Tag: indian markets

CLOSING BELL: Sensex closed 288 points lower at 59,544, while the Nifty50 ended at 17,640, down 91 points

CLOSING BELL: Sensex closed 288 points lower at 59,544, while the Nifty50 ended at 17,640, down 91 points
Tuesday, October 25, 2022
Profit booking emerged on Dalal Street after a 7-day winning streak, with investors dumping FMCG and private banking stocks. The S&P BSE Sensex index closed 288 points, or 0.48 percent, lower at 59,544, while the Nifty50 ended at 17,640, down 91 points or 0.5 percent. Tech M, Maruti Suzuki, L&T, NTPC, Dr. Reddy's Labs, SBI, M&M, and Infosys were the top gainers on the Sensex index. These stocks gained between 0.6 percent and 3 percent. The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 percent to 3 percent. In the broader markets, the BSE MidCap index added 0.45 percent, but the BSE SmallCap index slipped 0.35 percent.

Historic gap with Indian stocks due to China's $5 trillion rout

Historic gap with Indian stocks due to China's $5 trillion rout
Sunday, October 2, 2022
Compared with a 23% slump for the MSCI China Index, the MSCI India Index rallied almost 10% in the just-ended quarter. The 33-percentage point outperformance by the India gauge is the biggest since March 2000. The big divergence between the two stock markets started to take place in February 2021 as tightening liquidity conditions in China contributed to the unwinding of a two-year rally in equities. Indian stocks, meanwhile, kept hitting record highs thanks to an unprecedented retail investing boom. Read more

MARKET UPDATE:Sensex soared over 650 points to 55,350, and the Nifty topped 16,550, gaining 200 points

MARKET UPDATE:Sensex soared over 650 points to 55,350, and the Nifty topped 16,550, gaining 200 points
Wednesday, July 20, 2022
The Indian markets, uplifted by the reduction in windfall tax on fuel exports and oil output, sharply edged higher today(20 July 2022) led by Reliance and ONGC, which rose 3-5 percent. The BSE Sensex soared over 650 points to 55,350, and the NSE Nifty50 topped 16,550, gaining 200 points. The broader markets also sat in green. The BSE MidCap and SmallCap indices were up to 0.9 percent higher. Among sectors, Nifty IT, metals, and oil & gas packs rose the most by 1.8 percent each. All other pockets also sat with firm gains of up to 1 percent. Rallis India fell 2 percent in a strong market reporting an 18.1 percent decline in Q1FY23 net profit at Rs 67.47 crore when compared with Rs 82.42 crore in Q1FY22. Uplifted by the reduction in windfall tax on fuel exports and oil output, x sharply edged higher on Wednesday led by Reliance and ONGC, which rose 3-5 percent.

CLOSING BELL:Sensex surged 246 points to close at 54,768, while the Nifty reclaimed 16,300-mark to end at 16,341

CLOSING BELL:Sensex surged 246 points to close at 54,768, while the Nifty reclaimed 16,300-mark to end at 16,341
Tuesday, July 19, 2022
Indian benchmark indices rose at the fag-end of a choppy session, amid gains in PSU and select private banks, financial services, and select heavyweight stocks. The S&P BSE Sensex surged 246 points higher to close at 54,768, while the Nifty50 reclaimed 16,300-mark to end at 16,341. The index was 62 points higher at the end of the session. The indices were up 0.45 percent and 0.38 percent, respectively. Axis Bank, IndusInd Bank, M&M, Tata Steel, Ultratech Cement, Bajaj Finserv, Bharti Airtel, SBI, Coal India, Eicher Motors, and ICICI Bank were the top rulers, up between 1-2.3 percent. On the flipside, ONGC, Nestle India, HDFC Life, Sun Pharma, Tata Consumer, Cipla, Hero MotoCorp, and SBI Life ended lower, down up to 2.6 percent. Read more

MARKET UPDATE: Sensex fell 200 points to 54,360, and the Nifty slipped 50 points to 16,227

MARKET UPDATE: Sensex fell 200 points to 54,360, and the Nifty slipped 50 points to 16,227
Tuesday, July 19, 2022
The BSE Sensex fell 200 points to 54,360, and the NSE Nifty50 slipped 50 points to 16,227. Tata Steel, Sun Pharma, Bharti Airtel, NTPC, Reliance, Ultratech Cement, PowerGrid, and Dr. Reddy were the handful of gainers on the Sensex. ONGC and Coal India were the additional Nifty winners. On the flipside, HCL Tech, Asian Paints, Tech M, TCS, Infy, Bajaj Finserv, HUL, Nestle, Tata Consumer, HDFC Life, and Britannia led losses on the two indices, down up to 1.5 percent. However, the broader markets opened in green. The BSE MidCap and SmallCap indices were up to 0.14 percent higher. Sectorally, Nifty auto, metals, and pharma indices outperformed the weak market, rising up to 0.6 percent. Financials, FMCG and IT sat with losses. Among stocks, Surya Roshini rose over 4 percent on winning an order worth Rs 91 crores. In the currency market, the rupee breached the 80/$ mark at open before slightly pulling back to 79.95/$.

CLOSING BELL: Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points

CLOSING BELL: Sensex jumped 760 points to end at 54,521 level while the Nifty closed at 16,279, up 229 points
Monday, July 18, 2022
Indian benchmark indices surged over 1 percent higher today(18 July 2022), led by nearly broad-based buying driven by upbeat global momentum. The S&P BSE Sensex jumped 760 points to end at the 54,521 level while the Nifty closed at 16,279, up 229 points. The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries. All these index heavyweights rallied between 0.85 percent and 4.5 percent. Separately, Tech M, Bajaj twins, Wipro, Ultratech Cement, Tata Steel, Titan, and Asian Paints were the other gainers rising up to 3.5 percent. On the downside, Dr. Reddy's Labs, HDFC Bank, HUL, Nestle, M&M, Maruti Suzuki, and HDFC were the laggards, down in the range of 0.5 percent to 1.7 percent. Read more

MARKET UPDATE: Sensex rose over 450 points to 54,237, while Nifty advanced 130 points to 16,180

MARKET UPDATE: Sensex rose over 450 points to 54,237, while Nifty advanced 130 points to 16,180
Monday, July 18, 2022
Indian stock markets opened with strong gains today(18 July 2022) tracking strength in Asian and US equities. The BSE Sensex rose over 450 points to 54,237, and the NSE Nifty50 advanced 130 points to 16,180. Infosys, Tech M, L&T, Dr. Reddy's, Sun Pharma IndusInd Bank, HUL, Tata Steel, and ICICI Bank led gains on the Sensex, rising 1-2 percent. Hindalco, JSW Steel, UPL, and ONGC were the additional gainers on Nifty. While HDFC twins, Britannia and M&M were the sole index losers holding tepid cuts. Read more

MARKET UPDATE: Sensex rose 300 points to 53,717, and Nifty gained 88 points to 16,030

MARKET UPDATE: Sensex rose 300 points to 53,717, and Nifty gained 88 points to 16,030
Friday, July 15, 2022
The Indian markets opened with nominal gains today(15 July 2022) tracking mixed cues from overseas amid declining commodity prices. The BSE Sensex rose 300 points to 53,717, and the NSE Nifty50 gained 88 points to 16,030. Bharti Airtel, SBI, Bajaj Finance, IndusInd, L&T, Kotak Bank, HUL, Infosys, and Tech M led gains on the Sensex. Britannia, Apollo Hospital, and Tata Consumer were the additional winners on Nifty. On the flipside, Tata Steel, HCL Tech, Axis Bank, Wipro, Tata Steel, JSW Steel, ONGC, and Hindalco were the top index drags. Read more

MARKET UPDATE: Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031

MARKET UPDATE: Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031
Thursday, July 14, 2022
The Indian markets started today's(14 July 2022) session with tepid gains as investors digested a 41-year high retail inflation in the US at 9.1 percent for June. The BSE Sensex rose 180 points to 53,700, and the NSE Nifty50 advanced 60 points to 16,031. Sun Pharma, Bharti Airtel, Titan, Nestle, L&T, HUL, Power Grid, and Dr. Reddy were the top winners of the Sensex. Apollo Hospitals, Tata Consumer, and Britannia were additional gainers on the Nifty. On the other hand, SBI, Axis Bank, ITC, Tata Steel, and JSW Steel were among the handful of index losers. The broader markets also opened in green. The BSE MidCap and SmallCap indices were up to 0.11 percent higher. Read more

MARKET UPDATE: Indian equity markets: Likely to open on a muted note

MARKET UPDATE: Indian equity markets: Likely to open on a muted note
Thursday, June 30, 2022
As global cues turn mixed, the Indian equity markets are likely to open on a muted note today(30 June 2022). At 7:54 AM, the SGX Nifty Futures quoted 15,740 levels, indicating a cut of over 50 points on the Nifty50. Globally, the US markets closed mixed yesterday (29 June) after Federal Reserve Chairman Jerome Powell emphasised the central banks' hawkish stance to tame high inflation. While Dow Jones advanced 0.2 percent, both NASDAQ Composite and the S&P 500 dropped into the negative zone - falling to 0.03 percent and 0.07 percent, respectively. Read more

MARKET UPDATE: Indian equity markets: A tepid opening is on cards

MARKET UPDATE: Indian equity markets: A tepid opening is on cards
Wednesday, June 29, 2022
As global sentiments turn bearish a tepid opening is on cards for the Indian equity markets today(29 June 2022). At 7:44 AM, the SGX Nifty Futures were quoted at 15,697 levels, indicating a gap-down of over 100 points on the Nifty50. The US equity markets suffered from big cuts in trade on Tuesday. Dow Jones fell 1.5 percent, the S&P 500 dropped 2.01 percent, and NASDAQ Composite slipped 2.9 percent. Meanwhile, investors will keenly watch the US quarterly GDP data today' Markets in Asia-Pacific imitated the sour global mood and fell in trade on Wednesday morning. While Japan's Nikkei 225 dropped 0.9 percent, South Korea's Kospi was down 1.5 percent. That apart, prices of crude oil edged higher in trade. Brent Crude jumped 2.5 percent to $117.58 a barrel and WTI Crude added 2 percent to $111.76 a barrel. Read more

MARKET UPDATE: Indian equity markets are likely to open on a choppy ground

MARKET UPDATE: Indian equity markets are likely to open on a choppy ground
Tuesday, June 28, 2022
The Indian equity markets are likely to open on the choppy ground today(28 June 2022) as investors' moods turn cautious overseas. As of 7:58 AM, the SGX Nifty Futures quoted 15,736 levels, indicating a cut of 96-odd points on the Nifty50. Globally, the US equity markets turned muted as all major indexes on Wall Street dropped in trade on Monday, June 27. Dow Jones slipped 0.2 percent, the S&P 500 dropped 0.3 percent, and NASDAQ Composite fell 0.7 percent. Today morning, major markets in Asia-Pacific, too, traded mixed as covid-19 clampdown drowned hopes of a robust recovery. While Hong Kong's Hang Seng index was 0.7 percent, Japan's Nikkei 225 advanced 0.4 percent. Among individual stocks, Bajaj Auto will see some action as the board-approved buyback worth up to Rs 2,500 crore. Besides that, Moody's upgraded Tata Steel's outlook to 'positive' from 'stable' on strong operational performance backed by a healthy liquidity position.

MARKET UPDATE: Sensex rose 700 points to 53,335, while Nifty gained 180 points to 15,880

MARKET UPDATE: Sensex rose 700 points to 53,335, while Nifty gained 180 points to 15,880
Monday, June 27, 2022
The Indian markets were firmly higher in early trades today(27 June 2022) tracking strength in the US and Asia. The BSE Sensex rose 700 points to 53,335, while the NSE Nifty gained 180 points to 15,880. In the broader markets, the BSE MidCap and SmallCap indices also sat in the positive territory, rising 1 percent and 1.6 percent, respectively. Sector-wise also all pockets moved higher. Nifty IT and metals led the gains, rising over 2 percent each. Banks, Auto, Financials, and Realty also gained over 1 percent each. Among stocks, Hindustan Copper gained over 2 percent. The state-owned company will meet on Thursday to consider a proposal to raise up to Rs 500 crore via debentures. SBI cards rose 3 percent after the company's May credit card spending rose by 8 percent from April.

MARKET UPDATE: Sensex rose 500 points to 52,800, and Nifty advanced 150 points to 15,710

MARKET UPDATE: Sensex rose 500 points to 52,800, and Nifty advanced 150 points to 15,710
Friday, June 24, 2022
In tune with positive global cues across the US and Asian equities, the Indian markets opened firmly higher today(24 June 2022). The BSE Sensex rose 500 points to 52,800, and the NSE Nifty advanced 150 points to 15,710. IndusInd Bank, Axis Bank, SBI, ICICI, Bajaj Finance, Wipro, Tata Steel, Bharti Airtel, HUL, and Ultratech Cement led gains on the Sensex, gaining up to 2.7 percent. ONGC and Apollo Hospitals were the additional winners on the Nifty. Tech M and Asian Paints were the only losers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, rising up to 1 percent. Read more

Sensex on flatline at 51,972 level, while Nifty held the 15,400-mark

Sensex on flatline at 51,972 level, while Nifty held the 15,400-mark
Thursday, June 23, 2022
The Indian markets opened flat today(23 June 2022) tracking mixed global cues. The BSE Sensex was around the flatline at the 51,972 level, while the NSE Nifty held the 15,400 mark. Among the Sensex-30 shares, Airtel, Wipro, TCS, Maruti, ICICI Bank, Ultratech Cement, Asian Paints, M&M, and Dr Reddy's were the top gainers, up to 2 percent higher. Hero Moto and Bajaj Auto rose 4 percent and 3 percent, respectively, on the Nifty. Titan, PowerGrid, Reliance, Apollo Hospitals, ONGC, and SBI Life, meanwhile, were the top laggards on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were in the positive territory, up to 0.4 percent higher. Read more

MARKET UPDATE: Sensex fell 400 points to 52,140, while the NSE Nifty shed 125 points to 15,513

MARKET UPDATE: Sensex fell 400 points to 52,140, while the NSE Nifty shed 125 points to 15,513
Wednesday, June 22, 2022
The Indian markets opened with steep cuts today(22 June 2022) tracking weakness in US futures and some Asian markets. The BSE Sensex fell 400 points to 52,140, while the NSE Nifty shed 125 points to 15,513. Tata Steel, NTPC, Wipro, Tech M, HCL Tech, IndusInd Bank, Titan, and Reliance led losses on the Sensex, down up to 3 percent. Hindalco, ONGC, and JSW Steel were the top Nifty losers. On the downside, Dr. Reddy's, HUL, Asian Paints, Bajaj Auto, Maruti, and Sun Pharma were among the handful of gainers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were in the negative territory, falling up to 0.8 percent. Read more

MARKET UPDATE: Sensex rose 400 points to reclaim the 52,000-mark, and Nifty gained 100 points to 15,450

MARKET UPDATE: Sensex rose 400 points to reclaim the 52,000-mark, and Nifty gained 100 points to 15,450
Tuesday, June 21, 2022
Continuing their recovery, the Sensex and Nifty indices extended gains today(21 June 2022) opening higher. The BSE Sensex rose 400 points to reclaim the 52,000 mark, and the NSE Nifty gained 100 points to 15,450. Among the Sensex-30 shares, Tata Steel, IndusInd Bank, Titan, SBI, Tech M, Reliance, Bajaj twins, and HDFC were the top gainers. Hindalco, Tata Motors, Eicher Motors, and JSW Steel led gains on the Nifty. On the downside, HUL and Ultratech Cement were the sole underperformers across the two benchmarks. Read more

MARKET UPDATE: Sensex gained 170 points to 51,537 and the Nifty moved 30 points higher to 15,320

MARKET UPDATE: Sensex gained 170 points to 51,537 and the Nifty moved 30 points higher to 15,320
Monday, June 20, 2022
After an extremely negative week, the key benchmark indices started today's(20 June 2022) session with tepid gains amid subdued global sentiment. The BSE Sensex gained 170 points to 51,537 and the NSE Nifty50 moved 30 points higher to 15,320. Sun Pharma, Asian Paints, HUL Bajaj Finance, Wipro, TCS, and HDFC twins were the top winners on the Sensex. Tata Motors and Apollo Hospitals were the additional gainers on the Nifty. Whereas Tata Steel, PowerGrid, Coal India, ONCC, JSW Steel, and Hindalco were the top losers across the two benchmarks, down up to 4.5 percent. The broader markets, meanwhile, opened in the red. The BSE MidCap and SmallCap indices were up to 0.2 percent lower. Read more

MARKET UPDATE: Sensex fell 400 points to 51,081, while Nifty shed 117 points to 15,240

MARKET UPDATE: Sensex fell 400 points to 51,081, while Nifty shed 117 points to 15,240
Friday, June 17, 2022
The Indian markets opened lower today (17 June 2022), following a sharp selloff the previous day amid lingering global weakness. The BSE Sensex fell 400 points to 51,081, while the NSE Nifty shed 117 points to 15,240. On the Sensex, Wipro, TCS, HCL Tech, Titan, Tech M, IndusInd Bank, HDFC and Asian Paints led losses, down up to 2.6 per cent. Britannia, Tata Motors and HDFC Life were among losers on the Nifty. Read more

MARKET UPDATE: Sensex rose 568 points to 53,109, while Nifty at 15,860, higher by 170 points

MARKET UPDATE: Sensex rose 568 points to 53,109, while Nifty at 15,860, higher by 170 points
Thursday, June 16, 2022
The markets in India opened with strong gains today(16 June 2022) after global equities cheered the 75 bps rate hike by the US Fed overnight. The BSE Sensex rose 568 points to 53,109, while the NSE Nifty was at 15,860, higher by 170 points. Among the Sensex-30 shares, Reliance, Bajaj twins, ICICI Bank, IndusInd Bank, Maruti, SBI, Titan, and Axis Bank led gains, rising up to 2 percent. BPCL, Tata Motors, and Coal India were the additional winners on the Nifty. On the flipside, PowerGrid, Nestle, Dr. Reddy's, HUL, Bharti Airtel, and ONGC were the handful of losers on the two benchmarks. Read more

MARKET UPDATE: Sensex rose 60 points to 52,743, while Nifty was at 15,754, higher by 22 points

MARKET UPDATE: Sensex rose 60 points to 52,743, while Nifty was at 15,754, higher by 22 points
Wednesday, June 15, 2022
The markets in India opened flat today(15 June 2022) tracking mixed global cues ahead of the US Fed policy outcome later tonight. The BSE Sensex rose 60 points to 52,743, while the NSE Nifty was at 15,754, higher by 22 points. Tata Steel, Bajaj twins, M&M, Wipro, Asian Paints, IndusInd Bank, SBI, and Maruti were the top gainers on the 30-share Sensex. Tata Motors, Grasim, and Apollo Hospitals were the additional winners on the Nifty. HUL, Reliance, Bharti Airtel, HDFC twins, Nestle, BPCL, Britannia, and Titan, meanwhile, were the top losers on the two frontline indices. Read more

MARKET UPDATE: Sensex fell 200 points to 52,677, while Nifty slipped 40 points to 15,730

MARKET UPDATE: Sensex fell 200 points to 52,677, while Nifty slipped 40 points to 15,730
Tuesday, June 14, 2022
The Indian markets opened with nominal losses today (14 June 2022) as a global sell-off continued overnight in the US and across Asia this morning. The BSE Sensex fell 200 points to 52,677, while the NSE Nifty slipped 40 points to 15,730. Tech M, Asian Paints, HDFC twins, Wipro, Infosys, ICICI Bank, and Kotak Bank led losses on the Sensex, while Tata Motors, HDFC Life, and HeroMoto Corp were the additional laggards on the Nifty. On the upside, Bharti Airtel, M&M, L&T, NTPC, PowerGrid, Dr. Reddy's, Tata Steel, ITC, Adani Ports, and Grasim were the top gainers, lending strength to the benchmarks. Read more

MARKET UPDATE: Sensex slumped over 1,500 points as it slipped below the 53,000 level and Nifty shed 400 points to moved below 15,800

MARKET UPDATE: Sensex slumped over 1,500 points as it slipped below the 53,000 level and Nifty shed 400 points to moved below 15,800
Monday, June 13, 2022
The Indian equity markets cracked on the bourses today(13 June 2022), bleeding under global pressure. The S&P BSE Sensex slumped over 1,500 points as it slipped below the 53,000 level and the Nifty50 shed 400 points to move below 15,800. All sectors also held steep losses led by Nifty PSBs that cracked 4 percent. Nifty Realty, Banks, and Financials were the next top losers, sliding 3 percent each. The broader markets were also in tandem with the frontline indices. The BSE MidCap and SmallCap indices tanked 2.3 and 2.4 percent, respectively. LIC slips 4% as anchor investor lock-in ends; down 28% from the issue price. In the currency market, the rupee yet again slumped to an all-time low as it breached the 78/$- mark.

MARKET UPDATE: Sensex fell over 700 points to 54,580, while Nifty shed 200 points to hover around 16,250

MARKET UPDATE: Sensex fell over 700 points to 54,580, while Nifty shed 200 points to hover around 16,250
Friday, June 10, 2022
The Indian key benchmark indices were sharply lower today(10 June 2022), tracking a plunge in global markets on inflation fears and ahead of the US May CPI data, which remains a crucial pivot for investors around the world. The BSE Sensex fell over 700 points to 54,580, while the NSE Nifty shed 200 points to hover around 16,250. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 0.9 percent. Read more

MARKET UPDATE: Sensex down 100 points to 54,770, while Nifty held on to the 16,300-mark

MARKET UPDATE: Sensex down 100 points to 54,770, while Nifty held on to the 16,300-mark
Thursday, June 9, 2022
The key benchmark indices in Indian markets erased opening losses in early trades today(9 June 2022) as heavyweights RIL, ITC, and pharma stocks remained firm in a weak market. Investors are digesting the possibility of more interest rate hikes in the current fiscal after the RBI delivered a 50 bps hike on Wednesday. The BSE Sensex was off day's low, down 100 points to 54,770, while the NSE Nifty held on to the 16,300-mark. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 0.3 percent. Sectorally, barring pharma and oil & gas pockets on the Nifty, all other indices sat in red. Nifty IT, realty, banks, financials, and auto were down up to 0.6 percent. Among stocks, Oil India defied market sentiment and surged 7 percent as brent continues to trade at elevated levels of $124 a barrel.

MARKET UPDATE: Sensex up 190 points to 55,298 and Nifty up 59 pts to 16,476

MARKET UPDATE: Sensex up 190 points to 55,298 and Nifty up 59 pts to 16,476
Wednesday, June 8, 2022
The Indian markets turned positive after the Reserve Bank of India (RBI) retained the GDP growth forecast at 7.2 percent today(8 June 2022). It, however, hiked the key repo rate by 50 bps to rein in inflation. This was the second raise in a row this year, which came in line with Street's expectations. With this, the repo rate now stands at 4.9 percent, up from 4.4 percent. RBI Governor Shaktikanta Das added that the MPC has decided unanimously to keep the policy stance ‘withdrawal of accommodation’. The BSE Sensex was up 190 points to 55,298 and the NSE Nifty50 was up 59 pts to 16,476. On the inflation front, the central bank raised the consumer price (CPI) or retail inflation forecast for FY23 to 6.7 percent from 5.7 percent. Sector-wise, Banks, Financials, Metals, PSBs, and Realty indices held nominal gains on the Nifty. While, Auto, IT, Pharma, FMCG, and Consumer Durables were the top losers, down up to a percent.

MARKET UPDATE: Sensex fell 600 points to 55,050, while Nifty shed 180 points to slip below 16,400

MARKET UPDATE: Sensex fell 600 points to 55,050, while Nifty shed 180 points to slip below 16,400
Tuesday, June 7, 2022
The Indian key benchmark indices extended losses in early deals today(7 June 2022) tracking subdued sentiment overseas. The BSE Sensex fell 600 points to 55,050, while the NSE Nifty shed 180 points to slip below 16,400. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down up to 1 percent. Sectorwise, consumer durables, financials, auto, realty, and banks led losses on the Nifty, down up to 2 percent. Nifty IT and FMCG were other notable losers. Among stocks, shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, plunged 10 percent on the BSE after Yashish Dahiya, chairman executive and CEO of the company revealed his plan to sell up to 3.77 million equity shares through an open market.

MARKET UPDATE: Sensex down 300 points to 55,438, and Nifty slipped 90 points to 16,500

MARKET UPDATE: Sensex down 300 points to 55,438, and Nifty slipped 90 points to 16,500
Monday, June 6, 2022
The Indian key benchmark indices held minor cuts in today's(6 June 2022) session tracking weakness in global markets as investors raised bets of steeper rate hikes by the US Fed, following positive unemployment data on Friday. In early deals, the BSE Sensex was down 300 points to 55,438, and the NSE Nifty50 slipped 90 points to 16,500. IT stocks led losses on the Sensex with Wipro, Tech M, Infosys, TCS, and HCL Tech dropping 1-2 percent. Bajaj twins, HUL, and Asian Paints were the other notable laggards. The broader markets also opened in the red. The BSE MidCap and SmallCap indices were up to 0.2 percent lower. Sectorally, Nifty IT, Media, Metals, PSBs, and Realty indices suffered the maximum losses, each down over 1 percent. Other pockets were also in red.

MARKET UPDATE: Sensex rose 500 points to 56,320, while Nifty climbed 150 points to 16,780

MARKET UPDATE: Sensex rose 500 points to 56,320, while Nifty climbed 150 points to 16,780
Friday, June 3, 2022
The key benchmark indices were upbeat today(3 June 2022) following a relief rally in the US markets overnight and firm Asian indices. The BSE Sensex rose 500 points to 56,320, while the NSE Nifty climbed 150 points to 16,780. In the broader markets, the BSE MidCap and SmallCap indices also opened in the green, rising up to 0.8 percent. Sectorally, Nifty IT soared over 2 percent following a strong rally in US tech stocks on overnight. Nifty Bank, PSBs, and Pharma were other notable winners. Specialty company Aether Industries is listed at Rs 706, a 10 percent premium over its issue price of Rs 642, on the BSE. The stock soon after hit the upper circuit, surging over 20 percent.

Closing Bell: Sensex closed at 55,818, up 437 points while Nifty settled tad below the 16,650-mark at 16,628, up 105 points

Closing Bell: Sensex closed at 55,818, up 437 points while Nifty settled tad below the 16,650-mark at 16,628, up 105 points
Thursday, June 2, 2022
Indian benchmark indices settled near the day's high-level today(2, June 2022), rallying for the first time in three days. After a weak start, the S&P BSE Sensex staged a one-way upmove and closed at 55,818, up 437 points or 0.79 percent. This was 683 points higher than the day's low of 55,135. On the NSE, the Nifty50 settled a tad below the 16,650-mark at 16,628, up 105 points or 0.64 percent. Reliance Industries (RIL) was the biggest contributor, accounting for over 65 percent of today's gains, as its shares surged 3.6 percent. Bajaj Finserv, Sun Pharma, HCL Tech, Asian Paints, Infosys, TCS, IndusInd Bank, and Tata Steel were the other notable gainers on the 30-pack index. On the downside, HDFC, PowerGrid, HUL, HDFC Bank, L&T, and Kotak Bank capped the upside. Read more

MARKET UPDATE: Sensex held mild gains around 100 points and the NSE Nifty was broadly unchanged at 16,520

MARKET UPDATE: Sensex held mild gains around 100 points and the NSE Nifty was broadly unchanged at 16,520
Thursday, June 2, 2022
The Indian frontline indices opened with minor cuts today (2 June 2022) amid subdued global sentiment, but turned flat soon after, as IT and public sector banks gained buying interest. The BSE Sensex held mild gains of around 100 points and the NSE Nifty was broadly unchanged at 16,520. In the broader markets, the BSE MidCap was down 0.3 percent while the SmallCap index was up equally. Sectorally, Nifty Financials, FMCG, Banks, and Auto indices were notable losers, down 1 percent. On the flip side, IT and PSB indices on the Nifty held strong gains of around a percent each. Among stocks, Religare Enterprises soared over 10 percent. The company said it has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt-free.

MARKET UPDATE: Sensex up around 400 points at 54,650, while Nifty neared the 16,300-level

MARKET UPDATE: Sensex up around 400 points at 54,650, while Nifty neared the 16,300-level
Friday, May 27, 2022
The Indian key benchmark indices were seen holding gains in noon deals on the back of sustained buying support in IT and financial shares, today (27 May 2022) The BSE Sensex was up around 400 points at 54,650, while the NSE Nifty neared the 16,300-level. The broader markets were also up with gains - the BSE MidCap and SmallCap indices were up over a percent each. The breadth too was fairly positive, with advancing shares outpacing declining stocks in the 2:1 ratio. Sector-wise, the BSE IT, Bankex and Capital Goods indices were the top performers, while the Oil & Gas index lagged, dragged by Reliance. Christopher Wood, global head of equity strategy at Jefferies believes that S&P 500 has more room for a downside. Investors, he suggests, should look to exit stocks on any intermittent bounce-back.

MARKET UPDATE: Sensex rose 327 points to 54,077, while Nifty climbed 84 points to 16,110

MARKET UPDATE: Sensex rose 327 points to 54,077, while Nifty climbed 84 points to 16,110
Thursday, May 26, 2022
The Indian key benchmark indices started today’s(26 May 2022) session on a positive note following a rally in US markets overnight. The BSE Sensex rose 327 points to 54,077, while the NSE Nifty climbed 84 points to 16,110. Among the Sensex-30 shares, Tata Steel, ICICI Bank, Wipro, Axis Bank, HDFC Bank, TCS, PowerGrid, IndusInd Bank, HCL Tech, and SBI were the top gainers, gaining up to 1 percent. Hindalco was the additional winner on Nifty, up 1.5 percent. HUL, Bharti Airtel, NTPC, M&M, L&T, BPCL, ONGC, and Apollo Hospitals, meanwhile, were the top losers on the two benchmarks. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, rising up to 0.4 percent. Read more

MARKET UPDATE: Sensex around the flatline, holding 54,050 while Nifty at 16,130

MARKET UPDATE: Sensex around the flatline, holding 54,050 while Nifty at 16,130
Wednesday, May 25, 2022
The key benchmark indices in Indian markets erased all opening gains and turned flat in today's(25 May 2022) trade amid muted global sentiment. The BSE Sensex and the NSE Nifty50 were around the flatline, holding 54,050, and 16,130 levels, respectively. Asian Paints, IT majors-TCS, Wipro, Infosys, Tech M, and HCL Tech were the top losers on the 30-share index, slipping 1-3 percent. The broader markets were underperforming the benchmarks. The BSE MidCap and SmallCap indices pared gains and fell 0.8 percent and 1.2 percent, respectively. Sector-wise, banking indices on BSE- bankex, finance, and private bank- rose 1 percent each, leading to the gains. While Nifty IT extended its fall, down 2 percent tracking Nasdaq's losses on Tuesday.

MARKET UPDATE: Sensex down 100 points to 54,210, while Nifty at 16,180, lower by 35 points

MARKET UPDATE: Sensex down 100 points to 54,210, while Nifty at 16,180, lower by 35 points
Tuesday, May 24, 2022
The Indian key benchmark indices opened today's(24 May 2022) session on a quiet note tracking losses in US equity futures and subdued Asian markets. In early deals, the BSE Sensex was down 100 points to 54,210, while the NSE Nifty was at 16,180, lower by 35 points. Logistics giant Delhivery saw a tepid debut, listing at a 1.2 percent premium on the BSE, at Rs 493 vs the issue price of Rs 487 a share. Venus Pipes and Tubes debuted at Rs 335, a premium of 2.76 percent over the issue price of Rs 326, on the BSE. That apart, sectorally, Nifty metals that slumped over 8 percent the previous day, were seen recovering partially. The index rose 1 percent, and PSBs also gained a percent. The two were leading sectoral gains. Other gainers included Nifty energy, banks, and auto pockets. While FMCG and IT were in the red.

MARKET UPDATE: Sensex down 100 points to 54,210, while Nifty at 16,180, lower by 35 points

MARKET UPDATE: Sensex down 100 points to 54,210, while Nifty at 16,180, lower by 35 points
Tuesday, May 24, 2022
The Indian key benchmark indices opened today's(24 May 2022) session on a quiet note tracking losses in US equity futures and subdued Asian markets. In early deals, the BSE Sensex was down 100 points to 54,210, while the NSE Nifty was at 16,180, lower by 35 points. Logistics giant Delhivery saw a tepid debut, listing at a 1.2 percent premium on the BSE, at Rs 493 vs the issue price of Rs 487 a share. Venus Pipes and Tubes debuted at Rs 335, a premium of 2.76 percent over the issue price of Rs 326, on the BSE. That apart, sectorally, Nifty metals that slumped over 8 percent the previous day, were seen recovering partially. The index rose 1 percent, and PSBs also gained a percent. The two were leading sectoral gains. Other gainers included Nifty energy, banks, and auto pockets. While FMCG and IT were in the red.

MARKET UPDATE: Sensex rose over 250 points to 54,600, and Nifty gained 60 points to 16,330

MARKET UPDATE: Sensex rose over 250 points to 54,600, and Nifty gained 60 points to 16,330
Monday, May 23, 2022
The Indian key benchmark indices advanced today's early deals (23 May 2022) on the back of buying auto and construction stocks. The BSE Sensex rose over 250 points to 54,600, and the NSE Nifty50 gained 60 points to 16,330. Auto stocks Maruti, Hero Moto, Tata Motors, and Eicher Motors were among the top winners on Nifty, up 2.5-4 percent. On the flip side, metal stocks slumped on the hike in steel export duty. Tata Steel and JSW Steel fell over 10 percent each, leading to losses on Sensex and Nifty. The broader markets were outperforming the benchmarks. The BSE MidCap and the SmallCap indices rose up to 0.7 percent.

MARKET UPDATE: Sensex sank 1000 points to 53,180, and Nifty tanked 300 points to 15,920

MARKET UPDATE: Sensex sank 1000 points to 53,180, and Nifty tanked 300 points to 15,920
Thursday, May 19, 2022
The Indian key benchmark indices were trading with deep cuts today(19 May 2022) in tune with the sharp global selloff. The BSE Sensex sank 1000 points to 53,180, and the NSE Nifty tanked 300 points to 15,920. The broader markets were also weak in line with frontline indices. The BSE MidCap and SmallCap indices slumped up to 2 percent. The market breadth was extremely negative with 1,170 stocks declining as against 423 rising on the BSE. The India VIX surged 9 percent to 24 levels indicating high nervousness among investors. Read more

MARKET UPDATE: Sensex rose 250 points to 54,570, and Nifty slipped 70 points to 16,330

MARKET UPDATE: Sensex rose 250 points to 54,570, and Nifty slipped 70 points to 16,330
Wednesday, May 18, 2022
The Indian key benchmark indices started today's(18 May 2022) session with mild gains amid mixed cues. The BSE Sensex rose 250 points to 54,570, and the NSE Nifty50 slipped 70 points to 16,330. Bharti Airtel, Infosys, Tech M, Wipro, Tech M, Dr. Reddy's, Sun Pharma, and Bajaj Finance were the top winners on the Sensex, rising up to 2 percent. Eicher Motors, Cipla, and SBI Life were the additional Nifty winners. On the downside, PowerGrid, NTPC, Tata Steel, Coal India, ONGC, Hindalco, JSW Steel, and Nestle were the top laggards on the benchmarks. Read more

MARKET UPDATE: Sensex rose 600 points to 53,570, and Nifty climbed above 16,000

MARKET UPDATE: Sensex rose 600 points to 53,570, and Nifty climbed above 16,000
Tuesday, May 17, 2022
In Indian markets, the key benchmark indices extended gains in early deals today(17 May 2022). The BSE Sensex rose 600 points to 53.570, and the NSE Nifty climbed above 16,000. Meanwhile, LIC is listed at Rs 867.20 on the BSE, a discount of 8.6 percent as against the issue price of Rs 949. The stock touched a low of Rs 860.10, and then recovered and rallied to a high of Rs 920. At 10:13 AM, the stock traded at Rs 897.50 with around 1.28 million shares has exchanged hands on the BSE. In the broader markets, the BSE MidCap and SmallCap indices also opened in the positive territory, rising up to 0.7 percent. Read more

MARKET UPDATE: Sensex rose 500 points to 53,300 and Nifty was above 15,900, up 150 points

MARKET UPDATE: Sensex rose 500 points to 53,300 and Nifty was above 15,900, up 150 points
Monday, May 16, 2022
The Indian key benchmark indices were higher in today's(16 May 2022) early trade amid broad-based buying. The BSE Sensex rose 500 points to 53,300 and the NSE Nifty50 was above 15,900, up 150 points. Reliance, ICICI Bank, HDFC twins, and SBI led the upmove. The broader markets were also buoyant. The BSE MidCap and SmallCap indices were up to 1 percent higher. Read more

MARKET UPDATE: Sensex up 300 points to 53,246, while Nifty was around 15,900 level, after touching 16,000 earlier

MARKET UPDATE: Sensex up 300 points to 53,246, while Nifty was around 15,900 level, after touching 16,000 earlier
Friday, May 13, 2022
The Indian key benchmark indices erased their opening gains in early deals as financial stocks underperformed. The BSE Sensex was up 300 points to 53,246, while the NSE Nifty was around the 15,900 level after it touched 16,000 earlier. The broader markets were in the green with the BSE MidCap and SmallCap indices rising up to 1.4 percent. Read more

MARKET UPDATE: Sensex shed around 1,000 points, while Nifty fell below the 15,900-level

MARKET UPDATE: Sensex shed around 1,000 points, while Nifty fell below the 15,900-level
Thursday, May 12, 2022
The Indian key benchmark indices opened with sharp cuts today(12 May 2022) and extended losses in early deals as global markets fell on high US inflation data for April which has further dented the investors' confidence. The BSE Sensex shed around 1,000 points, while the NSE Nifty fell below the 15,900-level. Read more

MARKET UPDATE: Sensex down 250 points to 54,100, while Nifty climbed 60 points to 16,170

MARKET UPDATE: Sensex down 250 points to 54,100, while Nifty climbed 60 points to 16,170
Wednesday, May 11, 2022
The markets in India turned negative in early deals today(11 May 2022) as selling pressure built up in IT and FMCG counters. In tune with the global markets ahead of key macro-economic data the key indices are choppy in trade. The US is slated to release its April inflation numbers later today, while China's factory and consumer prices for the month have come above estimates. China's consumer price index (CPI) for April grew 0.4 percent month-on-month compared to 0.6 percent in March due to Covid-19 induced supply disruptions. The BSE Sensex was down 250 points to 54,100, while the NSE Nifty climbed 60 points to 16,170. Read more

MARKET UPDATE: Sensex rose 100 points to 54,580, while Nifty gained 30 points to 16,330

MARKET UPDATE: Sensex rose 100 points to 54,580, while Nifty gained 30 points to 16,330
Tuesday, May 10, 2022
The markets in India opened with nominal gains today(10 May 2022) as US futures traded higher this morning. The BSE Sensex rose 100 points to 54,580, while the NSE Nifty gained 30 points to 16,330. Among the Sensex-30 shares, Asian Paints, Maruti, HUL, SBI, Ultratech Cement, Bajaj Finserv, Bharti Airtel, Axis Bank, and IndusInd Bank were the top gainers, up to 3 percent higher. Britannia and Shree Cement were the additional Nifty winners. Infosys, RIL, Tata Steel, ONGC, Hindalco, and JSW Steel, meanwhile, were the top laggards across the two benchmarks. Read more

Closing bell: Sensex tumbled to a low of 54,587, and settled 867 points lower at 54,835 while Nifty plunged 272 points to 16,411

Closing bell: Sensex tumbled to a low of 54,587, and settled 867 points lower at 54,835 while Nifty plunged 272 points to 16,411
Friday, May 6, 2022
On closing bell today(6 May 2022) the key benchmark indices ended with significant losses amid a global market rout as record-high inflation fueled fears of a faster rate hike, threatening the world economies. The S&P BSE Sensex tumbled to a low of 54,587 and finally settled 867 points lower at 54,835. In the process, the BSE index was down 3.9 percent (2,226 points) for the week. Similarly, the NSE Nifty plunged 272 points to 16,411, ending the week with a huge loss of 4 percent. Financial and IT shares bore the brunt of the selling pressure. Bajaj Finance slumped 4.8 percent, while Bajaj Finserv tanked 3.5 percent. Axis Bank shed 4 percent. Nestle India too declined by over 3 percent. Read more

Closing Bell:Sensex tumbled to a low of 55,502, and ended 1,307 points lower at 55,669 and Nifty plunged 391 points to 16,678

Closing Bell:Sensex tumbled to a low of 55,502, and ended 1,307 points lower at 55,669 and Nifty plunged 391 points to 16,678
Wednesday, May 4, 2022
The Indian markets tanked heavily trades today(4 May 2022) after RBI announced a surprise repo rate hike in an unscheduled meeting. The markets, were, already on tenterhooks awaiting the US Federal Reserve meeting outcome later tonight, wherein a 50 bps rate hike is anticipated. In an unscheduled address, RBI Governor Shaktikanta Das announced that the monetary policy committee has unanimously voted to increase the repo rate by 40 bps to 4.40 percent, adding that the central bank's stance remains accommodative. RBI also raised the CRR limit by 50 bps to 4.5 percent with effect from May 21, which in turn will lead to a withdrawal of Rs 87,000 crore from the system, the governor added. Read more

MARKET UPDATE:Sensex fell 980 points to 57,358, and Nifty slipped 280 points to 17,195

MARKET UPDATE:Sensex fell 980 points to 57,358, and Nifty slipped 280 points to 17,195
Monday, April 18, 2022
The Indian key benchmark indices started today's(18 April 2022) session with deep cuts as large-caps Infosys and HDFC twins opened sharply lower. The BSE Sensex fell 980 points to 57,358, and the NSE Nifty50 slipped 280 points to 17,195 Infosys and HDFC Bank tanked 6 percent and 2.4 percent, respectively, on disappointing Q4 earnings. Tech M, HDFC, Wipro, HCL Tech, TCS, Axis Bank, Bajaj finserv, Kotak Bank and Axis Bank were the other top laggards on the Sensex. On the flip side, Tata Steel, NTPC, ITC, PowerGrid, Nestle, ONGC, Cipla, M&M, and Bajaj Auto were the gainers on the Sensex and Nifty. Read more

MARKET UPDATE:Sensex fell around 100 pts to 58,920 and Nifty largely flat to 17,630 levels

MARKET UPDATE:Sensex fell around 100 pts to 58,920 and Nifty largely flat to 17,630 levels
Friday, April 8, 2022
The Indian key benchmark indices gave up early gains today ( 8 April 2022)as the RBI kept the key repo rate unchanged, maintaining the status quo and its accommodative stance. The central bank, however, raised inflation projections for FY23 to 5.7 percent from 4.5 percent, while downgrading real GDP estimates to 7.2 percent from 7.4 percent. The BSE Sensex fell around 100 pts to 58,920 and the NSE Nifty was largely flat to 17,630 levels.

MARKET UPDATE:Sensex down 350 points to 59,240, and Nifty at 17,700 levels, lower by 100 points

MARKET UPDATE:Sensex down 350 points to 59,240, and Nifty at 17,700 levels, lower by 100 points
Thursday, April 7, 2022
The Indian key benchmark indices were trading with cuts today(7th April 2022) tracking weak global markets due to hawkish FOMC meeting minutes. The BSE Sensex was down 350 points to 59,240, and the NSE Nifty was at 17,700 levels, lower by 100 points. HDFC twins, Maruti, Titan, Wipro, Reliance, TCS, Kotak Bank, and Infosys were the top Sensex losers, down up to 2 percent. ONGC and UPL were the additional top losers on the Nifty.Dr Reddy's, Asian Paints, Sun Pharma, Tata Steel, Cipla and Divis Labs, HUL, NTPC, and Ultratech Cement were the top gainers, on the other hand. The BSE MidCap and SmallCap indices in the broader markets were in the positive territory, up to 0.5 percent higher. Read more

MARKET UPDATE:Sensex down 260 points at 60,348, while Nifty testing 18,000, lower by 58 points

MARKET UPDATE:Sensex down 260 points at 60,348, while Nifty testing 18,000, lower by 58 points
Tuesday, April 5, 2022
The Indian markets opened on a flat note today(5th March 2022), despite upbeat global cues, and slipped into red in early deals. The BSE Sensex was down 260 points at 60,348, while the NSE Nifty was testing 18,000, lower by 58 points. Among the Sensex-30 shares, NTPC, Sun Pharma, M&M, PowerGrid, Maruti, TCS, Tata Steel, Dr. Reddy's, L&T, and Titan were the top gainers. Eicher Motors, Adani Ports, ONGC, and Tata Motors were the additional gainers on the Nifty. On the flip side, Bajaj twins, HDFC twins, IndusInd Bank, Kotak Bank, Ultractech Cement, BPCL, meanwhile were the top losers. The BSE MidCap and SmallCap indices were, however, in the positive territory, up to 0.7 percent higher. Sectorally, Nifty Auto, Pharma, and Consumer Durables were the leading gainers, up to 1 percent higher. Nifty Bank and Financials, meanwhile, were the only weak performers. Read more

MARKET UPDATE:Sensex rose 613 points to 59,890, while Nifty at 17,830, higher by 161 points

MARKET UPDATE:Sensex rose 613 points to 59,890, while Nifty at 17,830, higher by 161 points
Monday, April 4, 2022
The Indian key benchmark indices started today's(4th April 2022) session with a positive note driven by banking majors HDFC and HDFC Bank as the two announced a merger deal. The BSE Sensex rose 613 points to 59,890, while the NSE Nifty was at 17,830, higher by 161 points. Among the Sensex-30 shares, HDFC and HDFC Bank rose 8 percent and 7 percent, respectively, leading to the index's gains. They were followed by Bajaj Finance, Titan, Tech M, Asian Paints, and HCL Tech. On the Nifty, HDFC Life and Divis Labs were the additional top gainers. On the flip side, M&M, Infosys, Maruti, Eicher Motors, Axis Bank, and ONGC were the top losers on the two benchmarks, down up to 1.5 percent. Read more

MARKET UPDATE:Sensex 100 points up at 58,665, while Nifty around 17,500, higher by 36 points

MARKET UPDATE:Sensex 100 points up at 58,665, while Nifty around 17,500, higher by 36 points
Friday, April 1, 2022
The markets in India were holding marginal gains in morning deals today(1 April 2022) after a flat opening on weak global sentiment as US and European indices logged significant losses overnight. The BSE Sensex was 100 points up at 58,665, while the NSE Nifty was around 17,500, higher by 36 points. Among the Sensex-30 shares, NTPC, PowerGrid, Bharti Airtel, Bajaj Finance, Asian Paints, M&M, HDFC Bank, and Reliance were the top gainers, up to 4 percent higher. BPCL, Coal India, UPL, and ONGC, meanwhile, were the additional Nifty gainers. Infosys, HDFC, Titan, Ultratech Cement, Dr Reddy's, Nestle, ICICI Bank, HCL Tech, Tech M, and SBI Life were the top frontline losers, down up to 2.6 percent. Read more

MARKET UPDATE:Sensex rose 100 points at 58,789, while Nifty climbed to 17,532, higher by 34 points

MARKET UPDATE:Sensex rose 100 points at 58,789, while Nifty climbed to 17,532, higher by 34 points
Thursday, March 31, 2022
The Indian benchmark indices started today's(31 March 2022) session with marginal gains, tracking weak global sentiment. The BSE Sensex rose 100 points to 58,789, while the NSE Nifty climbed to 17,532, higher by 34 points. Asian Paints, Axis Bank, M&M, Tata Steel, ITC, HDFC, HUL, ICICI Bank, Kotak Bank, and IndusInd Bank were the top Sensex winners, up between 0.5-2 percent. On the flip side, Infosys, Reliance, Bharti Airtel, L&T, SBI, Wipro, Hindalco, Apollo Hospitals, meanwhile, were the top laggards on the bourses, down up to 3 percent. In the broader markets, the BSE MidCap and SmallCap indices also held mild gains, trading up to 0.6 percent higher. Sectorally, Nifty FMCG, Metals, and Oil & Gas were the top gainers, while PSBs, Realty, and healthcare were subdued. Among stocks, Max Healthcare slipped 3 percent after reports said private equity fund KKR will sell $500 million worth of shares in the company via a block deal today.

CLOSING BELL: Sensex 740 points higher to end at 58,684 while Nifty leaped 173 points to settle at 17,498

CLOSING BELL: Sensex 740 points higher to end at 58,684 while Nifty leaped 173 points to settle at 17,498
Wednesday, March 30, 2022
Cyclical sectors such as financials and autos powered an over 1 percent march on the benchmark indices today(30 March 2022) as investors cheered de-escalation talks between Russia and Ukraine. Investor sentiment was boosted following negotiations between Russian and Ukrainian officials in Turkey, at which Russia's deputy defense minister claimed Moscow had decided to "drastically" cut back its military activity near Ukraine's capital. Against this backdrop, Reliance Industries, HDFC twins, ICICI Bank, Bajaj Finance, and Kotak Bank lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684. The NSE Nifty50, meanwhile, leaped 173 points to settle at 17,498. The 50-pack index was additionally supported by Bajaj Finserv, Hero MotoCorp, Grasim, Tata Consumer, M&M, and Axis Bank. Read more

MARKET UPDATE:Sensex rose 320 points to 58,265, and Nifty climbed 86 points to 17,410 levels

MARKET UPDATE:Sensex rose 320 points to 58,265, and Nifty climbed 86 points to 17,410 levels
Wednesday, March 30, 2022
The Indian key benchmark indices started today's(30 March 2022) session as Russia said it will pull back troops from Ukraine's Kyiv and other northern areas. The BSE C Bharti Airtel, Bajaj Finance, Nestle, L&T, HDFC, Asian Paints, Maruti, Axis Bank, Ultratech Cement, and IndusInd Bank were the top Sensex winners, up to 1.4 percent higher. While, Tata Consumer, Tata Motors, and HeroMoto were the additional gainers on Nifty. On the downside, Tata Steel, Tech M, Sun Pharma, NTPC, ONGC, Hindalco, and JSW Steel were the top laggards on the bourses. The broader markets also opened firmly in green with the BSE MidCap and SmallCap indices gaining up to 0.9 percent. Read more

Sensex soars over 1,200 points; a few factors fueling the rally

Sensex soars over 1,200 points; a few factors fueling the rally
Wednesday, March 9, 2022
Indian markets gained ground today(9 March 2022) as the Sensex surged over 1,200 points in intra-day trade to reclaim 54,600 levels. Also, the Nifty 50 clawed back to 16,400 levels led by media, realty, and auto stocks. The surge comes in hopes of de-escalation of the Russia-Ukraine conflict after Ukrainian President Zelenskyy indicated that the country was no longer interested in NATO membership, the main reason behind the war. “With humanitarian causes opening up, markets are recovering losses on hopes of a resolution in the Russia-Ukraine conflict, said an expert. Ukraine President Volodymyr Zelenskyy has said he has "cooled down regarding the question of a NATO membership for his country", which was a key reason why Russia went to war with Russia, media reports suggested. Read more

Biggest fall since last April-Sensex crashes 1,546 pts, Nifty ends below 17,150

Biggest fall since last April-Sensex crashes 1,546 pts, Nifty ends below 17,150
Monday, January 24, 2022
Today (24th January 2022) it was all red for Dalal Street with benchmark indices falling the most since April last year in intra-day deals. Panic selling due to the uncertainty around the quantum of a rate hike by the US Fed spooked the markets. Besides, geo-political tensions between Russia and Ukraine, the rising dollar index, and surging oil prices and bond yield added to the woes. The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 percent, lower at 57,491.5. On the NSE, the Nifty50 shut shop at 17,149, down 468 points or 2.6 percent, with only 2 stocks managing to end higher on the index. Earlier today, it had slipped below the 17,000-mark, hitting a low of 16,998. Read more

Closing bell: BSE Sensex ended 553 points higher at 61,150 and NSE Nifty ended with a gain of 156 points at 18,212

Closing bell: BSE Sensex ended 553 points higher at 61,150 and NSE Nifty ended with a gain of 156 points at 18,212
Wednesday, January 12, 2022
The Indian benchmark indices extended their winning run into the fourth straight trading session backed by solid gains in index heavyweights - Reliance Industries, Infosys, ICICI Bank, and Bharti Airtel. Reliance and Airtel were in the limelight, on reports that the three telecom majors (Jio, Airtel, Voda Idea) have sought 90-95 percent reduction in 5G spectrum auction prices. The IT shares were expected to be in focus owing to results announcements from Infosys, TCS, and Wipro. While IT major Infosys ended with a gain of 1.1 percent, TCS and Wipro, however, were down 1.5 percent and 0.3 percent, respectively, in trades awaiting the Q3 result announcements. Read more

Nomura's outlook for India reg.economy,markets and investing strategy in 2022

Nomura's outlook for India reg.economy,markets and investing strategy in 2022
Friday, December 10, 2021
Most brokerages, including Nomura, had downgraded Indian equities in October 2021. Heading into 2022, a change in policy stance by the US Federal Reserve (US Fed), inflation risk, and the new Covid variants are some of the risks that will impact the global economy and financial markets, including India, Nomura said. Despite these headwinds, Nomura expects Asian stocks to deliver double-digit returns by end-2022 (base case end-2022F MXASJ target is 925; around 18 percent higher from the current levels), driven largely by earnings growth and flat multiples from a low base. “Material declines for Asia stocks are unlikely, as we see several buffers this time (valuations, positioning, fundamentals). Peaking US inflation, and the bottoming out of growth and modest policy easing in China into Q1-2022 should provide relief for Asia stocks eventually,” Nomura said. Read more

Whether For FIIs India is becoming less and less attractive?

Whether For FIIs India is becoming less and less attractive?
Tuesday, November 30, 2021
After a world-beating rally, Indian markets are losing their allure to emerging market (EM) peers. The foreign portfolio investors have turned cautious on India. according to some experts, this year’s rally is primarily driven by domestic money and those flows could dry up. Covid-19 impacted the unorganised or the informal economy but the listed space has largely benefited. also in 2020-21, despite the economy shrinking 7.5 percent, the earnings growth for Nifty companies was probably the best in a decade. The recovery from lockdowns has been reasonably good without any big government stimulus. The domestic supplies of vaccines helped and the execution program was stellar. Read more

MARKET UPDATE:‘Black Friday’;Sensex shaved-off over 1,400 points in intra-day deals while Nifty lost over 400 points

MARKET UPDATE:‘Black Friday’;Sensex shaved-off over 1,400 points in intra-day deals while Nifty lost over 400 points
Friday, November 26, 2021
It was a horrible ‘Black Friday’ for the Indian markets that saw an across-the-board sell-off. The S&P BSE Sensex shaved off over 1,400 points in intra-day deals. Its counterpart on the National Stock Exchange, the Nifty50 index, lost over 400 points. The negative sentiment today(26th Nov.2021) in the Indian markets was on account of weak global cues. Most Asian markets were a sea of red with Japan’s Nikkei down 2 percent and Straits Times slipping nearly one percent. Shanghai Composite, Kospi, and Taiwan were down 0.2-0.4 percent, each. The US markets, however, were shut on account of the Thanksgiving holiday. This weak sentiment across Asian markets was triggered by fears of a sooner-than-expected rate hike by the US Federal Reserve (US Fed). Investors and traders, according to analysts, now expect the US central bank to raise rates faster on the back of the recently released FOMC minutes. Read more

Muhurat Trading session to be held today (6:15 pm to 7:15 pm)

Muhurat Trading session to be held today (6:15 pm to 7:15 pm)
Thursday, November 4, 2021
The Muhurat Trading session to be held on Thursday(4th Nov.2021) evening is considered one of the auspicious occasions to invest in the stock market. This year, the Muhurat trading session will begin at 6:15 pm and end at 7:15 pm. The session will mark the end of the previous Samvat 2077 and the beginning of a new year for the financial community. Sentiment heading into the session has been muted given the correction seen in the market over the past two weeks. Hence the correction has provided buying opportunities in certain large-cap stocks. Indian Energy Exchange, Container Corporation of India, Honeywell Automation, Whirlpool of India, Clean Science Tech, and KPR Mill are some such stocks as suggested by some analysts. Read more

MARKET UPDATE: Sensex at 60,118 levels, down 21 points,while at 17,923, down 6 points

MARKET UPDATE: Sensex at 60,118 levels, down 21 points,while at 17,923, down 6 points
Tuesday, November 2, 2021
Profit-booking in metals, pharma, and select market heavyweights like Reliance Industries, HDFC, ITC, SBI, and Tech M has brought the benchmark indices off highs today(2nd Nov.2021) At 10:10 AM, the Sensex index was at 60,118 levels, down 21 points, while the Nifty50 was at 17,923, down 6 points. In the broader market, however, the BSE MidCap index was up 0.4 percent and the BSE SmallCap index was up 0.8 percent. Sectorally, shares of the companies engaged in the Shipping business were rallying on the bourses after data showed exports in the month of October surged over 40 percent. Shreyas Shipping rallied over 13 percent in the intra-day trade, followed by GE Shipping Corp (4 percent), and SCI (3 percent). The Nifty Healthcare index was down 1 percent with Sun Pharma falling over 3 percent, Dr. Reddy's Labs (1.5 percent), and Dr. LalPath Labs (1 percent). In the currency markets, the rupee opened at 74.85 per US dollar compared with Monday's close of 74.87/$.

Closing Bell: Sensex settled with a gain of 831 points at 60,138 and Nifty ended 258 points higher at 17,930

Closing Bell: Sensex settled with a gain of 831 points at 60,138 and Nifty ended 258 points higher at 17,930
Monday, November 1, 2021
The markets reversed its 3-day losing streak led by renewed buying interest in IT and select financial shares. The BSE Sensex reclaimed the 60,000-mark, and surged to a high of 60,220, before settling with a gain of 831 points at 60,138. The NSE Nifty touched a high of 17,954 and ended 258 points higher at 17,930. India VIX was down 1.4 percent at 17.18. The broader markets also logged strong gains. The BSE Midcap index surged 1.8 percent, while the Smallcap index moved up 1.1 percent. Among sectors, the BSE Realty index soared 3.7 percent, while the Telecom and Metal indices surged around 3.5 percent each. The IT index was up 2.3 percent, and the Bankex jumped 1.8 percent. The overall market breadth was also fairly positive, with 2,171 advancing shares versus 1,137 declining stocks on the BSE. Read more

MARKET UPDATE: Sensex was at 59,821 levels, up 514 points while Nifty at 17,815 levels, up 144 points

MARKET UPDATE: Sensex was at 59,821 levels, up 514 points while Nifty at 17,815 levels, up 144 points
Monday, November 1, 2021
Dalal street started the day (1st Nov.2021) with a positive note driven by Supportive global cues, marginal ease in crude oil prices, and the ongoing earnings season. Besides, low-level buying after last week's profit-booking resulted in a bounce-back rally. In early deals, the BSE Sensex was at 59,821 levels, up 514 points or 0.87 percent, led by Bharti Airtel (up 3 percent), Axis Bank, Titan, Tech M, and Tata Steel. The Nifty50, on the other hand, was at 17,815 levels, up 144 points. In the broader markets, meanwhile, the BSE MidCap and SmallCap indices were up 0.89 percent and 0.92 percent, respectively. Sectorally, the Nifty Realty index was up 3 percent, followed by the Nifty Metal index (up 1.4 percent). On the downside, the Nifty Auto index was down 0.5 percent. Read more

MARKET UPDATE:Sensex at 61,231 levels, up 263 points while Nifty testing 18,200 levels

MARKET UPDATE:Sensex at 61,231 levels, up 263 points while Nifty testing 18,200 levels
Tuesday, October 26, 2021
In Indian markets, the frontline indices extended their winning ways into the second day, on the back of across-the-board buying. Positive global cues also lent support to the markets in early trade, the headline S&P BSE Sensex was at 61,231 levels, up 263 points or 0.43 percent while the Nifty50 index was testing 18,200 levels. In the broader markets, the BSE MidCap and SmallCap indices added 0.4 percent and 0.6 percent, respectively. Among individual stocks, Tech M shares surged over 5 percent in early trade after the company's Q2FY22 net rose 25.8 percent YoY to Rs 1,339 crore, while revenue grew 16.1 percent YoY to Rs 10,881 crore. However, CEAT shares declined over 6 percent after Q2FY22 net plunged 76.9 percent to Rs 42 crore as against Rs 181.9 crore in Q2FY21. Revenue, however, was up 23.9 percent at Rs 2,451.8 crore from Rs 1,978.5 crore in the same period. Read more

MARKET UPDATE:Sensex up 394 points at 62,159 and the NSE Nifty up 112 points at 18,589

MARKET UPDATE:Sensex up 394 points at 62,159 and the NSE Nifty up 112 points at 18,589
Tuesday, October 19, 2021
The Indian markets were trading on a firm note in morning trade today(19th Oct.2021), with the BSE Sensex up 394 points at 62,159, and the NSE Nifty up 112 points at 18,589. The broader market was also trading on a firm note, with both the BSE Midcap and Smallcap indices up around 0.8 percent each. The overall market breadth was also largely positive, with nearly 1,700 advancing shares versus 1,100 declining stocks on the BSE. IRCTC joined the elite club of companies commanding Rs 1-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 6,332.25 in the intra-day trade today. The shares rallied nearly 8 percent today and have zoomed 33 percent in the past five trading days and a whopping 293 percent in the last six months. L&T Infotech surged 10 percent to a high of Rs 6,496 on the NSE on the back of 21 percent YoY growth in Q2FY22 net at Rs 552 crore. Revenue was up 25.6 percent at Rs 3,767 crore in the same period.

MARKET UPDATE:Sensex registered a new high at 61,159 while Nifty touched a new summit at 18,295

MARKET UPDATE:Sensex registered a new high at 61,159 while Nifty touched a new summit at 18,295
Thursday, October 14, 2021
The Indian markets continue to trade on a firm note well supported by IT stocks following a good Q2 show today(14th Oct.2021). The BSE Sensex so far has registered a new high at 61,159 and was up 352 points at 61,089. The NSE Nifty touched a new summit at 18,295 and was up 111 points at 18,273. The BSE IT index has pared considerable gains but is still up 1.2 percent at 35,217. The index had touched a high of 35,794. The BSE Realty, Metal, and Capital Goods indices are the other major gainers, up 1.3-2.7 percent, each. Infosys which touched a high of Rs 1,784, was up 1.4 percent at Rs 1,733. Wipro touched a new high at Rs 723.65 on the BSE and continues to trade firm, at Rs 705, up 4.8 percent. Tech Mahindra has gained 1.4 percent, while HCL Technologies has slipped into the red, down 0.8 percent at Rs 1,255 ahead of its results. Read more

MARKET UPDATE:Sensex surged past the 60,000 mark for the first time while Nifty 105 points higher at 17,927

MARKET UPDATE:Sensex surged past the 60,000 mark for the first time while Nifty 105 points higher at 17,927
Friday, September 24, 2021
The Indian markets made history as Sensex surged past the 60,000 marks for the first time, achieving another feat since the bull run started last year. Led by strong gains in IT and banking counters, the BSE Sensex was trading 400 points up at 60,286 and the Nifty was 105 points higher at 17,927. The top gainers in the 50-pack index included Infosys, Wipro, and HCL Tech, while the top losers were Hindalco, JSW Steel, and Tata Consumer Products. The broader indices, too, opened firm, with the Nifty Midcap 100 up 0.5 percent and the Smallcap 100 higher by 0.74 percent. The volatility indicator--India VIX--rose by 1.14 percent at 16.79 level. Further, sectorally, the top gainer remained to be the Nifty IT pack, which rose over 2 percent. The only sectoral laggards in opening trade were Nifty Media (down 0.93 percent), Nifty Metal (0.84 percent), Nifty FMCG (down 0.14 percent), and Nifty PSU Bank (down 0.02 percent).

MARKET UPDATE:BSE Sensex quoted at 58,120.5 levels, down 189.5 points while NSE Nifty at 17,320,down 50 points

MARKET UPDATE:BSE Sensex quoted at 58,120.5 levels, down 189.5 points while NSE Nifty at 17,320,down 50 points
Monday, September 13, 2021
Indian markets started on a tepid note today(13th September 2021), following a wobbly trade in the global markets. The S&P BSE Sensex quoted at 58,120.5 levels, down 189.5 points or 0.3 percent in early deals while the broader Nifty50 slipped below the 17,350-mark at 17,320, down 50 points. Individually, Reliance Industries slipped 1 percent after the company postponed the launch of JioPhone Next till Diwali amid chip shortage. That apart, ICICI Bank, HCL Tech, Infosys, Nestle India were the other top losers. In the broader market, the BSE MidCap and SmallCap indices traded mixed. Read more

MARKET UPDATE:BSE Sensex claimed new all-time high of 57,125 and Nifty touched 16,996

MARKET UPDATE:BSE Sensex claimed new all-time high of 57,125 and Nifty touched 16,996
Tuesday, August 31, 2021
Indian markets hit fresh record peaks today(31st August 2021) even as concerns over the crackdown of private industries in China capped rally elsewhere in Asia. The benchmark S&P BSE Sensex claimed a new all-time high of 57,125 while the Nifty50 touched 16,996. The indices, however, succumbed to profit-booking and were later trading flat at 56,914 and 16,930. HCL Tech, Tech Mahindra, Bharti Airtel, Adani Ports, and TCS were the top gainers on the 50-share index while Tata Motors, HDFC Life, IndusInd Bank, SBI, and RIL were the biggest laggards. In the broader markets, the BSE MidCap index added 0.2 percent while the BSE SmallCap index advanced 0.4 percent.

India will continue to be a favoured investment destination

India will continue to be a favoured investment destination
Monday, August 30, 2021
India will continue to be a favoured investment destination like we have seen in the last 20 years. Markets have probably discounted a gradual tapering by the US Fed. Recently, small caps and commodities did correct more than large caps. However, keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, according to some analysts. The upside potential in large caps is probably in single-digit percentages. As far as small and mid-caps are concerned, valuations are stretched after the super run of the past 12 months and for the first time in over a decade, the mid-cap indices’ valuations are at a premium to large-caps. Read more

MARKET UPDATE:Sensex skidded 165 points to trade at 54,390 levels and Nifty gave up 16,250 levels

MARKET UPDATE:Sensex skidded 165 points to trade at 54,390 levels and Nifty gave up 16,250 levels
Wednesday, August 11, 2021
In Indian markets, an across-the-board selloff hit Street today(11th August 2021), erasing early morning gains. At the headline level, BSE Sensex skidded 165 points to trade at 54,390 levels while the Nifty50 gave up 16,250 levels. The broader markets, too, succumbed to profit-booking. The BSE MidCap and SmallCap indices fell 1.5 percent and 2.5 percent, respectively. Around 300 companies including Bata India, Cadila Healthcare, Endurance Tech, New India Assurance, Antony Waste Handling Cell, Bajaj Electricals, HEG, IDFC, India Cement, VIP Industries, and Pidilite are slated to post their quarterly earnings today.

MARKET UPDATE: Sensex advanced 40 points to trade at 52,693 levels and Nifty held above 15,750-mark down 2 points

MARKET UPDATE: Sensex advanced 40 points to trade at 52,693 levels and Nifty held above 15,750-mark down 2 points
Friday, July 30, 2021
In Indian markets the S&P BSE Sensex advanced 40 points, or 0.04 percent, to trade at 52,693 levels in early deals today(30th July 2021)led by Tech Mahindra (up 6 percent), HCL Tech, Power Grid, HDFC, and TCS. NSE's Nifty50, meanwhile, held above 15,750-mark at 15,776 levels, down 2 points. In the broader markets, the BSE MidCap and SmallCap indices were trading in the red. Globally, selling resumed in Asian markets as risks of China crackdown still loomed. Japan's Topix index shed 1 percent, Hong Kong Hang Seng tanked 1.4 percent and China's Shanghai Composite index lost 0.8 percent. At the same time, Nasdaq and S&P futures were down 1.3 percent and 0.8 percent, respectively. Read more

MARKET UPDATE: Indian markets resumed their uptrend; Sensex gained 238 points, to quote at 52,681 and Nifty at 15,780 levels, up 81 points

MARKET UPDATE: Indian markets resumed their uptrend; Sensex gained 238 points, to quote at 52,681 and Nifty at 15,780 levels, up 81 points
Thursday, July 29, 2021
Indian markets resumed their uptrend today (29th July 2021) after three days of a selloff as global mood stabilised post favourable US Fed meet outcome. Besides, reports that the Chinese Securities regulator has stepped in to assuage investor concerns over tech crackdown supported sentiment. The S&P BSE Sensex gained 238 points, or 0.45 percent, to quote at 52,681. levels in early deals, led by HCL Tech, Bharti Airtel, Tech M, Asian Paints, and Titan.It's NSE counterpart Nifty 50, meanwhile, held above the 15,750-mark at 15,780 levels, up 81 points. The BSE Mid- and SmallCap indices too added 0.54 percent and 0.65 percent, respectively. More than 90 companies, including Tech Mahindra, TVS Motors, Future Retail, Lauras Labs, PVR, Raymond, Stove Kraft, and Union Bank will announce their quarterly numbers today.

Sensex falls for third day; what frightens investors on D-Street?

Sensex falls for third day; what frightens investors on D-Street?
Wednesday, July 28, 2021
In across-the-board selling by the investors, the benchmark indices tumbled for a third day while volatility shot up ahead of the US Federal Reserve outcome later today and Thursday's July F&O expiry. Overall, the BSE barometer Sensex gave up the 52,000 marks as it cracked 776 points to day's low of 51,803. NSE's Nifty50 tumbled over 200 points to 15,513. Index heavyweights HDFC twins, Reliance Industries, ICICI Bank, Axis Bank, and Infosys were among the top Sensex drags. Select counters like IndusInd Bank, HUL, and Titan held their ground. Investors, meanwhile, turned poorer by nearly Rs 3 trillion. Today's (27th July 2021) fall is due mainly to a regulatory crackdown by the Chinese government. Investors worried whether the selloff in Chinese tech stocks would spread to other segments. Read more

MARKET UPDATE: Weak global cues drag Sensex lower. All sectoral indices in red

MARKET UPDATE: Weak global cues drag Sensex lower. All sectoral indices in red
Wednesday, July 28, 2021
Bears tightened their grip on the Indian markets as nervousness in the global markets amid China's tech crackdown and ahead of the US Federal Reserve nudged investors to book profits. The frontline S&P BSE Sensex declined 515 points to trade at 52,067 levels. The Nifty50, on the other hand, gave up 15,600-mark and was at 15,592, down 154 points. Broader indices fell in line with the benchmarks as well. Globally, most Asian indices tracked a weak Wall Street finish to open in the red. Japan's Topix index fell 0.5 percent and Australia’s S&P/ASX 200 lost 0.1 percent although Hong Kong's Hang Seng was up 1.45 percent. Read more

MARKET UPDATE: Sensex was at 52,619 levels, up 420 points, and Niftyhovering around 15,750-mark, rising 124 points

MARKET UPDATE: Sensex was at 52,619 levels, up 420 points, and Niftyhovering around 15,750-mark, rising 124 points
Thursday, July 22, 2021
Indian markets started gap-up today(22nd July 2021) amid broad-based buying, bolstered by strong gains in global markets. The frontline S&P BSE Sensex was at 52,619 levels in early deals, up 420 points, while the Nifty50 index was hovering around 15,750-mark, rising 124 points. Australia’s S&P/ASX 200 index rose 0.9 percent in global markets, South Korea’s Kospi index increased 0.9 percent while Japan was closed for a holiday. S&P 500 and Nasdaq futures also traded firm. Forty-four companies including Hindustan Unilever, Bajaj Auto, Ultratech Cement, Biocon, Hindustan Zinc, IIFL Securities, IndiaMART InterMESH, and Wockhardt will release their quarterly earnings today.

MARKET UPDATE: Sensex gained 237 points to quote at 52,609 levels and Nifty held above the 15,750-mark, up 78 points

MARKET UPDATE: Sensex gained 237 points to quote at 52,609 levels and Nifty held above the 15,750-mark, up 78 points
Tuesday, July 13, 2021
Indian markets opened with modest gains today(13th July 2021) amid across-the-board buying. The benchmark S&P BSE Sensex gained 237 points, or 0.45 percent, in early deals to quote at 52,609 levels. The Nifty50, on the other hand, held above the 15,750-mark, up 78 points. ICICI Bank, Bajaj Finance, L&T, HDFC, and Tata Steel were the top gainers on the 30-share barometer while Tech M, HCL Tech, Bajaj Finserv, and Infosys slipped the most. Sectorally, the Nifty Realty index was leading with the most gains on the NSE. In the broader markets, the BSE MidCap and SmallCap indices rallied 0.35 percent and 0.65 percent, respectively. Among these, the SmallCap index hit a fresh record high of 26,263 in the intra-day trade. Eight companies including Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies, and WS Industries will release quarterly earnings today.

Revival uncertain, Which stock to bet on -IT, pharma or consumer stocks?

Revival uncertain, Which stock to bet on -IT, pharma or consumer stocks?
Monday, July 12, 2021
Clearly, the market has been able to take the Second Covid Wave in stride, and very strong liquidity continues to flow into the markets. In addition to that, some of the very short-term high-frequency indicators have been pretty much positive and have been in strong momentum. On the whole, the market has essentially been able to take any kind of softness in the June quarter numbers and is willing to look at the second half of this financial year and beyond. The markets probably are more in a medium-term mindset, the experts feel. Read more

MARKET UPDATE: Sensex hovered around 52,920 levels, down 120 points and Nifty gave up the 15,850 level

MARKET UPDATE: Sensex hovered around 52,920 levels, down 120 points and Nifty gave up the 15,850 level
Thursday, July 8, 2021
The Indian benchmark indices edged lower in morning deals today(8th July 2021), ahead of the weekly options expiry. The S&P BSE Sensex hovered around 52,920 levels, down 120 points and the broader Nifty50 index gave up the 15,850 level. Hindustan Unilever, Sun Pharma, and Nestle India were the top Sensex drags. The Nifty sectoral indices were mixed, with the Nifty IT index, up 0.5 percent, leading the gainers. Read more

MARKET UPDATE:Sensex traded flat around the 53,000-mark and Nifty topped the 15,900-mark

MARKET UPDATE:Sensex traded flat around the 53,000-mark and Nifty topped the 15,900-mark
Monday, June 28, 2021
The markets in India traded flat with a positive bias in early deals today (28th June 2021)amid cautious trade in Asian markets. The S&P BSE Sensex traded around the 53,000-mark and the Nifty50 index topped the 15,900-mark. Dr. Reddy's, NTPC, and Asian Paints were the top Sensex gainers, while Titan and TCS were the top drags. Majority of the Nifty sectoral indices traded in the green, led by the Nifty PSU Bank index, up 1.8 percent. The S&P BSE MidCap and SmallCap indices were up 0.1 percent and 0.4 percent in the broader markets, respectively. Dodla Dairy and Krishna Institute of Medical Sciences will list on the bourses today The two IPOs that ran between June 16-18 were subscribed 46 times and 4 times, respectively. Around 300 companies are slated to post their quarterly numbers today including NALCO, Future Lifestyle, Zee Media, GIC Housing Finance, and NLC India. Read more

MARKET UPDATE:Sensex up 84 points at 52,780 levels and Nifty hovered around the 15,830-zone

MARKET UPDATE:Sensex up 84 points at 52,780 levels and Nifty hovered around the 15,830-zone
Friday, June 25, 2021
The benchmark indices in India traded flat with a positive bias today(25th June 2021), although heavyweight Reliance Industries being the top drag. The S&P BSE Sensex was up 84 points at 52,780 levels and the Nifty50 index hovered around the 15,830-zone. Tata Steel, Tech Mahindra, and HCL Tech were the top Sensex gainers, while Reliance Industries (down 2%) was the top laggard. The majority of the Nifty sectoral indices traded in the green, led by Nifty Metal, were up 1.9 percent. One hundred and ninety-two companies, including Antony Waste Handling Cell, Finolex Industries, Indraprastha Gas, JSW Energy, and RailTel Corporation of India, are scheduled to release quarterly earnings today.

MARKET UPDATE:Sensex rose 270 points at 52,820 levels and Nifty topped the 15,850-mark

MARKET UPDATE:Sensex rose 270 points at 52,820 levels and Nifty topped the 15,850-mark
Tuesday, June 15, 2021
The benchmark indices in India logged fresh lifetime highs in early deals today(15th June 2021), on the back of across-the-board buying. The S&P BSE Sensex rose 270 points, or 0.48 percent, at 52,820 levels and the broader Nifty50 index topped the 15,850-mark. IndusInd Bank and Asian Paints ticked up 1 percent and were the top Sensex gainers. All the Nifty sectoral indices, except Nifty Pharma, traded in the green, led by the Nifty Private Bank index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.44 percent and 0.63 percent, respectively. Forty-five companies, including Jubilant FoodWorks, Power Finance Corporation, LIC Housing Finance, and Easy Trip Planners are set to release their quarterly earnings today.

MARKET UPDATE:Sensex dipped 230 points and hovered around the 52,240-mark and Nifty hovered below the 15,750-mark

MARKET UPDATE:Sensex dipped 230 points and hovered around the 52,240-mark and Nifty hovered below the 15,750-mark
Monday, June 14, 2021
The markets in India traded lower, but off the day's bottom, in morning deals today(14th June 2021), amid a weak trend in metals and public sector banks. The S&P BSE Sensex dipped 230 points, down 0.4 percent, and hovered around the 52,240-mark. The index fell to as low as 51,936 in intra-day deals. Meanwhile, the broader Nifty50 hovered below the 15,750-mark. Bajaj Finance fell 2 percent and was the top Sensex laggard, followed by NTPC, Dr. Reddy's, Bharti Airtel, and State Bank of India (all down 1%). Among other individual stocks, Adani Group stocks (Adani Enterprises, Adani Power, Adani Ports, Adani Transmission) hit their respective lower circuits on a report that the NSDL has frozen the accounts of three foreign funds — Albula Investment Fund, Cresta Fund, and APMS Investment Fund — which together own over Rs 43,500 crore worth of shares in four Adani Group companies. Read more

MARKET UPDATE:Sensex up 250 points, at 52,550 levels and Nifty topped the 15,800-mark

MARKET UPDATE:Sensex up 250 points, at 52,550 levels and Nifty topped the 15,800-mark
Friday, June 11, 2021
The markets in India made a strong start to today's(11th June 2021) session, with the benchmark indices logging fresh record highs in the early deals. The S&P BSE Sensex was up 250 points, or 0.48 percent, at 52,550 levels and the Nifty50 index topped the 15,800-mark. PowerGrid (up 2%) was the top Sensex gainer, followed by Reliance Industries and ONGC trading 1 percent, each. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 1.5 percent. The S&P BSE MidCap and SmallCap indices traded 0.6 percent and 0.8 percent higher in the broader markets, respectively. Fifty-seven companies, including BEML, BHEL, CG Power, Cochin Shipyard, DLF, and Sun TV are scheduled to announce their March quarter results today.

MARKET UPDATE:Sensex at 52,275 levels, down 53 points and Nifty at 15,740-mark, down 11.5 points

MARKET UPDATE:Sensex at 52,275 levels, down 53 points and Nifty at 15,740-mark, down 11.5 points
Wednesday, June 9, 2021
Indian Benchmark indices traded range-bound around flat line today(9th June 2021). However, broader markets scaled fresh record peaks as stock-specific action dominated the equity markets today. The BSE-barometer of 30 shares ended at 52,275 levels, down 53 points or 0.10 percent while the Nifty50 shut shop at 15,740-mark, down 11.5 points or 0.07 percent. Tata Motors, Tech M, Bharti Airtel, Indian Oil Corporation, HCL Tech, and Infosys were the top gainers on the indices. Hindalco, Tata Steel, JSW Steel, Kotak Bank, HDFC, and SBI, meanwhile, were the top laggards. In the broader market space, the BSE MidCap index hit a record peak for the fifth consecutive day, at 22,822.6 levels, and ended the day at 22,769.5 levels, up 0.36 percent. The SmallCap counterpart, on the other hand, closed 0.9 percent higher at 24,827 levels after hitting a new peak of 24,868 earlier today. Read more

MARKET UPDATE:Sensex gained 320 points at 52,170 levels, and Nifty topped the 15,650-mark

MARKET UPDATE:Sensex gained 320 points at 52,170 levels, and Nifty topped the 15,650-mark
Thursday, June 3, 2021
The markets in India edged higher in early deals today(3rd June 2021), up half a percent, tracking similar cues from other Asian markets. The S&P BSE Sensex gained 320 points at 52,170 levels, and the Nifty50 index topped the 15,650-mark. Titan rose 4 percent and was the top Sensex gainer, followed by Reliance Industries (up 2%). The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indexes ruled 0.7 percent and 0.9 percent higher, respectively. Twenty-nine companies, including GSPL, Arvind Fashions, and APL Apollo Tubes, are slated to announce their quarterly results today.

MARKET UPDATE:Sensex traded around 51,970, up 30 points and Nifty fell below the 15,600-mark

MARKET UPDATE:Sensex traded around 51,970, up 30 points and Nifty fell below the 15,600-mark
Tuesday, June 1, 2021
The markets in India traded flat in morning deals today's(1st June 2021) volatile session, with gains in auto stocks being offset by losses in metals. The S&P BSE Sensex traded around 51,970, up 30 points and the broader Nifty50 index fell below the 15,600-mark. Bajaj Auto (up 2%) was the top Sensex gainer, followed by HDFC, Bajaj Finance, IndusInd Bank, and State Bank of India (all up 1%). The Nifty sectoral indices were mixed, with the Nifty Auto index, up over 1 percent. leading the gainers. Seventeen companies, including ITC, Balrampur Chini Mills, Gujarat Gas, and Radico Khaitan are scheduled to release quarterly earnings today. Analysts expect ITC to post high single-digit revenue growth on a yearly basis during the quarter under review, although the profit after tax (PAT) is expected to fall.

Range-bound trade ended flat as indecision weighed on investors' mind

Range-bound trade ended flat as indecision weighed on investors' mind
Tuesday, May 25, 2021
Today(25th May 2021)trade ended flat as indecision weighed on investors' minds. Tracking solid global cues, the domestic equity indices opened gap-up with the frontline S&P BSE Sensex and NSE's Nifty50 indices extending their gains to surge as high as 50,961 and 15,294 levels, respectively in the intra-day deals. However, profit-booking at higher levels and selling in financial counters put a lid on gains. During the day, the BSE barometer of 30 shares gyrated within a band of 490 points and eventually settled 14 points lower from previous day's closing at 50,637.5 levels. On the NSE, the Nifty50 defended the psychological level of 15,200 and shut shop at 15,208, up 11 points. Read more

Sensex up 150 points at 50,830 levels and Nifty testing the 15,300-mark

Sensex up 150 points at 50,830 levels and Nifty testing the 15,300-mark
Tuesday, May 25, 2021
The markets in India climbed off their early highs but were still trading in the green in morning deals today(25th May 2021). The S&P BSE Sensex was up 150 points at 50,830 levels, while the broader Nifty50 index was testing the 15,300-mark. ONGC, Titan, Mahindra & Mahindra, Nestle, and HDFC gained 1 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were painted mixed, with the gainers led by the Nifty Metal index, up 2 percent. The broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.6 percent and 0.7 percent higher, respectively. Sixty-eight companies, including Emami, VIP, Ajmera Realty & Infra India, Alkem Laboratories, and AstraZeneca Pharma India are set to announce their quarterly results today.

MARKET UPDATE:Volatile deals;Sensex trading around 50,580 levels and Nifty hovered around the 15,150-mark

MARKET UPDATE:Volatile deals;Sensex trading around 50,580 levels and Nifty hovered around the 15,150-mark
Monday, May 24, 2021
The benchmark indices in India fluctuated between gains and losses in today's(24th May 2021) volatile early deals. The S&P BSE Sensex was trading around 50,580 levels. The broader Nifty50 index, meanwhile, hovered around the 15,150-mark. State Bank of India and PowerGrid traded 2 percent higher, each, followed by HDFC Bank, ICICI Bank, and HDFC (all up 1%). The Nifty sectoral indices were mixed, with gains in Nifty Pharma and Nifty PSU Bank indexes (both up 0.8 percent) being offset by the Nifty Metal index (down 1.5 percent). The broader markets tracked the gains in the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.6 percent and 0.8 percent higher, respectively. Thirty-three companies including Grasim Industries, India Cements, JK Paper, Mahanagar Gas, and Barbeque-Nation Hospitality are slated to post their quarterly results today.

MARKET UPDATE:Sensex gained 420 points at 49,980 levels and Nifty reclaimed the psychological level of 15,000

MARKET UPDATE:Sensex gained 420 points at 49,980 levels and Nifty reclaimed the psychological level of 15,000
Friday, May 21, 2021
The markets in India rose over half a percent in morning deals today(21st May 2021), tracking firm trends in other Asian markets. The S&P BSE Sensex gained 420 points, or 0.86 percent, at 49,980 levels and the Nifty50 index reclaimed the psychological level of 15,000. IndusInd Bank and State Bank of India were up 2 percent, each. The Nifty sectoral indices were painted green, with the Nifty Bank index trading over 1 percent higher. Forty-nine companies, including State Bank of India, Hindalco Industries, JSW Steel, Shree Cement, Godrej Industries, and South Indian Bank are set to release their quarterly earnings today. Read more

BSE SmallCap index hit a new record high of 23,093

BSE SmallCap index hit a new record high of 23,093
Thursday, May 20, 2021
Today (20th May 2021) the S&P BSE SmallCap index hit a new record high of 23,093 in the intra-day trade driven by its constituents that have rallied by up to 112 percent in the past one month after the respective companies reported strong earnings to show for the quarter ended March 2021 (Q4FY21). At 12:48 pm, the S&P BSE Smallcap index, the top gainer among broader indices, was up 0.59 percent as compared to a 0.16 percent rise in the S&P BSE Midcap index and a 0.03 percent decline in the benchmark index S&P BSE Sensex. In the past month, the SmallCap index has rallied 11 percent as against a 4.6 percent and a 7.6 percent gain in the MidCap and Sensex, respectively. Automotive Axles, Gayatri Projects, Shakti Pumps, Pokarna, TV Today, TCI Express, Just Dial, Walchandnagar Industries, SORIL Infra Resources, H.G. Infra Engineering, Shivam Auto, and Emami Realty rallied between 10 percent and 20 percent in the intra-day session today.

MARKET UPDATE:Sensex gave up the psychologial level of 50,000 and Nifty holding above the 15,000-mark

MARKET UPDATE:Sensex gave up the psychologial level of 50,000 and Nifty holding above the 15,000-mark
Thursday, May 20, 2021
The markets in India gave up their meagre early gains and traded flat in early deals today(20th May 2021), amid mixed global cues. The S&P BSE Sensex gave up the psychological level of 50,000 while the broader Nifty50 index was holding above the 15,000-mark. Titan, Larsen & Toubro, ICICI Bank, and Infosys climbed 1 percent, each. The Nifty sectoral indices were largely in the green, barring for Nifty Metal index, which slipped 3 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices both traded flat. Thirty-two companies, including Bosch, Havells India, Zee Entertainment Enterprises, HPCL, Brookfield India Real Estate Trust REIT, and Torrent Power are scheduled to release quarterly earnings today.

MARKET UPDATE:Sensex surged 550 points to 50,100 levels and Nifty reclaimed the psychological level of 15,100

MARKET UPDATE:Sensex surged 550 points to 50,100 levels and Nifty reclaimed the psychological level of 15,100
Tuesday, May 18, 2021
The markets in India shot up 1 percent in early deals today (18th May 2021), tracking similar firm trends in other Asian markets. Besides, another day of a dip in daily Covid-19 cases also supported investor sentiment. The S&P BSE Sensex surged 550 points, or 1 percent, to 50,100 levels and the Nifty50 index reclaimed the psychological level of 15,100. Bajaj Finance, IndusInd Bank, and PowerGrid rose over 2 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.2 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices ruled 1.5 percent and 1 percent higher, respectively. Thirty-five companies, including Tata Motors, Canara Bank, Aarti Industries, Abbott India, Torrent Pharmaceuticals, Ujjivan Small Finance Bank, and Route Mobile, are set to release their quarterly earnings today. Read more

Markets will digest dent on June quarter earnings as one-time hit: Analysts

Markets will digest dent on June quarter earnings as one-time hit: Analysts
Friday, May 14, 2021
The present Covid-19 pandemic situation across key economic hubs will dent corporate earnings in the June 2021 quarter (Q1FY22), but the markets will take this in their stride and digest them as a one-time hit look forward to growth as the economy normalises after this wave, believe analysts. They expect the second wave in India to peak by June. Economic normalisation, is likely by August – September 2021 according to them. Economic pain, most analysts believe, will be restricted to the second quarter of this fiscal (Q2FY22) as the stringency of the lockdown measures is relatively low as compared to the first wave in 2020. Yet, leading brokerages and rating agencies, including Moody’s, Nomura, Crisil, QuantEco Research, and CARE Ratings, have cut India’s GDP growth estimates for FY22. Read more

MARKET UPDATE:Sensex rose 300 points at 49,530 levels and Nifty topped the 14,900-mark

MARKET UPDATE:Sensex rose 300 points at 49,530 levels and Nifty topped the 14,900-mark
Monday, May 10, 2021
The benchmark indices in India traded firm, up over half a percent, in early deals today(10th May 2021), tracking similar trends in other Asian markets. The S&P BSE Sensex rose 300 points, or 0.6 percent, at 49,530 levels and the Nifty50 index topped the 14,900-mark. Dr Reddy's rose 2 percent and was the top Sensex gainer, followed by ONGC, Titan, and Kotak Mahindra Bank (all up 1%). The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.9 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices ruled 0.5 percent and 0.8 percent higher, respectively. Twenty-two firms, including Chambal Fertilizers & Chemicals, Venky's, JMC Projects, and Zydus Wellness are slated to post their quarterly numbers today.

MARKET UPDATE:Sensex gained 350 points at 49,300 levels and Nifty index reclaimed the 14,800-mark

MARKET UPDATE:Sensex gained 350 points at 49,300 levels and Nifty index reclaimed the 14,800-mark
Friday, May 7, 2021
The benchmark indices in India rose over half a percent today(7th May 2021), tracking firm cues from their Asian peers. Among headline indices, the S&P BSE Sensex gained 350 points, or 0.7 percent, at 49,300 levels and the broader Nifty50 index reclaimed the 14,800-mark. Mahindra & Mahindra, Dr Reddy's, State Bank of India, and Kotak Mahindra Bank rose 1 percent, each. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2 percent. The broader markets, meanwhile, underperformed, with the S&P BSE MidCap and SmallCap indices trading 0.3 percent and 0.5 percent higher, respectively. Twenty-five companies, including Housing Development Finance Corporation, UltraTech Cement, Dabur India, Cholamandalam Investment and Finance Company, and Kansai Nerolac Paints are scheduled to release their quarterly earnings today. Read more

Markets are geared up for a bull-phase

Markets are geared up for a bull-phase
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 with the S&P BSE Sensex reclaiming the 50,000 marks. Profit booking, mainly in banking counters, saw the frontline index give up some of its gains as trading progressed. There are indications that the markets will continue their journey north, as long as global and domestic cues remain supportive. S&P BSE SENSEX has scaled the resistance range of 50,270 with an intra-day high of 50,375 on Thursday Read more

Sensex gains 375 pts, ends above 48K as investors dump FMCG for financials

Sensex gains 375 pts, ends above 48K as investors dump FMCG for financials
Thursday, April 22, 2021
Today (22nd April 2021) from the day's low of 47,204, the benchmark S&P BSE Sensex bounced back over 900 points to hit a high of 48,143 on the back of a brisk buying in financial and metal counters. Supportive global cues and expectations that the mass vaccination drive would help curtail the raging second Covid-19 wave in the country gave ammunition to the bulls. By the close, the Sensex was at 48,081 levels, up 375 points or 0.79 percent. The broader Nifty50, on the other hand, gained 255 points higher from the day's low to settle at 14,406, up 110 points or 0.77 percent. About 18 of the 30 constituents on the Sensex and 27 of the 50 constituents on the Nifty ended the day in the green with Wipro, ICICI Bank, JSW Steel, Tata Steel, HDFC, Bajaj Auto, and BPCL topping the charts on the latter. On the Sensex, HDFC Bank, Bajaj Finance, Kotak Mahindra Bank, and SBI were the additional gainers. All these stocks were up in the range of 2 percent to 3.5 percent. Read more

MARKET UPDATE:Sensex up 500 points at 49,730 and Nifty testing the 14,850-mark

MARKET UPDATE:Sensex up 500 points at 49,730 and Nifty testing the 14,850-mark
Wednesday, April 7, 2021
The markets in India were trading at day's high, up 1 percent, in today's( late morning deals as the Reserve Bank of India kept the repo rate unchanged at 4 percent while maintaining the 'accommodative stance. The FY22 growth projection was also maintained at 10.5 percent. The S&P BSE Sensex traded 500 points, or 1 percent, up at 49,730 and the Nifty50 index was testing the 14,850-mark. Bharti Airtel, Nestle India, and Reliance Industries gained 2 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 2 percent.

MARKET UPDATE:Sensex up 300 points at 49,820 levels and Nifty topped the 14,750-mark

MARKET UPDATE:Sensex up 300 points at 49,820 levels and Nifty topped the 14,750-mark
Thursday, April 1, 2021
The markets in India began the FY22 on a firm note, with the benchmark indices trading over half a per cent in Thursday's morning deals, on the back of favourable global cues. Among the headline indices, the S&P BSE Sensex was up 300 points at 49,820 levels and the Nifty50 index topped the 14,750-mark. HCL Tech, IndusInd Bank, and Titan rose 2 per cent each and were the top Sensex gainers. All the Nifty sectoral indices, barring the Nifty Realty index, were trading in the green. Nifty Auto, Nifty IT, and Nifty PSU Bank indexes were up 1 per cent, each. The broader markets, meanwhile, outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.8 per cent and 1.2 per cent higher, respectively.

MARKET UPDATE: Sensex gained 250 points at 48,720 levels and Nifty topped the 14,450-mark

MARKET UPDATE: Sensex gained 250 points at 48,720 levels and Nifty topped the 14,450-mark
Friday, March 26, 2021
In today(26th March 2021) morning deals benchmark indices in India started the April series on a firm note and were trading over half a per cent on the back of favourable global cues. Among headline indices, the S&P BSE Sensex gained 250 points, or 0.6 per cent, at 48,720 levels and the Nifty50 index topped the 14,450-mark. Mahindra & Mahindra and Tech Mahindra rose 2 per cent, each, and were the top Sensex gainers. The Nifty sectoral indices were painted green, with Nifty Bank, Nifty Auto, Nifty Financial Services, and Nifty Metal indices rising over 1 per cent, each. Shares of Kalyan Jewellers and Suroday Small Finance Bank will list at the bourses today. The IPO of Suryoday SFB was subscribed 2.37 times while that of Kalyan Jewellers was subscribed 2.61 times.

MARKET UPDATE:Sensex fell 250 points to 49,750 levels and Nifty gave up the 14,750-mark

MARKET UPDATE:Sensex fell 250 points to 49,750 levels and Nifty gave up the 14,750-mark
Wednesday, March 24, 2021
The benchmark indices in India fell half a percent in today's(24th March 2021) early deals amid feeble global cues. Among the headline indices, the S&P BSE Sensex fell 250 points, or 0.5 percent, to 49,750 levels and the broader Nifty50 index gave up the 14,750-mark. ONGC, State Bank of India, ICICI Bank, and IndusInd Bank fell 1 percent each. Among other individual stocks, Rail Vikas Nigam fell over 7 percent after the company said the government will sell up to 15 cent stake in the company through an offer for sale. All the Nifty sectoral indices, barring the Nifty FMCG index, traded in the red, with the Nifty Metal index, down 1 percent, bleeding the most. The shares of Anupam Rasayan are set to list on the bourses today. The specialty chemicals company raised Rs 760 crore through its public issue which was subscribed 44 times.

MARKET UPDATE:Sensex gained 200 points, at 50,000 levels and Nifty traded above the 14,800-mark

MARKET UPDATE:Sensex gained 200 points, at 50,000 levels and Nifty traded above the 14,800-mark
Tuesday, March 23, 2021
The benchmark indices in India ticked up in today's(23rd March 2021) morning deals ahead of the Supreme Court's verdict on a batch of pleas by various trade associations seeking an extension of loan moratorium in view of the Covid-19 pandemic. Among headline indices, the S&P BSE Sensex gained 200 points, or 0.4 percent, at 50,000 levels, and the Nifty50 index traded above the 14,800-mark. IndusInd Bank, Axis Bank, HCL Tech, ICICI Bank, Titan, and Maruti Suzuki gained over 1 percent each and were the top Sensex gainers. The Nifty sectoral indices were painted green, led by the Nifty IT index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.6 percent and 1 percent higher, respectively.

MARKET UPDATE:Sensex gained 150 points to 50,600 levels and Nifty reclaimed the 15,000-mark

MARKET UPDATE:Sensex gained 150 points to 50,600 levels and Nifty reclaimed the 15,000-mark
Tuesday, March 16, 2021
The Indian markets in India traded with slim gains in today's(16th March 2021) early deals, on the back of positive global cues. Among the headline indices, the S&P BSE Sensex gained 150 points to 50,600 levels and the Nifty50 index reclaimed the 15,000-mark it had given up in the previous session. Bharti Airtel, Titan, Asian Paints, Dr. Reddy's, and UltraTech Cement rose 1 percent, each, and were the top Sensex gainers. Among other individual stocks, Tata Communications slipped over 7 percent as the offer for sale (OFS) to divest the government’s shareholding in the company opened for institutional investors at the floor price of Rs 1,161 per share. The Nifty sectoral indices were mixed, with the Nifty IT index, up 0.4 percent, leading the gainers. Read more

MARKET UPDATE:Sensex rose 250 points to 51,280 levels and Nifty topped the 15,150-mark

MARKET UPDATE:Sensex rose 250 points to 51,280 levels and Nifty topped the 15,150-mark
Wednesday, March 10, 2021
The markets in India traded over half a percent higher in today's(10th March 2021) early deals, tracking similar trends from other Asian markets, ahead of the weekly options expiry. Among the headline indices, the S&P BSE Sensex rose 250 points to 51,280 levels and the broader Nifty50 index topped the 15,150-mark. IndusInd Bank rose 3 percent and was the top Sensex gainer, followed by Mahindra & Mahindra, Bajaj Finance, Sun Pharma, State Bank of India, and Titan (all up 1% each). The Nifty sectoral indices traded with gains, led by the Nifty Realty index, up 1.5 percent. Meanwhile, the broader markets outran their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.8 percent higher, each.

MARKET UPDATE:Sensex gained 350 points to 50,700 levels and Nifty reclaimed the psychological level of 15,000

MARKET UPDATE:Sensex gained 350 points to 50,700 levels and Nifty reclaimed the psychological level of 15,000
Wednesday, March 3, 2021
The markets in India traded over half a percent higher in today's(3rd March 2021) early deals after opening on a firm note for the third consecutive day. The S&P BSE Sensex gained 350 points to 50,700 levels. The broader Nifty50 index, meanwhile, reclaimed the psychological level of 15,000 and was holding above that mark. HDFC, ONGC, PowerGrid, NTPC, and Infosys rose 1 percent, each, and were the top Sensex gainers. Among other individual stocks, IRCON slid 6 percent as the offer for sale for up to 16 percent government stake at a floor price of Rs 88 per share in the railway PSU opened today. The Nifty sectoral indices traded in the green, led by the Nifty Metal index, up 2 percent.

MARKET UPDATE:Sensex tumbled 700 points and hovered around 50,340-mark ;Niftyfell below the 14,900 level

MARKET UPDATE:Sensex tumbled 700 points and hovered around 50,340-mark ;Niftyfell below the 14,900 level
Friday, February 26, 2021
The markets in India dropped over 1 percent in today's(26th Feb.2021) morning deals, tracking a similar feeble trend in the global markets amid continued sell-off in bond markets. Volatility index, India VIX, meanwhile shot up 10 percent. The S&P BSE Sensex tumbled 700 points and hovered around 50,340-mark while the Nifty50 index fell below the 14,900 level. ICICI Bank, IndusInd Bank, and Axis Bank fell 3 percent each and were the top Sensex laggards. The Nifty sectoral indices were painted red, with the Nifty Bank index, down over 2 percent, bleeding the most. The damage was relatively contained in the broader markets, where the S&P BSE MidCap and SmallCap indices were trading 0.5 percent and 0.3 percent lower, respectively. RailTel Corporation of India will list its shares at the bourses today. The issue price has been fixed at Rs 94 per share.

MARKET UPDATE:Sensex zoomed 400 points to 51,210 levels and Nifty reclaimed the 15,100-mark

MARKET UPDATE:Sensex zoomed 400 points to 51,210 levels and Nifty reclaimed the 15,100-mark
Thursday, February 25, 2021
The markets in India traded nearly 1 percent higher in Today's(25th Feb.2021) morning deals ahead of the February series derivative contracts expiry. Among the headline indices, the S&P BSE Sensex zoomed 400 points to 51,210 levels and the Nifty50 index reclaimed the 15,100-mark. Axis Bank rose 3 percent and was the top Sensex gainer after the Irdai gave its approval for the acquisition of up to 12 percent stake in Max Life Insurance by the bank and its subsidiaries. Max Financial, meanwhile, rallied 10 percent in intra-day deals. Meanwhile, Nureca listed at Rs 635 apiece, a premium of 59 percent against the issue price of Rs 400. The Nifty sectoral indices were painted green, with the Nifty Private Bank index, up 2 percent, leading the way.

National Stock Exchange halted trading after glitch freezes stock prices

National Stock Exchange halted trading after glitch freezes stock prices
Wednesday, February 24, 2021
The National Stock Exchange (NSE), India’s largest stock exchange, today(24th Feb.2021) abruptly shut its cash and derivatives segment following a glitch that froze stock prices. Trading was halted at 11:40 am. Stock and index prices had stopped updating from 10:08 am, said market participants. "NSE has multiple telecom links with two service providers to ensure redundancy and we have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system. We are working on restoring the systems as soon as possible. In view of the above all the segments have been closed at 11.40 and will be restored as soon as the issue is resolved,” said a spokesperson of the exchange. Indices turned volatile in the afternoon trade after the National Stock Exchange (NSE) resumed trading after an over three-hour-long halt due to a technical glitch. Markets shall remain open for trade till 5 PM today

MARKET UPDATE: Sensex traded around 49,950 levels, up 200 points, and Nifty holding above the 14,750-mark

MARKET UPDATE: Sensex traded around 49,950 levels, up 200 points, and Nifty holding above the 14,750-mark
Wednesday, February 24, 2021
The benchmark indices in India traded higher in today's(24th February 2021) volatile early deals, with metal stocks continuing their rally. The S&P BSE Sensex traded around 49,950 levels, up 200 points, or 0.4 percent, and the broader Nifty50 index was holding above the 14,750-mark. ONGC, Bajaj Finance, and Axis Bank (all up over 1%) led the way for the Sensex gainers, while tech stocks TCS and Infosys slid 1 percent, each. Among other individual stocks, Tata Consumer Products surged 4 percent and hit a fresh lifetime high after it was announced that it will replace Gail India in the benchmark Nifty 50 index, effective from March 31. All the Nifty sectoral indices, barring the Nifty IT index-down 0.8 percent, traded with gains.

MARKET UPDATE: Sensex fell to 50,480 levels, down 400 points and the Nifty gave up the 15,000-mark

MARKET UPDATE: Sensex fell to 50,480 levels, down 400 points and the Nifty gave up the 15,000-mark
Monday, February 22, 2021
The markets in India slid in the early deals of today's(22nd February 2021) volatile session, with public sector banks being the top drags. Among the headline indices, the S&P BSE Sensex fell to 50,480 levels, down 400 points and the Nifty50 index also gave up the 15,000-mark shortly after reclaiming it in the opening deals. IndusInd Bank, Bajaj Auto, Larsen & Toubro, PowerGrid, and HDFC were all down over 1 percent. The Nifty sectoral indices, barring the Nifty Metal index, were painted red. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.13 percent and 0.3 percent, respectively.

MARKET UPDATE: Sensex fell 250 points to 51,080 levels and the Nifty gave up the 15,100-mark

MARKET UPDATE: Sensex fell 250 points to 51,080 levels and the Nifty gave up the 15,100-mark
Friday, February 19, 2021
The markets in India slid nearly half a percent in today's(19th February 2021) early deals, amid subdued global trends, although gains in Reliance Industries and public sector banks helped benchmark indices cap losses. The S&P BSE Sensex fell 250 points to 51,080 levels and the Nifty50 index gave up the 15,100-mark. PowerGrid and ICICI Bank declined 2 percent, each, and were the top Sensex laggards, followed by NTPC, Bajaj Auto, and State Bank of India (all down 1%). On the other hand, Reliance Industries, and Hindustan Unilever ticked up over 1 percent, each. The majority of the Nifty sectoral indices were painted red, although the Nifty PSU Bank index bucked the trend and was up 1.2 percent. Mahindra CIE Automotive, Asian Tea & Exports, Binani Industries, Chromatic India, Sunedison Infrastructure, Uniply Decor, Uniply Industries, and Uniworth Securities are scheduled to announce their quarterly earnings today.

MARKET UPDATE: Sensex fell 200 points at 51,870, and Nifty gave up the 15,300-mark

MARKET UPDATE: Sensex fell 200 points at 51,870, and Nifty gave up the 15,300-mark
Wednesday, February 17, 2021
The markets in India slid in today's(17th February 2021) early deals after opening lower, tracking similar cues from other Asian markets. The S&P BSE Sensex fell 200 points at 51,870, and the Nifty50 index gave up the 15,300-mark. Nestle fell 3 percent post the December quarter results and was the top Sensex laggard, followed by ONGC, HDFC, and PowerGrid (down 1 percent, each). The majority of the Nifty sectoral indices, barring two, were trading in the red, with the Nifty Financial Services index dipping 0.6 percent. The broader markets, meanwhile, outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.3 percent and 0.4 percent up, respectively. Pasupati Spinning, Sanghvi Forging and Engineering, SR Industries, Uniply Decor, and Uniply Industries are set to announce their quarterly earnings today.

MARKET UPDATE: Indices volatile;Sensex traded around 51,380 levels and the Nifty near the 15,100 mark.

MARKET UPDATE: Indices volatile;Sensex traded around 51,380 levels and the Nifty near the 15,100 mark.
Wednesday, February 10, 2021
The markets in India fluctuated between gains and losses after opening little changed today(10th February 2021), amid mixed cues from their Asian peers. Among the headline indices, the S&P BSE Sensex traded around 51,380 levels, up 50 points and the Nifty50 index was near the 15,100 marks. PowerGrid, Tech Mahindra, Infosys, and Larsen & Toubro fell 1 percent, each, and were the top Sensex laggards. On the other hand, Bajaj Finserv (up 2%) was the top gainer. The Nifty sectoral indices were trading mixed, with gains in the Nifty Metal index, up 0.6 percent, offsetting the losses in the Nifty Bank index, down 0.5 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.4 percent and 0.3 percent higher, respectively. Three hundred and thirty companies, including Eicher Motors, Titan Company, GAIL India, Hindalco Industries, and Aurobindo Pharma are set to announce their quarterly earnings today.

MARKET UPDATE: Sensex up 400 points and hovered near 51,000 levels and Nifty around 15,000 mark

MARKET UPDATE: Sensex up 400 points and hovered near 51,000 levels and Nifty around 15,000 mark
Friday, February 5, 2021
The markets in India were holding on to their gains near their fresh lifetime highs today(5th Feb.2021) after the Reserve Bank of India kept the repo rate unchanged at 4 percent while the stance remained 'accommodative'. Besides, the RBI projected GDP growth of 10.5 percent in FY22 for India while the projection for CPI-based inflation was revised to 5.2 percent for Q4FY21. The S&P BSE Sensex was trading 400 points up and hovered near the 51,000 levels while the Nifty50 was around the 15,000 marks as well. One hundred and forty-seven companies including Britannia Industries, Mahindra & Mahindra, Punjab National Bank, Mrs. Bectors Food, Fortis Healthcare, Pfizer, and Shipping Corporation of India are scheduled to release their December quarter numbers today. Read more

MARKET UPDATE: Sensex shot up over 1,400 points and reclaimed the 50,000 levels and Nifty topped the 14,700-mark

MARKET UPDATE: Sensex shot up over 1,400 points and reclaimed the 50,000 levels and Nifty topped the 14,700-mark
Tuesday, February 2, 2021
The excitement in the Indian markets continued with the benchmark indices soaring another 3 percent today(2nd February 2021) after recording their biggest Budget-day rally (point-wise) in the previous session. Besides, a firm set of global cues also spurred the bulls. Among the headline indices, the S&P BSE Sensex shot up over 1,400 points and reclaimed the 50,000 levels. The broader Nifty50 index topped the 14,700-mark. Larsen & Toubro, up 8 percent, was the top Sensex gainer, followed by HDFC Bank and HDFC, up 6 percent and 5 percent, respectively. The Nifty sectoral indices were painted green, with the Nifty Financial Services index, up 4.4 percent, leading the gainers. Meanwhile, the Nifty Bank index surged over 1,500 points in intra-day deals to 34,618, a fresh high. Read more

MARKET UPDATE: Sensex trading 530 points up at 46,820 levels and Nifty hovered around 13,750 level

MARKET UPDATE: Sensex trading 530 points up at 46,820 levels and Nifty hovered around 13,750 level
Monday, February 1, 2021
The markets in India were trading firm in today's(1st February 2021) late morning deals as Finance Minister Nirmala Sitharaman began her Budget 2021 speech in the Parliament. Among the headline indices, the S&P BSE Sensex was trading at 46,820 levels, up 530 points. The broader Nifty50 index hovered above the 13,750 level. IndusInd Bank rallied 7 percent and was the top Sensex gainer, followed by ICICI Bank (up 4%). Besides, Titan, State Bank of India, and HDFC rose over 1 percent, each. The majority of the Nifty sectoral indices were trading with gains, led by the Nifty Bank index, up 1.5 percent. On the other hand, the Nifty Pharma index slipped 1.4 percent. The broader markets, meanwhile, slipped into the red, with the S&P BSE MidCap and SmallCap indices down 0.1 percent, each.

MARKET UPDATE:Sensex crossed the 50,000 landmark; up by 270 points at 50,070 levels and the Nifty was above 14,700-mark

MARKET UPDATE:Sensex crossed the 50,000 landmark; up by 270 points at 50,070 levels and the Nifty was above 14,700-mark
Thursday, January 21, 2021
The markets in India scaled record highs today(21st January 2021), with the S&P BSE Sensex crossing the 50,000 landmark for the first time ever, on the back of favourable global cues. The S&P BSE Sensex gained 270 points at 50,070 levels and the Nifty50 index was trading above the 14,700-mark. Bajaj Finance and Bajaj Finserv rose 4 percent and 3 percent, respectively, after announcing their December quarter results, while Bajaj Auto gained over 1 percent ahead of its quarterly results announcement, later in the day. The Nifty sectoral indices were painted green, led by the Nifty Auto index, up 1 percent.

MARKET UPDATE:Sensex up by 100 points at 49,500 levels and the Nifty was above 14,550-mark

MARKET UPDATE:Sensex up by 100 points at 49,500 levels and the Nifty was above 14,550-mark
Wednesday, January 20, 2021
The benchmark indices in India inched higher after a flat start in today's(20th January 2021) opening deals, lifted by IT stocks. The S&P BSE Sensex was up 100 points at 49,500 levels and the Nifty50 index was above the 14,550-mark. ONGC, Tech Mahindra, ICICI Bank, and HCL Tech (all up 1%) were the top Sensex gainers. Among other individual stocks, Tata Communications slid 4 percent as the government is set to sell its entire 26.12 percent stake in the company by the end of the current fiscal year. All the Nifty sectoral indices, except Nifty FMCG, were painted green, with the Nifty IT index, up 2 percent, leading the list of gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.4 percent, each. Thirty-six companies including Bajaj Finance, Bajaj Finserv, HDFC Asset Management Company, and Havells India are set to announce their quarterly results today.

MARKET UPDATE:Sensex trading 55 points higher at 48,490 levels and Nifty holding above 14,200 levels

MARKET UPDATE:Sensex trading 55 points higher at 48,490 levels and Nifty holding above 14,200 levels
Wednesday, January 6, 2021
The markets in India were trading flat with a positive bias in today's(6th January 2020) early deals, tracking mixed global cues. The S&P BSE Sensex was trading 55 points higher at 48,490 levels and the Nifty50 index was holding above 14,200 levels. ONGC (up 4%) was the top Sensex gainer, followed by Titan which rose 3 percent after giving a business update for the December quarter of FY21. ICICI Bank, Larsen & Toubro, and Bharti Airtel (all up 1%) were the other top gainers. The majority of the Nifty sectoral indices were trading with gains, led by the Nifty Metal index, up 1 percent.

MARKET UPDATE:Sensex fell 100 points to 48,070 levels and Nifty hovered around 14,100

MARKET UPDATE:Sensex fell 100 points to 48,070 levels and Nifty hovered around 14,100
Tuesday, January 5, 2021
Markets in India were trading lower in today's(5th January 2020) opening deals, on the back of weak global cues. Among headline indices, the S&P BSE Sensex fell 100 points to 48,070 levels and the Nifty50 index hovered around 14,100. ONGC (down 2%) was the top Sensex laggard, followed by Mahindra &Mahindra, NTPC, and ICICI Bank (all down 1%). The majority of the Nifty sectoral indices were trading in the red, led by Nifty PSU Bank and Nifty Metal indexes, down 1 percent, each.

New Covid-19 strain effect:Sensex sinks 1,407 points

New Covid-19 strain effect:Sensex sinks 1,407 points
Monday, December 21, 2020
Investors on Dalal Street witnessed wealth erosion of over Rs 7 lakh crore today(21st December 2020) as market participants preferred to book profits, amid weak global cues and concerns over a new strain of the virus leading to fresh restrictions in European countries. The market capitalisation of BSE-listed firms tanked to Rs 178 lakh crore from Rs 185 lakh crore on Friday From the day's high, the Sensex index dropped 2,133 points and logged it's sharpest intra-day fall since April 2020. The Nifty index, on the other hand, lost 646 points from the day's high. Read more

MARKET UPDATE:Indian benchmark indices erased their early losses;Sensex trading 33 points up at 46,990 and Nifty testing the 13,750-mark

MARKET UPDATE:Indian benchmark indices erased their early losses;Sensex trading 33 points up at 46,990 and Nifty testing the 13,750-mark
Monday, December 21, 2020
The domestic benchmark indices in India erased their early losses and turned flat after falling nearly 0.5 percent in today's(21st December 2020) opening deals amid weak cues from their Asian peers. The S&P BSE Sensex was trading 33 points up at 46,990 after hitting an intra-day low of 46,694. The broader Nifty50 index was also testing the 13,750-mark. ONGC, Axis Bank, ICICI Bank, and Mahindra & Mahindra (all down 2%) were the top Sensex laggards. On the other hand, Reliance Industries rose 1 percent after the conglomerate and its partner BP announced the first gas from the R Cluster, an ultra-deep-water gas field in block KG D6 off the east coast of India. Meanwhile, aviation stocks were under pressure in intra-day deals over the UK border closure, with SpiceJet and InterGlobe Aviation falling 5 percent and 3 percent, respectively. Read more

MARKET UPDATE:Sensex hovered around 40,530 levels,up 100 points and Nifty reclaimed the 11,900 level

MARKET UPDATE:Sensex hovered around 40,530 levels,up 100 points and Nifty reclaimed the 11,900 level
Tuesday, October 20, 2020
The markets in India were up marginally today(20th October 2020) in a volatile session, amid weak global cues. The S&P BSE Sensex hovered around 40,530 levels, up 100 points and the Nifty50 reclaimed the 11,900 level. HCL Tech (up 2%), TCS, and Tech Mahindra (both up 1%) were the top Sensex gainers. On the other hand, Axis Bank, Kotak Mahindra Bank, State Bank of India, and ICICI Bank (all down 1%) were the top Sensex drags. Meanwhile, Britannia Industries slipped over 4 percent despite posting a healthy 23 percent increase in net profit for the September quarter at Rs 495 crore as compared to the corresponding quarter a year ago. The Nifty sectoral indices were trading mixed, with the Nifty PSU Bank index, down 1 percent. In the broader market, the S&P BSE MidCap index was flat while the SmallCap index gained 0.2 percent. Read more

MARKET UPDATE:Sensex gained 300 points to 40,860 levels, and the Nifty reclaimed the level of 12,000

MARKET UPDATE:Sensex gained 300 points to 40,860 levels, and the Nifty reclaimed the level of 12,000
Monday, October 12, 2020
The markets in India rose nearly one percent today(12th October 2020), ahead of the press conference of Finance Minister Nirmala Sitharaman on economic issues at 12:30 pm today. Among headline indices, the S&P BSE Sensex gained 300 points to 40,860 levels, and the Nifty50 index reclaimed the psychological level of 12,000 for the first time since February 24, 2020. Axis Bank, State Bank of India, ITC, and HDFC (all up 2%) were the top Sensex gainers. On the other hand, shares of Vedanta hit 10 percent lower circuit after the company failed to receive the required number of shares to delist Vedanta Limited. The trend among Nifty sectoral indices was mixed, with the Nifty Bank index, up 1 percent, leading the list of gainers. The broader market continued to underperform, with the S&P BSE MidCap and SmallCap indexes trading 0.3 percent higher, each. Read more

MARKET UPDATE:Sensex dipped 200 points to 37,820 levels and the Nifty fell below the 11,200-mark

MARKET UPDATE:Sensex dipped 200 points to 37,820 levels and the Nifty fell below the 11,200-mark
Tuesday, September 22, 2020
The markets in India headed lower after a flat start today(22nd Sept.2020), in tune with subdued global cues. The S&P BSE Sensex dipped 200 points to 37,820 levels and the Nifty50 index fell below the 11,200-mark. Bajaj Finance, Bajaj Finserv, ONGC, and Tata Steel, all slipped over 2 percent and were the top Sensex laggards. On the other hand, IT stocks HCL Tech, Tech Mahindra, and TCS rose 1 percent each. Shares of GMM Pfaudler tanked 10 percent on the BSE after the company said its promoters planned to sell up to 28 percent stake worth up to Rs 1,433 crore in the company via offer for sale. The trend among Nifty sectoral indices was mixed, with the Nifty Metal index, down 1 percent, leading the list of losers. Meanwhile, the broader markets underperformed their benchmark peers with the S&P BSE MidCap and SmallCap index dipping over 1 percent and 2 percent, respectively.

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