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  • Stock Market Today: Sensex rises 105 factors, Nifty ends at 17,833

    Share Market News Today | Sensex, Nifty, Share Price Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) prolonged their good points for the second consecutive day and ended marginally larger on Friday following a risky session.

    The S&P BSE Sensex rose 104.92 factors (0.18 per cent) to finish at 59,793.14 and the Nifty 50 inched 34.60 factors (0.19 per cent) larger to settle at 17,833.35. Both the indices had opened round 0.5 per cent larger earlier within the day and traded larger all through the session with the Sensex touching an intraday excessive of 60,119.80 and the broader Nifty reaching 17,925.95.

    On the Sensex pack, Tech Mahindra, IndusInd Bank, Infosys, HCL Technologies, Maruti Suzuki India, State Bank of India (SBI), Tata Consultancy Services (TCS) and Wipro had been the highest gainers on Friday. In distinction, ExtremelyTech Cement, Mahindra & Mahindra (M&M), Larsen & Toubro (L&T), Bajaj Finance, Bajaj Finserv and Titan Company had been the highest laggards.

    Among the sectoral indices, the Nifty IT index rallied 2.21 per cent, Nifty Auto and Nifty Bank rose 0.52 per cent and 0.51 per cent respectively.

    In the broader market, the S&P BSE MidCap ended at 25,937.22, up 41.99 factors (0.16 per cent) and the S&P BSE SmallCap settled at 29,528.74, up 54.11 factors (0.18 per cent).

    Global Market (from AP)

    Global inventory benchmarks rose Friday, as feedback from the US Federal Reserve chairman assured markets that rate of interest will increase will seemingly be inside expectations.

    France’s CAC 40 added 0.7 per cent in early buying and selling to six,168.33, whereas Germany’s DAX gained 0.9 per cent to 13,014.33. Britain’s FTSE 100 rose practically 1.1 per cent to 7,338.96. US shares had been set to maneuver larger with Dow futures up 0.4 per cent at 31,902.00. S&P 500 futures rose 0.5 per cent to 4,025.50. Oil costs rose.

    Japan’s benchmark Nikkei 225 rose 0.5 per cent to complete at 28,214.75. Australia’s S&P/ASX 200 added 0.7 per cent to six,894.20. Hong Kong’s Hang Seng jumped 2.8 per cent to 19,389.03, whereas the Shanghai Composite added 0.8 per cent to three,262.05. Trading was closed in South Korea for a vacation.

  • Stock Market Today: Sensex rallies 659 factors, Nifty ends close to 17,800-mark on optimistic world cues

    Share Market News Today | Sensex, Nifty, Share Price Today: The frontline fairness indices bounced again after a two day dropping streak to finish round 1 per cent increased on Thursday monitoring the optimistic cues within the world market.

    The S&P BSE Sensex jumped 659.31 factors (1.12 per cent) to finish at 59,688.22 whereas the Nifty 50 rallied 174.35 factors (0.99 per cent) to settle at 17,798.75. Both the indices had opened round 0.6 per cent increased earlier within the day and prolonged beneficial properties because the commerce progressed with the Sensex hitting an intraday excessive of 59,711.96 and the broader Nifty touching 17,807.65.

    On the Sensex pack, beneficial properties have been led by Axis Bank, Tech Mahindra, ICICI Bank, Mahindra & Mahindra (M&M), State Bank of India (SBI) and ExtremelyTech Cement have been the highest gainers of the day. In distinction, Tata Steel, NTPC, Titan Company and Nestle India have been the highest losers.

    Among sectoral indices on NSE, the Nifty PSU Bank index surged 2.51 per cent, the Bank Nifty rallied 1.91 per cent, Nifty Financial Services jumped 1.48 per cent and Nifty IT climbed 0.97 per cent. On the opposite hand, Nifty Metal fell 0.90 per cent and Nifty Media declined 0.45 per cent.

    In the broader market, the S&P BSE MidCap index rose 75.57 factors (0.29 per cent) to finish at 25,895.23 whereas the S&P BSE SmallCap climbed 175.96 factors (0.60 per cent) to settle at 29,474.63. On NSE, the volatility index or India VIX declined 5.48 per cent to 18.31.

    “The domestic financial market experienced a wave of optimism tracking strength across global markets as oil prices eased, cooling investor concerns about rising inflation. Despite premium valuations, consistent FII inflows are aiding Indian bourses to stay resilient. On the sectoral front, auto stocks were in focus as retail sales of automobiles grew 8.31% YoY in august while banking stocks moved in sync,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Market (from AP)

    Global inventory benchmarks principally rose Thursday as traders carefully watched a European central financial institution assembly and sought to juggle considerations about inflation and recession.

    France’s CAC 40 rose 0.1 per cent to six,113.98 in early buying and selling, whereas Germany’s DAX slipped almost 0.1 per cent to 12,904.97. Britain’s FTSE 100 added 0.4 per cent to 7,269.52.

    US shares have been set to float decrease with Dow futures down almost 0.1 per cent at 31,559.00. S&P 500 futures slipped 0.1 per cent to three,976.25.

    Japan’s benchmark Nikkei 225 surged 2.3 per cent to complete at 28,065.28. Australia’s S&P/ASX 200 gained 1.8 per cent to six,848.70. South Korea’s Kospi rose 0.3 per cent to 2,384.28. Hong Kong’s Hang Seng dropped 1.0 per cent to 18,854.62, whereas the Shanghai Composite fell 0.3 per cent to three,235.59.

  • Stock Market Today: Sensex features over 100 factors in early offers, Nifty above 17,550-mark

    Market Today: The benchmark fairness indices opened on a optimistic be aware on Friday amid combined cues within the world market.

    At 9:21 am, the S&P BSE Sensex was buying and selling at 58,910.72, up 144.13 factors (0.25 per cent) whereas the Nifty 50 was at 17,583.85, up 41.05 factors (0.23 per cent).

    On the Sensex pack, the features within the early commerce had been led by NTPC, Bajaj Finserv, Kotak Mahindra financial institution, Bajaj finance, Power Grid and Axis Bank. On the opposite hand, Maruti Suzuki India and Nestle India had been marginally within the purple.

    On Thursday, the benchmark indices dropped over 1 per cent every. The Sensex fell 770.48 factors (1.29 per cent) to settle at 58,766.59 and the Nifty declined 216.50 factors (1.22 per cent) to shut at 17,542.80.

    Speaking on the Nifty transfer, Deepak Jasani, Head of Retail Research at HDFC Securities stated, “Nifty failed to build on the large gains made on the previous day. Global sentiments have been able to halt the rallies in India over the past few weeks, though the broader market seems positive. 17,696-17,345 could be the band for the Nifty in the near term.”

    Global Market (from Reuters)

    Asian shares had been combined and the greenback stood tall on Friday forward of a key US jobs report as traders braced for extra aggressive charge hikes from the Federal Reserve, whereas commodities took an in a single day dive amid new China lockdowns.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan remained largely unchanged in early Asia commerce, however was headed for its worst weekly efficiency in seven with a drop of three per cent, as rising expectations of hawkish world charge hikes hit dangerous property.

    Japan’s Nikkei and Chinese bluechips had been principally unchanged, Hong Kong’s Hang Seng index eased 0.2 per cent and South Korea gained 0.5 per cent.

  • Markets fall in early commerce amid weak international developments

    Benchmark indices began the commerce on a weak notice on Thursday, dragged down by index majors Reliance Industries, IT and banking counters amid an general weak international markets pattern.

    The BSE benchmark Sensex fell 898.61 factors to 58,638.46 in early commerce. Similarly, the NSE Nifty declined 273.75 factors to 17,485.55.

    From the Sensex pack, Infosys, Tata Consultancy Services, Reliance Industries, HDFC, Tech Mahindra, HDFC Bank, Hindustan Unilever, HCL Technologies and ICICI Bank had been among the many main laggards.

    Bajaj Finserv, Bharti Airtel, Asian Paints and ExtremelyTech Cement had been among the many gainers.

    Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong had been buying and selling decrease, whereas Shanghai quoted within the inexperienced in mid-session offers.

    The US markets had ended decrease on Wednesday.

    The 30-share BSE benchmark jumped 1,564.45 factors or 2.70 per cent to settle at 59,537.07 on Tuesday. The broader NSE Nifty superior 446.40 factors or 2.58 per cent to 17,759.30.

    Equity markets had been closed on Wednesday on account of Ganesh Chaturthi.

    “Domestic equities are likely to drift lower in early trades Thursday, tracking weakness in the Asian pack after the US markets overnight ended weaker,” Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities Ltd, mentioned.

    Meanwhile, the worldwide oil benchmark Brent crude declined 2.84 per cent to USD 96.49 per barrel.

    Foreign institutional buyers (FIIs) purchased shares price Rs 4,165.86 crore on Tuesday, as per change knowledge.

  • Markets rebound in early commerce

    Benchmark indices bounced again in early offers on Tuesday after falling sharply within the earlier commerce amid shopping for in banking counters and blended world tendencies.

    The BSE benchmark Sensex climbed 488.4 factors to 58,461.02 factors in early commerce. Similarly, the NSE Nifty superior 154.55 factors to 17,467.45 factors.

    From the Sensex pack, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Maruti, Tata Steel, NTPC, UltraTech Cement, State Bank of India and Axis Bank had been among the many main winners.

    Bharti Airtel and Dr Reddy’s had been the one laggards.

    Elsewhere in Asia, markets in Seoul and Tokyo had been buying and selling within the inexperienced whereas Shanghai and Hong Kong quoted decrease in mid-session offers.

    The US markets had ended decrease on Monday.

    The BSE benchmark tanked 861.25 factors or 1.46 per cent to settle at 57,972.62 factors on Monday. The Nifty fell 246 factors or 1.4 per cent to 17,312.90 factors.

    “Compared to the sell-off in US markets last Friday, the correction in the Indian market yesterday was relatively mild. This is a reflection of the resilience of the Indian market,” V Okay Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated.

    Meanwhile, the worldwide oil benchmark Brent crude declined 0.83 per cent to USD 104.22 per barrel.

    Foreign institutional buyers (FIIs) offloaded shares price Rs 561.22 crore on Monday, in line with alternate information.

  • Stock Market Today: Sensex crashes 1,300 factors in early offers, Nifty dips under 17,200 amid world rout

    Market Today: The frontline fairness indices on the BSE and National Stock Exchange (NSE) opened round 2 per cent decrease on Monday taking cues from their world friends which fell after the pinnacle of the US Federal Reserve indicated high-interest charges will proceed for a while to curb inflation.

    At 9:19 am, the S&P BSE Sensex was down 1,311.16 factors (2.23 per cent) at 57,522.71, whereas the Nifty 50 was buying and selling at 17,170.40, down 388.50 factors (2.21 per cent).

    All the Sensex constituents had been buying and selling within the crimson within the early offers led by Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services (TCS), Wipro, Tata Steel, State Bank of India (SBI) and HDFC Bank.

    “Markets expected Powell to remain hawkish at Jackson Hole but the ultra-hawkish tone of the Fed chief’s message and his warnings that Fed’s policy will “cause some pain to households and businesses” and that is “the unfortunate costs of reducing inflation” weren’t anticipated and factored-in by the markets. The 17 per cent rally in S&P 500 from mid June to mid August was primarily pushed by expectation that with declining inflation Fed would pivot in the direction of decrease rates of interest by early 2023. This expectation has been belied by Powell’s message that charges will go up and stay there for ‘sometime’,” stated V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    “The sharp rise in the Dollar index above 109 and the 10-year bond yield spiking to 3.1 per cent are negative for capital flows to EMs like India. FPIs are unlikely to continue buying in India in this scenario. The ‘buy on dips’ texture of the market is unlikely to hold. Investors should not rush in to buy the dips now. Better wait for the dust to settle,” he famous.

    Global Market (from AP)

    Asian shares declined Monday after the pinnacle of the US Federal Reserve indicated excessive rates of interest will proceed for a while to curb inflation.

    The plunge in early buying and selling in Asia paralleled the drop on Wall Street, the place the Dow Jones Industrial Average ended the week sinking greater than 1,000 factors. A slowdown within the US is damaging to Asia’s export-reliant economies.

    The message from Federal Reserve Chair Jerome Powell in a speech Friday had been anticipated, although some had wished for phrases that weren’t fairly so clear.

    Japan’s benchmark Nikkei 225 dipped 2.8 per cent in morning buying and selling to 27,831.06. Australia’s S&P/ASX 200 dropped 2.2 per cent to six,946.30. South Korea’s Kospi slipped 2.2 per cent to 2,425.70. Hong Kong’s Hang Seng slid 1.1 per cent to 19,949.62, whereas the Shanghai Composite edged down 0.5 per cent to three,220.04.

    The S&P 500 fell 141.46 factors, or 3.4 per cent, to 4,057.66. The benchmark index is now down virtually 15 per cent for the yr. The Dow misplaced 1,008.38 factors, or 3 per cent, to shut at 32,283.40. The final time the blue-chip common had a 1,000-point drop was in May. The Nasdaq slid 497.56 factors, or 3.9 per cent, to 12,141.71, its largest drop since June.

  • Stock Market Today: Indices finish with marginal positive aspects, Sensex rises 59 factors

    Market Today: The benchmark fairness indices ended with marginal positive aspects on Friday following a unstable session of commerce, as traders maintained warning forward of US Federal Reserve Chair Jerome Powell’s speech that’s seemingly to offer cues on future rate of interest hikes.

    The S&P BSE Sensex rose 59.15 factors (0.10 per cent) to finish at 58,833.87, whereas the Nifty 50 inched 36.45 factors (0.21 per cent) to settle at 17,558.90. Both the indices had opened round 0.8 per cent greater and rose almost 1 per cent within the intraday session earlier than trimming down and ending with marginal positive aspects.

    On the Sensex pack, NTPC, Titan Company, Power Grid Corporation of India, Kotak Mahindra Bank, Larsen & Toubro (L&T), Tech Mahindra, Tata Steel and Mahindra & Mahindra (M&M) have been the highest gainers on Friday. In distinction, IndusInd Bank, Housing Development Finance Corporation (HDFC), Asian Paints, Bharti Airtel, Dr. Reddy’s Laboratories and Reliance Industries (RIL) have been the highest laggards.

    Among sectors, the Nifty Metal index rallied 1.77 per cent, Nifty Consumer Durables rose 1.29 per cent and PSU Bank scaled 0.98 per cent. On the opposite hand, Nifty Media skid 0.66 per cent and Nifty Realty fell 0.37 per cent.

    In the broader market, the S&P BSE MidCap index rose 99.10 factors (0.40 per cent) to 25,119.00 and the S&P BSE SmallCap settled at 28,415.89, up 100.28 factors (0.35 per cent).

    Global Market (from Reuters)

    World shares have been flat on Friday and the greenback edged up as merchants and traders awaited a speech from Federal Reserve Chair Jerome Powell for clues on the gradient of the US central financial institution’s rate-hike path.

    Investors have pared again expectations that the Fed might pivot to a slower tempo of price hikes, as US inflation stays at 8.5 per cent on an annual foundation, properly above the central financial institution’s 2 per cent goal.

    MSCI’s world fairness index was little modified and was heading for a modest 0.5 per cent drop on the week. US S&P futures fell 0.25 per cent, European shares edged up 0.16 per cent and Britain’s FTSE 100 rose 0.58 per cent.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan rose 0.5 per cent to one-week highs. Resources-heavy Australia shares gained 0.8 per cent whereas Japan’s Nikkei superior 0.6 per cent.

  • Stock Market Today: Indices erase intraday positive aspects to finish decrease; Sensex crashes 311 pts, Nifty settles under 17,550-mark

    Market Today: The frontline indices on the BSE and National Stock Exchange (NSE) erased their intraday positive aspects and ended round 0.5 per cent decrease on Thursday on expiry of August-series futures and choices (F&O) contracts.

    The S&P BSE Sensex crashed 310.71 factors (0.53 per cent) to finish at 58,774.72 whereas the Nifty 50 declined 82.50 factors (0.47 per cent) to settle at 17,522.45. Both the indices had opened over 0.4 per cent earlier within the day and traded greater for the majority of the session rising round 0.7 per cent earlier than giving up their positive aspects and ending decrease within the final hour of commerce.

    On the Sensex pack, Bajaj Finance, Infosys, Tata Consultancy Services (TCS), IndusInd Bank, Axis Bank, Power Grid Corporation of India, NTPC, Larsen & Toubro (L&T), and Housing Development Finance Corporation (HDFC) have been the highest losers on Thursday whereas Maruti Suzuki India, State Bank of India (SBI) and Dr. Reddy’s Laboratories ended greater.

    Among the sectoral indices, the Nifty IT index fell 0.87 per cent, Nifty Metal index slipped 0.51 per cent and Nifty Pharma declined 0.40 per cent. On the opposite hand, the Nifty PSU Bank index rose 2.74 per cent and Nifty Realty climbed 1.47 per cent.

    In the broader market, the S&P BSE MidCap index ended at 25,019.90, up 50.56 factors (0.20 per cent) whereas the S&P BSE SmallCap settled at 28,315.61, up 48.97 factors (0.17 per cent). The volatility index or India VIX on NSE climbed 6.18 per cent to 19.57.

    Summing up the market, Deepak Jasani, Head of Retail Research at HDFC Securities famous, “Nifty fell on Aug 25, snapping a two day rise, on the monthly F&O expiry day, disregarding the mild gains in markets elsewhere. Nifty opened gap up and rose mildly in the morning. Post 1415 Hrs, a sell-off was seen in the Nifty leading it to close 0.47 per cent or 82.5 points lower at 17522.5. Among sectors, Realty and Consumer Durables were the main gainers while IT was the main loser. Broad market performed better than the Nifty as is evident from the positive close in Smallcap and Midcap indices and by the positive advance decline ratio.”

    Commenting on the Nifty he stated, “Nifty has formed a bearish engulfing top on daily charts and seems to have formed a lower high on short term basis. Unless the high of 17,727 is breached, Nifty could witness declines/sell on rallies. A downward breach of 17,345 could lead to acceleration in the fall.”

    Global Market (from Reuters)

    Share markets pushed greater and Europe’s bond markets and euro stole a breather from energy-price pushed sell-offs on Thursday, as buyers waited to listen to the newest response of the world’s prime central bankers to hovering inflation. Asia had tailgated Wall Street greater in a single day and Europe’s bourses did the identical as oil and fuel shares made one other 1.5 per cent soar amid intensifying worries of a Russian fuel provide disaster.

    The 0.7 per cent rise in European shares left MSCI’s 47-country index of world shares up 0.4 per cent with US inventory futures pointing to comparable positive aspects for the S&P 500 later. MSCI’s broadest index of Asia-Pacific shares outdoors Japan edged up 0.7 per cent, after US shares ended the earlier session with modest positive aspects.

    Australian shares climbed 0.7 per cent, whereas Japan’s Nikkei inventory index was up by 0.72 per cent. China’s CSI300 rose 0.8 per cent whereas Hong Kong’s Hang Seng Index surged 3.6 per cent in a shortened buying and selling session attributable to a hurricane.

  • Share Market News Updates: Indices end greater for sixth straight day, Sensex climbs 214 factors

    Market Today: The topline fairness indices on the BSE and National Stock Exchange (NSE) prolonged their profitable momentum for the sixth straight session, ending with over 0.25 per cent good points on Wednesday.

    The S&P BSE Sensex climbed 214.17 factors (0.37 per cent) to finish at 58,350.53 whereas the Nifty 50 settled at 17,388.15, up 42.70 factors (0.25 per cent). Both the indices had opened with marginal good points earlier within the day however quickly swung into the destructive territory within the late morning commerce. However, in late afternoon offers, they erased their intraday losses and ended greater.

    On the Sensex pack, Tech Mahindra, Tata Consultancy Services (TCS), Infosys, Titan Company, Asian Paints and ICICI financial institution had been the highest gainers on Wednesday. In distinction, Maruti Suzuki India, Sun Pharmaceutical Industries, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance and Ultratech Cement had been the highest laggards.

    Among the sectoral indices on NSE, the Nifty IT rose 1.35 per cent. On the opposite hand, Nifty Auto index fell 0.80 per cent and the Nifty Realty declined 0.76 per cent.

    However, in contrast to the benchmark indices, the broader market indices underperformed on Wednesday with the S&P BSE MidCap ending at 24,388.12, down 147.66 factors (0.60 per cent) whereas the S&P BSE SmallCap settled at 27,471.79, down 77.94 factors (0.28 per cent).

    “Amidst the geopolitical storm affecting the global markets, domestic markets moved in line with its global peers. The global market is also concerned about recessionary risk. On the domestic front, the major trigger this week will be the RBI’s policy meeting outcome, where the market is largely expecting a 25-50bps rate hike,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from Reuters)

    World shares eased barely on Wednesday as markets weighed dangers from US House Speaker Nancy Pelosi’s go to to Taiwan and feedback from Federal Reserve officers speaking up the possibility of aggressive rate of interest hikes.

    MSCI’s benchmark for world shares dipped by 0.1 per cent by 0823 GMT, steadying after Tuesday’s drop that took the index off the multi-week highs hit after a rally in July.

    In Europe, the STOXX 600 fairness benchmark index fell 0.1 per cent after information confirmed enterprise exercise within the euro zone contracted barely in July for the primary time since early final 12 months as customers reined in spending. Japan’s Nikkei rose 0.5 per cent, rebounding from Tuesday’s two-week closing low, whereas Hong Kong’s Hang Seng added 0.1 per cent and Taiwan’s TAIEX index rebounded from earlier losses to achieve 0.2 per cent on the shut.

    The MSCI’s broadest index of Asia-Pacific shares fell 0.25 per cent, giving up earlier good points.