Markets

By Gyanendra Kumar Keshri Mumbai [India]: As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile in the week beginning Monday.Market participants will try to envisage the reforms and measures that could be announced by Finance Minister Nirmala Sitharaman in the budget to be presented on February 1 and make speculative trading decisions. The Indian stock markets have historically been volatile with negative bias in the fortnight preceding the presentation of the union budget. Bears were in full control of the Dalal Street during the week ended January 21. Snapping four-week of winning run the benchmark indices – Sensex and Nifty – slumped around three-and-a-half per cent during the week. The key indices sustained heavy losses for the four out of the five trading sessions of the week. The benchmark Sensex lost 2,185.85 points and the Nifty slumped 638.6 points or 3.5 per cent during the week ended January 21. The Indian stock markets witnessed heavy selling during the week on negative cues from the global markets amid speculations that the US Federal Reserves would hike policy rates sooner than expected. Major indices across the world witnessed heavy losses during the week. Nasdaq Composite Index lost 7.6 per cent during the week. S&P 500 lost 5.7 per cent. The rate hike speculation led to increase in bond yields. The US as well as Indian bond […]

Mumbai (Maharashtra) [India], : Equity indices opened in red on Friday with the Sensex down by 706.25 points and Nifty down by 203.50 points. The 30-scrip BSE Sensex was down by 706.25 points or 1.19 per cent at 58758.37 at 9.20 am.Similarly, 50-scrip NSE Nifty was trading at 17553.50 at 9:20 am, down by 203.50 points or 1.15 per cent. (ANI)

Mumbai [India]: The Indian equities markets key indices tumbled for the third straight day on Thursday dragged by heavy selling pressure in IT, financial and energy stocks. The benchmark Sensex has lost 1,844 points in the last three sessions, while Nifty 50 has slumped 552 points. Negative global cues and a sharp rise in crude oil prices in the international markets have dampened investors’ sentiments.The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 59,464.62 points, which is 634.20 points or 1.06 per cent down from its previous day’s close at 60,098.82 points. The Sensex started the Thursday trade marginally down at 60,045.48 points, which also remained the highest level for the day. The index tumbled to a low of 59,068.31 points in the intra-day. The index has closed sharply down for the third straight day. The Sensex had lost 656 points and 554 points in the previous two sessions, respectively. The broader Nifty 50 of the National Stock Exchange closed at 17,757 points, which is 1.01 per cent or 181.40 points down from its previous day’s close at 17,938.40 points. The Nifty slumped to a low of 17,648.45 points in the intra-day trade. The Nifty has lost 552 points in the last three sessions. IT stocks witnessed heavy selling pressure for the third straight day. Infosys tumbled 2.33 per cent to Rs 1824.15. TCS slumped 2.25 per cent to Rs […]

Mumbai [India]: The Indian equities markets key indices tumbled for the third straight day on Thursday dragged by heavy selling pressure in IT, financial and energy stocks. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange was trading at 59,582.20 points at 11.12 am, which is 516.62 points or 0.86 per cent lower from its previous day’s close at 60,098.82 points.The benchmark Sensex is trading deep in the red for the third consecutive session. The Sensex had lost 656 points and 554 points in the previous two trading sessions, respectively. The Sensex started the Thursday trade marginally down at 60,045.48 points, which also remains the highest level for the day. The index slumped to a low of 59,565.94 points. The broader Nifty 50 of the National Stock Exchange was trading at 17,839.30 points, which is 0.55 per cent or 99.10 points down from its previous day’s close at 17,938.40 points. The Nifty slumped to a low of 17,817.65 points in the morning trade after opening in the positive at 17,921.00 points. IT stocks witnessed heavy selling pressure for the third straight day. Infosys tumbled 1.94 per cent to Rs 1831.50. HCL Technologies slumped 1.70 per cent to Rs 1178.75. TCS fell 1.09 per cent to Rs 3873. Other major Sensex losers included: HDFC 2.03 per cent down at Rs 2565.50; Bajaj Finserv 1.77 per cent down at Rs 17767; Reliance Industries 1.67 […]

Mumbai [India] (ANI): The Indian equities markets’ key indices tumbled for the second consecutive day on Wednesday due to weak global cues. The benchmark Sensex slumped 656 points after losing 554 points in the previous day. Nifty plunged 174 points.There was heavy selling pressure in IT and FMCG stocks. Infosys tumbled nearly three per cent. Wipro fell two per cent. Hindustan Unilever and Nestle India both lost 2.41 per cent each. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 60,098.82 points, which is 656.04 points or 1.08 per cent lower from its previous day’s close at 60,754.86 points.Earlier, the Sensex opened in the positive at 60,845.59 points and touched a high of 60,870.17 points. However, the index came under heavy selling pressure in the afternoon session. The Sensex dipped to a low of 59,949.22 points in the intra-day.The index has declined sharply for the second straight day. The Sensex lost 554.05 points or 0.90 per cent on Tuesday.The broader Nifty 50 of the National Stock Exchange slumped 0.96 per cent or 174.65 points to 17,938.40 points as compared with its previous day’s close at 18,113.05 points.The Nifty touched a high of 18,129.20 points and low of 17,884.90 points in the intra-day. The Nifty had lost 1.07 per cent or 195.05 points on Tuesday.IT stocks witnessed heavy selling pressure. Infosys slumped 2.77 per cent to Rs 1867.70. Wipro tumbled 1.91 […]

Mumbai (Maharashtra) [India], (ANI): Equity indices opened in red on Wednesday with Sensex down by 291.40 points and Nifty down by 81.10 points. The 30-scrip BSE Sensex was down by 291.40 points or 0.48 per cent at 60463.46 at 9.19 am.Similarly, 50-scrip NSE Nifty was trading at 18031.90 at 9.19 am, down by 81.10 points or 0.45 per cent. On the Sensex, the sectors that were trading low including information technology, realty, healthcare among others. image – kshvid

Mumbai (Maharashtra) [India] (ANI): The Indian equities markets benchmark Sensex slumped 554 points on Tuesday due to heavy selling pressure at the fag-end of the session on negative cues from the US and European markets.Heavy selling was witnessed in auto, metal, pharma and IT stocks. Maruti Suzuki tumbled over four per cent. UltraTech Cement slumped 3.54 per cent. The Index heavyweight Reliance Industries fell 1.23 per cent. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 60,754.86 points, which is 554.05 points or 0.90 per cent lower from its previous day’s close at 61,308.91 points.Earlier the Sensex opened in the positive at 61,430.77 points and rose to a high of 61,475.15 points in the early morning trade. Later, the Sensex slipped into negative and again returned in the positive zone in the afternoon session.Massive selling towards the end of the session dragged the benchmark Sensex down to 60,662.57 points towards the end of the trading session.The broader Nifty 50 of the National Stock Exchange closed at 1.07 per cent or 195.05 points down at 18,113.05 points as compared with the previous day’s close at 18,308.10 points.The Nifty also opened in the positive at 18,337.20 points and witnessed volatile trading. The Nifty touched a high of 18,350.95 points and low of 18,085.90 points in the intra-day.There was heavy selling pressure in auto, IT, pharma and metal stocks. Maruti Suzuki slumped 4.05 […]

Mumbai [India] (ANI): The Indian equities markets key indices witnessed choppy session on Monday as gains made due to buying support in the stocks like Maruti Suzuki, Tata Steel and TCS were offset by heavy selling in HCL Technologies and major private sector banks.The benchmark Sensex closed 86 points higher while Nifty 50 soared past 18,300 points mark. The 30 stock S&P BSE Sensex of the Bombay Stock Exchange closed at 61,308.91 points, which is 85.88 points or 0.14 per cent higher from its previous session’s close at 61,223.03 points.Earlier the Sensex opened marginally down at 61,219.64 points and fell to a low of 61,107.60 points and high of 61,385.48 points in the intra-day.The broader Nifty 50 of the National Stock Exchange closed at 18,308.10 points, which is 0.29 per cent or 52.35 points higher from its previous session’s close at 18,255.75 points.The Nifty also opened in the negative at 18,235.65 points and touched a low of 18,228.75 points and high of 18,321.55 points in the intra-day.There was strong buying support in auto, metal and IT stocks. Maruti Suzuki surged 2.08 per cent to Rs 8250. Mahindra & Mahindra soared 2.19 per cent to Rs 900.25. Tata Steel jumped 1.35 per cent to Rs 1229.70.UltraTech Cement jumped 2.78 per cent to Rs 7867.90. Other major Sensex gainers include TCS 1.26 per cent higher at Rs 4019.10; L&T 1.20 per cent higher at Rs 2069.35; […]

Mumbai (Maharashtra) [India] (ANI): Equity indices were trading weak on Friday amid mixed global cues.At 9.15 am, BSE Sensex was down by 0.51 per cent or 310.79 points at 60,924.51, while NSE Nifty was down by 0.66 per cent or 119.90 points at 18137.90. HDFC, HCL Tech, Asian Paints, Wipro and UPL were among the major losers on the Nifty, while gainers were Cipla, IOC, L&T, Titan Company and Divis Labs. (Image source: Unsplash)

Mumbai [India] (ANI): Share price of Tata Consultancy Services (TCS) and Infosys rose on Thursday, a day after the IT giants announced healthy growth in profit and revenue for the third quarter of the current financial year.TCS share price rose to Rs 3902.35 at around 1.40 pm at the Bombay Stock Exchange (BSE), which is 1.17 per cent higher from its previous day’s close at Rs 3857.25. Infosys share was trading at Rs 1896.65, which is 1.01 per cent higher from its previous day’s close at Rs 1877.60.The country’s largest IT firm TCS on Wednesday announced that its consolidated net profit during the third quarter of the current financial year rose to Rs 9,769 crore, which is 12.3 per cent higher from Rs 8,701 crore recorded in the corresponding period of 2020-21.Infosys, India’s second largest software exporter, reported consolidated net profit of Rs 5,809 crore for October-December 2021 quarter, which is 12 per cent higher from Rs 5,197 crore recorded during the same period of previous year. (Image source: Instagram)

Mumbai (Maharashtra) [India] (ANI): Equity indices on Tuesday opened flat amid mixed global cues.At 9.15 am, NSE Nifty was up by 0.23 per cent or 41.20 points at 18044.50, while BSE Sensex was up by 0.25 per cent or 152.11 points at 60547.74. IndusInd Bank, HDFC, Tata Consumer Products, Hindalco Industries and Britannia Industries were among major gainers on the Nifty, while losers were Tata Steel, JSW Steel, Coal India, Bajaj Finance and Nestle India. (Image source: Instagram)

Mumbai [India] (ANI): The Indian equities markets witnessed strong rally on Monday defying the concerns over rising COVID-19 cases and weak global cues. The benchmark Nifty 50 crossed psychologically important 18,000 points mark and Sensex climbed 651 points.There was strong buying support in auto, infra, banking and IT stocks. Titan surged 3.29 per cent. Maruti Suzuki jumped nearly 3 per cent. Larsen & Toubro and State Bank of India gained around two-and-a-half per cent. The markets started the week on a strong positive note with benchmark Sensex opening above 60,000 points mark.The 30 stock S&P Sensex of the Bombay Stock Exchange closed at 60,395.63 points, which is 650.98 points or 1.09 per cent higher from its previous session’s close at 59,744.65 points.Earlier the Sensex opened sharply higher at 60,070.39 points and surged to a high of 60,427.36 points in the intra-day trade.The broader Nifty 50 of the National Stock Exchange closed at 18,003.30 points, which is 1.07 per cent or 190.60 points higher from its previous session’s close at 17,812.70 points.The Nifty 50 opened on a strong positive note at 17,913.30 points and surged to a high of 18,017.45 points in the intra-day.There was strong buying support in auto, infra, banking and IT stocks. Titan surged 3.29 per cent to Rs 2657.35. Maruti Suzuki soared 2.74 per cent to Rs 8123.85.Share price of Larsen & Toubro surged 2.54 per cent to Rs 1953.15 after […]