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Tag: sensex price today

  • Sensex climbs over 500 factors in early commerce to reclaim 50,000-mark

    The benchmark fairness indices on the BSE and National Stock Exchange climbed over 1 per cent within the early commerce on Thursday as buyers regarded previous surging coronavirus (COVID-19) circumstances and targeted on March quarter (This autumn) earnings experiences from blue-chip corporations forward of the expiry of April-series futures and choices (F&O) contracts later within the day.
    The S&P BSE Sensex breached the 50,000-mark whereas the Nifty 50 reclaimed the 15,000-levels. At 9:41 am, the Sensex was buying and selling at 50,277.73, up 543.89 factors (1.09 per cent) whereas the broader Nifty was at 15,027.95, up 163.40 factors (1.10 per cent).
    Reliance Industries (RIL), Bajaj Finance, HDFC Bank, HDFC and Axis Bank had been among the many prime gainers within the early commerce on Thursday.
    Among sectoral indices, the important thing Nifty Bank index was buying and selling over 0.75 per cent led by IndusInd Bank, Axis Bank and The Federal Bank. The Nifty Financial Services too was almost 1 per cent led by Bajaj Finance and Bajaj Finserv. The Nifty Metal index was up over 2.5 per cent led by Tata Steel, MOIL and Hindalco Industries.
    In the earlier session, Sensex surged 789.70 factors (1.61 per cent) to settle at 49,733.84, and Nifty jumped 211.50 factors (1.44 per cent) to finish at 14,864.55.
    “The resilience of the market amidst the gloomy pandemic- related news has taken most market players by surprise. Amidst many walls of worries, Nifty has gained more than 500 points during the last 5 trading sessions. The favourable global market scenario is playing an important role in this vaccine-powered hope trade. The FOMC meet, as expected, has kept rates and the bond-buying program unchanged, reiterating the accommodative stance. Sustained bond-buying has the risk of higher asset price inflation and froth in the market. Even while enjoying the bull run investors have to be guarded against potential froth and bubbles. The localised lockdowns & curfews have not impacted industrial activity much but there is a downside risk to GDP growth & earnings estimates. The pain in segments like aviation, hotels, restaurants and retail trade will linger for some time. Financials have emerged stronger after the initial good Q4 results,” V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services stated in a press release earlier within the day.
    Global market
    Asian shares rose in early commerce on Thursday after the U.S. Federal Reserve stated it was too early to contemplate rolling again emergency help for the financial system, and as US President Joe Biden unveiled plans for a $1.8 trillion stimulus bundle.
    Fed Chair Jerome Powell stated on Wednesday that “it is not time yet” to start discussing any change in coverage after the US central financial institution left rates of interest and its bond-buying programme unchanged, regardless of taking a extra optimistic view of the nation’s financial restoration.
    MSCI’s broadest index of Asia-Pacific shares outdoors Japan was up 0.1 per cent. Australia’s S&P/ASX 200 edged up 0.31 per cent, as robust oil costs lifted vitality shares. China’s blue-chip CSI300 index was 0.65 per cent greater in early commerce. Hong Kong’s Hang Seng index opened up 0.7 per cent, Seoul’s KOSPI added 0.37 per cent and Taiwan shares rose 0.48 per cent. Markets in Japan had been closed for a vacation however Nikkei futures edged 0.05 per cent greater to twenty-eight,970.
    –with inputs from Reuters

  • Sensex crashes over 1,200 factors in early commerce amid rising COVID-19 instances

    The benchmark fairness indices on the BSE and the National Stock Exchange (NSE) opened over 2 per cent decrease on Monday amid the surging coronavirus (COVID-19) instances throughout the nation.
    At 9:24 am, the S&P BSE Sensex was down 1,241.83 factors (2.54 per cent) at 47,590.20, whereas the broader Nifty 50 was at 14,247.95, down 369.90 factors (2.53 per cent).
    India reported 2,73,810 new Covid-19 instances and 1,619 deaths within the final 24 hours on Monday, in keeping with knowledge from the Union Health Ministry. Follow COVID-19 LIVE updates

    Housing Development Finance Corporation (HDFC), ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Reliance Industries (RIL) have been the highest contributors to Sensex’s fall earlier within the day.
    The key sectoral index — Bank Nifty — was down over 4.5 per cent early commerce dragged by RBL Bank, IDFC First Bank and AU Small Finance Bank. It was adopted by Nifty Financial Services was down over 4 per cent weighed by Bajaj Finance, Piramal Enterprises and HDFC.
    Global market
    Asian shares hovered close to 1-1/2 week highs on Monday helped by expectations financial coverage will stay accommodative the world over, whereas COVID-19 vaccine rollouts assist ease fears of one other harmful wave of coronavirus infections.
    MSCI’s broadest index of Asia-Pacific shares outdoors Japan was final at 695.59, inside hanging distance of Friday’s excessive of 696.48 – a stage not seen since Apr. 7. The index jumped 1.2 per cent final week and is up 5 per cent to date this yr, on observe for its third straight yearly achieve.

    Australian shares have been 0.25 per cent greater whereas New Zealand’s benchmark index and South Korea’s KOSPI added 0.4 per cent every. Japan’s Nikkei eased 0.4 per cent.
    –world market enter from Reuters

  • Investors’ wealth tumbles over Rs 6.86 lakh crore in morning commerce as markets crack

    Investors’ wealth tumbled by Rs 6,86,708.74 crore in morning commerce on Monday following huge losses within the fairness market as sentiments remained muted amid rising COVID-19 circumstances within the nation.
    The 30-share BSE benchmark index plunged 1,479.15 factors to 48,112.17 in morning commerce.
    Tracking losses in equities, the market capitalization of BSE-listed firms eroded by Rs 6,86,708.74 crore to Rs 2,02,76,533.13 crore.

    IndusInd Bank was the most important loser among the many 30-share firms pack, declining over 7 per cent, adopted by SBI, Bajaj Finance and Axis Bank.
    “Domestic equities don’t look to be inspiring in the meanwhile. A pointy improve in COVID-19 every day circumstances within the nation, and risk of enormous financial restrictions are anticipated to maintain traders nervous within the close to time period. Further, the potential for lockdown in giant states like Maharashtra will weigh on traders’ sentiments.

    “Additionally, recent weakness in INR may also aggravate investors’ concerns. However, 4Q FY21 earnings, wherein IT majors are scheduled to deliver their numbers this week, are to be in focus,” stated Binod Modi, Head Strategy at Reliance Securities.

  • Sensex shrugs off Covid surge on vaccination, restoration hopes

    Despite the rise in US bond yields and the autumn within the rupee, home markets jumped by 2.30 per cent amid expectations of the restoration within the economic system and vaccination drive. The benchmark Sensex rallied 1,128 factors to 50,136.58 and the NSE Nifty Index gained 338 factors to 14,845.10 on all-round shopping for help.
    The rupee slumped 87 paise to shut at 73.38 in opposition to the US greenback as rising crude oil costs and a powerful dollar weighed on investor sentiment.
    The fast motive for the autumn was a strengthening greenback and rising bond yields. This pulled down currencies throughout the area however the home foreign money noticed the steepest fall. “Beating worries of increasing Covid cases and rising bond yields, the domestic market sparked a rally today as investors turned their focus to economic recovery supported by vaccination drives. Positive openings seen in Asian and European markets also helped in boosting optimism in the Indian market. Barring realty, all sectorial indices joined the rally with IT and pharma contributing the most,” mentioned Vinod Nair, head-research, Geojit Financial Services.
    Ajit Mishra, VP-research, Religare Broking, mentioned the benchmark opened gap-up, led by supportive world cues and continued to inch larger because the day progressed, because of wholesome shopping for in sectors comparable to IT, FMCG, metals and healthcare. Consequently, the Nifty ended close to day’s excessive at 14,845 ranges, up by 2.3 per cent. The broader markets too resulted in optimistic with positive aspects within the vary of 1-1.3 per cent.
    “It’s surprising the way the benchmark is showing resilience amid mixed cues. Going ahead, upcoming data — core sector and auto sales — along with global cues will remain on the participants’ radar,” he mentioned. Needless to say, the current deterioration of the Covid scenario in India has dented sentiment and will likely be intently watched by the contributors within the coming classes, too.

    ExplainedGlobal cuesThe Suez Canal unblocking and anticipated infrastructure plan from US President Biden additional boosted market sentiment.

    The unblocking of the Suez Canal and anticipated unveiling of an infrastructure plan from US President Biden additional buoyed the emotions on the Street.
    The benchmark US Treasury yield hit a 14-month excessive as large banks shed debt holdings forward of a March 31 regulatory change. The 10-year yield on Tuesday rose as excessive as 1.776 per cent in early London commerce, its highest since January 2.
    Meanwhile, Brent fell 31 cents, or 0.5 per cent, to $64.67 a barrel by 1511 GMT. West Texas Intermediate oil was down 47 cents, or 0.8 per cent, to $61.09.

  • Sensex slips over 1,000 factors in early commerce to slide beneath 50,000-mark on international cues

    The benchmark fairness indices on the BSE and National Stock Exchange (NSE) opened 2 per cent decrease on Friday monitoring the weak point within the broader Asian indices which fell to one-month lows as a rout in international bond markets despatched yields flying and spooked traders amid fears the heavy losses suffered might set off distressed promoting in different belongings.
    At 9:16 am, the S&P BSE Sensex was down 1,071.08 factors (2.10 per cent) to slide beneath the 50,000-mark at 49,968.23, whereas the broader Nifty 50 dipped beneath the 15,000-level and was buying and selling at 14,790.25, down by 307.10 factors (2.03 per cent).
    On Thursday, the 30-share BSE benchmark ended 257.62 factors (0.51 per cent) greater at 51,039.31. While the Nifty rose 115.35 factors (0.77 per cent) to fifteen,097.35.

    HDFC Bank, ICICI Bank, Housing Development Finance Corporation (HDFC) and Reliance Industries (RIL) had been the highest contributors to the autumn in Sensex throughout the early commerce on Friday.
    Among the sectoral indices on NSE, the Nifty Bank index was down practically 2.5 per cent within the early commerce on Friday dragged by Bank of Baroda, RBL Bank and IndusInd Bank. The Nifty Financial Services index too was down over 2 per cent weighed by Shriram Transport Finance Company, Mahindra & Mahindra Financial Services and HDFC.
    The broader market indices too had been buying and selling decrease according to the benchmark indices. At 9:38 am, the S&P BSE MidCap index was buying and selling at 20,223.89, down 109.91 factors (0.54 per cent), whereas the S&P BSE SmallCap was at 20,242.85, down 62.13 factors (0.31 per cent).
    The volatility index or India VIX was up 9.14 per cent at 24.9850 at 9:42 am.
    Global market
    Asian shares skidded to one-month lows on Friday as a rout in international bond markets despatched yields flying and spooked traders amid fears the heavy losses suffered might set off distressed promoting in different belongings.
    The scale of the selloff prompted Australia’s central financial institution to launch a shock bond shopping for operation to attempt to staunch the bleeding, serving to yields there come off early peaks.
    Yields on the 10-year Treasury be aware eased again to 1.494 per cent from a one-year excessive of 1.614 per cent, however had been nonetheless up a startling 40 foundation factors for the month within the greatest transfer since 2016.
    MSCI’s broadest index of Asia-Pacific shares exterior Japan slid 2.4 per cent to a one-month low, whereas Japan’s Nikkei shed 2.5 per cent.
    Chinese blue chips joined the retreat with a drop of two.5 per cent.

    NASDAQ futures fell 0.5 per cent after a pointy drop in a single day, whereas S&P 500 futures eased 0.1 per cent. EUROSTOXX 50 futures misplaced 1.2 per cent and FTSE futures 1.1 per cent.
    –international market enter from Reuters

  • 50,000 & nonetheless counting: liquidity pushes markets, all eyes on Budget now

    The benchmark Sensex Thursday breached the 50,000-mark for the primary time earlier than retreating to shut at 49,624, a fall of 167 factors or 0.34 per cent over Wednesday’s closing.
    The rise and rise of markets over the previous few months has been pushed by a mix of exterior elements: international liquidity, vaccine hopes, US election end result, alongside the rising power within the home restoration. But market specialists mentioned that the elements shaping its future momentum would be the nature of the federal government’s spending programme to be unveiled within the Budget, the length of RBI’s financial stimulus and the verify on inflation.
    The Sensex, which surged to a excessive of fifty,184, lastly closed the day at 49,624.76, a lack of 560 factors from the day’s excessive degree.
    If the close to 70-per-cent rise in markets since April 1, 2020 has come regardless of the economic system contracting and being caught within the pandemic quicksand, market contributors stay optimistic over the movement of funds into Indian equities by international portfolio traders. Between April 1 and January 21, the FPIs have invested a web of Rs 2,41,021 crore into Indian equities, the very best ever in any yr.
    Rashesh Shah, chairman and CEO, Edelweiss Group, mentioned that if a easy transition within the US has been an enormous optimistic, the bounce-back in home economic system has been very sturdy given the uptick in metal, cement, auto, actual property and in broader consumption. Arguing that the economic system wants help for a minimum of another yr earlier than it may well take off by itself, Shah mentioned: “For the next 12-18 months, the government needs to spend and they have got the liberty to spend because of Covid; even the RBI needs to maintain its liberalism. Spike in inflation and early tightening of monetary policy by RBI are the biggest risks for now.”

    There is a broader sense that with the worldwide liquidity persevering with and an extra US stimulus on its approach, the markets are prone to proceed with their upward motion for now.
    “Overall, we expect the upward journey to continue on the back of healthy corporate earnings, strong liquidity, positive developments on the vaccine front, broad-based economic recovery and low interest rates,” mentioned Motilal Oswal, MD&CEO, Motilal Oswal Financial Services. “Buzz around the upcoming Budget has also added strength to the markets.”
    While the acquire of 5,000 factors in Sensex has are available in round 32 buying and selling periods, Deepak Jasani, Head of Retail Research, HDFC Securities, mentioned that this displays the expectations of a turnaround within the economic system post-Covid vaccinations and continued FPI inflows. “After the Budget, we may witness a temporary brake to the uptrend and further up move from hereon will depend on the pace of economic and corporate earnings growth and the trajectory of inflation and interest rates in India and the world,” Jasani mentioned.

    Significantly, the surge has not been restricted to a couple shares and sectors. If the Sensex has risen by 68 per cent, the mid and small cap indices at BSE are up 80 per cent and 93 per cent respectively in the identical interval. Among sectoral indices, whereas Auto index has jumped 117 per cent, steel and IT indices are additionally up by 110 per cent and 105 per cent respectively. Technology, capital items and healthcare, banking and client sturdy indices, too, are up by over 60 per cent.
    Indices embody better-run firms and so the rise in additionally reflective of the truth that good and robust firms have performed effectively. Investors must be cautious whereas venturing into random shares within the mid and small cap area.
    Waqar Naqvi, CEO, Taurus Mutual Fund, mentioned that the rally in banking, PSU, metals, auto and IT sectors helped the Sensex contact 50,000. “If midcap stocks join the party, which is a high probability, on the back of the vaccinations and anticipated announcements in the central Budget to boost demand, the stock markets should continue to do well in the foreseeable future. From this level, minor ups and downs are not going to bother investors,” he mentioned.