Tag: business news today india

  • Sensex crashes over 600 factors in early commerce, Nifty dips beneath 15,750-mark amid weak world cues

    The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened in a sea of purple slipping over 1 per cent in early offers on Monday monitoring weak spot within the world market.
    The S&P BSE Sensex cracked as a lot as 633.66 factors (1.19 per cent) to 52,506.40 within the early commerce, whereas the Nifty 50 fell 187.45 factors (1.18 per cent) to fifteen,735.95.
    HDFC twins comprising of HDFC Bank and Housing Development Finance Corporation (HDFC) had been the highest laggards on the BSE benchmark within the early commerce on Monday adopted by IndusInd Bank, Kotak Mahindra Bank and Bajaj Auto. On the opposite hand, NTPC and Titan Company had been among the many high gainers.
    In the earlier session, Sensex had ended 18.79 factors (0.04 per cent) decrease at 53,140.06, whereas the Nifty slipped 0.80 factors (0.01 per cent) to fifteen,923.40.
    Global market
    Asian shares slipped to a one-week low on Monday and perceived secure haven property, together with the yen and gold, edged larger amid fears of rising inflation and a surge in coronavirus circumstances, whereas oil costs fell on oversupply worries.
    MSCI’s broadest index of Asia-Pacific shares exterior Japan fell 1.1 per cent for a second straight day of losses to 677.45, a degree not seen since July 12. The index was on monitor for its largest day by day share drop since July 8.
    Japan’s Nikkei dropped 1.3 per cent as did Australia’s benchmark share index. South Korea’s KOSPI was 1 per cent decrease, whereas Chinese shares additionally began on the backfoot with the blue-chip index down 0.6 per cent.
    -global market enter from Reuters

  • Sensex surges over 100 factors in early commerce, Nifty tops 15,950-mark

    Equity benchmark Sensex jumped over 100 factors to the touch file intra-day excessive in early commerce on Friday, monitoring features in index majors Reliance Industries, HDFC twins and ITC regardless of a largely adverse pattern in international markets.
    After surging to a peak of 53,290.81 in opening session, the 30-share BSE index was buying and selling 111.60 factors or 0.21 per cent larger at 53,270.45 in preliminary offers, whereas the broader NSE Nifty rose 33.60 factors or 0.21 per cent to fifteen,957.80.
    ITC was the highest gainer within the Sensex pack, surging over 1 per cent, adopted by Sun Pharma, Dr Reddy’s, Reliance Industries and HDFC.
    On the opposite hand, HCL Tech, Tech Mahindra, ICICI Bank, Infosys and NTPC had been among the many laggards.
    In the earlier session, Sensex settled 254.75 factors or 0.48 per cent larger at its lifetime excessive of 53,158.85, and Nifty rose 70.25 factors or 0.44 per cent to its all-time excessive of 15,924.20.
    Foreign institutional traders (FIIs) had been web sellers within the capital market as they offloaded shares price Rs 264.77 crore on Thursday, as per provisional change information.
    “Domestic equities look to be modestly good as of now. Notably, dovish remarks of Federal Reserve Chairman Powell in his testimony despite surge in inflation should offer comfort to global equities including India,” mentioned Binod Modi Head-Strategy at Reliance Securities.
    Benchmark Nifty, which was consolidating within the vary of 15,600-15,900 for the final couple of weeks, is about to cross 16,000 ranges shortly, he mentioned, including that larger crude costs, unfold of delta plus variant globally and weakening INR could possibly be a close to danger for markets.
    Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo had been buying and selling with losses in mid-session offers, whereas Hong Kong was buying and selling within the optimistic territory.
    Equities on Wall Street too ended on a adverse observe in in a single day classes.
    Meanwhile, worldwide oil benchmark Brent crude declined 0.12 per cent to USD 73.38 per barrel.

  • Sensex positive aspects over 100 factors in early commerce, Nifty tops 15,850-mark

    Equity benchmark Sensex superior over 100 factors in early commerce on Thursday, monitoring positive aspects in index majors L&T, HDFC Bank and HCL Tech amid a largely constructive development in international markets.
    The 30-share BSE index was buying and selling 111.50 factors or 0.21 per cent larger at 53,015.55 in preliminary offers, whereas the broader NSE Nifty rose 31.30 factors or 0.20 per cent to fifteen,885.25.
    L&T was the highest gainer within the Sensex pack, surging over 3 per cent, adopted by HCL Tech, Tech Mahindra, HDFC Bank, Dr Reddy’s and ExtremelyTech Cement.
    On the opposite hand, M&M, Asian Paints, Maruti, ITC, Titan and Infosys had been among the many laggards.

    In the earlier session, Sensex ended 134.32 factors or 0.25 per cent larger at 52,904.05, and Nifty superior 41.60 factors or 0.26 per cent to fifteen,853.95.
    Foreign institutional traders (FIIs) had been internet sellers within the capital market as they offloaded shares value Rs 1,303.95 crore on Wednesday, as per provisional trade information.
    “IT results out so far including that of majors like TCS and Infosys indicate a strong order pipeline emboldening the companies to raise their revenue guidance to 14 to 17 per cent. This augurs well for the industry and can invite further investments,” stated V Okay Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
    However, Nifty is more likely to face resistance round 15,900, since FIIs are constant sellers at larger ranges, he stated, including that retail exercise is excessive in mid and small-cap area, as heavy FII promoting is in giant caps.
    Further, international assist to the markets comes from US Fed chief Jerome Powell’s comment that charges will stay close to zero till “inflation goes persistently and materially higher”. This has additional emboldened the fairness bulls, he famous.

    Elsewhere in Asia, bourses in Shanghai, Seoul and Hong Kong had been buying and selling with positive aspects in mid-session offers, whereas Tokyo was within the purple.
    Meanwhile, worldwide oil benchmark Brent crude declined 0.76 per cent to USD 74.19 per barrel.

  • Sensex drops over 100 factors in early commerce, Nifty slips under 15,800-mark

    Equity benchmark Sensex dropped over 100 factors in early commerce on Wednesday, monitoring losses in index majors ICICI Bank, HDFC twins and Reliance Industries amid a unfavorable development in world markets.
    The 30-share BSE index was buying and selling 104.99 factors or 0.20 per cent decrease at 52,664.74 in preliminary offers, whereas the broader NSE Nifty slipped 31.80 factors or 0.20 per cent to fifteen,780.55.
    Maruti was the highest loser within the Sensex pack, slipping round 1 per cent, adopted by ICICI Bank, HDFC, Axis Bank, IndusInd Bank and Tata Steel.
    On the opposite hand, Tech Mahindra, L&T, HCL Tech and Sun Pharma have been among the many gainers.

    In the earlier session, Sensex ended 397.04 factors or 0.76 per cent larger at 52,769.73, and the broader NSE Nifty surged 119.75 factors or 0.76 per cent to settle at 15,812.35.
    Foreign institutional buyers (FIIs) have been web consumers within the capital market as they bought shares price Rs 113.83 crore on Tuesday, as per provisional change information.
    According to Binod Modi Head-Strategy at Reliance Securities, benchmark Nifty seems to be consolidating within the vary of 15,600-15,900.
    “However, we proceed to imagine that any significant correction out there ought to be taken as a possibility to get in high quality shares.
    “Visible improvement in key economic data including IIP, import-export business momentum and visible traction in overall economic activities in June indicates healthy corporate earnings for 1QFY22E despite the second wave of COVID-19,” he mentioned.
    US markets completed decrease as a higher-than-expected soar in CPI print for June weighed on buyers’ sentiments, he added.

    Elsewhere in Asia, bourses in Shanghai, Seoul, Hong Kong and Tokyo have been buying and selling with losses in mid-session offers.
    Meanwhile, worldwide oil benchmark Brent crude declined 0.31 per cent to USD 76.25 per barrel.

  • Sensex jumps over 200 factors in early commerce, Nifty tops 15,750-mark

    Equity benchmark Sensex jumped over 200 factors in early commerce on Tuesday, monitoring good points in index majors ICICI Bank, HDFC and Reliance Industries amid a optimistic development in international markets.
    The 30-share BSE index was buying and selling 228 factors or 0.44 per cent greater at 52,600.69 in preliminary offers, whereas the broader NSE Nifty superior 69.50 factors or 0.44 per cent to fifteen,762.10.
    NTPC was the highest gainer within the Sensex pack, surging over 3 per cent, adopted by ICICI Bank, HDFC, PowerGrid, M&M, Axis Bank, L&T and ExtremelyTech Cement.
    On the opposite hand, Infosys, Tech Mahindra, HCL Tech and HUL have been among the many laggards.

    In the earlier session, Sensex ended 13.50 factors or 0.03 per cent decrease at 52,372.69, whereas the Nifty inched 2.80 factors or 0.02 per cent greater to fifteen,692.60.
    Foreign institutional traders (FIIs) have been internet sellers within the capital market as they offloaded shares value Rs 745.97 crore on Monday, as per provisional trade knowledge.
    According to Binod Modi Head-Strategy at Reliance Securities, the home market seems to be to be good as of now.
    “IIP data for May witnessed strong over 29 per cent growth on base effects, while second wave impact made it to see 14 per cent contraction compared to May 2019. Hence, policy support is still much needed to spur economic activities in coming months, and we believe RBI will continue to maintain its accommodative policy in the medium term,” he stated.
    Additionally, traders have been upbeat as US equities recovered from earlier losses and all three key indices ended with report highs as expectations of strong June quarter earnings lifted sentiments.

    Elsewhere in Asia, bourses in Shanghai, Seoul, Hong Kong and Tokyo have been buying and selling with good points in mid-session offers.
    Meanwhile, worldwide oil benchmark Brent crude superior 0.23 per cent to USD 75.33 per barrel.

  • Sensex surges over 240 factors in early commerce, Nifty tops 15,770-mark

    Equity benchmark Sensex surged over 240 factors in early commerce on Monday, monitoring positive aspects in index majors ICICI Bank, TCS and Reliance Industries amid a agency development in world markets.
    The 30-share BSE index was buying and selling 241.95 factors or 0.46 per cent greater at 52,628.14 in preliminary offers, whereas the broader NSE Nifty superior 81.65 factors or 0.52 per cent to fifteen,771.45.
    ICICI Bank was the highest gainer within the Sensex pack, climbing almost 2 per cent, adopted by Maruti Suzuki, SBI, ExtremelyTech Cement, IndusInd Bank and Tata Steel.
    TCS and Reliance Industries rose as much as 0.56 per cent in early commerce.

    On the opposite hand, Bajaj Finserv, HDFC Bank, Tech Mahindra and Hindustan Unilever have been the laggards.
    In the earlier session, Sensex ended 182.75 factors or 0.35 per cent decrease at 52,386.19. The NSE Nifty dropped 38.10 factors or 0.24 per cent to shut at 15,689.80.
    Foreign institutional traders (FIIs) have been internet sellers within the capital market as they offloaded shares price Rs 1,124.65 crore on Friday, as per provisional trade knowledge.

    Elsewhere in Asia, bourses in Shanghai, Seoul, Hong Kong and Tokyo have been buying and selling with important positive aspects in mid-session offers.
    Meanwhile, worldwide oil benchmark Brent crude declined 0.19 per cent to USD 75.41 per barrel.

  • Sensex slips 183 factors, Nifty settles under 15,700-mark

    The BSE benchmark Sensex tumbled 183 factors on Friday, monitoring losses in index majors HDFC Bank, Reliance Industries and TCS.
    The 30-share index ended 182.75 factors or 0.35 per cent decrease at 52,386.19. The broader NSE Nifty dropped 38.10 factors or 0.24 per cent to shut at 15,689.80.
    Bajaj Auto was the highest loser within the Sensex pack, shedding round 2 per cent, adopted by TCS, HDFC Bank, Axis Bank, Reliance Industries and Tech Mahindra.
    On the opposite hand, Tata Steel, Bajaj Finserv, Bharti Airtel and NTPC had been among the many gainers.

    Domestic equities traded on a weak word primarily led by continued profit-booking in financials, mentioned Binod Modi, Head – Strategy at Reliance Securities.
    However, metals, pharma and realty indices shined, whereas IT index remained smooth after TCS missed earnings estimates, he mentioned, including that purchasing momentum remained seen in midcap and smallcap shares as improved earnings prospect attracted buyers’ curiosity.
    “While visible improvement in business momentum with ease of business curbs by states started offering comfort, recent uptick in daily caseload and increasing positive rate could be a near term risk as we saw Japan imposing fresh restrictions in Tokyo,” he famous.
    Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo ended within the purple, whereas Hong Kong was constructive.

    Stock exchanges in Europe had been buying and selling with good points in mid-session offers.
    Meanwhile, worldwide oil benchmark Brent crude rose 1.08 per cent to USD 74.92 per barrel.

  • Asia sell-off catches out Sensex

    Domestic inventory markets on Thursday got here underneath promoting stress and misplaced practically a per cent as weak international cues hit the sentiment. The benchmark Sensex fell by 486 factors to 52,568.94 and the NSE Nifty index plummeted by 152 factors to fifteen,727.90 within the sell-off.
    Analysts mentioned markets traded underneath stress and misplaced practically a per cent, pressurised by weak international cues. After the flat begin, the benchmark progressively drifted decrease and settled nearer to the day’s low to shut at 15,728 ranges on the weekly expiry day. Among the sectors, promoting stress throughout steel, banking and pharma pack widened the losses. The broader markets too ended within the purple and misplaced within the vary of 0.1-0.4 per cent.
    Vinod Nair, Head of Research at Geojit Financial Services, mentioned, “Pessimistic global cues dented the morale of Dalal Street with selling pressure seen across the sectors amid high volatility. Global markets were deep in the red, shadowing a weakness in the Asian markets following the widening Chinese tech crackdown and concerns over the country’s economic recovery. As we kickstart first quarter results season, initial releases of IT sector and a good number of lucrative IPOs will be in focus for the coming weeks.”

    ExplainedResults to be in focusGlobal markets have been deep within the purple, shadowing a weak spot within the Asian markets following the widening Chinese tech crackdown and issues over the nation’s financial restoration. As first quarter outcomes kick off, preliminary releases of IT sector and a great variety of profitable IPOs might be in focus.

    Most Asian markets witnessed a mushy day and promoting was intense notably in Malaysia and Hong-Kong. Malaysian shares slumped and the ringgit hit a greater than ten-month low on Thursday after the largest political occasion of the nation’s ruling coalition referred to as for Prime Minister Muhyiddin Yassin’s resignation at a time when the nation stays in a COVID-19 lockdown. Hong Kong shares slumped to a six-month low, as tech companies tumbled amid persistent regulatory worries.

    Markets would first react to TCS numbers in early commerce on Friday and which may set the tone for the results of the session as properly, mentioned an analyst. “Further, demand scenario and management commentary will be crucial factors to watch in Q1FY22 results. We suggest keeping a check on naked leveraged positions and wait for clarity. Investors, on the other hand, should not read much into the intermediate correction and continue with the “buy on dips” method in essentially sound counters with a long-term view,” mentioned Ajit Mishra, VP – Research, Religare Broking.
    Volumes on exchanges have been little decrease than current averages in money markets, although NSE derivatives markets have been fairly lively, notably in weekly index choices expiring on Thursday. Mid-cap and small-cap indices continued their outperformance and fared a lot better than the benchmarks. The NSE Mid-Cap 100 index fell 0.42 per cent, whereas the NSE Small-Cap index was flat for the day.

  • Sensex settles above 53,000 for first time led by HDFC twins, Tata Steel and ICICI Bank

    Equity benchmark Sensex jumped 194 factors to shut at a contemporary document on Wednesday, monitoring beneficial properties in index heavyweights HDFC twins, Tata Steel and ICICI Bank.
    Closing above the 53,000 mark for the primary time, the 30-share BSE index jumped 193.58 factors or 0.37 per cent to 53,054.76.
    Similarly, the broader NSE Nifty rose 61.40 factors or 0.39 per cent to its contemporary document peak of 15,879.65.
    Tata Steel was the highest gainer within the Sensex pack, rallying over 4 per cent, adopted by Bajaj Finserv, IndusInd Bank, HDFC, Nestle India, Asian Paints and Sun Pharma.

    On the opposite hand, Titan, Maruti, Reliance Industries and Tech Mahindra have been among the many laggards.
    “Markets bounced back into the positive terrain in afternoon trade led by metal stocks. Cabinet reshuffle today created interest amongst market participants as we saw some hectic activity in smaller private sector banks,” mentioned S Ranganathan, Head of Research at LKP Securities.
    Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo ended within the pink, whereas Shanghai was constructive.

    Equities in Europe have been buying and selling with beneficial properties in mid-session offers.
    Meanwhile, worldwide oil benchmark Brent crude rose 1.64 per cent to USD 75.75 per barrel.

  • Sensex rises 55 factors in early commerce; Nifty tops 15,860-mark

    Equity benchmark Sensex inched greater by 55 factors in early commerce on Tuesday, monitoring features in index heavyweights HDFC twins, Bajaj Finance and Infosys amid sustained international fund outflows.
    The 30-share BSE index was buying and selling 55.46 factors or 0.10 per cent greater at 52,935.46 in preliminary offers. Similarly, the broader NSE Nifty superior 24.05 factors or 0.15 per cent to fifteen,858.40.
    UltraTech Cement was the highest gainer within the Sensex pack, rising 0.69 per cent, adopted by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance. Infosys was up 0.06 per cent in early offers.
    On the opposite hand, Sun Pharma, TCS, HUL, and Reliance Industries had been among the many laggards.

    In the earlier session, the BSE Sensex closed 395.33 factors or 0.75 per cent greater at 52,880. Similarly, the broader NSE Nifty surged 112.15 factors or 0.71 per cent to fifteen,834.35.
    Foreign institutional traders (FIIs) remained web sellers within the capital market as they offloaded shares price Rs 338.43 crore on Monday, as per provisional alternate information.
    “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,” mentioned Binod Modi Head-Strategy at Reliance Securities.
    However, we proceed to consider any significant correction available in the market needs to be providing alternative to traders to get in high quality shares, Modi mentioned.

    Meanwhile, worldwide oil benchmark Brent crude surged 0.32 per cent to USD 77.41 per barrel.
    Elsewhere in Asia, bourses in Seoul and Tokyo gained, whereas Shanghai and Hong Kong had been buying and selling within the crimson in mid-session offers.