Tag: broader market indices

Indian benchmark indices regained their charm after initial weakness today(11th Oct.2021) even as weak global cues weighed on investor morale. Expectation of a better September quarter earnings kept buying intact in most counters.IT stocks were the biggest drags on indices as the underwhelming earnings report by TCS disappointed investors. Rest of the sectors saw heavy buying. After opening in the red, benchmark indices climbed higher. At 10.55 am, BSE flagship Sensex was up 247 points or 0.41 per cent to 60,306. NSE benchmark Nifty advanced 95 points or 0.53 per cent to 17,990. The index hit 18,000 mark during the day. “On the technical front, markets are in a structurally positive trend. Strong support can be seen at 17,700 level and 18,100 level may act as a near-term resistance in Nifty50,” said an expert. Read more

Tata Motors, IndusInd Bank, Eicher Motors, ICICI Bank, SBI Life Insurance, and Reliance Industries were among other gainers.ONGC was the top loser in the pack, down 2.17 percent. Divi’s Labs and Britannia Industries were among those that traded in the red. FACTORS DRIVING MARKETS: Crude oil cools off: Oil prices dropped back from multi-year highs hit a day earlier, having been a major contributor to this week's equities sell-off. Gas prices also fell, a day after Russian leaders indicated that supply to Europe could increase. Read more

The Indian benchmark indices, led by a positive global market setup, hit new record highs at opening tick today(3rd September 2021). The BSE Sensex valued past the 58,000 marks for the first time. It rose 200 points to 58,081. Meanwhile, NSE Nifty also hit a new peak of 17,300, up 55 points. Kotak Bank, Titan, RIL, and IndusInd Bank were the top gainers in the 30-pack index while HCL Tech, TCS, Nestle India, and Maruti were the top losers. Broader market indices rose in tandem with the benchmark. BSE Midcap and Smallcap were up between 0.4-0.5 percent. Globally, the S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain after data showed the number of Americans filing new claims for jobless benefits fell to the lowest since March 2020. The Dow Jones Industrial Average rose 0.37 percent, the S&P 500 gained 0.28 percent, and the Nasdaq Composite added 0.14 percent. Read more

Weak global cues and some disappointing shows by India Inc. in the June quarter pushed benchmark indices lower today(27th July 2021), wiping off early gains. Pharma stocks were among the biggest drags. Investors grew nervous on the back of selling across Chinese markets by global funds. On the other hand, certain pockets across the broader market like textile exporters and coffee stocks posted smart gains on the back of rising coffee futures, according to an analyst. The 30-share pack Sensex declined 273.51 points or 0.52 percent to close at 52,578.76. The index fell nearly 450 points from its highs. Its broader peer NSE Nifty fell 78 points or 0.49 percent to 15,746.45. Barring Nifty Metal and Nifty PSU Bank that rose 1.46 percent and 0.38 percent, respectively, all other sectoral indices on NSE ended in the red. Nifty Pharma tanked the most at 4.33 percent. Nifty Private Bank and Nifty Realty fell about a percent each. Read more

Indian benchmark indices plunged today(19th July 2021) joining the global sell-off on unchecked virus surge in parts of Asia and faltering economic growth. Metal and banks were among the biggest losers on indices. The 30-share pack Sensex declined 586.66 points or 1.1 percent to close at 52,553.40.NSE Nifty dipped 171 points or 1.07 percent to 15,752.40. During the sell-off, equity investors lost Rs 1.16 lakh crore as the total market capitalization of BSE-listed companies rose to Rs 234.46 lakh crore. "Shadowing global sell-off, Indian indices slipped, succumbing to world inflation woes, FOMC meeting next week and rising covid cases. Banks led the domestic downtrend as initial quarterly results pointed to cautious asset quality due to the impact of the second wave,” said an expert. Read more