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Tag: fuel rate-hike

  • Stock Market Today 2022: Indices erase intraday losses, finish with marginal good points; Sensex rises 38 pts

    Market Today, Sensex Today, Nifty Today: The topline fairness indices on the BSE and National Stock Exchange (NSE) erased their intraday losses and ended with marginal good points on Thursday.

    The S&P BSE Sensex rose 37.87 factors (0.06 per cent) to finish at 17,956.50 whereas the Nifty 50 inched 12.25 factors (0.07 per cent) increased to settle at 17,956.50. Both the indices had opened round 0.25 per cent decrease earlier within the day and traded decrease for essentially the most a part of the session, slipping as a lot as 0.5 per cent within the intraday commerce with the BSE benchmark hitting a low of 59,946.44 and the broader Nifty touching 17,852.05.

    On the Sensex pack, Kotak Mahindra Bank, Larsen & Toubro (L&T), Bharti Airtel, Ultratech Cement, Power Grid Corporation of India, IndusInd Bank, State Bank of India (SBI), ITC and Asian Paints have been the highest gainers on Thursday. In contast, Dr. Reddy’s Laboratories, Wipro, Infosys, Mahindra & Mahindra (M&M), Axis Bank, Tata Consultancy Services (TCS), Nestle India, HCL Technologies and Titan Company have been the highest laggards.

    Among the sectoral indices on NSE, the Nifty Realty index climbed 1.55 per cent, Nifty Metal rose 0.92 per cent and Nifty FMCG inched up 0.57 per cent. On the opposite hand, Nifty IT fell 0.79 per cent and Nifty Oil & Gas slipped 0.65 per cent.

    In the broader market, the S&P BSE MidCap ended at 25,286.51, up 104.51 factors (0.42 per cent) whereas the S&P BSE SmallCap settled at 28,438.57, up 95.57 factors (0.34 per cent).

    “Following the release of the Fed minutes, domestic equities experienced profit booking amid weak sentiment from global peers. The minutes showed that even while decision-makers were concerned about the impact of aggressive actions, they were in favour of raising rates further. In the domestic market, IT and pharma were the major laggards, responding to the fall in the US stocks, while financials maintained their support,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from Reuters)

    European shares dropped on Thursday, monitoring falls on Wall Street after Federal Reserve officers mentioned in coverage assembly minutes that inflation pressures weren’t easing and a European Central Bank official warned the outlook had not improved.

    By 0835 GMT, the Euro STOXX was down 0.13 per cent, whereas Wall Street futures pointed to a weaker open after the primary indexes closed decrease. MSCI’s broadest index of Asia-Pacific shares exterior Japan misplaced 0.5 per cent.

    Stocks have staged a robust rebound prior to now two months on hopes a peak within the tempo of financial tightening is close by, however they continue to be susceptible to central banker warnings that the struggle in opposition to value pressures is way from over.

    Federal Reserve officers noticed “little evidence” late final month that US inflation pressures have been easing, in keeping with the minutes of their July 26-27 coverage assembly launched on Wednesday.

  • Stock Market Today 2022: Sensex climbs over 100 factors in early offers, Nifty above 17,850-mark

    Market Today, Sensex, Nifty: The frontline fairness indices on the BSE and National Stock Exchange (NSE) opened marginally increased and had been buying and selling over 0.2 per cent within the early offers on Wednesday.

    At 9:31 am, the S&P BSE Sensex rose 133.48 factors (0.22 per cent) to 59,975.69 whereas the NIfty 50 was buying and selling at 17,870.95, up 45.70 factors (0.26 per cent).

    On the Sensex pack, beneficial properties within the early commerce had been led by NTPC, HUL, Bajaj Finance, Asian Paints, UltraTech Cement, RIL, Bajaj Finserv, L&T and ITC. In distinction, TCS, Infosys, HDFC, HDFC financial institution, M&M and Kotak Mahindra Bank had been the laggards.

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  • Stock Market Today 2022: Sensex jumps over 300 factors in early offers, Nifty above 17,750-mark

    Market Today, Sensex, Nifty: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened round 0.5 per cent greater on Tuesday

    At 9:15 am, the S&P BSE Sensex was up 319.47 factors (0.54 per cent) at 59,782.25 whereas the Nifty 50 was at 17,780.20, up 82.05 factors (0.46 per cent).

    On the Sensex pack, positive factors within the early commerce have been led by Mahindra & Mahindra (M&M), Asian Paints, ICICI Bank, Nestle India, Axis Bank, HCL Technologies. In distinction, Titan Company, Sun Pharmaceutical Industries and Tata Steel have been the early laggards.

    Global Markets (from AP)

    Asian shares principally rose Tuesday after a rebound on Wall Street, regardless of regional investor dangers mirrored in destructive financial knowledge out of China.

    The benchmark in Tokyo was little modified, erasing earlier positive factors, however indexes in South Korea, Australia and China gained in morning buying and selling. Falling oil costs are one constructive issue for the area.

    Japan’s benchmark Nikkei 225 was little modified at 28,870.04 in morning buying and selling. South Korea’s Kospi rose 0.5 per cent to 2,540.41. Australia’s S&P/ASX 200 added 0.6 per cent to 7,107.50. Hong Kong’s Hang Seng added 0.4 per cent to twenty,118.35, whereas the Shanghai Composite gained 0.4 per cent to three,287.50.

    Stocks on Wall Street bounced again and closed greater, extending the market’s latest successful methods as buyers stay up for a number of updates from retailers this week. The S&P 500 rose 16.99 factors, or 0.4 per cent, to 4,297.14. The Dow added 151.39 factors, or 0.5 per cent, to 33,912.44. The Nasdaq gained 80.87 factors, or 0.6 per cent, to 13,128.05.

  • Stock Market Today 2022: Sensex rises 130 factors, Nifty settles at 17,698

    Market Today, Sensex, Nifty: The benchmark fairness indices erased their losses and ended over 0.2 per cent greater on Friday amid constructive world cues.

    The S&P BSE Sensex rose 130.18 factors (0.22 per cent) to finish at 59,462.78 whereas the Nifty 50 settled at 17,698.15, up 39.15 factors (0.22 per cent). Both the indices had opened marginally decrease earlier within the day and slipped as a lot as 0.37 per cent within the morning offers earlier than erasing their losses and turning constructive.

    On the Sensex pack, NTPC, Tata Steel, Power Grid Corporation of India, ICICI Bank, Reliance Industries (RIL) and State Bank of India (SBI) had been the highest gainers on Friday. In distinction, Infosys, Maruti Suzuki India, Larsen & Toubro (L&T), Tech Mahindra, Sun Pharmaceutical Industries and HindusTan Unilever (HUL) had been the highest laggards.

    Among sectoral indices on the NSE, Nifty Oil & Gas index rose 2.25 per cent and the Nifty Metal index climbed 1.64 per cent. On the opposite hand, Nifty IT and Nifty Pharma fell 1.15 per cent every.

    In the broader market, the S&P BSE SmallCap index ended at 27,905.91, up 107.89 factors (0.39 per cent) and the S&P BSE MidCap settled at 24,765.05, up 37.67 factors (0.15 per cent).

    “Return of FIIs and declining dollar index aided the market rally. While metals and oil & gas garnered buying interest, IT and pharma weighed on sentiments. Oil and gas stocks were in focus as the government diverted some natural gas from industries to city gas operators in an effort to moderate the prices of CNG and piped cooking gas,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Going forward, traders will sit up for the retail inflation and manufacturing facility output information which can be launched later within the day.

    Global Markets (from Reuters)

    World shares headed for a fourth straight week of good points on Friday as traders scaled again views on how far US rates of interest and inflation can climb, whereas oil recouped a number of the earlier week’s losses. A slight easing of inflation readings drove world shares greater and capped a rising greenback this week, although a string of Fed audio system dampened expectations of the central financial institution going sluggish on additional coverage tightening.

    MSCI’s world inventory index was up 0.1 per cent and was displaying a 1.8 per cent rise on the week. S&P futures gained 0.53 per cent after the S&P index closed down 0.07 per cent.

    European shares rose 0.35 per cent and had been heading for weekly good points of greater than 1 per cent. Britain’s FTSE climbed 0.56 per cent and was eyeing a near-1 per cent rise on the week.

    MSCI’s broadest index of Asia-Pacific shares outdoors Japan gained 0.16 per cent, heading for a weekly achieve of 1 per cent. Hong Kong’s Hang Seng index rose 0.46 per cent, however Chinese blue-chip shares dipped 0.1 per cent. Japan’s Nikkei was the key outlier, surging 2.62 per cent to its highest degree since January as markets reopened following a nationwide vacation.

  • Sensex, Stock Market Today: Sensex surges 465 factors, Nifty settles above 17,500-mark

    Stock Market Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) rose for the second consecutive session to settle over 0.7 per cent on Monday.

    The S&P BSE Sensex surged 465.14 factors (0.80 per cent) to finish at 58,853.07, whereas the Nifty 50 settled at 17,525.10, up 127.60 factors (0.73 per cent). Both the indices had opened on a uneven word however traded constructive because the commerce progressed.

    On the Sensex pack, Mahindra & Mahindra (M&M), Bajaj Finserv, HDFC Bank, Axis Bank, Larsen & Toubro (L&T), NTPC, Housing Development Finance Corporation (HDFC), Dr. Reddy’s Laboratories, IndusInd Bank and Reliance Industries (RIL) had been the highest gainers on Monday. In distinction, State Bank of India (SBI), UltraTech Cement, Nestle India, Wipro, Power Grid Corporation of India and Asian Paints had been the highest losers.

    Among sectoral indices on NSE, the Nifty Metal index climbed 1.29 per cent whereas the Nifty Private Bank rose 1.23 per cent. The Nifty Auto index gained 0.97 per cent and Nifty Financial Services inched 0.93 per cent.

    In the broader market, the S&P BSE MidCap index ended at 24,555.98, up 76.93 factors (0.31 per cent) and the S&P BSE SmallCap settled at 27,682.44, up 77.36 factors (0.28 per cent). On NSE, the volatility index or India VIX rose 2.04 per cent to 19.30.

    “Sustained FII buying and falling oil prices are the major drivers for the ongoing market rally. Heavyweights played a significant role in today’s rise, while PSU banks remained under pressure following weak results of the PSB major. Western markets continued to gain after strong US job numbers allayed worries of a recession. The week ahead is busy in terms of economic data with the domestic investors gearing up for the release of the inflation numbers along with the manufacturing production data to gauge the strength of the economy,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global Markets (from Reuters)

    Shares gained floor on Monday, recovering their footing after a robust US jobs report final week bolstered the case for extra super-sized rate of interest hikes, whereas the greenback weakened and authorities bond yields fell.

    Markets rapidly moved to cost an opportunity of about 70 per cent that the US Federal Reserve would elevate charges by 75 foundation factors in September, sending two-year yields up 20 foundation factors on Friday and additional inverting the curve.

    But the broad Euro STOXX 600 gained as a lot as 0.8 per cent in early commerce, led by cyclical and progress shares, serving to recuperate losses from Friday sparked by the US jobs report. Miners and know-how, hit onerous within the earlier week, led early good points. The MSCI world fairness index, which tracks shares in 47 nations, added 0.2 per cent, recovering losses of the identical quantity seen on Friday.

    S&P 500 futures and Nasdaq futures had been up 0.3 per cent and 0.4 per cent, respectively. The S&P 500 had ended decrease on Friday, weighed down by tech shares.