Report Wire

Tag: stock market stock

  • Sensex climbs 644 factors in early commerce amid agency world cues

    Equity benchmark indices continued to realize on Friday, with the BSE Sensex climbing 644 factors in early commerce, mirroring a agency pattern within the world markets.

    The 30-share BSE Sensex was buying and selling with a soar of 644.15 factors to 52,909.87 in early commerce. The NSE Nifty additionally gained 192.6 factors to fifteen,749.25.

    From the Sensex pack, IndusInd Bank, Hindustan Unilever, Bharti Airtel, Reliance Industries, ExtremelyTech Cement, Dr Reddy’s, ICICI Bank and HDFC Bank had been the key gainers.

    On the opposite hand, Tech Mahindra, Asian Paints and Maruti Suzuki India had been the laggards.

    Elsewhere in Asia, markets in Tokyo, Seoul, Hong Kong and Shanghai had been quoting within the inexperienced in mid-session offers.

    The US markets had ended with features on Thursday.

    “While markets may move sideways in the near-to-medium term, the bears may take a temporary break after the recent sell-offs, with a sharp fall in WTI crude oil prices bolstering the sentiment,” stated Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.

    International oil benchmark Brent crude dipped 0.17 per cent to USD 109.86 per barrel.

    The BSE Sensex gained 443.19 factors or 0.86 per cent to settle at 52,265.72 on Thursday. The NSE Nifty superior 143.35 factors or 0.93 per cent to fifteen,556.65.

    Foreign institutional traders (FIIs) remained web sellers within the capital market, as they bought shares value Rs 2,319.06 crore on Thursday, as per trade information.

  • Stock Market Today: Sensex rises 443 factors, Nifty settles above 15,550 degree mark pushed by auto shares

    Stock Market Today, Share Market Updates: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) gained almost 1 per cent on Thursday led by beneficial properties in cars, info expertise (IT) and pharmaceutical shares regardless of weak spot within the international market.

    The S&P BSE Sensex ended at 52,265.72, up 443.19 factors (0.86 per cent) whereas the Nifty 50 surged 143.35 factors (0.93 per cent) to settle at 15,556.65.

    On the Sensex pack, automakers Maruti Suzuki India and Mahindra & Mahindra (M&M) had been the highest drivers on Thursday adopted by Asian Paints, Bharti Airtel, Tata Consultancy Services (TCS), Wipro, Sun Pharmaceutical Industries, Hindustan Unilever (HUL) and ICICI Bank. In distinction, Reliance Industries (RIL), Power Grid Corporation of India and NTPC ended decrease.

    Among sectors on the NSE, Nifty Auto was the highest gainer on Thursday surging 4.39 per cent. This aside, Nifty IT index rose 1.96 per cent, Nifty Realty climbed 1.66 per cent and Nifty Pharma inched 1.58 per cent.

    In the broader market, the S&P BSE MidCap index rose 296.76 factors (1.40 per cent) to settle at 21,474.82 whereas the S&P BSE SmallCap ended at 24,136.33, up 281.71 factors (1.18 per cent). On NSE, the volatility index or India VIX fell 1.97 per cent to twenty.88.

    “Nifty recovered from the early afternoon selloff on June 23 and closed higher despite fears of rising rates and recession across the globe. Volumes on the NSE were in line with the recent average. Among sectors, Oil & Gas was the main loser while Auto, Realty, Capital Goods, Telecom, IT and Healthcare indices rose the most. Advance decline ratio jumped up to much above 1:1. Small and Midcap indices rose a little more than the Nifty,” stated Deepak Jasani, Head of Retail Research at HDFC Securities.

    Nifty appears to have made the next backside at 15,385 and is now slated to make the next excessive above 15,707. A downward breach of 15,385 might result in all bullish bets being taken off the desk, he added.

    Global market

    Global markets fell on Thursday as buyers fearful that additional rises in rates of interest to quell decades-high inflation would tip economies into recession. The German economic system, Europe’s largest, suffered a pointy lack of momentum on the finish of the second quarter, in line with the most recent Purchasing Managers’ Index, whereas corresponding figures for France additionally confirmed weaker exercise.

    The STOXX share index of 600 European firms fell 1.3 per cent to a brand new low for the 12 months.

    The MSCI all-country share index was down 0.35 per cent, including to its slide of greater than 20 per cent for the 12 months. Both Nasdaq futures and S&P500 futures eased about 0.4 per cent.

    Stocks in Asia had been blended, with South Korea down 1.2 per cent whereas China’s blue chips rose 1.7 per cent, and Japan’s Nikkei was flat.

    -global market enter from Reuters

  • Sensex jumps 438 factors in early commerce; Nifty tops 15,400-mark

    Equity indices made a agency begin on Tuesday, with the BSE benchmark Sensex leaping 438 factors in early commerce in keeping with a constructive pattern in different Asian markets.

    The BSE benchmark was buying and selling with a acquire of 438.48 factors to 52,036.32. The NSE Nifty climbed 139.35 factors to fifteen,489.50.

    From the Sensex pack, Titan, Dr Reddy’s, Tata Steel, State Bank of India and NTPC have been the main gainers in early offers.

    On the opposite hand, Hindustan Unilever Limited, Kotak Mahindra Bank and Bharti Airtel have been the laggards.

    Elsewhere in Asia, markets in Hong Kong, Shanghai, Tokyo and Seoul have been quoting within the inexperienced throughout mid-session commerce.

    “The Asian markets are trading mostly higher on Tuesday as investors overlooked persistent concerns about aggressive hikes in COVID-era rates and their impact on economic growth,” mentioned Mohit Nigam, Head – PMS, Hem Securities.

    The US markets have been closed on Monday for a vacation.

    Meanwhile, worldwide oil benchmark Brent crude jumped 0.96 per cent to USD 115.20 per barrel.

    The BSE benchmark gained 237.42 factors or 0.46 per cent to settle at 51,597.84 on Monday. The NSE Nifty ended 56.65 factors or 0.37 per cent greater at 15,350.15.

    Foreign institutional buyers (FIIs) remained web sellers within the capital market, as they bought shares price Rs 1,217.12 crore on Monday, as per change knowledge.

  • Markets pare early positive aspects; Sensex tumbles 185 factors in uneven commerce

    Equity benchmarks failed to carry on to early positive aspects and got here below promoting strain in a uneven session on Wednesday, with the Sensex tanking 185 factors amid blended traits from world markets.

    High crude oil costs and overseas fund outflows additionally performed spoilsport.

    The 30-share BSE Sensex declined 185.24 factors or 0.33 per cent to settle at 55,381.17. During the day, it dived 474.98 factors or 0.85 per cent to 55,091.43 after an preliminary rally.

    The broader NSE Nifty dipped 61.80 factors or 0.37 per cent to complete at 16,522.75.

    Best of Express PremiumPremiumPremiumPremiumPremium

    From the Sensex pack, Nestle India, Tech Mahindra, Bajaj Finserv, Sun Pharma, Hindustan Unilever, PowerGrid, ExtremelyTech Cement, HCL Technologies, Wipro, Infosys and Bajaj Finance have been among the many main laggards.

    In distinction, M&M, HDFC, Kotak Mahindra Bank, HDFC Bank and Tata Steel have been among the many gainers.

    Elsewhere in Asia, markets in Shanghai and Hong Kong ended decrease, whereas Tokyo settled within the inexperienced.

    Bourses in Europe have been buying and selling on a blended notice through the afternoon commerce. Stock markets within the US had ended decrease on Tuesday.

    Meanwhile, worldwide oil benchmark Brent crude jumped 1.49 per cent to USD 117.27 per barrel.

    Foreign institutional traders offloaded shares price a web Rs 1,003.56 crore on Tuesday, as per inventory change information.

  • Stock Market Today: Sensex falls 236 factors, Nifty ends at 16,125; IT, pharma, metals drag

    The benchmark fairness indices on BSE and National Stock Exchange (NSE) ended round 0.5 per cent decrease on Tuesday weighed by info know-how (IT), pharmaceutical, metallic and fast-moving shopper items shares.

    The S&P BSE Sensex fell 236.00 factors (0.43 per cent) to finish at 54,052.61 whereas the Nifty 50 slipped 89.55 factors (0.55 per cent) to settle at 16,125.15. Both the indices had opened on a flat be aware and inched increased within the early commerce however later gave up their beneficial properties and slipped decrease.

    On the Sensex pack, Tech Mahindra was the highest loser on Tuesday falling practically 4 per cent. It was adopted by Hindustan Unilever, HCL Technologies, Asian Paints, NTPC, Infosys, Tata Steel, Axis Bank and Bajaj Finserv. In distinction, Dr. Reddy’s Laboratories, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, HDFC Bank, Power Grid Corporation of India and Nestle India have been the highest gainers.

    Among the sectoral indices, the Nifty Media index crashed 2.57 per cent, Nifty IT fell 1.88 per cent, Nifty Pharma declined 1.53 per cent, Nifty FMCG dropped 1.30 per cent and Nifty Metal index slipped 1.17 per cent. On the opposite hand, Nifty Financial Services rose 0.32 per cent and the important thing Nifty Bank inched 0.12 per cent.

    In the broader market, S&P BSE MidCap index ended at 22,259.55, down 189.77 factors (0.85 per cent) whereas the S&P BSE SmallCap settled at 25,883.85, down 298.21 factors (1.14 per cent). On NSE, the volatility index or India VIX rose 9.56 per cent to 25.6350.

    “Anxiety of slowing economy & rising interest rates underpinned by soaring inflation continued to haunt the global market. The UK and Eurozone composite PMI registered the slowest rise in business activity in the month of May, worsening global investor risk sentiment. On the domestic front, while all major sectors succumbed to the pressure, the auto sector bucked the market trend this month gaining on fuel price cut and rise in steel custom duty,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

    Global market

    Shares slid worldwide on Tuesday as fears about weak earnings and slowing development punctured the current mini-rally, whereas hawkish remarks from European Central Bank Chief Christine Lagarde reminded edgy markets that fee hikes loom.

    Nasdaq futures misplaced 2.06 per cent, with merchants blaming an earnings warning from Snap which noticed shares within the Snapchat proprietor tumble 28 per cent, whereas S&P 500 futures slipped 1.47 per cent. That adopted a 1.4 per cent fall in MSCI’s broadest index of Asia-Pacific shares exterior Japan, whereas the benchmark STOXX index of European shares fell 1.1 per cent.

    -global market enter from Reuters

  • Stock Market Today: Indices finish a tad decrease publish unstable session, Nifty slips 51 factors; Metals drag

    Stock Market Today, Share Market Updates: The benchmark fairness indices erased their intraday beneficial properties and ended with marginal losses following a unstable session and a pointy selloff in metallic shares on Monday.

    The S&P BSE Sensex slipped 37.78 factors (0.07 per cent) to finish at 54,288.61 whereas the Nifty 50 fell 51.45 factors (0.32 per cent) to settle at 16,214.70. Both the indices had opened on a optimistic word and rose round 1 per cent greater through the intraday commerce with the Sensex touching a excessive of 54,931.30 and the broader Nifty scaling 16,414.70.

    On the Sensex pack, Tata Steel was the highest loser on Monday, crashing over 12.5 per cent, adopted by Ultratech Cement, ITC, Power Grid Corporation of India, Housing Development Finance Corporation (HDFC) and HDFC Bank. On the opposite hand, Mahindra & Mahindra (M&M), Maruti Suzuki India, Hindustan Unilever, Larsen & Toubro (L&T), Asian Paints and Kotak Mahindra Bank have been the highest gainers.

    Among the sectoral indices on NSE, the Nifty Metal index tanked 8.14 per cent dragged by Jindal Steel & Power, Jindal Stainless (Hisar), JSW Steel and Tata Steel after the federal government this weekend imposed export duties on iron ore and a few metal intermediaries. On the opposite hand, the Nifty Auto rose 1.84 per cent pushed by beneficial properties in Ashok Leyland, M&M and Maruti Suzuki.

    Best of Express PremiumPremiumPremiumPremiumPremium

    In the broader market, the S&P BSE MidCap index ended at 22,449.32, down 57.53 factors (0.26 per cent) whereas the S&P BSE SmallCap settled at 26,182.06, down 169.23 factors (0.64 per cent). The volatility index or India VIX on NSE rose 1.28 per cent to 23.40.

    “As investors await on the last leg of earnings results, the primary focus in the coming weeks will be on the central banks’ policy measures to stabilise inflation. Changes in oil prices and amendments to import and export duties might play a role in assessing the market’s trajectory. However, continuous FII sale and plunging rupee, are likely to have economic implications in the near-term. Overall, the Indian economy has been resilient despite the volatile environment. Globally, the Russia-Ukraine crisis and supply chain disruptions continue to impact global and Indian equities,” mentioned Arafat Saiyed, Senior Research Analyst at Reliance Securities.

    Global market

    World shares have been blended in cautious buying and selling Monday after Wall Street dipped as soon as once more to the sting of a bear market. Benchmarks rose in Frankfurt, London and Tokyo and fell in Paris and Hong Kong. US futures and oil costs rose.

    Germany’s DAX gained 0.5 per cent to 14,050.17 and the CAC 40 in Paris misplaced 0.2 per cent to six,271.49. Britain’s FTSE 100 rose 0.6 per cent to 7,437.36. The futures for the S&P 500 and the Dow industrials have been each 0.4 per cent greater.

    In Asian buying and selling, the Nikkei 225 in Tokyo gained 1 per cent to 27,001.52. South Korea’s Kospi climbed 0.3 per cent to 2,647.38. Australia’s S&P/ASX 200 edged 0.1 per cent greater to 7,148.90 after Australia’s center-left opposition social gathering on Saturday toppled the conservative authorities that had held energy for nearly a decade.

    -global market enter from AP

  • Stock Market Today: Sensex surges over 1,000 factors in early commerce, Nifty above 16,100-mark on constructive international cues

    Stock Market Today, Share Market Updates: The topline fairness indices opened over 1.5 per cent greater on Friday taking cues from their Asian friends which rose after China lower a key lending benchmark to help a slowing economic system.

    At 9:24 am, the S&P BSE Sensex was up 1,006.38 factors (1.91 per cent) at 53,798.61 whereas the Nifty 50 was buying and selling at 16,122.55, up 313.15 factors (1.98 per cent).

    On the Sensex pack, all of the shares have been buying and selling greater within the early commerce led by Tata Steel, Dr. Reddy’s Laboratories, Bharti Airtel, State Bank of India (SBI), Sun Pharmaceutical Industries and Hindustan Unilever(HUL).

    Speaking on the sharp market actions, V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services mentioned, “The excessive volatility in the market is broadly due to two reasons. One, the market has discounted severe monetary tightening by the Fed which is likely to take the Fed funds rate to around 3 per cent in 2023. Two, the market has not fully discounted the probability of the US economy slipping into recession in 2023. Till there is clarity on the second issue, the ‘risk-off, risk-on mode’ in the market is likely to continue in the near-term. It may take a few weeks for the markets to stabilize.”

    On the worldwide entrance, he famous “It is important to appreciate the fact that the dominant feature of this market is bearish in the short-term. Nasdaq is 30 per cent down from the peak and S&P 500 is 19 per cent down from the peak. These are reflections of weakness in the market.”

    For India, Vijayakumar mentioned that the international institutional traders (FIIs) are more likely to proceed promoting since India is the one rising market the place they’re sitting on good earnings and the market gives the liquidity to promote.

    Global market

    Asian shares jumped in early commerce on Friday after China lower a key lending benchmark to help a slowing economic system, however a gauge of world equities remained set for its longest weekly dropping streak on report amid investor worries about sluggish progress. China lower its five-year mortgage prime charge (LPR) by 15 foundation factors on Friday morning, a sharper lower than had been anticipated, as authorities search to cushion an financial slowdown, although it left the one-year LPR unchanged. The five-year charge influences the pricing of mortgages.

    MSCI’s broadest index of Asia-Pacific shares exterior Japan rapidly constructed on early positive aspects after the lower, and was final up 1.4 per cent. Chinese blue-chips have been 1.1 per cent greater in early commerce and Hong Kong’s Hang Seng index jumped greater than 2 per cent, whereas Australian shares rose 1.3 per cent. In Tokyo, the Nikkei inventory index gained 1 per cent.

    The positive aspects in Asia got here after a late rally on Wall Street petered out, leaving the Dow Jones Industrial Average down 0.75 per cent, the S&P 500 0.58 per cent decrease and the Nasdaq Composite off by 0.26 per cent.

    -global market enter from Reuters

  • Stock Market Today: Sensex crashes 1,416 factors, Nifty ends close to 15,800-mark amid weak international cues

    Stock Market Today, Share Market Updates: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) crashed over 2.6 per cent on Thursday monitoring a fall within the international markets.

    The S&P BSE Sensex crashed 1,416.30 factors (2.61 per cent) to finish at 52,792.23 whereas the Nifty 50 fell 430.90 factors (2.65 per cent) to settle at 15,809.40. Both the indices had opened over 1.8 per cent decrease earlier within the day and declined additional because the commerce progressed with the Sensex falling to an intraday low of 52,669.51 and the broader Nifty touched 15,775.20.

    On the Sensex pack, 28 out of 30 shares ended within the purple. HCL Technologies, Wipro, Infosys, Tata Consultancy Services (TCS), Tech Mahindra, Tata Steel, IndusInd Bank, Kotak Mahindra Bank and Mahindra & Mahindra (M&M) had been the highest losers on Thursday. Only ITC and Dr. Reddy’s Laboratories ended within the inexperienced.

    In the broader market, the S&P BSE MidCap index ended 602.43 factors (2.66 per cent) decrease at 22,069.73. Mphasis, MindTree, Info Edge (India), Nippon Life India Asset Management, Indraprastha Gas and Canara Bank had been the among the many prime laggards right here. Likewise, the S&P BSE SmallCap fell 603.74 factors (2.29 per cent) to settle at 25,801.04. On NSE, the volatility index or India VIX surged 10.14 per cent to 24.56.

    All the sectoral indices on NSE ended with sharp cuts on Thursday. The Nifty IT index was the highest loser on Thursday, falling 5.74 per cent dragged by the shares of Mphasis, L&T Technology Services and Coforge. The NIfty Metal index too fell 4.08 per cent weighed by Vedanta, JSW Steel and Tata Steel. The key Bank Nifty declined 2.48 per cent led by a fall in Bandhan Bank, IndusInd Bank and IDFC First Bank.

    “The recent earnings reported by the US retailers reflected the heat of high retail inflation, resulting in the rout in Wall Street. Persistent offloading by foreign investors along with mounting fears of an economic slowdown wreaked havoc in the domestic market. In this highly volatile market, investors can focus on sectors like FMCG, Pharma, Capital goods and manufacturing whose valuations are moderate and reasonable on a long term basis,” stated Vinod Nair, Head of Research at Geojit Financial Services.

    Global market

    Shares declined in Europe and Asia on Thursday after a broad retreat on Wall Street triggered by worries over the impression of persistent excessive inflation on company earnings and shopper spending. US futures had been decrease, whereas oil costs superior.

    Germany’s DAX misplaced 2 per cent to 13,731.64 and the CAC 40 in Paris declined 1.9 per cent to six,234.78. Britain’s FTSE 100 shed 1.7 per cent to three,537.99. The future for the S&P 500 was 1 per cent decrease whereas the long run for the Dow Jones Industrial Average sank 0.9 per cent.

    The Dow industrials sank greater than 1,100 factors, or 3.6 per cent on Wednesday, and the S&P 500 had its greatest drop in practically two years, shedding 4 per cent. That was its steepest decline since June 2020. The tech-heavy Nasdaq fell 4.7 per cent.

    The Nikkei 225 in Tokyo misplaced 1.9 per cent to 26,402.84 and the Hang Seng in Hong Kong dropped 2.5 per cent to twenty,120.60. In South Korea, the Kospi shed 1.3 per cent to 2,592.34, whereas Australia’s S&P/ASX 200 gave up 1.7 per cent to 7,064.50. The Shanghai Composite index reversed earlier losses, gaining 0.4 per cent to three.096.96.

    -global market enter from AP

  • Markets rebound after heavy fall in earlier commerce; Sensex rallies over 635 factors

    The Sensex rebounded in early commerce on Friday after falling sharply the day past and jumped over 635 factors, in tandem with rally in Asian markets and shopping for in index main Reliance Industries.

    The 30-share BSE Sensex was buying and selling 635.43 factors larger at 53,565.74. The broader NSE Nifty jumped 186.4 factors to fifteen,994.40.

    Among the Sensex corporations, Sun Pharma, Bajaj Finserv, Titan, Bajaj Finance, IndusInd Bank, Reliance Industries, Dr Reddy’s and Tata Steel have been the key gainers in early commerce.

    In distinction, NTPC and TCS have been the laggards.

    Markets in Asia have been buying and selling within the inexperienced, with Tokyo, Hong Kong, Seoul and Shanghai quoting considerably larger.

    “Asian stocks rose on Friday in a roller coaster ride amid a bout of calm in global markets,” mentioned Deepak Jasani, Head of Retail Research, HDFC Securities.
    Stock exchanges within the US had ended on a combined be aware on Thursday.

    Meanwhile, worldwide oil benchmark Brent crude jumped 1.57 per cent to USD 109.14 per barrel.

    The Sensex tumbled 1,158.08 factors or 2.14 per cent to finish at 52,930.31 on Thursday. The NSE Nifty plunged 359.10 factors or 2.22 per cent to settle at 15,808.

    Continuing their promoting spree, international institutional traders offloaded shares price Rs 5,255.75 crore on Thursday, in keeping with inventory trade knowledge.

    Prashanth Tapse, Vice President (Research), Mehta Equities Ltd, mentioned, warning will nonetheless prevail amongst the traders after the CPI inflation galloped to 8-year excessive of seven.79 per cent.

    India’s headline inflation galloped for a seventh straight month to the touch an 8-year excessive of seven.79 per cent in April on rising meals and gas costs, elevating the chances of an rate of interest hike by the RBI early subsequent month to tame costs.

  • Sensex falls 2%, Rupee at file low

    Domestic inventory markets on Thursday plummeted 2.2 per cent as fears over excessive inflation and the potential for additional hikes in rates of interest made traders nervous, resulting in promoting strain.

    The benchmark Sensex dove 1,158 factors to 52,930.31 and the NSE Nifty by 359 factors at 15,808.00 because the broad sell-off, led by overseas traders, hit sentiment.

    The rupee, in the meantime, fell to a file low for a second time this week, hitting 77.63 towards the greenback in intra-day commerce. The forex, nevertheless, made a partial restoration to settle at 77.50.

    With Thursday’s fall, the Sensex has fallen 2,772 factors within the final six classes as world markets had been anxious about rising inflation numbers and rates of interest. Banking, monetary, energy, utilities and metallic shares led the sell-off.

    Foreign portfolio traders (FPIs) pulled out Rs 5,255 crore on Thursday, taking the full FPI outflows in May to Rs 28,921 crore. However, home institutional traders pumped Rs 4,815 crore into shares, with web investments in May thus far at Rs 23,565 crore.

    Consumer Price Index (CPI)-based inflation in April was at 7.79 per cent towards 6.95 per cent in March and 4.21 per cent within the year-ago month, official knowledge confirmed Thursday.