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MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Monday, June 12, 2023

Opening Bell: Indian equity benchmark indices opened with slim gains today(12 June 2023) as Dalal Street awaits consumer inflation for May and IIP data for April later today. The BSE Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600. The broader markets also moved higher. The BSE MidCap and SmallCap indices rose 0.14 percent and 0.4 percent, respectively. Read more

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

Friday, June 9, 2023

Opening Bell: Indian equity markets opened in positive territory in today's( trade, amidst solid global cues. Frontline indices the S&P BSE Sensex surged over 100 points to trade around 62,962 levels, whereas the NSE Nifty50 climbed over 30 points to trade above 18,650 levels. The strength also spread to broader markets, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.2 percent each to outperform benchmark indices. Read more

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

Thursday, June 8, 2023

Opening Bell: Indian markets started on a positive note today( 8 June 2023), ahead of the Reserve Bank of India's (RBI) monetary policy decision. Frontline indices the S&P BSE Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 0.3 percent. Read more

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

Wednesday, June 7, 2023

Opening Bell: Indian markets opened higher in today's(7 June 2023) trade, amidst mixed global cues. Frontline indices the S&P BSE Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels. Broader markets, too, exhibited strength as they outperformed benchmark indices. Nifty Midcap 100, and Nifty Smallcap 100 indices climbed up to 0.5 percent. Read more

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Tuesday, June 6, 2023

Indian markets were flat in today's(6 June 2023) intra-day trade, amid weak global cues. Frontline indices the S&P BSE Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels. Broader markets exhibited volatility as Nifty Midcap 100, and Nifty Smallcap 100 indices swung between red and green. Read more

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Monday, June 5, 2023

Opening Bell: Indian markets opened higher in today's (5 June 2023) trade, following a strong global handover. Frontline indices the S&P BSE Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels. The strength spilled to broader markets too, with Nifty Midcap and Nifty Smallcap indices gaining up to 0.5 percent. Read more

MARKET UPDATE: Sensex fell 200 points to 62,770, and the Nifty50 slipped 62 points to 18,573

MARKET UPDATE: Sensex fell 200 points to 62,770, and the Nifty50 slipped 62 points to 18,573

Wednesday, May 31, 2023

Opening Bell: Indian equity benchmark indices opened with cuts today(31 May 2023) tracking losses in Asian equities ahead of the key vote in the US Congress on raising the borrowing limit. The BSE Sensex fell 200 points to 62,770, and the NSE Nifty50 slipped 62 points to 18,573. The BSE MidCap and SmallCap indices, meanwhile, held relative strength against benchmarks. The former was down 0.1 percent, and the latter was flat. Read more

MARKET UPDATE: Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583

MARKET UPDATE: Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583

Tuesday, May 30, 2023

Opening Bell: Indian equity benchmark indices opened nearly flat today(30 May 2023) tracking the quiet mood across global markets as investors remain on the sidelines ahead of US lawmakers' key vote on lifting the debt limit. The BSE Sensex fell 66 points to 62,780, and the NSE Nifty50 slipped 15 points to 18,583. The broader markets, meanwhile, outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.18 percent versus the nearly flat BSE Sensex index. Read more

MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370

MARKET UPDATE: Sensex gained 160 points to 62,050, and Nifty50 edged 47 points higher to 18,370

Friday, May 26, 2023

Opening Bell: Indian equity benchmark indices opened with nominal gains today(26 May 2023) tracking overnight strength in the US markets. The BSE Sensex gained 160 points to 62,050, and the NSE Nifty50 edged 47 points higher to 18,370. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.3 percent. Read more

MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels

MARKET UPDATE: Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels

Thursday, May 25, 2023

Opening Bell: Indian markets started today's(25 ay 2023) trade on a weak note, amidst mixed global cues. Frontline indices the S&P BSE Sensex traded flat at 61,716 levels, whereas Nifty50 traded below 18,300 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100, and Nifty Smallcap 100 indices slipped up to 0.2 percent. The volatility index, India VIX, declined by over 2 percent. Read more

MARKET UPDATE: Sensex slipped 160 points to trade below 59,000-mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels

MARKET UPDATE: Sensex slipped 160 points to trade below 59,000-mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels

Wednesday, May 24, 2023

Opening Bell: Indian markets opened lower in today's(24 May 2023) trade in tune with the weak global cues. Frontline indices the S&P BSE Sensex slipped 160 points to trade below the 59,000 mark, whereas Nifty50 declined over 50 points to trade below 18,300 levels. Broader markets, meanwhile, exhibited mixed trends as Nifty Smallcap 100 index gained marginally over Nifty Midcap 100 index. Read more

MARKET UPDATE: Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 climbed nearly 50 points to trade above 18,350 levels

MARKET UPDATE: Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 climbed nearly 50 points to trade above 18,350 levels

Tuesday, May 23, 2023

Opening Bell: Indian markets opened higher in today's(23 May 2023) trade, amidst mixed global cues. Frontline indices the S&P BSE Sensex reclaimed 62,000 levels, up over 100 points, while the Nifty50 index climbed nearly 50 points to trade above 18,350 levels. Broader markets, too, edged higher in trade as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 0.4 percent. Read more

MARKET UPDATE: Sensex recovered over 350 points to claim day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale day's high of 18,281 levels

MARKET UPDATE: Sensex recovered over 350 points to claim day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale day's high of 18,281 levels

Monday, May 22, 2023

Indian markets wiped off early losses and turned positive in today's(22 May 2023) intra-day trade. Benchmark indices the S&P BSE Sensex recovered over 350 points to claim the day's high of 61,942 levels, whereas Nifty50 recouped over 100 points to scale the day's high of 18,281 levels. The strength spilled to broader markets too, with Nifty Midcap 100, and Nifty Smallcap 100 indices advancing up to 0.2 percent. Meanwhile, India VIX's volatility gauge moderated to 1 percent from the day's 3 percent. Read more

MARKET UPDATE: Sensex gained 155 points to 61,587, and Nifty50 edged 42 points higher to 18,172

MARKET UPDATE: Sensex gained 155 points to 61,587, and Nifty50 edged 42 points higher to 18,172

Friday, May 19, 2023

OPENING BELL: Indian Equity benchmark indices opened with slim gains today(19 May 2023) tracking strength in global markets after US indices touched 9-month-highs overnight. The BSE Sensex gained 155 points to 61,587, and the NSE Nifty50 edged 42 points higher to 18,172. SBI, Tech M, Infosys, HCL Tech, Nestle, ICICI Bank, Ultratech Cement, and Pwer Grid led gains on the Sensex, rising 0.5-1.2 percent. The broader markets opened tepidly. The BSE MidCap was down 0.08 percent and the SmallCap index rose 0.13 percent. On the downside, Divi's Lab, Eicher Motors, UPL, Titan, Maruti, and Tata Steel were the top frontline laggards. Sectorwise, Nifty Auto, Metal, Realty, FMCG and Pharma indices declined, while the IT and PSB pockets were the top gainers. Among stocks, Bata India rose 4 percent on reporting a 4.5 percent YoY profit growth in Q4 to Rs 65.55 crore.

MARKET UPDATE: Sensex rose 330 points to 61,890, and Nifty50 gained 72 points to 18,266

MARKET UPDATE: Sensex rose 330 points to 61,890, and Nifty50 gained 72 points to 18,266

Thursday, May 18, 2023

Indian equity benchmark indices held substantial gains in today's(18 May 2023) trade in line with strength in global equities in hopes that a deal to lift the US debt ceiling will soon be reached. The BSE Sensex rose 330 points to 61,890, and the NSE Nifty50 gained 72 points to 18,266. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.5 percent. Read more

MARKET UPDATE: Sensex opened 44 points lower at 62,300, and the NSE Nifty50 unchanged at 18,394

MARKET UPDATE: Sensex opened 44 points lower at 62,300, and the NSE Nifty50 unchanged at 18,394

Tuesday, May 16, 2023

OPENING BELL: Indian equity benchmark indices opened flat today(16 May 2023) tracking mixed global cues. The BSE Sensex opened 44 points lower at 62,300, and the NSE Nifty50 was largely unchanged at 18,394. Tata Steel, Infosys, Wipro, and Nestle led gains on the Sensex, while ONGC, Hindalco, and Divi's Lab rose 1 percent each on the Nifty50. On the flip side, HDFC twins led losses on the Sensex, dropping 1 percent each. Tata Motors, Maruti, and M&M were other frontline losers. The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.6 percent versus the nearly flat BSE Sensex. Read more

MARKET UPDATE: Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360

MARKET UPDATE: Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360

Monday, May 15, 2023

Indian Equity benchmark indices held gains in today's(15 May 2023) early trade following a respite in the CPI inflation, which dipped to an 18-month low of 4.7 percent in April. The BSE Sensex gained 160 points to 62,200, and the NSE Nifty50 edged 45 points up to 18,360. The broader markets opened tepidly. The BSE MidCap and SmallCap indices were nearly flat versus a mild uptick in the BSE Sensex Read more

MARKET UPDATE: Sensex fell 190 points to 61,717, and NSE Nifty50 slipped 55 points to 18,242

MARKET UPDATE: Sensex fell 190 points to 61,717, and NSE Nifty50 slipped 55 points to 18,242

Friday, May 12, 2023

Indian equity benchmark indices held losses in today's (12 May 2023) intra-day trade as investors remained cautious ahead of the April consumer inflation and March IIP data that will be released after market hours. The BSE Sensex fell 190 points to 61,717, and the NSE Nifty50 slipped 55 points to 18,242. The broader markets were mixed. The BSE MidCap index was flat but the SmallCap pocket outperformed the benchmarks and rose 0.25 percent. Read more

MARKET UPDATE: Sensex nearly flat at 61,900, while NSE Nifty50 up marginally at 18,330

MARKET UPDATE: Sensex nearly flat at 61,900, while NSE Nifty50 up marginally at 18,330

Thursday, May 11, 2023

STOCK MARKET UPDATE: Ease in US inflation lifted benchmark indices at open today(11 May 2023), but they were soon pulled down by losses in Dr Reddy's and L&T, which dropped 5 percent and 4 percent, respectively, on missing Street estimates for Q4FY23. The BSE Sensex pared gains to turn nearly flat at 61,900, and the Nifty was up marginally at 18,330. The broader markets outperformed the benchmarks. The BSE MidCap and SmallCap indices rose to 0.5 percent versus 0.1 percent in BSE Sensex. Hindalco, Bharti Airtel, and Eicher Motors were the other frontline losers, down 1-3 percent. On the downside, Tech M, Infosys, HDFC, and HCL Tech led gains on the Sensex, while Adani Enterprises claimed the top spot on Nifty, rising 4 percent on its plan to consider fundraising at a board meeting on May 13. Sectorwise, the Nifty IT index rose the most, up 0.6 percent, while the Pharma pocket was the top drag that dropped 1 percent.

MARKET UPDATE: Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316

MARKET UPDATE: Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316

Wednesday, May 10, 2023

Opening Bell: Indian equity benchmark indices opened with nominal gains today( 10 May 2023) despite losses in other global markets, where investor sentiment has remained cautious ahead of the US CPI figure later today. The BSE Sensex gained 200 points to 61,965, and the NSE Nifty50 moved 47 points higher to 18,316. The broader markets opened in line with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.4 percent. Read more

MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315

MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315

Tuesday, May 9, 2023

Opening Bell: The Indian equity benchmark indices opened with nominal gains today(09 May 2023) as global markets remained mixed. The BSE Sensex rose 170 points to 61,936, and the NSE Nifty50 moved 50 points higher to 18,315. The broader markets, meanwhile, firmly outperformed gains in the benchmark. The BSE MidCap and SmallCap indices rose up to 0.7 percent versus a 0.2 percent gain in the BSE Sensex. Read more

MARKET UPDATE: Sensex opened 320 points higher to 61,372 while the Nifty50 gained 87 points to 18,156

MARKET UPDATE: Sensex opened 320 points higher to 61,372 while the Nifty50 gained 87 points to 18,156

Monday, May 8, 2023

Opening Bell: Indian Equity benchmark indices opened with nominal gains today (08 May 2023) tracking a sharp rally in US equities on Friday. The BSE Sensex opened 320 points higher to 61,372, and the NSE Nifty50 gained 87 points to 18,156. IndusInd Bank, Maruti, Tata Motors, HDFC twins, Nestle, and Wipro led gains on the Sensex, while Britannia, Hero Moto, and Bajaj Auto were the top Nifty winners. On the downside, Coal India, Adani Enterprises, Sun Pharma, L&T, and Tata Steel were among the few frontline losers. The broader markets also opened in tandem with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.4 percent. Read more

MARKET UPDATE: Sensex dropped by 400 points to 61,338 while the Nifty50 fell by 100 points to 18,150

MARKET UPDATE: Sensex dropped by 400 points to 61,338 while the Nifty50 fell by 100 points to 18,150

Friday, May 5, 2023

Opening Bell: Today (5 May 2023), equity benchmark indices opened with losses as the concerns over contagion in the regional banking space deepened on Wall Street overnight. The BSE Sensex dropped by 400 points to 61,338, and the NSE Nifty50 fell by 100 points to 18,150. The HDFC twins were the major losers on the Sensex, declining by 4%, followed by IndusInd Bank, HDFC Life, and Tata Steel. On the other hand, ICICI Bank, L&T, Axis Bank, Nestle, Ultratech Cement, and SBI were the top gainers on the Sensex. However, the broader markets opened higher, with the BSE MidCap and SmallCap indices rising by up to 0.3%. Read more

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 61,254 levels while the Nifty50 traded flat above 18,100 levels

Thursday, May 4, 2023

Indian markets started today's(4 May 2023) trade on a firm note, after the US Federal Reserve hiked interest rates by 25 basis points. Key indices Nifty50 traded flat above 18,100 levels, whereas the S&P BSE Sensex gained over 50 points to trade around 61,254 levels. Broader markets, also, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.5 percent. Read more

MARKET UPDATE: Sensex rose 250 points to 61,361, while the Nifty50 edged 74 points to 18,139 level

MARKET UPDATE: Sensex rose 250 points to 61,361, while the Nifty50 edged 74 points to 18,139 level

Tuesday, May 2, 2023

Opening Bell: Indian equity markets opened with firm gains today(2 May 2023) buoyed by positive sentiment across Asian markets, following the takeover of fallen US lender First Republic Bank by JP Morgan Chase on Monday. The BSE Sensex rose 250 points to 61,361, and the NSE Nifty50 edged 74 points to 18,139 level. The broader markets, meanwhile, outweighed gains in the benchmarks. The BSE MidCap and SmallCap indices rose 0.7 percent each. Read more

MARKET UPDATE: Sensex down around 70 points at 60,580, while the Nifty50 held the 17,900-mark, down 11 points

MARKET UPDATE: Sensex down around 70 points at 60,580, while the Nifty50 held the 17,900-mark, down 11 points

Friday, April 28, 2023

Opening Bell: The Indian benchmark S&P BSE Sensex failed to hold on to its gains in morning deals today( 28 April 2023) Despite firm global sentiment. The index, which opened nearly 100 points higher, was down around 70 points at 60,580 weighed down by Bajaj Finserv, HUL, Axis Bank, Bajaj Finance, HCL Tech, Tech M, and HDFC Bank shares. The NSE Nifty50, meanwhile, held the 17,900 mark, down 11 points. In the broader markets, the BSE MidCap index added 0.41 percent, and the BSE SmallCap index advanced 0.5 percent. Read more

MARKET UPDATE: Sensex at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark

MARKET UPDATE: Sensex at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark

Thursday, April 27, 2023

Opening Bell: Indian benchmark indices were volatile today(27 April 2023), as traders prepare for the monthly F&O expiry. The S&P BSE Sensex was at 60,343 in early deals, trading 43 points higher, while the Nifty50 held above 17,800-mark. In the broader markets, the BSE MidCap index was flat, and SmallCap index added 0.24 per cent. Shares of Bajaj Finance gained 2.45 per cent. The company's consolidated net profit rose 30 per cent YoY to Rs 3,158 crore in Q4FY23, on the back of higher net interest income (NII). The board recommended dividend payout of Rs 30 per share. Read more

MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.

MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.

Wednesday, April 26, 2023

Opening Bell: Indian equity markets began flat on the last day of the expiry of the F&O contracts for April. The S&P BSE Sensex quoted at 60,164, up 34 points or 0.06 percent. The Nifty50, meanwhile, was unchanged at 17,769. The BSE MidCap index was in the red in the broader markets, while the BSE SmallCap index gained 0.15 percent. Individually, shares of Bajaj Auto dipped 1.37 percent as the two-wheeler major posted a 2 percent drop in profit after tax (PAT) to Rs 1,433 crore in Q4FY23, despite 12 percent year-on-year (YoY) growth in revenue to Rs 8,905 crore. Read more

MARKET UPDATE: Sensex dipped 4 points to quote at 60,052 levels, while the Nifty50 hovered around 17,730 levels

MARKET UPDATE: Sensex dipped 4 points to quote at 60,052 levels, while the Nifty50 hovered around 17,730 levels

Tuesday, April 25, 2023

Opening Bell: Today ( 25 April 2023), benchmark S&P BSE Sensex dipped 4 points to quote at 60,052 levels while the Nifty50 index hovered around 17,730 levels mainly pulled down by selling in HDFC, HUL, M&M, Infosys, HCL Tech, and HDFC Bank. In the broader markets, the BSE MidCap was flat with a mild downtick, and SmallCap indices were up 0.1 percent. Read more

MARKET UPDATE: Sensex advanced 165 points to quote 59,820 levels, while the Nifty50 attempted to surpass 17,700-mark

MARKET UPDATE: Sensex advanced 165 points to quote 59,820 levels, while the Nifty50 attempted to surpass 17,700-mark

Monday, April 24, 2023

Opening Bell: The S&P BSE Sensex advanced 165 points to quote 59,820 levels today(24 April 2023) as investors bought shares of ICICI Bank, Reliance Industries, Wipro, IndusInd Bank, and HDFC twins. The Nifty50 attempted to surpass the 17,700 mark. Both benchmark indices were up over 0.25 percent each. In the broader markets, the BSE MidCap and SmallCap indices were mixed with the former in the red, and the latter in the green. Sectorally, the Nifty Media, Pharma, and Realty indices fell up to 1 percent, while the Nifty Bank index was up 0.5 percent. Read more

MARKET UPDATE: Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650

MARKET UPDATE: Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650

Friday, April 21, 2023

Opening Bell: Indian benchmark indices nudged higher today(21 April 2023), despite global sentiment. In early deals, the S&P BSE Sensex rose over 100 points to quote at 59,750, while the Nifty50 tested 17,650. In the broader market, the BSE MidCap dipped marginally, while the SmallCap index added 0.14 percent. HCL Technologies shares climbed over 2 percent as the IT company reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter. This was up 10.8 percent year-on-year (YoY). Read more

MARKET UPDATE: Sensex quoted at 59,810, up 242 points whereas Nifty50 held above 17,650-mark

MARKET UPDATE: Sensex quoted at 59,810, up 242 points whereas Nifty50 held above 17,650-mark

Thursday, April 20, 2023

Opening Bell: Indian equity markets steadied themselves today( 20 April 2023) as investors assessed Q4 earnings and global cues. The S&P BSE Sensex, after starting flat, quoted at 59,810, up 242 points or 0.4 percent, while the Nifty50 held above the 17,650 mark. Individually, Titan, Ultratech Cement, Asian Paints, Tata Motors, Bajaj Finserv, ITC, and M&M were the large caps that lifted the benchmarks. In the broader market, the BSE MidCap and SmallCap indices added 0.18 percent and 0.4 percent, respectively. Sectorally, the Nifty Pharma index was down 0.37 percent, while the Nifty Auto was up 0.2 percent. All other indices were flat on either side. Read more

MARKET UPDATE: Sensex started over 60 points lower at 59,660 , whereas Nifty50 quoted below 17,650

MARKET UPDATE: Sensex started over 60 points lower at 59,660 , whereas Nifty50 quoted below 17,650

Wednesday, April 19, 2023

Opening Bell: Benchmark S&P BSE Sensex started over 60 points, or 0.11 percent, lower at 59,660 today(19 April 2023) amid losses in Infosys, Asian Paints, IndusInd Bank, HUL, ITC, ICICI Bank, and Kotak bank. The Nifty50, meanwhile, is quoted below 17,650.

MARKET UPDATE: Sensex down over 100 points at 59,790 levels, whereas Nifty50 slipped below the 17,700-mark

MARKET UPDATE: Sensex down over 100 points at 59,790 levels, whereas Nifty50 slipped below the 17,700-mark

Tuesday, April 18, 2023

Stock market updates: Amid increased volatility, Indian benchmark S&P BSE Sensex erased early morning gains, and was down over 100 points at 59,790 levels. The Nifty50, meanwhile, slipped below the 17,700 mark. Losses in PowerGrid, Reliance Industries, TCS, Tech M, Bajaj Finance, Titan, HUL, Wipro, L&T, and Sun Pharma weighed on the frontline indices. In the broader markets, the BSE MidCap and SmallCap indices continued to hold gains of up to 0.3 percent. Sectorally, the Nifty IT index slipped 0.4 percent, while the Nifty Realty and PSU bank indices added up to 0.5 percent. In Newly listed shares Shares of Avalon Technologies made a tepid debut on the bourses on Tuesday, listing at Rs 431 on the BSE. This was a 1.15 percent discount to its issue price of Rs 436 apiece.

MARKET UPDATE: Sensex fell over 120 points to 60,280 level, whereas Nifty50 slipped 21 points to below 17,800

MARKET UPDATE: Sensex fell over 120 points to 60,280 level, whereas Nifty50 slipped 21 points to below 17,800

Thursday, April 13, 2023

Opening Bell: The key benchmark indices started today's(13 April 2023) session with minor cuts tracking weakness across global markets after the FOMC minutes showed that officials expect a mild recession in the US later this year. The BSE Sensex fell over 120 points to the 60,280 level and the NSE Nifty50 slipped 21 points to below 17,800. IndusInd Bank, Infosys, HCL Tech, Tech M, TCS, and Wipro led the losses on the Sensex, dropping 1-2.5 percent. On the flip side, M&M, Power Grid, RIL, Asian Paints, and Tata Steel held gains of 0.4-1 percent. The broader markets, meanwhile, outperformed the benchmarks. The BSE MidCap and SmallCap indices rose up to 0.23 percent. Sectorwise, the IT index dropped over 1 percent as weak results of TCS dampened overall sentiment in the pack. Other indices held nominal gains.

MARKET UPDATE: Sensex traded flat at 60,188 levels, whereas Nifty50 hovered flat above 17,700 levels

MARKET UPDATE: Sensex traded flat at 60,188 levels, whereas Nifty50 hovered flat above 17,700 levels

Wednesday, April 12, 2023

Opening Bell: Indian markets opened flat in today's (12 April 2023) trading session, ahead of March inflation figures. Key indices Nifty50 hovered above 17,700 levels, whereas the S&P BSE Sensex traded flat at 60,188 levels. Broader indices, which include Nifty Midcap 100 and Nifty Smallcap 100 indices, however, outperformed benchmark indices as they gained up to 0.2 percent each. Sectorwise, Nifty Metal, and Nifty Pharma indices led the charge, surging up to 1 percent. On the flipside, Nifty IT, and Nifty FMCG indices lost up to 0.3 percent. Among individual stocks, shares of Tata Consultancy Services (TCS) traded flat ahead of Q4FY23 results. Brokerages estimate the company to report weak revenue growth over the preceding quarter due to seasonal weakness, however, they foresee margin expansion on lower attrition. In addition, shares of Sula Vineyards soared over 6 percent after the wine producer crossed 1 million cases.

MARKET UPDATE: Sensex advanced over 200 points to reclaim 60,000-mark, whereas Nifty50 climbed over 50 points to trade above 17,650 levels

MARKET UPDATE: Sensex advanced over 200 points to reclaim 60,000-mark, whereas Nifty50 climbed over 50 points to trade above 17,650 levels

Tuesday, April 11, 2023

Opening Bell: Indian markets opened on a firm note in today's(11 April 2023) trade, amidst improved global sentiments. Key indices Nifty50 climbed over 50 points to trade above 17,650 levels, whereas the S&P BSE Sensex advanced over 200 points to reclaim the 60,000 mark. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 percent. The volatility index, India VIX, meanwhile, slipped over 1 percent. Sectorally barring the Nifty IT index, which lost marginally in trade, all other sectors swimming in a sea of green. The Nifty PSU Bank index led the charge as it gained over 1 percent. Among individual stocks, shares of Shilpa Medicare soared over 8 percent after the USFDA gave a nod to its ANDA, Apremilast tablets. In addition shares of Nagarjuna Fertilisers rallied over 4 percent after the company restarted its urea production in Plant - II in Andhra Pradesh.

MARKET UPDATE: Sensex advanced over 100 points to trade around 59,957 levels, whereas Nifty50 climbed over 30 points to trade above 17,600 levels

MARKET UPDATE: Sensex advanced over 100 points to trade around 59,957 levels, whereas Nifty50 climbed over 30 points to trade above 17,600 levels

Monday, April 10, 2023

Opening Bell: Indian markets opened on a firm note in today's(10 April 2023) trade, amid mixed global cues. Key indices Nifty50 climbed over 30 points to trade above 17,600 levels, whereas the S&P BSE Sensex advanced over 100 points to trade around 59,957 levels. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.4 percent. Read more

MARKET UPDATE: Sensex slipped over 100 points to trade around 59,574 levels, whereas Nifty50 index traded flat below 17,550 levels

MARKET UPDATE: Sensex slipped over 100 points to trade around 59,574 levels, whereas Nifty50 index traded flat below 17,550 levels

Thursday, April 6, 2023

Indian markets were flat in today's(6 April 2023) trade, ahead of the Reserve Bank of India's (RBI) monetary policy decision. While the Nifty50 index traded flat below 17,550 levels, the S&P BSE Sensex slipped over 100 points to trade around 59,574 levels. Broader markets, too, fell in tandem as Nifty Smallcap 100 and Nifty Midcap 100 indices skid up to 0.2 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to trade around 59,281 levels, whereas Nifty50 climbed over 40 points to trade above 17,400 levels

MARKET UPDATE: Sensex advanced over 150 points to trade around 59,281 levels, whereas Nifty50 climbed over 40 points to trade above 17,400 levels

Wednesday, April 5, 2023

Opening Bell: Indian markets opened higher in today's(5 April 2023) trade, despite mixed global cues. Key indices Nifty50 climbed over 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex advanced over 150 points to trade around 59,281 levels. Broader markets, however, were mixed as Nifty Smallcap 100 index outperformed Nifty Midcap 100 index. Read more

MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels

MARKET UPDATE: Sensex surged over 100 points to reclaim 59,000-mark, whereas Nifty50 index surged over 30 points to trade above 17,350 levels

Monday, April 3, 2023

Opening Bell: Indian markets edged higher in today's( 3 April 2023) trade, supported by gains across index-heavyweights like Maruti Suzuki, Bajaj Twins, Bharti Airtel, and Tata Steel, among others. Frontline indices the S&P BSE Sensex surged over 100 points to reclaim the 59,000 mark, whereas the Nifty50 index surged over 30 points to trade above 17,350 levels. Broader markets, too, were upbeat in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices rose up to 0.4 percent. Read more

MARKET UPDATE: Sensex gained over 200 points to trade around 57,823 levels whereas Nifty50 climbed over 50 points to reclaim 17,000-mark

MARKET UPDATE: Sensex gained over 200 points to trade around 57,823 levels whereas Nifty50 climbed over 50 points to reclaim 17,000-mark

Wednesday, March 29, 2023

Benchmark indices Nifty50 climbed over 50 points to reclaim the 17,000 mark, whereas the S&P BSE Sensex gained over 200 points to trade around 57,823 levels. The strength spread across broader markets as well, with Nifty Midcap 100 and Nifty Smallcap 100 indices surging up to 0.1 percent. Volatility gauge, India VIX, meanwhile, slipped over 2 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to trade around 57,838 levels whereas Nifty50 climbed over 50 points to reclaim 17,000 levels

MARKET UPDATE: Sensex advanced over 150 points to trade around 57,838 levels whereas Nifty50 climbed over 50 points to reclaim 17,000 levels

Tuesday, March 28, 2023

Opening Bell: In Indian markets improved global sentiments instilled strength in today's( 28 March 2023) trade. Key indices Nifty50 climbed over 50 points to reclaim 17,000 levels, whereas the S&P BSE Sensex advanced over 150 points to trade around 57,838 levels. Bullish sentiment was visible across broader markets as well, as Nifty Midcap 100 and Nifty Smallcap 100 indices advanced up to 0.1 percent. Read more

MARKET UPDATE: Sensex gained over 100 points to trade around 58,054 levels whereas Nifty50 traded flat above 17,050 levels

MARKET UPDATE: Sensex gained over 100 points to trade around 58,054 levels whereas Nifty50 traded flat above 17,050 levels

Friday, March 24, 2023

Opening Bell: Indian equity markets were volatile in today's ( 24 March 2023) trade, amid mixed global cues. Key indices Nifty50 traded flat above 17,050 levels, whereas the S&P BSE Sensex gained over 100 points to trade around 58,054 levels. Broader markets, meanwhile, were mixed as Nifty Smallcap 100 index gained marginally higher than Nifty Midcap 100 index. Read more

MARKET UPDATE: Sensex declined over 300 points to trade around 57,911 levels while Nifty50 lowered over 50 points to trade below 17,100 levels

MARKET UPDATE: Sensex declined over 300 points to trade around 57,911 levels while Nifty50 lowered over 50 points to trade below 17,100 levels

Thursday, March 23, 2023

Opening Bell: Indian equity markets opened lower in today's (23 March 2023) trade. Global sentiments turned weaker after the US Federal Reserve indicated another rate hike this year post a 25 basis point increase in the March meeting. Key indices Nifty50 lowered over 50 points to trade below 17,100 levels, whereas the S&P BSE Sensex declined over 300 points to sell around 57,911 levels. Broader markets, too, inched lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices fell up to 0.3 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. Read more

MARKET UPDATE: Sensex advanced over 400 points to trade around 58,078 levels while Nifty50 climbed over 100 points to trade above 17,100 levels

MARKET UPDATE: Sensex advanced over 400 points to trade around 58,078 levels while Nifty50 climbed over 100 points to trade above 17,100 levels

Friday, March 17, 2023

Indian markets were higher in today's( 17 March 2023) trade, amid strong global cues. Key indices Nifty50 climbed over 100 points to trade above 17,100 levels, whereas the S&P BSE Sensex advanced over 400 points to trade around 58,078 levels. Broader markets, too, edged higher in the trade as Nifty MidCap 100 and Nifty Smallcap 100 indices surged up to 0.9 percent. The volatility index, India VIX, meanwhile, slipped over 5 percent. Read more

MARKET UPDATE: Sensex declined over 100 points to trade around 57,432 levels while Nifty50 hovered flat below 16,950 levels

MARKET UPDATE: Sensex declined over 100 points to trade around 57,432 levels while Nifty50 hovered flat below 16,950 levels

Thursday, March 16, 2023

Opening Bell: The Indian markets opened lower in Thursday's trade, amid mixed global cues. Benchmark indices Nifty50 hovered flat below 16,950 levels, whereas the S&P BSE Sensex declined over 100 points to trade around 57,432 levels. Broader markets, too, fell in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 0.3 percent. The volatility index, India VIX, climbed over 1 percent. Read more

MARKET UPDATE: Sensex surged over 500 points to trade around 58,409 levels while Nifty50 advanced over 150 points to trade above 17,150 levels

MARKET UPDATE: Sensex surged over 500 points to trade around 58,409 levels while Nifty50 advanced over 150 points to trade above 17,150 levels

Wednesday, March 15, 2023

Opening Bell: The Indian markets edged higher in today's(15 March 2023) trade to snap a four-day losing streak, after February inflation slowed to 6.4 percent. Key indices Nifty50 advanced over 150 points to trade above 17,150 levels, whereas the S&P BSE Sensex surged over 500 points to trade around 58,409 levels. Broader markets, too, inched higher in the trade as Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 1 percent. The volatility index, India VIX, meanwhile, slipped over 6 percent. Read more

MARKET UPDATE: Sensex hovered around 58,258 levels while Nifty50 flat below 17,200 levels

MARKET UPDATE: Sensex hovered around 58,258 levels while Nifty50 flat below 17,200 levels

Tuesday, March 14, 2023

Opening Bell: The Indian markets opened volatile in today's(14 March 2023) trade, amid grim global cues. Key indices Nifty50 was flat below 17,200 levels, whereas the S&P BSE Sensex hovered around 58,258 levels. Broader markets, too, were tepid in the trade as Nifty Smallcap 100 and Nifty Midcap 100 indices slipped up to 0.3 percent. The volatility index, India VIX, meanwhile, slipped over 3 percent. Read more

MARKET UPDATE: Sensex advanced over 300 points to trade around 59,462 levels while Nifty50 gained over 100 points to trade above 17,500 levels

MARKET UPDATE: Sensex advanced over 300 points to trade around 59,462 levels while Nifty50 gained over 100 points to trade above 17,500 levels

Monday, March 13, 2023

Opening Bell: The Indian markets opened higher in today's(13 march 2023) trading session, amid mixed global cues. Key indices Nifty50 gained over 100 points to trade above 17,500 levels, and the S&P BSE Sensex advanced over 300 points to trade around 59,462 levels. Broader markets, however, were tepid as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 0.1 percent. Read more

MARKET UPDATE: Sensex tumbled over 700 points to trade around 59,081 levels while Nifty50 declined over 200 points to trade below 17,400 levels

MARKET UPDATE: Sensex tumbled over 700 points to trade around 59,081 levels while Nifty50 declined over 200 points to trade below 17,400 levels

Friday, March 10, 2023

Opening Bell: The Indian markets opened lower in today's(10 March 2023) trade, amid weak global cues. Key indices Nifty50 declined over 200 points to trade below 17,400 levels, whereas the S&P BSE Sensex tumbled over 700 points to trade around 59,081 levels. Broader markets, too, edged lower as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered over 1 percent each. Volatility gauge, India VIX, meanwhile, climbed over 7 percent. Read more

CLOSING BELL: Sensex fell 542 points to close at 59,806 level, while Nifty50 ended at 17,590, dropping 165 points

CLOSING BELL: Sensex fell 542 points to close at 59,806 level, while Nifty50 ended at 17,590, dropping 165 points

Thursday, March 9, 2023

CLOSING BELL: Indian equity markets ended lower today(9 March 2023) as investors adjusted their positions amid the weekly F&O expiry. The S&P BSE Sensex fell 542 points, or 0.9 percent, to close at 59,806 level, while the Nifty50 ended at 17,590, dropping 165 points or 0.93 percent. M&M (down 3 percent), RIL (down over 2 percent), Bajaj Finserv, ICICI Bank, Maruti Suzuki, Tata Motors, Tech M, Bajaj Finance, TCS, Kotak Bank, ITC, Titan, and SBI were the top Sensex laggards. On the Nifty, Adani Enterprises (down 5 percent), SBI Life, Adani Ports, and Eicher Motors were the additional draggers. Read more

MARKET UPDATE: Sensex fell 40-odd points to 60,306 while Nifty50 remained unchanged at 17,754

MARKET UPDATE: Sensex fell 40-odd points to 60,306 while Nifty50 remained unchanged at 17,754

Thursday, March 9, 2023

Opening Bell: The Indian key benchmark indices started today's (9 March 2023) session flat amid muted global cues and concerns of a more considerable rate hike by the US Fed next week. The BSE Sensex fell 40-odd points to 60,306, and the NSE Nifty50 remained unchanged at 17,754 Tata Steel, Bharti Airtel, L&T, Axis Bank, HCL Tech, and Tata Motors led gains on the Sensex, rising up to 1.8 percent. At the same time, Hindalco and JSW Steel were the additional winners on the Nifty. Read more

MARKET UPDATE: Sensex lowered over 250 points to trade around below 60,000-mark while Nifty50 fell over 50 points to trade below 17,650 levels

MARKET UPDATE: Sensex lowered over 250 points to trade around below 60,000-mark while Nifty50 fell over 50 points to trade below 17,650 levels

Wednesday, March 8, 2023

Opening Bell: Indian markets were weighed down by weak global cues in today's( 8 March 2023) trading session. Key indices Nifty50 fell over 50 points to trade below 17,650 levels, whereas the S&P BSE Sensex lowered over 250 points to trade around below the 60,000 mark. Broader markets, too, were under the bearish spell as Nifty Midcap 100 and Nifty Smallcap 100 indices declined up to 0.5 percent. Volatility gauge, India VIX, meanwhile, climbed over 3 percent.

NSE and BSE will be shut on March 7 for Holi

NSE and BSE will be shut on March 7 for Holi

Tuesday, March 7, 2023

On account of the Holi Festival, officially, Both the exchanges NSE and BSE will be shut on March 7. There was uncertainty about the holiday as to how India marks the festival, with some parts of the country celebrating it on March 7, while the rest do it on March 8. Recently, Anmi (Association of National Exchanges Members of India), a leading stock brokers association, has requested the government, Sebi, and exchanges to change the holiday date to March 8. Read more

MARKET UPDATE: Sensex advanced over 550 points to claim day's high of 60,390 levels while Nifty50 climbed over 150 points to hit day's high of 17,765 levels

MARKET UPDATE: Sensex advanced over 550 points to claim day's high of 60,390 levels while Nifty50 climbed over 150 points to hit day's high of 17,765 levels

Monday, March 6, 2023

Indian markets extended gains in today's( 6 March 023) intra-day trade, supported by gains across index-heavyweights like HDFC Twins, Asian Paints, and Tata Consultancy Services. Key indices Nifty50 climbed over 150 points to hit the day's high of 17,765 levels, whereas the S&P BSE Sensex advanced through 550 points to claim the day's high of 60,390 levels. Read more

MARKET UPDATE: Sensex advanced over 500 points to trade around 59,454 levels while Nifty50 climbed over 100 points to trade above 17,450 levels

MARKET UPDATE: Sensex advanced over 500 points to trade around 59,454 levels while Nifty50 climbed over 100 points to trade above 17,450 levels

Friday, March 3, 2023

Strong global mood propelled Indian markets higher in today's( trade), led by gains across index-heavyweights like SBI, Reliance Industries, NTPC, HCL Technologies, and Bharti Airtel, among others. Key indices Nifty50 climbed over 100 points to trade above 17,450 levels, whereas the S&P BSE Sensex advanced over 500 points to trade around 59,454 levels. Read more

MARKET UPDATE: Sensex advanced 300 points to trade around 59,258 levels while Nifty50 climbed over 50 points to trade above 17,350 levels

MARKET UPDATE: Sensex advanced 300 points to trade around 59,258 levels while Nifty50 climbed over 50 points to trade above 17,350 levels

Wednesday, March 1, 2023

Opening Bell: Indian markets edged higher in today's( 1 March 2023) trade, amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade above 17,350 levels, whereas the S&P BSE Sensex advanced 300 points to trade around 59,258 levels. Read more

MARKET UPDATE: Sensex traded flat around 59,246 levels while Nifty50 flat below 17,400 levels

MARKET UPDATE: Sensex traded flat around 59,246 levels while Nifty50 flat below 17,400 levels

Tuesday, February 28, 2023

Opening Bell: Indian markets opened flat in today's ( 28 February 2023) trading session, amid firm global cues. Key indices Nifty50 were flat below 17,400 levels, whereas the S&P BSE Sensex traded flat around 59,246 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.3 percent. Read more

MARKET UPDATE: Sensex lowered over 300 points to trade around 59,151 levels while Nifty50 declined over 50 points to trade below 17,400 levels

MARKET UPDATE: Sensex lowered over 300 points to trade around 59,151 levels while Nifty50 declined over 50 points to trade below 17,400 levels

Monday, February 27, 2023

Indian markets edged lower in today's(27 February 2023) intra-day trading session, amid subdued global cues. Key indices Nifty50 declined over 50 points to trade below 17,400 levels, whereas the S&P BSE Sensex lowered over 300 points to trade around 59,151 levels. Broader markets, too, inched lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Read more

MARKET UPDATE: Sensex advanced over 250 points to trade around 59,884 levels while Nifty50 climbed over 50 points to trade above 17,550 levels

MARKET UPDATE: Sensex advanced over 250 points to trade around 59,884 levels while Nifty50 climbed over 50 points to trade above 17,550 levels

Friday, February 24, 2023

Opening Bell: Strong global mood instilled strength in Indian markets today(24 February 2023). Key indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 59,884 levels. Broader markets, too, inched higher in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.4 percent. Volatility gauge, India VIX, meanwhile, slipped over 3 percent. Barring Nifty Media and Nifty Energy indices, all sectors started to trade in positive territory. Nifty PSU Bank and Nifty Metal indices rose the most, up to 0.7 percent. Read more

MARKET UPDATE: Sensex declined over 50 points to trade around 59,687 levels while Nifty50 started flat below 17,550 levels

MARKET UPDATE: Sensex declined over 50 points to trade around 59,687 levels while Nifty50 started flat below 17,550 levels

Thursday, February 23, 2023

Opening Bell: Indian markets opened flat in today's(23 February 2023) trade, amid mixed global cues. While the benchmark index Nifty50 started flat below 17,550 levels, the S&P BSE Sensex declined over 50 points to trade around 59,687. Broader markets, meanwhile, were mixed in the trade as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Read more

MARKET UPDATE: Sensex declined over 300 points to trade around 60,358 levels while Nifty50 nosedived over 50 points to trade below 17,750 levels

MARKET UPDATE: Sensex declined over 300 points to trade around 60,358 levels while Nifty50 nosedived over 50 points to trade below 17,750 levels

Wednesday, February 22, 2023

Opening Bell: Weak global mood propelled Indian markets to start lower in today's( 22 February 2023) trade. While the benchmark index Nifty50 nosedived over 50 points to trade below 17,750 levels, the S&P BSE Sensex declined over 300 points to trade around 60,358 levels. Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slumped up to 0.3 percent. The volatility index, India VIX, meanwhile, climbed over 3 percent. Read more

MARKET UPDATE: Sensex advanced over 50 points to trade around 60,769 levels while Nifty50 climbed over 30 points to trade above 17,850 levels

MARKET UPDATE: Sensex advanced over 50 points to trade around 60,769 levels while Nifty50 climbed over 30 points to trade above 17,850 levels

Tuesday, February 21, 2023

Opening Bell: Indian equity markets opened higher in today's ( 21 February 2023) trade, supported by gains across index heavyweights like Hindustan Unilever, Tata Consultancy Services, and Tech Mahindra, among others. Key indices Nifty50 climbed over 30 points to trade above 17,850 levels, whereas the S&P BSE Sensex advanced over 50 points to trade around 60,769 levels. Broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.1 percent. Read more

MARKET UPDATE: Sensex advanced over 250 points to trade around 61,254 levels while Nifty50 climbed over 50 points to trade near 18,000 levels

MARKET UPDATE: Sensex advanced over 250 points to trade around 61,254 levels while Nifty50 climbed over 50 points to trade near 18,000 levels

Monday, February 20, 2023

Indian equity markets wiped off early losses and inched higher in today's (21 February 2023) intra-day trade, amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade near 18,000 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 61,254 levels. Broader markets, meanwhile, were mixed Nifty MidCap 100 index outperformed Nifty SmallCap 100 index. Read more

MARKET UPDATE: Sensex dropped over 250 points to trade around 61,048 levels while the Nifty50 declined over 50 points to trade below 18,000 levels

MARKET UPDATE: Sensex dropped over 250 points to trade around 61,048 levels while the Nifty50 declined over 50 points to trade below 18,000 levels

Friday, February 17, 2023

Opening Bell: Indian markets opened lower in today's(17 February 2023) trade, as global sentiments turned negative on rate hike concerns. Key indices Nifty50 declined over 50 points to trade below 18,000 levels, whereas the S&P BSE Sensex dropped over 250 points to sell around 61,048 levels. Broader markets, too, fell in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.4 percent. Volatility gauge, India VIX, meanwhile, rose 1 percent. Read more

MARKET UPDATE: Sensex gained over 350 points to trade around 61,660 level while the Nifty50 advanced over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex gained over 350 points to trade around 61,660 level while the Nifty50 advanced over 50 points to trade above 18,100 levels

Thursday, February 16, 2023

Indian equity markets edged higher in today's ( 16 February 2023) intra-day trade, amid strong global sentiments. Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex gained over 350 points to trade around 61,660 levels. Broader markets rose in tune as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.6 percent. Read more

MARKET UPDATE: Sensex dropped over 150 points to trade around 60,865 levels while the Nifty50 declined over 40 points to trade below 17,900

MARKET UPDATE: Sensex dropped over 150 points to trade around 60,865 levels while the Nifty50 declined over 40 points to trade below 17,900

Wednesday, February 15, 2023

Opening Bell: Indian equity markets started today's( 15 February 2023) trade on a weaker note, as hotter-than-expected US inflation data stoked rate hike concerns. Key indices Nifty50 declined over 40 points to trade 17,900 below, whereas the S&P BSE Sensex dropped over 150 points to trade around 60,865 levels. Broader markets, too, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.5 percent. Read more

MARKET UPDATE: Sensex advanced over 200 points to trade around 60,676 levels while the Nifty50 climbed over 50 points to trade above 17,800 levels

MARKET UPDATE: Sensex advanced over 200 points to trade around 60,676 levels while the Nifty50 climbed over 50 points to trade above 17,800 levels

Tuesday, February 14, 2023

Opening Bell: Indian markets opened higher in today's(14 February 2023) trade, amid improved global sentiment. Key indices Nifty50 climbed over 50 points to trade above 17,800 levels, whereas the S&P BSE Sensex advanced over 200 points to trade around 60,676 levels. Broader markets, however, exhibited mixed trends as Nifty MidCap 100 index outperformed Nifty SmallCap 100 index. Read more

MARKET UPDATE: Sensex advanced over 17 points to trade flat at 60,701 levels while the Nifty50 traded flat above 17,850 levels

MARKET UPDATE: Sensex advanced over 17 points to trade flat at 60,701 levels while the Nifty50 traded flat above 17,850 levels

Monday, February 13, 2023

Opening Bell: Indian markets opened flat in today's( 13 February 2023) trading session, ahead of the January inflation data. Key indices Nifty50 traded flat above 17,850 levels, whereas the S&P BSE Sensex advanced over 17 points to trade flat at 60,701 levels. Read more

MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846

MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846

Thursday, February 9, 2023

Indian Equity benchmark indices held nominal losses in today's (9 February) early trade following hawkish commentary from Fed officials in the US. The BSE Sensex fell 120 points to 60,545 and quickly turned flat, while the NSE Nifty50 slipped 26 points to 17,846. Bajaj Finance, L&T, TCS, Infosys, Asian Paints, Power Grid, HDFC Bank, Hindalco, and Tata Steel led gains across the two frontline indices. On the flip side, Adani Enterprises, Adani Ports, Maruti, Tech M, Tata Motors, M&M, Airtel, and Ultratech Cement dipped. Read more

MARKET UPDATE: Sensex flat at 60,508 levels while the Nifty50 traded flat above 17,750 levels

MARKET UPDATE: Sensex flat at 60,508 levels while the Nifty50 traded flat above 17,750 levels

Tuesday, February 7, 2023

Opening Bell: Indian equity markets opened flat in today's(7 February 2023) trade, amid mixed global cues. Benchmark indices Nifty50 traded flat above 17,750 levels, whereas the S&P BSE Sensex was flat at 60,508 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices gained up to 0.1 percent. Read more

MARKET UPDATE: Sensex declined over 150 points to trade around 60,676 levels while the Nifty50 cdropped over 50 points to trade below 17,800 levels

MARKET UPDATE: Sensex declined over 150 points to trade around 60,676 levels while the Nifty50 cdropped over 50 points to trade below 17,800 levels

Monday, February 6, 2023

Benchmark indices Nifty50 dropped over 50 points to trade below 17,800 levels, whereas the S&P BSE Sensex declined over 150 points to trade around 60,676 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.3 percent. The volatility gauge, India VIX, on the other hand, jumped over 3 percent. Read more

MARKET UPDATE: Sensex advanced over 400 points to reclaim 60,000 level while the Nifty50 climbed over 100 points to trade above 17,700 levels

MARKET UPDATE: Sensex advanced over 400 points to reclaim 60,000 level while the Nifty50 climbed over 100 points to trade above 17,700 levels

Friday, February 3, 2023

Opening Bell: A pullback rally saw Indian markets open higher in today's( 3 February 2023) trade, amid mixed global cues. Benchmark indices Nifty50 climbed over 100 points to trade above 17,700 levels, whereas the S&P BSE Sensex advanced over 400 points to reclaim 60,000 levels. Read more

MARKET UPDATE: Sensex at 59,700 level, down 6 points while the Nifty50 at 17,590

MARKET UPDATE: Sensex at 59,700 level, down 6 points while the Nifty50 at 17,590

Thursday, February 2, 2023

Indian benchmark indices were volatile today(2 February 2023), after falling nearly 1 percent in opening deals, as news flow around Adani group weighed on the sentiment, while positive reaction to the Union Budget capped losses. The S&P BSE Sensex was quoting at 59,700 level, down 6 points, while the Nifty50 was at 17,590. UPL, Adani Enterprises, Adani Ports, HDFC Life, Apollo Hospitals, Bajaj Finance, ONGC, and HDFC were off lows, and are now down up to 5 percent. Read more

MARKET UPDATE: Sensex was up over 400 points to quote at 59,986 while the Nifty50 was hovering above the 17,800-mark

MARKET UPDATE: Sensex was up over 400 points to quote at 59,986 while the Nifty50 was hovering above the 17,800-mark

Wednesday, February 1, 2023

Indian equity markets were holding their gains ahead of the Union Budget presentation at 11 AM today(1 February 2023). The S&P BSE Sensex was up over 400 points, or 0.7 percent, to quote at 59,986. The Nifty50, meanwhile, was hovering above the 17,800 mark. Union Finance Minister Nirmala Sitharaman will present Budget 2023 in Parliament today, the last full Budget of the Modi government in its second term. This year's Budget holds much significance as the country is scheduled to have the next Lok Sabha election in April-May 2024. Read more

MARKET UPDATE: Sensex rose 100 odd points to eventually turn flat at 59,488 while the Nifty50 was around the 17, 630 mark

MARKET UPDATE: Sensex rose 100 odd points to eventually turn flat at 59,488 while the Nifty50 was around the 17, 630 mark

Tuesday, January 31, 2023

Opening Bell: Indian frontline indices started today's( 31 January 2023) trade on a flat note as investors looked forward to the pre-budget Economic Survey for 2023-24, which will be tabled in the Parliament later today. The BSE Sensex rose 100 odd points to eventually turn flat at 59,488, while the NSE Nifty index was around the 17, 630 mark. The survey is likely to peg the domestic GDP growth at 6-6.8 percent for 2023-24, according to a Reuters report. It could see growth at 6.5 percent for 2023-24 under the baseline scenario, which would be the slowest in three years. Read more

MARKET UPDATE: Sensex fell 590 points to quote at 58,741 level while the Nifty50 dropped 149 points to 17,455 levels

MARKET UPDATE: Sensex fell 590 points to quote at 58,741 level while the Nifty50 dropped 149 points to 17,455 levels

Monday, January 30, 2023

Opening Bell: The Indian benchmark indices started the week on a tepid note today(30 January 2023) as clouds over Adani group, amid its clash with US-based Hindenburg Research, weighed on sentiment. The S&P BSE Sensex fell 590 points to quote at 58,741 level, while the Nifty50 dropped 149 points to 17,455 levels. Both indices were down 0.99 percent. ICICI Bank, Axis Bank, L&T, HUL, HDFC, Tata Steel, JSW Steel, RIL, Power Grid, HDFC Bank, Hindalco, SBI Life, Apollo Hospitals, and Bharti Airtel were the top laggards on the Nifty50 index as they fell in the range of 1 percent to 2 percent. In the broader market, the BSE MidCap and SmallCap indices declined up to 0.34 percent. Meanwhile, among sectors, the Nifty Metal index was the top NSE gainer, up 1 percent; while the Nifty Oil and Gas index was the top NSE loser, down 4 percent. Read more

MARKET UPDATE: Sensex declined 600 points to the day's low of 59,543 while the Nifty50 slipped below 17,800 level, down 130 points

MARKET UPDATE: Sensex declined 600 points to the day's low of 59,543 while the Nifty50 slipped below 17,800 level, down 130 points

Friday, January 27, 2023

Indian equity markets extended weakness today(27 January 2023), after over a percent decline on Wednesday. The S&P BSE Sensex declined 600 points to the day's low of 59,543 in early deals dragged by Reliance, HDFC twins, and ICICI Bank. The NSE Nifty50 slipped below the 17,800 level, down 130 points. The BSE MidCap and SmallCap indices lost 0.6 percent and 0.9 percent in the broader markets, respectively. Read more

MARKET UPDATE: Sensex hovering around 60,825 levels down 153 points while the Nifty50 at 18,073, down 46 points

MARKET UPDATE: Sensex hovering around 60,825 levels down 153 points while the Nifty50 at 18,073, down 46 points

Wednesday, January 25, 2023

Opening Bell: Indian frontline indices started lower today(25 January 2023) as investors gear up for the monthly F&O expiry later today. The S&P BSE Sensex was hovering around 60,825 levels in early deals, down 153 points or 0.25 percent. The Nifty50, on the other hand, was at 18,073, down 46 points or 0.25 percent. Tata Motors, Maruti Suzuki, Cipla, Bajaj Auto, Hero MotoCorp, and M&M were the top 50-pack gainers, while Adani Enterprises, HCL Tech, Adani Ports, L&T, IndusInd Bank, Infosys, and Tech M remained top laggards. Read more

MARKET UPDATE: Sensex advanced over 300 points to quote at 61,251 levels while the Nifty50 topped the 18,200-mark, rising 80 points

MARKET UPDATE: Sensex advanced over 300 points to quote at 61,251 levels while the Nifty50 topped the 18,200-mark, rising 80 points

Tuesday, January 24, 2023

Indian equities started higher today(24 January 2023) as firm global sentiment swept the domestic markets. The S&P BSE Sensex advanced over 300 points, or 0.5 percent, to quote at 61,251 levels in early deals. The Nifty50, meanwhile, topped the 18,200 mark, rising 80 points or 0.5 percent. Tata Motors, ICICI Bank, Infosys, Tech M, HDFC Bank, IndusInd Bank, and Bajaj Finserv were the large-caps that lifted the frontline indices in early deals, even as Axis Bank, Bharti Airtel, HUL, Nestle India, and Sun Pharma tried to limit gains. In the broader markets, the BSE MidCap and SmallCap indices surged up to 0.2 percent. Read more

MARKET UPDATE: Sensex jumped over 250 points to trade around 60,871 levels while the Nifty50 advanced over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex jumped over 250 points to trade around 60,871 levels while the Nifty50 advanced over 50 points to trade above 18,100 levels

Monday, January 23, 2023

Opening Bell: Strong global mood, positive early Q3 results, and softening crude oil prices propelled Indian equity markets to start higher in today's( 23 January 2023) trade. Key indices Nifty50 advanced over 50 points to trade above 18,100 levels, whereas the S&P BSE Sensex jumped over 250 points to trade around 60,871 levels. Read more

MARKET UPDATE: Sensex dropped 90 points to trade around 60,767 levels while the Nifty50 was flat below 18,100 levels

MARKET UPDATE: Sensex dropped 90 points to trade around 60,767 levels while the Nifty50 was flat below 18,100 levels

Friday, January 20, 2023

Indian equity markets were flat in today's(20 January 2023) intra-day trade amid mixed global cues. Key indices Nifty50 was flat below 18,100 levels, whereas the S&P BSE Sensex dropped 90 points to trade around 60,767 levels. Broader markets, too, were tepid in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices lowered up to 0.05 percent. Read more

MARKET UPDATE: Sensex extended fall to tumble 250 points to quote at 60,800 while the Nifty50 slipped below the 18,100

MARKET UPDATE: Sensex extended fall to tumble 250 points to quote at 60,800 while the Nifty50 slipped below the 18,100

Thursday, January 19, 2023

Opening bell: Indian equity markets began today's( 19 January 2023) trade on a weaker note as global markets remained on the back foot. After starting over 100 points lower, the S&P BSE Sensex extended its fall to tumble 250 points to quote at 60,800. The Nifty50, meanwhile, slipped below the 18,100 level dragged by Adani Enterprises, Hindalco, Kotak Bank, Titan Company, Bajaj Finserv, Ultratech Cement, Adani Ports, and Eicher Motors. Read more

MARKET UPDATE: Sensex at 60,708 levels up 52 points, while the Nifty50 at 18,076 levels

MARKET UPDATE: Sensex at 60,708 levels up 52 points, while the Nifty50 at 18,076 levels

Wednesday, January 18, 2023

Opening bell: Indian benchmark indices started to trade on a flat-to-positive note today(18 January 2023) amid steady global cues. The S&P BSE Sensex was quoting at 60,708 levels in early deals, up 52 points or 0.09 percent. The Nifty50, meanwhile, was at 18,076 levels. SBI Life, Hindalco, Tata Steel, HCL Tech, UPL, Grasim, and ONGC were the top large-cap gainers, rising in the range of 0.6 percent to 1.7 percent. HDFC Life, M&M, Cipla, Tata Motors, Ultratech Cement, ICICI Bank, and Reliance Industries, meanwhile, were the top laggards, down up to 0.7 percent. Read more

MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark

MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark

Tuesday, January 17, 2023

Indian equity indices, which began today's(17 January 2023) trade on a muted note, moved quickly higher. The S&P BSE Sensex advanced over 400 points, after a flat start, to quote at 60,500 levels in mid-morning deals, while the Nifty50 stayed reclaimed the 18,000 mark. HUL, HCL Tech, L&T Reliance Industries, Tech M, and NTPC were the notable gainers on the 30-pack index as they gained between 0.3 percent and 2 percent. On the contrary, Tata Steel, Bajaj Finance, IndusInd Bank, Titan, M&M, Sun Pharma, and Axis Bank fell up to 0.85 percent, capping the upside. Read more

MARKET UPDATE: Sensex quoted near 60,380 levels, up 120 points , while the Nifty50 slipped below the 18,000-mark and was at 17,965

MARKET UPDATE: Sensex quoted near 60,380 levels, up 120 points , while the Nifty50 slipped below the 18,000-mark and was at 17,965

Monday, January 16, 2023

Indian equity markets started higher today(16 January 2023), lifted by HDFC Bank, Bajaj twins, IndusInd Bank, Ultratech Cement, Kotak Bank, Infosys, and HCL Tech. On the downside, Tata Steel, NTPC, Tata Motors, M&M, Power Grid, and Nestle weighed on the bourses. The S&P BSE Sensex, which advanced 295 points in early deals, was off highs and quoted near 60,380 levels, up 120 points or 0.2 percent. The Nifty50, too, slipped below the 18,000 mark and was at 17,965. Read more

MARKET UPDATE: Sensex hovering around 59,637 levels, down 321 points, while the Nifty50 below 17,800 levels

MARKET UPDATE: Sensex hovering around 59,637 levels, down 321 points, while the Nifty50 below 17,800 levels

Friday, January 13, 2023

Indian Equity markets, which started weak today(13 January 2023) as sentiment across Asia remained unenthusiastic this morning, extended fall within minutes. The S&P BSE Sensex opened 100 points lower but is hovering around 59,637 levels, down 321 points or 0.5 percent. The Nifty50, meanwhile, was below 17,800 levels. The benchmarks were bogged down by HCL Tech shares which fell 2 percent. It reported a net profit of Rs 4,096 crore for Q3FY23, an increase of 18.8 percent year-on-year. However, the company brought down its higher end-of-revenue guidance for the 2023 fiscal year. Read more

MARKET UPDATE: Sensex gains 134 points, trsding at 60,239, while the Nifty50 atop 17,900 levels

MARKET UPDATE: Sensex gains 134 points, trsding at 60,239, while the Nifty50 atop 17,900 levels

Thursday, January 12, 2023

Opening bell: Indian benchmark indices started in the green today (12 January 2023) amid supportive global cues. The S&P BSE Sensex was trading with a gain of 134 points, or 0.2 percent, at 60,239 in early deals, while the Nifty50 was atop 17,900 levels. HCL Tech, Titan Company, Wipro, Nestle India, L&T, Maruti Suzuki, and Tech Mahindra led the Sensex gainers, rising between 0.5 percent and 1.7 percent. On the flip side, Asian Paints, Axis Bank, Tata Steel, ICICI Bank, Kotak Bank, and SBI fell the most, down to 1.2 percent. The BSE MidCap and Smallcap indices increased to 0.2 percent in the broader markets. Read more

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels

Wednesday, January 11, 2023

Opening bell: Indian markets opened lower in today's(11 January 2023) trade amid tepid foreign flows and rising oil prices. Key indices Nifty50 declined over 30 points to trade below 17,900 levels, whereas the S&P BSE Sensex lowered over 100 points to trade below 60,000 levels. Broader markets, also, were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Read more

MARKET UPDATE: Sensex at 60,484 levels down 263 points, while the Nifty50 hovering around 18,028, down 71 points

MARKET UPDATE: Sensex at 60,484 levels down 263 points, while the Nifty50 hovering around 18,028, down 71 points

Tuesday, January 10, 2023

Opening bell: Equity markets in India began on shaky ground today(10 January 2023) as stock-specific action, amid December quarter results, and mixed global trends swayed sentiment. The S&P BSE Sensex was at 60,484 levels in early deals, down 263 points, while the Nifty50 was hovering around 18,028, down 71 points. Both benchmarks were trading 0.4 percent lower. In the broader market, the BSE MidCap and SmallCap indices were flat with negative bias. Read more

MARKET UPDATE: Sensex advanced over 600 points to trade at 60,542 levels, while the Nifty50 rose over 100 points to trade above 18,000 levels

MARKET UPDATE: Sensex advanced over 600 points to trade at 60,542 levels, while the Nifty50 rose over 100 points to trade above 18,000 levels

Monday, January 9, 2023

Indian markets extended gains in today's(9 January 2023) intra-day trade amid a solid global mood. Key indices Nifty50 rose over 100 points to trade above 18,000 levels, whereas the S&P BSE Sensex advanced 600 points to trade at 60,542 levels. Broader markets, too, edged higher in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices increased up to 1 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to hit day's high of 60,537 levels, while the Nifty50 gained over 30 points to trade above 18,000 levels

MARKET UPDATE: Sensex advanced over 150 points to hit day's high of 60,537 levels, while the Nifty50 gained over 30 points to trade above 18,000 levels

Friday, January 6, 2023

Indian markets reversed early losses and edged higher in today's(6 January 2023) intra-day trade, supported by gains in index heavyweights like Reliance Industries, ITC, Hindustan Unilever, Mahindra & Mahindra, among many others. While the benchmark index Nifty50 gained over 30 points to trade above 18,000 levels, the S&P BSE Sensex advanced over 150 points to hit the day's high of 60,537. Read more

MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level

MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level

Thursday, January 5, 2023

Indian benchmark indices, which started with decent gains on Thursday, turned volatile as financial and IT stocks weighed while FMCG stocks lent support. The S&P BSE Sensex was down over 60 points at 60,590 levels after hitting an intra-day high of 60,877. The Nifty50 index, meanwhile, was up 5 points at the 18,048 level. Bajaj Finance was the top laggard on the Sensex index, down over 8 percent, after the consumer finance reported that assets under management (AUM) grew by 27 percent year-on-year (YoY), lower than market expectations, to Rs 2.30 trillion as of December 31, 2022. Read more

MARKET UPDATE: Sensex quoted at 61,100, down 194 points, while the Nifty50 dipped 55 points to trade at 18,177

MARKET UPDATE: Sensex quoted at 61,100, down 194 points, while the Nifty50 dipped 55 points to trade at 18,177

Wednesday, January 4, 2023

Indian equities started flat, but turned sharply lower, in today's ( 4 January 2023) early deals as investors await the minutes of the US Fed's latest policy meeting due later today. The S&P BSE Sensex quoted at 61,100, down 194 points or 0.32 percent, while the Nifty50 dipped 55 points, or 0.3 percent, to trade at 18,177. In the broader markets, the BSE MidCap and SmallCap indices fell up to 0.5 percent. Sector-wise, all but the pharma index was down in the dump. The Nifty Metal and Realty indices lost over 1 percent each. Read more

MARKET UPDATE: Sensex was at 61,177, up 9 points, while the Nifty50 tested 18,200 level

MARKET UPDATE: Sensex was at 61,177, up 9 points, while the Nifty50 tested 18,200 level

Tuesday, January 3, 2023

Indian benchmark indices erased early losses and were flat in today's(3 January 2023) intra-day deals. The S&P BSE Sensex was at 61,177, up 9 points, while the Nifty50 tested the 18,200 level. HDFC Life, Bajaj Finance, Axis Bank, Cipla, Tata Motors, Divis Labs, and SBI were the top Nifty50 gainers as they rose up to 3 percent. On the flip side, ONGC, JSW Steel, Tata Steel, Reliance Industries, ITC, and Bharti Airtel, which fell from 0.4 percent to 1 percent, weighed on the index. Read more

MARKET UPDATE: Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points

MARKET UPDATE: Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points

Monday, January 2, 2023

Indian benchmark indices, which started on a quiet note today(02 January 2023) amid thin global trade, were volatile in the trade as selling in financial services, IT, FMCG, and pharma stocks weighed, while metal stocks lent support. The S&P BSE Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points. In the broader markets, the BSE MidCap and Smallcap indices gained 0.07 percent and 0.12 percent, respectively. The volatility index, India VIX, advanced nearly 4 percent. Read more

MARKET UPDATE: Sensex rose over 150 points to trade at 61,292 levels and the Nifty50 climbed over 50 points to trade above 18,200 levels

MARKET UPDATE: Sensex rose over 150 points to trade at 61,292 levels and the Nifty50 climbed over 50 points to trade above 18,200 levels

Friday, December 30, 2022

Opening Bell: Indian markets opened higher in today's(30 December 2022) trade amid strong global cues. Key indices Nifty50 climbed over 50 points to trade above 18,200 levels, whereas the S&P BSE Sensex rose over 150 points to trade at 61,292 levels. Broader markets, too, inched higher as Nifty MidCap 100 and Nifty SmallCap 100 indices advanced up to 1 percent. Read more

MARKET UPDATE: Sensex dropped over 300 points to trade at 60,608 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

MARKET UPDATE: Sensex dropped over 300 points to trade at 60,608 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

Thursday, December 29, 2022

Opening Bell: Indian markets opened lower in today's(29 December 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex dropped over 300 points to trade at 60,608 levels. Broader markets, too, lost in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.4 percent. Volatility gauge, India VIX, climbed over 1 percent. Sector-wise barring the Nifty Pharma index, which held marginal gains in a weak market, all sectors plunged into the sea of red. Read more

MARKET UPDATE: BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low and the Nifty50 rallied 310 points in intra-day trades, and settled with a gain of 208 points, reclaiming the 18,000-mark

Monday, December 26, 2022

After four days of decline, the key benchmark indices bounced back in trade today led by financial and energy shares. The S&P BSE Sensex dipped to a low of 59,754 in opening deals, but soon rebounded and marched higher for most of the trading session. The BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low. Despite trimming some gains towards the fag end of the day, the Sensex finished 721 points higher at 60,566. In the process, the Sensex snapped its four-day losing streak, wherein the BSE benchmark had shed 1,961 points. The NSE Nifty 50 rallied 310 points in intra-day trades and eventually settled with a gain of 208 points, thus reclaiming the 18,000 mark. Read more

MARKET UPDATE: Sensex lowered over 300 points to trade at 60,497 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 60,497 levels and the Nifty50 declined over 50 points to trade below 18,050 levels

Friday, December 23, 2022

Opening Bell: Indian markets opened lower today(23 December 2022) amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 60,497 levels. Broader markets, too, followed the trend as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 1 percent. Volatility gauge, India VIX, meanwhile, climbed over 3 percent. Read more

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250

Thursday, December 22, 2022

Bulls and bears were fighting on Dalal Street today (22 December 2022) as fears of a global slowdown amid Covid-19 fears in China and likely recession in the US and Europe weighed on cyclical sectors. Defensives like pharma and IT, however, lent support. sector-wise Autos, financials, metals, and realty stocks led the losses with nearly 1 percent cut each on their respective sectoral indices. The S&P BSE Sensex was up 150 points at 61,200, while the Nifty50 index was below 18,250. Read more

MARKET UPDATE: Sensex advanced over 200 points to trade at 61,929 levels and the Nifty50 climbed over 50 points to trade above 18,450 levels

MARKET UPDATE: Sensex advanced over 200 points to trade at 61,929 levels and the Nifty50 climbed over 50 points to trade above 18,450 levels

Wednesday, December 21, 2022

Opening Bell: Indian markets opened higher in today's(21 December 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade above 18,450 levels, whereas the S&P BSE Sensex advanced over 200 points to trade at 61,929 levels. Broader markets also climbed up in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.5 percent each. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Read more

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,502 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,502 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

Tuesday, December 20, 2022

Opening Bell: Indian markets opened lower in today's( 20 December 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,502 levels. Broader markets, also, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.2 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. sector wise all sectors were in red, with Nifty IT and Nifty PSU Bank indices declining the most, up to 0.6 percent. Read more

MARKET UPDATE: Sensex advanced over 250 points to trade at 61,592 levels and the Nifty50 climbed over 50 points to trade above 18,300 level

MARKET UPDATE: Sensex advanced over 250 points to trade at 61,592 levels and the Nifty50 climbed over 50 points to trade above 18,300 level

Monday, December 19, 2022

Indian markets inched higher in today's( 19 December 2022) intra-day trade, supported by gains across index-heavyweights like ITC, Hindustan Unilever, Bajaj Twins, Maruti Suzuki, and Bharti Airtel. Key indices Nifty50 climbed over 50 points to trade above 18,300 levels, whereas the S&P BSE Sensex advanced over 250 points to trade at 61,592 levels. Broader markets were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Sectorwise, Nifty PSU Bank, Nifty IT, and Nifty Pharma indices were muted in trade. However, Nifty FMCG and Nifty Media indices gained up to 0.8 percent. Read more

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

MARKET UPDATE: Sensex lowered over 300 points to trade at 61,480 levels and the Nifty50 declined over 50 points to trade below 18,350 levels

Friday, December 16, 2022

Opening Bell: Indian markets opened lower in today's (16 December 2022) trade amid weak global cues and subdued foreign flows. Key indices Nifty50 declined over 50 points to trade below 18,350 levels, whereas the S&P BSE Sensex lowered over 300 points to trade at 61,480 levels. Broader markets, too, followed the Nifty MidCap 100 and Nifty SmallCap 100 indices and fell up to 0.5 percent. Volatility gauge, India VIX, meanwhile, shot over 1 percent. Sectorwise all sectors were in the sea of red, with the Nifty IT index declining over 1 percent in trade. Among individual stocks, shares of Reliance Industries gained over 1 percent after the conglomerate's retail arm launched the FMCG brand 'Independence' in Gujarat. In addition, shares of Asian Paints declined over 1 percent after prices of Brent Crude climbed to $82 per barrel.

MARKET UPDATE: Sensex fell 50 points to 62,364, and the Niftyslipped 11 points to 18,550

MARKET UPDATE: Sensex fell 50 points to 62,364, and the Niftyslipped 11 points to 18,550

Thursday, December 8, 2022

Opening bell: Indian equity markets opened nearly flat with a fractional downtick today(8 December 2022), tracking mixed global cues. The BSE Sensex fell 50 points to 62,364, and the NSE Nifty50 slipped 11 points to 18,550. Kotak Bank, Power Grid, Bharti Airtel, and TCS were the top laggards on the Sensex, down up to 1 percent, while SBI Life and HDFC Life were the additional top losers on the Nifty. On the downside, IndusInd Bank, ICICI Bank, L&T, Bajaj Finserv, M&M, Tata Steel, Eicher Motors, and Adani Ports were the leading gainers across the two indices. Read more

MARKET UPDATE: Sensex fell 30 points to 62,592, and the Nifty slipped 12 points to 18,630

MARKET UPDATE: Sensex fell 30 points to 62,592, and the Nifty slipped 12 points to 18,630

Wednesday, December 7, 2022

Opening bell: Equity markets in India opened nearly unchanged today (7 December 2022) as investors remained cautious ahead of the Reserve Bank of India's monetary policy decision. The BSE Sensex fell 30 points to 62,592, and the NSE Nifty50 slipped 12 points to 18,630. HCL Tech, Wipro, NTPC, TCS, Tech M, and Kotak Bank were the top laggards on the Sensex, down up to 0.7 percent, while ONGC was the top Nifty loser. On the downside, Asian Paints, L&T, ICICI Bank, SBI, Ultratech Cement, Sun Pharma, Cipla, and BPCL were the top gainers across the two indices. The broader markets, meanwhile, outweighed the frontline indices. The BSE MidCap and SmallCap indices rose up to 0.2 percent.

MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619

MARKET UPDATE: Sensex fell 300 points to 62,542, and the Nifty slipped 80 points to 18,619

Tuesday, December 6, 2022

The Indian frontline indices held early losses today(6 December 2022) after global stocks declined as a hotter-than-expected US services activity raised bets for continued rate hikes by the Federal Reserve. The BSE Sensex fell 300 points to 62,542, and the NSE Nifty50 slipped 80 points to 18,619. The broader markets, too, opened weakly. The BSE MidCap was down 0.16 percent, and the SmallCap index was flat. Sectorwise, Nifty IT slipped the most with a loss of 0.9 percent, followed by the metal index, while the PSB pocket was the sole winner, up 0.8 percent. Among stocks, IRB Infrastructure Developers rose over 3 percent after its yearly toll collections came 39 percent higher at Rs 366 crore.

MARKET UPDATE: Sensex fell 200 points to 62,643, and the Nifty slipped 60 points to 18,630

MARKET UPDATE: Sensex fell 200 points to 62,643, and the Nifty slipped 60 points to 18,630

Monday, December 5, 2022

The Indian equities traded with nominal losses today( 5 December 2022), underperforming other Asian markets that gained on hopes of ease in China's Covid-19 restrictions. The BSE Sensex fell 200 points to 62,643, and the NSE Nifty50 slipped 60 points to 18,630. HDFC, HUL, Asian Paints, Nestle, Power Grid, M&M, and TCS were the top laggards on the Sensex, down up to 1 percent, while SBI Life and Hero Moto were the additional Nifty losers. On the downside, Tata Steel, IndusInd Bank, SBI, ICICI Bank, NTPC, Hindalco, JSW Steel, and UPL were the top outperformers across the two frontline indices. Read more

MARKET UPDATE: Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716

MARKET UPDATE: Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716

Friday, December 2, 2022

The Indian equities held losses in today's(December 2022) trade following a weak open in line with falling global markets. The BSE Sensex fell 200 points to 62,934, and the NSE Nifty50 slipped 95 points to 18,716. Maruti, Ultratech Cement, HDFC, Power Grid, TCS, ICICI Bank, and HUL led losses on the Sensex, down up to 1.6 percent, while Eicher Motors and Divi's Labs were the top additional drags on the Nifty, up to 2 percent lower. On the flip side, IndusInd Bank, RIL, ONGC, Hindalco, BPCL, Tata Steel, and Dr. Reddy were the handful of gainers across the two benchmark indices. Read more

MARKET UPDATE: Sensex rose over 350 points to 63,500, and the Nifty gained nearly 100 points to 18,850

MARKET UPDATE: Sensex rose over 350 points to 63,500, and the Nifty gained nearly 100 points to 18,850

Thursday, December 1, 2022

Opening bell: Positive start was observed in Dalal Street today(1 December 2022) led by upbeat global market sentiment following US Fed Chair Powell's remarks that the central bank could begin undertaking smaller rate hikes from December. The BSE Sensex rose over 350 points to 63,500, and the NSE Nifty50 gained nearly 100 points to 18,850. The IT pack led gains on the Sensex with Tech M, Infosys, Wipro, HCL Tech, and TCS rising 1-2 percent. On the downside, Asian Paints, HUL, Maruti, and M&M were the handful of losers, down up to 0.4 percent. Read more

MARKET UPDATE: Sensex added 26 points to quote at 62,708 levels and Nifty started around 18,640 levels, up 22 points

MARKET UPDATE: Sensex added 26 points to quote at 62,708 levels and Nifty started around 18,640 levels, up 22 points

Wednesday, November 30, 2022

Opening bell: Today(30 November 2022) Indian equity markets sow a muted start led by a quiet global mood. The S&P BSE Sensex added 26 points to quote at 62,708 levels in early deals, while the Nifty50 index started around 18,640 levels, up 22 points. In the broader markets, the BSE MidCap and SmallCap indices gained 0.32 percent, and 0.4 percent, respectively. sector-wise, all but the Nifty IT was in green. While the index slipped 0.12 percent, the Nifty Metal index rose 0.7 percent, followed by the Nifty Bank, Auto, Financial Services, and Pharma indices, all up 0.4 percent each. Read more

MARKET UPDATE: Sensex rose over 200 points to its new high for a fourth day at 62,724 and Nifty gained 70 points to 18,631, its fresh high for a second session

MARKET UPDATE: Sensex rose over 200 points to its new high for a fourth day at 62,724 and Nifty gained 70 points to 18,631, its fresh high for a second session

Tuesday, November 29, 2022

Extending early gains, the BSE Sensex rose over 200 points to its new high for the fourth day at 62,724, and the NSE Nifty50 gained 70 points to 18,631, its fresh high for a second session. Titan, ITC, M&M, ICICI Bank, Sun Pharma, and Dr Reddy's were the top winners on the Sensex, up to 1 percent higher, while Hindalco, Britannia, and Cipla were the top Nifty gainers. On the downside, Maruti, Tata Motors, Bajaj Finserv, IndusInd Bank, L&T, Wipro, and Reliance were the leading losers across the two benchmarks. Read more

MARKET UPDATE: Sensex fell 130 points to 62,161 and Nifty slipped 30 points to 18,480

MARKET UPDATE: Sensex fell 130 points to 62,161 and Nifty slipped 30 points to 18,480

Monday, November 28, 2022

Opening bell: The key benchmark indices turned flat after a lower start today (28 November 2022) as select heavyweights lent support. The BSE Sensex fell 130 points to 62,161 and the NSE Nifty50 slipped 30 points to 18,480. HDFC twins, TCS, IndusInd Bank, Titan, and Infosys were the top laggards on the Sensex, while M&M, Wipro, Maruti, and Reliance were the leading outperformers, rising up to 1 percent. On the Nifty, Hero Moto, BPCL, Bajaj Auto, and SBI Life were the top winners, up to 3 percent higher, while Hindalco, JSW Steel, and Apollo Hospitals slipped up to 2 percent. Read more

MARKET UPDATE: Sensex rose over 100 points to trade at 61,647 levels and Nifty climbed over 40 points to trade above 18,300 levels

MARKET UPDATE: Sensex rose over 100 points to trade at 61,647 levels and Nifty climbed over 40 points to trade above 18,300 levels

Thursday, November 24, 2022

Opening Bell: Indian markets inched higher today (24 November 2022) after dovish US FOMC minutes cheered global stocks. Key indices Nifty50 climbed over 40 points to trade above 18,300 levels and the S&P 500 rose over 100 points to trade at 61,647 levels. Broader markets, too, followed a similar trend as Nifty SmallCap 100 and Nifty MidCap 100 surged up to 0.4 percent. Volatility gauge, India VIX, meanwhile, declined over 4 percent. All sectors started to trade on a positive note with Nifty Media, Nifty Auto, and Nifty PSU Bank indices leading the charge. Read more

MARKET UPDATE: Sensex advanced over 100 points to trade at 61,519 levels and Nifty climbed over 20 points to trade above 18,250 levels

MARKET UPDATE: Sensex advanced over 100 points to trade at 61,519 levels and Nifty climbed over 20 points to trade above 18,250 levels

Wednesday, November 23, 2022

Indian equity markets traded higher in today's ( 23 November 2022) intra-day trade amid strong global cues. Key indices Nifty50 climbed over 20 points to trade above 18,250 levels and the S&P BSE Sensex advanced over 100 points to trade at 61,519 levels. A similar resilience was seen across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 gained up to 0.3 percent. The volatility index, India VIX, meanwhile, slipped in red. Sectorwise, Nifty PSU Bank and Nifty Media indices gained the most, up to 1 percent. Nifty FMCG, Nifty IT, and Nifty Metal indices, however, were subdued. Read more

MARKET UPDATE: Sensex advanced over 40 points to trade at 61,190 levels and Niftyclimbed over 10 points to trade flat above 18,150 levels

MARKET UPDATE: Sensex advanced over 40 points to trade at 61,190 levels and Niftyclimbed over 10 points to trade flat above 18,150 levels

Tuesday, November 22, 2022

Opening Bell: Indian equity markets opened volatile in today's(22 November 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 10 points to trade flat above 18,150 levels and the S&P BSE Sensex advanced over 40 points to trade at 61,190 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices surged up to 0.2 percent. Sector-wise, Nifty IT, Nifty Metal, and Nifty Realty indices slipped the most -- up to 0.5 percent. Nifty PSU Bank and Nifty Auto indices, however, gained up to 0.9 percent. Read more

MARKET UPDATE: Sensex lowered over 450 points to trade at 61,209 levels and Nifty declined over 100 points to trade below 18,200 levels

MARKET UPDATE: Sensex lowered over 450 points to trade at 61,209 levels and Nifty declined over 100 points to trade below 18,200 levels

Monday, November 21, 2022

Indian equity markets were lower in today's (21 November 2022) intra-day trade, weighed down by index heavyweights like ITC, Reliance Industries, HDFC Twins, TCS, and Tech Mahindra. Key indices Nifty50 declined over 100 points to trade below 18,200 levels and the S&P BSE Sensex lowered over 450 points to trade at 61,209 levels. Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. The volatility gauge, India VIX, on the other hand, climbed over 4 percent. Sector-wise all sectors plunged into negative territory with Nifty Auto, Nifty Pharma, Nifty IT, and Nifty FMCG indices dropping up to 1 percent. Read more

MARKET UPDATE: Sensex slipped over 150 points to hit day's low of 61,587 levels and Nifty declined over 40 points to trade below 18,300 levels

MARKET UPDATE: Sensex slipped over 150 points to hit day's low of 61,587 levels and Nifty declined over 40 points to trade below 18,300 levels

Friday, November 18, 2022

Indian equity markets erased early gains and turned volatile in today's(18 November 2022) intra-day trade amid mixed global cues and softened crude oil prices. Key indices Nifty50 declined over 40 points to trade below 18,300 levels, whereas the S&P BSE Sensex slipped over 150 points to hit the day's low of 61,587 levels. Broader markets, too, joined the weak market mood as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.1 percent. The volatility index, India VIX, meanwhile, slipped over 2 percent. sector-wise all sectors shifted between gains and losses. While Nifty PSU Bank, Nifty Media, and Nifty Bank indices gained up to 1 percent in trade; Nifty Auto, Nifty FMCG, and Nifty IT indices dropped up to 0.5 percent. Read more

MARKET UPDATE: Sensex shed over 100 points to trade at 61,858 levels and Nifty slipped over 40 points to trade below 18,400 levels

MARKET UPDATE: Sensex shed over 100 points to trade at 61,858 levels and Nifty slipped over 40 points to trade below 18,400 levels

Thursday, November 17, 2022

Opening Bell: Indian equity markets opened lower in today's(17 November 2022) trade amid weak global cues. Key indices Nifty50 slipped over 40 points to trade below 18,400 levels and the S&P BSE Sensex shed over 100 points to trade at 61,858 levels. Broader markets, too, lowered in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.1 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. Sectorwise barring Nifty Pharma and Nifty FMCG indices, all sectors nosedived into negative territory. Nifty Auto, Nifty Bank, and Nifty IT indices slipped the most - up to 0.5 percent in trade. Read more

MARKET UPDATE: Sensex fell 140 points to 61,730, and Nifty slipped 37 points to 18,366

MARKET UPDATE: Sensex fell 140 points to 61,730, and Nifty slipped 37 points to 18,366

Wednesday, November 16, 2022

Equity markets in India opened lower today (16 November 2022) tracking losses in other Asian markets, which declined as reports of Russian missile striking Poland raised geo-political tensions. The BSE Sensex fell 140 points to 61,730, and the NSE Nifty50 slipped 37 points to 18,366. The broader markets, meanwhile, outperformed frontline indices. The BSE MidCap and SmallCap indices were up to 0.22 percent higher. Sectorwise, Nifty Oil & Gas weakened the most, down 0.5 percent. FMCG, Financials also edged lower. While the Auto, PSB, and Consumer Durable indices gained. Among stocks, Bharat Electronics rose nearly 2 percent after the company signed 4 separate MoUs to supply defense equipment.

MARKET UPDATE: Sensex down 150 points to 61,475, and the Nifty moved 30 points lower to 18,300

MARKET UPDATE: Sensex down 150 points to 61,475, and the Nifty moved 30 points lower to 18,300

Tuesday, November 15, 2022

Equity markets were volatile in today's(15 November 2022) trade despite positive moves across their global peers. The BSE Sensex was down 150 points to 61,475, and the NSE Nifty50 moved 30 points lower to 18,300. The broader markets were largely flat. The BSE MidCap was down 0.03 percent and the SmallCap index held similar gains. Sector-wise movements were also muted with the highest gains in the Nifty Auto index, which was up 0.5 percent. While FMCG and Realty, indices were the sole losers with downward of 0.6 percent and 0.4 percent, respectively. Read more

MARKET UPDATE: Sensex fell 47 points to 61,748, while Nifty unchanged at 18,344

MARKET UPDATE: Sensex fell 47 points to 61,748, while Nifty unchanged at 18,344

Monday, November 14, 2022

Opening Bell: Indian Equity markets opened flat today(14 November 2022) as investors await retail and wholesale inflation readings for October. The BSE Sensex fell 47 points to 61,748, while the NSE Nifty was nearly unchanged at 18,344. Among the 30-Sensex constituents, Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with the most gains (up to 2 percent higher ). While Hindalco, Apollo Hospitals, and JSW Steel were the additional frontrunners on the Nifty index. Dr. Reddy's, SBI, Divis's Labs, Sun Pharma, ITC, and Maruti Suzuki were the top drags across the two frontline indices, up to x percent lower. In the broader market, the BSE midcap and smallcap indices held fractional cuts, down up to 0.3 percent. Read more

MARKET UPDATE: Nifty50 surged over 250 points to trade above 18,300 levels and the Sensex advanced over 1,000 points to hit 52-week high of 61,685 levels

MARKET UPDATE: Nifty50 surged over 250 points to trade above 18,300 levels and the Sensex advanced over 1,000 points to hit 52-week high of 61,685 levels

Friday, November 11, 2022

Opening Bell: Indian markets were driven higher by bulls in today's(11 November 2022) trade amid strong global cues coupled with a weaker dollar. Key indices Nifty50 surged over 250 points to trade above 18,300 levels and the S&P Sensex advanced over 1,000 points to hit a 52-week high of 61,685 levels. Broader markets, too, cheered in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed over 1 percent each. Volatility gauge, India VIX, meanwhile, slipped over 4 percent. All sectors swam in a sea of green, with the Nifty IT index leading at the forefront, up over 3 percent. Among individual stocks, shares of Zomato surged over 7 percent after the company's net loss narrowed to Rs 251 crore in Q2FY23. Read more

CLOSING BELL: Sensex closed at 60,614 levels, down by 420 points and Nifty50 fell 121 points to shut shop at 18,036

CLOSING BELL: Sensex closed at 60,614 levels, down by 420 points and Nifty50 fell 121 points to shut shop at 18,036

Thursday, November 10, 2022

Closing Bell: Global stock markets, including Indian, remained subdued today(10 November 2022) as nervousness in the cryptocurrency markets spilled over into equities. In addition, investors' interpretation of the incoming results from the US mid-term elections kept the sentiment in check. Further, the sentiment was also impacted due to nervousness ahead of US CPI data for October. A higher-than-expected print can see the US Fed hike rates more than consensus estimates in its December policy review. That apart, the weekly F&O expiry, back home, was also partly responsible for the overall weak sentiment. The S&P BSE Sensex closed at 60,614 levels today, down by 420 points or 0.69 percent. It had hit a low of 60,425.47 during the day. The NSE Nifty50, on the other hand, fell 121 points, or 0.66 percent, to shut shop at 18,036. The index breached below the 18,000 mark during the day to hit a low of 17,969.40. Read more

MARKET UPDATE: Nifty50 declined over 50 points to trade below 18,100 levels, whereas the Sensex tumbled over 400 points to trade below 61,000 levels

MARKET UPDATE: Nifty50 declined over 50 points to trade below 18,100 levels, whereas the Sensex tumbled over 400 points to trade below 61,000 levels

Thursday, November 10, 2022

Opening Bell: Indian markets were weighed down by Bears in today's( 10 November 2022) trade amid weak global cues. Key indices Nifty50 declined over 50 points to trade below 18,100 levels, whereas the S&P BSE Sensex tumbled over 400 points to trade below 61,000 levels. Broader markets, too, slipped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.7 percent. Volatility gauge, India VIX, meanwhile, gained over 1 percent. Barring the Nifty Pharma index, all sectors plunged into negative territory, with the Nifty Auto index declining the most, over 1 percent. Read more

CLOSING BELL: Sensex fell 152 points to 61,033 and Nifty50 shut shop at 18,157, down 46 points

CLOSING BELL: Sensex fell 152 points to 61,033 and Nifty50 shut shop at 18,157, down 46 points

Wednesday, November 9, 2022

Equities turned lower at the fag-end of the session with the S&P BSE Sensex falling 152 points, or 0.25 percent, to 61,033. The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 percent. Both the indices had hit an intra-day high of 61,447, and 18,296, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices slipped 0.5 percent, and 0.3 percent, respectively. Sectorally, all indices, except banking stocks were in the red. The Nifty PSU Bank index surged nearly 4 percent, while the Nifty Bank added 0.25 percent. The Nifty Realty index was the worst hit, down 1.4 percent. Read more

MARKET UPDATE: Sensex advanced over 150 points to trade above 61,350 levels and Nifty50 climbed over 50 points to trade above 18,250 levels

MARKET UPDATE: Sensex advanced over 150 points to trade above 61,350 levels and Nifty50 climbed over 50 points to trade above 18,250 levels

Wednesday, November 9, 2022

Opening Bell: Indian equity markets edged higher in today's(9 November 2022) trade amid strong global cues. Key indices like Nifty50 climbed over 50 points to trade above 18,250 levels and the S&P BSE Sensex advanced over 150 points to trade above 61,350 levels. Broader markets, however, were mixed as Nifty SmallCap 100 index slipped marginally to underperform the Nifty MidCap 100 index. All sectors started to trade on a positive note, with Nifty Pharma and Nifty Realty indices gaining up to 1 percent. Among individual stocks, shares of PB Fintech surged over 5 percent after the company saw losses narrow to Rs 186.64 crore in Q2FY23. Besides, shares of BLS International soared over 5 percent after the company's net profit jumped 83.3 percent YoY to Rs 50.37 crore in Q2FY23.

Stock market holiday: Trading at BSE, NSE closed today

Stock market holiday: Trading at BSE, NSE closed today

Tuesday, November 8, 2022

The Indian stock market is closed today(8 November 2022) on the account of Guru Nanak Jayanti, therefore, there will be no trading activity today. As per the information available on the official BSE website, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Tuesday i.e. November 8, 2022. In the Commodity segment, trading at Multi Commodity Exchange (MCX) will remain closed in the first half whereas it will take place in the second half from 5 pm (evening session) on November 8, 2022. November 8, 2022, is the last trading holiday of this year on Dalal Street, being the sixteenth market holiday of this year. Meanwhile, trading on the stock exchanges BSE and NSE will resume on Wednesday, November 9, 2022, as per its usual timings.

MARKET UPDATE: Sensex advanced over 300 points to trade at 61,290 levels and Nifty50 climbed over 100 points to trade above 18,200 levels

MARKET UPDATE: Sensex advanced over 300 points to trade at 61,290 levels and Nifty50 climbed over 100 points to trade above 18,200 levels

Monday, November 7, 2022

Indian equity markets trimmed gains in today's(7 November 2022) intra-day trade, however, traded in the positive territory. Key indices Nifty50 climbed over 100 points to trade above 18,200 levels and the S&P BSE Sensex advanced over 300 points to trade at 61,290 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap indices gained up to 0.7 percent. Barring Nifty IT and Nifty Pharma indices, all sectors traded on a positive note. The nifty PSU Bank index gained the most, up over 5 percent. Among individual stocks, shares of SBI gained over 5 percent after the lender's net profit rose 74 percent year-on-year (YoY) to Rs 13,265 crore in Q2FY23. Besides, shares of Britannia Industries zoomed 10 percent to hit an all-time high of Rs 4,181.4 per share, after the company reported robust revenue growth in Q2FY23.

MARKET UPDATE: Sensex lowered over 100 points to hit a low of 60,697 levels and Nifty50 declined over 10 points to trade below 18,050 levels

MARKET UPDATE: Sensex lowered over 100 points to hit a low of 60,697 levels and Nifty50 declined over 10 points to trade below 18,050 levels

Friday, November 4, 2022

Indin equity markets wiped off early gains and inched lower in today's(4 November 20222) intra-day trade amid mixed global cues. Key indices Nifty50 declined over 10 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 100 points to hit a low of 60,697 levels. Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. All sectors shifted between gains and losses. While the Nifty Metal index gained the most, over 1 percent; the Nifty IT index declined the most, over 1 percent. Read more

MARKET UPDATE: Sensex gained over 50 points to trade at 60,964 levels and Nifty50 declined over 18 points to trade above 18,000 levels

MARKET UPDATE: Sensex gained over 50 points to trade at 60,964 levels and Nifty50 declined over 18 points to trade above 18,000 levels

Thursday, November 3, 2022

Indin equity markets reversed opening losses and edged up in today's(3rd November 2022) intra-day trade, supported by gains across index heavyweights like Bajaj Twins, Maruti Suzuki, Hindustan Unilever, and ITC. Key indices Nifty50 declined over 18 points to trade above 18,000 levels and the S&P BSE Sensex gained over 50 points to trade at 60,964 levels. Broader markets, too, advanced in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.5 percent. All sectors shifted between gains and losses. Nifty PSU Bank, Nifty Media, and Nifty FMCG indices were at the forefront as they surged up to 1 percent. Nifty IT, Nifty Realty, and Nifty Pharma indices, however, slipped up to 1 percent. Read more

MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140

MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140

Wednesday, November 2, 2022

Key indices Nifty50 declined over 20 points to trade flat below 18,140 and the S&P BSE Sensex lowered over 100 points to trade below 61,000 levels. Broader markets, however, were fractionally higher as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.2 percent. All sectors shifted between gains and losses, with Nifty Pharma and Nifty Media indices advancing over 1 percent each. Nifty IT, Nifty Auto, and Nifty PSU Bank indices, however, slipped up to 0.4 percent. Among individual stocks, shares of LIC Housing Finance plunged 13 percent after the company reported a disappointing set of numbers in Q2FY23. Besides, shares of Karnataka Bank soared over 17 percent after net profit grew 228 percent YoY (an all-time quarterly high) to Rs 411.5 crore in Q2FY23.

MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels

MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels

Tuesday, November 1, 2022

Key indices Nifty50 climbed over 50 points to trade above 18,100 levels and the S&P BSE Sensex advanced over 300 points to reclaim 61,058 levels after a gap of nine months. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Barring the Nifty Metal index, all sectors swam in the sea of green, with Nifty PSU Bank and Nifty Pharma indices rising up to 1 percent. Among individual stocks, shares of Equitas SFB gained over 2 percent after the lender reported over two-fold jump in net profit to Rs 116 crore in Q2FY23. Besides, shares of Castrol India slipped over 1 percent after the company reported flat growth in its PAT at Rs 187 crore in Q2FY23.

MARKET UPDATE: Nifty50 climbed over 150 points to trade above 17,950 levels and the Sensex advanced over 600 points to hit a high of 60,606 levels

MARKET UPDATE: Nifty50 climbed over 150 points to trade above 17,950 levels and the Sensex advanced over 600 points to hit a high of 60,606 levels

Monday, October 31, 2022

Indian equity markets edged higher in today's(31 October 2022) intra-day trade amid strong global cues and steady foreign flows. Key indices Nifty50 climbed over 150 points to trade above 17,950 levels and the S&P BSE Sensex advanced over 600 points to hit a high of 60,606 levels. The strength spilled across broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.6 percent. Sectorally, Nifty IT and Nifty Auto indices were at the forefront as they rose over 1 percent each. Nifty Metal and Nifty PSU Bank, indices, however, slipped up to 0.3 percent. Read more

MARKET UPDATE: Sensex climbed over 300 points to hit a high of 60,071 levels and Nifty50 climbed over 50 points to trade above 17,800 levels

MARKET UPDATE: Sensex climbed over 300 points to hit a high of 60,071 levels and Nifty50 climbed over 50 points to trade above 17,800 levels

Friday, October 28, 2022

Indian equity markets edged higher in today's (28 October 2022) intra-day trade, supported by gains across index-heavyweights like Reliance Industries, Maruti Suzuki, Hindustan Unilever, and Bajaj Twins. Key indices Nifty50 climbed over 50 points to trade above 17,800 levels and the S&P BSE Sensex climbed over 300 points to hit a high of 60,071 levels The broader markets, however, were subdued in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. All sectors shifted between gains and losses. Nifty Oil & Gas, Nifty Auto, and Nifty FMCG indices led the charge as they surged up to 1 percent. Nifty Metal index, however, was the worst sectoral performer as it declined over 1 percent. Read more

MARKET UPDATE: Nifty50 climbed over 100 points to trade above 17,750 levels and the Sensex advanced over 300 points to trade at 59,891 level

MARKET UPDATE: Nifty50 climbed over 100 points to trade above 17,750 levels and the Sensex advanced over 300 points to trade at 59,891 level

Thursday, October 27, 2022

Opening Bell: Indian equity markets edged higher in today's(27 October 2022) trade amid mixed global cues. Key indices Nifty50 climbed over 100 points to trade above 17,750 levels and the S&P BSE Sensex advanced over 300 points to trade at 59,891 levels. The broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 rose over 0.3 percent each. All sectors were in a sea of green as the Nifty Metal index led the charge, rising over 1 percent in trade. Among individual stocks, shares of Dabur gained over 2 percent after the FMCG major plans to invest Rs 325.87 crore in its Indore plant in Madhya Pradesh. In addition, shares of Gland Pharma tumbled over 7 percent after the company saw a 20.1 percent decline in consolidated net profit to Rs 241.2 crore in Q2FY23.

MARKET UPDATE: Sensex advanced over 40 points to trade at 59,875 levels and the Nifty50 traded flat below 17,750 levels

MARKET UPDATE: Sensex advanced over 40 points to trade at 59,875 levels and the Nifty50 traded flat below 17,750 levels

Tuesday, October 25, 2022

Opening Bell: Indian equity markets opened volatile today(25 October 2022) amid mixed global cues. Key indices Nifty50 traded flat below 17,750 levels and the S&P BSE Sensex advanced over 40 points to trade at 59,875 levels. Broader markets, too, edged lower as Nifty MidCap 100 and Nifty SmallCap 100 lowered by over 0.3 percent. All sectors started to trade on a volatile note. Nifty IT, Nifty Metal, and Nifty Auto indices, however, led the charge as they surged up to 0.4 percent. Read more

MARKET UPDATE: Sensex advanced over 300 points to trade at 59,549 levels while Nifty50 rose over 50 points to trade above 17,600 levels

MARKET UPDATE: Sensex advanced over 300 points to trade at 59,549 levels while Nifty50 rose over 50 points to trade above 17,600 levels

Friday, October 21, 2022

Indian equity markets edged higher in today's( 21 October 2022) intra-day trade despite dim global cues. Key indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex advanced over 300 points to trade at 59,549 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.4 percent. Barring Nifty IT, Nifty Metal, and Nifty Media indices, all sectors traded on a positive note. The nifty PSU Bank index gained the most, over 2 percent. Under individual stocks, shares of Axis Bank surged over 6 percent after the lender posted a 70 percent YoY rise in standalone net profit to Rs 5,329.7 crore in Q2FY23. Also, shares of Lakshmi Machine Works rose over 3 percent after consolidated net profit climbed 139.6 percent YoY to Rs 104.30 crore in Q2FY23.

MARKET UPDATE: Nifty50 declined over 50 points to trade below 17,450 levels and the Sensex lowered over 200 points to trade at 58,873 levels

MARKET UPDATE: Nifty50 declined over 50 points to trade below 17,450 levels and the Sensex lowered over 200 points to trade at 58,873 levels

Thursday, October 20, 2022

Indian equity markets edged lower in today's(20 October 2022) intra-day trade amid weak global cues and muted foreign flows. Key indices Nifty50 declined over 50 points to trade below 17,450 levels and the S&P BSE Sensex lowered over 200 points to trade at 58,873 levels. A similar trend was seen across broader markets as Nifty Midcap 100 and Nifty Smallcap 100 slipped up to 0.8 percent. All sectors plunged into the sea of red as investors' risk appetite worsened. Nifty Auto, Nifty Metal, and Nifty Consumer Durables indices declined the most - over 1 percent. In individual stocks, shares of Nestle India gained over 1 percent after the company posted 8.3 percent YoY growth in net profit to Rs 668 crore in Q3, above street estimates. In addition, profit-booking was seen in IndusInd Bank as shares dropped over 6 percent after the company clocked 57 percent YoY standalone net profit growth to Rs 1,805 crore in Q2FY23.

MARKET UPDATE: Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels

MARKET UPDATE: Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels

Wednesday, October 19, 2022

Domestic equity markets edged higher in today's(19 October 2022) intra-day trade amid mixed global cues, falling crude prices, and strong domestic flows. Frontline indices Nifty50 climbed over 50 points to trade above 17,550 levels, whereas the S&P BSE Sensex surged over 250 points to trade at 59,212 levels. The strength was spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 percent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 percent. Among individual stocks, shares of Bharat Electronics gained over 1 percent after the company inked a pact with defense PSU Munitions India. Besides that, profit-booking was seen in L&T Technology Services after shares declined over 2 percent post-upbeat Q2FY23 performance.

MARKET UPDATE: Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels

MARKET UPDATE: Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels

Tuesday, October 18, 2022

Opening Bell: Indian equity markets were trading higher today(18 October 2022) amid strong global cues and falling crude oil prices. Key indices Nifty50 climbed over 200 points to trade above 17,500 levels and the S&P BSE Sensex surged over 700 points to trade at 59, 127 levels. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 advanced 0.7 percent each. All sectors started to trade on a firm note. Nifty Media, Nifty Auto, and Nifty IT indices gained the most - up to 2 percent. Among individual stocks, shares of Zee Entertainment surged over 4 percent after Invesco Developing Markets Fund sold a 10.14 percent stake via a block deal. In addition, shares of Adani Transmission gained over 2 percent after the company saw a 13 percent jump in the number of electricity units sold during Q2FY23.

MARKET UPDATE: Nifty50 lowered over 30 points to trade below 17,150 levels and the BSE Sensex declined over 100 points to trade at 57,811 levels

MARKET UPDATE: Nifty50 lowered over 30 points to trade below 17,150 levels and the BSE Sensex declined over 100 points to trade at 57,811 levels

Monday, October 17, 2022

Opening Bell: Indian equity markets opened flat today( 17 October 2022) amid weak global cues and muted foreign flows. Key indices Nifty50 lowered over 30 points to trade below 17,150 levels and the S&P BSE Sensex declined over 100 points to trade at 57,811 levels. Weakness ensued in the broader markets as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped up to 0.2 percent. Volatility gauge, India VIX, meanwhile, climbed over 4 percent. Barring Nifty Bank which started trade in the green zone, all other sectors nosedived in the sea of red. The Nifty Metal index declined the most, with over 1 percent in trade. Read more

MARKET UPDATE: Sensex climbed over 1,000 points to trade at 58,267 levels, while Nifty50 surged over 300 points to trade above 17,300 levels

MARKET UPDATE: Sensex climbed over 1,000 points to trade at 58,267 levels, while Nifty50 surged over 300 points to trade above 17,300 levels

Friday, October 14, 2022

Opening Bell: Bulls took control of Indian markets as they opened higher today(14 October 2022) amid strong global cues and easing crude oil prices. Key indices Nifty50 surged over 300 points to trade above 17,300 levels and the S&P BSE Sensex climbed over 1,000 points to trade at 58,267 levels. The strength spilled across broader markets as Nifty MidCap 100 and Nifty SmallCap 100 advanced over 1 percent each. All sectors were in positive territory with Nifty Bank and Nifty IT indices leading the front. Among individual stocks, shares of Infosys rose over 5 percent after the IT major reported a better-than-expected net profit of Rs 6,021 crore, up 11 percent YoY in Q2FY23. Besides, the shares of Mindtree gained over 2 percent after the company reported a 27 percent rise YoY in net profit to Rs 509 crore in Q2FY23, which was above street estimates.

MARKET UPDATE: Sensex fell over 250 points to hit a low of 57,360 levels, while Nifty50 declined over 50 points to test 17,050 levels

MARKET UPDATE: Sensex fell over 250 points to hit a low of 57,360 levels, while Nifty50 declined over 50 points to test 17,050 levels

Thursday, October 13, 2022

Indian equity markets edged lower in today's(13 October 2022) intra-day trade amid weak global cues and subdued foreign flows. Key indices Nifty50 declined over 50 points to test 17,050 levels and the S&P BSE Sensex fell over 250 points to hit a low of 57,360 levels. Broader markets, too, plunged in tandem as Nifty MidCap 100 and Nifty SmallCap 100 declined up to 0.5 percent. Volatility gauge, India VIX, meanwhile, climbed over 1 percent. All sectors traded on a volatile note. The nifty Metal index gained the most, over 1 percent. Nifty Bank, and Nifty IT indices, meanwhile, declined up to 0.5 percent. Among individual stocks, shares of HCL Technologies surged over 4 percent after the IT major raised its full-year revenue growth guidance to 13.5-14.5 percent. Besides, shares of Wipro tumbled over 6 percent to hit a fresh 52-week low after the company's Q3FY23 revenue growth guidance was below street estimates.

MARKET UPDATE: Sensex was up over 200 points to trade at 57,362 levels, while Nifty50 up over 50 points to trade above 17,050 levels

MARKET UPDATE: Sensex was up over 200 points to trade at 57,362 levels, while Nifty50 up over 50 points to trade above 17,050 levels

Wednesday, October 12, 2022

Opening Bell: Indian equity markets edged higher in today's(12 October 2022) trade amid mixed global cues and falling crude oil prices. Key indices Nifty50 was up over 50 points to trade above 17,050 levels, whereas the S&P BSE Sensex was up over 200 points to trade at 57,362 levels. Broader markets, too, climbed in the trade as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.4 percent. Sector-wise, all sectors opened on a volatile note. Nifty FMCG, Nifty IT, and Nifty Realty indices gained marginally in trade - up to 0.6 percent. Read more

MARKET UPDATE: Sensex fell 150 points to trade at 57,853 levels and Nifty50 declined over 30 points to trade below 17,250 levels

MARKET UPDATE: Sensex fell 150 points to trade at 57,853 levels and Nifty50 declined over 30 points to trade below 17,250 levels

Tuesday, October 11, 2022

Opening Bell: Volatility gripped domestic equity markets today(11 October 2022) amid weak global cues and subdued foreign flows. Frontline indices Nifty50 declined over 30 points to trade below 17,250 levels and the S&P BSE Sensex fell 150 points to trade at 57,853 levels The broader markets, however, steered southwards as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.2 percent. Sector-wises, all sectors swung between gains and losses, as Nifty IT, Nifty Media, and Nifty Pharma indices gained marginally in trade. Nifty Bank, Nifty Realty, and Nifty Auto indices, however, declined up to 0.4 percent.

MARKET UPDATE: Sensex fell over 700 points to trade at 57,480 levels and Nifty50 declined over 200 points to trade below 17,100 levels

MARKET UPDATE: Sensex fell over 700 points to trade at 57,480 levels and Nifty50 declined over 200 points to trade below 17,100 levels

Monday, October 10, 2022

Opening Bell: Today (10 October 2022) bears weighed domestic equity markets amid weak global cues, muted foreign flows, and higher crude oil prices. Key indices Nifty50 declined over 200 points to trade below 17,100 levels and the S&P BSE Sensex fell over 700 points to trade at 57,480 levels. The weakness spread to broader markets as Nifty MidCap 100 and Nifty SmallCap 100 lowered by over 1 percent each. Volatility gauge, India VIX, meanwhile, climbed over 6 percent. All sectors nosedived into the negative territory on the back of somber risk appetite. Nifty Bank, Nifty Auto, and Nifty FMCG indices tumbled the most - over 1 percent each. Read more

MARKET UPDATE: Markets volatile; Sensex was flat trade at 58,223 levels and Nifty50 turned green to trade flat above 17,300 levels

MARKET UPDATE: Markets volatile; Sensex was flat trade at 58,223 levels and Nifty50 turned green to trade flat above 17,300 levels

Friday, October 7, 2022

Opening Bell: Indian equity markets were volatile in today's (7 October 2022) intra-day trade, amid weak global cues and rising crude oil prices. Key indices Nifty50 turned green to trade flat above 17,300 levels and the S&P BSE Sensex was flat trade at 58,223 levels. Broader markets, too, swung between gains and losses in intra-day deals. The nifty SmallCap 100 index outperformed the benchmark, climbing over 0.2 percent. Barring Nifty Auto and Nifty IT indices, all sectors drowned in the sea of red. The nifty PSU Bank index was the worst hit in the trade as it declined over 1 percent. Among individual stocks, shares of Titan rallied over 6 percent after the company said that the overall sales grew by 18 percent YoY in the Q2 business update. Besides, shares of Nykaa gained over 1 percent after the company entered into a strategic alliance with Dubai-based fashion conglomerate Apparel Group to expand in the Gulf region.

Closing bell: Sensex closed at 58,222, up 157 points while Niftyclosed at 17,332, up 58 points

Closing bell: Sensex closed at 58,222, up 157 points while Niftyclosed at 17,332, up 58 points

Thursday, October 6, 2022

Closing bell: Indian equity markets were volatile in trade today (6 October 2022) as investors adjusted their positions amid the weekly F&O expiry. The S&P BSE Sensex oscillated within a narrow range of 405 points, before it closed at 58,222, up 157 points or 0.27 percent. The Nifty50, on the other hand, shut shop at 17,332, up 58 points or 0.33 percent. JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers, up between 1 percent and 5 percent. On the downside, Bharti Airtel, HUL, HDFC, IndusInd Bank, Divis Labs, SBI Life, Britannia, HDFC Bank, and Bajaj Finance were the top laggards, down up to 2.5 percent. Read more

MARKET UPDATE: Sensex surged over 450 points to trade at 58,538 levels and Nifty50 climbed over 100 points to trade above 17,400 levels

MARKET UPDATE: Sensex surged over 450 points to trade at 58,538 levels and Nifty50 climbed over 100 points to trade above 17,400 levels

Thursday, October 6, 2022

Opening Bell: Indian equity markets opened higher in today's(6 October 2022) trade amid mixed global cues and strong foreign flows. Key indices Nifty50 climbed over 100 points to trade above 17,400 levels and the S&P BSE Sensex surged over 450 points to trade at 58,538 levels. The broader markets, too, traded on a firm note as Nifty MidCap 100 and Nifty SmallCap 100 rose up to 0.9 percent. All sectors were in Green. Nifty Media, Nifty Realty, Nifty IT, and Nifty Metal indices gained the most, in the range of 1 percent to 2 percent. Read more

Stock market highlights:: Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250, up 387 points

Stock market highlights:: Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250, up 387 points

Tuesday, October 4, 2022

A global rebound in market sentiment propelled Indian equities higher today(4 October 2022). The S&P BSE Sensex gained 1,277 points, or 2.25 percent, to settle at 58,065. It had touched an intra-day high of 58,100. On the NSE, the Nifty50 shut shop at 17,274, up 387 points or 2.29 percent. The index neared 17,300-mark in the intra-day deals. "Indices surged over 2 percent buoyed by positive global cues, and encouraging quarterly updates on advances, and collections from banks during the second quarter. Ahead of the festive season, the Street is optimistic about retail demand across segments. Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the green. Positive tailwinds back home, amid gloom elsewhere in the globe, left Bears stranded today as the Sensex vaulted past 58,000," said a market expert. Read more

Closing bell: Choppy markets-Sensex settled at 56,789, down 638 points and Nifty50 closed 207 points lower at 16,887

Closing bell: Choppy markets-Sensex settled at 56,789, down 638 points and Nifty50 closed 207 points lower at 16,887

Monday, October 3, 2022

Indian equity markets were choppy today(3rd October 2022) as the global mood remained sombre, and investors booked profit after Friday's 2-per cent rally. The S&P BSE Sensex gyrated within a band of 771 points, before settling at 56,789, down 638 points or 1.11 percent. The NSE Nifty50, too, closed 207 points, or 1.21 percent, lower at 16,887. The index hit a high of 17,114.65, and a low of 16,855.55 during the day. Adani Enterprises was the biggest Nifty dragger as it dropped 9 percent. This was followed by selling in Eicher Motors, Maruti Suzuki, Adani Ports, Hindalco, Tata Consumer Products, HUL, Kotak Bank, ITC, HDFC Life, Britannia, SBI, and Tata Motors. All these stocks fell between 2 percent and 6 percent. On the upside, ONGC, Cipla, Coal India, Dr. Reddy's Labs, BPCL, Divis Labs, and Bharti Airtel helped trim losses. Read more

MARKET UPDATE: Sensex decreased over 250 points to trade at 57,168 levels while Nifty50 declined nearly 50 points to trade below 17,090 levels

MARKET UPDATE: Sensex decreased over 250 points to trade at 57,168 levels while Nifty50 declined nearly 50 points to trade below 17,090 levels

Monday, October 3, 2022

Opening Bell: Indian equity markets edged lower in today's (3rd October 2022) trade as investors digested rate hikes along with sluggish foreign inflows and muted global cues. Key indices Nifty50 declined nearly 50 points to trade below 17,090 levels and the S&P BSE Sensex decreased over 250 points to trade at 57,168 levels. The subdued risk appetite sent broader markets into a tailspin too, as Nifty MidCap 100 and Nifty SmallCap 100 lowered over 2 percent each. All sectors started trading on a volatile note. Nifty Energy, Nifty Media, and Nifty Pharma indices traded with marginal gains, whereas, Nifty Bank, Nifty Metal, and Nifty Auto indices were bogged down. While NTPC, Ultratech Cement, Sun Pharma, and Reliance Industries, attempted to trim losses for the benchmark indices; M&M, IndusInd Bank, Kotak Bank, and Titan, weighed on the indices. Among individual stocks, shares of ONGC soared over 5 percent after the government hiked prices of natural gas by 40 percent.

MARKET UPDATE: Sensex shed over 200 points to trade at 56,200 levels, while Nifty50 declined over 40 points to trade below 17,800 levels

MARKET UPDATE: Sensex shed over 200 points to trade at 56,200 levels, while Nifty50 declined over 40 points to trade below 17,800 levels

Friday, September 30, 2022

Opening Bell: Indian equity markets edged lower in today's(30 September 2022) trade ahead of the Reserve Bank of India's (RBI) interest rate stance post their 3-day monetary policy committee meeting. Experts expect the central bank to raise interest rates up to 50 basis points. Key indices Nifty50 declined over 40 points to trade below 17,800 levels and the S&P BSE Sensex shed over 200 points to trade at 56,200 levels. The broader markets, too, lost steam as Nifty MidCap 100 and Nifty SmallCap 100 dropped over 0.1 percent each. Reduced risk appetite coupled with rate hike fears brought volatility across sectoral pockets. Nifty Metal and Nifty Pharma indices held up with marginal gains, whereas Nifty Realty, Nifty Bank, and Nifty Auto indices were beaten down in trade. Read more

MARKET UPDATE: Sensex jumped over 450 points to trade at 57,149 levels, while Nifty50 climbed over 150 points to trade above 17,000 levels

MARKET UPDATE: Sensex jumped over 450 points to trade at 57,149 levels, while Nifty50 climbed over 150 points to trade above 17,000 levels

Thursday, September 29, 2022

Opening Bell: Indian equity markets snapped the six-day losing streak in today's(29 September 2022) trade on the back of revived global sentiments. Key indices Nifty50 climbed over 150 points to trade above 17,000 levels and the S&P BSE Sensex jumped over 450 points to trade at 57,149 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged over 1 percent each. All sectors were in positive territory due to bullish sentiments. Nifty Media, Nifty Metal, and Nifty PSU Bank advanced in the range of 1 percent to 2 percent. While Tata Steel, IndusInd Bank, SBI, ITC, and Axis Bank, helped benchmark indices gain in trade; Asian Paints, Power Grid, TCS, and Nestle India, weighed on the indices.

MARKET UPDATE: Sensex dropped over 500 points to trade at 56,579 levels, while Nifty50 declined over 100 points to trade below 16,900 levels

MARKET UPDATE: Sensex dropped over 500 points to trade at 56,579 levels, while Nifty50 declined over 100 points to trade below 16,900 levels

Wednesday, September 28, 2022

Opening Bell: Weak foreign flows, tepid global sentiments, and hopes of tighter monetary policy drove Indian equity markets lower today (28 September 2022) morning. Key indices Nifty50 declined over 100 points to trade below 16,900 levels and the S&P BSE Sensex dropped over 500 points to trade at 56,579 levels. The muted risk appetite among investors also kept broader markets in negative territory as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped in the range of 0.6 to 0.7 percent. Likewise, all sectors started to trade in a bearish tone. Nifty Auto, Nifty Metal, and Nifty Bank indices faced the biggest fall as they declined over 1 percent each. Read more

Closing bell:BSE Sensex stood at 57,107.5, down 38 points and Nifty50 settled at 17,007, down 9 points

Closing bell:BSE Sensex stood at 57,107.5, down 38 points and Nifty50 settled at 17,007, down 9 points

Tuesday, September 27, 2022

Closing bell: Equity markets in India closed lower for a 4-straight day today(27 September 2022) as global growth concerns remained on investors' minds. The S&P BSE Sensex swung between gains and losses during the day, traversing 754 points intra-day. At close, the index stood at 57,107.5, down 38 points or 0.07 percent. The Nifty50, meanwhile, hit a high of 17,176, and a low of 16,942 during the day. It, eventually, settled at 17,007, down 9 points or 0.05 percent. The broader markets, on the other hand, outperformed as the Nifty MidCap, and SmallCap indices gained up to 0.2 percent. Read more

MARKET UPDATE: Sensex jumped over 350 points to trade at 57,535 levels, while Nifty50 climbed 100 points to trade above 17,100

MARKET UPDATE: Sensex jumped over 350 points to trade at 57,535 levels, while Nifty50 climbed 100 points to trade above 17,100

Tuesday, September 27, 2022

Opening Bell: Indian equity markets started today's (27 November 2022) trade on a positive note as global recession fears receded. Key indices Nifty50 climbed 100 points to trade above 17,100 and the S&P BSE Sensex jumped over 350 points to trade at 57,535 levels. Similar strength was reflected in broader markets too, as Nifty MidCap 100 and Nifty SmallCap 100 surged up to 0.6 percent. All sectors opened with marginal gains. Nifty PSU Bank, Nifty Media, Nifty Metal, and Nifty Auto indices climbed up to 1 percent in trade. Read more

MARKET UPDATE:Sensex declined over 750 points to trade at 57,282 levels, while Nifty50 shed over 200 points to trade below 17,100 levels

MARKET UPDATE:Sensex declined over 750 points to trade at 57,282 levels, while Nifty50 shed over 200 points to trade below 17,100 levels

Monday, September 26, 2022

Opening Bell: Indian equity markets opened lower today(26 September 2022) as sentiments remain muted overseas. Key indices Nifty50 shed over 200 points to trade below 17,100 levels and the S&P BSE Sensex declined over 750 points to trade at 57,282 levels. Weakness was observed in broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 2 percent each. All sectors were in red with Nifty Auto, Nifty Metal, and Nifty Realty indices bearing the brunt of the worst sell-off. While HUL, Bajaj Finserv, Infosys, Nestle India, and Ultratech Cement, attempted to trim losses for the benchmark indices; Power Grid, M&M, Maruti Suzuki, Tata Steel, and Wipro contributed to the sharp cuts. Among individual stocks, shares of Goa Carbon gained over 2 percent in a weak market after the company planned to mull fundraise on Thursday, September 29.

MARKET UPDATE:Sensex declined over 250 points to trade at 58,867 levels, while Nifty50 dropped over 50 points to trade below 17,600 levels

MARKET UPDATE:Sensex declined over 250 points to trade at 58,867 levels, while Nifty50 dropped over 50 points to trade below 17,600 levels

Friday, September 23, 2022

Opening Bell: Indian equity markets opened lower in today's (23 September 2022) trade amid weak global cues and rising rate scenarios. Key indices Nifty50 dropped over 50 points to trade below 17,600 levels and the S&P BSE Sensex declined over 250 points to trade at 58,867 levels. The subdued risk appetite was witnessed in broader markets too, as Nifty SmallCap 100 and Nifty MidCap 100 indices slumped over 0.2 percent. All sectors traded on a volatile note. While Nifty Media, Nifty Pharma, and Nifty Metal indices opened with marginal gains; Nifty Bank, Nifty Realty, and Nifty Energy indices slipped the most - nearly 1 percent. Read more

MARKET UPDATE:Sensex declined over 450 points to trade at 58,996 levels, while Nifty50 dropped 100 points to trade below 17,650 levels

MARKET UPDATE:Sensex declined over 450 points to trade at 58,996 levels, while Nifty50 dropped 100 points to trade below 17,650 levels

Thursday, September 22, 2022

Opening Bell: Indian markets opened lower today(22 September 2022) after the US Federal Reserve's 75 basis point rate hike sent global markets into a tailspin. Key indices Nifty50 dropped 100 points to trade below 17,650 levels and the S&P BSE Sensex declined over 450 points to trade at 58,996 levels. Weakness ensued in the broader markets as well, as Nifty MidCap and SmallCap indices slipped up to 0.1 percent. Barring Nifty FMCG and Nifty Media, which opened with marginal gains, most sectors nosedived in negative territory. Nifty IT and Nifty Bank indices declined the most - up to 1 percent. While ITC, HUL, and Nestle India attempted to trim losses for the benchmark indices; Bajaj Finserv, Tech Mahindra, Wipro, and HDFC contributed to the sharp cuts.

MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels

MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels

Wednesday, September 21, 2022

Indian markets were flat on today's(21 September 2022) intra-day trade ahead of the US Federal Reserve's interest rate outcome. Key indices Nifty50 were flat below 17,800 levels and the S&P BSE Sensex was flat at 59,707 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.4 percent. All sectors traded on a volatile note as they swung between gains and losses. Nifty FMCG and Nifty Media indices climbed over 1 percent. On the other hand, Nifty Bank, Nifty Energy, and Nifty Realty indices were bogged down in trade. Read more

MARKET UPDATE:Sensex climbed over 600 points to trade at 59,761 levels, while Nifty50 rose over 150 points to trade above 17,800 levels

MARKET UPDATE:Sensex climbed over 600 points to trade at 59,761 levels, while Nifty50 rose over 150 points to trade above 17,800 levels

Tuesday, September 20, 2022

Opening Bell: Indian equity markets opened higher today(20 September 2022) amid modest gains overseas. Key indices Nifty50 rose over 150 points to trade above 17,800 levels and the S&P BSE Sensex climbed over 600 points to trade at 59,761 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged over 1 percent each. All sectors started in positive territory, as Nifty IT and Nifty Media indices led the charge - up over 1 percent. IndusInd Bank, Tech Mahindra, HCL Technologies, Bajaj Finserv, and Infosys, were the top contributors to benchmark indices. Read more

MARKET UPDATE:Sensex traded at 58,828 levels, while Nifty50 opened flat to trade above 17,500 levels

MARKET UPDATE:Sensex traded at 58,828 levels, while Nifty50 opened flat to trade above 17,500 levels

Monday, September 19, 2022

Opening Bell: Indian equity markets opened flat today ( 19 September 2022) amid weak global cues due to rate hike fears. Key indices Nifty50 opened flat to trade above 17,500 levels and the S&P BSE Sensex traded at 58,828 levels. Broader markets, too, edged lower in the trade as Nifty SmallCap 100 and Nifty MidCap100 declined up to 1 percent. Barring Nifty PSU Bank, all sectors nosedived in negative territory. Nifty Media, Nifty Pharma, and Nifty Realty indices dropped the most - up to 1 percent. While Bajaj Finserv, Infosys, and Axis Bank, helped trim losses for the benchmark indices; HCL Technologies, Asian Paints, Dr. Reddy's, and Titan, contributed to the sharp cuts. Read more

MARKET UPDATE:Sensex declined over 400 points to trade at 59,533 levels, while Nifty50 opened over 100 points lower to trade below 17,800 levels

MARKET UPDATE:Sensex declined over 400 points to trade at 59,533 levels, while Nifty50 opened over 100 points lower to trade below 17,800 levels

Friday, September 16, 2022

Opening Bell: Indian equity markets opened lower today(16 September 2022) amid weak global cues. Frontline indices Nifty50 opened over 100 points lower to trade below 17,800 levels and the S&P BSE Sensex declined over 400 points to trade at 59,533 levels. Low-risk appetite instilled weakness in broader markets too, as Nifty Midcap 100 and Nifty Smallcap 100 dropped up to 0.3 percent. Tech Mahindra, M&M, Wipro, Maruti Suzuki, Infosys, and TCS, contributed to the sharp cuts in benchmark indices. Sun Pharma, Bajaj Finance, and Asian Paints, however, helped trim losses. All sectors plunged in the sea of red - Nifty Auto, Nifty Metal, and Nifty IT indices slipped the most, over 1 percent. Read more

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,632 levels, while Nifty50 rose over 50 points to trade above 18,050 levels

MARKET UPDATE:Sensex climbed over 250 points to trade at 60,632 levels, while Nifty50 rose over 50 points to trade above 18,050 levels

Thursday, September 15, 2022

Opening Bell: Modest recovery in global markets spilled strength in Indian equity markets today (15 September 2022). Frontline indices Nifty50 rose over 50 points to trade above 18,050 levels and the S&P BSE Sensex climbed over 250 points to trade at 60,632 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 percent. Kotak Mahindra Bank, NTPC, M&M, HUL, ITC, and Maruti Suzuki were top contributors to the benchmark indices. Meanwhile, Tata Steel, Infosys, and IndusInd Bank weighed them down. Barring Nifty Media, all sectors started to trade on a positive note with marginal gains. Nifty Bank index hit an all-time high of 41,829. Read more

MARKET UPDATE: BSE Sensex climbed over 350 points to trade above 60,000 levels and the Nifty50 rose 100 points to trade above 17,900 levels

MARKET UPDATE: BSE Sensex climbed over 350 points to trade above 60,000 levels and the Nifty50 rose 100 points to trade above 17,900 levels

Friday, September 9, 2022

Opening Bell: Indian markets opened on a positive note in today's(9 September 2022) trade amidst mixed global cues. Frontline indices Nifty50 rose 100 points to trade above 17,900 levels and the S&P BSE Sensex climbed over 350 points to trade above 60,000 levels. Broader markets, too, climbed in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent. IndusInd Bank, ICICI Bank, SBI, HUL, and Tata Steel were top contributors to the benchmark indices. All sectors opened in green with Nifty Bank and Nifty Metal indices leading the charge.

MARKET UPDATE: Sensex climbed over 450 points to trade at 59,513 levels and the Nifty50 rose 100 points to trade above 17,700 levels

MARKET UPDATE: Sensex climbed over 450 points to trade at 59,513 levels and the Nifty50 rose 100 points to trade above 17,700 levels

Thursday, September 8, 2022

Opening Bell: Indian markets opened positively in today's (8 September 2022) trade amid firm global cues. Frontline indices Nifty50 rose 100 points to trade above 17,700 levels and the S&P BSE Sensex climbed over 450 points to trade at 59,513 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 percent. Tech Mahindra, Asian Paints, IndusInd Bank, ICICI Bank, and Infosys were the top contributors to the benchmark indices. All sectors opened in positive territory with Nifty IT and Nifty PSU Bank indices leading the trade. Among individual stocks, shares of NDTV hit a 5 percent lower circuit for the second consecutive day. Besides, shares of Max Ventures and Industries gained 2 percent after the company planned to buy Acreage Builders for Rs 322.5 crore.

MARKET UPDATE: Sensex dropped 400 points to trade at 58,769 levels and the Nifty50 declined 100 points to trade below 17,550 levels

MARKET UPDATE: Sensex dropped 400 points to trade at 58,769 levels and the Nifty50 declined 100 points to trade below 17,550 levels

Wednesday, September 7, 2022

Opening Bell: Indian markets opened weak in today's (7 September 2022) trade amidst dull global cues. Frontline indices Nifty50 declined 100 points to trade below 17,550 levels and the S&P BSE Sensex dropped 400 points to trade at 58,769 levels. Broader markets, however, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 gained up to 0.2 percent. While Bharti Airtel, IndusInd Bank, and HDFC pulled the indices down; HUL, Dr. Reddy's, and Nestle India helped trim losses. All sectors plunged in a sea of red with Nifty IT, Nifty Bank, and Nifty Realty indices battered in trade. Among individual stocks, shares of Paras Defence gained 3 percent after the company inked a pact with Czech Republic's ELDIS Pardubice.

MARKET UPDATE: Sensex rose 300 points to 59,540, and the Nifty50 gained 81 points to 17,747

MARKET UPDATE: Sensex rose 300 points to 59,540, and the Nifty50 gained 81 points to 17,747

Tuesday, September 6, 2022

Opening Bell: Indian equity markets opened with nominal gains today(6 September 2022) tracking strength in Asian markets, which rose up to 1 percent. The BSE Sensex rose 300 points to 59,540, and the NSE Nifty50 gained 81 points to 17,747. Barring ITC and Nestle, all Sensex stocks opened higher. NTPC, IndusInd Bank, Reliance, Maruti, Powergrid, and Bharti Airtel were the top winners, up to 1 percent higher. The broader markets also started in green. The BSE MidCap and SmallCap indices were up to 0.7 percent higher. DreamFolks Services is set to make its debut today. The IPO was subscribed 56.68 times, and the issue price is fixed at Rs 326. As per IPO Watch, DreamFolks could list up to 30 percent higher than the issue price.

MARKET UPDATE: Sensex opened 200 points higher topping 59,000, and Nifty50 gained 55 points to 17,594

MARKET UPDATE: Sensex opened 200 points higher topping 59,000, and Nifty50 gained 55 points to 17,594

Monday, September 5, 2022

Opening bell: Indian equity markets opened with tepid gains today(5 September 2022) as global sentiment remained mixed. The BSE Sensex opened 200 points higher topping 59,000, and the NSE Nifty50 gained 55 points to 17,594. On the Sensex, NTPC, Tata Steel, HCL Tech, Tech M, IndusInd Bank, and ICICI Bank were the top winners, while six stocks opened lower led by Nestle, Dr. Reddy's, and Wipro, which fell up to 0.4 percent. The broader markets are also firmly higher. The BSE MidCap and SmallCap indices rose up to 0.7 percent. Tamilnad Mercantile Bank’s three-day IPO offer will open for subscription today. The private sector lender has fixed the price band at Rs 500-525 per share for its Rs 832-crore initial share offer.

MARKET UPDATE: Sensex climbed over 200 points to trade at 58,979 levels and the Nifty50 rose over 50 points to trade above 17,600 levels

MARKET UPDATE: Sensex climbed over 200 points to trade at 58,979 levels and the Nifty50 rose over 50 points to trade above 17,600 levels

Friday, September 2, 2022

Opening Bell: Indian markets opened on a positive note in today's(2nd September 2022) trade amid mixed global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex climbed over 200 points to trade at 58,979 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.7 percent. All sectors opened in the green zone with marginal gains. Nifty Energy bucked the trend as the index gained over 1 percent in trade. NTPC, Bajaj Finserv, and Kotak Bank were top contributors to the benchmark indices. Meanwhile, Nestle India and Maruti Suzuki weighed on the indices. Among individual stocks, shares of Adani Enterprises hit a 52-week high of Rs 3,290 per share on reports of inclusion in the Nifty50 index. Besides, shares of NTPC surged 3 percent after the state-run power giant received bids for a minority stake sale for its green unit.

MARKET UPDATE:Sensex declined over 800 points to trade at 58,734 levels and the Nifty50 opened over 200 points lower to trade below 17,550 levels

MARKET UPDATE:Sensex declined over 800 points to trade at 58,734 levels and the Nifty50 opened over 200 points lower to trade below 17,550 levels

Thursday, September 1, 2022

Opening Bell: Bears pulled markets lower today( 1 September 2022) amid weak global sentiments. Frontline indices Nifty50 opened over 200 points lower to trade below 17,550 levels, while the S&P BSE Sensex declined over 800 points to trade at 58,734 levels. Broader markets, too, declined in tandem as Nifty Smallcap 100 and Nifty Midcap 100 slipped up to 0.5 percent. Sectorwise, barring Nifty Realty, all sectoral indices dropped into negative territory. Nifty IT and Nifty Bank faced the worst brunt as both indices dropped over 1 percent each.

MARKET UPDATE:Sensex climbed 400 points to trade at 58,392 levels and the Nifty50 rose over 100 points to trade above 17,450 levels

MARKET UPDATE:Sensex climbed 400 points to trade at 58,392 levels and the Nifty50 rose over 100 points to trade above 17,450 levels

Tuesday, August 30, 2022

Opening Bell: Markets opened on a positive note in today's(30 August 2022) trade amid mixed global cues. Frontline indices Nifty50 rose over 100 points to trade above 17,450 levels and the S&P BSE Sensex climbed 400 points to trade at 58,392 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.9 percent. Bajaj Twins, IndusInd Bank, Axis Bank, and Tata Steel, were top contributors to the benchmark indices. Meanwhile, Reliance Industries and Bharti Airtel weighed on the indices. All sectors opened in the green zone with Nifty Media, Nifty Metal, and Nifty Energy indices rising over 1 percent each. Among individual stocks, shares of Ashok Leyland gained 1 percent after the automaker announced 6 new models for their LCV range.

Major factors for today's market mayhem

Major factors for today's market mayhem

Monday, August 29, 2022

US markets plunged sharply after Powell’s speech on Friday. The Nasdaq shed the most by falling nearly 4 percent. The futures of the frontline indices were also steeply lower in after-market hours. The same was true for Asian equities as Nikkei, Hang Seng, and Strait times indices tanked up to 2.9 percent on Monday. Fresh recession fears: The US Fed's chair not only maintained that the bank would continue with interest rate hikes but also triggered renewed fears of an impending recession in the US economy. That apart, spiraling gas prices spiral in Europe are further lending strength to fears of a recession in major Western economies. European gas prices hit a record high above €343 per megawatt hour ($100 per million British thermal units) on Friday, hinting at the stark threat to energy-intensive industries. Read more

MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels

MARKET UPDATE:Sensex crashed over 1,300 points to trade at 57,520 levels and the Nifty50 declined over 350 points to trade below 17,200 levels

Monday, August 29, 2022

Opening Bell: Markets opened lower in today's(29 August 2022) trade amid weak global sentiments marked by fear of rising interest rates. Frontline indices Nifty50 declined over 350 points to trade below 17,200 levels, while the S&P BSE Sensex fell over 1,300 points to trade at 57,520 levels. Broader markets, too, declined in tandem as Nifty Smallcap 100 and Nifty Midcap 100 dropped over 2 percent. All sectors were in red with Nifty IT, Nifty PSU Bank, and Nifty Realty indices battered in trade. Among individual stocks, shares of Reliance Industries slipped nearly 1 percent ahead of their 45th Annual General Meeting.

Sensex climbed over 450 points at 59,248 levels and the Nifty50 rose over 100 points to trade above 17,650 levels

Sensex climbed over 450 points at 59,248 levels and the Nifty50 rose over 100 points to trade above 17,650 levels

Friday, August 26, 2022

Opening Bell: Indian markets opened today (26 August 2022) on a positive note amid firm global cues. Frontline indices Nifty50 rose over 100 points to trade above 17,650 levels and the S&P BSE Sensex climbed over 450 points at 59,248 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 1 percent. M&M, Tata Steel, Titan, and Infosys were top contributors to the benchmark indices. Meanwhile, Bharti Airtel, Dr Reddy's, Asian Paints weighed on the indices. All sectors opened in the green zone with Nifty Auto, Nifty Metal, and Nifty PSU Bank leading the pack. Among individual stocks, shares of Titan gained 2 percent on the company's expansion plans overseas. Besides, shares of Nelco soared 10 percent post-tie-up with Intelsat on in-flight connectivity services.

MARKET UPDATE:Sensex climbed over 250 points at 59,326 levels and the Nifty50 rose over 50 points to trade above 17,650 levels

MARKET UPDATE:Sensex climbed over 250 points at 59,326 levels and the Nifty50 rose over 50 points to trade above 17,650 levels

Thursday, August 25, 2022

Opening Bell: Indian markets opened on a positive note in today's(25 august 2022) trade on the BSE amid strong global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,650 levels and the S&P BSE Sensex climbed over 250 points at 59,326 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.7 percent. All sectors turned in the green zone. Nifty Media, Nifty Realty, and Nifty IT lead the charge. Bharti Airtel, Tata Steel, Titan, and HUL were top contributors to the benchmark indices. Meanwhile, Asian Paints and Nestle India weighed on the indices. Among individual stocks, shares of NHPC gained 2 percent after the subsidiary signed MoU with the government of Rajasthan. Besides, shares of RBL Bank soared over 23 percent in three days after the board cleared the Rs 3,000 crore fundraising.

MARKET UPDATE:Sensex inched above 59,000 levels and the Nifty50 climbed above 17,550 levels

MARKET UPDATE:Sensex inched above 59,000 levels and the Nifty50 climbed above 17,550 levels

Wednesday, August 24, 2022

Opening Bell: Markets opened on a flat note amid weak global cues today(24 August 2022). Frontline indices Nifty50 climbed above 17,550 levels, whereas the S&P BSE Sensex inched above 59,000 levels. Broader markets marched forward in the trade as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.5 percent. Sector-wise, Nifty Media and Nifty Realty opened with marginal gains. Nifty Auto and Nifty Financial Services, however, opened with minor losses. IndusInd Bank, ITC, Sun Pharma, and TCS supported the benchmark indices, whereas, Bharti Airtel, Asian Paints, and Maruti weighed on the benchmark indices. Besides, shares of NDTV hit 5 percent upper circuit as Adani Group plans to acquire a 29.1 percent stake.

MARKET UPDATE:Sensex was up 200 points near 59,000 level and the Nifty50 above the 17,550-mark, rising over 70 points

MARKET UPDATE:Sensex was up 200 points near 59,000 level and the Nifty50 above the 17,550-mark, rising over 70 points

Tuesday, August 23, 2022

Opening Bell: In a sharp rebound, equity markets reversed morning losses and were trading with decent gains today(23 August 2022). Frontline Nifty50 index was back above the 17,550-mark, rising over 70 points, while the S&P BSE Sensex was up 200 points near 59,000 levels. Broader markets, too, recouped losses as the Nifty Midcap 100 and Nifty Smallcap 100 advanced up to 0.9 percent. While NTPC, M&M, and Sun Pharma were supporting the indices to trim losses; Infosys, Wipro, and Tech Mahindra weighed heavily on the indices. . All sectors opened in the negative zone with Nifty IT and Nifty Metal indices battered in trade. Among individual stocks, shares of Infosys dropped over 2 percent after the IT major slashed the average variable payout for the June quarter. Besides, shares of RBL Bank gained over 2 percent after the board approved fund raise of Rs 3,000 crore.

MARKET UPDATE:Sensex declined over 650 points to 58,986 level and the Nifty50 extended loss over 150 points lower to trade below 17,600 levels

MARKET UPDATE:Sensex declined over 650 points to 58,986 level and the Nifty50 extended loss over 150 points lower to trade below 17,600 levels

Monday, August 22, 2022

Bears pulled markets into negative territory today (22 August 2022) as Nifty50 extended a loss of over 150 points lower to trade below 17,600 levels. The S&P BSE Sensex declined over 650 points to 58,986 levels. Broader markets, too, edged lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 slipped over 1 percent each. Barring Nifty FMCG, all sectors dropped in the negative zone with Nifty IT, Nifty Realty, and Nifty IT indices the most battered trade. Among individual stocks, shares of Adani Power hit a 52-week high of Rs 427 per share after the company acquired DB Power for around Rs 7,000 crore. Besides, shares of Delhivery shed over 5 percent after the logistics firm net loss widened to Rs 399 crore in Q1FY23.

MARKET UPDATE:Sensex climbed over 300 points at 59,793 levels and the Nifty50 rose over 50 points to trade above 17,750 levels

MARKET UPDATE:Sensex climbed over 300 points at 59,793 levels and the Nifty50 rose over 50 points to trade above 17,750 levels

Tuesday, August 16, 2022

Opening Bell: Markets opened higher in today's ( 16 august 2022) trade on the BSE amid positive global cues. Frontline indices Nifty50 rose over 50 points to trade above 17,750 levels, while the S&P BSE Sensex climbed over 300 points at 59,793 levels. Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 surged up to 0.6 percent. Sector-wise, Nifty Auto, Nifty Bank, and Nifty IT were the winners. Nifty Metal, however, was the sole sectoral loser in the trade. Among individual stocks, shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 1,298 per share after the auto major launched five new electric SUVs.

MARKET UPDATE:Sensex shed 100 points to trade at 59,226 levels and the Nifty50 slipped below 17,650 levels

MARKET UPDATE:Sensex shed 100 points to trade at 59,226 levels and the Nifty50 slipped below 17,650 levels

Friday, August 12, 2022

Opening Bell: Indian markets opened flat in today's(12 august 2022) trade on the BSE. Frontline indices Nifty50 slipped below 17,650 levels and the S&P BSE Sensex shed 100 points to trade at 59,226 levels Broader markets outperformed benchmark indices as Nifty Smallcap 100 and Nifty Midcap 100 surged up to 0.2 percent. Power Grid, NTPC, Tata Steel, SBI, and IndusInd Bank were the top contributors to the benchmark indices. Maruti, Nestle India, and Tech Mahindra, on the other hand, weighed on benchmark indices Sector-wise, Nifty Realty and Nifty Metal led the pack. Nifty IT, Nifty Auto, and Nifty Media, however, were losers in the trade. Among individual stocks, shares of Oil India climbed 1 percent after the state explorer tripled its net profit to Rs 1,555.4 crore in Q1FY23

MARKET UPDATE:Sensex surges 500pts, Nifty50 above 17,700 in pre-open deals

MARKET UPDATE:Sensex surges 500pts, Nifty50 above 17,700 in pre-open deals

Thursday, August 11, 2022

Opening Bell: The Indian equity markets are likely to open on a positive note amid supportive global cues. As of 7:50 AM, the SGX Nifty Futures quoted 17,743 levels, indicating a gap up open of over 200 odd points on the Nifty50. Globally, better-than-expected US inflation data at 8.5 percent in July cheered Wall Street on Wednesday. Dow Jones jumped 500 points to 1.6 percent, while the S&P 500 climbed 2.1 percent, and NASDAQ Composite advanced 2.8 percent. Asia-Pacific markets followed suit and climbed in Thursday's morning trade. Australia's S&P 200 rose 0.9 percent, while South Korea's Kospi was 1.3 percent higher. Read more

MARKET UPDATE:Sensex at 58,822 levels and the Nifty50 rose 18 points to trade above 17,500 levels

MARKET UPDATE:Sensex at 58,822 levels and the Nifty50 rose 18 points to trade above 17,500 levels

Wednesday, August 10, 2022

Opening Bell: The Indian markets opened flat in today's(10 August 2022) trade on the BSE amid weak global cues. Frontline indices Nifty50 rose 18 points to trade above 17,500 levels, whereas the S&P BSE Sensex was at 58,822 levels. Broader markets, however, were positive in the trade as Nifty Midcap 100 and Nifty Small Cap 100 gained up to 0.2 percent. Nestle India, Sun Pharma, ICICI Bank, Power Grid, and Bharti Airtel were the top contributors to benchmark indices. Sectorally, Nifty led Auto and Nifty FMCG indices led the charge. Nifty IT and Nifty Realty, however, were bogged down in trade. Read more

MARKET UPDATE:Sensex shed 100 points at 58,299 levels and the Nifty50 was down 30 points to trade below 17,400 mark

MARKET UPDATE:Sensex shed 100 points at 58,299 levels and the Nifty50 was down 30 points to trade below 17,400 mark

Monday, August 8, 2022

Opening Bell: Indian equity markets opened weak today's(8 August 2022) trade on BSE amid weak global sentiments. Benchmark indices Nifty50 was down 30 points to trade below the 17,400 mark, whereas the S&P BSE Sensex shed 100 points at 58,299 levels. Broader markets, too, reflected the tepid mood as Nifty Midcap 100 underperformed Nifty Smallcap 100 and lost 0.06 percent in trade. sector-wise, Nifty Metal, Nifty Pharma, and Nifty Auto defied the overall market mood. However, Nifty PSU Bank and Nifty Realty were bogged down in trade. Among individual stocks, shares of Titan gained over 1 percent after net profit jumped three-fold to Rs 790 crore in Q1FY23. Besides, shares of Adani Ports climbed 0.7 percent ahead of their Q1FY23 results.

MARKET UPDATE:Sensex climbed over 200 points to trade at 58,517 levels and Nifty50 rose 40 points to trade above 17,400 levels

MARKET UPDATE:Sensex climbed over 200 points to trade at 58,517 levels and Nifty50 rose 40 points to trade above 17,400 levels

Friday, August 5, 2022

The Indian equity markets steered in a positive direction after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 percent. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. Frontline indices like Nifty50 rose 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex climbed over 200 points to trade at 58,517 levels. Rate-sensitive sectors like Nifty Bank and Nifty Realty gain up to 0.4 percent. Nifty Auto, however, was down 0.1 percent in trade.

MARKET UPDATE:Sensex up 300 points to 58,676.8 levels and the Nifty50 opened over 50 points higher to trade above 17,450 levels

MARKET UPDATE:Sensex up 300 points to 58,676.8 levels and the Nifty50 opened over 50 points higher to trade above 17,450 levels

Thursday, August 4, 2022

Opening Bell: Bulls drove Indian markets higher as they opened in positive territory at the BSE today(4 August 2022). Frontline indices Nifty50 opened over 50 points higher to trade above 17,450 levels, whereas the S&P BSE Sensex was up 300 points to 58,676.8 levels. The strength spilled across broader markets as Nifty Midcap 100 and Nifty Smallcap 100 climbed up to 0.8 percent. Hindalco, Infosys, Shree Cements, UPL, IndusInd Bank, Ultratech Cement, TCS, Bajaj Finserv, and Axis Bank were the top contributors to the benchmark indices. Sector-wise, Nifty IT and Nifty Media led the upside. Nifty Realty, however, was the sore sectoral loser. Read more

MARKET UPDATE:Sensex climbed 100 points to 58,245 levels and the Nifty50 rose 33 points above 17,350 levels

MARKET UPDATE:Sensex climbed 100 points to 58,245 levels and the Nifty50 rose 33 points above 17,350 levels

Wednesday, August 3, 2022

Opening Bell: The Indian equity markets today(3 August 2022) opened on a positive note at the BSE despite mixed global cues. Frontline indices Nifty50 rose 33 points above 17,350 levels and the S&P BSE Sensex climbed 100 points to 58,245 levels. While Eicher Motors, JSW Steel, and Cipla were the top contributors to the 50-packed index, Bharti Airtel, Reliance, and Tata Steel were top contributors to the S&P BSE Sensex. Broader markets, meanwhile, were mixed in trade. Nifty Midcap 100 was down 0.1 percent, whereas Nifty Smallcap 100 surged 0.3 percent. Sector-wise, Nifty Metal, and Nifty Pharma opened with marginal gains. However, Nifty Auto and Nifty Media indices were bogged down in trade. Read more

MARKET UPDATE:Sensex down over 150 points to 57,929 levels and the Nifty50 slipped over 50 points below 17,300 levels

MARKET UPDATE:Sensex down over 150 points to 57,929 levels and the Nifty50 slipped over 50 points below 17,300 levels

Tuesday, August 2, 2022

Opening Bell: The Indian markets opened choppy today (2 August 2022) morning at the BSE amid weak global sentiments. Frontline indices Nifty50 slipped over 50 points below 17,300 levels, whereas the S&P BSE Sensex was down over 150 points to 57,929 levels. Also, broader markets were under pressure as Nifty Midcap 100 and Nifty Smallcap 100 declined 0.2 percent and 0.1 percent, respectively. Sector-wise, the Nifty Metal index bled over 1 percent in trade. However, Nifty FMCG and Nifty Media indices opened with marginal gains. Read more

MARKET UPDATE:Sensex climbed to 57,823 levels and the Nifty rose to 17,222 levels

MARKET UPDATE:Sensex climbed to 57,823 levels and the Nifty rose to 17,222 levels

Monday, August 1, 2022

Opening bell: Indian markets opened in positive territory today(1st August 2022) at BSE. Nifty50 rose 0.3 per cent, to 17,222 levels, while the S&P BSE Sensex climbed 0.2 per cent to 57,823 levels. Broader markets, too, were exuberant in the trade as Nifty Midcap 100 and Nifty Smallcap 100 inched higher up to 0.5 percent. Sector-wise, Nifty Auto and Nifty Media hogged the limelight as they climbed to 2 percent in trade. UPL surged 2.09 percent among individual stocks ahead of their June quarter results (Q1FY23). Besides, shares of Zee Entertainment were up 3.6 percent in trade after exchanges approved their merger with Sony Pictures Networks India.

MARKET UPDATE:Sensex soared 500 points to 57,354, and the Nifty50 advanced 160 points to 17,090

MARKET UPDATE:Sensex soared 500 points to 57,354, and the Nifty50 advanced 160 points to 17,090

Friday, July 29, 2022

OPENING BELL: The Indian markets opened firmly higher today(29 July 2022) tracking strength in US markets overnight. The BSE Sensex soared 500 points to 57,354, and the NSE Nifty50 advanced 160 points to 17,090. Tata Steel, Bajaj Finserv, Power Grid, Titan, M&M, L&T, Wipro, and Nestle led gains on the Sensex, up to 2 percent higher. On the downside, Dr. Reddy's slipped the most, down 4 percent after weak Q1 results. It also pulled down other pharma majors with Sun Pharma, Cipla, and Divi's Labs sliding up to 1 percent. Read more

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760

MARKET UPDATE:Sensex rose 500 points to 56,313, and the Nifty gained 120 points to 16,760

Thursday, July 28, 2022

OPENING BELL: The Indian markets perked up today(28 July 2022), opening firmly higher after the US Fed hinted at slowing down rate hikes eventually, which lifted global stocks. The BSE Sensex rose 500 points to 56,313, and the NSE Nifty50 gained 120 points to 16,760. All Sensex stocks opened higher. Bajaj Finance led gains on the index, up over 5 percent. Bajaj Finserv moved 4 percent higher. Tata Steel, IndusInd Bank, Infosys, Wipro, Axis Bank, and Kotak Bank were the other notable winners. On the downside, Dr. Reddy's and Sun Pharma came under pressure, slipping up to 2 percent. Bharti Airtel, ITC, and Nestle were also subdued. In the broader markets, Nifty500, Nifty MidCap 50, and Nifty SmallCap 50 also sat in green, up to 0.7 percent higher. Read more

MARKET UPDATE:Sensex down 11 points to 55,257 and the Nifty around the previous close at 16,472

MARKET UPDATE:Sensex down 11 points to 55,257 and the Nifty around the previous close at 16,472

Wednesday, July 27, 2022

OPENING BELL: The Indian markets opened flat today(27 July 2022) tracking global peers that were also subdued. The BSE Sensex was down 11 points to 55,257 and the NSE Nifty50 was around the previous close at 16,472. L&T, Maruti, M&M, Power Grid, Asian Paints, TCS, and Ultratech Cement were the top Sensex winners, while Bharti Airtel, Dr. Reddy's, Titan, Kotak Bank, and HUL led losses. The broader markets also suffered losses. The BSE MidCap and SmallCap indices were up to 0.3 percent lower. Sector-wise, Nifty consumer durables slipped the most, down over 1 percent. All other pockets also turned negative soon after opening. Nifty IT was flat. Read more

MARKET UPDATE:Sensex fell 200 points to 55,560, and Nifty slipped 65 points to 16,565

MARKET UPDATE:Sensex fell 200 points to 55,560, and Nifty slipped 65 points to 16,565

Tuesday, July 26, 2022

OPENING BELL: The Indian markets had a tepid opening today(26 July 2022) amid sombre global mood as investors turn cautious ahead of the US Fed rate decision on Wednesday. The BSE Sensex fell 200 points to 55,560, and the NSE Nifty50 slipped 65 points to 16,565. Bajaj twins, Tech M, Tata Steel, ITC, and SBI were the only gainers on the Sensex, while Axis Bank, Dr. Reddy's, Asian Paints Maruti, and Infosys were the top losers. The broader markets also opened in the red. The BSE MidCap and SmallCap indices were up to 0.3 percent lower.

MARKET UPDATE:Sensex fell over 200 points to 55,890, and the Nifty slipped 42 points to 16,680

MARKET UPDATE:Sensex fell over 200 points to 55,890, and the Nifty slipped 42 points to 16,680

Monday, July 25, 2022

Opening Bell: The Indian markets started the new week today (25 July 2022) on a weak footing in line with the subdued global trends and earnings impact. The BSE Sensex fell over 200 points to 55,890, and the NSE Nifty50 slipped 42 points to 16,680. Reliance led Sensex losses, dropping 2.5 percent after brokerages cut the company's earnings estimates after its Q1 miss. Tech M, Infosys, Ultratech Cement, Kotak Bank, and TCS were the other top laggards, while ICICI Bank, Bajaj Finance, and Tata Steel were the top winners. Read more

MARKET UPDATE:Sensex rose 250 points to 55,916, and the Nifty gained 72 points to 16,677

MARKET UPDATE:Sensex rose 250 points to 55,916, and the Nifty gained 72 points to 16,677

Friday, July 22, 2022

Opening Bell: Indian markets opened higher today(22 July 2022) tracking strength in global markets. The BSE Sensex rose 250 points to 55,916, and the NSE Nifty50 gained 72 points to 16,677. Ultratech Cement, Tata Steel, Nestle, Tech M, M&M, Kotak Bank, Asian Paints, SBI, and HDFC were the top winners on the Sensex. UPL, Eicher Motors, and Adani Ports were the additional gainers on the Nifty. Infosys, IndusInd Bank, L&T, Bajaj Finance, Divis Labs, and ONGC were the top index losers. Read more

MARKET UPDATE:Sensex fell 100 points to 55,305, and the Nifty slipped 30 points to 16,490

MARKET UPDATE:Sensex fell 100 points to 55,305, and the Nifty slipped 30 points to 16,490

Thursday, July 21, 2022

The Indian equity markets opened weak today(21 July 2022) amid mixed cues from overseas. Weekly F&O expiry was also weighed. The BSE Sensex fell 100 points to 55,305, and the NSE Nifty50 slipped 30 points to 16,490. IndusInd Bank, Sun Pharma, M&M, Maruti, and Bharti Airtel were the top gainers on the Sensex, while Wipro, L&T, Kotak Bank, Infosys, TCS, and Asian Paints slipped up to 1.8 percent. The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.17 percent higher. Sectorwise, Nifty FMCG, Realty, Metal, and Auto held gains. While IT index suffered the most losses as Wipro dragged other peers. Read more

MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points

MARKET UPDATE: Markets are likely to open on a positive ground;SGX Nifty Futures quoted 16,115 levels, up around 50 points

Wednesday, July 13, 2022

Indian markets are likely to open on a positive ground despite mixed global cues today(13 July 2022). As of 7:40 AM, SGX Nifty Futures quoted 16,115 levels, up 50-odd points on the Nifty50. today(13 July 2022), investors will closely monitor the US inflation data for June. Back home, HCL Technologies will be on investors' radar after the IT major saw a rise in net profit by 2.4 percent year-on-year (YoY) to Rs 3,283 crore. Globally, the US markets closed lower on Tuesday on recession fears. While Dow Jones slipped 0.6 percent, both the S&P 500 and NASDAQ Composite declined 0.9 percent each. However, major markets in Asia-Pacific traded higher on Wednesday morning. Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng index rose 0.3 percent each. Meanwhile, prices of crude oil tumbled below $100 per barrel on a stronger dollar and weak demand outlook. On Wednesday, Brent Crude hovered at $99 per barrel and WTI Crude was at $95 per barrel.

MARKET UPDATE: Sensex quoted at 54,084, down 311 points, while Nifty hovered around 16,108, down 108 points

MARKET UPDATE: Sensex quoted at 54,084, down 311 points, while Nifty hovered around 16,108, down 108 points

Tuesday, July 12, 2022

Indian benchmark indices started on a subdued note today (12 July 2022), following weakness in Asian markets. The 30-pack S&P BSE Sensex quoted at 54,084, down 311 points or 0.57 percent, in early deals while the Nifty50 hovered around 16,108, down 108 points or 0.67 percent. Tata Steel, HCL Tech, Dr. Reddy's Labs, Titan, Bajaj Finserv, and M&M were the major losers in the large-cap space, falling up to 2 percent in morning trade. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.5 percent each. Individually, shares of Spandana Sphoorty fell 5 percent after the company's consolidated net profit dropped 42 percent to Rs 28.6 crore in the March quarter (Q4FY22) after one-time settlement fees and transition expenses.

MARKET UPDATE: Sensex fell 300 points to 54,177, while Nifty slipped 82 points to 16,138

MARKET UPDATE: Sensex fell 300 points to 54,177, while Nifty slipped 82 points to 16,138

Monday, July 11, 2022

The Indian markets opened weak today(11 July 2022) tracking subdued global sentiment. To add to the pressure, IT giant TCS fell 3 percent as investors reacted to the company's soft Q1FY23 earnings. The BSE Sensex fell 300 points to 54,177, and the NSE Nifty50 slipped 82 points to 16,138. On the Sensex, all other IT companies also suffered losses with Infosys, HCL Tech, Wipro, and Tech M falling 1-2 percent. Bharti Airtel was the top loser, dipping 4 percent after the Adani group announced its plan to participate in the 5G spectrum auction to create the group’s own private networks and support its businesses. Read more

IT stocks likely to remain under pressure amid global headwinds

IT stocks likely to remain under pressure amid global headwinds

Sunday, July 10, 2022

Information technology stocks are likely to remain under pressure in the near term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts. While the country's largest software exporter TCS reported a 5.2 percent rise in June quarter net profit on Friday, kicking off the latest earnings cycle, IT shares have been sliding, with the BSE Information Technology index tumbling nearly 24 percent so far this year. Cross-currency headwinds and large-scale talent churn resulting in higher wage hikes could also add to the challenges, especially in terms of the impact on operating margins, analysts opined. Read more

MARKET UPDATE: Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222

MARKET UPDATE: Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222

Friday, July 8, 2022

Indian equity markets started today's(8 July 2022) session firmly higher tracking strength in Asian and the US markets. The BSE Sensex rose 300 points to 54,527, and the NSE Nifty50 gained 90 points to 16,222. M&M, L&T, ICICI Bank, NTPC, Infosys, Axis Bank, Kotak Bank, ITC, HCL Tech, and Tech M were the top winners on the Sensex. Coal India, Grasim, and Britannia were the additional top gainers on Nifty. On the downside, Asian Paints, Titan, Tata Steel, JSW Steel, Dr Reddy's, Bajaj Finance, IndusInd Bank, Hindalco, and ONGC were the top losers across the two benchmarks. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.3 per cent higher. Sector-wise Nifty Bank, Auto, Financials led sectoral gains. Nifty metals were the sole laggard among sectors. Among stocks, Suven Pharmaceuticals rose 2.6 per cent. The company has received US FDA approval for Glycopyrrolate. Glycopyrrolate is used to treat peptic ulcers in adults.

MARKET UPDATE: Sensex rose 450 points to 54,200, and Nifty advanced 150 points to 16,140

MARKET UPDATE: Sensex rose 450 points to 54,200, and Nifty advanced 150 points to 16,140

Thursday, July 7, 2022

The Indian markets opened gap-up today(7 July 2022), tracking positive cues from overseas amid a sharp fall in crude and strongly extended their previous session's gains. The BSE Sensex rose 450 points to 54,200, and the NSE Nifty50 advanced 150 points to 16,140. Titan, Asian Paints, M&M, Kotak Bank, Power Grid, ICICI Bank, and IndusInd Bank led the upmove on the Sensex, while Bharti Airtel was the sole index loser, down 0.5 percent. The broader markets also opened firmly higher. The BSE MidCap and SmallCap indices gained up to 0.8 percent.

MARKET UPDATE: Sensex rose 250 points to 53,400, and Nifty advanced 55 points to 15,865

MARKET UPDATE: Sensex rose 250 points to 53,400, and Nifty advanced 55 points to 15,865

Wednesday, July 6, 2022

The Indian equity markets opened with nominal gains today(6 July 2022) tracking subdued trade in other Asian markets. The BSE Sensex rose 250 points to 53,400, and the NSE Nifty50 advanced 55 points to 15,865. Asian Paints, L&T, Axis Bank, Bajaj twins, Kotak Bank, Maruti, Tech M, HUL, Ultratech Cement, and IndusInd Bank led gains on the Sensex, while Tata Steel, Nestle PowerGrid, NTPC, and ITC were the sole losers. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.4 percent higher.

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark

Tuesday, July 5, 2022

The Indian key benchmark indices extended gains for the second straight day as investors bought beaten-down shares in hopes of a relief rally. The BSE Sensex surged 600 points to 53,830. The NSE Nifty was seen back above the 16,000-mark after almost a month. In the broader markets, the BSE Midcap gained 0.8 percent while the SmallCap index jumped 1.2 percent. The overall breadth too was pretty optimistic with nearly three advancing stocks for every declining share. Among stocks, Marksans Pharma surged over 11 percent after the company said it would consider a share buyback. MMTC also soared 7 percent. The company has completed the sale of Neelachal Ispat Nigam to Tata Steel Long.

MARKET UPDATE: Indian equity markets are likely to start trade on a flattish note

MARKET UPDATE: Indian equity markets are likely to start trade on a flattish note

Monday, July 4, 2022

The Indian equity markets are likely to start trade today (4 July 2022) on a flattish note. As of 8:00 AM, the SGX Nifty Futures quoted 15,729 levels, indicating a cut of 23-odd points on the Nifty50. However, globally, the US markets closed in positive territory on Friday. Dow Jones advanced 1.05 percent, while the S&P 500 rose 1.06 percent, and NASDAQ Composite was up 0.9 percent. Asia-Pacific markets, too, imitated the positive cues from the US markets and edged higher on Monday morning. Japan's Nikkei 225 rose 1.09 percent and South Korea's Kospi was up 0.2 percent. Back home, macro data and corporate earnings season will steer the markets this week. That apart, among individual stocks, HDFC and HDFC Bank will be in focus after both stock exchanges approved their proposed merger.

MARKET UPDATE: Indian equity markets are likely to open lower

MARKET UPDATE: Indian equity markets are likely to open lower

Friday, July 1, 2022

The Indian equity markets are likely to open lower in trade today(1 July 2022) amid unfavourable global sentiments. As of 7:50 AM, the SGX Nifty Futures quoted 15,722 levels, signaling a cut of 50-odd points on the Nifty50. The US markets continued to be under selling pressure yesterday. Fed's tough talks coupled with recession fears eroded investor sentiment and bogged down the S&P 500 to the path of the worst first half of the year since 1970. Both Dow Jones and the S&P 500 shed 0.8 percent each, whereas, NASDAQ Composite lost 1.3 percent. Read more

CLOSING BELL: Sensex fell 642 points from the day's high and ended at 54,289, down 38 points and Nifty closed at 16,215, down 51.5 points

CLOSING BELL: Sensex fell 642 points from the day's high and ended at 54,289, down 38 points and Nifty closed at 16,215, down 51.5 points

Monday, May 23, 2022

Indian Equity markets turned sharply lower at the fag-end of the session, erasing gains and ending flat with a negative bias on Monday amid selling in index heavyweights like Tata Steel, HDFC twins, Reliance Industries, and ITC. The BSE Sensex index, which hit a high of 54,931 on the BSE, fell 642 points from the day's high and ended at 54,289, down 38 points or 0.07 percent. The NSE Nifty50, on the other hand, closed at 16,215, down 51.5 points or 0.3 percent. The index hit a high of 16,415 earlier today. Read more

CLOSING BELL:Sensex at 55,702, up 33 points while Nifty closed at 16,683, up 5 points

CLOSING BELL:Sensex at 55,702, up 33 points while Nifty closed at 16,683, up 5 points

Thursday, May 5, 2022

Indian equity indices pared their gains at the fag-end of the session and ended flat as US index futures indicated a subdued start on Wall Street later today. The S&P BSE Sensex declined 865 points from the day's high to end at 55,702, up 33 points or 0.06 percent on the BSE. The NSE Nifty50, meanwhile, shut shop at 16,683, up 5 points or 0.03 percent, after hitting a high of 16,946 earlier today. Tech M, Hero MotoCorp, Infosys, HCL Technologies, Wipro, and Tata Steel were the top Nifty gainers, rising 2-4 percent on the NSE. IndusInd Bank, Tata Consumer Products, Britannia Industries, Nestle India, Ultratech Cement, Sun Pharma, Eicher Motors, and RIL were the top laggards, down in the equivalent range. Read more

Markets and war: Will Sharp recovery follow a steep fall?

Markets and war: Will Sharp recovery follow a steep fall?

Monday, February 28, 2022

For the global equity markets, it was a very tough time over the past few weeks as they have battled several headwinds, including the recent geopolitical conflict between Russia and Ukraine that has also triggered a sharp rise in commodity prices. Market experts say the market fall was a knee-jerk reaction to the Russia – Ukraine conflict and are likely to witness a choppy phase before discounting this development and staging a sharp rebound. Over time, equity markets have generally overreacted near the geopolitical risks. Read more

Volatility in market likely to continue next week; investors to be cautious

Volatility in market likely to continue next week; investors to be cautious

Saturday, January 22, 2022

The market in India snapped its four-week winning run as benchmark indices fell about three-and-a-half percent amid rising geopolitical tensions and fear of earlier-than-expected interest rate hikes. Foreign institutional investors turned bearish again, withdrawing money from equities and moving debt. Selling was seen across sectors with IT, pharma, and some banking names leading the loss chart. According to many analysts, this volatility in the market will likely continue for a while and advised the investors to be cautious. “Along with global disturbances, the uncertainties regarding the upcoming budget will likely keep the Indian market highly volatile in the coming days,'' said an expert. Global equity markets were also volatile on the back of expectations of faster interest rate hikes by the US Federal Reserve, rise in US bond yields, higher crude oil prices, and concerns over rising inflation. Read more

MARKET UPDATE:Sensex opened at 57,853.5 level,down 47.5 points while the Nifty at 17,221 levels, down 27 points

MARKET UPDATE:Sensex opened at 57,853.5 level,down 47.5 points while the Nifty at 17,221 levels, down 27 points

Friday, December 17, 2021

Indian equities started off on a cautious note today(17th Dec.2021) amid the acceleration of bond-buying programmes by various central banks to fight off inflation and suck excess liquidity out of the system. After the US Fed, the European Central Bank, and the Bank of Japan have decided to hasten the asset purchase programmes. That apart, the Bank of England became the first global central bank on Thursday to raise the interest rate by 25 basis points. Against this backdrop, the S&P BSE or 0.08 percent. It's NSE counterpart Nifty50, too, quoted at 17,221 levels, down 27 points in early deals. In the broader markets, the BSE MidCap and SmallCap indices dipped 0.33 percent and 0.1 percent, respectively. Read more

MARKET UPDATE:Sensex rose 482.5 points to quote at 58,270.5 levels while the Nifty climbed 142 points to trade at 17,362

MARKET UPDATE:Sensex rose 482.5 points to quote at 58,270.5 levels while the Nifty climbed 142 points to trade at 17,362

Thursday, December 16, 2021

Indian stocks in tune with Asian stocks followed Wall Street higher today(16th Dec.2021) after the US Federal Reserve said it would end bond-buying stimulus in March to set up three interest rate increases next year to tackle heated inflation. The S&P BSE Sensex rose 482.5 points, or 0.83 percent, to quote at 58,270.5 levels in early trade. The NSE Nifty, too, climbed 142 points to trade at 17,362. The broader indices on the BSE rose in tandem as well and added up to 0.88 percent. The Federal Open Market Committee (FOMC) laid out a scenario in which the Covid-19 pandemic, despite the emergence of the Omicron variant, gives way to a benign set of economic conditions, with inflation easing largely on its own, interest rates increasing comparatively slowly, and the unemployment rate staying low in coming years. Read more

MARKET UPDATE:Sensex declined 383 points to 57,900 levels while the Nifty gave up 17,300-mark and was down 97 points

MARKET UPDATE:Sensex declined 383 points to 57,900 levels while the Nifty gave up 17,300-mark and was down 97 points

Tuesday, December 14, 2021

The BSE Sensex declined 383 points, or 0.66 percent, to 57,900 levels in early deals, dragged by Bajaj Finance, HDFC, IndusInd Bank, Infosys, and Kotak Bank in today's (14th Dec.2021) early deals in the background of WHO's grim statement on the 'Omicron' coronavirus variant, coupled with a downward revision of growth forecast by the Asian Development Bank (ADB). The NSE Nifty, on the other hand, gave up 17,300-mark and was down 97 points. In the broader markets, the BSE MidCap and SmallCap indices dipped up to 0.5 percent. Among individual stocks, shares of Shriram Transport Finance dropped over 3 percent after the Group announced a restructuring plan. As part of the plan, the Shriram Group, Shriram Capital, and Shriram City Union Finance will merge with Shriram Transport Finance Company. Those of Greenlam, on the contrary, were up 6 percent as the company plans to invest Rs 950 crore in 2-3 years as part of its Capex plan. Read more

MARKET UPDATE:Sensex zoomed 326 points to quote at 59,113 levels while the Nifty rallied above 17,600-mark, up 100 points

MARKET UPDATE:Sensex zoomed 326 points to quote at 59,113 levels while the Nifty rallied above 17,600-mark, up 100 points

Monday, December 13, 2021

On Dalal street Bulls reigned in early deals this Monday (13th December 2021), mainly due to firm global equities and bargain buying in metal and PSU bank stocks. The S&P BSE Sensex zoomed 326 points, or 0.52 percent, to quote at 59,113 levels. The Nifty50, meanwhile, rallied above the 17,600-mark, up 100 points. This was Nifty's highest level since November 21. Barring Bajaj Finance, all other Sensex stocks were trading with a bullish bias. Power Grid (up 3 percent), Axis Bank, NTPC, ICICI Bank, Sun Pharma, and Asian Paints were the outperforming stocks on the index. In the broader markets, the BSE MidCap and SmallCap indices added 0.66 percent and 0.94 percent, respectively. Individually, shares of PB Fintech (Policybazaar) were down 2 percent as its anchor lock-in period ended today. Read more

MARKET UPDATE:Sensex opened 197 points lower at 58,610 levels while the Nifty at 17,480, down 36 points

MARKET UPDATE:Sensex opened 197 points lower at 58,610 levels while the Nifty at 17,480, down 36 points

Friday, December 10, 2021

Indian equities began on a quiet note today(10th December 2021) as investors await inflation data in India and the US. The S&P BSE Sensex opened 197 points, or 0.33 percent, lower at 58,610 levels. The Nifty50, meanwhile, was at 17,480, down 36 points. ITC, up 1.5 percent, extended Thursday's gains and was the top performer on the Sensex. Asian Paints, M&M, IndusInd Bank, Bajaj Auto, and Sun Pharma were also among the outperforming counters on the 30-pack index. On the downside, Titan, Axis Bank, HCL Tech, Tech M, and Bajaj Finance, and RIL were limiting the upside. The broader MidCap and SmallCap indices on the BSE, on the contrary, gained 0.11 percent and 0.27 percent, respectively. Among the lot, Go Fashion was up 3.6 percent after SBI Mutual Fund acquired 1.5 million equity shares in the company via the bulk deal. Sectorally, pharma, and realty stocks were supporting the markets while financials and IT were capping the gains.

MARKET UPDATE:Sensex jumped 224 points, at 58,874 levels while the Nifty added 60 points, to 17,530-mark

MARKET UPDATE:Sensex jumped 224 points, at 58,874 levels while the Nifty added 60 points, to 17,530-mark

Thursday, December 9, 2021

Market bulls roared on Dalal Street for the third straight day today(9th December 2021) amid across-the-board buying. Besides, a firm global set-up amid encouraging news flow around the efficacy of Pfizer's vaccine against the Omicron variant boosted investor confidence. The S&P BSE Sensex jumped 224 points, or 0.4 percent, at 58,874 levels in early deals. The Nifty50, too, added 60 points, or 0.4 percent, to 17,530-mark. BPCL, M&M, Ultratech cement, L&T, Infosys, RIL, and ICICI Bank were the outperforming large-caps on the 50-pack index. Read more

Has Markets over-reacted to Omicron Covid variant?

Has Markets over-reacted to Omicron Covid variant?

Monday, November 29, 2021

Global equity markets, including India, have seen a sharp sell-off over the past few sessions as the Omicron Covid variant reignited concerns of sporadic lockdowns and limit movement of goods and people across key economies. Analysts, however, believe that the markets have overreacted to the development, and a market falls from here on, if any, should be used to add to positions from a medium-to-long-term perspective. The omicron variant was labeled a ‘variant of concern’ by the World Health Organization (WHO) last Friday that sent global equity markets into a tailspin. As a result, the BSE Sensex and Nifty tanked nearly 3 percent each in a broad-based sell-off. Read more

MARKET UPDATE:Sensex at 58,711, up 47 points while Nifty added 30 points to hold 17,550-mark

MARKET UPDATE:Sensex at 58,711, up 47 points while Nifty added 30 points to hold 17,550-mark

Wednesday, November 24, 2021

Indian equities started higher today(24 Nov.2021), supported by firm global cues and buying in heavyweights such as Bharti Airtel, SBI, Axis Bank, and TCS. The benchmark S&P BSE Sensex advanced 47 points, or 0.08 percent, to quote at 58,711 in opening deals. The NSE Nifty50, on the other hand, added 30 points to hold the 17,550-mark. Among key movers in early trades, Bharti Airtel's shares moved up by 0.5 percent after Moody's Investors Service revised the company's and its subsidiary Bharti Airtel Int'l (Netherlands) BV's rating outlook to positive from stable. In the broader markets, the BSE SmallCap index is outperforming both, large-cap and mid-cap, indices. The index is up over 1 percent. Sectorally, select IT and auto stocks, including Coforge, Infosys, Tech M, Maruti Suzuki, Hero MotoCorp, and M&M, are trading with a negative bias. Meanwhile, the volatility index, India VIX, eased about 5 percent.

MARKET UPDATE:Sensex at 58,370, down just 95 points while Nifty reclaimed the 17,400-mark after the early morning debacle

MARKET UPDATE:Sensex at 58,370, down just 95 points while Nifty reclaimed the 17,400-mark after the early morning debacle

Tuesday, November 23, 2021

The benchmark indices staged a recovery after the early morning debacle as the bulls are trying to wrestle their way back on Dalal Street today (23rd Nov.2021). After the early morning debacle, where the BSE Sensex hit a low of 57,718, the 30-share index was at 58,370, down just 95 points on the BSE at 10:05 AM. The NSE Nifty, meanwhile, reclaimed the 17,400-mark, down only 6 points. All the sectoral indices recouped their losses and were trading higher on the NSE, barring the Nifty IT index (down 0.7 percent). The Nifty Metal pack was leading the recovery, up 2.5 percent, followed by the Nifty PSU Bank and Realty indices, up 1.7 percent each. Among individual stocks, Vedanta surged nearly 8 percent to a high of Rs 354 in early deals on the BSE on Tuesday after nearly 7 percent of the total equity of the metal company changed hands via multiple block deals. Read more

MARKET UPDATE:Sensex tumbled 495 points to hit a low of 59,125 while Nifty gave up 17,700-mark, down 87 points

MARKET UPDATE:Sensex tumbled 495 points to hit a low of 59,125 while Nifty gave up 17,700-mark, down 87 points

Monday, November 22, 2021

Indian equity markets started the week on a negative note amid an across-the-board selloff. The frontline S&P BSE Sensex fell 259 points, or 0.43 percent, to quote at 59,377 levels in opening deals. The index extended its decline further and tumbled 495 points to hit a low of 59,125. The Nifty50, on the other hand, gave up 17,700-mark, down 87 points. Shares of RIL dropped 4 percent after the company, late on Friday, called off the deal with the global oil giant Saudi Aramco for a 20 percent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of the former company. On the upside, Bharti Airtel shares advanced 5 percent after the telecom major revised tariff on prepaid talk-time plans earlier today by 20-25 percent and data top-up plans by 20-21 percent. Read more

Sensex up 362 points at 60,281.5 levels and Nifty at 17,973-mark, up 100 points

Sensex up 362 points at 60,281.5 levels and Nifty at 17,973-mark, up 100 points

Friday, November 12, 2021

Equity markets clocked a gap-up start on the bourses today(12th Nov.2021) amid across-the-board buying. Besides, firm Asian cues also supported the sentiment on the Street. The S&P BSE Sensex was up 362 points, or 0.6 percent, in early deals at 60,281.5 levels while the Nifty50 quoted at 17,973-mark, up 100 points. Among individual stocks, Tata Steel added around 2 percent after the Tata Group company reported an 8-fold jump in consolidated net profit at Rs 11,918 crore in the September quarter. Sun Pharma, Kotak Bank, Nestle India, Tech M, Infosys, and HDFC were the other top gainers on the Sensex. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices added up to 0.65 percent. Read more

MARKET UPDATE:Sensex drops 100 points, Nifty at 17,875

MARKET UPDATE:Sensex drops 100 points, Nifty at 17,875

Monday, October 11, 2021

The renewed strength in the equity market, which got a boost from the Reserve Bank of India (RBI) persisting with its accommodative monetary policy on Friday,8th October, could push the Nifty past the 18,000-mark in the days ahead. While investors will shift focus to September quarter earnings season starting this week, analysts warn that disappointments could take the wind out of their sails as stronger profits are seen as imperative to justify elevated share valuations. On 8th October (Friday), the Sensex reclaimed the 60,000 and the Nifty ended 0.6% shy of 18,000,though the market gave up a portion of early gains sparked by the Indian central bank's continued monetary support. Both indices had gained 2% last week, shrugging off global concerns over the likelihood of persistent high inflation, which is putting upward pressure on US bond yields.

MARKET UPDATE:Sensex down 394 points at 58,732 and Nifty down 110 points at 17,508

MARKET UPDATE:Sensex down 394 points at 58,732 and Nifty down 110 points at 17,508

Friday, October 1, 2021

The Indian benchmark indices opened lower today(1st October 2021) tracking weak global cues. The Sensex was down 394 points at 58,732. The Nifty, meanwhile, was down 110 points at 17,508. The broader indices were trading mixed with the Nifty Midcap 50 falling 0.3 percent, and the Nifty Smallcap 100 up 0.1 percent. The risk-off in equity markets has gathered momentum with sharp cuts in the US market. The Dow and S&P500 are now more than 5% off from their record highs. Markets, globally, have turned weak. In India too there are indications of a correction. The leader of this rally, IT, is showing signs of exhaustion. Read more

MARKET UPDATE:BSE Sensex traded 40 points lower at 58,964 levels while Nifty tested 17,550-mark, up 2 ponits

MARKET UPDATE:BSE Sensex traded 40 points lower at 58,964 levels while Nifty tested 17,550-mark, up 2 ponits

Wednesday, September 22, 2021

Indian equity markets were volatile in early trade today(22nd Sept.2021) as investors assessed the impact of the Evergrande crisis on India, and ahead of the US Federal Reserve's monetary policy outcome. The 30-share BSE Sensex traded 40 points lower at 58,964 levels while the NSE Nifty50 tested 17,550-mark, up 2 points. HCL Tech, BPCL, Hindalco, IndusInd Bank, and Tata Motors were the top gainers on the benchmark indices. In the broader market, the BSE MidCap and SmallCap indices added 0.91 percent and 0.80 percent, respectively. Globally, the Shanghai Composite fell 0.26 percent amid the ongoing Evergrande crisis. Elsewhere in Asia, the Nikkei 225 in Japan was down 0.5 percent and Australia's S&P/ASX 200 edged 0.83 percent higher.

MARKET UPDATE:BSE Sensex rose 117 points at 58,360-level while NSE Nifty nearing the 17,450 mark,up 45 points

MARKET UPDATE:BSE Sensex rose 117 points at 58,360-level while NSE Nifty nearing the 17,450 mark,up 45 points

Wednesday, September 15, 2021

The Indian benchmark indices extended gains (today) after a beginning on a cautious note with the 50-pack Nifty nearing the 17,450 marks as it traded 45 points higher. Meanwhile, BSE Sensex rose 117 points at 58,360-level. Titan, NTPC, Airtel, and M&M were the top-performing stocks in the Sensex kitty of stocks, up between 1-3 percent. Axis Bank, TechM, HDFC Bank, and HCL Tech, on the other hand, were the worst laggards. The broader market outperformance showed no signs of abating. The BSE Midcap and Smallcap indices were up nearly 0.4 percent each. Sectorally, Nifty Private Bank, Nifty Bank, and Nifty Financial Services were the only losers. Media pack once again was the best performer, up 2 percent. Other top gainers included realty, FMCG, and auto. Read more

MARKET UPDATE:BSE Sensex rose 294 points to touch 56,086.50 and Nifty hit 16,692-mark, up over 70 points

MARKET UPDATE:BSE Sensex rose 294 points to touch 56,086.50 and Nifty hit 16,692-mark, up over 70 points

Wednesday, August 18, 2021

Today (18th August 2021) the S&P BSE Sensex index rose as much as 294 points to touch 56,086.50 in the first few minutes of trade, and the broader NSE Nifty50 benchmark climbed to as high as 16,691.95, up 77 points from its previous close. HDFC Bank, Ultratech Cement, HDFC, Asian Paints, and Nestle India lifted the headline indices to new highs on Wednesday. The BSE Sensex index scaled a new all-time high of 56,086.5, up 250 points or 0.5 percent. The Nifty50, on the other hand, hit the 16,692-mark, up over 70 points or 0.4 percent. In the broader markets, both, the BSE MidCap and SmallCap indices were up 0.3 percent each.

MARKET UPDATE: Volatile markets;Sensex was trading at 54,452 levels, up 174 points and Nifty was quoting at 16,285 levels, up 47 points

MARKET UPDATE: Volatile markets;Sensex was trading at 54,452 levels, up 174 points and Nifty was quoting at 16,285 levels, up 47 points

Monday, August 9, 2021

Indian equity markets were volatile today(9th August 2021) amid mixed global trends. The frontline S&P BSE Sensex was trading at 54,452 levels, up 174 points or 0.32 percent, in early deals while the Nifty50 was quoting at 16,285 levels, up 47 points. Tech M, HCL Tech, UltraTech Cement, Infosys, SBI, and IndusInd Bank were the top gainers. In the broader markets, the BSE MidCap index slipped 0.12 percent while the BSE SmallCap index added 0.3 percent. In the commodities market, gold slumped to the lowest since March as the prospect of higher rates makes bullion less attractive relative to other assets. Silver dropped to its lowest since November and crude oil extended last week's decline on concern the delta virus strain will hamper demand growth. Read more

Attractive equity markets and volatile gold prices deterrents for investment in the yellow metal

Attractive equity markets and volatile gold prices deterrents for investment in the yellow metal

Thursday, July 29, 2021

Attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021, suggests the latest report from World Gold Council (WGC). That said, the upcoming festival season, including Dhanteras and the wedding season in the October – December quarter of 2021, WGC believes, may see an uptick in demand for the yellow metal. “Consumer investment in gold increased in the second quarter of 2021, but some investors were less bullish. Outlook for the second half of 2021 is yet uncertain, as consumer confidence and business response are subject to the impact of a looming threat of the third wave of Covid and the pace of economic recovery,” said the WGC report. But attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021. Read more

MARKET UPDATE: Sensex slipped 85 points at 52,752 levels and Nifty tested 15,750-mark, down 49 points

MARKET UPDATE: Sensex slipped 85 points at 52,752 levels and Nifty tested 15,750-mark, down 49 points

Friday, July 23, 2021

Indian equity markets erased gains and traded 0.3 percent lower in morning deals today(23rd July 2021). After a positive start, the S&P BSE Sensex slipped 85 points at 52,752 levels while the broader Nifty50 tested 15,750-mark, down 49 points. The broader markets, meanwhile, were mixed. Sectorally, all except the Nifty IT and Pharma indices were in the red, led by the Nifty Realty and Bank indices, down 0.5 percent and 0.3 percent, respectively. Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank, and Federal Bank will report their quarterly numbers today. Analysts expect improvement in RIL's energy margins on the back of a pickup in global demand to support the consolidated performance of Reliance Industries in the first quarter. However, the gains are also expected to be offset by the challenges in the retail and petrochemicals businesses, and a flattish show in telecom.

MARKET UPDATE: Sensex quoted at 52,351 levels, down 202 points and Nifty at 15,715, down 37 points

MARKET UPDATE: Sensex quoted at 52,351 levels, down 202 points and Nifty at 15,715, down 37 points

Tuesday, July 20, 2021

Indian equity markets opened lower for the second straight day today(20th July 2021) as investors turned pessimists over the rising Delta variant of Covid-19 cases globally, fear of possible lockdown, and the impact of rising inflation on economic recovery. The S&P BSE Sensex quoted at 52,351 levels in early deals, down 202 points while the Nifty was at 15,715, down 37 points. In the broader markets, the BSE MidCap and SmallCap indices were mixed. In global markets, equities fell in Japan, Australia, and South Korea on Tuesday but the drops were orderly. Japan’s Topix index fell 1%, Australia’s S&P/ASX 200 index fell 0.9% and South Korea’s Kospi index fell lost 0.4%. S&P 500 and Nasdaq futures, meanwhile, gained 0.4% each. Thirty-three companies, including Asian Paints, Bajaj Finance, Crisil, and Network 18 are slated to post their June quarter results today.

MARKET UPDATE: Sensex traded at 53,215 levels, up 56 points and Nifty at 15,949 levels, up 25 points

MARKET UPDATE: Sensex traded at 53,215 levels, up 56 points and Nifty at 15,949 levels, up 25 points

Friday, July 16, 2021

Indian equity markets sustained their uptrend today(16th July 2021) despite the weak global trends and the benchmark indices hitting a new record high in intra-day deals. The S&P BSE Sensex traded at 53,215 levels, up 56 points or 0.11 percent while the Nifty50 was at 15,949 levels, up 25 points. In the intra-day trade, the indices touched new lifetime highs of 53,291 and15,962.25, respectively. The BSE MidCap and SmallCap indices advanced 0.11 percent and 0.38 percent in the broader market, respectively. Read more

MARKET UPDATE:Sensex up 330 points at 51,440 levels and the Nifty testing the 15,450-mark

MARKET UPDATE:Sensex up 330 points at 51,440 levels and the Nifty testing the 15,450-mark

Friday, May 28, 2021

The markets in India made a firm start to the June F&O series, with the benchmark indices trading over half a percent higher in morning deals today(28th May 2021) and the Nifty50 index scaling a fresh lifetime high. The S&P BSE Sensex traded 330 points, or 0.65 percent, higher at 51,440 levels and the Nifty50 index was testing the 15,450-mark after earlier surpassing the earlier record high of 15,431.75. ONGC, HDFC, HDFC Bank, and Reliance Industries rose 1 percent, each, and were the top Sensex gainers. In the broader markets, the S&P BSE MidCap and SmallCap indexes traded 0.27 percent and 0.44 percent higher, respectively. Ninty-six companies, including Mahindra & Mahindra, Glenmark Pharmaceuticals, Indian Bank, Ipca Laboratories, Aditya Birla Fashion and Retail, Dilip Buildcon, and Nazara Technologies, are scheduled to release quarterly earnings today.

More than half of BSE 500 stocks trade below their all-time highs

More than half of BSE 500 stocks trade below their all-time highs

Wednesday, May 19, 2021

Two hundred and sixty-three stocks or more than half of stocks that comprise the BSE 500 are trading at least 10 percent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade today(19th May 2021), surpassing its previous high of 20,390 touched on March 12, 2021. The index, which accounts for 93 percent market capitalisation of BSE listed companies, has gained 8 percent from its recent low of 18,983 touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 percent during the same period but is still nearly 4.5 percent away from its all-time high level of 52,517 hits on February 16. Analysts ascribe the underperformance of bulk of BSE 500 stocks to a classic case of polarisation, where investors are lapping up stocks of sectors that are likely to do well going ahead. Read more

MARKET UPDATE:Volatile market;Sensex fell 100 points and hovered around 50,000 levels;Nifty slid below 15,100-mark

MARKET UPDATE:Volatile market;Sensex fell 100 points and hovered around 50,000 levels;Nifty slid below 15,100-mark

Wednesday, May 19, 2021

The benchmark indices in India traded with a slight cut in early deals today(19th May 2021) amid weak global cues. The S&P BSE Sensex fell 100 points and hovered around 50,000 levels. The broader Nifty50 index, meanwhile, slid below the 15,100-mark. Mahindra & Mahindra, Kotak Mahindra Bank, IndusInd Bank, and ONGC were all down over 1 percent. Among other individual stocks, Tata Motors slid over 5 percent after announcing its March quarter results. The trend among Nifty sectoral indices was mixed, with gains in the Nifty Pharma index being offset by losses in the Nifty Auto index. Meanwhile, the broader indices outran their benchmark peers, with both the S&P BSE MidCap and SmallCap indices ruling over half a percent higher. Twenty-five companies, including Indian Oil Corporation, Indiabulls Housing Finance, JK Tyre & Industries, and SML Isuzu are scheduled to release quarterly earnings today.

Sensex soared 613 pts; Nifty at 15,108 levels; MidCap index hits record peak

Sensex soared 613 pts; Nifty at 15,108 levels; MidCap index hits record peak

Tuesday, May 18, 2021

As the daily Covid-19 cases reported become less than three lakh for the second straight day, domestic indices advanced over 1 percent today(18th May 2021). Automobile and consumer discretionary stocks caught investors' fancy as they hoped that restrictions/curbs would ease once cases decline further. Supporting the sentiment were news flows around the vaccination front that more and more pharma companies are tying up for vaccine manufacturing. Visibility on economic recovery has largely continued even during the lockdown and now, with restrictions likely to ease, consumer demand is expected to make a come-back, believe analysts. Given this, the benchmark S&P BSE Sensex soared 613 points, or 1.24 percent, to end the day at 50,193 levels. On the NSE, the Nifty50 index reclaimed the 15,000-mark for the first time since March 12 on a closing basis, and shut shop at 15,108 levels, up 185 points or 1.24 percent. Read more

MARKET UPDATE:Sensex hovered around 48,760 levels Nifty topped the 14,700-mark

MARKET UPDATE:Sensex hovered around 48,760 levels Nifty topped the 14,700-mark

Friday, May 14, 2021

The benchmark indices in India fluctuated between gains and losses in early deals today(14th May 2021). The S&P BSE Sensex hovered around 48,760 levels, and the broader Nifty50 index topped the 14,700-mark. Asian Paints rose 4 percent and were the top Sensex gainer, followed by Titan, SBI, and ITC gained 1 percent, each. On the other hand, TCS, Mahindra & Mahindra, and Tech Mahindra fell 1 percent, each. All the Nifty sectoral indices, except the Nifty IT index, traded with gains, led by the Nifty PSU Bank index, up 2 percent. Forty-one companies, including the likes of Larsen & Toubro, Dr. Reddy's Laboratories, Cipla, Aditya Birla Capital, Just Dial, and Mindspace Business Parks REIT are scheduled to release their quarterly results today. Read more

MARKET UPDATE:Sensex dipped 350 points to 48,820 and Nifty hovered around 14,800-level

MARKET UPDATE:Sensex dipped 350 points to 48,820 and Nifty hovered around 14,800-level

Wednesday, May 12, 2021

The Indian markets fell over half a percent in early trade today (12th May 2021), tracking similar cues from other Asian markets. The S&P BSE Sensex dipped 350 points, or 0.7 percent, to 48,820 and the broader Nifty50 hovered around 14,800-level. HDFC, Mahindra & Mahindra, Hindustan Unilever, and HDFC Bank fell over 1 percent, each. The Nifty sectoral indexes were mixed, with the Nifty Financial Services index, down 0.7 percent, bleeding the most. The broader markets, meanwhile, continued to outrun their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.1 percent and 0.4 percent higher, respectively. Thirty-six companies, including Asian Paints, Lupin, UPL, Apollo Tyres, Tata Power, and Pidilite Industries are scheduled to release quarterly earnings today.

Markets in a vulnerable zone: Analysts

Markets in a vulnerable zone: Analysts

Tuesday, May 11, 2021

The equity market in India is in a ‘vulnerable zone’ and is likely to remain very volatile, impacted by the sharp rise in Covid cases since the past few weeks that have seen many state governments impose lockdowns and mobility restrictions to check the rampant spread, said analysts. They, however, have ruled out a deep correction for now. From a medium-to-long term perspective, however, most analysts remain bullish about the markets but do caution against the possible earnings downgrades given the sporadic lockdowns and expensive valuation. While lockdowns can weigh on growth expectations in the near term, acceleration of vaccine drives and the overall direction of active cases will still act as the key catalyst for the market. Read more

MARKET UPDATE:Sensex fell 360 points to 49,140 levels and Nifty gave up the 14,850-mark

MARKET UPDATE:Sensex fell 360 points to 49,140 levels and Nifty gave up the 14,850-mark

Tuesday, May 11, 2021

The benchmark indices in India fell close to 1 percent in morning deals today (11th May 2021), tracking weak global cues amid inflation fears. The S&P BSE Sensex fell 360 points, or 0.74 percent, to 49,140 levels and the broader Nifty50 index gave up the 14,850-mark. HDFC, Kotak Mahindra Bank, IndusInd Bank, and Mahindra & Mahindra slid over 1 percent, each, and were the top Sensex laggards. All the Nifty sectoral indices, except Nifty Pharma, were painted red, with the Nifty Metal index, down 2.2 percent, bleeding the most. The losses were relatively contained in the S&P BSE MidCap index, which traded 0.2 percent down. On the other hand, the S&P BSE SmallCap index rose 0.2 percent. Twenty-eight companies, including Siemens, Alembic Ltd, Godrej Consumer Products, Granules India, and KEC International, are scheduled to release their quarterly earnings today.

MARKET UPDATE:Sensex up 200 points at 48,470 and Nifty topped the 14,550-mark

MARKET UPDATE:Sensex up 200 points at 48,470 and Nifty topped the 14,550-mark

Wednesday, May 5, 2021

The benchmark indices in India climbed off their early highs but were still trading in the green today(5th May 2021) as RBI Governor Shaktikanta Das unveiled liquidity support measures amid rising Covid-19 cases in India. Among the headline indices, the S&P BSE Sensex was up 200 points at 48,470 and the broader Nifty50 index topped the 14,550-mark. ONGC gained 3 percent and was the top Sensex gainer, followed by NTPC, Axis Bank, and Bharti Airtel (all up 1%). All the Nifty sectoral indices were painted green, led by the Nifty PSU Bank index, up 1.8 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.6 percent and 0.5 percent higher, respectively. Twenty companies, including Tata Steel, Adani Enterprises, Adani Green Energy, Blue Dart Express, Ceat, Craftsman Automation, and Deepak Nitrite are set to release quarterly earnings today.

Accumulate stocks of PSUs that are likely to be disinvested say analysts

Accumulate stocks of PSUs that are likely to be disinvested say analysts

Tuesday, May 4, 2021

Analysts suggest investors accumulate stocks of PSUs, especially the ones that are likely to be disinvested, at the current levels from a medium-to-long-term perspective. “There are a lot of PSU stocks that have not participated in the market rally. The fall from their peak levels is a good opportunity to buy from a medium-to-long-term horizon. I am confident that the government will be able to achieve the fiscal 2021-22 (FY22) divestment target. Due to the ongoing second wave of Covid, it may dole out some relief measures, which will cost money. To fund such initiatives, it will have to go aggressive on divestment once the market conditions improve,” say experts. Read more

MARKET UPDATE:Sensex hovered around 48,670 levels and Nifty hovered below 14,650-mark

MARKET UPDATE:Sensex hovered around 48,670 levels and Nifty hovered below 14,650-mark

Tuesday, May 4, 2021

The markets in India fluctuated between gains and losses in today's(4th May 2021) morning deals. The S&P BSE Sensex hovered around 48,670 levels, down 40 points. Earlier, the index had risen to as high as 48,997. The broader Nifty50 index hovered below 14,650-mark. IndusInd Bank, Axis Bank, and ICICI Bank rose 2 percent, each, and were the top Sensex gainers. Among other individual stocks, L&T Technology Services fell over 8 percent after announcing their quarterly results. Majority of the Nifty sectoral indices traded in the green, led by the Nifty PSU Bank index, up 1.9 percent. Twenty companies, including Adani Ports and Special Economic Zone, Alembic Pharmaceuticals, Apollo Pipes, DCM Shriram, IIFL Securities, Larsen & Toubro Infotech, and RBL Bank are set to release their quarterly earnings today.

MARKET UPDATE:Sensex down 350 points at 48,430 levels, and Nifty hovered below 14,550-mark

MARKET UPDATE:Sensex down 350 points at 48,430 levels, and Nifty hovered below 14,550-mark

Monday, May 3, 2021

The Indian markets came out of the opening lows but were still trading over half a percent down in today's (3rd May 2021) morning deals. The S&P BSE Sensex traded at 48,430 levels, down 350 points and the broader Nifty50 index hovered below the 14,550-mark. State Bank of India, Titan, and Bajaj Finance fell over 2 percent, each, and were the top Sensex laggards. Reliance Industries also slipped 2 percent after the announcement of its March quarter results. All the Nifty sectoral indices, except the Nifty Pharma index, traded in the red, with the Nifty PSU Bank index, down 2 percent, bleeding the most. Twenty-one companies are slated to post their March quarter numbers today, including Kotak Mahindra Bank, SBI Life Insurance Company, Tata Chemicals, Godrej Properties, L&T Technology Services, and Varun Beverages.

MARKET UPDATE:Sensex dropped 517 points to quote at 49,249 levels while Nifty hovered around 14,750-mark

MARKET UPDATE:Sensex dropped 517 points to quote at 49,249 levels while Nifty hovered around 14,750-mark

Friday, April 30, 2021

Indian markets drove lower today(30th April 2021) after four straight sessions of gains this week due to unfavourable global market cues, unabated rise in Covid cases, and hiccups in vaccination. The benchmark indices started gap-down with up to 1 percent cuts. In absolute terms, the headline S&P BSE Sensex dropped 517 points to quote at 49,249 levels in early deals. On the NSE, the Nifty50 hovered around 14,750-mark, down 137 points. Wipro (up nearly 4 per cent) was leading the list of gainers on the Nifty after the IT major revised its IT services revenue guidance to $2,324-$2,367 million for the April-June quarter of FY22, which translates to a sequential growth of 8-10 per cent. Bajaj Auto, ONGC, Divis's Labs, Dr Reddy's Labs, and Sun Pharma were the other top-performing stocks on the 50-share index. Read more

MARKET UPDATE:Sensex up 300 points at 50,045 level while Nifty up 87 points at 14,960

MARKET UPDATE:Sensex up 300 points at 50,045 level while Nifty up 87 points at 14,960

Thursday, April 29, 2021

Indian benchmark indices extended their bull run to the fourth straight day today(29th April 2021) supported by the US Fed decision to keep policy loose and firm global markets cues, Starting gap-up, frontline indices reclaimed major psychological marks in the early deals. The indices, however, pared gains marginally with the benchmark S&P BSE Sensex up 300 points to quote at 50,045 level while the Nifty50 was at 14,960, up 87 points. Earlier in the day, the indices hit respective day highs of 50,376 and 15,044, respectively. The Sensex index is back above 50,000 after 12 trading sessions while the Nifty has reclaimed the 15,000-mark for the first time since March 16. The benchmark indices leaned on Reliance Industries, HDFC twins, Axis Bank, ICICI Bank, and Bajaj Finance to support the fresh breakouts. All the heavyweights were up in the range of 2 percent to 2.5 percent. Read more

Sensex zooms 790 pts; banks rally: Investors look beyond Covid cases' surge

Sensex zooms 790 pts; banks rally: Investors look beyond Covid cases' surge

Wednesday, April 28, 2021

Expectations that Covid-19 cases could soon peak in the country boosted investor confidence on Dalal Street today(28th April 2021). Besides, healthy buying in the financial counters ahead of the monthly expiry of the F&O contracts of April due tomorrow further lifted benchmark indices 1.6 percent today. Today was the third consecutive day of gains at the bourses. Maharashtra’s stabilising Covid cases could be a precursor to India's curve flattening over one-two months, believes some experts. Meanwhile, CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth month of the second wave. This, it believes, will be positive for the markets. Read more

MARKET UPDATE:Sensex advanced 390 points to quote at 49,300 levels and Nifty reclaimed the 14,750-mark

MARKET UPDATE:Sensex advanced 390 points to quote at 49,300 levels and Nifty reclaimed the 14,750-mark

Wednesday, April 28, 2021

Starting higher for the third straight day, Indian equity markets edged up 0.8 percent in early deals today(28th April 2021). Among the frontline indices, the S&P BSE Sensex advanced 390 points to quote at 49,300 levels while the NSE's Nifty50 reclaimed the 14,750-mark and was at 14,764. Bajaj Auto, Bajaj Finance, and Bajaj Finserv, all up between 1.5 percent and 2 percent, were the top-performing stocks on the Nifty. These were followed by the State Bank of India, Tata Motors, Hero MotoCorp, and Divis Labs. On the downside, Britannia, HUL, Hindalco, JSW Steel, and Maruti Suzuki slipped up to 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices gained 0.76 percent and 0.74 percent, respectively. As regards sectoral trends on the NSE, the Nifty Metal index witnessed profit-booking and slipped 0.25 percent on the NSE. On the contrary, the Nifty Auto index zoomed 1.4 percent, trailed by the Nifty Bank index, up 0.7 percent. Read more

MARKET UPDATE:Sensex up 162 points at 48,549 levels, and Nifty hovered around 14,522 levels

MARKET UPDATE:Sensex up 162 points at 48,549 levels, and Nifty hovered around 14,522 levels

Tuesday, April 27, 2021

Following the weak trend in Asian markets, Indian equity indices started higher today(27th April 2021) amid a healthy buying in metal, realty, and pharma counters. Among key indices, the benchmark S&P BSE Sensex quoted at 48,549 levels, up 162 points, in morning deals. Tech M, Bajaj Finance, Reliance Industries, and Power Grid were the top gainers on the Sensex while Kotak Mahindra Bank, Axis Bank, Asian Paints, and HDFC were leading the list of losers. On the NSE, the Nifty50 hovered around 14,522 levels. Individually, Tech Mahindra gained 1.7 percent on the BSE after the IT major on Monday reported a net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 percent year-on-year (YoY). On a sequential basis, the figure was down 17.4 percent from Rs 1,309.8 crore. SBI Card, meanwhile, rallied 1.3 percent on a net profit of Rs 175 crore in the March quarter of FY21, up 110 percent compared to Rs 84 crore in the same period last year. Read more

Sensex ruling 730 points up at 48,600 levels and Nifty jumped 190 points,hovering above 14,500 mark

Sensex ruling 730 points up at 48,600 levels and Nifty jumped 190 points,hovering above 14,500 mark

Monday, April 26, 2021

Indian benchmark indices opened higher in today's(26th April 2021) session, tracking firm cues from global peers, even as India continued to report over 3 lakh Covid-19 cases. The BSE barometer Sensex was ruling 730 points up at 48,600 levels while NSE Nifty jumped 190 points and was hovering above14,500 mark. ICICI Bank, Axis Bank, ONGC, UltraTech, and SBI were among the top Sensex gainers while HCL Technologies, Power Grid, and DRL were among the top drags. Broader markets traded in tandem with benchmark indices with Nifty Midcap and Nifty Smallcap indices up 1 percent each. On the sectoral front, barring Nifty Pharma, all indices traded in the green. Nifty Bank with a gain of nearly 2 percent was the best performing index. Tech M, SBI Card, and HDFC Life are among the 15 companies that are scheduled to announce their quarterly numbers today. Read more

MARKET UPDATE:Sensex down 270 points at 47,812 levels and Nifty hovering below 14,350 levels

MARKET UPDATE:Sensex down 270 points at 47,812 levels and Nifty hovering below 14,350 levels

Friday, April 23, 2021

Equity markets in India were under pressure today(23rd April 2021) amid muted investment sentiment across Asian markets and on a record single-day spike of over 3 lakh Covid-19 cases for the second consecutive day. Among the headline indices, the S&P BSE Sensex was at 47,812 levels in early deals, down 270 points or 0.56 percent. On the NSE, the Nifty50 was hovering below 14,350 levels. Power Grid was the top gainer on the Nifty, up 4 percent, followed by Tata Steel, SBI Life, Dr. Reddy's Labs, and Asian Paints. On the downside, Wipro, ICICI Bank, Bajaj Finance, Hero MotoCorp, and State Bank of India were the top laggards in morning deals. In the broader markets, the S&P BSE MidCap index was up 0.59 percent while the S&P BSE SmallCap index gained 0.72 percent. Sectorally, only Nifty Metal, Pharma, and Media indices were trading in the green, up between 0.3 percent and 1 percent. On the contrary, the Nifty Financial Services index slipped 0.7 percent. Read more

MARKET UPDATE:Sensex down 250 points at 47,462 levels and Nifty hovering around 14,250 levels

MARKET UPDATE:Sensex down 250 points at 47,462 levels and Nifty hovering around 14,250 levels

Thursday, April 22, 2021

Indian equity markets opened gap-down today (22nd April 2021) as a record single-day spike of over three lakh Covid-19 cases kept investor sentiment at bay. However, buying at lower levels in IT and metal counters helped indices stage mild recovery. The benchmark S&P BSE Sensex was quoting at 47,462levels, down 250 points or 0.5 percent. On the NSE, the Nifty50 was hovering around 14,250 levels, down 56 points. Ultratech Cement, Shree Cement, IndusInd Bank, Axis Bank, Hero MotoCorp, and NTPC, down up to 3.5 percent, were leading the list of losers on the Nifty while Bajaj Auto, Dr. Reddy's Labs, Wipro, BPCL, and Tata Steel outperformed the market and gained between 1.5 percent and 3.5 percent. In the broader markets, the S&P BSE MidCap index slipped 0.13 percent while the S&P BSE SmallCap index gained 0.3 percent. Read more

MARKET UPDATE:Sensex hovered around 48,230 levels, down 300 points and Nifty gave up the 14,450-mark

MARKET UPDATE:Sensex hovered around 48,230 levels, down 300 points and Nifty gave up the 14,450-mark

Thursday, April 15, 2021

The benchmark indices in India slid over half a percent in today's (15th April 2021) morning's volatile session, dragged by public sector banks, IT, and auto stocks, as India recorded over 2 lakh fresh Covid-19 cases in the last 24 hours. The S&P BSE Sensex hovered around 48,230 levels, down 300 points and the Nifty50 index gave up the 14,450-mark. Infosys fell 5 percent after the announcement of its March quarter results and was the top Sensex laggard, followed by Mahindra & Mahindra, and IndusInd Bank (both down 3%). On the other hand, ONGC (up 3%) was the top Sensex gainer, followed by NTPC, State Bank of India, and UltraTech Cement (all up 1%). The Nifty sectoral indices were largely in the red, with Nifty Auto and Nifty PSU Bank index, down 2.5 percent, each. On the other hand, Nifty Pharma ticked up 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indices traded 0.3 percent lower, each. Read more

MARKET UPDATE:Sensex up 120 points around 49,870 levels and Nifty hovered around 14,900

MARKET UPDATE:Sensex up 120 points around 49,870 levels and Nifty hovered around 14,900

Friday, April 9, 2021

The benchmark indices in India fluctuated between gains and losses in today's(9th April 2021) late morning deals. The S&P BSE Sensex traded around 49,870 levels, up 120 points, and the Nifty50 index hovered around 14,900. Bajaj Finance, ICICI Bank, IndusInd Bank, and Larsen & Toubro dipped 1 percent, each, and were the top Sensex laggards. On the other hand, Hindustan Unilever and Sun Pharma rose 2 percent, each. The Nifty sectoral indices were trading mixed, with the Nifty PSU Bank index, up over 3 percent, leading the gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.4 percent and 0.9 percent higher, respectively.

MARKET UPDATE:Sensex leaped 700 points at 49,900 and Nifty50 index jumped 200 points and hit 14,880-mark

MARKET UPDATE:Sensex leaped 700 points at 49,900 and Nifty50 index jumped 200 points and hit 14,880-mark

Thursday, April 8, 2021

The Indian equity markets welcomed the decision of RBI governorShaktikanta Das to keep rates unchanged during the first bi-monthly monetary policy of FY22, along with holding the GDP growth rate steady at 10.5 percent for the new financial year. Despite the recent surge in Covid-19 cases, the governor said the central bank and the government are prepared to tackle the second wave. Soothed by the comments, the benchmark S&P BSE Sensex index leaped 700 points and hit the day's high of 49,900. The Nifty50, meanwhile, jumped nearly 200 points and hit 14,880 on the back of an across-the-board buying. Banking and financial stocks outperformed on Wednesday with the Nifty Bank, Private Bank, and PSU Bank indices settling higher in the range of 1.5 percent to 2 percent. The Nifty Financial Services, IT, Pharma, Metal, and Realty indices, on the other hand, gained up to 1.5 percent. Read more

MARKET UPDATE:Sensex fell 300 points to 49,830 levels and Nifty gave up the 14,800-mark

MARKET UPDATE:Sensex fell 300 points to 49,830 levels and Nifty gave up the 14,800-mark

Wednesday, March 31, 2021

The benchmark indices in India fell over half a percent in early deals of the last trading day of the financial year 2020-21 (FY21), amid mixed global cues. The S&P BSE Sensex fell 300 points to 49,830 levels and the broader Nifty50 index gave up the 14,800-mark. HDFC twins (HDFC and HDFC Bank) were the top Sensex laggards, both down over 2 percent, followed by PowerGrid, ICICI Bank, and Tech Mahindra (down over 1%) each. All the Nifty sectoral indices, barring the Nifty Pharma index, slipped into the red, with the Nifty IT index, down 1 percent. Meanwhile, the broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.2 percent higher, each.

MARKET UPDATE:Sensex gained 650 points at 49,680 levels and Nifty reclaimed the 14,700-mark

MARKET UPDATE:Sensex gained 650 points at 49,680 levels and Nifty reclaimed the 14,700-mark

Tuesday, March 30, 2021

The benchmark indices in India traded over one percent higher in today's(30th March 2021) early deals as investors returned to their trading terminals after three days. Among the headline indices, the S&P BSE Sensex gained 650 points at 49,680 levels and the Nifty50 index reclaimed the 14,700-mark. Hindustan Unilever, Titan, Dr Reddy's, ONGC, and NTPC gained 2 percent, each, and were the top Sensex gainers. The majority of the Nifty sectoral indices were painted green, with the Nifty Metal index, up 2.8 percent, leading the gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.9 percent higher, each. Nazara Technologies shares are set to be listed on the stock exchanges today. The issue was subscribed 175.46 times, with the retail portion subscribed 75.29 times, the non-institutional investors' portion subscribed 389.89 times and the qualified institutional buyers segment attracted 103.77 subscriptions.

Are Indian markets among worst performers globally?

Are Indian markets among worst performers globally?

Thursday, March 25, 2021

The S&P BSE Sensex and the Nifty 50 have been among the worst-performing major frontline indices across the globe. if analysts and technical chartists are to be believed, there is still more pain left before the Indian markets start to look up again. The recent surge in Covid cases across the country, elevated commodity prices, and higher bond yields have punctured the market sentiment. From its 52-week high of 52,516.76 hits in intra-day deals on February 16, the S&P BSE Sensex has slipped over 3,000 points, or 6 percent till now. Only the ones in Turkey, Sri Lanka, the Philippines, and Hong Kong have fared worse during this period, data show. At the global level, the positive news of the $1.9 trillion fiscal stimuli in the US and the good progress of the vaccine campaign got overshadowed by the adverse effects of a rebound in the US dollar and rising US bond yields. Read more

MARKET UPDATE:Sensex trading around 48,940 levels, down 275 points and Nifty gave up the 14,400-mark

MARKET UPDATE:Sensex trading around 48,940 levels, down 275 points and Nifty gave up the 14,400-mark

Friday, March 19, 2021

In the Indian markets today (19th March 2021), the benchmark indices fell over half a percent in morning deals, but off the early lows, following weak global cues amid a spike in bond yields. The S&P BSE Sensex was trading around 48,940 levels, down 275 points. The index hit an intra-day low of 48,587, earlier in the session. Meanwhile, the broader Nifty50 index also gave up the 14,400-mark. ONGC (down 4%) was the top Sensex laggard, followed by Larsen & Toubro and Tech Mahindra (both down 2%). Among other individual stocks, Future Retail shares tumbled 10 percent after the Delhi High Court upheld the Emergency Award that Amazon had won against the Future Retail-RIL deal. The Nifty sectoral indices were painted red, with the Nifty PSU Bank index, down 1.9 percent, bleeding the most. The broader markets fared worse than their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 1.4 percent and 2 percent down, respectively. Read more

Sensex has sunk over 2,300 points in five sessions

Sensex has sunk over 2,300 points in five sessions

Thursday, March 18, 2021

Sensex tanked close to 800 points today after initially starting the day in the green. Sensex has now sunk over 2,300 points in five sessions and is inching closer towards its first technical correction since the crash of last March caused by the COVID-19 pandemic. To back its determination to keep monetary policy accommodative, the US Fed also hiked the limit for overnight reverse repo auction exposure to $80 billion from $30 billion earlier to assuage the mayhem in the US Treasury bond market. Yet the market does not seem convinced. The major factors driving the skittishness in the Indian equity market are: Read more

MARKET UPDATE:Sensex zooms 440 points at 50,240 levels and Nifty hovered above 14,850-mark

MARKET UPDATE:Sensex zooms 440 points at 50,240 levels and Nifty hovered above 14,850-mark

Thursday, March 18, 2021

The benchmark indices in India traded nearly 1 per cent higher in today's(18th March,2021) early deals amid firm global cues after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in US economic growth this year. The S&P BSE Sensex gained 440 points, or 0.9 per cent, at 50,240 levels and the Nifty50 index hovered above 14,850-mark. All the Nifty sectoral indices were trading with gains, led by Nifty Metal index, up 2 per cent.

Demand-driven rise in crude oil prices is good for equity markets

Demand-driven rise in crude oil prices is good for equity markets

Wednesday, March 10, 2021

A rise in oil prices – if driven by a surge in demand/consumption – is a positive for equity markets, according to analysts. Analysts at Jefferies estimate that every $10 per barrel (bbl) rise in the Brent oil price raises India’s trade deficit by around 40-50 basis points (bps). Yet, they believe that the equity markets should be able to digest the recent spurt. “A $70/bbl of crude would have a 100-120 bps impact on current account deficit (CAD). Improving domestic demand on a low base would drive CAD to 1.5 percent in fiscal 2021-22 (FY22) versus a 0.7 percent surplus this year. However, we still expect the balance of payments (BoP) to be a positive around 1.2 percent as capital account (FDI, ECB and NRI deposits) should see over $80 billion surpluses,” wrote Mahesh Nandurkar, managing director at Jefferies in a recently co-authored note with Abhinav Sinha. Read more

Surge in bond yields and rising commodity prices may cause limited upside for the equity markets

Surge in bond yields and rising commodity prices may cause limited upside for the equity markets

Friday, February 26, 2021

A sharp surge in bond yields and rising commodity prices have come back to haunt equity markets, with most analysts expecting a limited upside for the equity markets. Today(26th Feb.2021), Asian stocks traded sharply lower after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark US Treasury yields, which hit their highest level since the pandemic began – up 14 basis points (bps) at 1.5286 percent. The surge came on the back of expectations of a strong economic expansion and related inflation. “In line with the global trend, Indian yields have definitely bottomed out. Since the expansionary budget in February, Indian 10-year is up 28 bps to 6.18 percent despite RBI’s verbal and explicit market support. The gap between earnings yields (1/Nifty one-year forward PE) to 10-year bond yield is now at 156bps, which is 57bps higher than the long-term average,” said an expert. Read more

MARKET UPDATE: Sensex up 60 points at 51,760 levels and the Nifty holding above the 15,200-mark

MARKET UPDATE: Sensex up 60 points at 51,760 levels and the Nifty holding above the 15,200-mark

Thursday, February 18, 2021

The benchmark indices in India traded flat with a positive bias in today's(18th February 2021) early deals, ahead of the weekly options expiry, on the back of mixed global cues. Among the headline indices, the S&P BSE Sensex was up 60 points at 51,760 levels and the Nifty50 was holding above the 15,200-mark. ONGC gained 3 percent and was the top Sensex gainer, followed by State Bank of India which rose 2 percent. On the other hand, ICICI Bank and Bajaj Finance fell over 1 percent, each. The Nifty sectoral indices traded mixed, with the Nifty PSU Bank index, up 3 percent, leading the gainers. Ambuja Cements, Enkei Wheels, RCL Retail, Rollatainers and Twinstar Industries are scheduled to announce their quarterly earnings today.

MARKET UPDATE: Sensex clocked a fresh lifetime high and trading over 700 points at 51,440 levels and Nifty conquered the 15,100 level

MARKET UPDATE: Sensex clocked a fresh lifetime high and trading over 700 points at 51,440 levels and Nifty conquered the 15,100 level

Monday, February 8, 2021

The benchmark indices in India were trading firm, up over 1 percent, in today's(8th February 2021) morning deals after opening higher for the sixth straight day, on the back of favourable global cues. The S&P BSE Sensex clocked a fresh lifetime high and was trading over 700 points, 1.4 percent, at 51,440 levels. The broader Nifty50 index also opened above the 15,000-mark and then later conquered the 15,100 level. Mahindra & Mahindra shot up 9 percent and was the top Sensex gainer, followed by State Bank of India and Axis Bank, up 3 percent, each. The Nifty sectoral indices were painted green, with the Nifty Bank index, up 2 percent, leading the charge. Hundred and forty companies are slated to report their December quarter results today including Aditya Birla Fashion, Balkrishna Industries, and Globus Spirits.

MARKET UPDATE: Sensex fell 200 points to 50,040 levels and Nifty slipped below 14,750

MARKET UPDATE: Sensex fell 200 points to 50,040 levels and Nifty slipped below 14,750

Thursday, February 4, 2021

The Indian markets slipped nearly half a percent in today's(4th February 2021) early deals, after three straight days of gains, amid mixed global cues, ahead of the weekly F&O expiry. The S&P BSE Sensex fell 200 points to 50,040 levels and the Nifty50 index slipped below 14,750. IndusInd Bank, ICICI Bank, and Asian Paints fell 1 percent each and were the top Sensex laggards. On the other hand, Mahindra & Mahindra rose 3 percent while ONGC and Bajaj Auto were both up 2 percent. The trend among Nifty sectoral indices was mixed, with gains in the Nifty Auto index, up 1.6 percent, being offset by the Nifty Bank index, down 1 percent. The broader indices, meanwhile, outran their benchmark peers, with both the S&P BSE MidCap and SmallCap indices ruling half a percent higher, each. Read more

MARKET UPDATE:volatile session; Sensex fell 120 points to 49500 and Nifty fell below 14,550

MARKET UPDATE:volatile session; Sensex fell 120 points to 49500 and Nifty fell below 14,550

Friday, January 22, 2021

The Indian benchmark indices inched lower in the morning deals of today's(22nd January 2021) volatile session, dragged by Reliance Industries and private banks. The S&P BSE Sensex fell 120 points to 49,500 and the broader Nifty50 index fell below 14,550. Bajaj Auto gained 6 percent and was the top Sensex gainer, followed by Mahindra & Mahindra and Asian Paints (both up 1%). On the other hand, Axis Bank and HDFC fell1 percent, each. Reliance Industries also slipped 1 percent ahead of its quarterly results later in the day. Among other individual stocks, Biocon tumbled 9 percent while SBI Card rose as much as 4 percent after announcing their respective December quarter results. The Nifty sectoral indices were mixed, with the Nifty Auto index, up 3 percent leading the gainers. Read more

MARKET UPDATE:Sensex down 400 points to 49,620 levels and the Nifty hovered around 14,350-mark

MARKET UPDATE:Sensex down 400 points to 49,620 levels and the Nifty hovered around 14,350-mark

Monday, January 18, 2021

The Indian equity markets in India slipped over half a percent in today's(18th January 2021) early deals, tracking similar cues from their Asian peers. The S&P BSE Sensex fell 400 points to 48,620 levels and the Nifty50 index hovered around 14,350-mark. ONGC (down 4%) was the top Sensex loser, followed by Bajaj Finance, Bajaj Finserv, and IndusInd Bank (all down 3%). On the other hand, HDFC Bank gained over 2 percent after recording an 18 percent rise in net profit at Rs 8,758.3 crore in the December quarter of the current fiscal year (Q3FY21), driven by robust growth in net interest income and other income. Among other individual stocks, shares of diagnostic chain Metropolis Healthcare rose 4 percent after the company said it will acquire Dr. Ganesan's Hitech Diagnostic Centre to strengthen its leadership position in southern India. Read more

MARKET UPDATE:Sensex down 200 points to 49,360 levels and the Nifty gave up the 14,550-mark

MARKET UPDATE:Sensex down 200 points to 49,360 levels and the Nifty gave up the 14,550-mark

Friday, January 15, 2021

The equity markets in India edged lower in today's(15th January 2021) early deals, tracking similar cues from their Asian peers. The S&P BSE Sensex hovered around 49,360 levels, down 200 points, and the Nifty50 index gave up the 14,550-mark. UltraTech Cement dipped 2 percent and was the top Sensex laggard, followed by Tech Mahindra, Infosys, and Asian Paints (all down 1%). On the other hand, Bharti Airtel surged 5 percent after the MSCI said it would decide on increasing the weight of Bharti Airtel during its upcoming index review in February. HCL Technologies also rose 1 percent in early deals after posting a 34.8 percent year-on-year (YoY) jump in its consolidated net profit to Rs 3,969 crore for the December 2020 quarter (FY2021). The Nifty sectoral indices were trading largely in the red, with the Nifty IT index, down 0.8 percent, leading the list of losers. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.1 percent up, each. Read more

MARKET UPDATE:Sensex fell 200 points to 49,260 levels and the Nifty fell below 14,550 levels

MARKET UPDATE:Sensex fell 200 points to 49,260 levels and the Nifty fell below 14,550 levels

Thursday, January 14, 2021

The Indian equity markets declined nearly half a percent in today's(14th January 2021) early deals, dragged by tech stocks, ahead of the weekly F&O expiry later in the day. The S&P BSE Sensex fell 200 points to 49,260 levels and the Nifty50 index fell below 14,550 levels. Infosys tumbled 4 percent in opening deals as investors booked profit after the company largely beat Street estimates on all fronts for the December quarter results. Among other IT stocks, HCL Tech and Tech Mahindra also slipped 2 percent each. Besides, Hindustan Aeronautics surged as high as 12 percent in early deals after the government approved procurement of 83 indigenously-developed light combat aircraft 'Tejas' for the Indian Air Force at a cost of Rs 48,000 crore. The majority of the Nifty sectoral indices were trading higher, although the Nifty IT index dipped 2 percent. Read more

MARKET UPDATE:SSensex up by 210 points at 49,730 levels and Nifty holding above the 14,600-mark

MARKET UPDATE:SSensex up by 210 points at 49,730 levels and Nifty holding above the 14,600-mark

Wednesday, January 13, 2021

The markets in India continued their record-breaking spree and logged fresh lifetime highs today(13th January 2021), with the S&P BSE Sensex eyeing the landmark 50,000 level. The Sensex was trading 210 points, or 0.4 percent, at 49,730 levels and the Nifty50 index was holding above the 14,600-mark. Bharti Airtel surged 5 percent after the company said it is initiating the process to revise its foreign investment limit to 100 percent with immediate effect. Besides, ONGC and State Bank of India were also up 2 percent, each. All the Nifty sectoral indices were ruling higher, led by the Nifty Metal index, up 1.5 percent. Besides, the Nifty Bank index hit a fresh record high at 32,559 in intra-day deals. Infosys, Wipro, Amtek Auto, GTPL Hathaway, and six other firms are slated to release their Q3 numbers today. Read more

Few stocks that may give better returns in 2021

Few stocks that may give better returns in 2021

Friday, January 8, 2021

The market which is already trading at record highs has more legs than earlier, believe many analysts. They believe the market will run up ahead of, and in anticipation of, and ensuing economic recovery. The following few stocks may get the best of the rally in the market in the next year, according to many analysts: 1. Sobha | Target: Rs 640 | Upside: 45%: Sobha is a better-placed company in the realty space backed by its strong brand, better product realizations, back‐ward integration of processes including in‐house design, architecture, mechanical, electrical, plumbing and engineering, superior execution capabilities and diversifications from Bangalore market to a pan India player. Also, the company is likely to be a prime beneficiary of consolidation in the industry. Read more

MARKET UPDATE:Sensex up 300 points at 48,410 levels and Nifty hit an intra-day high of 14,259

MARKET UPDATE:Sensex up 300 points at 48,410 levels and Nifty hit an intra-day high of 14,259

Friday, January 8, 2021

The markets in India made a strong start to today's(8th January 2021) session, with the Nifty50 index and the MidCap index hitting their fresh record high levels, on the back of firm global cues. The S&P BSE Sensex was up 300 points at 48,410 levels, while the Nifty50 index hit an intra-day high of 14,259, also its fresh record high. Tech Mahindra, Sun Pharma, and Infosys (all up 2%) were the top Sensex gainers. All the Nifty sectoral indices were trading with gains, led by the Nifty IT index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.5 percent 0.9 percent higher, respectively. Information technology (IT) major TCS is among the five companies scheduled to announce their December quarter earnings today. Read more

MARKET UPDATE:Sensex trading 250 points higher at 48,420 levels and Nifty holding above 14,220-mark

MARKET UPDATE:Sensex trading 250 points higher at 48,420 levels and Nifty holding above 14,220-mark

Thursday, January 7, 2021

The equity markets in India returned to their winning ways after a day's hiatus, with the headline indices trading half a percent higher and the MidCap index hitting their fresh lifetime highs, on the back of broad-based buying, in today's(7th January 2021) early deals. The S&P BSE Sensex was trading 250 points, or half a percent, up at 48,420 levels. The broader Nifty50 index was also holding above the 14,220-mark, after hitting a fresh all-time high of 14,256 in early deals. IndusInd Bank and Axis Bank (both up 2%) were the lead Sensex gainers, followed by State Bank of India, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra (all up 1% each). All the Nifty sectoral indices were trading in the green. Realty stocks were ruling higher after the Maharashtra government approved the proposal to cut the premium on real estate projects by half till December 31, 2021. As a result, the Nifty Realty index surged 3 percent and was the top Nifty sectoral gainer. Read more

Chris Wood has increased weightage of Indian equities in his Asia Pacific ex-Japan relative-return portfolio

Chris Wood has increased weightage of Indian equities in his Asia Pacific ex-Japan relative-return portfolio

Wednesday, January 6, 2021

Christopher Wood, Global Head of Equity Strategy at Jefferies, has nudged to increase exposure to Indian equities in his ‘GREED and Fear’ portfolio yet again due to a downward-sloping Covid-19 graph and an upward-sloping Nifty50 chart in India. Wood has increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio, by trimming exposure to Chinese and Pakistani equity markets Last month, Wood had raised concerns over the sharply expanding valuations of the Indian equity market, but he sounded confident that valuations will become relatively cheaper as corporate earnings growth catch up in 2021.

MARKET UPDATE:Sensex shot up 230 points to above the 48,000 levels for the first time ever and Nifty hovered around 14,100 zone

MARKET UPDATE:Sensex shot up 230 points to above the 48,000 levels for the first time ever and Nifty hovered around 14,100 zone

Monday, January 4, 2021

The markets in India made a firm start today(4th January 2021), recording their fresh new high, after the Indian drug regulator DGCI gave its approval to Covid vaccines produced by AstraZeneca and Bharat Biotech for emergency use in the country. Among the headline indices, the S&P BSE Sensex shot up 230 points and was trading above the level of 48,000 for the first time ever. The broader Nifty50 index also hovered around the 14,100 zones. ONGC, TCS, State Bank of India, Infosys, and IndusInd Bank (up 1% each) were the top Sensex gainers. On the other hand, Reliance Industries was trading with marginal cuts after Sebi imposed penalties on the conglomerate for alleged manipulative trading in the shares of erstwhile Reliance Petroleum, back in November 2007. Read more

MARKET UPDATE:Sensex hovered around 47,740 levels and Nifty testing the 14,000-mark

MARKET UPDATE:Sensex hovered around 47,740 levels and Nifty testing the 14,000-mark

Thursday, December 31, 2020

The markets in India were trading flat with a positive bias in the final trading session of the year 2020 today(31st December 2020) ahead of the expiry of December series derivative contracts later in the day. Among headline indices, the S&P BSE Sensex hovered around 47,740 levels and the Nifty50 index was testing the 14,000-mark. ONGC (up 1%) was the top Sensex gainer, followed by Titan, Bajaj Finance, and ICICI Bank (up to half a percent, each). The Nifty sectoral indices were mixed, with the Nifty Realty index, up 1 percent, leading the list of gainers. Anarock yesterday said that housing sales in the October-December rose to 50,900 units across seven big cities from 29,520 units in the previous quarter. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.4 percent each, outperforming their headline peers.

MARKET UPDATE:Sensex hovered around 46,000 levels and Nifty index was testing the 13,500 mark

MARKET UPDATE:Sensex hovered around 46,000 levels and Nifty index was testing the 13,500 mark

Wednesday, December 23, 2020

The equity markets in India fluctuated between gains and losses in today's(23rd December 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex hovered around 46,000 levels and the Nifty50 index was testing the 13,500 marks. Tech stocks, Infosys, Tech Mahindra, HCL Tech, and TCS (all up 1%) were the top Sensex gainers. On the other hand, ONGC, down 2 percent, fell the most, while index heavyweights Reliance Industries and HDFC Bank were also down half a percent, each. Among other individual stocks, Wipro gained nearly 3.5 percent after announcing the commencement date for its Rs 9,500-crore share buyback programme. The Nifty sectoral indices were trading mixed, with the Nifty IT index, up 1.5 percent, leading the list of gainers.

MARKET UPDATE:Sensex gained 106 points to 46,770 levels and Nifty above the 13,700-mark

MARKET UPDATE:Sensex gained 106 points to 46,770 levels and Nifty above the 13,700-mark

Thursday, December 17, 2020

The Indian equity markets were trading with meager gains today(17th December 2020) amid mixed global cues, ahead of the weekly options expiry. Among the headline indices, the S&P BSE Sensex gained 106 points to 46,770 levels and the broader Nifty50 index was above the 13,700-mark. IndusInd Bank rose 2 percent after the Sebi granted a one-month extension for the bank's promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, into equity. Besides, Reliance Industries, Sun Pharma, and Ultratech Cement (all up 1%) were the other top gainers. The trend was mixed among the Nifty sectoral indices, with the Nifty Pharma index, up 1 percent, leading the list of gainers. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index gained 0.4 percent.

MARKET UPDATE:Sensex fell 300 points at 45,950 levels and Nifty breached the 13,500-mark

MARKET UPDATE:Sensex fell 300 points at 45,950 levels and Nifty breached the 13,500-mark

Tuesday, December 15, 2020

The Indian benchmark indices extended their early losses and were down nearly 1 percent in today's(15th December 2020) morning deals, dragged primarily by financials and FMCG stocks. The S&P BSE Sensex fell 300 points, or 0.8 percent, at 45,950 levels, this giving up the psychological level of 46,000. The broader Nifty50 also breached the 13,500-mark. Axis Bank (down 2%) was the top Sensex laggard, followed by ONGC, ICICI Bank, and IndusInd Bank (all down 1%). On the other hand, HDFC Bank gained over 1 percent. The trend among Nifty sectoral indices was largely negative, with the Nifty PSU Bank index, down 3 percent, leading the list of losers. In the broader market, the S&P BSE MidCap slipped 0.2 percent while the S&P BSE SmallCap index was flat.

MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark

MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark

Monday, December 14, 2020

The equity markets in India logged their fresh lifetime highs and were trading half a percent higher on Monday, on the back of strong global cues. Among headline indices, the S&P BSE Sensex gained 200 points and rose as high as 46,300 levels. The broader Nifty50 index, meanwhile, was testing the 13,600-mark. ONGC (up 2%), Larsen & Toubro, NTPC, Tata Steel, and PowerGrid (all up 2%) were the top Sensex gainers. Shares of pharma major Cipla jumped over 4 percent after the company announced the settlement of its patent litigation with Celgene Corporation, a wholly-owned subsidiary of Bristol Myers Squibb, relating to patents for Revlimid (lenalidomide) All the Nifty sectoral indices, except the Nifty Realty index, were trading in the green, led by the Nifty PSU Bank index, up 1.7 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.5 per cent and 0.7 per cent higher, respectively. Read more

MARKET UPDATE:Sensex gained 300 points at 46,240 levels and Nifty topped the 13,550-mark

MARKET UPDATE:Sensex gained 300 points at 46,240 levels and Nifty topped the 13,550-mark

Friday, December 11, 2020

The Indian benchmark indices returned to their record-breaking ways after a day's break, logging fresh record highs in today's911th December 2020) morning deals. The S&P BSE Sensex gained 300 points, or 0.6 percent, at 46,240 levels and the Nifty50 index topped the 13,550-mark. ONGC (up 6%) was the top Sensex gainer, followed by NTPC, Tata Steel, and Bajaj Finance (all up 1%). Meanwhile, shares of UPL rose 3 percent after the management clarified that the matter flagged by a whistleblower was an old matter and was reported to the audit committee in 2017. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were up 0.6 percent and 0.9 percent, respectively

MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and Nifty slipped below the 13,500-mark

MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and Nifty slipped below the 13,500-mark

Thursday, December 10, 2020

The equity markets in India fell over half a percent in today's(10th December 2020) opening deals, on the back of weak global cues. Among the headline indices, the S&P BSE Sensex dipped 300 points, or 0.7 percent, to 45,790 levels, thereby giving away the 46,000-mark it had conquered in the previous session. The broader Nifty50 index also slipped below the 13,500-mark. Ultratech Cement (down 2%) was the top Sensex loser, followed by Tata Steel, Infosys, and Tech Mahindra (all down 1%). Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell as much as 15 percent after the company said the government will sell up to 20 percent stake in the company through an offer for sale on Thursday and Friday to raise Rs 4,374 crores. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 2 percent, leading the list of losers. Read more

MARKET UPDATE:Sensex up 280 points at 45,880 levels and Nifty topped the 13,450-mark

MARKET UPDATE:Sensex up 280 points at 45,880 levels and Nifty topped the 13,450-mark

Wednesday, December 9, 2020

The markets in India up half a percent, logged their fresh record high today(9th December 2020) on the back of firm global cues. Among headline indices, the S&P BSE Sensex gained 280 points, or 0.6 percent, at 45,880 levels and the Nifty50 index topped the 13,450-mark. ITC and IndusInd Bank (both up 1%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were both up 0.5 percent.

MARKET UPDATE:Sensex rose 100 points to 45,530 levels and Nifty hit the 13,400-mark

MARKET UPDATE:Sensex rose 100 points to 45,530 levels and Nifty hit the 13,400-mark

Tuesday, December 8, 2020

The markets in India scaled new lifetime highs for the fourth consecutive session despite trading with meagre gains, on the back of mixed global cues, in today's(8th December 2020) morning deals. Among headline indices, the S&P BSE Sensex rose 100 points to 45,530 levels and the broader Nifty50 index hit the 13,400-mark. Ultratech Cement, Bharti Airtel, Maruti Suzuki, and HCL Tech (all up 1%) were the top Sensex gainers. Jet Airways was locked in a 5 percent upper circuit after the consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital said it expects to start operating the airline by the summer of 2021. Canara Bank also gained 5 percent after launching its Rs 2,000 crore QIP. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up 0.9 percent, leading the list of gainers.

MARKET UPDATE:Sensex gained 150 points at 45,216 levels and Nifty surpassed the 13,300-mark

MARKET UPDATE:Sensex gained 150 points at 45,216 levels and Nifty surpassed the 13,300-mark

Monday, December 7, 2020

The markets in India scaled their fresh lifetime highs despite trading with meagre gains in today's( 8th December 2020) early deals, on the back of a mixed set of global cues. The S&P BSE Sensex gained 150 points, or 0.3 percent, at 45,216 levels and the Nifty50 index surpassed the 13,300-mark. ONGC (up 3%) was the top Sensex gainer, followed by Axis Bank, ICICI Bank, and Bharti Airtel was up 1 per cent, each. IRCTC, meanwhile, rose as high as 7 percent while Adani Ports hit a fresh lifetime high. The Nifty sectoral indices were trading largely in the green, led by Nifty PSU Bank index, up 0.8 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.3 per cent and 0.8 percent higher, respectively

MARKET UPDATE:Sensex up 200 points at 44,860 levels and Nifty testing the 13,200-mark

MARKET UPDATE:Sensex up 200 points at 44,860 levels and Nifty testing the 13,200-mark

Friday, December 4, 2020

The equity markets in India were trading half a percent higher in today's(4th December 2020) early morning deals ahead of the announcement of the decision of RBI's monetary policy committee. Among headline indices, the S&P BSE Sensex gained 200 points, or 0.5 percent, at 44,860 levels and the Nifty50 index was testing the 13,200-mark. Ultratech Cement (up 4%) was the top Sensex gainer, followed by Bharti Airtel, Mahindra & Mahindra, and Larsen & Toubro (all up 1%).

MARKET UPDATE:Sensex gained 150 points at 44,800 levels and Nifty hovered around 13,160-mark

MARKET UPDATE:Sensex gained 150 points at 44,800 levels and Nifty hovered around 13,160-mark

Thursday, December 3, 2020

The equity markets in India were trading with marginal gains in today's(3rd December 2020) early morning deals after opening at record high levels. Meanwhile, the volatility index, India VIX, cooled off over 7 percent to 18.5 levels. Among individual stocks, the S&P BSE Sensex gained 150 points at 44,800 levels. The index hit an intra-day high of 44,953, also its fresh lifetime high. The Nifty50 index hovered around 13,160-mark. Maruti Suzuki, up 4 percent, was the top Sensex gainer, followed by ONGC, Tata Steel, Larsen & Toubro, and State Bank of India (all up 1 percent). IndiGo, meanwhile, gained 2 percent after the company said it has reached 70 percent of its pre-Covid capacity and is operating 1,000 daily international and domestic flights. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1 percent.

MARKET UPDATE:Sensex 100-odd points down at 44,560 levels and Nifty slipped below the 13,100-mark

MARKET UPDATE:Sensex 100-odd points down at 44,560 levels and Nifty slipped below the 13,100-mark

Wednesday, December 2, 2020

The Indian markets were trading marginally lower in today's(2nd December 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex was trading 100-odd points down at 44,560 levels and the Nifty50 index slipped below the 13,100-mark. Maruti Suzuki, Asian Paints, Titan, and Bajaj Auto (all up 1%) were the top Sensex gainers. Tata Motors rose over 3 percent after the company's November sales also grew to 49,650 vehicles from 41,124 units in the year-ago period. The trend among Nifty sectoral indices was mixed, with Nifty Pharma and Nifty Auto indexes, both up 1 percent, leading the list of gainers. The broader indices outperformed the benchmarks, with the S&P BSE MidCap and SmallCap indices trading 0,3 percent and 0.5 percent higher, respectively.

MARKET UPDATE:Sensex up 200 points at 44,350 level and Nifty hovered above the 13,000-mark

MARKET UPDATE:Sensex up 200 points at 44,350 level and Nifty hovered above the 13,000-mark

Tuesday, December 1, 2020

The Indian benchmark indices were trading nearly half a percent higher today(1st December 2020), amid mixed global cues. Among headline indices, the S&P BSE Sensex was up 200 points at the 44,350 level and the Nifty50 index hovered above the 13,000-mark. Ultratech Cement (up 3%) was the top Sensex gainer, followed by Infosys, Sun Pharma Powergrid, and Bajaj Auto (all up 1%). The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, up 1 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indices were trading half a percent higher, each.

MARKET UPDATE:Sensex up 70 points at 44,330 levels and Nifty hovered around the 13,000-mark

MARKET UPDATE:Sensex up 70 points at 44,330 levels and Nifty hovered around the 13,000-mark

Friday, November 27, 2020

The equity markets in India were trading flat with a positive bias in today's( 27th November 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex was up 70 points at 44,330 levels and the Nifty50 index hovered around the 13,000-mark. NTPC (up 2%) was the top Sensex gainer, followed by Asian Paints, Maruti Suzuki, and Nestle India (all up 1%). Nearly all the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 1 percent.

MARKET UPDATE:Sensex hovered around 43,840 levels and Nifty held the 12,850 mark

MARKET UPDATE:Sensex hovered around 43,840 levels and Nifty held the 12,850 mark

Thursday, November 26, 2020

The markets in India were trading flat with a positive bias, on the back of mixed global cues, in today's(26th November 2020) early deals ahead of the expiry of November series derivative contracts. The S&P BSE Sensex hovered around 43,840 levels and the Nifty50 index held the 12,850. Larsen & Toubro, Bajaj Auto, Mahindra & Mahindra, and Titan (all up 1%) were the top Sensex gainers, Siemens, meanwhile, rose 6 percent after announcing its September quarter results. The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, up 0.9 percent, leading the list of gainers.

MARKET UPDATE:Sensex hit a fresh lifetime high of 44,825 while Nifty surpassed the 13,100-mark

MARKET UPDATE:Sensex hit a fresh lifetime high of 44,825 while Nifty surpassed the 13,100-mark

Wednesday, November 25, 2020

The Indian markets extended their record-breaking run today(25th November 2020) on the back of favourable global cues. Among headline indices, the S&P BSE Sensex rose 250 points to hit a fresh lifetime high of 44,825 while the Nifty50 index surpassed the 13,100-mark. ONGC (up 5%) was the top Sensex gainer, followed by State Bank of India, ICICI Bank, Tata Steel, and Axis Bank (all up 1%). Meanwhile, HDFC Bank joined the elite club of Rs 8-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 1,464 after rising nearly 2 percent today. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, which rose 1.2 percent to an over a 9-month high while surpassing the level of 30,000. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.12 percent and 0.3 percent higher, respectively.

MARKET UPDATE:Sensex gained 300 points at 44,380 levels and Nifty hit 13,000 mark for the first time ever

MARKET UPDATE:Sensex gained 300 points at 44,380 levels and Nifty hit 13,000 mark for the first time ever

Tuesday, November 24, 2020

The Indian benchmark indices logged their respective fresh lifetime highs today(24th November 2020), on the back of favourable global cues. The S&P BSE Sensex gained 300 points at 44,380 levels and the broader Nifty50 index hit the psychological level of 13,000 for the first time ever. Maruti Suzuki gained 2 percent and was the top Sensex gainer. Besides, HDFC Bank, Axis Bank, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra also gained 1 percent, each. All the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 1.3 percent.

MARKET UPDATE:Sensex hovered around 43,880 levels and Nifty gave up 12,950 level

MARKET UPDATE:Sensex hovered around 43,880 levels and Nifty gave up 12,950 level

Monday, November 23, 2020

The equity markets in India pared all gains and were trading flat in today's(23rd November 2020) early deals, dragged largely by financials. Among headline indices, the S&P BSE Sensex hovered around 43,880 levels. The index had risen as high as 44,271, earlier in the day. The Nifty50 index also gave up 12,950. Reliance Industries gained over 3 percent in early deals after the Competition Commission of India cleared RIL's bid to buy Future group's retail, wholesale, and logistics assets amid a legal battle with Amazon. Besides, Bajaj Finserv and IndusInd Bank rose 3 percent each and were among the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.7 percent higher, each.

MARKET UPDATE:Sensex hit a new record high of 44,161 level and Nifty hit new high of 12,934

MARKET UPDATE:Sensex hit a new record high of 44,161 level and Nifty hit new high of 12,934

Tuesday, November 17, 2020

Indian equity indices hit scaled fresh lifetime highs today(17th November 2020) as positive news from Moderna Inc, that its Covid-19 vaccine has a 94.5 percent efficacy rate, boosted investor sentiment. Indices surpassed their previous highs touched on November 14 during the special one-hour Muhurat Trading. Among frontline indices, the S&P BSE Sensex hit a new record high of 44,161 levels in the opening deals, surpassing the previous high of 43,830.93 level. It was, however, later trading around 43,938 levels, up 300 points or 0.7 percent. Tata Steel (up 4 percent), State Bank of India and Bharti Airtel (up 2 percent each), and Reliance Industries (up 1 percent) were the top gainers on the 30-share index. The broader Nifty50, meanwhile, hit a new high of 12,934, but later retreated to 12,882 levels, up 100 points. The index surpassed the previous lifetime high of 12,828.7. Read more

MARKET UPDATE:Sensex fell 210 points to 43,150 levels and Nifty gave up the 12,650 level

MARKET UPDATE:Sensex fell 210 points to 43,150 levels and Nifty gave up the 12,650 level

Friday, November 13, 2020

The markets in India were trading with half a percent cut amid weak global cues. The S&P BSE Sensex fell 210 points, or 0.5 percent, to 43,150 levels and the broader Nifty50 index gave up the 12,650 level. IndusInd Bank and Larsen & Toubro (both down 2%) were the top Sensex losers. On the other hand, Titan, Asian Paints, and Reliance Industries gained 1 percent, each. Meanwhile, Eicher Motors rose 3 percent after announcing its September quarter results. The trend among Nifty sectoral indices was largely negative, with the Nifty Bank index and Nifty Metal index down over percent, each. Five hundred and four companies including ONGC, Tata Steel, Eveready Industries, and Future Retail are set to declare their results today.

Sensex fell 100 points to 43,520 levels and Nifty overed around 12,710 marks

Sensex fell 100 points to 43,520 levels and Nifty overed around 12,710 marks

Thursday, November 12, 2020

The equity markets in India were trading marginally lower, amid mixed global cues, today (12th November 2020). A Reuters report said that the Centre is likely to unveil another stimulus package of about $20 billion this week focusing on stressed sectors, middle-income groups in urban and rural areas, and employment generation before Diwali. Among headline indices, the S&P BSE Sensex fell 100 points to 43,520 levels and the Nifty50 index hovered around 12,710 marks. HDFC, Kotak Mahindra Bank, IndusInd Bank, and ICICI Bank were all trading 1 percent down. On the other hand, M&M and Titan gained 2 and 1 percent, respectively. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1 percent, leading the list of gainers. Eight hundred and eight companies including Eicher Motors, IRCTC, and Jubilant FoodWorks are set to declare their quarterly earnings today.

MARKET UPDATE:Sensex gained 100 points at 42,700 levels and Nifty topped the 12,500-mark

MARKET UPDATE:Sensex gained 100 points at 42,700 levels and Nifty topped the 12,500-mark

Tuesday, November 10, 2020

The markets in India were trading at record high levels for the second consecutive day today(10th November 2020) after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on initial trial results. Among benchmarks, the S&P BSE Sensex gained 100 points at 42,700 levels and the Nifty50 index topped the 12,500-mark. HDFC, ICICI Bank, Larsen & Toubro, and State Bank of India were all up 2 percent each. Meanwhile, Pfizer zoomed 19 percent in early deals on the Covid vaccine-related development. The Nifty sectoral indices were mixed, with gains in the Nifty Bank index, up 1.5 percent, being offset by the Nifty IT index, down 2 percent. Five hundred and thirty-five companies including GAIL India, Mahindra & Mahindra, Hindalco Industries, and Tata Power are scheduled to announce their quarterly earnings today.

MARKET UPDATE:Sensex surged over 600 points to as high as 42,534 and Nifty hit 12,445.2

MARKET UPDATE:Sensex surged over 600 points to as high as 42,534 and Nifty hit 12,445.2

Monday, November 9, 2020

The Indian benchmark indices hit their respective fresh lifetime highs after making a firm start today(9th November 2020) as clarity emerged on the US presidential polls front. Among the headline indices, the S&P BSE Sensex surged over 600 points to as high as 42,534 and the Nifty50 index hit 12,445.2, surpassing their previous record highs of 42,273.87 and 12,430.5, respectively, hit in January 2020. ICICI Bank, Infosys, HCL Tech, and Powergrid rose 2 percent each and were the top Sensex gainers. All the BSE constituents were trading in the green. The Nifty sectoral indices were also painted green, led by gains in the Nifty Bank index, up 1.6 percent. Two hundred and fifty-three companies, including Equitas Small Finance Bank, IndiaMART InterMESH, and JK Cement, are set to announce their September quarter earnings today.

MARKET UPDATE:Sensex gained 300 points at 41,650 levels and Nifty topped the 12,200-mark

MARKET UPDATE:Sensex gained 300 points at 41,650 levels and Nifty topped the 12,200-mark

Friday, November 6, 2020

The equity markets in Indian were trading firm today's(6th November 2020) early deals, up over half a percent, amid mixed global cues. The S&P BSE Sensex gained 300 points at 41,650 levels and the Nifty50 index topped the 12,200-mark. Reliance Industries was up 2 percent after the conglomerate said that Saudi Arabia’s Public Investment Fund will invest Rs 9,555 crore for a 2.04 percent equity stake in Reliance Retail. Besides, Bajaj Finserv and HDFC were also up 1 percent each. The Nifty sectoral indices were trading mixed. In the broader market, the S&P BSE MidCap and SmallCap indexes were up 0.6 percent, each. Two hundred and nineteen companies including ITC, Cipla, Ashok Leyland, and Bank of India are scheduled to declare their quarterly earnings today. Read more

MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark

MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark

Thursday, November 5, 2020

The equity markets in India made a firm start today(5th November 2020), up over 1 percent, amid favourable global cues as Democrat candidate Joe Biden inched closer to the win in the US Presidential Elections 2020. The S&P BSE Sensex gained 500 points at 41,144 levels while the broader Nifty50 index topped the 12,000-mark for the first time since October 21, 2020. The Nifty50 index rose to above 12,050 level, the highest level in more than eight months. Among individual stocks, SBI rose over 6 percent, after the Q2 results, and was the top Sensex gainer, followed by HCL Tech (up 4 percent). Besides, other tech stocks Tech Mahindra and Infosys were also up 2 percent each. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 3 percent. The broader markets were also up, but not to the extent of the benchmarks. The S&P BSE MidCap and SmallCap indexes were both ruling 0.8 percent higher. Read more

MARKET UPDATE:Sensex gained 280 points to 40,530 levels and Nifty was above the 11,850-mark

MARKET UPDATE:Sensex gained 280 points to 40,530 levels and Nifty was above the 11,850-mark

Wednesday, November 4, 2020

The Indian equity markets rose over half a percent today(4th November 2020) as early trends showed Democratic candidate Joe Biden racing ahead of Republican Donald Trump in the US presidential elections. Among the headline indices, the S&P BSE Sensex gained 280 points, or 0.7 percent, to 40,530 levels and the Nifty50 index was above the 11,850-mark. Infosys, Sun Pharma, and HCL Tech (all up 3%) were the top Sensex gainers. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 2 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indices were up half a percent, each. Ninety-one companies including State Bank of India, Lupin, and Adani Enterprises, are scheduled to announce their quarterly results today. Read more

MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark

MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark

Tuesday, November 3, 2020

The equity markets in India were trading firm today, up over 1 percent, on the back of favourable global cues, ahead of the US presidential polls. Among the headline indices, the S&P BSE Sensex gained 400 points, or 1.1 percent, to 40,190 levels and the Nifty50 index was testing the 11,800-mark. ICICI Bank (up 4%) was the top Sensex gainer, followed by State Bank of India, IndusInd Bank, and HDFC Bank (all up 2%). NTPC also ticked up in early deals after its board approved the buyback of 197.8 million equity shares at a price of Rs 115 per unit. All the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 2 percent, which was trading at its highest level since March 13. Read more

MARKET UPDATE:Sensex dipped 90 points at 39,500 levels and the Nifty neared the 11,600-mark

MARKET UPDATE:Sensex dipped 90 points at 39,500 levels and the Nifty neared the 11,600-mark

Monday, November 2, 2020

The equity markets in India pared its early gains and slipped into the red in today's(2nd November 2020) volatile session, ahead of the Supreme Court hearing in the interest waiver case. The S&P BSE Sensex dipped 90 points at 39,500 levels and the Nifty50 index neared the 11,600-mark. ICICI Bank rose over 6 percent after announcing its September quarter results. The stock was the top Sensex gainer. Besides, IndusInd Bank was also up 3 percent. On the other hand, Reliance Industries dipped 4 percent post Q2 results. The Nifty sectoral indices were trading largely in the green, led by the Nifty Bank index, up 1.3 percent. in the broader market, the S&P BSE MidCap index was up 0.2 percent while the SmallCap index fell 0.4 percent. Equitas Small Finance Bank will debut on the bourses today after the issue price was fixed at Rs 33 per share. The Rs 518 crore public issue was subscribed to 1.95 times. Read more

MARKET UPDATE:Sensex dipped 250 points to 39,630 levels and the Nifty fell below 11,650-mark

MARKET UPDATE:Sensex dipped 250 points to 39,630 levels and the Nifty fell below 11,650-mark

Thursday, October 29, 2020

The equity markets in India fell over half a percent today(29th October 2020), on weak global cues, ahead of the expiry of the October series derivative contracts. The S&P BSE Sensex dipped 250 points to 39,630 levels and the Nifty50 index fell below 11,650-mark. Larsen & Toubro slid 4 percent after announcing its September quarter results. The stock was the top Sensex loser in early deals. Besides, Titan (down 3%) and Tech Mahindra (down 2%) were the other main drags. The Nifty sectoral indices were a sea of red, with Nifty Bank, Nifty Auto, Nifty IT, and Nifty Metal all trading with over 1 percent cut. In the broader market, the S&P BSE MidCap and SmallCap indexes were down half a percent and 1 percent, respectively. Eighty -two companies including Maruti Suzuki, BPCL, Bank of Baroda, Vodafone Idea, and InterGlobe Aviation, are scheduled to declare their quarterly earnings today. Read more

MARKET UPDATE:Sensex up 80 points at 40,590 levels and the Nifty reclaimed the 11,900-mark

MARKET UPDATE:Sensex up 80 points at 40,590 levels and the Nifty reclaimed the 11,900-mark

Wednesday, October 28, 2020

The equity markets in India were trading flat with a positive bias in today's(28th October 2020) early morning deals after a volatile start. The S&P BSE Sensex was up 80 points, or 0.2 percent, at 40,590 levels and the broader Nifty50 index reclaimed the 11,900-mark. Bharti Airtel surged 10 percent after announcing its September quarter results. Besides, Mahindra & Mahindra, Axis Bank, and Reliance Industries (all up 1%) were the other top gainers. On the other hand, Kotak Mahindra Bank, HDFC, and Ultratech Cement (all down over 1%) were the top Sensex laggards. Hero MotoCorp was also up 4 percent after it announced a wide-ranging partnership with Harley-Davidson for the Indian market. The Nifty sectoral indices were mixed, with gains in the Nifty IT index, up 0.7 percent, being offset by the Nifty Financials index, down 0.6 percent. Read more

MARKET UPDATE: Sensex hovered around 40,050 levels, and Nifty gave up the 11,750 level

MARKET UPDATE: Sensex hovered around 40,050 levels, and Nifty gave up the 11,750 level

Tuesday, October 27, 2020

The markets in India turned flat in today's(27th October 2020) volatile start on the back of weak global cues. Among headline indices, the S&P BSE Sensex hovered around 40,050 levels, and the Nifty50 index gave up the 11,750 level. Kotak Mahindra Bank, up 5 percent, was the top Sensex gainer, followed by NTPC (up 4%) and Nestle India (up 2%). The trend among Nifty sectoral indices was largely in the red, led by the Nifty PSU Bank index, down 1.2 percent. In the broader market, the S&P BSE MidCap index was up 0.2 percent while the SmallCap index fell by 0.2 percent. Thirty-seven companies including Bharti Airtel, Tata Motors, and Amara Raja Batteries are scheduled to announce their September quarter earnings today. Read more

MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark

MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark

Monday, October 26, 2020

The Indian benchmark indices dipped slightly in today's(26th October 2020) early deals, tracking mixed cues in other Asian markets. The S&P BSE Sensex slipped 150 points, or 0.36 percent, to 40,540 levels and the Nifty50 index slipped below the 11,900-mark. Tech Mahindra (down 2%) and Reliance Industries (down 1%) were the top Sensex drags. On the other hand, IndusInd Bank gained 4 percent on a report that Kotak Mahindra Bank was exploring an all-stock takeover of the bank. Meanwhile, Nestle India rose as high as 2 percent after the announcement of its September quarter results. The trend among the Nifty sectoral indices was largely negative, with the Nifty Metal index, down 1 percent leading the list. In the broader market, the S&P BSE Sensex slipped 0.14 percent while the S&P BSE SmallCap index gained 0.3 percent. Read more

MARKET UPDATE:Sensex rose 140 pointsto 40,700 levels and the Nifty testing 12,000-mark

MARKET UPDATE:Sensex rose 140 pointsto 40,700 levels and the Nifty testing 12,000-mark

Friday, October 23, 2020

The markets in India advanced close to half a percent in today's(23rd October 2020) early deals, in line with the overnight gains in the main Wall Street indices. The S&P BSE Sensex rose 140 points, or 0.35 percent, to 40,700 levels and the Nifty50 index was testing the psychological mark of 12,000. Tata Steel (up 2%), ICICI Bank, HDFC Bank, and Bharti Airtel (all up 1%) were the top Sensex gainers. Meanwhile, SBI Cards plunged 10 percent after announcing its September quarter results. All the Nifty sectoral indices were trading higher, led by the Nifty Bank index, up 1 percent. The broader market tracked the gains in the headline indices, with the S&P BSE MidCap and SmallCap indices trading half a percent higher, each. Tech Mahindra, Nestle India, Yes Bank, and ICICI Lombard General Insurance Company are among the 38 companies set to announce quarterly earnings today. Read more

MARKET UPDATE:Sensex fell 116 points to 40,590 levels and Nifty hovered around 11,900-mark

MARKET UPDATE:Sensex fell 116 points to 40,590 levels and Nifty hovered around 11,900-mark

Thursday, October 22, 2020

The benchmark indices in India were trading with marginal cuts today(22nd October 2020), on the back of weak global cues. Among the headline indices, the S&P BSE Sensex fell 116 points to 40,590 levels and the Nifty50 index hovered around 11,900-mark. ICICI Bank, PowerGrid, and Asian Paints (all down 1%) were the top Sensex laggards. On the other hand, Bajaj Finserv gained 2 percent after the announcement of its September quarter results. Meanwhile, Vedanta rose 5 percent after announcing that the company's board of directors will meet on October 24 to consider interim dividend. The Nifty sectoral indices were largely in the red, with the Nifty Pharma index, down 1 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.2 percent higher, each. Forty-eight companies including Asian Paints, Bajaj Auto, Bharti Infratel, and SBI Cards are set to announce their quarterly earnings today. Read more

MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark

MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark

Monday, October 19, 2020

The Indian equity markets started today (19th October 2020) on a strong footing, with the benchmark indices rising nearly one percent, amid positive cues from Asian indices. Among headline indices, the S&P BSE Sensex gained 350 points, or 0.88 percent, to 40,330 levels and the Nifty50 index topped the 11,850-mark. HDFC Bank rose as much as 3 percent after reporting a healthy set of September quarter results. Besides, ONGC (up 4%), ICICI Bank, and HDFC (both up 2%) were the other top Sensex gainers. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Financial Service index, up 1.3 percent In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 and 0.5 percent higher, each. Twenty-one companies including ACC, Britannia Industries, and HDFC Life are set to report their quarterly earnings today.

MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark

MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark

Friday, October 16, 2020

Markets in India were steady and trading nearly a percent higher today morning(16th October 2020). Among headline indices, the S&P BSE Sensex rose 350 points, or 0.9 percent, to 40,080 levels and the Nifty50 index reclaimed the 11,750-mark. IndusInd Bank and Infosys (up 2% each) were the top Sensex gainers, followed by Tata Steel and HDFC Bank (both up 1%). Meanwhile, HCL Tech slipped over 4 percent after the announcement of its September quarter results. All the Nifty sectoral indices were trading in the green, led by Nifty IT and Nifty Bank indexes, both up 1 percent, each. In the broader market, the S&P BSE MidCap and SmallCap indices were both up half a percent, each. Six companies, including Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today.

MARKET UPDATE:Sensex down 90 points around 40,700 levels and Nifty hovered around 11,950

MARKET UPDATE:Sensex down 90 points around 40,700 levels and Nifty hovered around 11,950

Thursday, October 15, 2020

The benchmark indices in India were trading lower today(15th October 2020) after quickly giving up the opening gains. The S&P BSE Sensex was trading around 40,700 levels, down 90 points, and the Nifty50 hovered around 11,950. Infosys gained 4 percent after delivering a healthy set of numbers in the second quarter of FY21. Besides, Tata Steel (up 2%), ONGC, and NTPC (both up 1%) were the other top Sensex gainers. The trend among the Nifty sectoral indices was mixed, with the Nifty Bank index, down 0.7 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indices were both up 0.2 percent, each. Oil and gas pipeline infrastructure service provider Likhitha Infrastructure will list its shares on bourses today, with the final issue price fixed at Rs 120 per share. Overall, the issue was subscribed to 9.51 times, and analysts expect the issue to see a muted listing. Read more

MARKET UPDATE:Sensex dipped 100 points to 40,520 levels and the Nifty hovered around 11,900 levels

MARKET UPDATE:Sensex dipped 100 points to 40,520 levels and the Nifty hovered around 11,900 levels

Wednesday, October 14, 2020

The markets in India were trading with slight cuts on today(14th October 2020), in line with the trend in Asian indices, ahead of the Supreme Court hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among the headline indices, the S&P BSE Sensex dipped 100 points to 40,520 levels and the Nifty50 index hovered around 11,900 levels. ONGC, PowerGrid, NTPC, and IndusInd Bank (all down 1 percent) were the top Sensex laggards. On the other hand, Tata Steel gained 1 percent. Wipro slipped 5 percent despite improving its performance in the second quarter of FY21 on several parameters. Karnataka Bank, on the other hand, rose 5 percent after announcing its September quarter results. Sixteen companies including Infosys, Tata Elxsi, and Den Networks are scheduled to declare their September quarter earnings today. Infosys is expected to report a strong set of numbers for the quarter, mainly led by the ramp-up of large deal wins.

MARKET UPDATE:Sensex down 30 points around 40,550 levels and Nifty hovered around 11,900-mark

MARKET UPDATE:Sensex down 30 points around 40,550 levels and Nifty hovered around 11,900-mark

Tuesday, October 13, 2020

The markets in India were trading flat with a negative bias today(13th October 2020) ahead of the Supreme Court's hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among headline indices, the S&P BSE Sensex was trading around 40,550 levels, down 30 points, and the Nifty50 index hovered around 11,900-mark. ICICI Bank, IndusInd Bank, and Axis Bank (all down 1%) were the top Sensex laggards. On the other hand, Bharti Airtel gained 2 percent after Trai's released the subscription data for July. Ultratech Cement and Tata Steel were also up 1 percent each. The trend among Nifty sectoral indices was mixed, with the Nifty Private Bank index, down 0.9 percent, leading the list of losers. Read more

MARKET UPDATE:Sensex dipped 50 points to 40,140 levels and the hovered around 11,850-mark

MARKET UPDATE:Sensex dipped 50 points to 40,140 levels and the hovered around 11,850-mark

Friday, October 9, 2020

In Indian markets, the benchmark indices fluctuated between gains and losses today(9th Oct.2020) as RBI Governor Shaktikanta Das began the monetary policy address. The S&P BSE Sensex dipped 50 points to 40,140 levels after earlier rising to 40,320 levels. The Nifty50 index, meanwhile, hovered around 11,850-mark. Tata Steel (up 2%), Bharti Airtel, Larsen & Toubro, and Mahindra & Mahindra (all up 1%) were the top Sensex gainers. On the other hand, TCS and Reliance Industries slipped 0.7 percent, each. Besides, Lakshmi Vilas Bank surged 15 percent after the bank received an indicative non-binding offer from the Clix Group. The Nifty sectoral indices were trading largely in the green, led by the Nifty Metal index, up 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.3 percent, each. Five companies including Rashtriya Chemicals & Fertilizers, and Steel Strips Wheels are scheduled to announce their quarterly earnings today.

MARKET UPDATE:Sensex up 400 points to 40,300 levels and the Nifty testing the 11,850-mark

MARKET UPDATE:Sensex up 400 points to 40,300 levels and the Nifty testing the 11,850-mark

Thursday, October 8, 2020

The markets in India started today's(8th October 2020) session on a strong footing, up 1 per cent, with major contribution from IT stocks. The S&P BSE Sensex was up 400 points to 40,300 levels and the Nifty50 index was testing the 11,850-mark. TCS gained 4 per cent after exceeding analysts' expectations on all fronts in its September quarter earnings. Wipro was also up 4 per cent after announcing that it will consider share buyback programme. Besides, Infosys and Tech Mahindra also gained 3 per cent and 2 per cent each, respectively. All the Nifty sectoral indices were trading in the green, led by Nifty IT index, up 3 per cent. In the broader market, the S&P BSE MidCap and SmallCap index were both trading half a per cent higher. seven companies including 5paisa Capital, GM Breweries, and Prabhat Dairy are scheduled to announce their September quarter earnings today.

MARKET UPDATE:Sensex dipped 80 points at 39,500 levels and the Nifty hovered below the 11,650-mark

MARKET UPDATE:Sensex dipped 80 points at 39,500 levels and the Nifty hovered below the 11,650-mark

Wednesday, October 7, 2020

The markets in India opened flat with a negative bias today(7th October 2020), amid mixed cues from other Asian markets. Among the headline indices, the S&P BSE Sensex dipped 80 points at 39,500 levels and the Nifty50 index hovered below the 11,650-mark. Bajaj Finance dipped 3 percent and was the top Sensex drag after it gave a business update for the quarter ended September 2020. Besides, IndusInd Bank and Bajaj Finserv also slipped 2 percent each. On the other hand, Reliance Industries gained 1 percent after announcing that the Abu Dhabi Investment Authority would invest Rs 5,512 crore into Reliance Retail Ventures for a 1.2-per cent stake. TCS was also trading 1 percent higher ahead of its September quarter results announcement. The trend among Nifty sectoral indices was largely negative, led by the Nifty Private Bank index, down 1 percent. Read more

MARKET UPDATE:Sensex gained 300 points to 39,270 levels and the Nifty reclaimed the 11,600 mark

MARKET UPDATE:Sensex gained 300 points to 39,270 levels and the Nifty reclaimed the 11,600 mark

Tuesday, October 6, 2020

Markets in India rose over half a percent in today's(6th October 2020) early deals, on firm global cues. The S&P BSE Sensex gained 300 points to 39,270 levels and the Nifty50 index reclaimed the 11,600 marks. HDFC and IndusInd Bank gained 5 percent and 3 percent, respectively, after posting business updates. Meanwhile, Tata Motors also ticked up 3 percent as Jaguar Land Rover reported a 50 percent growth in September quarter sales at 1.13 lakh vehicles on a sequential basis. Britannia Industries gained 1 percent after its board has approved a bonus debenture issue and dividend. The trend among Nifty sectoral indices was largely positive, led by the Nifty Bank index, up 1.5 percent. In the broader market, the S&P MidCap and SmallCap indexes were trading 0.7 percent and 0.6 percent higher, respectively.

MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark

MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark

Monday, October 5, 2020

The markets in India were trading firm, in line with Asian indices, today(5th Oct.2020) on reports that US President Donald Trump could return to the White House today after responding well to Covid-19 treatment. Among headline indices, the S&P BSE Sensex gained 400 points, 1 percent, to 39,140 levels and the Nifty50 index topped the 11,500-mark. TCS and IndusInd Bank (up 5%) were the top Sensex gainers. The trend among Nifty sectoral indices was positive, led by the Nifty IT index, up 1.7 percent. Meanwhile, the volatility index, India VIX, shot up 6 percent. Meanwhile, in the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. One of the largest retail broking houses, Angel Broking, will debut at the bourses today. The issue price is fixed at Rs 306 per share, the higher end of the price band. The IPO was oversubscribed nearly four times.

MARKET UPDATE:Sensex rose 400 points to 38,500 levels, and the Nifty topped the 11,350-mark

MARKET UPDATE:Sensex rose 400 points to 38,500 levels, and the Nifty topped the 11,350-mark

Thursday, October 1, 2020

The markets in India shot up 1 percent today(1st October 2020), on the back of favourable global cues. Among headline indices, the S&P BSE Sensex rose 400 points to 38,500 levels, and the Nifty50 index topped the 11,350-mark. Bajaj Auto and IndusInd Bank (up 3%) were the top Sensex gainers, followed by Bajaj Finance, Axis Bank, and Bajaj Finserv (all up 2%). Reliance Industries gained 1 percent after the company announced that US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in Reliance Retail. PVR and Inox Leisure zoomed 15 and 17 percent, respectively, after the central government allowed the reopening of cinema halls, theatres, and multiplexes with effect from October 15 with a maximum of 50 percent capacity. Besides, ONGC and Oil India dipped 3 percent each after the government cut natural gas prices cut by 25 percent. Read more

MARKET UPDATE:Sensex 90 points higher at 38,069 levels and the Nifty hovering around 11,250-mark

MARKET UPDATE:Sensex 90 points higher at 38,069 levels and the Nifty hovering around 11,250-mark

Tuesday, September 29, 2020

The markets in India were trading flat with a positive bias today(29th Sept.2020), on the back of firm cues from the main Wall Street indices. The S&P BSE Sensex was trading nearly 90 points higher at 38,069 levels and the Nifty50 index was hovering around the 11,250-mark. TCS, Asian Paints, Maruti Suzuki, and Bajaj Auto (all up 1%) were the top Sensex gainers. On the other hand, Powergrid dipped 1 percent in early deals. In the broader market, the S&P BSE MidCap index was trading at 14,738.75, up 0.12 percent while the S&P BSE SmallCap was trading at 14,860, down 0.02 percent.

MARKET UPDATE:Sensex rose 350 points to 37,740 levels and Nifty topped the 11,100-mark

MARKET UPDATE:Sensex rose 350 points to 37,740 levels and Nifty topped the 11,100-mark

Monday, September 28, 2020

The equity markets in India gained nearly one per cent today(28th Sept.2020), tracking positive cues from other Asian markets, ahead of the Supreme Court hearing in the loan moratorium and interest waiver case. Among headline indices, the S&P BSE Sensex rose 350 points to 37,740 levels and the Nifty50 index topped the 11,100-mark. ONGC (up 4%) was the top Sensex gainer, followed by Bajaj Finance (up 3%), NTPC, Axis Bank, and Larsen & Toubro (all up 2%). Meanwhile, Lakshmi Vilas Bank slipped 5 percent after a large section of the bank's shareholders voted against the reappointment of the managing director and chief executive, as well as seven directors and auditors, at the recent AGM. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1.8 percent. The broader indices, meanwhile, outperformed the benchmark indices, with the S&P BSE MidCap and SmallCap indexes trading over 1 per cent higher, each.

MARKET UPDATE:Sensex rose 350 points to 36,910 levels, and the Nifty topped the 10,900-mark

MARKET UPDATE:Sensex rose 350 points to 36,910 levels, and the Nifty topped the 10,900-mark

Friday, September 25, 2020

In Indian markets, benchmark indices gained 1 percent in today's(25th Sept.2020) opening deals, following similar trends in Asian indices. The S&P BSE Sensex rose 350 points to 36,910 levels, and the Nifty50 index topped the 10,900-mark. IndusInd Bank, Mahindra & Mahindra, Bajaj Finance, and TCS (all up 2%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 2 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were also trading 1 percent higher, each.

MARKET UPDATE:Sensex dipped 570 points to 37,090 levels and the Nifty slipped below 11,000 level

MARKET UPDATE:Sensex dipped 570 points to 37,090 levels and the Nifty slipped below 11,000 level

Thursday, September 24, 2020

The Indian markets started the expiry day of September(24th Sept.2020), derivative series on a feeble note, plunging over one percent, on the back of subdued global cues. The S&P BSE Sensex dipped 570 points to 37,090 levels and the Nifty50 index slipped below the psychological level of 11,000. Mahindra & Mahindra, Bajaj Finance, Infosys, Tata Steel, and IndusInd Bank, all slipped over 2 percent and were the top Sensex laggards. All the Nifty sectoral indices were painted red, with Nifty IT and Nifty Metal indexes, down 2 percent each, taking the biggest hit. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 1.75 percent and 1.9 percent lower, respectively.

MARKET UPDATE:Sensex up 340 points at 38,080 levels and the Nity testing the 11,250-mark

MARKET UPDATE:Sensex up 340 points at 38,080 levels and the Nity testing the 11,250-mark

Wednesday, September 23, 2020

Equity markets in India rose half a percent today(23rd Asept.2020), tracking the overnight gains on the major Wall Street indices. The S&P BSE Sensex was up 340 points at 38,080 levels and the Nity50 index was testing the 11,250-mark. Reliance Industries gained 2 percent after the company announced that KKR will invest Rs 5,500 crore for a 1.28 percent stake in Reliance Retail. The stock was the top Sensex gainer, followed by Infosys, Maruti, and IndusInd Bank (all up 1%). All the Nifty sectoral indices, barring the Nifty Metal index, were trading in the green, led by the Nifty Private Bank index, up 0.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.7 percent and 1.2 percent higher, respectively.

MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level

MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level

Monday, September 21, 2020

The Indian benchmark indices were started the expiry week of the September series derivative contracts on a flat note, tracking similar trends from the other Asian markets today(21st Sept.2020) The S&P BSE Sensex hovered around 38,850 and the Nifty50 index was holding the 11,500-level. Tech stocks were the top gainers in the Sensex pack, led by HCL Tech (up 4%). TCS, Tech Mahindra, and Infosys were also up 1 percent each. The trend among the Nifty sectoral indices were largely negative, led by the Nifty PSU Bank index, down half a percent. On the other hand, the Nifty Pharma index was trading 1 percent higher. In the broader market, the S&P BSE MidCap index was trading flat while the SmallCap index was up 0.5 percent. Route Mobile will debut at the bourses today after the finalisation of the issue price at Rs 350 per share. The issue was subscribed over 73 times and is expected to list at a premium of 50-60 percent.

MARKET UPDATE:Sensex dipped 184 points to 39,120 levels and the Nifty fell below the 11,600-mark

MARKET UPDATE:Sensex dipped 184 points to 39,120 levels and the Nifty fell below the 11,600-mark

Thursday, September 17, 2020

The equity markets in India slipped half a percent today(17th Sept.2020) in tune with the losses in other Asian markets. The S&P BSE Sensex dipped 184 points to 39,120 levels and the Nifty50 index fell below the 11,600-mark. ICICI Bank, TCS, and IndusInd Bank were all trading 1 percent lower in early deals. On the other hand, ONGC was up 1 percent. The trend among Nifty sectoral indices was largely negative, led by the Nifty Bank index, down 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading flat. IT services firm Happiest Minds Technologies will make stock market debut today. The Rs 702-crore initial public offering of Happiest Minds Technologies garnered massive responses from investors as it was subscribed to a whopping 151 times.

MARKET UPDATE:Indices flat;Sensex at 39,090 levels, and Nifty at 11,500-mark

MARKET UPDATE:Indices flat;Sensex at 39,090 levels, and Nifty at 11,500-mark

Wednesday, September 16, 2020

The equity markets in India today (16th Sept.2020) were trading flat with a positive bias, tracking mixed cues from other Asian markets. The S&P BSE Sensex added 50 points at 39,090 levels and the Nifty50 index topped the 11,500-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 3%) were the top Sensex gainers. On the other hand, State Bank of India and Axis Bank were trading half a percent lower. Aurobindo Pharma rose 4 percent in early deals after the company announced its collaboration with the Council of Scientific and Industrial Research to develop vaccines to protect against Covid-19. The trend among Nifty sectoral indices was largely positive, led by the Nifty Auto index, up 0.7 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 percent higher, each.

MARKET UPDATE:Sensex hovered around 38,820 levels, and Nifty at 11,450-mark

MARKET UPDATE:Sensex hovered around 38,820 levels, and Nifty at 11,450-mark

Tuesday, September 15, 2020

The equity markets in India climbed off the day's top to trade flat with a positive bias today(15th Sept.2020). The S&P BSE Sensex hovered around 38,820 levels, after rising as high as 39,013 levels intra-day. The Nifty50 index was, meanwhile, holding the 11,450-mark. Sun Pharma and Bajaj Finance (both up 2%) were the top Sensex gainers, followed by NTPC, ICICI Bank, and Tata Steel (all up 1%). The trend among Nifty sectoral indices was positive, led by the Nifty Pharma index, up 2 percent. The broader market, meanwhile, continued to outperform the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.8 percent and 1 percent higher, respectively. Six hundred and forty-two companies including Vedanta, SpiceJet, and Future Enterprises are scheduled to announce their earnings today.

MARKET UPDATE:Sensex up by 335 points at 39,190 levels and Nifty reclaimed the 11,550-mark

MARKET UPDATE:Sensex up by 335 points at 39,190 levels and Nifty reclaimed the 11,550-mark

Monday, September 14, 2020

The equity markets in India were trading firm today(14th Sept.2020), with the Sensex and Nifty gaining over half a percent. Meanwhile, the broader indices outperformed their benchmark peers after the Sebi tweaked rules for multi-cap mutual funds. According to the new norms, multi-cap funds must hold at least 75 percent of their assets in equities with 25 percent each in large, medium, and smaller companies. Consequently, the S&P BSE MidCap index rose 1.18 percent while the S&P BSE SmallCap was up 2 percent. Among the headline indices, the S&P BSE was up 335 points at 39,190 levels and the Nifty50 index reclaimed the 11,550-mark. HCL Tech (4 percent) gained the most after the company raised its guidance. Besides, Reliance Industries (up 1 percent) hit a fresh all-time high. The HDFC twins and IndusInd Bank were also trading 1 percent higher. The Nifty sectoral indices were all trading in the green, led by Nifty IT and Nifty Private Bank indexes, both up 1 percent. Read more

MARKET UPDATE:Volatile session-Sensex hovered around 38,760 points and the Nifty gave up the 11,450-mark

MARKET UPDATE:Volatile session-Sensex hovered around 38,760 points and the Nifty gave up the 11,450-mark

Friday, September 11, 2020

In Indian equity markets, the benchmark indices slipped into the red zone after giving up their modest opening gains in today's(11th Sept.2020) volatile session. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also gave up the 11,450-mark. Titan, HDFC Bank, Kotak Mahindra Bank, and State Bank of India (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries slipped 0.9 percent after the company called the reports about Amazon's interest in Reliance Retail 'speculative'. The Nifty sectoral indices were trading largely in the green, led by the Nifty PSU Bank index, up 0.9 percent. In the broader market, both the S&P BSE MidCap and SmallCap indexes were trading half a percent higher. One hundred and four companies including IRCTC, BHEL, and Adani Green are scheduled to announce their quarterly earnings today.

MARKET UPDATE:Sensex slid 300 points to 38,060 levels and the Nifty gave up the 11,250-mark

MARKET UPDATE:Sensex slid 300 points to 38,060 levels and the Nifty gave up the 11,250-mark

Wednesday, September 9, 2020

Indian equity markets were dragged by over half a percent lower today(9th ASept.2020) mainly due to weak global cues, concerns over India-China tensions, and unwelcome news on the COVID front. The S&P BSE Sensex slid 300 points to 38,060 levels and the Nifty50 index gave up the 11,250-mark. ONGC and Tata Steel (both down 3 percent) were the top Sensex laggards. On the other hand, Reliance Industries rose 1 percent after announcing that Silver Lake would invest Rs 7,500 crore in Reliance Retail. Meanwhile, AstraZeneca Pharma tumbled 12 percent after the company "voluntarily paused" a randomized clinical trial of its coronavirus vaccine in what it called a routine action after a volunteer developed an unexplained illness. IRCTC shares also slid 4 percent in early deals after the company said the government plans to sell about 15-20 percent stake via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. Read more

MARKET UPDATE:Sensex hovered around 38,400 levels;Nifty around 11,350-mark

MARKET UPDATE:Sensex hovered around 38,400 levels;Nifty around 11,350-mark

Tuesday, September 8, 2020

The equity markets in India fluctuated between minor gains and losses today (7th sept.2020) despite firm cues from Asian indices as investors turned cautious on geopolitical concerns. According to reports, incidents of firing were reported overnight on the Line of Actual Control in Eastern Ladakh sector where troops of India and China have been engaged in a stand-off for over three months. The S&P BSE Sensex hovered around 38,400 levels, and the Nifty50 index was around the 11,350 mark. Powergrid (down 1%) was the top Sensex loser, followed by Nestle, Titan, and HDFC (all down over half a percent). Bharat Dynamics plunged 12 percent as the government is set to sell a 15 percent stake in the defense company through an offer for sale today and tomorrow at a floor price of Rs 330 per share. The trend among the Nifty sectoral indices was largely negative, with the Nifty PSU Bank index, down half a percent, leading the list of losers. Read more

MARKET UPDATE:Volatile session;Sensex down by 200 points around 38,150 levels;Nifty near 11,300-mark

MARKET UPDATE:Volatile session;Sensex down by 200 points around 38,150 levels;Nifty near 11,300-mark

Monday, September 7, 2020

The equity markets in India were trading lower in today's (7th sept.2020) volatile session, with financials and FMCG stocks pressuring the benchmark indices. The S&P BSE Sensex hovered around 38,150 levels, down 200 points, and the Nifty50 index was near the 11,300-mark. Titan, IndusInd Bank, and Maruti (all up 1%) were the top Sensex gainers. On the other hand, Mahindra & Mahindra dipped 2 percent. Vodafone Idea surged 10 percent ahead of the company's strategic announcement today. The Nifty sectoral indices were trading mixed, with the Nifty Bank index, down 0.5 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. Fifty-two companies are expected to report their earnings including CG Power, General Insurance Corporation of India, and Parag Milk Foods.

MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400

MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400

Friday, September 4, 2020

The equity markets in India today(4th September 2020), in tune with the overnight plunge in the US markets, were trading over one percent lower amid across-the-board selling. The S&P BSE Sensex dipped 456 points, or 1.17 percent, to 38,560 levels and the Nifty50 index gave up the psychological level of 11,400. ICICI Bank, State Bank of India, and IndusInd Bank, all cracked 2 percent each and were the top Sensex losers. All 30 constituents of Sensex were trading in the red. All the Nifty sectoral indices were painted red, led by the Nifty Bank index which fell 2.5 percent. The broader markets mirrored the losses in the benchmarks, with both the S&P BSE MidCap and SmallCap indexes trading with nearly one and a half percent cut. Sixty-eight companies including Nalco, Future Retail, and Jubilant Life Sciences, are scheduled to announce their June quarter earnings today.

MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark

MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark

Thursday, September 3, 2020

The equity markets in India were trading flat with a positive bias today(3rd September 2020), amid favourable cues from other Asian markets. The S&P BSE Sensex rose 70 points, or 0.18 percent, to 39,150 levels and the Nifty50 index was testing the 11,600-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 1%) were the top Sensex gainers. On the other hand, Bajaj Finance and ICICI Bank slipped 1 percent each. Among other individual stocks, aviation stocks were flying high after the central government permitted Indian airlines to increase the number of passenger flights to 60 percent of their pre-COVID capacity. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up 1 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. Read more

MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark

MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark

Wednesday, September 2, 2020

The equity markets in India were trading flat on today(2nd September 2020). Among the benchmark indices, the S&P BSE Sensex hovered around 38,870 levels and the Nifty50 index was trading near 11,490-mark. ONGC gained over 2 percent after the announcement of its June quarter results and was the top Sensex gainer in the early deals. UltraTech Cement, Tech Mahindra, and Tata Steel (all up 1%) were the other top gainers. On the other hand, Bajaj Auto and Kotak Mahindra Bank dipped 1 percent each. Shares of Vodafone Idea leaped 14 percent after the company announced a board meeting on September 4 to consider fundraising. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 0.9 percent, being the major drag. In the broader market, the S&P BSE MidCap index was trading 0.7 percent higher and the SmallCap index was ruling 1 percent up. Read more

MARKET UPDATE:Sensex climbed 450 points to reclaim 39,000-level and Nifty testing the 11,500-mark

MARKET UPDATE:Sensex climbed 450 points to reclaim 39,000-level and Nifty testing the 11,500-mark

Tuesday, September 1, 2020

The historic fall in Q1 GDP growth did not dampen the sentiment of investors who sent the benchmark indices near a percent higher in today's (1st September 2020) early deals ahead of the Supreme Court's verdict on AGR. The S&P BSE Sensex climbed 350 points, or 0.92 percent, and reclaimed the 39,000-level and the Nifty50 index was testing the 11,500-mark. IndusInd Bank (up 4%), Tata Steel, State Bank of India, and Bajaj Finance (all up 2%) were the top Sensex gainers. On the other hand, ONGC dipped 3 percent. The Supreme court is set to deliver decisions on three key issues: the tenure for staggered payment of AGR dues, whether or not Reliance Jio has to pay the hefty AGR dues bill of Rcom, and Bharti Airtel, that of Aircel and Videocon. And three, whether banks can, as creditors, transfer spectrum to a new buyer under IBC, without first taking cognizance of the dues of the government. Read more

MARKET UPDATE:Sensex zooms 400 points to 39,870 levels and Nifty hovered around 11,780 levels

MARKET UPDATE:Sensex zooms 400 points to 39,870 levels and Nifty hovered around 11,780 levels

Monday, August 31, 2020

Equity markets in India today(31st August 2020) gained one percent in early deals, lifted by financials, ahead of the release of Q1 GDP data later in the day. Among the benchmark indices, the S&P BSE Sensex was trading 400 points higher at 39,870 levels after briefly reclaiming the psychological level of 40,000, earlier in the session. The Nifty50 index hovered around 11,780 levels. IndusInd Bank (up 5%, Axis Bank, ONGC, and HDFC Bank (all up 2%) were the top Sensex gainers. On the other hand, Bharti Airtel dipped 1 percent. Reliance Industries rose 2 percent and Future Retail surged as much as 20 percent after Reliance Industries announced the acquisition of retail & wholesale business and the logistics & warehousing business of the Future Group. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 1.5 percent. Read more

MARKET UPDATE:Sensex up 220 points at 39,334 levels and Nifty topped the 11,600-mark

MARKET UPDATE:Sensex up 220 points at 39,334 levels and Nifty topped the 11,600-mark

Friday, August 28, 2020

Equity markets in India today(28th August 2020) were trading firm, up to half a percent, on the first day of the September F&O series, with financials contributing majorly to the gains. The S&P BSE Sensex was trading 220 points up at 39,334 levels and the Nifty50 index topped the 11,600-mark. Axis Bank (up 4%) and Larsen & Toubro (up 2%) were the top Sensex gainers. GMR Infra shot up 10 percent after the company said the Group would separately list its airport business. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 2 percent. In the broader market, the S&P BSE MidCap was trading 0.8 percent higher and the SmallCap index was up 0.4 percent. Eighty-one companies, including Khadi India, and Archies, are scheduled to announce their June quarter results today.

MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level

MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level

Thursday, August 27, 2020

The markets in India today(27th August 2020) rose half a percent ahead of the expiry of the August series derivative contracts. The S&P BSE Sensex was up 200 points at 39,260 levels, and the Nifty50 index reclaimed the crucial psychological level of 11,600. IndusInd Bank (up 2%) was the top Sensex gainer, followed by HDFC (up 1%). Hindustan Aeronautics tanked 11 percent in early deals after the company said that the government plans to sell as much as 15 percent stake in the company through a public offering of shares. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 0.9 percent. The broader markets tracked the benchmarks' gain, with the S&P BSE MidCap and SmallCap indices trading 0.6 percent higher, each. Fifty-one companies including NMDC and Avanti Feeds are scheduled to announce their June quarter results today.

MARKET UPDATE:Sensex flat, Nifty around 11,500

MARKET UPDATE:Sensex flat, Nifty around 11,500

Wednesday, August 26, 2020

The markets in India today(26th August 2020) were trading flat with a positive bias, on the back of mixed global cues. The S&P BSE gained 72 points at 38,910 levels and the Nifty50 index hovered around 11,500-mark. Bajaj Auto (up 3%) was the top Sensex gainer, followed by PowerGrid, Mahindra & Mahindra, and Bajaj Finserv (all up 2% each). On the other hand, Bharti Airtel dipped 1 percent in early deals. Can Fin Homes surged 8 percent after announcing its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 1.6 percent. In the broader market, the S&P BSE MidCap as well as the SmallCap index were both up 0.5 percent each. Thirty-one companies, including Indraprastha Gas and Gillette India, are scheduled to announce their June quarter results today.

MARKET UPDATE:Indices at 6-month high;Sensex up 166 pts to 38,960 levels, Nifty reclaimed 11,500-level

MARKET UPDATE:Indices at 6-month high;Sensex up 166 pts to 38,960 levels, Nifty reclaimed 11,500-level

Tuesday, August 25, 2020

The markets in India today(25th August 2020) rose half a percent to the highest level in the last six months, due to firm global cues. The S&P BSE Sensex was up 166 points, or 0.43 percent, at 38,960 levels and the Nifty50 index reclaimed the psychological level of 11,500. IndusInd Bank (up 2%) was the top Sensex gainer, followed by State Bank of India, Axis Bank, and Asian Paints (all up 1%). Max Financial Services surged 10 percent after Axis Bank said it has reduced the size of the stake that it plans to buy in Max Life Insurance to 17 percent from 29 percent. All the Nifty sectoral indices, except Nifty IT index, were trading in the green, led by Nifty PSU Bank index, up 1 percent. The broader markets, once again, outperformed the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.7 and 0.8 percent higher, respectively. Seventy-six companies including Can Fin Homes, Atul Auto are scheduled to announce their June quarter results today.

MARKET UPDATE:Sensex climbed 206 pts to 38,640 levels, Nifty topped 11,400-mark

MARKET UPDATE:Sensex climbed 206 pts to 38,640 levels, Nifty topped 11,400-mark

Monday, August 24, 2020

The markets in India climbed half a percent today(24th August 2020), lifted mainly by financials. The S&P BSE Sensex rose 206 points, or 0.5 percent, to 38,640 levels and the Nifty50 index topped the 11,400-mark. Kotak Mahindra Bank gained the most 2 percent, followed by HDFC Bank, IndusInd Bank, and State Bank of India (all up 1 percent each). On the stock-specific front, Gautam Adani-led Adani Group gained 3 percent as it is set to acquire a 74 percent stake in Mumbai International Airport with the current operator settling its disputes with its minority partner and exiting the venture. The Nifty sectoral indices were largely in the green, led by the Nifty Bank index, up 1.4 percent. The broader markets continued their outperformance with the S&P BSE MidCap and SmallCap indexes ruling 0.6 percent and 1 percent higher, respectively. Read more

MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark

MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark

Friday, August 21, 2020

The markets in India rose over half a percent today(21st August 2020), following the firm trend in the Asian markets. The S&P BSE Sensex jumped 312 points, or 0.82 percent, to 38,530 levels, and the Nifty50 index reclaimed the 11,400-mark. PowerGrid (up 3%), NTPC, and SBI (both up 2%) were the top Sensex gainers. Among other individual stocks, GMM Pfaudler surged over 8 percent in early deals after it said it has acquired a 54 percent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.6 percent. Meanwhile, the broader markets kept up their outperformance, with the S&P BSE MidCap and SmallCap indexes both trading over 1 percent higher. Fifty-one companies including PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter results today.

MARKET UPDATE:Sensex down 250 pts, Nifty hovered around 11,300-mark

MARKET UPDATE:Sensex down 250 pts, Nifty hovered around 11,300-mark

Thursday, August 20, 2020

The equity markets in India languished in today's late morning session, with financials dragging the indices. The S&P BSE Sensex was trading 278 points, or 0.72 percent, lower at 38,340 levels and the Nifty50 index hovered around 11,300-mark. ICICI Bank, down 2%, was the top Sensex loser, followed by IndusInd Bank, Larsen & Toubro, and ONBC (all down over 1%). On the other hand, IT stocks -- TCS, Infosys, and HCL Tech -- were among the few Sensex stocks trading in the green. The trend among Nifty sectoral indices was largely in the red, with the Nifty Bank, Nifty Financials, and Nifty Metal indexes all trading over 1 percent lower. The broader market, however, quickly erased the opening losses. The S&P BSE MidCap index turned flat while the SmallCap index inched into the green. Read more

MARKET UPDATE:Sensex rose 227 pts, Nifty hovered around 11,450-mark

MARKET UPDATE:Sensex rose 227 pts, Nifty hovered around 11,450-mark

Wednesday, August 19, 2020

The equity markets in India were trading half a percent higher today(19th August 2020), lifted by gains in some heavyweight stocks. The S7p BSE Sensex rose 227 points, or 0.6 percent, to 38,740 levels and the Nifty50 index hovered around the 11,450-mark. SBI (up 2%) was the top Sensex gainer, followed by ICICI Bank and Larsen & Toubro (both up 1%). Reliance Industries also climbed 1 percent in early deals after announcing the acquisition of a majority equity stake in online pharmacy delivery startup Netmeds for a cash consideration of approximately Rs 620 crore. All the Nifty sectoral indices were trading in the green, led by Nifty PSU Bank index, up 1.9 percent. The broader market outperformed the benchmark indices in early deals, with the S&P BSE Midcap and Small Cap indices trading 0.8 percent higher. Thirty-two companies including CSB Bank, Muthoot Finance, are scheduled to announce their June quarter earnings today.

MARKET UPDATE:Sensex gains 200 pts, Nifty tops 11,300

MARKET UPDATE:Sensex gains 200 pts, Nifty tops 11,300

Tuesday, August 18, 2020

The equity markets in India were trading half a percent higher today(18th August 2020), helped majorly by heavyweight Reliance Industries. The S&P BSE Sensex was trading 213 points higher at 38,260 levels and the Nifty50 index reclaimed the 11,300-mark. Reliance Industries (up 1.9 percent) was the top Sensex gainer, followed by ONGC, NTPC, and ICICI Bank (all up 1% each). On the other hand, HDFC Bank dipped 1 percent in early deals after US-based Rosen Law Firm said it plans to investigate potential securities claims against the bank following allegations of sharing "materially misleading business information" with investors. Bandhan Bank also gained 2 percent after the RBI lifted the restrictions imposed on the remuneration of the bank's MD & CEO. The trend among Nifty sectoral indices was positive, led by Nifty Financial Services, up 0.5 percent. Read more

MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark

MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark

Monday, August 17, 2020

The equity markets in India erased their opening gains and were trading flat with negative bias today(17th August 2020), following the mixed trend in Asian indices. The S&P BSE Sensex was trading 77 points lower at 37,800 levels after rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 percent each. Meanwhile, Glenmark Pharma surged as much as 7 percent after posting an over two-fold increase in consolidated net profit in June 2020 quarter. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 percent, leading the list of gainers. Thirty-seven companies, including Can Fin Homes, Petronet LNG, and Suven Pharmaceuticals, are set to report their quarterly earnings today.

MARKET UPDATE:Sensex up by 152 points at 38,460 levels and the Nifty hovered around the 11,350-mark

MARKET UPDATE:Sensex up by 152 points at 38,460 levels and the Nifty hovered around the 11,350-mark

Friday, August 14, 2020

The equity market in India edged up half a percent today(14th August 2020) ahead of the SC hearing on telcos' AGR dues later in the day. The S&P BSE Sensex added 152 points at 38,460 levels and the Nifty50 index hovered around the 11,350-mark. Reliance Industries, Larsen & Toubro, and Sun Pharma (all up 1%) were the top Sensex gainers. Besides, Eicher Motors slipped over 2 percent in early deals after posting a net loss of Rs 55 crore in the June quarter results (Q1FY21). Hero MotoCorp was also trading lower after reporting a 95 percent YoY dip in Q1 net profit. The Nifty sectoral indices were trading largely in the green, led by the Nifty Pharma index, up 0.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.12 and 0.58 percent higher, respectively. Read more

MARKET UPDATE:Sensex up by 120 points at 38,490 levels and the Nifty at 11,350-mark

MARKET UPDATE:Sensex up by 120 points at 38,490 levels and the Nifty at 11,350-mark

Thursday, August 13, 2020

The equity market in India was trading with slim gains on Thursday, lifted primarily by metal stocks. Among the headline indices, the S&P BSE Sensex was up 120 points at 38,490 levels and the Nifty50 index topped the 11,350 marks. TCS, SBI, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Bharti Airtel dipped over 4 percent in early deals. Aurobindo Pharma also fell 4 percent despite reporting a 22.8 percent YoY rise in consolidated profit at Rs 780.7 crore in the June quarter. Indiabulls Group stocks gained after Sameer Gehlaut stepped down as the company's executive chairman with immediate effect. The trend among Nifty sectoral indices was largely in the green, led by Nifty Metal index, up 2 percent, The broader indices outperformed their benchmark peers with the S&P BSE MidCap and the SmallCap index trading 0.8 percent higher each. Read more

MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and Nifty topped the 11,350-mark

MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and Nifty topped the 11,350-mark

Tuesday, August 11, 2020

The equity markets in India India rose over half a percent today(11th August 2020), in line with a strong trend in other Asian markets. The S&P BSE climbed 338 points to 38,520 levels and the Nifty50 index topped the 11,350-mark. ICICI Bank gained 2 percent after the bank launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share. Besides, Axis Bank and Tata Steel (both up 2%) were among the other top gainers. On the other hand, Titan slipped over 3 percent after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 2 percent. Today, 90 companies, including RITES, Motherson Sumi, and Metropolis Healthcare, are scheduled to announce their June quarter results.

MARKET UPDATE:Sensex rose 300 points to 38,340 levels and Nifty reclaimed the 11,300 mark

MARKET UPDATE:Sensex rose 300 points to 38,340 levels and Nifty reclaimed the 11,300 mark

Monday, August 10, 2020

The equity markets in India were trading half a percent higher today(10th August 2020), lifted mainly by pharma stocks. Among the benchmark indices, the S&P BSE Sensex rose 300 points to 38,340 levels and the Nifty50 index reclaimed the 11,300 marks. Larsen & Toubro and Mahindra & Mahindra gained 3 percent each in early deals and were the top Sensex gainers. Meanwhile, Divi's Laboratories surged 15 percent after the announcement of its June quarter results. The Nifty sectoral indices were trading in the green, led by the Nifty Pharma index, up 2 percent. One hundred companies including Titan and Bank of Baroda are scheduled to announce their June quarter results today.

MARKET UPDATE:Sensex, Nifty in the red-sensex at 38000 levels and Nifty gaveup 11,200-mark

MARKET UPDATE:Sensex, Nifty in the red-sensex at 38000 levels and Nifty gaveup 11,200-mark

Friday, August 7, 2020

The equity market in India was trading with slight cuts today (7th August 2020) amid mixed global cues. Among the benchmark indices, the S&P BSE Sensex dipped 30 points to around 38,000 levels and the Nifty50 index gave up the 11,200-mark. HCL Tech, Tata Steel, ICICI Bank (all down over 1%) were the top Sensex laggards while ONGC gained 1 percent. Vodafone Idea slid as much as 7 percent after reporting a sharp rise in its losses to Rs 25,460 crore for the June quarter of FY21 while HPCL's stock gained 4 percent after the company reported a 157 percent jump in its June quarter net profit. The trend among Nifty sectoral indices was largely negative, with the Nifty Bank index, down 0.7 percent, leading the list of losers. On the other hand, the broader market outperformed their benchmark peers after changes in circuit limits for about 650 companies became effective today. The S&P BSE MidCap and SmallCap indexes were both trading 0.7 percent higher. Read more

MARKET UPDATE:Sensex up 350 points and reclaims 38,000-mark and Nifty at 11,200 level

MARKET UPDATE:Sensex up 350 points and reclaims 38,000-mark and Nifty at 11,200 level

Wednesday, August 5, 2020

Indian stock market was trading nearly a percent higher today(5th August 2020). The benchmark S&P BSE Sensex was ruling 325 points or 0.86 percent, higher at 38,013 level. Tata Steel and Axis Bank, up 2.4 percent each, were the top gainers on the index, followed by gains in IndusInd Bank and Reliance Industries (up 2 percent each), and Bajaj Finance (1 percent). On the downside, only Power Grid and Nestle were trading as laggards on the 30-share index, down 1 percent each. The broader Nifty50, meanwhile, was inching towards 11,200-level, and was at 11,187 in early deals Sectorally, metal stocks surged higher amid positive global cues. The nifty Metal index was up 2 percent on the NSE, while Nifty Auto and Private Bank indices advanced 1 percent, each. In the broader market, the S&P BSE MidCap index was at 13,984 level, up 0.92 percent. On the other hand, the S&P BSE SmallCap index was up 0.8 percent at 13,424 level.

MARKET UPDATE:Extended rally-Sensex up 333 points at 37,272 level and Nifty at 10,990 level

MARKET UPDATE:Extended rally-Sensex up 333 points at 37,272 level and Nifty at 10,990 level

Tuesday, August 4, 2020

Equities in Indian markets extended their rally and were trading nearly a percent higher today(4th August 2020). The benchmark S&P BSE Sensex was at 37,272 level in morning deals, up 333 points, or 0.9 percent. RIL, ONGC, ITC, Asian Paints, and Maruti Suzuki trading as top gainers on the index. On the downside, IndusInd Bank, TechM, Power Grid, and HCL Tech slipped in the red. HDFC Bank surged over 5 percent after media reports suggested the Reserve Bank of India has approved Sashidhar Jagdishan's name for the post of CEO of the bank. The broader Nifty50, meanwhile, was at 10,990 level, up 92 points, or 0.9 percent. Sectorally, the Nifty IT index slipped into the red, down 0.4 percent, after US President Donald Trump on Monday signed an executive order restricting federal agencies from contracting or subcontracting foreign workers, hurting Indian IT professionals who work in the US on the H-1B visa. Read more

MARKET UPDATE:Sensex slips 300 points aand Nifty below 11,000-mark

MARKET UPDATE:Sensex slips 300 points aand Nifty below 11,000-mark

Monday, August 3, 2020

Equity markets in India started the first trading session of August on a weak start, extending its consolidation phase from the previous week. The benchmark S&P BSE Sensex tanked 290 points, or 0.77 percent, to trade at 37,317 levels in early deals amid selling in financial counters. IndusInd Bank, HDFC Bank, and HDFC Bank, down between 1.5 and 2 percent, were the top laggards on the Sensex index, followed by weakness in HDFC, Bajaj Finance, and Reliance Industries. On the upside, Maruti Suzuki, Bajaj Auto, and M&M were the top gainers on the benchmark index on the back of healthy July auto sales figures. That apart, Bandhan Bank skid over 8 percent on the BSE after 356 million equity shares changed hands on the counter in a block deal. The broader Nifty50, meanwhile, was testing 11,000 level, down 73 points or 0.0.66 percent. Read more

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark

Friday, July 31, 2020

The equity markets in India fluctuated between gains and losses in a volatile start today(31st July 2020). The S&P BSE Sensex was trading 60 points higher at 37,800 levels after slipping to as much as 37,538 levels. The Nifty50 index gave up the 11,100-mark. Reliance Industries slid 2 percent after reporting its June quarter results. The HDFC twins slipped 2 percent each and were among the top Sensex losers. On the other hand, IT stocks were once again in focus with HCL Tech, TCS, Tech Mahindra, and Infosys all rising over 1 percent each. The trend among Nifty sectoral indices mixed. Nifty IT index rose 1 percent while the Nifty Financial Services index dipped 1 percent. Five hundred and seventy-six companies including State Bank of India, Tata Motors, Sun Pharmaceutical Industries, Indian Oil Corporation are scheduled to announce their quarterly results. Read more

MARKET UPDATE:Sensex up by 263 points to hover around 38,334 levels, and Nifty around 11,270 level

MARKET UPDATE:Sensex up by 263 points to hover around 38,334 levels, and Nifty around 11,270 level

Thursday, July 30, 2020

Equity markets in India were trading half a percent higher today(30th July 2020). The S&P BSE Sensex added 263 points to hover around 38,334 levels and the Nifty50 index was trading around 11,270 levels. IT stocks-HCL Tech, TCS, and Infosys-rose over 1 percent. Bharti Airtel gained 2 percent after posting a 15 percent growth in Q1 revenue. while InterGlobe Aviation slipped 4 percent before recouping losses after posting its biggest-ever quarterly loss. The Nifty sectoral indices were trading in the green, led by the Nifty IT index, up 1 percent. Four hundred and three companies, including Reliance Industries, HDFC, and Dabur India, are slated to report their quarterly earnings today. Read more

MARKET UPDATE:Volatile start: Sensex slipped 100 points to 38,400 levels, and Nifty slipped below 11,300-mark

MARKET UPDATE:Volatile start: Sensex slipped 100 points to 38,400 levels, and Nifty slipped below 11,300-mark

Wednesday, July 29, 2020

The equity market in India had a volatile start today on the back of mixed cues in Asian markets. The S&P BSE Sensex slipped 100 points to 38,400 levels and the Nifty50 index slipped below the 11,300-mark. IndusInd Bank surged as much as 7 percent after the bank got approval to raise Rs 3,288 crore through preferential issue of fully paid-up shares. Besides, YES Bank also rose 3 percent higher after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. One hundred and eighty companies are scheduled to announce their quarterly earnings today. Analysts expect Bharti Airtel to post a loss of as much as Rs 318.9 crore as compared to Rs 5,236.9 crore loss reported in Q4FY20. Revenue growth for the quarter, however, is likely to remain flat with India's non-wireless revenues traction remaining robust. Read more

MARKET UPDATE:Sensex up by 210 points at 38,140 levels, and Nifty above at 11,200 level

MARKET UPDATE:Sensex up by 210 points at 38,140 levels, and Nifty above at 11,200 level

Tuesday, July 28, 2020

Equity markets in India climbed higher today(28th July 2020), tracking gains from other Asian markets. The S&P BSE Sensex was trading around 38,140 levels, up 210 points and the Nifty50 index was trading above the 11,200-mark. Tech Mahindra surged over 5 percent after its June quarter profit before tax rose 32.9 percent sequentially to Rs 1,283 crore. IndusInd Bank also gained over 2 percent ahead of its quarterly results. Meanwhile, YES Bank tanked another 10 percent in early deals. The trend among Nifty sectoral indices was green, led by the Nifty IT index, up 1.3 percent. One hundred and thirty-two companies, including IndusInd Bank, UltraTech Cement, and Nestle India, are scheduled to announce their results today.

MARKET UPDATE:Fluctuating market-Sensex at 38,100 levels, and Nifty holding at 11,200 level

MARKET UPDATE:Fluctuating market-Sensex at 38,100 levels, and Nifty holding at 11,200 level

Monday, July 27, 2020

Equity markets in India fluctuated between minor gains and losses today(27th July 2020) amid mixed global cues. The S&P BSE Sensex hovered around 38,100 levels while the Nifty50 index continued to hold the 11,200 level. Among individual stocks, HDFC Bank dipped over 2 percent after Managing Director Aditya Puri sold 95 percent of his shareholding in the bank valued at Rs 842.7 crore between July 21 and July 23. YES Bank tanked 10 percent after the over 12.5 billion new shares issued in the follow-on public offering commenced trading. Besides, Reliance Industries, TCS, and HCL Tech rose over 1 percent each and were the top Sensex gainers. The trend among Nifty sectoral indices was mixed, with the Nifty Bank index, down 1.3 percent, leading the list of losers. One hundred companies including Tech Mahindra, Marico, and Havells India are scheduled to announce their quarterly results today.

MARKET UPDATE:Indian markets trading with slim gains -Sensex rose 54 points to 37,920 levels, and Nifty at 11,150 levels

MARKET UPDATE:Indian markets trading with slim gains -Sensex rose 54 points to 37,920 levels, and Nifty at 11,150 levels

Thursday, July 23, 2020

The equity markets in India were trading with slim gains today(23rd July 2020), in line with the trends in Asian markets. The S&P BSE Sensex rose 54 points to 37,920 levels and the Nifty50 index hovered above 11,150 levels. Asian Paints (up 2%) was the top Sensex gainer. Larsen & Toubro was also trading over 1 percent higher after announcing its June quarter results. ICICI Securities also rose as much as 7 percent following the announcement of its quarterly results. Meanwhile, YES Bank hit a 20 percent lower circuit at Rs 14.60 on the BSE. The Nifty sectoral indices were trading mixed, with the Nifty Metal index, up 0.7 percent, leading the list of gainers. Specialty chemical company Rossari Biotech will get listed at the bourses today. The public issue, which consists of a fresh issue of Rs 50 crore and an offer for sale of 1.05 crore shares by promoters, saw a massive subscription of 79.37 times backed by QIB and non-institutional investors. Read more

MARKET UPDATE:Indian market volatile-Sensex slipped 70 points to 37,861 level, and Nifty at 11,144 level down 18 points

MARKET UPDATE:Indian market volatile-Sensex slipped 70 points to 37,861 level, and Nifty at 11,144 level down 18 points

Wednesday, July 22, 2020

The benchmark S&P BSE Sensex slipped around 70 points, or 0.18 percent, to trade at 37,861 level, after hitting a high of 38,199 in the opening deals. Axis Bank, Bajaj Finserv, and ICICI Bank were the top gainers on the 30 shares index, while Hindustan Unilever, Maruti Suzuki, and Bajaj Finance were the top drags. Individually, Axis Bank leaped 6 percent after the lender's logged strong net interest income (NII) growth, controlled opex, and sequential decline in provisions. Besides, outstanding funded BB & below pool declined slightly to Rs 6,420 crore while the moratorium book plummeted to 9.7 percent, which eased concerns on the asset quality outlook. On the downside, HUL slipped 2 percent to Rs 2,277 on the BSE on profit booking post the FMCG major's June quarter result. Read more

MARKET UPDATE:Sensex aup 400 points to 37,856 levelels, and Nifty 112.5 points up at 11,135 levels

MARKET UPDATE:Sensex aup 400 points to 37,856 levelels, and Nifty 112.5 points up at 11,135 levels

Tuesday, July 21, 2020

The Indian stock market opened on a positive note today(21st July 2020) amid across-the-board buying and firm global cues. The S&P BSE Sensex was ruling over 400 points or over 1 percent higher at 37,856 levels while the NSE's Nifty50 was trading 112.5 points or 1 percent higher at 11,135 points. Among individual stocks, ICICI Bank was up 2.6 percent and was the top gainer on the Sensex, followed by Power Grid and Ultratech Cement. FMCG major HUL was trading nearly 0.5 percent higher at Rs 2,341.35 ahead of its June quarter numbers later in the day. On the sectoral front, all the indices on the NSE were trading in the green. Nifty PSU Bank was up over 2 percent at 1,472.40 levels. In the broader market, the S&P BSE MidCap index gained 0.78 percent higher at 13,761 levels while the S&P BSE SmallCap index was trading at 13,020, up 0.8 per cent. Read more

MARKET UPDATE:Sensex advanced 360 points to 37,380 levelels, and Nifty surpassed the crucial 11,000-mark

MARKET UPDATE:Sensex advanced 360 points to 37,380 levelels, and Nifty surpassed the crucial 11,000-mark

Monday, July 20, 2020

In Indian markets, bulls kept their hold on the benchmark indices today(20th July 2020) The frontline S&P BSE Sensex advanced 360 points, or 0.97 percent, to 37,380 level in the early deals with 20 out of 30 constituents trading in the green on the index. The broader Nifty50 index, on the other hand, surpassed the crucial 11,000-mark and hit a high of 11,013.90 level in the morning deals. Among individual stocks, HDFC Bank surged 3 percent to Rs 1,132 level after the bank's June quarter result came in line with Street expectations. That apart, parent company HDFC gained 1.5 percent on the Sensex. That apart, Vodafone Idea jumped 6 percent to Rs 9.4 apiece as it paid Rs 1,000 crore to the government over the weekend as part of its Adjusted Gross Revenue (AGR) dues. Read more

MARKET UPDATE:Sensex rose to 36,600 levels, and Nifty hovered around 10,800 mark

MARKET UPDATE:Sensex rose to 36,600 levels, and Nifty hovered around 10,800 mark

Friday, July 17, 2020

The Equity market in India was trading higher in today's(17th July 2020) range-bound session, lifted by metals and auto stocks. The S&P BSE Sensex rose 130 points to 36,610 levels and the Nifty50 index hovered around 10,800 levels. HCL Tech climbed as much as 2 percent after the announcement of its June quarter results. Britannia Industries also gained 2 percent ahead of the announcement of its quarterly results. Besides, Tata Steel, up 3 percent, was the top Sensex gainer. The trend among Nifty sectoral indices was positive, led by the Nifty Metal index, up 1 percent. Thirty-two companies including Britannia Industries, and ICICI Lombard are scheduled to announce their quarterly results.

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 36,050 levels, and Nifty hovered 10,600 mark

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 36,050 levels, and Nifty hovered 10,600 mark

Thursday, July 16, 2020

In Indian markets, benchmark indices erased the majority of the opening gains in a volatile start today(16th July 2020). The S&P BSE Sensex was trading near 36,050 levels and the Nifty50 index hovered around 10,600-mark. IT services major Infosys surged 10 percent after its June quarter results beat Street estimates with an 11.5 percent YoY rise in net profit at Rs 4,233 crore. Besides, other IT stocks also gained. HCL Tech, TCS, and Tech Mahindra climbed between 1 to 4 percent and were the top Sensex gainers. Twenty-two companies including Cyient and Bajaj Consumer Care are scheduled to announce their March quarter results today

MARKET UPDATE:Sensex up 430 points,around 36,450 levels, and Nifty topped the 10,700 level

MARKET UPDATE:Sensex up 430 points,around 36,450 levels, and Nifty topped the 10,700 level

Wednesday, July 15, 2020

In Indian markets, today(15th July 2020)benchmark indices rose over one percent on the back of firm global cues. The S&P BSE Sensex was trading around 36,450 levels, up 430 points, and the broader Nifty50 index topped the 10,700 level. Infosys gained 2 percent ahead of the announcement of its June quarter results later in the day. Besides, Reliance Industries was also trading one percent higher ahead of the company's 43rd Annual General Meeting which will be held via videoconferencing later in the day. Moreover, Wipro surged 10 percent in early deals after reporting better-than-expected quarterly numbers. All the Nifty sectoral indices were trading in the green, led by the Nifty IT index, up 2 percent. Read more

MARKET UPDATE:Sensex jumped 415 points to 37,000 levels and the Nifty at crucial 10,800 mark

MARKET UPDATE:Sensex jumped 415 points to 37,000 levels and the Nifty at crucial 10,800 mark

Monday, July 13, 2020

The equity market in India started the week today (13th July 2020) on a strong note and was trading one percent higher, on the back of firm global cues. The S&P BSE Sensex jumped 415 points and reclaimed the 37,000 levels and the Nifty50 index conquered the crucial 10,800-mark. Reliance Industries rose over 2 percent and hit a lifetime high on the BSE after it announced the sale of 0.15 percent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Besides, Tata Steel and Tech Mahindra also gained 2 percent each. Meanwhile, Avenue Supermarts tumbled 5 percent after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1.8 percent. Eighteen companies including 5Paisa, India Home Loan, and MBL Infrastructures, are scheduled to announce their quarterly earnings today.

MARKET UPDATE: Sensex around 36,650; Nifty slipped below 10,800-mark

MARKET UPDATE: Sensex around 36,650; Nifty slipped below 10,800-mark

Friday, July 10, 2020

The Indian markets were trading with slight cuts today (10th July 2020) after weak cues from global markets. The S&P BSE Sensex hovered at around 36,650 levels. IndusInd Bank (down 2%) was the top Sensex loser, followed by Tech Mahindra and Mahindra & Mahindra (both down over 1%). TCS fluctuated between minor gains and losses after reporting a 13.8 percent YoY decline in its June quarter profits. The broader Nifty50 index also slipped below the crucial 10,800-mark. The majority of the Nifty sectoral indices were trading in the red, led by Nifty Private Bank and Nifty Metal indexes, both down 1 percent each. Forty-four companies, including IRCTC, Lakshmi Vilas Bank, SAIL are scheduled to announce their quarterly numbers.

MARKET UPDATE: Sensex up 120 points to hover around 36,800; Nifty holds 10,800

MARKET UPDATE: Sensex up 120 points to hover around 36,800; Nifty holds 10,800

Wednesday, July 8, 2020

Equity markets in India were trading with slim gains today(8th July 2020), lifted by public sector banks and metals. The S&P BSE Sensex was up 120 points to 36,800 levels and the Nifty50 index hovered around 10,830-mark. IndusInd Bank (up 5%) gained the most among Sensex constituents, followed by Bajaj Auto and Mahindra & Mahindra (both up 1%). As per media reports, US-based hedge fund Route One Investment Company is in talks to increase its stake in IndusInd Bank. Titan Company rose a little over 1 percent after giving a business update for the June quarter of FY21. The Nifty sectoral indices were largely in the green, led by the Nifty PSU Bank index, up 1.5 percent. Twelve companies are slated to report their March quarter earnings today, while South Indian Bank is scheduled to report June quarter results.

MARKET UPDATE: Sensex up 50 points to hover around 36,570; Nifty at 10,750 level

MARKET UPDATE: Sensex up 50 points to hover around 36,570; Nifty at 10,750 level

Tuesday, July 7, 2020

The Indian benchmark indices were trading with slim gains today(7th July 2020), in line with the trends in the Asian markets. The S&P BSE Sensex rose 50 points to 36,570 levels and the Nifty50 index hovered above 10,750 levels. Bajaj Finance rose 2 percent after announcing its June quarter (Q1FY21) business update. The stock was the top Sensex gainer. Among other individual stocks, Bajaj Auto and Infosys also climbed 2 percent each. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1%, leading the list of gainers. Twenty-four companies are scheduled to announce their March quarter earnings today.

MARKET UPDATE: Sensex up 250 points to hover around 36,280; Nifty at 10,700 level

MARKET UPDATE: Sensex up 250 points to hover around 36,280; Nifty at 10,700 level

Monday, July 6, 2020

In Indian markets the domestic benchmark indices rose half a percent today, mirroring similar gains in other Asian markets. The S&P BSE Sensex gained 250 points to 36,280 levels and the Nifty50 index topped the 10,700-mark. Among individual stocks, HDFC Bank climbed 3 percent on the BSE after the bank gave its first quarter (Q1FY21) business update. The stock was also the top Sensex gainer. Besides, IndusInd Bank (up 2%) and ITC and Bajaj Finance (both up 1%) also gained. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 1.9 percent. Thirty-five companies including NBCC are scheduled to announce their March quarter results today.

MARKET UPDATE: Sensex up 150 points to hover around 36,000; Nifty at 10,600 level

MARKET UPDATE: Sensex up 150 points to hover around 36,000; Nifty at 10,600 level

Friday, July 3, 2020

Benchmark indices climbed half a percent today(3rd July 2020), tracking similar trends in other Asian markets. The S&P BSE Sensex rose 150 points to over 36,000 and the Nifty50 index topped the 10,600 level. Bajaj Auto, Axis Bank, and Powergrid (all up 1%) were the top Sensex gainers. Reliance Industries gained 1 percent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 percent stake. Moreover, JB Chemicals rose 3 percent after it said global investment firm KKR will pick up a controlling stake of 54 percent in the company. Meanwhile, HDFC Life was also trading 3 percent higher as the company will replace Vedanta on Nifty with effect from July 31. The trend among Nifty sectoral indices was positive, led by the Nifty Pharma index, up 0.8 percent. Eighteen companies including Indiabulls Housing Finance are scheduled to announce their results today.

MARKET UPDATE: Sensex up 300 points to hover around 35,750; Nifty at 10,500 mark

MARKET UPDATE: Sensex up 300 points to hover around 35,750; Nifty at 10,500 mark

Thursday, July 2, 2020

In Indian markets today (2nd July 2020)the benchmark indices rose nearly one percent tracking gains from other Asian markets. The S&P BSE Sensex was up 300 points at 35,750 levels and the Nifty50 index reclaimed the 10,500-mark. Mahindra & Mahindra, ONGC, and IndusInd Bank (all up 2%) were the top Sensex gainers. Eveready Industries surged as much as 9 percent on the BSE after the announcement of its March quarter results. The trend among Nifty sectoral indices was positive, led by the Nifty IT index, up 2 percent.

MARKET UPDATE: Sensex up 190 points to hover around 35,100; Nifty at 10,300 mark

MARKET UPDATE: Sensex up 190 points to hover around 35,100; Nifty at 10,300 mark

Wednesday, July 1, 2020

In India, domestic benchmark indices were trading half a percent higher on 1st July, the first day of the July-September quarter, in tune with the trend in the other Asian markets. The S&P BSE Sensex hovered around the 35,100-mark, up 190 points, while the Nifty held the 10,300-level. ITC, Axis Bank, HDFC, and Reliance Industries (all up 1%) were the top Sensex gainers. On the other hand, Kotak Mahindra Bank (down 3%) and NTPC (down 3%) were the top losers. Shares of ONGC declined 4 percent after the firm posted its first-ever quarterly loss. The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, down 0.6 percent, leading the list of losers. Six firms, including Eveready, are scheduled to report their March quarter earnings today.

MARKET UPDATE: Sensex gained 180 points to hover around 35,120; Nifty testing the 10,400 mark

MARKET UPDATE: Sensex gained 180 points to hover around 35,120; Nifty testing the 10,400 mark

Tuesday, June 30, 2020

The equity market in India rose over half a percent today (30th June 2020), mirroring the trend in most Asian markets. The S&P BSE Sensex gained 180 points to hover around 35,120 levels and the Nifty50 index was testing the 10,400 marks. Among individual stocks, Tata Steel climbed over 4 percent after the announcement of its March quarter results. The stock was the top Sensex gainer in the initial deals. Besides, IndusInd Bank, Axis Bank, and Bajaj Finance (all up 1%) were the other top gainers. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up over 1 percent, leading the list of gainers. Five hundred and ninety-six companies including, Vodafone Idea, ONGC, and Sail, are scheduled to announce their March quarter earnings today.

MARKET UPDATE:Sensex slipped 240 points to 34,850-mark and Nifty slipped below the 10,300 mark

MARKET UPDATE:Sensex slipped 240 points to 34,850-mark and Nifty slipped below the 10,300 mark

Monday, June 29, 2020

Equity markets in India dipped over half a percent today (29th June 2020), in line with the trends in other Asian markets. The Standard and Poor’s warning that the Indian economy is in deep trouble also weighed on investor sentiment. The rater has projected the Indian economy's growth to contract by 5 percent this fiscal. The headline index S&P BSE Sensex slipped 240 points to 34,850-mark and the broader Nifty50 index slipped below the 10,300 marks. Among individual stocks, Axis Bank, IndusInd Bank, and Bajaj Finance all slid over 3 percent each. Notably, S&P had downgraded the ratings of both Axis Bank and Bajaj Finance during the weekend. On the other hand, shares of ITC rose as much as 4 percent after the announcement of its March quarter results. The trend among Nifty sectoral indices was largely negative, led by the Nifty Bank index, down 1.9 percent. On the other hand, the Nifty Pharma index was up 1 percent. Read more

MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark

MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark

Friday, June 26, 2020

The equity markets in India were trading nearly a percent higher today 26th June 2020), in line with the trend in other Asian markets. The S&P BSE Sensex rose 250 points to 35,114 levels, and the Nifty50 index was testing the 10,400-mark. IndusInd Bank (up 4%) and Infosys (up 2%) were the top Sensex gainers. ITC was also trading 2 percent higher ahead of its March quarter results. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.7 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes gained over 0.8 percent. Two hundred forty-seven companies, including ITC, Coal India, and Glenmark Pharma are scheduled to announce their March quarter earnings. According to analysts, ITC is expected to post up to 14 percent decline in its cigarette volumes due to hike in excise duty and Covid-19 induced lockdown.

MARKET UPDATE: Sensex dips 350 points at 34,520 levels, and the Nifty slips below 10,250-mark

MARKET UPDATE: Sensex dips 350 points at 34,520 levels, and the Nifty slips below 10,250-mark

Thursday, June 25, 2020

The equity markets in India dipped nearly 1 percent today(25th June 2020) after the International Monetary Fund (IMF) projected a sharp contraction of 4.5 percent in India's GDP in FY21. The S&P BSE Sensex hovered at 34,520 levels, down 350 levels, and the Nifty50 index gave up 10,250-mark. IndusInd Bank (down 4%) was the top Sensex loser, followed by Axis Bank, Bajaj Finance, and ICICI Bank (all down 2%). One hundred and forty-seven companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today.

MARKRT UPDATE : Sensex up 241 points at 35,670 levels and the Nifty at 10,500 level

MARKRT UPDATE : Sensex up 241 points at 35,670 levels and the Nifty at 10,500 level

Wednesday, June 24, 2020

indices rose over half a percent today(24th June 2020). The S&P BSE Sensex gained 241 points at 35,670 levels and the Nifty50 index reclaimed the psychological level of 10,500. Asian Paints climbed over 3 percent post its March quarter results announcement and were the top Sensex gainer. Besides, Bajaj Finance and ITC also rose 2 percent each. On the other hand, HCL Tech dipped 1.2 percent. Bank of Baroda shot up 9 percent in opening deals after reporting a profit of Rs 507 crore in the March quarter of FY20 (Q4FY20). The trend among Nifty sectoral indices, except Nifty Realty index, was positive, led by the Nifty PSU Bank index, up 1.3 percent. The broader market was performing marginally better than the benchmarks. Both the S&P BSE MidCap and SmallCap index were trading 0.4 percent higher. Eighty-five companies, including the likes of Canara Bank, Indian Oil Corporation, GAIL, and India Cements, are scheduled to announce their March quarter earnings.

MARKET UPDATE:Sensex up 134 points at 35,045 and Nifty gained 50 points to 10,361

MARKET UPDATE:Sensex up 134 points at 35,045 and Nifty gained 50 points to 10,361

Tuesday, June 23, 2020

Bulls were in no mood to lose control of Dalal Street as domestic benchmark indices opened higher, on track to extend their gains to the fourth session today(23rd June 2020) following the global trend inequities. Today at 9.20 AM Sensex was up 134 points or 0.38 percent at 35,045 while NSE benchmark Nifty gained 50 points or 0.49 percent to 10,361. Metal, PSU banks, and auto stocks were in demand while IT stocks were under selling pressure. In the 30-share pack Sensex, IndusInd Bank was the biggest gainer, up 3.65 percent at Rs 507.75, followed by Bajaj twins, Axis Bank, Bajaj Auto, SBI, Maruti Suzuki and Tata Steel that gained in the range of 1-3 percent. All the Nifty sectoral indices, except Nifty IT, were trading higher, led by Nifty PSU Bank index, up 3 percent. Broader indices continued to outperform the benchmarks. The S&P BSE MidCap and SmallCap indexes were up 1 percent and 0.84 percent, respectively. Read more

MARKET UPDATE:BSE reclaimed the 35,000 level and the Nifty topped 10,300-mark

MARKET UPDATE:BSE reclaimed the 35,000 level and the Nifty topped 10,300-mark

Monday, June 22, 2020

Equity markets in India were rose over a percent in today's (22nd June 2020) morning deals, lifted by pharma and bank stocks. The S&P BSE Sensex gained 400 points and reclaimed the 35,000 level and the Nifty50 index also topped 10,300-mark. Bajaj twins (Bajaj Finserv, Bajaj Finance) both shot up 5 percent each and were the top Sensex gainers. Besides, IndusInd Bank and Bajaj Auto also rose over 2 percent each. Reliance Industries climbed another 2 percent and hit $150 billion m-capitalisation. Among other stocks, Glenmark Pharmaceuticals surged 15 percent to Rs 470.45 after it became the first Indian company to secure drug regulator’s nod on manufacturing and marketing the antiviral drug, Favipiravir in India. The trend among Nifty sectoral indices was all green, except the Nifty IT index, led by the Nifty Pharma index, up 1.8 percent. Read more

MARKET UPDATE:Sensex up 40 points at 34,240 levels and Nifty hovered around 10,100-mark

MARKET UPDATE:Sensex up 40 points at 34,240 levels and Nifty hovered around 10,100-mark

Friday, June 19, 2020

The equity markets in India were trading flat with a positive bias today (19th June 2020), in line with the trends in most Asian indices. The S&P BSE Sensex was up 40 points at 34,240 levels and the Nifty50 index hovered around 10,100-mark. Bajaj Finance, up 4 percent, and ONGC, up 2 percent, were the top gainers in the Sensex pack. Reliance Industries scaled a new lifetime high of Rs 1,684 on the BSE after group chairman Mukesh Ambani said the conglomerate was now net debt-free after recent investments in its digital arm. He also said that RIL will list two group companies in five years. The trend among the Nifty sectoral indices was largely positive, led by the Nifty PSU Bank index, up 1.2 percent. In the broader market, the S&P BSE MidCap index and the SmallCap index climbed 0.6 percent and 1 percent, respectively. Read more

MARKET UPDATE:Sensex dipped 55 points to 33,450 levels and the Nifty hovered around 9,870

MARKET UPDATE:Sensex dipped 55 points to 33,450 levels and the Nifty hovered around 9,870

Thursday, June 18, 2020

Today (18th June 2020)in Indian markets benchmark indices were trading flat with a negative bias as market participants remained cautious ahead of the Supreme Court hearing on adjusted gross revenue (AGR) case. The ongoing India-China border tensions also kept investor sentiment in check. The S&P BSE Sensex dipped 55 points to 33,450 levels and the Nifty50 index hovered around 9,870. ONGC (down 2%) was the top Sensex loser while Infosys was up 1 percent. Among individual stocks, Muthoot Finance surged over 9 percent to Rs 1,095 after declaring its March quarter results. The trend among sectoral indices was mixed, with the Nifty Bank index trading 0.4 percent lower. In comparison, the broader market outperformed the benchmarks. The S&P BSE MidCap and SmallCap indexes were trading 0.6 and 0.8 percent higher, respectively. Fifty-seven companies, including Bajaj Consumer Care, Whirlpool, and Care Ratings are scheduled to announce their results today.

MARKET UPDATE: Sensex erases early losses, jumps 80 points; Nifty tops 9,900

MARKET UPDATE: Sensex erases early losses, jumps 80 points; Nifty tops 9,900

Wednesday, June 17, 2020

Equity markets in India were trading with slim gains after erasing all of the opening losses today (17th June 2020). The S&P BSE Sensex was trading around 33,630 level, up 80 points and the Nifty50 index reclaimed the 9,990-mark. Maruti Suzuki India (up 2%) was the top Sensex gainer, followed by Tech Mahindra and Tata Steel (both up 1%). Powergrid (down 2%) dragged the most. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1.3 percent, bleeding the most. The broader market fared better than the benchmarks. The S&P BSE MidCap and SmallCap indexes were up over 0.5 percent each. Forty-six companies, including Indraprastha Gas Ltd, JK Cement, and Pidilite Industries, are scheduled to report their March quarter results today.

MARKET UPDATE:Sensex zooms 650 pts, Nifty tops 10k

MARKET UPDATE:Sensex zooms 650 pts, Nifty tops 10k

Tuesday, June 16, 2020

In the Indian equity market today (16th June 2020) Benchmark indices were trading 2 percent higher on the back of an overnight rally in global markets. The S&P BSE Sensex surged 650 points to 33,920 levels and the Nifty50 index topped the 10,000 level. All the constituents of the Sensex were trading in the green. ICICI Bank and Bajaj Finance (both up 4%) were the top index gainers. All the Nifty sectoral indices were in the green as well, led by the Nifty Bank index, up 3.3 percent. Twenty-five companies, including HPCL, NMDC, and Ipca Labs are scheduled to report their March quarter earnings.

MARKET UPDATE:Sensex dipped 320 points to 33,460 levels and Nifty at around 9,900 mark

MARKET UPDATE:Sensex dipped 320 points to 33,460 levels and Nifty at around 9,900 mark

Monday, June 15, 2020

The equity markets in India today were trading with half a percent cuts, in line with trends in other Asian markets. The S&P BSE Sensex dipped 320 points to 33,460 levels and the Nifty50 index gave up around 9,900 marks. Tata Steel and IndusInd Bank (both down 3%) were the top Sensex laggards while Infosys and Sun Pharma gained 1 percent each. The trends in Nifty sectoral indices were mixed with the Nifty Bank index, down 2 percent, leading the losses. Fifty-six companies are scheduled to report their numbers including Ashoka Buildcon, JK Tyre, Pfizer, and Tata Motors.

MARKET UPDATE:Sensex down 786 points at 32,750 levels and NIfty hovered around 9,670 levels

MARKET UPDATE:Sensex down 786 points at 32,750 levels and NIfty hovered around 9,670 levels

Friday, June 12, 2020

Today (12th June 2020) in Indian Markets benchmark indices are trading over 2 percent lower tracking a huge plunge on Wall Street and weakness in Asian markets. Among individual stocks, S&P BSE Sensex was trading 786 points lower at 32,750 levels and the NIfty50 index hovered around 9,670 levels. IndusInd Bank (down 6 percent) bled the most in the Sensex pack, followed by ONGC and Kotak Mahindra Bank (both down 4 percent). The trend among Nifty sectoral indices was firmly in red, led by the Nifty Bank index, down 3.8 percent. Thirty companies including Mahindra & Mahindra and Eicher Motor are scheduled to announce their results today.

MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark

MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark

Thursday, June 11, 2020

The equity markets in India clawed their way off the opening lows but were still trading with nearly half a percent cut today(11th June 2020) amid weakness in global stocks after the US Fed's latest policy statement in which it reassured investors of its support for the economy but projected a 6.5 percent decline in US GDP this year. The S&P BSE Sensex dipped 80 points at 34,150 levels and the Nifty50 index hovered around 10,090 marks. Sun Pharma (down 3%) was the top Sensex laggard, followed by HDFC Bank and Kotak Mahindra Bank (both down over 1%). On the other hand, IndusInd Bank rose 5 percent. The trend among Nifty sectoral indices was mixed. Nifty PSU Bank index, up over 1 percent was the top gainer. Twenty-three companies including Dixon Tech, Shriram City, Union Finance are scheduled to announce their March quarter results today.

MARKET UPDATE:Sensex surged 546 points to 34,830 levels and Nifty topped 10,300-mark

MARKET UPDATE:Sensex surged 546 points to 34,830 levels and Nifty topped 10,300-mark

Monday, June 8, 2020

Equity markets were trading firm today(8th June 2020), in line with trends in other Asian markets, lifted primarily by banks and metals. The S&P BSE Sensex surged 546 points, or 1.83 percent, to 34,830 levels and the Nifty50 index topped 10,300-mark. IndusInd Bank gained 6 percent and Axis Bank shot up 5 percent. Besides, Reliance Industries gained over 2 percent and hit a new lifetime high of Rs 1,624 on the BSE after the conglomerate announced a 1.16 percent stake sale in Jio Platforms to Abu Dhabi Investment Authority. All the Nifty sectoral indices, except the Nifty Pharma index, were trading in the green, led by the Nifty Bank index, up 3.3 percent. Nineteen companies, including Titan, PVR, and Abbot India are scheduled to announce their March quarter results. Read more

MARKET UPDATE:Sensex gains 126 points, Nifty nears 10,100

MARKET UPDATE:Sensex gains 126 points, Nifty nears 10,100

Thursday, June 4, 2020

Equities in the Indian market were fluctuating between gains on losses in today's(4th June 2020) early deals ahead of the F&O (futures & options) weekly expiry. Among headline indices, the S&P BSE Sensex hovered around 34,000 levels and the Nifty50 slipped below the 10,100-mark. Tech Mahindra (up 2%) was the top Sensex gainer. Besides, HDFC Bank and ICICI Bank gained 1 percent each. On the other hand, Titan dipped 3 percent. HDFC Life Insurance rose as much a 4 percent on the BSE post block deals. Aurobindo Pharma also shot up 4 percent after reporting a 32 percent jump in its Q4 net profit. On the other hand, Bharat Petroleum Corporation (BPCL) fluctuated after announcing its March quarter results. The trend among Nifty sectoral indices was all-green, led by the Nifty PSU Bank index, up 1.9 percent. Fifteen companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results today.

MARKET UPDATE:Sensex gains 500 pts, Nifty reclaims 10,100

MARKET UPDATE:Sensex gains 500 pts, Nifty reclaims 10,100

Wednesday, June 3, 2020

Equity markets in India were trading firm today(3rd June 2020), in line with trends in Asian counterparts, with banks, autos, and metal stocks contributing the most. The S&P BSE Sensex breached the 34,000-mark and was trading 515 points higher at 34,300 levels. The Nifty50 index also reclaimed the psychological level of 10,000 -- the first time since March 13 -- and was hovering around 10,140-mark. Bajaj Finance and ICICI Bank (both up 4%) were the top Sensex gainers. Besides, Britannia Industries surged 6 percent after its consolidated Q4 net profit rose 26.5 percent YoY to Rs 372.35 crore helped by a lower tax outgo. InterGlobe Aviation also zoomed 6 percent post its March quarter results. All the Nifty sectoral indices were in the green, led by the Nifty Bank index, up 3 percent. Fifteen companies including Aurobindo Pharma, BPCL, and Cholamandalam Investment are scheduled to announce their March quarter results today.

MARKET UPDATE: Sensex up by 328 pointsat 33,630 levels, and the Nifty at 9,900 levels

MARKET UPDATE: Sensex up by 328 pointsat 33,630 levels, and the Nifty at 9,900 levels

Tuesday, June 2, 2020

The equity markets in India were trading firm, a percent higher each, today(2nd June 2020), lifted mainly by auto, and pharma stocks. The S&P BSE Sensex was up 328 points, or 1 percent, at 33,630 levels, and the Nifty50 index conquered the psychological mark of 9,900. Kotak Mahindra Bank (up 4 percent) was the top Sensex gainer, followed by Mahindra & Mahindra and Bajaj Finance (both up 3 percent each). All the Nifty sectoral indices were trading in the green, led by Nifty Auto and Nifty Pharma indexes, both up over 1 percent. Eighteen companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions. Read more

MARKET UPDATE: Sensex zoomed 900 points to 33,300, and Nifty topped at 9,800 levels

MARKET UPDATE: Sensex zoomed 900 points to 33,300, and Nifty topped at 9,800 levels

Monday, June 1, 2020

Equity markets in India shot up over 2 percent each today (1st June 2020), in line with other Asian markets, after the government eased curbs on most economic activities even as the lockdown in containment zones was extended till June 30. The S&P BSE Sensex zoomed 900 points, or 2.7 percent, to 33,300, and the Nifty50 index was topped 9,800 levels. Axis Bank and Tata Steel (both up 6%) were the top Sensex gainers. Besides, Bajaj Finance and IndusInd Bank also rose 4 percent each. All the Nifty sectoral indices were in the green, led by the Nifty Metal index, up 4 percent. Nifty Bank index also rose over 3 percent. Twelve companies, including V-Guard Industries and Orient Electric, are scheduled to announce their March quarter results.

MARKET UPDATE: Sensex erases opening gains, slips in the red

MARKET UPDATE: Sensex erases opening gains, slips in the red

Wednesday, May 27, 2020

Indian markets quickly pared all the gains after a cautious start today (27th May 2020). The S&P BSE Sensex hovered around 30,600 levels and the Nifty50 index traded around 9,030 zones. Kotak Mahindra Bank was the top Sensex gainer, followed by ICICI Bank. On the other hand, Titan and Mahindra & Mahindra were the top laggards. The Nifty sectoral indices were mixed with the Nifty Bank index, up over 1 percent, logging the highest gains. Twenty-two companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.

MARKET UPDATE: Sensex rises to 30,410 levels and the Nifty 8,960 levels

MARKET UPDATE: Sensex rises to 30,410 levels and the Nifty 8,960 levels

Wednesday, May 20, 2020

Equity markets in India were trading firm today (20th May 2020), lifted mainly by the HDFC twins. The S&P BSE Sensex rose 216 points to 30,410 levels and the Nifty50 index traded around 8,960 levels. ITC, up 2 percent, was the top gainer in the Sensex pack. Besides, HDFC and HDFC Bank were both up 1 percent each. IRCTC surged 5 percent after the Indian Railways decided to double the number of Shramik special trains to 400 a day by this week. Besides, Bajaj Finance rose 2 percent after announcing its March quarter earnings. The trend among Nifty sectoral indices was largely positive, led by the Nifty FMCG index, up 1.25 percent. Twenty two companies including Bajaj Auto, Dr Reddy's Laboratories, UltraTech Cement, and Jubilant FoodWorks, are scheduled to announce their March quarter earnings today.

MARKET UPDATE: Sensex jumped 630 points to 32,000 levels and the Nifty testing 9,400 levels

MARKET UPDATE: Sensex jumped 630 points to 32,000 levels and the Nifty testing 9,400 levels

Wednesday, May 13, 2020

Equity markets in India were trading firm, up 2 percent, today (13th May 2020) after Prime Minister Narendra Modi announced a Rs 20-trillion stimulus package to jump-start the battered economy, the details of which will be announced through the week. The S&P BSE Sensex jumped 630 points to 32,000 levels and the Nifty50 index was testing 9,400 levels. Maruti Suzuki India gained 6 percent ahead of its March quarter results. Vedanta hit a 10 percent upper circuit after promoter Anil Agarwal announced intention to take the firm private by buying out shares held by the public. All the Nifty sectoral indices were in the green, led by the Nifty Private Bank index, up 5 percent. Maruti Suzuki and nine other firms are slated to report their March quarter results today.

MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400

MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400

Monday, May 11, 2020

Indian markets followed their Asian counterparts and advanced over 1 percent today,11th May 2020 lifted by financials and auto stocks. The S&P BSE Sensex rose 608 points to over 32,200 mark and the Nifty50 index was above 9,400 levels. Among individual stocks, IRCTC rose 5 percent after the government said that 15 sets of trains will be started from tomorrow. Reliance Industries was also up over 2 percent after fixing May 14 as the record date for the rights issue. Besides, IndusInd Bank and Maruti Suzuki were also up 2 percent each. The trend among Nifty sectoral indices was positive, led by the Nifty Auto index, up 2.4 percent. A total of 13 companies, including Godrej Properties, Wockhardt, and Motilal Oswal, are scheduled to announce their March quarter earnings.

MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340

MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340

Friday, May 8, 2020

The equity markets in India advanced today (8th May 2020) in line with other Asian markets, with RIL and Hindustan Unilever leading the gains. Reliance Industries rose 2 percent after PE firm, Vista Equity Partners, said it will buy a 2.3 percent stake in Jio Platforms for Rs 11,367 crore. Among headline indices, the S&P BSE Sensex surged 476 points to around 31,920 levels and the Nifty50 index was up 132 points to 9,340. IndusInd Bank and Hindustan Unilever (both up 3%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up 1.7 percent 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today. Besides, ICICI Bank will also be in focus as the private lender will announce the results tomorrow.

MARKET UPDATE: Sensex up 200 points, Nifty tops 9,400

MARKET UPDATE: Sensex up 200 points, Nifty tops 9,400

Wednesday, April 29, 2020

The equity market in India made cautious gains today, 29th April 2020 amid mixed global cues. The S&P BSE Sensex was up 240 points, or 0.75 percent, at 32,350 levels. Index heavyweight HDFC surged 5 percent, followed by Bajaj Finance and Tech Mahindra that gained 3 percent each. On the other hand, IndusInd Bank slipped 4 percent. Axis Bank dipped 3 percent after reporting a net loss of Rs 1,388 crore in March quarter results. The majority of the Nifty sectoral indices were in the green, led by the Nifty Financial Services index, up 1.6 percent.

Market update:Sensex tumbles 500 points, pvt banks, financials drag

Market update:Sensex tumbles 500 points, pvt banks, financials drag

Friday, April 24, 2020

India's equity markets slipped over one percent today,24th April 2020 due to weak global cues and dragged by private banks and financials. Among individual stocks, ICICI Bank and Bajaj Finance (both down 4%) were the top laggards while HDFC twins were also down 2 percent each. At the index level, the S&P BSE Sensex was down 505 points, or 1.6 percent, at 31,360 levels and the Nifty50 hovered around 9,200. All the Nifty sectoral indices were in the red, led by Nifty Private Bank and Nifty Financial indexes, both down 3 percent each.

MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green

MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green

Thursday, April 23, 2020

Equity markets in India were trading higher today (23rd April 2020) on the back of positive global cues. The S&P BSE Sensex rose 250 points, or 0.8 percent, to 31,630 and the Nity50 index was around 9,270 levels. Among individual stocks, Titan declined 3 percent after Goldman Sachs downgraded the stock to 'sell'. Zee Entertainment, on the other hand, hit 10 percent upper circuit. Kotak Mahindra Bank, up 5 percent, was the top gainer in the Sensex pack. All the Nifty sectors were in the green, led by the Nifty Metal index, up 2.8 percent. Broader indices outperformed the benchmarks with both the S&P BSE MidCap as well as SmallCap indexes up over 2 percent each. In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today.

MARKET LIVE: Sensex, Nifty open with slim gains

MARKET LIVE: Sensex, Nifty open with slim gains

Thursday, April 23, 2020

Market in India will today react to the rebound in oil prices and global stocks, March quarter earnings, and coronavirus-related newsflow. US crude and Brent futures, both, rose more than 7 percent on Wednesday after touching their lowest levels since 1999 on the prospects for further production cuts. Besides, investors would track the two-day meeting of the economic advisory council which is expected to deliberate on the impact of the COVID-19 pandemic on economic growth in this fiscal year and the next. Read more

MARKET UPDATE: Sensex, Nifty volatile; RIL gains post Jio-Facebook deal

MARKET UPDATE: Sensex, Nifty volatile; RIL gains post Jio-Facebook deal

Wednesday, April 22, 2020

Equity markets in India today (22nd April 2020)fluctuated in early trade as the gains in Reliance Industries were offset by selling in banks and metal stocks amid weak global cues. Shares of Reliance Industries (RIL) gained 7 percent at Rs 1,326 on the BSE after the company announced that Facebook would invest Rs 43,547 crore ($5.7 billion) in the company’s wholly-owned subsidiary Jio Platforms to expand its presence in India. Among headline indices, the S&P BSE Sensex was up 27 points at 30,660 levels and the Nifty50 was hovering around the 9,000 mark. ONGC, down over 7 percent, was the top laggard in the Sensex pack. The Nifty sectoral indices were mixed, with the Nifty Metal index, down 2 percent, leading the list of losers.

Market live:Sensex tanks 1,000 points, Nifty below 9,000; ONGC, IndusInd fall 6% each

Market live:Sensex tanks 1,000 points, Nifty below 9,000; ONGC, IndusInd fall 6% each

Tuesday, April 21, 2020

Equity markets in India plunged today 21st April, following global trends, after US oil prices slipped below $0 a barrel in overnight trade. Further, US President Donald Trump's announcement that he would sign an executive order to temporarily suspend immigration into the US also impacted sentiment. Volatility index, India VIX, spiked 5 percent. Among headline indices, the S&P BSE Sensex slipped 928 points, or 2.93 percent, to 30,720 levels and the Nifty50 index hovered around 9,000 levels. Tata Steel and IndusInd Bank (both down over 7%) were the top laggards in the Sensex pack. Besides, Infosys slipped 2 percent post-March quarter results while oil-related stocks like Reliance Industries (down 4%) were also under pressure. All the Nifty sectoral indices were in the red, led by Nifty Metal index, down 5.8 percent

MARKET update: Sensex surged 1,000 points to to 31,600 levels and Nifty up 280 points around 9,270

MARKET update: Sensex surged 1,000 points to to 31,600 levels and Nifty up 280 points around 9,270

Friday, April 17, 2020

Equity markets in India rose today (, 17th April 2020)tracking firm global cues, ahead of the RBI's announcement of another imminent stimulus package from the government also lifted sentiment. Among headline indices, the S&P BSE Sensex surged 1,000 points, or 3.14 percent, to 31,600 levels. Banks and financials fired the index's rally with IndusInd Bank (up 6%), HDFC, Axis Bank, and Bajaj Finance (all up 5%) being the top gainers. IT giant Tata Consultancy Services (TCS) also jumped 4 percent post the company's March quarter results announcement. The broader Nifty50 index was up 280 points around 9,270 levels. All the Nifty sectoral indices were in the green, led by the Nifty Bank index, up over 4 percent.

Indian equity Market:Sensex falls 150 points, Nifty below 8,900

Indian equity Market:Sensex falls 150 points, Nifty below 8,900

Thursday, April 16, 2020

The Union Health Ministry has identified 170 districts as COVID-19 hotspots and 207 districts as potential hotspots. As of now, India has over 12,000 cases and 400 deaths. Meanwhile, data released yesterday showed that India’s exports contracted by 34.5 percent in March to $21.4 billion to record the steepest monthly fall in at least 25 years. Today (16th April) also Investors will react to coronavirus-related updates, global cues, macro data, and corporate earnings.

MARKET LIVE: Sensex rises as govt eases lockdown rules

MARKET LIVE: Sensex rises as govt eases lockdown rules

Wednesday, April 15, 2020

The equity market in India rose today (15th April 2020), lifted mainly by pharma and FMCG stocks, following positive cues from global indices. That apart, government's move to ease lockdown rules starting April 20 also boosted sentiment. Today the government permitted industries to operate in rural areas, manufacturing to start in Special Economic Zones (workers will have to stay within their premises or in "adjacent buildings"), though the transportation will have to be arranged by employers. Food processing in rural areas will also begin from April 20. Restrictions have also been eased for the construction sector. The S&P BSE Sensex was up 666 points, or 2.1 percent, at 31,380 levels and the Nifty50 index hovered around 9,200 level, up 210 points. Sun Pharma and Larsen & Toubro (both up 4%) were the top gainers in the Sensex pack. Meanwhile, Metropolis Healthcare fell nearly 14 percent after two large trades on the NSE. All the Nifty sectoral indices were in the green, led by Nifty

Indian Equity markets trading firm

Indian Equity markets trading firm

Thursday, April 9, 2020

Equity markets in India are trading firm today (9th March) after Wall Street's overnight rally on the hope that the coronavirus outbreak in the United States was close to a peak. Among headline indices, the S&P BSE Sensex was up 703 points, or 2.4 percent, at 30,620 and the Nifty50 index hovered around 8,970 level, up 224 points, or 2.5 percent. Index heavyweights HDFC, up 5 percent, was the top contributor to the Sensex's gain. Besides, Bajaj Finance, ICICI Bank, Axis Bank, and ONGC were all up over 4 percent. All the Nifty sectoral indices were in the green, led by the Nifty Auto index, up 7 percent. Besides, Nifty Pharma index gained 5 percent. Among the index's components, Cipla (up 15%) and Lupin (up 10%) were the top gainers. The broader market also tracked gains in the main indices. The S&P BSE MidCap and SmallCap indexes were both up over 2.5 percent each.

Market:Sensex slips further, Nifty below 8,200; banks, financials dip

Market:Sensex slips further, Nifty below 8,200; banks, financials dip

Friday, April 3, 2020

Indian equity markets, today (3rd April 2020) continued to slip downwards dragged down by banks and financial stocks, despite a bounce back in crude oil prices and global stocks. The S&P BSE Sensex dipped 253 points, or 0.95 percent, at 28,000 levels and the Nifty50 index was down 105 points, or 1.08 percent, at 8,160 level. Among individual stocks, Kotak Mahindra Bank was again the top loser after slipping 7 percent. Besides, IndusInd Bank dipped another 5 percent while both ICICI Bank and HDFC were down 4 percent each. Nifty Bank and Nifty Financial Services indexes, both down over 3 percent, were the top sectoral losers.

Sensex further falls, down 700 pts; broader indices outperform

Sensex further falls, down 700 pts; broader indices outperform

Wednesday, April 1, 2020

Today,1st April the Indian equity markets slid lower, in tune with Asian Markets, in the first trading session of FY21. The S&P BSE Sensex was down 702 points, or 2.4 percent, at 28,750 levels, and the Nifty50 index slipped 210 points, or 2.5 percent, to 8,380 levels. Kotak Mahindra Bank (down 8 percent) was the top drag on the Sensex while State Bank of India (down 4 percent) and HDFC Bank (down 3 percent) were the other major losers. On the other hand, IndusInd Bank jumped as much as 9 percent intraday. Among sectors, the Nifty Bank index slipped over 3 percent. The broader market, on the other hand, relatively outperformed. The S&P BSE MidCap index was down 0.6 percent and the S&P BSE SmallCap index was flat. Read more

Sensex hits 10% lower circuit; trading halted for 45 minutes

Sensex hits 10% lower circuit; trading halted for 45 minutes

Monday, March 23, 2020

Trading in Indian equity markets was halted for 45 minutes today (23rd March) after the S&P BSE Sensex hit its 10 per cent lower circuit level. The S&P BSE Sensex tanked 10 per cent, or 2,992 points, to 26,924 levels. The Nifty50 index fell 842 points, or 9.63 per cent, to 7,903. Although the markets saw an across-the-board selling, bank and auto stocks were the worst-hit. The Nifty Bank index was down 12.7 per cent. Axis Bank and ICICI Bank both plunged over 10 per cent each while Maruti Suzuki India was down 9.7 per cent. In the broader market, the S&P BSE MidCap index was trading with 6.9 per cent cut and the S&P BSE SmallCap index was down 6.4 per cent.

Indian equity markets fluctuated between gains and losses in a volatile session

Indian equity markets fluctuated between gains and losses in a volatile session

Friday, March 20, 2020

Equity markets fluctuated between gains and losses in a volatile session today,20th March, with index heavyweights HDFC twins and ICICI Bank( down 3 percent) pressuring the indices. HDFC Bank slipped over 7 percent and HDFC was down 4 percent. The S&P BSE Sensex hovered around 28,400 levels, up 247 points, or 0.87 percent. The Nifty50 index was trading 40 points or 0.48 percent, higher at 8,300 levels. The Nifty sectoral indices were trading mixed. While Nifty FMCG and Nifty Pharma indexes traded over 3 percent up each, the Nifty Bank and Nifty Financial Services indexes dipped 3 percent each. In broader markets, the S&P BSE MidCap was up 43 points, or 0.4 percent, and the S&P BSE SmallCap traded flat.

Tuesday 17th March update:Sensex up 500 points, Nifty above 9,300

Tuesday 17th March update:Sensex up 500 points, Nifty above 9,300

Tuesday, March 17, 2020

Indian equity markets recovered after a volatile start on Tuesday with the volatility index, India VIX, surging over 7 percent to a 12-year high level of 63.14. The S&P BSE Sensex was hovering around 31,860 levels, up 487 points, or 1.5 percent after falling as much as 500 points earlier in the session. The Nifty50 index was trading 150 points, or 1.62 percent, higher at 9,340 levels. The majority of the Nifty sectoral indices were trading in the green with the Nifty Metal index, up 3 percent, and Nifty Pharma index, up 2 percent, leading the gains. Among individual stocks, HDFC Bank and HDFC were both down over 1 percent each. On the other hand, YES Bank continued its uptrend and surged another 30 percent to Rs 48. In the broader market, the S&P BSE MidCap index was up 33 points, or 0.28 percent, and the S&P BSE SmallCap index was flat.

Equity market came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251

Equity market came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251

Wednesday, March 4, 2020

The equity market once again came under heavy selling pressure on 4th March. Benchmark indices tumbled around 2 percent during the day; however, they witnessed sharp recovery towards the end of the session, but still ended in the negative. The S&P BSE Sensex settled at 38,409, down 214 points or 0.55 percent. Of 30 stocks, 13 advanced while 17 declined.NSE's Nifty50 ended above 11,200 level at 11,251, down 52 points or 0.46 percent. 28 out of 50 stocks ended in the red and rest 22 in the green. Market breadth remained in favour of sellers as out of 2,534 companies traded on the BSE, 1,706 declined and 696 gained while 132 remained unchanged. Asian shares struggled to find their footing and bonds held stunning gains, as an emergency rate cut from the US Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’s widening global economic fallout. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.

Tag: equity market

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