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Tag: sensex index

  • 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.

  • Domestic shares edge larger on pharma, client positive factors

    Indian shares inched larger on Thursday, led by power in client items and pharmaceutical shares, though fears that the U.S. Federal Reserve would go for extra aggressive charge hikes attributable to hovering inflation stored a lid on positive factors.

    The NSE Nifty 50 index was up 0.2% at 16,004, as of 0359 GMT, whereas the S&P BSE Sensex rose 0.18% to 53,607.90.

    U.S. client costs accelerated in June, ensuing within the largest annual enhance in inflation in 40-1/2 years and cementing the case for the Fed to hike rates of interest by 75 foundation factors later this month.

    A stronger home inflation knowledge earlier this week additionally boosted prospects of extra charge hikes by the Reserve Bank of India subsequent month.

    The Indian rupee hit a file low for the fourth straight session in opposition to the greenback on extra safe-haven flows into the dollar and outflows from home equities.

    The Nifty pharma index rose 1%, whereas the fast- shifting client good index gained 0.6%.

  • Sensex climbs almost 160 factors in early commerce

    The BSE benchmark index Sensex climbed almost 160 factors in early commerce on Monday, monitoring features in index majors RIL, ICICI Bank and ITC amid a combined pattern in world markets.

    The BSE benchmark was buying and selling with a acquire of 159.56 factors at 53,067.49 in early commerce. The NSE Nifty additionally went greater by 45.4 factors to fifteen,797.45.

    However, the indices failed to carry on to the features and turned unstable within the morning commerce.

    Among the Sensex pack, IndusInd Bank, ITC, Reliance Industries, Sun Pharma, ICICI Bank, Nestle, Hindustan Unilever and Maruti have been among the many gainers in early commerce.

    Tata Steel, TCS, Mahindra & Mahindra, Wipro, Infosys, Tech Mahindra and HDFC have been among the many laggards.

    Elsewhere in Asia, markets in Tokyo and Shanghai have been buying and selling within the inexperienced, whereas Seoul and Hong Kong quoted decrease.

    The US markets ended with features on Friday.

    “Investors should exercise caution because global trends, crude oil movement, and FII activities may have an impact on market volatility,” Mohit Nigam, Head – PMS, Hem Securities.

    Meanwhile, worldwide oil benchmark Brent crude dipped 0.13 per cent to USD 111 per barrel.

    Foreign institutional traders (FIIs) remained web sellers within the capital market, as they offered shares price Rs 2,324.74 crore on Friday, as per change information.

  • Markets tumble after preliminary rally amid blended international developments

    Equity indices began the commerce on a agency observe on Monday with the Sensex climbing 254 factors, however inside minutes, the benchmarks pared all early beneficial properties to commerce within the unfavorable territory.

    The BSE benchmark was buying and selling with a soar of 253.69 factors at 51,614.11 in early commerce. The Nifty too gained 69.6 factors to fifteen,363.10.

    But, the benchmark indices failed to carry on to the preliminary beneficial properties, with the Sensex quoting 287.1 factors decrease at 51,073.32, whereas the Nifty declined by 94.75 factors to fifteen,198.75.

    From the Sensex pack, Tata Steel, M&M, PowerGrid, Tech Mahindra, Larsen & Toubro and ICICI Bank have been among the many main laggards.

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    On the opposite hand, HDFC, Hindustan Unilever, Sun Pharma and HDFC Bank have been among the many gainers.

    In Asia, markets have been buying and selling on a blended observe, with Tokyo and Seoul quoting decrease, whereas Shanghai and Hong Kong have been buying and selling within the inexperienced.

    Stock exchanges within the US ended principally larger on Friday.

    Meanwhile, worldwide oil benchmark Brent crude dipped 0.18 per cent to USD 112.95 per barrel.

    Foreign institutional buyers (FIIs) remained internet sellers within the capital market, as they offered shares value Rs 7,818.61 crore on Friday, as per change information.

  • Stock Market Today: Indices erase intraday positive factors, finish a tad decrease; Sensex slips 49 factors

    The benchmark fairness indices on the BSE and National Stock Exchange (NSE) erased their intraday positive factors and ended with marginal cuts on Friday.

    The S&P BSE Sensex slipped 48.88 factors (0.09 per cent) to finish at 55,769.23 whereas the Nifty 50 declined 43.70 factors (0.26 per cent) to settle at 16,584.30. Both the indices had opened over 0.75 per cent increased earlier within the day and traded within the optimistic territory by way of a lot of the session earlier than giving up the positive factors and slipping within the purple over the last hour.

    Ultratech Cement, Maruti Suzuki India, NTPC, Axis Bank, Bajaj Finserv, IndusInd Bank, Mahindra & Mahindra (M&M), Bharti Airtel, Tata Steel and State Bank of India (SBI) had been the highest laggards of the day. In distinction, Reliance Industries (RIL), Infosys, Larsen & Toubro (L&T), Sun Pharmaceutical Industries, Tata Consultancy Services (TCS) and Wipro had been the highest gainers.

    Among the sectoral indices on NSE, Nifty Auto fell 1.82 per cent, Nifty Bank declined 0.95 per cent, Nifty Metal slipped 1.27 per cent and Nifty Media crasked 1.52 per cent.

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    In the broader market, the S&P BSE MidCap ended at 22,774.98, down 336.23 factors (1.45 per cent) whereas the S&P BSE SmallCap settled at 26,384.14, down 310.64 factors (1.16 per cent).

    “The late sell-off indicates the lack of confidence in the domestic market driven by the concerns over Central Bank policy. While in the global market, the investors were waiting for the release of US job data. The RBI is expected to hike rates by 25 bps to 35 bps and the Fed by 50 bps, but the outlook & changes in the economic growth and inflation will determine the market trend. If the central banks decide on a stringent policy tightening, the market mood can swing bearish,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global market

    Global shares rose Friday amid blended indicators for buyers comparable to rising power costs and COVID-19 restrictions easing in China.

    European shares edged up in early buying and selling, with France’s CAC 40 gaining 0.3 per cent to six,517.73. Germany’s DAX added 0.3 per cent to 14,528.45, whereas buying and selling was closed in Britain for a nationwide vacation.

    Trading additionally was closed in China for the Dragon Boat Festival, a nationwide vacation. Benchmarks in the remainder of Asia edged increased, cheered by a rally in a single day on Wall Street.

    The future for the Dow industrials was down 0.2 per cent at 33,161.00. The S&P 500 future fell 0.3 per cent to 4,164.75.

    -global market enter from AP

  • Stock Market Today: Sensex surged over 750 factors in early commerce, Nifty over 16,550-mark; IT shares acquire

    The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened over 1 per cent larger on Monday taking cues from their Asian friends.

    At 9:22 am, the S&P BSE Sensex was up 752.85 factors (1.37 per cent) whereas the Nifty 50 was buying and selling at 16,571.00, up 218.55 factors (1.34 per cent).

    On the Sensex pack, all of the shares had been buying and selling larger. Infosys, HCL tech, Wipro, Titan Company, Tech Mahindra and Ultratech Cement had been the highest gainers in early commerce.

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  • Sensex rallies 353 factors in early commerce

    Benchmark indices on Thursday made a agency begin because the Sensex rallied 353 factors in early commerce on shopping for in HDFC twins and ICICI Bank amid optimistic traits in international markets.

    The 30-share BSE Sensex jumped 353.1 factors to 54,102.36 factors. The broader NSE Nifty gained 104.1 factors to 16,129.90 factors.

    From the Sensex pack, Tech Mahindra, Nestle, HDFC Bank, HDFC, ICICI Bank and TCS have been among the many outstanding gainers in early offers.

    In distinction, Asian Paints, Maruti, NTPC, Hindustan Unilever Limited and M&M have been among the many lagards.

    The Sensex tanked 303.35 factors or 0.56 per cent to settle at 53,749.26 factors on Wednesday. The Nifty declined 99.35 factors or 0.62 per cent to finish at 16,025.80 factors.

    Asian markets in Seoul, Shanghai and Tokyo have been buying and selling within the inexperienced whereas Hong Kong quoted marginally decrease.

    Stock markets within the US had ended greater on Wednesday.

    “There are indications of market stabilising and consolidating round present ranges. In the mom market, US, there’s a sturdy view that the fears of recession are overdone.

    “For the Indian economy, elevated crude prices will continue to be a major headwind and sustained FPI selling, which can be expected to continue, will be a major hurdle for the market to rally,” V Okay Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned.

    International oil benchmark Brent crude jumped 0.35 per cent to USD 114.47 per barrel.

    Continuing their promoting spree, international institutional traders offloaded shares value a web Rs 1,803.06 crore on Wednesday, as per inventory change knowledge.

  • Indian share, commodity and foreign money markets closed on account of Holi

    Indian inventory, commodity and cash markets will stay shut on Friday, March 18, 2022, on account of Holi. They will resume buying and selling on Monday, March 21, 2022.

    On Thursday, the S&P BSE Sensex rallied 1,047.28 factors (1.84 per cent) to settle at 57,863.93 whereas the Nifty 50 climbed 311.70 factors (1.84 per cent) to finish at 17,287.05.

    The rupee spurted by 37 paise to shut at 75.84 towards the US greenback on Thursday, supported by optimistic home equities and broad greenback weak spot after the US Federal Reserve hiked charges.

    Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities stated, “Previously, the area of 16,800-17,000 level has acted as a strong support for the market in past and the recent downside breakout of it has resulted in a 1,000 points decline in short span of time. Hence, present decisive upside breakout of this area could indicate continuation of sharp upside momentum for the near term. The potential upside targets to be watched around 17,800-18,000 levels in the next few weeks. Immediate support is placed at 17,050 levels.”

  • Indian share, commodity and forex markets closed on account of Mahashivratri

    Indian inventory, commodity and cash markets will stay shut on Tuesday, March 1, 2022, on account of Mahashivratri. They will resume buying and selling on Wednesday, March 2, 2022.

    On Monday, the S&P BSE Sensex surged 388.76 factors (0.70 per cent) to settle at 56,247.28 whereas the Nifty 50 climbed 135.50 factors (0.81 per cent) to finish at 16,793.90.

    The rupee closed flat at 75.33 towards the US greenback on Monday.

    Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities mentioned, “The short-term trend of Nifty remains positive with range bound action. Any decisive upside breakout of 17,000 levels is likely to pull Nifty towards 17500 levels in a quick period of time. However, an inability of bulls to sustain above 16,800 levels could trigger another round of downward correction to 16,300 levels in the near term.”

  • Indian share, commodity and foreign money markets closed on account of Republic Day

    The Indian inventory, commodity and cash markets will stay shut on Wednesday, January 26, 2022, on account of Republic Day. They will resume buying and selling on Thursday, January 27, 2022.
    On Tuesday, the home inventory markets snapped out of a five-day dropping streak and staged an intra-day comeback. After plunging to a low of 56,409 at one stage, the S&P BSE Sensex rallied 1,448 factors intra-day to shut with a acquire of 367 factors (0.64 per cent) at 57,858.15 whereas the Nifty 50 rose 129 factors (0.75 per cent) to 17,277.95 on cut price searching.
    The rupee declined by 18 paise to shut at 74.78 towards the US greenback.

    Commenting on the outlook for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities mentioned, “The sharp downtrend in the market seems to have halted at the important support and the market is now ready to show upside bounce. A confirmation of bottom reversal as per Tuesday’s low is likely to pull Nifty towards the upper 17,800 levels in the near term. Any dips could find support around 17,100 levels.”