sensex

Sensex down by 929 points

Mumbai (Maharashtra) [India]: Equity benchmark indices opened in the red on Thursday with Sensex down by 929.43 points and Nifty by 297.60 points.

At 10:15 am, the BSE Sensex was down by 929.43 points or 1.72 per cent at 53,158.96.
BSE Limited, also known as the Bombay Stock Exchange, is the oldest stock exchange in Asia, and also the 10th oldest in the world.

The 50-scrip NSE Nifty was trading at 15,869.50, at 10:15 am, down by 297.60 points or 1.84 per cent.

NIFTY 50 is a benchmark Indian stock market index, representing the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. It is one of the two main stock indices used in India. (ANI)

 

Stock markets witness volatile trading; Sensex down 140 points

Mumbai (Maharashtra) [India]: After three days of rally, the Indian equities markets key indices witnessed volatile trading on Thursday on weak global cues.

The 30 stock S&P BSE Sensex was trading at 58,543.94 points at 12.11 pm, which is 140.05 points or 0.24 per cent lower from its previous day’s close at 58,683.99 points.
Earlier, the Sensex opened in the positive at 58,779.71 points and surged to a high of 58,890.92 points in the morning trade.

The Sensex is trading weak after three days of rally. The index had gained 740.34 points or 1.28 per cent on Wednesday.

The broader Nifty 50 of the National Stock Exchange was trading 19.95 points or 0.11 per cent down at 17,478.30 points against its previous day’s close at 17,498.25 points.

Earlier, the Nifty opened in the positive at 17,519.20 points and rose to a high of 17,559.80 points in the morning trade.

The Nifty had gained 172.95 points or 1 per cent on Wednesday.

The index heavyweight Reliance Industries slipped 1.23 per cent to Rs 2640. Wipro slipped 0.87 per cent to Rs 595.40. Infosys fell 0.83 per cent to Rs 1901.80. Bharti Airtel fell 0.77 per cent to Rs 743.60.

Mahindra & Mahindra 1.96 per cent higher at Rs 808.70; Asian Paints 1.13 per cent higher at Rs 3115; Bajaj Finance 0.97 per cent higher at Rs 7324.50; Axis Bank 0.97 per cent higher at Rs 757.45 and Hindustan Unilever 0.86 per cent higher at Rs 2032.75 were among the major Sensex gainers. (ANI)

Sensex falls 280 points; Titan, Maruti, ITC slump

Mumbai (Maharashtra) [India], March 25 (ANI): The Indian equities markets benchmark Sensex witnessed volatile trading on Friday amid mixed cues from the global markets.

The 30 stock S&P BSE Sensex was trading 274.16 points or 0.48 per cent down at 57,321.52 points at 12.56 pm, against its previous day’s close at 57,595.68 points.
Earlier, the Sensex opened in the positive at 57,801.72 points and surged to a high of 57,845.37 points in the morning trade. However, the index turned into negative within a few minutes of trade. It slipped to a low of 57,249.97 points.

The broader Nifty 50 of the National Stock Exchange was trading 79.95 points or 0.46 per cent down at 17,142.80 points against its previous day’s close at 17,222.75 points.

There was selling pressure in auto and IT stocks.

Titan slumped 3.36 per cent to Rs 2530.70. Maruti Suzuki fell 1.92 per cent to Rs 7409.25. Tech Mahindra slipped 1.65 per cent to Rs 1542.95.

Nestle India, ITC, Wipro, L&T, Power Grid Corporation and Infosys were among the major Sensex losers.

The index heavyweight Reliance Industries was trading 0.74 per cent higher at Rs 2596.95. Kotak Bank, Tata Steel, State Bank of India and Dr Reddy’s Laboratories were also trading the positive. (ANI)

BSE seeks clarification from Paytm as stock dips 75 pc from issue price

Mumbai (Maharashtra) [India]: The country’s leading stock exchange BSE has sought a clarification from Paytm’s parent firm One 97 Communications over the sharp drop in its share price of the company.

The share price of One 97 Communications Ltd slumped 3.59 per cent to Rs 524.40 at the BSE on Wednesday. This is nearly 75 per cent down from its issue price of Rs 2150 per share.
“The exchange has sought clarification from One 97 Communications on March 22, 2022 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded,” BSE, formerly known as Bombay Stock Exchange, said in a statement.

The market capitalisation of One 97 Communications stood at Rs 1,39,432.7 crore at issue price of Rs 2150. It has now plunged to Rs 35,273.23 crore. In just four months the company’s market capitalisation has been eroded by Rs 1.04 lakh crore.

In a reply to the clarification sought by the stock exchange, One 97 Communications said, “We would like to inform you that our Company has been complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and have, from time to time, made all necessary disclosures to the Stock Exchanges within stipulated timeline.”

“Further, as on date, there is no information/ announcement, which in our opinion may have a bearing on the price/volume behaviour in the scrip of the Company and which is yet not disclosed to the Stock Exchanges,” Amit Khera, Company Secretary & Compliance Officer, One 97 Communications, said in the letter.

“The Company would also like to point out the business fundamentals remain robust as demonstrated in our last earning release dated February 04, 2022,” he said.

“We would like to reiterate that the Company is committed to comply with the Listing Regulations and any information/ announcement, likely to have bearing on the price/ volume of the shares of the Company would be disclosed, from time to time, to the Stock Exchanges within stipulated timeline,” Khera added in the letter. (ANI)

 

Sensex up by 1,092 points

Mumbai (Maharashtra) [India] (ANI): Equity indices opened in green on Thursday with Sensex up by 1,092.16 points and Nifty up by 315.90 points.

The 30-scrip BSE Sensex was up by 1,092.16 points or trading at 55,739.49 and up by 2.00 percent at 9.33 am.
Similarly, 50-scrip NSE Nifty was trading at 16,661.25 at 9.33 am, up by 315.90 points or 1.93 percent. (ANI)

 

Indian stocks rally for 2nd-day; Sensex climbs 1,223 points

Mumbai (Maharashtra) [India], (ANI): The Indian stock markets key indices rallied for the second consecutive day on Wednesday with Sensex and Nifty rising by more than two per cent on the back of strong buying support in auto, infra and banking, and financial stocks.

The 30 stock S&P BSE Sensex surged 1223.24 points or 2.29 per cent to 54,647.33 points against its previous day’s close at 53,424.09 points.
Earlier, the Sensex started the day on a positive note at 53,793.99 points and surged to a high of 54,893.73 points in the intra-day.

The Sensex had gained 581.34 points or 1.10 per cent on Tuesday.

The broader Nifty 50 of the National Stock Exchange closed 331.90 points or 2.07 per cent higher at 16,345.35 points. The Nifty had gained 150.30 points or 0.95 per cent on Tuesday.

There was strong buying support in auto, energy and banking and financial stocks.

The index heavyweight Reliance Industries surged 5.24 per cent to Rs 2353.80. Asian Paints soared 5.56 per cent to Rs 2875.10. Bajaj Finance jumped 5.13 per cent to Rs 6473. Mahindra & Mahindra soared 4.94 per cent to Rs 735.10.

Only five of the 30 stocks that are part of the benchmark Sensex closed in the red.

Power Grid Corporation slipped 1.89 per cent to Rs 208.05. NTPC fell 1.57 per cent to Rs 131.50. Tata Steel, Nestle India and Wipro also closed in the red. (ANI)

Amid Russia-Ukraine crisis, Sensex down by 1,432 points

               

Mumbai (Maharashtra) [India]: With Russian President Vladimir Putin announcing a special “military operation” in eastern Ukraine, equity indices opened in red on Thursday with the Sensex down by 1432.50 points and Nifty down by 410.70 points.

The 30-scrip BSE Sensex was down by 1432.50 points or 2.50 per cent at 55,799.56 at 9.15 am.
Similarly, 50-scrip NSE Nifty was trading at 16652.60 at 9.15 am, down by 410.70 points or 2.41 per cent.

On the Sensex, the sectors trading on a positive bias were consumer durables and consumer discretionary goods and services among others.

Earlier today, Russian President Vladimir Putin announced a special “military operation” to protect Donbas, the separatist-held region in eastern Ukraine.

Delivering an emergency address, Putin said the operation has been launched to demilitarize the country. (ANI)

Sensex up by 201 points

               

Mumbai (Maharashtra) [India] (ANI): The equity indices on Monday opened in green with the Sensex up by 201.33 points and Nifty up by 61.80 points.

The 30-scrip BSE Sensex was up by 201.33 points or 0.35 per cent at 57822.52 at 9.41 am.
Similarly, 50-scrip NSE Nifty was trading at 17275.40 at 9.41 am, up by 61.80 points or 0.36 per cent.

On the Sensex, the sectors trading on a positive bias were consumer durables and consumer discretionary goods and services among others. (ANI)

Sensex slumps 656 points, Nifty down 174 points on weak global cues

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 per cent to Rs 621.30. TCS fell 1.87 per cent to Rs 3915.80.
Asian Paints tumbled 2.71 per cent to Rs 3281.10. Hindustan Unilever 2.41 per cent down at Rs 2312; Nestle India 2.41 per cent down at Rs 18903.30; Bajaj Finance 2.28 per cent down at Rs 7570.30; Kotak Bank 1.88 per cent down at Rs 1905.95 and ICICI Bank 1.82 per cent down at Rs 808.35 were among the major Sensex losers.
State Bank of India surged 1.83 per cent to Rs 515.90. Tata Steel 1.19 per cent higher at Rs 1208.75; Maruti Suzuki 1.17 per cent higher at Rs 8008.50; Axis Bank 0.55 per cent higher at Rs 729.60 and Tech Mahindra 0.51 per cent higher at Rs 1669.10 were among the major Sensex gainers. (Image source: Instagram)

Sensex tumbles 554 points on weak cues from US, European markets

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 per cent to Rs 7930. Tech Mahindra dipped 3.54 per cent to Rs 1660.65.
UltraTech Cement slumped 3.83 per cent to Rs 7566.25, a day after the company announced its third quarter results. UltraTech Cement on Monday said its net profit rose by 8 per cent to Rs 1,708 crore for the third quarter of the current financial year as against Rs 1,584 crore recorded in the corresponding period of the last fiscal. The increase in profit is mainly because of a one-time gain of Rs 535 crore in tax for earlier years.
HCL Technologies 3.09 per cent down at Rs 1219.85; Tata Steel 2.86 per cent down at Rs 1194.50; IndusInd Bank 2.22 per cent down at Rs 900.20; L&T 2.14 per cent down at Rs 2025.05; Bharti Airtel 2.03 per cent down at Rs 713.75 and Wipro 1.98 per cent down at Rs 633.40 were among the major Sensex losers.
Only seven of the 30 scrips that are part of the benchmark Sensex closed in the positive.
Axis Bank rose 1.83 per cent to Rs 725.60. HDFC Bank 0.53 per cent higher at Rs 1529.60; ICICI Bank 0.48 per cent higher at Rs 823.35; Kotak Bank 0.34 per cent higher at Rs 1941.50 and Dr Reddy’s Laboratories 0.25 per cent higher at Rs 4685.45 were among the major Sensex gainers. (Image source: Unsplash)

Sensex closes 86 points higher in choppy trade; Nifty soars past 18,300 mark

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; State Bank of India 1.14 per cent higher at Rs 514.05 and Bharti Airtel 1.09 per cent higher at Rs 728.55.
Reversing the last week’s plunge, Wipro closed 1 per cent higher at Rs 646.20.
HCL Technologies slumped 5.89 per cent to Rs 1258.80 due to disappointing Q3 results. The company’s net profit declined 13.6 per cent to Rs 3,442 crore for the third quarter of 2021-22. The scrip plunged to a low of Rs 1244 in the intra-day, which is 6.99 per cent lower from its previous close of Rs 1337.55 recorded on Friday. The company announced its Q3 results on Friday after the closing of market trading.
Other major Sensex losers were HDFC Bank 1.53 per cent down at Rs 1521.55; Axis Bank 1.25 per cent down at Rs 712.55; Tech Mahindra 1.01 per cent down at Rs 1721.65; Sun Pharma 0.82 per cent down at Rs 853.20 and Power Grid Corporation 0.77 per cent down at Rs 206.20. (Image source: Instagram)

Nifty soars past 18,000-mark; Sensex climbs 651 points

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 the company announced it has bagged a contract to design and construct a part of Mumbai Ahmedabad High Speed Rail Project, India’s first high speed rail corridor, popularly referred to as the bullet train project.
State Bank of India soared 2.54 per cent to Rs 503.55. HDFC 2.43 per cent higher at Rs 2660.05; Kotak Bank 2.34 per cent higher at Rs 1948.05; ITC 2.20 per cent higher at Rs 223.30; ICICI Bank 2.16 per cent higher at Rs 810.50 and Infosys 2.09 per cent higher at Rs 1851.10 were among the major Sensex gainers.
One-third of the 30 scrips that are part of the Sensex closed in the red. Wipro slumped 2.47 per cent to Rs 693.65. Nestle India dipped 1.17 per cent to Rs 19690.10; Asian Paints dropped 0.55 per cent to Rs 3555.
Power Grid Corporation 0.51 per cent down at Rs 204; Sun Pharma 0.46 per cent down at Rs 825; Hindustan Unilever 0.39 per cent down at Rs 2407.10 and Dr Reddy’s Laboratories 0.31 per cent down at Rs 4694 were among the major Sensex losers. (Image source: Instagram)

Sensex down by 491 points

             

Mumbai (Maharashtra) [India]: Benchmark indices opened in red on Thursday amid weak global cues.

At 9.15 am, BSE Sensex was down by 491.40 points or 0.82 per cent, while NSE Nifty was down by 156.80 or 0.87 per cent.
The negative trading in stock markets after the US Fed Reserve has signalled raise interest rates, prompting investors to withdraw money from emerging markets. (ANI)

Equity indices open in green, Nifty crosses 17600

Mumbai (Maharashtra) [India]: Equity indices opened in green on Tuesday amid positive global cues.
At 9.15 am, BSE Sensex was up by 160.57 or 0.27 per cent at 59343.79, while NSE Nifty was up by 38.20 or 0.22 per cent at 17663.90 NTPC, Tata Steel, Maruti Suzuki, Axis Bank and Bajaj Finserv were among major gainers on the Nifty, while losers were Tata Motors, Eicher Motors, HDFC Bank, Infosys and HDFC.

Sensex surges 632 points; bank, IT stocks climb

Mumbai [India]: Indian benchmark indices, Sensex and Nifty, surged more than 1 per cent on Monday on the back of strong buying support in banking and IT stocks.
At around 12.20 pm, the 30 stock S&P Sensex of the Bombay Stock Exchange was trading at 58,886.41 points, 1.09 per cent or 632.59 points higher from its previous session’s close at 58,253.82 points. The broader Nifty 50 of the National Stock Exchange was trading at 17,539.20 points, 185.15 points or 1.07 per cent higher from its previous session’s close at 17,354.05 points.
The Nifty opened on a strong positive note at 17,387.15 points and touched a high of 17,544.90 points.
There was strong buying support in banking and IT stocks. Axis Bank surged more than two percent. ICICI Bank was trading 1.92 per cent higher at Rs.754.45. HDFC Bank jumped 1.82 per cent to Rs.1506.70. State Bank of India was trading 1.48 per cent higher at Rs.467.25.
IT stocks also witnessed good busying support. TCS jumped 1.91 per cent to Rs.3808.20. HCL Technologies was trading 0.64 per cent higher at Rs.1326.80. Infosys was up 0.60 per cent at Rs.1900.95 and Wipro was trading 0.39 per cent higher at Rs.718.
Only five of the 30 scrips that are part of the Sensex were trading in the red. Dr Reddy’s Laboratories was down 0.76 per cent at Rs.4871.35. Titan was down 0.41 per cent to Rs.2514.05. UltaTech Cement was trading 0.12 per cent down at Rs.7583.

Sensex rebounds 877 points from day’s low; closes 296 points higher

Mumbai [India]: The Indian equities markets witnessed volatile trading on Monday with the benchmark Sensex rebounding 877 points from the day’s low on good buying support in IT, power and pharma stocks.
There was good buying support in IT stocks. Tech Mahindra surged 3.4 per cent. TCS gained 0.73 per cent. Infosys and Wipro also closed in the positive. The markets started the week on a negative note with benchmark indices opening the trade deep in the red.
The 30 stock S&P Sensex of the Bombay Stock Exchange opened sharply down at 56,948.33 points and slumped to a low of 56,543.08 points in the early morning trade.
There was good buying support in the afternoon session. Sensex ended the day at 57,420.24 points, 0.52 per cent or 295.93 points higher from its previous session’s close at 57,124.31 points. The Sensex touched a high of 57,512.01 points in the intra-day, this is 968.93 points higher from its intra-day close of 56,543.08 points.
The broader Nifty 50 of the National Stock Exchange ended the day 0.49 per cent or 82.50 points higher at 17,086.25 points when compared with its previous session close at 17,003.75 points.
Earlier the Nifty 50 also opened deep in the red at 16,937.75 points and slumped further to 16,833.20 points in the intra-day. Buying support in IT, power and pharma scrips helped the rebound in the index. The Nifty 50 touched a high of 17,112.05 points.
Tech Mahindra 3.40 per cent higher at Rs.1782; Dr Reddy’s Laboratories 1.95 per cent higher at Rs.4729.50; Power Grid Corporation 1.60 per cent higher at Rs.206.50; Kotak Bank 1.56 per cent higher at Rs.1775.55; Sun Pharma 1.16 per cent higher at Rs.794.40; ICICI Bank 1.14 per cent higher at Rs.735.75 and HDFC 1.02 per cent higher at Rs.2559.80 were among the major Sensex gainers.
Only six of the 30 stocks that are part of Sensex closed in the red. IndusInd Bank closed 0.55 per cent down at Rs 856. Asian Paints 0.44 per cent down at Rs 3273.80; Maruti Suzuki 0.32 per cent down at Rs 7293.50 and Bharti Airtel 0.23 per cent down at Rs 675.50 were among the major Sensex losers.

Equity indices open in red, Sensex down by 350 points

Mumbai (Maharashtra) [India]: The Indian equities market on Friday opened in the red on Monday.
The 30-scrip BSE Sensex was down by 350.16 points or 0.61 per cent at 28266.76 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 16898.30 at 9.35 am, down by 105.50 points or 0.62 per cent.
On the Sensex, all the sectors, except healthcare, utilities, and power sectors, are trading in low today.

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 17,072.60 points. The Nifty touched a high of 17,155.60 points and a low of 16,909.60 points in the intra-day.
Heavy selling pressure was witnessed in banking & financial, power, metal and auto stocks.
Kotak Bank slumped 2.38 per cent to Rs.1733.80. NTPC slipped 2.33 per cent to Rs.121.70. Bajaj Finserv 1.95 per cent down at Rs.15846.30; IndusInd Bank1.89 per cent down at Rs.854.70; Axis Bank 1.84 per cent down at Rs.665.80; Mahindra & Mahindra 1.68 per cent down at Rs.812.80 and State Bank of India 1.57 per cent down at Rs.454.70 were among the major Sensex losers.
Only six of the 30 scrips that are part of the Sensex were trading in the positive. HCL Technologies jumped 2.02 per cent to Rs.1252.10. Tech Mahindra 0.99 per cent higher at Rs.1700.35; ITC 0.64 per cent higher at Rs.218.70; Nestle India 0.57 per cent higher at Rs.19315.90 and Asian Paints 0.45 per cent higher at Rs.3281.75 were among the major Sensex gainers.

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.

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.

Stock markets open in green, Sensex rallies over 600 points

Mumbai (Maharashtra) [India]: A day after the Indian equities markets slumped by nearly 1000 points, equity indices opened in green on Tuesday.
The 30-scrip BSE Sensex was up by 665.03 points or 1.19 per cent at 56487.04 at 9.30 am. Similarly, 50-scrip NSE Nifty was trading at 16807.20 at 9.30 am, up by 193.00 points or 1.16 per cent.
On the Sensex, the sectors which are trading high are metal, basic material, and information technology among others.

Omicron, inflation, FIIs, major factors behind panic selloff at Dalal Street

Mumbai [India]: The Indian equities markets benchmark indices Sensex and Nifty have slumped more than 11 per cent from their peaks. Technically the markets have now entered the correction zone. This has happened for the first time since March 2020. The markets witnessed panic selling on Monday. The key indices slumped over 3 per cent leaving equity investors poorer by a staggering around Rs 10 lakh crore.
The benchmark Sensex dipped to a low of 55,132.68 points on Monday trade, which is 11.42 per cent down from its high of 62245.43 points reached on October 19, 2021. More than 10 per cent of decline from the peak is referred to as correction.
What is causing this massive selloff at the Dalal Street? There are multiple factors. Exploding COVID cases due to the new strain Omicron, rising inflation and sustained selling by the Foreign Institutional Investors (FIIs) are among the key factors driving the markets down.
The biggest trigger has come from the renewed COVID-19 pandemic concerns. COVID-19 cases have started rising sharply across the world due to the new strain Omicron. The Netherlands has imposed lockdowns. Several other countries are also putting restrictions and may impose lockdowns ahead of the Christmas and New Year holidays. The UK and other European countries are among the worst affected by Omicron variant. There is a growing fear that the restrictions and lockdowns may derail the global economic recovery.
The cases of Omicron, the new strain of Coronavirus, have been rising in India also. New cases were reported in several states on Monday taking the nationwide tally to 170. Maharashtra is the worst affected with 54 Omicron cases. Delhi is the second-worst hit with 28 cases of the new COVID variant.
The broader Nifty 50 of the National Stock Exchange has also entered the correction zone with more than 10 per cent decline from its peak. The Nifty 50 touched a low of 16,410.20 points on Monday, which is 11.79 per cent lower from its all-time high of 18,604.45 points achieved on October 19, 2021.
Equity investors’ wealth has been eroded by 22.12 lakh crore from their peak touched on October 19. Market capitalisation of BSE listed companies dropped to Rs.252,57,581.05 crore on December 20 from Rs.274,69,606.93 crore recorded on October 19, registering a decline of Rs.22,12,025.88 crore.
The recent slump in the market has been triggered by heavy selling by Foreign Institutional Investors (FIIs). The FIIs have been selling in the Indian markets constantly since October. The rise in dollar prices and signals by the US Federal Reserves to hike interest rates are some of the important reasons why FIIs are shifting money from emerging markets like India to developed markets like the US.
The Reserve Bank of India (RBI) is under increasing pressure to hike policy rates after the recent increase in inflation.
Wholesale Price Index (WPI) based inflation rose to 14.23 per cent in November, the highest level in 12 years due to a sharp jump in the prices of oil, basic metals, and food products, as per the official data released last week.
Consumer Price Index-based inflation rose to 4.91 per cent in November. Though the headline inflation remains in the RBI’s target range of 2-6 per cent, the rising trend has put increasing pressure on the central bank to hike policy rates.
In the bi-monthly policy review announced on December 8, the RBI kept key policy rates unchanged for the ninth consecutive time. The repo rate remains unchanged at 4 per cent and reverse repo rate at 3.35 per cent.
If the central bank decides to hike these rates it could negatively impact the economic growth which will have pressure on the companies’ earnings and profits.

Sensex closes 166 points down; ITC, Bajaj Finance slump

Mumbai (India): The Indian equities markets benchmark Sensex closed 166 points down on Tuesday dragged by a nearly 3 per cent slump in ITC. Bajaj Finance dipped over two per cent.
The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened in the red and witnessed volatile trading with negative bias. The Sensex ended the day at 58,117.09 points, 0.29 per cent or 166.33 points lower from the previous day’s close at 58,283.42 points. The index slumped to a low of 57,803.87 points in the intra-day. It also briefly traded in the positive territory in the afternoon session touching an intra-day high of 58,322.42 points. This is the second consecutive day of fall in the benchmark Sensex. The index had slumped 503 points on Monday.
The broader Nifty 50 of the National Stock Exchange (NSE) also closed in the red for the second straight day. The Nifty 50 closed at 17,324.90 points, 0.25 per cent lower than the previous day’s close at 17,368.25 points. The Nifty 50 touched a high of 17,376.20 points and a low of 17,225.80 points in the intra-day.
More than half of the scrips that are part of the Sensex ended the day in positive. Power Grid surged 3.84 per cent to Rs.212.30. Dr Reddy 1.05 per cent higher at Rs.4646.75; Nestle India 1.03 per cent higher at Rs.19179.90; Axis Bank 0.94 per cent higher at Rs.710.70; ICICI Bank 0.65 per cent higher at Rs.758.85 and IndusInd Bank 0.57 per cent higher at Rs.943.60 were among the major Sensex gainers.
Major Sensex losers included: ITC down 2.73 per cent to Rs.228.30; Bajaj Finance 2.10 per cent at Rs.7068.65; Kotak Bank 1.75 per cent down at Rs.1840.45; Bharti Airtel 1.60 per cent down at Rs.691.65 and Reliance Industries 1.22 per cent down at Rs.2380.40.

Sensex slides 450 points; Bajaj, HDFC slump

Mumbai (India): The Indian equities markets opened deep in the red on Tuesday with the benchmark Sensex sliding more than 450 points due to heavy selling pressure in banking and auto stocks.
The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened in the red at 58,059.76 points and slumped to a low of 57,843.12 points in the early trade. The index recovered a bit and touched a high of 58,187.91 points. However, it again fell sharply, and at around 10.50 am the index was trading at 57,832.77 points, 0.77 per cent or 450.65 points lower than the previous day’s close at 58,283.42 points. The broader Nifty 50 of the National Stock Exchange (NSE) also opened in the red 17,283.20 points. The Nifty 50 was trading at 17,234.45 points at around 10.50 am on Tuesday, 0.77 per cent lower than the previous day’s close at 17,368.25 points.
Bajaj Finserv slumped 2.39 per cent to Rs.16906.40. Bajaj Finance dipped 2.33 per cent to Rs.7051.70. Other major Sensex losers included Kotak Bank 2.12 per cent down at Rs.1833.50; ITC down 1.66 per cent at Rs.230.80; Mahindra & Mahindra down 1.65 per cent at Rs.829.10; HDFC 1.42 per cent down at Rs.2731.50 and IndusInd Bank 1.19 per cent down at Rs.927.05.
Only eight of the 30 stocks that are part of the benchmark Sensex were trading in the positive. Power Grid Corporation jumped 2.18 per cent to Rs.208.80. Hindustan Unilever 0.44 per cent higher at Rs.2316.55; Dr Reddy 0.37 per cent higher at Rs.4615.45 and NTPC 0.28 per cent higher at Rs.126.05 were among the major Sensex gainers.

Sensex ends 503 points down; Reliance, Bajaj slump

Mumbai (India): The Indian equities markets reversed course during the day with benchmark Sensex closing 503 points down after rallying over 400 points in the early trade.
Selling pressure in heavyweight Reliance Industries and banking and financial stocks dragged the index down. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange ended the day at 58,283.42 points, 0.86 per cent or 503.25 points lower than the previous session close at 58,786.67 points.
The key indices opened the day on a positive note and traded in the green till noon. However, heavy selling pressure in heavyweight stocks dragged the index down.
The benchmark Sensex fluctuated around 1000 points during the day. The index opened on a positive note at 59,103.72 points and surged to a high of 59,203.37 points in the early morning trade. The Sensex slipped to a low of 58,242.80 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange (NSE) ended the day at 17,368.25 points, 0.82 per cent lower than the previous session close at 17,511.30 points.
The Nifty 50 also opened on a positive note at 17,619.10 points and witnessed volatile trading. The index touched a high of 17,639.50 points and a low of 17,355.95 points in the intra-day.
There was heavy selling pressure in banking and financial stocks. Bajaj Finance slumped 3.10 per cent to Rs.7220.10. Bajaj Finserv fell 2.14 per cent to Rs.17343.50. The heavyweight Reliance Industries fell 2 per cent to Rs.2409.80.
Other major Sensex losers included, Mahindra & Mahindra 1.94 per cent lower at Rs.843; Nestle India 1.51 per cent lower at Rs.18982.25; State Bank of India 1.43 per cent lower at Rs.487.65; HDFC 1.39 per cent lower at Rs.2770.85 and Tata Steel 1.26 per cent lower at Rs.1165.15.
Only seven of the 30 stocks that are part of the benchmark Sensex closed in the positive. Axis Bank rose 2.38 per cent to Rs.704.05; Tech Mahindra rose 2.20 per cent to Rs.1637.85. Other major gainers included Maruti Suzuki 1.20 per cent higher at Rs.7515.40; Power Grid 0.91 per cent higher at Rs.204.45 and Titan 0.37 per cent higher at Rs.2349.

Sensex, Nifty end in red in volatile trading

Mumbai (India): The Indian equities markets closed in the red for the first time in four trading sessions on Friday. The benchmark Sensex ended the day 20 points lower while Nifty 50 closed nearly flat after volatile trading witnessed during the day.
The markets opened in the negative after three sessions of smart gains. Most indices witnessed volatile trading with negative bias. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange ended the day at 58,786.67 points, 0.03 per cent or 20.46 points lower from the previous day close at 58,807.13 points. Earlier the Sensex started the day in negative at 58,696.71 points and touched a low of 58,414.76 points and a high of 58,859.91 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange (NSE) also closed in the red for the first time in four days. The Nifty 50 ended the day at 17,511.30 points, 0.03 per cent or 5.55 points lower than the previous day’s close. The Nifty 50 touched a high of 17,534.35 points and a low of 17,405.25 points in the intra-day.
Seventeen of the 30 scrips that are part of Sensex closed in the red. Titan slumped 1.39 per cent to Rs. 2340.45. HDFC fell 1.12 per cent to Rs. 2809.95. Other major losers included: Axis Bank 0.92 per cent lower at Rs. 687.65; Kotak Bank 0.86 per cent lower at Rs.1895.05; HCL Technologies 0.58 per cent lower at Rs. 1161.50 and Tech Mahindra 0.54 per cent lower at Rs. 1602.60.
Asian Paints surged 3.25 per cent to Rs. 3281.90. While there was a selling pressure in the private sector banks, public sector banks posted smart gains. State Bank of India fell 1.25 per cent to Rs. 494.70. Other major gainers included: Mahindra & Mahindra 1.02 per cent higher at Rs. 859.70; TCS 0.91 per cent higher at Rs. 3636.55; Bajaj Finserv 0.69 per cent higher at Rs. 17716.80 and ICICI Bank 0.36 per cent higher at Rs. 758.
Ace investor Rakesh Jhunjhunwala promoted Star Health and Allied Insurance Company made a weak debut at the stock exchange on Friday. The company’s share got listed at the Bombay Stock Exchange Rs. 848.80, around 6 per cent lower than its issue price of Rs. 900 per share.
At the National Stock Exchange (NSE) the trading opened at even lower at Rs. 845. However, the scrip ended the day Rs. 906.85, which is 6.84 per cent higher than the listing price and 0.76 per cent higher than the issue price.

Sensex closes higher for 3rd straight day; ITC surges 4.6%

Mumbai (India): The Indian equities markets closed in the positive for the third straight day with benchmark Sensex gaining 157 points in volatile trading on Thursday. The broader Nifty 50 gained 47 points.
Strong buying support in heavyweights like ITC, Reliance Industries, and Larsen & Toubro led the rally at the market. ITC jumped 4.60 per cent to Rs.235.30 after the company announced that it would hold its ‘Institutional Investors and Financial Analysts Day’ on December 14. Larsen & Toubro soared 3.06 per cent to Rs.1879.70. After two successive sessions of strong rally, the market witnessed volatile trading. The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened 181 points higher at 58,831.41 points and touched a high of 58,890 points in the early trade. However, the profit booking dragged Sensex down 549 points from the day’s high.
The Sensex ended the day at 58,807.13 points, 0.27 per cent or 157.45 points higher than the previous day’s close of 58,649.68 points. The benchmark index touched a high of 58,889.96 points and a low of 58,340.85 points in the intra-day. This is the third straight day of smart gains in the benchmark index. The Sensex had gained 1016 points and 886 points respectively in the last two sessions.
The broader Nifty 50 of the National Stock Exchange (NSE) closed 47.10 points or 0.27 per cent higher at 17,516.85 points after witnessing volatile trading. The Nifty 50 touched a high of 17,543.25 points and low of 17,379.60 points in the intra-day.
Half of the 30 indices that are part of the Sensex closed in the positive while the other half ended the day in the red. Major gainers included ITC 4.60 per cent higher at Rs.235.30; Larsen & Toubro 3.06 per cent higher at Rs.1879.70; Asian Paints 2.23 per cent higher at Rs.3178.60; Reliance Industries 1.59 per cent higher at Rs.2455.85; Mahindra & Mahindra 1.24 per cent higher at Rs.851.05 and Bajaj Finance 1.03 per cent higher at Rs.7439.35.
Half of the Sensex stocks closed in the red. HDFC Bank slumped 1.67 per cent to Rs.1527.50; Titan fell 1.32 per cent to Rs.2373.45. Other major Sensex losers include Nestle India 0.99 per cent lower at Rs.19283; NTPC 0.94 per cent lower at Rs.126.10; Power Grid 0.83 per cent lower at Rs.203.15 and TCS 0.63 per cent lower at Rs.3603.60.

Equity indices open in red, Sensex down by 84 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Thursday with Sensex down by 84.08 points and Nifty down by 153.20 points.
The 30-scrip BSE Sensex was down by 84.08 points or 0.14 per cent at 58565.60 at 9.34 am. Similarly, 50-scrip NSE Nifty was trading at 37131.50 at 9.34 am, down by 153.20 points or 0.41 per cent.
On the Sensex, the sectors which are trading high are energy and healthcare sector, while the banking sector is trading low.

Indian equities rally for 2nd day; Sensex surges 1016 points

Mumbai [India]: Broad-based buying support continued in the Indian equities markets for the second successive day on Wednesday with benchmark indices Sensex and Nifty 50 surging close to two per cent sidestepping Omicron worries.
The 30-stock S&P BSE Sensex of the Bombay Stock Exchange opened at a bullish note at 58,158.56 points and surged to a high of 58,702.65 points in the intra-day trade. The benchmark Sensex closed at 58,649.68 points, 1.76 per cent or 1016.03 points higher than its previous day close of 57,633.65 points. This is the second consecutive day of the rally in the Indian equities markets. The Sensex had surged 886 points on Tuesday. The markets have risen sharply sidestepping Omicron’s worries. The benchmark Sensex had slumped 1,715 points or 2.9 per cent in two sessions preceding December 7. In the last two days, the index has more than recovered the loss.
The Reserve Bank of India (RBI) dovish tone on policy rates gave strong support to the equities markets. In the bi-monthly policy review on Wednesday, the RBI decided to keep the policy repo rate unchanged at 4 per cent. The central bank also maintained the status quo on other policy rates. The reverse repo rate is kept unchanged at 3.35 per cent. Marginal Standing Facility (MSF) rate is also kept unchanged at 4.25 per cent.
Buying was broad-based. Only two of the 30 Sensex scrips closed in the red. There was strong buying support in auto, metal, banking and financial stocks. Bajaj Finance soared 3.67 per cent to Rs.7363.45. Maruti Suzuki India, State Bank of India and Bajaj Finserv also jumped more than three per cent. Asian Paints, which was the only Sensex scrip to close in the red on Tuesday, soared 2.57 per cent to Rs.3109.20.
The broader Nifty 50 of the National Stock Exchange (NSE) jumped 293.05 points or 1.71 per cent to 17,469.75 points. The Nifty 50 had gained 1.56 per cent or 264.45 points on Tuesday.

Stock Market: Indices open in green, Sensex rises by 123 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Thursday with Sensex up by 123.84 points and Nifty up by 38.60 points.
The 30-scrip BSE Sensex was up by 123.84 points or 0.21 per cent at 57808.63 at 9.18 am. Similarly, 50-scrip NSE Nifty was trading at 17205.50 at 9.18 am, up by 38.60 points or 0.22 per cent.
On the Sensex, the sectors which are trading high are consumer durables and power, while the banking sector is trading low.

Equity indices fall by nearly 3 pc; realty, metal drags Sensex to 1687.94 pts

Mumbai (Maharashtra) [India]: As concerns of a new coronavirus variant surface, the key equity indices fall by nearly 3 per cent each on Thursday, leaving the Indian markets bleeding.
At the closing bell, the BSE S&P Sensex slumped to 1687.94 points or 2.87 per cent, while the Nifty 50 dropped by 509.80 points or 2.91 per cent. Just a day after the markets revived, the renewed threat of COVID, losses in Asian stocks, plummeted realty and metal sectors are among a few factors leading to the major crash.
While all sectors witnessed significant losses, only the healthcare sector managed to gain with 1.18 per cent. The sectors facing major losses, other than realty and metal are auto and basic materials.
Among stocks, the top gainer was Dr Reddys Labs which surged 3.32 per cent to Rs 4,744.90 per share, followed by Nestle up by 0.35 per cent to Rs 19,255 per share, and Asian Paints with a minimal surge of 0.01 per cent to Rs 3,143.90 per share.
Meanwhile, IndusInd Bank cracked by 6.01 per cent, followed by Maruti Suzuki down by 5.27 per cent and Tata Steel by 5.23 per cent.

SENSEX Down by over 1600 points, panic in markets

The Indian equity benchmarks suffered their worst single-day drop since April 12 on Friday on weak global cues after investor sentiment was dented by detection of a new and possibly vaccine-resistant coronavirus variant. The Sensex fell as much as 1,801 points or 3 per cent and Nifty 50 index briefly dropped below its important psychological level of 17,000 to hit an intraday low of 16,985. Both the benchmarks fell to their lowest level in three month

The Sensex fell 1,688 points or 2.87 per cent to close at 57,107 and Nifty 50 index dropped 510 points or 2.9 per cent to end at 17,026.

Global stocks tumbled on Friday and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and the Swiss franc.

European stocks plunged 2.7 per cent, on track for their worst day since September 2020, with travel and leisure stocks particularly badly hit.

Equity benchmark indices close in green; Sensex up by 454 points as energy sector gains

Mumbai (Maharashtra) [India]: Indian equity market closed on a positive note on Thursday as the energy and realty sector shares gained.
At the closing bell, the BSE S&P Sensex was up by 454.10 points or 0.78 per cent, while the Nifty 50 gained by 121.30 points or 0.70 per cent. In BSE Sensex the sectors that saw maximum gain were the energy sector that was up by 4.47 per cent, the realty sector that was up by 1.86 per cent, the healthcare sector that was up by 1.53 and the telecom sector was up by 1.51 per cent.
Among stocks, the top gainer was Reliance, which surged 6.10 per cent to Rs 2,494.40, followed by ITC up by 1.49 per cent to Rs 231.30 per share.
Infosys, Tech Mahindra and Kotak Mahindra also traded with a positive bias today.
Meanwhile, IndusInd Bank cracked by 1.27 per cent, Maruti Suzuki was down by 1.23 per cent and ICICI Bank by 1.22 per cent.

Equity indices open in green, Sensex up by 69 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Wednesday with Sensex up by 69.28 points and Nifty up by 29.30 points.
The 30-scrip BSE Sensex was up by 0.12 per cent at 58733.61 at 9.20 am. Similarly, 50-scrip NSE Nifty was trading at 17532.60 at 9.20 am, up by 29.30 points or 0.17 per cent.
On the Sensex, the sectors which were trading high with maximum gain are realty sector at 1.08 and power at 1.07.

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 traded with a positive bias today.
Meanwhile, IndusInd Bank cracked by 2.59 per cent, Asian Paints was down by 2.35 per cent and Infosys by 1.49 per cent.

Equity benchmark indices close in red; Sensex tanks 1,170 pts, Nifty slips below 17,500

Mumbai (Maharashtra) [India] : Stock markets witnessed a bloodbath since the opening on Monday, with the benchmark index continuing the downside move throughout the day and crashing by almost 2 per cent at the closing bell.
At the closing bell, the BSE S&P Sensex was down by 1170.12 points or 1.96 per cent at 58465.89, while the Nifty 50 dropped by 348.30 points or 1.96 per cent at 17416.50. In BSE Sensex, the sectors which plummeted the most were the energy sector with a decline of 3.99 per cent, consumer durables with 3.22 per cent, the auto sector with 3.07 per cent, and oil and gas with 3.00 per cent.
The only sectors that gained were Telecom by 2.92 per cent and metal by 0.07 per cent.
Among stocks, the top gainer was Bharti Airtel which surged 3.90 per cent to Rs 742.05 per share, followed by Asian Paints up by 1.14 per cent to Rs 3,263 per share, and Power Grid Corp up by 0.99 per cent to Rs 194.25 per share.
Meanwhile, Bajaj Finance cracked by 5.74 per cent, followed by Bajaj Finserv down by 4.69 per cent, Reliance down by 4.42 per cent and NTPC down by 3.73 per cent.

Mirae Asset Mutual Fund launches ETF scheme replicating Hang Seng TECH Index

Mumbai (Maharashtra) [India] : Mirae Asset Mutual Fund, one of the fastest growing fund houses in India which invests in the equities and debt segments, today announced the launch of ‘Mirae Asset Hang Seng TECH ETF’, an open-ended scheme replicating/tracking Hang Seng TECH Total Return Index and the ‘Mirae Asset Hang Seng TECH ETF Fund of Funds’, an open-ended fund of fund scheme predominantly investing in units of Mirae Asset Hang Seng TECH ETF.
The NFO for both the funds will open for subscription on November 17, 2021. While the Mirae Asset Hang Seng TECH ETF will close on November 29, 2021 & the Mirae Asset Hang Seng TECH ETF Fund of Fund will close on December 1, 2021. The Mirae Asset Hang Seng TECH ETF will be managed by Siddharth Srivastava, while the Mirae Asset Hang Seng TECH ETF Fund of Fund will be managed by Ekta Gala. The Mirae Asset Hang Seng TECH ETF Fund of Fund will also offer investors the options for a Regular Plan and Direct Plan with Growth Option.
The minimum initial investment in both the schemes will be Rs 5,000 and multiples of Re 1 thereafter.
Key Highlights:
Provides exposure to 30 largest Tech-centric Chinese companies listed on Hong Kong Stock Exchange
Market Cap of US$1.8 Tn, exceeding Market Cap of all BSE Sensex Index companies by 15%, and Revenue of US$463 Bn, exceeding Combined Revenue of all BSE Sensex 30 Companies by 15%
Portfolio aims to provide exposure to multiple tech themes including Cloud, AI, IOT etc. Hang Seng TECH Index has outperformed Nifty50 Index in 5 out of 7 calendar years with significant outperformance in 2019 and 2020 but underperformance in 2018 and 2021 YTD. With recent corrections, the China market may provide an attractive investment opportunity at lower valuations. Hang Seng TECH Index is currently trading at 38% discount to its historical average
Tech and Digital Economy has paved its way toward contributing to the China’s overall GDP exponentially. It is expected to contribute significantly in the coming years to the country’s GDP.
China is now ranked 2nd in terms of facilitating number of unicorn companies across the globe with major focus on consumer driven technology companies
The Hang Seng TECH Index may provide Indian investors with the opportunity to get exposure in innovation leaders from a wide range of sectors such as Semiconductors, Software, IoT, Gaming, Industrial Automation, Autonomous Vehicles, Healthcare, IT, E-commerce, FinTech, Online Travel etc.
“This is the Asian century with China being one of the dominant economies, with a focus on achieving major breakthroughs in core technologies such as AI, semiconductors, cloud computing, and other key areas for its future growth. The recent correction in Hang Seng TECH Index may provide Indian investors an attractive opportunity to diversify and get exposure in the growing digital economy of China,” said Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.

Equity benchmark indices close in red; metals, auto drag Sensex down by 433 points

Mumbai (Maharashtra) [India]: The key equity indices had a volatile day on Thursday. The market opened in the green, but the benchmark index continued the downside move throughout and all the sectors ended in the red at the closing bell.
At the closing bell, the BSE S&P Sensex was down by 433.05 points or 0.72 per cent, while the Nifty 50 dropped by 133.90 points or 0.75 per cent. In BSE Sensex, the sectors which plummeted the most were the metal sector with a decline of 2.76 per cent, the auto sector with 2.32 per cent, and the capital goods with 1.89 per cent.
Among stocks, the top gainer was State Bank of India (SBI) which surged 1.16 per cent to Rs 503.95 per share, followed by Power Grid Corp up by 0.63 per cent to Rs 192.35 per share. HDFC Bank, Reliance, and ICICI Bank too traded with a positive bias.
Meanwhile, Mahindra and Mahindra (M&M) cracked by 3.28 per cent, followed by Tech Mahindra down by 3.19 per cent and HCL Tech by 2.88 per cent.

Equity indices open in red, Sensex down by 150 points

Mumbai (Maharashtra) [India]: Equity indices opened in red on Wednesday with Sensex down by 149.92 points and Nifty down by 42.10 points.
The 30-scrip BSE Sensex was down by 149.92 points or 0.25 per cent at 60172.45 at 9.35 am. Similarly, 50-scrip NSE Nifty was trading at 17957.10 at 9.35 am, down by 42.10 points or 0.23 per cent.
On the Sensex, the sectors which are trading high are auto, and power, while the realty and energy sector are trading low.

Equity indices open in green, Sensex up by 278 points

Mumbai (Maharashtra) [India]: Equity indices opened in green on Monday with Sensex up by 278.49 points and Nifty up by 87.90 points.
The 30-scrip BSE Sensex was up by 0.46 per cent at 60965.18 at 9.46 am. Similarly, 50-scrip NSE Nifty was trading at 18190.70 at 9.46 am, up by 87.90 points or 0.49 per cent.
On the Sensex, the sectors which were trading high with maximum gain are Healthcare at 1.27 and oil and gas at 0.85.

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 also traded with a positive bias today
Meanwhile, State Bank of India (SBI) cracked by 2.83 per cent, followed by Bajaj Finserv down by 2.42 per cent and Tech Mahindra by 2.26 per cent.

Equity benchmark indices close in red, Sensex down by 112 points

Mumbai (Maharashtra) [India] : Indian equity market closed in red on Tuesday as the metal and consumer durables sector shares plummeted.
At the closing bell, the BSE S&P Sensex was down by 112.16 points or 0.19 per cent, while the Nifty 50 dropped by 24.20 points or 0.13 per cent. In BSE Sensex, the sectors which plummeted were the metal sector with a decline of 0.81 per cent, the consumer durables sector with 0.52 per cent, and the finance sector with 0.48 per cent.
Among the gainers for the day were the industrials sector with 1.32 per cent and the auto sector with 1.28 per cent.
Among stocks, the top gainer was Mahindra & Mahindra (M&M), which surged 3.92 per cent to Rs 892.90 per share, followed by Larsen & Toubro up by 1.18 per cent to Rs 1,946.85 per share. State Bank of India, ICICI Bank and Reliance too traded with a positive bias.
Meanwhile, HDFC Bank cracked by 1.82 per cent, followed by HDFC down by 1.44 per cent and Maruti Suzuki by 1.42 per cent.

Equity indices volatile, Sensex down by 38.10 points

Mumbai (Maharashtra) [India] : Equity indices had a volatile opening on Tuesday with Sensex down by 38.10 points and Nifty up by 1.70 points.
The 30-scrip BSE Sensex was up by 38.10 points or 0.06 per cent at 60507.51 at 9.28 am. Similarly, 50-scrip NSE Nifty was trading at 18070.20 at 9.28 am, up by 1.70 points or 0.01 per cent.
On the Sensex, the sectors which are trading high are healthcare and auto capital goods, while the finance sector and banking Sectors are trading low.

Equity benchmark indices close in green, Sensex gains 478 points

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Monday as the oil and gas and consumer durables sector shares gained.
At the closing bell, the BSE S&P Sensex was up by 477.99 points or 0.80 per cent, while the Nifty 50 gained by 151.70 points or 0.85 per cent. In BSE Sensex the sectors, which gained were the oil and gas sector and the consumer durables sector, while the sector that plummeted was healthcare.
Among stocks, the top contributor was the Titan company, which surged 4.29 per cent to Rs 2,536.90 per share, followed by Ultra Tech Cement at a surge of 4.20 per cent to Rs 8,208 per share. Bajaj Finserv, Tech Mahindra and Kotak Mahindra too traded with a positive bias.
However, IndusInd Bank cracked by 10.71 per cent, followed by Mahindra & Mahindra (M&M) down by 1.57 per cent and State Bank of India (SBI) by 1.38 per cent.

Equity benchmark indices close in red again; Sensex plummets 677.77 points

Mumbai (Maharashtra) [India]: The Indian equity market closed in the red on Friday as the energy and information technology shares plunged.
At the closing bell, the BSE S&P Sensex was down by 677.77 points or 1.13 per cent, while the Nifty 50 dropped by 185.60 points or 1.40 per cent. In BSE Sensex the sectors, which plummeted were the energy sector with a decline of 1.90 per cent, the information technology sector with 1.60 per cent, TECK with 1.35 per cent and banking with 1.12 per cent.
Among the gainer for the day were the basic materials sector with 0.55 per cent and realty with 0.53 per cent.
Among stocks, the top gainer was UltraTech Cement, which surged 2.61 per cent to Rs 7,632.75 per share, followed by Dr Reddys Labs up by 2.21 per cent to Rs 4,670.05 per share. Maruti Suzuki, Tata Steel and Titan Company too traded with a positive bias.
Meanwhile, Tech Mahindra cracked by 3.53 per cent, followed by NTPC down by 3.05 per cent and Induslnd Bank by 2.62 per cent.

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 by 4.39 per cent and Kotak Mahindra by 4.05 per cent.

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 by 6.52 per cent, followed by Bajaj Finance down by 4.70 per cent and Bajaj Finserv by 1.85 per cent.

Equity benchmark indices close in green as realty stocks skyrocket

Mumbai (Maharashtra) [India] : The Indian equity market closed in the green on Tuesday as the realty and metal sector shares gain.
At the closing bell, the BSE S&P Sensex was up by 383.21 points or 0.63 per cent, while the Nifty 50 gained by 143.00 points or 0.79 per cent. In BSE Sensex the sectors, which gained were the realty sector with a surge of 3.40 per cent and the metal sector with 2.89 per cent. All sectors managed to stay afloat today.
Among stocks, the top contributor was Tata Steel, which surged 3.92 per cent to Rs 1,345.25 per share, followed by the company Titan at a surge of 3.20 per cent to Rs 2,456.80 per share. Nestle, Bajaj Finance, and Tech Mahindra too traded with a positive bias.

However, IndusInd Bank cracked by 1.92 per cent, followed by ICICI Bank down by 1.43 per cent and Power Grid Corp by 1.30 per cent. 

Sensex, Nifty snap 4-day losing streak, close in green

Mumbai (Maharashtra) [India]: Indian equity market closed in the green on Monday, snapping the four-day losing streak as the banking and finance sector shares gained.
At the closing bell, the BSE S&P Sensex was up by 145.43 points or 0.24 per cent, while the Nifty 50 gained by 10.50 points or 0.06 per cent. In BSE Sensex the sectors, which gained were the banking sector and the finance sector, while those plummeted were the realty sector and the consumer discretionary goods and services sector.
Among stocks, the top contributor was ICICI Bank, which surged 10.85 per cent to Rs 841.70 per share, followed by Axis Bank at a surge of 3.48 per cent to Rs 845.10 per share. Dr Reddy’s Laboratories, State Bank of India (SBI), and Mahindra & Mahindra (M&M) too traded with a positive bias.
However, Bajaj Finserv cracked by 3.04 per cent, followed by Bajaj Auto down by 2.73 per cent and HCL Tech by 2.36 per cent.

Equity indices open in the green, Sensex up

Mumbai (Maharashtra) [India] : Equity benchmark indices opened in the green on Tuesday at a record high with Sensex up by 382.31 points and Nifty up by 108 points.
At 9:30 am, the 30-scrip BSE Sensex was up by 382.31 points or 0.62 per cent at 62147.90. Similarly, 50-scrip NSE Nifty was trading at 18585.00, at 9:30 am, up by 108 points or 0.58 per cent.

Sensex closes above 60K mark for first time, Nifty nears 18K

Mumbai (Maharashtra) [India]: Equity benchmark indices closed at new record highs on Friday led by gains in IT and realty scrips.
Market analysts said domestic sentiments are buoyant as demand is coming back to normalcy faster than expected. Ashishkumar Chauhan, Managing Director and CEO of BSE Ltd, said the Sensex reaching 60,000 today first time ever is an indicator of India’s growth potential.
“Indian markets are considered the best performing markets world over in last 18 months of COVID period due to astute policies and implementation of government, private sector and everyone else involved,” he said.
At the closing bell, the BSE S&P Sensex was up by 163 points or 0.27 per cent at 60,048 while the Nifty 50 gained by 30 points or 0.17 per cent to 17,853.
Sectoral indices were mixed with Nifty realty gaining by 1.5 per cent and IT by 0.8 per cent.
Among stocks, realty major DLF Ltd surged 2.1 per cent to Rs 410.60 per share while Asian Paints moved up 3.7 per cent and Eicher Motors by 3 per cent.
HCL Technology advanced by 2.3 per cent, Infosys by 1.2 per cent and Wipro by 0.3 per cent. Bharti Airtel, Maruti Suzuki, HDFC Bank and ICICI Bank too traded with a positive bias.
However, Tata Steel cracked by 3.9 per cent and JSW Steel by 2.6 per cent. Hindalco, Tata Motors, Axis Bank, ITC and Adani Ports lost by over 1 per cent.
Meanwhile, Asian shares were mixed. Japan’s Nikkei was up 2.06 per cent while Hong Kong shares fell as Evergrande missing interest payment sparked jitters.
South Korea’s Kospi was at near-flat levels.

Sensex hits 60K mark for first time, IT scrips zoom

Mumbai (Maharashtra) [India]: Strong gains in IT and banking counters led equity benchmark indices to record new highs during early hours on Friday.
Market analysts said domestic sentiments are buoyant as demand is coming back to normalcy faster than expected. At 10:15 am, the BSE S&P Sensex was up by 243 points or 0.41 per cent at 60,128 while the Nifty 50 gained by 65 points or 0.37 per cent to 17,888.
Sectoral indices were mixed with Nifty IT gaining by 2.2 per cent and realty by 1.4 per cent.
Among stocks, HCL Technologies surged 3.4 per cent to Rs 1,373 per share while Wipro moved up 2.3 per cent and Infosys by 2.1 per cent.
The other prominent winners were Asian Paints, Grasim, Bharti Airtel, Nestle India and Britannia.
However, metal stocks like JSW Steel, Tata Steel and Hindalco traded with a negative bias on profit booking.
Meanwhile, Asian shares were mixed. Japan’s Nikkei was up 2.03 per cent on easing woes over Evergrande crisis spilling beyond China.
Hong Kong shares and South Korea’s Kospi were at near-flat levels.

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 lenders witnessed handsome gains with Axis Bank advancing by 3.1 per cent, IndusInd Bank by 2.7 per cent, HDFC Bank by 2.5 per cent and Kotak Mahindra Bank by 1.9 per cent.
However, the laggards included Nestle India, Britannia, Hindustan Lever, ITC, Dr Reddy’s, Sun Pharma, JSW Steel and HDFC Life.
Meanwhile, Asian shares were mixed despite some positive news from struggling developer China Evergrande Group.
Hong Kong shares climbed 1.19 per cent but Japan’s Nikkei was down 0.67 per cent while South Korea’s Kospi fell 0.41 per cent.

Sensex hits record high of 57,764; Nifty rallies over 200 points to trade above 17,750

Sensex rallied over 775 points to hit a record high of 57,758.82 amid a positive trend in global markets. Nifty surged more than 230 points or over 1.31 per cent to sit above 17,750.

Mumbai, India, September 23 : Equity benchmark Sensex rallied over 775 points to hit a record high of 57,758.82 amid a positive trend in global markets after the US Federal Reserve hinted that it may begin easing its extraordinary support measures for the economy later this year.

The 30-share Sensex was trading above 59,700 (1.30 per cent high from the previous closing of 58,927).

Similarly, Nifty surged more than 230 points or over 1.31 per cent to sit above 17,750. It touched a high of 17,781.60 in the intraday trade till 1 PM.

In the previous session, the 30-share index slipped 77.94 points or 0.13 per cent to close at 58,927.33, and Nifty declined 15.35 points or 0.09 per cent to 17,546.65.

Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,943.26 crore on Wednesday, as per provisional exchange data.

US stocks finished sharply higher in the overnight session after the Federal Reserve’s decision to keep its massive USD 120 billion monthly asset purchase programme intact to support the economy, said Binod Modi Head-Strategy at Reliance Securities. 

The Federal Reserve Chair Jerome Powell said the Fed plans to announce as early as November that it will start to taper its monthly bond purchases, should the job market maintain its steady improvement.

“Powell indicated that the Central Bank may announce a pullback of its asset purchase programme in the November policy meeting and could start to raise interest rates in 2022, which was largely expected by markets. In our view, investors may continue to take comfort out of the FOMC meeting in the context that there is no final time frame yet to cut or stop asset purchase programmes,” he noted.

Domestic equities look to be good as of now, he said, adding that favourable outcome from FOMC meeting and visible ease of rising concerns from possible defaults from Evergrande should essentially offer comfort to global markets.

Sensex jumps 514 points led by metal, realty stocks

Equity benchmark indices rose on Tuesday despite a volatile trading session with IT, metal and realty stocks gaining ground.

Mumbai (Maharashtra) [India], Sep 21 : At the closing bell, the BSE S&P Sensex was up by 514 points or 0.88 per cent at 59,005 while the Nifty 50 advanced by 165 points or 0.95 per cent to 17,562. Except for Nifty auto and PSU bank, all other sectoral indices were in the green with Nifty realty moving up by 3.6 per cent, metal by 2.5 per cent and IT by 1.9 per cent.
Among stocks, Godrej Properties jumped 4.9 per cent to Rs 1,725.25 per share while DLF Ltd gained 2.4 per cent to Rs 330.75.
Energy major ONGC rose by 5.2 per cent to Rs 135.15 per share. JSW Steel was up by 5.9 per cent, Tata Steel by 3.5 per cent and Hindalco by 1.5 per cent.
The other prominent gainers were Bajaj Finance, IndusInd Bank, Tech Mahindra, HCL Technologies, Infosys, Dr Reddy’s and Eicher Motors.
However, Maruti Suzuki, Hero MotoCorp and Bajaj Auto traded with a negative bias along with HDFC Bank, Axis Bank and FMCG major Britannia.
Meanwhile, Asian markets were in the red from the expected collapse of debt-plagued Chinese property giant Evergrande.
Japan’s Nikkei was down 2.17 per cent while Hong Kong shares stemmed early losses and were up 0.57 per cent. South Korea’s Kospi was up by 0.33 per cent

Equity indices flat, IT stocks surge

Equity frontline indices were largely flat during early hours on Tuesday with IT and realty stocks gaining ground despite weak global trends.

Mumbai (Maharashtra) [India], September 21 : At 10:15 am, the BSE S&P Sensex was down by 14 points or 0.02 per cent at 58,477 while the Nifty 50 lost by 2 points or 0.01 per cent to 17,395. Sectoral indices were mixed with Nifty realty advancing by 3.3 per cent and FMCG by 0.5 per cent. But Nifty auto fell by 0.9 per cent and metal by 0.5 per cent.
Among stocks, Godrej Properties jumped 6.5 per cent to Rs 106.35 per share while DLF Ltd gained 1.73 per cent.
Energy major ONGC rose by 3 per cent to Rs 132.50 per share and Coal India was up by 1.2 per cent. The other prominent gainers were HCL Technologies, Infosys, Reliance Industries, Hindustan Unilever and JSW Steel.
However, Maruti Suzuki, Tata Motors, Hero MotoCorp and Bajaj Auto traded with a negative bias.
Meanwhile, Asian markets were in the red from the expected collapse of debt-plagued Chinese property giant Evergrande.
Japan’s Nikkei was down 1.87 per cent while Hong Kong shares stemmed early losses but were still 0.32 per cent lower. South Korea’s Kospi was up by 0.33 per cent.

Sensex closes above 59K mark, Vodafone spurts 26 pc

Key equity indicators scaled fresh highs on Thursday as several government incentives to industries boosted investor morale.

Mumbai (Maharashtra) [India], Sep 16 : Market analysts said yesterday’s package for telecom industry and PLI scheme for autos indicate the government is on a fast-forward mode as far as reforms are concerned. At the closing bell, the BSE S&P Sensex was up by 418 points or 0.71 per cent at 59,141 while the Nifty 50 gained by 110 points or 0.63 per cent to 17,630.
Except for Nifty IT and metal which dipped by 0.6 per cent each, all sectoral indices were in the green with Nifty PSU bank ticking up by 5.4 per cent, private bank by 2.6 per cent and FMCG by 1.2 per cent.
Among stocks, Vodafone Idea surged by 26 per cent after the government announced a relief package for the sector.
IndusInd Bank advanced by 7.3 per cent to Rs 1,131 per share, Kotak Mahindra Bank by 1.8 per cent, ICICI Bank by 1.7 per cent and Axis Bank by 1.5 per cent.
State Bank of India rose by 4.7 per cent to close at Rs 465 per share while index heavyweight surged 1.9 per cent to Rs 2,424.
FMCG major ITC jumped by 6.6 per cent to close at Rs 230.30. But among those which lost were Grasim, Bharti Airtel, Tata Steel, JSW Steel, Tata Consultancy Services and Wipro.
Meanwhile, Asian shares gave up early gains to fall again on Thursday, weighed by declines in China and Hong Kong.
MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.45 per cent while Japan’s Nikkei shed 0.62 per cent on profit booking after the recent rally.
Hong Kong benchmark fell 1.46 per cent with property names continuing to drag. South Korean stocks dipped 0.74 per cent to end a four-day rally as tech heavyweights slid.

Sensex above 58,000K, RIL gains 2.8 pc

Mumbai (Maharashtra) [India], September 6 : Equity benchmark indices extended their bull run during early hours on Monday with auto stocks leading the rally.
At 10:15 am, the BSE S&P Sensex was up by 253 points or 0.44 per cent at 58,383 while the Nifty 50 rose by 67 points or 0.39 per cent to 17,391. Sectoral indices were mixed with Nifty auto and realty up by 0.6 per cent. But Nifty financial service, metal and pharma were in the negative zone.
Among stocks, Reliance Industries moved up by 2.8 per cent to Rs 2,456.90 per share while Grasim rose by 2.9 per cent.
The other major gainers were Bajaj Auto, Eicher Motors, Hero MotoCorp, Maruti Suzuki, Tata Motors. But Tata Steel, JSW Steel, IndianOil Corporation, Power Grid Corporation and Asian Paints traded with a negative bias.
Meanwhile, Asian shares edged higher as a disappointing US payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.
A holiday in the United States made for thin conditions and kept MSCI’s broadest index of Asia Pacific shares outside Japan to a small gain of 0.2 per cent.
Japan’s Nikkei added 1.7 per cent, extending a rally on hopes a new prime minister there would bring added fiscal stimulus.

Sensex ends at fresh lifetime high of 56,889 points; Nifty at 16,931

Equity benchmark Sensex rallied over 765 points to finish above the 56,000-mark for the first time on Monday.

Mumbai, India, August 30 : Equity benchmark Sensex rallied over 765 points to finish above the 56,000-mark for the first time on Monday, driven by gains in index heavyweights Reliance Industries, ICICI Bank and Axis Bank amid a positive trend in global markets. After touching a record high of 56,527.81 during the day, the 30-share BSE index ended 765.04 points or 1.36 per cent up at 56,889.76.

Similarly, the broader NSE Nifty surged 225.85 points or 1.35 per cent to finish at a record high of 16,931.05. It touched an all-time intra-day high of 16,951.50.

Bharti Airtel was the top gainer in the Sensex pack, rallying over 4 per cent, followed by Axis Bank, Tata Steel, Titan, Maruti and Bajaj Finance. On the other hand, Tech Mahindra, Nestle India, Infosys and TCS were the laggards.

“Domestic equities skyrocketed on strong global cues with benchmark Nifty is just one notch away to surpass 17,000 mark,” said Binod Modi, Head-Strategy at Reliance Securities.

Dovish commentary from US Federal Reserve chairman in Jackson Hole Symposium lifted investors’ sentiments globally, he noted.

Financial and metals witnessed sharp recovery. Barring IT, most key sectoral indices traded in green with decent rebound. Strong buying in midcap and smallcap stocks continued as recent correction made risk reward propositions favourable for investors, Modi said.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with gains. Equities in Europe were also trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude slipped 0.20 per cent to USD 71.56 per barrel.

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 Finserv and Sun Pharma. However, selling in Infosys, IndusInd Bank, M& M and Nestle India restricted from further gains, broker informed.

The Mid Cap rose by 1.04 pc and Small Cap by 0.93 pc.

In 30 scrips, 20 advanced while 10 declined.

Asian market was seen up today, as Taiwan Weighted by 0.84 pc, Set Composite by 0.58 pc and Shanghai Composite by 0.59 pc.

Sensex gains 226 points, IT scrips shine but autos drag

Mumbai (Maharashtra) [India]: Equity frontline indices traded firm on Monday led by gains in IT and financial stocks.
At the closing bell, the BSE S&P Sensex was up by 226 points or 0.41 per cent at 55,556 while the Nifty 50 rose by 46 points or 0.28 per cent to 16,496. Ironically, most sectoral indices closed in the red except for Nifty IT which rose by 1.7 per cent and financial service which gained by 0.4 per cent.
Nifty auto was down by 1.5 per cent, realty by 1 per cent, metal by 0.8 per cent and PSU bank by 0.5 per cent.
Among stocks, HCL Technologies advanced by 4.2 per cent to Rs 1,165 per share after the company said it has signed a contract with reinsurer Munich Re to create a next-generation digital workplace for its workforce.
Tata Consultancy Services rose by 2.1 per cent, Wipro by 1.3 per cent, Tech Mahindra by 1.1 per cent and Infosys by 0.3 per cent.
The other prominent gainers were Nestle India, Bajaj Finserv, Bajaj Finance, Hindalco, Kotak Mahindra Bank and Hindustan Unilever.
However, cement manufacturer Grasim fell by 3.1 per cent to close at Rs 1,438 per share. Eicher Motors, Hero MotoCorp, Bajaj Auto, Tata Motors, Adani Ports and UltraTech Cement too traded with a negative bias.
Meanwhile, Asian share markets tried to pick up the pieces following last week’s thrashing as coronavirus concerns showed little sign of abating.
Japan’s Nikkei lifted up by 1.78 per cent from 8-month lows as bargain-hunters propped auto shares. Hong Kong shares were higher by 1.05 per cent as tech and healthcare stocks gained.
South Korea’s Kospi rose by 0.97 per cent after positive exports data and tech gains.

Sensex down 300 points, Tata Steel cracks 8.8 pc

Mumbai (Maharashtra) [India], Aug 20 : Equity benchmark indices closed over half a per cent lower on Friday with steel stocks being under selling pressure as a sharp plunge in iron ore futures across the world spooked investors.
Rampant spread of Covid-19 Delta variant and faltering global growth prospects too kept traders from investing heavily in riskier assets. At the closing bell, the BSE S&P Sensex was down by 300 points or 0.54 per cent at 55,329 while the Nifty 50 tumbled by 118 points or 0.71 per cent to 16,451.
Except for Nifty FMCG which rose by 2.8 per cent, all sectoral indices were in the negative terrain with Nifty metal plunging by 6.4 per cent, realty by 3.6 per cent, PSU bank by 3.4 per cent and auto by 1.6 per cent.
Among stocks, Tata Steel emerged as the worst performer with gains eroded by 8.8 per cent to Rs 1,367.70 per share.
JSW Steel lost by 7.2 per cent to close at Rs 684.45 while Hindalco was down by 5.8 per cent at Rs 402 per unit.
Agro-chemicals manufacturer UPL lost by 5 per cent, Tata Motors by 4 per cent, Adani Ports by 3.3 per cent, State Bank of India by 3.2 per cent and Dr Reddy’s by 3 per cent.
However, FMCG majors were on a high with Hindustan Unilever up by 4.8 per cent to close at Rs 2,686.05 per share.
Britannia rose by 4.1 per cent, Nestle India by 3.1 per cent, Asian Paints by 3.5 per cent, Bajaj Finance by 1.4 per cent and HDFC Bank by 0.08 per cent.
Meanwhile, Asian shares extended losses from the 2021 low set a day earlier. Hong Kong shares were lower by 1.84 per cent as tech stocks weighed.
Japan’s Nikkei was down by 0.98 per cent with investors eyeing increasing virus cases and South Korea’s Kospi fell by 1.2 per cent.

Sensex opens historic high at 56,073.31 pts

Mumbai, Aug 18: The BSE Sensex on Wednesday opened at a lifetime high, breaching 56K level at 56,073.31, rising by 281 pts as buying was seen across the board.

The Nifty too rose by 77 pts at 16,691.95.

The Sensex registered intra days high and low at 56,086.50 and 55,961.73 pts respectively.

The Nifty registered intra days high and low at 16,693 and 16,656.15 pts respectively.

The Mid Cap rose by 0.61 pc and the Small Cap by 0.24 pc.

In 30 scrips, 23 advanced, 6 declined while 1 declined.

The gainers were Ultracemco by 1.94 pc to Rs 7554.25, HDFC Bank by 1.73 pc to Rs 1541.05, Bajaj finance by 1.35 pc to Rs 6495.35, L& T by 1.17 pc to Rs 1657.30 and Bharti Airtel by 1.08 pc to Rs 633.05.

The losers were ICICI Bank by 0.46 pc to Rs 697.80, Kotak Bank by 0.40 pc to Rs 1780.85, IndusInd Bank by 0.26 pc to Rs 997.85, Maruti Suzuki by 0.26 pc to Rs 6870 and Titan by 0.20 pc to Rs 1870.05.

Sensex up 210 points, IT and FMCG stocks lead rally

Mumbai (Maharashtra) [India], Aug 17 : Equity benchmark indices fluctuated between gains and losses on Tuesday but closed in the green amid losses in Asian markets.
Investors, however, remained concerned about the outlook of domestic and global macroeconomic data after the spread of Covid-19 virus. At the closing bell, the BSE S&P Sensex was up by 210 points or 0.38 per cent at 55,792 while the Nifty 50 moved higher by 52 points or 0.31 per cent to 16,615.
Sectoral indices were mixed with Nifty IT surging by 2.3 per cent, FMCG by 1.4 per cent and pharma by 0.5 per cent. But Nifty PSU bank was down by 1.8 per cent, private bank by 0.8 per cent, realty by 0.7 per cent and finance service by 0.3 per cent.
Among stocks, Wipro advanced by 3.3 per cent to Rs 634.25 per share while Tech Mahindra was up by 3.5 per cent, Tata Consultancy Services by 2.1 per cent and Infosys by 1.9 per cent.
Tata Consumer Products jumped by 3.8 per cent, Hindustan Unilever by 2.4 per cent, Nestle India by 2.3 per cent, Titan by 1.2 per cent, Bajaj Auto by 1.5 per cent and Hero MotoCorp by 1.2 per cent.
However, among the laggards were JSW Steel, Adani Ports, Tata Motors, Coal India, IndusInd Bank and Bharti Airtel.
Meanwhile, Asian shares declined as growing anxiety over the spike in the Delta variant of Covid-19 infections and turmoil in Afghanistan eclipsed overnight strength on Wall Street.
Hong Kong’s Hang Seng index slipped by 1.66 per cent on China economy worries. South Korea’s Kospi was down by 0.89 while Japan’s Nikkei tumbled 0.36 per cent as virus worries outweighed upbeat earnings cheer.

Sensex above 55K mark, metals and banks surge

Equity frontline indices were on upward swing during early hours on Friday with metal and banking scrips showing substantial gains.

Mumbai (Maharashtra) [India], August 13 :
At 10:15 am, the BSE S&P Sensex was up by 229 points or 0.42 per cent at 55,073 while the Nifty 50 moved higher by 70 points or 0.43 per cent to 16,435. Except for Nifty pharma which dipped by 1.2 per cent and realty which was down marginally, all sectoral indices were in the positive terrain with Nifty metal up by 1 per cent, FMCG by 0.7 per cent and private bank by 0.4 per cent.
Among stocks, Bharat Petroleum Corporation gained by 1.9 per cent to Rs 456.80 per share. Hindalco was up by 1.4 per cent, Tata Steel and JSW Steel by 0.9 per cent each.
The other prominent gainers were HDFC Bank, ICICI Bank, HDFC, UPL, Asian Paints and Hindustan Unilever.
However, Eicher Motors dipped by 1.4 per cent despite reporting a consolidated profit after tax of Rs 237 crore for the quarter ended June on higher sales.
Hero MotoCorp, Cipla, Dr Reddy’s, Sun Pharma, Bharti Airtel and Bajaj Finance too lost on profit booking.
Meanwhile, most Asian equity markets continued to ignore record highs hit elsewhere in the world and fell in early trading.
South Korea’s Kospi slipped by 1.53 per cent and Hong Kong’s Hang Seng index by 0.68 per cent. Japan’s Nikkie crawled up by 0.02 per cent.

Sensex gains 318 points, Power Grid Corp up 6 pc

Mumbai (Maharashtra) [India], Aug 12 : Equity indices touched fresh record highs on Thursday with strong buying in PSU bank and IT stocks.
At the closing bell, the BSE S&P Sensex was up by 318 points or 0.58 per cent at 54,844 while the Nifty 50 ticked higher by 82 points or 0.5 per cent to 16,364. Except for Nifty pharma which dipped by 1.1 per cent, all sectoral indices were in the positive terrain with Nifty IT up by 1.7 per cent, PSU bank by 1.3 per cent, realty by 1.2 per cent and auto by 0.4 per cent.
Among stocks, Power Grid Corporation gained by 6 per cent to Rs 186.95 per share. Tech Mahindra advanced by 4.9 per cent, HCL Technologies by 2.6 per cent and Wipro by 0.7 per cent.
Tata Motors surged by 3.9 per cent, Larsen & Toubro by 2.7 per cent, ICICI Bank by 1.3 per cent, Hindalco by 0.8 per cent and Tata Steel by 0.7 per cent.
However, Eicher Motors lost by 4 per cent, Dr Reddy’s by 0.8 per cent, Cipla by 0.5 per cent and Nestle India by 0.2 per cent.
Meanwhile, Asian shares failed to follow a strong close on Wall Street with fears about the spread of Delta variant of coronavirus weighing on sentiment.
The Hong Kong benchmark fell 0.53 per cent as weak lending data fanned economic slowdown concerns.
Japan’s Nikkei slipped 0.2 per cent as chip stocks took hit from outlook worries and South Korean stocks slipped for sixth day by 0.38 per cent as chip shares dived.

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 cent. Tech Mahindra was up by 1.9 per cent, Infosys by 0.8 per cent and Tata Consultancy Services by 0.3 per cent.
Axis Bank, IndusInd Bank, ICICI Bank, Bajaj Finserv, Nestle India, Hindustan Unilever and Dr Reddy’s too were in the green.
However, metal stocks fell with Hindalco and JSW Steel losing by 1.6 per cent each and Tata Steel by 1.4 per cent. Tata Consumer Products lost by 1.9 per cent to close at Rs 765.90 per share.
Meanwhile, Asian shares wobbled amid sharp losses in gold and oil prices. Holidays in Tokyo and Singapore made for thin trading conditions. Japan’s Nikkei was shut but futures were trading just below Friday’s close.
Hong Kong stocks rose 0.4 per cent as banks and property shares gained. South Korea stocks slipped by 0.3 per cent for third day on virus worries.

Share Market: Sensex crosses 54K mark, HDFC top gainer

Mumbai (Maharashtra) [India]: Equity benchmark indices claimed fresh record peaks for the second consecutive day during early hours on Wednesday amid strong corporate earnings and ample liquidity in the system.

At 10:15 am, the BSE S&P Sensex was up by 446 points or 0.83 per cent at 54,270 while the Nifty 50 advanced by 120 points or 0.74 per cent to 16,251.
Except for Nifty FMCG, IT and realty which dipped marginally, all sectoral indices were in the positive terrain with Nifty financial service gaining by 1.4 per cent, private bank by 1 per cent and metal by 0.9 per cent.

Among stocks, home loan lender HDFC moved up by 3.7 per cent to Rs 2,649.40 per share. ICICI Bank was up by 2 per cent, Kotak Mahindra Bank by 1.6 per cent, HDFC Bank by 1.1 per cent and Axis Bank by 0.8 per cent.

Tata Steel gained by 1.9 per cent, JSW Steel by 0.9 per cent, Hindalco by 0.6 per cent, Reliance Industries by 1 per cent and Dr Reddy’s by 1.5 per cent.

However, Bharti Airtel dipped by 1.2 per cent, Tech Mahindra by 0.6 per cent, Nestle India by 0.4 per cent and Titan by 0.3 per cent.

Meanwhile, Asian shares advanced to one-week highs led largely by good US corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.

MSCI’s broadest index of Asia Pacific shares outside Japan climbed 0.1 per cent to the highest since July 26.

Japan’s Nikkei was in the red as were Chinese shares with the blue-chip index off 0.2 per cent. Hong Kong’s Hang Seng Index dipped 0.13 per cent on lingering worries about China’s tech crackdown as well as spiking coronavirus infections in the mainland.

Sensex jumps 364 points, realty and auto stocks spurt

Mumbai (Maharashtra) [India], Aug 2 : Equity benchmark indices closed 0.7 per cent higher on Monday tracking positive global cues as tensions around China’s regulatory crackdown eased and the US showed progress on its infrastructure plan.
The market mood was up as IHS Markit said India’s manufacturing activities are fast recovering from the pandemic induced slowdown in May and June. At the closing bell, the BSE S&P Sensex was up by 364 points or 0.69 per cent at 52,951 while the Nifty 50 moved higher by 122 points or 0.77 per cent to 15,885.
All sectoral indices were in the positive terrain with Nifty realty gaining by 4.8 per cent, auto by 1.3 per cent, IT by 1 per cent and PSU bank by 0.8 per cent.
Among stocks, DLF Ltd surged by over 4 per cent to Rs 351.80 per share while Godrej Properties was up by 3.1 per cent.
Titan advanced by 3.6 per cent, Eicher Motors and Adani Ports by 2.9 per cent each, Grasim by 2.5 per cent, Britannia by 2.3 per cent and ONGC by 1.8 per cent.
However, UPL lost by 2.2 per cent, Tata Steel 1.5 per cent, Bajaj Finserv by 0.6 per cent, Bajaj Finance by 0.4 per cent and HDFC Bank by 0.2 per cent.
Meanwhile, Asian shares were seeking a modicum of stability as Beijing’s regulatory crackdown continued to reverberate amid disappointing economic news.
Japan’s Nikkei bounced back 1.82 per cent as corporate earnings cheer offset virus worries. South Korea stocks ended 0.65 per cent higher on upbeat exports data while Hong Kong’s Hang Seng index moved up 1.06 per cent

Sensex up 397.04 points

Mumbai: Snapping a losing streak of last three sessions, the BSE Sensex on Tuesday bounced back by 397.94 points to close at 52,769.73 following gains in Bankex, Finance, Metal and Materials stocks.

While the Nifty too surged by 119.75 points to 15,812.35.

Sliding by 346 points in the last three sessions, the Sensex opened higher by 322 points to 52,694.89 and it remained in green throughout the session.

During the day, it rallied 434 points to 52,806.86, a day’s high, before closing at 52,769.73, up by 347.04 points from its previous close.

The Sensex registered day’s high and low at 52,806.86 and 52,545.68 points respectively.

The Nifty recorded day’s high and low at 15,820.80 and 15,744.60 points respectively.

The sectoral indices like Bankex, Finance, Materials, Metal and Oil and Gas stocks lifted the market.

In scrips, ICICI Bank was a top gainer, rising by 2.74 per cent to Rs 664 followed by HDFC, Axis Bank, Sun Pharma and NTPC.

The Mid Cap rose by 0.01 pc and the Small Cap by 0.46 per cent.

In 30 scrips, 22 advanced while eight declined.

Sensex declines 13.50 points

Mumbai : The BSE Sensex on Monday fell marginally by 13.50 points to settle at 52,372.69 as selling was seen in Technology, Power, IT and Oil and Gas stocks.
The Nifty rose marginally by 2.80 points to 15,692.60.
The Sensex registered day’s high and low at 52,700.51 and 52,208.96 points respectively.
The Nifty recorded day’s high and low at 15,789.20 sand 15,644.75 points respectively.

Sensex Surges Over 240 Points In Early Trade; Nifty Tops 15,770-Mark

Equity benchmark Sensex surged over 240 points in early trade on Monday, tracking gains in index majors ICICI Bank, TCS and Reliance Industries amid a firm trend in global markets.

The 30-share BSE index was trading 241.95 points or 0.46 per cent higher at 52,628.14 in initial deals, while the broader NSE Nifty advanced 81.65 points or 0.52 per cent to 15,771.45.

ICICI Bank was the top gainer in the Sensex pack, climbing nearly 2 per cent, followed by Maruti Suzuki, SBI, UltraTech Cement, IndusInd Bank and Tata Steel.

TCS and Reliance Industries rose up to 0.56 per cent in early trade.

On the other hand, Bajaj Finserv, HDFC Bank, Tech Mahindra and Hindustan Unilever were the laggards.

In the previous session, Sensex ended 182.75 points or 0.35 per cent lower at 52,386.19. The NSE Nifty dropped 38.10 points or 0.24 per cent to close at 15,689.80.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,124.65 crore on Friday, as per provisional exchange data.

Elsewhere in Asia, bourses in Shanghai, Seoul, Hong Kong and Tokyo were trading with significant gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude declined 0.19 per cent to USD 75.41 per barrel.

Sensex Drops Over 300 Points In Early Trade; Nifty Tests 15,650

Equity benchmark Sensex tumbled over 300 points in early trade on Friday, tracking losses in index majors Reliance Industries, HDFC twins and ICICI Bank amid a weak trend in global markets.

After dropping 340 points in the opening session, the 30-share BSE index was trading 282.08 points or 0.054 per cent lower at 52,286.86 in initial deals, while the broader NSE Nifty dropped 77.75 points or 0.49 per cent to 15,650.15.

Axis Bank was the top loser in the Sensex pack, shedding over 1 per cent, followed by IndusInd Bank, TCS, HDFC, ICICI Bank, Reliance Industries and Bajaj Auto.

On the other hand, Tata Steel, Bajaj Finserv, Dr Reddy’s, Sun Pharma and Titan were among the gainers.

In the previous session, Sensex ended 485.82 points or 0.92 per cent lower at 52,568.94, while Nifty dropped 151.75 points or 0.96 per cent to 15,727.90.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 554.92 crore on Thursday, as per provisional exchange data.

Domestic equities continue to look soft due to weak global cues as of now, said Binod Modi Head-Strategy at Reliance Securities. “While visible improvement in business momentum with ease of business curbs by states started offering comfort, the recent uptick in daily caseload and increasing positive rate could be a near term risk as we saw Japan imposed fresh restrictions in Tokyo yesterday,” he stated.

US stocks retreated in overnight trade as the weak tone across global equities on worries about a possible slowdown in recovery due to persistent supply bottlenecks and the spread of the delta variant weighed on sentiments.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading in the red in mid-session deals, while Hong Kong was positive.
Meanwhile, international oil benchmark Brent crude declined 0.04 per cent to USD 74.09 per barrel.

Equity Benchmarks Sensex And Nifty On A Slow Start Amid Weak Global Cues

Equity benchmarks Sensex and Nifty started on a choppy note on Thursday amid a negative trend in Asian peers.

The 30-share BSE index was trading 3.34 points or 0.01 per cent higher at 53,058.10 in initial deals, while the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 15,870.70.

Bajaj Auto was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Tech Mahindra, NTPC, IndusInd Bank, PowerGrid, M&M and HCL Tech.

On the other hand, UltraTech Cement, HUL, Sun Pharma and Nestle India were among the laggards.

In the previous session, Sensex climbed 193.58 points or 0.37 per cent to close at its fresh lifetime high of 53,054.76, and Nifty rose 61.40 points or 0.39 per cent to its record 15,879.65.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 532.94 crore on Wednesday, as per provisional exchange data.

Domestic equities do not look to be inspiring as of now. Notably, visible improvement in business momentum with ease of business curbs by states started offering comfort, said Binod Modi Head-Strategy at Reliance Securities.

However, profit-booking at higher levels is leading to bouts of correction in the market, traders said.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading in the red in mid-session deals.

US equities ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude advanced 0.01 per cent to USD 73.44 per barrel.

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 net sellers in the capital market as they offloaded shares worth Rs 338.43 crore on Monday, as per provisional exchange data.

“Domestic equities look to be muted as of now. Notably, sharp rise in crude prices and strengthening dollar index weighed on sentiments in the last couple of days. Further, expectations of further rise in crude prices with no agreement on ease of production in the OPEC meeting can weigh on sentiments further,” said Binod Modi Head-Strategy at Reliance Securities.

However, we continue to believe any meaningful correction in the market should be offering the opportunity to investors to get in quality stocks, Modi said.

Meanwhile, international oil benchmark Brent crude surged 0.32 percent to USD 77.41 per barrel.

Elsewhere in Asia, bourses in Seoul and Tokyo gained, while Shanghai and Hong Kong were trading in the red in mid-session deals.

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