Report Wire

Tag: NSE

  • Sensex rallies 689 factors to finish at contemporary excessive; Nifty tops 14,350

    Image Source : PTI Sensex rallies 689 factors to finish at contemporary excessive; Nifty tops 14,350
    Equity benchmark Sensex soared 689 factors to finish at a contemporary all-time excessive on Friday, led by Infosys, TCS and Reliance amid robust shopping for sentiment in world equities. The 30-share BSE index closed 689.19 factors or 1.43 per cent larger at 48,782.51. It touched an intra-day report of 48,854.34.
    Similarly, the broader NSE Nifty rallied 209.90 factors or 1.48 per cent to shut at its report excessive of 14,347.25. During the day, the index scaled a life-time peak of 14,367.30.
    Maruti was the highest gainer within the Sensex pack, rising round 6 per cent, adopted by Tech Mahindra, Infosys, ExtremelyTech Cement, PowerGrid and NTPC.
    On the opposite hand, IndusInd Bank, Bharti Airtel, SBI, ITC and HDFC had been the laggards.
    According to Binod Modi, Head-Strategy at Reliance Securities, rising expectations of stronger fiscal stimulus within the US after Congress confirmed President-elect Joe Biden’s victory have fuelled equities rally globally.

    “Markets completely downplayed earlier concerns of reversal of lower tax rates in the scenario of Democrats taking control of both the houses of Congress,” he added.
    A sustained rebound in key financial knowledge for December 2020 and sure graduation of vaccination drive shortly in India augur properly for home equities, he mentioned, including that the underlying power of home equities is unbroken, which primarily can propel benchmark indices to witness contemporary highs in coming weeks.
    “FPIs are unlikely to turn net sellers barring select weeks of days considering the status of global economy, stance of global central bankers and weak dollar,” he acknowledged.
    Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with vital beneficial properties, whereas Shanghai was within the pink.
    Stock exchanges in Europe had been additionally buying and selling on a constructive word in early offers.
    Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.59 per cent larger at USD 54.70 per barrel. 
    Latest Business News

  • Sensex slips 81 factors; Nifty holds 14,100 degree

    Image Source : PTI Sensex slips 81 factors; Nifty holds 14,100 degree
    Equity benchmark Sensex slipped 81 factors on Thursday, weighed by promoting in IT, banks and consumption shares regardless of a agency pattern in international markets. The 30-share BSE index ended 80.74 factors or 0.17 per cent decrease at 48,093.32. The broader NSE Nifty fell 8.90 factors or 0.06 per cent to 14,137.35.
    Titan was the highest loser within the Sensex pack, shedding round 2 per cent, adopted by Nestle India, HUL, HCL Tech, Infosys, ITC and Kotak Bank.
    On the opposite hand, Bharti Airtel, IndusInd Bank, Axis Bank, Bajaj Finserv and L&T have been among the many gainers.

    “After the US Democrats won the Georgia Senate, global cues were positive in morning trade. Afternoon trade, however, saw profit-taking in FMCG stocks despite which we saw a close above 48K led by financials and metals,” mentioned S Ranganathan, Head of Research at LKP Securities.
    Elsewhere in Asia, bourses in Shanghai, Tokyo and Seoul ended on a optimistic word, whereas Hong Kong was within the crimson.
    Stock exchanges in Europe have been largely buying and selling with beneficial properties in early offers.
    Meanwhile, the worldwide oil benchmark Brent crude was buying and selling 0.02 per cent decrease at USD 54.29 per barrel.
    Latest Business News

  • Macro information, vaccination information, quarterly earnings to drive markets this week: Analysts

    Image Source : FILE PHOTO Macro information, vaccination information, quarterly earnings to drive markets this week: Analysts
    Domestic equities will primarily be pushed by macro-economic information, vaccination information and quarterly earnings this week, in accordance with analysts. The previous week noticed the benchmark indices Sensex and Nifty hitting report ranges each day, buoyed by optimistic international developments and information round rollout of coronavirus vaccination.

    On a weekly foundation, the Sensex superior 895.44 factors or 1.90 per cent, whereas the Nifty climbed 269.25 factors or 1.95 per cent.

    Ajit Mishra, VP-Research, Religare Broking Ltd, stated, “Among the key events, earnings season starts this week with IT major TCS results scheduled on January 8. On the economic front, participants will be eyeing the PMI manufacturing and services data. The overwhelming foreign fund inflow is helping markets to inch higher.”

    He, nevertheless, added that the motion within the benchmark lacked decisiveness final week and there could also be some profit-taking or consolidation going forward.

    Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services Ltd, stated, “December quarterly results and Union Budget will be some of the key event for the market.”

    Vinod Nair, Head of Research at Geojit Financial Services, stated, “The trend in the market will be based on the upcoming corporate earnings release. IT and banking stocks will be in the limelight as major companies in these sectors are expected to kickstart the result season in the coming days.”

    Improvements in company earnings within the upcoming outcome season will preserve the market buoyant, Nair opined.

    Nirali Shah, Senior Research Analyst, Samco Securities, stated, “Market would take cues from global economy especially the US wherein the political transition will witnessits final leg of drama which would drive momentary market movements. With India Inc’s result season commencing, quarterly performance would keep markets buzzing withand IT pack would be first hitting the markets which are largely expected to register fine show.”

    Market gauges BSE Sensex and NSE Nifty completed the 12 months 2020 with total good points of round 15 per cent. The Sensex gained 15.7 per cent whereas the Nifty jumped 14.9 per cent within the 12 months. 
    Latest Business News

  • Stock markets open New Year on excessive observe, Sensex up by 119 factors in early commerce

    Image Source : PTI Sensex up by 119 factors in early commerce
    Key inventory indices Sensex and Nifty opened the New Year on a constructive observe with buyers betting on IT, auto and choose banking and monetary shares. The benchmark BSE Sensex rose by 119.98 factors or 0.25 per cent to 47,871.31 in early commerce.
    The broad-based NSE Nifty breached the 14,000 stage by rising 38.60 factors or 0.28 per cent to 14,020.35 in opening commerce.
    Led by Mahindra & Mahindra, auto shares gained forward of their month-to-month gross sales information. M&M rose probably the most amongst Sensex shares by 2.3 per cent.
     
    SBI, TCS, Infosys, Reliance, Larsen & Toubro and Bajaj Finance had been among the many main gainers.

    Titan, ICICI financial institution and Sun Pharma dropped as a result of revenue reserving. 
    FPIs have been a serious driver of the rally in Indian inventory markets. According to change information, FPIs purchased shares value Rs 1,135.59 crore on a web foundation on Thursday.
    The indices completed the yr 2020 with general beneficial properties of round 15 per cent. The Sensex gained 15.7 per cent whereas the Nifty jumped 14.9 per cent within the yr.
    US markets additionally closed the COVID-19 pandemic-hit yr with file highs on Thursday.
    The S&P 500 index completed with a achieve of 16.3 per cent for the yr, the Nasdaq composite soared 43.6 per cent, whereas the Dow Jones Industrial Average gained 7.2 per cent.
    ALSO READ | Sensex, Nifty lengthen file run on vaccine booster
    Latest Business News

  • Nifty hits 14,000-mark on final buying and selling day of 2020

    Image Source : GOOGLE Nifty hits 14,000 mark for first time Nifty hits 14,000 mark for first time 
    On the final buying and selling day of 2020, the National Stock Exchange breached the 14,000-mark for the primary time to commerce at 14007.5 at 10:40 am. 

    The main gainers embody ONGC, ICICI Bank, HDFC and Bajaj Finserve. On the opposite hand, TCS , Infosys, M&M, Ultratech Cement, HUL, NTPC and SBI dropped.

    In the early session, key benchmark indices Sensex and Nifty traded flat with IT and FMCG shares cancelling out features made by financials and vitality shares.

    Among different Asian markets, Hong Kong benchmark rose by by 0.26 per cent whereas Chinese shares achieve 1.45 per cent. Australian shares dropped 0.80 per cent because of recent curbs to manage COVID-19 instances.

    Notably, Nifty gained the final 1,000 factors (from 13,000 to 14,000) in simply 26 buying and selling periods (beginning November 24), surging 8.2 per cent.
    Latest Business News

  • Sensex, Nifty flat in early commerce, power financials shares advance

    Image Source : PTI Sensex, Nifty flat in early commerce, power financials shares advance
    Key benchmark indices Sensex and Nifty have been buying and selling flat within the early session on the final buying and selling day of 2020 with IT and FMCG shares cancelling out good points made by financials and power shares. After opening on a unfavorable notice, the 30-share BSE Sensex was up by 17.84 factors or 0.04 p.c at 47,764.06 within the morning session.
    The broader Nifty of NSE edged up by 2.25 factors to 13,984.20 with 30 of its constituents buying and selling in inexperienced.
    Among main gainers, ONGC was by 1.55 p.c, ICICI Bank by 0.87 p.c, HDFC by 0.36 p.c, and Bajaj Finserve by 0.58 p.c.
    On the opposite hand, TCS, Infosys, M&M, Ultratech Cement, HUL, NTPC, and SBI dropped.

    Markets have been risky because of the expiry of the derivatives sequence on Thursday.
    The Sensex and Nifty had raced to contemporary file highs on Wednesday on the again of good points in financials, auto and cement counters.
    Although the market is at its costliest valuation degree, FPIs proceed to pump in funds and roll the Indian market larger each day, analysts mentioned.
    Among different Asian markets, Hong Kong benchmark rose by by 0.26 per cent whereas Chinese shares achieve 1.45 per cent. Australian shares dropped 0.80 per cent as a result of contemporary curbs to manage COVID-19 instances. 
    ALSO READ | Sensex, Nifty prolong file run on vaccine booster
    Latest Business News

  • Sensex, Nifty lengthen file run on vaccine booster

    Image Source : PTI Sensex, Nifty lengthen file run on vaccine booster
    Benchmark indices Sensex and Nifty raced to contemporary file highs on Wednesday as good points in financials, auto and IT shares helped markets lengthen their successful run for the sixth straight session. After a risky session, the 30-share BSE Sensex closed up by 133.14 factors or 0.28 per cent at a file excessive of 47,746.22. The barometer scaled its all-time intra-day excessive of 47,807.85.
    The broad-based NSE Nifty rose by 49.35 factors or 0.35 per cent to complete at its lifetime excessive of 13,981.95. It touched all-time peak of 13,997 in intra-day commerce.
    Among main Sensex movers, Ultratech Cement rose over 4 per cent, Bajaj Finance by 2.63 per cent and Maruti by 2 per cent.
    Mahindra and Mahindra, Tech Mahindra, HUL, Kotak Bank, HDFC Bank, Reliance Industries and Asian Paints additionally completed within the inexperienced.
    After opening sturdy, the inventory indices gave up good points because of revenue reserving by traders. However, optimistic tendencies within the European shares helped the indices rebound and finish at file ranges.

    European shares superior on Wednesday because the UK accepted the COVID-19 vaccine developed by AstraZeneca and Oxford University.
    Britain has approved use of a second COVID-19 vaccine, changing into the primary nation to greenlight an easy-to-handle shot that its builders hope will turn into the “vaccine for the world”.
    Asian shares had been blended after a lackluster day on Wall Street. Benchmarks fell in Tokyo and Sydney however rallied in Hong Kong, Seoul and Shanghai.
    Japan’s Nikkei 225 fell 0.5 per cent, a day after it surged greater than 2 per cent to its highest stage in additional than 30 years. In Australia, the S&P/ASX 200 misplaced 0.3 per cent.
    On the opposite hand, Hong Kong’s Hang Seng surged 1.6 per cent, the Shanghai Composite index superior 1 per cent whereas South Korea’s Kospi jumped 1.9 per cent.
    Latest Business News

  • Markets on a roll: Sensex, Nifty scale new peaks, log beneficial properties for fifth day

    Image Source : PTI Markets on a roll: Sensex, Nifty scale new peaks, log beneficial properties for fifth day
    Equity benchmark indices Sensex and Nifty continued their bull run for the fifth straight session on Tuesday to scale new peaks as investor sentiment remained upbeat amid optimistic home and international cues. The BSE gauge Sensex settled with beneficial properties of 259.33 factors or 0.55 per cent at a brand new closing excessive of 47,613.08.
    Starting off on a bullish be aware, the 30-share index went on to hit its all-time intraday excessive of 47,714.55 earlier than paring some beneficial properties.
    Likewise, the NSE barometer Nifty ended larger by 59.40 factors or 0.43 per cent at a contemporary closing excessive of 13,932.60. Intraday, the 50-share Nifty marked its all-time document at 13,967.60.
    On the Sensex chart, IndusInd Bank, Axis Bank, Tech Mahindra, HDFC, ICICI Bank, HCL Tech, HDFC Bank, SBI and ITC have been outstanding gainers.
    On the opposite hand, Nestle, NTPC, PowerGrid, Dr Reddy, Reliance Industries, ONGC and Mahindra & Mahindra have been among the many losers.

    Elsewhere in Asia, most bourses closed with beneficial properties following optimistic international tendencies after the US clears the much-awaited coronavirus aid invoice.
    US President Donald Trump signed into regulation a large USD 2.3 trillion spending invoice that features a USD 900 billion coronavirus aid bundle, averting a authorities shutdown and increasing coronavirus assist to thousands and thousands affected by the financial affect of the pandemic.
    The development of rollout of COVID-19 vaccines in India too uplifted home sentiments, resulting in optimistic momentum throughout all of the sectors, analysts stated.
    Meanwhile, the worldwide oil benchmark Brent crude futures rose 0.88 per cent to USD 51.40 per barrel.
    Foreign portfolio buyers (FPIs) bought shares value a web Rs 1,588.93 crore on Monday, based on alternate knowledge. PTI MKJ MR
    Latest Business News

  • Global traits to information markets this week; indices could witness volatility: Analysts


    Image Source : PTI Global traits to information markets this week; indices could witness volatility: Analysts With no main home occasion lined up this week, fairness markets would take a look at world traits, updates over the brand new virus pressure and progress on vaccination to derive cues for additional motion, analysts stated. Equity markets can also witness volatility amid the month-to-month by-product expiry. “Going ahead, market is likely to maintain its positive momentum on the back of abundant liquidity, effective vaccine rollout and Brexit deal. The UK reached a historic trade deal with the European Union. However, emerging risk pertaining to new coronavirus strain in many parts of Europe may limit upside. The monthly F&O expiry could add to the volatility,” stated Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd. Britain clinched a historic take care of the European Union on Thursday as each side managed to thrash out a post-Brexit free commerce settlement (FTA) simply days earlier than the December 31 deadline. “For the week ahead, concerns regarding fresh cases of the virus will remain in the limelight along with development on Brexit deal. Investors should stay focused on quality sectors and counters and also watch at the trend of FII inflows, which is the main factor of the recent rally. No eventful data and announcements are expected this week,” Vinod Nair, Head of Research at Geojit Financial Services stated. Satish Kumar, Research Analyst, Choice Broking stated that traders ought to preserve a watch on the UK virus state of affairs and progress on vaccination. During the holiday-truncated final week, the BSE benchmark inched up 12.85 factors or 0.02 per cent. Markets had been closed on Friday on account of Christmas. Investment sample of overseas portfolio traders (FPIs), motion of rupee and Brent crude would even be keenly watched by traders.  ALSO READ | India to turn into fifth largest economic system in 2025, third largest by 2030 Latest Business News

  • Indices hit record high; Sensex up 150 pts, Nifty above 13,100

    Equity benchmark indices opened in the green on Wednesday with Sensex up by 277.40 points and Nifty up by 84.85 points.

    The domestic stock markets opened on a positive note today, building on the record closing highs registered in the previous session. At 9:16 am, the 30-scrip BSE Sensex was up by 277.40 points or 0.62 per cent at 44,749.73.Similarly, 50-scrip NSE Nifty was trading at 13,140.00, at 9:16 am, up by 84.85 points or 0.65 per cent.