Tag: global clues

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.

Today (31st March) Indian equity market bounced back as low-level buying in blue-chips propelled the indices higher even as there was a rapid increase in new coronavirus cases in the last 24 hours. A relatively better factory output data from China also helped the sentiments back home. Sensex gained 559 points to 28,999 while NSE benchmark Nifty added 165 points to 8,445. Broader market indices were in-line with their headline peers as Nifty Smallcap jumped 2.26 percent while Nifty Midcap rose 1.49 percent. Nifty 500 was up 1.98 percent. All sectoral indices were trading in the green on NSE with Nifty Metal leading. It was up 2.85 percent while Nifty Financial Services and NIfty Media jumped by over 2 percent. Nifty Realty and Nifty FMCG were among other major gainers. Read more