Tag: indian stock markets

Closing Bell: For domestic equities, the first trading session of 2023 turned out positive as the frontline indices closed with firm gains today(2 January 2023). The BSE Sensex swung to a low of 60,765 during the day before gaining strength to close 327 points higher at 61,168. Though this was off the day's high of 61,223. The NSE Nifty touched a low of 18,086 but bounced back to close at 18,197, up 92 points. Overall, the trade was undecisive throughout the session due to a lack of global triggers with most markets being closed on account of the new year holiday. Read more

Closing bell: After starting on an optimistic note, given the positive mood in global markets, the S&P BSE Sensex rallied to a high of 61,393 in today’s( 30 December 2922) morning trades. The benchmark index, after that, pared gains and slipped into the negative zone as the day progressed owing to weakness in index heavyweights ICICI Bank and HDFC twins. A heavy bout of selling in late trades saw the BSE index plunge to a low of 60,744 – 293 points from the day’s high. The Sensex finally ended the day with a loss of 293 points at 60,841. Despite the day’s loss, the BSE benchmark managed to gain 1.7 percent this week and also signed off the year 2022 on a winning note – 4.4 percent higher. Read more

After languishing in the negative zone for the major part of today's(29 December 2022) trading sessions, the key benchmark indices rebounded and ended near the highs of the day led by gains in select banks and metal shares. The S&P BSE Sensex slipped to a low of 60,479 in morning deals, mirroring the weak cues from global markets. However, renewed buying interest, coupled with short-covering owing to the monthly F&O expiry saw the BSE benchmark rally to a high of 61,211 in late deals – up 732 points from the day’s low. The Sensex finally ended with a gain of 224 points at 61,134. The NSE Nifty 50 surged to a high of 18,211, from a low of 17,993, and eventually settled 69 points higher at 18,191. Read more

Indian equities rose in tune with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Except for a minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around a 4 percent surge. Meanwhile, HDFC twins, information technology (IT), and other heavyweights including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362. The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 percent, and 0.33 percent, respectively, as against the frontline indices' 2-per cent gain. Read more

amid a global equity market rout. Benchmark indices tumbled over 4 percent in the intra-day trade with the S&P BSE Sensex sinking over 2,149 points while the Nifty50 tumbled over 629 points. The indices ended near the lowest point of the day, at 49,100 and 14,529 levels, respectively, down 1,939 points and 568 points or 3.8 percent. A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, reports that the United States launched airstrikes in Syria on Thursday, targeting facilities near the Iraqi border further dented global mood. Going forward, analysts expect the markets to consolidate after a sharp run since March in the backdrop of near-term headwinds. US Treasury yields vaulted to their highest in a year on expectations of a strong economic expansion and related inflation. Back home, the 10-year government bond yield jumped to 6.18 percent on Thursday, February 25. Read more