Business Markets

Sensex slips 400 points after 3 days of rally; banking, power stocks slide

Mumbai [India]: After three straight days of rally, the Indian equity markets benchmark Sensex slipped nearly 400 points on Friday due to selling pressure in banking and financial, power and auto stocks.The 30 stock S&P Sensex of the Bombay Stock Exchange opened on a positive note but slipped in the red in the early morning trade. At around 11.30 am the Sensex was trading at 56,918.35 points, 0.69 per cent or 396.93 points lower from its previous day close at 57,315.28 points. Earlier the Sensex opened in the positive at 57,567.11 points and touched a high of 57,623.69 points. Soon the markets turned negative and the Sensex slipped below 57,000-points mark. It touched a low of 56,813.42 points.The broader Nifty 50 of the National Stock Exchange was trading at 16,935 points, 0.81 per cent or 137.60 points lower from its previous day close at…

Business Markets

Stock markets open in green, Sensex up by 339 points

Mumbai (Maharashtra) [India]: As the realty sector shares soared by 2.02 per cent, the benchmark equity indices opened in green on Thursday.The 30-scrip BSE Sensex was up by 339.61 points or 0.60 per cent at 57270.17 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 17061.70 at 9.35 am, up by 106.20 points or 0.63 per cent.On the Sensex, the sectors which are trading high are realty metal, and power among others.

Business Markets

Stock markets open in green, Sensex up by 331 points

Mumbai (Maharashtra) [India]: As the auto and energy sector shares gain, the benchmark equity indices opened in green on Wednesday.The 30-scrip BSE Sensex was up by 331.32 points or 0.59 per cent at 56650.33 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 16873 at 9.35 am, up by 102.20 points or 0.61 per cent.On the Sensex, the sectors which are trading high are auto, energy, and metal among others.

Business Markets

Equity benchmark indices close in green, Sensex up by 198 points

Mumbai (Maharashtra) [India]: Indian equity market closed in green on Tuesday as the metal and power sector shares gained.At the closing bell, the BSE S&P Sensex was up by 198.44 points or 0.34 per cent, while the Nifty 50 gained by 86.80 points or 0.50 per cent. In BSE Sensex all the sectors, other than the Information Technology (IT) sector gained. The sectors that saw maximum gain were the metal sector that was up by 3.48 per cent, the power sector that was up by 3.20 per cent, the utilities sector that was up by 3.11 and the realty sector was up by 2.35 per cent.Among stocks, the top gainer was the Power Grid Corp, which surged 3.91 per cent to Rs 201.85, followed by NTPC Limited up by 2.53 per cent to Rs 133.50 per share.Tata Steel, Bharti Airtel and Sun Pharma also…

Business Markets

Equity benchmark indices close in red, realty sector drags Sensex down by 433 points

Mumbai (Maharashtra) [India]: Indian equity market closed in red on Thursday as the realty, healthcare and banking sector shares plummeted.At the closing bell, the BSE S&P Sensex was down by 433.13 points or 0.72 per cent, while the Nifty 50 dropped by 143.60 points or 0.80 per cent. In BSE Sensex, the sectors which plummeted were the realty sector with a decline of 2.51 per cent, the healthcare sector with 1.24 per cent, and the banking sector with 1.19 per cent.The sectors which managed to stay afloat today were the consumer durables sector and power sector with 0.68 per cent and 0.31 per cent respectively.Among stocks, the top gainer was the Titan Company, which surged 1.79 per cent to Rs 2,528, followed by Mahindra & Mahindra (M&M) up by 0.57 per cent to Rs 924.90 per share.Reliance, Tata Consultancy Services (TCS) and IndusInd Bank…

South Asian Countries

India, Bhutan formalise seven entry-exit points for trade

New Delhi [India]: Indian and Bhutan on Wednesday formalised seven additional entry-exit points for trade, following a Commerce Secretary-level meeting on trade and transit issues in New Delhi.The Indian delegation was led by Department of Commerce Secretary BVR Subrahmanyam, and the Bhutanese delegation was led by Dasho Karma Tshering, Secretary, Bhutan Ministry of Economic Affairs, a statement from the Ministry of Commerce and Industry informed. The two sides held extensive discussions on the current trade and transit issues including measures to further strengthen bilateral trade relations and issues of mutual interest, on ways to increase trade connectivity between the two countries, the statement said.Through Letters of Exchange (LOE), the following seven additional entry/exit points for trade between India and Bhutan were formalized.“Nagarkata Land Customs Station without commodity restriction; Agartala Land Customs Station as an entry/exit point; Pandu port (Guwahati Steamerghat) as an entry /exit…

Business Markets

Equity indices open in green, Sensex up by 217 points

Mumbai (Maharashtra) [India]: Equity benchmark indices opened in the green on Monday with Sensex up by 217.43 points and Nifty up by 60.90 points.At 9:30 am, the 30-scrip BSE Sensex was up by 217.43 points or 0.37 per cent at 59524.36. Similarly, 50-scrip NSE Nifty was trading at 17732.60, at 9:30 am, up by 60.90 points or 0.34 per cent.

Business Markets

Equity benchmark indices close in red; Sensex plummets 1,158 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Thursday as the realty and banking shares plunged.At the closing bell, the BSE S&P Sensex was down by 1,158.63 points or 1.89 per cent, while the Nifty 50 dropped by 353.70 points or 1.94 per cent. In BSE Sensex the sectors, which plummeted were the realty sector with a decline of 3.75 per cent and the banking sector with 3.36 per cent.The only gainer for the day was the capital goods sector with 0.02 per cent.Among stocks, the top gainer was IndusInd Bank, which surged 2.94 per cent to Rs 1,175.45 per share, followed by Larsen and Toubro up by 1.92 per cent to Rs 1,817 per share. UltraTech Cement, Asian Paints, and Maruti Suzuki too traded with a positive bias.However, ITC cracked by 5.54 per cent, followed by ICICI Bank down…

Business Markets

Equity benchmark indices close in red; Sensex falls by nearly 207 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Wednesday as the metal and banking sector shares dragged.At the closing bell, the BSE S&P Sensex was down by 206.93 points or 0.34 per cent, while the Nifty 50 dropped by 57.40 points or 0.31 per cent. In BSE Sensex the sectors, the sectors which plummeted were the metal sector with a decline of 1.82 per cent and the banking sector with 1.12 per cent.However, the Information Technology sector gained by 1.01 per cent, followed by the TECK sector at 0.76 per cent.Among stocks, the top gainer was Asian Paints, which surged 4.42 per cent to Rs 3,094.20 per share, followed by Sun Pharma up by 1.45 per cent to Rs 825.35 per share. Infosys, State Bank of India (SBI), and UltraTech Cement too traded with a positive bias.However, Axis Bank cracked…

Business Markets

Sensex jumps 958 points, realty stocks surge

Mumbai (Maharashtra) [India]: Frenzied broad-based buying led equity benchmark indices to scale new highs on Thursday amid positive global cues.The US Federal Reserve’s comment that it may start tapering as soon as November failed to perturb domestic market sentiment, suggesting a strong bullish undercurrent. Besides, receding concerns on Evengrande crisis also supported the D-Street mood.At the closing bell, the BSE S&P Sensex was up by 958 points or 1.63 per cent at 59,885 while the Nifty 50 gained by 276 points or 1.57 per cent to 17,823.All sectoral indices were in the green zone with Nifty realty advancing by 8.4 per cent, financial service by 2.3 per cent, private bank by 2.2 per cent and metal by 1.5 per cent.Among stocks, Godrej Properties jumped 12.6 per cent to Rs 2,195.95 per share while DLF Ltd moved up by 8.9 per cent to Rs 401.95.Private…

Business Economy

Sensex at new peak at 56,124.72 pts

Mumbai: The BSE Sensex on Friday ended record high at 56,124.72 advancing by 175.62 pts following gains in Capital Goods, Power, Metal and Utilities stocks amid positive global cues. The Nifty too moved up by 68.30 pts at 16,705.20. Despite high volatility, the equity market ended on top, as the Sensex opened weak at 55,862.93, fell 87 pts. It was tumbled down nearly 274 pts to 55,675.87, days low. In late trade, it was bounced back and finished in green, breaching 56K level at 56,124.72, up by 175.62 pts from its previous close. It was registered days high at 56,188.23 pts, surging 239 pts. The sensex registered days high and low at 56,188.23 and 55,675.87 pts respectively. The Nifty recorded days high and low at 16,722.03 and 16,565.60 pts respectively. The scrips that lifted the market were Ultracemco, L& T, Dr Reddy’s Lab, Bajaj…

Business Markets

Sensex gains 125 points, metal majors crack

Mumbai (Maharashtra) [India]: Equity benchmark indices ended mildly higher on Monday after a volatile session with select IT stocks witnessing buying interest.But commodity prices nosedived globally amid a stronger dollar and on concerns over the spread of Covid-19, taking a toll on metal stocks domestically. At the closing bell, the BSE S&P Sensex was up by 125 points or 0.23 per cent at 54,403 while the Nifty 50 ticked is higher by 20 points or 0.12 per cent to 16,258.Sectoral indices were mixed with Nifty private bank up by 0.7 per cent, IT by 0.4 per cent and FMCG by 0.06 per cent. But Nifty metal dropped by 1.8 per cent, PSU bank by 1.5 per cent and realty by 0.7 per cent.Among stocks, Mahindra & Mahindra rose by 2.2 per cent to Rs 775.15 per share while Bajaj Auto gained by 0.3 per…

Business Markets

Sensex Inched Higher By 55 Points In Early Trade; Nifty Tops 15,860-Mark

Equity benchmark Sensex inched higher by 55 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Bajaj Finance and Infosys amid sustained foreign fund outflows. The 30-share BSE index was trading 55.46 points or 0.10 percent higher at 52,935.46 in initial deals. Similarly, the broader NSE Nifty advanced 24.05 points or 0.15 percent to 15,858.40. UltraTech Cement was the top gainer in the Sensex pack, rising 0.69 percent, followed by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance. Infosys was up 0.06 percent in early deals. On the other hand, Sun Pharma, TCS, HUL, and Reliance Industries were among the laggards. In the previous session, the BSE Sensex closed 395.33 points or 0.75 percent higher at 52,880. Similarly, the broader NSE Nifty surged 112.15 points or 0.71 percent to 15,834.35. Foreign institutional investors (FIIs) remained…