Tag: market

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

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

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

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels
Friday, June 9, 2023
Opening Bell: Indian equity markets opened in positive territory in today's( trade, amidst solid global cues. Frontline indices the S&P BSE Sensex surged over 100 points to trade around 62,962 levels, whereas the NSE Nifty50 climbed over 30 points to trade above 18,650 levels. The strength also spread to broader markets, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.2 percent each to outperform benchmark indices. Read more

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

MARKET UPDATE: Sensex nearly flat at 61,900, while NSE Nifty50 up marginally at 18,330
Thursday, May 11, 2023
STOCK MARKET UPDATE: Ease in US inflation lifted benchmark indices at open today(11 May 2023), but they were soon pulled down by losses in Dr Reddy's and L&T, which dropped 5 percent and 4 percent, respectively, on missing Street estimates for Q4FY23. The BSE Sensex pared gains to turn nearly flat at 61,900, and the Nifty was up marginally at 18,330. The broader markets outperformed the benchmarks. The BSE MidCap and SmallCap indices rose to 0.5 percent versus 0.1 percent in BSE Sensex. Hindalco, Bharti Airtel, and Eicher Motors were the other frontline losers, down 1-3 percent. On the downside, Tech M, Infosys, HDFC, and HCL Tech led gains on the Sensex, while Adani Enterprises claimed the top spot on Nifty, rising 4 percent on its plan to consider fundraising at a board meeting on May 13. Sectorwise, the Nifty IT index rose the most, up 0.6 percent, while the Pharma pocket was the top drag that dropped 1 percent.

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

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

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

MARKET UPDATE: Sensex rose 170 points to 61,936 while the Nifty50 moved 50 points higher to 18,315
Tuesday, May 9, 2023
Opening Bell: The Indian equity benchmark indices opened with nominal gains today(09 May 2023) as global markets remained mixed. The BSE Sensex rose 170 points to 61,936, and the NSE Nifty50 moved 50 points higher to 18,315. The broader markets, meanwhile, firmly outperformed gains in the benchmark. The BSE MidCap and SmallCap indices rose up to 0.7 percent versus a 0.2 percent gain in the BSE Sensex. Read more

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

MARKET UPDATE: Sensex opened 320 points higher to 61,372 while the Nifty50 gained 87 points to 18,156
Monday, May 8, 2023
Opening Bell: Indian Equity benchmark indices opened with nominal gains today (08 May 2023) tracking a sharp rally in US equities on Friday. The BSE Sensex opened 320 points higher to 61,372, and the NSE Nifty50 gained 87 points to 18,156. IndusInd Bank, Maruti, Tata Motors, HDFC twins, Nestle, and Wipro led gains on the Sensex, while Britannia, Hero Moto, and Bajaj Auto were the top Nifty winners. On the downside, Coal India, Adani Enterprises, Sun Pharma, L&T, and Tata Steel were among the few frontline losers. The broader markets also opened in tandem with benchmarks. The BSE MidCap and SmallCap indices rose up to 0.4 percent. Read more

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

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

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

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

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

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

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

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

Closing Bell: Sensex up 349 points, Nifty at 17915.05

Closing Bell: Sensex up 349 points, Nifty at 17915.05
Thursday, April 27, 2023
At Close, The Sensex closed up 348.80 points, or 0.58 percent, at 60,649.38, and the Nifty gained 101.40 points, or 0.57 percent, at 17,915, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. From the Sensex firms, Bajaj Finance, Bajaj Finserv, Infosys, Bharti Airtel, Kotak Mahindra Bank, Larsen & Toubro, Mahindra & Mahindra, ITC, Tech Mahindra, Tata Steel, Tata Motors, Titan, Reliance Industries and Nestle were the major winners. Hindustan Unilever, Power Grid, Axis Bank, Tata Consultancy Services, State Bank of India, Asian Paints and Wipro were the laggards. Except power, all sectoral indices ended in the green. Auto, pharma, realty, information technology, capital goods, and metal were up 0.5-1 percent. BSE midcap and smallcap indices added 0.5 percent each.

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

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

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

MARKET UPDATE: Sensex quoted at 60,164, up 34 points, while the Nifty50 was unchanged at 17,769.
Wednesday, April 26, 2023
Opening Bell: Indian equity markets began flat on the last day of the expiry of the F&O contracts for April. The S&P BSE Sensex quoted at 60,164, up 34 points or 0.06 percent. The Nifty50, meanwhile, was unchanged at 17,769. The BSE MidCap index was in the red in the broader markets, while the BSE SmallCap index gained 0.15 percent. Individually, shares of Bajaj Auto dipped 1.37 percent as the two-wheeler major posted a 2 percent drop in profit after tax (PAT) to Rs 1,433 crore in Q4FY23, despite 12 percent year-on-year (YoY) growth in revenue to Rs 8,905 crore. Read more

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

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

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

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

Closing Bell: Sensex ends flat, Nifty at 17624.05

Closing Bell: Sensex ends flat, Nifty at 17624.05
Friday, April 21, 2023
At close, the Sensex was up 22.71 points or 0.04 percent at 59,655.06, and the Nifty was down 0.50 points or flat at 17,624. The top gainers on Nifty 50 were ITC, TCS, Britannia, Wipro, and Cipla while the top losers were HDFC Life, Tech Mahindra, Adani Enterprises, SBI Life, and Tata Steel. About 1,498 shares advanced, 1,866 shares declined, and 135 shares were unchanged. The broader markets ended with marginal losses. The BSE Midcap index was down 0.4 percent, and the Smallcap 0.3 percent. Sectorally, the BSE Realty index cracked 2 percent. The Auto and Metal indices slipped a percent each. On the positive front, the FMCG index advanced 0.8 percent, and the IT index added 0.6 percent.

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

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

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

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

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

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

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

MARKET UPDATE: Sensex down over 100 points at 59,790 levels, whereas Nifty50 slipped below the 17,700-mark
Tuesday, April 18, 2023
Stock market updates: Amid increased volatility, Indian benchmark S&P BSE Sensex erased early morning gains, and was down over 100 points at 59,790 levels. The Nifty50, meanwhile, slipped below the 17,700 mark. Losses in PowerGrid, Reliance Industries, TCS, Tech M, Bajaj Finance, Titan, HUL, Wipro, L&T, and Sun Pharma weighed on the frontline indices. In the broader markets, the BSE MidCap and SmallCap indices continued to hold gains of up to 0.3 percent. Sectorally, the Nifty IT index slipped 0.4 percent, while the Nifty Realty and PSU bank indices added up to 0.5 percent. In Newly listed shares Shares of Avalon Technologies made a tepid debut on the bourses on Tuesday, listing at Rs 431 on the BSE. This was a 1.15 percent discount to its issue price of Rs 436 apiece.

Closing Bell: Sensex ends flat up38 points, Nifty at 17828.00

Closing Bell: Sensex ends flat up38 points, Nifty at 17828.00
Thursday, April 13, 2023
At close, the Sensex was up 38.23 points or 0.06 percent at 60,431.00, and the Nifty was up 15.60 points or 0.09 percent at 17,828. The top gainers on Nifty 50 were IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospital, and Power Grid while the top losers were Infosys, Tech Mahindra, HCL Tech, NTPC, and TCS. About 1,871 shares advanced, 1,526 shares declined, and 117 shares were unchanged. On the sectoral front, the Information Technology index shed 2 percent, while capital goods, pharma, and oil & gas indices are down 0.5 percent each. On the other hand, PSU Bank and Realty indices rose 1 percent each. The BSE smallcap index was up 0.33 percent and the midcap index added 0.16 percent.

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

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

Closing Bell: Sensex gains 235 points, Nifty at 17812.40

Closing Bell: Sensex gains 235 points, Nifty at 17812.40
Wednesday, April 12, 2023
At close, the Sensex was up 235.05 points or 0.39 percent at 60,392.77, and the Nifty was up 90.10 points or 0.51 percent at 17,812.40, as investors await CPI inflation. The top gainers on Nifty 50 were Divis Lab, Bajaj Auto, Adani Enterprises, Eicher Motors, and Dr Reddy while the top losers were Power Grid, NTPC, Nestle India, UltraTech Cement, and Hindustan Unilever Ltd. About 2,013 shares advanced, 1,390 shares declined, and 115 shares were unchanged. In the broader markets, the BSE MidCap and BSE SmallCap indices gained 0.57 percent and 0.41 percent, respectively. Among sectors, the Nifty Pharma index leaped over 2 percent today as India saw over 7,000 fresh cases of Covid-19. Auto,information technology indices up 1-2 percent, while some selling saw in the FMCG and Capital Goods names.

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

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

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

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

Closing Bell: Sensex ends flat amid volatility, Nifty at 17624.05

Closing Bell: Sensex ends flat amid volatility, Nifty at 17624.05
Monday, April 10, 2023
At close, the Sensex was up 13.54 points or 0.02 percent 59,846.51, and the Nifty was up 24.80 points or 0.14 percent 17,624. Benchmark indices erased gains in the last hour of trading as profit booking in financial and FMCG stocks weighed on the bourses. Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index, down up to 1.76 percent. About 1,965 shares advanced, 1,568 shares declined, and 146 shares were unchanged. Sectorally, the Nifty Private, PSU Bank, and FMCF indices fell to 0.6 percent. On the flipside, the Nifty Realty index jumped over 4 percent, rallying over 7 percent in two days. The BSE midcap and smallcap indices ended with marginal gains.

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

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

Closing Bell: Sensex gains up 144 points, Nifty at 17599.15

Closing Bell: Sensex gains up 144 points, Nifty at 17599.15
Thursday, April 6, 2023
At close, the Sensex was up 143.66 points or 0.24% at 59,832.97, and the Nifty was up 42.20 points or 0.24% at 17,599.20.The top gainers on Nifty 50 were Bajaj Finance, Adani Enterprises, Tata Motors, Bajaj Finserv, and IndusInd Bank. In contrast, the top losers were HCL Tech, ONGC, ICICI Bank, Axis Bank, and Titan. About 2310 shares advanced, 1121 shares declined, and 110 shares were unchanged. Among sectors, the rate-sensitive Realty index surged nearly 3 percent, followed by the Nifty Auto index (up 0.9 percent), and the Nifty PSU Bank index up 0.33 percent. The Nifty IT index, however, capped gains as it fell 0.75 percent.The BSE midcap and smallcap indices rose 0.7 percent each.

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

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

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

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

Closing Bell: Sensex up 115 points, Nifty at 17398.05

Closing Bell: Sensex up 115 points, Nifty at 17398.05
Monday, April 3, 2023
The Sensex was up 114.92 points or 0.19% at 59,106.44, and the Nifty was up 38.20 points or 0.22% at 17,398. Domestic indices ended Monday’s session in the green territory. The top gainers on Nifty 50 were Hero MotoCorp, Coal India, Bajaj India, Maruti, and Divis Lab while the losers were BPCL, Adani Enterprises, Apollo Hospital, Infosys, and ITC. About 2692 shares advanced, 846 shares declined, and 121 shares were unchanged. On the sectoral front, PSU Bank indices gained 1 percent each, The Nifty Auto index jumped 1.5 percent and the realty index was up nearly 1 percent while selling was seen in the FMCG, metal, power, oil & gas, and information technology stocks. Bank Nifty surged 204.40 pts or 0.50% to 40,813.05. The BSE midcap index was up 0.4 percent, while smallcap index rose 1 percent.

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

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

Closiing Bell: Sensex gains 1031 points, Nifty at 17359.75

Closiing Bell: Sensex gains 1031 points, Nifty at 17359.75
Friday, March 31, 2023
At close, the Sensex was up 1,031.43 points or 1.78% at 58,991.52, and the Nifty was up 279.10 points or 1.63% at 17,359.80. as fears of contagion risk from the US banking crisis receded. Reliance Industries, Nestle India, ICICI Bank, and Infosys were the major gainers among the Sensex 30. Tata Motors, TCS, Tech Mahindra, HCL Technologies, Axis Bank, and Wipro were the other major gainers. while losers included Apollo Hospitals, Adani Ports, Sun Pharma, Asian Paints, and Bajaj Finance. Sectorally, the BSE IT index zoomed 2.5 percent. The Bankex, Energy, and Realty indices jumped around 1.5 percent each. while auto, bank, FMCG, Capital Goods, Realty, and Oil & Gas are up 1 percent each. The BSE Midcap index was up a percent, while the Smallcap index vaulted 1.4 percent.

Closing Bell: Sensex gains 346 points, Nifty at 17080.70

Closing Bell: Sensex gains 346 points, Nifty at 17080.70
Wednesday, March 29, 2023
At Close, Sensex ended at 57,960, up 346 points or 0.6 per cent and Nifty closed at 17,081, up 129 points or 0.76 percent. However, fag-end buying helped frontline indices settle near the day's high level amid robust buying in metal, auto, and financial (especially PSU banks) stocks. Adani Enterprises, Adani Ports, JSW Steel, Eicher Motors, HCL Tech, Bajaj Auto, Ultratech Cement, Tata Motors, and Hero MotorCorp were the large-cap winners, surging up to 9 percent. Losses in Airtel, Reliance Industries, Asian Paints, ICICI Bank, and Cipal, however, weighed. Broader markets outperform large-caps; Mid, and SmallCap indices rise 1.7% each. Nifty Metal index gains 2%

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

MARKET UPDATE: Sensex gained over 200 points to trade around 57,823 levels whereas Nifty50 climbed over 50 points to reclaim 17,000-mark
Wednesday, March 29, 2023
Benchmark indices Nifty50 climbed over 50 points to reclaim the 17,000 mark, whereas the S&P BSE Sensex gained over 200 points to trade around 57,823 levels. The strength spread across broader markets as well, with Nifty Midcap 100 and Nifty Smallcap 100 indices surging up to 0.1 percent. Volatility gauge, India VIX, meanwhile, slipped over 2 percent. Read more

Closing Bell: Sensex down 40.14 points, Nifty at 16951.70

Closing Bell: Sensex down 40.14 points, Nifty at 16951.70
Tuesday, March 28, 2023
At close, the Sensex was down 40.14 points or 0.07% at 57,613.72, and the Nifty was down 34 points or 0.20% at 16,951.70. The broader indices witnessed selling pressure yet again, even as the key benchmark indices attempted to hold the fort. The top gainers on Nifty 50 were UPL, IndusInd Bank, Dr Reddy, ICICI Bank, and HDFC Bank while the top losers were Adani Enterprises, Adani Ports, Tech Mahindra, Hero Motocorp, and Tata Motors. About 1020 shares advanced, 2438 shares declined, and 97 shares were unchanged. In contrast, the BSE Midcap index was down 0.4 percent, and the Smallcap index slipped 0.8 percent. Except for metal, all other sectoral indices ended in the red with IT, auto, power, realty, and oil & gas down 0.8-1 percent.

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

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

Closing Bell: Sensex down 126.76 points, Nifty at 16985.70

Closing Bell: Sensex down 126.76 points, Nifty at 16985.70
Monday, March 27, 2023
The Sensex was up 126.76 points or 0.22% at 57,653.86, and the Nifty was up 40.70 points or 0.24% at 16,985.70, amid improved global sentiment, and a relief rally after days of bear hammering, equity markets logged strong gains on Tuesday. The top gainers on Nifty 50 were Cipla, Kotak Bank, Apollo Hospital, Tech Mahindra & Infosys while the losers were Bajaj Finserv, Bajaj Finance, Tata Steel, Hindalco, and Adani Ports. About 899 shares advanced, 2649 shares declined, and 138 shares were unchanged. Among sectors, financial stocks were seen holding the fort with the Nifty Bank, PSU Bank, Pvt Bank, and Financial Services indices gaining up to 2 percent. The defensive plays, meanwhile, were on the back foot with the Nifty IT, and FMCG indices down up to 0.8 percent. The BSE midcap index shed 0.4 percent and smallcap index fell 1.5 percent.

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

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

Closing Bell: Sensex down 289 points, Nifty at 17076.90

Closing Bell: Sensex down 289 points, Nifty at 17076.90
Thursday, March 23, 2023
At close, the Sensex was down 289.31 points or 0.50% at 57,925.28, and the Nifty was down 75.00 points or 0.44% at 17,076.90, as investors juggled between the US Federal Reserve's interest rate decision and weekly F&O expiry. The top gainers on the Nifty 50 were Hindalco, Maruti, Nestle India, ONGC, and Tata Motors while the losers were SBIN, Bajaj Auto, Kotak Bank, HCL Tech, and Asian Paints. About 1428 shares advanced, 1983 shares declined, and 127 shares were unchanged. The BSE MidCap and SmallCap indices fell 0.45 percent and 0.15 percent. A mixed trend saw on the sectoral front, with the realty, bank, information technology, and PSU bank down 0.5-1 percent, while buying saw in the metal, FMCG, and power names.

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

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

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

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

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

MARKET UPDATE: Sensex declined over 100 points to trade around 57,432 levels while Nifty50 hovered flat below 16,950 levels
Thursday, March 16, 2023
Opening Bell: The Indian markets opened lower in Thursday's trade, amid mixed global cues. Benchmark indices Nifty50 hovered flat below 16,950 levels, whereas the S&P BSE Sensex declined over 100 points to trade around 57,432 levels. Broader markets, too, fell in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices lowered up to 0.3 percent. The volatility index, India VIX, climbed over 1 percent. Read more

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

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

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

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

Closing Bell: Sensex down 897 points, Nifty at 17154.30

Closing Bell: Sensex down 897 points, Nifty at 17154.30
Monday, March 13, 2023
At close, the Sensex was down 897.28 points or 1.52% at 58,237.85, and the Nifty was down 258.60 points or 1.49% at 17,154.30. The SVB crisis saw banking shares take a knock, while other sectoral indices too succumbed to the selling pressure. IndusInd Bank, SBI, Tata Motors, M&M, and Eicher Motors were among the major losers on the Nifty, while gainers were Tech Mahindra and Apollo Hospitals. Bank Nifty declined 2.27%, at 39,564, down by over 920 points. The broader markets closed largely in red, with Nifty Midcap losing 2% and Nifty Smallcap 50 sliding 2.26%. The volatility gauge, India VIX, soared 20.89%. Sectorally, Nifty Media, Nifty Auto, Nifty PSU Bank, and Nifty Private Bank were the top losers, falling up to 2.87%.

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

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

Closing Bell: Sensex down 671 points, Nifty at 17412.90

Closing Bell: Sensex down 671 points, Nifty at 17412.90
Friday, March 10, 2023
At Close, the Sensex was down 671.15 points or 1.12% at 59,135.13, and the Nifty was down 176.70 points or 1% at 17,412.90 as equity markets roiled in global sell-off as the contagion effect of overnight selling in the US markets, especially bank stocks, dented sentiment. About 1404 shares advanced, 2021 shares declined, and 102 shares were unchanged. The top losers on the NSE Nifty 50 index are Adani Enterprises, IndusInd Bank, HDFC Bank, HDFC, and ICICI Bank. While gainers were Tata Motors, NTPC, Maruti Suzuki, Britannia Industries, and BPCL.Index-wise, the Nifty PSU Bank index declined 2.2 percent, while the Nifty Bank and Private Bank indices fell 1.8 percent each. While the power index rose 1 percent.The BSE midcap and smallcap indices are down 0.5 percent each.

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

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

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

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

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

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

Closing Bell: Sensex gains 124 points, Nifty at 17754.40

Closing Bell: Sensex gains 124 points, Nifty at 17754.40
Wednesday, March 8, 2023
At close, the Sensex was up 123.63 points or 0.21% at 60,348.09, and the Nifty was up 42.90 points or 0.24% at 17,754.40. The top gainers on Nifty 50 were IndusInd Bank, Adani Ports, Adani Enterprises, Bajaj Auto, and Larsen & Toubro while the top losers were Bajaj Finance, Hindalco, Tech Mahindra, Infosys, and Apollo Hospital. About 1894 shares have advanced, 1502 shares declined, and 119 shares are unchanged. The broader MidCap and SmallCap indices, too, ended in the green zone with up to 0.66 per cent gain. Sectorally, the Nifty Realty and Pharma indices were the worst hit (down 0.68 percent and 0.49 percent, respectively), while the Nifty Auto index and capital goods advanced 0.85 percent.

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

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

NSE and BSE will be shut on March 7 for Holi

NSE and BSE will be shut on March 7 for Holi
Tuesday, March 7, 2023
On account of the Holi Festival, officially, Both the exchanges NSE and BSE will be shut on March 7. There was uncertainty about the holiday as to how India marks the festival, with some parts of the country celebrating it on March 7, while the rest do it on March 8. Recently, Anmi (Association of National Exchanges Members of India), a leading stock brokers association, has requested the government, Sebi, and exchanges to change the holiday date to March 8. Read more

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

MARKET UPDATE: Sensex advanced over 550 points to claim day's high of 60,390 levels while Nifty50 climbed over 150 points to hit day's high of 17,765 levels
Monday, March 6, 2023
Indian markets extended gains in today's( 6 March 023) intra-day trade, supported by gains across index-heavyweights like HDFC Twins, Asian Paints, and Tata Consultancy Services. Key indices Nifty50 climbed over 150 points to hit the day's high of 17,765 levels, whereas the S&P BSE Sensex advanced through 550 points to claim the day's high of 60,390 levels. Read more

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

MARKET UPDATE: Sensex advanced over 500 points to trade around 59,454 levels while Nifty50 climbed over 100 points to trade above 17,450 levels
Friday, March 3, 2023
Strong global mood propelled Indian markets higher in today's( trade), led by gains across index-heavyweights like SBI, Reliance Industries, NTPC, HCL Technologies, and Bharti Airtel, among others. Key indices Nifty50 climbed over 100 points to trade above 17,450 levels, whereas the S&P BSE Sensex advanced over 500 points to trade around 59,454 levels. Read more

Closing bell: Sensex gains 448.96 points, Nifty at 59411.08

Closing bell: Sensex gains 448.96 points, Nifty at 59411.08
Wednesday, March 1, 2023
At close, the Sensex was up 448.96 points or 0.76% at 59,411.08, and the Nifty was up 146.90 points or 0.85% at 17,450.90, as investors picked up beaten-down shares after eight straight days of fall. The top gainers on the Nifty 50 were Adani Enterprises, Hindalco, UPL, State Bank of India, and IndusInd Bank while the losers were Britannia, Power Grid, Cipla, BPCL, and HDFC Bank. The broader indices outperformed, both BSE Midcap and Smallcap were up 1.4 percent each. The overall breadth too was fairly positive, with more than two shares advancing for every single declining stock on the BSE. Among sectors, the BSE Metal index surged 2.6 percent and was the top gainer. The Bankex, IT, Capital Goods, and Realty indices also advanced over a percent each.

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

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

Closing Bell: Sensex down 326 points, Nifty at 17303.95

Closing Bell: Sensex down 326 points, Nifty at 17303.95
Tuesday, February 28, 2023
At Close, the Sensex was down 326.23 points or 0.55% at 58,962.12, and the Nifty was down 88.70 points or 0.51% at 17,304. The top gainers on the Nifty 50 were Adani Enterprises (up 14.90%), Adani Ports (up 5.11%), Asian Paint (up 3.02%), Britannia (up 1.08%), and Mahindra & Mahindra (up 1.43%) while Cipla (down 4.67%), Hindalco (down 3%), Dr. Reddy (down 2.42%), ONGC (down 2.09%) and Reliance Industries Ltd (down 2.02%) were the losers. About 1683 shares have advanced, 1677 shares declined, and 130 shares are unchanged. Sectorally, the BSE Metal index shed 2.4 percent. The Oil & Gas and Energy indices dropped 1.4 percent each, and the Healthcare index weakened by a per cent. The BSE Realy index, however, gained 1.2 per cent. The BSE Midcap and Smallcap indices finished with gains of around 0.5 per cent each. The overall breadth was neutral, with a near-equal number of gainers and losers on the BSE.

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

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

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

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

Closing Bell: Sensex falls 142 , Nifty at 17465.80

Closing Bell: Sensex falls 142 , Nifty at 17465.80
Friday, February 24, 2023
At Close, the S&P BSE Sensex fell 142 points, or 0.24 percent, to close at 59,464, while the Nifty50 declined 45 points, or 0.26 percent, to end at 17,466, as growth concerns, amid fears of elevated interest rates, hurt sentiment. The top gainers on Nifty were ONGC, Adani Ports, Asian Paint, Divis Lab, and Apollo Hospital while the losers were Adani Enterprises, Hindalco, Mahindra & Mahindra, JSW Steel, and Tata Steel. In the broader markets, the BSE MidCap index dipped 0.17 per cent, and the BSE SmallCap index eased 0.15 per cent. Sectorally, the Nifty Metal index plunged 3 per cent, followed by the Nifty PSU Bank index (down 0.8 per cent), and the auto index slipped 1 percent. The Bank Nifty also breached the important level and closed below 39950.

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

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

Closing Bell: Sensex down 139 points, Nifty at 17511.25

Closing Bell: Sensex down 139 points, Nifty at 17511.25
Thursday, February 23, 2023
At Close, Sensex closed 139.18 points lower at 59,605.80. Nifty closed 43 points lower at 17,511.30, The top gainers on Nifty were Hindalco, Coal India, Axis Bank, JSW Steel, and Tata Motors while the top losers were Asian Paints, Larsen & Toubro, Titan, Divis Lab, and IndusInd Bank.About 1570 shares advanced, 1776 shares declined, and 152 shares were unchanged. Among sectors, the Nifty Media index shed 2 percent, and realty and power stocks top losers, On the upside, the Nifty FMCG index ended 0.26 percent higher.In the broader markets, the BSE MidCap index dipped 0.4 percent, while the BSE SmallCap index added 0.06 percent. Nifty could fall to 17,035-16,600 if it closes below 17,500 or breaks 17,350.

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

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

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

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

Closing Bell: Sensex down 18.82 points, Nifty at 17826.70

Closing Bell: Sensex down 18.82 points, Nifty at 17826.70
Tuesday, February 21, 2023
At Close, the Sensex was down 18.82 points or 0.03% at 60,672.72, and the Nifty was down 17.90 points or 0.10% at 17,826.70, as equity markets were extremely volatile on Tuesday as investors sold rallies at a higher level. Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto, UPL, Sun Pharma, Tata Motors, HDFC Life, Ultratech Cement, TCS, and Wipro were the top laggards, falling in the range of 1 percent to 3.5 percent. About 1432 shares have advanced, 1939 shares declined, and 138 shares are unchanged. In the broader market, the BSE MidCap index fell 0.21 percent, and the BSE SmallCap eased 0.31 percent. Among sectors, the Nifty PSU Bank index declined 1.9 percent, leading the list of losers. The Nifty FMCG index was the only gainer with modest gains of 0.19 percent.

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

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

Closing Bell: Sensex down 311 points, Nifty at 17844.60

Closing Bell: Sensex down 311 points, Nifty at 17844.60
Monday, February 20, 2023
At Close, the Sensex was down 311.03 points or 0.51% at 60,691.54, and the Nifty was down 99.60 points or 0.56% at 17,844.60 as Sell-off engulfed equity markets in the second half of the session with banking and financial services stocks taking the deepest plunge. The top gainers on the Nifty 50 were Divis Lab, UltraTech Cement, Tech Mahindra, Power Grid, and Hindalco while Adani Enterprises, Cipla, Britannia, BPCL, and UPL were the top losers. About 1370 shares have advanced, 2118 shares declined, and 155 shares are unchanged. In the broader market, the S&P BSE MidCap and SmallCap indices outperformed the benchmarks as they fell 0.12 percent and 0.16 percent, respectively. Among sectoral indices, the Nifty PSU Bank index fell over 1 percent, followed by the Nifty Bank, Financial Services, Private Bank, and Realty indices dipped 0.9 percent each. The Nifty IT index, on the other hand, gained 0.54 percent.

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

MARKET UPDATE: Sensex advanced over 250 points to trade around 61,254 levels while Nifty50 climbed over 50 points to trade near 18,000 levels
Monday, February 20, 2023
Indian equity markets wiped off early losses and inched higher in today's (21 February 2023) intra-day trade, amid mixed global cues. Key indices Nifty50 climbed over 50 points to trade near 18,000 levels, whereas the S&P BSE Sensex advanced over 250 points to trade around 61,254 levels. Broader markets, meanwhile, were mixed Nifty MidCap 100 index outperformed Nifty SmallCap 100 index. Read more

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

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

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

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

Closing Bell: Sensex gains 243 points, Nifty at 18015.85

Closing Bell: Sensex gains 243 points, Nifty at 18015.85
Wednesday, February 15, 2023
At Close, the Sensex was up 242.83 points or 0.40% at 61,275.09, and the Nifty was up 86 points or 0.48% at 18,015.80. The key benchmark indices notched up decent gains in late trades on Wednesday led by index heavyweight Reliance Industries. The top gainers on Sensex were Reliance Industries Ltd, Mahindra & Mahindra, Tata Steel, State Bank of India, and Maruti while the top losers were ITC, Hindustan Unilever, TCS, Larsen & Toubro, and Sun Pharma. About 1722 shares have advanced, 1657 shares declined, and 129 shares are unchanged. The broader indices also moved in tandem with the benchmarks. The BSE Midcap index advanced by 0.7 percent, and the Smallcap added 0.4 percent. On the sectoral front, IT, auto, and realty are up 1 percent each.

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

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

Closing Bell: Sensex gains 600 points, Nifty at 17929.85

Closing Bell: Sensex gains 600 points, Nifty at 17929.85
Tuesday, February 14, 2023
At Close, the Sensex was up 600.42 points or 0.99% at 61,032.26, and the Nifty was up 158.90 points or 0.89% at 17,929.80, as supportive global cues, ease in wholesale price index (WPI) inflation, and healthy buying in heavyweights lifted sentiment. Benchmark indices snapped their two-day losing run to end nearly 1 percent higher today.The top gainers on the Sensex were ITC, Reliance, Bajaj Finance, ICICI Bank, and Infosys while the top losers were NTPC, UltraTech Cement, L&T, Sun Pharma, and Asian Paints. About 1252 shares have advanced, 2158 shares declined, and 114 shares are unchanged. Sectorally, the Nifty FMCG, Metal, and PSU Bank indices advanced 1 percent each, while the Nifty Realty indices dropped 1.8 percent. Meanwhile, in the broader markets, the BSE MidCap and SmallCap indices ended up 0.5 percent lower

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

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

Closing Bell: Sensex down 251 points, Nifty at 17770.90

Closing Bell: Sensex down 251 points, Nifty at 17770.90
Monday, February 13, 2023
At Close, the Sensex was down 250.86 points or 0.41% at 60,431.84, and the Nifty was down 85.60 points or 0.48% at 17,770.90, as investors adopted a cautious approach ahead of the key inflation numbers in India and the US. The top gainers on Sensex were Titan, Larsen & Toubro, NTPC, Bajaj Auto, and Eicher Motors while the losers were Adani Enterprises, Adani Ports, State Bank of India, Infosys, and Apollo Hospitals. About 1235 shares have advanced, 2261 shares declined, and 160 shares are unchanged. Among sectors, except capital goods, all other sectoral indices ended in the red. Back home, the broader markets ended with deeper cuts. The BSE Midcap and Smallcap indices were down over a percent each. The overall breadth too was fairly negative, with nearly two declining stocks for every advancing share on the BSE.

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

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

Closing Bell: Sensex gains 142 points, Nifty at 17893.45

Closing Bell: Sensex gains 142 points, Nifty at 17893.45
Thursday, February 9, 2023
At Close, the Sensex was up 142.43 points or 0.23% at 60,806.22, and the Nifty was up 21.80 points or 0.12% at 17,893.50. The top gainers on Sensex were Bajaj Finserv, Asian Paints, IndusInd Bank, Infosys, and Bajaj Finance while the losers were Bharti Airtel, UltraTech Cement, Tata Motors, Sun Pharma, and Axis Bank. Sectorally, most indices closed around a flat line with marginal changes on either side. The Nifty IT index was the top gainer, up 0.7 percent, on the NSE. On the flipside, the Nifty Metal index fell 1.5 percent and all other indices ended in the red. The trend was negative in the broader markets with the BSE MidCap index down 0.01 percent, and the BSE SmallCap index 0.15 percent.

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

MARKET UPDATE: Sensex fell 120 points to 60,545 and quickly turned flat while the Nifty50 slipped 26 points to 17,846
Thursday, February 9, 2023
Indian Equity benchmark indices held nominal losses in today's (9 February) early trade following hawkish commentary from Fed officials in the US. The BSE Sensex fell 120 points to 60,545 and quickly turned flat, while the NSE Nifty50 slipped 26 points to 17,846. Bajaj Finance, L&T, TCS, Infosys, Asian Paints, Power Grid, HDFC Bank, Hindalco, and Tata Steel led gains across the two frontline indices. On the flip side, Adani Enterprises, Adani Ports, Maruti, Tech M, Tata Motors, M&M, Airtel, and Ultratech Cement dipped. Read more

Closing Bell: Sensex up 378 points, Nifty at 17871.70

Closing Bell: Sensex up 378 points, Nifty at 17871.70
Wednesday, February 8, 2023
At Close, Sensex ends 377.75 points higher at 60,663.79. Nifty closes 150.20 points higher at 17,871.70 after RBI MPC raised the key interest rate by 25 basis points, taking the repo rate to 6.5%. The top gainers of the Adani Enterprises, Adani Ports, HDFC Life, SBI Life, and Bajaj Finance while the losers were Larsen & Toubro, Eicher Motors, Hero Motocorp, Axis Bank, and Hindustan Unilever Ltd. About 1954 shares advanced, 1451 shares declined, and 136 shares were unchanged. Sectorally, the Nifty Metal index jumped 4 percent, followed by the Nifty IT index (1.5 percent), and the Nifty Pharma index (1.43 percent). The Nifty FMCG and Realty indices dipped a wee bit in red. Meanwhile, in the broader markets, the BSE MidCap index added 1 percent, and the BSE SmallCap index gained 0.76 percent.

Clsoing Bell:Sensex down 220.86 points, Nifty at 17721.50

Clsoing Bell:Sensex down 220.86 points, Nifty at 17721.50
Tuesday, February 7, 2023
At Close, Sensex is down 220.86 points or 0.37 percent at 60,286.04. Nifty is down 43.10 points or 0.24 percent at 17,721.50, as stock-specific action dominated the market mood. Besides, nervousness ahead of the Reserve Bank of India's interest rate decision added to the volatility. The top gainers on the Nifty 50 were Adani Enterprises, Dr Reddy, and Adani Ports while the losers were Tata Steel, Hindalco, and ITC. About 1559 shares have advanced, 1854 shares declined, and 124 shares are unchanged. In the broader markets, the BSE MidCap index added 0.02 percent, and the BSE SmallCap index dipped 0.17 percent. Among sectors, the Nifty FMCG index slipped 1.16 percent, followed by the Nifty Auto index (down 1 percent). The Nifty Realty added 0.88 percent.

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

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

Closing Bell: Sensex down 335 points, Nifty at 17764.60

Closing Bell: Sensex down 335 points, Nifty at 17764.60
Monday, February 6, 2023
At Close, the Sensex was down 334.98 points or 0.55% at 60,506.90, and the Nifty was down 89.40 points or 0.50% at 17,764.60. Divis Labs, JSW Steel, Hindalco, Tata Steel, Kotak Bank, Eicher Motors, Infosys, Adani Enterprises, HDFC Life, ICICI Bank, M&M, Ultratech Cement, Tata Motors, and RIL were the top large-cap laggards. On the contrary, Adani Ports, IndusInd Bank, BPCL, Power Grid, Cipla, ITC, Hero MotoCorp, Bajaj Finance, and Apollo Hospitals were the lead winners. About 1850 shares have advanced, 1653 shares declined, and 185 shares are unchanged. Among sectors, the Nifty Metal index fell 2.2 percent, followed by the Nifty IT index (down 0.6 percent), and the Nifty Bank index (down 0.3 percent). The Bank Nifty rose 46.95 pts or 0.11% to 41,546.65 Meanwhile, the broader markets outran their frontline peers as the BSE MidCap and SmallCap indices advanced 0.75 percent and 0.49 percent, respectively.

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

MARKET UPDATE: Sensex declined over 150 points to trade around 60,676 levels while the Nifty50 cdropped over 50 points to trade below 17,800 levels
Monday, February 6, 2023
Benchmark indices Nifty50 dropped over 50 points to trade below 17,800 levels, whereas the S&P BSE Sensex declined over 150 points to trade around 60,676 levels. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.3 percent. The volatility gauge, India VIX, on the other hand, jumped over 3 percent. Read more

Closing Bell: Sensex rises 909 points, Nifty at 17854.05

Closing Bell: Sensex rises 909 points, Nifty at 17854.05
Friday, February 3, 2023
At Close, Sensex gained 909.64 points or 1.52 percent to close at 60,841.88. Nifty gained 243.60 points or 1.38 percent at 17,854, backed by strong gains in financial and IT shares. Top gainers on the Nifty 50 were Titan, Adani Ports, Bajaj Finserv, Bajaj Finance, and HDFC Bank while the losers were Divis Lab, Adani Enterprises, BPCL, Tata Consumer, and Hindalco. About 1304 shares advanced, 2128 shares declined, and 127 shares were unchanged. Sectorally, Nifty Bank traded in the positive territory, gaining up to 1 percent. On the flipside, Nifty Realty, and Nifty Metal indices were bogged down in trade, declining up to 4 percent. The BSE Midcap and Smallcap indices were down around 0.8 percent each.

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

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

Closing Bell: Sensex ends 224 pts higher, Nifty at 17610.40

Closing Bell: Sensex ends 224 pts higher, Nifty at 17610.40
Thursday, February 2, 2023
At Close, the Sensex was up 224.16 points or 0.38% at 59,932.24, and the Nifty was down 5.90 points or 0.03% at 17,610.40, as investors remained wary of the deep selloff in Adani Group stocks, despite an overall positive Budget 2023 tone. Britannia, ITC, IndusInd Bank, Hindustan Unilever, and Infosys were the top gainers while Adani Enterprises, Adani Ports, UPL, HDFC Life, and Eicher Motors were the laggards. About 1637 shares have advanced, 1759 shares declined, and 122 shares are unchanged. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.5 percent. Sectorally, Nifty FMCG and Nifty IT indices were the best sectoral gainers, gaining up to 2 percent. On the flipside, the Nifty Metal index was the worst sectoral performer as it sank over 4 percent.

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

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

Closing Bell: Sensex gains158 points, Nifty at 17616.30

Closing Bell: Sensex gains158 points, Nifty at 17616.30
Wednesday, February 1, 2023
Benchmark indices ended on a mixed note in the highly volatile session on February 1.At Close, the Sensex was up 158.18 points or 0.27% at 59,708.08, and the Nifty was down 45.90 points or 0.26% at 17,616.30. The top gainers on the Sensex were Power Grid, ICICI Bank, State Bank of India, Kotak Bank, and HDFC while the top losers were ITC, Sun Pharma, Adani Enterprises, Adani Ports, and IndusInd Bank. About 1241 shares have advanced, 2193 shares declined, and 106 shares are unchanged. Among sectoral indices, the Nifty PSU bank index crashed 9 percent, while the Nifty Metal index tumbled 5.6 percent. The Nifty Bank, Auto, Financial Services, Private Bank, and Realty indices fell over 2 percent each. In the broader markets, the BSE MidCap and SmallCap indices cracked up to 1.5 percent.

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

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

Closing Bell: Sensex up 49.49 points, Nifty at 17662.15

Closing Bell: Sensex up 49.49 points, Nifty at 17662.15
Tuesday, January 31, 2023
At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20, after the Economic Survey 2022-23 projected 6.5 percent GDP growth in FY24. Moreover, traders also remain watchful of the Union Budget 2023 due on Wednesday, February 1, and the US Federal Reserve's interest rate stance.M&M, SBI, UltraTech Cement, Adani Ports, and Adani Enterprises were among the top gainers on the Nifty, while losers were Bajaj Finance, TCS, Tech Mahindra, Britannia industries and Sun Pharma. About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged. Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 percent. Besides, sectors like the Nifty PSU Bank and Nifty Media indices displayed strong performance, as they climbed up to 4 percent. On the flipside, Nifty IT and Nifty Pharma indices were the worst hit as they dropped up to 1. Read more

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

MARKET UPDATE: Sensex rose 100 odd points to eventually turn flat at 59,488 while the Nifty50 was around the 17, 630 mark
Tuesday, January 31, 2023
Opening Bell: Indian frontline indices started today's( 31 January 2023) trade on a flat note as investors looked forward to the pre-budget Economic Survey for 2023-24, which will be tabled in the Parliament later today. The BSE Sensex rose 100 odd points to eventually turn flat at 59,488, while the NSE Nifty index was around the 17, 630 mark. The survey is likely to peg the domestic GDP growth at 6-6.8 percent for 2023-24, according to a Reuters report. It could see growth at 6.5 percent for 2023-24 under the baseline scenario, which would be the slowest in three years. Read more

Closing Bell: Sensex up 169 points, Nifty at 17648.95

Closing Bell: Sensex up 169 points, Nifty at 17648.95
Monday, January 30, 2023
At Close, the Sensex was up 169.51 points or 0.29% at 59,500.41, and the Nifty was up 44.70 points or 0.25% at 17,649 as equity markets were in a tight grip of volatility on Monday with benchmark indices managing to eke out nominal gains by the close. The top gainers on the BSE were Bajaj Finance, UltraTech Cement, Bajaj Finserv, HCL Tech, and Asian Paints while Power Grid, Larsen & Toubro, IndusInd Bank, Tata Steel, and Hindustan Unilever (HUL) were the top laggards.About 1531 shares have advanced, 1965 shares declined, and 162 shares are unchanged. The BSE Midcap and Smallcap indices closed up to 0.2 percent lower. Among sectors, Nifty IT gained the most by 1 percent followed by the PSB index, while the oil & gas pocket was the top loser, down over 3 percent. The Bank Nifty tanked over 1000 points during the day but managed to close in the positive territory.

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

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

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

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

Closing Bell: Sensex down 774 points, Nifty at 17891.95

Closing Bell: Sensex down 774 points, Nifty at 17891.95
Wednesday, January 25, 2023
At Close, the Sensex was down 773.69 points or 1.27% at 60,205.06, and the Nifty was down 226.30 points or 1.25% at 17,892, as equity markets succumbed to severe selling pressure on Wednesday led by losses in financial stocks and the monthly F&O expiry that weakened investor sentiment. Adani Ports, SBI, IndusInd Bank, HDFC Bank, and Cipla were among the biggest losers on the Nifty, while gainers were Hindalco Industries, Maruti Suzuki, Bajaj Auto, HUL, and Tata Steel. About 1106 shares have advanced, 2310 shares declined, and 129 shares are unchanged. Within sectors, the Nifty PSB index tanked 3.6 percent followed by bank and financial indices. Auto, metals, and FMCG pockets closed nearly flat with fractional cuts. In the broader market, the BSE midcap index cracked 1.5 percent while smallcap index lost around 1 percent.

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

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

Closing Bell: Sensex, Nifty end flat amid volatile

Closing Bell: Sensex, Nifty end flat amid volatile
Tuesday, January 24, 2023
At Close, the Sensex was up 37.08 points or 0.06% at 60,978.75, and the Nifty was down 0.20 points or 0.00% at 18,118.30, despite strong global sentiments, and healthy early Q3 results. The top gainers of Nifty were Tata Motors, Maruti Suzuki, Bajaj Auto, Britannia, and HCL Tech while the top losers were Axis Bank, Hindalco, Dr Reddy, Power Grid, and SBI Life. About 1485 shares have advanced, 1930 shares declined, and 132 shares are unchanged. Sectorally, the Nifty Auto index was the best sectoral performer as it gained 1.2 percent. Nifty PSU Bank and Nifty Realty indices, on the contrary, was the worst sectoral performer as they tanked up to 1.3 per cent. Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent. The volatility gauge, India VIX, gained marginally to 0.2 percent.

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

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

Closing Bell: Sensex gains 319.90 points, Nifty at 18118.55

Closing Bell: Sensex gains 319.90 points, Nifty at 18118.55
Monday, January 23, 2023
At Close, the Sensex was up 319.90 points or 0.53% at 60,941.67, and the Nifty was up 90.80 points or 0.50% at 18,118.50 due to Strong global mood, positive early Q3 results, and softening crude oil prices propelled domestic markets higher in Monday's trade. Tata Motors, Hindalco, IndusInd Bank, SBI Life, and Kotak Bank were the top gainers of the Nifty while Dr. Reddy, NTPC, Bajaj Finserv, Asian Paints, and UltraTech Cement were the top losers. Sectorally, the Nifty Bank index gained the most, up to 0.8 percent. Among sectors, auto, FMCG, healthcare, oil & gas, and information technology indices are up 0.5-1 percent, while realty, and power are down 0.4-0.7 percent. Broader markets, meanwhile, were mixed as Nifty MidCap 100 and Nifty SmallCap 100 indices saw marginal gains.

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

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

Closing Bell: Sensex down 236.66 points, Nifty at 18027.65

Closing Bell: Sensex down 236.66 points, Nifty at 18027.65
Friday, January 20, 2023
At Close, the Sensex was down 236.66 points or 0.39% at 60,621.77, and the Nifty was down 80.10 points or 0.44% at 18,027.70. The top losers of the Nifty 50 were Hindustan Unilever Ltd (HUL), Asian Paints, Bajaj Finance, Nestle India, and JSW Steel while the top gainers were Coal India, HDFC Bank, Power Grid, HDFC, and ITC. About 1533 shares have advanced, 1865 shares declined, and 146 shares are unchanged. Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 percent. Within sectors, Nifty consumer durables, FMCG, metals, realty, and pharma indices suffered the most losses ending around 1 percent lower each, while bank and financial pockets held ground and logged fractional gains.

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

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

Closing Bell: Sensex down 187 points, Nifty at 18107.85

Closing Bell: Sensex down 187 points, Nifty at 18107.85
Thursday, January 19, 2023
At Close, the Sensex was down 187.31 points or 0.31% at 60,858.43, and the Nifty was down 57.50 points or 0.32% at 18,107.80, amid a cautious global mood. HDFC Life, Axis Bank, IndusInd Bank, UPL, and Cipla were the top gainers of Nifty 50 while Adani Enterprises, Hindalco, Kotak Bank, Titan, Larsen & Toubro, and UltraTech Cement were the top losers. About 1549 shares have advanced, 1867 shares declined, and 117 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices were quoting up to 0.1 percent lower. All the sectoral indices were trading with cuts. The Nifty Metal index fell 0.6 percent, followed by the Nifty IT index down 0.6 percent, Bank Nifty fell 0.15%, and Nifty Auto sinked 0.27%. while Nifty Pharma rose marginally by 0.09%.

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

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

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

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

Closing Bell: Sensex gains 562 points, Nifty at 18053.30

Closing Bell: Sensex gains 562 points, Nifty at 18053.30
Tuesday, January 17, 2023
At Close, the Sensex was up 562.75 points or 0.94% at 60,655.72, and the Nifty was up 158.50 points or 0.89% at 18,053.30 as wholesale inflation dropped to a 2-year low of 4.9 percent at December and oil refiners rose in trade after the government slashed windfall tax on crude and aviation fuel.L&T, HUL, HDFC, HCL Technologies, and HDFC Bank were among the top gainers on the Nifty, while SBI, IndusInd Bank, Bajaj Finserv, Wipro and Bajaj Finance were the losers. About 1641 shares have advanced, 1764 shares declined, and 133 shares are unchanged. On the sectoral front, oil & gas, realty, energy, infra, power, capital goods, and FMCG gained 1% each, while the PSU bank index shed 2%. Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 percent. India VIX, the volatility gauge, meanwhile, eased below 2 percent.

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

MARKET UPDATE: Sensex advanced over 400 points, to quote at 60,500 levels, while the Nifty50stayed reclaimed the 18,000-mark
Tuesday, January 17, 2023
Indian equity indices, which began today's(17 January 2023) trade on a muted note, moved quickly higher. The S&P BSE Sensex advanced over 400 points, after a flat start, to quote at 60,500 levels in mid-morning deals, while the Nifty50 stayed reclaimed the 18,000 mark. HUL, HCL Tech, L&T Reliance Industries, Tech M, and NTPC were the notable gainers on the 30-pack index as they gained between 0.3 percent and 2 percent. On the contrary, Tata Steel, Bajaj Finance, IndusInd Bank, Titan, M&M, Sun Pharma, and Axis Bank fell up to 0.85 percent, capping the upside. Read more

Closing Bell: Sensex down 168 points, Nifty at 17894.85

Closing Bell: Sensex down 168 points, Nifty at 17894.85
Monday, January 16, 2023
At Close, the Sensex was down 168.21 points or 0.28% at 60,092.97, and the Nifty was down 61.80 points or 0.34% at 17,894.80, as markets closed the session on the weak ground pulled down by select heavyweights. The top gainers of the BSE Sensex were Tech Mahindra (up 3.22%), HCL Tech (up 1.48%), Infosys (up 1.45%), Wipro (up 1.27%), and TCS (up 1.06%) while Axis Bank (down 2.26%), NTPC (down 1.16%), HDFC (down 1.03%), HDFC Bank (down 0.97%) and Mahindra & Mahindra (down 0.97%) were the losers. About 1658 shares have advanced, 1844 shares declined, and 169 shares are unchanged. In the broader market, the BSE Midcap and Smallcap indices also ended 0.3 percent and 0.1 percent lower, respectively. Within sectors, IT and PSB indices on the Nifty defied the market and closed over 1 percent higher. Metal and financial pockets were the worst hit.

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

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

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

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

Closing Bell: Sensex down 147 points, Nifty at 17858.20

Closing Bell: Sensex down 147 points, Nifty at 17858.20
Thursday, January 12, 2023
At Close, the Sensex was down 147.47 points or 0.25% at 59,958.03, and the Nifty was down 37.50 points or 0.21% at 17,858.20, ahead of the US inflation data and rising crude oil prices. Divis Labs, Reliance Industries, BPCL, Axis Bank, and Tata Motors were among the top lowers on the Nifty, while SBI Life Insurance, UltraTech Cement, Larsen and Toubro, HCL Technologies, and Dr. Reddy’s Laboratories were the gainers. About 1590 shares have advanced, 1813 shares declined, and 152 shares are unchanged. Sectorally, Nifty IT and Nifty Media indices defied the gloomy sentiments as they rose up to 0.8 percent. Nifty FMCG and Nifty Bank indices, on the flip side, declined up to 0.4 percent. Broader markets, too, were subdued in the trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 percent.

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

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

Closing Bell: Sensex down 9.98 points, Nifty at 17895.70

Closing Bell: Sensex down 9.98 points, Nifty at 17895.70
Wednesday, January 11, 2023
At Close, the Sensex was down 9.98 points or 0.02% at 60,105.50, and the Nifty was down 18.50 points or 0.10% at 17,895.70, after swinging between the red and green zones as the Street awaited the release of retail inflation data on Thursday. On the flip side, Hindalco, BPCL, Sun Pharma, Ultratech Cement, TCS, HDFC twins, Tata Motors, L&T, and ICICI Bank were the top index gainers, up 0.6-3 percent. The top drags were Bharti Airtel, HUL, Nestle, Cipla, Divi's Labs, Apollo Hospitals, IndusInd Bank, Reliance, Titan, and Bajaj Finserv, which shed 1-3 percent. About 1830 shares have advanced, 1566 shares declined, and 142 shares are unchanged. Within sectors, the Nifty FMCG, Pharma, Auto and oil & gas indices exhibited the most weakness and ended 0.5-1 percent down, while PSB, metal, and banking pockets gained up to 0.7 percent. Broader markets were also muted with the BSE Midcap closing 0.3 percent down and the smallcap index ending slightly in the green.

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

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

Sensex tanks 631 points, Nifty at 17914.15

Sensex tanks 631 points, Nifty at 17914.15
Tuesday, January 10, 2023
At Close, the Sensex was down 631.83 points or 1.04% at 60,115.48, and the Nifty was down 187 points or 1.03% at 17,914.20, amid tepid foreign flows and mixed global cues. Adani Enterprises, Bharti Airtel, Eicher Motors, Adani Ports, and SBI were among the top losers on the Nifty. The gainers were Tata Motors, Hindalco Industries, Apollo Hospitals, Power Grid Corp, and Divis Labs. About 1376 shares have advanced, 2027 shares declined, and 152 shares are unchanged. Broader markets, too, fell in line with the benchmarks as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5%. India VIX, the volatility gauge, meanwhile, surged over 5%. Barring the Nifty Auto index, all sectors drowned in the sea of red. Nifty PSU Bank was the worst hit amongst all sectoral indices as it declined over 2 percent.

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

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

Titan slips 3% after Q3 growth fails to meet Street expectations

Titan slips 3% after Q3 growth fails to meet Street expectations
Monday, January 9, 2023
Shares of Titan Company dropped 3 percent to Rs 2,470.70 in Monday’s intra-day trade, in an otherwise firm market, after Titan Company reported a 12 percent YoY growth in standalone business, with the jewelry segment growing at 11 percent YoY, Watches & Wearables at 14 percent, EyeCare at 10 percent and emerging businesses at 75 percent. Titan Company said it continued to expand its network with 129 store additions for the quarter, taking its total store count to 2,537. The Street had forecast a growth of 17 percent on-year on the back of a strong wedding season. A total of 111 new retail outlets were added in the quarter across businesses, taking the total count to 2,362. Titan's jewelry retail brand Tanishq opened its first international boutique store in the USA in December 2022. The company now has a total of six stores spread across Dubai, Abu Dhabi, and the USA in the overseas market. Read more

Closing Bell: Sensex gains 847 points, Nifty at 18101.20

Closing Bell: Sensex gains 847 points, Nifty at 18101.20
Monday, January 9, 2023
At Close, Sensex was up 846.94 points, or 1.41%, higher at 60,747.31, and the Nifty gained 241.70 points, or 1.35%, at 18,101.20, as upbeat economic data in the US lifted global stocks. On the NSE Nifty index, M&M, IndusInd Bank, TCS, TechM, and HCL Tech are the top gainers, with Mahindra & Mahindra up 3.38%. The biggest laggards are Titan, HDFC Life, Bajaj Auto, Britannia, and Grasim, with Titan down 2%. The BSE Midcap and Smallcap indices closed 0.9 percent and 0.5 percent up, respectively. Within sectors, Nifty IT gained the most, up 3 percent, followed by oil & gas, metal, and auto PSB indices that logged in over 1 percent gains each.

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

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

Closing Bell: Sensex down 453 points, Nifty at 17859.45

Closing Bell: Sensex down 453 points, Nifty at 17859.45
Friday, January 6, 2023
At Close, Sensex closed 452.90 points lower or 0.75 percent at 59,900. Nifty is down 132.70 points or 0.74 percent at 17,859.50. Bajaj Twins, Tata Consultancy Services, ICICI Bank, Infosys, and Tech Mahindra, were the top losers in the Sensex pack.IDBI Bank, Reliance, and ITC were the major gainer in the Sensex pack. About 1392 shares have advanced, 2007 shares declined, and 128 shares are unchanged. Sectorally, Nifty Realty, Nifty Metal, and Nifty FMCG indices attempted to trim losses with marginal gains. On the flipside, Nifty IT, Nifty Media, and Nifty Bank indices declined up to 1 percent. Broader markets, too, were subdued in the trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.7 percent.

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

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

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

MARKET UPDATE: Sensex down over 60 points at 60,590 levels, while the Nifty50 was up 5 points at 18,048 level
Thursday, January 5, 2023
Indian benchmark indices, which started with decent gains on Thursday, turned volatile as financial and IT stocks weighed while FMCG stocks lent support. The S&P BSE Sensex was down over 60 points at 60,590 levels after hitting an intra-day high of 60,877. The Nifty50 index, meanwhile, was up 5 points at the 18,048 level. Bajaj Finance was the top laggard on the Sensex index, down over 8 percent, after the consumer finance reported that assets under management (AUM) grew by 27 percent year-on-year (YoY), lower than market expectations, to Rs 2.30 trillion as of December 31, 2022. Read more

Closing Bell:Sensex 673 points, Nifty at 18042.95

Closing Bell:Sensex 673 points, Nifty at 18042.95
Wednesday, January 4, 2023
At Close, the Sensex was down 636.75 points or 1.04% at 60,657.45, and the Nifty was down 189.50 points or 1.04% at 18,043, as the Street awaited release of the minutes of the US Fed's latest meeting. Tata Motors, Power Grid, Tata Steel, HDFC twins, Infosys, Wipro, Reliance, IndusInd Bank, ITC, Nestle, and Bharti Airtel were the worst hit on the Sensex, down 1-2.5 percent. On the Nifty, JSW Steel, Hindalco, Coal India, and ONGC were the top laggards, which shed up to 4 percent. TCS, Maruti, Divis's Labs, HDFC Life, and Dr Reddy's were among the handful of stocks that held minor gains. About 1154 shares have advanced, 2230 shares declined, and 135 shares are unchanged.. All the broader market indices ended in the red. Nifty Next 50 dipped 1.04%, Nifty Midcap 50 dropped 1.10%, Nifty Large Midcap 250 plunged 1% and the Nifty Total market ended 1.06% lower. All the sectoral indices concluded in red as well. Nifty Bank fell 1.07%, Nifty IT dropped 0.98% and Nifty FMCG fell 0.66%. Read more

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

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

Closing Bell:Sensex up 126.41 points, Nifty at 18232.55

Closing Bell:Sensex up 126.41 points, Nifty at 18232.55
Tuesday, January 3, 2023
At Close, the Sensex was up 126.41 points or 0.21% at 61,294.20, and the Nifty was up 35 points or 0.19% at 18,232.50, supported by strong quarterly updates posted by financial names and firm rupee movement.HDFC Life, SBI Life Insurance, Axis Bank, Titan Company, and TCS were among the top gainers on the Nifty. However, losers included Hindalco Industries, Britannia Industries, M&M, JSW Steel, and Grasim Industries. About 1998 shares have advanced, 1423 shares declined, and 130 are unchanged. Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 percent. India VIX, the volatility gauge, on the other hand, slipped over 2 percent. All sectors shifted between gains and losses in Tuesday's trade. Nifty Bank, Nifty Pharma, and Nifty IT indices closed in positive territory, surging up to 0.7 percent. However, Nifty Auto, Nifty Metal, Nifty FMCG, and Nifty Media indices declined up to 0.7 percent.

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

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

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points

CLOSING BELL: Sensex closed 327 points higher at 61,168 and Nifty 50 closed at 18,197, up 92 points
Monday, January 2, 2023
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

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

MARKET UPDATE: Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points
Monday, January 2, 2023
Indian benchmark indices, which started on a quiet note today(02 January 2023) amid thin global trade, were volatile in the trade as selling in financial services, IT, FMCG, and pharma stocks weighed, while metal stocks lent support. The S&P BSE Sensex was up over 100 points at 60,982 levels, while the Nifty50 was near 18,150, up 42 points. In the broader markets, the BSE MidCap and Smallcap indices gained 0.07 percent and 0.12 percent, respectively. The volatility index, India VIX, advanced nearly 4 percent. Read more

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year

CLOSING BELL: Sensex ended the day with a loss of 293 points at 60,841 and the Nifty 50 settled 86 points lower on the last trading day of the year
Saturday, December 31, 2022
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

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

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

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191

CLOSING BELL: Sensex ended with a gain of 224 points at 61,134 and the Nifty 50 settled 69 points higher at 18,191
Thursday, December 29, 2022
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

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

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

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

MARKET UPDATE: BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low and the Nifty50 rallied 310 points in intra-day trades, and settled with a gain of 208 points, reclaiming the 18,000-mark
Monday, December 26, 2022
After four days of decline, the key benchmark indices bounced back in trade today led by financial and energy shares. The S&P BSE Sensex dipped to a low of 59,754 in opening deals, but soon rebounded and marched higher for most of the trading session. The BSE benchmark hit a high of 60,834 – up 1,080 points from the day’s low. Despite trimming some gains towards the fag end of the day, the Sensex finished 721 points higher at 60,566. In the process, the Sensex snapped its four-day losing streak, wherein the BSE benchmark had shed 1,961 points. The NSE Nifty 50 rallied 310 points in intra-day trades and eventually settled with a gain of 208 points, thus reclaiming the 18,000 mark. Read more

Closing Bell: Sensex down 981 points, Nifty at 17806.80

Closing Bell: Sensex down 981 points, Nifty at 17806.80
Friday, December 23, 2022
At Close, the Sensex was down 980.93 points or 1.61% at 59,845.29, and the Nifty was down 320.50 points or 1.77% at 17,806.80, ended lower for the fourth consecutive session, as the Covid-19 scare in China triggered slowdown fears. Adani Ports, Adani Enterprises, Hindalco Industries, Tata Steel, and Tata Motors were among the biggest Nifty losers. About 468 shares have advanced, 3018 shares declined, and 61 are unchanged.Except Nifty Pharma index, which held marginal gains, all sectors were trading in red with the Nifty PSU Bank index tumbling nearly 6 percent Nifty Media, and Nifty Metal, falling up to 4% and the Nifty Realty index (down 3 percent). The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 percent, respectively.

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

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

Closing Bell: Sensex down 241 points, Nifty at 18127.35

Closing Bell: Sensex down 241 points, Nifty at 18127.35
Thursday, December 22, 2022
At Close, Sensex closed 241.02 points lower at 60,826. Nifty ended 71.80 points lower at 18,127.30. The top gainers of the BSE Sensex were Sun Pharma (up 0.92%), UltraTech Cement (up 0.0.71%), Asian Paints (up 0.70%), Infosys (up 0.68%) and Kotak Bank (up 0.58%). In comparison, Mahindra & Mahindra (down 2.45%), Bajaj Finserv (down 2.43%), IndusInd Bank (down 2.26%), Tata Motors (down 2.08%) and Tata Steel (down 1.98%) were the top laggards. About 754 shares advanced, 2699 shares declined, and 86 were unchanged. All sectors ended the day in red, barring the Nifty IT index which ended flat. Nifty PSU Bank fell 1.23%.

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

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

Closing Bell: Sensex down 635 points, Nifty at 18199.10

Closing Bell: Sensex down 635 points, Nifty at 18199.10
Wednesday, December 21, 2022
At Close, the Sensex ends 635.05 points or 1.03% lower at 61067.24, and the Nifty shed 179.70 points or 0.98% at 18205.60, as weak global sentiment amid the fresh Covid-19 scare continued to haunt domestic equities. The top gainers of the BSE Sensex were Sun Pharma (up 1.73%), HCL Tech (up 0.82%), TCS (up 0.62%), Tech Mahindra (up 0.56%) and Nestle India (up 0.49%) while IndusInd Bank (down 2.37%), Bajaj Finserv (down 2.16%), Maruti (down 2.15%), UltraTech Cement (down 2.14%) and Tata Motors (down 1.88%) were the top laggards. The Pharma index advanced over 2 percent today, followed by the IT index, up 0.7 percent. On the downside, the PSU Bank and Metal indices fell over 2 percent each. The pain was more pronounced in the broader markets as the BSE MidCap and SmallCap indices dropped 1.4 percent and 2.18 percent, respectively.

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

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

Closing Bell: Sensex down 103.90 points, Nifty at 18385.30

Closing Bell: Sensex down 103.90 points, Nifty at 18385.30
Tuesday, December 20, 2022
At Close, the Sensex was down 103.90 points or 0.17% at 61,702.29, and the Nifty was down 35.20 points or 0.19% at 18,385.30. Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound, rising up to 2 percent. Eicher Motors, SBI Life, HUL, UPL, Hindalco, Tata Motors, Bharti Airtel, M&M, NTPC, L&T, and Adani Ports were the top laggards. About 1646 shares have advanced, 1780 shares declined, and 126 are unchanged. Further, the Nifty Auto, Media, and Realty indices closed 0.7 percent to 1 percent down, while the Nifty IT and Metal indices eked out gains of about 0.2 percent. In the broader markets, the BSE MidCap index ended 0.27 percent lower, while the BSE SmallCap index dipped 0.02 percent.

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

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

Closing Bell: Sensex up 468 points, Nifty at 18420.45

Closing Bell: Sensex up 468 points, Nifty at 18420.45
Monday, December 19, 2022
At Close, the Sensex was up 468.38 points or 0.76% at 61,806.19, and the Nifty was up 151.50 points or 0.83% at 18,420.50,as investors looked past interest rate hike trajectory of global central banks. Adani Ports, Adani Enterprises, M&M, Eicher Motors, Power Grid, Bajaj Auto, Bajaj Finserv, Hero MotoCorp, Bharti Airtel, Dr Reddy's Labs, Britannia, HUL, Nestle India, Adani Enterprises, ITC, and HDFC were the top gainers. On the downside, TCS, Infosys, Tata Motors, ONGC, Sun Pharma, and IndusInd Bank were the top losers. About 2071 shares have advanced, 1436 shares declined, and 155 are unchanged. Nifty Auto, Metal, and FMCG were the biggest sectoral gainers, adding 1.59% to 1%. The Nifty IT index was the most downbeat sector as it dipped 0.5 percent. In the broader markets, the Nifty MidCap and SmallCap indices added around 0.5 percent each

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

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

Closing bell: Sensex down 461 points, Nifty at 18269.00

Closing bell: Sensex down 461 points, Nifty at 18269.00
Friday, December 16, 2022
At Close, the Sensex was down 461.22 points or 0.75% at 61,337.81, and the Nifty was down 145.90 points or 0.79% at 18,269. Dr Reddy's Labs, M&M, Asian Paints, SBI, TCS, Titan, Power Grid, and Ultratech Cement fell the most among the 27 losers within the Sensex pack. Adani Ports, BPCL, Bajaj Auto, and Hero MotoCorp were the additional laggards on the Nifty. Tata Motors, HDFC Bank, HUL, and Tata Steel were the only large-cap gainers on the benchmark indices. About 1391 shares have advanced, 2026 shares declined, and 125 are unchanged. Meanwhile, in the broader markets, the BSE MidCap index dropped 1.4 percent, while the BSE SmallCap index dipped 0.9 percent. Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 percent. This was followed by losses in the Nifty Realty, Pharma, and Media indices, down over 1 percent each.

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

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

Closing Bell: Sensex ends flat at 18497.15, Nifty at

Closing Bell: Sensex ends flat at 18497.15, Nifty at
Monday, December 12, 2022
At Close, the Sensex was down 51.10 points or 0.08% at 62,130.57, and the Nifty was up 0.60 points at 18,497.20,.The broader markets shifted from losses to gains intraday, while the sectoral indices traded between green and Asian Paints, Infosys, Eicher Motors, Titan Company, and Kotak Mahindra Bank were among the top Nifty losers. At the same time, gainers were BPCL, Divis Laboratories, Coal India, Apollo Hospitals, and UPL. About 1787 shares have advanced, 1688 shares declined, and 194 are unchanged. The Nifty IT index dropped 0.4% in trade, while the Nifty PSU Bank rose 1.4%, and oil & gas indices were up 1 percent. In the broader markets, the BSE MidCap and SmallCap indices gained 0.3 percent and 0.36 percent, respectively.

Closing Bell:Sensex down 389 points, Nifty at 18496.60

Closing Bell:Sensex down 389 points, Nifty at 18496.60
Friday, December 9, 2022
At Close, the Sensex was down 389.01 points or 0.62% at 62,181.67, and the Nifty was down 112.70 points or 0.61% at 18,496.60.HCL Technologies, Tech Mahindra, Infosys, Wipro, and Hindalco Industries were among the top Nifty losers, while Nestle India, Sun Pharma, Dr Reddy’s Laboratories, Titan Company, and Eicher Motors were the gainers. About 1199 shares have advanced, 2220 shares declined, and 113 shares are unchanged. Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 percent and 0.4 percent. On the downside, the Nifty IT index crashed by 3.16 percent. The Nifty PSU Bank and Realty indices were other top laggards which tumbled 1.7 percent and 1.5 percent, metal index was down 1 percent. In the broader markets, the MidCap and SmallCap indices shed 0.45 percent and 1 percent, respectively.

Closing Bell: Sensex gains 160 points, Nifty at 18609.35

Closing Bell: Sensex gains 160 points, Nifty at 18609.35
Thursday, December 8, 2022
At Close, the Sensex was up 160 points or 0.26% at 62,570.68, and the Nifty was up 48.80 points or 0.26% at 18,609.30. The top gainers were Axis Bank (up 1.94%), IndusInd Bank (up 1.80%), Eicher Motors (up 1.69%), and L&T (up 1.58%). The top losers were Sun Pharma (down 3.76%), Power Grid (down 1.56%), and Kotak Bank (down 1.12%). About 1808 shares have advanced, 1587 shares declined, and 122 are unchanged. Among sectors, the Nifty PSU Bank index gained 4 percent, and bank, and Capital goods indices up 1 percent each. On the downside, the Nifty Pharma index slipped over 1 percent, while the Nifty Realty and power dipped 0.7 percent. BSE midcap and smallcap indices rose 0.3-0.4 percent.

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

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

Closing Bell:, Sensex falls 216 points, Nifty at 18560.50

Closing Bell:, Sensex falls 216 points, Nifty at 18560.50
Wednesday, December 7, 2022
At Close, the Sensex was down 215.68 points or 0.34% at 62,410.68, and the Nifty was down 82.30 points or 0.44% at 18,560.50.HCL Tech, Wipro, NTPC, TCS, Tech M, and Kotak Bank were the top Sensex laggards, down up to 0.7%, while ONGC was the top Nifty loser. On the flip side, Asian Paints, L&T, ICICI Bank, SBI, Ultratech Cement, Sun Pharma, Cipla, and BPCL were the top gainers across the two frontline indices. About 1464 shares have advanced, 1928 shares declined, and 140 are unchanged. Sectorally, the Nifty FMCG index settled 0.96 percent higher, and the Nifty PSU Bank index, too, ended higher. Power, metal, and realty indices are down 1 percent each. In the broader market, the BSE MidCap and SmallCap indices fell in tandem with the frontline indices and slipped about 0.4 percent each.

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

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

Closing Bell: Sensex down 208 points, Nifty at 18642.75

Closing Bell: Sensex down 208 points, Nifty at 18642.75
Tuesday, December 6, 2022
At Close, the Sensex was down 208.24 points or 0.33% at 62,626.36, and the Nifty was down 58.20 points or 0.31% at 18,642.80. Tata Steel, HCL Tech, Infosys, TCS, and Nestle led losses on the Sensex, while Hindalco was the top Nifty loser of the day. On the flip side, Hindustan Unilever, Axis Bank, Powergrid, Bajaj Finance, HDFC, and L&T were the top outperformers across the two indices. About 1565 shares have advanced, 1825 shares declined, and 135 are unchanged. The broader markets, too, fell in tandem with the benchmarks with the BSE MidCap and SmallCap indices dropping 0.53 percent and 0.32 percent, respectively. Among sectors, the Nifty IT index fell 1.5 percent, while the Nifty PSU Bank index gained 1.2 percent.

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

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

Closing Bell: Sensex ends flat at 62834.60, Nifty at 18701.05

Closing Bell: Sensex ends flat at 62834.60, Nifty at 18701.05
Monday, December 5, 2022
At Close, the Sensex was down 33.90 points or 0.05% at 62,834.60, and the Nifty up 4.90 points or 0.03% at 18,701, as investors awaited outcomes of the Reserve Bank of India's monetary policy meeting, and Assembly elections of Gujarat and Himachal Pradesh, due later this week. Tata Steel, NTPC, SBI, IndusInd Bank, and Power Grid were the top Sensex gainers, while RIL. Tech M, Dr. Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards. About 2080 shares have advanced, 1401 shares declined, and 191 are unchanged. Sectorally, the Nifty Metal index gained nearly 2 percent. Nifty PSU Banks soared in trade, gaining over 1.2% intraday while Nifty IT and Nifty Auto was the biggest sectoral laggards. The NSE Nifty MidCap 100 closed up 0.23%, while the Nifty SmallCap 100 index ended up 0.43%. Nifty PSU Banks soared in trade, gaining over 1.2% intraday while Nifty IT and Nifty Auto was the biggest sectoral laggards.

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

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

Closing Bell: Sensex falls 415 points, Nifty at 18696.10

Closing Bell: Sensex falls 415 points, Nifty at 18696.10
Friday, December 2, 2022
At Close, the Sensex was down 415.69 points or 0.66% at 62,868.50, and the Nifty was down 116.40 points or 0.62% at 18,696.10, as investors preferred to take home some profits ahead of the weekend and upcoming RBI policy next week. Eicher Motors, M&M, Tata Consumer Products, HUL, and Hero MotoCorp were among the top Nifty losers. The gainers were Apollo Hospitals, Grasim Industries, Tech Mahindra, Tata Steel, and Dr. Reddy’s Laboratories. About 1995 shares have advanced, 1376 shares declined, and 137 are unchanged. The broader markets ended on a mixed note, but the Nifty Midcap closed 0.88% and Nifty Smallcap indices ended 0.6% up. All of Nifty’s sectoral indices shifted between gains and losses. Nifty Oil & Gas ended flat, while Nifty Realty and Nifty Media were the day’s top gainers. Nifty Auto and Nifty FMCG were the biggest laggards.

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

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

Closing Bell: Sensex gains 184.54 points, Nifty at 18812.50

Closing Bell: Sensex gains 184.54 points, Nifty at 18812.50
Thursday, December 1, 2022
At close, Sensex was up 184.54 points or 0.29% at 63,284.19, and the Nifty was up 54.20 points or 0.29% at 18,812.50, for the eight straight days in spite of some volatility owing to the weekly Nifty options expiry.UltraTech Cement, Tata Steel, Hindalco Industries, TCS, and Grasim Industries were among the top Nifty gainers. The losers included ICICI Bank, Eicher Motors, UPL, Cipla, and Bajaj Auto. About 1985 shares have advanced, 1394 shares declined, and 141 are unchanged. Bank Nifty hit a record high intraday as well, at 43,515, before closing at 43,353. The broader indices ended in the green, with Nifty Midcap up 0.83% and the Nifty Smallcap up 0.61%. The Nifty IT index soared 2.42%, with TechM, Coforge, and L&T Technology Services leading the gains. The BSE midcap and smallcap index added 0.6 percent each.

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

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

Gland pharma enters into agreement with Cenexi

Gland pharma enters into agreement with Cenexi
Wednesday, November 30, 2022
Shares of Gland Pharma slipped 5 percent to Rs 1,787.55 on the BSE in Wednesday's intra-day trade after the company entered into a Put Option Agreement to acquire 100 percent of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). The acquisition would provide the company with the technical know-how in sterile forms, including ophthalmic gel, needleless injectors, and hormones said, analysts. As the acquisition fulfills the need for a local presence to gain business in European markets, it is looked at in a positive light by analysts. The acquisition will be funded through internal accruals. Commenting on the deal, Srinivas Sadu, Managing Director and CEO of Gland Pharma, said during an analyst call earlier in the day: “Thanks to this deal, Gland would become one of the largest players in the CDMO space. This acquisition will not only help expand footprint but also accelerate product portfolio in the European market. Read more

Closing Bell:Sensex gains 417.81 points, Nifty at 18758.35

Closing Bell:Sensex gains 417.81 points, Nifty at 18758.35
Wednesday, November 30, 2022
At Close, the Sensex was up 417.81 points or 0.67% at 63,099.65, and the Nifty was up 140.30 points or 0.75% at 18,758.30, for the seventh consecutive session on November 30. Mahindra & Mahindra, UltraTech Cement, Hindustan Unilever, and PowerGrid Corporation were the top gainers in the Sensex pack. Bharti Airtel, Tata Steel, Titan, Asian Paints, and Kotak Bank also finished with smart gains. On the flip side, IndusInd Bank and SBI were down around a percent each. About 1992 shares have advanced, 1395 shares declined, and 104 are unchanged. The broader markets also closed in the green, as Nifty Smallcap 100 was up 0.6% and the Nifty Midcap 100 ended 1% higher. All sectoral indices ended positively, barring Nifty PSU Bank which was 1.23% down. The BSE Midcap index jumped over a percent, while the Smallcap index added 0.6 percent.

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

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

Closing Bell: Sensex gains 177 points, Nifty at 18618.05

Closing Bell: Sensex gains 177 points, Nifty at 18618.05
Tuesday, November 29, 2022
At Close, the Sensex was up 177.04 points or 0.28% at 62,681.84, and the Nifty was up 55.20 points or 0.30% at 18,618, for the sixth straight trading session, with FMCG, select IT, and pharma stocks taking the lead in trades on Tuesday. Hindustan Unilever, Sun Pharma, Nestle, ICICI Bank, Dr Reddy, and Tata Steel lead the BSE Sensex rally, while IndusInd Bank, Bajaj Finserv, Maruti, Powergrid, Asian Paints, and Larsen & Toubro anchored the gains. About 1653 shares have advanced, 1717 shares declined, and 147 are unchanged. The NSE Midcap and Smallcap were down 0.5 percent each. Sectorally, the gains were led by Nifty FMCG and Nifty Metal which outshined the other indices. FMCG, Pharma, and Metal indices rose 0.5-1 percent least performing among the lot were Nifty Auto, Nifty Oil & gas, and Nifty Realty.

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

MARKET UPDATE: Sensex rose over 200 points to its new high for a fourth day at 62,724 and Nifty gained 70 points to 18,631, its fresh high for a second session
Tuesday, November 29, 2022
Extending early gains, the BSE Sensex rose over 200 points to its new high for the fourth day at 62,724, and the NSE Nifty50 gained 70 points to 18,631, its fresh high for a second session. Titan, ITC, M&M, ICICI Bank, Sun Pharma, and Dr Reddy's were the top winners on the Sensex, up to 1 percent higher, while Hindalco, Britannia, and Cipla were the top Nifty gainers. On the downside, Maruti, Tata Motors, Bajaj Finserv, IndusInd Bank, L&T, Wipro, and Reliance were the leading losers across the two benchmarks. Read more

Closing Bell: Sensex gains 211 points, Nifty at 18562.75

Closing Bell: Sensex gains 211 points, Nifty at 18562.75
Monday, November 28, 2022
At Close, the Sensex was up 211.16 points or 0.34% at 62,504.80, and the Nifty was up 50 points or 0.27% at 18,562.80. Reliance Industries and BPCL shares were the top Sensex gainers. Nestle India, Asian Paints, Bajaj Finserv, and ICICI Bank were the notable gainers among the Sensex 30 shares. On the flip side, Tata Steel, HDFC Bank, and Bharti Airtel slipped over a percent each.About 2024 shares have advanced, 1458 shares declined, and 185 are unchanged. The broader market was trading in the green while Nifty’s sectoral indices shifted between gains to losses. Nifty Metal was the biggest loser, ending down 1.19% while Nifty Oil & Gas rose 1.36%. The volatility gauge, India VIX, ended up 1.2% at 13.49.BSE Midcap and Smallcap indices added 0.7 percent each.

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

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

Closing Bell: Sensex up 21 points, Nifty at 18512.75

Closing Bell: Sensex up 21 points, Nifty at 18512.75
Friday, November 25, 2022
At Close, the Sensex was up 20.96 points or 0.03% at 62,293.64, and the Nifty was up 28.70 points or 0.16% at 18,512.80, amid weak Asian markets and mixed global cues. Coal India, Tata Motors, HDFC Life, RIL, and Hero MotoCorp were among the major gainers on the Nifty, while Britannia, Titan, Kotak Bank, Nestle India, and ICICI bank were the laggards. About 2029 shares have advanced, 1361 shares declined, and 126 are unchanged. In the broader market, the BSE MidCap and SmallCap indices rallied 0.77 percent, and 0.67 percent, respectively. All sectors shifted between gains and losses. The nifty Media index gained the most, the Nifty Realty index added 1.2 percent, and auto, metal, and pharma indices up 0.5 percent each. whereas Nifty Bank, Nifty FMCG, and Nifty Financial Services indices declined the most. The nifty FMCG index fell 0.3 percent.

Closing Bell: Sensex up 762.10 points, Nifty at 18484.10

Closing Bell: Sensex up 762.10 points, Nifty at 18484.10
Thursday, November 24, 2022
At Close, the Sensex was up 762.10 points or 1.24% at 62,272.68, and the Nifty was up 216.80 points or 1.19% at 18,484.10, as the Federal Reserve said that the central bank is seeing progress in its fight against high inflation and is looking to slow the pace of rate hikes, cheered market bulls. The top Sensex winners were Infosys, Power Grid, Wipro, Tech M, HCL Tech, TCS, HDFC, Sun Pharma, HUL, and M&M. On the downside, Kotak Bank, Bajaj Finance, Bajaj Finserv, and Tata Steel were the losers. About 1886 shares have advanced, 1494 shares declined, and 133 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices added 0.5 percent, and 0.4 percent, respectively. Among sectors, the Nifty IT index jumped 2.6 percent, while the Nifty FMCG and Financial Services index gained a little over 1 percent. The Nifty Bank index, which settled 0.8 percent higher, had hit a record high of 43,163.4 during the day.

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

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

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

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

Closing Bell: Sensex gains 274 points, Nifty at 18244.20

Closing Bell: Sensex gains 274 points, Nifty at 18244.20
Tuesday, November 22, 2022
At Close, the Sensex was up 274.12 points or 0.45% at 61,418.96, and the Nifty was up 84.20 points or 0.46% at 18,244.20, as weakness in oil prices brightened economic prospects. Larsen and Toubro, NTPC, Eicher Motors, IndusInd Bank, and Maruti Suzuki were among the major gainers on the Nifty, while TCS, Nestle India, JSW Steel, Asian Paints, and HCL Technologies were the laggards. About 1587 shares have advanced, 1772 shares declined, and 140 are unchanged. In the broader markets, the BSE MidCap index gained 0.48 percent, while the BSE SmallCap index dipped 0.10 percent. Among sectors, all but the Nifty Reality index gained in trade. The Nifty PSU Bank index outshone the market as it added 1.66 percent and Nifty Auto indices gained up to nearly 1%. while power and reality are down 1 percent each. Nifty IT, Nifty Metal and indices slipped up to 0.5%

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

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

Closing Bell: Sensex down 518 points, Nifty at 18159.95

Closing Bell: Sensex down 518 points, Nifty at 18159.95
Monday, November 21, 2022
At Close, the Sensex was down 518.64 points or 0.84% at 61,144.84, and the Nifty was down 147.70 points or 0.81% at 18,160, as cautious global approach, ahead of the release of the minutes of the US Federal Reserve's last policy meeting, kept investors on the sidelines. Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance were the losers in the Nifty 50 pack. while gainers were BPCL, Bharti Airtel, Axis Bank, HUL, and IndusInd BankAbout 1462 shares have advanced, 2014 shares declined, and 170 shares are unchanged. In the broader market, the BSE MidCap, and SmallCap indices outperformed the benchmarks as the former fell just 0.15 percent, while the latter added 0.01 percent. Sectorally, the Nifty PSU Bank index rose 1.4 percent, while all others shut shop in the negative zone. The Nifty IT and Realty indices slipped the most, down up to 1.5 % Nifty Auto, Nifty Pharma, and Nifty FMCG indices declining up to 1%

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

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

Closing Bell: Sensex down 87 points, Nifty at 18307.65

Closing Bell: Sensex down 87 points, Nifty at 18307.65
Friday, November 18, 2022
At Close, the Sensex was down 87.12 points or 0.14% at 61,663.48, and the Nifty was down 36.20 points or 0.20% at 18,307.70, as selling pressure ensued across sectors. HCL Technologies, HUL, Asian Paints, SBI, and Kotak Mahindra Bank were among the top Nifty gainers, while the biggest losers were M&M, Bajaj Auto, Cipla, IndusInd Bank, and Maruti Suzuki. About 1424 shares have advanced, 1966 shares declined, and 119 shares are unchanged.India VIX, the volatility gauge, slipped over 1%. All sectors shifted between gains and losses. While Nifty Metal, Nifty Media, and Nifty IT started to trade with marginal gains, Nifty FMCG, Nifty Pharma, and Nifty Auto indices were trading with losses. Broader markets, too, joined the weak market mood as the BSE Midcap and smallcap indices slipped up to 1.2 percent.

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

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

Closing Bell: Sensex down 250 points, Nifty at 18343.90

Closing Bell: Sensex down 250 points, Nifty at 18343.90
Thursday, November 17, 2022
At Close, Sensex closed 247.10 points lower or 0.40 percent at 61,733. Nifty ended 76.30 points lower at 18,333.40, owing to selling pressure in auto, IT, and HDFC twins. Titan and Mahindra & Mahindra (M&M) slipped over 2 percent each. The other prominent losers were Maruti, HDFC, Dr.Reddy's, Bajaj Finserv, and Infosys. On the positive front, Larsen & Toubro gained 1.3 percent. PowerGrid also finished with a notable gain. About 1431 shares advanced, 1880 shares declined, and 87 shares were unchanged. The BSE Midcap and Smallcap indices were down 0.3 per cent each. Sectorally, the BSE Consumer Durables index dropped 1.7 percent. The Auto and Power indices were down 1.3 per cent each, while the IT index slipped 0.8 per cent.

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

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

Closing Bell: Sensex up 107.73, Nifty at 18409.65

Closing Bell: Sensex up 107.73, Nifty at 18409.65
Wednesday, November 16, 2022
At Close, the Sensex was up 107.73 points or 0.17% at 61,980.72, and the Nifty was up 6.30 points or 0.03% at 18,409.70, after swinging between gains and losses ahead of the weekly F&O expiry. Kotak Bank rallied 2.6 percent. Hindustan Unilever, Dr.Reddy's, and TCS were the other prominent gainers. On the other hand, Bajaj Finance and Tata Steel shed 2 percent each. Bajaj Finserv and NTPC were down over a percent each. About 1394 shares have advanced, 2011 shares declined, and 115 are unchanged. The BSE Midcap index slipped 0.7 percent, and the Smallcap index was down 0.3 percent. Sectorally, the BSE Metal index fell 1.5 percent. The Power and Realty indices were also down over a percent each. while some buying was seen in the banking names.

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

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

Closing Bell: Sensex gains 248 points, Nifty at 18403.40

Closing Bell: Sensex gains 248 points, Nifty at 18403.40
Tuesday, November 15, 2022
At Close, the Sensex was up 248.84 points or 0.40% at 61,872.99, and the Nifty was up 74.20 points or 0.40% at 18,403.40, in late deals on the back of buying support in select index heavyweights like ICICI Bank, Bharti Airtel and Infosys. Power Grid Corporation, ONGC, ICICI Bank, Bharti Airtel, and Dr. Reddy's Laboratories were among the top Nifty gainers, while Coal India, HDFC Life, Grasim Industries, Cipla, and Bajaj Finserv were the laggards. About 1582 shares have advanced, 1814 shares declined, and 120 are unchanged. Sectorally, the BSE Oil & Gas index advanced a percent. The Bankex was the other significant gainer. The auto was up 0.5 percent. Whereas, the Metal index slipped 0.6 percent. Broader indices underperformed the main indices with midcap and smallcap indices ending on a flat note.

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

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

Closing Bell: Sensex down 171 points, Nifty at 18329.15

Closing Bell: Sensex down 171 points, Nifty at 18329.15
Monday, November 14, 2022
At Close, the Sensex was down 170.89 points or 0.28% at 61,624.15, and the Nifty was down 20.50 points or 0.11% at 18,329.20as investors remained cautious ahead of retail and wholesale inflation readings for the month of October. About 1662 shares have advanced, 1851 shares declined, and 141 are unchanged. Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with the most gains on Sensex, while Hindalco, Apollo Hospitals, and JSW Steel were the additional gainers On the other hand, Dr. Reddy’s, SBI, Divis’s Labs, Sun Pharma, ITC, Maruti Suzuki were the top drags across the two frontline indices. The BSE mid-cap and small-cap indices were trading marginally lower in the broader market, down up to 0.3%. Among sectors, the realty and metal index are up 1 percent each, while the FMCG index is down 1 percent

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

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

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally

CLOSING BELL: Sensex leaps 1,181 pts to a fresh 52-week high of 61,841 and Nifty touched 18,362 amid global rally
Friday, November 11, 2022
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

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

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

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

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

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

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

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

CLOSING BELL: Sensex fell 152 points to 61,033 and Nifty50 shut shop at 18,157, down 46 points
Wednesday, November 9, 2022
Equities turned lower at the fag-end of the session with the S&P BSE Sensex falling 152 points, or 0.25 percent, to 61,033. The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 percent. Both the indices had hit an intra-day high of 61,447, and 18,296, respectively. In the broader markets, the BSE MidCap, and the BSE SmallCap indices slipped 0.5 percent, and 0.3 percent, respectively. Sectorally, all indices, except banking stocks were in the red. The Nifty PSU Bank index surged nearly 4 percent, while the Nifty Bank added 0.25 percent. The Nifty Realty index was the worst hit, down 1.4 percent. Read more

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

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

Stock market holiday: Trading at BSE, NSE closed today

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

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

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

Closing Bell:Sensex gains 114 points, Nifty at 18117.15

Closing Bell:Sensex gains 114 points, Nifty at 18117.15
Friday, November 4, 2022
At Close, the Sensex was up 113.95 points or 0.19% at 60,950.36, and the Nifty was up 64.50 points or 0.36% at 18,117.20. Bajaj Finserv, Tata Steel and UltraTech Cement, SBI, Reliance Industries, Asian Paints, and Bajaj Finance were the major gainers. On the other hand, Dr.Reddy’s, Hindustan Unilever, Infosys, and HDFC Bank were the other notable losers. About 1997 shares have advanced, 1356 shares declined, and 129 are unchanged. Among sectors, the Metal index is up 4 percent, the PSU Bank index is up 1 percent, and the Pharma index is down 1 percent.. Bank Nifty index was closed in green at around 41298. The BSE midcap index ended on a flat note, and smallcap index was up 0.4 percent.

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

MARKET UPDATE: Sensex lowered over 100 points to hit a low of 60,697 levels and Nifty50 declined over 10 points to trade below 18,050 levels
Friday, November 4, 2022
Indin equity markets wiped off early gains and inched lower in today's(4 November 20222) intra-day trade amid mixed global cues. Key indices Nifty50 declined over 10 points to trade below 18,050 levels, whereas the S&P BSE Sensex lowered over 100 points to hit a low of 60,697 levels. Broader markets, meanwhile, were volatile as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. All sectors shifted between gains and losses. While the Nifty Metal index gained the most, over 1 percent; the Nifty IT index declined the most, over 1 percent. Read more

Closing Bell: Sensex down 70 points, Nifty at 18052.70

Closing Bell: Sensex down 70 points, Nifty at 18052.70
Thursday, November 3, 2022
At Close, the Sensex was down 69.68 points or 0.11% at 60,836.41, and the Nifty was down 30.10 points or 0.17% at 18,052.70. Tech Mahindra, Hindalco Industries, Power Grid Corporation, NTPC, and Infosys were among the top Nifty losers. Gainers included SBI, Titan Company, UPL, and HUL. About 1725 shares have advanced, 1630 shares declined, and 120 are unchanged. In the broader market, the BSE Midcap and Smallcap indices ended marginally higher. All sectors were fluctuating between gains and losses.IT and Power stocks bore brunt of the selling pressure, while select financial shares pulled back in trades. Except, bank, realty, and FMCG, all other sectoral indices ended in the red.

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

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

Closing Bell: Sensex down 215 points, Nifty at 18082.85

Closing Bell: Sensex down 215 points, Nifty at 18082.85
Wednesday, November 2, 2022
At Close, the Sensex was down 215.26 points or 0.35% at 60,906.09, and the Nifty was down 62.60 points or 0.34% at 18,082.80.ahead of the US Federal Reserve meet outcome later tonight. Bharti Airtel, Apollo Hospitals, Maruti Suzuki, Eicher Motors, and Britannia Industries were among the top Nifty losers, while gainers included Hindalco Industries, Sun Pharma, ITC, ONGC, and Tech Mahindra. About 1752 shares have advanced, 1615 shares declined, and 135 are unchanged. The BSE Midcap index eked a 0.1 percent loss, while the Smallcap index added 0.2 percent. On the sectoral front, selling was seen in the Auto, Bank, Capital Goods, Information Technology, PSU Bank, and Power, and Realty names. On the other hand, Metal and Pharma indices ended on a positive note.

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

MARKET UPDATE: Sensex lowered over 100 points to trade below 61,000 levels and Nifty50 declined over 20 points to trade flat below 18,140
Wednesday, November 2, 2022
Key indices Nifty50 declined over 20 points to trade flat below 18,140 and the S&P BSE Sensex lowered over 100 points to trade below 61,000 levels. Broader markets, however, were fractionally higher as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.2 percent. All sectors shifted between gains and losses, with Nifty Pharma and Nifty Media indices advancing over 1 percent each. Nifty IT, Nifty Auto, and Nifty PSU Bank indices, however, slipped up to 0.4 percent. Among individual stocks, shares of LIC Housing Finance plunged 13 percent after the company reported a disappointing set of numbers in Q2FY23. Besides, shares of Karnataka Bank soared over 17 percent after net profit grew 228 percent YoY (an all-time quarterly high) to Rs 411.5 crore in Q2FY23.

Closing Bell: Sensex gains 375 points, Nifty at 18145.40

Closing Bell: Sensex gains 375 points, Nifty at 18145.40
Tuesday, November 1, 2022
At Close, the Sensex was up 374.76 points or 0.62% at 61,121.35, and the Nifty was up 133.20 points or 0.74% at 18,145.40, as strong corporate earnings, and renewed FII buying lifted sentiment. Adani Enterprises, Divis Labs, NTPC, Power Grid Corp, and Grasim Industries were among the top Nifty gainers, while losers included Axis Bank, UPL, Eicher Motors, Reliance Industries, and Maruti Suzuki. About 1765 shares have advanced, 1579 shares declined, and 129 are unchanged. In the broader market, the BSE Midcap index jumped a percent, while the Smallcap index added 0.3 percent. Among sectoral indexes, consumer durables, capital goods, and auto indices rose the most. Sectorally, the BSE Power index soared over 2 percent. The IT, Healthcare were up around 1.7 percent each, and the Metal index too was up a percent.

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

MARKET UPDATE: Sensex advanced over 300 points to reclaim 61,058 levels and Nifty50 climbed over 50 points to trade above 18,100 levels
Tuesday, November 1, 2022
Key indices Nifty50 climbed over 50 points to trade above 18,100 levels and the S&P BSE Sensex advanced over 300 points to reclaim 61,058 levels after a gap of nine months. Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.3 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. Barring the Nifty Metal index, all sectors swam in the sea of green, with Nifty PSU Bank and Nifty Pharma indices rising up to 1 percent. Among individual stocks, shares of Equitas SFB gained over 2 percent after the lender reported over two-fold jump in net profit to Rs 116 crore in Q2FY23. Besides, shares of Castrol India slipped over 1 percent after the company reported flat growth in its PAT at Rs 187 crore in Q2FY23.

Closing Bell:Sensex gains 787 points, Nifty at 18012.20

Closing Bell:Sensex gains 787 points, Nifty at 18012.20
Monday, October 31, 2022
At Close, the Sensex was up 786.74 points or 1.31% at 60,746.59, and the Nifty was up 225.40 points or 1.27% at 18,012.20. Ultratech Cement, Sun Pharma, HDFC twins, L&T, M&M, Bajaj twins, Bharti Airtel, Asian Paints, Infosys, Tech M, Kotak Bank, HUL, Titan, and ITC jumped 1-4%. On the downside, NTPC, Dr Reddy’s Labs, IndusInd Bank, and Nestle were the only Sensex losers. About 1788 shares have advanced, 1657 shares declined, and 164 are unchanged. In the broader market, the BSE MidCap, and SmallCap indices edged 1.24 percent, and 0.45 percent higher, respectively. The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 percent each, while others added up to 1 percent.

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

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

Closing Bell: Sensex gains 203 points, Nifty at 17786.80

Closing Bell: Sensex gains 203 points, Nifty at 17786.80
Friday, October 28, 2022
At Close, Sensex ended higher by 203.01 points or 0.34 percent at 59,959.85. Nifty ended higher by 49.80 points or 0.28 percent at 17,786.80, supported by gains across index-heavyweights like Reliance Industries, Maruti Suzuki, Hindustan Unilever, and Bajaj Twins.NTPC, Mahindra & Mahindra, PowerGrid Corporation, Titan, and Bajaj Finserv were the other notable gainers. On the other hand, Tech Mahindra and Tata Steel shed 2.5 percent each. Sun Pharma, ICICI Bank, SBI, and Axis Bank were the other prominent losers, down 1 - 2 percent each. About 1470 shares have advanced, 1868 shares declined, and 114 are unchanged. The broader markets were subdued as Nifty MidCap 100 and Nifty SmallCap 100 indices slipped up to 0.3%. Nifty Oil & Gas, Nifty Auto, and Nifty FMCG indices led the charge as they surged up to 2%, while the Nifty Metal index was the worst sectoral performer as it declined over 1.4% and the IT index slipped 0.7 percent.

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

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

Closing Bell: Sensex gains 300 points, Nifty at 17736.95

Closing Bell: Sensex gains 300 points, Nifty at 17736.95
Thursday, October 27, 2022
At Close, the Sensex was up 212.88 points or 0.36% at 59,756.84, and the Nifty was up 80.70 points or 0.46% at 17,737, as investors adjusted their positions due to monthly F&O expiry. Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners on the Sensex, up over 1 percent each. Bajaj twins, Asian Paints, Nestle, Tech M, and Wipro were the laggards, down up to 2 percent. About 1770 shares have advanced, 1548 shares declined, and 125 are unchanged. The BSE MidCap and SmallCap indices gained 0.4 percent each in the broader markets. Sectorally, the Nifty Metal index climbed over 3 percent, and Power and Realty up 2-3 percent. while Nifty IT fell 0.44 percent.

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

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

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.

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

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

Muhurat Trading session: Sensex settled 525 points higher at 59,832 and Nifty with a solid gain of 154 points at 17,731

Muhurat Trading session: Sensex settled 525 points higher at 59,832 and Nifty with a solid gain of 154 points at 17,731
Monday, October 24, 2022
Muhurat Trading session: The key benchmark indices started Samvat 2079 on a gung-ho note led by strong gains in financial and capital goods stocks. In today's(24 October 2022) one-hour special trading session, the S&P BSE Sensex scaled a high of 59,994 and eventually settled 525 points higher at 59,832. The NSE Nifty touched a high of 17,778 and ended with a solid gain of 154 points at 17,731. In the process, the benchmark indices registered the best-ever trading session on Muhurat day in the last 14 years, since 2008. Among the Sensex 30 stocks, Nestle India surged 3 percent. ICICI Bank, Larsen & Toubro, SBI and HDFC twins were the major gainers. On the flip side, Hindustan Unilever shed 3 percent. Read more

Closing Bell: Sensex gains 104.25 points, Nifty at 17576.30

Closing Bell: Sensex gains 104.25 points, Nifty at 17576.30
Friday, October 21, 2022
At Close, the Sensex was up 104.25 points or 0.18% at 59,307.15, and the Nifty was up 12.30 points or 0.07% at 17,576.30, as weak global cues amid an escalating crisis in Ukraine weighed on investor sentiment. The gains in benchmark indices were led by Axis Bank, HUL, ICICI Bank, Kotak Bank, SBI Life, and Apollo Hospitals. On the flip side, Bajaj Finserv, Bajaj Finance, Divis Labs, Adan Ports, UPL, Asian Paints, and L&T capped gains. About 1404 shares have advanced, 1920 shares declined, and 136 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices dipped 0.75 percent and 0.6 percent, respectively. Sectorally, The Nifty PSU Bank and Private Bank indices gained the most, up 1.8 percent and 1.6 percent, respectively, while the Nifty Pharma index fell 0.8 percent.

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

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

Closing Bell: Sensex gains 96 points, Nifty at 17563.95

Closing Bell: Sensex gains 96 points, Nifty at 17563.95
Thursday, October 20, 2022
At Close, the Sensex was up 95.71 points or 0.16% at 59,202.90, and the Nifty was up 51.70 points or 0.30% at 17,564.00.Nestle India, HUL, ITC, HCL Tech, and Reliance Industries were the top Nifty gainers, while losers were IndusInd Bank, Hindalco, Bajaj Auto, Coal India, and Tata Motors. About 1597 shares have advanced, 1721 shares declined, and 129 shares are unchanged. Among sectors, the Nifty Private Bank index declined the most, down 1 percent. Nifty Auto, Nifty Metal, and Nifty Consumer Durables indices declined over 1 percent. On the contrary, the Nifty PSU Bank index and IT indices climbed over 2 percent, and 1.4 percent, respectively. In the broader markets, the BSE MidCap index underperformed peers as it fell 0.18 percent. The BSE SmallCap index, meanwhile, settled unchanged.

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

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

Closing Bell: Sensex gains140 points, Nifty at 17512.25

Closing Bell: Sensex gains140 points, Nifty at 17512.25
Wednesday, October 19, 2022
At Close, the Sensex was up 146.59 points or 0.25% at 59,107.19, and the Nifty was up 25.30 points or 0.14% at 17512.30.HDFC, Nestle India, ITC, Reliance Industries and Axis Bank were among the top Nifty gainers, while NTPC, JSW Steel, SBI, Bajaj Finserv, and Coal India were the top losers. About 1592 shares have advanced, 1724 shares declined, and 149 shares are unchanged. Sectorally, Nifty FMCG, Nifty Realty, and Nifty Bank indices led the charge as they surged up to 0.4 percent. However, Nifty IT, Nifty Pharma, and Nifty Metal indices declined in the range of 0.2-0.5 percent. Nifty MidCap 100 and Nifty SmallCap 100 advanced up to 0.5 percent. Volatility gauge, India VIX, meanwhile, slipped over 1 percent. The rupee ended at a fresh record closing low of 83 per dollar against the previous close of 82.36.

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

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

Closing Bell: Sensex up 550 points, Nifty at 17486.95

Closing Bell: Sensex up 550 points, Nifty at 17486.95
Tuesday, October 18, 2022
At Close, the Sensex was up 549.62 points or 0.94% at 58,960.60, and the Nifty was up 175.20 points or 1.01% at 17,487. The gains were largely led by bank, auto, IT, and FMCG stocks.SBI, Adani Ports, Eicher Motors, Nestle India, and SBI Life Insurance were among the top Nifty gainers. NTPC, HDFC, Bajaj Auto, Tech Mahindra, and Britannia Industries were the top losers. About 2007 shares have advanced, 1332 shares declined, and 119 shares are unchanged. In the broader markets, the Nifty MidCap and SmallCap indices gained 1.2 percent, and 0.75 percent, respectively. Among sectors, FMCG, auto, capital goods, power, PSU Bank, and realty are up 1-4 percent. Overall, the market breadth firmly favored buyers in the ratio of 2:1.

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

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

Closing Bell: Sensex gains 491 points, Nifty at 17311.80

Closing Bell: Sensex gains 491 points, Nifty at 17311.80
Monday, October 17, 2022
At Close, Sensex gained 491 points or 0.8 percent to finish at 58411, while NSE Nifty 50 index settled at 17311.80, up 0.7 percent or 126 points. The gains in the benchmark indices were led by SBI, NTPC, RIL, ICICI Bank, Bajaj Auto, SBI Life, Axis Bank, Bajaj Finserv, Dr. Reddy's Labs, IndusInd Bank, Maruti Suzuki, HUL, Hero MotoCorp.On the flip side, L&T, HCL Tech, Wipro, Tata Steel, Nestle India, and Bharti Airtel were among the top index laggards. Sectorally, the Nifty PSU Bank index climbed 3.6 percent, the Nifty Bank index 1.6 percent, Nifty Financial Services, and Private Bank indices up to 1.5 percent, and the Nifty IT index 0.3 percent. In the broader market, the Nifty MidCap index was up 0.24 percent, while the Nifty SmallCap index added 0.5 percent.

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

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

Closing Bell: Sensex gains 684 points, Nifty at 17185.70

Closing Bell: Sensex gains 684 points, Nifty at 17185.70
Friday, October 14, 2022
At Close, the Sensex was up 684.64 points or 1.20% at 57,919.97, and the Nifty was up 171.40 points or 1.01% at 17,185.70, led by strong gains in IT major Infosys and the HDFC twins. Infosys, HDFC Bank, HDFC, UPL, and HCL Tech were among the top Nifty gainers. ONGC, M&M, Bajaj Auto, JSW Steel, and Hindalco Industries were the top losers. About 1757 shares have advanced, 1591 shares declined, and 146 shares are unchanged. Bank, capital goods, healthcare, and IT indices rose 0.5-1.8 percent, while metal, power, and oil & gas indices were down 0.5-1 percent each. The BSE Midcap index was up 0.1 percent, while the Smallcap index ended unmoved.

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

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

Closing Bell: Sensex falls 390.58 , Nifty at 17014.35

Closing Bell: Sensex falls 390.58 , Nifty at 17014.35
Thursday, October 13, 2022
At Close, the Sensex was down 390.58 points or 0.68% at 57,235.33, and the Nifty was down 109.30 points or 0.64% at 17,014.30. following a steep rise in India's retail inflation to 7.41 percent in September, which in turn prompted fears of another 50 basis points rate hike by the RBI. Wipro, Adani Ports, SBI, SBI Life Insurance, and L&T were among the top Nifty losers, while HCL Tech, Sun Pharma, Coal India, Britannia, and Tata Motors were the top gainers. About 1283 shares have advanced, 2054 shares declined, and 130 are unchanged. Among sectoral indices, the BSE Bankex and Capital Goods were the major losers, down over a percent each. The Power and Realty indices too shed a percent each. However, the Healthcare and Metal indices managed to end with notional gains. In the broader markets, the BSE Midcap index and Smallcap indices fell 0.5% each. The focus will now be on the US CPI data to be released later today.

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

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

Closing Bell: Sensex gains 478 points, Nifty at 17123.60

Closing Bell: Sensex gains 478 points, Nifty at 17123.60
Wednesday, October 12, 2022
At Close, the Sensex was up 478.59 points or 0.84% at 57,625.91, and the Nifty was up 140.10 points or 0.82% at 17,123.60, backed by steady gains in FMCG, power, and select financial shares. The overall mood turned cautiously positive as the US, and UK stock futures edged higher. Stocks of PowerGrid Corporation of India, Axis Bank, IndusInd Bank, NTPC, M&M, and Reliance Industries Ltd (RIL), were among the top index gainers. On the contrary, Asian Paints, Dr. Reddy’s Laboratories, Bharti Airtel, ICICI Bank, and Titan Company were among the top index laggards. All the sectoral indices ended in green. Bank Nifty jumped more than 1 percent to settle at 39,119.BSE midcap index rose 0.6 percent and smallcap index added 0.2 percent.

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

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

Closing Bell: Sensex crashes 843 points, Nifty at 16983.55

Closing Bell: Sensex crashes 843 points, Nifty at 16983.55
Tuesday, October 11, 2022
At Close, the Sensex was down 843.79 points or 1.46% at 57,147.32, and the Nifty was down 257.50 points or 1.49% at 16,983.50 for the third consecutive session with Nifty finishing below the 17,000 level. SBI Life Insurance, Bajaj Auto, HDFC Life, HUL, and Maruti Suzuki were among the major losers on the Nifty, while Adani Ports, Wipro, Adani Enterprises, HCL Technologies, and Tata Motors were the gainers. About 1036 shares have advanced, 2291 shares declined, and 133 are unchanged. All sectors swung between gains and losses, as Nifty IT, Nifty Media, and Nifty Metal indices gained marginally in trade. Nifty Bank, Nifty Realty, and Nifty Auto indices, however, declined up to 0.4%. BSE midcap and smallcap index fell over 1 percent each.

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

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

Closing Bell: Sensex down 200 points, Nifty at 17241.00

Closing Bell: Sensex down 200 points, Nifty at 17241.00
Monday, October 10, 2022
At Close, the Sensex was down 200.18 points or 0.34% at 57,991.11, and the Nifty was down 73.70 points or 0.43% at 17,241. Index heavyweights such as Reliance Industries Ltd (RIL), HDFC Bank, ITC, Housing Development Finance Corporation (HDFC), and Asian Paints contributed the most to the indices’ losses.TCS and Axis Bank rallied nearly 3 percent. The other prominent gainers were Maruti, Tech Mahindra, Wipro, and Infosys. About 1406 shares have advanced, 2056 shares declined, and 161 are unchanged. In the broader markets, the BSE Midcap and Smallcap indices were down over 0.5 percent each. Whereas, among sectors, the BSE IT index was the sole gainer - up nearly 1 percent. On the other hand, the Consumer Durables, Power, FMCG, and Capital Goods indices lost significant ground. The BSE Bankex was down marginally at the close, down 0.1 percent at 44,657, having recovered smartly from the day's low of 43,990.

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

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

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

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

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

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

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

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

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

Stock market highlights:: Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250, up 387 points
Tuesday, October 4, 2022
A global rebound in market sentiment propelled Indian equities higher today(4 October 2022). The S&P BSE Sensex gained 1,277 points, or 2.25 percent, to settle at 58,065. It had touched an intra-day high of 58,100. On the NSE, the Nifty50 shut shop at 17,274, up 387 points or 2.29 percent. The index neared 17,300-mark in the intra-day deals. "Indices surged over 2 percent buoyed by positive global cues, and encouraging quarterly updates on advances, and collections from banks during the second quarter. Ahead of the festive season, the Street is optimistic about retail demand across segments. Participation of the IT sector today lent ammunition to the Bulls as almost all sectoral indices ended in the green. Positive tailwinds back home, amid gloom elsewhere in the globe, left Bears stranded today as the Sensex vaulted past 58,000," said a market expert. Read more

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

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

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

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

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

Closing Bell: Sensex gains 1017 points, Nifty at @ 17094.35

Closing Bell: Sensex gains 1017 points, Nifty at @ 17094.35
Friday, September 30, 2022
At Close, the Sensex was up 1,016.96 points or 1.80% at 57,426.92, and the Nifty was up 276.20 points or 1.64% at 17,094.30, as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement. Stocks of Bharti Airtel, IndusInd Bank, Bajaj Finance, Titan Company, HDFC Bank, Kotak Mahindra Bank, Tata Steel, Maruti Suzuki, Axis Bank, and Reliance Industries were among the top index gainers. On the flip side, Asian Paints, Dr Reddy’s, ITC, Tech Mahindra, and Hindustan Unilever capped the index’s losses. Among sectors, the Nifty PSU Bank, and Private Bank indices advanced around 3 percent each, followed by the Nifty Metal, and Financial Services indices, up 2 percent each.BSE Midcap and Smallcap indices added 1 percent each.

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

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

Sensex and Nifty drop for seventh day running

Sensex and Nifty drop for seventh day running
Friday, September 30, 2022
Benchmark indices fell for the seventh day — their longest losing streak in seven months — ahead of a key rate-setting meeting of the Reserve Bank of India as the selloff in the global markets continued. The central bank is expected to raise the policy rate by 50 basis points (bps). The benchmark Sensex jumped over 500 points in opening trade following an overnight rebound in the US market. However, the optimism was short-lived as the US dollar’s ascent against global currencies continued. The 30-pack index closed at 56,410, down 188 points, or 0.33 percent, over the previous day’s close and 756 points below its day’s high. In the past seven trading sessions, the index is down 3,310 points, or 5.5 percent amid sustained selling by overseas funds, sparked by the decline in the rupee. Previously, the Sensex had declined for seven straight sessions in February. Read more

Closing Bell: Sensex down

Closing Bell: Sensex down
Thursday, September 29, 2022
At Close, Sensex was down 188.32 points or 0.33% at 56,409.96, and the Nifty was down 40.50 points or 0.24% at 16,818.10. Asian Paints, TCS, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance, and Reliance Industries, among others, contributed the most to the indices’ loss. About 1775 shares have advanced, 1435 shares declined, and 102 are unchanged. Among sectors, the Nifty Pharma index gained 1.3 percent, followed by the Nifty PSU Bank index up 1.1 percent, the power index down 1.3 percent, and FMCG, metal, and pharma indices were up 1 percent each. On the downside, the Nifty IT index fell 0.9 percent. In the broader markets, the Nifty MidCap, and SmallCap indices added 0.4 percent, and 0.6 percent, respectively.

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

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

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

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

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

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

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

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

Closing Bell: Sensex down 953 points, Nifty at 17016.30

Closing Bell: Sensex down 953 points, Nifty at 17016.30
Monday, September 26, 2022
At Close, the Sensex was down 953.70 points or 1.64% at 57,145.22, and the Nifty was down 311 points or 1.79% at 17,016.30. Stocks of index heavyweights such as Reliance Industries Ltd (RIL), ICICI Bank, ITC, HDFC Bank, Axis Bank, and Maruti Suzuki India contributed the most to the indices’ fall. About 630 shares have advanced, 2860 shares declined, and 120 are unchanged. All sectors plunged into the sea of red with the Nifty Auto, Nifty Metal, Nifty Media, and Nifty Realty indices taking the biggest hit. Weakness spread to broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 3 percent and 4 percent, respectively. The volatility gauge, India VIX, meanwhile, jumped over 8 percent.

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

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

Closing Bell: Sensex tanks 1021 points, Nifty at 17327.35

Closing Bell: Sensex tanks 1021 points, Nifty at 17327.35
Friday, September 23, 2022
At Close, the Sensex was down 1,020.80 points or 1.73% at 58,098.92, and the Nifty was down 302.50 points or 1.72% at 17,327.30.amid fears of a global recession. The stock of just Sun Pharma, ITC, and Tata Steel ended in the green. PowerGrid Corporation of India plunged over 8 percent, followed by NTPC, State Bank of India (SBI), Mahindra & Mahindra (M&M), Bajaj Finserv, Bajaj Finance, HDFC Bank, Housing Development Finance Corporation, among others dragged the index the most. About 959 shares have advanced, 2417 shares declined, and 106 shares are unchanged. Sectorally, the Nifty PSU Bank index plunged 4 percent, while the Nifty Bank, Private Bank, and Realty indices fell 2.6 percent each. The BSE MidCap and SmallCap indices underperformed the frontline indices as they declined between 2 percent and 2.3 percent.

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

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

Closing bell: Sensex down 337 points, Nifty at 17629.80

Closing bell: Sensex down 337 points, Nifty at 17629.80
Thursday, September 22, 2022
At Close, the Sensex was down 337.06 points or 0.57% at 59,119.72, and the Nifty was down 88.50 points or 0.50% at 17,629.80, as investors digested a 75-basis point interest rate hike by the US Federal Reserve. Besides, the weekly F&O derivatives expiry added to the volatility. ITC, Bajaj Finance, IndusInd Bank, NTPC, Kotak Mahindra Bank, Axis Bank, Nestle India, and Tata Steel were top Sensex gainers. Housing Development Finance Corporation (HDFC), Wipro, Tech Mahindra, Tech Mahindra, Dr. Reddy’s, HCL Tech, and Sun Pharma were Sensex losers. Sectorally, indices ended up mixed with the Nifty FMCG index rising over 1 percent, while the Nifty Bank and Financial Services indices fell to 1.4 percent each. The broader markets, on the contrary, ended in the positive zone, with the BSE MidCap and SmallCap indices advancing up to 0.5 percent.

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

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

Closing Bell: Sensex down 263 points, Nifty at 17718.35

Closing Bell: Sensex down 263 points, Nifty at 17718.35
Wednesday, September 21, 2022
At Close, the Sensex was down 262.96 points or 0.44% at 59,456.78, and the Nifty was down 98 points or 0.55% at 17,718.30, ahead of the US Federal Reserve's monetary policy outcome, which is due later tonight. Stocks of Hindustan Unilever Ltd (HUL), ITC, Bajaj Finance, Tech Mahindra, M&M, Reliance Industries, and Nestle India were the top Sensex gainers. On the contrary, IndusInd Bank, UltraTech Cement, Power Grid Corporation of India, L&T, NTPC, HCL Tech, and Dr. Reddy’s were among the top index laggards. About 1251 shares have advanced, 2115 shares declined, and 117 shares are unchanged. Among sectors, the Nifty FMCG index was the sole gainer, rising 1.2 percent. The losses, meanwhile, were led by the Nifty Metal index down 2 percent), the Nifty Pharma index 1.4 percent), and the Nifty Oil & Gas index 1.2 percent).In the broader market, the Nifty MidCap and SmallCap indices mildly underperformed the frontline indices as they fell 0.7 percent, and 1 percent, respectively.

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

MARKET UPDATE:Sensex was flat at 59,707 levels, while Nifty50was flat below 17,800 levels
Wednesday, September 21, 2022
Indian markets were flat on today's(21 September 2022) intra-day trade ahead of the US Federal Reserve's interest rate outcome. Key indices Nifty50 were flat below 17,800 levels and the S&P BSE Sensex was flat at 59,707 levels. Broader markets, however, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 climbed up to 0.4 percent. All sectors traded on a volatile note as they swung between gains and losses. Nifty FMCG and Nifty Media indices climbed over 1 percent. On the other hand, Nifty Bank, Nifty Energy, and Nifty Realty indices were bogged down in trade. Read more

Closing Bell: Sensex gains 578 points, Nifty at 17816.25

Closing Bell: Sensex gains 578 points, Nifty at 17816.25
Tuesday, September 20, 2022
At Close, the Sensex was up 578.51 points or 0.98% at 59,719.74, and the Nifty was up 194 points or 1.10% at 17,816.30, amid a broad-based rally. Stocks of IndusInd Bank, Tech Mahindra, Bajaj Finserv, HCL Tech, L&T, Tata Steel, and ICICI Bank were among the top Sensex gainers. While ICICI Bank, and Reliance Industries. HDFC Bank among others contributed the most to the indices gain. while losers included Nestle India, Shree Cements, Grasim Industries, Power Grid Corp, and Infosys. About 2038 shares have advanced, 1334 shares declined, and 123 are unchanged. The broad-based rally was led by the Nifty Pharma index, which rose nearly 3 percent today. Besides, the Nifty Auto and Private Bank indices advanced 1.7 percent each. The Nifty PSU Bank index eked out the least gains as it edged 0.5 percent higher.BSE Midcap and Smallcap indices rose 1-1.6 percent

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

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

Closing Bell: Sensex gains 300 points, Nifty at 17622.25

Closing Bell: Sensex gains 300 points, Nifty at 17622.25
Monday, September 19, 2022
At Close, the Sensex was up 300.44 points or 0.51% at 59,141.23, and the Nifty was up 91.50 points or 0.52% at 17,622.30, as investors awaited key central banks' decisions, including that of the US Federal Reserve, due later this week. Bajaj Finserv, M&M, Infosys, State Bank of India, Axis Bank, IndusInd Bank, and Power Grid Corporation of India were among the top index gainers. UltraTech Cement, Asian Paints, Titan Company, Tata Steel, HCL Tech, and Maruti Suzuki were index laggards. About 1665 shares have advanced, 1852 shares declined, and 127 are unchanged. The BSE MidCap and SmallCap indices slipped 0.16 percent each. Sectorally, the Nifty Metal, and Realty indices closed in the red, falling from 0.5 percent to 0.9 percent. On the contrary, the Nifty PSU Bank index advanced 2 percent, and the Nifty FMCG and Auto indices surged 1 percent each.

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

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

Closing Bell: Sensex crashes 1093 points, Nifty at 17530.85

Closing Bell: Sensex crashes 1093 points, Nifty at 17530.85
Friday, September 16, 2022
At Close, Sensex declined 1,093.22 points or 1.82 percent to end at 58,840.79. Nifty ended 346.60 points lower at 17,530.80 as recession fears hammered global equities. Index heavyweights such as Reliance Industries, Infosys, HDFC Bank, Housing Development Finance Corporation, Tata Consultancy Services (TCS), and ICICI Bank among others, contributed the most to the indices fall. About 952 shares have advanced, 2455 shares declined, and 100 shares were unchanged. The Nifty MidCap 100 and SmallCap 100 fell in the range of 2.5 percent to 3 percent. Among sectors, IT and realty shed over 3 percent. The volatility index -- India VIX -- surged 8 percent today to settle near a 20-odd level.

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

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

Closing Bell: Sensex down 413 points, Nifty at 17877.40

Closing Bell: Sensex down 413 points, Nifty at 17877.40
Thursday, September 15, 2022
At Close, Sensex is down 413 points or 0.68 per cent at 59,934. The NSE Nifty, meanwhile, hit a low of 17,861, but ended at 17,877, down 126 points or 0.73 per cent.IT, pharma, and select metal stocks reeled under pressure today with Hindalco, Infosys, Cipla, Tech M, Tata Steel, Divis Labs, and Apollo Hospitals leading the list of Nifty losers. Other losers were Hero MotoCorp, Bajaj Finserv, Bajaj Auto, Titan, HDFC Life, IndusInd Bank, and Bajaj Finance. On the upside, banking and auto stocks zoomed with Maruti Suzuki, Eicher Motors, HDFC, SBI, ICICI Bank, and M&M rising up to 2.6 percent. About 1648 shares advanced, 1754 shares declined, and 113 shares were unchanged. Other gainers were Adani Ports, NTPC, PowerGrid, Grasim, and Coal India. Sectorally, Nifty Auto and Nifty Energy indices held marginal gains, while Nifty Media, Nifty IT, and Nifty Realty indices were subdued in trade. In the broader markets, the BSE MidCap and SmallCap indices advanced 0.3 percent and 0.06 percent.

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

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

SBI market capitalisation hits Rs 5 lakh crore

SBI market capitalisation hits Rs 5 lakh crore
Wednesday, September 14, 2022
Shares of State Bank of India on Wednesday became the third lender after HDFC Bank and ICICI Bank. and the seventh Indian company to cross the Rs 5-trillion market cap for the first time after its shares rallied over 22 percent and touched a record high of Rs 564.45 so far this year. Market watchers believe that SBI should deliver healthy core-PPOP (Pre-Provision Operating Profit) growth in FY23E and FY24E led by a gradual improvement in net interest margins, lower credit costs, and strong loan growth over FY22-24E. According to stock market experts, SBI shares are in an ‘uptrend’ and the stock has a strong support base at ₹530 per share levels. They said that those who have this PSU bank stock in their portfolio should continue to hold the stock for an immediate target of ₹600 apiece levels. Read more

Closing Bell: Sensex ends low 224 points, Nifty at 18003.75

Closing Bell: Sensex ends low 224 points, Nifty at 18003.75
Wednesday, September 14, 2022
At Close, Sensex ended the day 224 points lower at 60,346. Nifty shed 66 points, closing at 18,003, despite weak global cues Stocks of NTPC, Asian Paints, Nestle India, Dr. Reddy’s, and Hindustan Unilever were among the top index gainers. Infosys, Tech Mahindra, Tata Consultancy Services, TCS, HCL Tech, Wipro, L&T, HDFC Bank, Reliance were among the top Sensex draggers. About 1632 shares have advanced, 1740 shares declined, and 140 shares were unchanged. The Nifty IT index slipped 3.4 percent, and the Nifty Metal and the Nifty Bank indices rose over 1 percent each. In the broader markets, the BSE MidCap index dipped 0.1 percent, while the BSE SmallCap index fell 0.01 percent. The volatility index -- India VIX -- surged 5 percent today.

Fineotex Chemicals gained 100 percent in 2 months

Fineotex Chemicals gained 100 percent in 2 months
Tuesday, September 13, 2022
Shares of Fineotex Chemical rallied more than 9% on the BSE to hit a record high of ₹409.45 apiece on the BSE in Friday's trading session, backed by a strong business outlook. The specialty chemical stock has been in an upward moment over the past few sessions. In the past month, the stock has soared 57 percent after the company reported a strong set of numbers for the quarter that ended June 2022 (Q1FY23). In comparison, the S&P BSE Sensex was up 1.7 percent during the period. Further, in the past three months, the stock has zoomed 156 percent, against a 14 percent gain in the benchmark index.In a clarification sought by the stock exchanges for the significant movement in the stock price, the company in a regulatory filing last week said that “we would like to inform you that, at present the Board of the company has not taken any decision which has an impact on the movement in price. Further, the company has declared its yearly and quarterly positive results in the month of April Read more

Closing Bell: Sensex gains 456 points, Nifty at 18070.05

Closing Bell: Sensex gains 456 points, Nifty at 18070.05
Tuesday, September 13, 2022
At Close, Sensex ended the day 456 points higher at 60,566.16. Nifty gained 130.50 points to close above 18070.05 for the fourth day amid a broad-based rally. Stocks of Reliance Industries, Bajaj Finance, Titan Company, Infosys, Wipro, Tech Mahindra, and HDFC Bank were among the top BSE Sensex gainers. Index heavyweights such as Infosys, HDFC Bank, Bajaj Finserv, Reliance Industries, Bajaj Finance, and others contributed the most to the indices gain. The losers were Shree Cement, Cipla, Eicher Motors, TCS, BPCL, Dr Reddy's, and Bajaj Auto. About 1776 shares advanced, 1600 shares declined, and 101 were unchanged. Sectorally, the gains were led by the Nifty Metal index up 1.3 percent, the Nifty Financial Services index up 0.9 percent, and the Nifty Bank index up 0.71 percent.

Closing Bell: Sensex gains 312, Nifty at 17936.35

Closing Bell: Sensex gains 312, Nifty at 17936.35
Monday, September 12, 2022
At Close, Sensex ended the day 312.26 points higher or 0.52 percent at 60,105.40, and Nifty added 97.50 points or 0.55 percent to close at 17,930.80. Tech Mahindra, Infosys, Tata Steel, HCL Tech, M&M, Wipro, TCS, Titan Company, ICICI Bank, Dr. Reddy’s, and Reliance, were among the top index gainers. HDFC (Housing Development Finance Corporation) was the only S&P BSE Sensex loser. About 2013 shares advanced, 1326 shares declined, and 143 remained unchanged. Sectorally, it was a sea of green with the Nifty Realty and IT indices leading the charts, rising 2 percent and 1.4 percent, respectively. The Nifty Auto index posted the smallest gain of 0.27 percent. Nifty Bank index was up 0.3 percent, to trade above 40,540. The BSE MidCap and SmallCap indices advanced up to 1 percent higher.

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

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

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

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

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

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

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

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

Closing Bell: Sensex gains 443 points, Nifty at 17665

Closing Bell: Sensex gains 443 points, Nifty at 17665
Monday, September 5, 2022
At close, the 30-pack Sensex was up 443 points, or 0.75 percent, at 59.246 and the Nifty ended the day with a gain of 126 points, or 0.72 percent, at 17,666 on robust economic growth prospects. Tech Mahindra, Kotak Mahindra Bank, ICICI Bank, HCL Tech, Reliance Industries, NTPC, Axis Bank, and State Bank of India were among the top S&P BSE Sensex gainers. Nestle India, Dr. Reddy’s, Hindustan Unilever, M&M, and Power Grid Corporation of India are among the top index losers. Nifty Metal climbed over 1.5 percent closely following Nifty Media which was up 2 percent. Nifty Bank index gained more than 0.6 percent to 39,666 on Monday. Nifty Private Bank index gained 1 percent gain. The BSE MidCap index added 0.46 percent to the broader market, and the BSE SmallCap index gained 0.9 percent.

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

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

Closing Bell: Sensex ends flat at 58803.33, Nifty at 17,539.50

Closing Bell: Sensex ends flat at 58803.33, Nifty at 17,539.50
Friday, September 2, 2022
At Close, the Sensex was up 36.74 points or 0.06% at 58,803.33, and the Nifty was down 3.30 points or 0.02% at 17,539.50, as a lack of domestic and global cues kept investors on the sideline. Shares of Adani Enterprises hit a record high of Rs 3,290 after they gained 2% on the NSE intra-day.BPCL, Shree Cements, Hero MotoCorp, Hindalco Industries, and ONGC were among the major losers on the Nifty, while gainers were HDFC, ITC, Adani Ports, Larsen, and Toubro, and HDFC Bank About 1726 shares have advanced, 1612 shares declined, and 137 shares are unchanged. The BSE MidCap index dipped 0.35 per while the BSE SmallCap index eked out gains of 0.04 percent Among sectors, the Nifty Financial Services, and FMCG indices added 0.5 percent and 0.4 percent, respectively, while the Nifty PSU Bank index fell 0.77 percent..

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

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

Closing Bell: Sensex down 770 points, Nifty at 17542.80

Closing Bell: Sensex down 770 points, Nifty at 17542.80
Thursday, September 1, 2022
At Close, the Sensex fell 1,014 points intra-day before closing at 58,766.5, down 770.5 points or 1.29 percent. The Nifty50, too, hit a low of 17,468 before ending 216.5 points, or 1.22 percent, lower at 17,543. About 1904 shares have advanced, 1446 shares declined, and 142 shares are unchanged. Hindalco Industries, Reliance Industries, ONGC, TCS, and SBI Life Insurance were among the top losers on the Nifty. At the same time, the gainers were Tata Consumer Products, Bajaj Finserv, Asian Paints, Eicher Motors, and Hero MotoCorp. The S&P BSE MidCap and SmallCap indices settled 0.5 percent higher each. Among sectors, the Nifty Realty index added 1 percent, followed by the Nifty PSU Bank index up 0.7 percent. On the downside, the Nifty IT index declined 1.9 percent, followed by the Nifty Pharma index down 1.12 percent.

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

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

Closing Bell: Sensex gains 1567 points, Nifty at 17759.30

Closing Bell: Sensex gains 1567 points, Nifty at 17759.30
Tuesday, August 30, 2022
At Close, Sensex clocked a one-way rally of 1,564 points, or 2.7 percent, to end at 59,537. The Nifty50, too, surged 446 points, or 2.58 percent, to close at 17,759 as broad-based buying emerged across sectors. All the 50 constituents of the Nifty50 index settled higher Bajaj Finserv, IndusInd Bank, Maruti, Bajaj Finance, and Tata Motors were the top Nifty gainers, while Dr. Reddy’s was the sole loser. The BSE MidCap index added about 2 percent, while the BSE SmallCap index gained 1.3 percent. The Nifty Financial Services index is up 3.5 percent, the Nifty Realty index 3.4 percent, the Nifty Bank index 3.3 percent, and the Nifty IT and Auto indices 2.6 percent each. According to Devang Mehta, Head – of Equity Advisory at Centrum Wealth, Indian markets bounced back with renewed vigor after a sharp fall on Monday, led by the inflation and interest rate rhetoric from the US.

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

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

Major factors for today's market mayhem

Major factors for today's market mayhem
Monday, August 29, 2022
US markets plunged sharply after Powell’s speech on Friday. The Nasdaq shed the most by falling nearly 4 percent. The futures of the frontline indices were also steeply lower in after-market hours. The same was true for Asian equities as Nikkei, Hang Seng, and Strait times indices tanked up to 2.9 percent on Monday. Fresh recession fears: The US Fed's chair not only maintained that the bank would continue with interest rate hikes but also triggered renewed fears of an impending recession in the US economy. That apart, spiraling gas prices spiral in Europe are further lending strength to fears of a recession in major Western economies. European gas prices hit a record high above €343 per megawatt hour ($100 per million British thermal units) on Friday, hinting at the stark threat to energy-intensive industries. Read more

Closing Bell: Sensex down 861 points, Nifty at 17312.90

Closing Bell: Sensex down 861 points, Nifty at 17312.90
Monday, August 29, 2022
At Close, the Sensex was down 861.25 points or 1.46% at 57,972.62, and the Nifty was down 246 points or 1.40% at 17,312.90, as a lack of innovative fresh investments across verticals dented sentiment. Tech Mahindra, Infosys, Wipro, HCL Technologies, and TCS were among the significant Nifty losers, while Britannia Industries, Maruti Suzuki, Apollo Hospitals, Nestle India, and Asian Paints were the gainers. About 1414 shares have advanced, 1989 shares declined, and 205 are unchanged. The BSE MidCap and SmallCap indices closed up to 0.8 percent down in the broader market. Among sectors, the Nifty FMCG index was the sole gainer, up 0.3 percent. On the flip side, losses were led by the Nifty IT index down 3.5 percent, and the Nifty Bank index down 2 percent.

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

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

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

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

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

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

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

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

Closing Bell: Sensex gains 257 points, Nifty at 17577.50

Closing Bell: Sensex gains 257 points, Nifty at 17577.50
Tuesday, August 23, 2022
At Close, the Sensex was up 257.43 points or 0.44% at 59031.30, and the Nifty was up 86.80 points or 0.50% at 17577.50. Equity markets oscillated between gains and losses on Tuesday as investors read the global mood for further cues. Mahindra & Mahindra was the top-gaining stock, up 4.18% on Sensex, followed by Bajaj Finserv and Tata Steel. Infosys was the laggard, down 1.7%, accompanied by TCS, HUL, and Tech Mahindra. About 2077 shares have advanced, 1235 shares declined, and 146 are unchanged. In the broader market, the BSE MidCap and SmallCap indices added 1 percent and 0.78 percent, respectively. Among sectoral indices, the Nifty PSU Bank index gained 2.34 percent, while the Nifty IT index fell by the same percentage. Bank Nifty zoomed 1% while India VIX closed flat at 19 levels.

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

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

Closing Bell: Sensex falls 872 points, Nifty at 17490.70

Closing Bell: Sensex falls 872 points, Nifty at 17490.70
Monday, August 22, 2022
At Close, the Sensex was down 872.28 points or 1.46% at 58773.87, and the Nifty was down 267.80 points or 1.51% at 17490.70, as global macroeconomic concerns resurfaced. ITC gained 0.58% to end as the top gainer followed by Nestle India. All other Sensex stocks closed in the red, led by Tata Steel, down 4.3%. Asian Paints, L&T, and Ultratech Cement were the other laggards.About 1228 shares have advanced, 2214 shares declined, and 163 are unchanged. The BSE MidCap index skidded nearly 2 percent in the broader markets, while the BSE SmallCap index ended at 1.15 percent lower. All the sectoral indices ended in red. Bank Nifty was down 1.77% on the closing bell while India VIX zoomed 4% to close at 19.04.

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

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

Adani power share rallies 300 percent in 8 months

Adani power share rallies 300 percent in 8 months
Friday, August 19, 2022
Adani Power's share price soared 5 percent to a new 52-week high of Rs 419 apiece on Friday, taking its rally so far in 2022 to 307 percent. Adani Power surpassed the state-owned electric utility company NTPC in terms of market capitalization (market-cap) after a sharp rally in the share price of Gautam Adani-led Group company. Adani Power stood at 35th position with an m-cap of Rs 160,4291 crore, while NTPC stood at 37th spot in the overall ranking with a market cap of Rs 154,710 crore, BSE data shows. Adani Power also surpassed automobile company Mahindra & Mahindra (M&M), which has an m-cap of Rs 156,394 crore, data shows. Adani Power's share price has risen over 40 percent in the last month. Adani Power reported a 17-fold jump in its consolidated profit after tax (PAT) at Rs 4,780 crore in the June quarter (Q1FY23). The Adani Group electric utility company had posted PAT of Rs 278 crore in Q1FY22. Read more

Closing Bell: Sensex down 652 points, Nifty at 17758.45

Closing Bell: Sensex down 652 points, Nifty at 17758.45
Friday, August 19, 2022
At Close, the Sensex was down 651.85 points or 1.08% at 59,646.15, and the Nifty was down 198 points or 1.10% at 17,758.50 snapping an 8-day gaining streak and ending lower amid weak global cues.IndusInd Bank, Apollo Hospitals, Bajaj Finserv, Tata Motors, and Hindalco Industries were among the major Nifty losers. The gainers were Adani Ports, L&T, Infosys, Eicher Motors, and Bajaj Auto. About 1387 shares have advanced, 1927 shares declined, and 122 shares are unchanged. Broader markets, too, inched lower in the trade as Nifty Midcap 100 and Nifty Smallcap 100 declined over 1 percent. Sector-wise, Nifty Media and Nifty IT bucked the trend. Nifty Pharma, Nifty Bank, and Nifty FMCG, however, were the losers among the pack. Nifty Bank index fell 0.2 percent to 39,572.55 levels.

Closing Bell: Sensex gains 38 points, Nifty at 17956.50

Closing Bell: Sensex gains 38 points, Nifty at 17956.50
Thursday, August 18, 2022
After falling as much as 300 points during the day, the benchmark S&P BSE Sensex recouped all of its losses to end at 60,298, up 38 points or 0.06 percent. The NSE Nifty50, too, recovered from a low of 17,852 to settle at 17,965, up 21 points or 0.12 percent. Stocks of Bajaj Finserv, Power Grid Corporation of India, Bharti Airtel, State Bank of India, UltraTech Cements, Asian Paints, and Kotak Mahindra Bank are among the top index gainers. On the flip side, Dr Reddy’s Laboratories, Sun Pharma, Wipro, Infosys, TCS, and HCL Tech were among the top BSE Sensex losers. The broader BSE MidCap and SmallCap indices, meanwhile, outperformed the frontline indices throughout the day and closed up to 0.4 percent higher. Among sectors, the Nifty Metal and Realty indices gained over 1 percent each, the Nifty Pharma index was down 1.2 percent. Nifty Bank index fell marginally to 39,435.25, while Nifty IT fell 0.7 percent.

Closing Bell: Sensex up 379 points, Nifty at 17825.25

Closing Bell: Sensex up 379 points, Nifty at 17825.25
Tuesday, August 16, 2022
At close, the Sensex was up 379.43 points or 0.64 percent at 59,842.21, and the Nifty was up 127.10 points or 0.72 percent at 17,825.30, as fag-end buying in Reliance Industries' stock pushed indices off lows. Besides, an upbeat global mood, and a steady decline in inflation (CPI and WPI), kept the bulls charged on Dalal Street.M&M, Maruti Suzuki, Asian Paints, Hindustan Unilever, Ultratech Cement, Housing Development Finance Services (HDFC), Reliance Industries, Titan Company, ICICI Bank were among top Sensex gainers. On the flip side, the index laggards were Bharti Airtel, State Bank of India (SBI), Bajaj Finance, and Tata Consultancy Services (TCS). The BSE MidCap and SmallCap indices settled 1 percent higher in the broader markets. Sectorally, the Nifty Auto index jumped 2.5 percent, followed by the Nifty Realty index (up 2 percent). On the flipside, the Nifty PSB index dipped 0.3 percent.

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

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

Closing Bell: Sensex up 130 points, Nifty at 17698.15

Closing Bell: Sensex up 130 points, Nifty at 17698.15
Friday, August 12, 2022
At Close, the Sensex was up 130.18 points or 0.22% at 59,462.78, and the Nifty was up 39.20 points or 0.22% at 17,698.20, as investors awaited India's retail inflation data for July. ONGC, Tata Steel, NTPC, UPL, and Power Grid Corp were among the major Nifty gainers, while Divis Lab, Apollo Hospitals, Infosys, Maruti Suzuki, and Tata Consumer Products were the laggards. About 1771 shares have advanced, 1531 shares declined, and 142 shares are unchanged. Oil & Gas indices rose 2.5% and Metal and Power added 1.5% each. On the other hand, the Pharma index shed 1% and Information Technology (IT) index declined 0.76%.In the broader markets, the BSE MidCap and SmallCap indices closed 0.15 percent and 0.4 percent higher, respectively.

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

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

Closing Bell: Sensex gains 515 points, Nifty at 17659.00

Closing Bell: Sensex gains 515 points, Nifty at 17659.00
Thursday, August 11, 2022
At Close, the Sensex was up 515.31 points or 0.88% at 59,332.60, and the Nifty was up 124.20 points or 0.71% at 17,659.00 as lower-than-expected inflation in the US bolstered equities across the globe as investors turned to riskier assets. Tech Mahindra, Wipro, IndusInd Bank, ICICI Bank, Tata Consultancy Services (TCS), Infosys, HCL Tech, Titan Company, and Bajaj Finance were among the top S&P BSE Sensex gainers. The losers included Tata Consumer Products, Apollo Hospitals, ITC, Hindalco Industries, and NTPC. About 1772 shares have advanced, 1530 shares declined, and 138 are unchanged. From a sectoral viewpoint, the Nifty PSB index gained the most, up 2.3 percent, followed by the Nifty IT index, up 1.8 percent. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices edged between 0.5 per cent and 0.8 per cent higher.

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

MARKET UPDATE:Sensex surges 500pts, Nifty50 above 17,700 in pre-open deals
Thursday, August 11, 2022
Opening Bell: The Indian equity markets are likely to open on a positive note amid supportive global cues. As of 7:50 AM, the SGX Nifty Futures quoted 17,743 levels, indicating a gap up open of over 200 odd points on the Nifty50. Globally, better-than-expected US inflation data at 8.5 percent in July cheered Wall Street on Wednesday. Dow Jones jumped 500 points to 1.6 percent, while the S&P 500 climbed 2.1 percent, and NASDAQ Composite advanced 2.8 percent. Asia-Pacific markets followed suit and climbed in Thursday's morning trade. Australia's S&P 200 rose 0.9 percent, while South Korea's Kospi was 1.3 percent higher. Read more

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

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

Closing Bell: Sensex gains 465 points, Nifty at 17525.10

Closing Bell: Sensex gains 465 points, Nifty at 17525.10
Monday, August 8, 2022
At Close, the Sensex was up 465.14 points or 0.80% at 58,853.07, and the Nifty was up 127.60 points or 0.73% at 17,525.10,amid a broad-based rally.Reliance Industries, HDFC Bank, Bajaj Finance, and Maruti Suzuki were the top gainers in the Sensex pack. On the downside, BPCL, SBI, Ultratech Cement, Britannia, Adani Ports, and Hero MotoCorp fell over 1 percent each. About 1864 shares have advanced, 1535 shares declined, and 173 are unchanged. The BSE MidCap and SmallCap indices in the broader markets edged 0.3 percent higher each. Sectorally, the Nifty PSU Bank index slipped 0.4 percent, followed by the Nifty IT index (down 0.02 percent. All other indices clocked gains.

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

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

Closing Bell: Sensex gains 89 points, Nifty at 17397.50

Closing Bell: Sensex gains 89 points, Nifty at 17397.50
Friday, August 5, 2022
At Close, Sensex was up 89.13 points or 0.15% at 58387.93, and the Nifty added 15.50 points or 0.09% at 17397.50, as a hawkish monetary policy by the Reserve Bank of India (RBI) led to a tug of war between bulls and bears. Mahindra & Mahindra was the top laggard on Sensex, down 2%, followed by Reliance Industries, Maruti Suzuki India, and IndusInd Bank. Ultratech Cement added 2.31%, accompanied by ICICI Bank, and Airtel. The BSE MidCap and SmallCap indices added up to 0.2 percent in the broader market. Among sectors, the Nifty Auto index fell over 1 percent, On the upside, the Nifty IT index gained 0.6 percent. Indi VIX closed 1.77% lower at 18.92.

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

MARKET UPDATE:Sensex climbed over 200 points to trade at 58,517 levels and Nifty50 rose 40 points to trade above 17,400 levels
Friday, August 5, 2022
The Indian equity markets steered in a positive direction after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 percent. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. Frontline indices like Nifty50 rose 40 points to trade above 17,400 levels, whereas the S&P BSE Sensex climbed over 200 points to trade at 58,517 levels. Rate-sensitive sectors like Nifty Bank and Nifty Realty gain up to 0.4 percent. Nifty Auto, however, was down 0.1 percent in trade.

Closing Bell: Sensex down 52 points, Nifty at 17382.00

Closing Bell: Sensex down 52 points, Nifty at 17382.00
Thursday, August 4, 2022
At Close, the Sensex was down 51.73 points or 0.09% at 58,298.80, and the Nifty was down 6.20 points or 0.04% at 17,382, as investors booked profit after six consecutive sessions of the rally, and ahead of the RBI monetary policy outcome on Friday. Sun Pharma jumped 2.46% to end as the top gainer while Nestle India was up 2.39%, followed by Infosys, Dr. Reddy’s, and M&M. NTPC was the worst performer, accompanied by State Bank of India, Axis Bank, and Reliance Industries. About 1515 shares have advanced, 1735 shares declined, and 141 are unchanged. The Nifty Pharma is up 2.37 percent, Nifty IT 1.2 percent, and Nifty FMCG 0.5 percent indices clocking the most gains. PSU banks were the worst hit today with the Nifty PSB index down 1.75 percent. In the broader markets, the BSE MidCap and SmallCap indices added 0.3 percent and 0.2 percent, respectively. India VIX jumped more than 4% to end above 19 levels.

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

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

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

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

Closisng Bell: Sensex gains 21 points, Nifty at 17345.45

Closisng Bell: Sensex gains 21 points, Nifty at 17345.45
Tuesday, August 2, 2022
At Close, the Sensex was up 20.86 points or 0.04% at 58,136.36, and, the Nifty was up 5.50 points or 0.03% at 17,345.50, for a fifth straight day, albeit amid volatility, as losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance.IndusInd Bank was the top gainer on Sensex, up 2%, followed by Asian Paints, and NTPC. Tech Mahindra was the worst performer, ending 1.85% lower accompanied by HDFC, L&T, and HDFC Bank. About 1829 shares have advanced, 1460 shares declined, and 122 are unchanged. In the broader market, the BSE MidCap and SmallCap indices rose up to 0.5 percent. Sectorally, the Nifty PSU Bank index surged 2.7 percent, while the Nifty Realty index fell 1.7 percent. Bank Nifty outperformed and closed above the 38,000 mark while India VIX ended 5.95% higher at 18.53 levels.

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

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

Closing Bell: Sensex gains 545 points,nifty at 17340.05

Closing Bell: Sensex gains 545 points,nifty at 17340.05
Monday, August 1, 2022
At Close, the Sensex was up 545.25 points or 0.95% at 58,115.50, and the Nifty was up 181.70 points or 1.06% at 17,340 for a fourth straight day as hefty buying in auto, metals, financials, and Reliance Industries lifted sentiment.M&M was the top gainer on Sensex, up 6.29%, followed by Power Grid, NTPC, and Bharti Airtel. Sun Pharma was the top laggard, down 2.81%, accompanied by HUL, IndusInd Bank, and Nestle India. About 2230 shares have advanced, 1145 shares declined, and 187 are unchanged. In the broader market, the BSE MidCap and SmallCap indices added 1.5 percent each. Sectorally, the Nifty Auto index soared 3.3 percent, and the Nifty PSB and Metal indices were 1.5 percent each. The Nifty Pharma index was the only loser, down 0.08 percent.

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

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

Closing Bell: Sensex gains 712 points, Nifty at 17158.25

Closing Bell: Sensex gains 712 points, Nifty at 17158.25
Friday, July 29, 2022
At Close, the Sensex was up 712.46 points or 1.25% at 57,570.25, and the Nifty was up 228.70 points or 1.35% at 17,158.30, as investors lapped up metal and IT shares, along with index heavyweights shares. Tata Steel was the top Sensex gainer, soaring 7.4%, followed by Sun Pharma and HDFC. Dr Reddy’s dropped 3.9% to end as the worst performing Sensex stock, accompanied by Kotak Mahindra Bank, State Bank of India, and Axis Bank. About 2037 shares have advanced, 1197 shares declined, and 140 are unchanged. Sectorally, the Nifty Metal index climbed 4 percent, followed by the Nifty IT index by 2 percent. Public sector banks were the only losers with the Nifty PSB index down 1.2 percent. India VIX closed with losses, giving up 17 levels while Bank Nifty was up 0.30%. In the broader market, the BSE MidCap and SmallCap indices, too, added over 1 percent each.

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

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

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

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

Closing Bell: Sensex up 547.83 points, Nifty at 16641.80

Closing Bell: Sensex up 547.83 points, Nifty at 16641.80
Wednesday, July 27, 2022
At Close, the Sensex was up 547.83 points or 0.99% at 55816.32, and the Nifty was up 158.00 points or 0.96% at 16641.80, as a broad-based rally ensued on Dalal Street. The markets seemed unnerved ahead of the US Federal Reserve's policy outcome later tonight and rather focused on falling bond yields and domestic corporate earnings. Sun Pharma was up 3.3% on the closing bell as the best performing Sensex stock, followed by State Bank of India, and Larsen & Toubro. In the red was Bharti Airtel, falling 1.25%, accompanied by Kotak Mahindra Bank, and NTPC. About 1714 shares have advanced, 1521 shares declined, and 136 are unchanged. The rally was across-the-board with the Nifty Pharma and PSB indices climbing over 2 percent each, followed by the Nifty IT index (up 1.7 percent), and the Nifty Bank index (1 percent). The broader BSE MidCap and SmallCap indices underperformed at the bourses as they advanced up to 0.90 percent. Indi VIX closed 0.22% lower but was still above 18 levels.

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

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

Closing Bell: Sensex sheds 498 points, Nifty at 16483.85

Closing Bell: Sensex sheds 498 points, Nifty at 16483.85
Tuesday, July 26, 2022
At Close, the Sensex was down 497.73 points or 0.89% at 55,268.49, and the Nifty was down 147.20 points or 0.89% at 16,483.80, as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday. Infosys was the worst performing stock on Sensex, down 3.45%, accompanied by Hindustan Unilever, and Axis Bank. Zomato dived another 12.5% on Tuesday. Bajaj Finserv zoomed 5.58%, along with Power Grid and Bharti Airtel. About 1119 shares have advanced, 2128 shares declined, and 138 are unchanged. In the broader market, the BSE MidCap and SmallCap indices dropped over 1 percent each. All the sectoral indices ended in the red with metal, IT, pharma, auto, bank, capital goods, realty, and FMCG indices down 1-2 percent. Bank Nifty ended at 36,408, down 0.87% while India VIX rise 2.77% to breach 18 levels.

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

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

Closing Bell: Sensex down 306 points, Nifty at 16631.00

Closing Bell: Sensex down 306 points, Nifty at 16631.00
Monday, July 25, 2022
At Close, the Sensex was down 306.01 points or 0.55% at 55,766.22, and the Nifty was down 88.50 points or 0.53% at 16,631. Mahindra & Mahindra was the worst-performing Sensex stock, down 3.83%, followed by Reliance Industries and Maruti Suzuki India. Zomato’s share price tanked 11%. Tata Steel rose 3.1% as the top Sensex gainer, accompanied by IndusInd Bank and Asian paints. About 1465 shares have advanced, 1878 shares declined, and 168 are unchanged. Among sectors, Nifty Auto fell 1.7 percent, Bank Nifty index closed flat with a negative bias while India VIX rose 6.19%while Nifty Metal added 1.5 percent. In the broader market, the BSE MidCap index gained 0.03 percent but the BSE SmallCap index eased 0.13 percent.

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

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

Closing Bell: Sensex gains 390 points, Nifty at 16719.45

Closing Bell: Sensex gains 390 points, Nifty at 16719.45
Friday, July 22, 2022
At close, the Sensex was up 390.28 points or 0.70% at 56,072.23, and the Nifty was up 114.20 points or 0.69% at 16,719.50, for the sixth day in a row, despite tepid global cues. Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, rallying over 2% each. Infosys, Tata Consumer Products, NTPC, and Power Grid, on the other hand, shed over 1%. About 1732 shares have advanced, 1511 shares declined, and 143 shares are unchanged. Sectorally, the Nifty Bank added 1.6 percent, followed by the Nifty PSU Bank index up 1.5 percent. Nifty IT fell 0.6 percent, and power fell 0.5 percent. In the broader market, the BSE MidCap index fell 0.2 percent, but the BSE SmallCap index added 0.2 percent.

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

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

Closing Bell: Sensex gains 284 points, Nifty at 16605.25

Closing Bell: Sensex gains 284 points, Nifty at 16605.25
Thursday, July 21, 2022
At close, the Sensex was up 284.42 points or 0.51% at 55,681.95, and the Nifty was up 84.50 points or 0.51% at 16,605.30 for the fifth day, amid mixed global mood, and weak oil prices. IndusInd Bank, L&T, Bajaj Finance, Tata Consumer Products, UPL, L&T, Bajaj Finserv, Asian Paints, and Hindalco were the top gainers. At the same time, Kotak Bank, Dr. Reddy’s Labs, SBI Life, Cipla, and Reliance Industries fell the most, down to 2 percent. About 1950 shares have advanced, 1302 shares declined, and 155 shares are unchanged. The broader markets, however, outran the frontline indices with the BSE MidCap and SmallCap indices climbing up to 1.3 percent. Among sectors, the Nifty PSU index rose 1.56%, Oil & Gas, Power, and Capital Goods indices rose 1-2 percent. while Nifty Pharma slipped 0.4%.

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

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

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points

CLOSING BELL:Sensex stood at 55,397, up 630 points while Nifty reclaimed the 16,500-mark to end at 16,521, up 180 points
Wednesday, July 20, 2022
The market sentiment on Dalal Street was lifted today(20 July 2022) on Supportive global cues amid consistently falling commodity prices, and the government's decision to cut windfall tax on fuel exports. The S&P BSE Sensex opened gap-up with a gain of over 600 points and built on them to hit a high of 55,630. By the close, the index stood at 55,397, up 630 points or 1.15 percent. The Nifty50, on the other hand, reclaimed the 16,500-mark to end at 16,521, up 180 points or 1.1 percent. 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

Closing Bell: Sensex gains 344.63 points, Nifty at 16049.20

Closing Bell: Sensex gains 344.63 points, Nifty at 16049.20
Friday, July 15, 2022
At close, the Sensex was up 344.63 points or 0.65% at 53,760.78, and the Nifty was up 110.50 points or 0.69% at 16,049.20. Hindustan Unilever was the top gaining stock on Sensex, up 2.86%, followed by Titan and Maruti Suzuki India. Tata Steel, Power Grid, and HCL Tech were the laggards. About 1712 shares have advanced, 1491 shares declined, and 147 are unchanged. The BSE MidCap index added 0.85 percent in the broader market, and the BSE SmallCap index, too, gained 0.5 percent. Sectorally, the Nifty Auto index was the biggest gainer, up 2 percent, and FMCG and Capital Goods indices rose 1 percent each, Bank Nifty ended 0.09% higher. The Nifty Metal, on the contrary, eased 0.8 percent. India VIX fell 4% to settle at 17.6%.

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

Closing Bell: Sensex down 98 points, Nifty at 15938.65

Closing Bell: Sensex down 98 points, Nifty at 15938.65
Thursday, July 14, 2022
At close, the Sensex was down 98 points or 0.18% at 53,416.15, and the Nifty was down 28 points or 0.18% at 15,938.70, as the global mood turned cautious amid 40-year high inflation in the US. Sun Pharma was the top gainer on Sensex, up 2.55%, followed by Dr Reddy’s, and Kotak Mahindra Bank. Axis Bank was the worst performing Sensex constituent, accompanied by HCL Tech and State Bank of India. Sectorally, the Nifty PSU Bank index declined by 2 percent, while the Nifty IT index eased by 1.4 percent. On the upside, the Nifty Pharma index added 0.78 percent, Oil & Gas and Power indices gained 1-1.6 percent. In the broader market, the BSE MidCap and SmallCap indices slipped up to 0.56 percent. India VIX was in the red on the closing bell, hanging just above 18 levels.

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

Closing Bell: Sensex tanks 327 points, Nifty at 15966.65

Closing Bell: Sensex tanks 327 points, Nifty at 15966.65
Wednesday, July 13, 2022
At close, the Sensex was down 372.46 points or 0.69% at 53,514.15, and the Nifty was down 91.60 points or 0.57% at 15,966.70, as investors turned cautious ahead of the key US retail inflation data due later tonight.IndusInd bank was the top BSE Sensex loser, followed by Housing Development Finance Corporation (HDFC), Bharti Airtel, HDFC Bank, and Reliance Industries, among others. On the flip side, Hindustan Unilever (HUL), Asian Paints, Sun Pharma, Kotak Mahindra Bank, NTPC, Nestle India, Power Grid Corporation of India, Infosys, ITC, and others capped the index’s losses. About 1649 shares have advanced, 1584 shares declined, and 141 are unchanged. The BSE MidCap and SmallCap indices ended 0.32 and 0.04 percent higher, respectively. Among sectors, banks & financials, and oil & gas pockets on the Nifty were the top laggards, each closing 1 percent lower. Nifty IT also ended with marginal cuts, while, FMCG and Pharma indices ended with strong gains of 1 percent each.

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

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

Closing Bell: Sensex gains 508 points, Nifty at 16058.30

Closing Bell: Sensex gains 508 points, Nifty at 16058.30
Tuesday, July 12, 2022
At close, the Sensex was down 508.62 points or 0.94% at 53,886.61, and the Nifty was down 157.70 points or 0.97% at 16,058.30, amid nervousness in the global markets. Stocks of Infosys, Nestle India, HCL Tech, HUL, Mahindra & Mahindra, Kotak Mahindra Bank, Asian Paints, IndusInd Bank, and Titan Company were among the top index drags. On the flip side, NTPC, Bharti Airtel, and Bajaj Finance were the only gainers on S&P BSE Sensex. About 1436 shares have advanced, 1784 shares declined, and 157 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices outperformed the benchmark indices as they shed just 0.5 percent. All but the Nifty Realty index traded with losses, led by auto, IT, and metal counters. Nifty Bank index declined 0.95 percent to finish trade at 35,132. India VIX rose 1 percent to settle at 18.55 levels.

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

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

Closing Bell: Sensex down 87 points, Nifty at 16216.00

Closing Bell: Sensex down 87 points, Nifty at 16216.00
Monday, July 11, 2022
At close, the Sensex was down 86.61 points or 0.16% at 54,395.23, and the Nifty was down 4.60 points or 0.03% at 16,216. Stocks of Bharti Airtel, Tata Consultancy Services (TCS), HCL Tech, Infosys, Wipro, HUL, and State Bank of India (SBI) ended up to 5 percent down. On the flip side, Tata Steel was the top BSE Sensex gainer, followed by M&M, Dr Reddy’s, ICICI Bank, Asian Paints, ICICI Bank, Axis Bank, and Reliance Industries, among others. About 2035 shares have advanced, 1297 shares declined, and 155 are unchanged. Sectorally, except for the Nifty IT index, which closed 3 percent lower, all other indices eked out gains. The Nifty PSU Bank index was the top gainer, up 2 percent, and auto, metal, oil & gas, realty, and power indices rose 1-4 percent.BSE midcap and smallcap indices rose 0.5-1 percent.

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

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

IT stocks likely to remain under pressure amid global headwinds

IT stocks likely to remain under pressure amid global headwinds
Sunday, July 10, 2022
Information technology stocks are likely to remain under pressure in the near term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts. While the country's largest software exporter TCS reported a 5.2 percent rise in June quarter net profit on Friday, kicking off the latest earnings cycle, IT shares have been sliding, with the BSE Information Technology index tumbling nearly 24 percent so far this year. Cross-currency headwinds and large-scale talent churn resulting in higher wage hikes could also add to the challenges, especially in terms of the impact on operating margins, analysts opined. Read more

Closing Bell: Sensex gains 303 points, Nifty at 16220.60

Closing Bell: Sensex gains 303 points, Nifty at 16220.60
Friday, July 8, 2022
At close, the Sensex was up 303.38 points or 0.56% at 54,481.84, and the Nifty was up 87.70 points or 0.54% at 16,220.60, as a lack of fresh triggers kept indices directionless. L&T stock price gained 4.56% as the top Sensex gainer, followed by Power Grid, and NTPC. Tata Steel was the top laggard, down 1.6%, accompanied by Maruti Suzuki, and IndusInd Bank. TCS closed 0.61% lower ahead of its Q1 results. About 1859 shares have advanced, 1352 shares declined, and 146 are unchanged. Among sectors, the Nifty Metal index was the sole loser, down 0.8 percent. The Nifty Bank and FMCG indices, meanwhile, were the outperformers, up 0.5 percent each. BSE midcap and smallcap indices ended with marginal gains. India VIX was down 4%, giving up 19 levels while Bank Nifty ended at 35,124.

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

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

Closing bell: Sensex jumps 427 points, Nifty at 16132.90

Closing bell: Sensex jumps 427 points, Nifty at 16132.90
Thursday, July 7, 2022
At close, the Sensex was up 427.49 points or 0.80% at 54,178.46, and the Nifty was up 143.10 points or 0.89% at 16,132.90 for a second straight day, as falling commodity prices eased inflationary concerns. Titan was the top gainer, ending 5.88% higher, followed by Tata Steel, L&T, and IndusInd Bank. Dr Reddy’s was the top laggard, falling 1.3%, accompanied by Nestle India, and Bharti Airtel. About 2201 shares have advanced, 1013 shares declined, and 146 are unchanged. The BSE MidCap and SmallCap indices in the broader markets edged over 1 percent higher. The Nifty PSU Bank and metal index advanced the most, up 3.4 to 4 percent. The Nifty FMCG index, meanwhile, settled 0.08 percent down. while India's VIX fell 5.28% to give up 20 levels.

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

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

Closing Bell: Sensex gains 617 points, Nifty at 15989.80

Closing Bell: Sensex gains 617 points, Nifty at 15989.80
Wednesday, July 6, 2022
At close, the Sensex was up 616.62 points or 1.16% at 53,750.97, and the Nifty was up 178.90 points or 1.13% at 15,989.80, aided by a dramatic fall in oil prices and strength in global peers. Asian Paints was the top Sensex gainer, followed by Bajaj Finance, and IndusInd Bank. Tata Steel was the top laggard, accompanied by Power Grid, and NTPC. About 1779 shares have advanced, 1436 shares declined, and 131 are unchanged. From sectors, the Nifty metals index closed flat amid a continuous slide in metal prices. The oil & gas pocket was the sole loser, ending 0.17 percent down. On the other hand, Nifty Auto, FMCG, Realty, and Consumer Durables led the most gains, gaining 2-2.6 percent each. Bank nifty index was above the 34,000 mark while India VIX was in the red but still above 20 levels. The BSE midcap index rose 1.7 percent, and smallcap index added 0.94 percent.

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

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

Closing Bell: Sensex down 100 points, Nifty at 15810.85

Closing Bell: Sensex down 100 points, Nifty at 15810.85
Tuesday, July 5, 2022
At close, the Sensex was down 100.42 points or 0.19% at 53,134.35, and the Nifty was down 24.50 points or 0.15% at 15,810.90.PowerGrid, Shree Cement, Apollo Hospitals, Hindalco, Bajaj Finserv, ONGC, Tata Motors, and HUL were the top gainers on the 50-pack index, while ITC, Wipro, HDFC Life, Britannia Industries, Maruti Suzuki, and M&M were the top draggers. About 1671 shares have advanced, 1538 shares declined, and 150 are unchanged. Overall, the Nifty Metal index was the best performing sectoral index today, up 0.3 percent. On the flipside, the Nifty IT index slipped 0.7 percent, the Power index gained 0.6 percent, while selling was seen in the realty, IT, auto, and banking names. In the broader markets. the BSE MidCap index fell 0.4 percent, but the BSE SmallCap index rose by 0.2 percent.

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

MARKET UPDATE: Sensex surged 600 points to 53,830 and Nifty was seen back above the 16,000-mark
Tuesday, July 5, 2022
The Indian key benchmark indices extended gains for the second straight day as investors bought beaten-down shares in hopes of a relief rally. The BSE Sensex surged 600 points to 53,830. The NSE Nifty was seen back above the 16,000-mark after almost a month. In the broader markets, the BSE Midcap gained 0.8 percent while the SmallCap index jumped 1.2 percent. The overall breadth too was pretty optimistic with nearly three advancing stocks for every declining share. Among stocks, Marksans Pharma surged over 11 percent after the company said it would consider a share buyback. MMTC also soared 7 percent. The company has completed the sale of Neelachal Ispat Nigam to Tata Steel Long.

Closing Bell: Sensex gains 300 points, Nifty at 15835.35

Closing Bell: Sensex gains 300 points, Nifty at 15835.35
Monday, July 4, 2022
At close, the Sensex was up 326.84 points or 0.62% at 53,234.77, and the Nifty was up 83.40 points or 0.53% at 15,835.40.ITC was the top gaining stock on Sensex, followed by IndusInd Bank, ICICI Bank, HUL, and Powergrid. Tata Steel was the top laggard, accompanied by M&M, Cipla, JSW Steel, and TCS. About 1976 shares have advanced, 1330 shares declined, and 171 are unchanged. The BSE MidCap and SmallCap indices gained 0.8 percent and 0.6 percent in the broader markets, respectively. Among sectors, the Nifty FMCG advanced 2.6 percent, bank and capital goods indices rose 1 percent, while the Nifty Metal slipped over 1 percent. India VIX was up 1% just shy of 22 levels.

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

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

Closing Bell: Sensex down 111 points, Nifty at 15752.05

Closing Bell: Sensex down 111 points, Nifty at 15752.05
Friday, July 1, 2022
At close, the Sensex was down 111.01 points or 0.21% at 52907.93, and the Nifty was down 28.30 points or 0.18% at 15752. Benchmark indices staged a smart recovery in the dying hours of trade and even turned positive just a few minutes before closing in the red.ONGC, Reliance Industries Power Grid Corporation, Bajaj Auto, and Bharti Airtel were among the top Nifty losers. ITC, Bajaj Finance, Bajaj Finserv, Britannia Industries, and Cipla were among the gainers on the index. About 1708 shares have advanced, 1503 shares declined, and 144 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices fell 0.07 percent and 0.46 percent, respectively. Among sectors, the BSE Oil and Gas Index dropped 3.5 percent, and Realty and FMCG indices were up 1-2 percent. Bank Nifty gained 0.34% while India VIX was down 2.7% but still above 21 levels.

MARKET UPDATE: Indian equity markets are likely to open lower

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

Closing Bell: Sensex eends flat down 8.03 points, Nifty at 15780.25

Closing Bell: Sensex eends flat down 8.03 points, Nifty at 15780.25
Thursday, June 30, 2022
At close, the Sensex was down 8.03 points or 0.02% at 53018.94, and the Nifty was down 18.80 points or 0.12% at 15780.30, amid weakness in US stock futures and European markets. Tech Mahindra, IndusInd Bank, Bajaj Finance, Tata Steel, Bajaj Finserv, HCL Tech, M&M, and HDFC were among the top index draggers. On the flip side, Axis Bank, State Bank of India (SBI), Kotak Mahindra Bank, NTPC, ICICI Bank, Reliance Industries Ltd, and L&T were among the top BSE Sensex gainers. About 1336 shares have advanced, 1857 shares declined, and 138 shares are unchanged. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 percent, respectively. Sectorally, Nifty Banks and financials were the sole outperformers, ending around 0.5 percent up. On the flip side, metals led losses closing 2 percent down. Other top drags were auto, IT, realty, and PSBs, which cracked a percent each.

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

Route Mobile shares fall as board approves buyback

Route Mobile shares fall as board approves buyback
Wednesday, June 29, 2022
Shares of Route Mobile dipped 7 percent to Rs 1,236.65 on the BSE in Wednesday's trade, falling 10 percent in two trading days, after the board approved share buyback via Open Market. Route Mobile's board has approved the buyback by the company of its fully paid-up equity shares at a price not exceeding ₹1,700 per equity share (Maximum Buyback Price) and for an aggregate amount not exceeding ₹120 crores (maximum buyback size), from the shareholders of the company, excluding promoters, promoter group and persons who are in control of the company payable in cash via the 'Open Market' route through the stock exchanges mechanism," Route Mobile said in an exchange filing. The maximum number of shares bought back would be 705,882 which is 1.12% of the total number of paid-up shares of the company. The maximum buyback size represents 9.95 and 7.31 percent of the total paid-up equity share capital and free reserves of the company, respectively. Read more

Closing Bell: Sensex down 150 points, Nifty at 15799.10

Closing Bell: Sensex down 150 points, Nifty at 15799.10
Wednesday, June 29, 2022
At Close, Benchmark indices ended in the red on June 29 snapped a 4-day winning streak and closed 150 points down or 0.28% at 53026.97, and Nifty was down 0.32% or 51.1 points at 15799.1. HDFC Life, HUL, Apollo Hospitals, Axis Bank, Tata Consumer Products, Bajaj Finserv, and UPL were the major draggers, down up to 4.5 percent. Reliance Industries, Bharti Airtel, ITC, and NTPC were the major gainers in the Sensex pack. In the broader markets, the BSE SmallCap index settled a wee bit in the red, while the BSE MidCap index fell 0.7 percent. Sectorally, most of the indices closed with losses barring the Nifty Oil and Gas index (up 0.9 percent). The Nifty IT, Bank, and FMCG indices dropped over 1 percent each. Among sectors selling was seen in the bank, IT, and FMCG names.

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

Closing Bell: Sensex ends flat up 16 points, Nifty at 15850.20

Closing Bell: Sensex ends flat up 16 points, Nifty at 15850.20
Tuesday, June 28, 2022
At close, the Sensex was up 16.17 points or 0.03% at 53,177.45, and the Nifty was up 18.20 points or 0.11% at 15,850.20. as the benchmark indices whipsawed wildly in the intra-day trade before ending flat with a positive bias. Mahindra & Mahindra was the top Sensex gainer, up 2.84% on the closing bell. Reliance Industries, Tata Steel, and Dr Reddy’s were other top gainers. Titan was the top laggard, down 3.39%, followed by Asian Paints, and Bajaj Finserv. About 1737 shares have advanced, 1460 shares declined, and 139 are unchanged. The Nifty MidCap added 0.3 percent, but the Nifty SmallCap fell by an equal percentage. Among major sectoral indices, the Nifty Metal index advanced around 2 percent, while the Nifty Private Bank index dropped 0.8 percent.

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.

Closing Bell: Sensex gains 433 points, Nifty at 15832.05

Closing Bell: Sensex gains 433 points, Nifty at 15832.05
Monday, June 27, 2022
At close, the Sensex was up 433.30 points or 0.82% at 53,161.28, and the Nifty was up 132.70 points or 0.85% at 15,832, rallied for a third straight day, as prospects of a slowing economic growth fanned hopes that global central banks may go slow on interest rate hikes. Larsen & Toubro was the top Sensex gainer, up 2.99%, followed by HCL Technologies, Infosys, Coal India, and Tech Mahindra. Kotak Mahindra bank dropped 0.45% as the worst Sensex stock, accompanied by Reliance Industries and Titan. About 2311 shares have advanced, 1030 shares declined, and 140 are unchanged. The Nifty MidCap and SmallCap indices gained 1 percent and 2 percent in the broader markets, respectively. Sectorally, the broad-based rally saw the Nifty Auto index ending with a 2-per cent gain and the Nifty Metal index with a 1.6-per cent rally. All the sectoral indices closed with green. India VIX regained 21 levels.

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.

Closing Bell: Sensex jump 462 points, Nifty at 15699.25

Closing Bell: Sensex jump 462 points, Nifty at 15699.25
Friday, June 24, 2022
At close, the Sensex was up 462.26 points or 0.88% at 52,727.98, and the Nifty was up 142.60 points or 0.92% at 15,699.30. M&M, Hero MotoCorp, IndusInd Bank, Bajaj Finance, and HUL were among the top Nifty gainers. The losers were Tech Mahindra, Infosys, TCS, HCL Technologies, and Coal India. About 2332 shares have advanced, 899 shares declined, and 133 are unchanged. In the broader market, the Nifty MidCap and SmallCap indices advanced 1.4 percent and 1.76 percent, respectively. Among sectors, auto, oil & gas, power, bank, metal, and FMCG indices were up 1 percent each, while selling was seen in the IT names. Meanwhile, the Indian rupee ended marginally lower at 78.34 per dollar on Friday versus the previous closing of 78.31 against the greenback.

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

Closing Bell:Sensex gains 443 points, Nifty at 15556.65

Closing Bell:Sensex gains 443 points, Nifty at 15556.65
Thursday, June 23, 2022
At close, the Sensex was up 443.19 points or 0.86% at 52,265.72, and the Nifty was up 143.40 points or 0.93% at 15,556.70. Maruti Suzuki, Eicher Motors, Hero MotoCorp, Bajaj Auto, M&M, and Tata Motors were the top Nifty gainers, advancing between 3.5 percent and 6.7 percent. On the downside, Coal India, Reliance Industries, Power Grid, Grasim, and NTPC fell over 0.5 percent to 1.5 percent. About 2037 shares have advanced, 1188 shares declined, and 123 are unchanged. In the broader markets, the BSE MidCap and SmallCap indices outrun the frontline indices, rising up to 1.4%. The Nifty Auto index was the only notable gainer, closing nearly 4 percent higher. Other indices added up to 2 percent, except the Nifty PSB index which closed 0.25 percent down.

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

Closing Bell: Sensex down 709 points, Nifty at 15413.30

Closing Bell: Sensex down 709 points, Nifty at 15413.30
Wednesday, June 22, 2022
Stock markets were back on the downtrend after a two-day hiatus, as a lack of triggers erased momentum. At Close, the Sensex was down 709.54 points or 1.35% at 51,822.53, and the Nifty was down 225.50 points or 1.44% at 15,413.30, amid weak global cues. Hindalco Industries, UPL, Tata Steel, JSW Steel, and Wipro were among the top Nifty losers. The gainers were BPCL, Hero MotoCorp, TCS, Maruti Suzuki, and Power Grid Corporation. About 1218 shares have advanced, 2025 shares declined, and 105 shares are unchanged. In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 percent. On the sectoral front, all the key indices closed in the red with the Nifty Metal index down 5 per cent, and Nifty Oil & Gas index 2 per cent.

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

Closing Bell: Sensgains 934 points, Nifty at 15638.80

Closing Bell: Sensgains 934 points, Nifty at 15638.80
Tuesday, June 21, 2022
At close, the Sensex was up 934.23 points or 1.81% at 52,532.07, and the Nifty was up 288.60 points or 1.88% at 15,638.80. as Global equities climbed for a second consecutive day on Tuesday, taking solace in US Treasury Secretary Janet Yellen's comments that a recession in the United States is not "inevitable". Titan, Hindalco, JSW Steel, Coal India, Adani Ports, Tata Motors, SBI, ONGC, TCS, Eicher Motors, Dr Reddy’s Labs, Tata Steel, HCL Tech, Infosys, and Wipro gained in the range of 2.5% to 6%. Only Nestle India and Apollo Hospitals declined up to 0.1 percent on the Nifty50 index. About 2428 shares have advanced, 819 shares declined, and 125 shares are unchanged. All the sectoral indices ended in the green with IT, metal, oil & gas, power, realty, and PSU Bank up 3-6 percent. In the broader market, the BSE MidCap index added 2.4 percent, while the BSE SmallCap index edged 3 percent higher.

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

Closing Bell: Sensex gains 237 points, Nifty at 15350.15

Closing Bell: Sensex gains 237 points, Nifty at 15350.15
Monday, June 20, 2022
The Sensex was up 237.42 points or 0.46% at 51,597.84. The Nifty was up 56.70 points or 0.37% at 15,350.20 after fluctuating between losses and gains, indices managed to end on a positive note in the highly volatile session. HUL, HDFC, Apollo Hospitals, Asian Paints, and UltraTech Cement were among the top Nifty gainers. At the same time, the losers were ONGC, Tata Steel, UPL, Hindalco Industries, and Coal India. About 673 shares have advanced, 2663 shares declined, and 156 shares are unchanged. Sectorally, the Nifty Metal, and Oil and Gas indices sunk over 3 percent each, while the PSB index dropped over 2 percent. On the higher side, the Nifty FMCG index added around 2 percent. BSE midcap index shed 1.4 percent and smallcap index fell 3 percent.

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

Closing Bell: Sensex down 135 points, Nifty at 15293.50

Closing Bell: Sensex down 135 points, Nifty at 15293.50
Friday, June 17, 2022
At close, the Sensex was down 135.37 points or 0.26% at 51,360.42, and the Nifty was down 67.10 points or 0.44% at 15,293.50, as investors remained worried about the global growth outlook. Bajaj Finance was the top S&P BSE Sensex gainer, up 3 percent. It was followed by Bajaj Finserv, Reliance Industries Ltd (RIL), ICICI Bank, HDFC Bank, ITC, Tata Steel, State Bank of India, and Kotak Mahindra Bank, among others. About 1082 shares have advanced, 2162 shares declined, and 95 shares are unchanged. Nifty Auto was down 1.2 percent, Nifty FMCG fell 1 percent, Nifty IT lost 1.5 percent, and Nifty Pharma 2.2 percent. While Nifty Bank was up 0.4 percent. In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks and slipped up to 0.9 percent.

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

Closing Bell: Sensex crashes 1046 points, Nifty at 15360.60

Closing Bell: Sensex crashes 1046 points, Nifty at 15360.60
Thursday, June 16, 2022
At close, the Sensex was down 1,045.60 points or 1.99% at 51,495.79, and the Nifty was down 331.60 points or 2.11% at 15,360.60, as investors read through the fine print of the US Federal Reserve's policy statement. Reliance Industries was the top Sensex gainer, followed by Maruti Suzuki India, and ICICI Bank. Power Grid was the top laggard, accompanied by Bharti Airtel and Nestle India. About 607 shares have advanced, 2680 shares declined, and 97 shares are unchanged. Cyclical sectors were the worst hit amid fears of a global slowdown with the Nifty Metal index cracking 5 percent. The Nifty Realty, Auto, Bank, and IT indices fell over 2 percent each. In the broader markets, the BSE MidCap and SmallCap indices declined up to 2.87 percent.

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

Closing Bell: Sensex down 152 points, Nifty at 15692.15

Closing Bell: Sensex down 152 points, Nifty at 15692.15
Wednesday, June 15, 2022
At close, the Sensex was down 152.18 points or 0.29% at 52,541.39, and the Nifty was down 39.90 points or 0.25% at 15,692.20, as investors booked profit ahead of the US Federal Reserve's interest rate decision, due later tonight. Bajaj Finserv was up 4.24% as the best performing Sensex stock, followed by Bajaj Finance, Tata Steel, and L&T. In the red were NTPC, Infosys, Reliance Industries, and HUL. About 1730 shares have advanced, 1484 shares declined, and 143 shares are unchanged. The BSE MidCap and SmallCap indices added around 0.5 percent each. Sectorally, the Nifty Auto index, capital goods, and pharma gained the most and closed nearly a percent higher, while the Nifty Metal fell 0.7 percent, While selling is seen in the power, IT, oil & gas, realty, and FMCG. India VIX ended in the red

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

Closing Bell: Sensex down 153 points, Nifty at 15732.10

Closing Bell: Sensex down 153 points, Nifty at 15732.10
Tuesday, June 14, 2022
At close, the Sensex was down 153.13 points or 0.29% at 52,693.57, and the Nifty was down 42.30 points or 0.27% at 15,732.10, as investors anticipated aggressive rate hikes by central banks, including the US Federal Reserve, to tame multi-year high inflation. Bajaj Auto was the worst-performing Sensex stock, falling 4.71%, followed by IndusInd Bank, Tech Mahindra, and Reliance Industries. Up with gains were NTPC, Ultratech Cement, Bharti Airtel, and M&M. About 1506 shares have advanced, 1730 shares declined, and 132 shares are unchanged. IT, metals, and pharma stocks ended higher in the range of 0.15 percent to 0.9 percent on the NSE. In the broader markets, the Nifty SmallCap index fell 0.23 percent, while the Nifty midcap index shed 0.14 percent. While India's VIX fell 2.15% and gave up 22 levels.

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

Closing Bell: Sensex crashes 1456 points, Nifty at 15774.40

Closing Bell: Sensex crashes 1456 points, Nifty at 15774.40
Monday, June 13, 2022
At Close, the Sensex was down 1,457 points or 2.68% at 52,846.70, and the Nifty was down 427.40 points or 2.64% at 15,774.40, as investors across the world shunned risky assets. The havoc comes after May's US inflation print, at a 40-year high of 8.6 percent, reignited fears that central banks will be forced into aggressive monetary policy tightening. Nestle India was the only Nifty company that ended 0.5% higher. The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS. In the broader markets, the Nifty MidCap 100 and SmallCap 100 declined 2.9 percent and 3.8 percent, respectively. Sectorally, all the indices sunk on the NSE with the Nifty IT and Media indices sliding 4 percent each, and the Nifty Bank tanking over 3 percent

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.

Clcosing Bell: Sensex tanks 1017 points, Nifty at 16201.80

Clcosing Bell: Sensex tanks 1017 points, Nifty at 16201.80
Friday, June 10, 2022
At Close, Sensex is down 1,017 points or 1.84 percent, closed at 54303.44, and Nifty is down 276 points or 1.68 percent and closed at 16201.80, as investors fretted over longer-than-expected sticky inflation, coupled with aggressive monetary policy tightening. Kotak Mahindra Bank, Bajaj Finance, Housing Development Finance Corporation (HDFC), Reliance Industries Ltd (RIL), Wipro, Infosys, and Tech Mahindra were among the top BSE Sensex losers. On the flip side, Asian Paints, UltraTech Cement, Dr. Reddy’s Laboratories, Titan Company, IndusInd Bank, and Nestle India were among BSE Sensex gainers. On the sectoral front, the Nifty Bank index lost 1.7 percent to settle at 34,484. Sectorally, all but Nifty FMCG ended the session in the red. The losses were led by the Nifty IT, Oil & Gas, Private Bank, and Financial Services indices as they fell 2 percent each. India VIX, the volatility index, was up 2.3 percent to finish at 19.6 levels.

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

Closing Bell: Sensex gains 428 points, Nifty at 16478.10

Closing Bell: Sensex gains 428 points, Nifty at 16478.10
Thursday, June 9, 2022
At Close, Sensex gained 428 points or 0.78 percent and closed at 55320.28 Nifty up 122 points or 0.74 percent, and closed at 16478.10, as hefty buying emerged in energy, pharma, FMCG, and IT shares. On Sensex, Reliance Industries was the top gainer, up 2.6%, followed by Dr. Reddy’s, Bajaj Auto, and Bharti Airtel. Tata Steel fell 3.84% to end as the worst-performing Sensex stock, accompanied by Ultratech Cement, and NTPC.In the broader markets, the Nifty MidCap and SmallCap indices added up to 0.5 percent. India VIX, the volatility gauge, closed 3.53% lower, just above 19 levels. Bank Nifty was up with gains, IT stocks, private banks, and pharma stocks shine

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.

Closing Bell: Sensex down 215 points, Nifty at 16356.25

Closing Bell: Sensex down 215 points, Nifty at 16356.25
Wednesday, June 8, 2022
At Close, Sensex is down 215 points or 0.39 percent lower at 54,892.49, and Nifty was down 60 points and ended at 16,356.25. The markets exhibited a high amount of volatility as the RBI hiked the repo rate hike by 50 basis points. Tata Steel, State Bank of India (SBI), Dr. Reddy’s Laboratories, TCS, Titan Company, Bajaj Finance, and Maruti Suzuki were top index gainers. On the contrary, Bharti Airtel was the top drag, followed by ITC, Reliance Industries Ltd (RIL), Asian Paints, Axis Bank, and ICICI Bank among others. Among the broader market, the BSE Midcap and the Smallcap indices also ended with minor losses. The BSE Telecom index shed 1.6 percent. The Energy and FMCG indices were down a percent each. On the positive front, the BSE Realty index surged nearly 2 percent. Nifty Bank fell 0.14 percent to settle at 34,946.15

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.

Closing Bell: Sensex down 568 points, Nifty at 16416.35

Closing Bell: Sensex down 568 points, Nifty at 16416.35
Tuesday, June 7, 2022
At Close, the Sensex was down 567.98 points or 1.02% at 55107.34and the Nifty was down 153.20 points or 0.92% at 16416.30. as investors booked profit in equities a day ahead of the RBI's monetary policy outcome. Only Reliance Industries Ltd (RIL), and Axis Bank were trading in the green. Top index losers were Titan Company, Asian Paints, Hindustan Unilever Ltd (HUL), Sun Pharma, Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Mahindra & Mahindra (M&M). Consumer durables, realty, IT, and financials were the worst hit. Except for the Nifty PSU Bank and Nifty Oil & Gas indices, all the sectoral indices were ruling negatively. Nifty Bank index fell 0.7 percent to 35,056.65. The BSE MidCap and SmallCap indices dropped up to 0.88 percent in the broader market.

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.

Closing Bell: Sensex down 380 points, Nifty at 16569.55

Closing Bell: Sensex down 380 points, Nifty at 16569.55
Monday, June 6, 2022
At Close, Sensex recouped 379 points from the day's low and ended 94 points or 0.2 percent down at 55,675, while NSE Nifty 50 index finished trade at 16569.55, down 0.1 percent. Tata Steel was the top gainer, followed by IndusInd Bank, Mahindra & Mahindra, ITC, Kotak Mahindra Bank, Infosys, and ICICI Bank among others. On the contrary, Asian Paints, UltraTech Cement, Bajaj Finserv, Nestle India, Hindustan Unilever, and Sun Pharma were top draggers. In the broader market, the BSE MidCap index dipped 0.15 percent, while the BSE SmallCap shed 0.54 percent. India VIX rose 1.13 percent to 20.20 levels. Realty and capital goods, FMCG, and IT stocks are top losers. Metals, private banks, and auto players are the gainers.

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.

Closing Bell: Sensex down 49 points, Nifty at 16584.30

Closing Bell: Sensex down 49 points, Nifty at 16584.30
Friday, June 3, 2022
At Close, the Sensex index fell 664 points from the day's high to close at 55,769, down 49 points or 0.09 percent. and the Nifty50 shed 44 points to 16,584, amid the volatile session and selling pressure. Reliance Industries (RIL) was the top gainer, followed by Infosys, L&T, HCL Technologies, and Sun Pharma. The top laggards were Ramco Cement, ACC, Nuvoco Vistas, and Grasim. About two shares declined for every share rising on the NSE. The Nifty Auto index was the worst hit as it shed around 1.8 percent, while the Nifty Bank, Metal, PSU/Private Banks, and Realty indices fell up to 1 percent each. The Nifty IT index was the only gainer, up 0.45 percent. The BSE MidCap and SmallCap indices fell 1.45 percent and 1.16 percent.

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.

Closing bell:Sensex closed at 54,252.5, up 503 points while Nifty advanced 144 points to close at 16,170

Closing bell:Sensex closed at 54,252.5, up 503 points while Nifty advanced 144 points to close at 16,170
Thursday, May 26, 2022
The S&P BSE Sensex traded in a broad range of 921 points today ( 26 May 2022) as it hit a high and low of 54,346 and 53,425, respectively. By the close, the index stood at 54,252.5, up 503 points or 0.9 percent against its previous close. The Nifty50 index, meanwhile, advanced 144 points or 0.9 percent to close at 16,170. It gyrated within a range of 16,203 and 15,903 levels. The broader BSE MidCap and SmallCap indices outrun the benchmarks today as they rose up to 1.4 percent. Tata Steel and JSW Steel were the top large-cap frontrunners today, rallying 7 percent and 5 percent, respectively, after two straight days of bear hammering. Apollo Hospitals, SBI, Hindalco, Axis Bank, HDFC Bank, and HDFC were the other gainers on the Nifty50 index, rising over 2 percent each. Read more

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

CLOSING BELL:Sensex erased early morning gains and closed 303 points down at 53,749 while Nifty shut shop at 16,026, falling 99 points

CLOSING BELL:Sensex erased early morning gains and closed 303 points down at 53,749 while Nifty shut shop at 16,026, falling 99 points
Wednesday, May 25, 2022
The S&P BSE Sensex erased early morning gains and closed 303 points, or 0.56 percent, lower at 53,749 today(25 May 2022), putting an end to an extremely volatile session. The index swung 695 points during the day. On the NSE, the Nifty50 shut shop at 16,026, falling 99 points or 0.62 percent. The benchmarks were dragged by selling pressure in IT, Pharma, PSU Banks, Metals, and Consumption-related stocks. For instance, Asian Paints, Adani Ports, Divis Labs, UPL, Tech M, Wipro, TCS, Apollo Hospitals, JSWS Steel, Infosys, Tata Motors, and M&M fell between 2 percent and 8 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.

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

CLOSING BELL: Sensex fell 642 points from the day's high and ended at 54,289, down 38 points and Nifty closed at 16,215, down 51.5 points
Monday, May 23, 2022
Indian Equity markets turned sharply lower at the fag-end of the session, erasing gains and ending flat with a negative bias on Monday amid selling in index heavyweights like Tata Steel, HDFC twins, Reliance Industries, and ITC. The BSE Sensex index, which hit a high of 54,931 on the BSE, fell 642 points from the day's high and ended at 54,289, down 38 points or 0.07 percent. The NSE Nifty50, on the other hand, closed at 16,215, down 51.5 points or 0.3 percent. The index hit a high of 16,415 earlier today. Read more

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.

ITC rallies 5% in weak market on strong Q4 results

ITC rallies 5% in weak market on strong Q4 results
Thursday, May 19, 2022
Shares of ITC hit an over three-year high of Rs 279.15, surging 5 percent on the BSE in a weak market after the company reported strong results with around 9 percent cigarette volume growth in the March quarter (Q4FY22). FMCG-cigarette-to-hotel major ITC on Wednesday reported a year-on-year consolidated net profit of Rs 4,196 crore, up 11.7 percent in the quarter ended 31 March 2022. The company had posted a net profit of Rs 3,755.47 crore in the year-ago period. The revenue from operations for the period came at Rs 17,754.02 crore, up 15 percent in the March quarter. The company had posted a revenue of Rs 15404.37 crore in the corresponding period. Its consolidated total income stood at Rs 18,252.64 crore as against Rs 10944.64 crore in the year-ago quarter, it added. Read more

Closing Bell: Sensex tanks 1416 points, Nifty at 15809.40

Closing Bell: Sensex tanks 1416 points, Nifty at 15809.40
Thursday, May 19, 2022
At close, the Sensex was down 1,416.30 points or 2.61% at 52,792.23, and the Nifty was down 430.90 points or 2.65% at 15,809.40, ending lower for the second consecutive session on May 19 tacking a sharp global selloff since June 2020. HCL Technologies, Reliance Industries (RIL), Infosys, and Tata Consultancy Services (TCS) were the top Sensex losers. On the flip side, ITC and Dr.Reddy’s Laboratories settled in the positive territory, About 838 shares have advanced, 2413 shares declined, and 122 shares are unchanged. The BSE MidCap index declined 2.6 percent while the BSE SmallCap index fell 2.3 percent. Sectorally, all the indices drowned in losses with metal falling 4 percent. The Nifty IT index plunged 6 percent on the NSE today after global brokerage JPMorgan downgraded the sector to "underweight".

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

Closing Bell: Sensex ends low @ 54208.53, Nifty @ 16240.30

Closing Bell: Sensex ends low @ 54208.53, Nifty @ 16240.30
Wednesday, May 18, 2022
At close, the Sensex was down 109.94 points or 0.20% at 54,208.53, and the Nifty was down 19 points or 0.12% at 16,240.30, as equity markets turned volatile during the afternoon session, and ultimately ended lower on Wednesday. Tata Consumer Products, Shree Cements, UltraTech Cement, Cipla, and HUL were among the top Nifty gainers. However, the losers were Power Grid Corporation, BPCL, Apollo Hospitals, Tata Motors, and Tech Mahindra. About 1865 shares have advanced, 1409 shares declined, and 108 shares are unchanged. The BSE MidCap index dipped 0.13 percent while the BSE SmallCap index added 0.33 percent. Sectorally, the Nifty Realty and PSU Bank indices were the worst hit as they slipped 1.75 percent and 1.6 percent on the NSE. Nifty Bank index fell 0.4 percent, Nifty IT was down 0.5 percent, and Nifty PSU Bank tanked 1.6 percent On the flip side, defensive sectors FMCG and Pharma rose over 1 percent each. India VIX, the volatility index, settled 2 percent down at the 22.30 level.

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

Closing Bell: Sensex gains 1344 points, nifty at 16259.30

Closing Bell: Sensex gains 1344 points, nifty at 16259.30
Tuesday, May 17, 2022
At close, the Sensex was up 1,344.63 points or 2.54% at 54,318.47, and the Nifty was up 417 points or 2.63% at 16,259.30, as investors indulged in broad-based buying.ICICI Bank, Reliance Industries Ltd (RIL) ITC, Infosys, Tata Steel, and L&T contributed the most to the indices’ gain. On the S&P BSE Sensex, just three stocks — Mahindra & Mahindra (M&M), Power Grid Corporation of India, and HDFC Bank — were trading in the red. About 2575 shares have advanced, 693 shares declined, and 112 shares are unchanged. The Nifty Metal index gained nearly 7 percent as China -- the biggest consumer of industrial products -- eased Covid-19 related restrictions. All l other sectoral indices are up between 1-3 percent. The BSE MidCap and Smallcap indices rose in tandem and added 2.5 percent and 2.8 percent, respectively.

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

Closing Bell: Sensex gains 180 points, Nifty at 15842.30

Closing Bell: Sensex gains 180 points, Nifty at 15842.30
Monday, May 16, 2022
At Close, the Sensex was up 180.22 points or 0.34% at 52,973.84, and the Nifty was up 60.10 points or 0.38% at 15,842.30 as global markets supported the trading sentiment.NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index. On the downside, the top laggards were Ultratech Cement, Asian Paints, ITC, TCS, HCL Tech, Nestle, and Dr Reddy's Labs. About 2180 shares have advanced, 1138 shares declined, and 172 unchanged. The BSE MidCap and SmallCap indices outperformed the benchmarks by adding 1.5 percent and 1.15 percent, respectively. Sectorally, the Nifty PSU Bank index was the top gainer, up 3 percent, and capital goods, auto, realty, and power gained 1 percent each. while the Nifty IT index was the worst hit, down 0.75 percent.

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

Closing Bell: Sensex ends 137 points low, Nifty at 15782.15

Closing Bell: Sensex ends 137 points low, Nifty at 15782.15
Friday, May 13, 2022
At close, the Sensex was down 136.69 points or 0.26% at 52,793.62, and the Nifty was down 25.80 points or 0.16% at 15,782.20 for the sixth straight day despite an upbeat global mood., as the investors booked profit in banks and metal stocks.SBI was the biggest laggard on the index, down nearly 5 percent, as the lender's Q4 missed Street's estimates.NTPC, ICICI Bank, Axis Bank, Maruti Suzuki, Airtel, HDFC twins, and Bajaj twins were the other draggers. Gainers included Tata Motors, Sun Pharma, M&M, ITC, and HUL. The BSE SmallCap index added over 1.3 percent and the BSE MidCap index gained 0.6 percent. Sectorally, the Nifty Metal index fell 2 percent, followed by the Nifty Bank index (down over 1 percent). On the upside, the Nifty Auto index gained 2.5 percent

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

Asian and emerging markets entering the late stages of a bear market

Asian and emerging markets entering the late stages of a bear market
Thursday, May 12, 2022
Asian and emerging markets are entering the late stages of a bear market, said some analysts in their outlook note yesterday(12 May 2022). The near-term risks, the note said, are known, but potent. Typically, a market is said to be in a bear phase when the frontline stock indices drop 20 percent or more from their recent high. Read more

Closing Bell: Sensex down for 5th day closes @ 52930.31, Nifty at 15808.00

Closing Bell: Sensex down for 5th day closes @ 52930.31, Nifty at 15808.00
Thursday, May 12, 2022
At close, the Sensex was down 1,158.08 points or 2.14% at 52,930.31, and the Nifty was down 359.10 points or 2.22% at 15, 808 as a result of Inflationary and interest rate hike headwinds, that have emerged as a fallout of the Ukraine-Russia war and easy monetary policy, are biting into equity returns. HCL Technologies was the only Sensex stock to have closed with gains, up 0.08%. IndusInd Bank was the worst performer, down 5.7%, followed by Tata Steel, Bajaj Finance, and Bajaj Finserv. About 747 shares have advanced, 2542 shares declined, and 84 shares are unchanged. The BSE MidCap index fell 2.2 percent and the BSE SmallCap index shed 1.9 percent. Sectorally, all the key indices closed in the negative zone with the Nifty PSU Bank index seeing the worst knock, down over 5 percent.India VIX was up 6.45% on the closing bell at 24.27

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

Delhivery IPO opens today. Should you invest or Not?

Delhivery IPO opens today. Should you invest or Not?
Wednesday, May 11, 2022
The Rs 5,235 crore IPO of India’s largest logistics service provider Delhivery will open for subscription today and close on Friday, May 13. The IPO is the second biggest for Dalal Street in the calendar year 2022 (CY22) after LIC. The IPO consists of a fresh issue of shares worth Rs 4,000 crore, and an offer-for-sale of Rs 1,235 crore. The price band of the issue is set at Rs 462-487 a share. Delhivery, which is the leading fully-integrated logistics services player in India by fiscal 2020-21 (FY21) revenue as per reports, has a diverse consumer base with 23,113 active customers. These are majorly e-commerce marketplaces, and direct-to-consumer e-tailers and enterprises. Read more

Closing Bell:Sensex down 276 points, Nifty at 16167.10

Closing Bell:Sensex down 276 points, Nifty at 16167.10
Wednesday, May 11, 2022
At Close, the Sensex was down 276.46 points or 0.51% at 54,088.39, and the Nifty was down 72.90 points or 0.45% at 16167.10 as global cues remained subdued ahead of critical macroeconomic data. Axis Bank was the top gainer on Sensex, up 2.5% while IndusInd Bank gained 1.67%, followed by HDFC, and Kotak Mahindra Bank. Larsen & Toubro was down 2% as the worst-performing Sensex stock, accompanied by Bajaj Finserve, NTPC, and Bajaj Finance. About 787 shares have advanced, 2531 shares declined, and 116 are unchanged. The BSE Midcap index was down 0.3 percent, and the Smallcap index slipped 2.2 percent. Among sectors, bank and realty indices were up 0.5 percent each, while IT, auto, FMCG, pharma, power, and capital goods indices shed 0.5-1 percent.

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

Closing Bell: Sensex down 106 points, Nifty at 16240.05

Closing Bell: Sensex down 106 points, Nifty at 16240.05
Tuesday, May 10, 2022
At close, the Sensex was down 105.82 points or 0.19% at 54,364.85, and the Nifty was down 61. Tata Steel was the worst-performing Sensex stock on Tuesday, tanking 7.22%, followed by Sun Pharma and NTPC. Hindustan Unilever was the top gainer, up 3%. Asian Paints, IndusInd Bank, and Ultratech Cement were some of the other gainers.About 848 shares have advanced, 2428 shares declined, and 132 shares are unchanged. The BSE Midcap and Smallcap indices were down over 2 percent each. Sectorally, the BSE Metal index slumped 5.6 percent. The Power index tumbled over 4 percent. The Power, Energy, and Realty indices were down 2-3 percent each.India's VIX remained above 22 levels.

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 ended 364 points lower at 54,471 while Nifty was down 109 points at 16,302

Closing bell:Sensex ended 364 points lower at 54,471 while Nifty was down 109 points at 16,302
Monday, May 9, 2022
The Indian key benchmark indices ended off the today's(9 May 2022) low led by renewed buying interest in select IT and financial shares. Earlier in the day, the indices fell sharply tracking weak cues from the overseas markets. The S&P BSE Sensex tumbled to a low of 53,918 in the opening trades dragged by index heavyweight Reliance Industries and FMCG majors. The BSE index recouped partly and ended 364 points lower at 54,471. The NSE Nifty was down 109 points at 16,302. Read more

MARKET UPDATE: Sensex down 600 points to 54,220, while Nifty shed 170 points to 16,237

MARKET UPDATE: Sensex down 600 points to 54,220, while Nifty shed 170 points to 16,237
Monday, May 9, 2022
The Indian key benchmark indices were subdued in early deals on weak cues today(9 May 2022), although they came off lows as IT shares saw some recovery. The BSE Sensex was down 600 points to 54,220, while the NSE Nifty shed 170 points to 16,237. The broader markets underperformed the benchmarks with the BSE MidCap and SmallCap indices down up to 1.6 percent. India VIX rose 4.5 percent to cross 22 levels. 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

Indian equities-buy only on a dip: Chris Wood

Indian equities-buy only on a dip: Chris Wood
Friday, May 6, 2022
Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear suggested that India remains Asia's best long-term structural story in terms of equities and investors should buy their favourite stocks on a decline. However, given the macro headwinds – the need to tighten monetary policy combined with the continuing risk, if not probability, of a much higher oil price, are the key reasons Wood has been in no hurry to add to the 'overweight' position he has in Indian equities in his Asia ex-Japan portfolio. Read more

MARKET UPDATE: Sensex fell over 1,000 points to 54,668, while Nifty shed 316 points to 16,366

MARKET UPDATE: Sensex fell over 1,000 points to 54,668, while Nifty shed 316 points to 16,366
Friday, May 6, 2022
The domestic benchmark indices suffered deep losses today(6 May 2022) following the sharp losses in the US markets overnight and Asian stocks this morning. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty shed 316 points to 16,366. All frontline stocks were in the red. Among the Sensex-30 shares, Bajaj Twins, Maruti, Wipro, Ultratech Cement, HCL Tech, Axis Bank, Infosys, HUL, and Tata Steel were the top losers, down up to 3 percent. Read more

Asian equities witness large outflows for last four months

Asian equities witness large outflows for last four months
Thursday, May 5, 2022
Asian equities saw massive foreign capital outflows in April. This is mainly driven by the expectations of a hawkish policy by the U.S. Federal Reserve and concerns over the impact of China's lockdowns on regional growth. Overseas investors offloaded Asian equities worth $14.22 billion in their fourth straight month of net selling, Refinitiv data for stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, and Thailand showed. The region's combined net foreign selling from January to April stood at $45.76 billion, the most in the first four months since at least 2008. Read more

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

CLOSING BELL:Sensex at 55,702, up 33 points while Nifty closed at 16,683, up 5 points
Thursday, May 5, 2022
Indian equity indices pared their gains at the fag-end of the session and ended flat as US index futures indicated a subdued start on Wall Street later today. The S&P BSE Sensex declined 865 points from the day's high to end at 55,702, up 33 points or 0.06 percent on the BSE. The NSE Nifty50, meanwhile, shut shop at 16,683, up 5 points or 0.03 percent, after hitting a high of 16,946 earlier today. Tech M, Hero MotoCorp, Infosys, HCL Technologies, Wipro, and Tata Steel were the top Nifty gainers, rising 2-4 percent on the NSE. IndusInd Bank, Tata Consumer Products, Britannia Industries, Nestle India, Ultratech Cement, Sun Pharma, Eicher Motors, and RIL were the top laggards, down in the equivalent range. Read more

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

Closing Bell: Sensex ends flat at 56975.99, Nifty at 17069.10

Closing Bell: Sensex ends flat at 56975.99, Nifty at 17069.10
Monday, May 2, 2022
At close, the Sensex was down 84.88 points or 0.15% at 56,975.99, and the Nifty was down 33.40 points or 0.20% at 17,069.10 as domestic equities bounced back sharply off lows in the fag-end of the session and ended around the flat line on Monday. The reversal came as US Futures indicated a positive start on Wall Street later today.IndusInd Bank was the top gainer on the Sensex index today, NTPC, Tata Steel, HDFC, PowerGrid, and ITC were the other major gainers. On the downside. Titan Company slipped 3 percent, followed by Wipro, Tech M, Infosys, Maruti Suzuki, and Asian Paints. About 1201 shares have advanced, 2180 shares declined, and 175 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices closed 0.45 percent and 0.8 percent down, respectively. Sectorally, the Nifty Metal and Private Bank indices were the top gainers on the NSE (gaining 0.5 percent each), while the Nifty IT down 1.5 percent was the worst hit.

Closing Bell: Sensex down 460 points, Nifty at 17102.55

Closing Bell: Sensex down 460 points, Nifty at 17102.55
Friday, April 29, 2022
At close, the Sensex was down 460.19 points or 0.80% at 57,060.87, and the Nifty was down 142.50 points or 0.83% at 17,102.50., as investors booked profits at higher levels. Axis Bank was the top Sensex drag, tumbling 6.4 percent. It was followed by Wipro, Maruti Suzuki, Power Grid Corporation of India, State Bank of India (SBI), and Titan Company. On the flip side, Kotak Mahindra Bank, Sun Pharma, HDFC Bank, Tata Steel, Housing Development Finance Corporation (HDFC), and HUL were top index gainers. The MidCap and SmallCap indices slipped about 1 percent each. Sectorally, all the indices ended the day in the red zone, dragged by the Nifty Oil and Gas index, down 2.5 percent. Realty, PSU bank, power, and capital goods indices lost 1-2 percent. Bank Nifty fell nearly 1 percent to close at 36,088.

Closing Bell: Sensex falls 537 points, Nifty at 17038.40

Closing Bell: Sensex falls 537 points, Nifty at 17038.40
Wednesday, April 27, 2022
At close, the Sensex was down 537.22 points or 0.94% at 56,819.39, and the Nifty was down 162.40 points or 0.94% at 17,038.40 due to fears of a weak global growth outlook due to the Ukraine-Russia war, coupled with rising Covid-19 cases, equity markets headed lower while oil prices rose. Bajaj Finance, ICICI Bank, Infosys, Bajaj Finserv, and State Bank of India (SBI) contributed the most to the indices’ loss. while gainers were Hero MotoCorp, Tata Steel, Asian Paints, Bajaj Auto, and TCS. About 1146 shares have advanced, 2140 shares declined, and 107 shares are unchanged. The BSE MidCap and SmallCap indices closed up to 0.8 percent down. Sectorally, all the indices closed in the red zone, led by the Nifty Financial Services index down 1.45 percent, bank, oil & gas, power indices down a percent each. India VIX, the volatility index surged 7.4 percent to settle at 20.61 levels.

RIL becomes 1st Indian company to hit Rs 19-trillion m-cap

RIL becomes 1st Indian company to hit Rs 19-trillion m-cap
Wednesday, April 27, 2022
In the past seven trading days, the stock price of RIL has appreciated by 11 percent from a level of Rs 2,544 on April 18, 2022. In the past three months, the stock has rallied 20 percent, as compared to a 0.42 percent decline in the S&P BSE Sensex. Read more

MARKET UPDATE: Sensex down 400 points to 57,000, while Nifty shed 121 points to 17,070 levels

MARKET UPDATE: Sensex down 400 points to 57,000, while Nifty shed 121 points to 17,070 levels
Wednesday, April 27, 2022
The domestic benchmark indices were trading with cuts today( 27th April 2022) in tune with the global weakness. The BSE Sensex was down 400 points to 57,000, while the NSE Nifty shed 121 points to 17,070 levels. Among the Sensex-30 shares, Bajaj twins, Wipro, HUL, Infosys, Titan, Teh M, SBI, Axis Bank, meanwhile, were the top laggards, slipping up to 4 percent. Whereas, NTPC, Tata Steel, Sun Pharma, HDFC Life, Hindalco, and Adani Ports were the top benchmark gainers. In the broader markets, the BSE MidCap and SmallCap indices also opened in red down up to 0.24 percent. Read more

Closing Bell: Sensex gains 776 points, Nifty at 17200.80

Closing Bell: Sensex gains 776 points, Nifty at 17200.80
Tuesday, April 26, 2022
At close, the Sensex was up 776.72 points or 1.37% at 57,356.61, and the Nifty was up 246.80 points or 1.46% at 17,200.80 due to the relief rally in global markets helping the Indian equities snap their two-day losing streak. Adani Ports, Bajaj Auto, hero MotoCorp, Power Grid, M&M, Titan, Tata Consumer Products, IndusInd Bank, Reliance Industries, and Bajaj Finance were the top gainers in the Sensex pack, while losers are ONGC, Apollo Hospitals, Axis Bank, Maruti Suzuki, Hindalco, Wipro, Asian Paints, and TCS ended in the red, About 1886 shares have advanced, 1422 shares declined, and 108 shares are unchanged. The BSE MidCap index added 1.6 percent and the BSE SmallCap added 0.7 percent. Sectorally, all the indices ended in the green zone, led by the Nifty Realty and Auto indices, up 3.5 percent and 3 percent, respectively. India's VIX index fell 9.74% to close just above 19 levels.

MARKET UPDATE: Sensex rose 700 points to 57,260, while Nifty climbed 200 points to 17,150

MARKET UPDATE: Sensex rose 700 points to 57,260, while Nifty climbed 200 points to 17,150
Tuesday, April 26, 2022
The Indian benchmark indices extended their opening gains today(26 April 2022) as global markets reversed losses and oil prices continued retreat. The BSE Sensex rose 700 points to 57,260, while the NSE Nifty climbed 200 points to 17,150. All Sensex shares were in green, barring Asian Paints and Tech M. HUL, Maruti, IndusInd Bank, Bajaj Twins, M&M, Sun Pharma, Nestle, ITC and Axis Bank were the top gainers, rising up to 3 per cent. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, up to 1.4 per cent higher. Read more

Closing Bell: Sensex down 714 points, Nifty at 17171.95

Closing Bell: Sensex down 714 points, Nifty at 17171.95
Friday, April 22, 2022
At close, the Sensex was down 714.53 points or 1.23% at 57,197.15, and the Nifty was down 220.60 points or 1.27% at 17,172 as investors dumped stocks across the board. Mahindra & Mahindra was the top gainer on Sensex, up 0.84%, followed by Bharti Airtel, ITC, and HCL Technologies. State Bank of India was the worst-performing stock, falling 3.2%, accompanied by HUL, and IndusInd Bank. About 1447 shares have advanced, 1882 shares declined, and 115 shares are unchanged. While Bank, Financial Services, Pharma, and Metal indices were the worst hit down around 2 percent each, Auto, FMCG, and IT indices were the least hit sectors, down 0.6 percent each. The BSE MidCap index and Smallcap index slipped 0.7 percent and 0.4 percent, respectively. while India's VIX rose 2.8% to close above 18 levels.

Closing Bell: Sensex gains 874 points, Nifty at 17392.60

Closing Bell: Sensex gains 874 points, Nifty at 17392.60
Thursday, April 21, 2022
At Close, the Sensex was up 874.18 points or 1.53% at 57,911.68, and the Nifty was up 256.10 points or 1.49% at 17,392.60. Kotak Mahindra Bank, Maruti Suzuki India, and Bajaj Finserv were the top gainers. Nestle India fell the most on Sensex, followed by Tata Steel, Bharti Airtel, and Bajaj Auto. About 2252 shares have advanced, 1089 shares declined, and 96 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices rose in tandem with the frontline indices and added up to 1.3 percent. All the sectoral indices ended in the green with a bank, pharma, auto, IT, power, realty, and capital goods indices up 1-2 percent. India's VIX index fell 4.4% and gave up 18 levels.

MARKET UPDATE:Sensex up 500 points at 57,010, and Nifty past 17,100 level

MARKET UPDATE:Sensex up 500 points at 57,010, and Nifty past 17,100 level
Wednesday, April 20, 2022
Today (20 April 2022) bulls made a comeback after a five-day losing run as heavyweight Reliance and IT stocks drove Sensex higher. In early deals, the Sensex was up 500 points at 57,010, and the NSE Nifty was past the 17,100 level. Reliance, Maruti, TCS, HDFC, Wipro, M&M, NTPC, Titan, Dr. Reddy's, Bharti Airtel, Tech M, Infosys, and Nestle were the top winners on the Sensex, up 1-3 percent. On the downside, Kotak Bank, PowerGrid, L&T, IndusInd Bank, Bajaj Finance, Axis Bank, NTPC, Tata Steel, Apollo Hospitals, HDFC Life, and ONGC were the top losers on the two indices. Read more

MARKET UPDATE:Market volatile;Sensex opened 250 points up at 57,421, while Nifty climbed 100 points to 17,270

MARKET UPDATE:Market volatile;Sensex opened 250 points up at 57,421, while Nifty climbed 100 points to 17,270
Tuesday, April 19, 2022
The Indian benchmark indices started today's(19 April 2022) session with nominal gains after a day of a huge sell-off, as global cues remained mixed. But soon after, the indices fizzled out gains and turned volatile. The BSE Sensex opened 250 points up at 57,421, while the NSE Nifty climbed 100 points to 17,270. Among the Sensex-30 shares, Ultratech Cement, Bajaj Twins, Tata Steel, L&T, HUL, Axis Bank, and Titan were the leading gainers, up 1-1.5 percent. Coal India, Eicher Motors, Grasim, and Tata Consumer were the top gainers on the Nifty. Meanwhile, HDFC twins, Infosys, Dr. Reddy's, HCL Tech, Tech M, Bharti Airtel, and Kotak Bank, meanwhile, were the top losers on the indices. 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

Closing Bell: Sensex falls 237 points, Nifty at 17475.65

Closing Bell: Sensex falls 237 points, Nifty at 17475.65
Wednesday, April 13, 2022
At Close, the Sensex was down 237.44 points or 0.41% at 58,338.93, and the Nifty was down 54.60 points or 0.31% at 17,475.70 as profit booking in banks and financial stocks weighed on the sentiment. Maruti Suzuki, HDFC, HDFC Bank, Tata Motors and Dr Reddy’s Labs were among the top Nifty losers Whereas, ONGC, Apollo Hospitals, ITC, Sun Pharma and UPL were among the top gainers. In the broader market, the BSE MidCap index slipped 0.21 percent but the BSE SmallCap index added 0.27 percent. Among sectors, the Nifty Private Bank index was the worst hit as it dipped by 1 percent. On the upside, the Nifty Metal index gained the most, rising 0.57 percent. India VIX was down over 2% at 17.79 level.

Opening Bell: Indices trade flat amid volatility

Opening Bell: Indices trade flat amid volatility
Wednesday, April 13, 2022
Indian equity benchmarks opened higher on Wednesday, after opening over 300 points up, as March inflation spiked to a 17-month high level amid mixed cues from global peers, as investors await more quarterly earnings reports from India Inc for direction. BSE Sensex was flat and was hovering around 58,600 levels while Nifty 50 was marginally up at 17,550 levels. On BSE Sensex, Bharti Airtel, Mahindra & Mahindra, and NTPC stocks were among the top gainers, while the stocks of Dr Reddy’s Laboratories and Asian Paints were among the top losers on the benchmark index. India Vix is down over 3.5 percent near 17.50 levels. Among sectors, except IT all other sectoral indices are trading in the green with metal, oil & gas, power indices up 1 percent each. Retail inflation soared to a 17-month high of 6.95% in the month of March, much above the upper tolerance band of the Reserve Bank of India. Read more

Closing Bell: Sensex down 388 points, Nifty at 17530.30

Closing Bell: Sensex down 388 points, Nifty at 17530.30
Tuesday, April 12, 2022
At close, the Sensex was down 388.20 points or 0.66% at 58,576.37, and the Nifty was down 144.70 points or 0.82% at 17,530.30 as rising bond yields, fears of aggressive rate hikes by global central banks, and Covid-19 scare in China are among the key pain-points for investors. Axis Bank soared 1.6% higher to end as the top Sensex gainer, followed by Kotak Mahindra Bank, and Power Grid Corporation. Tata Steel was the top laggard, falling 2.63%, followed by Bajaj Auto, and Tech Mahindra. About 1146 shares have advanced, 2193 shares declined, and 90 shares are unchanged. Bank Nifty outperformed, gaining 0.36% to finish the day at 37,747 while India India VIX closed with losses. Except for bank, all other sectoral indices ended in the red with IT, metal, realty, oil & gas, and capital goods indices down 1-3 percent. BSE midcap and smallcap indices shed over a percent each.

Opening Bell: Nifty slips below 17,600,Sensex at 58561.40

Opening Bell: Nifty slips below 17,600,Sensex at 58561.40
Tuesday, April 12, 2022
Indian equity benchmarks started on a weak note ahead of Jan-March earnings due this week and amid an overall negative trend across global markets. Also ahead of US inflation data and ECP meeting, even as TCS q4 results came on expected lines on Monday. SGX Nifty Futures index was trading lower by more than 170 points on the Singaporean exchange ahead of the domestic market opening. Benchmark indices were trading lower with the Nifty around 17500 dragged by metal, IT, realty, and capital goods stocks. while the Sensex dropped more than 300 points About 831 shares have advanced, 2115 shares declined, and 91 shares are unchanged. Following benchmarks, Nifty midcap and small-cap indices too opened marginally lower in the red.Maruti Suzuki, Divis Lab, HCL Tech, Cipla, Tata Consultancy Services, Kotak Bank, Apollo Hospitals, ONGC, and HDFC were the top gainers in the Nifty pack. Hindalco, Tata Motors, Tata Steels, BPCL, Wipro, UPL, Bajaj Finserv, Tech Mahindra, Infosys, and JSW Steel Read more

Closing Bell: Sensex gains 413 points, Nifty at 17784.35

Closing Bell: Sensex gains 413 points, Nifty at 17784.35
Friday, April 8, 2022
At close, the Sensex was up 412.23 points or 0.70% at 59,447.18, and the Nifty was up 144.80 points or 0.82% at 17,784.30 as Investors heaved a sigh of relief as the Reserve Bank of India decided to keep the interest rates unchanged. ITC was the top gainer in the Sensex pack followed by Dr Reddy's Labs, M&M, Tata Steel, Titan, Reliance Industries, Asian Paints, Nestle India, and IndusInd Bank were the other gainers. On the downside, only Tech M, NTPC, Maruti Suzuki, Sun Pharma, and HCL Tech were the laggards, About 2232 shares have advanced, 1072 shares declined, and 117 shares are unchanged. Sectorally, the Nifty Metal index was the biggest gainer, rising 2 percent. Meanwhile, the Nifty IT index ended a wee bit in the red. BSE MidCap and SmallCap indices rose in tandem with the frontline indices and closed 0.9 percent higher each.

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.

Closing Bell: Sensex down 575 points, Nifty at 17639.55

Closing Bell: Sensex down 575 points, Nifty at 17639.55
Thursday, April 7, 2022
At Close, the Sensex was down 575.46 points or 0.97% at 59,034.95, and the Nifty was down 168.20 points or 0.94% at 17,639.50, as weak global cues and nervousness ahead of the Reserve Bank of India's monetary policy outcome tomorrow kept investors on the sidelines. Adani Ports, Titan Company, HDFC, Power Grid Corp, and ONGC were among the top Nifty losers. Axis Bank, Divis Labs, HUL, Dr. Reddy’s Laboratories, and ICICI Bank were the top gainers. About 1678 shares have advanced, 1644 shares declined, and 102 shares are unchanged. The Nifty Oil and Gas, and Consumer Durable indices ended over 2 percent and 1.7 percent lower, respectively. On the upside, the Nifty Pharma index added 0.4 percent. The BSE MidCap and SmallCap indices slipped up to 0.6 percent relative to the benchmarks' 0.97 percent fall.

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

Closing Bell: Sensex down 566.09 points, Nifty at 17807.65

Closing Bell: Sensex down 566.09 points, Nifty at 17807.65
Wednesday, April 6, 2022
At close, the Sensex was down 566.09 points or 0.94% at 59,610.41, and the Nifty was down 149.70 points or 0.83% at 17,807.70.HDFC Bank, HDFC, and HDFC Life were the biggest laggards on the 50-pack index. Coal India, Tata Steel, NTPC, UPL, PowerGrid, BPCL, and Bharti Airtel were the gainers on the Sensex pack. About 2094 shares have advanced, 1229 shares declined, and 92 shares are unchanged. The BSE MidCap and SmallCap indices advanced about 0.4 per cent each. The Nifty PSU Bank and Metal indices were the only gainers in this subdued market, rising 2 percent and 1.3 percent, respectively. On the downside, the Nifty Financial Services and IT indices slipped 1.6 percent each, followed by the Nifty Bank index, down 1.2 percent.

Closing Bell: Sensex down 435 points, Nifty at 17957.40

Closing Bell: Sensex down 435 points, Nifty at 17957.40
Tuesday, April 5, 2022
At close, the Sensex was down 435.24 points or 0.72% at 60,176.50, and the Nifty was down 96 points or 0.53% at 17,957.40, as investors booked profits in HDFC Bank and HDFC along with other heavyweights. NTPC was the top stock gainer, followed by Power Grid corporation, ITC, and Titan. HDFC Bank was the top laggard, accompanied by Bajaj Finserv, and HDFC. About 2280 shares have advanced, 1035 shares declined, and 97 shares are unchanged. Among sectors, the Nifty Bank and Financial Services indices were the only losers, slipping around 1.5 percent each. The gains, meanwhile, were led by the Nifty Auto and FMCG indices, up a little over 1 percent each. The BSE MidCap and SmallCap indices gained 1.3 percent and 1.4 percent, respectively.

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

Closing Bell: Sensex up 1,335.05 points, Nifty at 18053.40

Closing Bell: Sensex up 1,335.05 points, Nifty at 18053.40
Monday, April 4, 2022
At Close, the Sensex was up 1,335.05 points or 2.25% at 60,611.74, and the Nifty was up 382.90 points or 2.17% at 18,053.40, as the surprise merger announcement of HDFC and HDFC Bank catapulted the benchmark indices beyond key psychological levels on Monday.HDFC Bank, HDFC, Adani Ports, HDFC Life, and Kotak Mahindra Bank were among the top Nifty gainers. Infosys, Titan Company, and Tata Consumer Products were the top losers. About 2534 shares have advanced, 796 shares declined, and 118 shares are unchanged. Among sectors, the Nifty Financial Services index zoomed 4.5 percent, followed by the Nifty Bank index, up 4 percent. The Nifty IT index clocked the most tepid gains today, rising just 0.2 percent. The BSE MidCap and SmallCap indices were 1.34 percent and 1.7 percent, respectively.

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

Closing bell:Sensex parked at 57,944, up 350 points while Nifty ended at 17,325, up 103 points

Closing bell:Sensex parked at 57,944, up 350 points while Nifty ended at 17,325, up 103 points
Tuesday, March 29, 2022
As investors stayed divided between 'buy on dips' and 'sell on rally' strategies, today ( 29 March 2022) volatility gripped the benchmark indices. The frontline S&P BSE Sensex gyrated in a narrow range of around 361 points while the Nifty50 traveled within a band of 100 points. By the close, the 30-pack index was parked at 57,944, up 350 points or 0.6 percent, while the broader 50-share index ended at 17,325, up 103 points or 0.6 percent. Adani Ports, Eicher Motors, Divis Labs, Bharti Airtel, JSW Steel, HDFC, SBI Life, Ultratech Cement, Cipla, and Shree Cement were the top gainers in the large-cap space, up between 2 percent and 4.6 percent. On the other hand, Hero MotoCorp, ONGC, Coal India, Indian Oil Corporation, PowerGrid, ITC, and Maruti Suzuki dropped the most, falling between 1 percent and 6.6 percent. Read more

Sensex rises 768 pts from day's low, ends 231 pts up;Nifty shut shop at 17,222, up 69 points

Sensex rises 768 pts from day's low, ends 231 pts up;Nifty shut shop at 17,222, up 69 points
Monday, March 28, 2022
The Indian benchmark indices swung to the positive zone in the afternoon trade today(28 March 2022) as cyclical counters such as public sector banks, auto, and metals marched ahead. Besides, a fall in crude oil prices and stability in global markets in hopes of a fresh round of talks between Russia and Ukraine supported the sentiment. The S&P BSE Sensex leaped from a low of 56,825 to settle at 57,593.5, up 231 points or 0.4 percent relative to the previous close. The NSE Nifty, on the other hand, bounced back from a low of 17,004 and shut shop at 17,222, up 69 points or 0.4 percent. Bharti Airtel, up 4 percent, was the top gainer on the Nifty50 index, followed by Coal India, Axis Bank, Eicher Motors, ITC, SBI, ICICI Bank, HUL, IndusInd Bank, and Power Grid. On the downside, UPl, Dr. Reddy's Labs, Nestle, HDFC, SBI Life, HDFC Life, HCL Tech, and Adani Ports were the top laggards, falling up to 2 percent. Read more

Closing Bell: Sensex down 234 points, Nifty at 17153.00

Closing Bell: Sensex down 234 points, Nifty at 17153.00
Friday, March 25, 2022
At Close, Sensex was down 233.48 points or 0.41% at 57362.20, and the Nifty falling 69.80 points or 0.41% at 17153, as energy prices, including crude oil futures, eased after the US and European Union signed an agreement to share energy needs. Titan Company, Tech M, Maruti Suzuki, Cipla, IOC, Nestle India, Hero MotoCorp, Eicher Motors, L&T, TCS, Wipro, and Tata Steel were the top laggards, losing upwards of a percent each. About 1256 shares have advanced, 1958 shares declined, and 91 shares are unchanged. The BSE MidCap and SmallCap indices dipped 0.3 percent each. Among sectors, the Nifty Realty index was the top gainer, up 1.2 percent. On the flip side, the Nifty Consumer Durable index was the worst hit, down over 2 percent, followed by the Nifty IT and FMCG indices, down up to 1 percent.

CLOSING BELL:Sensex gyrated 690 points intra-day before settling at 57,596, down 89 points and Nifty50 ended at 17,223, down 23 points

CLOSING BELL:Sensex gyrated 690 points intra-day before settling at 57,596, down 89 points and Nifty50 ended at 17,223, down 23 points
Thursday, March 24, 2022
Indian benchmark indices whipsawed in trade today(24 March 2022), the day of weekly F&O expiry, as geopolitical tensions between Ukraine and Russia remained unabated. Brent crude prices above $120 per barrel also added to investor woes. The frontline S&P BSE Sensex gyrated 690 points intra-day before settling at 57,596, down 89 points or 0.15 percent. The Nifty50, on the other hand, ended at 17,223, down 23 points or 0.13 percent. The 50-share index had touched an intra-day high and low of 17,292 and 17,091, respectively. Read more

Closing Bell: Sensex gains 697 points, Nifty at 17315.50

Closing Bell: Sensex gains 697 points, Nifty at 17315.50
Tuesday, March 22, 2022
At close, the Sensex was up 696.81 points or 1.22% at 57,989.30, and the Nifty was up 197.90 points or 1.16% at 17,315.50 amid solid buying in Reliance Industries' stock, and IT and auto pack. Tech Mahindra, BPCL, Tata Motors, Reliance Industries, and IOC were among the top Nifty gainers, while losers were HUL, Nestle India, Britannia Industries, Cipla, and Divis Lab. About 1573 shares have advanced, 1745 shares declined, and 99 shares are unchanged. The BSE MidCap and SmallCap indices gained 0.2 percent each. Sectorally, the Nifty Realty fell 1 percent while the Nifty FMCG index dipped 0.7 percent. The Nifty IT index rose 2 percent and the Nifty Auto index added over 1 percent.

Closing Bell: Sensex falls 571 points, Nifty at 17117.60

Closing Bell: Sensex falls 571 points, Nifty at 17117.60
Monday, March 21, 2022
At Close, Sensex fell 571.44 points or 0.99% at 57292.49, and the Nifty was down 69.40 points or 0.98% at 17117.60, as the Russia-Ukraine conflict failed to de-escalate despite several rounds of talks between the two nations.ICICI Bank, TCS, Kotak Mahindra Bank, HDFC, and Hindustan Unilever were the biggest drags for both indices. Coal India, Hindalco, UPL, Tata Steel, and NTPC, were among the top gainers today, About 1516 shares have advanced, 1919 shares declined, and 140 shares are unchanged. The BSE MidCap index ended 0.7 percent down while the BSE SmallCap index added 0.4 percent. Sectorally, only the Nifty Metal and Media indices ended in the green, inching up 1.3 percent and 0.3 percent, respectively. The top laggards were the Nifty FMCG index, down 2 percent, and the Nifty PSU Bank index, down 1.5 percent.

Closing Bell: Sensex gains 1047 points, Nifty at 17287.05

Closing Bell: Sensex gains 1047 points, Nifty at 17287.05
Thursday, March 17, 2022
At close, the Sensex was up 1,047.28 points or 1.84% at 57,863.93, and the Nifty was up 311.70 points or 1.84% at 17,287.00 as they cheered progress on ceasefire negotiations between Russia and Ukraine. That apart, investors also welcomed a 25-bps rate hike by the US Federal Reserve, which was on expected lines. Housing Development Finance Corporation was the top gainer on Sensex, up 5.5%, followed by Titan, Reliance Industries, and Kotak Mahindra Bank. Only Infosys and HCL Technologies closed with losses. About 2046 shares have advanced, 1270 shares declined, and 121 shares are unchanged. The BSE MidCap and SmallCap indices added 1 percent each. Sectorally, the Nifty Realty index advanced over 3 percent today, ending as the top sectoral gainer for a second straight day. The Nifty Financial Services, Bank, and Metal indices edged between 2 and 2.5 percent higher.

MARKET UPDATE:Sensex rose 800 points to 56,575, while Nifty jumped 230 points to 16,893 levels in early deals

MARKET UPDATE:Sensex rose 800 points to 56,575, while Nifty jumped 230 points to 16,893 levels in early deals
Wednesday, March 16, 2022
The Indian benchmark indices opened sharply higher today(16th march 2022), with a strong recovery from the previous session's losses. The BSE Sensex rose 800 points to 56,575, while the Nifty 50 jumped 230 points to 16,893 levels in early deals. The strong start for the indices comes amid upbeat global sentiment as US stocks rose significantly overnight and Asian shares were also seen staging recovery from their two-day losses. On the Sensex, HDFC, IndusInd Bank, Axis Bank, Maruti, ICICI Bank, Bajaj twins, HDFC Bank, M&M, Asian Paints, and Wipro were leading the upmove, trading up to 3.5 percent higher. Grasim and Tata Motors were the additional gainers on the Nifty50. Read more

Closing Bell: Sensex down 709 points, Nifty at 16663.00

Closing Bell: Sensex down 709 points, Nifty at 16663.00
Tuesday, March 15, 2022
At close, the Sensex was down 709.17 points or 1.26% at 55,776.85, and the Nifty was down 208.30 points or 1.23% at 16,663, breaking five-day winning momentum as Ukraine-Russia talks reached "crossroads". Mahindra & Mahindra was the top gainer on Sensex, up 2.23%, followed by Maruti Suzuki India, and Nestle India. Tata Steel was the worst-performing stock on Sensex, accompanied by Tech Mahindra, and Kotak Mahindra Bank. About 1296 shares have advanced, 2014 shares declined, and 95 shares are unchanged. Among sectors, the BSE Metal index slumped over 4 percent, followed by the BSE Oil and Gas index (down 2.7 percent), the BSE IT index (down 2.4 percent). On the upside, BSE Auto and FMCG indices were the only gainers, adding up to 0.4 percent. The BSE midcap and smallcap indices lost 0.5 percent each. India VIX soared 4% to breach 26 levels again.

MARKET UPDATE:Sensex rose around 200 points to 56,660, while NSE Nifty at 16,918, higher by 50 points

MARKET UPDATE:Sensex rose around 200 points to 56,660, while NSE Nifty at 16,918, higher by 50 points
Tuesday, March 15, 2022
The Indian benchmark indices started to trade on a higher note extending their strong rally to a sixth session amid a sharp fall in crude oil prices from their record highs. The BSE Sensex rose around 200 points to 56,660, while the NSE Nifty was at 16,918, higher by 50 points. Among the Sensex-30 shares, Asian Paints, M&M, Maruti, Ultractech Cement, Axis Bank, L&T, ICICI Bank, HDFC Bank, and SBI were the top gainers. On the Nifty, Tata Consumer, Cipla, Eicher Motors, and Tata Motors were the additional gainers, up to 2 percent higher. On the downside, Tata Steel, Reliance, Infosys, Kotak Bank, NTPC, Tech M, ONGC, Hindalco, JSW Steel, Indian Oil, and Coal India were the top losers on the bourses, down up to 4 percent. Read more

Closing Bell: Sensex gains 935 points, Nifty at 16871.30

Closing Bell: Sensex gains 935 points, Nifty at 16871.30
Monday, March 14, 2022
At close, the Sensex was up 935.72 points or 1.68% at 56,486.02, and the Nifty was up 240.80 points or 1.45% at 16,871.30, as investors pinned hopes on a fresh round of talks between Russian and Ukrainian negotiators. Infosys was the top gainer on Sensex, accompanied by the State Bank of India, and HDFC Bank. HUL was the top laggard, followed by Sun Pharma, and Dr. Reddy’s. About 1684 shares have advanced, 1706 shares declined, and 134 shares are unchanged. Sectorally, the Nifty Realty index declined the most on the NSE, falling 2 percent, while the Nifty Bank, Financial Services, and IT indices added 2 percent each. India VIX closed 1.3% higher at 25.68 levels. The BSE midcap index ended flat, while smallcap index gained 0.3 percent.

Closing Bell: Sensex gains 85.91 points, Nifty at 16630.45

Closing Bell: Sensex gains 85.91 points, Nifty at 16630.45
Friday, March 11, 2022
At close, the Sensex was up 85.91 points or 0.15% at 55,550.30, and the Nifty was up 35.60 points or 0.21% at 16,630.50, as the Assembly elections' euphoria extended into a second day. However, developments around the Ukrainian war, commodity prices, and the US inflation data kept the markets volatile throughout the day. Cipla, BPCL, Sun Pharma, JSW Steel, and IOC were among the top Nifty gainers, while losers were Nestle India, Maruti Suzuki, Tata Consumer Products, Hindalco Industries, and NTPC. While the losers were Nestle India, Maruti Suzuki, Tata Consumer Products, Tata Steel, Britannia, Axis Bank, Hindalco, NTPC, Eicher Motors, and TCS. About 2004 shares have advanced, 1257 shares declined, and 112 shares are unchanged. The Midcap index (up 0.45 percent) and the Smallcap index (up 0.87 percent) on the BSE outperformed the benchmarks. Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 percent on the NSE. The Nifty Auto index, on the other hand, slipped

Investors' wealth jumps over Rs 10.83 trn in three days

Investors' wealth jumps over Rs 10.83 trn in three days
Thursday, March 10, 2022
Equity investors have become richer by over Rs 10.83 lakh crore as stocks extended their rising streak for the third consecutive session today(10 March 2022). The 30-share BSE benchmark Sensex soared 817.06 points or 1.50 percent to close at 55,464.39. In three days, the benchmark has gained 2,621.64 points. Tracking the ongoing rally in equities, the market capitalisation of BSE-listed companies jumped by Rs 10,83,103.27 crore in three sessions to stand at Rs 2,51,93,934.31 crore. Read more

Closing Bell: Sensex gains 817 points, Nifty at 16594.90

Closing Bell: Sensex gains 817 points, Nifty at 16594.90
Thursday, March 10, 2022
At close, the Sensex was up 817.06 points or 1.50% at 55,464.39, and the Nifty was up 249.50 points or 1.53% at 16,594.90,as the Bharatiya Janata Party (BJP) looked set to win four of the five key state elections.HUL was the top gainer on the 50-pack index, followed by Tata Steel, Grasim Industries, SBI, Tata Consumer Products, JSW Steel, Axis Bank, Tata Motors, IOC, and IndusInd Bank. Coal India, Tech M, ONGC, Dr. Reddy's Labs, UPL, and TCS were the top losers. About 2346 shares have advanced, 937 shares declined, and 94 shares are unchanged. The BSE MidCap and SmallCap indices gained 1 percent each. All the sectoral indices ended in the green with auto, metal, FMCG, power, capital goods, PSU Bank and realty indices added 1-2 percent.

MARKET UPDATE:Sensex rose 1,200 points to 55,815, while Nifty climbed 320 points to 16,668 level

MARKET UPDATE:Sensex rose 1,200 points to 55,815, while Nifty climbed 320 points to 16,668 level
Thursday, March 10, 2022
The Indian key benchmark indices started on an upbeat note with a huge gap-up and extended their two-day gains, riding the rebound across global markets. The BSE Sensex rose 1,200 points to 55,815, while the NSE Nifty50 climbed 320 points to 16,668 levels. The front runners on the Sensex included Asian Paints, Axis Bank, SBI, HUL, Maruti, Ultractech Cement, up to 5 percent higher. Tata Motors was the additional top gainer on Nifty. Asian Paints logged the largest gains on the bourses as crude prices corrected sharply on Wednesday to $110 a barrel from the highs of $130. On the flip side, metals stocks were subdued as commodity prices including those of metals such as aluminum, nickel also have come off from their recent high levels. Tata Steel was the sole Sensex loser, down 0.4 percent, while ONGC, Hindalco, and Coal India were the top Nifty losers, up to 4 percent down. 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

Closing Bell: Sensex gains 581 points, Nifty at 16013.45

Closing Bell: Sensex gains 581 points, Nifty at 16013.45
Tuesday, March 8, 2022
At close, the Sensex was up 581.34 points or 1.10% at 53,424.09, and the Nifty was up 150.30 points or 0.95% at 16,013.50, amid high volatility led by the realty, IT, pharma names. Sun Pharma, Tata Consultancy Services (TCS), NTPC, Wipro, Tech Mahindra, UltraTech Cement, Dr.Reddy’s Laboratories, Infosys, ICICI Bank, Bharti Airtel were among top BSE Sensex gainers. On the flip side, Tata Steel, Power Grid Corporation of India, Titan Company, and Reliance Industries (RIL), were among the top index draggers. About 2193 shares have advanced, 1069 shares declined, and 84 shares are unchanged. Among sectors, the Nifty Realty index advanced 3.25 percent today, the Nifty PSB and IT index rose nearly 3 percent each, and the Nifty Pharma index was up 2.4 percent. On the flip side, the Nifty Metal index slipped 1.5 percent. The BSE MidCap and SmallCap indices added 1.45 percent and 1.33 percent, respectively. India VIX was down 2.53 percent to 28.59 levels.

Closing Bell: Sensex down 1491 points, Nifty at 15863.15

Closing Bell: Sensex down 1491 points, Nifty at 15863.15
Monday, March 7, 2022
At close, the Sensex is down 1491 points or 2.74% at 52842.75, and the Nifty was down 382 points or 2.35% at 15863.15, as the US and European Union mulled boycotting importing oil from Russia. Consequently, fears of tighter oil and gas supplies, higher inflation, and, thus, faster-than-expected rate hikes by global central banks hit investor sentiment. Bharti Airtel, HCL Tech, Infosys, ITC, and Tata Steel were the top gainers in the Sensex pack.,ONGC, Hindalco, Coal India, UPL, Cipla, ITC, NTPC, and JSW Steel were the additional gainers on the Nifty. On the downside, IndusInd Bank, Maruti Suzuki, Bajaj Finance, Axis Bank, Britannia, Bajaj Finserv, Tata Motors, Ultratech Cement, ICICI Bank, SBI, Hero Moto, HDFC, L&T, HUL, RIL, and HDFC Life were the losers in the Sensex pack.The BSE MidCap and SmallCap indices closed 2.2 percent lower each. Sectorally, indices of rate-sensitive sectors such as Auto, Realty, Bank, Financial Services fell between 4 and 5.5 percent. Read more

MARKET UPDATE:Sensex down 1,400 points, breaching the 53K-mark to around 52,920, while Nifty cracked 450 points to 15,780

MARKET UPDATE:Sensex down 1,400 points, breaching the 53K-mark to around 52,920, while Nifty cracked 450 points to 15,780
Monday, March 7, 2022
The Indian benchmark indices started to trade with deep cuts today (7th March 2022) as Brent Crude trading at $130 a barrel and global market sell-off.In morning trades, the BSE Sensex was down 1,400 points, breaching the 53K-mark to around 52,920, while the NSE Nifty50 cracked 450 points to 15,780. The losses were spread across the broader markets with the BSE MidCap and SmallCap indices slipping 2.3 percent each. On the Sensex, top laggards were ICIC Bank, Maruti, Bajaj Finance, L&T, and Asian Paints, down up to 5 percent. On the Nifty, Eicher Motors, Britannia, and Tata Motors were the additional losers. Read more

LIC IPO may be delayed to next fiscal year amid market swings: Report

LIC IPO may be delayed to next fiscal year amid market swings: Report
Friday, March 4, 2022
The IPO of LIC of India is set to be delayed into the next financial year amid market swings triggered by the Russia-Ukraine crisis, according to some sources. Bankers and officials are preparing to shift the listing of the state-run insurer to after the current fiscal year, which ends in March, as per the source. A formal announcement could be expected this week or next, they added. LIC’s underwriters have seen muted interest during early meetings with potential anchor investors, according to the people. Many fund managers have been wary of making major commitments amid the market volatility, the people said. Read more

Closing Bell: Sensex down 768 points, Nifty at 16245.35

Closing Bell: Sensex down 768 points, Nifty at 16245.35
Friday, March 4, 2022
At close, the Sensex is down 768.87 points or 1.40% at 54,333.81, and the Nifty was down 252.60 points or 1.53% at 16,245.40, as Russia's invasion of Ukraine escalated, with Russian forces attacking and seizing control over Europe's largest nuclear power plant earlier today. Dr Reddy’s Lab was the top Sensex gainer, up 2.78% accompanied by ITC, Tech Mahindra, and Ultratech Cement. On the other hand, Titan, Maruti Suzuki, and Asian Paints were the top laggards. The BSE MidCap index declined 2.3 percent and the BSE SmallCap index, meanwhile, settled 1.3 percent lower. Sectorally, only the Nifty IT index eked out again on the NSE, rising 0.14 percent. The Nifty Auto index was the worst hit index today for a second straight day as it ended 3.3 percent down today. All other remaining indices fell between 1 and 3 percent. India VIX closed 0.71% lower.

MARKET UPDATE:Sensex fell 763 points to 54,339, while Nifty at 16,289, lower by 208 points

MARKET UPDATE:Sensex fell 763 points to 54,339, while Nifty at 16,289, lower by 208 points
Friday, March 4, 2022
Indian benchmark indices started trade sharply lower today(4 March 2022) in tune with weak global market sentiment. The BSE Sensex fell 763 points to 54,339, while the NSE Nifty was at 16,289, lower by 208 points. Among the Sensex-30 shares, Asian Paints, Maruti, Axis Bank, Titan, Wipro, Bajaj twins, Kotak Bank, HUL, M&M, Tech M, Infosys, HDFC Bank were the top losers, up to 4 percent lower. On the Nifty, auto players-Hero MotoCorp, Eicher Motors, Tata Motors was the additional laggards. Meanwhile, a few shares were trading higher on the bourses, especially from the Metal pack. These included Tata Steel, Hindalco, JSW Steel, along with NTPC, UPL, and BPCL. Read more

Closing Bell: Sensex down 366 points, Nifty at 16498.05

Closing Bell: Sensex down 366 points, Nifty at 16498.05
Thursday, March 3, 2022
At close, the Sensex was down 366.22 points or 0.66% at 55,102.68, and the Nifty was down 108 points or 0.65% at 16,498 as geopolitical uncertainty and weekly F&O expiry kept investors on the sidelines. About 1963 shares have advanced, 1279 shares declined, and 116 shares are unchanged.ONGC, Power Grid, UPL, Wipro, Tech M, HCL Tech, and Coal India were the top gainers on the Nifty index today, On the downside, Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, The BSE MidCap index settled 0.64 percent down. The BSE SmallCap index, on the other hand, added 0.35 percent. Sectorally, the Nifty Auto index declined 2 percent on the NSE, followed by the Nifty Private Bank, Bank, and Consumer Durable indices, down 1 percent each. On the flip side, the Nifty IT and Metal indices added 1 percent each.

MARKET UPDATE:Sensex up 200 points to 55,690 levels, while Nifty index up 60-odd points around 16,650 levels

MARKET UPDATE:Sensex up 200 points to 55,690 levels, while Nifty index up 60-odd points around 16,650 levels
Thursday, March 3, 2022
The Indian benchmark indices started trade fairly higher today(3rd March 2022) tracking firm global market cues after a day of huge sell-off. Though, soon after, the indices pared their opening gains and were modestly higher. The BSE Sensex was up 200 points to 55,690 levels, while the NSE Nifty50 index was now up 60-odd points around 16,650 levels. On the Sensex, IT stocks Tech M, Wipro, HCL Tech, and Infosys were the top gainers, up to 3 percent higher. On the downside, Asian Paints, Ultratech Cement, Kotak Bank, ICICI Bank, and Axis Bank were the top losers. Read more

Closing bell: Sensex down 779 points, Nifty at 16605.95

Closing bell: Sensex down 779 points, Nifty at 16605.95
Wednesday, March 2, 2022
At close, the Sensex was down 779 points or 1.38% lower at 55,468 while NSE Nifty 50 ended 187 points or 1.12% in red at 16,605, as the Russia-Ukraine conflict entered its 7th day today. Tata Steel soared 5.66% as the top Sensex gainer, followed by Reliance Industries and Titan. Maruti Suzuki India was the worst-performing stock on Sensex, down 5.95%, accompanied by Dr. Reddy’s and Bajaj Auto. About 1642 shares have advanced, 1537 shares declined, and 101 shares are unchanged. In the broader markets, the BSE MidCap and SmallCap indices ended 0.1 percent lower each. Sectorally, the Nifty Metal index was the top gainer on the NSE today (up 4 percent) while the Nifty Auto index slumped 3 percent. The Nifty Bank, Financial Services, and Pharma indices dipped 2 percent each. India VIX inched higher and closed at 29.23 levels.

MARKET UPDATE:Sensex fell 700 points to 55,544, while Nifty at 16,634, lower by 159 points

MARKET UPDATE:Sensex fell 700 points to 55,544, while Nifty at 16,634, lower by 159 points
Wednesday, March 2, 2022
The Indian key benchmark indices opened gap-down today(2nd March 2022) snapping their two-day previous gains as global market sentiment soured amid soaring oil and commodity prices. The BSE Sensex fell 700 points to 55,544, while the NSE Nifty was at 16,634, lower by 159 points. Among the Sensex-30 constituents, Tata Steel, PowerGrid, NTPC, Tech M, M&M, Reliance were the top gainers, up 0.3-3 percent. ICICI Bank, Maruti, Asian Paints, HDFC twins, Kotak Bank, Ultractech Cement, IndusInd Bank, and Axis Bank, meanwhile, were the top drags, trading 1.4-3 percent lower. On the Nifty, Coal India, ONGC, Hindalco, Tata Steel were the top performers, trading 3-4 percent higher, while Bajaj Auto was the additional top laggard on the index, down 4 percent. Read more

Closing Bell: Sensex gains 389 points, Nifty at 16793.90

Closing Bell: Sensex gains 389 points, Nifty at 16793.90
Monday, February 28, 2022
At close, the Sensex was up 388.76 points or 0.70% at 56,247.28, and the Nifty was up 135.50 points or 0.81% at 16,793.90, as Russia and Ukraine began talks at the Belarus border. Tata Steel was the top Sensex gainer, up 6.45%, followed by Power Grid, Titan, and Reliance Industries. Dr Reddy’s was the worst performer, down 2.8%, accompanied by Axis Bank, M&M, and HDFC Bank. About 2071 shares have advanced, 1290 shares declined, and 142 shares are unchanged. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices added 0.8 percent each. On the sectoral front, apart from the Nifty Metal index, which closed nearly 5 percent higher, the Nifty Oil and gas index (up 2.6 percent), IT index (up 1 percent), and the Nifty FMCG index (up 0.6 percent) were the other star performers. On the flip side, the Nifty Auto and Bank indices were the worst hit, down 0.7 percent each. Volatility continued to remain high as India's VIX ended 6.8% higher at 28.57.

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

Markets and war: Will Sharp recovery follow a steep fall?
Monday, February 28, 2022
For the global equity markets, it was a very tough time over the past few weeks as they have battled several headwinds, including the recent geopolitical conflict between Russia and Ukraine that has also triggered a sharp rise in commodity prices. Market experts say the market fall was a knee-jerk reaction to the Russia – Ukraine conflict and are likely to witness a choppy phase before discounting this development and staging a sharp rebound. Over time, equity markets have generally overreacted near the geopolitical risks. Read more

MARKET UPDATE:Sensex fell 688 points to 55,170, while Nifty at 16,481, lower by 177 points

MARKET UPDATE:Sensex fell 688 points to 55,170, while Nifty at 16,481, lower by 177 points
Monday, February 28, 2022
In tune with weakness in Asian and global markets, the Indian benchmark indices started trade lower today(28th Feb.2022) amid the Russia-Ukraine conflict uncertainty. The BSE Sensex fell 688 points to 55,170, while the NSE Nifty was at 16,481, lower by 177 points. Among the Sensex-30 shares, Tata Steel and PowerGrid were the only gainers, up to 1 percent higher. Bharti Airtel, HDFC Bank, Dr. Reddy's, Asian Paints, Maruti, M&M, Bajaj Finserv, Kotak Bank, and Axis Bank, meanwhile, were the top losers, down up to 3 percent. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 1 percent each. Read more

Closing Bell: Sensex gains 1328 points, Nifty at 16658.40

Closing Bell: Sensex gains 1328 points, Nifty at 16658.40
Friday, February 25, 2022
At close, the Sensex was up 1,328.61 points or 2.44 percent at 55,858.52, and the Nifty was up 410.40 points or 2.53 percent at 16,658.40 levels as investors rushed to bargain buying at a lower level on Friday, after a nearly 5-per cent fall on Thursday Index heavyweights such as ICICI Bank, HDFC Bank, Tata Consultancy Services (TCS), Housing Development Finance Corporation (HDFC), Reliance Industries Ltd (RIL), and Bajaj Finance contributed the most to the indices’ gain. while losers included Britannia Industries, Nestle India, and HUL.In the broader markets, the MidCap and Smallcap indices on the BSE outperformed the benchmarks and closed a little over 4 percent higher each. Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with a 5 percent gain each on the NSE. This was followed by the Nifty Private Bank index (4 percent), Nifty Bank index (3.5 percent), and the Nifty Pharma, Auto, and Financial Services indices (3 percent each).

MARKET UPDATE:Sensex rose 933 points to 55,463 while Nifty climbed 267 points to 16,514

MARKET UPDATE:Sensex rose 933 points to 55,463 while Nifty climbed 267 points to 16,514
Friday, February 25, 2022
The Indian benchmark indices started trade sharply higher today(25th Feb.2022) following the overnight recovery in the global markets and snapped their 7-day losing streak. The BSE Sensex rose 933 points to 55,463 while the NSE Nifty climbed 267 points to 16,514 Among the Sensex-30 shares, IndusInd Bank, Tata Steel, M&M, Bajaj Finserv, ICICI Bank, Axis Bank, Ultratech Cement, Wipro, Bajaj Finance, and SBI were the top gainers, up to 4 percent higher. All Sensex shares were in the green. On the Nifty, Tata Motors, UPL, and Adani Ports were the top additional gainers, trading 3-6 percent up. The broader markets were seen putting up an impressive show outperforming the benchmarks. The BSE MidCap and SmallCap indices were up to 3 percent higher. In comparison, the Sensex and Nifty were up 2 percent each. Read more

Closing Bell: Sensex crashes 2,700 points, Nifty at 16247.95

Closing Bell: Sensex crashes 2,700 points, Nifty at 16247.95
Thursday, February 24, 2022
At close, the Sensex was down 2,702.15 points or 4.72% at 54,529.91, and the Nifty was down 815.30 points or 4.78% at 16,248.00 a day of monthly F&O expiry, as Russia attacked Ukraine. All the 30 stocks on S&P BSE Sensex ended in a deep sea of red. IndusInd Bank, Mahindra & Mahindra (M&M), Bajaj Finance, Axis Bank, Reliance Industries Ltd (RIL), HDFC Bank, ICICI Bank, and Infosys, among others, were top index draggers. About 240 shares have advanced, 3084 shares declined, and 69 shares are unchanged. In the broader markets, the BSE Midcap and the BSE SmallCap indices slumped 5.5 percent and 5.7 percent, respectively. Sectorally, the Nifty PSU Bank tumbled over 8 percent, Realty index 7.5 percent, Private Bank 6 percent, and Metal and IT indices 5 percent. The Nifty Bank index, meanwhile, slipped over 2,100 points or 6 percent to end at the 35,200 level. Nifty FMCG too fell over 3 percent. India VIX, the volatility index, rallied 30.31 percent to end at 31.98 levels.

Closing Bell:Sensex down 382 points, Nifty at 17092.20

Closing Bell:Sensex down 382 points, Nifty at 17092.20
Tuesday, February 22, 2022
At close, the Sensex was down 382.91 points or 0.66% at 57300.68, and the Nifty was down 114.50 points or 0.67% at 17092.20, for the fifth consecutive session amid weak global cues due to the Russia-Ukraine crisis. Tata Consultancy Services (TCS), State Bank of India (SBI), HDFC Bank, Reliance Industries Ltd (RIL), and Tata Steel, were the top losers in the Sensex pack, Gainers included M&M, Bajaj Finserv, Eicher Motors, Hindalco Industries, and ONGC. About 684 shares have advanced, 2589 shares declined, and 82 shares are unchanged.Sectorally, all the key indices ended with losses. The Nifty Realty index was the worst hit, down 3 percent, followed by the Nifty Pharma, IT, Metal, and Bank indices, down between 1 and 1.5 percent. In the broader market, the BSE MidCap and SmallCap indices, which fell up to 2.5 percent intraday, settled 0.7 percent and 1.6 percent lower, respectively.

MARKET UPDATE: Sensex fell 951 points to 56,732, while Nifty tanked 271 points to 16,935

MARKET UPDATE: Sensex fell 951 points to 56,732, while Nifty tanked 271 points to 16,935
Tuesday, February 22, 2022
The Indian key benchmark indices started sharply lower with a massive gap today (22 Feb.2022) amid downbeat global sentiment due to tensions around the Russia-Ukraine conflict. The BSE Sensex fell 951 points to 56,732, while the NSE Nifty tanked 271 points to 16,935. The two indices were nearly 2 percent lower. All the Sensex-30 constituents were in the negative territory, led by losses in Dr. Reddy's, Asian Paints, TCS, L&T, IndusInd Bank, HDFC twins, Bajaj Finserv, down 2-3 percent. On the Nifty, ONGC was the sole gainer, up 1.3 percent, while UPL was the additional loser. ONGC was firmly higher as crude oil prices have again jumped higher on the worsening Russia-Ukraine conflict. Read more

Closing Bell:Sensex ended the day 54 points lower at 57,833 levels, while Nifty closed at 17,276, down 28 points

Closing Bell:Sensex ended the day 54 points lower at 57,833 levels, while Nifty closed at 17,276, down 28 points
Friday, February 18, 2022
The volatile streak in the markets extended into a third straight day today(18th Feb.2022) mainly due to the investor's fear about the ongoing tensions between Russia and Ukraine. The S&P BSE Sensex ended an extremely choppy day 54 points, or 0.1 percent, lower at 57,833 levels, while the Nifty50 shut shop at 17,276, down 28 points or 0.16 percent. Reliance Industries, Infosys, Ultratech Cement, Bajaj Finance, ICICI Bank, Bharti Airtel, and M&M were the major drag on the Sensex today(18th Feb.2022), accounting for most of the losses. This downside was capped by gains in HDFC twins, L&T, TCS, and Axis Bank. In the broader markets, the BSE MidCap and SmallCap indices shed 0.8 percent each with individual stocks, including Gland Pharma, Honeywell Automation, Astral Ltd, Hindustan Media Ventures, Asian Energy Services, and Unichem Labs cracking between 4 percent and 8 percent. Read more

MARKET UPDATE: Sensex down 133 points at 57,759 and Nifty at 17,246, lower by 58 points

MARKET UPDATE: Sensex down 133 points at 57,759 and Nifty at 17,246, lower by 58 points
Friday, February 18, 2022
The Indian benchmark indices started to trade lower for the third session in tandem with the bearish global cues on the rising Russian-Ukraine conflict. The BSE Sensex was down 133 points at 57,759 and the NSE Nifty was at 17,246, lower by 58 points. Among the Sensex-30 constituents, NTPC, Maruti, M&M, Tata Steel, L&T, PowerGrid, IndusInd Bank, and SBI were the top gainers, trading up between 0.4-1 percent. On the Nifty, Coal India, UPL were the additional gainers, up 2 percent and 1 percent, respectively. On the downside, Cipla, Wipro, Tech M, Nestle, Infosys, HCL Tech, Ultratech Cement, HDFC Bank, TCS, Asian Paints, meanwhile, were the top losers, down up to 1 percent. In the broader markets, the BSE MidCap and SmallCap indices were also in the negative territory, down 0.4 percent each. The volatility index climbed 5 percent as investors grew jittery. Read more

India will soon have Electricity OTC market

India will soon have Electricity OTC market
Thursday, February 17, 2022
Soon, in India, anyone buy can sell or trade electricity – both conventional (coal, gas hydro) and renewable energy (solar, wind). The over-the-counter (OTC) market allows buyers and sellers to directly transact electricity, and negotiate the price and contract. To facilitate this trade Indian electricity market will have a new platform. Apex regulator Central Electricity Regulatory Commission (CERC) last week issued the guidelines for setting up an OTC platform in India, which the sector executives said would be the world’s first regulated OTC platform. The CERC in a 2017 order identified the need for a regulatory framework in India to help electricity consumers buy directly. Read more

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level

MARKET UPDATE: Sensex down 43 points at 57,953, while Nifty flat at 17,326 level
Thursday, February 17, 2022
The Indian benchmark indices turned volatile soon after they opened with modest gains today(17th February 2022). The market sentiment is being weighed on account of the weekly F&O expiry. The BSE Sensex was down 43 points at 57,953, while the NSE Nifty was flat at 17,326 level. Banking stocks came under selling pressure amid losses led by IndusInd Bank, Axis Bank, ICICI Bank, and HDFC Bank, down 0.5-1 percent. Other top losers were Shree Cement, Ultratech Cement, Dr. Reddy's, SBI, and Bajaj twins. On the upside, PowerGrid, Reliance, M&M, HDFC, and Titan were the top Sensex gainers, up to 1 percent higher. Cipla, Tata Motors, HeroMoto Corp, ONGC, Tata Consumer, and Bajaj Auto were the top Nifty gainers, up 1-2 percent.

MARKET UPDATE: Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433

MARKET UPDATE: Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433
Wednesday, February 16, 2022
The Indian benchmark indices started today's(16th February 2022) session higher extending the previous day's strong rally as concerns around the Russia-Ukraine conflict eased. The BSE Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433. The indices soon after the opening were seen turning volatile as they slipped into the red zone. From the Sensex-30 shares, M&M, Bajaj Finance, HDFC, PowerGrid, NTPC, Bajaj Finserv, HCL Tech, Kotak Bank, HDFC Bank, Nestle, ITC, and Bharti Airtel were the top gainers, up 0.3-2 percent. On the Nifty, BPCL, IOC, HDFC Life, Coal India, and Grasim were the additional gainers. On the downside, Titan, Tata Steel, L&T, Shree Cement, Ultratech Cement, Wipro, and ICICI Bank, meanwhile, were the top losers. Read more

Closing Bell: Sensex gains 1736 points, Nifty at 17352.45

Closing Bell: Sensex gains 1736 points, Nifty at 17352.45
Tuesday, February 15, 2022
At close, the Sensex was up 1,736.21 points or 3.08% at 58,142.05, and the Nifty was up 509.70 points or 3.03% at 17,352.50, as reports of withdrawal of Russian troops from the Ukrainian border soothed investor's nerves. Crude oil prices also dropped around 3 percent in the latter half of the session, providing further comfort to equity investors. Tata Motors, Eicher Motors, Bajaj Finance, Shree Cements, and Hero MotoCorp were the top Nifty gainers, while losers were Cipla and ONGC. About 1996 shares have advanced, 1286 shares declined, and 90 shares are unchanged. All sectoral indices ended in the green, the Nifty PSU Bank and Auto indices soaring 4 percent each. The Nifty Bank, Financial Services, IT, and Realty indices, meanwhile, gained between 3 and 3.5 percent. The BSE MidCap index gained 2.7 per cent and the BSE SmallCap index advanced around 2 per cent.

Closing Bell: Sensex crashes 1747 points, Nifty at 16842.80

Closing Bell: Sensex crashes 1747 points, Nifty at 16842.80
Monday, February 14, 2022
At close, Sensex was down 1,747.08 points, or 3 percent, at 56,405.84, and the Nifty was down 532 points, or 3.06 percent, at 16,842.80, as simmering tensions between Ukraine and Russia crushed equities."Increased tension between the US and Russia over Ukraine sent oil prices rising and forced investors to dump risky assets. Sectorally, all the indices ended in the red with the Nifty PSU Bank index nosediving 5.9 percent; Realty index 5 percent; Private Bank, Financial Services, Bank, and Auto upwards of 4 percent each; and Pharma and IT indices over 2 percent. The BSE MidCap and SmallCap indices cracked 3.5 percent and 4 percent, respectively.“At present, Nifty has support at 16800/16650 levels while resistance comes at 17100 levels. On the other hand, Bank nifty has support at 36370 levels while resistance 37600 at levels,” said Sachin Gupta, AVP, Research, Choice Broking.

Opening Bell: Sensex gains 142 points, Nifty at 17526.80

Opening Bell: Sensex gains 142 points, Nifty at 17526.80
Thursday, February 10, 2022
The Sensex was up 142 points or 0.32% at 58650, and the Nifty was up 52 points or 0.30% at 17526. Power Grid Corporation of India, Infosys, Tata Steel, NTPC, Housing Development Finance Corporation (HDFC), HDFC Bank, SBI were among the top index gainers. Asian Paints, Maruti Suzuki, Bharti Airtel, Reliance Industries Ltd (RIL), Hindustan Unilever, HCL Tech, Wipro were among the top index draggers. Sectorally, Nifty Auto and FMCG indices were leading losers, down 0.3 and 0.7 percent, while Nifty Metals was the top outlier and was trading 1.3 percent higher. Bank Nifty was up 0.06 percent. About 1332 shares have advanced, 1548 shares declined, and 87 shares are unchanged. Meanwhile, as per a CNBC TV-18 report, state insurer LIC's IPO draft papers are likely to be filed with the SEBI tomorrow as the IRDAI has given it a go-ahead for the public offer.

Opening Bell: Sensex gains over 500 points, Nifty above 17,400

Opening Bell: Sensex gains over 500 points, Nifty above 17,400
Wednesday, February 9, 2022
The Sensex was up 500 points or 0.84% at 58294.54, and the Nifty was up 144.40 points or 0.84% at 17411.20. The up-move was supported by strong gains in IT and private banking counters. Bajaj Finserv, Maruti, HCL Tech, Titan, IndusInd Bank, HDFC Bank, Wipro, Tech M, Coal India, IOC, Bajaj Auto were the top gainers on the bourses, trading up to 2.6 percent. Investors looked forward to the Reserve Bank of India's monetary policy decision due on Thursday. In the broader markets, the BSE MidCap and SmallCap indices were also in the positive territory, up 0.9 percent each. Nifty sectoral indices were trading with gains. Bank Nifty was up nearly 1%. Nifty Auto, Nifty IT, Nifty Media, Nifty Realty indices gained up to 1.5 percent. Public banks were subdued in the trade as the PSB index was 0.84 percent down.

Closing Bell: Sensex up 187 points, Nifty at 17252.95

Closing Bell: Sensex up 187 points, Nifty at 17252.95
Tuesday, February 8, 2022
At close, the Sensex was up 187.39 points or 0.33% at 57,808.58, and the Nifty was up 53.20 points or 0.31% at 17,266.80, amid mixed global cues and fag-end buying in metals, financials, select auto, and RIL stock. Reliance Industries Ltd (RIL), ICICI Bank, Bajaj Finance, Tata Steel, and Axis Bank contributed the most to the indices’ gain.ONGC, Indian Oil Corporation, Power Grid, SBI Life, L&T, TCS, Tata Consumer Products, Kotak Bank, HDFC Bank, Ultratech Cement, Shree Cement, and SBI were the top laggards on the Nifty index, The BSE SmallCap was hit harder as it declined 1.4 percent on the exchange today. The BSE MidCap index, meanwhile, slipped 0.45 percent. Sectorally, the Nifty Metal and PSU Bank indices each ended 0.8 percent higher. Among losers, the Nifty Realty index dipped 0.8 percent, followed by the Nifty IT index, down 0.3 percent.

Closing Bell: Sensex down 1000 points, Nifty at 17213.60

Closing Bell: Sensex down 1000 points, Nifty at 17213.60
Monday, February 7, 2022
At close, the Sensex was down 1,023.63 points or 1.75% at 57,621.19, and the Nifty was down 302.70 points or 1.73% at 17,213.60 on increasing fears around hawkish outlook from global central banks and unabated rise in oil prices. L&T, HDFC Bank, Bajaj Finance, Housing Development Finance Corporation (HDFC), Bajaj Finserv, Kotak Mahindra Bank, Titan Company, ICICI Bank were among the top indexes draggers. On the flip side, stocks of Power Grid Corporation of India, NTPC, Tata Steel, State Bank of India (SBI), and UltraTech Cement were the Sensex gainers. About 1389 shares have advanced, 2044 shares declined, and 131 shares are unchanged. Sectorally, all except the Nifty PSB index ended in the red, led by the Nifty Financial Services index (down 2.5 percent) and the Nifty Private Bank index (down 2.3 percent), The Nifty PSB index, on the other hand, ended 1 percent higher. the MidCap and SmallCap indices on the BSE outperformed the headline indices and ended 1.3 percent and 0.8 percent

Cryptocurrency market:Bitcoin hits two-week high; Solana, Ethereum, Dogecoin jump up to 11%,

Cryptocurrency market:Bitcoin hits two-week high; Solana, Ethereum, Dogecoin jump up to 11%,
Saturday, February 5, 2022
The world's biggest and best-known cryptocurrency Bitcoin rallied 10 percent to a two-week high today(5t February 2022)mainly due to a return in risk appetite and a rally in stock markets cryptocurrency Ethereum, the second-largest crypto in m-cap terms, also jumped 9 percent. Among key cryptos, Bitcoin was up 10 percent in the last 24 hours at $41,615.37. Earlier, it hit a high of $41,983, taking gains from Thursday's lows to nearly 16 percent and marking a 27 percent rise from the year's low of $32,950.72 on January 24. Ethereum was quoting at $3,030.08, up 8.57 percent. Most of the 10 top digital tokens were trading with strong gains on Saturday. Solana climbed up 10.82 percent, taking its 7-day rise to 23 percent. Polkadot soared 15.37 percent, taking its 7-day rise to 20 percent. At the same time, Terra was up 11.53 percent. BNB, XRP, and Cardano gained 9-12 percent. Tether was trading flat.

Closing Bell: Sensex down 143 points, Nifty at 17516.30

Closing Bell: Sensex down 143 points, Nifty at 17516.30
Friday, February 4, 2022
At close, the Sensex was down 143.20 points or 0.24% at 58,644.82, and the Nifty was down 43.90 points or 0.25% at 17,516.30, as investors digested key updates from both the Bank of England and the European Central Bank. Sun Pharma was the top Sensex gainer, followed by Asian Paints, Tata Steel, and Ultratech Cement. State Bank of India, Mahindra & Mahindra, and Bajaj Auto were the other top laggards. About 1554 shares have advanced, 1704 shares declined, and 87 shares are unchanged. The BSE MidCap and SmallCap indices were down 0.7 percent and 0.45 percent, respectively. The Nifty Realty index fell 2.8 percent on the NSE, while the Nifty PSB index dipped 1.9 percent. On the contrary, the Nifty Metal index rose 1.2 percent.

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567

MARKET UPDATE:Benchmark indices volatile; Sensex up 50 points at 58,837, while Nifty just 6 points higher at 17,567
Friday, February 4, 2022
The Indian benchmark indices were volatile in early morning trade today (4th February 2022) after starting on a lower note as IT stocks traded weak in line with the US tech stock rout overnight. The BSE Sensex was up 50 points at 58,837, while the NSE Nifty was just 6 points higher at 17,567. Tata Steel was the top Sensex gainer, up 2 percent ahead of its Q3 earnings. Ultratech Cement, IndusInd Bank, HDFC Bank, power grid, Sun Pharma, Dr. Reddy's, L&T, SBI, and NTPC were the other gainers, up between 0.5-1.8 percent. On the flip side, Wipro, Titan, RIL, ITC, HCL Tech, TCS, Infosys, HUL, Maruti, Hero MotoCorp, and Tata Consumer were the top losers on the bourses. In the broader markets, the BSE MidCap index was marginally up by 0.05 percent, while the SmallCap index was trading 0.34 percent higher. Read more

Closing Bell: Sensex down 770 points, Nifty at 17560.20

Closing Bell: Sensex down 770 points, Nifty at 17560.20
Thursday, February 3, 2022
At close, the Sensex was down 770.31 points or 1.29% at 58,788.02, and the Nifty was down 219.80 points or 1.24% at 17,560.20, as investors booked profit post a recent rally and tepid global cues. Bajaj Auto was the top gainer, followed by ITC, Maruti Suzuki, SBI, and Asian Paints. HDFC was the top laggard, accompanied by Infosys, Larsen & Toubro, and Kotak Mahindra Bank. About 1663 shares have advanced, 1602 shares declined, and 81 shares are unchanged. The BSE MidCap index fell 0.8 percent and the BSE SmallCap index slipped 0.3 percent. Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 percent) and the Nifty Realty index (down 1.7 percent). The nifty Auto index was the only gainer, up 0.4 percent. India VIX rose 2.73%, regaining 19 levels.

Closing News: Sensex gains 695 points, Nifty at 17780.00

Closing News: Sensex gains 695 points, Nifty at 17780.00
Wednesday, February 2, 2022
At close, the Sensex was up 695.76 points or 1.18% at 59,558.33, and the Nifty was up 203.20 points or 1.16% at 17,780, with the frontline indices ending over a percent higher. Bajaj Finserv was the top Sensex gainer, followed by IndusInd Bank, HCL Technologies, and Bajaj Finance. Tech Mahindra was the top laggard on Sensex, accompanied by Nestle India, Ultratech Cement, and Larsen & Toubro. About 2243 shares have advanced, 1038 shares declined, and 90 shares are unchanged. The BSE MidCap and SmallCap indices also logged strong gains and ended 1 percent and 1.6 percent higher, respectively. The Nifty PSU Bank index was the top gainer today as it ended 3.4 percent higher. This was followed by the Nifty Pharma, Metal, and Realty indices, all up between 1 and 1.4 percent.

Closing Bell: Sensex gains 848 points, Nifty at 17576.85

Closing Bell: Sensex gains 848 points, Nifty at 17576.85
Tuesday, February 1, 2022
At Close, the Sensex was up 848.40 points or 1.46% at 58862.57, and the Nifty was up 237.00 points or 1.37% at 17576.80, as investors gave a thumbs up to pro-growth Budget 2022. Finance Minister Nirmala Sitharaman on Tuesday unveiled a Budget that aims to boost growth amid continued disruption from Covid-19 and rising inflation. Tata Steel was the top gainer, followed by Sun Pharma, IndusInd Bank, Larsen & Toubro, and Ultratech Cement. Mahindra & Mahindra was the top drag, followed by Power Grid Corporation, State Bank of India, and NTPC were the other top laggards. About 1683 shares have advanced, 1583 shares declined, and 98 shares are unchanged. The BSE MidCap index closed with a gain of 1 percent while the BSE SmallCap index ended 0.9 percent up. Among sectors, auto and oil & gas indices ended in the red, while bank, capital goods, FMCG, pharma, IT, realty, and metal indices rose 1-5 percent. BSE midcap and smallcap indices gained 1 percent each. Read more

Closing Bell: Sensex gains 813 points, Nifty at 17339.85

Closing Bell: Sensex gains 813 points, Nifty at 17339.85
Monday, January 31, 2022
At close, the Sensex was up 813.94 points or 1.42% at 58,014.17, and the Nifty was up 237.80 points or 1.39% at 17,339.80 as investors eyed pro-reforms, pro-growth measures from the annual document and ahead Union Budget to be presented on February 1 by Finance Minister Nirmala Sitharaman. Tech Mahindra was the top gainer, followed by Bajaj Finserv, Infosys, and State Bank of India. IndusInd Bank was the worst Sensex performer, accompanied by Kotak Mahindra Bank, and Hindustan Unilever. About 1773 shares have advanced, 1632 shares declined, and 142 shares are unchanged. The BSE MidCap and SmallCap indices advanced 1.7 percent and 0.9 percent, The Nifty IT and Realty indices soared 3 percent each, Bank Nifty soared 0.76%, auto, pharma, oil & gas gained 1 percent each. India VIX zoomed 6%

MARKET UPDATE:Sensex up 696 points at 57,876 and Nifty at 17,316, higher by 214 points

MARKET UPDATE:Sensex up 696 points at 57,876 and Nifty at 17,316, higher by 214 points
Monday, January 31, 2022
The Indian 8benchmark indices started higher today(31st February 2022) with support from positive global markets and on the back of broad-based buying. The BSE Sensex was up 696 points at 57,876 and the NSE Nifty was at 17,316, higher by 214 points. Among Sensex shares, Asian Paints, Infosys, Wipro, IndusInd Bank, Tata Steel, Bajaj twins, Infosys, Tech M, HCL Tech, Ultratech Cement, Dr. Reddy's, Titan, and SBI were the top gainers, up between 1.5-3 percent. On the Nifty, ONGC, Divis Labs, Britannia, BPCL, and UPL were the additional gainers. On the flip side, IndusInd Bank, L&T, Coal India, and NTPC were the sole losers on the bourses. In the broader markets, the BSE Midcap and SmallCap indices were in the green, up 1.3 and 1.4 percent, respectively. Read more

Closing Bell: Sensex down 77 points, Nifty at 17101.95

Closing Bell: Sensex down 77 points, Nifty at 17101.95
Friday, January 28, 2022
At close, the Sensex was down 77 points or 0.13% at 57200.23, hit a high of 58,084-mark, up 807 points intra-day, and the Nifty down 8 points or 0.05% at 17101.95 ended a week of extreme volatility marginally in the red note on Friday, following the US Federal Reserve's monetary policy meeting.NTPC was the top gainer, followed by Sun Pharma, IndusInd Bank, and ITC. Maruti Suzuki was the top loser, accompanied by Tech Mahindra, Power Grid Corporation, and ICICI Bank. The BSE MidCap and SmallCap indices bucked the trend and ended 1 percent higher. Among sectors, financials and autos were the only losers today. The Nifty Bank index slipped 0.7 percent while the Nifty Auto index dropped 0.6 percent. On the contrary, the Nifty IT, Pharma, and Realty indices gained around 1 percent each. India VIX was down 1.76%

Closing Bell: Sensex down 581 points, Nifty at 17110.15

Closing Bell: Sensex down 581 points, Nifty at 17110.15
Thursday, January 27, 2022
At close, the Sensex was down 581.21 points or 1% at 57,276.94, and the Nifty down 167.80 points or 0.97% at 17,110.20. Infosys, Tata Consultancy Services (TCS), Reliance Industries Ltd (RIL), ICICI Bank, and HCL Technologies among others contributed the most to the indices’ fall. Axis Bank, SBI, Kotak Bank, IndusInd Bank, and Maruti Suzuki are the major gainers in the sense pack. About 1447 shares have advanced, 1832 shares declined, and 90 shares are unchanged. The Nifty PSU Bank index jumped a massive 5 percent on the NSE, while the Nifty Bank and Private Bank indices added about a percent each. However, FMCG, realty, pharma, and IT indices shed 1-3 percent BSE MidCap index fell over 1 percent while the BSE SmallCap index slid 0.8 percent.

Closing Bell: Sensex gains 367 points, Nifty at 17277.95

Closing Bell: Sensex gains 367 points, Nifty at 17277.95
Tuesday, January 25, 2022
At close, the Sensex was up 366.64 points or 0.64% at 57,858.15, and the Nifty was up 128.90 points or 0.75% at 17,278.00 after a 5-day losing streak. Asian Paints, Wipro, Kotak Mahindra Bank, HDFC Bank, RIL, Housing Development Finance Corporation, TCS, Infosys were among the top Sensex drags. On the flip side,Maruti Suzuki, Axis Bank, Bharti Airtel, Tata Steel, IndusInd Bank, Power Grid Corporation of India were among the top BSE Sensex gainers. About 1935 shares have advanced, 1330 shares declined, and 84 shares are unchanged. The BSE MidCap index ended 1 percent higher while the BSE SmallCap index added 0.8 percent. Except IT, all other sectoral indices ended in the green with PSU bank, power, auto, and bank rose 2-4 percent.

Closing Bell: Sensex tanks 1545 points, Nifty at 17149.10

Closing Bell: Sensex tanks 1545 points, Nifty at 17149.10
Monday, January 24, 2022
At close, the Sensex was down 1,545.67 points or 2.62% at 57,491.51, and the Nifty was down 468.10 points or 2.66% at 17,149.10. 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. Also, the run-up to the Union Budget 2022 has also induced choppiness in the markets. JSW Steel, Tata Steel, Bajaj Finance, Grasim, Hindalco, Wipro, Tech M, Titan, and Tata Consumer Products were the major losers in the index pack. while gainers included Cipla and ONGC.The BSE MidCap index declined 3.8 percent while the BSE SmallCap index slipped 4.4 percent. All the indices ended with sharp losses, led by the Nifty Realty index down 6 percent, the Nifty Metal index down 5.2 percent, and the Nifty IT index down 3.4 percent.

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

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

Volatility in market likely to continue next week; investors to be cautious
Saturday, January 22, 2022
The market in India snapped its four-week winning run as benchmark indices fell about three-and-a-half percent amid rising geopolitical tensions and fear of earlier-than-expected interest rate hikes. Foreign institutional investors turned bearish again, withdrawing money from equities and moving debt. Selling was seen across sectors with IT, pharma, and some banking names leading the loss chart. According to many analysts, this volatility in the market will likely continue for a while and advised the investors to be cautious. “Along with global disturbances, the uncertainties regarding the upcoming budget will likely keep the Indian market highly volatile in the coming days,'' said an expert. Global equity markets were also volatile on the back of expectations of faster interest rate hikes by the US Federal Reserve, rise in US bond yields, higher crude oil prices, and concerns over rising inflation. Read more

Closing Bell: Sensex plunged 656 points to 60,099 while Nifty at 17,943, down 170 points

Closing Bell: Sensex plunged 656 points to 60,099 while Nifty at 17,943, down 170 points
Wednesday, January 19, 2022
Indian benchmark indices ended lower for a second straight day today(19th January 2022) as rising bond yields continued to shift investors away from riskier asset classes. The 10-year US Treasury yield hit 1.9 percent today, its highest point since December 2019. Brent crude futures, too, topped the $88 per barrel mark. Given this, the frontline BSE Sensex index plunged 656 points, or 1.08 percent, to 60,099. The Nifty50, on the other hand, shut shop at 17,943, down 170 points or 0.9 percent. The broader markets, however, outperformed the headline indices with the BSE MidCap index declining 0.34 percent but the BSE SmallCap rising 0.04 percent. Among individual stocks, SBI rose around 2 percent to end as the top Sensex gainer today. This was followed by Maruti Suzuki, Tata Steel, Axis Bank, Tech M, and M&M. All these stocks were up in the range of 0.3-1.6 percent. Read more

MARKET UPDATE:Sensex down 285 points at 60,469 while Nifty at 18,044 lower by 68 points

MARKET UPDATE:Sensex down 285 points at 60,469 while Nifty at 18,044 lower by 68 points
Wednesday, January 19, 2022
The Indian benchmark indices extended their opening losses and were 0.5 percent lower in early morning trade today (19th January 2022). The BSE Sensex was down 285 points at 60,469 while the NSE Nifty was at 18,044 lower by 68 points. The index slipped below 18,000 to a low of 17,950 earlier. Infosys, Asian Paints, HCL Tech, Wipro, Ultratech Cement, Sun Pharma, Kotak Bank, L&T, TCS, HDFC, HUL, Airtel were the top laggards of the Sensex-30 pack and were trading 0.7-2 percent lower. On the Nifty, Tata Consumer, Adani Ports, HDFC Life, SBI Life, and Shree Cement were the additional losers. Read more

BSE Sensex ended at 61,309 levels, up 86 points while Nifty50 closed at 18,309, up 53 points

BSE Sensex ended at 61,309 levels, up 86 points while Nifty50 closed at 18,309, up 53 points
Monday, January 17, 2022
Nervousness has crept into the markets, with the focus shifting to stock-specific action amid Q3 results season. The BSE Sensex oscillated in a narrow range of 277 points intra-daytoday917TH January 2022), and eventually ended at 61,309 levels, up to 86 points or 0.14 percent. On the NSE, the Nifty50 closed at 18,309, up 53 points or 0.29 percent. In the broader market, the BSE MidCap and SmallCap indices outperformed the benchmarks and ended up to 0.6 percent higher. According to experts Markets are currently witnessing time-wise correction and are likely to resume the trend soon. "Meanwhile, participants should focus more on risk management citing a rise in volatility due to the earnings. We reiterate our preference for IT, metal, realty, and pharma pack while banking may see further consolidation," they opined.

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

GOI seeks Rs 15-trn valuation for LIC in India's biggest IPO

GOI seeks Rs 15-trn valuation for LIC in India's biggest IPO
Wednesday, January 12, 2022
GOI is pushing for a valuation of about Rs 15 trillion ($203 billion) for LIC that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firm’s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than Rs 4 trillion, and its market value could be about four times that amount, the people said, asking not to be identified as the discussions are private. Once the final report is in, the valuation the government is seeking could change. Embedded value, a key metric for insurers, combines the current value of future profits with the net value of assets. The gauge will be part of LIC’s IPO prospectus that’s likely to be filed in the week starting Jan. 31. Typically, the market value of insurers is between three and five times the embedded value. Read more

Closing Bell: Sensex gains 221 points, Nifty at 18055.75

Closing Bell: Sensex gains 221 points, Nifty at 18055.75
Tuesday, January 11, 2022
At close, the Sensex was up 221.26 points or 0.37% at 60616.89, and the Nifty was up 52.50 points or 0.29% at 18055.80 higher in the volatile session on January 11 led by the IT, power, realty stocks. IndusInd Bank, HDFC, Tata Consumer Products, Hindalco Industries, and Britannia Industries were among major gainers on the Nifty, while Tata Steel, JSW Steel, Coal India, Bajaj Finance, and Nestle India were the major losers. About 1757 shares have advanced, 1481 shares declined, and 55 shares are unchanged. Among sectors, the metal index fell over 2 percent, while buying was seen in the IT, power, oil & gas, and realty stocks. The BSE midcap and smallcap indices ended flat.

Closing Bell: Sensex gains 651 points, Nifty at 18003.30

Closing Bell: Sensex gains 651 points, Nifty at 18003.30
Monday, January 10, 2022
At close, the Sensex was up 650.98 points or 1.09% at 60,395.63, and the Nifty was up 190.60 points or 1.07% at 18,003.30 was mainly lifted by automobile counters, along with select financials. Hero MotoCorp, Titan, Maruti Suzuki, Tata Motors, SBI, and L&T were the top gainers. Wipro, Divis Labs, Nestle India, Tata Consumer Products, Asian Paints, and Power Grid were the laggards. About 2472 shares have advanced, 948 shares declined, and 88 shares are unchanged. All the sectoral indices ended in the green with PSU Bank, IT, Auto, Capital Goods, Power, Bank, Realty indices up 1-3 percent. The BSE MidCap index added 0.7 percent while the BSE SmallCap index gained 1.2 percent.

MARKET UPDATE:BSE Sensex 680 points lower at 59,542, and NSE Nifty at 17,730, lower by 195 points

MARKET UPDATE:BSE Sensex 680 points lower at 59,542, and NSE Nifty at 17,730, lower by 195 points
Thursday, January 6, 2022
The Indian benchmark indices were deep in the red as they ended a streak of four-day gains with sharp losses today(6th January 2022). The BSE Sensex was 680 points lower at 59,542, and the NSE Nifty was 17,730, lower by 195 points. The two indices were down over 1 percent each. In tandem with this, the broader markets were also negative but were seen trimming losses. The BSE MidCap and SmallCap indices were down 0.6 and 0.4 percent, as compared to the 1 percent fall in the benchmarks. Sectoral rotation in favour of financials, particularly leading banks, is a likely scenario in 2022. There are market signals and macro triggers favouring financials. So, market corrections may be used to buy high-quality financials and large-cap IT, he said. Read more

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points

MARKET UPDATE:BSE Sensex up 100 points at 59,962, and NSE Nifty at 17,839, higher by 34 points
Wednesday, January 5, 2022
The Indian benchmark indices were seen recovering slightly in early morning deals in a volatile market today(5th January 2021). The BSE Sensex was up nearly 100 points at 59,962, and the NSE Nifty was at 17,839, higher by 34 points. Banking counters were the leading gainers with the Nifty Bank index up 1.2 percent. The top gainers on the Sensex were Bajaj twins(up 2 percent), followed by HDFC Bank, ICICI Bank, Axis Bank, SBI, up percent each. Metal stocks were also strong with APL Apollo, Jindal Steel, SAIL, JSW Steel, NMDC, HindCopper, Tata Steel, up between 0.6-1.8 percent. On the flip side, IT and Pharma stocks were the major laggards. Tech Mahindra, HCL Technology, Wipro, Infosys, and TCS were trading 0.8-2 percent lower on the BSE. Read more

Closing Bell: Sensex down 90.99, Nifty at 17203.95

Closing Bell: Sensex down 90.99, Nifty at 17203.95
Thursday, December 30, 2021
At close, the Sensex was down 90.99 points or 0.16% at 57,806.49, and the Nifty was down 19.70 points or 0.11% at 17,213.60 as investors preferred to stay on the sidelines amid the year-end celebrative mood. Reliance Industries Ltd (RIL), Tata Steel, Bajaj Finance, State Bank of India (SBI), Maruti Suzuki, among others contributed the most to indices loss. Eicher Motors, Sun Pharma, Bajaj Auto, IndusInd Bank, and Divis Labs were among the top Nifty gainers. About 1969 shares have advanced, 1317 shares declined, and 96 shares are unchanged. The BSE Midcap was down 0.2 percent, while the Smallcap was up 0.3 percent. Among sectoral indices, the BSE Energy, Oil & Gas and Metal indices declined over a percent each, while the IT index ended a percent higher. India VIX was up nearly 2 percent to 16.57 levels.

Closing Bell: Sensex gains 296 points, Nifty at 17086.25

Closing Bell: Sensex gains 296 points, Nifty at 17086.25
Monday, December 27, 2021
At close, the Sensex was up 296 points or 0.52% at 57420.24, and the Nifty was up 82.50 points or 0.49% at 17086.25. Tech Mahindra, Dr. Reddy’s, PowerGrid Corporation of India, Kotak Mahindra Bank, ICICI Bank, Sun Pharma, Mahindra & Mahindra (M&M), HDFC Bank were among top index gainers. On the contrary, Asian Paints, IndusInd Bank, Maruti Suzuki, Reliance Industries Ltd (RIL) and Bharti Airtel were top index laggards. About 1944 shares have advanced, 1285 shares declined, and 124 shares are unchanged. The BSE Midcap and Smallcap were up 0.3 percent and 0.5 percent, respectively. Among sectors, the BSE Healthcare index surged 1.3 percent. The Bankex was the other notable gainer. Most sectoral indices ended with gains in the range of 0.3-0.5 percent each. Nifty Bank gained 0.58 percent to finish trade at 35,058.

MARKET UPDATE: Sensex surged 261 points to quote at 57,224 level while Nifty at 17,039 up 83 points

MARKET UPDATE: Sensex surged 261 points to quote at 57,224 level while Nifty at 17,039 up 83 points
Thursday, December 23, 2021
Indian benchmark indices, in line with positive global market trends, the benchmark indices opened higher and rose up to 0.5% today(23rd Dec.2021). The BSE Sensex surged 261 points to quote at 57,224 level while the Nifty50 was at 17,039, up 83 points. In the broader markets, the BSE MidCap and SmallCap indices gained 0.6 per cent each.

Closing Bell: Sensex up 497 points, Nifty at 16770.85

Closing Bell: Sensex up 497 points, Nifty at 16770.85
Tuesday, December 21, 2021
At close, the Sensex was up 497 points or 0.89% at 56,319.01, and the Nifty was up 156.60 points or 0.94% at 16,770.80, as investors looked for value in beaten-down shares. HCL Tech was the top gainer on Sensex, followed by Tech Mahindra, and Tata Steel. Power Grid was the worst Sensex performer, followed by Axis Bank, and Bajaj Finance. About 2204 shares have advanced, 1033 shares declined, and 111 shares are unchanged. The BSE Midcap and Smallcap indices finished with gains of 1.4 percent and 1.3 percent, respectively. Among sectoral indices, the BSE Metal index surged 3 percent. The Consumer Durables index was up 2.2 percent, while the IT, Telecom, and Realty indices rallied around 1.5 percent each.

Closing Bell: Sensex down 1190 points, Nifty at 16614.20

Closing Bell: Sensex down 1190 points, Nifty at 16614.20
Monday, December 20, 2021
At close, the Sensex was down 1,189.73 points or 2.09% at 55,822.01, and the Nifty was down 371.00 points or 2.18% at 16,614.20, as the market sentiment was dented amid fears of a severe-than-expected economic impact owing to the Omicron variant, recently announced hawkish policy stances by global central bankers and persistent FIIs selling. Hindustan Unilever was the top Sensex gainer, followed by Dr. Reddy’s Laboratories. Tata Steel was the worst Sensex performer, followed by the State Bank of India, IndusInd Bank, and Bajaj Finance. About 621 shares have advanced, 2604 shares declined, and 97 shares are unchanged. The BSE Midcap and the Smallcap - also recovered partially but still ended with losses in excess of 3 percent each. All the sectoral indices ended in the red with the realty, bank, capital goods, and metal indices falling 3-4 percent. India VIX closed 16% higher, regaining 18.97 levels.

Closing Bell: Sensex down 889 points, Nifty at 16985.20

Closing Bell: Sensex down 889 points, Nifty at 16985.20
Friday, December 17, 2021
At close, the Sensex was down 889.40 points or 1.54% at 57,011.74, and the Nifty was down 263.20 points or 1.53% at 16985.20. IndusInd Bank was the top laggard of Sensex, followed by, Kotak Mahindra Bank ,with Hindustan Unilever and Titan. Infosys was the top gainer, accompanied by HCL Technologies, Power Grid, and Sun Pharma.About 913 shares have advanced, 2221 shares declined, and 76 shares are unchanged.The BSE Midcap and Smallcap indices were down 2.4 per cent and 2.1 per cent, respectively. Among sectoral indices, the BSE Realty index nose-dived 4 per cent. The Energy, Bankex, Auto and Oil & Gas indices were down over 2.5 per cent each. The IT index also pared gains towards the close, still finsihed more than a per cent higher. India VIX was up 3% sitting near 16.4 levels.

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

MARKET UPDATE:Sensex opened at 57,853.5 level,down 47.5 points while the Nifty at 17,221 levels, down 27 points
Friday, December 17, 2021
Indian equities started off on a cautious note today(17th Dec.2021) amid the acceleration of bond-buying programmes by various central banks to fight off inflation and suck excess liquidity out of the system. After the US Fed, the European Central Bank, and the Bank of Japan have decided to hasten the asset purchase programmes. That apart, the Bank of England became the first global central bank on Thursday to raise the interest rate by 25 basis points. Against this backdrop, the S&P BSE or 0.08 percent. It's NSE counterpart Nifty50, too, quoted at 17,221 levels, down 27 points in early deals. In the broader markets, the BSE MidCap and SmallCap indices dipped 0.33 percent and 0.1 percent, respectively. Read more

Closing Bell:Sensex gains 113 points, Nifty at 17248.40

Closing Bell:Sensex gains 113 points, Nifty at 17248.40
Thursday, December 16, 2021
At close, the Sensex was up 113.11 points or 0.20% at 57,901.14, and the Nifty was up 27 points or 0.16% at 17,248.40, amid weakness in auto, banking, and realty shares. The top gainer on Sensex was Bajaj Finance, followed by Infosys, Titan, and Reliance Industries. Maruti Suzuki India was the top Sensex laggard, followed by ICICI Bank, Bajaj Auto, and Sun Pharma. About 1462 shares have advanced, 1803 shares declined, and 103 shares are unchanged. The BSE Midcap and Smallcap indices were down 0.6 percent each. Bank Nifty closed 0.65% lower. Among sectors, except IT and oil & gas, all other sectoral indices ended in the red.

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

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

Closing Bell: Sensex down 329 points, Nifty at 17221.40

Closing Bell: Sensex down 329 points, Nifty at 17221.40
Wednesday, December 15, 2021
At close, the Sensex was down 329.06 points or 0.57% at 57,788.03, and the Nifty was down 103.50 points or 0.60% at 17,221.40. Bajaj Finance was the top Sensex drag, followed by Bajaj Finserv, and Power Grid. On the other hand, Sun Pharma was the top gainer on Sensex, accompanied by Kotak Mahindra Bank, Mahindra & Mahindra, and Maruti Suzuki India. About 1546 shares have advanced, 1574 shares declined, and 90 shares are unchanged. The BSE Midcap index declined 0.7 percent, and the Smallcap index was down 0.4 percent. Except for Auto, all other sectoral indices ended in the red, with IT, metal, realty, and PSU bank indices down 1 percent each. India VIX closed above 17 levels, gaining 1.59%.

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

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

Closing Bell: Sensex down 503 points, Nifty at 17368.25

Closing Bell: Sensex down 503 points, Nifty at 17368.25
Monday, December 13, 2021
At close, the Sensex was down 503.25 points or 0.86% at 58,283.42, and the Nifty was down 143.00 points or 0.82% at 17,368.30, on the back of weakness in select financial shares, FMCG, and index heavyweight Reliance Industries. Power Grid was the top Sensex gainer, followed by Axis Bank, Tech Mahindra, and Maruti Suzuki India. In the red was Bajaj Finance, accompanied by Bajaj Finserv, Nestle India, and Reliance Industries. About 1840 shares have advanced, 1554 shares declined, and 158 shares are unchanged. The BSE Midcap index was down 0.5 percent, while the Smallcap index was up 0.2 percent. Among sectors, except Nifty IT all other sectoral indices ended in the red. India VIX was down 2%

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

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

Closing Bell: Sensex down 20.60 points, Nifty at 17511.30

Closing Bell: Sensex down 20.60 points, Nifty at 17511.30
Friday, December 10, 2021
At close, the Sensex was down 20.46 points or 0.03% at 58,786.67, and the Nifty was down 5.50 points or 0.03% at 17,511.30 amid volatility. Asian Paints was the top Sensex gainer, followed by Sun Pharma, Mahindra & Mahindra, and Maruti Suzuki India. Titan was the laggard, accompanied by Tech Mahindra, Bajaj FInserv, and HDFC. About 2024 shares have advanced, 1165 shares declined, and 125 shares are unchanged. The BSE Midcap index advanced 0.3 percent, and the Smallcap index jumped 0.8 percent. Among sectors, realty and PSU Bank indices rose nearly 3 percent each, while metal, oil & gas, power indices ended in the green. India VIX was up half a percent.

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

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

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

Closing Bell: Sensex gains 157.45 points, Nifty at 17516.85

Closing Bell: Sensex gains 157.45 points, Nifty at 17516.85
Thursday, December 9, 2021
At close, the Sensex was up 157.45 points or 0.27% at 58,807.13, and the Nifty was up 47 points or 0.27% at 17,516.80. ITC was the top Sensex gainer, followed by Larsen & Toubro, Asian Paints, and Reliance Industries. HDFC Bank was the top laggard, followed by Titan, Nestle India, and NTPC. About 2046 shares have advanced, 1153 shares declined, and 115 shares are unchanged. Among sectoral indices, the BSE Capital Goods index gained 2 percent. The FMCG and Energy indices were up 1.5 percent each. The Telecom and Oil & Gas indices also jumped a percent each. The Bankex, however, was down 0.5 percent. The BSE Midcap index was up 0.4 percent, and the Smallcap index had surged 0.8 percent. The volatility index continued to move lower, slipping at 3.88%.

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

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

Closing Bell: Sensex gains 1016 points, Nifty at 17469.75

Closing Bell: Sensex gains 1016 points, Nifty at 17469.75
Wednesday, December 8, 2021
At close, the Sensex was up 1,016.03 points or 1.76% at 58,649.68, and the Nifty was up 293.10 points or 1.71% at 17,469.80 as the key benchmark indices logged back-to-back strong gains today helped by a status-quo RBI policy by the Reserve Bank of India (RBI). About 2270 shares have advanced, 941 shares declined, and 121 shares are unchanged. Bajaj Finance was the top index gainer, up 3.3%, followed by ICICI Bank, Bajaj Finserv, and SBI. Power Grid was the only Sensex constituent to trade in the red. Among sectoral indices, the BSE Auto index rallied 2.3 percent and was the major percentage gainer. The rest of the prominent indices such as Energy, FMCG, Healthcare, IT, Bankex, Metal, Oil & Gas, and Realty were up 1-2 percent each. The BSE Midcap and Smallcap indices were up 1.4 percent and 1.5 percent, respectively.

Closing Bell: Sensex gains 886 points, Nifty at 17176.70

Closing Bell: Sensex gains 886 points, Nifty at 17176.70
Tuesday, December 7, 2021
At close, the Sensex was up 886.51 points or 1.56% at 57,633.65, and the Nifty was up 264.40 points or 1.56% at 17,176.70 as global fears of a significant impact on economic recovery owing to Omicron variant receded and also investors lapped up banking shares a day ahead of the MPC (Monetary Policy Committee) meeting outcome. About 2278 shares have advanced, 924 shares declined, and 114 shares are unchanged. Tata Steel was the top gainer on Sensex, followed by Axis Bank, ICICI Bank, Kotak Bank, and SBI. Bharti Airtel and Asian Paints were the only stocks in red among the 30-stock Sensex. The BSE Midcap and Smallcap indices rallied over a percent each. India VIX was 7% in the red. All sectoral indices ended in the green with bank, metal, and realty added 2-3 percent.

Closing Bell: Sensex down 949 points, Nifty at 16912.25

Closing Bell: Sensex down 949 points, Nifty at 16912.25
Monday, December 6, 2021
At Close, the Sensex was down 949.32 points or 1.65% at 56,747.14, and the Nifty was down 284.40 points or 1.65% at 16,912.30 as investors continued to adopt a cautious approach given the uncertainty around the Omicron virus and the upcoming RBI policy meeting on December 08. All Sensex constituents closed in red with IndusInd Bank as the worst performer, followed by Bajaj Finserv, Bharti Airtel, TCS, Tata Consumer Products, and HCL Technologies. About 1340 shares have advanced, 1948 shares declined, and 165 shares are unchanged. Among sectors, the BSE IT index cracked 2.5 percent. The Energy and Telecom indices were down 2 percent each. The FMCG, Healthcare, Auto, and Realty indices were the other major losers, down over 1.5 percent each. The BSE Midcap and Smallcap indices declined 1.4 percent each.India VIX zoomed 8.78% higher to finish at 20.08 levels.

Closing Bell: Sensex down 765 points, Nifty at 17196.70

Closing Bell: Sensex down 765 points, Nifty at 17196.70
Friday, December 3, 2021
At Close, the Sensex was down 764.83 points or 1.31% at 57,696.46, and the Nifty was down 205 points or 1.18% at 17,196.70 Indices reversed their two-day winning streak with losses in excess of a percent. Power Grid was the top loser on Sensex, followed by Reliance Industries, Asian Paints, and Kotak Mahindra Bank. Larsen & Toubro was the top gainer on Sensex, followed by IndusInd Bank, Tata Steel, Ultratech Cement, and TCS. About 1722 shares have advanced, 1453 shares declined, and 137 shares are unchanged. Except for capital goods, all other sectoral indices ended in the red. The BSE Midcap index ended almost flat, while the Smallcap index added 0.3 percent. India VIX closed with gains.

MARKET UPDATE:Sensex advanced 253 points at 58,714 levels while Nifty at 17,461, up 60 points

MARKET UPDATE:Sensex advanced 253 points at 58,714 levels while Nifty at 17,461, up 60 points
Friday, December 3, 2021
Indian equities extended their buying spree into the third straight session today(3rd December 2021) amid broad-based buying. The S&P BSE Sensex advanced 253 points, or 0.43 percent, at 58,714 levels in early deals. The NSE Nifty, meanwhile, was at 17,461, up 60 points. L&T, BPCL, Axis Bank, and Kotak Bank, were the top gainers on the 50-pack index while Nestle India, Hindalco, Tata Consumer Products, Bajaj Auto, and HUL were the top laggards. In the broader markets, the BSE MidCap and SmallCap index rose 0.34 percent and 0.5 percent, respectively.

Closing Bell: Sensex gains 776, Nifty at 17401.65

Closing Bell: Sensex gains 776, Nifty at 17401.65
Thursday, December 2, 2021
At close, the Sensex was up 776.50 points or 1.35% at 58,461.29, and the Nifty was up 234.80 points or 1.37% at 17,401.70 ended higher for the second consecutive session on December 2 as bulls attempted to come back on Dalal Street. Power Grid was the top index gainer, followed by HDFC, M&M, and Titan. Axis Bank and ICICI Bank were the top laggards, accompanied by Larsen & Toubro, and SBI. About 2139 shares have advanced, 1040 shares declined, and 139 shares are unchanged. All the sectoral indices ended in the green with IT, metal, realty, auto, FMCG, oil & gas, power indices up 1-2 percent. The BSE Midcap index was up 1.1 percent, and the Smallcap index advanced 1.2 percent.

MARKET UPDATE:Sensex started at 57,818 level, up 133 points while Nifty opened at 17,210, up 43 points

MARKET UPDATE:Sensex started at 57,818 level, up 133 points while Nifty opened at 17,210, up 43 points
Thursday, December 2, 2021
Indian equities started higher today(2nd December 2021) amid mixed global cues. The S&P BSE Sensex started today's session at 57,818 level, up 133 points or 0.2 percent. The Nifty50 opened at 17,210, up 43 points. M&M (up over 2 percent), HDFC, Power Grid, Titan, and Sun Pharma were leading the list of gainers on the Sensex index. On the flipside, L&T (down 0.8 percent), ICICI Bank, Nestle India, Axis Bank, and SBI were trading in the red. In the broader markets, the BSE MidCap and SmallCap indices added 0.29 percent and 0.22 percent, respectively. Among individual stocks, NDTV shares were locked at a 5 percent upper circuit after the company has signed an exclusive 10-year deal worth Rs 750 crore with Taboola – a global leader in powering content recommendations on the open web. 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

Closing Bell: Sensex down 195 points, Nifty at 16983.20

Closing Bell: Sensex down 195 points, Nifty at 16983.20
Tuesday, November 30, 2021
At cLose, Sensex ended 195.71 points lower or 0.34% at 57064.87, and the Nifty shed 81.40 points or 0.48% at 16972.60 after US pharma major Moderna warned that Covid-19 shots seemed less effective against Omicron. Power Grid was the top Sensex gainer, followed by Titan, State Bank of India, and Bajaj Finance. While Tata Steel, Kotak Mahindra Bank, Reliance Industries, and Bajaj Auto are the top losers. About 1675 shares have advanced, 1383 shares declined, and 112 shares are unchanged. Among the sectors, the metal index fell over 2 percent followed by banks, auto, and power while IT, Realty, and FMCG closed in the green. while India VIX was down more than 5%.The BSE Midcap index gained 0.3 percent, while the Smallcap index rallied 1.5 percent.

Has Markets over-reacted to Omicron Covid variant?

Has Markets over-reacted to Omicron Covid variant?
Monday, November 29, 2021
Global equity markets, including India, have seen a sharp sell-off over the past few sessions as the Omicron Covid variant reignited concerns of sporadic lockdowns and limit movement of goods and people across key economies. Analysts, however, believe that the markets have overreacted to the development, and a market falls from here on, if any, should be used to add to positions from a medium-to-long-term perspective. The omicron variant was labeled a ‘variant of concern’ by the World Health Organization (WHO) last Friday that sent global equity markets into a tailspin. As a result, the BSE Sensex and Nifty tanked nearly 3 percent each in a broad-based sell-off. Read more

Closing Bell:Sensex falls 1687 points, Nifty at 17026.45

Closing Bell:Sensex falls 1687 points, Nifty at 17026.45
Friday, November 26, 2021
At close, the Sensex was down 1,687.94 points or 2.87% at 57,107.15, and the Nifty was down 509.80 points or 2.91% at 17,026.50, "triggered by the new covid variant in South Africa, markets plummeted into negative territory following weak global peers. Dr. Reddy was the top Sensex gainer, followed Nestle India while all other stocks were down in red. IndusInd Bank was the top laggard, down 6.2%, followed by Maruti Suzuki India, Tata Steel, and Bajaj Finance. About 964 shares have advanced, 2163 shares declined, and 80 shares are unchanged. The Nifty Bank index fell 3.6 percent and the Nifty Realty index slipped 6 percent. The Nifty Pharma index, up 1.7 percent, was the only gainer on the NSE. The BSE MidCap and SmallCap indices fell 3.2 percent and 2.6 percent, respectively. India VIX climbed 25 percent and hit a 6-month high of 21-level.

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

Closing Bell:Sensex gains 454 points, Nifty at 17536.25

Closing Bell:Sensex gains 454 points, Nifty at 17536.25
Thursday, November 25, 2021
At close, the Sensex was up 454.10 points or 0.78% at 58,795.09, and the Nifty was up 121.30 points or 0.70% at 17,536.30 led by strong gains in the index heavyweight Reliance Industries. Reliance Industries was the top Sensex gainer, surging 6.1%, followed by Infosys, ITC, and Tech Mahindra. Maruti Suzuki India, ICICI Bank, and IndusInd Bank were among the top laggards. About 2054 shares have advanced, 1166 shares declined, and 106 shares are unchanged. Among sectors, the BSE Energy index soared 4.6 percent. The Healthcare and Realty indices were up 1.7 percent and 1.8 percent, respectively. The Oil & Gas and IT indices were also up around a percent each. The BSE Midcap and Smallcap indices were up 0.7 percent and 1 percent, respectively.

Closing Bell: Sensex down 323 points, Nifty at 17415.05

Closing Bell: Sensex down 323 points, Nifty at 17415.05
Wednesday, November 24, 2021
At close, the Sensex was down 323.34 points or 0.55% at 58,340.99, and the Nifty was down 88.30 points or 0.50% at 17,415 dragged by weakness in key index heavyweights like Infosys, ITC, and Reliance Industries NTPC was the top gainer on Sensex, up 1%, followed by Power Grid, and Bharti Airtel. Reliance Industries was the top loser on Sensex, followed by Asian Paints, Infosys, and Tech Mahindra. About 1950 shares have advanced, 1249 shares declined, and 142 shares are unchanged. The small-cap index ended with a gain of 0.4 percent, while the Midcap index was down 0.6 percent in line with the Sensex. Among sectors, the BSE Auto and IT indices declined over a percent each. FMCG and Capital Goods were the other prominent losers. The Oil & Gas index, however, was up 0.8 percent. India VIX was deep in the red.

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

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

Closing Bell: Sensex gains 198 points, Nifty at 17503.35

Closing Bell: Sensex gains 198 points, Nifty at 17503.35
Tuesday, November 23, 2021
At Close, the Sensex was up 198.44 points or 0.34% at 58,664.33, and the Nifty was up 86.80 points or 0.50% at 17,503.30 on the back of pull-back in select index heavyweights following the recent sell-off. Power Grid was the top Sensex gainer, up 3.89%, followed by NTPC, Tata Steel, Bharti Airtel, and Sun Pharma. On the other hand, IndusInd Bank was the top laggard, down 2.59%, followed by Asian Paints, Infosys, Bajaj Auto, and Maruti Suzuki India. About 2346 shares have advanced, 829 shares declined, and 153 shares are unchanged. Among sectors, the BSE Metal and Power indices soared over 3 percent each. The Realty, Telecom and Capital Goods indices were up around 2 percent each. Except IT, all other sectoral indices ended in the green. The BSE Midcap index advanced 1.6 percent, and the Smallcap index added 1.8 percent.

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

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

Biggest market crash in 7 months ; investors lost Rs 8 lakh crore in equity wealth

Biggest market crash in 7 months ; investors lost Rs 8 lakh crore in equity wealth
Monday, November 22, 2021
Benchmark indices crashed for the fourth day in a row today(22nd Nov.2021). In the biggest daily plunge on Dalal Street since April, investors lost as much as Rs 7.86 lakh crore in equity wealth. All sectors bled profusely along with broader markets. The repeal of the agriculture laws had an impact on the PSU stocks while the O2C deal not going through left a deep cut on Reliance. Even as IPO Investors come to terms with the reality, the inflationary impact on demand across several sectors continues to worry the street. The 30-share pack Sensex tanked 1,170.12 points or 1.96 percent to close at 1,170.12. This was after the index pared some losses due to late buying. Its broader peer NSE Nifty declined 348.25 points or 1.96 percent to 17,416.55 Read more

Closing Bell: Sensex crashes 1170 points, Nifty at 17416.55

Closing Bell: Sensex crashes 1170 points, Nifty at 17416.55
Monday, November 22, 2021
At Close, the Sensex was down 1,170.12 points or 1.96% at 58,465.89, and the Nifty was down 348.30 points or 1.96% at 17,416.50 due to selling pressure seen in almost all sectors. Bharti Airtel was the top Sensex gainer, followed by Asian Paints, Power Grid, and IndusInd Bank. Bajaj Finance was the worst-performing Sensex stock, Bajaj Finserv, Reliance Industries, and NTPC. About 842 shares have advanced, 2479 shares declined, and 157 shares are unchanged. Among sectors, the BSE Realty and Energy indices were the major losers, down around 4 percent each. The Bankex, Healthcare, Auto, Consumer Durables, and Oil & Gas indices also plunged over 2 percent each. The BSE Midcap and Smallcap indices were down 2.5 percent and 2.9 percent, respectively.

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

MARKET UPDATE:Sensex tumbled 495 points to hit a low of 59,125 while Nifty gave up 17,700-mark, down 87 points
Monday, November 22, 2021
Indian equity markets started the week on a negative note amid an across-the-board selloff. The frontline S&P BSE Sensex fell 259 points, or 0.43 percent, to quote at 59,377 levels in opening deals. The index extended its decline further and tumbled 495 points to hit a low of 59,125. The Nifty50, on the other hand, gave up 17,700-mark, down 87 points. Shares of RIL dropped 4 percent after the company, late on Friday, called off the deal with the global oil giant Saudi Aramco for a 20 percent stake acquisition by the Saudi firm in the oil to chemicals (O2C) business of the former company. On the upside, Bharti Airtel shares advanced 5 percent after the telecom major revised tariff on prepaid talk-time plans earlier today by 20-25 percent and data top-up plans by 20-21 percent. Read more

Equity, currency, and derivatives markets are closed for trading today (Friday, November 19)

Equity, currency, and derivatives markets are closed for trading today (Friday, November 19)
Friday, November 19, 2021
Equity, currency, and derivatives markets are closed for trading on Friday, November 19 as the Street and the nation observes Guru Nanak Jayanti. Commodity markets are closed for the morning session but will open in the evening. The day marks the last trading holiday for the market in the current calendar year. The market will resume trading on Monday, November 22. Meanwhile, the domestic market tanked sharply in the last three trading sessions, clipping nearly 1,100 points as inflationary pressure dealt heavy blows to the bulls. The weak listing of the mega IPO of Paytm NSE -27.40 % also hit investor confidence. The 30-share pack Sensex dropped 372.32 points or 0.62 percent to close at 59,636.01 on Wednesday. Its broader peer NSE Nifty declined 133.85 points or 0.75 percent to 17,764.80. Read more

Closing Bell: Sensex down 433 points, Nifty at 17764.80

Closing Bell: Sensex down 433 points, Nifty at 17764.80
Thursday, November 18, 2021
At close, the Sensex was down 372 points or 0.62% at 59636.01, and the Nifty was down 133.90 points or 0.75% at 17,764.80 ended lower for the third consecutive session on November 18, with selling seen in auto, metal, IT, pharma, realty names. ITC was the top Sensex gainer, up 1%, followed by State Bank of India, Power Grid, and Titan. In the losses were Mahindra & Mahindra, Maruti Suzuki India, and Dr. Reddy’s. About 997 shares have advanced, 2252 shares declined, and 133 shares are unchanged. All the sectors ended in the red with auto and metal indices losing over 2 percent each. The BSE midcap and smallcap indices fell 1.5 percent each. India VIX was down 0.81 per cent to 14.86 levels. Debutant Paytm had a disappointing outing. The stock was listed at a 9 percent discount at Rs 1,950 when compared to its issue price of Rs 2,150 and went on to extend losses throughout the day. The stock finally ended at the day's low at Rs 1,564 - a huge 27.3 percent discount to its issue price.

Closing Bell: Sensex down 314 points, Nifty at 17898.65

Closing Bell: Sensex down 314 points, Nifty at 17898.65
Wednesday, November 17, 2021
At close, the Sensex was down 314.04 points or 0.52% at 60,008.33, and the Nifty was down 100.50 points or 0.56% at 17,898.70. Asian Paints was the top gainer on Sensex, followed by Maruti Suzuki, Power grid, and NTPC. Reliance Industries was the top laggard, followed by Axis Bank, Kotak Bank, Bharti Airtel, and Titan. About 1382 shares have advanced, 1758 shares declined, and 95 shares are unchanged. Among sectoral indices, the Energy, Realty, and Oil & Gas indices shed 1.8 percent, 1.8 percent, and 1.4 percent, respectively. While selling was also seen in the metal, capital goods, and banking names. The Auto and Power indices were up 0.6 percent each. The BSE Smallcap index managed to end with a wee bit of gains, while the Midcap index slipped 0.2 percent.

Closing Bell: Sensex down 396 points, Nifty at 17999.20

Closing Bell: Sensex down 396 points, Nifty at 17999.20
Tuesday, November 16, 2021
At close, the Sensex was down 396.34 points or 0.65% at 60,322.37, and the Nifty was down 110.30 points or 0.61% at 17,999.20. Reliance Industries Limited was the worst-performing stock on Sensex, followed by State Bank of India, and Ultratech Cement. Maruti Suzuki India was the top gainer on Sensex, followed by Mahindra & Mahindra, Tech Mahindra, and Infosys. About 1496 shares have advanced, 1639 shares declined, and 122 shares are unchanged. Among sectors, the BSE Auto index surged 2.4 percent, The BSE Energy index shed 2.6 percent. The Bankex, Oil & Gas, Pharma, and Realty indices were also down over a percent each. The BSE midcap index was down 0.22 percent, while the smallcap index ended with marginal gains.

MARKET UPDATE:Sensex declined 134 points at 60,585 levels while Nifty dipped 32 points to quote at 18,077-mark

MARKET UPDATE:Sensex declined 134 points at 60,585 levels while Nifty dipped 32 points to quote at 18,077-mark
Tuesday, November 16, 2021
The Indian benchmark indices started in the negative territory today(16th Nov.2021) amid selling in metals and financial counters. The BSE Sensex index declined 134 points, or 0.22 percent, in early deals at 60,585 levels, dragged by Tata Steel, HDFC, Reliance Industries, Axis Bank, Kotak Bank, and Asian Paints. The NSE Nifty50, too, dipped 32 points to quote at 18,077-mark. Meanwhile, the broader MidCap and SmallCap indices on the BSE rose up to 0.2 percent. Among individual stocks, Escorts rose 0.23 percent after the company said its board is scheduled to meet on November 18, to consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ any other securities. Read more

Closing Bell: Sensex ends flat, Nifty at 18109.45

Closing Bell: Sensex ends flat, Nifty at 18109.45
Monday, November 15, 2021
At Close, the Sensex was up 32.02 points or 0.05% at 60718.71, and the Nifty was up 6.70 points or 0.04% at 18109.50. Power Grid Corporation was the top Sensex gainer, followed by ITC, Asian Paints, and Nestle India. Tata Steel was the worst-performing, followed by Mahindra & Mahindra, and Bajaj Auto. About 1218 shares have advanced, 2038 shares declined, and 145 shares are unchanged. The Healthcare index surged 2.1 percent, and the FMCG index was up 0.8 percent. Whereas the Metal index dropped 2.4 percent, and the Telecom index declined 0.7 percent. The BSE Midcap index was up 0.4 percent, while the Smallcap index was down 0.2 percent. India VIX closed 1.64% higher at 15.49 levels.

Closing Bell: Sensex gains 767 points, Nifty at

Closing Bell: Sensex gains 767 points, Nifty at
Friday, November 12, 2021
At close, the Sensex was up 767.00 points or 1.28% at 60,686.69, and the Nifty was up 229.20 points or 1.28% at 18,102.80. Infosys, Housing Development Finance Corporation (HDFC), Reliance Industries Ltd (RIL), Tech Mahindra, and Tata Consultancy Services (TCS) contributed the most to the indices gain. On the other hand, Bajaj Auto, Tata Steel were the major loser. About 1556 shares have advanced, 1628 shares declined, and 143 shares are unchanged. The BSE IT index surged 2 percent. Telecom, Reality, and Power indices were up around 1.5 percent each, while Energy and Capital Goods indices too moved 1.3 percent higher. BSE MidCap index gained 0.6 percent or 150 points to end at 26,369, while BSE SmallCap index was up 0.25 percent or 73 points to settle at 29,232. India VIX, the volatility index, tumbled nearly 7 percent to finish trade at 15.22 levels.

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

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

Closing Bell: Sensex down 433 points, Nifty at 17873.60

Closing Bell: Sensex down 433 points, Nifty at 17873.60
Thursday, November 11, 2021
At close, the Sensex was down 433.13 points or 0.72% at 59,919.69, and the Nifty was down 143.60 points or 0.80% at 17,873.60 on the back of weakness in financial and healthcare shares. Titan Company, Mahindra & Mahindra, Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), IndusInd Bank, and Tata Steel share prices gained despite overall weak market momentum. On the flip side, State Bank of India, Bajaj Finserv, Tech Mahindra, Sun Pharma, Bajaj Finance, Asian Paints, Axis Bank, Kotak Mahindra Bank, Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), Hindustan Unilever Ltd (HUL), ICICI Bank were top Sensex losers. About 1398 shares have advanced, 1769 shares declined, and 139 shares are unchanged. the BSE Realty index plunged 2.5 percent. Nifty Metal and Nifty Consumer Durables ended in the green. While Bank Nifty fell over 1 percent to end at 38,560. Nifty Auto, Nifty Media, Nifty Financial Services, Nifty Pharma, Nifty Realty ended up to 2.3 Read more

Closing Bell: Sensex down 80.63, Nifty at 18017.20

Closing Bell: Sensex down 80.63, Nifty at 18017.20
Wednesday, November 10, 2021
At Close, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20.About 1601 shares have advanced, 1530 shares declined, and 129 shares are unchanged. Bharti Airtel, M&M, Sun Pharma, Reliance Industries Ltd (RIL), ITC, Dr. Reddy’s, Bajaj Finserv were among the top Sensex gainers. On the flip side, IndusInd Bank, Tata Steel, Hindustan Unilever Ltd (HUL), Asian Paints, Titan, HDFC Bank ended in the negative territory. The Metal index shed 2 percent, and the Realty index was down 1.6 percent. On the positive side, the Telecom index jumped 2 percent, and the Energy index was up a percent. The BSE Midcap index declined 0.6 percent, while the Smallcap index ended flat.

Closing Bell: Sensex down 112.16, Nifty at 18044.25

Closing Bell: Sensex down 112.16, Nifty at 18044.25
Tuesday, November 9, 2021
At Close, the Sensex was down 112.16 points or 0.19% at 60,433.45, and the Nifty was down 24.20 points or 0.13% at 18,044.30. Mahindra & Mahindra (M&M), State Bank of India (SBI), Reliance Industries Ltd (RIL), ICICI Bank, IndusInd Bank, Bharti Airtel were top Sensex gainers. On the flip side, HDFC Bank, Housing Development Finance Corporation (HDFC), Titan Company, HCL Tech, ITC were among the top index draggers. Nifty Bank index was down 0.18 percent, while Nifty Financial Services fell 0.7 percent. The Nifty Auto index was the top sectoral gainer, up over 1 percent. The Capital Goods, Energy, and Oil & Gas indices were also up around a percent each. The Metal index, however, was down 0.8 percent. The BSE midcap index was up 0.8 percent and smallcap index rose 0.67 percent.

Central govt policies of unifying rules across states will help the country in the long run : Mark Mobius

Central govt policies of unifying rules across states will help the country in the long run : Mark Mobius
Tuesday, November 9, 2021
Veteran investor Mark Mobius has allocated almost half of his emerging-markets fund to India and Taiwan to help offset a slide in China shares that has dragged down returns from developing nations as a whole. “People say emerging markets look bad because China is dragging down the index, but they have to look at other areas such as India that are going up,” said Mobius, who founded Mobius Capital Partners LLP after a career at Franklin Templeton Investments. Mobius’ bullish view on India clashes with those of analysts at Morgan Stanley and Nomura Holdings Inc., who have downgraded the stock market after the benchmark S&P BSE Sensex Index more than doubled from a March 2020 low. Emerging-market equities have trailed behind their developed-nation peers this year, held back by losses in China as the government has roiled markets with a widespread regulatory crackdown. Read more

MARKET UPDATE: Sensex at 60,531 levels, down 14 points, and Nifty unchanged at 18,068 levels

MARKET UPDATE: Sensex at 60,531 levels, down 14 points, and Nifty unchanged at 18,068 levels
Tuesday, November 9, 2021
Indian benchmark indices started flat, with a negative bias, today(9th Nov.2021) amid profit booking in financial, metals, and FMCG space. In early deals, the 30-pack Sensex index was at 60,531 levels, down 14 points or 0.02 percent. Its NSE counterpart, Nifty50, meanwhile, was unchanged at 18,068 levels. Divi's Labs, ONGC, M&M, Hindalco, and Tata Motors were the top-performing stocks on the 50-share index while Britannia, HDFC, HDFC Bank, Infosys, and Power Grid were the top laggards. On the contrary, the MidCap and SmallCap indices on the BSE were up 0.6 percent and 0.4 percent, respectively. Among individual stocks, TVS Motor Company surged 10 percent in the mid-cap space amid reports that the company is evaluating the possibility of a fund raising exercise for its Electric Vehicle business. Read more

Closing Bell: Sensex gains 478 points, Nifty at 18068.55

Closing Bell: Sensex gains 478 points, Nifty at 18068.55
Monday, November 8, 2021
At Close, the Sensex was up 477.99 points or 0.80% at 60,545.61, and the Nifty was up 151.70 points or 0.85% at 18,068.50. Maruti Suzuki, Kotak Mahindra Bank, L&T, Bharti Airtel, Housing Development Finance Corporation (HDFC), Titan Company were top index gainers. IndusInd Bank, Asian Paints, M&M, Tata Steel, HCL Tech, Reliance Industries Ltd (RIL), TCS, Infosys top Sensex draggers. Except for pharma and bank all other sectoral indices ended in the green with capital goods, PSU Bank, IT, metal, power, oil & gas, and realty indices up 1-2 percent. The BSE Consumer Durables index surged 2.2 percent. The Capital Goods, Oil & Gas, and Power indices were up around 1.5 percent each. The Healthcare index, however, was down 0.7 percent. Nifty Bank fell 0.75 percent, while Nifty Pharma plunged over 2 percent. The BSE Midcap index was up a percent, and the Smallcap index added 0.7 percent.

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

Closing Bell: Sensex down 257 points, Nifty at 17829.20

Closing Bell: Sensex down 257 points, Nifty at 17829.20
Wednesday, November 3, 2021
At close, the Sensex was down 257.14 points or 0.43% at 59,771.92, and the Nifty was down 59.80 points or 0.33% at 17,829.20 for the second straight day on the back of selling pressure in select index heavyweights, like Bharti Airtel, ICICI Bank, and HDFC Bank. Larsen & Toubro Ltd. was the top Sensex gainer, up 4%, followed by Ultratech Cement, Asian Paints, and State Bank of India. Sun Pharma, IndusInd Bank, and Kotak Mahindra Bank were among the top laggards. About 1509 shares have advanced, 1662 shares declined, and 143 shares are unchanged. The BSE Midcap and Smallcap indices were down 0.2 percent and 0.3 percent, respectively. The BSE Capital Goods and Realty indices were up over 2 percent each. On the other hand, The Telecom, Bankex, Auto and Consumer Durables indices declined over a percent each. India VIX closed in the red.

MARKET UPDATE: Sensex up 311 points at 60,340, and Nifty gained 92 points at 17,981

MARKET UPDATE: Sensex up 311 points at 60,340, and Nifty gained 92 points at 17,981
Wednesday, November 3, 2021
The key benchmark indices managed to hover near the highs of the day(3rd Nov.2021) due to buying support in select index heavyweights like - HDFC, Larsen & Toubro, and Infosys. The BSE Sensex was up 311 points at 60,340, and the NSE Nifty had gained 92 points at 17,981. The broader markets were also seen holding gains towards the end of the first hour of trades. The BSE Midcap and Smallcap indices were up 0.5 percent and 0.4 percent, respectively. The breadth too was fairly positive early on, with two advancing shares for every single declining stock on the BSE. Larsen & Toubro was up 3.3 percent at Rs 1,876 and was the top gainer among the Sensex 30 stocks. Tech Mahindra, UltraTech Cement, and Kotak Bank were the other prominent gainers. On the other hand, Sun Pharma has slipped 1.5 percent. Read more

Closing Bell: Sensex ended 109 points lower at 60,029 while Nifty settled with a loss of 41 points at 17,889

Closing Bell: Sensex ended 109 points lower at 60,029 while Nifty settled with a loss of 41 points at 17,889
Tuesday, November 2, 2021
The broader markets outperformed the key benchmark indices in trade today(2nd Nov.2021) on the back of buying in auto and realty shares. The BSE benchmark index, the Sensex, jumped to a high of 60,421 in early trade, but eventually ended 109 points lower at 60,029. The NSE Nifty rallied past the 18,000-mark, in opening deals to a high of 18,012, but soon the rally fizzled and the index dropped to a low of 17,848. The Nifty 50 index finally settled with a loss of 41 points at 17,889. The broader markets outperformed the key benchmark indices with a huge margin. The BSE Midcap index was up 0.6 percent at 25,869, and the Smallcap index surged 1.1 percent to 28,607. The overall market breadth was also fairly positive, with 1,952 advancing shares as against 1,301 declining stocks on the BSE. 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

Closing Bell : High volatility;BSE Sensex ended 678 points lower at 59,307 and Nifty down 185 points at 17,672

Closing Bell : High volatility;BSE Sensex ended 678 points lower at 59,307 and Nifty down 185 points at 17,672
Friday, October 29, 2021
Today(29th Oct.2021) the markets exhibited a high amount of volatility for the second day in a row on the back of unabated selling pressure in select index heavyweights. The BSE Sensex tumbled to a low of 59,089, but eventually ended 678 points lower at 59,307. In the process, the BSE index has now shed 5 percent (2,938 points) from its recent peak of 62,245. The NSE Nifty logged its second straight weekly loss, down 185 points at 17,672. The Nifty has declined 3.8 percent (677 points) in the last two weeks. In intra-day trades on Friday, the 50-share index dipped to a low of 17,613 and was within striking distance of its 50-DMA (Daily Moving Average) at 17,570-odd levels. Read more

MARKET UPDATE: Sensex at 60,962 levels, down 181 points while Nifty at 18,139 levels, down 72 points

MARKET UPDATE: Sensex at 60,962 levels, down 181 points while Nifty at 18,139 levels, down 72 points
Thursday, October 28, 2021
Indian benchmark indices started in the negative territory today(28th Oct.2021), ahead of the monthly F&O expiry later today. In early deals, the BSE Sensex was at 60,962 levels, down 181 points or 0.3 percent led dragged by Titan, ICICI Bank, and ITC. Its NSE counterpart Nifty50 was at 18,139 levels, down 72 points or 0.4 percent. In the broader markets, the BSE MidCap and SmallCap indices slipped up to 0.34 percent. Among individual stocks, shares of ITC dipped 2 percent after the cigarette-to-hotels major reported a 10.09 percent YoY increase in consolidated profit at Rs 3,763.73 crore in the September quarter of FY22, led by a recovery across segments. Meanwhile, Titan shed 4 percent after the jewelry firm's net profit jumped 270.5 percent to Rs 641 crore in Q2FY22 when compared to Rs 173 crore during the same period last year at a consolidated level, riding on recovery in demand across its consumer businesses. Read more

Today's Market Movers

Today's Market Movers
Wednesday, October 27, 2021
The 65 percent decline in Maruti Suzuki Q2 profit could not drag the auto stock any further. Instead, the stock rose 0.40 percent, on a bad day for the market, to close at Rs 7,325.20 on the BSE. The company said adverse commodity prices and lower sales volume due to electronic component shortages impacted its performance in the September quarter. What might have lifted sentiment is the fact that the company had more than 2,00,000 pending customer orders at the end of the quarter. Analyst views are awaited though. Asian Paints climbed 4.43 percent to Rs 3,094.40 after a couple of brokerages said their interactions with dealers suggest the paintmaker plans to execute another 15-45 percent price increase, effective November 12. This is in addition to the recent 7.5 percent price increases, they said. Read more

MARKET UPDATE: Sensex up 37 points at 61,387 levels and Nifty at 18,284 levels, up 16 points

MARKET UPDATE: Sensex up 37 points at 61,387 levels and Nifty at 18,284 levels, up 16 points
Wednesday, October 27, 2021
Healthy corporate earnings and tepid trading among Asian markets, led to a volatile start for benchmarks in Indian markets today(26th Oct.2021). In early deals, the frontline BSE Sensex was trading at 61,387 levels, up 37 points, supported by Asian Paints, Dr. Reddy's Labs, and ITC. The Nifty50, on the other hand, was at 18,284 levels, up 16 points. Among individual stocks, Axis Bank slipped nearly 4 percent amid profit booking after the private lender posted its highest-ever quarterly profit of Rs 3,133 crore, backed by robust growth in fee income and a sharp fall in provisions. Bajaj Finance was also down 3 percent on profit booking after Q2 consolidated net jumped 53 percent to Rs 1,481 crore for the quarter ended September on healthy interest income. Total income rose 19 percent YoY to Rs 7,732 crore. Read more

Closing Bell: Sensex ended 383 points higher at 61,350 while Nifty with a gain of 143 points settlled at 18,268

Closing Bell: Sensex ended 383 points higher at 61,350 while Nifty with a gain of 143 points settlled at 18,268
Tuesday, October 26, 2021
The key benchmark indices gyrated between zones in trade day before firming up in the latter half of the trading session taking cues from the broader markets. The BSE Sensex opened marginally higher at 60,997 but soon jumped to a high of 61,405. The BSE index thereafter slipped into the negative zone on account of weakness in select index heavyweights only to bounce back in the green. Aggressive buying towards the fag end of the trading day, saw the Sensex jump to a high of 61,498, and finally, end 383 points higher at 61,350. The NSE Nifty moved in a range of 211 points, between a high of 18,310 and a low of 18,099, before settling with a gain of 143 points at 18,268. Read more

MARKET VIEW: Broader market tide is receding

MARKET VIEW: Broader market tide is receding
Tuesday, October 26, 2021
According to experts, there are two important trends in the market now. One, there is selling pressure in the broader market. While Nifty is up 1.52 % for the last one month, Nifty Small-cap is down 1.11%. Nifty Mid-cap is down 8% from its peak. Two, FIIs are continuously selling in the market; they have sold Rs 10300 cr worth equity in the last 5 days in the cash market. If this FII selling sustains that would be a major drag on the market. The 8% correction in the mid-cap space is not getting reflected in the large-cap indices. The run-up in many micro-caps and penny stocks has been totally irrational. There are clear signs of the broader market tide receding.

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 down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points

MARKET UPDATE:Sensex down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points
Monday, October 25, 2021
The Indian markets were off to a volatile start today(25th Oct.2021) as investors assessed the September quarter results of index heavyweights. Meanwhile, the choppy Asian market mood also rubbed off on investor sentiment back home. At 9.30 am, Sensex was down 115 points at 60,706 while Nifty was below the 18,100 mark, down 60 points. Nifty Realty was the worst sectoral performer, followed by Pharma, IT, and FMCG. The banking and financial sectors held ground in an otherwise weak market. Broader markets tumbled in tandem with benchmarks, while the volatility index, India VIX, spiked 5%. Read more

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points

MARKET UPDATE:Volatile market;Sensex at 61,327 levels, up 403 points while the Nifty at 18,281 level, up 103 points
Friday, October 22, 2021
The Indian benchmark indices are holding on to their opening highs, although some pressure in the metal space is capping gains. At 10:05 AM, the BSE Sensex index was at 61,327 levels, up 403 points or 0.66 percent. It touched an intra-day high of 61,420 levels earlier today (22nd Oct.2021). NSE Nifty, too, was off the morning high of 18,314 level, and quoted at 18,281 level, up 103 points. Among individual stocks, shares of the Indian Energy Exchange (IEX) rallied 10 percent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1. The stock, however, partially pared gains and was trading 4 percent higher at Rs 789.15 on the BSE.

Closing Bell :Sensex down 337, Nifty at 18178.10

Closing Bell :Sensex down 337, Nifty at 18178.10
Thursday, October 21, 2021
At Close, the Sensex was down 336.46 points or 0.55% at 60,923.50, and the Nifty was down 88.50 points or 0.48% at 18,178.10. Kotak Mahindra Bank rallied 6.5% to close as the top Sensex gainer, followed by HDFC, ICICI Bank, NTPC, and State Bank of India. Asian Paints, Reliance Industries, and Infosys were the worst performing Sensex constituents. About 1580 shares have advanced, 1627 shares declined, and 130 shares are unchanged. Among sectors, the Nifty Bank gained 1.7 percent, PSU Bank, auto, oil & gas, and power indices ended in the green, while metal, IT, energy, and FMCG indices ended lower. The BSE Midcap and Smallcap indices were down 0.4 percent and 0.7 percent, respectively.

MARKET UPDATE:Volatile market;Sensex, touched a high of 61,621 in opening trades, and then slipped to a low of 61,164while the Nifty more or less unmoved at 18,267

MARKET UPDATE:Volatile market;Sensex, touched a high of 61,621 in opening trades, and then slipped to a low of 61,164while the Nifty more or less unmoved at 18,267
Thursday, October 21, 2021
The BSE Sensex touched a high of 61,621 in opening trades and then slipped to a low of 61,164. The 30-share index was now down 21 points at 61,239. The NSE Nifty was more or less unmoved at 18,267. Experts say that the ongoing market correction is not an overreaction and can sustain in the near term due to high valuations. However, in the future Indian corporates will benefit from the reforms & China plus one strategy which happened during 2020-21. Alongside, the long-term economy & market trend is intact due to further re-opening of the economy, low-interest cycle, and fiscal & private spending. This correction will give leeway for value-buying, defensives, and upcoming stocks & sectors that evolved from this new demand. Read more

Closing Bell: Sensex down 456 points, Nifty at 18266.60

Closing Bell: Sensex down 456 points, Nifty at 18266.60
Wednesday, October 20, 2021
At close, the Sensex was down 456.09 points or 0.74% at 61,259.96, and the Nifty was down 152.20 points or 0.83% at 18,266.60 on account of profit-taking in metals, energy, capital goods, and consumer-related stocks like FMCG, durables, and discretionary goods & services. Bharti Airtel was the top gainer on Sensex, gaining 4%, followed by State Bank of India, IndusInd Bank, and Bajaj Finance. Titan was the worst-performing Sensex stock, falling 2.62%, followed by HUL, NTPC, and Bajaj Finserv. About 877 shares have advanced, 2351 shares declined, and 115 shares are unchanged. The BSE Midcap index shed 1.9 percent at 25,915, and the Smallcap index tumbled 2.3 percent to 28,879. The BSE Consumer Durables index plunged 3.3 percent. The Basic Materials, Utilities, and Metal indices dropped 2.3-2.5 percent each. The Power and Realty indices were down around 2 percent each, while the FMCG and Industrials declined 1.5 percent. The BSE Telecom index, however, gained 3 percent at 1,797.

MARKET UPDATE:Volatile market;Sensex up 394 points at 62,159 and the Nifty down 64 points at 18,355

MARKET UPDATE:Volatile market;Sensex up 394 points at 62,159 and the Nifty down 64 points at 18,355
Wednesday, October 20, 2021
The Indian benchmark indices opened a quiet note amid positive global cues today(20th Oct.2021). The BSE Sensex opened 84 points higher at 61,800, and after touching a high of 61,873, the index soon slipped into the negative zone. The BSE Sensex was down 164 points at 61,553. The NSE Nifty touched a high of 18,458 but was down 64 points at 18,355. Among the Sensex 30 stocks, Tata Steel has slipped 1.5 percent. Asian Paints, Bajaj Finserv, Bajaj Auto, IndusInd Bank, and NTPC are the prominent losers. On the other hand, Nestle India, Larsen & Toubro, HCL Technologies, Infosys, and Bajaj Finance were up marginally. In the broader market, IRCTC has hit the 10 percent lower circuit at Rs 4,830. The stock had crossed the Rs 1 trillion mark yesterday in intraday deals after it hit a fresh all-time high at Rs 6,393. Mastek and Indian Energy Exchange (IEX) have also tumbled over 10 percent each. Read more

Closing Bell: Sensex down 50 points, Nifty at 18418.75

Closing Bell: Sensex down 50 points, Nifty at 18418.75
Tuesday, October 19, 2021
At close, the Sensex was down 49.54 points or 0.08% at 61716.05, and the Nifty was down 58.20 points or 0.31% at 18418.80. Tech Mahindra was the top index gainer, followed by Larsen & Toubro, Infosys, and Bajaj Finserv. ITC was the top loser on Sensex, followed by HUL, Titan, and Tata Steel. About 959 shares have advanced, 2321 shares declined, and 122 shares are unchanged. The Nifty IT index is up 2.35 percent, the Nifty Realty is down 4.8 percent, the PSB index down3.7 percent, and the FMCG index down3 percent. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each, India VIX gained 1.11%.

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.

Closing Bell: Sensex gains 459 points, Nifty at 18477.05

Closing Bell: Sensex gains 459 points, Nifty at 18477.05
Monday, October 18, 2021
At close, the Sensex was up 459.64 points or 0.75% at 61,765.59, and the Nifty was up 138.50 points or 0.76% at 18,477. Tech Mahindra, Tata Steel, ICICI Bank, ITC, and Maruti were the top prominent gainers. On the other hand, HCL Technologies and Mahindra & Mahindra were the losers followed by Dr. Reddy's, Asian Paints and Bajaj Auto were the other notable losers. About 1677 shares have advanced, 1563 shares declined, and 127 shares are unchanged. Bank Nifty zoomed 0.87% and closed at 39,684. Except for pharma, all other sectoral indices ended in the green with Metal, Power, and PSU Bank indices added 2-4 percent. The BSE Midcap index was up a percent at 26,952, and the Smallcap index added 0.7 percent to 30,101. India VIX jumped 9% to end at 17.19 levels.

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

Closing bell: Sensex gains 452 points, Nifty at 18161.75

Closing bell: Sensex gains 452 points, Nifty at 18161.75
Wednesday, October 13, 2021
At close, the Sensex was up 452.74 points or 0.75% at 60,737.05, and the Nifty was up 169.80 points or 0.94% at 18,161.80 for the fifth straight session on Wednesday as macroeconomic tailwinds put stocks in top gear. Tata Motors, Ashok Leyland, M&M, and Bharat Forge were the top gainers in today's Sensex pack. Maruti Suzuki, ONGC, Coal India, SBI Life Insurance, and HUL were among the big losers. About 1602 shares have advanced, 1504 shares declined, and 118 shares are unchanged. The BSE MidCap index closed with gains of 1.62 percent after hitting a fresh lifetime high of 26,590 in the intra-day trade. The BSE SmallCap index, meanwhile, up 0.6 percent, after hitting a new peak of 29,846 in the intra-day session. The Nifty Realty index ended the session in the green led by the Nifty Auto index up 3.4 percent. While energy, infra, IT, metal, power, and capital goods indices are up 1 percent each.

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075

Sensex opened with a positive gap of 336 points at 60,620 and was quoted at 60,505 while Nifty up 83 points at 18,075
Wednesday, October 13, 2021
The Indian markets opened on a positive note today (13th Oct.2021), with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent. The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075. Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility. Read more

MARKET UPDATE:Sensex down 83 points at 60,052 levels while Nifty down 10 points at 17,936

MARKET UPDATE:Sensex down 83 points at 60,052 levels while Nifty down 10 points at 17,936
Tuesday, October 12, 2021
The markets were exhibiting volatility in early morning trade today (12th Oct.2021), amid negative gloabl cues and stock specific trading action. The BSE Sensex touched a low of 59,992 in the opening deals, but soon recovered losses and jumped to a high of 60,264. The Sensex, however, could not hold gains for long, and slipped back into the negative zone, down 83 points at 60,052.The NSE Nifty 50 index was down 10 points at 17,936. The broader markets, however, were holding some gains. The BSE Midcap was up 0.1 per cent at 26,000, and the Smallcap index was up 0.2 per cent at 29,555. IT stocks continued to reel under selling pressure for the second straight day. The BSE IT index was down 0.4 per cent at 34,600. The BSE Realty index is the other major loser, down 0.8 per cent at 4,177. Read more

Domestic benchmark indices regained their charm after initial weakness

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

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

MARKET UPDATE:Sensex drops 100 points, Nifty at 17,875
Monday, October 11, 2021
The renewed strength in the equity market, which got a boost from the Reserve Bank of India (RBI) persisting with its accommodative monetary policy on Friday,8th October, could push the Nifty past the 18,000-mark in the days ahead. While investors will shift focus to September quarter earnings season starting this week, analysts warn that disappointments could take the wind out of their sails as stronger profits are seen as imperative to justify elevated share valuations. On 8th October (Friday), the Sensex reclaimed the 60,000 and the Nifty ended 0.6% shy of 18,000,though the market gave up a portion of early gains sparked by the Indian central bank's continued monetary support. Both indices had gained 2% last week, shrugging off global concerns over the likelihood of persistent high inflation, which is putting upward pressure on US bond yields.

Closing Bell: Sensex gains 381 points, Nifty at 17895.20

Closing Bell: Sensex gains 381 points, Nifty at 17895.20
Friday, October 8, 2021
At close, the Sensex was up 381 points or 0.64% at 60059.06, and the Nifty was up 104.9 points or 0.59% at 17790.30 for the second consecutive session and as a result, the market closed higher in four out of five sessions this week, driven by positive global cues, and RBI policy, and ahead of September quarter earnings. Reliance Industries Ltd was the biggest gainer followed by Infosys, Tech Mahindra, HCL Tech, Tata Consultancy Services (TCS), L&T, Tata Steel, among others. On the flip side, NTPC, Hindustan Unilever Ltd (HUL), Maruti Suzuki, Dr. Reddy’s, Titan Company, Kotak Mahindra Bank were among index laggards. Bank Nifty gained 0.6 percent, Nifty Auto was up 0.4 percent while Nifty IT soared 2 percent, and Nifty PSU Bank index 1.65 percent. The BSE MidCap index ended 0.15 percent higher and the BSE SmallCap index added 0.92 percent.

MARKET UPDATE:Sensex up 432 points to 60,110 while Nifty advanced 126 points to 17,917

MARKET UPDATE:Sensex up 432 points to 60,110 while Nifty advanced 126 points to 17,917
Friday, October 8, 2021
Indian domestic benchmark equity indices extended their gains today(8th Oct.2021), led by strong global cues and RBI's decision to maintain status quo. Auto and metal stocks saw buying while realty names were under pressure. “The market looks very volatile at the current position. We advise investors to book partial profits and keep a bit of cash balance in hand," said a expert. After opening in the green, benchmark indices maintained the lead. At 10.45 am, BSE flagship Sensex was up 432 points or 0.72 per cent to 60,110. NSE benchmark Nifty advanced 126 points or 0.71 per cent to 17,917. Read more

Key factors driving today's market rally

Key factors driving today's market rally
Thursday, October 7, 2021
Tata Motors, IndusInd Bank, Eicher Motors, ICICI Bank, SBI Life Insurance, and Reliance Industries were among other gainers.ONGC was the top loser in the pack, down 2.17 percent. Divi’s Labs and Britannia Industries were among those that traded in the red. FACTORS DRIVING MARKETS: Crude oil cools off: Oil prices dropped back from multi-year highs hit a day earlier, having been a major contributor to this week's equities sell-off. Gas prices also fell, a day after Russian leaders indicated that supply to Europe could increase. Read more

Closing Bell: Sensex gains 488 points, Nifty at 17790.35

Closing Bell: Sensex gains 488 points, Nifty at 17790.35
Thursday, October 7, 2021
At close, the Sensex was up 488.10 points or 0.82% at 59677.83, and the Nifty was up 144.30 points or 0.82% at 17790.30..Titan was the top Sensex gainer, followed by IndusInd Bank, Mahindra & Mahindra, and Asian Paints. ONGC, Dr. Reddy's Labs, Coal India, Britannia HDFC Bank, and HDFC were the only two laggards on Sensex. About 2096 shares have advanced, 1023 shares declined, and 119 shares are unchanged. Except for oil & gas, all other sectoral indices ended in the green, with Nifty realty and auto indices rising 4-6 percent. The BSE MidCap and SmallCap indices added 1.7 percent and 1.4 percent, respectively. The volatility index, India VIX, meanwhile fell nearly 7 percent.

Sensex soared 576 points at 59,766 levels while Nifty aadvanced 168 points to quote at 17,814

Sensex soared 576 points at 59,766 levels while Nifty aadvanced 168 points to quote at 17,814
Thursday, October 7, 2021
Indian benchmark indices mirrored trends in Asian markets and posted solid gains today. The frontline S&P BSE Sensex soared 576 points, or 0.97 percent, at 59,766 levels in early deals today led by Titan Company (up 9 percent), IndusInd Bank, Asian Paints, M&M, SBI, Reliance Industries, and ICICI Bank.Nifty50, meanwhile, advanced 168 points to quote at 17,814. In the broader markets, the BSE MidCap and SmallCap indices rallied 1 percent and 1.3 percent, respectively. The broader markets have also started the day on a firm note, with the BSE Midcap and Smallcap indices up over a percent each. Here's a detailed view of the broader indices on the BSE. Read more

Closing Bell: Sensex down 555 points, Nifty at 17646.00

Closing Bell: Sensex down 555 points, Nifty at 17646.00
Wednesday, October 6, 2021
At close, the Sensex was down 555.15 points or 0.93% at 59,189.73, and the Nifty was down 176.30 points or 0.99% at 17,646. Hindalco, SBI Life, IndusInd Bank, JSW Steel, and Tata Steel were among the major losers on the Nifty. Tata Consumer, ONGC, UPL, Britannia, and HDFC Bank were among the major gainers. About 1291 shares have advanced, 1754 shares declined, and 115 shares are unchanged.BSE Midcap index plunged 1.22 percent, BSE SmallCap index fell 158 points or 0.55 percent Sectorally, Bank Nifty index fell over half a percent to end at 37,522. all sectoral indices ended in the red with capital goods, IT, metal, pharma, auto, realty and PSU Bank indices falling in the 1-3 percent range. India VIX, volatility index, jumped 5.70 percent

Closing Bell: Sensex gains 445 points, Nifty at 17822.30

Closing Bell: Sensex gains 445 points, Nifty at 17822.30
Tuesday, October 5, 2021
At close, the Sensex was up 445.56 points or 0.75% at 59,744.88, and the Nifty was up 131 points or 0.74% at 17,822.30 ended higher in the second consecutive session on October 5 amid mixed global cues. IndusInd Bank was the top Sensex gainer, followed by Bharti Airtel, HCL Technologies, and Reliance Industries. Sun Pharma was the top loser, followed by ITC, Power Grid, and Ultratech Cement. About 2025 shares have advanced, 1184 shares declined, and 154 shares are unchanged. Barring bank, realty, and pharma, all other sectoral indices ended in the green led by oil & gas, power, and IT indices. BSE midcap and smallcap indices rose 0.33 percent and 0.54 percent, respectively.

MARKET UPDATE:Sensex down 100 points at 59,199 while Nifty fell 23 points to 17,667

MARKET UPDATE:Sensex down 100 points at 59,199 while Nifty fell 23 points to 17,667
Tuesday, October 5, 2021
The Indian domestic benchmark indices opened lower today(5th October 2021) amid weak global cues. The Sensex was down 100 points or 0.12% at 59,199. The Nifty, meanwhile, fell 23 points to 17,667. Top gainers in the 50-pack index were ONGC, IOC, UPL, and Maruti Suzuki. Top losers included Cipla, Bajaj Finserv, and Sun Pharma. On the sectoral front, barring Nifty Media, FMCG, and auto, all indices were trading in the red. However, broader markets were in the green, with the Nifty Midcap 100 rising 0.06 percent and the Smallcap 100 up by 0.39 percent.

Closing Bell:Sensex gains 533 points, Nifty at 17691.25

Closing Bell:Sensex gains 533 points, Nifty at 17691.25
Monday, October 4, 2021
At close, the Sensex was up 533.74 points or 0.91% at 59,299.32, and the Nifty was up 159.30 points or 0.91% at 17,691.30 snapped their four-day losing streak.NTPC was the top Sensex gainer on Monday, followed by Bajaj Finserv, State Bank of India, and Bajaj Finance. Bajaj Auto was the worst-performing stock, followed by HUL and Nestle India. About 2227 shares have advanced, 961 shares declined, and 172 shares are unchanged. The BSE Midcap and BSE Smallcap indices gained1.51 percent and 1.71 percent, respectively. All Nifty indices ended in the green with the Nifty Metal, Media, Realty, and PSU Bank indices rising over 2 percent each.

MARKET UPDATE:Sensex up 350 points at 59,123 and Nifty up 100 points at 17,634

MARKET UPDATE:Sensex up 350 points at 59,123 and Nifty up 100 points at 17,634
Monday, October 4, 2021
The Indian benchmark indices kicked off the week on an upbeat note amid mixed cues from global markets. The Sensex was up 350 points at 59,123. The Nifty, meanwhile, was up 100 points at 17,634. Top gainers on the 50-pack index include Divi's Lab, Tata Motors, M&M, and NTPC. Grasin, JSW Steel, Eicher Motors, and Nestle India remain top laggards. The broader indices, too, opened in the positive territory with the Nifty Midcap 100 up 0.7 percent and the Smallcap 100 0.09 percent. The volatility indicator-India VIX-rose by 1.6 percent at 17.48 level.

Closing Bell:Sensex falls 360 points, Nifty at 17532.05

Closing Bell:Sensex falls 360 points, Nifty at 17532.05
Friday, October 1, 2021
At close, the Sensex was down 360.78 points or 0.61% at 58,765.58, and the Nifty was down 86.20 points or 0.49% at 17,532.00. Bajaj Finserv, Maruti Suzuki, Asian Paints, Bajaj Finance, Bharti Airtel, Housing Development Finance Corporation (HDFC), NTPC, Tata Consultancy Services (TCS) were top index draggers. On the flip side, M&M, Dr. Reddy’s Laboratories, UltraTech Cement, Power Grid Corporation of India, Reliance Industries Ltd (RIL), Bajaj-Auto were among the top Sensex gainers. About 1716 shares have advanced, 1373 shares declined, and 150 shares are unchanged. On the sectoral front, the Nifty Realty index fell 1.5 percent and Bank Nifty was down over half a percent. While Nifty Pharma was up nearly one percent. Buying was seen in the pharma, metal, PSU Bank, and energy sectors. Some selling was seen in the reality, bank, and IT sectors.BSE midcap and smallcap indices ended with little change.

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

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

MARKET UPDATE:Sensex sheds around 100 pts, Nifty tests 17,700

MARKET UPDATE:Sensex sheds around 100 pts, Nifty tests 17,700
Thursday, September 30, 2021
The Indian benchmark indices looked set to extend their fall to the third day in a row amid a host of weak macro cues. Also, volatility could remain high on account of monthly F&O expiry. At 8.15 am, SGX Nifty was trading 50 points down at 17,655. The US markets traded with caution on Wednesday amid crude oil disruptions, inflation, and ongoing debt ceiling debate. Overnight, the Dow Jones and S&P 500 index bounced back a wee bit in green, but Nasdaq however, ended 0.3 percent lower. This morning, the Asian markets are trading on a mixed note. Shanghai and Straits Times are up, while Nikkei and Hang Seng are down.

Closing Bell: Sensex falls 254 points, Nifty at 17711.30

Closing Bell: Sensex falls 254 points, Nifty at 17711.30
Wednesday, September 29, 2021
At close, the Sensex was down 254.33 points or 0.43% at 59,413.27, and the Nifty was down 37.30 points or 0.21% at 17,711.30. NTPC was the top Sensex gainer, followed by PowerGrid, Sun Pharma, and SBI. HDFC, Ultratech Cement, and Asian Paints were the worst performing Sensex stocks. About 1830 shares have advanced, 1371 shares declined, and 151 shares are unchanged. The power, metal, pharma, and realty indices added 1-3.5 percent, while selling was seen in the auto, bank, capital goods, FMCG names. Midcap and smallcap indices outperformed the benchmark, closing with gains. India VIX was 1.62% higher at the end of the day’s trade.

Closing Bell: Sensex down 410 points, Nifty at 17748.60

Closing Bell: Sensex down 410 points, Nifty at 17748.60
Tuesday, September 28, 2021
At close, the Sensex was down 410.28 points or 0.68% at 59,667.60, and the Nifty was down 106.50 points or 0.60% at 17,748.60. HDFC Bank, Bharti Airtel, HCL Tech, Infosys, Asian Paints, Tech Mahindra, TCS, Bajaj Finserv were among the top Sensex draggers. Power Grid Corporation of India, NTPC, Titan Company, RIL, Tata Steel were top Sensex gainers. About 1463 shares have advanced, 1715 shares declined, and 164 shares are unchanged. On the sectoral front, Bank Nifty plunged over 2 percent after hitting a fresh record high. Nifty Realty index tumbled 4.5 percent.IT fell 2 percent. while power, oil & gas, and metal indices ended in the green.BSE midcap and smallcap indices ended lower with each down over 0.5 percent.

Closing Bell: Sensex gains 29 points, Nifty at 17855.10

Closing Bell: Sensex gains 29 points, Nifty at 17855.10
Monday, September 27, 2021
At close, the Sensex was up 29.41 points or 0.05% at 60077.88, and the Nifty was up 1.90 points or 0.01% at 17855.10. Reliance Industries Ltd, HDFC Bank, Maruti Suzuki, ICICI Bank, M&M contributed the most to the indices’ gain. while losers included HCL Technologies, Divis Labs, Wipro, Tech Mahindra, and Bajaj Finserv.About 1592 shares have advanced, 1682 shares declined, and 176 shares are unchanged. Nifty IT tumbled 2.88 percent, followed by Nifty Pharma that lost 0.93 percent, and Nifty FMCG that declined 0.90 percent. On the other hand, auto stocks gained 3.22 percent higher. Nifty Realty and Media were among other top gainers. While real estate stocks continued to gain traction amid increased demand, the media stocks rallied as Maharashtra allowed the opening of cinema halls. The BSE Midcap closed flat and BSE Smallcap down 0.13 percent. India VIX, the volatility index, jumped nearly 7 per cent to end at 18.05 levels.

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).

Closing Bell:Sensex gains 958 points, Nifty at 17822.95

Closing Bell:Sensex gains 958 points, Nifty at 17822.95
Thursday, September 23, 2021
At close, the Sensex was up 958.03 points or 1.63% at 59,885.36, and the Nifty was up 276.30 points or 1.57% at 17,823 on the back of positive global cues with the benchmark Sensex nearing the 60,000-mark. Bajaj Fin service, Larsen & Toubro (L&T), Housing Development Finance Corporation (HDFC), Axis Bank, IndusInd Bank, State Bank of India (SBI) were top Sensex gainers. On the contrary, only Dr. Reddy’s Laboratories, Nestle India, and ITC were the index laggards. About 1866 shares have advanced, 1305 shares declined, and 148 shares are unchanged. The realty index gained nearly 9 percent, while IT, metal, capital goods, oil & gas indices rose 1 percent each. Bank Nifty rallied 2.24 percent. BSE midcap and smallcap indices rose 1 percent each. India VIX gained less than a percent to end at 16.60 levels.

ITC stock hits 21-month high as the Co regains Rs 3-trillion market cap

ITC stock hits 21-month high as the Co regains Rs 3-trillion market cap
Wednesday, September 22, 2021
ITC's market capitalisation returned to Rs 3 trillion marks today(22nd Sept.2021) after its stock hit a 21-month high on the bourses. The stock hit an intra-day high of Rs 244.70, up 1 percent on the BSE today, and was trading at its highest level since December 2019. In the past week, ITC has outperformed the market by surging 13 percent on expectations of an improvement in the company’s businesses. In comparison, the S&P BSE Sensex was up 0.62 percent during the week. At 01:55 pm, ITC’s market cap stood at Rs 2.999 trillion on the BSE, exchange data shows. Read more

Closing Bell: Sensex down 77.94, Nifty at 17546.65

Closing Bell: Sensex down 77.94, Nifty at 17546.65
Wednesday, September 22, 2021
At close, the Sensex was down 77.94 points or 0.13% at 58,927.33, and the Nifty was down 15.30 points or 0.09% at 17,546.70. Tech Mahindra was the top Sensex gainer, followed by Mahindra & Mahindra, HCL Technologies, and Bajaj Auto. On the other hand, HDFC was the worst-performing Sensex constituent, followed by Nestle India, ICICI Bank, and HUL. About 2047 shares have advanced, 1113 shares declined, and 162 shares are unchanged. Nifty Realty index was another top performer, notching 8.45 percent returns. All stocks from the realty pack also settled in the green amid a strong demand outlook, the Nifty Media pack surged 13.57 percent. Nifty Financial Services, Bank, Private Bank, and FMCG were the only losers. The BSE midcap and smallcap indices rose 1 percent each.

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

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

Closing Bell: Sensex gains 514 points, Nifty at 17562.00

Closing Bell: Sensex gains 514 points, Nifty at 17562.00
Tuesday, September 21, 2021
At close, the Sensex was up 514.34 points or 0.88% at 59,005.27, and the Nifty was up 165.10 points or 0.95% at 17,562, the benchmark indices stabilized in the afternoon trade, logging a smart rebound post two days of selling. Bajaj Finance was the top Sensex gainer, followed by IndusInd Bank, Tata Steel, ITC, Hindustan Unilever, Asian Paints, NTPC, Bajaj Finance, and Reliance Industries. Maruti Suzuki India was the worst performer, followed by Bajaj Auto, BPCL, Hero MotoCorp.Except for power and auto, all other sectoral indices ended in the green, with the reality, IT, and metal indices up 2-3 percent. BSE midcap index rose nearly 1 percent, while smallcap index was up 0.2 percent. India VIX was down with losses.

MARKET UPDATE:BSE Sensex rose 265 points to 58,710 while Nifty added 58 points to trade above 17,450 levels

MARKET UPDATE:BSE Sensex rose 265 points to 58,710 while Nifty added 58 points to trade above 17,450 levels
Tuesday, September 21, 2021
The Indian benchmark indices today(21st Sept.2021) rose, defying the weak global market sentiment, tracking gains in IT majors and Reliance Industries. The BSE Sensex rose 265 points to 58,710 while the NSE Nifty added 58 points to trade above 17,450 levels. HCL Tech, Tech Mahindra, TCS, and Asian Paints were among the top gainers in the Sensex pack of stocks. On the other hand, Nestle, Maruti, and Ultratech Cement were the only losers. The broader indices traded in tandem with the benchmarks. The BSE Midcap index added 0.31 percent and the BSE Smallcap 0.25 percent.

Risk-reward ratio turning unfavourable at the current levels of Indian markets: Experts

Risk-reward ratio turning unfavourable at the current levels of Indian markets: Experts
Monday, September 20, 2021
Last week the Sensex almost touched 60,000, while the Nifty edged closer to 18,000. These levels would have been difficult to fathom when the Sensex dropped below 26,000 and the Nifty fell to 7,500-levels on March 23, 2020, at the peak of the Covid-19 sell-off. Market experts point out that such low levels were an aberration and one should not look at the gains made from these levels. But even from the valuation standpoint, stocks, across the board, are expensive. The bullish sentiment, especially towards Indian equities, stems from factors, such as the easy monetary stance of the US Fed and other central banks, the hope of strong revival in the economy and corporate earnings, strong domestic and retail flows, and reallocation of foreign flows due to the regulatory crackdown in China. Experts warn investors against going overboard as they see the risk-reward ratio turning unfavourable at the current levels.

Closing Bell: Sensex down 525 points, Nifty at 17396.90

Closing Bell: Sensex down 525 points, Nifty at 17396.90
Monday, September 20, 2021
At close, the Sensex was down 524.96 points or 0.89% at 58,490.93, and the Nifty was down 188.30 points or 1.07% at 17,396.90 for the second day spooked by a possible spillover of China's Evergrande's debt woes, fall in commodity prices and ahead of US Federal Reserve policy meet outcome. About 995 shares have advanced, 2308 shares declined, and 132 shares are unchanged. Hindustan Unilever was the top Sensex gainer followed by Bajaj Finserv and ITC. Tata Steel was the top loser, followed by the State Bank of India, IndusInd Bank, and HDFC. Barring the Nifty FMCG index all indices ended in red. Nifty Metal tumbled the most followed by the Nifty PSU Bank index, down 6.6 percent and 4.18 percent, respectively. Nifty Realty, Bank, Pharma also tanked nearly 2 percent each. The BSE Midcap index plunged 1.84 percent and the BSE Smallcap 1.8 percent. India VIX zoomed 14.85% during the day to close at 17.49.

Risk-reward ratio turning unfavourable at the current levels of Indian markets: Experts

Risk-reward ratio turning unfavourable at the current levels of Indian markets: Experts
Monday, September 20, 2021
Last week the Sensex almost touched 60,000, while the Nifty edged closer to 18,000. These levels would have been difficult to fathom when the Sensex dropped below 26,000 and the Nifty fell to 7,500-levels on March 23, 2020, at the peak of the Covid-19 sell-off. Market experts point out that such low levels were an aberration and one should not look at the gains made from these levels. But even from the valuation standpoint, stocks, across the board, are expensive. The bullish sentiment, especially towards Indian equities, stems from factors, such as the easy monetary stance of the US Fed and other central banks, the hope of strong revival in the economy and corporate earnings, strong domestic and retail flows, and reallocation of foreign flows due to the regulatory crackdown in China. Experts warn investors against going overboard as they see the risk-reward ratio turning unfavourable at the current levels.

MARKET UPDATE:BSE Sensex trading 140 points down at 58,870 level while Nifty reclaimed the 17,500 mark but down 45 points

MARKET UPDATE:BSE Sensex trading 140 points down at 58,870 level while Nifty reclaimed the 17,500 mark but down 45 points
Monday, September 20, 2021
Today's session (20th Sept.2021) was kicked off on a gap-down note and the benchmark indices recouped some losses amid buying in FMCG and IT shares. The BSE Sensex was trading 140 points down at 58,870 level while Nifty50 reclaimed the 17,500 marks but was down 45 points. Financials, private banks, and metal stocks were among the worst drags in the opening session. The broader markets, too, declined, underperforming benchmarks. Both the BSE Midcap and Smallcap indices dropped over 1 percent. In sectoral space, all indices, barring the Nifty FMCG pack, traded in the red. Nifty Metal tumbled the most, down 3 percent. Meanwhile, PSU Bank, Private Bank, Bank, and Auto indices too shed over 1 percent each.

Closing Bell:Sensex down 125 points, Nifty at 17585.15

Closing Bell:Sensex down 125 points, Nifty at 17585.15
Friday, September 17, 2021
At Close, Sensex closed 125 points, or 0.21 percent, lower at 59,015.89 while the Nifty finished at 17,585.15, down 44 points, or 0.25 percent, from record-high levels to snap their three-day winning run amid losses in RIL, IT stocks, and select banking counters. ITC, Bajaj Finance, Tata Consultancy Services (TCS), Bharti Airtel, Housing Development Finance Corporation (HDFC), top Sensex gainers. Tata Steel Dr. Reddy’s Laboratories, Titan, TCS were the only losers on the index. Nifty Media & Realty shed 2.38 percent and 2.35 percent, respectively. On the other hand, Nifty Media, Nifty Financial Services, Nifty Bank, and Nifty Private Bank were the gainers. Nifty Auto settled the day unchanged. The BSE Midcap index sank 1.14 percent and the BSE Smallcap index was 1.06 percent.

Closing Bell: Sensex up 418 points, Nifty at 17629.50

Closing Bell: Sensex up 418 points, Nifty at 17629.50
Thursday, September 16, 2021
At close, Sensex was 418 points, or 0.71 percent, up at 59,141.16 while Nifty was at 17,629.50, up 110 points or 0.63 percent. IndusInd Bank and ITC shares were top performers, gaining 7 percent each, followed by State Bank of India (SBI), Reliance Industries Ltd (RIL), Kotak Mahindra Bank, ICICI Bank, Axis Bank, Bajaj-Auto, HDFC Bank. On the flip side, TCS stock fell the most. Stocks such as Tech Mahindra, Tata Steel, Bharti Airtel, HCL Tech, Dr. Reddy’s Lab, Infosys, Titan Company were top Sensex losers. The Nifty PSU Bank index gained over 5 percent, Nifty Private Bank and Nifty Bank were among other top gainers, up 3 percent and 2 percent, respectively. The Nifty Media index fell 1.71 percent while Nifty Metal and IT indices fell 0.62 percent each. BSE Midcap index closed 0.48 percent higher at 25,336.56 while the smallcap index closed 0.08 percent up at 28,306.05.

Market rally would remain broad-based going ahead: Experts

Market rally would remain broad-based going ahead: Experts
Wednesday, September 15, 2021
Markets have been trading sideways ahead of the meetings of the two major global central banks – the US Federal Reserve and the Reserve Bank of India (RBI) – over the next couple of weeks. Market experts expect natural profit-taking to happen with rising markets, but do not see any meaningful correction unless there is a more aggressive taper stance by the US Fed. They are cautiously optimistic on markets for 2021, on surplus global liquidity, and benign interest rates. The US Federal Reserve (US Fed), prior to the pandemic, had an outstanding balance sheet size of $4.2 trillion as of December 2019, which doubled in size to $8.3 trillion. Likewise, the European Central Bank (ECB), which had a pre-pandemic balance sheet size of 4.7 trillion euros also saw a similar proportional increase in size to 8.2 trillion euros. This liquidity is providing support to asset inflation in high-risk asset classes, including emerging equities like India. Read more

Closing Bell: Sensex gains 476 points, Nifty at 17519.45

Closing Bell: Sensex gains 476 points, Nifty at 17519.45
Wednesday, September 15, 2021
At Close, Sensex closed at 58,723.20, up 476 points, or 0.82 percent while Nifty closed the day at 17,519.45, up 139 points, or 0.80 percent, pushing the benchmark indices to their record close on Wednesday. NTPC was the top performer, gaining over 7 percent, followed by Bharti Airtel, HCL Tech, Titan, SBI, Power Grid Corporation of India, Tata Consultancy Services (TCS), IndusInd Bank, Infosys. On the flip side, Axis Bank, Asian Paints, UltraTech Cement, Nestle India, Sun Pharma, HDFC Bank were the top BSE Sensex losers. Nifty Media was down 1.55 percent, On the other hand, Nifty PSU Bank and Nifty IT were the top gainers, up nearly 3 percent and 2 percent, respectively. Bank Nifty index gained 0.65 percent. The midcap pack ended the day 0.65 percent higher while the smallcap index added 0.86 percent.

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

MARKET UPDATE:BSE Sensex rose 117 points at 58,360-level while NSE Nifty nearing the 17,450 mark,up 45 points
Wednesday, September 15, 2021
The Indian benchmark indices extended gains (today) after a beginning on a cautious note with the 50-pack Nifty nearing the 17,450 marks as it traded 45 points higher. Meanwhile, BSE Sensex rose 117 points at 58,360-level. Titan, NTPC, Airtel, and M&M were the top-performing stocks in the Sensex kitty of stocks, up between 1-3 percent. Axis Bank, TechM, HDFC Bank, and HCL Tech, on the other hand, were the worst laggards. The broader market outperformance showed no signs of abating. The BSE Midcap and Smallcap indices were up nearly 0.4 percent each. Sectorally, Nifty Private Bank, Nifty Bank, and Nifty Financial Services were the only losers. Media pack once again was the best performer, up 2 percent. Other top gainers included realty, FMCG, and auto. Read more

Zee Entertainment shares gains 40 percent on removal of directors from the board

Zee Entertainment shares gains 40 percent on removal of directors from the board
Tuesday, September 14, 2021
Shares of Zee Entertainment zoomed in as much as 39.14% to Rs 260 apiece on Tuesday after top investors of the company have sought the removal of current Managing Director Punit Goenka and two independent directors Manish Chokhani and Ashok Kurien from the board. Invesco Developing Markets Fund and OFI Global China Fund LLC, which together hold 17.88 percent of the total paid-up share capital of the company, have demanded the removal of CEO Punit Goenka and have also sought the appointment of six independent directors. Invesco Developing Markets Fund and OFI Global China Fund LLC’s move to call an extraordinary general meeting seeking the removal of Goenka was a positive development for corporate governance, experts said. Chokhani and Kurien have submitted their resignations with immediate effect before the extraordinary general meeting (EGM). Read more

Closing Bell: Sensex gains 69 points, Nifty at 17380.00

Closing Bell: Sensex gains 69 points, Nifty at 17380.00
Tuesday, September 14, 2021
At Close, Sensex closed 69 points, or 0.12 percent, up at 58,247.09 while the Nifty finished with a gain of 25 points, or 0.14 percent, at 17,380, rising for the second time in the last three sessions.IndusInd bank was the top index performer, rising over 4 percent. It was followed by HCL Technologies, Bajaj-Auto, Larsen & Toubro (L&T), Kotak Mahindra Bank, Tech Mahindra, among others. On the flip side, Nestle India, UltraTech Cement, Hindustan Unilever Ltd (HUL), Housing Development Finance Corporation (HDFC), Tata Steel, Bajaj Finserv, Infosys were among the top BSE Sensex draggers. BSE Midcap index rallying 1.09 percent and the BSE Smallcap index 0.63 percent. Nifty Media index emerged to be the best performing sector on NSE today, with a gain of over 14 percent. Nifty Private Bank, IT, and Auto were among the top sectoral performers. Bank Nifty gained 0.39 percent, Nifty Auto 0.88 percent, Nifty Private Bank 1.03 percent. Nifty Metal declined the most, down 0.5 percent. Read more

MARKET UPDATE:Sensex was up 192 points at 58,370 while NSE Nifty up 50 points at 17,400

MARKET UPDATE:Sensex was up 192 points at 58,370 while NSE Nifty up 50 points at 17,400
Tuesday, September 14, 2021
The Indian benchmark indices today (14th Sept.2021) opened for trade on a firm note amid strong cues from global markets and hopes of continuity in easy RBI money policy following the latest inflation print. The BSE Sensex was up 192 points at 58,370 in the opening session while Nifty was up 50 points at 17,400. Sectorally, all indices gained with Nifty Media leading, up over 4.5 percent. The realty, financial, and pharma sectors also gained traction. The broader markets outperformed as both BSE Midcap and Smallcap indices added over 0.6 percent each. Read more

Closing Bell: Sensex down 127 points, Nifty at 17355.30

Closing Bell: Sensex down 127 points, Nifty at 17355.30
Monday, September 13, 2021
At Close, Sensex closed 127 points, or 0.22 percent, lower at 58,177.76 while the Nifty ended the day at 17,355.30, down 14 points, or 0.08 percent. Reliance Industries Ltd (RIL), ICICI Bank, Hindustan Unilever Ltd (HUL), HDFC Bank, Mahindra & Mahindra (M&M), UltraTech Cement, Axis Bank were among top index draggers. On the flip side, Tata Consultancy Services (TCS), Bharti Airtel, Bajaj Finserv, Tata Steel, Maruti Suzuki, Kotak Mahindra Bank, HCL Tech were top BSE Sensex leaders.The BSE MidCap and SmallCap indices closed 0.3 per cent and 0.8 per cent higher, respectively, Nifty Metal gained 2 per cent while Bank Nifty fell 0.58 per cent, to end at 36,472. Healthy buying in the broader market kept overall market breadth in the favour of the buyers.

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

Closing Bell: Sensex gains 55 points, Nifty at 17369.25

Closing Bell: Sensex gains 55 points, Nifty at 17369.25
Thursday, September 9, 2021
At Close, Sensex closed 55 points, or 0.09 percent, higher at 58,305.07 while Nifty settled with a gain of 16 points, or 0.09 percent, at 17,369.25 with a positive bias on September 9. Bharti Airtel was the top Sensex gainer, followed by Nestle India, Tata Steel, and Bajaj Finserv. Titan was the worst Sensex performer on Thursday, followed by Ultratech Cement, Bajaj Auto, Axis Bank, and HDFC Bank.BSE Midcap ended up 0.56 percent and the BSE smallcap 0.52 percent. Both indices also hit their respective all-time highs in today's session. Nifty Realty followed by Financial Services, Pharma and Bank were the top losers. On the other hand, Nifty Media, with a gain of 2.97 percent was the best performing index.

Closing Bell: Sensex down 29 points, Nifty at 17353.50

Closing Bell: Sensex down 29 points, Nifty at 17353.50
Wednesday, September 8, 2021
At Close, Sensex closed 29 points, or 0.05 percent, down at 58,250.26 while the Nifty settled 9 points, or 0.05 percent, lower at 17,353.50, amid losses in IT firms and index heavyweight Reliance Industries, even as gains in private lenders helped cap losses. Kotak Mahindra Bank was the top index gainer, followed by NTPC, Titan, and Sun Pharma. Nestle India was the worst performer followed by Maruti, Bajaj Finserv, and Bajaj Auto. Nifty Bank, private bank, PSU bank, and financial services indices rose about a percent each. On the flip side, Nifty IT, down 0.78 percent, Nifty Media and Auto lost over 0.50 percent each, Nifty pharma indices ended in the red. The BSE Midcap index added 0.81 percent. It also touched a new high in trade today. Meanwhile, BSE Smallcap rose 0.55 percent.

MARKET UPDATE:Sensex, Nifty volatile;BSE Sensex quoted at 58,212 level, down 67 points and Nifty dipped 14 points at 17,344 levels

MARKET UPDATE:Sensex, Nifty volatile;BSE Sensex quoted at 58,212 level, down 67 points and Nifty dipped 14 points at 17,344 levels
Wednesday, September 8, 2021
BSE Sensex traded lower today(8th September 2021) dragged by Infosys, Maruti Suzuki, Bajaj Auto, Sun Pharma, and TCS. The index quoted at 58,212 level, down 67 points or 0.12 percent in early deals.It's NSE counterpart Nifty50, meanwhile, dipped 14 points at 17,344 levels. In the broader markets, the BSE MidCap and SmallCap indices were flat. On the global front, Japan's Nikkei gained 0.8 percent. On the flip side, South Korea's Kospi, Australia's ASX200, and Hong Kong's Hang Seng slipped up to 0.7 percent. Shares of telecom services provider caught investor fancy today with Bharti Airtel hitting a new high at Rs 684, up 2 percent, while Vodafone Idea jumped 7 percent to Rs 8.90 on the BSE in the intra-day trade, ahead of the Cabinet meeting scheduled later in the day. According to reports, the government may discuss a relief package for the stressed sector.

MARKET UPDATE:Volatile markets;BSE Sensex rose 112 points at 58,409 levels and Nifty at 17,420, up 42 points

MARKET UPDATE:Volatile markets;BSE Sensex rose 112 points at 58,409 levels and Nifty at 17,420, up 42 points
Tuesday, September 7, 2021
Benchmark indices in India traded with tepid gains today(7th September 2021) amid muted global cues, supported by no negative domestic triggers. The BSE barometer of 30 shares rose 112 points, or 0.2 percent, at 58,409 levels in early deals while the NSE's Nifty50 held above the 17,400-mark at 17,420, up 42 points. Asian Paints, Tata Consumer Products, HUL, ITC, and Britannia lifted the benchmarks, rising up to 1 percent. On the downside, Wipro, BPCL, Coal India, and Sun Pharma capped gains. In the broader markets, the BSE MidCap and SmallCap indices gained 0.3 percent and 0.2 percent, respectively.

MARKET UPDATE:Bull run extended;Indices at fresh peaks;BSE Sensex clocked 58,480 and Nifty hit a new lifetime high of 17,421

MARKET UPDATE:Bull run extended;Indices at fresh peaks;BSE Sensex clocked 58,480 and Nifty hit a new lifetime high of 17,421
Monday, September 6, 2021
Indian benchmark indices extended their bull-run and hit new peaks today(6th Sept.2021). The NSE Nifty50 surpassed the 17,400-mark and touched a new lifetime high of 17,421 while the S&P BSE Sensex clocked 58,480. Reliance Industries, up 2.7 percent, was the top-performing stock on the 30-share pack. It hit a new peak of Rs 2,454 apiece on the BSE. HUL, L&T, and M&M were the other gainers on the Sensex index. On the flipside, Tata Steel, Power Grid, Nestle India, and Tech M declined. In the broader markets, the BSE MidCap index hit a new record high of 24,562.5. The SmallCap index, meanwhile, claimed a new high of 27,502.

MARKET UPDATE:BSE Sensex valued past the 58,000 for the first time and Nifty hit a new peak of 17,300

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

India's market capitalisation to GDP ratio hits 13-year high

India's market capitalisation to GDP ratio hits 13-year high
Thursday, September 2, 2021
The listed companies in India are worth 122 percent of India’s latest annualised gross domestic product (GDP) — the highest since December 2008, when it had hit an all-time high of around 150 percent. The ratio was 112 percent at the end of June and 103 percent at the end of March. India’s current market capitalisation (m-cap) to GDP ratio is nearly 55 percent higher than the 15-year median ratio of 79 percent. The combined m-cap of nearly 3,500 companies listed and actively traded on the BSE reached a new high of Rs 250 trillion on Tuesday and is up 120 percent since the end of March 2020, and 33 percent since the beginning of the current calendar year. This has created a wedge between stock valuations and India’s macroeconomic fundamentals. Read more

MARKET UPDATE:volatile market;BSE Sensex trading 85 points up at 57,500 levels and Nifty recliaimed 17,100 mark, up 50 points

MARKET UPDATE:volatile market;BSE Sensex trading 85 points up at 57,500 levels and Nifty recliaimed 17,100 mark, up 50 points
Thursday, September 2, 2021
The Indian benchmark indices witnessed volatility in opening trade amid a mixed global market setup and ahead of weekly F&O expiry. Indices gyrated between gains and losses. Eventually, Sensex managed to hold gains and was trading 85 points up at 57,500 levels while Nifty reclaimed 17,100 marks, up 50 points. DRL, Titan, and Ultratech were the top gainers in the Sensex pack and HCL Tech, Asian Paints and Power Grid were the worst laggards. In the broader markets, BSE Midcap and BSE Smallcap were up 0.3 percent each. Shares in Asia-Pacific were in the red with Japan's Nikkei down 0.1 percent and Topix index down 0.3 percent. South Korea's Kospi dipped 0.65 percent, and the S&P/ASX 200 in Australia shed 1 percent. However, overnight, the S&P 500 closed marginally higher, up 0.031 percent, while the Nasdaq Composite climbed 0.33 percent. The Dow Jones Industrial Average lagged as it declined 0.14 percent.

Closing Bell: Sensex down 214 points, Nifty at 17076.25

Closing Bell: Sensex down 214 points, Nifty at 17076.25
Wednesday, September 1, 2021
At close, the Sensex was down 214.18 points or 0.37% at 57338.21, and the Nifty was down 55.90 points or 0.33% at 17076.3 as profit booking in metal and IT stocks. Asian Paints, Nestle India, Axis Bank, Titan Company, Dr.Reddy’s Laboratories, L7T, Bajaj-Auto, and IndusInd Bank were among the top BSE Sensex gainers. On the flip side, M&M, Tata Steel, Bajaj Finserv, Tata Consultancy Services (TCS), Housing Development Finance Corporation (HDFC), Infosys, HCL tech, UltraTech Cement were the top index laggards. About 1461 shares have advanced, 1637 shares declined, and 150 shares are unchanged. The BSE MidCap index added 0.9 percent on the BSE and the BSE SmallCap index rose 0.22 percent. Nifty sectoral indices mostly ended in the green, except for Nifty Financial Services, Nifty IT, Nifty Metal, and Nifty Pharma indices. metals and IT indices fell over 1 percent each. Bank Nifty gained 0,4 percent to settle at 36,574.30

Red-hot property stocks set for next leg of rally

Red-hot property stocks set for next leg of rally
Wednesday, September 1, 2021
Recent weakness in India’s red-hot property stocks looks short-lived as record low-interest rates and an economic recovery from the pandemic fuel demand from an increasingly affluent middle class. That’s the view of analysts, who see large listed firms emerging as the biggest beneficiaries amid ongoing consolidation in the $200 billion sectors. India’s property market is rebounding after being in a down cycle for the last six years as a series of headwinds ranging from the pandemic, a bad-loan crisis, and a surprise 2016 cash ban hurt demand for new houses and apartments. Stronger sales and weak launches are leading to faster absorption of outstanding inventory and this favorable demand-supply situation has started to build a case for price increases, according to experts.

Closing bell: Sensex gains 663 points, Nifty at 17132.20

Closing bell: Sensex gains 663 points, Nifty at 17132.20
Tuesday, August 31, 2021
At close, the Sensex was up 662.63 points or 1.16% at 57,552.39, and the Nifty was up 201.20 points or 1.19% at 17,132.20. Bharti Airtel, Axis Bank, Tata Steel, Titan Company, Maruti Suzuki, Bajaj Finance, State Bank of India (SBI), Asian Paints, and RIL, among others, were the top index gainers. On the flip side, Nestle India, Tech Mahindra, Infosys, and Tata Consultancy Services (TCS) were Sensex laggards. About 1434 shares have advanced, 1537 shares declined, and 105 shares are unchanged. All the sectoral indices ended in the green, with IT, power, healthcare, metal, oil & gas indices up 1 percent each, Nifty Bank index surged over 2 percent to settle at 36,348. The BSE MidCap and SmallCap indices advanced 0.8 percent each.

Nifty Bank at 5-month high; may lead next leg of the market rally

Nifty Bank at 5-month high; may lead next leg of the market rally
Tuesday, August 31, 2021
In the past few months, the Nifty Bank Index has consistently struggled to rise above the 36,000 marks. A move above the 36,497 levels, which is the five-month high for the index, can take it up further. The daily and weekly charts suggest that a breakout above the above-mentioned level can see the index hit the 37,000 marks and then record a new all-time high by crossing 37,708 levels. As long as the support of 35,750 is defended on a closing basis, the upside sentiment is likely to see more interest of market participants in bank stocks. One can easily expect a 10 -15 percent jump in the index within a short time. A quick analysis of the constituents of the index suggests that there is more headroom among most stocks. Among the lot, Punjab National Bank (PNB), Federal Bank, and IDFC First Bank can move up over 20 percent each from the current levels, the charts suggest. 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.

OLA could seek a valuation of more than $8 billion in the IPO and could lodge a filing in October

OLA could seek a valuation of more than $8 billion in the IPO and could lodge a filing in October
Monday, August 30, 2021
The 11-year-old Ola would be joining the group of Indian startups that are ready to tap the IPO market in the coming months. Paytm, the country’s leader in digital payments, Flipkart, the Indian e-commerce giant controlled by Walmart Inc., and digital education startup Byju’s are also preparing for their first-time share sales, Bloomberg News has reported. Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to reliable sources. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing. The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, according to sources.

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

Closing Bell: Sensex gains 765 points, Nifty at 16931.05

Closing Bell: Sensex gains 765 points, Nifty at 16931.05
Monday, August 30, 2021
At close, the Sensex was up 765.04 points or 1.36% at 56,889.76, and the Nifty was up 225.80 points or 1.35% at 16,931, hits fresh milestones on Monday as Jerome Powell's speech last Friday, suggesting no interest rate hike in the near future, boosted risky assets. Bharti Airtel, Axis Bank, Tata Steel, Titan Company, Maruti Suzuki, Bajaj Finance, State Bank of India (SBI), Asian Paints, and RIL, among others, were the top index gainers. On the flip side, Nestle India, Tech Mahindra, Infosys, and Tata Consultancy Services (TCS) were Sensex laggards. Barring the Nifty IT index, all the sectoral indices ended in the green. Nifty Bank index surged over 2 percent, the Nifty Metal index advanced 2.5 percent, followed by the Nifty Realty, Pharma, and Bank indices. The BSE MidCap and SmallCap indices ended 1.7 per cent and 1.5 percent higher.

Closing bell Sensex ends flat gains 4.89 points, Nifty at 16636.90

Closing bell Sensex ends flat gains 4.89 points, Nifty at 16636.90
Thursday, August 26, 2021
At close, the Sensex was up 4.89 points or 0.01% at 55,949.10, and the Nifty was up 2.20 points or 0.01% at 16,636.90. Reliance Industries Ltd (RIL), HCL tech, Asian Paints, Bajaj Auto were top BSE Sensex gainers. Bharti Airtel, Maruti Suzuki, Power Grid Corporation of India, Titan Company, Axis Bank were top index losers. About 1578 shares have advanced, 1372 shares declined, and 105 shares are unchanged. The metals pack bled the most, down 1.3 percent, followed by the PSB Index down 0.8 percent. On the upside, the Nifty FMCG index rose 0.58 percent. Oil & gas, realty and power indices ended in the green. Both, the BSE MidCap and SmallCap indices rose 0.3 percent each. India VIX gained marginally to end at 13.54.

TCS market cap crosses Rs 13.5 trillion

TCS market cap crosses Rs 13.5 trillion
Wednesday, August 25, 2021
Shares of TCS gained more than 2 percent intraday today and hit a new high of Rs 3,697 on Wednesday and became the second listed company to cross the Rs 13.5 trillion market capitalization (market cap). The stock of the information technology (IT) giant surpassed its previous high of Rs 3,672.50 touched on Monday, August 23, 2021. In one month TCS stock has outperformed BSE Sensex, surging nearly 15 percent, as compared to a 6 percent rise in the benchmark index. TCS is less than 3 percent away to hit the Rs 14 trillion market cap mark. It currently stands at second position in the overall market cap ranking, behind Reliance Industries which has a market cap of Rs 14.51 trillion, including partly paid shares market cap, according to the BSE data. This sector has been consistently performing well with continuous positive momentum. Analysts say that the main reason behind the positive momentum and healthy revenue growth is strong order bookings, broad-based revenue growth, Read more

Closing Bell: Sensex ends flat down 14.77 points, Nifty at 16634.65

Closing Bell: Sensex ends flat down 14.77 points, Nifty at 16634.65
Wednesday, August 25, 2021
At close, the Sensex was down 14.77 points or 0.03% at 55,944.21, and the Nifty was up 10.10 points or 0.06% at 16,634.70, scaled fresh lifetime highs in the intra-day deals, they failed to hold on to their gains and ended flat. TCS was the top gainer followed by Infosys, Reliance Industries, and HUL. On the other hand, Bajaj Finserv was the top Sensex laggard, followed by Titan, Maruti Suzuki, and Bharti Airtel. About 1941 shares have advanced, 1180 shares declined, and 107 shares are unchanged. The Nifty IT index gained 0.7 percent while the Nifty Realty index slipped 0.8 percent, pharma, bank, and auto-ended in red while all other sectoral indices ended higher with the power and oil & gas indices up 1 percent each.The BSE MidCap index closed 0.6 percent higher while the BSE SmallCap index gained 0.7 percent. India VIX was up 3 percent by the close.

Closing Bell: Sensex gains 400 points,Nifty ends above 16,600

Closing Bell: Sensex gains 400 points,Nifty ends above 16,600
Tuesday, August 24, 2021
At close, the Sensex was up 403.19 points or 0.73% at 55,958.98, and the Nifty was up 128.10 points or 0.78% at 16,624.60 as US FDA approval of Pfizer-BioNTech's Covid-19 vaccine boosted world stocks. Bajaj Finserv was the top Sensex gainer, followed by Tata Steel, Tech Mahindra, and Bajaj Finance. Nestle India was the top loser in the Sensex pack followed by Infosys, HDFC, and HCL Technologies. About 2067 shares have advanced, 969 shares declined, and 122 shares are unchanged.The BSE MidCap and SmallCap indices settled 1.5 per cent and 1.7 per cent higher, respectively.Bank Nifty gained 1.67 percent. Among sectors, except IT and FMCG, all other sectoral indices ended in the green.India VIX closed with losses

Closing Bell: Sensex gains 226 points, Nifty at 16496.45

Closing Bell: Sensex gains 226 points, Nifty at 16496.45
Monday, August 23, 2021
At close, the Sensex was up 226.47 points or 0.41% at 55555.79, and the Nifty was up 46 points or 0.28% at 16496.50 led by quality large-cap stocks.HCL Tech was the top Sensex gainer, followed by TCS, Bajaj Finserv, Nestle India, and Bharti Airtel. Mahindra & Mahindra was the worst Sensex constituents followed by Bajaj Auto, Ultratech Cement, Power Grid, and ITC. About 745 shares have advanced, 2438 shares declined, and 135 shares are unchanged. The Nifty IT index gained 1.7 percent each and Bank Nifty gained 0.26% while metal, auto, and PSU bank indices lost 0.5-1.5 percent. The BSE MidCap and SmallCap indices slipped 0.9 percent and 1.5 percent, respectively.

Indian stock market likely to underperform: Chris Wood

Indian stock market likely to underperform: Chris Wood
Friday, August 20, 2021
Indian stock markets are likely to underperform their global peers in case of a global risk-off triggered by a taper scare, believes Christopher Wood, global head of equity strategy at Jefferies. Yet, he remains structurally positive and has hiked allocation to Indian equities by two percentage points (2 ppt). Currently, 31 percent of Wood's Asia ex-Japan thematic equity portfolio for long-only absolute-return investors is in India and includes marquee names such as Reliance Industries (RIL), HDFC, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, Godrej Properties, and ICICI Bank. The major risk to Indian equities, according to him, is the arrival of a new Covid variant, which he says the country shares with the rest of the world. The other risk, according to him, is a change in the Reserve Bank of India's (RBI's) dovish policy.

Closing Bell:Sensex down 300 points, Nifty at 16450.50

Closing Bell:Sensex down 300 points, Nifty at 16450.50
Friday, August 20, 2021
At close, Sensex was down 300.17 points or 0.54% at 55329.32, and the Nifty down 118.30 points or 0.71% at 16450.50 after minutes released by the US Federal Reserve suggested tapering of the Fed's stimulus plan by late 2021. Besides, the rampant spread of the Delta variant of Covid-19 and faltering global growth worried investors. Tata Steel was the worst Sensex performer, followed by the State Bank of India, Dr. Reddy’s Laboaratories, and Kotak Mahindra Bank. HUL was the top Sensex gainer, followed by Asian Paints, Nestle India, and Bajaj Finance. About 728 shares have advanced, 2407 shares declined, and 117 shares are unchanged. The Nifty Metal index cracked 6 percent while the FMCG index rose 2 percent. Bank Nifty fell 1.46%. The BSE MidCap and SmallCap indices fell 2 percent each. India VIX soared 8.6% to closed at 14 levels.

Rally had sustained through 2020 and the second wave and was “not a blip”.FM Nirmala Sitharaman

Rally had sustained through 2020 and the second wave and was “not a blip”.FM Nirmala Sitharaman
Wednesday, August 18, 2021
Finance minister Nirmala Sitharaman does not agree with the sentiment that there is a disconnect between the stock market's current run and the real economy. She said the rally had sustained through 2020 and the second wave and was “not a blip”. “Stretched valuations of financial assets pose risks to financial stability. Banks and financial intermediaries need to be cognisant of these risks and spillovers in an interconnected financial system,” wrote Reserve Bank Governor Shaktikanta Das in the Financial Stability Report earlier this year. Read more

Lifting of credit card ban may spark up to 32% rally in HDFC Bank

Lifting of credit card ban may spark up to 32% rally in HDFC Bank
Wednesday, August 18, 2021
The Reserve Bank of India has lifted the ban on the issue of new credit cards which may trigger an up to 32 percent rally in the HDFC Bank’s stock, according to analysts, as the lift has come ahead of the festive season, presenting an opportunity to capture market share. The HDFC Bank scrip surged 3 percent at Rs 1,564.75 on the BSE in intra-day trade today(18th August 2021) and was among the top gainers on the BSE barometer. In comparison, the S&P BSE Sensex was up 0.5 percent at 10:30 AM. Some analysts opine that the lender will be able to regain its lost market share of 180 bps or even more, as there is a large customer base to which it can cross-sell. Financially, the lifting of the ban will protect HDFC Bank's overall profitability as the credit card segment is the key earnings driver, says Motilal Oswal Financial Services.

Closing Bell:Sensex down 163 points, Nifty at 16568.85

Closing Bell:Sensex down 163 points, Nifty at 16568.85
Wednesday, August 18, 2021
At close, the Sensex was down 162.78 points or 0.29% at 55629.49, and the Nifty was down 45.80 points or 0.28% at 16568.80 amid weekly F&O expiry, aggravated by profit-booking in financial, metal, and select auto stocks, dragged benchmarks in the red on Wednesday. Kotak Mahindra Bank, ICICI Bank, Power Grid Corporation of India, IndusInd Bank, Housing Development Finance Corporation (HDFC) were top BSE Sensex laggards. On the flip side, Ultratech Cement, Bajaj Finance, Bajaj Finserv, Nestle India were top gainers. About 1037 shares have advanced, 2067 shares declined, and 110 shares are unchanged. the Nifty metal and bank indices fall 0.8 percent each, while buying was seen in the FMCG, pharma, and PSU Bank names. BSE midcap rose 0.26 percent and smallcap indices were down 0.18 percent.

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

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

MARKET UPDATE:Volatile market;BSE Sensex up 45 points at 55,628 levels and Nifty at 16,572 level, up 9 points

MARKET UPDATE:Volatile market;BSE Sensex up 45 points at 55,628 levels and Nifty at 16,572 level, up 9 points
Tuesday, August 17, 2021
Indian equities were volatile today(17th August 2021) amid tepid gains in Asian markets and stretched valuations back home. The headline S&P BSE Sensex was up 45 points at 55,628 levels while the Nifty50 index was at 16,572 level, up 9 points. Both the indices hit new all-time highs of 55,688.5 and 16,591 levels, respectively. In the broader markets, the BSE MidCap and SmallCap indexes were mildly below the flatline. Sectorally, markets looked defensive with pharma and FMCG stocks in the green and cyclical like banks and auto in the red.

HDFC Bank plans to raise funds via AT-1 bonds from overseas market

HDFC Bank plans to raise funds via AT-1 bonds from overseas market
Monday, August 16, 2021
HDFC Bank on Monday said the bank plans to raise capital by additional tier- I (AT1) bonds in the overseas market to fund its business growth. The bank is expected to raise up to USD 1 billion from these dollar-denominated bonds. “We had informed the stock exchanges that the Board of Directors of HDFC Bank in its meeting held on July 17, 2021, is contemplating raising of long term funds through the issuance of $ Basel III Compliant Additional Tier 1 Bonds (Notes), in the international markets, subject to market conditions,” it said in its filing. An offering memorandum (OM) has been prepared and shall be made available to the prospective investors in relation to the contemplated issue of notes, it said. The notes will not be offered or sold in India under the applicable laws, including the Companies Act, 2013, as amended from time to time, it added. Read more

Closing Bell: Sensex gains 145.29 points, Nifty at 16563.05

Closing Bell: Sensex gains 145.29 points, Nifty at 16563.05
Monday, August 16, 2021
At close, the Sensex was up 145.29 points or 0.26% at 55582.58, and the Nifty was up 33.90 points or 0.21% at 16563. Tata Steel was the top Sensex gainer, followed by Bajaj Finance, M&M, Bajaj Finserv, Reliance Industries, and HDFC. Maruti Suzuki was the worst-performing Sensex constituent followed by Bajaj Auto, Power Grid, Ultratech Cement, and State Bank of India. About 1146 shares have advanced, 2068 shares declined, and 136 shares are unchanged.only Nifty Metal, FMCG, and Financial Services witnessed buying and gained 1 percent while Nifty Media, PSU Bank, and Auto indices faced selling pressure. Volatility also surged as India VIX rose 3.6 percent to 13.45. The BSE Smallcap index lost 0.57 percent and the BSE Midcap index shed 0.18 percent.

Are we heading into second phase of bull market?

Are we heading into second phase of bull market?
Friday, August 13, 2021
A very important trait of any bull market is that it should have a very good breadth. as of now large caps, midcaps, small-cap all have been doing well. Almost all sectors and even the biggest laggards are doing well and that is very positive. We are staring at two parallel markets. Nifty at an all-time high, blue sky. But there are dark clouds over mid and small-cap stocks. We just need to take a step back and understand the price action that has led up to this move. If you take the Covid bottom in March 2020, from there the small-cap index has been up 233% and the Nifty is up 116% or 118%. What has happened is that from the base, the small caps have outperformed the Nifty. If that is taken into perspective, it is very logical that at some point in time, the large caps need to catch up or the small caps need to rest. Read more

Closing Bell: Sensex gains 593 points, Nifty at 16529.10

Closing Bell: Sensex gains 593 points, Nifty at 16529.10
Friday, August 13, 2021
At close, the Sensex was up 593.31 points or 1.08% at 55,437.29, and the Nifty was up 164.70 points or 1.01% at 16,529.10 lifted benchmark indices to fresh all-time highs. Tata Consumer Products emerged as the top gainer, followed by TCS, LT, HCL Tech, Tata Steel, HDFC Bank, Bharti Airtel, Infosys, Wipro, HDFC, RIL, and ITC. Power Grid was the worst Sensex performer followed by Dr Reddy’s. IndusInd Bank, and Bajaj Finance. About 1412 shares have advanced, 1583 shares declined, and 81 shares are unchanged. Except for pharma, all other sectoral indices ended in the green with the IT index added 1 percent. The MidCap and SmallCap indices slipped 0.06 percent and 0.01 percent, respectively.

Closing Bell: Sensex gains 300 points, Nifty at 16364.40

Closing Bell: Sensex gains 300 points, Nifty at 16364.40
Thursday, August 12, 2021
At close, the Sensex was up 318.05 points or 0.58% at 54843.98, and the Nifty was up 82.10 points or 0.50% at 16364.40 supported by the IT and PSU Banking names. Power Grid Corporation of India, ITC, M&M, Bajaj Finance, ICICI Bank, Bajaj-Auto, HDFC Bank were top Sensex gainers. Dr Reddy’s, Sun Pharma, Hindustan Unilever Ltd (HUL), Asian Paints, IndusInd Bank were among the top index laggards. About 2314 shares have advanced, 816 shares declined, and 113 shares are unchanged. The Nifty IT index advanced nearly 2 percent on the NSE today while the PSU bank index added 1.3 percent. All other sectoral indices, barring the Nifty Pharma index down 1 percent, other indices gained up to 0.7 percent. The BSE MidCap index quoted 1.07 percent higher and the BSE SmallCap index was up 1.97 percent.

Closing Bell: Market ends flat, Nifty at 16282.25

Closing Bell: Market ends flat, Nifty at 16282.25
Wednesday, August 11, 2021
At Close, the Sensex was down 28.73 points or 0.05% at 54525.93, and the Nifty was up 2.20 points or 0.01% at 16282.30. Tata Steel was the top Sensex gainer, followed by NTPC, Power Grid, and Reliance Industries. On the other end of the table, Kotak Mahindra Bank was the top loser, followed by Bajaj Auto, Sun Pharma, and Nestle India. About 1007 shares have advanced, 2123 shares declined, and 131 shares are unchanged. The Nifty Metal index was the top gainer, up 3.14 percent, the energy index rose over 1 percent, while the Nifty Pharma index was the top laggard, down 1.5 percent. The BSE SmallCap index, which was down over 3 percent at one point during the day, ended just 0.83 percent lower. The BSE MidCap index, on the other hand, closed 0.22 percent down.

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.

Closing Bell:Sensex gains 200 points, Nifty at 16280.10

Closing Bell:Sensex gains 200 points, Nifty at 16280.10
Tuesday, August 10, 2021
At close, the Sensex was up 151.81 points or 0.28% at 54554.66, and the Nifty was up 21.80 points or 0.13% at 16280.10 after falling from record-high levels on Tuesday. Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), Titan Company, Bajaj Finance, M&M, State Bank of India (SBI), IndusInd Bank were top Sensex gainers. Power Grid Corporation of India, Nestle India, Bajaj-Auto, HUL, ITC were top index losers. About 679 shares have advanced, 2401 shares declined, and 98 shares are unchanged. Barring the Nifty FMCG index, all the sectoral indices were trading in the green. Bank Nifty was up 0.58 percent at 36,238.80. Nifty Financial Services index gained 0.7 percent. The BSE MidCap and SmallCap indices bled 1 percent and 2 percent, respectively.

Rolex rings lists at 1250 39 percent jump over IPO price

Rolex rings lists at 1250 39 percent jump over IPO price
Monday, August 9, 2021
Auto components maker Rolex Rings based in Gujarat made its stock market debut on Monday with its shares listing at ₹1,250 per share on the NSE, surging nearly 39% premium over its issue price of ₹900 per share. It rallied up to Rs 1,264.95, up 40 percent. Analysts had expected it to debut with a 45-50 percent premium. The Rolex Rings was subscribed a massive 130 times by investors last month. Rolex Rings’ Rs 731 crore IPO was a mix of fresh issues of equity shares worth Rs 56 crore while the remaining Rs 675 crore was an offer for sale (OFS) by existing shareholders. The company's price band was fixed at ₹880-900 per share. The company is one of the top five forging companies in India, in terms of installed capacity The client base of Rolex Rings consists of leading global bearing manufacturers such as SKF, Timken, Schaeffler, NEI & NRB Bearings. Read more

Closing Bell:Sensex gains 125 points, Nifty at 16258.25

Closing Bell:Sensex gains 125 points, Nifty at 16258.25
Monday, August 9, 2021
At close, the Sensex was up 125.13 points or 0.23% at 54402.85, and the Nifty was up 20.10 points or 0.12% at 16258.30 ended mildly higher following a volatile session on Monday. M&M, Tech Mahindra, Axis Bank, Bajaj Finserv, and IndusInd Bank were the top Nifty gainers. Tata Consumer Products, Coal India, Adani Ports, SBI Life Insurance, and Bharti Airtel were among the top losers. Sectorally, the Nifty Metal index dipped 2 percent, followed by the Nifty PSU Bank index down 1.6 percent. On the contrary, the Nifty Bank and IT indices added 0.4 percent each. The BSE MidCap and SmallCap indices declined nearly 1 percent each. India VIX, the volatility index, ended flat at 12.61 levels. The newly-listed Rolex Rings share price ended 6.60 percent down from the opening price, while 29.62 percent up from the issue price.

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

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

RBI hints at normalising ultra-loose policy

RBI hints at normalising ultra-loose policy
Friday, August 6, 2021
The August review of the Reserve Bank of India’s bi-monthly monetary policy was interesting as: 1.) no unanimous voting on the policy stance 2.) more than expected revision in inflation forecast for FY22 and 3.) announcement of the variable rate reserve repo auction – an indication that the central bank has started the gradual withdrawal of the ultra-loose monetary policy that was in place since the onset of the Covid-19 pandemic. As expected, there was complete unanimity among all the six members of the monetary policy committee (MPC) to keep the interest rate unchanged at 4%. However, on maintaining the accommodative stance, five of the six members voted in favour. Professor Jayanth Verma disagreed. Read more

Closing Bell: Sensex down 215 points, Nifty at 16238.20

Closing Bell: Sensex down 215 points, Nifty at 16238.20
Friday, August 6, 2021
At close, the Sensex was down 215.12 points or 0.39% at 54277.72, and the Nifty was down 56.40 points or 0.35% at 16238.20 as investors booked profit after the Reserve Bank of India's monetary policy outcome. Reliance Industries was the top laggard, followed by Ultratech Cement, Tata Steel, HCL Technologies, and State Bank of India. On the other end, IndusInd Bank was the top gainer followed by Tech Mahindra, Bharti Airtel, and Maruti Suzuki India. About 1728 shares have advanced, 1400 shares declined, and 120 shares are unchanged. The metal, auto, and IT indices ended higher, while selling was seen in the pharma, FMCG, and infra names. The midcap and smallcap indices rose 0.2 percent each and ended in green

Closing Bell: Sensex gains 123 points, Nifty at 16294.60

Closing Bell: Sensex gains 123 points, Nifty at 16294.60
Thursday, August 5, 2021
At close, the Sensex was up 123.07 points or 0.23% at 54,492.84, and the Nifty was up 35.80 points or 0.22% at 16,294.60 amid buying in FMCG and IT stocks and supported by firm global trends. Bharti Airtel was the top Sensex gainer, followed by ITC, Tech Mahindra, and Tata Steel. SBI, IndusInd Bank, ICICI Bank, and Bajaj Finance were the top laggards on Sensex. About 1036 shares have advanced, 1933 shares declined, and 101 shares are unchanged. Nifty PSU bank index shed 2 percent, while metal index rose 1 percent, and IT index was up 0.7 percent. The BSE MidCap added 0.10 percent but the BSE SmallCap index slipped 0.43 percent. India VIX fell 2.57%.

Sensex leaps 546 pts,but investors poorer by Rs 50,000 cr.

Sensex leaps 546 pts,but investors poorer by Rs 50,000 cr.
Wednesday, August 4, 2021
Indian benchmark indices continued to scale new record highs today(4th August 2021) as in-line earnings and positive global cues lifted the morale. Bank and financial services stocks were in demand while others saw selling. Broader market indices ended in the red after traders booked profits. However, the volatility indicator cooled off. The return of FIIs also supported the market. The 30-share pack Sensex climbed 546.41 points or 1.02 percent to close at 54,369.77. Its broader peer NSE Nifty advanced 128.05 points or 0.79 percent to 16,258.80. Both indices closed at record high levels. However, overall investor wealth came down by Rs 49,576 crore as the total market cap of BSE-listed companies stood at 239.55 lakh crore. Read more

Closing Bell:Sensex gains 546 points, Nifty at 16258.80

Closing Bell:Sensex gains 546 points, Nifty at 16258.80
Wednesday, August 4, 2021
At close, the Sensex was up 546.41 points or 1.02% at 54,369.77, and the Nifty was up 128 points or 0.79% at 16,258.80 hitting a fresh high for the third consecutive day on August 4 led by the banking names. HDFC, ICICI Bank, Kotak Mahindra Bank, SBI, Axis Bank, and HDFC Bank were the top gainers. Titan, Nestle India, and Ultratech Cement were the worst Sensex performer. About 1073 shares have advanced, 2104 shares declined, and 113 shares are unchanged. Bank Nifty was up 2.33%. Except for banks, all the other sectoral indices ended in the red. both, The BSE Mid and SmallCap indices declined 1 percent each.

Closing Bell: Sensex rallies 873 points, Nifty at 16130.75

Closing Bell: Sensex rallies 873 points, Nifty at 16130.75
Tuesday, August 3, 2021
At Close, Sensex closed with a gain of 873 points, or 1.65 percent at 53,823.36 while the Nifty finished at 16,130.75, up 246 points, or 1.55 percent as solid buying in pharma, IT, FMCG, and financial stocks lifted benchmark indices to record highs on Tuesday. The Sensex hit its fresh all-time high of 53,887.98, while the Nifty made a fresh peak of 16,146.90 in intraday trade. RIL, Asian Paints, Housing Development Finance Corporation (HDFC), Titan Company, TCS, Tech Mahindra, IndusInd Bank, Bajaj Finserv were among the top Sensex gainers. While Bajaj-Auto, Tata Steel, HCL Tech, NTPC, ICICI Bank were top index losers. Barring Nifty Media and Nifty Metal indices, all the sectoral indices were trading in the green. Nifty FMCG jumped 0.6 percent and Nifty IT index 0.5 percent. The BSE Mid- and SmallCap indices hit new peaks, advancing up to 0.5 percent, in intra-day trade.

HDFC Q1 results:Net profit at 3001 Crore

HDFC Q1 results:Net profit at 3001 Crore
Monday, August 2, 2021
HDFC on Monday reported a 1.6 percent year-on-year (YoY) decrease in standalone net profit at Rs 3,000.67 crore for the April-June quarter of FY22 (Q1FY22). The company had posted a profit of Rs 3,051.5 crore in the year-ago period. The mortgage lender said its interest income stood at Rs 10,523.36 crore, down 2.48 percent from Rs 10,790.66 crore in the year-ago quarter. Total income stood at Rs 11,663.14 crore, down from Rs 13,019.29 crore. The profit number was above the market estimates, as a CNBC-TV18 poll of analysts had expected Q1 profit at Rs 2,898.7 crore. On a consolidated basis, profit after tax stood at Rs 5,311 crore as compared to Rs 4,059 crore in the previous year, representing a growth of 31 percent. The profit before tax for the quarter ended June 30, 2021, stood at Rs 3,905 crore compared to Rs 3,607 crore in the previous year. Read more

Closing Bell:Sensex up 363 points, Nifty at 15885.15

Closing Bell:Sensex up 363 points, Nifty at 15885.15
Monday, August 2, 2021
At close, the Sensex was up 363.79 points or 0.69% at 52,950.63, and the Nifty was up 122.20 points or 0.78% at 15,885.20 led by the auto, realty, and oil & gas stocks. Titan was the top Sensex gainer, followed by M&M, Axis Bank, Reliance Industries, and IndusInd Bank. Tata Steel, Power Grid, Tech Mahindra, and NTPC were the worst-performing stocks. About 2007 shares have advanced, 1071 shares declined, and 136 shares are unchanged. All the indices ended in the green, led by the Nifty Realty index up 5 percent, followed by the Nifty Auto index, up 1.4 percent. Both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively. India VIX was up 1%.

Closing Bell: Sensex down 66 points, Nifty at 15763.05

Closing Bell: Sensex down 66 points, Nifty at 15763.05
Friday, July 30, 2021
At close, the Sensex was down 66.23 points or 0.13% at 52586.84, and the Nifty was down 15.50 points or 0.10% at 15763 as domestic equities witnessed sharp profit booking in the fag end of the session as European stocks slipped in early trade and US stock futures hinted at a muted start on Wall Street later today. Sun Pharma, TechMahindra, Cipla, Shree Cements, and Adani Ports were the top Nifty gainers. Bajaj Finance, State Bank of India, Bajaj Finserv, and Tata Steel were the top index drags. About 1808 shares have advanced, 1352 shares declined, and 126 shares are unchanged. Bank Nifty was down 0.31%, the pharma index added 3.6 percent, while the auto index rose nearly 1 percent. However, some selling was seen in the metal and financial names. The BSE MidCap and SmallCap indices zoomed 0.52 percent and 0.69 percent, respectively. India VIX was down 1.16%.

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

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

Attractive equity markets and volatile gold prices deterrents for investment in the yellow metal
Thursday, July 29, 2021
Attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021, suggests the latest report from World Gold Council (WGC). That said, the upcoming festival season, including Dhanteras and the wedding season in the October – December quarter of 2021, WGC believes, may see an uptick in demand for the yellow metal. “Consumer investment in gold increased in the second quarter of 2021, but some investors were less bullish. Outlook for the second half of 2021 is yet uncertain, as consumer confidence and business response are subject to the impact of a looming threat of the third wave of Covid and the pace of economic recovery,” said the WGC report. But attractive equity markets and volatile gold prices may prove to be a deterrent for investment in the yellow metal in the second half of 2021. Read more

Closing Bell: Sensex gains 209 points, Nifty at 15778.45

Closing Bell: Sensex gains 209 points, Nifty at 15778.45
Thursday, July 29, 2021
At close, the Sensex was up 209.36 points or 0.40% at 52653.07, and the Nifty was up 69.10 points or 0.44% at 15778.50 led by IT, metal, financial stocks. Tata Steel shares were the top gainer followed by Bajaj Finserv, State Bank of India (SBI), HCL Tech, Sun Pharma, Bajaj Finance, Reliance Industries Ltd (RIL), Infosys. On the flip side, Maruti Suzuki, Power Grid Corporation of India, Bajaj-Auto, ITC, Dr. Reddy’s, HUL, Axis Bank were among the top losers. About 1781 shares have advanced, 1170 shares declined, and 109 shares are unchanged. The metal index gained 5, while IT, PSU Bank, and realty indices rose 1-3 percent. However, the FMCG index was down 1 percent. The BSE Mid- and SmallCap indices, too, added 0.39 percent and 0.90 percent, respectively.

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

Closing Bell: Sensex down 135 points, Nifty at 15709.40

Closing Bell: Sensex down 135 points, Nifty at 15709.40
Wednesday, July 28, 2021
At close, the Sensex was down 135.05 points or 0.26% at 52,443.71, and the Nifty was down 37.10 points or 0.24% at 15,709.40. Kotak Mahindra Bank, Dr. Reddy’s Laboratories, Mahindra & Mahindra (M&M), HDFC Bank, NTPC, RIL were among top Sensex laggards. On the flip side, Bharti Airtel surged over 5 percent, followed by Tata Steel, IndusInd Bank, Bajaj Finserv, ICICI Bank, Infosys among others. About 1299 shares have advanced, 1682 shares declined, and 90 shares are unchanged. Except for the Nifty Metal up 1.12 percent and IT up 0.21 percent, indices ended in the red with the Nifty PSB Index sliding nearly 2 percent. Nifty Auto, energy, and pharma sectors. too witnessed heavy selling and was down nearly 1 percent.The BSE SmallCap index underperformed the headline indices and slipped 0.45 percent. Meanwhile, BSE Midcap ended unchanged.

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

Sell-off in pharma stocks: Sensex drops 274 points

Sell-off in pharma stocks: Sensex drops 274 points
Tuesday, July 27, 2021
Weak global cues and some disappointing shows by India Inc. in the June quarter pushed benchmark indices lower today(27th July 2021), wiping off early gains. Pharma stocks were among the biggest drags. Investors grew nervous on the back of selling across Chinese markets by global funds. On the other hand, certain pockets across the broader market like textile exporters and coffee stocks posted smart gains on the back of rising coffee futures, according to an analyst. The 30-share pack Sensex declined 273.51 points or 0.52 percent to close at 52,578.76. The index fell nearly 450 points from its highs. Its broader peer NSE Nifty fell 78 points or 0.49 percent to 15,746.45. Barring Nifty Metal and Nifty PSU Bank that rose 1.46 percent and 0.38 percent, respectively, all other sectoral indices on NSE ended in the red. Nifty Pharma tanked the most at 4.33 percent. Nifty Private Bank and Nifty Realty fell about a percent each. Read more

Is it time to look at oil marketing companies(OMC) stocks?

Is it time to look at oil marketing companies(OMC) stocks?
Monday, July 26, 2021
Crude prices have recovered from last week's low of $67.42, although the momentum is not showing much excitement. In the meantime stocks of oil marketing companies (OMCs) are witnessing some profit-taking. Shares of BPCL and Hindustan Petroleum Corporation (HPCL) have declined over 10 percent from the highs touched last month. But a rebound in the last couple of sessions signals stocks could gain momentum. Here is some technical analyses of some major OMCs: S&P BSE OIL & GAS Outlook: Weak momentum at current levels The index has broken its 50-days moving average (DMA) and 100-DMA placed at 16,356 and 15,778, respectively, suggesting resistance at higher levels. The next support for the index comes at its 200-DMA, placed at 14,745, as per the daily chart. While the current momentum indicates weakness, a firm close above 100-DMA may help the index regain positive strength, following which a rally towards 50-DMA is likely. Read more

Closing Bell: Sensex down 123 points, Nifty at 15824.45

Closing Bell: Sensex down 123 points, Nifty at 15824.45
Monday, July 26, 2021
At close, the Sensex was down 123.53 points or 0.23% at 52852.27, and the Nifty was down 31.50 points or 0.20% at 15824.50.ITC, Tata Steel, Titan, and Reliance Industries were the top gainers on Sensex. SBI, Axis Bank, ICICI Bank, HDFC were among the top drags. About 1791 shares have advanced, 1488 shares declined, and 151 shares are unchanged. Nifty Energy index gained 1 percent while bank, auto, and PSU Bank indices ended lower. However, some buying was seen on the metal, pharma, and IT names. Bank Nifty closed 0.24% lower. India VIX jumped 5.87%. The BSE MidCap and SmallCap indices adding 0.06 percent and 0.34 percent, respectively.

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

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

Sensex climbs 639 pts, Nifty tops 15,800;Signs of a strong corporate earnings season lifted demand for risky equities

Sensex climbs 639 pts, Nifty tops 15,800;Signs of a strong corporate earnings season lifted demand for risky equities
Thursday, July 22, 2021
Taking cues from firm global markets, the Indian market witnessed robust momentum shrugging off concerns over the spread of Covid-19 and FII selling. Global markets continued to hold onto their gains owing to solid earnings reports and turned their focus on the ongoing European Central Bank’s policy announcement. A confirmation by Fed to continue its supportive policy in the upcoming meet despite rising inflationary pressure will be a key factor in maintaining the direction of the rally. The benchmark indices snapped their three-day losing run and closed over a percent higher today(22nd July 2021). The headline S&P BSE Sensex index closed the session at 52,837 levels, up 639 points while the broader Nifty50 shut shop at 15,825, up 193 points. The broader markets, on the other hand, outperformed and rallied over 1.5 percent higher each. Read more

Closing Bell:Sensex gains, 639 points, Nifty at 15824.05

Closing Bell:Sensex gains, 639 points, Nifty at 15824.05
Thursday, July 22, 2021
At close, the Sensex was up 638.70 points or 1.22% at 52,837.21, and the Nifty was up 191.90 points or 1.23% at 15,824 on the back of positive global cues. Tech Mahindra was the top gainer followed by Bajaj Finance, Bharti Airtel, and Bajaj Finserv. Only HUL, Bajaj Auto, Asian Paints, and Mahindra & Mahindra closed with losses. About 2131 shares have advanced, 1054 shares declined, and 128 shares are unchanged. The Nifty Metal index added over 3 percent on the NSE, trailed by the Nifty IT and Realty indices, up around 2 percent each. Except for FMCG, all other sectoral indices ended in the green.BSE midcap and smallcap indices rose 1.5 percent each. India VIX closed 10% lower.

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.

Closing Bell: Sensex down 354 points, Nifty at 15632.10

Closing Bell: Sensex down 354 points, Nifty at 15632.10
Tuesday, July 20, 2021
At close, the Sensex was down 354.89 points or 0.68% at 52198.51, and the Nifty was down 120.30 points or 0.76% at 15632.10 for the third consecutive session in July 20 dragged by the metal, realty, and financial names. Asian Paints was the top Sensex gainer, followed by Ultratech Cement, Bajaj Auto, HUL, Nestle India, Maruti, TCS, Infosys, and Bajaj Finserv. On the other hand, IndusInd Bank was the worst Sensex performer, followed by Tata Steel, and Bharti Airtel. About 1109 shares have advanced, 2056 shares declined, and 107 shares are unchanged. Among sectors, except FMCG all other indices ended lower. BSE Midcap and Smallcap indices fell over 1 percent each. India VIX gained 4.18%.

This correction is good for the markets

This correction is good for the markets
Tuesday, July 20, 2021
The 725 points cut in the Dow yesterday(19th July 2021) is a reflection of the risk-off in markets globally. The rising Covid cases in the US and UK due to the delta variant, inflation concerns, and concerns about growth coming below consensus expectations, are some of the major concerns. It may be all these. The fact is that at high valuations when investors are sitting on big profits, any fear can trigger profit booking and corrections. This correction is good for the markets. In the absence of corrections, the excessive valuations will render the inevitable crash very severe and painful. A major correction is unlikely in India since we have already corrected a bit from the recent record high. Investors may opt for the safety of performing sectors with earnings visibility like IT, pharma, metals, cement, capital goods, and large financials.

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

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

Global sell-off: Investors lose Rs 1.2 trillion as Sensex drops 587 pts

Global sell-off: Investors lose Rs 1.2 trillion as Sensex drops 587 pts
Monday, July 19, 2021
Indian benchmark indices plunged today(19th July 2021) joining the global sell-off on unchecked virus surge in parts of Asia and faltering economic growth. Metal and banks were among the biggest losers on indices. The 30-share pack Sensex declined 586.66 points or 1.1 percent to close at 52,553.40.NSE Nifty dipped 171 points or 1.07 percent to 15,752.40. During the sell-off, equity investors lost Rs 1.16 lakh crore as the total market capitalization of BSE-listed companies rose to Rs 234.46 lakh crore. "Shadowing global sell-off, Indian indices slipped, succumbing to world inflation woes, FOMC meeting next week and rising covid cases. Banks led the domestic downtrend as initial quarterly results pointed to cautious asset quality due to the impact of the second wave,” said an expert. Read more

Closing Bell: Sensex down 586 points, Nifty at 15752.40

Closing Bell: Sensex down 586 points, Nifty at 15752.40
Monday, July 19, 2021
At close, Sensex was 587 points, or 1.10 percent, down at 52,553.40 while the Nifty settled 171 points, or 1.07 percent, lower at 15,752.40 as potential third waves in the US and the UK, and a spike in coronavirus cases in Japan and Australia despite lockdown-like restrictions, stalled growth rally.HDFC Bank was the top loser followed by IndusInd Bank and Axis Bank. NTPC was the top Sensex gainer, followed by Nestle India, Dr. Reddy’s, Sun Pharma, ITC, and Ultratech Cement. The Nifty Bank index declined over 2 percent. The BSE MidCap and SmallCap indices fell 0.58 percent and 0.31 percent, respectively. India VIX closed 8% higher.

Closing Bell:Sensex down 19 points, Nifty at 15923.40

Closing Bell:Sensex down 19 points, Nifty at 15923.40
Friday, July 16, 2021
At Close Sensex closed 19 points, or 0.04 percent, lower at 53,140.06 while the Nifty finished flat at 15,923.40.ITC, Asian Paints, RIL, Sun Pharma, Bharti Airtel, Power Grid Corporation of India, Tata Steel, HDFC were among the top index gainers. On the flip side, Larsen & Toubro, Infosys, ICICI Bank, IndusInd Bank, Axis Bank, HCL Tech, Tech Mahindra, Maruti were top index draggers. Nifty Bank index was down 0.20 percent, and Nifty IT was flat with a negative bias. Nifty Pharma, and Nifty reality, however, was up nearly one percent and the Nifty Metal index gained half a percent. The mid-and small-cap indices meanwhile, outperformed and ended over 0.4 percent higher each

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

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

Sensex hits record high; IT stocks extend rally

Sensex hits record high; IT stocks extend rally
Thursday, July 15, 2021
Market bulls lifted indices to fresh record highs today(15th July 2021) as investors bought realty and IT stocks. The frontline S&P BSE Sensex index ended at a new closing peak of 53,159 levels, up 255 points or 0.48 percent while the Nifty50 index shut shop at 15,924-mark, up 74 points or 0.47 percent. The reassurance by the US Fed to keep interest rates near zero uplifted morale. IT stocks continued to be in demand while auto stocks saw profit booking. IT results out so far including that of majors like TCS NSE -0.36 % and Infosys NSE 0.25 % indicate a strong order pipeline, emboldening the companies to raise their revenue guidance to 14 to 17 percent. This augurs well for the industry and can invite further, said analysts. Read more

Closing Bell: Sensex gains 255 points, Nifty at 15924.20

Closing Bell: Sensex gains 255 points, Nifty at 15924.20
Thursday, July 15, 2021
At Close, the Sensex closed 255 points, or 0.48 percent, higher at 53,158.85 while the Nifty settled with a gain of 70 points, or 0.44 percent, and hits fresh closing high at 15,924.20.L&T, HCL Tech, Tech Mahindra, HDFC Bank, Dr. Reddy’s Laboratories, Infosys, RIL, HUL were among top Sensex gainers. Titan Company, Mahindra and Mahindra, Housing Development Finance Corporation (HDFC), Asian Paints, ITC, Maruti were top index laggards. Nifty Realty emerged as the top sectoral gainer, closing 4.20 percent higher, followed by Nifty IT which rose 1.29 percent. Nifty Auto down 0.40 percent, media down 0.35 percent, PSU bank down 0.33 percent, and pharma down 0.27 percent. The BSE MidCap and SmallCap indices added 0.3 percent and 0.4 percent, respectively.

Closing Bell: Sensex gains 134 points, Nifty at 15853.95

Closing Bell: Sensex gains 134 points, Nifty at 15853.95
Wednesday, July 14, 2021
The BSE Sensex closed the day at 52,904.05, up 134 points or 0.25 percent while the Nifty settled 42 points, or 0.26 percent, up at 15,853.95. Tech Mahindra Infosys, Larsen & Toubro (L&T), and HCL Tech were among the top Sensex gainers while Maruti Suzuki, Hindustan Unilever, Nestle India, and Reliance Industries were the top index laggards. The Nifty IT index was the best sectoral index today, up 3 percent on the NSE. Barring Nifty IT, Nifty Media, Nifty Metal, and Nifty Pharma, all the sectoral indices closed in the red. Bank Nifty ended flat with a negative bias. India VIX closed in the red. The BSE MidCap and SmallCap indices added 0.21 percent and 0.45 percent, respectively. Zomato has subscribed 57 percent till 3:30 PM on the first day of the issue.

MARKET UPDATE: Sensex dipped 135 points to quote at 52,633 levels and Nifty hovering just above 15,750-mark, down 44 points

MARKET UPDATE: Sensex dipped 135 points to quote at 52,633 levels and Nifty hovering just above 15,750-mark, down 44 points
Wednesday, July 14, 2021
Indian benchmark indices were trading lower today(14th July 2021), tracking mixed cues from other Asian markets. The frontline S&P BSE Sensex dipped 135 points, or 0.26 percent, to quote at 52,633 levels. Its NSE counterpart Nifty50, on the other hand, was hovering just above the 15,750-mark, down 44 points. In the broader market, the BSE MidCap index and SmallCap indices were up 0.06 percent and 0.32 percent, respectively. Sectorally, the Nifty IT index advanced over 1 percent while the Nifty Financial Services index dropped 0.6 percent. Nineteen companies including Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services, and Hatsun Agro Product are slated to post their quarterly earnings today. Read more

Closing Bell:Sensex gains 397 points, Nifty at 15812.35

Closing Bell:Sensex gains 397 points, Nifty at 15812.35
Tuesday, July 13, 2021
At Close, the BSE Sensex closed 397 points, or 0.76 percent, higher at 52,769.73 while the Nifty ended with a gain of 120 points, or 0.76 percent, at 15,812.35 lifted primarily by financial stocks. Besides, better-than-expected Chinese export data, which pushed global stocks to record high, further lent support to the markets.ICICI Bank, Housing Development Finance Corporation (HDFC), Axis Bank, Sun Pharmaceuticals, NTPC, Mahindra & Mahindra, and HDFC Bank were among the top index gainers. On the flip side, HCL Tech, Dr. Reddy’s Laboratories, Maruti Suzuki, Tech Mahindra, HUL, TCS, and Infosys were among the top laggards. The BSE MidCap index ended flat while the BSE SmallCap index advanced 0.4 percent. Barring Nifty FMCG, IT, and Media, all the sectoral indices ended in the green. Nifty Bank index gained 1.4 percent while Nifty Financial Services gained 1.5 per cent.

Investors need to be careful reg.current excitement in small-caps

Investors need to be careful reg.current excitement in small-caps
Tuesday, July 13, 2021
The global stock market rally continues unabated with the Dow, Nasdaq, S&P 500, and the pan European Stoxx 600 again setting new record highs. It looks like markets are currently ignoring valuation concerns. The fact that 583 stocks, mostly mid and small-caps were locked in the upper circuit yesterday is an indication of the frenzied retail activity in markets. These are warning signals to investors. However, the news from the inflation front is positive with June CPI coming at 6.26% against an expectation of 6.5%. This gives room for the RBI to continue on the accommodative mode further strengthening the bulls. While remaining invested in high-quality stocks investors should be careful regarding investments in small-caps, according to market analysts.

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

Closing Bell:Sensex ends flat, Nifty at 15692.60

Closing Bell:Sensex ends flat, Nifty at 15692.60
Monday, July 12, 2021
At close, the Sensex was down 13.50 points or 0.03% at 52372.69, and the Nifty was up 2.80 points or 0.02% at 15692.60 ends 327 pts down from the day’s high. UltraTech Cement, ICICI Bank, Maruti Suzuki, State Bank of India (SBI), Axis Bank, Kotak Mahindra Bank among the top index gainers. Bajaj Finserv, HDFC Banka, and Hindustan Unilever Ltd (HUL) were top Sensex laggards. About 1889 shares have advanced, 1163 shares declined, and 149 shares are unchanged. The Nifty Realty index zoomed 3.6 percent on the NSE while the Nifty IT index slipped 0.4 percent. Nifty Auto indices ended in the green.The BSE MidCap and SmallCap indices rallying 0.40 percent and 0.75 percent, respectively.

Closing Bell: Sensex down 183 points, Nifty at 15689.80

Closing Bell: Sensex down 183 points, Nifty at 15689.80
Friday, July 9, 2021
At close, the Sensex was down 182.75 points or 0.35% at 52,386.19, and the Nifty was down 38.10 points or 0.24% at 15,689.80. Tata Steel was the top gainer, followed by Bajaj Auto, Bharti Airtel, and NTPC. On the other hand, Bajaj Auto was the top loser followed by TCS, HDFC Bank, Axis Bank, and Reliance Industries. About 1693 shares have advanced, 1252 shares declined, and 107 shares are unchanged. The Nifty Private Bank index was the biggest drag, down 0.6 percent. On the upside, the Nifty Realty index zoomed 2.4 percent and metal 2 percent. BSE midcap and smallcap indices rose 0.4-0.6 percent. India VIX slipped 4%.

Closing Bell: Sensex down 485 points, Nifty at 15727.90

Closing Bell: Sensex down 485 points, Nifty at 15727.90
Thursday, July 8, 2021
At close, the Sensex was down 485.82 points or 0.92% at 52568.94, and the Nifty was down 151.80 points or 0.96% at 15727.90. Reliance Industries, ICICI Bank, and HDFC Bank were the top losers in the Sensex pack. Tech Mahindra was the top gainer followed by Bajaj Auto, Power Grid, HCL Technologies, and IndusInd Bank.About 1277 shares have advanced, 1648 shares declined, and 112 shares are The nifty Metal index fell 2.19%, the Nifty PSU Bank index closed 1.96% lower and Nifty Bank ended 1.39% in the red. Only the Nifty IT index ended in the green-up 0.05 percent. The BSE MidCap and BSE SmallCap indices slipped 0.37 percent and 0.09 percent, respectively. India VIX rose 11%.unchanged.

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

Closing Bell: Sensex gains 193 points, Nifty at 15879.65

Closing Bell: Sensex gains 193 points, Nifty at 15879.65
Wednesday, July 7, 2021
At close, the Sensex was up 193.58 points or 0.37% at 53054.76, and the Nifty was up 61.40 points or 0.39% at 15879.70. Tata Steel, Bajaj Finserv, and HDFC were the top gainers on Sensex. Titan, Maruti Suzuki India, and Reliance Industries were the top laggards. About 1737 shares have advanced, 1372 shares declined, and 136 shares are unchanged. The reality and metal indices rose 2 percent each. All other key sectoral indices gained up to 0.6 percent each, except the Nifty Auto index, which slipped 0.07 percent. The BSE MidCap and SmallCap indices rallied 0.58 percent and 0.38 percent, respectively. India VIX closed 0.50 percent lower

Closing Bell:Sensex ends flat, Nifty at 15818.25

Closing Bell:Sensex ends flat, Nifty at 15818.25
Tuesday, July 6, 2021
At Close, the Sensex was down 18.82 points or 0.04% at 52861.18, and the Nifty was down 16.10 points or 0.10% at 15818.30. UltraTech Cement, HDFC Bank, and Bajaj Finance were the top gainers on Sensex while Tech Mahindra, TCS, Maruti Suzuki India, Tata Motors, and Reliance Industries were among the drags. About 1557 shares have advanced, 1624 shares declined, and 121 shares are unchanged. The Nifty Bank was the top-performing index, up 0.9 percent, trailed by the Nifty Financial Services index, up 0.8 percent. Nifty Media and Nifty private bank index closed with gains. On the flip side, the Nifty Auto was the biggest loser, down 1.8 percent. The BSE MidCap index settled 0.12 percent higher while the BSE SmallCap index closed 0.26 percent lower.

Closing Bell: Sensex gains 395 points, Nifty at 15834.35

Closing Bell: Sensex gains 395 points, Nifty at 15834.35
Monday, July 5, 2021
At Close, the Sensex was up 395.33 points or 0.75% at 52,880, and the Nifty was up 112.20 points or 0.71% at 15,834.40 as bulls asserted control on Dalal Street. State Bank of India was the top index gainer, followed by Tata Steel, Bajaj Finserv, and Larsen & Toubro. Tech Mahindra, Dr. Reddy’s, HCL Technologies, Titan, and Bharti Airtel were the only Sensex constituents to close in Red. All, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 percent. The BSE SmallCap index gained 0.87 percent and the BSE Midcap index gained 0.35 percent higher.India VIX ended in the red.

Asset managers worried about the steep run-up in mid-, small-cap space

Asset managers worried about the steep run-up in mid-, small-cap space
Friday, July 2, 2021
The mid and small-cap indices, which underperformed large-caps until early 2020, have covered lost ground, gaining 73 percent and 104 percent, respectively, in the last year. “The economy is likely to see a cyclical upturn which makes us feel that the outlook for the broader market is likely to be good going forward. However, the euphoric rise in many poor-quality small-cap names driven by higher retail participation is a cause for concern,” say experts. On aggregate, the entire universe of Flexi cap schemes, which invest across market capitalisations, had 71.5 percent of their assets invested in large caps, 23.4 percent in mid-caps, and 5 percent in small caps as of May 31, data. Read more

Closing Bell: Sensex gains 166 points, Nifty at 15722.20

Closing Bell: Sensex gains 166 points, Nifty at 15722.20
Friday, July 2, 2021
At close, the Sensex was up 166.07 points or 0.32% at 52484.67, and the Nifty was up 42.20 points or 0.27% at 15722.20. Reliance Industries and ICICI Bank were the top gainers on BSE Sensex, followed by the State Bank of India, HDFC, and Mahindra & Mahindra. Tata Steel, Power Grid, and Asian Paints were the top laggards. About 1874 shares have advanced, 1279 shares declined, and 120 shares are unchanged. The Nifty Pharma index was the top gainer, up 0.6 percent, followed by the Nifty Bank index, up 0.4 percent. Conversely, the Nifty Metal index was the top sectoral loser on the NSE, down 1.5 percent.BSE midcap ended flat, while smallcap index added 1 percent. India VIX dived 6%.

Closing Bell: Sensex down 164 points, Nifty at 15680.00

Closing Bell: Sensex down 164 points, Nifty at 15680.00
Thursday, July 1, 2021
At close, the Sensex was down 164.11 points or 0.31% at 52318.60, and the Nifty was down 41.50 points or 0.26% at 15680 as new Delta and Delta plus variants of novel coronavirus push Covid-19 cases higher across the globe. Bajaj Finserv, Infosys, UltraTech Cement, Tech Mahindra, IndusInd Bank, Reliance Industries Ltd (RIL), HDFC Bank, Bharti Airtel, TCS were among the top index draggers. While Dr. Reddy’s Lab, Bajaj-Auto, Sun Pharma, Asian Paints, Maruti Suzuki, Titan Company, SBI were Sensex gainers. About 1632 shares have advanced, 1516 shares declined, and 118 shares are unchanged. The Nifty Auto index and Nifty Pharma ended 0.8 percent higher, PSU Bank ended in the green, WhileNifty Bank fell 0.25 percent. Selling was seen in the energy, bank, metal, infra, and IT names. The BSE MidCap index dipped 0.19 percent. However, the BSE SmallCap index added 0.32 percent.

MARKET UPDATE:Volatile market;Sensex traded around 52,480 levels, and Nifty hovered near the 15,750-mark

MARKET UPDATE:Volatile market;Sensex traded around 52,480 levels, and Nifty hovered near the 15,750-mark
Thursday, July 1, 2021
The benchmark indices in India fluctuated between gains and losses in early deals today(1st July 2021), amid mixed cues from other Asian markets. The S&P BSE Sensex traded around 52,480 levels, and the broader Nifty50 index hovered near the 15,750-mark. IndusInd Bank, Infosys, and Ultratech Cement were the top Sensex laggard. On the other hand, Mahindra & Mahindra, Bajaj Auto, and Asian Paints were the top Sensex gainers. The Nifty sectoral indices were largely in the green, led by the Nifty Auto index, up 0.8 percent. In the broader markets, the S&P BSE MidCap index traded flat, while the SmallCap index ticked up 0.2 percent.

Market may again favour the bulls soon

Market may again favour the bulls soon
Wednesday, June 30, 2021
The market mood is changing towards a bull run again, according to some analysts. The major positives for the market now are the steadily declining fresh Covid cases and fast-rising vaccinations, which will facilitate the further easing of restrictions and rebound in economic activity. From the market perspective, the fact that FPIs have ceased selling and the DIIs have turned aggressive buyers are strong positives. Therefore, it is quite possible that the market may again favour the bulls and the 'buy on dips strategy' may resume. Since exports are doing well & INR has depreciated, exporters are likely to do well. In banking, the share of the private sector in credit approvals has risen above 36% which is positive for the leading private bank majors.

FDI in India is to pick up going ahead on the back of a strong rebound in growth

FDI in India is to pick up going ahead on the back of a strong rebound in growth
Tuesday, June 29, 2021
After a March 2020 low, the valuation of Indian stock market has become a concern now, HSBC said in their Asian outlook conference for the second half of 2021. It expects foreign direct investment (FDI) to pick up pace going ahead as the economic recovery gathers steam. “FDI in India is likely to pick up going ahead on the back of a strong rebound in growth. Any pullback in FDI, I think, will only be temporary. The government’s latest stimulus measures announced Monday are marginally positive. However, relative to the economic dislocation seen in India, the package is not very large. Most emerging markets (EMs) witnessed healthy flows for the most part of FY21 as global central banks, especially the US Federal Reserve (US Fed), remained ‘accommodative’ and pushed liquidity to help revive economic growth. Read more

S&P Global cuts India's growth forecast to 9.5% from 11%

S&P Global cuts India's growth forecast to 9.5% from 11%
Tuesday, June 29, 2021
S&P Global cut its growth forecasts for some of Asia's top economies including India, the Philippines, and Malaysia on Monday, offsetting upgrades to China and South Africa, and much of Latin America. The estimates, which feed into S&P's closely-followed sovereign ratings, saw India's growth projection cut to 9.5% from 11% due to its COVID-19 outbreak, the Philippines' lowered to 6% from 7.9% and Malaysia's downgraded to 4.1% from 6.2%.In contrast, China's forecast was surged up to 8.3% from 8%, Brazil's was upgraded to 4.7% from 3.4%, Mexico's to 5.8% from 4.9% while those of South Africa, Poland, and Russia were lifted to 4.2%, 4.5%, and 3.7%, respectively, from 3.6%, 3.4%, and 3.3%. "The top risk facing emerging market economies (EMs) is a slower-than-expected rollout of the vaccines," S&P's economists said in a news report, adding that the pandemic would only subside once vaccinations "reach a level consistent with herd immunity". Read more

Closing Bell: Sensex down 189 points, Nifty at 15748.45

Closing Bell: Sensex down 189 points, Nifty at 15748.45
Tuesday, June 29, 2021
At Close, the Sensex was down 185.93 points or 0.35% at 52,549.66, and the Nifty was down 66.20 points or 0.42% at 15,748.50. Power Grid Corporation of India, Hindustan Unilever Ltd (HUL), Dr. Reddy’s Laboratories, Nestle India, IndusInd Bank, Asian Paints, RIL, Titan were among top Sensex gainers. On the flip side, Kotak Mahindra Bank, ICICI Bank, Tech Mahindra, Bajaj-Auto, Mahindra & Mahindra, SBI, Axis Bank were among the top index losers. About 1440 shares have advanced, 1536 shares declined, and 87 shares are unchanged. The Nifty PSU Bank, Auto, Metal, and PSB index slipped between 1 percent and 1.5 percent on the NSE While the Nifty FMCG index and Nifty Pharma gained half a percent. The BSE MidCap and SmallCap indices closed 0.42 per cent and 0.07 percent lower, respectively

Closing Bell: Sensex down 189 points, Nifty at 15814.70

Closing Bell: Sensex down 189 points, Nifty at 15814.70
Monday, June 28, 2021
At close, the Sensex was down 189.45 points or 0.36% at 52735.59, and the Nifty was down 45.70 points or 0.29% at 15814.70 even as Finance Minister Nirmala Sitharaman announced relief measures for an economy, battered by the second wave of Covid-19, and which is bracing for a possible third wave. Asian Paints, Housing Development Finance Ltd (HDFC), State Bank of India, Reliance Industries Ltd (RIL), NTPC were among the top Sensex gainers. Maruti Suzuki, TCS, Larsen & Toubro, Bajaj-Auto, Mahindra & Mahindra, Infosys, HCL Tech, Bharti Airtel were top index laggards. About 1826 shares have advanced, 1420 shares declined, and 147 shares are unchanged. Barring Nifty IT and Nifty Media indices, all the Nifty sectoral indices were trading in the green, lead by gains in Nifty PSU Bank and Nifty Metal which gained 1-2 percent. BSE Midcap and Smallcap indices up 0.4 percent each.

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

Ashok Leyand gains 9 percent after posting Quarter4 results.

Ashok Leyand gains 9 percent after posting Quarter4 results.
Friday, June 25, 2021
Shares of Ashok Leyland zoomed 9 per cent to Rs 129.35 on the BSE in intra-day trade on Friday as the commercial vehicle maker posted a net profit of Rs 241.17 crore in the March 2021 quarter. The company had incurred a net loss of Rs 57.32 crore in the same quarter previous year. The Company's Market share improved 0.8 per cent to 28.9 per cent in the March 2021 quarter (Q4FY21) from 28.1 per cent in December 2020 quarter. The revenue from the operations surged 80 per cent to Rs 7,000.49 crore in the March 2021 quarter from Rs 3,872 crore in the same quarter previous year. Earnings before interest, tax, depreciation and amortization (EBITDA) were at Rs 533.7 crore and the margin expanded to 7.6 percent from 4.7 percent (YoY).For the full financial year 2020-21, the company has posted a net loss of Rs 313.68 crore as against a profit of Rs 239.65 crore in the financial year 2019-20. Read more

Closing Bell: Sensex gains 226 points, Nifty at 15860.35

Closing Bell: Sensex gains 226 points, Nifty at 15860.35
Friday, June 25, 2021
At Close, the Sensex was up 226.04 points or 0.43% at 52925.04, and the Nifty was up 69.90 points or 0.44% at 15860.40 as hefty buying in metals, financials, and pharma sectors lifted indices for the second day. Tata Steel was the best performing stock on BSE Sensex followed by SBI, Axis Bank, and ICICI Bank. while top losers included Reliance Industries, Titan Company, NTPC, HUL, and Asian Paints. About 1737 shares have advanced, 1393 shares declined, and 142 shares are unchanged. The Nifty Metal index zoomed 2.5 percent. Nifty Bank, Private Bank, Pharma, and auto indices, rose between 0.7 percent and 1.6 percent. While Nifty FMCG, down 0.66%.The BSE MidCap and SmallCap indices advanced 1 percent and 0.4 percent, respectively.

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.

Closing Bell:Sensex gains 392.92 points Nifty at 15790.45

Closing Bell:Sensex gains 392.92 points Nifty at 15790.45
Thursday, June 24, 2021
At Close, Sensex ended up 392.92 points or 0.75% at 52699.00, and the Nifty jumped 103.50 points or 0.66% at 15790.50 led by Nifty IT. Infosys, TCS, and Tech Mahindra were the top Sensex gainer. While RIL, Bharti Airtel Power Grid Corporation and HDFC were the top laggards. About 1415 shares have advanced, 1717 shares declined, and 135 shares are unchanged. The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79 percent, leading the gainers, while the Nifty PSU Bank index, down 1.4 percent, bled the most. Bank Nifty ended in the green. Nifty Media and Nifty Pharma closed in the red. The S&P BSE MidCap and SmallCap indices ending 0.51 and 0.22 percent lower, respectively. India VIX closed 1% lower.

Closing Bell:Sensex down 282 points, Nifty at 15686.95

Closing Bell:Sensex down 282 points, Nifty at 15686.95
Wednesday, June 23, 2021
At close, the Sensex was down 282.63 points or 0.54% at 52306.08, and the Nifty was down 85.80 points or 0.54% at 15687 as investors booked profits at higher levels. Maruti Suzuki India was the top gainer followed by Titan Company and Bajaj Finserv. Larsen & Toubro, Kotak Mahindra Bank, Tata Steel, and HDFC were the worst performers. About 1335 shares have advanced, 1629 shares declined, and 116 shares are unchanged. Except for the auto segment, all other sectoral indices settled the session in the red with the Nifty Metal 1 percent and IT 0.87 percent indices nursing the steepest losses. The BSE MidCap and SmallCap indices 0.26 percent and 0.43 percent lower, respectively. India VIX surged 4%

MARKET UPDATE:Sensex hovered around 52,680 levels, up 90 points and Nifty topped the 15,800-mark

MARKET UPDATE:Sensex hovered around 52,680 levels, up 90 points and Nifty topped the 15,800-mark
Wednesday, June 23, 2021
The benchmark indices in India traded flat with a positive bias in morning deals today(23rd June 2021)after a volatile start to the session. The S&P BSE Sensex hovered around 52,680 levels, up 90 points, or 0.17 percent, and the broader Nifty50 index topped the 15,800-mark. IndusInd Bank and Tata Steel were the top Sensex gainers. All the Nifty sectoral indices traded in the green, led by the Nifty Metal index, up 0.8 percent. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index ticked up 0.2 percent. Sixty-four companies, including Apollo Hospitals Enterprise, Mcleod Russel India, Allcargo Logistics, and HCC are scheduled to release their quarterly earnings today. Read more

Indian firms' market capitalisation grew at the fastest pace last year:SBI

Indian firms' market capitalisation grew at the fastest pace last year:SBI
Tuesday, June 22, 2021
Last year Indian companies' market capitalization has grown at the fastest pace among major economies in spite of contraction in GDP, according to economists from SBI. Further, retail investors have shown higher interest in markets and their numbers have increased by 1.42 crore in FY21 and another 44 lakh in April and May, they said in a note, wondering if this will be a lasting behavioral change or is transitory. The economists at SBI attributed the growth in equity markets to lower returns on other financial instruments amid a low rates regime, increase in global liquidity, and even a tendency to spend more time at home because of mobility restrictions which led many to trade more. The 30-share benchmark index BSE has rallied from 28,000 points in early April 2020, to over 52,000 points at present. Read more

Closing Bell: Sensex up 14 points, Nifty at 15772.75

Closing Bell: Sensex up 14 points, Nifty at 15772.75
Tuesday, June 22, 2021
At close, the Sensex was up 14.25 points or 0.03% at 52588.71, and the Nifty was up 26.30 points or 0.17% at 15772.80 as investors booked profit on Tuesday ahead of testimony from US Fed Chair Jerome Powell later in the day. Maruti Suzuki India was the top gainer followed by Ultratech Cement, Larsen & Toubro, and TCS. On the downside, Asian Paints, Bajaj Finance, HUL, Nestle India, Sun Pharma, Kotak Bank, Tech M, and IndusInd Bank underperformed the index. About 1839 shares have advanced, 1136 shares declined, and 97 shares are unchanged. The Nifty Auto index was the best performing index, up 1.4 percent. The Nifty Bank and Realty indices, on the other hand, slipped 0.3 percent each. The small-cap stocks gained 0.83 percent higher, While the BSE MidCap index closed 0.33 percent up. India VIX, the volatility index closed 2% lower.

MARKET UPDATE:Sensex was up 360 points at 52,930 levels and Nifty testing the 15,850-mark

MARKET UPDATE:Sensex was up 360 points at 52,930 levels and Nifty testing the 15,850-mark
Tuesday, June 22, 2021
The benchmark indices in India rose over half a percent in early deals today(22nd June 2021), amid favourable cues from other global markets. The S&P BSE Sensex was up 360 points, or 0.69 percent, at 52,930 levels and the Nifty50 index was testing the 15,850-mark. Maruti Suzuki rose 2 percent and was the top Sensex gainer, followed by IndusInd Bank, Titan, ICICI Bank, and State Bank of India (all up over 1%). The Nifty sectoral indices were painted green, led by the Nifty PSU Bank index, up 1.9 percent. The broader markets, meanwhile, outran their benchmark peers. The S&P BSE MidCap and SmallCap indices traded 0.9 percent and 1.2 percent higher, respectively. Seventy-nine companies, including NMDC, Aster DM Healthcare, Bharat Electronics, and Jaypee Infratech are scheduled to release their quarterly earnings today.

These stocks show positive momentum

These stocks show positive momentum
Monday, June 21, 2021
Taking cues from global markets, the Indian benchmark indices have declined over 2 percent from recent peaks while the Nifty Bank index has tumbled over 5.50 percent from its peak. Today(21st June 2021), the Indian benchmark indices clawed their way out of the early lows but were still trading half a percent down. The weakness, however, can be seen as an opportunity by investors as major medium-term supports are not broken, technical charts suggest. Here are some stocks showing positive momentum. Read more

Closing Bell: Sensex gains 230 points, Nifty at 15746.50

Closing Bell: Sensex gains 230 points, Nifty at 15746.50
Monday, June 21, 2021
At Close, Sensex closed the day 230 points, or 0.44 percent, higher at 52,574.46 while the Nifty settled with a gain of 63 points, or 0.40 percent, at 15,746.50 reversing the steep losses logged in the morning, amid board-based buying. NTPC, Titan Company, and State Bank of India closed as the top index performers while Tech Mahindra, Maruti, and TCS were the worst performers. The Nifty PSU Bank index ended 4 percent higher amid reports that the two financial institutions might be privatized. The Nifty Realty index was up 2 percent and the Nifty Metal, Private Bank, Bank, and FMCG indices gained up to 1 percent each. On the contrary, the Nifty IT and Auto indices slipped 0.2 percent and 0.36 percent, respectively. The BSE MidCap and SmallCap indices gained 0.8 percent each. India VIX ended flat.

MARKET UPDATE:Sensex slid 350 points to 51,960 levels and Nifty around the 15,550-mark

MARKET UPDATE:Sensex slid 350 points to 51,960 levels and Nifty around the 15,550-mark
Monday, June 21, 2021
The benchmark indices in India fell over half a percent in early deals today(21st June 2021), tracking weak cues from other Asian markets. The S&P BSE Sensex slid 350 points, or 0.68 percent, to 51,960 levels and the broader Nifty50 index was around the 15,550-mark. ICICI Bank fell 2 percent and was the top Sensex laggard, followed by Mahindra & Mahindra, State Bank of India, and IndusInd Bank (all down over 1%). The Nifty sectoral indices were painted red, with Nifty Metal and Nifty PSU Bank indexes, down 2 percent each, bleeding the most. The S&P BSE MidCap and SmallCap indices traded 0.9 percent and 0.7 percent down in the broader markets, respectively. Seventy companies, including Oil India, Info Edge, Bharat Dynamics, TCNS Clothing, and VST Tillers Tractors, are slated to post their quarterly numbers.

Closing Bell:Sensex up 21 points, Nifty at 15683.35

Closing Bell:Sensex up 21 points, Nifty at 15683.35
Friday, June 18, 2021
At Close, the Sensex was up 21.12 points or 0.04% at 52344.45, and the Nifty was down 8.00 points or 0.05% at 15683.40, zooms 743 pts from the day’s low. HUL, Bajaj-Auto, Bharti Airtel, Bajaj Finserv, HDFC Bank, IndusInd Bank, Infosys, RIL, Titan Company were top Sensex gainers. About 1182 shares have advanced, 1964 shares declined, and 126 shares are unchanged. On the flip side, ONGC, NTPC, Power Grid Corporation of India, Mahindra & Mahindra (M&M), Nestle India, SBI were top index losers. The Nifty PSU Bank declined nearly 2 percent while the Nifty Auto, Metal, and Realty indices slipped up to 1 percent each. On the upside, the Nifty FMCG index ended 0.29 percent higher. The BSE MidCap and SmallCap indices closed 0.70 percent and 0.89 percent down, respectively.

Closing Bell: Sensex down 179 points, Nifty at 15691.40

Closing Bell: Sensex down 179 points, Nifty at 15691.40
Thursday, June 17, 2021
At close, the Sensex was down 178.65 points or 0.34% at 52323.33, and the Nifty was down 76.10 points or 0.48% at 15691.40 amid weak global cues after US Fed signaled higher rates in 2023 in its policy outcome on Wednesday. IndusInd Bank, NTPC, Dr Reddy’s Lab, Maruti Suzuki, Axis Bank, Bajaj-Auto, Bharti Airtel, HDFC Bank, State Bank of India (SBI), Housing Development Finance Corporation (HDFC), were top index losers. On the flip side, Tata Consultancy Services (TCS), UltraTech Cement, Infosys, Asian Paints, Tech Mahindra, RIL, HCL Tech were index gainers. About 1347 shares have advanced, 1784 shares declined, and 149 shares are unchanged. The Nifty Metal index slipped 2 percent, followed by the Nifty Realty index down1.6 percent and the Nifty PSB and Auto indices around 1.5 percent each. The Nifty FMCG and IT indices, on the other hand, gained 0.14 percent and 0.57 percent, respectively. The BSE MidCap index cracked 1.3 percent while the BSE SmallCap index slipped 0.58 percent.

MARKET UPDATE:Sensex fell 210 points to 52,290 and Nifty traded below the 15,700-mark

MARKET UPDATE:Sensex fell 210 points to 52,290 and Nifty traded below the 15,700-mark
Thursday, June 17, 2021
In Indian markets, benchmark indices followed the losses in global markets and edged lower in early deals today(17th June 2021) amid the US Federal Reserve's indication that it could begin raising interest rates in 2023. The S&P BSE Sensex fell 210 points to 52,290 and the broader Nifty50 index traded below the 15,700-mark. HDFC Bank, HDFC, Axis Bank, and Kotak Mahindra Bank fell 1 percent, each, and were the top Sensex laggards. All the Nifty sectoral indices were trading in the red, with the Nifty Metal index, down 1.5 percent, bleeding the most. In the broader markets, the S&P BSE MidCap index fell 0.6 percent, while the SmallCap index was flat. Thirty-three companies, including Power Grid Corporation, Natco Pharma, Jammu & Kashmir Bank, DB Corp, and Khadim India are scheduled to release their quarterly earnings today. Read more

Newgen Software shares hit 52-week high after promoters sell 10.57% stake

Newgen Software shares hit 52-week high after promoters sell 10.57% stake
Wednesday, June 16, 2021
Shares of Newgen Software Technologies hit a 52 week high, surging 4 percent to Rs 519.45, on the BSE in Wednesday's intra-day deals after the promoters sold their 10.57 percent stake in the company via open market on Tuesday. Three promoters of Newgen Software Technologies Ltd on Tuesday offloaded shares worth over Rs 335 crore of the firm which represents a 10.57 percent equity stake in the Company through open market transactions. The aforesaid stake in the Company was sold at an average price of approximately Rs 454 per equity share, which was at a marginal discount to the closing price of the stock on NSE on June 14, 2021, of Rs 458.3 per equity share, it said. Read more

Closing Bell:Sensex down 271 points, Nifty at 15767.55

Closing Bell:Sensex down 271 points, Nifty at 15767.55
Wednesday, June 16, 2021
At Close, The BSE Sensex index fell 271 points, or 0.51 percent, to close at 52,501.98 while the Nifty ended 102 points, or 0.64 percent, lower at 15,767.55.The top BSE Sensex laggards were Power Grid Corporation of India, IndusInd Bank, Reliance Industries Ltd (RIL), L&T, and UltraTech Cement, among others. On the flip side, stocks of Nestle India, ONGC, NTPC, Hindustan Unilever Ltd (HUL), Infosys, ITC, and TCS were the top gainers.The Nifty Metal index skidded 3 percent, the Nifty PSU Bank and Realty indices dropped over 1 percent each.BSE Basic Materials, energy, industrials, telecom, capital goods, consumer durables, power, and realty indices fell over a percent each. On the contrary, the Nifty FMCG and IT indices gained 0.5 percent and 0.25 percent, respectively. The BSE MidCap index slipped 0.95 percent while the BSE SmallCap index dipped 0.68 percent.

MARKET UPDATE:Sensex traded 100 points down at 52,690 levels and Nifty slipped below the 15,850-mark

MARKET UPDATE:Sensex traded 100 points down at 52,690 levels and Nifty slipped below the 15,850-mark
Wednesday, June 16, 2021
The Indian benchmark indices edged lower in early deals today(16th June 2021), amid weakness in financials and pharma stocks. The S&P BSE Sensex traded 100 points down at 52,690 levels and the broader Nifty50 index slipped below the 15,850-mark. The Nifty sectoral indices traded mixed, with gains in the Nifty FMCG index, up 0.35 percent, being offset by the Nifty Bank index, down 0.3 percent. Thirty-two companies, including RITES, CESC, Welspun Enterprises, Commercial Syn Bags, DIC India, and Kakatiya Cement Sugar are set to release their quarterly earnings today. Read more

Closing Bell:Sensex gains 221.52 points, Nifty at 15869.25

Closing Bell:Sensex gains 221.52 points, Nifty at 15869.25
Tuesday, June 15, 2021
At close, the Sensex was up 221.52 points or 0.42% at 52773.05, and the Nifty was up 57.40 points or 0.36% at 15869.30. Asian Paints, Axis Bank, ICICI Bank, Hindustan Unilever Ltd, IndusInd Bank, Infosys, HDFC Bank, Nestle India were among the top BSE Sensex gainers. On the contrary, Bajaj Finserv, Dr. Reddy’s, Titan Company, Sun Pharma, Bajaj Finance, Power Grid Corporation of India, TCS, Tech Mahindra were among the top draggers. About 1894 shares have advanced, 1256 shares declined, and 139 shares are unchanged. Sectorally, the Nifty Pharma, PSU Bank, and Metal indices were the losers on the NSE, down 0.8 percent, 0.26 percent, and 0.05 percent, respectively. On the upside, the Nifty Media index (up 2 percent) and the Nifty Realty index up 1.3 percent were the top gainers. The BSE MidCap index gained 0.6 percent higher and the BSE SmallCap index too gained 0.4 percent.

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.

Closing Bell:Sensex up 76.77 points, Nifty at 15811.85

Closing Bell:Sensex up 76.77 points, Nifty at 15811.85
Monday, June 14, 2021
At close, the Sensex was up 76.77 points or 0.15% at 52551.53, and the Nifty was up 12.50 points or 0.08% at 15811.90. Reliance Industries Ltd (RIL), Bajaj Finance, Power Grid Corporation of India, ONGC, Infosys, L&T, TCS, SBI were among top Sensex gainers. On the flip side, Kotak Mahindra Bank was the top index laggard, followed by NTPC, Housing Development Finance Corporation (HDFC), Tech Mahindra, Sun Pharma. About 1624 shares have advanced, 1625 shares declined, and 150 shares are unchanged. The Nifty PSU Bank index ended the day as the top gainer on the NSE, up 1 percent, while the Nifty Realty index closed as the worst performers, down 1.4 percent. The BSE MidCap index ended the day in the red, down 0.7 percent, While the BSE SmallCap index closed 0.2 percent lower.

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

Closing Bell: Sensex up174.25 points, Nifty at 15799.35

Closing Bell: Sensex up174.25 points, Nifty at 15799.35
Friday, June 11, 2021
At close, the Sensex was up 174.29 points or 0.33% at 52474.76, and the Nifty was up 61.60 points or 0.39% at 15799.40 hitting new lifetime highs. Axis Bank, ICICI Bank, L&T, HDFC Life, and SBI were the top losers. While Dr. Reddy’s, Power Grid, TCS, HCL Tech, and Infosys were the top gainers on Sensex. About 1744 shares have advanced, 1368 shares declined, and 138 shares are unchanged. The Nifty Metal index zoomed nearly 3 percent on the NSE, followed by the Nifty IT and Pharma indices, up over 1 percent higher each. The BSE MidCap index, on the other hand, closed 0.14 percent up while the BSE SmallCap index ended 0.4 percent higher. India VIX, the volatility gauge was down 6% on closing.

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.

Closing Bell: Sensex gains 359 points, Nifty at 15737.75

Closing Bell: Sensex gains 359 points, Nifty at 15737.75
Thursday, June 10, 2021
At close, the Sensex was up 358.83 points or 0.69% at 52,300.47, and the Nifty was up 102.40 points or 0.65% at 15,737.80 led by the realty, PSU bank, metal and pharma names. Bajaj Finance was the top gainer followed by Bajaj Finserv, SBI, IndusInd Bank, and ITC. Bajaj Auto, Maruti, Power Grid, and HCL Technologies were the top laggards. About 2254 shares have advanced, 699 shares declined, and 116 shares are unchanged. All the Nifty sectoral indices, except the Nifty Auto index, closed in the green, with the Nifty Realty index and the Nifty PSU Bank index ending 3 percent and 2 percent higher, respectively. The S&P BSE MidCap and SmallCap indices ended the session 1.26 percent and 1.73 percent higher, respectively.

MARKET UPDATE:Sensex up 160 points at 52,100 levels and Nifty hovered around the 15,700-mark

MARKET UPDATE:Sensex up 160 points at 52,100 levels and Nifty hovered around the 15,700-mark
Thursday, June 10, 2021
The benchmark indices in India were trading nearly half a percent in early deals today(10th June 2021), amid favorable cues from other Asian markets. The S&P BSE Sensex was up 160 points at 52,100 levels and the Nifty50 index hovered around the 15,700-mark. PowerGrid, Tech Mahindra, IndusInd Bank, and Bajaj Finance rose 1 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices, except Nifty FMCG, traded in the green, led by the Nifty Metal index, up 1.3 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices ruled 0.85 percent and 1.32 percent higher, respectively. Sixty-four companies, including Century Plyboards, Mazagon Dock Shipbuilders, NHPC, and SAIL, are scheduled to announce their quarterly earnings 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

Closing Bell: Sensex down 53 points, Nifty at 15740.10

Closing Bell: Sensex down 53 points, Nifty at 15740.10
Tuesday, June 8, 2021
At Close, Sensex closed 53 points, or 0.10 percent, lower at 52,275.57 while the Nifty settled with a nominal loss of 12 points, or 0.07 percent, 15,740.10. 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. Nifty metal and financial stocks remained under pressure with the Nifty Bank, PSU Bank, and Metal indices closing up to 1.4 percent lower. On the upside, the Nifty IT, FMCG, and Pharma indices gained around 1 percent each. The BSE MidCap index gained 0.36 percent, While SmallCap index closed 0.9 percent higher.

MARKET UPDATE:Sensex fell 110 points at 52,210 levels and Nifty slipped below the 15,750-mark

MARKET UPDATE:Sensex fell 110 points at 52,210 levels and Nifty slipped below the 15,750-mark
Tuesday, June 8, 2021
The markets in India slid in morning deals today(8th June 2021), dragged mainly by metals and banks. The S&P BSE Sensex fell 110 points at 52,210 levels and the Nifty50 index slipped below the 15,750-mark. Tech Mahindra, NTPC, Bajaj Finance, and HCL Tech rose 1 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were largely in the red, with the Nifty Metal index, down 2 percent, bleeding the most. Meanwhile, the Nifty IT index was up 1 percent. The broader markets, meanwhile, outran their benchmark indexes, with the S&P BSE MidCap and SmallCap indices trading 0.5 percent and 0.6 percent higher, respectively. Forty-six companies including Engineers India, Petronet LNG, Max Financial Services, and Suven Pharmaceuticals are scheduled to release their quarterly earnings today.

Closing Bell:Sensex gains 228 points, Nifty at 15751.65

Closing Bell:Sensex gains 228 points, Nifty at 15751.65
Monday, June 7, 2021
At Close, Sensex was up 228.46 points or 0.44% at 52328.51, and the Nifty was up 81.40 points or 0.52% at 15751.70 supported by the IT, infra, and energy names. Power Grid was the top Sensex gainer, followed by NTPC, Ultratech Cement, and Reliance Industries. Top losers were Bajaj Finance, Bajaj Finserv, HDFC, JSW Steel, and Divis Labs. About 2284 shares have advanced, 961 shares declined, and 156 shares are unchanged. The Nifty IT, Media, and Private Bank indices ended the session as top gainers, up around 1 percent each, while the Nifty Metal index was the top loser, down 0.5 percent. The BSE MidCap index hit a fresh record peak of 22,739 in intra-day trade but closed at 22,690 levels, up 0.8 percent. The BSE SmallCap index, on the other hand, ended hit a record peak of 24,618 earlier today and ended at 24,609 levels, up 1.4 percent.

MARKET UPDATE:Sensex hovered around 52,160 levels and Nifty near the 15,700-mark

MARKET UPDATE:Sensex hovered around 52,160 levels and Nifty near the 15,700-mark
Monday, June 7, 2021
The markets in India fluctuated between gains and losses in early deals today(7th June 2021), amid positive global cues. The S&P BSE Sensex hovered around 52,160 levels and the Nifty50 index near the 15,700-mark. Bajaj Finance fell over 3 per cent and was the top Sensex laggard, followed by Bajaj Finserv (down 2%). On the other hand, ONGC ticked up over 1 per cent. All the Nifty sectoral indices, except Nifty Financial Services, were painted green, led by Nifty PSU Bank index, up 1 per cent. Thirty-one companies which includ Union Bank of India, Central Bank of India, Mrs Bectors Food Specialities, Jubilant Ingrevia and MRF are slated to post their quarterly numbers today.

Closing Bell:Sensex down 132 points, Nifty at 15670.25

Closing Bell:Sensex down 132 points, Nifty at 15670.25
Friday, June 4, 2021
At close, the Sensex was down 132.38 points or 0.25% at 52,100.05, and the Nifty was down 20.10 points or 0.13% at 15,670.30 after the Reserve Bank of India maintained the status quo and keep its stance accommodative.ONGC, L&T, Tech Mahindra, Mahindra & Mahindra, Power Grid Corporation of India, Bharti Airtel, UltraTech Cement were among the top Sensex gainers. Nestle India, SBI, ICICI Bank, HDFC Bank, HUL, Axis Bank, and Titan were major losers in the Sensex pack. About 1832 shares have advanced, 1279 shares declined, and 138 shares are unchanged. The Nifty Bank index ended 1 percent lower, followed by the Nifty Private Bank and FMCG indices, down 0.8 percent and 0.4 percent, respectively. On the upside, the Nifty Metal and Realty indices clocked gains up to 1.6 percent. The BSE MidCap index advanced 0.63 percent while the BSE SmallCap index added 0.78 percent.

MARKET UPDATE:Sensex up 120 points and hovered around 52,350 levels; Nifty topped the 15,700-mark

MARKET UPDATE:Sensex up 120 points and hovered around 52,350 levels; Nifty topped the 15,700-mark
Friday, June 4, 2021
The markets in India ticked up in morning deals today(4th June 2021) after the Reserve Bank of India (RBI) maintained the status quo and left the repo rate unchanged at 4 percent, with an accommodative stance. The S&P BSE Sensex hovered around 52,350 levels, up 120 points, and the Nifty50 index topped the 15,700-mark. ONGC gained 2 percent and was the top Sensex gainer, followed by Larsen & Toubro and Mahindra & Mahindra (both up 1%).

Titan jumps 7 percent and hits record high

Titan jumps 7 percent and hits record high
Thursday, June 3, 2021
Shares of Titan Company gained 7 percent after hitting a record high of Rs 1702 on the BSE in intra-day trade on Thursday amid the expectation of a strong recovery, due to pent-up demand and market share gains. Rakesh Jhunjhunwala’s favorite stock surpassed its previous high of Rs 1,620.95, touched on January 6 this year, and was the top Sensex gainer on Thursday. Titan Company’s market capitalization now stands close to Rs 1.5 lakh crore. Analysts believe that this stock may rally 7 percent more from current levels to Rs 1,800 in the next few days. Rising gold prices are also seen as a positive factor for Titan shares as consumers buy jewelry in anticipation that gold prices may continue to rise in the days to come. On April 29, Titan reported robust sales growth of 61 percent year-on-year (YoY) in the January-March quarter (Q4FY21) but the operating performance was below Street estimates on lower Ebitda margins due to a steep fall in gross margin.

Closing Bell: Sensex gains 350 points, Nifty at 15690.35

Closing Bell: Sensex gains 350 points, Nifty at 15690.35
Thursday, June 3, 2021
At close, the Sensex is up 382.95 points or 0.74% at 52232.43, and the Nifty up 114.20 points or 0.73% at 15690.40 amid buying seen in the infra, oil & gas, metal, and realty names. Titan Company, Reliance Industries Ltd (RIL), ONGC, Power Grid Corporation of India, Kotak Mahindra Bank, Axis Bank, Infosys were among the top Sensex gainers. Bajaj-Auto, Tech Mahindra, Nestle Industries, SBI, Dr. Reddy’s Lab, Sun Pharma were among the top index losers. About 2136 shares have advanced, 973 shares declined, and 134 shares are unchanged. The Nifty Auto and Pharma stocks declined 0.08 percent and 0.23 percent, respectively. On the upside, the Nifty Realty index jumped 4 percent. The BSE MidCap and SamllCap indices ended 1 percent higher each after hitting a record peak of 22,395 and 24,138 levels, respectively.

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.

Closing Bell: Sensex down 85 points, Nifty at 51849.48

Closing Bell: Sensex down 85 points, Nifty at 51849.48
Wednesday, June 2, 2021
At close, the Sensex was down 85.40 points or 0.16% at 51849.48, and the Nifty was up 1.30 points or 0.01% at 15576.20. ,ITC ,Asian Paints, HDFC, Axis Bank, Tech M, HCL Tech, and TCS leading the list of losers. IndusInd Bank, Reliance Industries, SBI, Power Grid, Bajaj Auto, and Maruti Suzuki were the top Sensex gainers. About 2101 shares have advanced, 951 shares declined, and 160 shares are unchanged. The Nifty PSU Bank index zoomed nearly 3 per cent on the NSE, the Nifty Metal and Pharma indices gained 2 per cent each.On the downside, the Nifty IT and FMCG indices slipped 0.77 per cent and 0.5 per cent, respectively.The BSE MidCap index, that hit a record peak of 22,164 earlier today, closed 1.7 per cent higher at 22,141 levels. The BSE SmallCap index, on the other hand, gained 1.35 per cent to close at 23,841 levels after hitting a new peak of 23,842 levels in intra-day trade.

Closing Bell:Sensex ends flat, Nifty at 15574.85

Closing Bell:Sensex ends flat, Nifty at 15574.85
Tuesday, June 1, 2021
At close, the Sensex was down 2.56 points at 51934.88, and the Nifty was down 7.90 points or 0.05% at 15574.90 as investors preferred to book profits after seven straight sessions of gains. ONGC, Bajaj Finance, State Bank of India (SBI), Housing Development Finance Corporation (HDFC), HUL, Tech Mahindra stocks were the top gainers in the Sensex pack. On the flip side, ICICI Bank, UltraTech Cement, Asian Paints, ITC were among the top index laggards. About 1303 shares have advanced, 1782 shares declined, and 119 shares are unchanged. Barring the Nifty Media, Pharma, and IT indices, all other indices settled the day in the red. The Nifty Private Bank index was the top loser, down 1 percent, while the Nifty IT index gained 0.11 percent. The S&P BSE MidCap closed 0.01 percent higher while the SmallCap index slipped 0.3 percent.

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.

Closing Bell: Sensex gains 514 points, Nifty at 15582.80

Closing Bell: Sensex gains 514 points, Nifty at 15582.80
Monday, May 31, 2021
At close, the Sensex was up 514.56 points or 1% at 51937.44, and the Nifty was up 147.10 points or 0.95% at 15582.80. Reliance Industries Ltd (RIL) and ICICI Bank were the top Sensex gainers, followed by Bharti Airtel, ITC, Dr. Reddy’s Lab, Maruti Suzuki India, NTPC, UltraTech Cement, Asian Paints. On the flip side, Mahindra & Mahindra (M&M), Infosys, IndusInd Bank, L&T, Sun Pharma, Tech Mahindra were among index laggards. About 1717 shares have advanced, 1449 shares declined, and 187 shares are unchanged. The Nifty sectoral indices were mixed, with Nifty PSU bank index down 0.7 percent. While Nifty Metal index jumped over 2 percent and the Nifty Bank index was up 1.10 percent. The BSE Energy index advanced 2.5 percent, followed by the BSE Telecom and Metal indices up 1.5 percent each, and the BSE Oil and Gas index up 1.3 percent. The S&P BSE MidCap and SmallCap indices added 0.45 percent and 0.5 percent, respectively amid buying in construction material, telecom, energy, and metal

MARKET UPDATE:Fluctuating market;Sensex traded around 51,440 levels and Nifty traded below the 15,450-mark

MARKET UPDATE:Fluctuating market;Sensex traded around 51,440 levels and Nifty traded below the 15,450-mark
Monday, May 31, 2021
The benchmark indices in India fluctuated between gains and losses in early deals today(31st May 2021), amid weak cues from other Asian markets. Among the headline indices, the S&P BSE Sensex traded around 51,440 levels. The index slid to as low as 51,180 in intra-day deals. The broader Nifty50 index, meanwhile, traded below the 15,450-mark. Mahindra & Mahindra fell 6 percent and was the top Sensex laggard. On the other hand, ITC rose 2 percent. The Nifty sectoral indices were mixed, with the Nifty Auto index, down 1 percent, being the top laggard. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index rose 0.36 percent. Seventy-nine companies slated to post their quarterly numbers today which include Aurobindo Pharma, Chemical Speciality Chemicals, Astron Paper & Board Mill, Jamna Auto Industries, and Uttam Galva Steels.

Closing Bell: Sensex gains 307.66 points, Nifty ends at record closing at 15435.65

Closing Bell: Sensex gains 307.66 points, Nifty ends at record closing at 15435.65
Friday, May 28, 2021
At close, the Sensex was up 307.66 points or 0.60% at 51422.88, and the Nifty was up 97.80 points or 0.64% at 15435.70. ONGC, Housing Development Finance Corporation (HDFC). Reliance Industries Ltd (RIL), Titan Company, State Bank of India (SBI) were among the top Sensex gainers. Stocks of Sun Pharma, Dr. Reddy’s Lab, M&M, Nestle India, Bajaj-Auto among others were top index laggards. About 1394 shares have advanced, 1674 shares declined, and 138 shares are unchanged. Nifty Bank index gained nearly one percent, while the Nifty Metal index was the top gainer, up 2.53 percent.On the contrary, the Nifty Pharma index slipped 1.2 percent on the NSE. The BSE Midcap index fell 0.12 percent and the BSE SmallCap index dropped 0.48 percent.

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

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

Closing Bell:Sensex gains 98 points, Nifty at 15337.85

Closing Bell:Sensex gains 98 points, Nifty at 15337.85
Thursday, May 27, 2021
At Close Sensex was up 97.70 points or 0.19% at 51115.22, and the Nifty was up 36.40 points or 0.24% at 15337.90 led by IT, financials. State Bank of India (SBI), Kotak Mahindra Bank, Axis Bank, Bajaj-Auto, Tech Mahindra, TCS were among the top Sensex gainers. On the contrary, Housing Development Finance Corporation (HDFC), Bajaj Finance, ONGC, Bharti Airtel, and HUL were among the top index laggards. About 1657 shares have advanced, 1314 shares declined, and 121 shares are unchanged. Nifty Realty index was the top sectoral loser, down 1.19 percent, followed by the Nifty Pharma index and Nifty FMCG index. Nifty PSU Bank index surged nearly 3 percent while Nifty Bank index was up 1.18 percent and metal Index up 1 percent. The S&P BSE MidCap index added 0.54 percent while the SmallCap counter gained 0.34 percent.

MARKET UPDATE:Sensex hovered around 51,000 and Nifty gave up the 15,300 level

MARKET UPDATE:Sensex hovered around 51,000 and Nifty gave up the 15,300 level
Thursday, May 27, 2021
The markets in India traded little differently from yesterday's closing in early deals today(27th May 2021), ahead of the May series F&O expiry later in the day. The S&P BSE Sensex hovered around 51,000,the psychological level that the benchmark index reclaimed in the previous session. The broader Nifty50 index, meanwhile, gave up the 15,300 level. Tech Mahindra gained 1 percent and was the top Sensex gainers, followed by TCS (up 0.8 percent). On the other hand, Asian Paints, Bajaj Finserv, and IndusInd Bank fell 1 percent, each. The Nifty sectoral indices were mixed, with the nifty IT index, up 1.6 percent, leading the gainers. In the broader markets, the S&P BSE MidCap and SmallCap indices tracked their benchmark peers and also traded flat. Read more

Closing Bell: Sensex gains 380 points, Nifty at 15301.45

Closing Bell: Sensex gains 380 points, Nifty at 15301.45
Wednesday, May 26, 2021
At close, the Sensex was up 379.99 points or 0.75% at 51,017.52, and the Nifty was up 93.00 points or 0.61% at 15,301.50 as recoveries from Covid-19 infection continued to surpass new cases in India. Bajaj Finserv, Infosys, Bajaj Finance, and Mahindra & Mahindra were the top index gainers. While PowerGrid, JSW Steel, Hindalco, NTPC, Tata Steel, and Coal India were the top laggards. About 1913 shares have advanced, 1146 shares declined, and 140 shares are unchanged. The Nifty Metal index declined 2 percent, the Nifty PSU Bank index declined up to 0.5 percent. On the upside, the Nifty Realty added 3 percent and the Nifty IT index 2 percent. The S&P BSE MidCap index slipped 0.14 percent compared with the S&P BSE SmallCap index, which was up 0.69 percent. India VIX soars 11%.

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

Closing Bell: Sensex down 14 points, Nifty at 15208.45

Closing Bell: Sensex down 14 points, Nifty at 15208.45
Tuesday, May 25, 2021
At close, the Sensex was down 14.37 points or 0.03% at 50637.53, and the Nifty was up 10.80 points or 0.07% at 15208.50. . HDFC Bank, Axis Bank, Reliance Industries Ltd (RIL), IndusInd Bank, Housing Development Finance Corporation (HDFC), ITC and Bharti Airtel were among top index laggards. On the flip side, Asian Paints, Titan Company, Bajaj Finserv, ONGC, TCS, Infosys, Power Grid Corporation of India, and Nestle India among others were top Sensex gainers. About 1749 shares have advanced, 1307 shares declined, and 147 shares are unchanged. Nifty Bank index fell 0.81 percent, Nifty PSU Bank was down 1.34 percent and Nifty Private Bank index lost 0.90 percent. While the Nifty IT index gained one percent, the Auto index was up 0.66 percent. The S&P BSE MidCap index slipped 0.3 percent as against the S&P BSE SmallCap index that rose 0.3 per cent.

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.

Closing Bell: Sensex gains 111 points, Nifty at 15197.70

Closing Bell: Sensex gains 111 points, Nifty at 15197.70
Monday, May 24, 2021
At close, the Sensex was up 111.42 points or 0.22% at 50,651.90, and the Nifty was up 22.40 points or 0.15% at 15,197.70. SBI, Power Grid Corporation of India, HDFC Bank, L&T, Maruti Suzuki were among top Sensex gainers. Titan Company, M&M, IndusInd Bank, HUL, UltraTech Cement, Bharti Airtel were top index losers. About 1930 shares have advanced, 1218 shares declined, and 161 shares are unchanged. The Nifty PSU Bank index gained over 2 percent, followed by the Nifty Bank up 1 percent, the Nifty Realty index up 1.4 percent, and the Nifty Media index up 1 percent. On the downside, the Nifty Metal and Nifty FMGC index each fell 0.6 percent on the NSE. The MidCap and SmallCap indices scaled fresh peaks in the intra-day deals and settled around 0.8 percent higher each.

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.

Closing Bell: Sensex gains 976 points, Nifty at 15175.30

Closing Bell: Sensex gains 976 points, Nifty at 15175.30
Friday, May 21, 2021
At close, the Sensex was up 975.62 points or 1.97% at 50,540.48, and the Nifty was up 269.30 points or 1.81% at 15,175.30 after India's largest public sector bank, State Bank of India, reported a healthy quarterly show and also supported by a rally in other financial stocks.SBI was the top gainer on the Sensex, up 5 percent, while IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra Bank were the other top gainers. On the downside, Dr Reddy's Labs and Power Grid on the Sensex, and Eicher Motors, Indian Oil Corporation, Grasim, and SBI Life on the Nifty were the only laggards. About 1909 shares have advanced, 1140 shares declined, and 157 shares are unchanged. Financial indices -- Nifty Bank, Private Bank, PSU Bank, and Financial Services gained between 3-3.5 percent. Meanwhile, all other sectoral indices settled up to 1 percent higher. The S&P BSE MidCap and SmallCap indices gained 0.8 percent and 0.65 per cent higher, respectively.

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.

Closing Bell:Sensex down 338 points, Nifty at 14906.05

Closing Bell:Sensex down 338 points, Nifty at 14906.05
Thursday, May 20, 2021
At close, the Sensex was down 337.78 points or 0.68% at 49,564.86, and the Nifty was down 124.20 points or 0.83% at 14,906. ONGC, Sun Pharma, and Power Grid were top Sensex losers. Mahindra & Mahindra, IndusInd Bank, and Titan were the top gainers. About 1614 shares have advanced, 1397 shares declined, and 161 shares are unchanged. The Nifty Bank, Financial Services, Private Bank, and FMCG indices slipped nearly 1 percent each. On the upside, the Nifty Realty index remained gainer for the second straight day and ended 1 percent higher on the NSE. The S&P BSE SmallCap index hit a record high of 0.22 percent. The S&P BSE MidCap index, meanwhile, ended 0.12 percent lower today. India VIX inched higher but closed below 20 levels.

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.

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

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

Closing Bell:Sensex down 290 points, Nifty at 15030.15

Closing Bell:Sensex down 290 points, Nifty at 15030.15
Wednesday, May 19, 2021
At close, the Sensex was down 290.69 points or 0.58% at 49,902.64, and the Nifty was down 77.90 points or 0.52% at 15,030.15. M&M, Bajaj Finserv, HDFC, Bharti Airtel, Kotak Mahindra Bank, and Ultratech Cement were among the top losers Sun Pharma, Nestle India, and Bajaj Auto were among the top gainers. About 1743 shares have advanced, 1249 shares declined, and 166 shares are unchanged. The Nifty Financial Services index declined 1 percent, followed by 0.9 percent loss each in the Nifty Private Bank and Metal indices. On the upside, the Nifty Realty index zoomed over 2 percent while the Nifty Pharma index added 1 percent. The S&P BSE MidCap and SmallCap indices ended 0.53 percent and 0.35 percent higher, respectively.

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

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

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

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

Closing Bell: Sensex gains 613 points, Nifty at 15108.10

Closing Bell: Sensex gains 613 points, Nifty at 15108.10
Tuesday, May 18, 2021
At Close, Sensex closed 613 points, or 1.24 percent, higher at 50,193.33. Nifty closed with a gain of 185 points, or 1.24 percent, at 15,108.10 for the second straight day. Mahindra and Mahindra, Bajaj Auto, Titan, Bajaj Finance, Adani Ports, Tata Motors, and Indian Oil Corporation were the top Nifty gainers today while Airtel, ITC, Coal India, Divis Labs, UPL, and Grasim were the top laggards. the Nifty Auto index climbed 3.3 percent followed by the Nifty Energy index up 2 percent, and the Nifty Metal index up 1.7 percent. On the contrary, the Nifty PSU Bank index and the Nifty FMCG index slipped 1.3 percent and 0.25 percent, respectively.BSE Telecom fell 1.66 percent. The S&P BSE MidCap index zoomed 1.9 per cent and the SmallCap index, ended 1.3 percent higher.

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

Closing Bell: Sensex gains 848 points, Nifty at 14923.15

Closing Bell: Sensex gains 848 points, Nifty at 14923.15
Monday, May 17, 2021
At close, the Sensex was up 848.18 points or 1.74% at 49580.73, and the Nifty was up 245.40 points or 1.67% at 14923.20 supported by the auto, metal, and financials. IndusInd Bank was the top gainer followed by SBI. ICICI Bank, HDFC Bank, and Axis Bank. On the downside, Cipla, L&T, Bharti Airtel, Nestle India, Sun Pharma, HDFC Life, and Maruti Suzuki were the top losers. About 2047 shares have advanced, 1024 shares declined, and 215 shares are unchanged. The Bank Nifty index jumped 4% as the top sectoral index gainer on NSE followed by the Nifty Financial Services index 3 percent, and the Nifty Metal index up 2.5 percent. On the contrary, the Nifty Pharma index slipped 0.14 percent on profit booking. The S&P BSE MidCap and SmallCap indices ended 1.6 percent higher each.

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

Closing Bell: Sensex gains 42 points, Nifty at 14677.80

Closing Bell: Sensex gains 42 points, Nifty at 14677.80
Friday, May 14, 2021
At close, the Sensex was up 41.75 points or 0.09% at 48732.55, and the Nifty was down 18.70 points or 0.13% at 14677.80 as a slew of downgrades in the GDP growth forecasts for FY22 along with a slowdown in the vaccination program. Asian Paints was the best performing stock followed by ITC, Nestle India, L&T, Hindustan Unilever Ltd, Reliance Industries Ltd (RIL), Power Grid Corporation of India, among others. On the flip side, IndusInd Bank, Mahindra & Mahindra, Dr Reddy’s Laboratories, State Bank of India (SBI), NTPC, ONGC, Sun Pharma, and Maruti Suzuki were among the top index laggards. About 1402 shares have advanced, 1627 shares declined, and 141 shares are unchanged. The Nifty Metal index was down 4 percent, followed the Nifty Realty index, down 3 percent, and the Nifty PSU Bank and Auto indices, down 2 percent each. On the upside, only the Nifty FMCG index ended in the green, up 2 percent. The S&P BSE MidCap and SmallCap indices lost 1.2 percent each.

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

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

Indian stock market’s passive reaction to new Covid-19 situation is not a mystery

Indian stock market’s passive reaction to new Covid-19 situation is not a mystery
Wednesday, May 12, 2021
The stock market’s passive reaction to the harrowing reality on the ground caused by a destructive wave of Covid-19 is a mystery for many. Last year in the US people was dismayed by the stocks rally amid the US Fed’s unprecedented intervention, even as the healthcare infrastructure collapsed in the city after city. This year in India in a similar way the participants and non-participants are equally baffled by the resilience shown by the market even in the face of rising infections, deaths, and localized lockdowns. It goes back to the old adage in the investing world: investors hate uncertainty; they hate fogginess when they look into the future, even though their track record in predicting it accurately is about as good as a flipped coin. Read more

Closing Bell: Sensex down 471 poiints, Nifty at 14696.50

Closing Bell: Sensex down 471 poiints, Nifty at 14696.50
Wednesday, May 12, 2021
At close, the Sensex was down 471.01 points or 0.96% at 48690.80, and the Nifty was down 154.30 points or 1.04% at 14696.50 for the second day.Top BSE Sensex losers were IndusInd Bank, Hindustan Unilever Ltd (HUL), ICICI Bank, ONGC, Axis Bank, Kotak Mahindra Bank, Mahindra & Mahindra among others. On contrary, Titan Company, Maruti Suzuki, Power Grid Corporation of India, SBI, Dr Reddy’s were the top gainers. About 1571 shares have advanced, 1443 shares declined, and 151 shares are unchanged. The Nifty Metal index tumbled over 3 percent, followed by the Nifty Private Bank index, down 1.6 percent. The Nifty PSU Bank index zoomed 3.3 per cent. The BSE MidCap and SmallCap indices falling 0.9 percent and 0.6 percent, respectively.

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

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

Markets in a vulnerable zone: Analysts

Markets in a vulnerable zone: Analysts
Tuesday, May 11, 2021
The equity market in India is in a ‘vulnerable zone’ and is likely to remain very volatile, impacted by the sharp rise in Covid cases since the past few weeks that have seen many state governments impose lockdowns and mobility restrictions to check the rampant spread, said analysts. They, however, have ruled out a deep correction for now. From a medium-to-long term perspective, however, most analysts remain bullish about the markets but do caution against the possible earnings downgrades given the sporadic lockdowns and expensive valuation. While lockdowns can weigh on growth expectations in the near term, acceleration of vaccine drives and the overall direction of active cases will still act as the key catalyst for the market. Read more

Closing Bell:Sensex down 341 points, Nifty at 14850.75

Closing Bell:Sensex down 341 points, Nifty at 14850.75
Tuesday, May 11, 2021
At Close, the BSE Sensex was down 340.60 points at 49,161.81, and the Nifty50 climbed 91.60 points to 14,850.80 following weak global cues. Kotak Mahindra Bank was the biggest index loser today, trailed by HDFC, Tech Mahindra, HUL, Bajaj Finser, Titan Company, and Bajaj Finance. On the contrary, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement, and SBI were the top gainers. A total of 190 scrips remained unchanged. Banking & financials, IT, Metals, and Pharma stocks were under pressure, whereas PSU Banks bucked the trend. The S&P BSE MidCap and SmallCap indices gained 0.60 percent and 0.80 percent, respectively.

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

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

Closing Bell:Sensex up 296 points, Nifty at 14942.35

Closing Bell:Sensex up 296 points, Nifty at 14942.35
Monday, May 10, 2021
At close, the Sensex was up 295.94 points or 0.60% at 49,502.41, and the Nifty was up 119.20 points or 0.80% at 14,942.40 for the fourth day lifted by gains in public sector banks, pharma, and metal stocks. Dr Reddy’s, ONGC, Housing Development Finance Corporation, Titan Company, Sun Pharma, Kotak Mahindra Bank among top Sensex gainers. UltraTech Cement, Infosys, Maruti Suzuki were among BSE Sensex losers. About 2034 shares have advanced, 1004 shares declined, and 220 shares are unchanged. The Nifty Metal index, up 2.9 percent followed by the Nifty Pharma index, auto, energy, infra, and PSU Bank indices which rose 1- 2.5 percent. The S&P BSE MidCap and SmallCap indices ruled 0.8 percent and 0.9 percent higher, respectively.

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.

Closing Bell: Sensex up 256 points, Nifty at 14823.15

Closing Bell: Sensex up 256 points, Nifty at 14823.15
Friday, May 7, 2021
At Close, Sensex up 256.71 points at 49,206.47.and Nifty gained 98.40 points to 14,823.20 due to firm global cues and healthy corporate earnings helped indices to gain for the third consecutive session. Bajaj Finserv, Mahindra & Mahindra, HDFC, and NTPC were among the top gainers on Sensex, while Bajaj Auto, Bajaj Finance, and Infosys were the top losers. The Nifty Metal index advanced 5 percent on the NSE while all other sectoral indices clocked gains between 0.04 percent and 1 percent. The Nifty PSU Bank index was the only loser, down 0.14 percent. The S&P BSE MidCap and SmallCap indices ended 0.13 percent and 0.4 percent higher, respectively. India VIX fell 5% to close below 21 levels.

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

Why isn’t India’s stock market falling more?

Why isn’t India’s stock market falling more?
Thursday, May 6, 2021
What are the reasons for India’s stock market not falling much in spite of the most pervasive second wave of Covid-19 pandemic considering the risky asset class in a country struggling with its most horrific calamity. New daily Covid-19 infections have remained above 300,000 for two weeks now, the worst caseload the world has seen. The death rate is 3,700-plus. Fear of the virus is pervasive. Even the rich and the powerful are finding it hard to arrange a hospital bed or track down an oxygen cylinder. But in all this, the benchmark Nifty 50 Index is down ever so slightly, clocking a less than 5% decline since mid-February. At 32 times earnings, almost double the valuations in China, the Indian market is super-expensive. The logic for those prices runs like this: Unlike last year, there’s no national lockdown. And there may not be one if the peak of the surge is just a week or two away, as some epidemiological models indicate. Read more

Closing Bell: Sensex gains 272 points, Nifty at 14724.80

Closing Bell: Sensex gains 272 points, Nifty at 14724.80
Thursday, May 6, 2021
At Close, the Sen sex gained 272.21 points to close at 48,949.76, and the Nifty50 was up 106.90 points at 14,724.80. Bajaj Auto, Tech Mahindra, Infosys, ICICI Bank, Nestle India, and HDFC were the top gainers on Sensex. On the other hand, Power Grid, ONGC, and Asian Paints were the top losers. The Nifty PSU Bank and Pharma indices were down 1.2 percent and 0.3 percent, respectively. On the upside, metals and IT stocks continued to shine with the Nifty Metal and IT indices soaring up to 2.5 percent. The S&P BSE MidCap index added 0.9 percent while the S&P BSE SmallCap index gained 0.6 percent.

Closing Bell:Sensex gains 424 points, Nifty at 14617.85

Closing Bell:Sensex gains 424 points, Nifty at 14617.85
Wednesday, May 5, 2021
At close, the Sensex was up 424.04 points or 0.88% at 48,677.55, and the Nifty was up 121.40 points or 0.84% at 14,617.90 after RBI Governor Shaktikanta Das in an unscheduled speech today provided more liquidity support by announcing various measures. Sun Pharma and IndusInd Bank were the top Sensex gainers while Bajaj Finance, Asian Paints, HUL, and Tech Mahindra were the only losers in the Sensex pack. About 1794 shares have advanced, 1084 shares declined, and 166 shares are unchanged. The Nifty Bank index ended 1.6 percent up. The Nifty Financial Services, IT, Auto, and Metal indices gained up to 1.3 percent on the NSE. The S&P BSE MidCap index settled over 1 percent higher while the S&P BSE SmallCap index gained 0.7 percent.

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

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

Closing Bell: Sensex down 465 points, Nifty at 14496.50

Closing Bell: Sensex down 465 points, Nifty at 14496.50
Tuesday, May 4, 2021
At close, the Sensex was down 465.01 points or 0.95% at 48253.51, and the Nifty was down 137.70 points or 0.94% at 14496.50 as an unwavering rise in Covid-19 cases and a slower-than-expected pace of vaccination worried investors on Dalal Street. Reliance Industries was the top loser followed by Sun Pharma, Dr Reddy’s, HDFC Bank, and HDFC. While gainers include ONGC, Bajaj Finance, and TCS. About 1374 shares have advanced, 1534 shares declined, and 169 shares are unchanged. The Nifty PSU Bank index gained 3.5 percent, The Nifty Pharma index, on the contrary, was down 2 percent. The S&P BSE MidCap and SmallCap indices each ended about half a percent lower today.

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

Accumulate stocks of PSUs that are likely to be disinvested say analysts
Tuesday, May 4, 2021
Analysts suggest investors accumulate stocks of PSUs, especially the ones that are likely to be disinvested, at the current levels from a medium-to-long-term perspective. “There are a lot of PSU stocks that have not participated in the market rally. The fall from their peak levels is a good opportunity to buy from a medium-to-long-term horizon. I am confident that the government will be able to achieve the fiscal 2021-22 (FY22) divestment target. Due to the ongoing second wave of Covid, it may dole out some relief measures, which will cost money. To fund such initiatives, it will have to go aggressive on divestment once the market conditions improve,” say experts. Read more

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

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

Closing bell: Sensex down 64 points, Nifty at 14634.15

Closing bell: Sensex down 64 points, Nifty at 14634.15
Monday, May 3, 2021
At close, the Sensex was down 63.84 points or 0.13% at 48718.52, and the Nifty was up 3.10 points or 0.02% at 14634.20. Bharti Airtel, Maruti Suzuki India, SBI Life, and HUL were the best-performing stocks. While Titan, Reliance Industries Ltd, IndusInd Bank, Axis Bank, BPCL, Kotak Mahindra Bank, and State Bank of India (SBI) were the losers in the Sensex pack. About 1803 shares have advanced, 1184 shares declined, and 162 shares are unchanged. The Nifty Metal index rallied 2 percent today, followed by the Nifty FMCG index, up 1 percent. On the downside, the Nifty Bank index slipped 0.7 percent on the NSE. The S&P BSE SmallCap index gained 1.6 percent, and the S&P BSE MidCap index, on the other hand, settled 0.05 percent higher.

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

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

Closing Bell: Sensex falls 983 points, Nifty at 14631.10

Closing Bell: Sensex falls 983 points, Nifty at 14631.10
Friday, April 30, 2021
At close, the Sensex was down 983.58 points or 1.98% at 48,782.36, and the Nifty was down 263.80 points or 1.77% at 14,631.10 amid weakness in Asian markets and unabated rise in Covid-19 cases along with hiccups in vaccination drive back home. HDFC Bank, Housing Development Finance Corporation (HDFC), ICICI Bank, Kotak Mahindra Bank, Asian Paints, Mahindra & Mahindra Reliance Industries Ltd (RIL) were among top Sensex losers. While, ONGC, Sun Pharma, Dr Reddy’s, and Bajaj-Auto were the top gainers. About 1332 shares have advanced, 1554 shares declined, and 166 shares are unchanged. The Nifty Bank and Financial Services indices dropped 3 percent each while the Nifty FMCG, Auto, IT, and Realty indices slipped up to 1.5 percent. The Nifty Pharma index bucked the trend and gained settled 1 percent higher. The S&P BSE SmallCap settled just 0.07 percent lower and the MidCap index, on the other hand, slipped 0.65 percent.

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

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

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

Closing Bell:Sensex up 32 points, Nifty ay 14894.90

Closing Bell:Sensex up 32 points, Nifty ay 14894.90
Thursday, April 29, 2021
At close, the Sensex was up 32.10 points or 0.06% at 49,765.94, and the Nifty was up 30.40 points or 0.20% at 14,894.90 for the fourth straight day on the day of monthly F&O expiry for the April series. Bajaj Finserv, Bajaj Finance, Axis Bank, Reliance Industries Ltd (RIL), IndusInd Bank, Titan Company, HUL were the top gainers in the Sensex pack. On the flip side, Bajaj-Auto, Housing Development Finance Corporation (HDFC), HCL Tech, Larsen & Toubro (L&T), State Bank of India (SBI) were the top losers. About 1376 shares have advanced, 1505 shares declined, and 176 shares are unchanged. The Nifty Metal index gained 4.5 percent. On the downside, the Nifty PSU Bank index skidded 1.3 percent, trailed by losses in the Nifty Auto index, down 1 percent. The S&P BSE MidCap index ended 0.18 percent lower today while the S&P BSE SmallCap index advanced 0.13 percent.

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

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

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

Sensex zooms 790 pts; banks rally: Investors look beyond Covid cases' surge
Wednesday, April 28, 2021
Expectations that Covid-19 cases could soon peak in the country boosted investor confidence on Dalal Street today(28th April 2021). Besides, healthy buying in the financial counters ahead of the monthly expiry of the F&O contracts of April due tomorrow further lifted benchmark indices 1.6 percent today. Today was the third consecutive day of gains at the bourses. Maharashtra’s stabilising Covid cases could be a precursor to India's curve flattening over one-two months, believes some experts. Meanwhile, CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth month of the second wave. This, it believes, will be positive for the markets. Read more

Closing Bell:Sensex gains 790 points, Nifty at 14864.55

Closing Bell:Sensex gains 790 points, Nifty at 14864.55
Wednesday, April 28, 2021
At close, the Sensex was up 789.70 points or 1.61% at 49733.84, and the Nifty was up 211.50 points or 1.44% at 14864.50. Bajaj Finance was the top Sensex gainer, followed by IndusInd Bank, Bajaj Finsv, ICICI Bank, Kotak Mahindra Bank, State Bank of India (SBI), Bajaj-Auto, HDFC Bank, and Bharti Airtel among others. On the flip side, Nestle India, HCL Tech, Larsen & Toubro (L&T), Tata Consultancy Services (TCS), ITC were among the top Sensex losers. About 1730 shares have advanced, 1180 shares declined, and 170 shares are unchanged. The Nifty Realty index dropped 0.6 percent, the Nifty Metal and Pharma indices slipped 0.3 percent each. The Nifty Bank index soared 3 per cent and the Nifty Private Bank, PSU Bank, and Financial Services indices too climbed over 2.5 percent each. The S&P BSE MidCap index ended 0.99 percent up while the S&P BSE SmallCap index added 0.7 percent.

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

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

Closing Bell:Sensex up 557 points, Nifty at 14653.05

Closing Bell:Sensex up 557 points, Nifty at 14653.05
Tuesday, April 27, 2021
At close, the Sensex was up 557.63 points or 1.15% at 48,944.14, and the Nifty was up 168 points or 1.16% at 14653 as COVID-19 cases declined in the country. Tech Mahindra, Bajaj Finance, Reliance Industries Ltd (RIL), Power Grid Corporation of India, HDFC Bank, TCS were among top BSE Sensex gainers. Axis Bank, Kotak Mahindra Bank, Asian Paints, Housing Development Finance Corporation (HDFC), Maruti Suzuki were among the top index losers. About 1915 shares have advanced, 984 shares declined, and 158 shares are unchanged. The Nifty Metal index gained 2.7 percent. This was followed by the Nifty PSU Bank index up 2.3 percent and the Nifty Bank index up 1.4 percent. The S&P BSE MidCap index added 1 percent today while the SmallCap index surged 1.5 percent.

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

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

Closing Bell: Sensex gains 508 points, Nifty at 14485.00

Closing Bell: Sensex gains 508 points, Nifty at 14485.00
Monday, April 26, 2021
At close, the Sensex was up 508.06 points or 1.06% at 48386.51, and the Nifty was up 143.60 points or 1.00% at 14485 due to medical support from across the globe, to help India douse the Covid-19 fire, along with the acceleration of the mass vaccination drive supported sentiment on Dalal Street. Axis Bank, Ultratech Cement, and ICICI Bank were the top-performing stocks on the BSE Sensex. HCL Technologies, Sun Pharma, HDFC Bank, and Maruti Suzuki India were the top losers. About 1841 shares have advanced, 1094 shares declined, and 216 shares are unchanged. Nifty Pharma was down 0.87 percent. On the contrary, the Nifty Realty index gained 3.4 percent on the NSE, followed by gains in The Nifty Metal index up 2 percent, Nifty Bank up 1.7 percent, and Nifty Financial Services up 1.3 percent..The S&P BSE MidCap index closed 0.6 percent higher while the BSE SmallCap index was up 0.8 percent. .

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

Sensex ruling 730 points up at 48,600 levels and Nifty jumped 190 points,hovering above 14,500 mark
Monday, April 26, 2021
Indian benchmark indices opened higher in today's(26th April 2021) session, tracking firm cues from global peers, even as India continued to report over 3 lakh Covid-19 cases. The BSE barometer Sensex was ruling 730 points up at 48,600 levels while NSE Nifty jumped 190 points and was hovering above14,500 mark. ICICI Bank, Axis Bank, ONGC, UltraTech, and SBI were among the top Sensex gainers while HCL Technologies, Power Grid, and DRL were among the top drags. Broader markets traded in tandem with benchmark indices with Nifty Midcap and Nifty Smallcap indices up 1 percent each. On the sectoral front, barring Nifty Pharma, all indices traded in the green. Nifty Bank with a gain of nearly 2 percent was the best performing index. Tech M, SBI Card, and HDFC Life are among the 15 companies that are scheduled to announce their quarterly numbers today. Read more

Closing Bell: Sensex down 202 points, Nifty at 14341.35

Closing Bell: Sensex down 202 points, Nifty at 14341.35
Friday, April 23, 2021
At Close, Market benchmark the Sensex closed 202 points, or 0.42 percent, lower at 47,878.45 while the Nifty closed 65 points, or 0.45 percent, down at 14,341.35 as concerns over the second wave of Covid-19 in the country and nervousness in the global markets overpowered the risk appetite of bargain hunters. NTPC, Power Grid, and IndusInd Bank were the top index gainers. Mahindra & Mahindra, Dr. Reddy’s, and ICICI Bank were among the top losers. The BSE Power index gained 2.35 percent, the utility index rose 1.75 percent, BSE Telecom and realty fell over a percent each while FMCG, IT, fell almost a percent each. The S&P BSE MidCap index gained 0.2 per cent today while the S&P BSE SmallCap index added 0.5 per cent

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

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

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

Closing Bell:Sensex gains 375 points, Nifty at 14406.15

Closing Bell:Sensex gains 375 points, Nifty at 14406.15
Thursday, April 22, 2021
At close, the Sensex was up 374.87 points or 0.79% at 48080.67, and the Nifty was up 109.80 points or 0.77% at 14406.20 due to mass vaccination drive would help curtail the raging second Covid-19 wave in the country gave ammunition to the bulls. ICICI Bank, HDFC, and Bajaj Auto were among the top gainers followed by HDFC Bank. Titan, Tech Mahindra, and Asian Paints were among the drags. About 1737 shares have advanced, 1128 shares declined, and 159 shares are unchanged. Nifty Bank index up 2.5 percent, Nifty Financial Services, Private Bank, and Metal indices gained 2.2 percent, 1.8 percent, and 1.7 percent, respectively. On the contrary, pharma and IT stocks pared their gains and ended in the red today. All the three defensive indices -- Nifty IT, FMCG, and Pharma -- slipped up to 0.75 percent on the NSE. The S&P BSE MidCap and SmallCap indices closing 0.28 percent and 0.59 percent higher, respectively.

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

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

Closing Bell:Sensex down 243 points, Nifty at 14296.40

Closing Bell:Sensex down 243 points, Nifty at 14296.40
Tuesday, April 20, 2021
At close, the Sensex was down 243.62 points or 0.51% at 47,705.80, and the Nifty was down 63.10 points or 0.44% at 14,296.40. Ultratech Cement, HDFC, HDFC Bank, and IT stocks were among the top drags on Sensex. Dr Reddy’s, HDFC Life, Bajaj Finance, Bajaj Auto and Bajaj Finserv were the top gainers on Sensex. About 1603 shares have advanced, 1187 shares declined, and 155 shares are unchanged. The Nifty IT index, down 1.4 per cent, the Nifty FMCG and Bank indices ended 0.64 per cent and 0.35 per cent lower, respectively. On the upside, the Nifty Pharma index ended at 1.3 per cent. The S&P BSE MidCap and SmallCap indices gained 0.5 per cent each.

MARKET UPDATE:Sensex traded around 48,230 levels, up 230 points, and Nifty hovered around 14,450

MARKET UPDATE:Sensex traded around 48,230 levels, up 230 points, and Nifty hovered around 14,450
Tuesday, April 20, 2021
The benchmark indices in Indian markets climbed off the early highs but were still trading half a percent up in today's(20th April 2021) morning deals as the Indian government's decision to vaccinate everyone above 18 years of age against Covid-19 from May 1 buoyed investor sentiment. The S&P BSE Sensex traded around 48,230 levels, up 230 points, and the Nifty50 index hovered around 14,450. Bajaj Finance, Dr. Reddy's, Mahindra & Mahindra, and Bajaj Finserv gained 3 percent, each, and were the top Sensex gainers. All the Nifty sectoral indices traded in the green, led by the Nifty PSU Bank index, up 1.7 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 1.7 percent higher, each. A total of nine companies, including Nestle India, Tata Steel Long Products, and Welspun Investments and Commercials are scheduled to release their quarterly earnings today. Read more

Manic Monday! Major factors for the stock market crash today

Manic Monday! Major factors for the stock market crash today
Monday, April 19, 2021
The Indian benchmark indices nosedived in today's(19th April 2021) session mainly due to a strong second wave of Covid-19 in the country, leaving the market bulls battered. An across-the-board selling resulted in a 1,469-point crash on the BSE barometer Sensex in intra-day trade. The index, however, recouped some losses and ended 883 points lower at 47,949 with HDFC twins, Reliance Industries, and select banking counters among the worst drags. Barring shares of Dr. Reddy's Labs and Infosys, all constituents of the 30-pack index traded in the red. Meanwhile, its NSE counterpart Nifty after shedding as much as 425 points ended with a 258-point cut at 14,359. High volatility marked today's session with India VIX settling 10.20 percent higher at 22.48. The sell-off was equally bad in the broader markets as mid-cap and small-cap indices lost 2.1 - 2.4 percent lower. Except for Nifty pharma, all indices on NSE traded in the red. Read more

Closing Bell: Sensex down 882 points, Nifty at 14359.45

Closing Bell: Sensex down 882 points, Nifty at 14359.45
Monday, April 19, 2021
At close, the Sensex was down 882.61 points or 1.81% at 47949.42, and the Nifty was down 258.40 points or 1.77% at 14359.50. Britannia, Dr Reddy's Labs, Infosys, Wipro, and Cipla were the only gainers on the Nifty index, On the downside, Adani Ports, Power Grid, ONGC, Hero MotoCorp, IndusInd Bank, Bajaj Finserv, Kotak Mahindra Bank, and HDFC Life were the top drags, About 723 shares have advanced, 2091 shares declined, and 157 shares are unchanged. The Nifty PSU Bank, Nifty Bank, Nifty Private Bank, and Nifty Financial Services indices slipped between 2.5 per cent and 4 per cent. The Nifty Auto, Realty, and Metal indices, meanwhile, tumbled up to 4 per cent. The S&P BSE MidCap and SmallCap indices declined 1.9 per cent and 1.6 per cent, respectively.

Closing Bell: Sensex ends flat up 28.35 points, Nifty at 14617.85

Closing Bell: Sensex ends flat up 28.35 points, Nifty at 14617.85
Friday, April 16, 2021
At close, the Sensex was up 28.35 points or 0.06% at 48,832.03, and the Nifty was up 36.40 points or 0.25% at 14,617.90. Asian Paints, UltraTech Cement, ONGC, Sun Pharma, HCL Tech, Nestle India, M&M, Tech Mahindra were among the top index gainers. On the flip side, ICICI Bank, Bajaj Finance, Larsen & Toubro (L&T), Tata Consultancy Services (TCS), and SBI were the top Sensex losers. About 1617 shares have advanced, 1230 shares declined, and 152 shares are unchanged. The Nifty Pharma index ended 2 per cent higher while the Nifty Auto, IT, Metal, and FMCG gained between 0.6 per cent and 1.2 per cent. On the downside, the Nifty Bank, PSU Bank, and Realty indices slipped up to 0.6 per cent. The S&P BSE MidCap and SmallCap indices settling 1.2 per cent and 1.05 per cent higher, respectively.

MARKET UPDATE:Sensex rose 180 points around 49,000 level and Nifty topped the 14,650-mark

MARKET UPDATE:Sensex rose 180 points around 49,000 level and Nifty topped the 14,650-mark
Friday, April 16, 2021
The benchmark indices in India ticked nearly half a percent up in today's(16th February 2021) morning deals, tracking mixed cues from their Asian peers. The S&P BSE Sensex rose 180 points around 49,000 level and the broader Nifty50 index topped the 14,650-mark. Asian Paints, HCL Tech, UltraTech Cement were up 1 percent, each, and were the top Sensex gainers. The Nifty sectoral indices, barring the Nifty Pharma index, traded in the green, led by the Nifty IT index, up 0.8 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 1.2 percent higher, each. Mindtree, Den Networks, GTPL Hathway, MMTC, and AAR Commercial Company are scheduled to release quarterly numbers today.

Foreign brokerages modify return expectation from Indian equities

Foreign brokerages modify return expectation from Indian equities
Thursday, April 15, 2021
Foreign brokerages trim their return expectation from Indian equities over the next 12 months due to the sudden rise in Covid cases and the micro-lockdowns imposed across key economic hubs in India. After Nomura that recently cut its March 2022 Nifty50 target to 15,340 (earlier target: 14,680 by December 2021), analysts at Goldman Sachs, too, have tempered their expectations, albeit modestly. They now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their ‘overweight’ stance on India for now. With the new Covid-19 cases in India surging to a record high and a host of states announcing stricter lockdown restrictions, investors, Goldman Sachs said, are concerned about the risks to macro and earnings recovery. Despite the near-term headwinds, they expect the recovery to resume from Q3 onwards as restrictions normalise, vaccination pace accelerates and the global growth backdrop remains supportive.

Closing Bell:Sensex gains 260 points, Nifty at 14581.45

Closing Bell:Sensex gains 260 points, Nifty at 14581.45
Thursday, April 15, 2021
At close, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50. ONGC, NTPC, Kotak Mahindra Bank, State Bank of India (SBI), Housing Development Finance Corporation (HDFC) were among top Sensex gainers. Infosys, M&M, IndusInd Bank, Maruti Suzuki, Bajaj Finance, Bajaj Finserv, Tech Mahindra were among the top index losers. About 1226 shares have advanced, 1611 shares declined, and 162 shares are unchanged. The Nifty Bank, Pharma, Metal, IT, Financial Services, and Private Bank indices ended up to 1.4 per cent higher while the Nifty Auto, Realty, PSU Bank, and FMCG slipped between 0.04 per cent and 1.5 per cent. The S&P BSE MidCap and SmallCap indices ended 0.1 per cent and 0.03 per cent lower.

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

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

Closing Bell:Sensex gains 660 points, Nifty at 14504.80

Closing Bell:Sensex gains 660 points, Nifty at 14504.80
Tuesday, April 13, 2021
At close, the Sensex was up 660.68 points or 1.38% at 48,544.06, and the Nifty was up 194 points or 1.36% at 14,504.80 amid broad-based buying. Top Sensex gainer was Mahindra & Mahindra (M&M) followed by Bajaj Finsv, Bajaj Finance, Maruti Suzuki, IndusInd Bank, ICICI Bank and ONGC. While TCS was the worst-performing stock, followed by Dr Reddy’s, Tech Mahindra, HCL Tech, Infosys and Nestle India. About 1900 shares have advanced, 915 shares declined, and 176 shares are unchanged. Nifty IT and Pharma indices were down 3 per cent and 1 per cent. While the Nifty PSU Bank index surged 4 per cent, the Nifty Bank, Private Bank, Financial Services, Metal, and Realty indices gained between 3 per cent and 4 per cent. The Nifty FMCG index, meanwhile, ended 0.6 per cent higher. The S&P BSE MidCap index gained 1.46 per cent. The S&P BSE SmallCap index, on the other hand, ended 1.2 per cent higher.

Closing Bell:Sensex down 1708 points, Nifty at 14310.80

Closing Bell:Sensex down 1708 points, Nifty at 14310.80
Monday, April 12, 2021
At close, the Sensex was down 1,707.94 points or 3.44% at 47883.38, and the Nifty was down 524.10 points or 3.53% at 14310.80 as fear of stricter lockdown to curb the second wave of COVID-19 dented investors’ sentiment. Tata Motors, Adani Ports, IndusInd Bank, Bajaj Finance, UPL, SBI, Hindalco, and Shree Cement were the top losers in the Sensex pack, while Dr Reddy's Labs, Cipla, Divis Labs, and Britannia) ended the day in the green. About 493 shares have advanced, 2433 shares declined, and 171 shares are unchanged. The Nifty PSU Bank index plummeted 9 per cent, Nifty Realty slipped 7 per cent, and Nifty Bank, Private Bank, Metal, and Auto indices skidded between 5 per cent and 6 per cent. The S&P BSE MidCap and SmallCap indices dropped 5 per cent each.

Closing Bell:Sensex down 155 points, Nifty at 14834.85

Closing Bell:Sensex down 155 points, Nifty at 14834.85
Friday, April 9, 2021
At close, the Sensex was down 154.89 points or 0.31% at 49,591.32, and the Nifty was down 38.90 points or 0.26% at 14,834.90. ICICI Bank, HDFC Bank and Reliance Industries were among the stocks that pulled the indices lower. Sun Pharma, HUL, and Tech Mahindra were the top gainers on Sensex. About 1647 shares have advanced, 1212 shares declined, and 163 shares are unchanged. Bank Nifty ended in the red along with Nifty Private Bank, Nifty Auto and Nifty Metal index down 1 per cent. Nifty Pharma and Nifty PSU Bank were the top-performing sectoral indices. The S&P BSE SmallCap index closed 0.7 per cent higher while the S&P BSE MidCap index dipped 0.07 per cent.

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

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

Closing Bell: Sensex gains 84.45 points, Nifty at 14873.80

Closing Bell: Sensex gains 84.45 points, Nifty at 14873.80
Thursday, April 8, 2021
At close, the Sensex was up 84.45 points or 0.17% at 49,746.21, and the Nifty was up 54.80 points or 0.37% at 14,873.80.JSW Steel, Tata Steel, Shree Cements, Titan Company and Hindalco were among top gainers on the Nifty, while losers included IndusInd Bank, SBI Life Insurance, Sun Pharma, HDFC Bank and ONGC. The Nifty Metal index jumped 4 per cent, the Nifty IT index gained 1 per cent. The Nifty PSU Bank and Bank indices shed 0.8 per cent and 0.6 per cent, respectively today while the Nifty Private Bank and Financial Services indices slipped 0.6 per cent and 0.3 per cent, respectively. The S&P BSE SmallCap index gained 0.73 per cent. The BSE MidCap index, on the other hand, up 0.6 per cent.

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

MARKET UPDATE:Sensex leaped 700 points at 49,900 and Nifty50 index jumped 200 points and hit 14,880-mark
Thursday, April 8, 2021
The Indian equity markets welcomed the decision of RBI governorShaktikanta Das to keep rates unchanged during the first bi-monthly monetary policy of FY22, along with holding the GDP growth rate steady at 10.5 percent for the new financial year. Despite the recent surge in Covid-19 cases, the governor said the central bank and the government are prepared to tackle the second wave. Soothed by the comments, the benchmark S&P BSE Sensex index leaped 700 points and hit the day's high of 49,900. The Nifty50, meanwhile, jumped nearly 200 points and hit 14,880 on the back of an across-the-board buying. Banking and financial stocks outperformed on Wednesday with the Nifty Bank, Private Bank, and PSU Bank indices settling higher in the range of 1.5 percent to 2 percent. The Nifty Financial Services, IT, Pharma, Metal, and Realty indices, on the other hand, gained up to 1.5 percent. Read more

Closing Bell: Sensex gains 460 points, Nifty at 14819.05

Closing Bell: Sensex gains 460 points, Nifty at 14819.05
Wednesday, April 7, 2021
At close, the Sensex was up 460.37 points or 0.94% at 49,661.76, and the Nifty was up 135.50 points or 0.92% at 14,819 after RBI as expected kept the key rates unchanged with an accommodative policy stance. SBI, Mahindra & Mahindra, Nestle India, IndusInd Bank, and ICICI Bank were the top gainers on Sensex while Titan, NTPC, HUL, and Bajaj Finserv were the only drags. About 1824 shares have advanced, 1072 shares declined, and 179 shares are unchanged. The Nifty Financial Services, IT, Pharma, Metal, and Realty indices, on the other hand, gained up to 1.5 per cent. The S&P BSE SmallCap index was last up 1.3 per cent while the BSE MidCap index added 0.8 per cent.

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.

Closing Bell:Sensex ends 42 points higher, Nifty at 14683.50

Closing Bell:Sensex ends 42 points higher, Nifty at 14683.50
Tuesday, April 6, 2021
At close, the Sensex was up 42.07 points or 0.09% at 49,201.39, and the Nifty was up 45.70 points or 0.31% at 14,683.50. Asian Paints was the top Sensex gainer, followed by Sun Pharma and Dr Reddy’s. Power Grid, Ultratech Cement, IndusInd Bank, Axis Bank, and SBI were the worst-performing stocks on Sensex. About 1654 shares have advanced, 1176 shares declined, and 179 shares are unchanged. The Nifty Pharma up 2 per cent, FMCG 1 per cent, and Metal 1/5 per cent indices remained top gainers on the NSE today while the Nifty IT index was up 0.25 per cent. The Nifty Bank and private Bank indices, meanwhile, skidded around 0.4 per cent each ahead of the RBI monetary policy committee's outcome due tomorrow. The S&P BSE MidCap and SmallCap indices added 1 per cent and 0.8 per cent, respectively by the close.

MARKET UPDATE:Sensex up by 350 points to 49,520 and Nifty topped 14,650-mark

MARKET UPDATE:Sensex up by 350 points to 49,520 and Nifty topped 14,650-mark
Tuesday, April 6, 2021
The benchmark indices in India rose over half a percent in early deals today(6th April 2021) after a volatile start to the session. The S&P BSE Sensex hovered around 49,520 levels, up 350 points. NTPC, Hindustan Unilever, Mahindra & Mahindra, and Dr. Reddy's climbed 1 percent, each, and were the top Sensex gainers. Meanwhile, the broader Nifty50 index topped 14,650-mark. Majority of the Nifty sectoral indices traded in the green, led by the Nifty Metal index, up 1.4 percent.

Record jump in the Covid-19 cases in the country is the major factor to the market crash today

Record jump in the Covid-19 cases in the country is the major factor to the market crash today
Monday, April 5, 2021
The BSE barometer Sensex tanked 870 points or 1.74 percent to settle at 49,159 today(5th April 2021). The 30-pack index had declined as much as 1,449 points in intra-day trade to a low of 48,581. Banks, financials, Reliance Industries, and ITC were among the top Sensex drags. Meanwhile, NSE's flagship index Nifty50 shut shop at 14,638, down 230 points or 1.54 percent. The index had plummeted to 14,460 in intra-day today. A record jump in the Covid-19 cases in the country which led to lockdown-like restrictions in the economically important state of Maharashtra spooked market investors today. Besides, a weak macroeconomic print added fuel to the fire, further raising concerns about the pace and strength of the economic recovery. Read more

Closing Bell:Sensex down 871 points, Nifty at 14637.80

Closing Bell:Sensex down 871 points, Nifty at 14637.80
Monday, April 5, 2021
At close, the Sensex was down 870.51 points or 1.74% at 49,159.32, and the Nifty was down 229.60 points or 1.54% at 14,637.80. Infosys, Tech Mahindra, and HCL Technologies were the top gainers on Sensex, followed by Bharti Airtel. Bajaj Finance and IndusInd Bank were the top drags, followed by SBI. About 1063 shares have advanced, 1848 shares declined, and 180 shares are unchanged. The Nifty PSU Bank index declined 4 per cent on the NSE, while the Nifty Bank, Private Bank, Financial services, Realty, Auto, and Media indices slipped between 2.5 per cent and 3.5 per cent. On the contrary, the Nifty IT index jumped over 2 per cent and the Nifty Metal index gained 1 per cent. The S&P BSE MidCap and SmallCap indices closed 1.13 per cent and 1 per cent, respectively.

Closing Bell:Sensex gains 521 points, Nifty at 14867.35

Closing Bell:Sensex gains 521 points, Nifty at 14867.35
Thursday, April 1, 2021
At close, the Sensex was up 520.68 points or 1.05% at 50,029.83, and the Nifty was up 176.70 points or 1.20% at 14,867.40. Top BSE Sensex gainers were HCL Tech, Maruti Suzuki, NTPC, Bajaj-Auto, Titan Company, IndusInd Bank, Infosys and Reliance Industries Ltd (RIL). On the flip side, the stocks of Nestle India and HDFC Bank were trading in the negative territory. About 2120 shares have advanced, 727 shares declined, and 143 shares are unchanged.The Nifty Metal index settled over 5 per cent higher on the NSE today, followed by the Nifty PSU bank index, up 2.6 per cent. The Nifty Bank, Auto, Financial Services, Private Bank, and Pharma indices, meanwhile, gained up to 2 per cent. The Nifty IT and Realty indices closed with less than a per cent gain. The BSE MidCap and SmallCap indices gained 1.66 per cent and 2 per cent

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 outlook and Targets for Sensex, Nifty etc. for FY22

Market outlook and Targets for Sensex, Nifty etc. for FY22
Wednesday, March 31, 2021
Despite the ups and downs over the past one week, markets are set to register their best financial year performance in a decade. Thus far in FY21, the S&P BSE Sensex and Nifty50 have rallied 66 percent and 69 percent, respectively. Meanwhile, the gains in mid-and small-caps have been sharper with both the indices rallying 111 percent and 89 percent, respectively on the BSE. The rally has been partly on account of strong foreign inflows on the expectation of improvement in the economy after a stringent pandemic-triggered lockdown for a few months in FY21. Accommodative monetary policies of global central banks, especially the US, ensured emerging markets, including India, remained flushed with funds all through the year. During the year, foreign portfolio investors (FPIs) pumped in a record $37 billion (Rs 2.74 trillion) into equities (up to March 26), which is the highest since FY13, data from the National Securities Depository Limited (NSDL) show. Read more

Closing Bell:Sensex down 627 points, Nifty at 14690.70

Closing Bell:Sensex down 627 points, Nifty at 14690.70
Wednesday, March 31, 2021
At close, the Sensex was down 627.43 points or 1.25% at 49,509.15, and the Nifty was down 154.40 points or 1.04% at 14,690.70. HDFC Bank, HDFC, Power Grid, Tech Mahindra, ONGC, ICICI Bank, Infosys, and Bajaj Finance were the top losers in the Sensex pack. While Bajaj Finserv, ITC, SBI, HUL, Tata Motors, UPL, and Grasim were top gainers in the Sensex pack. About 1362 shares have advanced, 1470 shares declined, and 190 shares are unchanged. Among sectors, IT, bank, energy and infra sectors fell 0.4-1.7 per cent, while the PSU Bank index added over a per cent. The S&P BSE MidCap index ended 0.07 per cent higher while the S&P BSE SmallCap index advanced 0.52 per cent.

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

MARKET UPDATE:Sensex fell 300 points to 49,830 levels and Nifty gave up the 14,800-mark
Wednesday, March 31, 2021
The benchmark indices in India fell over half a percent in early deals of the last trading day of the financial year 2020-21 (FY21), amid mixed global cues. The S&P BSE Sensex fell 300 points to 49,830 levels and the broader Nifty50 index gave up the 14,800-mark. HDFC twins (HDFC and HDFC Bank) were the top Sensex laggards, both down over 2 percent, followed by PowerGrid, ICICI Bank, and Tech Mahindra (down over 1%) each. All the Nifty sectoral indices, barring the Nifty Pharma index, slipped into the red, with the Nifty IT index, down 1 percent. Meanwhile, the broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indices trading 0.2 percent higher, each.

Nazara Technologies lists at 81% premium; Investors can book profit

Nazara Technologies lists at 81% premium; Investors can book profit
Tuesday, March 30, 2021
Nazara Technologies made a stellar debut on the bourses today(30th March 2021) as the shares of the firms listed at Rs 1,990, an 81 percent over its issue price of Rs 1,101 on the National Stock Exchange (NSE). Meanwhile, on the BSE, the stock debuted at Rs 1,979, 79 percent above its issue price. Post-listing, it moved higher to 2,026.90, up 84 percent. At 10:02 am, Nazara Technologies was trading 74 percent higher against its issue price at Rs 1,917.75, after hitting a low of Rs 1,869.05 on the BSE. A combined around 1.4 million equity shares changed hands on the counter on the NSE and BSE so far. Nazara Technologies is an Indian gaming and sports media platform with a presence in India, North America, Africa, and the Middle East. The company derives revenues mainly from subscription fees paid by users for accessing gamified early learning content, as well as, from the eSports business. Read more

Closing Bell: Sensex gains 1128 points, Nifty at 14845.10

Closing Bell: Sensex gains 1128 points, Nifty at 14845.10
Tuesday, March 30, 2021
At close, the Sensex was up 1,128.08 points or 2.30% at 50,136.58, and the Nifty was up 337.80 points or 2.33% at 14,845.10 supported by gains in IT, pharma, and metal stocks. HCL Technologies, HDFC Bank, Infosys, NTPC, Hindustan Unilever Ltd (HUL), Nestle India, Power Grid Corporation of India, Housing Development Finance Corporation (HDFC), TCS and Titan were the top Sensex gainers. While losers are Axis Bank, Mahindra & Mahindra and Bharti Airtel. About 1529 shares have advanced, 1386 shares declined, and 197 shares are unchanged. Nifty IT gained 3 per cent followed by Nifty Pharma indices. while the Nifty FMCG and Metal indices closed with nearly 2.5 per cent gains. On the contrary, the Nifty Realty index ended 0.8 per cent down in a firm market. The S&P BSE MidCap index ended 0.98 per cent higher while the S&P BSE SmallCap index gained 1.3 per cent.

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

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

Closing Bell: Sensex gains 568 points, Nifty at 14507.30

Closing Bell: Sensex gains 568 points, Nifty at 14507.30
Friday, March 26, 2021
At close, the Sensex was up 568.38 points or 1.17% at 49,008.50, while the Nifty was up 182.40 points or 1.27% at 14,507.30. Bajaj Finserv, HDFC, Asian Paints and Titan Company limited were the top gainers. Tata Steel, Tata Motors, Bharti Airtel, and Adani Ports were the additional gainers On the downside, PowerGrid, IndusInd Bank, ITC, Maruti Suzuki, UPL, and TCS declined the most on the benchmark indices. About 1633 shares have advanced, 1283 shares declined, and 167 shares are unchanged. The Nifty Metal index ended nearly 4 per cent higher, while the Nifty Financial Services, FMCG, and Auto indices ended with around 2 per cent gains. Realty, bank, pharma and IT indices, meanwhile, advanced up to 1.5 per cent. The S&P BSE MidCap index ended 1.66 per cent higher, while the SmallCap counterpart closed with a per cent gain.

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.

Are Indian markets among worst performers globally?

Are Indian markets among worst performers globally?
Thursday, March 25, 2021
The S&P BSE Sensex and the Nifty 50 have been among the worst-performing major frontline indices across the globe. if analysts and technical chartists are to be believed, there is still more pain left before the Indian markets start to look up again. The recent surge in Covid cases across the country, elevated commodity prices, and higher bond yields have punctured the market sentiment. From its 52-week high of 52,516.76 hits in intra-day deals on February 16, the S&P BSE Sensex has slipped over 3,000 points, or 6 percent till now. Only the ones in Turkey, Sri Lanka, the Philippines, and Hong Kong have fared worse during this period, data show. At the global level, the positive news of the $1.9 trillion fiscal stimuli in the US and the good progress of the vaccine campaign got overshadowed by the adverse effects of a rebound in the US dollar and rising US bond yields. Read more

Closing Bell:Sensex down 740 points, Nifty at 14324.90

Closing Bell:Sensex down 740 points, Nifty at 14324.90
Thursday, March 25, 2021
At close, the Sensex was down 740.19 points or 1.51% at 48,440.12, and the Nifty was down 224.50 points or 1.54% at 14,324.90. Only Dr Reddy’s, ICICI Bank, HDFC, Tata Steel and Larsen & Toubro ended in the green among Sensex constituents. Maruti Suzuki, Hindustan Unilever, and Bharti Airtel, Bajaj Finance, ONGC were the worst performing Sensex stocks. About 748 shares have advanced, 2147 shares declined, and 170 shares are unchanged. The Nifty PSU Bank index skidded 2.5 per cent on the NSE. Meanwhile, the Nifty Realty, Media, and Auto indices dropped 2 per cent each. Other sectoral indices ended up to 1.5 per cent lower, barring the Nifty Metal index, up 0.02 per cent. The S&P BSE MidCap and SmallCap indices closed 2.22 per cent and 1.85 per cent lower, respectively.

MARKET UPDATE:Sensex fell 600 points at 48,580 levels and Nifty gave up the 14,400-mark

MARKET UPDATE:Sensex fell 600 points at 48,580 levels and Nifty gave up the 14,400-mark
Thursday, March 25, 2021
Bears tightened their grip today(25th March 2021), with the benchmark indices in India sliding over 1 percent in morning deals, ahead of the expiry of the March series derivative contracts. The S&P BSE Sensex fell 600 points, or 1.2 percent, at 48,580 levels and the Nifty50 index gave up the 14,400-mark. IndusInd Bank fell 2 percent and was the top Sensex laggard, followed by Axis Bank, State Bank of India, Bajaj Finance, and Maruti Suzuki (all down over 1%). Shares of Laxmi Organic listed at Rs 155.50 on the NSE, a premium of 20 percent over the issue price, while Craftsman Automation listed at 9 percent discount. All the Nifty sectoral indices, traded in the red, with the Nifty PSU Bank index, down 2 percent, bleeding the most. In the broader markets, the S&P BSE MidCap and SmallCap indices fell 1.1 percent, each. Read more

Closing Bell: Sensex down 871 points, Nifty at 14549.40

Closing Bell: Sensex down 871 points, Nifty at 14549.40
Wednesday, March 24, 2021
At Close, Sensex closed 871 points, or 1.74 per cent, down at 49180.31 while Nifty settled at 14549.40 down 267 points or 1.79 per cent. Reliance Industries and banking stocks were among the major contributors to today’s fall. Only Asian Paints and Power Grid corporation ended with gains on Sensex. Bank Nifty was down 2.6%. Among sectoral indices, only Nifty Pharma ended with gains on Wednesday.. The Nifty PSU Bank, Metal, and Realty indices slipped up to 3 per cent, while the Nifty Private Bank, Financial Services, Auto, and Bank indices were down 2 per cent. The Nifty Pharma index, meanwhile, was up 0.08 per cent.The S&P BSE MidCap and SmallCap indices ended 1.6 per cent and 1.4 per cent lower, respectively.

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.

Closing Bell: Sensex gains 280 points, Nifty at 14814.75

Closing Bell: Sensex gains 280 points, Nifty at 14814.75
Tuesday, March 23, 2021
At Close, Sensex closed 280 points, or 0.56 percent, higher at 50,051.44 while Nifty settled at 14,814.75, up 78 points or 0.53 percent.Ultratech Cement, HDFC Bank, IndusInd Bank, and ICICI Bank were the top gainers. Shree Cement, Adani Ports, Divis Labs, Tata Motors, and Maruti Suzuki were the additional gainers While ONGC, ITC and Power Grid were the top drags. Nifty PSU Bank index gained 3 per cent. The Nifty Auto, Financial Services, IT, and Realty indices gained up to 1 per cent on the NSE. On the downside, the Nifty FMCG and Metal indices skid 0.4 per cent and 0.6 per cent, respectively. The S&P BSE MidCap index gained 0.95 per cent higher, while the S&P BSE SmallCap index added 0.75 per cent. India VIX jumped more than 3% intra-day

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.

Closing Bell: Sensex slips 87 points, Nifty at 14736.40

Closing Bell: Sensex slips 87 points, Nifty at 14736.40
Monday, March 22, 2021
At close, the Sensex was down 86.95 points or 0.17% at 49,771.29, and the Nifty was down 7.60 points or 0.05% at 14, 736.40. Dr Reddy’s, Tech Mahindra, and Sun Pharma were the top gainers. while Adani Ports, Britannia, Divis Labs, and Cipla were the additional gainers on the Nifty. On the downside, IndusInd Bank, Power Grid, ICICI Bank, Tata Motors, HDFC Bank, Reliance Industries, and Axis Bank, were the top laggards on both the indices. About 1570 shares have advanced, 1427 shares declined, and 223 shares are unchanged. Among sectors, Nifty IT, Metal, pharma and FMCG indices added 1 per cent each, while Nifty Bank and PSU Bank index shed a per cent each. The S&P BSE MidCap and SmallCap indices ended 0.99 per cent and 0.73 per cent higher, respectively.

Bulls fought back to lift indices over a per cent higher

Bulls fought back to lift indices over a per cent higher
Friday, March 19, 2021
Today (19th March 2021) bulls fought back to lift indices over a percent higher. A drop in the US Treasury yield and a GDP growth upgrade by Moody's for India helped the markets snap a 5-day losing streak. Tracking sluggishness in the global markets, the domestic equity markets opened in a sea of red with the frontline indices dropping over a percent. The dip was, however, quickly bought-into, pushing markets in the positive territory in less than two hours into the trade. Mood in the global markets changed after the US Treasury yields slipped to 1.5 percent from Thursday's high of 1.74 percent. Back home, Moody's Analytics said India's economy is likely to grow by 12 percent in CY2021 following a 7.1 per cent contraction last year as near-term prospects have turned more favourable. Read more

Closing Bell:Sensex gains 641 points, Nifty at 14744.00

Closing Bell:Sensex gains 641 points, Nifty at 14744.00
Friday, March 19, 2021
At close, the Sensex was up 641.72 points or 1.30% at 49,858.24, and the Nifty was up 186.10 points or 1.28% at 14,744 lifted by gains in FMCG, metals, and financials. NTPC, HUL and Reliance Industries were the top index gainers. Tech Mahindra and Larsen & Toubro were the top drags. About 1461 shares have advanced, 1418 shares declined, and 200 shares are unchanged. The Nifty Energy index rose 3 per cent and the Nifty FMCG index, up 1 per cent, leading the gainers. Among sectoral indices, Nifty Realty was the only one to end in the red. The S&P BSE MidCap index was flat while the SmallCap index dipped half a per cent.

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

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

Sensex has sunk over 2,300 points in five sessions

Sensex has sunk over 2,300 points in five sessions
Thursday, March 18, 2021
Sensex tanked close to 800 points today after initially starting the day in the green. Sensex has now sunk over 2,300 points in five sessions and is inching closer towards its first technical correction since the crash of last March caused by the COVID-19 pandemic. To back its determination to keep monetary policy accommodative, the US Fed also hiked the limit for overnight reverse repo auction exposure to $80 billion from $30 billion earlier to assuage the mayhem in the US Treasury bond market. Yet the market does not seem convinced. The major factors driving the skittishness in the Indian equity market are: Read more

Closing Bell: Sensex down 585 points, Nifty at 14557.85

Closing Bell: Sensex down 585 points, Nifty at 14557.85
Thursday, March 18, 2021
At close, the Sensex was down 585.10 points or 1.17% at 49,216.52, while Nifty was down 163.40 points or 1.11% at 14,557.90. Infosys, HCL Technologies, Dr Reddy’s, and Reliance Industries were the worst-performing stocks on Sensex. ITC and BHEL was the top Sensex gainer followed by Bajaj Auto and Bharti Airtel. About 819 shares have advanced, 2114 shares declined, and 131 shares are unchanged. Nifty FMCG and Nifty Metal were the only two sectoral indices to end in green. Nifty IT was down over 3% as the worst performing sectoral index. Nifty PSU Bank and Realty indices declined 2 per cent each, while the Nifty Bank, Private Bank, and Financial Services indices slipped 1 per cent each. The S&P BSE Mid and SmallCap indices sliding 1.3 per cent and 1.6 per cent, respectively at the close.

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

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

Closing Bell:Sensex down 562 points, Nifty at 14721.30

Closing Bell:Sensex down 562 points, Nifty at 14721.30
Wednesday, March 17, 2021
At close, the Sensex was down 562.34 points or 1.12% at 49,801.62, and the Nifty was down 189.20 points or 1.27% at 14,721.30 for the fourth consecutive session amid a broad-based sell-off. Reliance Industries Ltd (RIL), HDFC Bank, Kotak Mahindra Bank, State Bank of India (SBI) and ICICI Bank contributed the most to the indices’ loss. While gainers included ITC, TCS, Infosys and HDFC.About 818 shares have advanced, 2115 shares declined, and 138 shares are unchanged. All the sectoral indices ended in the red with the Nifty PSU Bank index fell 4 per cent and Nifty Realty, Metal fell 3 per cent. The Nifty Pharma, Private Bank, and Auto indices, meanwhile, skid up to 2 per cent. The S&P BSE MidCap index sliding 2.28 per cent, while the S&P BSE SmallCap index skid 2.12 per cent.

Closing Bell: Sensex down 31 points, Nifty at 14910.45

Closing Bell: Sensex down 31 points, Nifty at 14910.45
Tuesday, March 16, 2021
At close, the Sensex was down 31.12 points or 0.06% at 50,363.96, while Nifty was down 19 points or 0.13% at 14,910.50.Top BSE Sensex losers include Larsen & Toubro (L&T), ICICI Bank, State Bank of India (SBI), HDFC Bank, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank and NTPC. On the flip side, Asian Paints was the top index gainer, up 5 per cent, followed by Dr Reddy’s, HCL Technologies, Hindustan Unilever Ltd (HUL), Tata Consultancy Services (TCS), and ITC, among others. About 1449 shares have advanced, 1463 shares declined, and 174 shares are unchanged. The Nifty Bank, Private Bank, PSU Bank, and Metal indices skid up to 1.3 per cent on the NSE. On the upside, the Nifty IT and FMCG indices closed 1 per cent higher each. The S&P BSE MidCap and SmallCap indices each ended around 0.4 per cent higher.

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

Closing Bell: Sensex down 400 points, Nifty at 14929.50

Closing Bell: Sensex down 400 points, Nifty at 14929.50
Monday, March 15, 2021
At close, the Sensex was down 397.00 points or 0.78% at 50,395.08, and the Nifty was down 101.50 points or 0.68% at 14,929.50. The top BSE Sensex losers were Housing Development Finance Corporation (HDFC), HDFC Bank, State Bank of India (SBI), Kotak Mahindra Bank, Reliance Industries Ltd (RIL). On the flip side, ONGC shares gained the most, rising over 1 per cent. Power Grid Corporation of India, Maruti Suzuki, Tech Mahindra, Asian Paints were among the top index gainers. About 1210 shares have advanced, 1788 shares declined, and 207 shares are unchanged. Nifty sectoral indices were painted red, with the Nifty Bank index, down 2.7 per cent, bleeding the most. Only metal, IT and PSU bank indices ended in the green.The S&P BSE MidCap and SmallCap indices were down 0.8 per cent and 0.5 per cent, respectively.

Key factors behind today's market fall

Key factors behind today's market fall
Monday, March 15, 2021
Today (15th March 2021) the equity benchmark indices were on track for the second day of fall.The fall comes on the back of weak macroeconomic data (dip in IIP, rise in inflation) and resurgence in Covid-19 infections. Besides, elevated crude prices and jump in bond yields also weighed on sentiment. The weak macroeconomic print spooked investors who have been plowing money into the market amid hopes of a strong economic recovery. In a double whammy for the economy, industrial production growth re-entered the negative territory by contracting 1.6 percent in January, while retail inflation soared to a three-month high of 5.03 percent in February on costlier food items. That apart, WPI inflation came in at 4.17 percent in February, up 2.03 percent from January. "Looking ahead, we expect large upticks in the WPI inflation over the next three months, as the wedge between the commodity prices and their year-ago level intensifies. We expect the headline and core WPI inflation to rise Read more

MARKET UPDATE:Sensex fell 500 points to 50,280 levels and Nifty gave up the 14,900-mark

MARKET UPDATE:Sensex fell 500 points to 50,280 levels and Nifty gave up the 14,900-mark
Monday, March 15, 2021
The benchmark indices in India added to their early losses and were trading over 1 percent lower in today's(15th March 2021) morning deals. Meanwhile, the volatility index, India VIX, ticked up 5 percent to 22.9 levels. The S&P BSE Sensex fell 500 points, or 1 percent, to 50,280 levels and the Nifty50 index gave up the 14,900-mark. Bajaj Finance, Bajaj Finserv, HDFC, State Bank of India, and HDFC Bank fell over 1 percent each and were the top Sensex laggards. The Nifty sectoral indices were painted red, with the Nifty Bank index, down 1.8 percent, bleeding the most. In the broader market, the S&P BSE MidCap and SmallCap indices were down 0.5 percent and 0.4 percent, respectively. Read more

Closing Bell:Sensex down 400 points, Nifty at 15030.95

Closing Bell:Sensex down 400 points, Nifty at 15030.95
Friday, March 12, 2021
At close, the Sensex was down 487.43 points or 0.95% at 50,792.08, while Nifty was down 143.80 points or 0.95% at 15,031.. Kotak Mahindra Bank, HDFC Bank, HDFC, ICICI Bank, and SBI were all trading with losses. Powergrid, Infosys, Titan and Bajaj Finance were the only stocks trading with gains on Sensex. About 1335 shares have advanced, 1626 shares declined, and 174 shares are unchanged. All the NSE indices were painted red with the Nifty Auto and PSU Bank indices down around 2 per cent each. The Nifty Bank, Financial Services, FMCG, Metal, and Private Bank indices, on the other hand, slipped nearly 1 per cent. The S&P BSE SmallCap index fended the fall and settled 0.14 per cent higher and the MidCap, fell 0.45 per cent.

Closing Bell:Sensex gains 254 points, Nifty at 15174.80

Closing Bell:Sensex gains 254 points, Nifty at 15174.80
Wednesday, March 10, 2021
At close, the Sensex was up 254.03 points or 0.50% at 51,279.51, and the Nifty was up 76.40 points or 0.51% at 15,174.80. Bajaj Finance, Sun Pharma, JSW Steel, Tata Steel, Hindalco, and Tech Mahindra were the top gainers on Sensex. ONGC, Kotak Mahindra Bank, SBI Life and Maruti Suzuki India were the top drags. About 1609 shares have advanced, 1322 shares declined, and 170 shares are unchanged. The Nifty Metal index gained 1.5 per cent Nifty IT index up 1.67 per cent and the Nifty Pharma index up 1.48 per cent. On the downside, the Nifty PSU Bank index ended 0.15 per cent lower. The S&P BSE MidCap index ended 0.7 per cent higher today, while the S&P BSE SmallCap index settled 0.9 per cent higher.

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

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

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.

Closing Bell:Sensex gains 584 points, Nifty at 15098.40

Closing Bell:Sensex gains 584 points, Nifty at 15098.40
Tuesday, March 9, 2021
At close, the Sensex was up 584.41 points or 1.16% at 51,025.48, and the Nifty was up 142.20 points or 0.95% at 15,098.40. Kotak Mahindra Bank, HDFC Bank, Tech Mahindra, Housing Development Finance Corporation (HDFC), ICICI Bank, Bajaj Finance, Asian Paints, TCS, HCL Technologies, were among top index gainers. On the contrary, Power Grid Corporation of India, ONGC, NTPC, Bharti Airtel, State Bank of India (SBI) were among top Sensex losers. About 1254 shares have advanced, 1693 shares declined, and 190 shares are unchanged.Nifty Metal index down 2.5 per cent at the close, followed by the Nifty PSU Bank, Pharma, Realty, Media, and Auto indices, down between 0.5 per cent and 1.5 per cent. The Nifty Financial Services, Bank, and IT indices were the only gainers, up 2 per cent, 1.8 per cent, and 1 per cent, respectively. The S&P BSE MidCap and SmallCap indices closing 0.6 per cent and 0.4 per cent down, respectively.

BPCL tanks 6% after BPCL Trust offloads stake in firm

BPCL tanks 6% after BPCL Trust offloads stake in firm
Tuesday, March 9, 2021
Shares of BPCL dipped 6 percent to Rs 438 on the National Stock Exchange (NSE) in intra-day trade today(9th March 2021) after BPCL Trust for Investment in Shares (BPCL Trust) sold up to 7 percent of its stake in state-owned energy company through a block deal. Till 09:21 am, around 153.66 million equity shares, representing 7.08 percent of total equity, of BPCL had changed hands on the NSE. On the BSE, around 7.5 million equity shares or 0.34 percent equity of the state-owned company had changed hands. On Monday, BPCL informed the stock exchanges that, a sub-committee of the board of directors of the company has approved the sale of BPCL equity shares which are held by the BPCL Trust for Investment in shares through accelerated book built offering of equity shares on the screen-based trading platform of the stock exchanges. Read more

MARKET UPDATE:Sensex rose 400 points to 50,860 levels and the Nifty holding above the 15,000-mark

MARKET UPDATE:Sensex rose 400 points to 50,860 levels and the Nifty holding above the 15,000-mark
Tuesday, March 9, 2021
The Indian benchmark indices traded over half a percent higher in today's(9th March 2021) early deals, tracking similar trends in other Asian markets. The S&P BSE Sensex rose 400 points to 50,860 levels and the Nifty50 was comfortably holding above the 15,000-mark. HDFC Bank and UltraTech Cement gained 2 percent, each, and were the top Sensex gainers. Among other individual stocks, BPCL dipped 6 percent after media reports said that BPCL Trust for Investment in Shares (BPCL Trust) will sell up to 4 percent of its shares in the company. The Nifty sectoral indices traded in the green, led by the Nifty Bank index, up 1.4 percent.

Closing Bell:Sensex gains 36 points, Nifty at 14956.20

Closing Bell:Sensex gains 36 points, Nifty at 14956.20
Monday, March 8, 2021
At Close, the Sensex was up 35.75 points or 0.07% at 50,441.07, and the Nifty was up 18.10 points or 0.12% at 14,956.20. Larsen & Toubro and ONGC were the top index gainers, followed by HCL Technology and Axis Bank. IndusInd Bank, Ultratech Cement, and Bajaj Finance were the top index drags. About 1698 shares have advanced, 1382 shares declined, and 208 shares are unchanged. Nifty PSU Bank, Metal, and IT indices gained up to 1.5 per cent higher on the NSE. Nifty Realty, FMCG, and Auto indices, meanwhile, ended up to 1 per cent down. The S&P BSE MidCap and SmallCap indices closed 0.3 per cent and 0.6 per cent higher, respectively.The volatility index, India VIX, cooled-off 3.5 per cent and closed at 24.6 levels

Closing Bell:Sensex down 598 points, Nifty at 15080.75

Closing Bell:Sensex down 598 points, Nifty at 15080.75
Thursday, March 4, 2021
At Close, Sensex was down 598.57 points or 1.16% at 50,846.08, and the Nifty was down 164.80 points or 1.08% at 15,080.80. Housing Development Finance Corporation (HDFC) as the top index loser. Bajaj Finsv, L&T, State Bank of India (SBI), Axis Bank, HDFC Bank and ICICI Bank were among other losers. UltraTech Cement, Dr Reddy’s Laboratories, Asian Paint, Hindustan Unilever Ltd (HUL) and Maruti Suzuki ended with gains. About 1580 shares have advanced, 1350 shares declined, and 183 shares are unchanged. Barring Nifty Media and Nifty Realty indices, all the sectoral indices finished trade in the negative territory. The S&P BSE MidCap index settled 0.5 per cent higher,

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.

Closing Bell:Sensex gains 447 points, Nifty at 14919.10

Closing Bell:Sensex gains 447 points, Nifty at 14919.10
Tuesday, March 2, 2021
At close, the Sensex was up 447.05 points or 0.90% at 50,296.89, and the Nifty was up 157.60 points or 1.07% at 14,919.10.M&M was the top Sensex gainer, followed by NTPC, Bajaj Auto, Tech M, Infosys, TCS, and Maruti Suzuki. On the downside, ONGC, HDFC, PowerGrid, Dr Reddy's Labs, and SBI were the only losers. About 1813 shares have advanced, 1138 shares declined, and 166 shares are unchanged. Nifty PSU Bank index closed in the red for the second straight day, down 0.04 per cent. On the higher side, the Nifty Auto and IT indices closed over 3 per ent higher each, while the Nifty Pharma, Realty, Private Bank, and FMCG indices ended up between 0.7 per cent and 1.5 per cent.BSE Midcap and Smallcap indices each added 1.5 per cent.

Closing Bell:Sensex gains 750 points, Nifty at 14761.55

Closing Bell:Sensex gains 750 points, Nifty at 14761.55
Monday, March 1, 2021
At close, the Sensex was up 749.85 points or 1.53% at 49,849.84, and the Nifty was up 232.30 points or 1.60% at 14,761.50. HDFC HDFC Bank, Kotak Mahindra Bank, Asian Paints, L&T and ICICI Bank were the top gainers in the Sensex pack. while Bharti Airtel is the only loser. About 1921 shares have advanced, 1093 shares declined, and 189 shares are unchanged. Nifty Media index surged over 4 per cent followed by Nifty Auto, which ended up 2.38 per cent, Nifty Energy and Metal indices rose 2 per cent each. Except for the Nifty PSU Bank index, all the indices ended in the positive territory. The S&P BSE SmallCap index outperformed the benchmark index with a close at 20,475 levels, up 1.6 per cent. The S&P BSE MidCap index, on the other hand, closed at 20,257 levels, up 1.4 per cent.The volatility index, India VIX, cooled-off 9 per cent to end near 25.6 levels.

What's behind Sensex's 1,939-point crash today

What's behind Sensex's 1,939-point crash today
Friday, February 26, 2021
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

Closing Bell:Sensex down 1939 points, Nifty at 14529.15

Closing Bell:Sensex down 1939 points, Nifty at 14529.15
Friday, February 26, 2021
At close, Sensex was 1,939 points, or 3.80 per cent, down at 49,099.99 while Nifty was at 14,529.15, down 568 points or 3.76 per cent. ONGC was the worst performer, followed by Mahindra & Mahindra, Bajaj Finserv, Bajaj Finance, Grasim and Axis Bank. Small-cap stocks held their ground relatively better as the S&P BSE SmallCap index settled only 0.7 per cent down. The S&P BSE MidCap index, on the other hand, ended 1.75 per cent lower. Nifty Bank tanked 4.63%, along with a 4.86% fall in Nifty Financial Services. The Nifty Metal and Auto indices dropped 3 per cent while the Nifty FMCG, IT, and Pharma indices slipped 2 per cent each. Volatility spiked to an eight-month high of 28.05 points, jumping 22.54%.

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

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

MARKET UPDATE:Sensex 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.

Tata Motors, Tata Motors DVR gain up to 8%

Tata Motors, Tata Motors DVR gain up to 8%
Tuesday, February 23, 2021
Shares of Tata Motors edged higher by 8 percent to Rs 329 on the BSE in intra-day trade today(23rd Feb.2021) on the back of heavy volumes after the company outlined an ambition to reach double-digit commercial vehicle (CV) margins and high single-digit passenger vehicle (PV) margins in coming years. It maintained plans to attain zero debt (excluding leases) by FY24 through strong operating cash flows and divestments. In its virtual 2021 investor event for Indian operations, Tata Motors guided for sustainable free cash flow (FCF) generation in CVs and PVs (from FY24E onwards for the latter). The company said CV demand tailwinds are converging but peak industry volumes are two to three years away and the company would continue to lead 4-W electrification in India. Read more

Closing Bell:Sensex ends flat, Nifty at 14707.80

Closing Bell:Sensex ends flat, Nifty at 14707.80
Tuesday, February 23, 2021
At close, the Sensex was up 7.09 points or 0.01% at 49,751.41, and the Nifty was up 32.10 points or 0.22% at 14,707.80.ONGC was the top gainer followed by L&T and IndusInd Bank. On the downside, Kotak Mahindra Bank, Maruti Suzuki, HDFC Bank and Bajaj Auto ended the day as top laggards. About 1657 shares have advanced, 1213 shares declined, and 158 shares are unchanged. Bank Nifty, Nifty PSU Bank, NIFTY Private Bank, and Nifty Pharma closed with losses. On the upside, the Nifty Metal index jumped 3.8 per cent while the Nifty Realty index closed 2.6 per cent at close. The Nifty MidCap 100 and SmallCap 100 indices settled with gains of about 1 per cent on the NSE.

Closing Bell:Sensex down 1145 points, Nifty at 14675.70

Closing Bell:Sensex down 1145 points, Nifty at 14675.70
Monday, February 22, 2021
At close, the Sensex was down 1,145.44 points or 2.25% at 49,744.32, and the Nifty was down 306.10 points or 2.04% at 14,675.70.ONGC, HDFC Bank, Kotak Mahindra Bank, Asian Paints, Ultratech Cement, and Infosys were the only Sensex stocks to trade in the green.L&T and Mahindra & Mahindra, Dr Reddy’s Labs, ITC were the top drags. About 1030 shares have advanced, 1942 shares declined, and 151 shares are unchanged. Nifty metal up 1.6 per cent. On the downside, the Nifty Realty, PSU banks, Pharma, IT, and Media indices declined by 3 per cent, while the Nifty Private Bank, FMCG, Financial Services, and Banks' index closed 2 per cent down. The S&P BSE MidCap and SmallCap indices closing 1.34 per cent and 1 per cent down, respectively. India VIX was up 5% sitting above 23 levels.

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.

Closing Bell:Sensex down 434.93 points, Nifty at 14981.75

Closing Bell:Sensex down 434.93 points, Nifty at 14981.75
Friday, February 19, 2021
At close, the Sensex was down 434.93 points or 0.85% at 50,889.76, and the Nifty was down 137.20 points or 0.91% at 14,981.80. ONGC was the top loser, followed by State Bank of India (SBI), Axis Bank, ICICI Bank, Bajaj-Auto, Maruti Suzuki. On the flip side, IndusInd Bank, Hindustan Unilever Ltd (HUL), Reliance Industries Ltd (RIL) and TCS were among other gainers. About 1175 shares have advanced, 1727 shares declined, and 170 shares are unchanged.ll sectoral indices ended in the red with the PSU bank index down 4.7 per cent, while the auto, bank, infra, metal and pharma indices shed 1-2 per cent.. The S&P BSE MidCap index underperformed on the BSE and 1.7 per cent down today. The SamllCap counterpart, meanwhile, settled at 0.7 per cent down.

SBI Cards m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel

SBI Cards m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel
Friday, February 19, 2021
With a market-capitalisation (m-cap) of Rs 1.02 trillion, the State Bank of India-arm SBI Cards and Payment Services today(19th February 2021) stood at 34th position in the overall m-cap ranking, BSE data showed. The firm’s m-cap is now more than that of Tata Motors, Shree Cement, and JSW Steel. With the government's push towards digitalisation, coupled with developments in e-commerce and growth in POS infrastructure, India is gradually shifting towards a cashless economy. This and recovery from the Covid-19 pandemic are some of the factors fuelling the rally in the stock price, analysts say. “With the focus now on growth, SBI Cards will be an early beneficiary as the economy recovers on the back of being a play on rising discretionary spends and non-cash economy, the broad reach of parent SBI, under-utilised captive Banca potential, and leadership in co-branded cards,” says an expert. Read more

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.

Nomura ups rating on Indian equities to overweight in Asia

Nomura ups rating on Indian equities to overweight in Asia
Thursday, February 18, 2021
Nomura has raised its rating on Indian equities to ‘overweight’ in its Asia ex-Japan portfolio. Nomura is now much less concerned about two of the central issues that plagued India – India’s limited fiscal space and vulnerability from Covid-19. The recent developments, it said, have surprised them. However, Nomura does caution that the execution of Budget and other policy proposals remains one of the key risks. “A number of recent positive developments in India lead us to change our stance to an Overweight (from Neutral) in our regional Asia-ex-Japan (AeJ) allocation. We view India as a counterweight to North Asia as a large liquid market that – despite its strong run recently – does provide a hedge in portfolios. We are modestly reallocating to India from Korea – although we remain Overweight on Korea (alongside China and Indonesia),” wrote Chetan Seth and Nirransh Jain of Nomura in a February 17 co-authored report. Read more

Closing Bell:Sensex down 379 points, Nifty at 15118.95

Closing Bell:Sensex down 379 points, Nifty at 15118.95
Thursday, February 18, 2021
At close, the Sensex was down 379.14 points or 0.73% at 51,324.69, and the Nifty was down 89.90 points or 0.59% at 15,119. Bajaj Finance was the top loser followed by Kotak Mahindra Bank, Mahindra & Mahindra (M&M), ICICI Bank, Housing Development Finance Corporation (HDFC), and Nestle India. On the flip side, ONGC was the top gainer followed by NTPC, Asian Paints, Tech Mahindra and Tech Mahindra. About 1609 shares have advanced, 1316 shares declined, and 151 shares are unchanged. Sectorally, Nifty PSU Bank, Nifty IT and Nifty Metal indices ended up 5.6 per cent, 1.33 per cent and 1.31 per cent, respectively. On the downside, the Nifty Financial Services, Auto, and Private Bank indices slipped up to 1.5 per cent each. The S&P BSE SmallCap index moved closer to record high levels and the S&P BSE MidCap, on the other hand, closed at 20,376 levels, up 0.7 per cent.

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

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

Closing Bell:Sensex down 400 points, Nifty at 15208.90

Closing Bell:Sensex down 400 points, Nifty at 15208.90
Wednesday, February 17, 2021
At close, the Sensex was down 400.34 points or 0.77% at 51,703.83, and the Nifty was down 104.60 points or 0.68% at 15,208.90. HDFC Bank, Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank, TCS, Infosys and Hindustan Unilever Ltd (HUL), were the top gainers in the Sensex pack. While Nestle, Maruti Suzuki, Asian Paints, Bajaj Finserv, HDFC Bank, and IndusInd Bank were the top losers on the BSE. About 1480 shares have advanced, 1422 shares declined, and 144 shares are unchanged. Nifty IT and Pharma indices were down 1.3 per cent and 1.7 per cent down, respectively. The Nifty Financial Services and FMCG indices, too, ended up to 1 per cent down. On the upside, the Nifty PSU bank index settled around 6 per cent higher on privatisation hopes.S&P BSE MidCap index was up 9 points at 20,237, while S&P BSE SmallCap index rose half a per cent or 105 points to settle at 19,883.

Sharper-than-expected economic recovery can fuel further rally in domestic cyclicals, industrials, and financials

Sharper-than-expected economic recovery can fuel further rally in domestic cyclicals, industrials, and financials
Wednesday, February 17, 2021
Investors are now betting big on cyclical recovery after a sharp economic contraction with most of the related stocks doing well at the bourses after playing safe during the initial phase of the pandemic in 2020 and sticking to defensive plays such as pharmaceuticals, fast-moving consumer goods (FMCG) and information technology (IT). Till June-July, defensive sectors like pharma and FMCG were leaders, followed by IT, as investors wanted to play safe given the uncertainty around the pandemic, its impact on the economy, and the fortunes of India Inc, analysts say. From August – September, cyclical like auto and banking & financials picked up the pace. Post budget, infrastructure, industrials, and stocks of public sector undertakings (PSUs) have rallied. Read more

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.

India is Asia's best post-Covid recovery story: Chris Wood

India is Asia's best post-Covid recovery story: Chris Wood
Friday, February 12, 2021
Christopher Wood, global head of equity strategy at Jefferies has reiterated his bullish view on Indian equities due to a steady fall in Covid cases coupled with a sharp economic recovery in India. In December 2020, Wood raised exposure to Indian equities twice in his Asia ex-Japan long-only portfolio. “With Covid cases in India now 88 percent off their peak amid growing hopes of herd immunity, India looks right now Asia’s best post-Covid recovery story,” Wood wrote in his weekly note to investors, GREED & fear. For the stock market to have a real nasty unwind at the global level rather than just a bull market correction, Wood believes there needs to be a catalyst in the form of an economic downturn or a material tightening in the US Federal Reserve's (US Fed) policy. He ruled out the possibility of either of these catalysts materialising. Read more

MARKET UPDATE: Sensex traded 200 points up at 51,720, Nifty topped 15,200

MARKET UPDATE: Sensex traded 200 points up at 51,720, Nifty topped 15,200
Friday, February 12, 2021
The markets in India added to their early gains in today's(12th February 2021) late morning deals, with IT stocks and private banks doing the majority of the lifting. The S&P BSE Sensex traded 200 points up at 51,720, and the broader Nifty50 index topped 15,200. ITC fell 3 percent after announcing its December quarter results and was the top Sensex laggard. On the other hand, IT stocks, including Infosys, HCL Tech, and Tech Mahindra ticked up 1 percent, each. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1.1 percent, leading the gainers. In the broader markets, the S&P BSE MidCap index fell 0.3 percent while the SmallCap index rose 0.2 percent. Nine hundred and fifty-three companies, including Grasim Industries, Bharat Forge, Glenmark Pharmaceuticals, Apollo Hospitals, and Mazagon Dock Shipbuilders, are set to announce their quarterly earnings today.

Closing Bell:Sensex gains 222 points, Nifty at 15173.30

Closing Bell:Sensex gains 222 points, Nifty at 15173.30
Thursday, February 11, 2021
At close, the Sensex was up 222.13 points or 0.43% at 51,531.52, and the Nifty was up 66.80 points or 0.44% at 15,173.30. Reliance Industries was the top Sensex gainer, jumping 4%. This was followed by Sun Pharma, Power Grid, and Bajaj Finance. Titan and Larsen & Toubro, HDFC Bank, ITC, and ONGC were the top indexes drags. About 1711 shares have advanced, 1229 shares declined, and 133 shares are unchanged. Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index down 0.4 per cent, and the Nifty Realty index down 0.24 per cent. On the upside, the Nifty FMCG index and the Nifty Metal index closed 0.85 per cent higher each. The BSE SmallCap index gained with 1.06 per cent while the BSE MidCap index settled 0.45 per cent higher.

Closing Bell:Sensex down 20 points, Nifty at 15106.50

Closing Bell:Sensex down 20 points, Nifty at 15106.50
Wednesday, February 10, 2021
At close, the Sensex was down 19.69 points or 0.04% at 51,309.39, and the Nifty was down 2.80 points or 0.02% at 15,106.50. Axis Bank, HDFC Bank, ONGC, PowerGrid, and L&T were the top losers. Bajaj Finserv, M&M, Bajaj Finance, Titan, TCS, and Reliance Industries were top gainers. About 1455 shares have advanced, 1454 shares declined, and 161 shares are unchanged. The nifty auto index rose 1 per cent The Nifty Realty index closed 1.6 per cent higher, followed by gains in the Nifty Pharma. While the Nifty Bank and the Nifty Private Bank indices ended 0.7 per cent down. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at the close.

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.

Closing Bell: Sensex down 19 points, Nifty at 15109.30

Closing Bell: Sensex down 19 points, Nifty at 15109.30
Tuesday, February 9, 2021
At close, the Sensex was down 19.69 points or 0.04% at 51,329.08, and the Nifty was down 6.50 points or 0.04% at 15,109.30. Asian Paints was the top Sensex gainer, followed by ONGC and Titan. Mahindra & Mahindra, Sun Pharma, and ITC were the top drags. About 1279 shares have advanced, 1634 shares declined, and 184 shares are unchanged. Except for energy and infra, all other sectoral indices trading in the red. The Nifty Auto, Metal, and Pharma indices settled over 1 per cent lower each, and Nifty Realty Index were down 0.70 per cent and the Nifty FMCG index down 0.60 per cent. The S&P BSE MidCap index down 0.18 per cent, while the S&P BSE SmallCap index closed 0.26 per cent down.

Risks that may halt the current bull-run in the markets

Risks that may halt the current bull-run in the markets
Tuesday, February 9, 2021
As the Budget gave the necessary booster shot to a dilapidated Indian economy Market's wealth has been soaring at the bourses. The budget with infrastructure programs, privatisation proposals, a nod to public sector banks’ recapitalisation, and no changes in the direct tax regime, proved to be one of the “best in decades” for the economy. At the bourses, frontline indices are hitting record highs every day. With today’s gains, the S&P BSE Sensex and the Nifty50 are up over 11 percent since January 29 and have more-than-doubled since their March 2020 lows. The BSE barometer of 30 constituents hit a new lifetime peak of 51,753 today while the broader 50-share Nifty hit 15,238. From a medium-term perspective, Morgan Stanley sees the Sensex hitting the 55,000-mark by the end of 2021. Read more

MARKET UPDATE: Sensex up 360 points at 51,700 levels and the Nifty hit the 15,200-mark

MARKET UPDATE: Sensex up 360 points at 51,700 levels and the Nifty hit the 15,200-mark
Tuesday, February 9, 2021
The benchmark indices in india extended their winning run and scaled fresh lifetime highs in today's(9th Feb.2021) morning deals, lifted mainly by tech stocks, after opening higher for the seventh straight day. Among the headline indices, the S&P BSE Sensex was up 360 points at 51,700 levels and the Nifty50 hit the 15,200-mark. HCL Tech, Infosys, Titan, ONGC, and UltraTech Cement were all up 1 per cent, each. On the other hand, State Bank of India, Axis Bank, and Bajaj Finserv fell 1 per cent, each. The majority of the Nifty sectoral indices were trading in the red, with Nifty PSU Bank index slipping 1.4 per cent. Two hundred and eighteen companies, including Tata Steel, Adani Ports, Berger Paints India, and Burger King India are set to announce their quarterly earnings today.

Closing Bell:Sensex gains 617.14 points, Nifty at 15115.80

Closing Bell:Sensex gains 617.14 points, Nifty at 15115.80
Monday, February 8, 2021
At close, the Sensex was up 617.14 points or 1.22% at 51,348.77, and the Nifty was up 191.50 points or 1.28% at 15,115.80. Mahindra & Mahindra was the top Sensex gainer, followed by Bajaj Finserv, Infosys, and Bharti Airtel. Hindustan Unilever, Kotak Mahindra Bank, and Bajaj Finance were top losers. About 1689 shares have advanced, 1284 shares declined, and 188 shares are unchanged. Only Nifty FMCG and Nifty PSU Bank index closed down in the red, While other sectoral indices ended in the green with Nifty Auto and Metal indices jumped 3 per cent each. The S&P BSE SmallCap index ended 1.53 per cent higher, while the MidCap index was up 1.5 per cent at close.

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

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

Closing Bell:Sensex gains 117.34 points, Nifty at 14924.25

Closing Bell:Sensex gains 117.34 points, Nifty at 14924.25
Friday, February 5, 2021
At close, the Sensex was up 117.34 points or 0.23% at 50,731.63, and the Nifty was up 28.60 points or 0.19% at 14,924.30. The top Sensex gainers were State Bank of India (SBI), IndusInd Bank, ONGC, Kotak Mahindra Bank, Titan Company, Housing Development Finance Company (HDFC), Maruti Suzuki, among others. On the flip side, Power Grid Corporation of India, TCS, M&M, Bharti Airtel were among the top Sensex laggards. About 1281 shares have advanced, 1637 shares declined, and 146 shares are unchanged. The Nifty Auto and the IT indices ended 1 per cent lower each. While the Nifty PSU Bank index advanced 4 per cent on the NSE and pharma index up 1 per cent. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively.

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

Closing Bell:Sensex gains 358 points, Nifty at 14895.65

Closing Bell:Sensex gains 358 points, Nifty at 14895.65
Thursday, February 4, 2021
At close, the Sensex was up 358.54 points or 0.71% at 50614.29, and the Nifty was up 105.70 points or 0.71% at 14895.70 driven by Union Budget optimism. State Bank of India (SBI), ITC, Bajaj Finance, ONGC, Mahindra & Mahindra (M&M), Kotak Mahindra Bank and Ultratech Cement, were among other Sensex gainers. On the flip side, Asian Paints, IndusInd Bank, Bharti Airtel, Tech Mahindra, Titan Company were the Sensex losers. Except for Nifty IT index, all the sectoral indices ended in the green. About 1813 shares have advanced, 1110 shares declined, and 142 shares are unchanged. Except IT all other sectoral indices ended in the green. BSE Midcap and Smallcap indices rose over 1 per cent each.

Budget 2021 has heated up the bond market

Budget 2021 has heated up the bond market
Thursday, February 4, 2021
The bond market got a negative surprise on Budget day (1st Feb 2021) when the government projected its gross borrowing numbers for the next financial year at Rs 12.05 trillion, much higher than the expected Rs 10.5 trillion. To make the matter worse, the government said it would borrow an additional Rs 80,000 crore in the current financial year, too. “The Rs 80,000 crore extra borrowing for this year is especially a bolt from the blue for the bond market,” said an expert. “This is because the government has been consistently running very high cash balances lately, revenues have picked up dramatically, and even though spending has gone up, it hasn’t been tracking anywhere close to what is required to yield the revised Budget numbers.” Read more

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

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

Closing Bell:Sensex gains 458.03 points, Nifty at 14789.95

Closing Bell:Sensex gains 458.03 points, Nifty at 14789.95
Wednesday, February 3, 2021
At close, the Sensex was up 458.03 points or 0.92% at 50,255.75, and the Nifty was up 142.10 points or 0.97% at 14,790 driven by Union Budget 2021 and highest ever FII buying. IndusInd Bank was the top Sensex performer, followed by Power Grid Corporation of India, Dr Reddy’s Laboratories, Sun Pharma, NTPC, Axis Bank, Titan Company, Tech Mahindra and Bharti Airtel. On the flip side, Maruti Suzuki was the top Sensex laggards, along with Ultratech Cements, ITC, Kotak Mahindra Bank, Asian Paints, Nestle India and TCS. About 1752 shares have advanced, 1189 shares declined, and 149 shares are unchanged. Pharma and PSU Bank indices rose 2 per cent each and auto, metal and energy indices added over 1 per cent each. Except for Nifty Realty index, all the sectoral indices ended in the green.The S&P BSE MidCap and SmallCap indices settled 1.4 per cent and 1.5 per cent higher, respectively.

Closing Bell:Sensex gains1197, Nifty at 14647.85

Closing Bell:Sensex gains1197, Nifty at 14647.85
Tuesday, February 2, 2021
At close, the Sensex was up 1,197.11 points or 2.46% at 49,797.72, and the Nifty up 366.70 points or 2.57% at 14,647.90.HDFC Bank, Housing Development Finance Corporation (HDFC), Reliance Industries Ltd (RIL), ICICI Bank and State Bank of India were major gainers. On the flip side, Bajaj Finserv, Titan Company, Hindustan Unilever Ltd (HUL) were the only index losers. About 1727 shares have advanced, 1165 shares declined, and 170 shares are unchanged. Nifty Auto gained 4 per cent. Nifty Bank and Infra gained 3 per cent. The S&P BSE MidCap and SmallCap indices ended 2.26 per cent and 1.56 per cent higher, respectively.

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

Closing Bell:Sensex gains 2315 points, Nifty at 14281.20

Closing Bell:Sensex gains 2315 points, Nifty at 14281.20
Monday, February 1, 2021
At close, the Sensex was up 2,314.84 points or 5% at 48600.61, and the Nifty was up 646.60 points or 4.74% at 14281.20 on Monday in post Budget rally as investors cheered the Budget 2021 presented by Finance Minister Nirmala Sitharaman in the Parliament today. Top Sensex gainers were IndusInd Bank, ICICI Bank, Bajaj Finserv, State Bank of India (SBI), Larsen & Toubro, Housing Development Finance Corporation (HDFC), among others. On the flip side, Dr Reddy’s, Tech Mahindra and Hindustan Unilever Ltd (HUL) were the only Sensex laggards today. About 1902 shares have advanced, 979 shares declined, and 198 shares are unchanged. Barring Nifty Pharma, all the Nifty sectoral indices ended in the green led by Nifty Bank index, up 8.26 per cent.BSE Midcap and Smallcap rose 2-3 per cent.

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.

Closing Bell: Sensex down 588 points, Nifty at 13634.60

Closing Bell: Sensex down 588 points, Nifty at 13634.60
Friday, January 29, 2021
At close, Sensex closed 589 points, or 1.26 per cent, down at 46,285.77 while Nifty shut shop at 13,634.60, down 183 points or 1.32 per cent. IndusInd Bank was the top gainer, followed by Sun Pharma, ICICI Bank, and HDFC Bank. Dr Reddy’s Labs, Bajaj Auto, Infosys, and Maruti Suzuki India were the top drags. Nifty Auto and IT fell almost 3 per cent each. Metal and Pharma indices fell up to 2 per cent. Nifty PSU Bank index rose nearly 2 per cent. Nifty realty gained 0.7 per cent. India VIX, jumped over 4%.The S&P BSE MidCap and S&P BSE SmallCap index down 0.69 per cent and 0.25 per cent, respectively at the close.

Sensex loses over 3,000 points in 5 days as bears hammer market

Sensex loses over 3,000 points in 5 days as bears hammer market
Thursday, January 28, 2021
Bears continued to strengthen their grip on the market as they sold whatever they could get their hands on, sending benchmark indices lower for another day ahead of the Union Budget. At the intraday low of 46,518.48, the 30-scrip S&P BSE Sensex index lost around 3000 points in five days. Foreign investors have decidedly turned negative on India withdrawing money from equities for the third day in a row. Traders are also unwinding their long positions in tandem, putting further pressure on the market. Markets, globally, have turned weak following the steady decline in the US market. The heightened speculative activity in certain segments in US markets has become an area of concern. Back home, in India, the third day of consecutive selling by FIIs have turned the market mood bearish. According to experts, the budget uncertainty will keep the bulls in restraint.

Closing Bell: Sensex down 535 points, Nifty at 13817.55

Closing Bell: Sensex down 535 points, Nifty at 13817.55
Thursday, January 28, 2021
At close, the Sensex was down 535.57 points or 1.13% at 46,874.36, and the Nifty was down 150 points or 1.07% at 13,817.50 amid expiry of the January series of the Futures and Options (F&O) contracts, and profit-booking on stretched valuations and ahead of the Union Budget announcement next week. Axis Bank was the top gainer followed by State Bank of India, and ICICI Bank. Hindustan Unilever, Maruti Suzuki India, and HDFC Bank were top losers. About 1543 shares have advanced, 1285 shares declined, and 161 shares are unchanged. Nifty Realty index down over 2 per cent. Nifty Bank and Private Bank index, up around 0.3 per cent each. The BSE MidCap index ended 0.4 per cent lower while the smallcap counterpart closed down 0.45 per cent.

Key factors behind today's market crash

Key factors behind today's market crash
Wednesday, January 27, 2021
Benchmark indices extended their losses to the fourth day today mainly led by losses in index heavyweight Reliance Industries, private lenders, and select IT stocks, Weak global markets, a mixed set of Q3 earnings, and selling by foreign institutional investors (FIIs) dented the domestic market mood in today's session. Meanwhile, investors chose to book profits ahead of the Union Budget on Monday, February 1. The BSE barometer Sensex plunged 938 points to 47,410 while its NSE counterpart Nifty slipped below the 14,000 marks to end at 13,968, down 271 points. Global stocks are mostly treading water near record highs as US corporate earnings roll in. Meanwhile, new coronavirus variants that sparked fresh lockdowns and other restrictions are weighing on the market mood. Read more

Closing Bell:Sensex down 938 points, Nifty at 13967.50

Closing Bell:Sensex down 938 points, Nifty at 13967.50
Wednesday, January 27, 2021
At close, the Sensex was down 937.66 points or 1.94% at 47,409.93, and the Nifty was down 271.40 points or 1.91% at 13,967.50 for the fourth consecutive session on the back of broad-based selling. IndusInd Bank, Titan, and Axis Bank were the top drags followed by Reliance Industries, HDFC Bank, HDFC, and ICICI Bank. Tech Mahindra, ITC, SBI Life Insurance, Wipro, and Power Grid Corp were the top gainers. Nifty Bank index, down 2.93 per cent, being the top loser. Except for FMCG, all other sectoral indices ended in the red. BSE Midcap and Smallcap indices shed 0.5-1.3 per cent.Volatility index of India VIX soared to cross 24 levels

Closing Bell:Sensex down 746 points, Nifty at 14371.90

Closing Bell:Sensex down 746 points, Nifty at 14371.90
Friday, January 22, 2021
At close, Sensex was down 746 points, or 1.50 per cent, at 48878.54 and Nifty was at 14371.90, down 218 points or 1.50 per cent as investors took some profit off the table on Friday. Axis Bank was the top loser followed by SBI, ICICI Bank, IndusInd Bank. On the flipside, Bajaj Auto, HUL, TCS, Ultratech Cement, and Bajaj Finserv were the only gainers on the Sensex. The S&P BSE MidCap index ended 1.1 per cent lower at 18,777.46 levels while the S&P BSE SmallCap index closed at 18,442 levels, down 0.93 per cent. India VIX, the volatility index, rose 1.09 per cent to settle at 22.42 levels. The nifty metal was down 4 per cent. Nifty Bank index tanked over 1,000 points, or 3.25 per cent, to close at 31,176 levels.

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

MARKET UPDATE:volatile session; Sensex fell 120 points to 49500 and Nifty fell below 14,550
Friday, January 22, 2021
The Indian benchmark indices inched lower in the morning deals of today's(22nd January 2021) volatile session, dragged by Reliance Industries and private banks. The S&P BSE Sensex fell 120 points to 49,500 and the broader Nifty50 index fell below 14,550. Bajaj Auto gained 6 percent and was the top Sensex gainer, followed by Mahindra & Mahindra and Asian Paints (both up 1%). On the other hand, Axis Bank and HDFC fell1 percent, each. Reliance Industries also slipped 1 percent ahead of its quarterly results later in the day. Among other individual stocks, Biocon tumbled 9 percent while SBI Card rose as much as 4 percent after announcing their respective December quarter results. The Nifty sectoral indices were mixed, with the Nifty Auto index, up 3 percent leading the gainers. Read more

Closing Bell:Sensex down 167 points, Nifty at 14590.35

Closing Bell:Sensex down 167 points, Nifty at 14590.35
Thursday, January 21, 2021
At close, Sensex was down 167 points, or 0.34 per cent, at 49,624.76 and Nifty was at 14,590.35, down 54 points or 0.37 per cent and hit an all-time high of 50,184.0. Bajaj Finance, Bajaj Finserv, HCL Tech, IndusInd Bank, Bajaj-Auto, Ultratech Cement, Reliance Industries Ltd (RIL), Tech Mahindra and Titan Company were among top Sensex gainers. On the flip side, Tata Consultancy Services (TCS), Housing Development Finance Corporation (HDFC) and HDFC Bank were the index losers. Nifty PSU Bank, Nifty Realty and Nifty Metal indices down between 2 per cent and 3.5 per cent and BSE Telecom down 2.64 per cent.BSE Midcap and Smallcap indices fell 0.88 per cent and 0.68 per cent, respectively.

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.

Closing Bell:Sensex gains 394 points, Nifty at 14644.70

Closing Bell:Sensex gains 394 points, Nifty at 14644.70
Wednesday, January 20, 2021
At close, the Sensex was up 393.83 points or 0.80% at 49,792.12 and the Nifty was up 123.50 points or 0.85% at 14,644.70 ended at fresh all-time high levels on Wednesday, primarily due to buying in Reliance Industries Ltd and IT stocks. Tech Mahindra was the top Sensex gainer today, followed by Maruti Suzuki, RIL, Asian Paints, M&M, Infosys, HCL Tech and State bank of India. On the flip side, Power Grid Corporation of India, NTPC, HDFC Bank, ITC, Nestle India, Sun Pharma were among top Sensex losers. About 1553 shares have advanced, 1407 shares declined, and 157 shares are unchanged. Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent. On the upside, Nifty IT, Auto, and PSU Bank indices closed with gains of over 2 per cent each. The S&P BSE MidCap index settled 1 per cent higher, while the S&P BSE SmallCap index gained 0.58 per cent.

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.

Closing Bell:Sensex gains 834 points, Nifty at 14521.15

Closing Bell:Sensex gains 834 points, Nifty at 14521.15
Tuesday, January 19, 2021
At close, the Sensex was up 834.02 points or 1.72% at 49,398.29, and the Nifty was up 239.90 points or 1.68% at 14,521.20. Bajaj Finance, HDFC, ICICI Bank and IndusInd Bank were top gainers in the Sensex pack followed by State Bank of India and Maruti Suzuki. Tech Mahindra, ITC, Wipro, M&M and Britannia Industries were top losers. About 2077 shares have advanced, 861 shares declined, and 139 shares are unchanged. Nifty Media and Nifty Realty indices were top sectoral indices, up over 2 per cent. The BSE MidCap index gained 2.3 per cent. The SmallCap index, on the other hand, up 1.6 per cent.

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

MARKET UPDATE:Sensex down 400 points to 49,620 levels and the Nifty hovered around 14,350-mark
Monday, January 18, 2021
The Indian equity markets in India slipped over half a percent in today's(18th January 2021) early deals, tracking similar cues from their Asian peers. The S&P BSE Sensex fell 400 points to 48,620 levels and the Nifty50 index hovered around 14,350-mark. ONGC (down 4%) was the top Sensex loser, followed by Bajaj Finance, Bajaj Finserv, and IndusInd Bank (all down 3%). On the other hand, HDFC Bank gained over 2 percent after recording an 18 percent rise in net profit at Rs 8,758.3 crore in the December quarter of the current fiscal year (Q3FY21), driven by robust growth in net interest income and other income. Among other individual stocks, shares of diagnostic chain Metropolis Healthcare rose 4 percent after the company said it will acquire Dr. Ganesan's Hitech Diagnostic Centre to strengthen its leadership position in southern India. Read more

India Inc goes into hiring mode as demand picks up

India Inc goes into hiring mode as demand picks up
Friday, January 15, 2021
The mood of optimism all around has given rise to positive sentiment in the hiring market, with top companies such as the Tatas, Birlas, Reliance, and ITC planning to add more staff in the coming months. Most of the hirings are, however, in the entry or junior level, say HR managers. While TCS, created a record of sorts by hiring 15,721 people in the December quarter, other group companies are not far behind. Tata Projects, which recently bagged the prestigious Central Vista project, also plans to hire more people soon. Infosys, too, has announced it will hire 24,000 freshers from cam­p­­uses this year. The Aditya Birla group is looking at fresh talent for its various verticals. Hiring by Reliance Retail and Reliance Jio has picked up as well, with both getting ready to onboard people from the Future Group and other acquisitions, according to sources. Auto is another sector where hiring is set to rise.

Closing Bell:Sensex down 549 points, Nifty at 14433.70

Closing Bell:Sensex down 549 points, Nifty at 14433.70
Friday, January 15, 2021
At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and the Nifty down 161.90 points or 1.11% at 14,433.70 concerns over coronavirus lockdown in China and European countries. Bharti Airtel was the top gainer followed by ITC, Bajaj Auto, and Bajaj Finance. Tech Mahindra was the top loser followed by ONGC, HCL Tech, Asian Paints, Ultratech Cement, HUL, and NTPCAbout 1070 shares have advanced, 1897 shares declined, and 139 shares are unchanged. All the sectoral indices on the NSE closed with a red tick. Nifty IT and Nifty PSU Bank index ended with 2 per cent cuts while Nifty Financial Services, FMCG, Metals, and Private bank were down 1 per cent. Nifty Bank index skid 273 points, or 0.8 per cent, and ended at 32,247. The S&P BSE MidCap and SmallCap indices settled with a cut of 1.25 per cent and 1.06 per cent, respectively. India VIX, surged to close above 24 levels.

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

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

Closing Bell:Sensex gains 91.84 per cent, Nifty at 14595.60

Closing Bell:Sensex gains 91.84 per cent, Nifty at 14595.60
Thursday, January 14, 2021
At close, the Sensex was up 91.84 points or 0.19% at 49,584.16, and the Nifty was up 30.70 points or 0.21% at 14,595.60 as Tata Consultancy Services (TCS) and Reliance Industries helped the benchmark indices erase early losses.IndusInd Bank, TCS, and L&T were the top gainers on Sensex at closing. Axis Bank and HCL Technologies were the top drags. About 1467 shares have advanced, 1489 shares declined, and 166 shares are unchanged. The metal index lost 1 per cent, Nifty Pharma and Nifty FMCG indexes, up 0.8 per cent and 0.7 per cent, respectively.The S&P BSE MidCap and SmallCap indices ended 0.29 per cent and 0.17 per cent higher, respectively.

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

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

Closing Bell:Sensex down 25 points, Nifty at 14564.85

Closing Bell:Sensex down 25 points, Nifty at 14564.85
Wednesday, January 13, 2021
At close, the Sensex was down 24.79 points or 0.05% at 49492.32, and the Nifty was up 1.40 points or 0.01% at 14564.90 as Investors turned to profit-booking, after benchmarks scaled fresh lifetime highs in the morning deals. Mahindra & Mahindra, while State Bank of India, Bharti Airtel, and ITC were top gainers. Bajaj Finance, HDFC Shree Cements, Bajaj Finserv were the top losers. About 1200 shares have advanced, 1807 shares declined, and 143 shares are unchanged. Nifty Pharma ended 1 per cent lower. On the upside, Nifty PSU index surged 3.3 per cent.BSE Midcap and Smallcap ended lower by 0.6 per cent and 0.4 per cent respectively.

MARKET UPDATE:SSensex up by 210 points at 49,730 levels and Nifty holding above the 14,600-mark

MARKET UPDATE:SSensex up by 210 points at 49,730 levels and Nifty holding above the 14,600-mark
Wednesday, January 13, 2021
The markets in India continued their record-breaking spree and logged fresh lifetime highs today(13th January 2021), with the S&P BSE Sensex eyeing the landmark 50,000 level. The Sensex was trading 210 points, or 0.4 percent, at 49,730 levels and the Nifty50 index was holding above the 14,600-mark. Bharti Airtel surged 5 percent after the company said it is initiating the process to revise its foreign investment limit to 100 percent with immediate effect. Besides, ONGC and State Bank of India were also up 2 percent, each. All the Nifty sectoral indices were ruling higher, led by the Nifty Metal index, up 1.5 percent. Besides, the Nifty Bank index hit a fresh record high at 32,559 in intra-day deals. Infosys, Wipro, Amtek Auto, GTPL Hathaway, and six other firms are slated to release their Q3 numbers today. Read more

Closing Bell:Sensex gains 247.79, Nifty at 14563.45

Closing Bell:Sensex gains 247.79, Nifty at 14563.45
Tuesday, January 12, 2021
At close, the Sensex was up 247.79 points or 0.50% at 49,517.11, and the Nifty was up 78.70 points or 0.54% at 14,563.50. Bharti Airtel, State Bank of India, and Reliance Industries were the top gainers while Asian Paints, Titan, and Nestle were top losers. About 1647 shares have advanced, 1387 shares declined, and 158 shares are unchanged. Nifty PSU Bank index leapt 6 per cent on the NSE. Nifty Realty index, up 3 per cent, and Nifty Auto index, Nifty Bank, infra and energy up 1.3 per cent, The S&P BSE MidCap index up 0.4 per cent and the SmallCap index gained 0.25 per cent. Among Nifty sectoral indices, only Nifty Pharma and Nifty FMCG closed in the red.

MARKET UPDATE:SSensex gained 400 points at 49,190 levels and Nifty topped 14,420 level

MARKET UPDATE:SSensex gained 400 points at 49,190 levels and Nifty topped 14,420 level
Monday, January 11, 2021
The Indian markets scaled fresh record highs on Monday, with the S&P BSE Sensex scaling Mount 49,000 for the first time ever, on the back of favorable global cues and strong Q3 earnings. The S&P BSE Sensex gained 400 points, or 0.8 percent, at 49,190 levels and the Nifty50 index topped the 14,420 level. Technology stocks were the lead Sensex gainers, with Infosys, HCL Tech, and TCS rising 3%, 2%, and 1%, respectively. Tata Consultancy Services' profit jumped 7 percent YoY in the December quarter to Rs 8,701 crore, according to the results announced post market hours on Friday. Besides, shares of Avenue Supermarts gained 2 percent after the firm posted a 16 percent jump in Q3 profit. All the Nifty sectoral indices, except the Nifty Metal index, were trading higher, led by the Nifty IT index, up 2 percent.

Few stocks that may give better returns in 2021

Few stocks that may give better returns in 2021
Friday, January 8, 2021
The market which is already trading at record highs has more legs than earlier, believe many analysts. They believe the market will run up ahead of, and in anticipation of, and ensuing economic recovery. The following few stocks may get the best of the rally in the market in the next year, according to many analysts: 1. Sobha | Target: Rs 640 | Upside: 45%: Sobha is a better-placed company in the realty space backed by its strong brand, better product realizations, back‐ward integration of processes including in‐house design, architecture, mechanical, electrical, plumbing and engineering, superior execution capabilities and diversifications from Bangalore market to a pan India player. Also, the company is likely to be a prime beneficiary of consolidation in the industry. Read more

MARKET UPDATE:Sensex up 300 points at 48,410 levels and Nifty hit an intra-day high of 14,259

MARKET UPDATE:Sensex up 300 points at 48,410 levels and Nifty hit an intra-day high of 14,259
Friday, January 8, 2021
The markets in India made a strong start to today's(8th January 2021) session, with the Nifty50 index and the MidCap index hitting their fresh record high levels, on the back of firm global cues. The S&P BSE Sensex was up 300 points at 48,410 levels, while the Nifty50 index hit an intra-day high of 14,259, also its fresh record high. Tech Mahindra, Sun Pharma, and Infosys (all up 2%) were the top Sensex gainers. All the Nifty sectoral indices were trading with gains, led by the Nifty IT index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.5 percent 0.9 percent higher, respectively. Information technology (IT) major TCS is among the five companies scheduled to announce their December quarter earnings today. Read more

MARKET UPDATE:Sensex trading 250 points higher at 48,420 levels and Nifty holding above 14,220-mark

MARKET UPDATE:Sensex trading 250 points higher at 48,420 levels and Nifty holding above 14,220-mark
Thursday, January 7, 2021
The equity markets in India returned to their winning ways after a day's hiatus, with the headline indices trading half a percent higher and the MidCap index hitting their fresh lifetime highs, on the back of broad-based buying, in today's(7th January 2021) early deals. The S&P BSE Sensex was trading 250 points, or half a percent, up at 48,420 levels. The broader Nifty50 index was also holding above the 14,220-mark, after hitting a fresh all-time high of 14,256 in early deals. IndusInd Bank and Axis Bank (both up 2%) were the lead Sensex gainers, followed by State Bank of India, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra (all up 1% each). All the Nifty sectoral indices were trading in the green. Realty stocks were ruling higher after the Maharashtra government approved the proposal to cut the premium on real estate projects by half till December 31, 2021. As a result, the Nifty Realty index surged 3 percent and was the top Nifty sectoral gainer. Read more

Closing Bell:Sensex down 264 points, Nifty at 14146.25

Closing Bell:Sensex down 264 points, Nifty at 14146.25
Wednesday, January 6, 2021
At close, the Sensex was down 263.72 points or 0.54% at 48,174.06, and the Nifty was down 53.20 points or 0.37% at 14,146.30. Reliance Industries Ltd (RIL), ITC, Infosys, Tata Consultancy Services (TCS) and Hindustan Unilever Ltd (HUL) contributed the most to the indices’ loss today. while gainers included Power Grid Corp, Shree Cements, GAIL, Hindalco and Grasim Industries. About 1494 shares have advanced, 1543 shares declined, and 128 shares are unchanged. Nifty IT and Nifty FMCG indices were the top sectoral losers on the NSE, down over 1 per cent each. On the contrary, Nifty Metal index managed to close 1 per cent higher. The BSE MidCap index ended 0.4 per cent up and the BSE SmallCap index down 0.14 per cent.

Chris Wood has increased weightage of Indian equities in his Asia Pacific ex-Japan relative-return portfolio

Chris Wood has increased weightage of Indian equities in his Asia Pacific ex-Japan relative-return portfolio
Wednesday, January 6, 2021
Christopher Wood, Global Head of Equity Strategy at Jefferies, has nudged to increase exposure to Indian equities in his ‘GREED and Fear’ portfolio yet again due to a downward-sloping Covid-19 graph and an upward-sloping Nifty50 chart in India. Wood has increased the weightage of Indian equities by 150 basis points to 14 percent in his Asia Pacific ex-Japan relative-return portfolio, by trimming exposure to Chinese and Pakistani equity markets Last month, Wood had raised concerns over the sharply expanding valuations of the Indian equity market, but he sounded confident that valuations will become relatively cheaper as corporate earnings growth catch up in 2021.

MARKET UPDATE:Sensex 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.

Closing Bell:Sensex gains 261 points, Nifty at 14199.50

Closing Bell:Sensex gains 261 points, Nifty at 14199.50
Tuesday, January 5, 2021
At close, the Sensex was up 260.98 points or 0.54% at 48,437.78, and the Nifty up 66.60 points or 0.47% at 14,199.50 erased all the intraday losses and ended near the day's high helped by the IT and Financials.Axis Bank was the top gainer followed by HDFC, IndusInd Bank, and TCS. Bajaj Finance, Reliance Industries and Bajaj Finserv were losers in the Sensex pack. About 1740 shares have advanced, 1268 shares declined, and 159 shares are unchanged. Nifty Bank and IT indices rose 1.5-2.5 per cent. Among Nifty sectoral indices, only Nifty Auto, Nifty Metal and Nifty Realty ended with losses. The BSE MidCap index ended 1.4 per cent higher. The SmallCap counterpart ended 0.7 per cent.

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.

Closing Bell:Sensex gains 307 points, Nifty at 14132.90

Closing Bell:Sensex gains 307 points, Nifty at 14132.90
Monday, January 4, 2021
At close, the Sensex was up 307.82 points or 0.64% at 48,176.80, and the Nifty was up 114.40 points or 0.82% at 14,132.90. ONGC, TCS, and HCL Technologies were the top Sensex gainers. Bajaj Finance, Asian Paints, HDFC Bank, and Hero MotoCorp were the top losers. About 2061 shares have advanced, 973 shares declined, and 158 shares are unchanged. The nifty Metal index jumped 5 per cent. Nifty Bank, Nifty Private Bank, and Nifty Financial Services indices ended the day in the red. Nifty smallcap 50 was up 1.46% while Nifty midcap 50 was up 2.02%. Volatility inched 2.3% higher.

MARKET UPDATE:Sensex shot up 230 points to above the 48,000 levels for the first time ever and Nifty hovered around 14,100 zone

MARKET UPDATE:Sensex shot up 230 points to above the 48,000 levels for the first time ever and Nifty hovered around 14,100 zone
Monday, January 4, 2021
The markets in India made a firm start today(4th January 2021), recording their fresh new high, after the Indian drug regulator DGCI gave its approval to Covid vaccines produced by AstraZeneca and Bharat Biotech for emergency use in the country. Among the headline indices, the S&P BSE Sensex shot up 230 points and was trading above the level of 48,000 for the first time ever. The broader Nifty50 index also hovered around the 14,100 zones. ONGC, TCS, State Bank of India, Infosys, and IndusInd Bank (up 1% each) were the top Sensex gainers. On the other hand, Reliance Industries was trading with marginal cuts after Sebi imposed penalties on the conglomerate for alleged manipulative trading in the shares of erstwhile Reliance Petroleum, back in November 2007. Read more

MARKET UPDATE:Sensex hovered around 47,740 levels and Nifty testing the 14,000-mark

MARKET UPDATE:Sensex hovered around 47,740 levels and Nifty testing the 14,000-mark
Thursday, December 31, 2020
The markets in India were trading flat with a positive bias in the final trading session of the year 2020 today(31st December 2020) ahead of the expiry of December series derivative contracts later in the day. Among headline indices, the S&P BSE Sensex hovered around 47,740 levels and the Nifty50 index was testing the 14,000-mark. ONGC (up 1%) was the top Sensex gainer, followed by Titan, Bajaj Finance, and ICICI Bank (up to half a percent, each). The Nifty sectoral indices were mixed, with the Nifty Realty index, up 1 percent, leading the list of gainers. Anarock yesterday said that housing sales in the October-December rose to 50,900 units across seven big cities from 29,520 units in the previous quarter. In the broader markets, the S&P BSE MidCap and SmallCap indices were up 0.4 percent each, outperforming their headline peers.

Closing Bell:Sensex gains 133 points, Nifty at 13981.95

Closing Bell:Sensex gains 133 points, Nifty at 13981.95
Wednesday, December 30, 2020
At close, the Sensex was up 133.14 points or 0.28% at 47,746.22, and the Nifty was up 49.40 points or 0.35% at 13,982.00 for the sixth consecutive session on Wednesday. UltraTech Cement, Bajaj Finance, Maruti Suzuki, Asian Paints and Tech Mahindra were top gainers in the Sensex pack. On the flip side, IndusInd Bank was top Sensex loser, followed by Sun Pharma, Axis Bank, TCS, Bharti Airtel, State Bank of India (SBI), Infosys and ICICI Bank. About 1642 shares have advanced, 1257 shares declined, and 177 shares are unchanged. The nifty Auto index gained 1.34 per cent while the Nifty Metal index jumped 1.29 per cent. Nifty PSU Bank index was the top sectoral loser, down 0.23 per cent. Except for bank and pharma, other sectoral indices ended in the green. The S&P BSE MidCap and SmallCap indexes ended 0.5 and 0.37 per cent higher, respectively.

Closing Bell:Sensex gains 259 points, Nifty at 13932.60

Closing Bell:Sensex gains 259 points, Nifty at 13932.60
Tuesday, December 29, 2020
At close, the Sensex was up 259.33 points or 0.55% at 47,613.08, and the Nifty was up 59.40 points or 0.43% at 13,932.60. HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), Infosys and Axis Bank were the top Sensex gainers. On the flip side Nestle India, Asian Paints, Larsen & Toubro and Power Grid Corporation of India are the only losers in the Sensex pack. About 1519 shares have advanced, 1438 shares declined, and 162 shares are unchanged. Except IT and Bank, other sectoral indices ended in the red. The BSE SmallCap index ending 0.16 per cent higher while the MidCap index slipped 0.07 per cent.

Closing Bell:Sensex gains 380.21 points, Nifty at 123.90 points

Closing Bell:Sensex gains 380.21 points, Nifty at 123.90 points
Monday, December 28, 2020
At close, the Sensex was up 380.21 points or 0.81% at 47,353.75, and the Nifty was up 123.90 points or 0.90% at 13,873.20. State Bank of India and Titan were the top Sensex gainers followed by Larsen & Toubro and IndusInd Bank. On the other hand, Britannia, Shree cement, Cipla, Sun Pharma and Hindustan Unilever were top losers on the Sensex pack. About 1990 shares have advanced, 965 shares declined, and 177 shares are unchanged. All the Nifty sectoral indices, except Nifty Pharma, ended higher, led by Nifty Realty and Nifty Metal indexes, both up 2.6 per cent. The S&P BSE MidCap and SmallCap indexes gained 0.8 per cent and 1.5 per cent, respectively.

Closing Bell:Sensex jumps 529 points, Nifty at 13749.25

Closing Bell:Sensex jumps 529 points, Nifty at 13749.25
Thursday, December 24, 2020
At Close, Sensex closed 529 points, or 1.14 per cent, higher at 46,973.54 while Nifty settled at 13,749.25, with a gain of 148 points or 1.09 per cent, as investors went on Christmas holiday in a festive mood. Sun Pharma was the top gainer, followed by Axis Bank, Reliance Industries Ltd (RIL), ONGC, Housing Development Finance Corporation (HDFC), ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and HUL.On the flip side, Infosys was the top Sensex losers followed by IndusInd Bank, HCL Technologies, Nestle India, Tech Mahindra and Maruti Suzuki. Nifty Bank and Nifty Financial indices ended nearly 2 per cent up each, while Nifty Pharma index gained one per cent at close.BSE Midcap and Smallcap indices closed 0.06 per cent and 0.59 per cent up, respectively.

Closing Bell:Sensex gains 437, Nifty at 13601.10

Closing Bell:Sensex gains 437, Nifty at 13601.10
Wednesday, December 23, 2020
At Close, Sensex closed 437 points or 0.95 per cent, higher at 46,444.18 and Nifty settled 135 points, or 1 per cent, higher at 13,601.10 as investors picked up information technology, realty, and financial stocks. Hindustan Unilever, Infosys, and Mahindra & Mahindra were the top Sensex gainers. Titan, Power Grid and NTPC were top losers in the Sensex pack. Nifty Realty index up 4 per cent and Nifty PSU Bank index up 2 per cent. BSE Midcap and Smallcap indices rose 2.40 per cent and 2.65 per cent higher, respectively. India VIX, the volatility index, cooled off over 6 per cent to end at 20.5 levels

MARKET UPDATE:Sensex hovered around 46,000 levels and Nifty index was testing the 13,500 mark

MARKET UPDATE:Sensex hovered around 46,000 levels and Nifty index was testing the 13,500 mark
Wednesday, December 23, 2020
The equity markets in India fluctuated between gains and losses in today's(23rd December 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex hovered around 46,000 levels and the Nifty50 index was testing the 13,500 marks. Tech stocks, Infosys, Tech Mahindra, HCL Tech, and TCS (all up 1%) were the top Sensex gainers. On the other hand, ONGC, down 2 percent, fell the most, while index heavyweights Reliance Industries and HDFC Bank were also down half a percent, each. Among other individual stocks, Wipro gained nearly 3.5 percent after announcing the commencement date for its Rs 9,500-crore share buyback programme. The Nifty sectoral indices were trading mixed, with the Nifty IT index, up 1.5 percent, leading the list of gainers.

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

Closing Bell:Sensex down 1,406 points, Nifty at 13328.40

Closing Bell:Sensex down 1,406 points, Nifty at 13328.40
Monday, December 21, 2020
At close, the Sensex was down 1,406.73 points or 3.00% at 45553.96, and the Nifty was down 432.10 points or 3.14% at 13328.40 as profit booking gripped the markets. The gainers included L&T, RIL, and HDFC Bank. All stocks on the Nifty50 ended lower led by the ONGC, Tata Motors, GAIL, IndusInd Bank, M&M, Hindalco and IOC. Nifty PSU Bank index cracked 7%, Nifty Realty index skid 6%, and Nifty Metal, Infra, Bank, Auto and Energy index dropped 4-5% on the NSE. India VIX, the volatility gauge, jumped over 23% in the intra-day deals to hit a high of 23.4 levels. This was the index's biggest jump since July 18.

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

Indian IT shares gain on Accenture's strong performance

Indian IT shares gain on Accenture's strong performance
Friday, December 18, 2020
Shares of information technology majors, including Infosys, TCS, HCL Tech, Wipro and Tech Mahindra, traded with gains on BSE on December 18 morning hitting their respective record highs after Ireland-based Accenture reported better-than-expected results for the quarter ending November 30. The Nifty IT index hit a record high of 23,408, up 2 per cent on the NSE in intraday trade. Accenture reported strong earnings and revenue growth, revised upwards revenue growth forecast for the full fiscal year of 2021 to 4 – 6 per cent from an earlier estimate of 2 – 5 per cent. Accenture's revenue for the quarter, at $11.8 billion and up 4 per cent on a year-on-year (YoY) basis was well above its guidance and street’s estimate. Infosys gained 3 per cent at Rs 1,193 and TCS rose 2 per cent to Rs 2,894., Larsen & Toubro Infotech, HCL Technologies, Wipro and Tech Mahindra from the Nifty IT index were up in the range of 1 per cent to 3 per cent. Read more

Closing Bell:Sensex gains 70 points, Nifty at 13760.55

Closing Bell:Sensex gains 70 points, Nifty at 13760.55
Friday, December 18, 2020
At close, the Sensex was up 70.35 points or 0.15% at 46,960.69, and the Nifty was up 19.80 points or 0.14% at 13,760.50. Top BSE Sensex gainers were HCL Tech, Infosys, Nestle India, L&T, Tech Mahindra, Asian Paints, TCS, Titan Company and HUL. HDFC Bank was the top loser followed by HDFC, IndusInd Bank, Kotak Mahindra Bank, ONGC, Bajaj Finance, RIL and Bharti Airtel. About 1125 shares have advanced, 1611 shares declined, and 122 shares are unchanged.IT and Pharma indices rose 1 per cent each. while Nifty PSB, Nifty Private Bank, and Nifty Realty indices declined up to 0.7 per cent each. The BSE MidCap index closed at 63 points, or 0.35 per cent and the BSE SmallCap index, too, dipped 42 points, or 0.2 per cent.

Closing Bell:Sensex gains 224 points, Nifty at 13740.70

Closing Bell:Sensex gains 224 points, Nifty at 13740.70
Thursday, December 17, 2020
At close, the Sensex was up 223.88 points or 0.48% at 46,890.34, and the Nifty was up 58.00 points or 0.42% at 13,740.70. Top Sensex gainers were Housing Development Finance Corporation (HDFC), Bajaj Finance, HDFC Bank, IndusInd Bank, Power Grid Corporation of India and Reliance Industries Ltd (RIL), among others. On the flip side, ONGC, Maruti Suzuki, Tata Steel, Hindustan Unilever Ltd (HUL), Bharti Airtel, Infosys were among the Sensex losers. About 1234 shares have advanced, 1485 shares declined, and 137 shares are unchanged. Nifty PSU Bank and Metal indices ended the day on the NSE in the red, down 1.4 per cent and 1.3 per cent, respectively. On the upside, the Nifty Financial Services index settled as the top sectoral gainer. BSE MidCap index down 0.13 per cent. The BSE SmallCap index, down 0.23 per cent. Except for pharma and banks, other indices ended in the red.

MARKET UPDATE:Sensex gained 106 points to 46,770 levels and Nifty above the 13,700-mark

MARKET UPDATE:Sensex gained 106 points to 46,770 levels and Nifty above the 13,700-mark
Thursday, December 17, 2020
The Indian equity markets were trading with meager gains today(17th December 2020) amid mixed global cues, ahead of the weekly options expiry. Among the headline indices, the S&P BSE Sensex gained 106 points to 46,770 levels and the broader Nifty50 index was above the 13,700-mark. IndusInd Bank rose 2 percent after the Sebi granted a one-month extension for the bank's promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, into equity. Besides, Reliance Industries, Sun Pharma, and Ultratech Cement (all up 1%) were the other top gainers. The trend was mixed among the Nifty sectoral indices, with the Nifty Pharma index, up 1 percent, leading the list of gainers. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index gained 0.4 percent.

Closing Bell: Sensex jumps 403.29 points, Nifty at 13682.70

Closing Bell: Sensex jumps 403.29 points, Nifty at 13682.70
Wednesday, December 16, 2020
At close, the Sensex was up 403.29 points or 0.87% at 46,666.46, and the Nifty was up 114.80 points or 0.85% at 13,682.70 scaled fresh lifetime highs in Wednesday's trade.HDFC was the top Sensex gainer followed by ONGC, Bharti Airtel, Titan Company, Asian Paints, M&M, TCS, HDFC Bank and Infosys. On the contrary, ICICI Bank, IndusInd Bank, NTPC, Tech Mahindra, HCL Tech, State Bank of India (SBI) and Axis Bank were among the losers. About 1801 shares have advanced, 1129 shares declined, and 164 shares are unchanged.BSE Midcap and Smallcap indices rose 0.8 per cent each. Nifty Metal index, up 1 per cent.Except PSU Bank other sectoral indices ended in the green led by metal and auto sectors.

MARKET UPDATE:Sensex rose 317 points at 46,580 levels and Nifty surpassed the 13,650-mark

MARKET UPDATE:Sensex rose 317 points at 46,580 levels and Nifty surpassed the 13,650-mark
Wednesday, December 16, 2020
The markets in India scaled fresh record high levels today (16th December 2020), tracking strong gains in Asian indices. The S&P BSE Sensex rose 317 points, or 0.7 percent, at 46,580 levels. The index hit an intra-day high of 46,592. The broader Nifty50, meanwhile, surpassed the 13,650-mark. Mahindra & Mahindra rose 3 percent and was the top Sensex gainer after saying it will hike prices of its entire range of passenger and commercial vehicles from next month. Besides, ONGC (up 2%), Asian Paints, Bajaj Finance, and Tata Steel (all up1%) were the other top gainers. All the Nifty sectoral indices, except the Nifty PSU Bank index, we're going strong, led by the Nifty Metal index, up 1 percent. In the broader markets, both the S&P BSE MidCap and SmallCap indices were ruling half a percent up.

India is the world's best market for portfolio disclosure: Morningstar report

India is the world's best market for portfolio disclosure: Morningstar report
Tuesday, December 15, 2020
India and the U.S. are the two most investor-friendly markets in the world in terms of best practices for portfolio disclosure, while Australia ranks at the bottom, according to a global study by Morningstar Inc. The two countries earned top grades for their robust disclosure regimes across six categories including fees, transparency of fund holdings, and issues such as conflicts of interest. The report covering 26 markets across North America, Europe, Asia, and Africa singled out Australia as a notable laggard. “The U.S. has consistently led the pack in this area, while India has gradually added global best practices to its disclosure framework,” Christina West, director of manager research services at Morningstar and co-author of the study, said in a statement. “India has also set a high standard with monthly required portfolio holdings disclosure.”

Closing Bell:Sensex up 9.71 points, Nifty at 13567.85

Closing Bell:Sensex up 9.71 points, Nifty at 13567.85
Tuesday, December 15, 2020
At close, the Sensex was up 9.71 points or 0.02% at 46,263.17, and the Nifty was up 9.70 points or 0.07% at 13,567.90 led by buying in financial and information technology (IT) counters. Bajaj Finance was the top Sensex gainer followed by Housing Development Finance Corporation (HDFC), Tech Mahindra, HDFC Bank and Maruti Suzuki. On the flip side, Hindustan Unilever Ltd (HUL), Nestle India, ICICI Bank, Axis Bank, State Bank of India (SBI) and TCS were losers. About 1389 shares have advanced, 1333 shares declined, and 128 shares are unchanged. Nifty PSU Bank and Nifty FMCG indices, down 1.46 per cent and 1.29 per cent respectively, While Nifty Financial Services and Nifty Metal gained 0.77 per cent each

MARKET UPDATE:Sensex fell 300 points at 45,950 levels and Nifty breached the 13,500-mark

MARKET UPDATE:Sensex fell 300 points at 45,950 levels and Nifty breached the 13,500-mark
Tuesday, December 15, 2020
The Indian benchmark indices extended their early losses and were down nearly 1 percent in today's(15th December 2020) morning deals, dragged primarily by financials and FMCG stocks. The S&P BSE Sensex fell 300 points, or 0.8 percent, at 45,950 levels, this giving up the psychological level of 46,000. The broader Nifty50 also breached the 13,500-mark. Axis Bank (down 2%) was the top Sensex laggard, followed by ONGC, ICICI Bank, and IndusInd Bank (all down 1%). On the other hand, HDFC Bank gained over 1 percent. The trend among Nifty sectoral indices was largely negative, with the Nifty PSU Bank index, down 3 percent, leading the list of losers. In the broader market, the S&P BSE MidCap slipped 0.2 percent while the S&P BSE SmallCap index was flat.

Closing Bell: Sensex gains 154 points, Nifty at 13558.15

Closing Bell: Sensex gains 154 points, Nifty at 13558.15
Monday, December 14, 2020
At close, Sensex was up 154.45 points or 0.34% at 46,253.46, and the Nifty was up 44.30 points or 0.33% at 13,558.20 led by buying in PSU Bank and metal stocks. . ONGC was the top Sensex gainer followed by L&T, NTPC, ICICI Bank, Sun Pharma, HCL Tech, Titan Company and State Bank of India (SBI). On the flip side, M&M, Bajaj-Auto, Tech Mahindra, HDFC Bank, Reliance Industries Ltd (RIL), Bharti Airtel were the BSE Sensex losers. About 1769 shares have advanced, 1009 shares declined, and 131 shares are unchanged. Except for Nifty Realty and Nifty Auto indices, all the sectoral indices ended in the green led by Nifty Media and Nifty Metal indices. Burger King gained 130 per cent to Rs 138.40 on the BSE against the issue price of Rs 60.BES Midcap and Smallcap indices rose 0.8 per cent each.

MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark

MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark
Monday, December 14, 2020
The equity markets in India logged their fresh lifetime highs and were trading half a percent higher on Monday, on the back of strong global cues. Among headline indices, the S&P BSE Sensex gained 200 points and rose as high as 46,300 levels. The broader Nifty50 index, meanwhile, was testing the 13,600-mark. ONGC (up 2%), Larsen & Toubro, NTPC, Tata Steel, and PowerGrid (all up 2%) were the top Sensex gainers. Shares of pharma major Cipla jumped over 4 percent after the company announced the settlement of its patent litigation with Celgene Corporation, a wholly-owned subsidiary of Bristol Myers Squibb, relating to patents for Revlimid (lenalidomide) All the Nifty sectoral indices, except the Nifty Realty index, were trading in the green, led by the Nifty PSU Bank index, up 1.7 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.5 per cent and 0.7 per cent higher, respectively. Read more

Closing Bell:Sensex gains 139 points, Nifty at 13513.85

Closing Bell:Sensex gains 139 points, Nifty at 13513.85
Friday, December 11, 2020
At close, the Sensex was up 139.13 points or 0.30% at 46,099.01, and the Nifty was up 35.60 points or 0.26% at 13,513.90 on a positive note amid healthy buying in financial, oil and gas, metal, and FMCG stocks. ONGC, State Bank of India (SBI), NTPC, Tata Steel, Reliance Industries Ltd (RIL) and Hindustan Unilever Ltd (HUL were top gainers. On the flip side, Infosys, Nestle India and Maruti Suzuki were among Sensex losers. About 1713 shares have advanced, 1188 shares declined, and 148 shares are unchanged. Energy, Metal and PSU Bank indices rose 1 per cent each. while selling seen in the pharma, IT and auto stocks. BSE Midcap and Smallcap indices ended in the green.

MARKET UPDATE:Sensex gained 300 points at 46,240 levels and Nifty topped the 13,550-mark

MARKET UPDATE:Sensex gained 300 points at 46,240 levels and Nifty topped the 13,550-mark
Friday, December 11, 2020
The Indian benchmark indices returned to their record-breaking ways after a day's break, logging fresh record highs in today's911th December 2020) morning deals. The S&P BSE Sensex gained 300 points, or 0.6 percent, at 46,240 levels and the Nifty50 index topped the 13,550-mark. ONGC (up 6%) was the top Sensex gainer, followed by NTPC, Tata Steel, and Bajaj Finance (all up 1%). Meanwhile, shares of UPL rose 3 percent after the management clarified that the matter flagged by a whistleblower was an old matter and was reported to the audit committee in 2017. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were up 0.6 percent and 0.9 percent, respectively

Closing Bell:Sensex down 143 points, Nifty at 13478.30

Closing Bell:Sensex down 143 points, Nifty at 13478.30
Thursday, December 10, 2020
At close, the Sensex was down 143.62 points or 0.31% at 45959.88, and the Nifty was down 50.80 points or 0.38% at 13478.30 after profit booking. Maruti Suzuki India, Power Grid, and Sun Pharma were the top Sensex gainers. While IRCTC was the top loser followed by UltraTech Cement, Infosys, and Tata Steel. About 1209 shares have advanced, 1642 shares declined, and 158 shares are unchanged. Nifty PSU Bank index, down 2 per cent.Nifty FMCG, up over 1 per cent. The S&P BSE MidCap and SmallCap indices were trading 1 per cent and 0.8 per cent lower, respectively. Except for Nifty Auto, Nifty FMCG, and Nifty Pharma, other indices ended in the red. Volatility was down over 2%

MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and Nifty slipped below the 13,500-mark

MARKET UPDATE:Sensex dipped 300 points at 45,790 levels and Nifty slipped below the 13,500-mark
Thursday, December 10, 2020
The equity markets in India fell over half a percent in today's(10th December 2020) opening deals, on the back of weak global cues. Among the headline indices, the S&P BSE Sensex dipped 300 points, or 0.7 percent, to 45,790 levels, thereby giving away the 46,000-mark it had conquered in the previous session. The broader Nifty50 index also slipped below the 13,500-mark. Ultratech Cement (down 2%) was the top Sensex loser, followed by Tata Steel, Infosys, and Tech Mahindra (all down 1%). Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell as much as 15 percent after the company said the government will sell up to 20 percent stake in the company through an offer for sale on Thursday and Friday to raise Rs 4,374 crores. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 2 percent, leading the list of losers. Read more

MARKET UPDATE:Sensex up 280 points at 45,880 levels and Nifty topped the 13,450-mark

MARKET UPDATE:Sensex up 280 points at 45,880 levels and Nifty topped the 13,450-mark
Wednesday, December 9, 2020
The markets in India up half a percent, logged their fresh record high today(9th December 2020) on the back of firm global cues. Among headline indices, the S&P BSE Sensex gained 280 points, or 0.6 percent, at 45,880 levels and the Nifty50 index topped the 13,450-mark. ITC and IndusInd Bank (both up 1%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were both up 0.5 percent.

Closing Bell: Sensex gains 181 points, Nifty at 13392.95

Closing Bell: Sensex gains 181 points, Nifty at 13392.95
Tuesday, December 8, 2020
At close, the Sensex was up 181.54 points or 0.40% at 45,608.51 for the fourth day and the Nifty was up 37.20 points or 0.28% at 13,393 lifted primarily by Reliance Industries and public sector banks. Top gainers on Sensex were UltraTech Cement, Bharti Airtel, and Larsen & Toubro. While losers include Sun Pharma, Axis Bank, and Tech Mahindra. About 1344 shares have advanced, 1374 shares declined, and 130 shares are unchanged. Nifty metal and pharma indices gained 1 per cent each, while PSU Bank index added over 7 per cent. BSE Midcap and Smallcap indices ended with marginal losses.

MARKET UPDATE:Sensex rose 100 points to 45,530 levels and Nifty hit the 13,400-mark

MARKET UPDATE:Sensex rose 100 points to 45,530 levels and Nifty hit the 13,400-mark
Tuesday, December 8, 2020
The markets in India scaled new lifetime highs for the fourth consecutive session despite trading with meagre gains, on the back of mixed global cues, in today's(8th December 2020) morning deals. Among headline indices, the S&P BSE Sensex rose 100 points to 45,530 levels and the broader Nifty50 index hit the 13,400-mark. Ultratech Cement, Bharti Airtel, Maruti Suzuki, and HCL Tech (all up 1%) were the top Sensex gainers. Jet Airways was locked in a 5 percent upper circuit after the consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital said it expects to start operating the airline by the summer of 2021. Canara Bank also gained 5 percent after launching its Rs 2,000 crore QIP. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up 0.9 percent, leading the list of gainers.

Closing Bell:Sensex gains 347 points, Nifty at 13355.75

Closing Bell:Sensex gains 347 points, Nifty at 13355.75
Monday, December 7, 2020
At close, BSE Sensex was up 347.42 points or 0.77% at 45426.97, and the Nifty was up 97.30 points or 0.73% at 13355.80 supported by the financials, pharma and FMCG stocks ONGC, Bharti Airtel, and ICICI Bank were among the top Sensex gainers while HDFC Bank, Kotak Mahindra Bank, and Titan Company were among the worst performers. About 1972 shares have advanced, 936 shares declined, and 190 shares are unchanged.PSU Bank index gained 2 per cent, while pharma, infra and FMCG indices gained 1 per cent each. BSE MidCap and SmallCap indexes were trading 0.8 per cent and 1.3 per cent higher, respectively.

MARKET UPDATE:Sensex gained 150 points at 45,216 levels and Nifty surpassed the 13,300-mark

MARKET UPDATE:Sensex gained 150 points at 45,216 levels and Nifty surpassed the 13,300-mark
Monday, December 7, 2020
The markets in India scaled their fresh lifetime highs despite trading with meagre gains in today's( 8th December 2020) early deals, on the back of a mixed set of global cues. The S&P BSE Sensex gained 150 points, or 0.3 percent, at 45,216 levels and the Nifty50 index surpassed the 13,300-mark. ONGC (up 3%) was the top Sensex gainer, followed by Axis Bank, ICICI Bank, and Bharti Airtel was up 1 per cent, each. IRCTC, meanwhile, rose as high as 7 percent while Adani Ports hit a fresh lifetime high. The Nifty sectoral indices were trading largely in the green, led by Nifty PSU Bank index, up 0.8 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.3 per cent and 0.8 percent higher, respectively

Closing Bell:Sensex gains 446.90 points, Nifty at 13258.55

Closing Bell:Sensex gains 446.90 points, Nifty at 13258.55
Friday, December 4, 2020
At close, the Sensex was up 446.90 points or 1% at 45,079.55, and the Nifty was up 124.60 points or 0.95% at 13,258.50 and Sensex hitting 45,000 for the first time ever after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 4 per cent. Top gainers were Bharti Airtel, UltraTech Cement, Laren & Toubro, M&M and Hindustan Unilever. ONGC, Bajaj Finserv, and Reliance Industries were top losers in the Sensex pack. About 1483 shares have advanced, 1178 shares declined, and 138 shares are unchanged. Nifty Pharma, Metal, Infra, and Nifty FMCG indexes, gained1 per cent, each. Nifty Bank index rose 2 per cent. Except for Energy, all other sectoral indices ended in the green.BSE Midcap and Smallcap indices added 0.4 per cent each.

MARKET UPDATE:Sensex up 200 points at 44,860 levels and Nifty testing the 13,200-mark

MARKET UPDATE:Sensex up 200 points at 44,860 levels and Nifty testing the 13,200-mark
Friday, December 4, 2020
The equity markets in India were trading half a percent higher in today's(4th December 2020) early morning deals ahead of the announcement of the decision of RBI's monetary policy committee. Among headline indices, the S&P BSE Sensex gained 200 points, or 0.5 percent, at 44,860 levels and the Nifty50 index was testing the 13,200-mark. Ultratech Cement (up 4%) was the top Sensex gainer, followed by Bharti Airtel, Mahindra & Mahindra, and Larsen & Toubro (all up 1%).

Closing Bell:Sensex gains 14.61 points, Nifty at 13133.90

Closing Bell:Sensex gains 14.61 points, Nifty at 13133.90
Thursday, December 3, 2020
At close, the Sensex was up 14.61 points or 0.03% at 44,632.65, and the Nifty was up 20.10 points or 0.15% at 13,133.90 amid volatility. Maruti Suzuki India was the top Sensex gainer, followed by State Bank of India, ONGC, and NTPC. Bajaj-Auto, Axis Bank, HDFC Bank, Power Grid Corporation of India, Tata Consultancy Services (TCS) and Infosys were among top Sensex losers. About 1950 shares have advanced, 905 shares declined, and 166 shares are unchanged.PSU Bank index rose nearly 5 per cent, the metal index added 2 per cent and auto and energy indices rose 1 per cent each. BSE Midcap and Smallcap indices jumped 0.6--0.8 per cent. India VIX cooled off around 5 per cent to 18.95 levels.

MARKET UPDATE:Sensex gained 150 points at 44,800 levels and Nifty hovered around 13,160-mark

MARKET UPDATE:Sensex gained 150 points at 44,800 levels and Nifty hovered around 13,160-mark
Thursday, December 3, 2020
The equity markets in India were trading with marginal gains in today's(3rd December 2020) early morning deals after opening at record high levels. Meanwhile, the volatility index, India VIX, cooled off over 7 percent to 18.5 levels. Among individual stocks, the S&P BSE Sensex gained 150 points at 44,800 levels. The index hit an intra-day high of 44,953, also its fresh lifetime high. The Nifty50 index hovered around 13,160-mark. Maruti Suzuki, up 4 percent, was the top Sensex gainer, followed by ONGC, Tata Steel, Larsen & Toubro, and State Bank of India (all up 1 percent). IndiGo, meanwhile, gained 2 percent after the company said it has reached 70 percent of its pre-Covid capacity and is operating 1,000 daily international and domestic flights. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1 percent.

Closing Bell:Sensex down 37 points, Nifty at 13113.75

Closing Bell:Sensex down 37 points, Nifty at 13113.75
Wednesday, December 2, 2020
At close, Sensex down 37 points or 0.08 per cent lower and closed at 44618.04, and Nifty up 4.7 points, or 0.04 per cent and ended flat at 13113.75 amid high volatility. ONGC was top gainer followed by Asian Paints, Titan Company, Tata Steel, Bajaj-Auto, M&M and Maruti Suzuki. HDFC Bank, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), ICICI Bank and Bajaj Finance contributed the most to the indices’ loss today. About 1573 shares have advanced, 1124 shares declined, and 134 shares are unchanged. The metal index added 2 per cent and auto index gained 1 per cent. While Nifty Bank index fell 1.19 per cent.

MARKET UPDATE:Sensex 100-odd points down at 44,560 levels and Nifty slipped below the 13,100-mark

MARKET UPDATE:Sensex 100-odd points down at 44,560 levels and Nifty slipped below the 13,100-mark
Wednesday, December 2, 2020
The Indian markets were trading marginally lower in today's(2nd December 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex was trading 100-odd points down at 44,560 levels and the Nifty50 index slipped below the 13,100-mark. Maruti Suzuki, Asian Paints, Titan, and Bajaj Auto (all up 1%) were the top Sensex gainers. Tata Motors rose over 3 percent after the company's November sales also grew to 49,650 vehicles from 41,124 units in the year-ago period. The trend among Nifty sectoral indices was mixed, with Nifty Pharma and Nifty Auto indexes, both up 1 percent, leading the list of gainers. The broader indices outperformed the benchmarks, with the S&P BSE MidCap and SmallCap indices trading 0,3 percent and 0.5 percent higher, respectively.

Closing Bell:Sensex gains 505 points, Nifty at 13109.05

Closing Bell:Sensex gains 505 points, Nifty at 13109.05
Tuesday, December 1, 2020
At close, the Sensex was up 505.72 points or 1.15% at 44,655.44, and the Nifty was up 140 points or 1.08% at 13,109 boosted by the better than expected GDP data. Sun Pharma was the top Sensex gainer followed by IndusInd Bank, Tech Mahindra, ONGC, Bharti Airtel, Infosys, ICICI Bank and TCS. On the flip side, Kotak Mahindra Bank, Nestle India, Titan Company, Bajaj Finance, HUL and NTPC were among the top losers. About 1869 shares have advanced, 974 shares declined, and 169 shares are unchanged. Except for Nifty FMCG index, all the sectoral indices ended in the positive territory, led by Nifty PSU Bank, and Nifty IT index gaining 3 per cent.BSE MidCap index gained 0.94 per cent while the BSE SmallCap index gained 0.82 per cent. About 1869 shares have advanced, 974 shares declined, and 169 shares are unchanged. India VIX slipped 0.23 per cent to 19.7 levels.

MARKET UPDATE:Sensex up 200 points at 44,350 level and Nifty hovered above the 13,000-mark

MARKET UPDATE:Sensex up 200 points at 44,350 level and Nifty hovered above the 13,000-mark
Tuesday, December 1, 2020
The Indian benchmark indices were trading nearly half a percent higher today(1st December 2020), amid mixed global cues. Among headline indices, the S&P BSE Sensex was up 200 points at the 44,350 level and the Nifty50 index hovered above the 13,000-mark. Ultratech Cement (up 3%) was the top Sensex gainer, followed by Infosys, Sun Pharma Powergrid, and Bajaj Auto (all up 1%). The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, up 1 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indices were trading half a percent higher, each.

Some counters which have underperformed the market amid this rally

Some counters which have underperformed the market amid this rally
Friday, November 27, 2020
The stock market has witnessed a stellar rebound as the benchmark indices have zoomed over 70 percent from their respective March lows. Today (27th November 2020)At 01:44 PM, the S&P BSE Sensex was trading at 44,251 levels while NSE's Nifty was just shy of the crucial level of 13,000. However, amid this market rally, there have been few counters which have underperformed the market. Here are some of the underperformers and what can be the trading strategy. Canara Bank (CANBK): For the first time after July 2019, this counter crossed the 200-day moving average (DMA) on Friday. The overall trend looks promising as the Moving Average Convergence Divergence (MACD) is holding ground above the zero lines. Read more

Closing Bell:Sensex down 110 points, Nifty at 12968.95

Closing Bell:Sensex down 110 points, Nifty at 12968.95
Friday, November 27, 2020
At close, the Sensex was down 110.02 points or 0.25% at 44,149.72, and the Nifty was down 18 points or 0.14% at 12,969 ahead of the release of gross domestic product (GDP) numbers for the second quarter of the current fiscal. Top Sensex gainers were Asian Paints, Bajaj Auto, Tech Mahindra, and IndusInd Bank. While losers include Nestle India, Power Grid, ONGC, and HCL Tech. About 1717 shares have advanced, 1039 shares declined, and 172 shares are unchanged. Auto and PSU bank indices gained 1 per cent each. Selling seen in the infra, IT and energy stocks.BSE Midcaps and Smallcap indices rose 2 per cent each.

MARKET UPDATE:Sensex up 70 points at 44,330 levels and Nifty hovered around the 13,000-mark

MARKET UPDATE:Sensex up 70 points at 44,330 levels and Nifty hovered around the 13,000-mark
Friday, November 27, 2020
The equity markets in India were trading flat with a positive bias in today's( 27th November 2020) early deals, on the back of mixed global cues. The S&P BSE Sensex was up 70 points at 44,330 levels and the Nifty50 index hovered around the 13,000-mark. NTPC (up 2%) was the top Sensex gainer, followed by Asian Paints, Maruti Suzuki, and Nestle India (all up 1%). Nearly all the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 1 percent.

Closing Bell: Sensex gains 432 points, Nifty at 12987.00

Closing Bell: Sensex gains 432 points, Nifty at 12987.00
Thursday, November 26, 2020
At close, the Sensex was up 431.64 points or 0.98% at 44,259.74, and the Nifty was up 128.60 points or 1.00% at 12,987. Mahindra & Mahindra, L&T, Bajaj Auto, and Titan were among major gainers on the Sensex pack. IndusInd Bank, SBI, TCS were the top drags. About 1726 shares have advanced, 986 shares declined, and 179 shares are unchanged. The metal index gained nearly 4 per cent and Nifty Bank and Pharma indices gained 1 per cent each.VIX dropped nearly 13.5 per cent to 20 levels.

MARKET UPDATE:Sensex hovered around 43,840 levels and Nifty held the 12,850 mark

MARKET UPDATE:Sensex hovered around 43,840 levels and Nifty held the 12,850 mark
Thursday, November 26, 2020
The markets in India were trading flat with a positive bias, on the back of mixed global cues, in today's(26th November 2020) early deals ahead of the expiry of November series derivative contracts. The S&P BSE Sensex hovered around 43,840 levels and the Nifty50 index held the 12,850. Larsen & Toubro, Bajaj Auto, Mahindra & Mahindra, and Titan (all up 1%) were the top Sensex gainers, Siemens, meanwhile, rose 6 percent after announcing its September quarter results. The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, up 0.9 percent, leading the list of gainers.

MARKET UPDATE:Sensex hit a fresh lifetime high of 44,825 while Nifty surpassed the 13,100-mark

MARKET UPDATE:Sensex hit a fresh lifetime high of 44,825 while Nifty surpassed the 13,100-mark
Wednesday, November 25, 2020
The Indian markets extended their record-breaking run today(25th November 2020) on the back of favourable global cues. Among headline indices, the S&P BSE Sensex rose 250 points to hit a fresh lifetime high of 44,825 while the Nifty50 index surpassed the 13,100-mark. ONGC (up 5%) was the top Sensex gainer, followed by State Bank of India, ICICI Bank, Tata Steel, and Axis Bank (all up 1%). Meanwhile, HDFC Bank joined the elite club of Rs 8-trillion market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 1,464 after rising nearly 2 percent today. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, which rose 1.2 percent to an over a 9-month high while surpassing the level of 30,000. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.12 percent and 0.3 percent higher, respectively.

Closing Bell:Sensex gains 446 points, Nifty at 13055.15

Closing Bell:Sensex gains 446 points, Nifty at 13055.15
Tuesday, November 24, 2020
At close, the Sensex was up 445.87 points or 1.01% at 44,523.02, and the Nifty up 128.70 points or 1.00% at 13,055.20 amid across-the-board buying. HDFC Bank, ICICI Bank, Reliance Industries Ltd, Axis Bank and ITC contributed to the Sensex gains. On the flip side, Housing Development Finance Corporation (HDFC), Titan Company, Nestle India, Bharti Airtel, ONGC and Bajaj Finance were among index drags. About 1603 shares have advanced, 1167 shares declined, and 175 shares are unchanged. Nifty Bank index, up 2.46 per cent.while auto, metal and pharma indices rose 1 per cent each. India VIX gained over a per cent to 21.05 levels. The BSE MidCap index ended 0.58 per cent higher while the BSE SmallCap index gained 0.89 per cent.

MARKET UPDATE:Sensex gained 300 points at 44,380 levels and Nifty hit 13,000 mark for the first time ever

MARKET UPDATE:Sensex gained 300 points at 44,380 levels and Nifty hit 13,000 mark for the first time ever
Tuesday, November 24, 2020
The Indian benchmark indices logged their respective fresh lifetime highs today(24th November 2020), on the back of favourable global cues. The S&P BSE Sensex gained 300 points at 44,380 levels and the broader Nifty50 index hit the psychological level of 13,000 for the first time ever. Maruti Suzuki gained 2 percent and was the top Sensex gainer. Besides, HDFC Bank, Axis Bank, Larsen & Toubro, ICICI Bank, and Mahindra & Mahindra also gained 1 percent, each. All the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 1.3 percent.

Closing Bell:Sensex gains 195 points, Nifty at 12926.45

Closing Bell:Sensex gains 195 points, Nifty at 12926.45
Monday, November 23, 2020
At close, the Sensex was up 194.90 points or 0.44% at 44,077.15, and the Nifty was up 67.50 points or 0.52% at 12,926.50 mainly led by buying in IT stocks and Reliance Industries Ltd. ONGC shares were the top Sensex gainer, followed by IndusInd Bank, Infosys, Tech Mahindra, RIL, Tata Consultancy Services and HCL Tech. On the flip side, Housing Development Finance Corporation (HDFC), ICICI Bank, Axis Bank, Titan Company, SBI and Bharti Airtel ended in the negative note. About 1636 shares have advanced, 1133 shares declined, and 178 shares are unchanged. India VIX gained over 6 per cent to 20.8 levels. Nifty IT index and energy gained 2.8 per cent, while Nifty Financial Services index settled 1.07 per cent down. Except for banks, other indices ended in the green.BSE Midcap and Smallcap indices rose 1 per cent each.

MARKET UPDATE:Sensex hovered around 43,880 levels and Nifty gave up 12,950 level

MARKET UPDATE:Sensex hovered around 43,880 levels and Nifty gave up 12,950 level
Monday, November 23, 2020
The equity markets in India pared all gains and were trading flat in today's(23rd November 2020) early deals, dragged largely by financials. Among headline indices, the S&P BSE Sensex hovered around 43,880 levels. The index had risen as high as 44,271, earlier in the day. The Nifty50 index also gave up 12,950. Reliance Industries gained over 3 percent in early deals after the Competition Commission of India cleared RIL's bid to buy Future group's retail, wholesale, and logistics assets amid a legal battle with Amazon. Besides, Bajaj Finserv and IndusInd Bank rose 3 percent each and were among the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.7 percent higher, each.

Closing Bell:Sensex down 580 points, Nifty at 12771.70

Closing Bell:Sensex down 580 points, Nifty at 12771.70
Thursday, November 19, 2020
At close, the Sensex was down 580.09 points or 1.31% at 43,599.96, and the Nifty was down 166.60 points or 1.29% at 12,771.70. Top gainers were TCS, Bajaj Finserv, Kotak Mahindra Bank, Powergrid, and Reliance Industries. While losers include SBI, ICICI Bank, JSW Steel and Axis Bank. About 1179 shares have advanced, 1384 shares declined, and 156 shares are unchanged. Nifty Bank index down 3 per cent, while Infra and IT indices fell 1 per cent each. Energy and FMCG indices ended in the green.BSE SmallCap index was trading 0.1 per cent lower and BSE MidCap index was down 0.7 per cent

Closing Bell: Sensex gains 227.34 points, Nifty at 12938.25

Closing Bell: Sensex gains 227.34 points, Nifty at 12938.25
Wednesday, November 18, 2020
At close, the Sensex was up 227.34 points or 0.52% at 44180.05, and the Nifty was up 64.10 points or 0.50% at 12938.30 for the third straight session on November 18 supported by the auto and financial stocks. M&M, L&T, Bajaj Finserv and IndusInd Bank were the top Sensex-gainers. While losers included BPCL, HUL, Dr Reddy’s Labs, ITC and Titan Company. About 1496 shares have advanced, 1100 shares declined, and 153 shares are unchanged. Nifty Bank index and Nifty PSU Bank index, up nearly 3 per cent each,.BSE MidCap index was up 1 per cent and the BSE SmallCap index was, up 0.8 per cent. Selling seen in the FMCG, IT and pharma names.

Closing Bell:Sensex gains 314.73 points, Nifty at 12874.20

Closing Bell:Sensex gains 314.73 points, Nifty at 12874.20
Tuesday, November 17, 2020
At close, the Sensex was up 314.73 points or 0.72% at 43,952.71, and the Nifty was up 93.90 points or 0.73% at 12,874.20 led by buying in financial counters Tata Steel, RIL, Bharti Airtel and HDFC Bank were top Sensex gainers, while HCL Technologies, BPCL, Hero MotoCorp, and ITC were top losers. About 1443 shares have advanced, 1181 shares declined, and 146 shares are unchanged. Nifty Metal and Nifty Bank indices rose over 2 per cent each. BSE midcaps outperform. India VIX was up over 2%. Selling seen in the energy, pharma and IT stocks.

MARKET UPDATE:Sensex hit a new record high of 44,161 level and Nifty hit new high of 12,934

MARKET UPDATE:Sensex hit a new record high of 44,161 level and Nifty hit new high of 12,934
Tuesday, November 17, 2020
Indian equity indices hit scaled fresh lifetime highs today(17th November 2020) as positive news from Moderna Inc, that its Covid-19 vaccine has a 94.5 percent efficacy rate, boosted investor sentiment. Indices surpassed their previous highs touched on November 14 during the special one-hour Muhurat Trading. Among frontline indices, the S&P BSE Sensex hit a new record high of 44,161 levels in the opening deals, surpassing the previous high of 43,830.93 level. It was, however, later trading around 43,938 levels, up 300 points or 0.7 percent. Tata Steel (up 4 percent), State Bank of India and Bharti Airtel (up 2 percent each), and Reliance Industries (up 1 percent) were the top gainers on the 30-share index. The broader Nifty50, meanwhile, hit a new high of 12,934, but later retreated to 12,882 levels, up 100 points. The index surpassed the previous lifetime high of 12,828.7. Read more

Closing Bell:Sensex gains 86 points, Nifty at 12719.95

Closing Bell:Sensex gains 86 points, Nifty at 12719.95
Friday, November 13, 2020
At close, the Sensex was up 86 points or 0.20 % at 43443.00, and the Nifty was up 29 points or 0.23% at 12719.95 ahead of Muhurat trading. Bajaj Finserv, Tata Steel, ICICI Bank, Axis Bank, Bajaj Finance and SBI were major gainers in the sensex pack, while losers include L&T, HDFC, HDFC Bank, Bharti Airtel, Tech Mahindra and M&M. The MidCap index rose 0.86 per cent to 15,876 levels while the SmallCap index advanced over 1 per cent to 15,639 points. Nifty FMCG, and Nifty Media settled in the green, rest of the indices ended in the red. India VIX fell over 4% to close below the 20 points mark. Markets will open for one hour on Saturday, November 14 for the auspicious "Muhurat Trading session, which will start at 06:15 pm and end at 07:15 PM

MARKET UPDATE:Sensex fell 210 points to 43,150 levels and Nifty gave up the 12,650 level

MARKET UPDATE:Sensex fell 210 points to 43,150 levels and Nifty gave up the 12,650 level
Friday, November 13, 2020
The markets in India were trading with half a percent cut amid weak global cues. The S&P BSE Sensex fell 210 points, or 0.5 percent, to 43,150 levels and the broader Nifty50 index gave up the 12,650 level. IndusInd Bank and Larsen & Toubro (both down 2%) were the top Sensex losers. On the other hand, Titan, Asian Paints, and Reliance Industries gained 1 percent, each. Meanwhile, Eicher Motors rose 3 percent after announcing its September quarter results. The trend among Nifty sectoral indices was largely negative, with the Nifty Bank index and Nifty Metal index down over percent, each. Five hundred and four companies including ONGC, Tata Steel, Eveready Industries, and Future Retail are set to declare their results today.

Nifty may touch 14,100 by December 2021

Nifty may touch 14,100 by December 2021
Thursday, November 12, 2020
Global brokerage firm Goldman Sachs and Nomura in a report dated November 11, has pegged Nifty50 target at 14,100 by December 2021and will be up 11 per cent from the current levels raising Indian Market as overweight on the back of strong capital flows. The reversal comes with foreign brokerages saying that earnings are likely to continue improving for the next two years after the sharp fall this year and a global recovery from the pandemic that jolted equity markets earlier this year. The foreign brokerage firm also highlighted that the market sentiment is high due to positive reports about the coronavirus vaccine. Nifty 50 has managed to chart its way to make fresh all-time highs repeatedly over the last few days. Goldman Sachs’ new target would see Nifty go another 11% from its current record high of 12,769 points. “We think the investment case for India has improved now, and upgrade it back to overweight,” Goldman Sachs said in a note. Read more

Closing Bell:Sensex down 236.48 points, Nifty at 12690.80

Closing Bell:Sensex down 236.48 points, Nifty at 12690.80
Thursday, November 12, 2020
At close, the Sensex was down 236.48 points or 0.54% at 43357.19, and the Nifty was down 58.40 points or 0.46% at 12690.80 even as FM Nirmala Sitharaman announced 12 measures under 'AtmanirbharBharat 3.0. SBI was the top loser followed by Kotak Mahindra Bank, IndusInd Bank, and ICICI Bank. While HUL, ITC, and L&T were top gainers. About 1531 shares have advanced, 1117 shares declined, and 185 shares are unchanged. Bank and metal other indices ended in the green. BSE Midcap and Smallcap indices rose 0.5 and 1.2 per cent each. India VIX was down over 6% on Thursday.

Sensex fell 100 points to 43,520 levels and Nifty overed around 12,710 marks

Sensex fell 100 points to 43,520 levels and Nifty overed around 12,710 marks
Thursday, November 12, 2020
The equity markets in India were trading marginally lower, amid mixed global cues, today (12th November 2020). A Reuters report said that the Centre is likely to unveil another stimulus package of about $20 billion this week focusing on stressed sectors, middle-income groups in urban and rural areas, and employment generation before Diwali. Among headline indices, the S&P BSE Sensex fell 100 points to 43,520 levels and the Nifty50 index hovered around 12,710 marks. HDFC, Kotak Mahindra Bank, IndusInd Bank, and ICICI Bank were all trading 1 percent down. On the other hand, M&M and Titan gained 2 and 1 percent, respectively. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1 percent, leading the list of gainers. Eight hundred and eight companies including Eicher Motors, IRCTC, and Jubilant FoodWorks are set to declare their quarterly earnings today.

Closing Bell:Sensex gains 316 points, Nifty at 12749.15

Closing Bell:Sensex gains 316 points, Nifty at 12749.15
Wednesday, November 11, 2020
At close, the Sensex was up 316.02 points or 0.73% at 43593.67, and the Nifty was up 118.10 points or 0.93% at 12749.20 for eight-day amid broad-based buying seen in metal, pharma and auto sector. Tata steel was the major gainer followed by Axis Bank, Bajaj Finserv, and ITC. While Reliance was the top loser followed by IndusInd Bank, Titan Company, Asian Paints and Britannia Industries. About 1326 shares have advanced, 1196 shares declined, and 168 shares are unchanged. Except for Nifty PSU Bank index, other sectoral indices ended higher. The metal and pharma rose over 3 per cent each.

Closing Bell: Sensex gains 680.22 points, Nifty at 12631.10

Closing Bell: Sensex gains 680.22 points, Nifty at 12631.10
Tuesday, November 10, 2020
At close, the Sensex was up 680.22 points or 1.60% at 43277.65, and the Nifty was up 170.10 points or 1.37% at 12631.10 on coronavirus vaccine hopes. Bajaj Finance and IndusInd Bank were top gainers followed by L&T, Bajaj Finserv and HDFC. Tech Mahindra, HCL Technologies, and Infosys were the top losers. About 1203 shares have advanced, 1457 shares declined, and 172 shares are unchanged. The BSE MidCap index ended 0.10 per cent lower while the BSE SmallCap index was down 0.48 per cent. Nifty IT was down 3.8 per cent, Nifty Pharma was down 4.3 per cent While Nifty Bank was up 3.9 per cent and Nifty Infra up 2 per cent.

MARKET UPDATE:Sensex gained 100 points at 42,700 levels and Nifty topped the 12,500-mark

MARKET UPDATE:Sensex gained 100 points at 42,700 levels and Nifty topped the 12,500-mark
Tuesday, November 10, 2020
The markets in India were trading at record high levels for the second consecutive day today(10th November 2020) after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on initial trial results. Among benchmarks, the S&P BSE Sensex gained 100 points at 42,700 levels and the Nifty50 index topped the 12,500-mark. HDFC, ICICI Bank, Larsen & Toubro, and State Bank of India were all up 2 percent each. Meanwhile, Pfizer zoomed 19 percent in early deals on the Covid vaccine-related development. The Nifty sectoral indices were mixed, with gains in the Nifty Bank index, up 1.5 percent, being offset by the Nifty IT index, down 2 percent. Five hundred and thirty-five companies including GAIL India, Mahindra & Mahindra, Hindalco Industries, and Tata Power are scheduled to announce their quarterly earnings today.

Closing Bell:Sensex jumps 704 points, Nifty at 12461.05

Closing Bell:Sensex jumps 704 points, Nifty at 12461.05
Monday, November 9, 2020
At close, the Sensex was up 704.37 points or 1.68% at 42597.43, and the Nifty was up 197.50 points or 1.61% at 12461 for the sixth consecutive session and closed at the record high levels on November 9 supported by the positive global cues.ICICI Bank, HDFC Bank, Infosys, and Reliance Industries (RIL) were the major contributors to the Sensex's pack, While ITC, Maruti Suzuki, and Bajaj Finserv were the top losers. About 1479 shares have advanced, 1155 shares declined, and 181 shares are unchanged. Bank and energy sector gained 2 per cent. Other sectoral indices ended in the green. The BSE MidCap index gained 1 per cent and the BSE SmallCap added 0.57 per cent.

MARKET UPDATE:Sensex surged over 600 points to as high as 42,534 and Nifty hit 12,445.2

MARKET UPDATE:Sensex surged over 600 points to as high as 42,534 and Nifty hit 12,445.2
Monday, November 9, 2020
The Indian benchmark indices hit their respective fresh lifetime highs after making a firm start today(9th November 2020) as clarity emerged on the US presidential polls front. Among the headline indices, the S&P BSE Sensex surged over 600 points to as high as 42,534 and the Nifty50 index hit 12,445.2, surpassing their previous record highs of 42,273.87 and 12,430.5, respectively, hit in January 2020. ICICI Bank, Infosys, HCL Tech, and Powergrid rose 2 percent each and were the top Sensex gainers. All the BSE constituents were trading in the green. The Nifty sectoral indices were also painted green, led by gains in the Nifty Bank index, up 1.6 percent. Two hundred and fifty-three companies, including Equitas Small Finance Bank, IndiaMART InterMESH, and JK Cement, are set to announce their September quarter earnings today.

Closing Bell: Sensex gains 552 points, Nifty at 12263.55

Closing Bell: Sensex gains 552 points, Nifty at 12263.55
Friday, November 6, 2020
At close, the Sensex was up 552.90 points or 1.34% at 41893.06, and the Nifty was up 143.20 points or 1.18% at 12263.50 for 5th day lifted mainly by index heavyweight Reliance Industries and financials.RIL was the top Sensex gainer, followed by NTPC, Bajaj-Auto, SBI, HDFC, M&M, ONGC, Bajaj Finsv and Maruti Suzuki. On the flip side, Tech Mahindra, Kotak Mahindra Bank, Nestle India, Infosys and TCS were among top Sensex losers. About 1478 shares have advanced, 1106 shares declined, and 186 shares are unchanged. Nifty Financials index, up 0.8 per cent. Among sectors, buying seen in the bank, energy, IT and metal sectors, while FMCG and Pharma remained under pressure. The BSE MidCap and SmallCap indexes were up 0.6 per cent, each.

MARKET UPDATE:Sensex gained 300 points at 41,650 levels and Nifty topped the 12,200-mark

MARKET UPDATE:Sensex gained 300 points at 41,650 levels and Nifty topped the 12,200-mark
Friday, November 6, 2020
The equity markets in Indian were trading firm today's(6th November 2020) early deals, up over half a percent, amid mixed global cues. The S&P BSE Sensex gained 300 points at 41,650 levels and the Nifty50 index topped the 12,200-mark. Reliance Industries was up 2 percent after the conglomerate said that Saudi Arabia’s Public Investment Fund will invest Rs 9,555 crore for a 2.04 percent equity stake in Reliance Retail. Besides, Bajaj Finserv and HDFC were also up 1 percent each. The Nifty sectoral indices were trading mixed. In the broader market, the S&P BSE MidCap and SmallCap indexes were up 0.6 percent, each. Two hundred and nineteen companies including ITC, Cipla, Ashok Leyland, and Bank of India are scheduled to declare their quarterly earnings today. Read more

Closing Bell:Sensex jumps 724 points, Nifty at 12120.30

Closing Bell:Sensex jumps 724 points, Nifty at 12120.30
Thursday, November 5, 2020
At close, the Sensex was up 724.02 points or 1.78% at 41340.16, and the Nifty was up 211.80 points or 1.78% at 12120.30 due to-the-board buying and favourable global cues as Democrat candidate Joe Biden inched closer to the win in the US Presidential Elections 2020 SBI was the top Sensex gainer followed by Tata Steel, IndusInd Bank, Bajaj Finance, Bajaj Finsv, HCL Technologies, Asian Paints, Titan Company and ITC. While losers were Hero MotoCorp and HDFC Life. Except for Nifty Realty, all the Nifty sectoral indices ended in the green, led by Nifty Metal index, up 4.40 per cent.while Bank, Energy and Infra indices rose 2 per cent each. BSE Midcap and Smallcap indices added over 1.5 per cent each.Nifty PSU Bank index, up 3 per cent

MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark

MARKET UPDATE:Sensex gained 500 points at 41,144 levels and Nifty topped the 12,000-mark
Thursday, November 5, 2020
The equity markets in India made a firm start today(5th November 2020), up over 1 percent, amid favourable global cues as Democrat candidate Joe Biden inched closer to the win in the US Presidential Elections 2020. The S&P BSE Sensex gained 500 points at 41,144 levels while the broader Nifty50 index topped the 12,000-mark for the first time since October 21, 2020. The Nifty50 index rose to above 12,050 level, the highest level in more than eight months. Among individual stocks, SBI rose over 6 percent, after the Q2 results, and was the top Sensex gainer, followed by HCL Tech (up 4 percent). Besides, other tech stocks Tech Mahindra and Infosys were also up 2 percent each. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 3 percent. The broader markets were also up, but not to the extent of the benchmarks. The S&P BSE MidCap and SmallCap indexes were both ruling 0.8 percent higher. Read more

Closing Bell:Sensen gains 355 points, Nifty at 11908.50

Closing Bell:Sensen gains 355 points, Nifty at 11908.50
Wednesday, November 4, 2020
At Close, Sensex closed 355 points, or 0.88 per cent, higher at 40,616.14 while Nifty finished 95 points, or 0.80 per cent, up at 11,908.50 ahead of the US Presidential election outcome.IndusInd Bank was the top Sensex gainer followed by Sun Pharma, Reliance Industries (RIL), Infosys, Kotak Mahindra Bank and Tech Mahindra. On the other hand, Housing Development Finance Corporation (HDFC), Power Grid Corporation of India, Axis Bank, Bharti Airtel were among top Sensex loser. Nifty Pharma index up over 2 per cent. Nifty IT index was up 1.78 per cent, followed by Nifty Auto index. The BSE MidCap index ended 0.43 per cent higher at while the BSE SmallCap index settled at 14,883, up 0.33 per cent.

MARKET UPDATE:Sensex gained 280 points to 40,530 levels and Nifty was above the 11,850-mark

MARKET UPDATE:Sensex gained 280 points to 40,530 levels and Nifty was above the 11,850-mark
Wednesday, November 4, 2020
The Indian equity markets rose over half a percent today(4th November 2020) as early trends showed Democratic candidate Joe Biden racing ahead of Republican Donald Trump in the US presidential elections. Among the headline indices, the S&P BSE Sensex gained 280 points, or 0.7 percent, to 40,530 levels and the Nifty50 index was above the 11,850-mark. Infosys, Sun Pharma, and HCL Tech (all up 3%) were the top Sensex gainers. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 2 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indices were up half a percent, each. Ninety-one companies including State Bank of India, Lupin, and Adani Enterprises, are scheduled to announce their quarterly results today. Read more

Closing Bell:Sensex gains 504 points, Nifty at 11813.50

Closing Bell:Sensex gains 504 points, Nifty at 11813.50
Tuesday, November 3, 2020
At close, the Sensex was up 503.55 points or 1.27% at 40261.13, and the Nifty was up 144.30 points or 1.24% at 11813.50 ahead of the US presidential poll outcome. State Bank of India (SBI), Power Grid Corporation of India, Housing Development Finance Corporation, Sun Pharma, IndusInd Bank and Titan Company were among other Sensex gainers. . NTPC was the top Sensex loser, followed by RIL, Nestle India, HCL Technologies, Infosys, HUL. About 1391 shares have advanced, 1215 shares declined, and 179 shares are unchanged. India VIX dropped nearly 4 per cent to 24.2 levels. Barring Nifty Media and Nifty Realty indices, all the sectoral indices ended in the positive note.BSE Midcap and Smallcap indices rose 0.3-0.4 per cent.

MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark

MARKET UPDATE:Sensex gained 400 points to 40,190 levels and Nifty testing the 11,800-mark
Tuesday, November 3, 2020
The equity markets in India were trading firm today, up over 1 percent, on the back of favourable global cues, ahead of the US presidential polls. Among the headline indices, the S&P BSE Sensex gained 400 points, or 1.1 percent, to 40,190 levels and the Nifty50 index was testing the 11,800-mark. ICICI Bank (up 4%) was the top Sensex gainer, followed by State Bank of India, IndusInd Bank, and HDFC Bank (all up 2%). NTPC also ticked up in early deals after its board approved the buyback of 197.8 million equity shares at a price of Rs 115 per unit. All the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 2 percent, which was trading at its highest level since March 13. Read more

Closing Bell:Sensex gains 143 points, Nifty at 11669.15

Closing Bell:Sensex gains 143 points, Nifty at 11669.15
Monday, November 2, 2020
At close, the Sensex was up 143.51 points or 0.36% at 39,757.58, and the Nifty was up 26.80 points or 0.23% at 11,669.20.IndusInd bank was the most top gainer followed by ICICI Bank, Axis Bank, and HDFC. Reliance Industries Ltd (RIL) was the top Sensex loser followed by HCL Technologies and TCS. About 1080 shares have advanced, 1535 shares declined, and 148 shares are unchanged. Nifty Bank index gained 4.5 per cent. The BSE MidCap index closed up 0.36 per cent while the SmallCap index tumbled 0.7 per cent. India Vix was up over 1% during the day. Among sectors Nifty Auto, Nifty IT, Nifty Media, Nifty Metal, and Nifty Pharma ended with losses while all others gained during the day.

MARKET UPDATE:Sensex dipped 90 points at 39,500 levels and the Nifty neared the 11,600-mark

MARKET UPDATE:Sensex dipped 90 points at 39,500 levels and the Nifty neared the 11,600-mark
Monday, November 2, 2020
The equity markets in India pared its early gains and slipped into the red in today's(2nd November 2020) volatile session, ahead of the Supreme Court hearing in the interest waiver case. The S&P BSE Sensex dipped 90 points at 39,500 levels and the Nifty50 index neared the 11,600-mark. ICICI Bank rose over 6 percent after announcing its September quarter results. The stock was the top Sensex gainer. Besides, IndusInd Bank was also up 3 percent. On the other hand, Reliance Industries dipped 4 percent post Q2 results. The Nifty sectoral indices were trading largely in the green, led by the Nifty Bank index, up 1.3 percent. in the broader market, the S&P BSE MidCap index was up 0.2 percent while the SmallCap index fell 0.4 percent. Equitas Small Finance Bank will debut on the bourses today after the issue price was fixed at Rs 33 per share. The Rs 518 crore public issue was subscribed to 1.95 times. Read more

Closing Bell:Sensex down 136 points, Nifty at 11642.40

Closing Bell:Sensex down 136 points, Nifty at 11642.40
Friday, October 30, 2020
At close, the Sensex was down 135.78 points or 0.34% at 39614.07, and the Nifty was down 28.40 points or 0.24% at 11642.40 due to weak global cues. HCL Technologies, Tata Steel, NTPC, ONGC and Nestle were top Sensex gainers. While Power Grid, Maruti Suzuki India, and Kotak Mahindra Bank were the top losers. About 1322 shares have advanced, 1222 shares declined, and 167 shares are unchanged. The BSE MidCap index ended 0.62 per cent higher while the BSE SmallCap index down just 0.03 per cent. India VIX, rose 3 per cent to 24.7 levels. Except auto, bank and FMCG other sectoral indices ended higher.

Closing Bell:Sensex down 172 points, Nifty at 11670.80

Closing Bell:Sensex down 172 points, Nifty at 11670.80
Thursday, October 29, 2020
At close, the Sensex was down 172.61 points or 0.43% at 39,749.85, and the Nifty was down 58.80 points or 0.50% at 11,670.80 on weak global cues. Asian Paints, UltraTech Cement, HCL Technologies, and Kotak Mahindra Bank were the top gainers on Sensex while Titan Company, Tata Motors, Adani Ports and L&T were the top drags. About 1019 shares have advanced, 1542 shares declined, and 170 shares are unchanged. Nifty IT and energy ended with gains, all other sectoral indices ended lower led by FMCG, pharma, metal and auto. BSE Smallcap index shed 0.5 per cent. India VIX gained over 3.5 per cent to 24 levels.

MARKET UPDATE:Sensex dipped 250 points to 39,630 levels and the Nifty fell below 11,650-mark

MARKET UPDATE:Sensex dipped 250 points to 39,630 levels and the Nifty fell below 11,650-mark
Thursday, October 29, 2020
The equity markets in India fell over half a percent today(29th October 2020), on weak global cues, ahead of the expiry of the October series derivative contracts. The S&P BSE Sensex dipped 250 points to 39,630 levels and the Nifty50 index fell below 11,650-mark. Larsen & Toubro slid 4 percent after announcing its September quarter results. The stock was the top Sensex loser in early deals. Besides, Titan (down 3%) and Tech Mahindra (down 2%) were the other main drags. The Nifty sectoral indices were a sea of red, with Nifty Bank, Nifty Auto, Nifty IT, and Nifty Metal all trading with over 1 percent cut. In the broader market, the S&P BSE MidCap and SmallCap indexes were down half a percent and 1 percent, respectively. Eighty -two companies including Maruti Suzuki, BPCL, Bank of Baroda, Vodafone Idea, and InterGlobe Aviation, are scheduled to declare their quarterly earnings today. Read more

MARKET UPDATE:Sensex up 80 points at 40,590 levels and the Nifty reclaimed the 11,900-mark

MARKET UPDATE:Sensex up 80 points at 40,590 levels and the Nifty reclaimed the 11,900-mark
Wednesday, October 28, 2020
The equity markets in India were trading flat with a positive bias in today's(28th October 2020) early morning deals after a volatile start. The S&P BSE Sensex was up 80 points, or 0.2 percent, at 40,590 levels and the broader Nifty50 index reclaimed the 11,900-mark. Bharti Airtel surged 10 percent after announcing its September quarter results. Besides, Mahindra & Mahindra, Axis Bank, and Reliance Industries (all up 1%) were the other top gainers. On the other hand, Kotak Mahindra Bank, HDFC, and Ultratech Cement (all down over 1%) were the top Sensex laggards. Hero MotoCorp was also up 4 percent after it announced a wide-ranging partnership with Harley-Davidson for the Indian market. The Nifty sectoral indices were mixed, with gains in the Nifty IT index, up 0.7 percent, being offset by the Nifty Financials index, down 0.6 percent. Read more

Closing Bell:Sensex gains 376 points, Nifty at 11889.40

Closing Bell:Sensex gains 376 points, Nifty at 11889.40
Tuesday, October 27, 2020
At close, the Sensex was up 376.60 points or 0.94% at 40,522.10, and the Nifty was up 121.60 points or 1.03% at 11,889.40 led by gains in financial and FMCG stocks. Kotak Mahindra Bank was the top gainer, followed by Nestle India, Asian Paints and Bajaj Finance. TCS, ONGC, Infosys were the top losers. About 1249 shares have advanced, 1354 shares declined, and 178 shares are unchanged. Nifty Private Bank index gained 3 per cent, While Nifty IT slipped 1 per cent. The BSE MidCap index gained 1.65 per cent while the BSE SmallCap index rallied 0.6 per cent. India VIX declined nearly 3 per cent to 22.19 levels. All other sectoral indices ended in the green, except Nifty IT and PSU Bank.

MARKET UPDATE: Sensex hovered around 40,050 levels, and Nifty gave up the 11,750 level

MARKET UPDATE: Sensex hovered around 40,050 levels, and Nifty gave up the 11,750 level
Tuesday, October 27, 2020
The markets in India turned flat in today's(27th October 2020) volatile start on the back of weak global cues. Among headline indices, the S&P BSE Sensex hovered around 40,050 levels, and the Nifty50 index gave up the 11,750 level. Kotak Mahindra Bank, up 5 percent, was the top Sensex gainer, followed by NTPC (up 4%) and Nestle India (up 2%). The trend among Nifty sectoral indices was largely in the red, led by the Nifty PSU Bank index, down 1.2 percent. In the broader market, the S&P BSE MidCap index was up 0.2 percent while the SmallCap index fell by 0.2 percent. Thirty-seven companies including Bharti Airtel, Tata Motors, and Amara Raja Batteries are scheduled to announce their September quarter earnings today. Read more

Closing Bell:Sensex tanks 540 points, Nifty at 11767.75

Closing Bell:Sensex tanks 540 points, Nifty at 11767.75
Monday, October 26, 2020
At close, the Sensex was down 540 points or 1.33% at 40145.50, and the Nifty was down 162.60 points or 1.36% at 11767.80 due to the board sell-off and weak global cues. Hero MotoCorp, Bajaj-Auto, Reliance and M&M were top losers in the Sensex pack. while gainers were HDFC Life, Nestle, Kotak Mahindra, IndusInd Bank and L&T.About 986 shares have advanced, 1655 shares declined, and 171 shares are unchanged. The BSE MidCap index tumbled 1.77 per cent while the BSE SmallCap index fell 0.88 per cent. Nifty Auto and Metal indices shed over 3 per cent each. On the NSE, all the sectoral indices ended in the red.

MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark

MARKET UPDATE:Sensex slipped 150 points to 40,540 levels and the Nifty slipped below the 11,900-mark
Monday, October 26, 2020
The Indian benchmark indices dipped slightly in today's(26th October 2020) early deals, tracking mixed cues in other Asian markets. The S&P BSE Sensex slipped 150 points, or 0.36 percent, to 40,540 levels and the Nifty50 index slipped below the 11,900-mark. Tech Mahindra (down 2%) and Reliance Industries (down 1%) were the top Sensex drags. On the other hand, IndusInd Bank gained 4 percent on a report that Kotak Mahindra Bank was exploring an all-stock takeover of the bank. Meanwhile, Nestle India rose as high as 2 percent after the announcement of its September quarter results. The trend among the Nifty sectoral indices was largely negative, with the Nifty Metal index, down 1 percent leading the list. In the broader market, the S&P BSE Sensex slipped 0.14 percent while the S&P BSE SmallCap index gained 0.3 percent. Read more

MARKET UPDATE:Sensex rose 140 pointsto 40,700 levels and the Nifty testing 12,000-mark

MARKET UPDATE:Sensex rose 140 pointsto 40,700 levels and the Nifty testing 12,000-mark
Friday, October 23, 2020
The markets in India advanced close to half a percent in today's(23rd October 2020) early deals, in line with the overnight gains in the main Wall Street indices. The S&P BSE Sensex rose 140 points, or 0.35 percent, to 40,700 levels and the Nifty50 index was testing the psychological mark of 12,000. Tata Steel (up 2%), ICICI Bank, HDFC Bank, and Bharti Airtel (all up 1%) were the top Sensex gainers. Meanwhile, SBI Cards plunged 10 percent after announcing its September quarter results. All the Nifty sectoral indices were trading higher, led by the Nifty Bank index, up 1 percent. The broader market tracked the gains in the headline indices, with the S&P BSE MidCap and SmallCap indices trading half a percent higher, each. Tech Mahindra, Nestle India, Yes Bank, and ICICI Lombard General Insurance Company are among the 38 companies set to announce quarterly earnings today. Read more

Closing Bell: Sensex down 148 points, Nifty at 11896.45

Closing Bell: Sensex down 148 points, Nifty at 11896.45
Thursday, October 22, 2020
At close, the Sensex was down 148.82 points or 0.37% at 40558.49, and the Nifty was down 41.20 points or 0.35% at 11896.50 dragged by banks, pharma, and tech stocks. NTPC was the top Sensex gainer, followed by Bharti Airtel, Bajaj Finance, Tata Steel, Axis Bank, ONGC, ITC and HUL. On the flip side, IndusInd Bank was the top loser, followed by ICICI Bank, Titan Company, Infosys, HDFC Bank, Reliance Industries, Maruti Suzuki. About 1412 shares have advanced, 1188 shares declined, and 159 shares are unchanged. Nifty Pharma index was the top sectoral loser down 1 per cent. The BSE MidCap and SmallCap indices were trading flat with a positive bias.IT and bank ended in the red while buying witnessed in the energy, metal and infra sectors.

MARKET UPDATE:Sensex fell 116 points to 40,590 levels and Nifty hovered around 11,900-mark

MARKET UPDATE:Sensex fell 116 points to 40,590 levels and Nifty hovered around 11,900-mark
Thursday, October 22, 2020
The benchmark indices in India were trading with marginal cuts today(22nd October 2020), on the back of weak global cues. Among the headline indices, the S&P BSE Sensex fell 116 points to 40,590 levels and the Nifty50 index hovered around 11,900-mark. ICICI Bank, PowerGrid, and Asian Paints (all down 1%) were the top Sensex laggards. On the other hand, Bajaj Finserv gained 2 percent after the announcement of its September quarter results. Meanwhile, Vedanta rose 5 percent after announcing that the company's board of directors will meet on October 24 to consider interim dividend. The Nifty sectoral indices were largely in the red, with the Nifty Pharma index, down 1 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.2 percent higher, each. Forty-eight companies including Asian Paints, Bajaj Auto, Bharti Infratel, and SBI Cards are set to announce their quarterly earnings today. Read more

Closing Bell:Sensex gains 162 points, Nifty at 11937.65

Closing Bell:Sensex gains 162 points, Nifty at 11937.65
Wednesday, October 21, 2020
At close, the Sensex was up 162.94 points or 0.40% at 40707.31, and the Nifty was up 40.90 points or 0.34% at 11937.70 for the fourth day. PowerGrid, Bharti Airtel, Hindalco, GAIL and Tata Steel are the top gainers in the Sensex pack, While losers include Britannia, TCS, SBI Life Insurance, Hero MotoCorp and HDFC Life. About 1354 shares have advanced, 1269 shares declined, and 165 shares are unchanged. The BSE MidCap index gained 33 points or 0.23 per cent. While, the BSE SmallCap index closed at 14,900, up just 5 points. Nifty Auto, Nifty FMCG, Nifty IT and Nifty Media indices ending the day in the red. On the flip side, Nifty Metal index gained 2.23 per cent followed by the bank, infra and energy indices.

Closing Bell:Sensex gains 112 points, Nifty at 11896.80

Closing Bell:Sensex gains 112 points, Nifty at 11896.80
Tuesday, October 20, 2020
At close, the Sensex was up 112.77 points or 0.28% at 40544.37, and the Nifty was up 23.80 points or 0.20% at 11896.80. IndusInd Bank, Reliance Industries, HCL Tech, LT, Tech Mahindra, Asian Paints and Hindustan Unilever were top Sensex gainers. While losers included Britannia Industries, ONGC, GAIL, IOC and UPL.About 1344 shares have advanced, 1299 shares declined, and 157 shares are unchanged. Nifty IT gained nearly 1.5 per cent followed by Pharma and auto, while Nifty PSU Bank slipped around 1.5 per cent. The BSE MidCap index ended 0.47 per cent higher at 14,775 levels while the BSE SmallCap index ended at 14,896, up 0.3 per cent. Energy, FMCG, metal and PSU bank indices closed in the red.

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

Major factors behind today's stock market rally

Major factors behind today's stock market rally
Monday, October 19, 2020
Today( 19th Oct 2020) almost all Sensex stocks opened higher on as investors went all out to buy amid renewed hopes of an early economic stimulus package from the US and a vaccine by year-end. In the last 12 sessions, bluechip indices have closed in the red for just one session, which outlines the one-way rally the the market has seen. HDFC twins were the biggest positive contributors during the first hours of the day. PSU stocks also saw some buying and were among the top gainers. "Nifty has good support at 11,650 and until we do not break that, we are in positive territory. The resistance on the the upside is at 12,050. If we are unable to move past either level convincingly, we would be range-bound and trading in this zone should be avoided. Stocks that look interesting for an up move include Axis Bank, HDFC Bank, and Tata Steel," experts opinied.Some of the key factors for the rally are Read more

Closing Bell:Sensex gains 448 points, Nifty at 11873.05

Closing Bell:Sensex gains 448 points, Nifty at 11873.05
Monday, October 19, 2020
At close, the Sensex was up 448.62 points or 1.12% at 40431.60, and the Nifty was up 110.50 points or 0.94% at 11873 for the second straight day on Monday, mainly lifted by bank stocks. ICICI Bank was the top Sensex gainer, followed by Axis Bank, Nestle India, State Bank of India (SBI), HDFC, IndusInd Bank and HUL.On the contrary, Bajaj Auto and TCS were the top Sensex loser. Tech Mahindra, Sun Pharma, Maruti Suzuki and Infosys were among other Sensex losers. About 1470 shares have advanced, 1150 shares declined, and 148 shares are unchanged. Nifty PSU Bank index was top sectoral gainer, up 4.17 per cent, While Nifty Pharma index fell 1.67 per cent.BSE MidCap index up 0.58 per cent while the BSE SmallCap index up 0.43 per cent. Among sectors, except pharma, IT and auto other indices ended in the green

MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark

MARKET UPDATE:Sensex up by 350 points to 40,330 levels and Nifty topped the 11,850-mark
Monday, October 19, 2020
The Indian equity markets started today (19th October 2020) on a strong footing, with the benchmark indices rising nearly one percent, amid positive cues from Asian indices. Among headline indices, the S&P BSE Sensex gained 350 points, or 0.88 percent, to 40,330 levels and the Nifty50 index topped the 11,850-mark. HDFC Bank rose as much as 3 percent after reporting a healthy set of September quarter results. Besides, ONGC (up 4%), ICICI Bank, and HDFC (both up 2%) were the other top Sensex gainers. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Financial Service index, up 1.3 percent In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 and 0.5 percent higher, each. Twenty-one companies including ACC, Britannia Industries, and HDFC Life are set to report their quarterly earnings today.

Closing Bell:Sensex gains 254 points, Nifty at 11762.45

Closing Bell:Sensex gains 254 points, Nifty at 11762.45
Friday, October 16, 2020
At close, the Sensex was up 254.57 points or 0.64% at 39982.98, and the Nifty was up 82.10 points or 0.70% at 11762.50 on healthy buying in the financial counters. Tata Steel was the top Sensex gainer, followed by HDFC Bank, UltraTech Cement, Power Grid Corporation of India, ONGC, Kotak Mahindra Bank and Infosys. On the other side, HCL Tech shares were the top loser, followed by M&M, Reliance Industries (RIL), Asian Paints and Sun Pharma. About 1459 shares have advanced, 1135 shares declined, and 171 shares are unchanged. Barring Nifty IT and Nifty Media indices, all the sectoral indices ended in the positive territory today. Nifty Bank index too gained 2 per cent.BSE Midcap and Smallcap indices rose 1 per cent each. India VIX declined nearly 2 per cent to 21.64 levels.

MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark

MARKET UPDATE:Sensex rose 350 points to 40,080 levels and Nifty reclaimed the 11,750-mark
Friday, October 16, 2020
Markets in India were steady and trading nearly a percent higher today morning(16th October 2020). Among headline indices, the S&P BSE Sensex rose 350 points, or 0.9 percent, to 40,080 levels and the Nifty50 index reclaimed the 11,750-mark. IndusInd Bank and Infosys (up 2% each) were the top Sensex gainers, followed by Tata Steel and HDFC Bank (both up 1%). Meanwhile, HCL Tech slipped over 4 percent after the announcement of its September quarter results. All the Nifty sectoral indices were trading in the green, led by Nifty IT and Nifty Bank indexes, both up 1 percent, each. In the broader market, the S&P BSE MidCap and SmallCap indices were both up half a percent, each. Six companies, including Bajaj Consumer Care, and Federal Bank are scheduled to announce their quarterly earnings today.

Closing Bell:Sensex down1066 points, Nifty at 11680.35

Closing Bell:Sensex down1066 points, Nifty at 11680.35
Thursday, October 15, 2020
At close, the Sensex was down 1,066.33 points or 2.61% at 39728.41, and the Nifty was down 290.60 points or 2.43% at 11680.40 as governments across Europe tightened restrictions to battle an accelerating second wave of Covid-19 infections. Asian Paints, Coal India Hero MotoCorp and JSW Steel were among major gainers on the Nifty, while losers were Bajaj Finance, Tech Mahindra, IndusInd Bank, ICICI Bank and SBI. About 802 shares have advanced, 1797 shares declined, and 145 shares are unchanged. The volatility index jumped over 9 per cent to 22.05 levels. BSE MidCap index slipped 1.75 per cent and the BSE SmallCap index fell 1.45 per cent.

MARKET UPDATE:Sensex down 90 points around 40,700 levels and Nifty hovered around 11,950

MARKET UPDATE:Sensex down 90 points around 40,700 levels and Nifty hovered around 11,950
Thursday, October 15, 2020
The benchmark indices in India were trading lower today(15th October 2020) after quickly giving up the opening gains. The S&P BSE Sensex was trading around 40,700 levels, down 90 points, and the Nifty50 hovered around 11,950. Infosys gained 4 percent after delivering a healthy set of numbers in the second quarter of FY21. Besides, Tata Steel (up 2%), ONGC, and NTPC (both up 1%) were the other top Sensex gainers. The trend among the Nifty sectoral indices was mixed, with the Nifty Bank index, down 0.7 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indices were both up 0.2 percent, each. Oil and gas pipeline infrastructure service provider Likhitha Infrastructure will list its shares on bourses today, with the final issue price fixed at Rs 120 per share. Overall, the issue was subscribed to 9.51 times, and analysts expect the issue to see a muted listing. Read more

Chasing market momentum has pitfalls

Chasing market momentum has pitfalls
Wednesday, October 14, 2020
Trying to chase market momentum many a time, end up burning your fingers. That is exactly what has just happened to small investors in at least nine BSE500 stocks. Retail investors, defined as those investing up to Rs 2 lakh in the shares in a company, bought so much into those nine companies during the September quarter that their combined stake in them rose by 200-700 basis points in three months. A 28-115 percent rally on such of these stocks in the June quarter seems to have drawn the investors to these counters. None of the stocks has delivered positive returns since June 30. Data showed small retail investors hiked stakes in Indiabulls Housing Finance by 432 basis points to 16.02 percent in September quarter from 11.7 percent in June quarter, following a 115 percent rally on the stock in June quarter. But the stock is down 27 percent since then. Read more

Closing Bell:Sensex gains 169.23 points, Nifty at 11971.05

Closing Bell:Sensex gains 169.23 points, Nifty at 11971.05
Wednesday, October 14, 2020
At Close, the Sensex was up 169.23 points or 0.42% at 40794.74, and the Nifty was up 36.50 points or 0.31% at 11971 for the 10th straight day. Bajaj Finserv and Bajaj Finance were the top index gainers, followed by ICICI Bank, IndusInd Bank, and Tata Steel. On the other hand, NTPC, ONGC, and Tech Mahindra were the top losers. About 1202 shares have advanced, 1439 shares declined, and 160 shares are unchanged. India VIX slipped nearly 2.5 per cent to 20.21 levels. Among sectors, except the bank, FMCG and metal other indices ended in the red. BSE Smallcap Index ended marginally lower and Midcap index gained 0.5 per cent.

MARKET UPDATE:Sensex dipped 100 points to 40,520 levels and the Nifty hovered around 11,900 levels

MARKET UPDATE:Sensex dipped 100 points to 40,520 levels and the Nifty hovered around 11,900 levels
Wednesday, October 14, 2020
The markets in India were trading with slight cuts on today(14th October 2020), in line with the trend in Asian indices, ahead of the Supreme Court hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among the headline indices, the S&P BSE Sensex dipped 100 points to 40,520 levels and the Nifty50 index hovered around 11,900 levels. ONGC, PowerGrid, NTPC, and IndusInd Bank (all down 1 percent) were the top Sensex laggards. On the other hand, Tata Steel gained 1 percent. Wipro slipped 5 percent despite improving its performance in the second quarter of FY21 on several parameters. Karnataka Bank, on the other hand, rose 5 percent after announcing its September quarter results. Sixteen companies including Infosys, Tata Elxsi, and Den Networks are scheduled to declare their September quarter earnings today. Infosys is expected to report a strong set of numbers for the quarter, mainly led by the ramp-up of large deal wins.

Closing Bell:Sensex gains 32 points, Nifty at 11934.50

Closing Bell:Sensex gains 32 points, Nifty at 11934.50
Tuesday, October 13, 2020
At close, the Sensex was up 31.71 points or 0.08% at 40625.51, and the Nifty was up 3.50 points or 0.03% at 11934.50. IT majors HCL Tech and Infosys were the top index gainers followed by Kotak Mahindra Bank and Reliance Industries Limited. Titan, Sun Pharma, and ICICI Bank, SBI and Bajaj Finance were the top losers. About 1129 shares have advanced, 1459 shares declined, and 177 shares are unchanged. Nifty PSU Bank index, down 1.4 per cent. On the sectoral front, buying seen in the energy, IT, metal, while selling witnessed in the auto, bank, FMCG and pharma indices.

MARKET UPDATE:Sensex down 30 points around 40,550 levels and Nifty hovered around 11,900-mark

MARKET UPDATE:Sensex down 30 points around 40,550 levels and Nifty hovered around 11,900-mark
Tuesday, October 13, 2020
The markets in India were trading flat with a negative bias today(13th October 2020) ahead of the Supreme Court's hearing on a batch of petitions seeking a waiver of interest on loans during the moratorium period. Among headline indices, the S&P BSE Sensex was trading around 40,550 levels, down 30 points, and the Nifty50 index hovered around 11,900-mark. ICICI Bank, IndusInd Bank, and Axis Bank (all down 1%) were the top Sensex laggards. On the other hand, Bharti Airtel gained 2 percent after Trai's released the subscription data for July. Ultratech Cement and Tata Steel were also up 1 percent each. The trend among Nifty sectoral indices was mixed, with the Nifty Private Bank index, down 0.9 percent, leading the list of losers. Read more

Closing Bell:Sensex gains 84 points, Nifty at 11930.95

Closing Bell:Sensex gains 84 points, Nifty at 11930.95
Monday, October 12, 2020
At close, the Sensex was up 84.31 points or 0.21% at 40593.80, and the Nifty was up 16.80 points or 0.14% at 11931 for 8th straight day. ITC, State Bank of India, and Power Grid were the top Sensex gainers. While Tata Steel, ONGC, HDFC Bank, Bharti Airtel and Titan were top losers. About 927 shares have advanced, 1713 shares declined, and 184 shares are unchanged. Among sectors, except IT and pharma other sectoral indices ended in the red.BSE Midcap was trading with losses while BSE Smallcap was trading flat with a positive bias.

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

BSE listed companies' market-cap hits record high

BSE listed companies' market-cap hits record high
Friday, October 9, 2020
The total market capitalisation of BSE-listed companies touched a new high of Rs 160.68 trillion today(9th Oct.2020), led by RIL, information technology (IT), and pharmaceutical stocks. Investor wealth of BSE-listed firms, measured by market capitalisation (m-cap), saw a previous record high of Rs 160.57 trillion, scaled on January 17, 2020. At 02:40 pm, the benchmark S&P BSE Sensex traded at 40,526 points. The index is just 4 percent away from its all-time high level of 42,273.87, touched on January 20, 2020. The S&P BS Sensex, however, ended the day at 40,509 levels - up 327 points, 0.8 percent. On the other hand, the S&P BSE Midcap and the S&P BSE Smallcap index are over 20 percent away from their respective record high levels hit during January 2018.

Closing Bell:Sensex gains 326 points, Nifty at 11914.20

Closing Bell:Sensex gains 326 points, Nifty at 11914.20
Friday, October 9, 2020
At close, the Sensex was up 326.82 points or 0.81% at 40509.49, and the Nifty was up 79.60 points or 0.67% at 11914.20 for the seventh-day post-RBI MPC meet. Axis Bank, State Bank of India, HDFC Bank, L&T, ONGC and IndusInd Bank were among other gainers. On the flip side, Sun Pharma, Asian Paint, Nestle India, UltraTech Cement, Tata Steel were top Sensex losers. About 1216 shares have advanced, 1426 shares declined, and 164 shares are unchanged. Nifty PSU Bank index jumped over 3 per cent, followed by Nifty Financial Services and Nifty IT indices. Among sectors, bank, infra, IT indices ended in the green, while selling witnessed in the FMCG, auto, metal and pharma indices.

MARKET UPDATE:Sensex dipped 50 points to 40,140 levels and the hovered around 11,850-mark

MARKET UPDATE:Sensex dipped 50 points to 40,140 levels and the hovered around 11,850-mark
Friday, October 9, 2020
In Indian markets, the benchmark indices fluctuated between gains and losses today(9th Oct.2020) as RBI Governor Shaktikanta Das began the monetary policy address. The S&P BSE Sensex dipped 50 points to 40,140 levels after earlier rising to 40,320 levels. The Nifty50 index, meanwhile, hovered around 11,850-mark. Tata Steel (up 2%), Bharti Airtel, Larsen & Toubro, and Mahindra & Mahindra (all up 1%) were the top Sensex gainers. On the other hand, TCS and Reliance Industries slipped 0.7 percent, each. Besides, Lakshmi Vilas Bank surged 15 percent after the bank received an indicative non-binding offer from the Clix Group. The Nifty sectoral indices were trading largely in the green, led by the Nifty Metal index, up 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.3 percent, each. Five companies including Rashtriya Chemicals & Fertilizers, and Steel Strips Wheels are scheduled to announce their quarterly earnings today.

Closing Bell: Sensex jumps over 304 points for the 6th Day, Nifty closes at 11834.60

Closing Bell: Sensex jumps over 304 points for the 6th Day, Nifty closes at 11834.60
Thursday, October 8, 2020
At close, the Sensex was up 303.72 points or 0.76% at 40182.67, and the Nifty was up 95.70 points or 0.82% at 11834.60. Tata Consultancy Services was top Sensex gainer, followed by HCL Tech, Infosys, Tech Mahindra, HDFC Bank, UltraTech Cement, Bharti Airtel, SBI, Sun Pharma, Tata Steel and HUL.On the flip side, ONGC was top Sensex loser, followed by Reliance Industries Ltd (RIL), Asian Paints, ITC, Bajaj Auto, Power Grid Corporation of India and Titan Company. About 1215 shares have advanced, 1419 shares declined, and 159 shares are unchanged. Nifty IT index, up 4 per cent followed by the pharma and bank, while selling seen in the energy and FMCG stocks. The S&P BSE MidCap and SmallCap index were both trading half a per cent higher.

MARKET UPDATE:Sensex up 400 points to 40,300 levels and the Nifty testing the 11,850-mark

MARKET UPDATE:Sensex up 400 points to 40,300 levels and the Nifty testing the 11,850-mark
Thursday, October 8, 2020
The markets in India started today's(8th October 2020) session on a strong footing, up 1 per cent, with major contribution from IT stocks. The S&P BSE Sensex was up 400 points to 40,300 levels and the Nifty50 index was testing the 11,850-mark. TCS gained 4 per cent after exceeding analysts' expectations on all fronts in its September quarter earnings. Wipro was also up 4 per cent after announcing that it will consider share buyback programme. Besides, Infosys and Tech Mahindra also gained 3 per cent and 2 per cent each, respectively. All the Nifty sectoral indices were trading in the green, led by Nifty IT index, up 3 per cent. In the broader market, the S&P BSE MidCap and SmallCap index were both trading half a per cent higher. seven companies including 5paisa Capital, GM Breweries, and Prabhat Dairy are scheduled to announce their September quarter earnings today.

Closing Bell:Sensex gains 304 points for 5th day, Nifty at 11738.85

Closing Bell:Sensex gains 304 points for 5th day, Nifty at 11738.85
Wednesday, October 7, 2020
At close, the Sensex was up 304.38 points or 0.77% at 39,878.95, and the Nifty was up 76.50 points or 0.66% at 11,738.90. Top BSE Sensex gainers include ONGC, Maruti Suzuki, Reliance Industries Ltd, Hindustan Unilever, TCS, Nestle India, Titan Company, Bajaj-Auto. Bajaj Finance was the top loser, followed by Bajaj Finsv, IndusInd Bank, Kotak Mahindra Bank, ICICI Bank, HDFC, Axis Bank and SBI. About 1040 shares have advanced, 1584 shares declined, and 200 shares are unchanged. Nifty Financial Services index was down 0.84 per cent, Nifty Private Bank index fell 0.80 per cent while the Nifty Metal index dropped half a per cent. While Nifty FMCG index was up 0.75 per cent.BSE Midcap and Smallcap indices ended lower. On the sectoral front, auto, infra, IT and FMCG indices ended in the green, while selling witnessed in the metal, pharma and energy sectors.

MARKET UPDATE:Sensex dipped 80 points at 39,500 levels and the Nifty hovered below the 11,650-mark

MARKET UPDATE:Sensex dipped 80 points at 39,500 levels and the Nifty hovered below the 11,650-mark
Wednesday, October 7, 2020
The markets in India opened flat with a negative bias today(7th October 2020), amid mixed cues from other Asian markets. Among the headline indices, the S&P BSE Sensex dipped 80 points at 39,500 levels and the Nifty50 index hovered below the 11,650-mark. Bajaj Finance dipped 3 percent and was the top Sensex drag after it gave a business update for the quarter ended September 2020. Besides, IndusInd Bank and Bajaj Finserv also slipped 2 percent each. On the other hand, Reliance Industries gained 1 percent after announcing that the Abu Dhabi Investment Authority would invest Rs 5,512 crore into Reliance Retail Ventures for a 1.2-per cent stake. TCS was also trading 1 percent higher ahead of its September quarter results announcement. The trend among Nifty sectoral indices was largely negative, led by the Nifty Private Bank index, down 1 percent. Read more

Closing Bell: Sensex gains 600 points, Nifty at 11662.40

Closing Bell: Sensex gains 600 points, Nifty at 11662.40
Tuesday, October 6, 2020
At close, the Sensex was up 600.87 points or 1.54% at 39574.57, and the Nifty was up 159 points or 1.38% at 11662.40 lifted mainly by bank and auto stocks.HDFC was the top Sensex gainer, followed by IndusInd Bank, M&M, HDFC Bank, Asian Paints, Bajaj Finance and ICICI Bank. Tata Steel shares fell the most, followed by Nestle India, L&T, NTPC, Bharti Airtel, Reliance Industries (RIL) and Infosys. About 1488 shares have advanced, 1165 shares declined, and 159 shares are unchanged. Nifty Bank index gained 2.01 per cent and Nifty Financial Services was up 2.80 per cent. The BSE MidCap gained 0.70 per cent, while the BSE SmallCap index was up 0.60 per cent. Barring Nifty FMCG index, Nifty Metal index, pharma and energy all the sectoral indices were trading in positive territory.

MARKET UPDATE:Sensex gained 300 points to 39,270 levels and the Nifty reclaimed the 11,600 mark

MARKET UPDATE:Sensex gained 300 points to 39,270 levels and the Nifty reclaimed the 11,600 mark
Tuesday, October 6, 2020
Markets in India rose over half a percent in today's(6th October 2020) early deals, on firm global cues. The S&P BSE Sensex gained 300 points to 39,270 levels and the Nifty50 index reclaimed the 11,600 marks. HDFC and IndusInd Bank gained 5 percent and 3 percent, respectively, after posting business updates. Meanwhile, Tata Motors also ticked up 3 percent as Jaguar Land Rover reported a 50 percent growth in September quarter sales at 1.13 lakh vehicles on a sequential basis. Britannia Industries gained 1 percent after its board has approved a bonus debenture issue and dividend. The trend among Nifty sectoral indices was largely positive, led by the Nifty Bank index, up 1.5 percent. In the broader market, the S&P MidCap and SmallCap indexes were trading 0.7 percent and 0.6 percent higher, respectively.

TCS becomes second Indian firm with Rs.10 lakh crore market cap after Reliance

TCS becomes second Indian firm with Rs.10 lakh crore market cap after Reliance
Monday, October 5, 2020
Tata Consultancy Services on Monday became the only second listed Indian firm after Reliance to reach the Rs 10 lakh crore market capitalization. Shares of Tata Consultancy Services rallied 7 per cent to Rs 2,706 on the BSE in the early morning trade on Monday after the company said it will consider a buyback on Wednesday, October 7, 2020. ICICI Securities believes that TCS has the potential to do a buyback of Rs 20,000 crore, which is around 2 per cent of its market capitalisation. Following the rally in its share price, the company’s market valuation jumped to Rs 10.16 lakh before the trade close.TCS is the second most-valuable domestic firm in terms of market capitalisation. Meanwhile, Reliance Industries Limited is the first Indian film to have crossed the Rs 10 lakh crore market valuation mark. Its market valuation is currently at Rs 15,02,355.71 crore – the highest for any listed company in the country. Read more

Closing Bell:Sensex gains 276 points, Nifty at 11503.35

Closing Bell:Sensex gains 276 points, Nifty at 11503.35
Monday, October 5, 2020
At close, the Sensex was up 276.65 points or 0.71% at 38973.70, and the Nifty was up 86.40 points or 0.76% at 11503.40 mainly lifted by information technology (IT) stocks and private sector lenders such as HDFC Bank, and ICICI Bank. TCS was the top Sensex gainer, followed by Tata Steel, Sun Pharma, Infosys, Tech Mahindra and IndusInd Bank. On the flip side, Bajaj Finserv, Bajaj Finance, Bharti Airtel, ITC, Power Grid Corporation of India, RIL and Bajaj-Auto were the top Sensex losers. About 1461 shares have advanced, 1213 shares declined, and 173 shares are unchanged. the volatility index, India VIX, shot up 7.67 per cent. Nifty IT index, up 3.47 per cent. Buying witnessed in the IT, metal, pharma, FMCG and banking stocks, while infra and energy indices ended in the red.

MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark

MARKET UPDATE:Sensex gained 400 points to 39,140 levels and the Nifty topped the 11,500-mark
Monday, October 5, 2020
The markets in India were trading firm, in line with Asian indices, today(5th Oct.2020) on reports that US President Donald Trump could return to the White House today after responding well to Covid-19 treatment. Among headline indices, the S&P BSE Sensex gained 400 points, 1 percent, to 39,140 levels and the Nifty50 index topped the 11,500-mark. TCS and IndusInd Bank (up 5%) were the top Sensex gainers. The trend among Nifty sectoral indices was positive, led by the Nifty IT index, up 1.7 percent. Meanwhile, the volatility index, India VIX, shot up 6 percent. Meanwhile, in the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. One of the largest retail broking houses, Angel Broking, will debut at the bourses today. The issue price is fixed at Rs 306 per share, the higher end of the price band. The IPO was oversubscribed nearly four times.

Closing Bell:Sensex gains 629 points, Nifty at 11416.95

Closing Bell:Sensex gains 629 points, Nifty at 11416.95
Thursday, October 1, 2020
At Close, Sensex closed 629 points or 1.65 per cent, higher at 38,697.05 and Nifty ended 169 points, or 1.51 per cent, up at 11,416.95 endings near the day’s high amid across-the-board buying. IndusInd Bank shares jumped 12.5% followed by Bajaj Finance, Axis Bank, ICICI Bank, and Tech Mahindra. Only ITC, NTPC, Reliance, Titan, and ONGC ending the day in red with marginal losses. The volatility index, India VIX, slipped nearly 6.5 per cent to 18.27 levels. BSE Midcap index closed 0.73 per cent up while the BSE Smallcap index settled 0.69 per cent up. Among the sectoral indices, BSE Energy and Consumer Durables ended with mild losses. BSE Bankex index jumped almost 4 per cent while Finance rose over 3 per cent.

MARKET UPDATE:Sensex rose 400 points to 38,500 levels, and the Nifty topped the 11,350-mark

MARKET UPDATE:Sensex rose 400 points to 38,500 levels, and the Nifty topped the 11,350-mark
Thursday, October 1, 2020
The markets in India shot up 1 percent today(1st October 2020), on the back of favourable global cues. Among headline indices, the S&P BSE Sensex rose 400 points to 38,500 levels, and the Nifty50 index topped the 11,350-mark. Bajaj Auto and IndusInd Bank (up 3%) were the top Sensex gainers, followed by Bajaj Finance, Axis Bank, and Bajaj Finserv (all up 2%). Reliance Industries gained 1 percent after the company announced that US private equity firm Silver Lake Partners will invest an additional Rs 1,875 crore in Reliance Retail. PVR and Inox Leisure zoomed 15 and 17 percent, respectively, after the central government allowed the reopening of cinema halls, theatres, and multiplexes with effect from October 15 with a maximum of 50 percent capacity. Besides, ONGC and Oil India dipped 3 percent each after the government cut natural gas prices cut by 25 percent. Read more

Closing Bell:Sensex gains 94 points, Nifty at 11247.55

Closing Bell:Sensex gains 94 points, Nifty at 11247.55
Wednesday, September 30, 2020
At close, the Sensex was up 94.71 points or 0.25% at 38067.93, and the Nifty was up 25.10 points or 0.22% at 11247.50 lifted mainly by FMCG and pharma stocks. Nestle India, Titan Company, Tech Mahindra, and Asian paints were top gainers. Tata Steel, BPCL, Bharti Airtel, IndusInd Bank and Power Grid were the worst performing Sensex constituents. About 1196 shares have advanced, 1370 shares declined, and 151 shares are unchanged. The Nifty FMCG index, up over 1 per cent. The S&P BSE MidCap and SmallCap indexes ended 0.05 per cent and 0.04 per cent higher, respectively. The mixed trend seen among the sectoral indices with FMCG, IT and pharma ended in the green, while metal, energy and infra sectors finished lower. Volatility slipped 0.42% during the day.

Closing Bell:Sensex ends flat amid high volatility, Nifty at 11222.40

Closing Bell:Sensex ends flat amid high volatility, Nifty at 11222.40
Tuesday, September 29, 2020
At close, the Sensex was down 8.41 points or 0.02% at 37,973.22, and the Nifty was down 5.10 points or 0.05% at 11,222.40 after fluctuating between gains and losses. Ultratech Cement was the top gainer followed by TCS, JSW Steel, Hero MotoCorp and Tata Steel. While losers included ONGC, IndusInd Bank, UPL, Power Grid Corp and Axis Bank. Nifty PSU Bank index, down 2 per cent. About 1170 shares have advanced, 1406 shares declined, and 168 shares are unchanged. Buying witnesses in the metal, IT and auto sectors, while the bank, FMCG, infra, pharma and energy indices ended in the red. The S&P BSE MidCap index up 0.12 per cent while the S&P BSE SmallCap down 0.02 per cent.

MARKET UPDATE:Sensex 90 points higher at 38,069 levels and the Nifty hovering around 11,250-mark

MARKET UPDATE:Sensex 90 points higher at 38,069 levels and the Nifty hovering around 11,250-mark
Tuesday, September 29, 2020
The markets in India were trading flat with a positive bias today(29th Sept.2020), on the back of firm cues from the main Wall Street indices. The S&P BSE Sensex was trading nearly 90 points higher at 38,069 levels and the Nifty50 index was hovering around the 11,250-mark. TCS, Asian Paints, Maruti Suzuki, and Bajaj Auto (all up 1%) were the top Sensex gainers. On the other hand, Powergrid dipped 1 percent in early deals. In the broader market, the S&P BSE MidCap index was trading at 14,738.75, up 0.12 percent while the S&P BSE SmallCap was trading at 14,860, down 0.02 percent.

Beware! time bomb ticking in stock markets:Jim Rogers

Beware! time bomb ticking in stock markets:Jim Rogers
Monday, September 28, 2020
The next decade is going to be tough for global investors, Legendary investor Jim Rogers believes. In an interaction with ETNOW, he said the worst of his lifetime is yet to come, which will take a huge toll on many of the hyped-up stocks. Commenting on the ongoing trend, where expensive stocks are getting more expensive and cheap ones are getting cheaper, he said this always happens towards the end of a bull market, as people think they are safe, and thereafter, you have a blow-off in the market. “That is what happens now. This is a sign that this bull market is getting very old. Several hyped-up stocks are likely to crash when the next bear market comes,” he said. Read more

Closing Bell:Sensex gains 593 points, Nifty at 11227.55

Closing Bell:Sensex gains 593 points, Nifty at 11227.55
Monday, September 28, 2020
At close, the Sensex was up 592.97 points or 1.59% at 37981.63, and the Nifty was up 177.20 points or 1.60% at 11227.50 amid broad-based buying. IndusInd Bank was the top Sensex gainer, followed by Bajaj Finance, Axis Bank, Power Grid Corporation of India, ONGC, ICICI Bank and Sun Pharma. On the flip side, HUL, Infosys and Nestle India were the losers on the Sensex pack. About 1888 shares have advanced, 763 shares declined, and 158 shares are unchanged. Nifty Media index was the top sectoral gainer, up 4.77 per cent. Nifty Bank index jumped 3.26 per cent while the Nifty FMCG index gained 0.85 per cent. On the sectoral front, all the Nifty sectoral indices ended in the green. BSE Midcap and Smallcap indices rose over 2 per cent each.

MARKET UPDATE:Sensex rose 350 points to 37,740 levels and Nifty topped the 11,100-mark

MARKET UPDATE:Sensex rose 350 points to 37,740 levels and Nifty topped the 11,100-mark
Monday, September 28, 2020
The equity markets in India gained nearly one per cent today(28th Sept.2020), tracking positive cues from other Asian markets, ahead of the Supreme Court hearing in the loan moratorium and interest waiver case. Among headline indices, the S&P BSE Sensex rose 350 points to 37,740 levels and the Nifty50 index topped the 11,100-mark. ONGC (up 4%) was the top Sensex gainer, followed by Bajaj Finance (up 3%), NTPC, Axis Bank, and Larsen & Toubro (all up 2%). Meanwhile, Lakshmi Vilas Bank slipped 5 percent after a large section of the bank's shareholders voted against the reappointment of the managing director and chief executive, as well as seven directors and auditors, at the recent AGM. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1.8 percent. The broader indices, meanwhile, outperformed the benchmark indices, with the S&P BSE MidCap and SmallCap indexes trading over 1 per cent higher, each.

Advanced Enzyme stock gains 33% in 2 days as Nalanda India picks up stake

Advanced Enzyme stock gains 33% in 2 days as Nalanda India picks up stake
Friday, September 25, 2020
Shares of agricultural products company Advanced Enzyme Technologies rallied 13 per cent to Rs 317 on the National Stock Exchange (NSE) in the early morning trade on Friday touching new 52 weeks high and surging over 33 per cent in the last 2 days, after foreign portfolio investor (FPI) bought nearly 4 per cent stake in the company via the open market. Nalanda India Equity Fund has bought 41,90,491 equity shares in Advanced Enzyme Technologies (representing 3.75 per cent of the total paid-up equity) for Rs 111 crore, at Rs 263.8 per share. Advanced Vital Enzymes Private Limited sold 3 million equity shares at a price of Rs 265 per share on the NSE. Advanced Enzyme Technologies in annual report 2019-20 said it may benefit from an increase in healthcare spending in the US and India. The US has the highest health spending in the world and it is drastically moving towards the usage of human healthcare enzymes and Probiotics. Read more

Closing Bell:Sensex gains 835 points, Nifty at 11050.25

Closing Bell:Sensex gains 835 points, Nifty at 11050.25
Friday, September 25, 2020
At close, the Sensex was up 835.06 points or 2.28% at 37388.66, and the Nifty was up 244.80 points or 2.27% at 11050.30 due to across-the-board buying. Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ICICI Bank, ONGC and Infosys.are top Sensex gainers. While losers included SBI Life Insurance, UPL, HDFC Life and BPCL. About 1953 shares have advanced, 648 shares declined, and 165 shares are unchanged. Nifty IT index was top sectoral gainer, up 3.46 per cent and FMCG indexes up 3.5 per cent. All the sectoral indices ended in the green. BSE Midcap and Smallcap indices gained 2-3 per cent.

MARKET UPDATE:Sensex rose 350 points to 36,910 levels, and the Nifty topped the 10,900-mark

MARKET UPDATE:Sensex rose 350 points to 36,910 levels, and the Nifty topped the 10,900-mark
Friday, September 25, 2020
In Indian markets, benchmark indices gained 1 percent in today's(25th Sept.2020) opening deals, following similar trends in Asian indices. The S&P BSE Sensex rose 350 points to 36,910 levels, and the Nifty50 index topped the 10,900-mark. IndusInd Bank, Mahindra & Mahindra, Bajaj Finance, and TCS (all up 2%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 2 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were also trading 1 percent higher, each.

Closing Bell:Sensex crashes 1155 points, Nifty at 10805.55

Closing Bell:Sensex crashes 1155 points, Nifty at 10805.55
Thursday, September 24, 2020
At close, the Sensex was down 1,114.82 points or 2.96% at 36553.60, and the Nifty was down 326.40 points or 2.93% at 10805.50. Barring HUL, all the Sensex constituents such as IndusInd Bank, Bajaj Finance and ICICI Bank ended deep in red today. The volatility index, India VIX, shot up 12.32 per cent to 23.53 levels. About 598 shares have advanced, 2009 shares declined, and 155 shares are unchanged. Nifty IT and Nifty Metal indices were top sectoral losers, down 4.20 per cent and 4.24 per cent, respectively. Nifty Bank fell 3.4 per cent, Nifty Auto 3.54 per cent and Nifty FMCG index lost 0.95 per cent. The S&P BSE MidCap and SmallCap indexes were trading over 2 per cent lower, too.

MARKET UPDATE:Sensex dipped 570 points to 37,090 levels and the Nifty slipped below 11,000 level

MARKET UPDATE:Sensex dipped 570 points to 37,090 levels and the Nifty slipped below 11,000 level
Thursday, September 24, 2020
The Indian markets started the expiry day of September(24th Sept.2020), derivative series on a feeble note, plunging over one percent, on the back of subdued global cues. The S&P BSE Sensex dipped 570 points to 37,090 levels and the Nifty50 index slipped below the psychological level of 11,000. Mahindra & Mahindra, Bajaj Finance, Infosys, Tata Steel, and IndusInd Bank, all slipped over 2 percent and were the top Sensex laggards. All the Nifty sectoral indices were painted red, with Nifty IT and Nifty Metal indexes, down 2 percent each, taking the biggest hit. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 1.75 percent and 1.9 percent lower, respectively.

Closing Bell:Sensex slips 66 points, Nifty at 11131.85

Closing Bell:Sensex slips 66 points, Nifty at 11131.85
Wednesday, September 23, 2020
At close, the Sensex was down 65.66 points or 0.17% at 37,668.42, and the Nifty was down 21.80 points or 0.20% at 11,131.90 amid volatility. Infosys, HCL tech, Asian Paints, L&T, HDFC Bank, Maruti Suzuki, ITC were major gainers in the Sensex pack, while losers include Bharti Airtel, Tata Steel, TCS, Power Grid Corporation of India, NTPC, ONGC and Bajaj-Auto. About 1213 shares have advanced, 1382 shares declined, and 155 shares are unchanged. Nifty IT was the top sectoral gainer. Nifty PSU Bank index, down 2 per cent. The BSE MidCap and SmallCap indexes were trading 0.7 per cent and 1.2 per cent higher, respectively. Barring Nifty Metal and Nifty PSU Bank indices, all the sectoral indices were trading in the positive territory. India VIX, rose 3 per cent

MARKET UPDATE:Sensex up 340 points at 38,080 levels and the Nity testing the 11,250-mark

MARKET UPDATE:Sensex up 340 points at 38,080 levels and the Nity testing the 11,250-mark
Wednesday, September 23, 2020
Equity markets in India rose half a percent today(23rd Asept.2020), tracking the overnight gains on the major Wall Street indices. The S&P BSE Sensex was up 340 points at 38,080 levels and the Nity50 index was testing the 11,250-mark. Reliance Industries gained 2 percent after the company announced that KKR will invest Rs 5,500 crore for a 1.28 percent stake in Reliance Retail. The stock was the top Sensex gainer, followed by Infosys, Maruti, and IndusInd Bank (all up 1%). All the Nifty sectoral indices, barring the Nifty Metal index, were trading in the green, led by the Nifty Private Bank index, up 0.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.7 percent and 1.2 percent higher, respectively.

TCS share price hits new 52-week high after UK supermarket chain Morrisons expands strategic pact

TCS share price hits new 52-week high after UK supermarket chain Morrisons expands strategic pact
Tuesday, September 22, 2020
Shares of Tata Consultancy Services (TCS) gained 2 per cent to Rs 2,523 in an otherwise weak market on Tuesday after the company said it has expanded its partnership with Morrisons, a leading supermarket chain in the UK, through a five-year contract for application management services, data services and cybersecurity services. Tata Consultancy Services stock surpassed its previous high of Rs 2,538 apiece on September 15, 2020. TCS said the partnership will help accelerate the latter’s plan to simplify and modernise its technology to improve the shopping trip, eliminate wasted effort and become more popular and accessible to its customers. Morrisons selected TCS as its Application – Managed Services partner in 2016, to improve the customer and employee experience. Since then, TCS has worked closely with the retailer to help drive its growth and modernisation agenda across various lines of business, leveraging its comprehensive portfolio of business and technology services and solutions. Read more

Closing Bell:Sensex crashes 300 points, Nifty at 11153.65

Closing Bell:Sensex crashes 300 points, Nifty at 11153.65
Tuesday, September 22, 2020
At Close, Sensex closed 300 points, or 0.79 per cent, lower at 37,734.08 while Nifty ended at 11,153.65 with a loss of 97 points or 0.86 per cent. Maruti Suzuki was the most loser in the Sensex pack followed by L&T, IndusInd Bank, Axis Bank, ONGC, Reliance Industries, Asian Paints and Titan Company. On the flip side, HCL Tech was the top Sensex gainer followed by TCS, Sun Pharma, Tech Mahindra, ICICI Bank and Bharti Airtel. Nifty Bank index fell 1.07 per cent while Nifty FMCG was down 0.78 per cent. Realty, Oil & Gas, Capital Goods and Industrials lost 2 per cent. India VIX slipped nearly 5 per cent to 21 levels. BSE Midcap and Smallcap indices were 1.68 per cent and 1.79 per cent down, respectively. Barring Nifty Pharma and Nifty IT indices, all the sectoral indices have ended in the negative territory.

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.

Closing Bell:Sensex crashes 812 points, Nifty at 11250.55

Closing Bell:Sensex crashes 812 points, Nifty at 11250.55
Monday, September 21, 2020
At Close, Sensex closed 812 points, or 2.09 per cent, down at 38,034.14 while Nifty ended 254 points, or 2.21 per cent, lower at 11,250.55. IndusInd Bank was the most loser of the Sensex pack, followed by Bharti Airtel, Tata Steel, ICICI Bank, M&M, Maruti Suzuki, Axis Bank, Bajaj Finance and Nestle India. On the contrary, Kotak Mahindra Bank, Infosys and TCS were the top Sensex gainers. The nifty Metal index lost 5.53 per cent, followed by 4.46 per cent loss in Nifty Pharma index. Nifty Realty index fell 6 per cent. Nifty IT index too settled lower. Nifty Bank declined over 3.3 per cent. All the sectoral indices settled in the negative territory. BSE Midcap and Smallcap indices closed 3.43 per cent and 3.61 per cent down, respectively.

MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level

MARKET UPDATE:Sensex hovered around 38,850 and Nifty holding the 11,500-level
Monday, September 21, 2020
The Indian benchmark indices were started the expiry week of the September series derivative contracts on a flat note, tracking similar trends from the other Asian markets today(21st Sept.2020) The S&P BSE Sensex hovered around 38,850 and the Nifty50 index was holding the 11,500-level. Tech stocks were the top gainers in the Sensex pack, led by HCL Tech (up 4%). TCS, Tech Mahindra, and Infosys were also up 1 percent each. The trend among the Nifty sectoral indices were largely negative, led by the Nifty PSU Bank index, down half a percent. On the other hand, the Nifty Pharma index was trading 1 percent higher. In the broader market, the S&P BSE MidCap index was trading flat while the SmallCap index was up 0.5 percent. Route Mobile will debut at the bourses today after the finalisation of the issue price at Rs 350 per share. The issue was subscribed over 73 times and is expected to list at a premium of 50-60 percent.

MARKET UPDATE:Sensex dipped 184 points to 39,120 levels and the Nifty fell below the 11,600-mark

MARKET UPDATE:Sensex dipped 184 points to 39,120 levels and the Nifty fell below the 11,600-mark
Thursday, September 17, 2020
The equity markets in India slipped half a percent today(17th Sept.2020) in tune with the losses in other Asian markets. The S&P BSE Sensex dipped 184 points to 39,120 levels and the Nifty50 index fell below the 11,600-mark. ICICI Bank, TCS, and IndusInd Bank were all trading 1 percent lower in early deals. On the other hand, ONGC was up 1 percent. The trend among Nifty sectoral indices was largely negative, led by the Nifty Bank index, down 1 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading flat. IT services firm Happiest Minds Technologies will make stock market debut today. The Rs 702-crore initial public offering of Happiest Minds Technologies garnered massive responses from investors as it was subscribed to a whopping 151 times.

MARKET UPDATE:Indices flat;Sensex at 39,090 levels, and Nifty at 11,500-mark

MARKET UPDATE:Indices flat;Sensex at 39,090 levels, and Nifty at 11,500-mark
Wednesday, September 16, 2020
The equity markets in India today (16th Sept.2020) were trading flat with a positive bias, tracking mixed cues from other Asian markets. The S&P BSE Sensex added 50 points at 39,090 levels and the Nifty50 index topped the 11,500-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 3%) were the top Sensex gainers. On the other hand, State Bank of India and Axis Bank were trading half a percent lower. Aurobindo Pharma rose 4 percent in early deals after the company announced its collaboration with the Council of Scientific and Industrial Research to develop vaccines to protect against Covid-19. The trend among Nifty sectoral indices was largely positive, led by the Nifty Auto index, up 0.7 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.4 percent higher, each.

MARKET UPDATE:Sensex hovered around 38,820 levels, and Nifty at 11,450-mark

MARKET UPDATE:Sensex hovered around 38,820 levels, and Nifty at 11,450-mark
Tuesday, September 15, 2020
The equity markets in India climbed off the day's top to trade flat with a positive bias today(15th Sept.2020). The S&P BSE Sensex hovered around 38,820 levels, after rising as high as 39,013 levels intra-day. The Nifty50 index was, meanwhile, holding the 11,450-mark. Sun Pharma and Bajaj Finance (both up 2%) were the top Sensex gainers, followed by NTPC, ICICI Bank, and Tata Steel (all up 1%). The trend among Nifty sectoral indices was positive, led by the Nifty Pharma index, up 2 percent. The broader market, meanwhile, continued to outperform the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.8 percent and 1 percent higher, respectively. Six hundred and forty-two companies including Vedanta, SpiceJet, and Future Enterprises are scheduled to announce their earnings today.

MARKET UPDATE:Sensex up by 335 points at 39,190 levels and Nifty reclaimed the 11,550-mark

MARKET UPDATE:Sensex up by 335 points at 39,190 levels and Nifty reclaimed the 11,550-mark
Monday, September 14, 2020
The equity markets in India were trading firm today(14th Sept.2020), with the Sensex and Nifty gaining over half a percent. Meanwhile, the broader indices outperformed their benchmark peers after the Sebi tweaked rules for multi-cap mutual funds. According to the new norms, multi-cap funds must hold at least 75 percent of their assets in equities with 25 percent each in large, medium, and smaller companies. Consequently, the S&P BSE MidCap index rose 1.18 percent while the S&P BSE SmallCap was up 2 percent. Among the headline indices, the S&P BSE was up 335 points at 39,190 levels and the Nifty50 index reclaimed the 11,550-mark. HCL Tech (4 percent) gained the most after the company raised its guidance. Besides, Reliance Industries (up 1 percent) hit a fresh all-time high. The HDFC twins and IndusInd Bank were also trading 1 percent higher. The Nifty sectoral indices were all trading in the green, led by Nifty IT and Nifty Private Bank indexes, both up 1 percent. Read more

Closing Bell:Sensex gains 14 points, Nifty at 11464.4

Closing Bell:Sensex gains 14 points, Nifty at 11464.4
Friday, September 11, 2020
At Close, Sensex closed 14 points, or 0.04 per cent, up at 38,854.55 and Nifty closed 15 points, or 0.13 per cent, up at 11,464.45 with a positive bias on Friday. State Bank of India was the Sensex gainer followed by TCS, Tech Mahindra, Hindustan Unilever (HUL), Bajaj Finance, Kotak Mahindra Bank, Titan Company and Reliance Industries. Indusind Bank was the top loser followed by Power Grid Corporation of India, Bharti Airtel, Asian Paints, HDFC Bank, Maruti Suzuki and Nestle India. Nifty IT index was top sectoral gainer, up 1.29 per cent, followed by Nifty Realty index which gained 1.27 per cent. Nifty PSU Bank index gained 0.79 per cent while the Nifty FMCG index settled 0.63 per cent higher.BSE Midcap and Smallcap indices outperformed the benchmark Sensex, closing 0.58 per cent and 0.52 per cent higher, respectively. Except for Nifty Media index and Nifty Private Bank index, all the sectoral indices traded in the green today.

MARKET UPDATE:Volatile session-Sensex hovered around 38,760 points and the Nifty gave up the 11,450-mark

MARKET UPDATE:Volatile session-Sensex hovered around 38,760 points and the Nifty gave up the 11,450-mark
Friday, September 11, 2020
In Indian equity markets, the benchmark indices slipped into the red zone after giving up their modest opening gains in today's(11th Sept.2020) volatile session. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also gave up the 11,450-mark. Titan, HDFC Bank, Kotak Mahindra Bank, and State Bank of India (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries slipped 0.9 percent after the company called the reports about Amazon's interest in Reliance Retail 'speculative'. The Nifty sectoral indices were trading largely in the green, led by the Nifty PSU Bank index, up 0.9 percent. In the broader market, both the S&P BSE MidCap and SmallCap indexes were trading half a percent higher. One hundred and four companies including IRCTC, BHEL, and Adani Green are scheduled to announce their quarterly earnings today.

Closing Bell:Sensex gains 646 points , Nifty at 11449.25

Closing Bell:Sensex gains 646 points , Nifty at 11449.25
Thursday, September 10, 2020
At Close, Sensex closed 646 points, or 1.69 per cent, higher at 38,840.32 while Nifty logged a gain of 171 points, or 1.52 per cent, to settle at 11,449.25. Reliance Industries Ltd was the major gainer in the Sensex pack, followed by Asian Paints, Tata Elxsi, Granules India, Infibeam Avenues, Laurus Labs, Adani Gas and Adani Green Energy. All sectoral indices on NSE ended with gains except Nifty Metal, which was down 1.14% and Nifty Pharma ended the day flat. Nifty PSU Bank rallied the most up 2.5 per cent. BSE Midcap settled 0.92 per cent higher and the Smallcap index closed with a gain of 1.27 per cent. Volatility index, India VIX, declined over 4 per cent to 21.27 levels.

Closing Bell:Sensex down 171 points, Nifty at 11278.00

Closing Bell:Sensex down 171 points, Nifty at 11278.00
Wednesday, September 9, 2020
At Close, Sensex ended 171 points, or 0.45 per cent, lower at 38,193.92 while Nifty settled 39 points, or 0.35 per cent, lower at 11,278 amid weak global clues. Tata Steel was the Sensex gainer, followed by RIL, Sun Pharma, Bharti Airtel, Asian Paints, Nestle India and Maruti Suzuki. State Bank of India was the most Sensex loser followed by Bajaj Finserv, Axis Bank, ONGC, ITC, Bajaj Finance, ICICI Bank, Kotak Mahindra Bank and HDFC Bank. Nifty PSU Bank index declined 2.87 per cent. The BSE Midcap and Smallcap indices closed 0.28 per cent and 0.94 per cent down, respectively. Among sectoral indices, Nifty Auto, Nifty Media, Nifty Metal and Nifty Pharma settled with gains.

MARKET UPDATE:Sensex slid 300 points to 38,060 levels and the Nifty gave up the 11,250-mark

MARKET UPDATE:Sensex slid 300 points to 38,060 levels and the Nifty gave up the 11,250-mark
Wednesday, September 9, 2020
Indian equity markets were dragged by over half a percent lower today(9th ASept.2020) mainly due to weak global cues, concerns over India-China tensions, and unwelcome news on the COVID front. The S&P BSE Sensex slid 300 points to 38,060 levels and the Nifty50 index gave up the 11,250-mark. ONGC and Tata Steel (both down 3 percent) were the top Sensex laggards. On the other hand, Reliance Industries rose 1 percent after announcing that Silver Lake would invest Rs 7,500 crore in Reliance Retail. Meanwhile, AstraZeneca Pharma tumbled 12 percent after the company "voluntarily paused" a randomized clinical trial of its coronavirus vaccine in what it called a routine action after a volunteer developed an unexplained illness. IRCTC shares also slid 4 percent in early deals after the company said the government plans to sell about 15-20 percent stake via offer for sale (OFS) and would like to complete the transaction in a minimum number of tranches. Read more

The bull-run in markets will continue:Goldman Sachs

The bull-run in markets will continue:Goldman Sachs
Tuesday, September 8, 2020
Analysts at Goldman Sachs believe that, the market rally that started in March 2020 after hitting their lowest point 2020 has more legs, and cautions that there could be intermittent corrections along the way. "Markets, are in the first phase of a new investment cycle, which it calls a ‘Hope’ phase, following a deep recession. Investors, it says, start to anticipate a recovery in this phase and is typically the strongest part of the cycle, Goldman Sachs says. “That is what we have been seeing this year. The main triggers for the rebound, in our view, were a combination of slowing infection rates and extraordinary policy support. Financial conditions, which were tightening sharply in the early part of the lockdown, eased rapidly and governments implemented extraordinary fiscal support packages,” wrote, chief global equity strategist and head of macro research at Goldman Sachs in yesterday's report. Read more

Closing Bell: Sensex down 51.88 points, Nifty at 11317.35

Closing Bell: Sensex down 51.88 points, Nifty at 11317.35
Tuesday, September 8, 2020
At close, the Sensex was down 51.88 points or 0.14% at 38365.35, and the Nifty was down 37.60 points or 0.33% at 11317.40 with a negative bias on Tuesday amid selling in blue-chip counters. HCL Tech and Infosys were the top Sensex gainers followed by Reliance Industries, Tech Mahindra, TCS, HDFC Bank, Maruti Suzuki and Bajaj Auto. On the flip side, Tata Steel was the top Sensex loser followed by Bharti Airtel Axis Bank, ONGC, Sun Pharma, NTPC, State Bank of India. About 957 shares have advanced, 1695 shares declined, and 170 shares are unchanged. Except for the Nifty IT index, all the sectoral indices settled in the negative territory today.BSE Midcap and Smallcap indices shed 1-1.5 per cent.

MARKET UPDATE:Sensex hovered around 38,400 levels;Nifty around 11,350-mark

MARKET UPDATE:Sensex hovered around 38,400 levels;Nifty around 11,350-mark
Tuesday, September 8, 2020
The equity markets in India fluctuated between minor gains and losses today (7th sept.2020) despite firm cues from Asian indices as investors turned cautious on geopolitical concerns. According to reports, incidents of firing were reported overnight on the Line of Actual Control in Eastern Ladakh sector where troops of India and China have been engaged in a stand-off for over three months. The S&P BSE Sensex hovered around 38,400 levels, and the Nifty50 index was around the 11,350 mark. Powergrid (down 1%) was the top Sensex loser, followed by Nestle, Titan, and HDFC (all down over half a percent). Bharat Dynamics plunged 12 percent as the government is set to sell a 15 percent stake in the defense company through an offer for sale today and tomorrow at a floor price of Rs 330 per share. The trend among the Nifty sectoral indices was largely negative, with the Nifty PSU Bank index, down half a percent, leading the list of losers. Read more

Dixon Technologies shares hit new 52-week high, crosses Rs 10,000-crore in m-cap

Dixon Technologies shares hit new 52-week high, crosses Rs 10,000-crore in m-cap
Monday, September 7, 2020
Dixon Technologies, the largest electronic manufacturing services gained 4 per cent on the BSE on Monday to hit a record high of Rs 8,935 on the expectation of higher demand for consumer electronics. The company's market capitalisation crossed Rs 10,000 crore today after five straight days of gains. The stock surpassed its previous high of Rs 8,822, touched on August 28, 2020, on the BSE. The stock has skyrocketed 267 per cent from its 52-week low of Rs 2,433.20, hit in September last year. Dixon is well placed to cater to the business proposition and is well equipped to serve the export markets in select categories. It further said, that set-top box is emerging to be a big category for Dixon with Rs 8 bn-10 bn revenue potential in FY22 with volumes of 800k-1,000k per month driven by RJio, Dish TV and Siti Cable. Dixon continues to lead the government’s self-dependence measures to manufacture consumer durables. Read more

Closing Bell: Sensex gains 356 points, Nifty at 11355.05

Closing Bell: Sensex gains 356 points, Nifty at 11355.05
Monday, September 7, 2020
At close, the Sensex was up 60.05 points or 0.16% at 38,417.23, and the Nifty was up 21.10 points or 0.19% at 11,355 amid high volatility. ITC and Hindustan Unilever were top Sensex gainers followed by TCS, Asian Paints, HDFC and Axis Bank. On the other hand, M&M was the top Sensex loser followed by Bajaj Finance, NTPC, UltraTech Cement, ONGC, Bharti Airtel and IndusInd Bank. About 1212 shares have advanced, 1461 shares declined, and 187 shares are unchanged. The Nifty Auto index fell nearly 0.5 per cent. Nifty Bank settled at 23,015 down 0.3 per cent. Nifty Realty index ended around 1 per cent lower at 218 levels. Nifty FMCG, Nifty IT and Nifty Media were the only indices that ended in the green with 0.57 per cent higher and rest of the sectoral indices settled in the negative territory.

MARKET UPDATE:Volatile session;Sensex down by 200 points around 38,150 levels;Nifty near 11,300-mark

MARKET UPDATE:Volatile session;Sensex down by 200 points around 38,150 levels;Nifty near 11,300-mark
Monday, September 7, 2020
The equity markets in India were trading lower in today's (7th sept.2020) volatile session, with financials and FMCG stocks pressuring the benchmark indices. The S&P BSE Sensex hovered around 38,150 levels, down 200 points, and the Nifty50 index was near the 11,300-mark. Titan, IndusInd Bank, and Maruti (all up 1%) were the top Sensex gainers. On the other hand, Mahindra & Mahindra dipped 2 percent. Vodafone Idea surged 10 percent ahead of the company's strategic announcement today. The Nifty sectoral indices were trading mixed, with the Nifty Bank index, down 0.5 percent, leading the list of losers. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. Fifty-two companies are expected to report their earnings including CG Power, General Insurance Corporation of India, and Parag Milk Foods.

Closing Bell:Sensex down 634 points, Nifty at 11333.90

Closing Bell:Sensex down 634 points, Nifty at 11333.90
Friday, September 4, 2020
At close, the Sensex was down 633.76 points or 1.63% at 38357.18, and the Nifty was down 193.60 points or 1.68% at 11333.90 amid across-the-board sell-off seen in metal, pharma, banks. The volatility index, India VIX, rose over 7 per cent to 21.95 levels. Maruti Suzuki India, Bajaj Auto, Zee Entertainment, TCS, and Bajaj Finance were the major gainers in the Sensex pack, while SBI, ICICI Bank, Axis Bank, Tata Steel and Kotak Mahindra Bank were top losers. About 1002 shares have advanced, 1674 shares declined, and 177 shares are unchanged. Metal index down 3 per cent. Nifty Bank dipped nearly 2 per cent.BSE Midcap and Smallcap indices ended 1-1.7 per cent lower. All the Nifty sectoral indices ended in the red.

MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400

MARKET UPDATE:Sensex tanks 450 pts, Nifty below 11,400
Friday, September 4, 2020
The equity markets in India today(4th September 2020), in tune with the overnight plunge in the US markets, were trading over one percent lower amid across-the-board selling. The S&P BSE Sensex dipped 456 points, or 1.17 percent, to 38,560 levels and the Nifty50 index gave up the psychological level of 11,400. ICICI Bank, State Bank of India, and IndusInd Bank, all cracked 2 percent each and were the top Sensex losers. All 30 constituents of Sensex were trading in the red. All the Nifty sectoral indices were painted red, led by the Nifty Bank index which fell 2.5 percent. The broader markets mirrored the losses in the benchmarks, with both the S&P BSE MidCap and SmallCap indexes trading with nearly one and a half percent cut. Sixty-eight companies including Nalco, Future Retail, and Jubilant Life Sciences, are scheduled to announce their June quarter earnings today.

Closing Bell:Sensex down 95.09 points, Nifty at 11527.45

Closing Bell:Sensex down 95.09 points, Nifty at 11527.45
Thursday, September 3, 2020
At Close, Sensex is down 95.09 points or 0.24% at 38990.94, and the Nifty down 7.50 points or 0.07% at 11527.50 after fluctuating between minor gains and losses during the session. Titan was the top gainer in the Sensex pack, followed by Tech Mahindra, Grasim Industries and Nestle India. while losers were Bharti Airtel, ICICI Bank, Hindalco Industries, Axis Bank and Kotak Mahindra Bank. About 1452 shares have advanced, 1199 shares declined, and 176 shares are unchanged. MidCap index ended 0.4 per cent higher at 15,079 levels while BSE SmallCap index settled at 14,761 points, up 0.74 per cent. The volatility index, the India VIX slipped 2.75%. Buying seen in the IT, pharma, auto and FMCG pack, while bank and metal remained under pressure.

MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark

MARKET UPDATE:Sensex rose 70 points to 39,150 levels and the Nifty testing 11,600-mark
Thursday, September 3, 2020
The equity markets in India were trading flat with a positive bias today(3rd September 2020), amid favourable cues from other Asian markets. The S&P BSE Sensex rose 70 points, or 0.18 percent, to 39,150 levels and the Nifty50 index was testing the 11,600-mark. Mahindra & Mahindra, Larsen & Toubro, and Bajaj Auto (all up 1%) were the top Sensex gainers. On the other hand, Bajaj Finance and ICICI Bank slipped 1 percent each. Among other individual stocks, aviation stocks were flying high after the central government permitted Indian airlines to increase the number of passenger flights to 60 percent of their pre-COVID capacity. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up 1 percent, leading the list of gainers. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a percent higher, each. Read more

Closing Bell:Sensex gains 185 points, Nifty at 11535.00

Closing Bell:Sensex gains 185 points, Nifty at 11535.00
Wednesday, September 2, 2020
At Close, Sensex gained 185 points or 0.48 per cent, higher at 39086.03 and Nifty settled 72.70 points, or 0.56 per cent higher at 11535.00 for the second consecutive session. Power Grid, Reliance Industries, and Mahindra & Mahindra were the top index gainers while Bajaj Auto, Sun Pharma, and Axis Bank were the top losers. Shares of Vodafone Idea jumped 14 per cent after the company announced a board meeting on September 4 to consider fundraising. The BSE MidCap index was trading 0.7 per cent higher and the SmallCap index gained 2 per cent. The oil & gas, Metal and IT indices gained over a per cent.

MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark

MARKET UPDATE:Sensex hovered around 38,870 levels and the Nifty trading near 11,490-mark
Wednesday, September 2, 2020
The equity markets in India were trading flat on today(2nd September 2020). Among the benchmark indices, the S&P BSE Sensex hovered around 38,870 levels and the Nifty50 index was trading near 11,490-mark. ONGC gained over 2 percent after the announcement of its June quarter results and was the top Sensex gainer in the early deals. UltraTech Cement, Tech Mahindra, and Tata Steel (all up 1%) were the other top gainers. On the other hand, Bajaj Auto and Kotak Mahindra Bank dipped 1 percent each. Shares of Vodafone Idea leaped 14 percent after the company announced a board meeting on September 4 to consider fundraising. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 0.9 percent, being the major drag. In the broader market, the S&P BSE MidCap index was trading 0.7 percent higher and the SmallCap index was ruling 1 percent up. Read more

Closing Bell: Sensex gains 273 points, Nifty at 11470.25

Closing Bell: Sensex gains 273 points, Nifty at 11470.25
Tuesday, September 1, 2020
At Close, Sensex gained 273 points, or 0.71 per cent, higher at 38,900.80 and Nifty settled 83 points, or 0.73 per cent higher at 11,470.25. Bharti Airtel shares surged to become the top Sensex gainers. Vodafone Idea tanked as much as 20 per cent. ONGC, Axis Bank, and ICICI Bank were the other drags.Mid-caps outperformed as their sectoral index on BSE closed 1.16 per cent higher. BSE Smallcap index closed 0.54 per cent up. The metal stock jumped over 3 per cent. Power and Healthcare rose up to 3 per cent. IT, oil & gas ended in the red.

MARKET UPDATE:Sensex climbed 450 points to reclaim 39,000-level and Nifty testing the 11,500-mark

MARKET UPDATE:Sensex climbed 450 points to reclaim 39,000-level and Nifty testing the 11,500-mark
Tuesday, September 1, 2020
The historic fall in Q1 GDP growth did not dampen the sentiment of investors who sent the benchmark indices near a percent higher in today's (1st September 2020) early deals ahead of the Supreme Court's verdict on AGR. The S&P BSE Sensex climbed 350 points, or 0.92 percent, and reclaimed the 39,000-level and the Nifty50 index was testing the 11,500-mark. IndusInd Bank (up 4%), Tata Steel, State Bank of India, and Bajaj Finance (all up 2%) were the top Sensex gainers. On the other hand, ONGC dipped 3 percent. The Supreme court is set to deliver decisions on three key issues: the tenure for staggered payment of AGR dues, whether or not Reliance Jio has to pay the hefty AGR dues bill of Rcom, and Bharti Airtel, that of Aircel and Videocon. And three, whether banks can, as creditors, transfer spectrum to a new buyer under IBC, without first taking cognizance of the dues of the government. Read more

Factors that contributed for the market correction today

Factors that contributed for the market correction today
Monday, August 31, 2020
After an initial short rally today morning that took the S&P BSE Sensex to day’s high of 40,010.17, the markets lost ground as trade progressed. The S&P BSE Sensex lost over 1,200 points in intra-day trade to hit a low of 38,714.43 as trade progressed. At around 2:45pm, the 30-share index was trading nearly 1,050 points, or 2.7 percent, lower at 38,465 levels. It, however, recouped some losses and closed 839 points, or 2.1 percent, lower at 38,628 levels. Major factors that led to the market fall today are: Read more

Closing bell:Sensex tanks 839 points, Nifty at 11387.50

Closing bell:Sensex tanks 839 points, Nifty at 11387.50
Monday, August 31, 2020
At Close, Sensex ended lower by 839.02 points or 2.13 per cent at 38628.29, and the Nifty down 284.40 points or 2.44 per cent at 11387.50 amid India-China border tension. Reliance Industries (RIL) was the biggest contributor to the index's loss, followed by ICICI Bank, Sun Pharma, SBI, Bajaj Finserv and Bajaj Finance and HDFC. Metals, pharma and the PSU Bank index tumbled over 4 per cent while the midcap index down 3 per cent. India VIX jumped over 24 per cent to 22.84 levels. Except Nifty IT all other sectoral indices ended with losses.

MARKET UPDATE:Sensex zooms 400 points to 39,870 levels and Nifty hovered around 11,780 levels

MARKET UPDATE:Sensex zooms 400 points to 39,870 levels and Nifty hovered around 11,780 levels
Monday, August 31, 2020
Equity markets in India today(31st August 2020) gained one percent in early deals, lifted by financials, ahead of the release of Q1 GDP data later in the day. Among the benchmark indices, the S&P BSE Sensex was trading 400 points higher at 39,870 levels after briefly reclaiming the psychological level of 40,000, earlier in the session. The Nifty50 index hovered around 11,780 levels. IndusInd Bank (up 5%, Axis Bank, ONGC, and HDFC Bank (all up 2%) were the top Sensex gainers. On the other hand, Bharti Airtel dipped 1 percent. Reliance Industries rose 2 percent and Future Retail surged as much as 20 percent after Reliance Industries announced the acquisition of retail & wholesale business and the logistics & warehousing business of the Future Group. The majority of the Nifty sectoral indices were trading in the green, led by the Nifty Bank index, up 1.5 percent. Read more

Closing Bell:Sensex gains 350 points, Nifty at 11647.60

Closing Bell:Sensex gains 350 points, Nifty at 11647.60
Friday, August 28, 2020
At Close, Sensex is up 353.84 points or 0.9 per cent at 39467.31, and the Nifty jumped 88.30 points or 0.76 per cent at 11647.60 for the sixth consecutive session led by financial counters.IndusInd Bank gained the most followed by Axis Bank, State Bank of India and ICICI Bank. Powergrid, Maruti, Infosys were the top drags. Among the sectors, the banking index jumped 4 per cent while the midcap index added half a per cent. Nifty Auto shed over half a per cent while the metal index ended in the red. Volatility slipped 3.44% during the day’s trade.

MARKET UPDATE:Sensex up 220 points at 39,334 levels and Nifty topped the 11,600-mark

MARKET UPDATE:Sensex up 220 points at 39,334 levels and Nifty topped the 11,600-mark
Friday, August 28, 2020
Equity markets in India today(28th August 2020) were trading firm, up to half a percent, on the first day of the September F&O series, with financials contributing majorly to the gains. The S&P BSE Sensex was trading 220 points up at 39,334 levels and the Nifty50 index topped the 11,600-mark. Axis Bank (up 4%) and Larsen & Toubro (up 2%) were the top Sensex gainers. GMR Infra shot up 10 percent after the company said the Group would separately list its airport business. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 2 percent. In the broader market, the S&P BSE MidCap was trading 0.8 percent higher and the SmallCap index was up 0.4 percent. Eighty-one companies, including Khadi India, and Archies, are scheduled to announce their June quarter results today.

Closing Bell: Sensex gains 40 points,Nifty at 11559.25

Closing Bell: Sensex gains 40 points,Nifty at 11559.25
Thursday, August 27, 2020
At Close, Sensex closed 40 points, or 0.10 per cent, up at 39,113.47 and Nifty settled 10 points, or 0.84 per cent, up at 11,559.25 in green for the fifth consecutive session on August 27, supported by gains in select heavyweight Stocks. IndusInd Bank was the top Sensex gainer, followed by M&M, SBI, HDFC, Axis Bank, Maruti Suzuki and Sun Pharma. On the contrary, ONGC, Bajaj-Auto, Reliance Industries, Kotak Mahindra Bank and Bharti Airtel were among top Sensex losers.BSE Energy fell over a per cent. BSE Realty surged 6.63 per cent.BSE Midcap index closed flat while the Smallcap index ended 0.35 per cent higher. Barring Nifty FMCG index and Nifty IT, all the sectoral indices finished in green today.

MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level

MARKET UPDATE:Sensex up 200 points at 39,260 levels and Nifty reclaimed the 11,600 level
Thursday, August 27, 2020
The markets in India today(27th August 2020) rose half a percent ahead of the expiry of the August series derivative contracts. The S&P BSE Sensex was up 200 points at 39,260 levels, and the Nifty50 index reclaimed the crucial psychological level of 11,600. IndusInd Bank (up 2%) was the top Sensex gainer, followed by HDFC (up 1%). Hindustan Aeronautics tanked 11 percent in early deals after the company said that the government plans to sell as much as 15 percent stake in the company through a public offering of shares. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 0.9 percent. The broader markets tracked the benchmarks' gain, with the S&P BSE MidCap and SmallCap indices trading 0.6 percent higher, each. Fifty-one companies including NMDC and Avanti Feeds are scheduled to announce their June quarter results today.

Closing Bell:Sensex gains 230 points, Nifty ends at 11549.60

Closing Bell:Sensex gains 230 points, Nifty ends at 11549.60
Wednesday, August 26, 2020
At close, the Sensex was up 230.04 points or 0.59% at 39073.92, and the Nifty was up 77.30 points or 0.67% at 11549.60 led by auto, banks. Tata Motors, Hero Motocorp, IndusInd Bank, Zee Entertainment and Reliance Industries were major gainers on the Sensex Index. while losers were Bharti Airtel, UltraTech Cement, Britannia Industries, Asian Paints and Maruti Suzuki. About 1528 shares have advanced, 1105 shares declined, and 124 shares are unchanged. Nifty Auto index, up 1.6 per cent.BSE MidCap, as well as the SmallCap index, were both up 0.5 per cent each. Buying witnessed in the auto, bank, energy, metal and IT stocks.

MARKET UPDATE:Sensex flat, Nifty around 11,500

MARKET UPDATE:Sensex flat, Nifty around 11,500
Wednesday, August 26, 2020
The markets in India today(26th August 2020) were trading flat with a positive bias, on the back of mixed global cues. The S&P BSE gained 72 points at 38,910 levels and the Nifty50 index hovered around 11,500-mark. Bajaj Auto (up 3%) was the top Sensex gainer, followed by PowerGrid, Mahindra & Mahindra, and Bajaj Finserv (all up 2% each). On the other hand, Bharti Airtel dipped 1 percent in early deals. Can Fin Homes surged 8 percent after announcing its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Auto index, up 1.6 percent. In the broader market, the S&P BSE MidCap as well as the SmallCap index were both up 0.5 percent each. Thirty-one companies, including Indraprastha Gas and Gillette India, are scheduled to announce their June quarter results today.

Closing Bell:Sensex up 45 points, Nifty at 11472.25

Closing Bell:Sensex up 45 points, Nifty at 11472.25
Tuesday, August 25, 2020
At close, the Sensex was up 44.80 points or 0.12% at 38843.88, and the Nifty was up 5.80 points or 0.05% at 11472.30. Bajaj Finance was the top Sensex gainer, followed by State Bank of India (SBI), Tech Mahindra, Tata Motors, Asian Paints, Bajaj Finserv and IndusInd Bank. On the other hand, NTPC, Sun Pharma, Nestle India, Tata Steel, L&T and Infosys were among top Sensex losers. About 1192 shares have advanced, 1419 shares declined, and 104 shares are unchanged. Nifty PSU Bank index jumped 1.34 per cent and Nifty Financial Services gained 0.91 per cent. While Nifty Metal index fell 0.74 per cent, Nifty Pharma 0.62 per cent and the Nifty FMCG index declined over half a per cent.BSE Midcap and Smallcap ended 0.7 and 0.8 per cent higher, respectively. Among sectors, except bank and auto, other indices ended in the red.

MARKET UPDATE:Indices at 6-month high;Sensex up 166 pts to 38,960 levels, Nifty reclaimed 11,500-level

MARKET UPDATE:Indices at 6-month high;Sensex up 166 pts to 38,960 levels, Nifty reclaimed 11,500-level
Tuesday, August 25, 2020
The markets in India today(25th August 2020) rose half a percent to the highest level in the last six months, due to firm global cues. The S&P BSE Sensex was up 166 points, or 0.43 percent, at 38,960 levels and the Nifty50 index reclaimed the psychological level of 11,500. IndusInd Bank (up 2%) was the top Sensex gainer, followed by State Bank of India, Axis Bank, and Asian Paints (all up 1%). Max Financial Services surged 10 percent after Axis Bank said it has reduced the size of the stake that it plans to buy in Max Life Insurance to 17 percent from 29 percent. All the Nifty sectoral indices, except Nifty IT index, were trading in the green, led by Nifty PSU Bank index, up 1 percent. The broader markets, once again, outperformed the benchmarks, with the S&P BSE MidCap and SmallCap indexes trading 0.7 and 0.8 percent higher, respectively. Seventy-six companies including Can Fin Homes, Atul Auto are scheduled to announce their June quarter results today.

Closing Bell:Sensex gains 364 points, Nifty at 11466.45

Closing Bell:Sensex gains 364 points, Nifty at 11466.45
Monday, August 24, 2020
At close, the Sensex was up 364.36 points or 0.95% at 38799.08, and the Nifty was up 94.90 points or 0.83% at 11466.50 led by buying in private banks, and finance stocks. Kotak Mahindra Bank and IndusInd Bank were top gainers followed by Bajaj Finance, HDFC Bank and Zee Entertainment. Powergrid, Mahindra & Mahindra, and Tech Mahindra were the worst-performing stocks on Sensex. About 1500 shares have advanced, 1109 shares declined, and 136 shares are unchanged. All sectoral indices, except Nifty Pharma and Nifty IT, were trading with gains.BSE Midcap and Smallcap indices rose 0.4 per cent and 1.6 per cent respectively.

MARKET UPDATE:Sensex climbed 206 pts to 38,640 levels, Nifty topped 11,400-mark

MARKET UPDATE:Sensex climbed 206 pts to 38,640 levels, Nifty topped 11,400-mark
Monday, August 24, 2020
The markets in India climbed half a percent today(24th August 2020), lifted mainly by financials. The S&P BSE Sensex rose 206 points, or 0.5 percent, to 38,640 levels and the Nifty50 index topped the 11,400-mark. Kotak Mahindra Bank gained the most 2 percent, followed by HDFC Bank, IndusInd Bank, and State Bank of India (all up 1 percent each). On the stock-specific front, Gautam Adani-led Adani Group gained 3 percent as it is set to acquire a 74 percent stake in Mumbai International Airport with the current operator settling its disputes with its minority partner and exiting the venture. The Nifty sectoral indices were largely in the green, led by the Nifty Bank index, up 1.4 percent. The broader markets continued their outperformance with the S&P BSE MidCap and SmallCap indexes ruling 0.6 percent and 1 percent higher, respectively. Read more

MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark

MARKET UPDATE:Sensex jumped 312 pts to 38,530 levels, Nifty reclaimed the 11,400-mark
Friday, August 21, 2020
The markets in India rose over half a percent today(21st August 2020), following the firm trend in the Asian markets. The S&P BSE Sensex jumped 312 points, or 0.82 percent, to 38,530 levels, and the Nifty50 index reclaimed the 11,400-mark. PowerGrid (up 3%), NTPC, and SBI (both up 2%) were the top Sensex gainers. Among other individual stocks, GMM Pfaudler surged over 8 percent in early deals after it said it has acquired a 54 percent stake in its parent firm Pfaudler Group for a consideration of around $27.4 million. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.6 percent. Meanwhile, the broader markets kept up their outperformance, with the S&P BSE MidCap and SmallCap indexes both trading over 1 percent higher. Fifty-one companies including PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter results today.

Closing Bell: Sensex down 394 points, Nifty at 11312.20

Closing Bell: Sensex down 394 points, Nifty at 11312.20
Thursday, August 20, 2020
At Close, Sensex closed 394 points or 1.02 per cent, lower at 38,220.39 and Nifty closed 96 points, or 0.84 per cent, down at 11,312.20. NHPC was the top gainer followed by ONGC, Powergrid, and Tata Steel. On the other side HCL Technologies, HDFC, Axis Bank and Bharti Airtel were top losers.BSE Midcap and Smallcap indices rose 0.87 per cent and 0.72 per cent, respectively. Nifty Private Bank index slipped over 1 per cent while Nifty Bank index fell 1.3 per cent. Nifty Media, on the other hand, rose over 3 per cent. Bank, finance, energy and telecom packs fell over a per cent each.

MARKET UPDATE:Sensex down 250 pts, Nifty hovered around 11,300-mark

MARKET UPDATE:Sensex down 250 pts, Nifty hovered around 11,300-mark
Thursday, August 20, 2020
The equity markets in India languished in today's late morning session, with financials dragging the indices. The S&P BSE Sensex was trading 278 points, or 0.72 percent, lower at 38,340 levels and the Nifty50 index hovered around 11,300-mark. ICICI Bank, down 2%, was the top Sensex loser, followed by IndusInd Bank, Larsen & Toubro, and ONBC (all down over 1%). On the other hand, IT stocks -- TCS, Infosys, and HCL Tech -- were among the few Sensex stocks trading in the green. The trend among Nifty sectoral indices was largely in the red, with the Nifty Bank, Nifty Financials, and Nifty Metal indexes all trading over 1 percent lower. The broader market, however, quickly erased the opening losses. The S&P BSE MidCap index turned flat while the SmallCap index inched into the green. Read more

Closing Bell:Sensex slips from day’s high, up 86 points, Nifty at 11408.40

Closing Bell:Sensex slips from day’s high, up 86 points, Nifty at 11408.40
Wednesday, August 19, 2020
At close, the Sensex was up 86.47 points or 0.22% at 38614.79, and the Nifty was up 23 points or 0.20% at 11408.40. Tech Mahindra, Zee Entertainment, GAIL, Bharti Airtel, and Maruti were the top gainers on Sensex. Bajaj Auto, Nestle India, Wipro and ONGC were the top losers. About 1651 shares have advanced, 926 shares declined, and 104 shares are unchanged. Nifty PSU Bank index, up 1.9 per cent. S&P BSE MidCap and Small Cap indices trading 0.8 per cent higher. All Nifty sectoral indices traded with gains except Nifty Auto, Nifty FMCG, Nifty Pharma, and Nifty IT. While buying witnessed in the banking & financial, energy and infra sectors.

MARKET UPDATE:Sensex rose 227 pts, Nifty hovered around 11,450-mark

MARKET UPDATE:Sensex rose 227 pts, Nifty hovered around 11,450-mark
Wednesday, August 19, 2020
The equity markets in India were trading half a percent higher today(19th August 2020), lifted by gains in some heavyweight stocks. The S7p BSE Sensex rose 227 points, or 0.6 percent, to 38,740 levels and the Nifty50 index hovered around the 11,450-mark. SBI (up 2%) was the top Sensex gainer, followed by ICICI Bank and Larsen & Toubro (both up 1%). Reliance Industries also climbed 1 percent in early deals after announcing the acquisition of a majority equity stake in online pharmacy delivery startup Netmeds for a cash consideration of approximately Rs 620 crore. All the Nifty sectoral indices were trading in the green, led by Nifty PSU Bank index, up 1.9 percent. The broader market outperformed the benchmark indices in early deals, with the S&P BSE Midcap and Small Cap indices trading 0.8 percent higher. Thirty-two companies including CSB Bank, Muthoot Finance, are scheduled to announce their June quarter earnings today.

Closing Bell:Sensex gains 477.54 points, Nifty at 11385.35

Closing Bell:Sensex gains 477.54 points, Nifty at 11385.35
Tuesday, August 18, 2020
At close, the Sensex was up 477.54 points or 1.26% at 38528.32, and the Nifty was up 138.30 points or 1.23% at 11385.40. ONGC, Ultratech Cement, Maruti and Titan were the top gainers on BSE Sensex.While Powergrid, Tech Mahindra,BPCL, HCL and NTPC were the top losers.About 1860 shares have advanced, 886 shares declined, and 132 shares are unchanged.Nifty Realty was the top gainers, up 1.17%.All other sectoral indices ended in the green. BSE Midcap and Smallcap indices added 1 percent each. India VIX declined over 4 per cent to 20.43 levels.

MARKET UPDATE:Sensex gains 200 pts, Nifty tops 11,300

MARKET UPDATE:Sensex gains 200 pts, Nifty tops 11,300
Tuesday, August 18, 2020
The equity markets in India were trading half a percent higher today(18th August 2020), helped majorly by heavyweight Reliance Industries. The S&P BSE Sensex was trading 213 points higher at 38,260 levels and the Nifty50 index reclaimed the 11,300-mark. Reliance Industries (up 1.9 percent) was the top Sensex gainer, followed by ONGC, NTPC, and ICICI Bank (all up 1% each). On the other hand, HDFC Bank dipped 1 percent in early deals after US-based Rosen Law Firm said it plans to investigate potential securities claims against the bank following allegations of sharing "materially misleading business information" with investors. Bandhan Bank also gained 2 percent after the RBI lifted the restrictions imposed on the remuneration of the bank's MD & CEO. The trend among Nifty sectoral indices was positive, led by Nifty Financial Services, up 0.5 percent. Read more

MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark

MARKET UPDATE:Volatile market-Sensex 77 points down at 37,800 levels and Nifty slipped below 11,200-mark
Monday, August 17, 2020
The equity markets in India erased their opening gains and were trading flat with negative bias today(17th August 2020), following the mixed trend in Asian indices. The S&P BSE Sensex was trading 77 points lower at 37,800 levels after rising as high as 38,119 in the opening deals. The broader Nifty50 index also slipped below the 11,200-mark. NTPC, Larsen & Tourbo, Titan, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Reliance Industries and Axis Bank dipped over 2 percent each. Meanwhile, Glenmark Pharma surged as much as 7 percent after posting an over two-fold increase in consolidated net profit in June 2020 quarter. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1 percent, leading the list of gainers. Thirty-seven companies, including Can Fin Homes, Petronet LNG, and Suven Pharmaceuticals, are set to report their quarterly earnings today.

Closing Bell:Sensex down 600 points, Nifty at 11178.40

Closing Bell:Sensex down 600 points, Nifty at 11178.40
Friday, August 14, 2020
At close, the Sensex was down 433.15 points or 1.13% at 37877.34, and the Nifty was down 122.10 points or 1.08% at 11178.40. Tata Steel was the top Sensex gainer followed by Sun Pharma, Reliance Industries, TCS, Infosys, Housing Development Finance Corporation, ICICI Bank and NTPC.On the other hand, Power Grid, HCL Tech, Maruti Suzuki, Bajaj-Auto, Tata Steel and Titan Company were the top index losers. About 1085 shares have advanced, 1600 shares declined, and 133 shares are unchanged. Nifty IT index was up 0.58 per cent. Nifty Pharma index, up 2.5 per cent. The nifty Auto index dipped over 1 per cent. Except for metal and pharma, all other sectoral indices ended in the red. BSE Midcap and Smallcap indices ended 0.5-1 per cent lower.

India regains $2-trillion market capitalisation

India regains $2-trillion market capitalisation
Friday, August 14, 2020
As shares in the broader market joined the party the Indian market has once again topped the $2-trillion market capitalisation (m-cap) threshold. The country’s m-cap slipped below the psychological level in March ahead of the sharp sell-off triggered by the pandemic. During the depth of the correction, the combined m-cap of all listed stocks had slipped to multi-year lows of $1.3 trillion on March 23. Since then, India has added nearly $700 billion in market value thanks to the liquidity-fueled global rally. At its peak, India’s m-cap stood at $2.22 billion at the start of the year, when the benchmark Sensex and the Nifty indices hit all-time highs. Read more

MARKET UPDATE:Sensex up by 152 points at 38,460 levels and the Nifty hovered around the 11,350-mark

MARKET UPDATE:Sensex up by 152 points at 38,460 levels and the Nifty hovered around the 11,350-mark
Friday, August 14, 2020
The equity market in India edged up half a percent today(14th August 2020) ahead of the SC hearing on telcos' AGR dues later in the day. The S&P BSE Sensex added 152 points at 38,460 levels and the Nifty50 index hovered around the 11,350-mark. Reliance Industries, Larsen & Toubro, and Sun Pharma (all up 1%) were the top Sensex gainers. Besides, Eicher Motors slipped over 2 percent in early deals after posting a net loss of Rs 55 crore in the June quarter results (Q1FY21). Hero MotoCorp was also trading lower after reporting a 95 percent YoY dip in Q1 net profit. The Nifty sectoral indices were trading largely in the green, led by the Nifty Pharma index, up 0.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were trading 0.12 and 0.58 percent higher, respectively. Read more

Closing Bell: Sensex end flat, Nifty at 11300.45

Closing Bell: Sensex end flat, Nifty at 11300.45
Thursday, August 13, 2020
At close, the Sensex was down 59.14 points or 0.15% at 38310.49, and the Nifty was down 7.90 points or 0.07% at 11300.50 and settled in red for the second consecutive session in Thursday's volatile trade. ONGC, TCS, Tech Mahindra, SBI, NTPC, UltraTech Cement, Tata Motors and HCL Tech were top gainers. While Bharti Airtel, ITC, Maruti Suzuki, Bajaj-Auto, HDFC and Sun Pharma were the top losers on the Sensex. About 1564 shares have advanced, 1128 shares declined, and 136 shares are unchanged. Nifty PSU Bank index fell over one per cent, while the Nifty Auto index gained 1.22 per cent. Nifty Metal index, up 2 per cent. On the sectoral front, except bank and pharma other indices ended in the green, while BSE Midcap and Smallcap indices rose 1.6 per cent and 0.7 per cent respectively

MARKET UPDATE:Sensex up by 120 points at 38,490 levels and the Nifty at 11,350-mark

MARKET UPDATE:Sensex up by 120 points at 38,490 levels and the Nifty at 11,350-mark
Thursday, August 13, 2020
The equity market in India was trading with slim gains on Thursday, lifted primarily by metal stocks. Among the headline indices, the S&P BSE Sensex was up 120 points at 38,490 levels and the Nifty50 index topped the 11,350 marks. TCS, SBI, and Tech Mahindra (all up 1%) were the top Sensex gainers. On the other hand, Bharti Airtel dipped over 4 percent in early deals. Aurobindo Pharma also fell 4 percent despite reporting a 22.8 percent YoY rise in consolidated profit at Rs 780.7 crore in the June quarter. Indiabulls Group stocks gained after Sameer Gehlaut stepped down as the company's executive chairman with immediate effect. The trend among Nifty sectoral indices was largely in the green, led by Nifty Metal index, up 2 percent, The broader indices outperformed their benchmark peers with the S&P BSE MidCap and the SmallCap index trading 0.8 percent higher each. Read more

Closing Bell:Sensex ends flat,Nifty at 11308.40

Closing Bell:Sensex ends flat,Nifty at 11308.40
Wednesday, August 12, 2020
At close, the Sensex was down 37.38 points or 0.10% at 38369.63, and the Nifty was down 14.10 points or 0.12% at 11308.40. State Bank of India (SBI), Maruti Suzuki, M&M, Bharti Airtel and TCS were the top Sensex gainers. While losers were Kotak Mahindra Bank, Cipla, Hindalco Industries, Dr Reddy’s Labs and BPCL.About 1487 shares have advanced, 1207 shares declined, and 140 shares are unchanged. The mixed trend seen on the sectoral front with metal, pharma and FMCG indices ended lower Nifty Metal and Nifty Pharma down 1.54 per cent and 1.32 per cent. The Nifty PSU Bank index rose over 3 per cent. while buying witnessed in the auto and PSU bank stocks.

MARKET UPDATE:Sensex dipped 260 points to 38,140 levels and the Nifty hovered around 11,250-mark

MARKET UPDATE:Sensex dipped 260 points to 38,140 levels and the Nifty hovered around 11,250-mark
Wednesday, August 12, 2020
The equity markets in India slid half a percent today(12th August 2020), weighed down by metals and financials. The S&P BSE Sensex dipped 260 points to 38,140 levels and the Nifty50 index hovered around 11,250-mark. Bajaj Finance (down 2%), Bajaj Finserv, and Axis Bank (down 1%) were the top Sensex laggards. Besides, heavyweights HDFC Bank and Reliance Industries also slipped more than 1 percent each in early deals. The trend among NIfty sectoral indices was largely in the red, led by losses in the Nifty Metal index, down 1.4 percent. One thirty -seven companies, including Aurobindo Pharma, Ashok Leyland, and Tata Power are scheduled to announce their June quarter results today.

Closing Bell:Sensex ends 225 points, Nifty at 11322.50

Closing Bell:Sensex ends 225 points, Nifty at 11322.50
Tuesday, August 11, 2020
At close, the Sensex was up 224.93 points or 0.59% at 38,407.01, and the Nifty was up 52.30 points or 0.46% at 11,322.50. Axis Bank was the top Sensex gainer followed by IndusInd Bank, ITC, HDFC Bank, Tata Steel, HDFC and ICICI Bank. On the contrary, Titan Company was the top loser followed by Bharti Airtel, HCL Tech, ONGC, Tech Mahindra and Sun Pharma. About 1559 shares have advanced, 1146 shares declined, and 143 shares are unchanged. Nifty Pharma index was down 1.42 per cent. While Nifty Bank, Nifty Metal and Nifty Financial Services gained over 1 per cent. Among sectors, except pharma and IT, other indices ended in the green. BSE Midcap and Smallcap indices ended marginally lower.

MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and Nifty topped the 11,350-mark

MARKET UPDATE:Sensex climbed 338 points to 38,520 levels and Nifty topped the 11,350-mark
Tuesday, August 11, 2020
The equity markets in India India rose over half a percent today(11th August 2020), in line with a strong trend in other Asian markets. The S&P BSE climbed 338 points to 38,520 levels and the Nifty50 index topped the 11,350-mark. ICICI Bank gained 2 percent after the bank launched its qualified institutional placement (QIP), setting the floor price at Rs 351.36 per share. Besides, Axis Bank and Tata Steel (both up 2%) were among the other top gainers. On the other hand, Titan slipped over 3 percent after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 2 percent. Today, 90 companies, including RITES, Motherson Sumi, and Metropolis Healthcare, are scheduled to announce their June quarter results.

Closing Stock:Sensex gains 141 points, Nifty at 11270.15

Closing Stock:Sensex gains 141 points, Nifty at 11270.15
Monday, August 10, 2020
At close, the Sensex was up 141.51 points or 0.37% at 38182.08, and the Nifty was up 60.70 points or 0.54% at 11274.70 on the back of positive global cues, encouraging quarterly numbers by select pharma companies and the government's push for Atmanirbhar Bharat (Self-Reliant India). M&M was the top Sensex gainer, followed by Cipla, Larsen & Toubro (L&T), Sun Pharma, Kotak Mahindra Bank, HDFC and State Bank of India (SBI). while losers included Eicher Motors, Asian Paints, Maruti Suzuki, BPCl and Reliance Industries. About 1723 shares have advanced, 996 shares declined, and 166 shares are unchanged. Nifty Pharma index gained 5.5 per cent. Except, Nifty Metal index, all other sectoral indices were trading in green. Midcap and Smallcap indices ended with over 1 per cent gain.

MARKET UPDATE:Sensex rose 300 points to 38,340 levels and Nifty reclaimed the 11,300 mark

MARKET UPDATE:Sensex rose 300 points to 38,340 levels and Nifty reclaimed the 11,300 mark
Monday, August 10, 2020
The equity markets in India were trading half a percent higher today(10th August 2020), lifted mainly by pharma stocks. Among the benchmark indices, the S&P BSE Sensex rose 300 points to 38,340 levels and the Nifty50 index reclaimed the 11,300 marks. Larsen & Toubro and Mahindra & Mahindra gained 3 percent each in early deals and were the top Sensex gainers. Meanwhile, Divi's Laboratories surged 15 percent after the announcement of its June quarter results. The Nifty sectoral indices were trading in the green, led by the Nifty Pharma index, up 2 percent. One hundred companies including Titan and Bank of Baroda are scheduled to announce their June quarter results today.

Closing Bell: Sensex end flat, Nifty at 11214.05

Closing Bell: Sensex end flat, Nifty at 11214.05
Friday, August 7, 2020
At Close, managed to end marginally in the green with Sensex up 15.12 points or 0.04 per cent at 38040.57, and the Nifty adding 13.80 points or 0.12 per cent at 11214. Among Sensex top gainers were Asian Paints, Bajaj Finance, IndusInd Bank, Bajaj Finserv, Maruti Suzuki and Bharti Airtel. On the flip side, Titan Company was the top loser, followed by HCL Tech, Infosys, M&M, Sun Pharma, LT, UltraTech Cement. Nifty PSU Bank index and Nifty Metal index gained 0.99 per cent and 0.85 per cent. Nifty IT index slipped over 1 per cent. The midcap index gained over a per cent while the IT and pharma sectors ended in the red.

MARKET UPDATE:Sensex, Nifty in the red-sensex at 38000 levels and Nifty gaveup 11,200-mark

MARKET UPDATE:Sensex, Nifty in the red-sensex at 38000 levels and Nifty gaveup 11,200-mark
Friday, August 7, 2020
The equity market in India was trading with slight cuts today (7th August 2020) amid mixed global cues. Among the benchmark indices, the S&P BSE Sensex dipped 30 points to around 38,000 levels and the Nifty50 index gave up the 11,200-mark. HCL Tech, Tata Steel, ICICI Bank (all down over 1%) were the top Sensex laggards while ONGC gained 1 percent. Vodafone Idea slid as much as 7 percent after reporting a sharp rise in its losses to Rs 25,460 crore for the June quarter of FY21 while HPCL's stock gained 4 percent after the company reported a 157 percent jump in its June quarter net profit. The trend among Nifty sectoral indices was largely negative, with the Nifty Bank index, down 0.7 percent, leading the list of losers. On the other hand, the broader market outperformed their benchmark peers after changes in circuit limits for about 650 companies became effective today. The S&P BSE MidCap and SmallCap indexes were both trading 0.7 percent higher. Read more

Closing Bell:Sensex gains 362 points, Nifty at 11200.15

Closing Bell:Sensex gains 362 points, Nifty at 11200.15
Thursday, August 6, 2020
At close, the Sensex was up 362.12 points or 0.96% at 38025.45, and the Nifty was up 98.50 points or 0.89% at 11200.20 post-Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent. Tata Steel was the top Sensex gainer followed by Infosys, HCL Technologies, UPL and Bajaj Finance. while losers were Shree Cements, Eicher Motors, Adani Ports, M&M and Bharti Airtel. About 1567 shares have advanced, 1056 shares declined, and 167 shares are unchanged. Apart from Nifty Auto and Nifty PSU Bank all sectoral indices were up in the green. IT, metal, pharma and FMCG gained more than 1 per cent. BSE Midcap and Smallcap indices rose 0.7 per cent and 1 per cent respectively.

Closing Bell: Sensex down 25 points, Nifty at 11101.65

Closing Bell: Sensex down 25 points, Nifty at 11101.65
Wednesday, August 5, 2020
At close, the Sensex was down 24.58 points or 0.07% at 37663.33, and the Nifty was up 6.40 points or 0.06% at 11101.70. Sensex gainers were Tata Steel, Axis Bank, Maruti Suzuki, Kotak Mahindra Bank and Bajaj Finserv. On the flip side, Power Grid Corporation of India, HDFC Bank, Tech Mahindra, Reliance Industries (RIL), Infosys were among top Sensex losers. About 1611 shares have advanced, 994 shares declined, and 152 shares are unchanged. The nifty Metal index was up over 3 per cent. Nifty Auto and Private Bank indices gained 1 per cent, each. Nifty FMCG index, slipped 0.17 per cent. The midCap index gained 0.92 per cent and the SmallCap index was up 0.8 per cent. Metal, auto, infra and IT sectors ended higher while selling witnessed in the energy and pharma space.

MARKET UPDATE:Sensex up 350 points and reclaims 38,000-mark and Nifty at 11,200 level

MARKET UPDATE:Sensex up 350 points and reclaims 38,000-mark and Nifty at 11,200 level
Wednesday, August 5, 2020
Indian stock market was trading nearly a percent higher today(5th August 2020). The benchmark S&P BSE Sensex was ruling 325 points or 0.86 percent, higher at 38,013 level. Tata Steel and Axis Bank, up 2.4 percent each, were the top gainers on the index, followed by gains in IndusInd Bank and Reliance Industries (up 2 percent each), and Bajaj Finance (1 percent). On the downside, only Power Grid and Nestle were trading as laggards on the 30-share index, down 1 percent each. The broader Nifty50, meanwhile, was inching towards 11,200-level, and was at 11,187 in early deals Sectorally, metal stocks surged higher amid positive global cues. The nifty Metal index was up 2 percent on the NSE, while Nifty Auto and Private Bank indices advanced 1 percent, each. In the broader market, the S&P BSE MidCap index was at 13,984 level, up 0.92 percent. On the other hand, the S&P BSE SmallCap index was up 0.8 percent at 13,424 level.

Closing Bell: Sensex gains 748 points, Nifty at 11095.25

Closing Bell: Sensex gains 748 points, Nifty at 11095.25
Tuesday, August 4, 2020
At close, the Sensex was up 748.31 points or 2.03% at 37687.91, and the Nifty was up 203.70 points or 1.87% at 11095.30. Reliance Industries, HDFC Bank, ONGC, ITC, Asian Paints, and Maruti Suzuki were the top gainers on Sensex. On the other hand Tech Mahindra, HCL Tech, and IndusInd Bank were the worst performer. About 1685 shares have advanced, 933 shares declined, and 133 shares are unchanged. Nifty Auto was the top gainer along with Nifty Media. Nifty IT index slipped into the red, down 0.4 per cent. The S&P BSE MidCap index gained 1 per cent and the S&P BSE SmallCap index was trading nearly 1.3 per cent higher.

MARKET UPDATE:Extended rally-Sensex up 333 points at 37,272 level and Nifty at 10,990 level

MARKET UPDATE:Extended rally-Sensex up 333 points at 37,272 level and Nifty at 10,990 level
Tuesday, August 4, 2020
Equities in Indian markets extended their rally and were trading nearly a percent higher today(4th August 2020). The benchmark S&P BSE Sensex was at 37,272 level in morning deals, up 333 points, or 0.9 percent. RIL, ONGC, ITC, Asian Paints, and Maruti Suzuki trading as top gainers on the index. On the downside, IndusInd Bank, TechM, Power Grid, and HCL Tech slipped in the red. HDFC Bank surged over 5 percent after media reports suggested the Reserve Bank of India has approved Sashidhar Jagdishan's name for the post of CEO of the bank. The broader Nifty50, meanwhile, was at 10,990 level, up 92 points, or 0.9 percent. Sectorally, the Nifty IT index slipped into the red, down 0.4 percent, after US President Donald Trump on Monday signed an executive order restricting federal agencies from contracting or subcontracting foreign workers, hurting Indian IT professionals who work in the US on the H-1B visa. Read more

Closing Bell:Sensex down 667 points, Nifty at 10891.60

Closing Bell:Sensex down 667 points, Nifty at 10891.60
Monday, August 3, 2020
At close, the Sensex was down 667.29 points or 1.77% at 36939.60, and the Nifty was down 181.90 points or 1.64% at 10891.60 weighed down by Reliance Industries and financial counters. Titan was the top gainer, followed by Tata Steel, HCL Tech, L&T, Tata Motors and State Bank of India. On the other hand, losers include UPL, IndusInd Bank, HDFC Life, Kotak Mahindra Bank and IOC. About 1409 shares have advanced, 1213 shares declined, and 169 shares are unchanged. Among sectors, except metal other indices ended in the red. BSE Midcap Index ended 0.3 per cent lower, while the Smallcap Index gained 1 per cent. Volatility index, India VIX, climbed 3.89 per cent to 25.13 levels, indicating increased volatility in the market.

MARKET UPDATE:Sensex slips 300 points aand Nifty below 11,000-mark

MARKET UPDATE:Sensex slips 300 points aand Nifty below 11,000-mark
Monday, August 3, 2020
Equity markets in India started the first trading session of August on a weak start, extending its consolidation phase from the previous week. The benchmark S&P BSE Sensex tanked 290 points, or 0.77 percent, to trade at 37,317 levels in early deals amid selling in financial counters. IndusInd Bank, HDFC Bank, and HDFC Bank, down between 1.5 and 2 percent, were the top laggards on the Sensex index, followed by weakness in HDFC, Bajaj Finance, and Reliance Industries. On the upside, Maruti Suzuki, Bajaj Auto, and M&M were the top gainers on the benchmark index on the back of healthy July auto sales figures. That apart, Bandhan Bank skid over 8 percent on the BSE after 356 million equity shares changed hands on the counter in a block deal. The broader Nifty50, meanwhile, was testing 11,000 level, down 73 points or 0.0.66 percent. Read more

Closing Bell:Sensex down 129 points, Nifty at 11073.45

Closing Bell:Sensex down 129 points, Nifty at 11073.45
Friday, July 31, 2020
At close, the Sensex was down 129.18 points or 0.34% at 37606.89, and the Nifty was down 28.70 points or 0.26% at 11073.50 weighed down by index heavyweights Reliance Industries and the HDFC Bank. Sun Pharma was the top index gainer followed by State Bank of India, M&M, HCL Tech, Axis Bank, ONGC and Tech Mahindra. On the other hand, RIL, HDFC Bank, Kotak Mahindra Bank, Bajaj-Auto, Asian Paints and HDFC were top losers. About 1221 shares have advanced, 1407 shares declined, and 168 shares are unchanged. Nifty Pharma surged over 3.5 per cent. Nifty Financial Services fell 0.61. Pharma, FMCG, IT and metal ended in the green, while selling witnessed in the energy, auto and infra sectors.

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark

MARKET UPDATE:Volatile start-Sensex up by 60 points after slipping to as much as 37,538 levels, and Nifty gave up 11,100-mark
Friday, July 31, 2020
The equity markets in India fluctuated between gains and losses in a volatile start today(31st July 2020). The S&P BSE Sensex was trading 60 points higher at 37,800 levels after slipping to as much as 37,538 levels. The Nifty50 index gave up the 11,100-mark. Reliance Industries slid 2 percent after reporting its June quarter results. The HDFC twins slipped 2 percent each and were among the top Sensex losers. On the other hand, IT stocks were once again in focus with HCL Tech, TCS, Tech Mahindra, and Infosys all rising over 1 percent each. The trend among Nifty sectoral indices mixed. Nifty IT index rose 1 percent while the Nifty Financial Services index dipped 1 percent. Five hundred and seventy-six companies including State Bank of India, Tata Motors, Sun Pharmaceutical Industries, Indian Oil Corporation are scheduled to announce their quarterly results. Read more

Closing Bell:Sensex down 335.06, Nifty at 11102.15

Closing Bell:Sensex down 335.06, Nifty at 11102.15
Thursday, July 30, 2020
At close, the Sensex was down 335.06 points or 0.88% at 37736.07, and the Nifty was down 100.70 points or 0.90% at 11102.20 mainly due to selling in the financial counters. Sun Pharma was the top gainer, Maruti, Dr Reddys Labs and Infosys. IndusInd Bank was the worst-performing stock, followed by HDFC, BPCL and Axis Bank. About 1033 shares have advanced, 1570 shares declined, and 167 shares are unchanged. All sectoral indices ended with loses, except Nifty IT and Nifty Pharma. while BSE Midcap and Smallcap indices ended marginally lower.

MARKET UPDATE:Sensex up by 263 points to hover around 38,334 levels, and Nifty around 11,270 level

MARKET UPDATE:Sensex up by 263 points to hover around 38,334 levels, and Nifty around 11,270 level
Thursday, July 30, 2020
Equity markets in India were trading half a percent higher today(30th July 2020). The S&P BSE Sensex added 263 points to hover around 38,334 levels and the Nifty50 index was trading around 11,270 levels. IT stocks-HCL Tech, TCS, and Infosys-rose over 1 percent. Bharti Airtel gained 2 percent after posting a 15 percent growth in Q1 revenue. while InterGlobe Aviation slipped 4 percent before recouping losses after posting its biggest-ever quarterly loss. The Nifty sectoral indices were trading in the green, led by the Nifty IT index, up 1 percent. Four hundred and three companies, including Reliance Industries, HDFC, and Dabur India, are slated to report their quarterly earnings today. Read more

Closing Bell:Sensex down 421 points, Nifty holds at 11202.85

Closing Bell:Sensex down 421 points, Nifty holds at 11202.85
Wednesday, July 29, 2020
At close, the Sensex was down 421.82 points or 1.10% at 38071.13, and the Nifty was down 97.60 points or 0.86% at 11202.90 as investors booked profit in the recent outperformers. Reliance Industries Ltd was the top Sensex loser followed by M&M, HCL Tech, and Nestle. While the gainers were IndusInd Bank, Tata Steel, UltraTech Cement, Sun Pharma, Bajaj Finance, and L&T.About 1359 shares have advanced, 1300 shares declined, and 129 shares are unchanged. Nifty Pharma gained 3 per cent, Nifty PSU Bank index gained over 1.5 per cent. Nifty Auto fell over 1 per cent. Most of the sectoral indices ended in the red, while Nifty Pharma, Nifty Metal, and Nifty PSU Bank were the top sectoral gainers.BSE MidCap index gained 0.68 per cent. BSE SmallCap gained over 0.4 per cent.

MARKET UPDATE:Volatile start: Sensex slipped 100 points to 38,400 levels, and Nifty slipped below 11,300-mark

MARKET UPDATE:Volatile start: Sensex slipped 100 points to 38,400 levels, and Nifty slipped below 11,300-mark
Wednesday, July 29, 2020
The equity market in India had a volatile start today on the back of mixed cues in Asian markets. The S&P BSE Sensex slipped 100 points to 38,400 levels and the Nifty50 index slipped below the 11,300-mark. IndusInd Bank surged as much as 7 percent after the bank got approval to raise Rs 3,288 crore through preferential issue of fully paid-up shares. Besides, YES Bank also rose 3 percent higher after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty PSU Bank index, up 1.6 percent. One hundred and eighty companies are scheduled to announce their quarterly earnings today. Analysts expect Bharti Airtel to post a loss of as much as Rs 318.9 crore as compared to Rs 5,236.9 crore loss reported in Q4FY20. Revenue growth for the quarter, however, is likely to remain flat with India's non-wireless revenues traction remaining robust. Read more

Closing Bell: Sensex gains 558 points, Nifty at 11300.55

Closing Bell: Sensex gains 558 points, Nifty at 11300.55
Tuesday, July 28, 2020
At close, the Sensex was up 558.22 points or 1.47% at 38492.95, and the Nifty was up 168.70 points or 1.52% at 11300.50 tracking gains from its Asian peers. Ultratech Cement, Kotak Mahindra Bank, TCS, M&M, Maruti Suzuki, IndusInd Bank and Tech Mahindra were major Sensex gainers, While ICICI Bank, Nestle India, Asian Paints, ONGC and ITC were among the top Sensex losers. About 1315 shares have advanced, 1300 shares declined, and 151 shares are unchanged. The nifty Auto index gained 3.21 per cent. Nifty IT index too jumped over 2 per cent. All the sectoral indices ended in the green.BSE Midcap and Smallcap indices rose over 0.5 per cent each.

MARKET UPDATE:Sensex up by 210 points at 38,140 levels, and Nifty above at 11,200 level

MARKET UPDATE:Sensex up by 210 points at 38,140 levels, and Nifty above at 11,200 level
Tuesday, July 28, 2020
Equity markets in India climbed higher today(28th July 2020), tracking gains from other Asian markets. The S&P BSE Sensex was trading around 38,140 levels, up 210 points and the Nifty50 index was trading above the 11,200-mark. Tech Mahindra surged over 5 percent after its June quarter profit before tax rose 32.9 percent sequentially to Rs 1,283 crore. IndusInd Bank also gained over 2 percent ahead of its quarterly results. Meanwhile, YES Bank tanked another 10 percent in early deals. The trend among Nifty sectoral indices was green, led by the Nifty IT index, up 1.3 percent. One hundred and thirty-two companies, including IndusInd Bank, UltraTech Cement, and Nestle India, are scheduled to announce their results today.

Closing Bell: Sensex falls 194 points, Nifty at 11131.80

Closing Bell: Sensex falls 194 points, Nifty at 11131.80
Monday, July 27, 2020
At close, the Sensex was down 194.17 points or 0.51% at 37934.73, and the Nifty was down 62.40 points or 0.56% at 11131.80 mainly on selling in financial counters. Asian Paints, HCL Tech, Infosys, TCS and BPCL were the top gainers on Sensex today. ICICI Bank, HDFC Bank, Axis Bank, Zee Entertainment and IndusInd Bank were major losers in the Sensex. About 857 shares have advanced, 1790 shares declined, and 161 shares are unchanged. Among sectors, IT and metal indices ended in the green, while banks, pharma, auto and FMCG remained under pressure. BSE Midcap and Smallcap indices fell 1 per cent each.

MARKET UPDATE:Fluctuating market-Sensex at 38,100 levels, and Nifty holding at 11,200 level

MARKET UPDATE:Fluctuating market-Sensex at 38,100 levels, and Nifty holding at 11,200 level
Monday, July 27, 2020
Equity markets in India fluctuated between minor gains and losses today(27th July 2020) amid mixed global cues. The S&P BSE Sensex hovered around 38,100 levels while the Nifty50 index continued to hold the 11,200 level. Among individual stocks, HDFC Bank dipped over 2 percent after Managing Director Aditya Puri sold 95 percent of his shareholding in the bank valued at Rs 842.7 crore between July 21 and July 23. YES Bank tanked 10 percent after the over 12.5 billion new shares issued in the follow-on public offering commenced trading. Besides, Reliance Industries, TCS, and HCL Tech rose over 1 percent each and were the top Sensex gainers. The trend among Nifty sectoral indices was mixed, with the Nifty Bank index, down 1.3 percent, leading the list of losers. One hundred companies including Tech Mahindra, Marico, and Havells India are scheduled to announce their quarterly results today.

Closing Bell:Sensex down 12 points, Nifty at 11194.15

Closing Bell:Sensex down 12 points, Nifty at 11194.15
Friday, July 24, 2020
At close, the Sensex was down 39.35 points or 0.10% at 38101.12, and the Nifty was down 21.30 points or 0.19% at 11194.20 with negative bias led by selling in financial, auto, and metal counters. HCL Tech and Reliance Industries were the top Sensex gainers followed by Tech Mahindra, Sun Pharma, and IndusInd Bank. Axis Bank, SBI, Zee Entertainment and ICICI Bank being the worst performers on Sensex. About 1055 shares have advanced, 1557 shares declined, and 140 shares are unchanged. Nifty Pharma was up 1.38%. Nifty Metal was down over 2%, followed by banking and finance indices. Nifty financial services were down 1.55%. Except IT and Energy other sectoral indices ended in the red, while BSE Smallcap and Midcap indices ended lower.

MARKET UPDATE:Sensex dips 250 points to 37,880 levels, and Nifty below 11,200

MARKET UPDATE:Sensex dips 250 points to 37,880 levels, and Nifty below 11,200
Friday, July 24, 2020
The Indian markets slipped half a percent today(24th July 2020), dragged down primarily by financials, due to weak global cues. The S&P BSE Sensex dipped 270 points to 37,880 levels and the Nifty50 index was hovering around 11,150-mark. Asian Paints and State Bank of India (both down 2%) were the top Sensex laggards. On the other hand, Sun Pharma rose as much as 3 percent in early deals, and Reliance Industries was also trading 1 percent higher on reports that Amazon is in talks to buy a 9.9 percent stake in its retail arm. Meanwhile, Biocon was trading with marginal gains after announcing its June quarter results while Mphasis rose over 5 percent after announcing its quarterly numbers. Barring the Nifty Pharma index, which is up 1 percent, the trend among Nifty sectoral indices was negative, led by the Nifty Bank index, down over 1 percent. Read more

Closing Bell: Sensex up 268 points, Nifty at 11215.45

Closing Bell: Sensex up 268 points, Nifty at 11215.45
Thursday, July 23, 2020
At close, the Sensex was up 268.95 points or 0.71% at 38140.47, and the Nifty was up 82.90 points or 0.74% at 11215.50. Reliance Industries, State Bank of India and ICICI Bank Eicher Motors were major gainers in the Sensex pack, While losers include Axis Bank, HUL, Shree Cements, Infosys, and TCS were major losers. About 1436 shares have advanced, 1184 shares declined, and 145 shares are unchanged. Nifty Metal index, up 0.7 per cent. Nifty IT down 0.18%. Except IT other indices ended in the green. BSE Midcap and Smallcap indices also ended higher.

MARKET UPDATE:Indian markets trading with slim gains -Sensex rose 54 points to 37,920 levels, and Nifty at 11,150 levels

MARKET UPDATE:Indian markets trading with slim gains -Sensex rose 54 points to 37,920 levels, and Nifty at 11,150 levels
Thursday, July 23, 2020
The equity markets in India were trading with slim gains today(23rd July 2020), in line with the trends in Asian markets. The S&P BSE Sensex rose 54 points to 37,920 levels and the Nifty50 index hovered above 11,150 levels. Asian Paints (up 2%) was the top Sensex gainer. Larsen & Toubro was also trading over 1 percent higher after announcing its June quarter results. ICICI Securities also rose as much as 7 percent following the announcement of its quarterly results. Meanwhile, YES Bank hit a 20 percent lower circuit at Rs 14.60 on the BSE. The Nifty sectoral indices were trading mixed, with the Nifty Metal index, up 0.7 percent, leading the list of gainers. Specialty chemical company Rossari Biotech will get listed at the bourses today. The public issue, which consists of a fresh issue of Rs 50 crore and an offer for sale of 1.05 crore shares by promoters, saw a massive subscription of 79.37 times backed by QIB and non-institutional investors. Read more

Closing Bell:Sensex dips 59 points, Nifty at 11132.60

Closing Bell:Sensex dips 59 points, Nifty at 11132.60
Wednesday, July 22, 2020
At Close, Sensex ended 58.81 points or 0.16 per cent at 37871.52, and the Nifty shed18.60 points or 0.17 per cent at 11143.70. Axis Bank was the top gainer on Sensex followed by Titan and Power Grid. HUL was the top loser followed by Tata Steel, Hero MotoCorp and BPCL About 1164 shares have advanced, 1448 shares declined, and 147 shares are unchanged. Except for Nifty Bank, Nifty Pharma, Nifty Media, and Nifty Private Bank, all sectoral indices , auto, IT and PSU banks dragged the most and ended in the red.

MARKET UPDATE:Indian market volatile-Sensex slipped 70 points to 37,861 level, and Nifty at 11,144 level down 18 points

MARKET UPDATE:Indian market volatile-Sensex slipped 70 points to 37,861 level, and Nifty at 11,144 level down 18 points
Wednesday, July 22, 2020
The benchmark S&P BSE Sensex slipped around 70 points, or 0.18 percent, to trade at 37,861 level, after hitting a high of 38,199 in the opening deals. Axis Bank, Bajaj Finserv, and ICICI Bank were the top gainers on the 30 shares index, while Hindustan Unilever, Maruti Suzuki, and Bajaj Finance were the top drags. Individually, Axis Bank leaped 6 percent after the lender's logged strong net interest income (NII) growth, controlled opex, and sequential decline in provisions. Besides, outstanding funded BB & below pool declined slightly to Rs 6,420 crore while the moratorium book plummeted to 9.7 percent, which eased concerns on the asset quality outlook. On the downside, HUL slipped 2 percent to Rs 2,277 on the BSE on profit booking post the FMCG major's June quarter result. Read more

Closing Bell:Sensex gains 511 points, Nifty at 11162.25

Closing Bell:Sensex gains 511 points, Nifty at 11162.25
Tuesday, July 21, 2020
At close, the Sensex was up 511.34 points or 1.37% at 37930.33, and the Nifty was up 140.10 points or 1.27% at 11162.30. ICICI Bank was the top Sensex gainer followed by Ultra Cement, HCL Tech, Axis Bank, BPCL, Eicher Motors and HDFC Bank. while losers included Bajaj Finance, Bajaj Finserv, Britannia, Bharti Infratel and Cipla. About 1427 shares have advanced, 1223 shares declined, and 155 shares are unchanged. Nifty PSU Bank index gained to 2%, followed by Nifty Private Bank and Nifty Bank index. Auto, bank, energy, metal and infra sectors ended in the green, while pharma and FMCG stocks remained under pressure.

MARKET UPDATE:Sensex aup 400 points to 37,856 levelels, and Nifty 112.5 points up at 11,135 levels

MARKET UPDATE:Sensex aup 400 points to 37,856 levelels, and Nifty 112.5 points up at 11,135 levels
Tuesday, July 21, 2020
The Indian stock market opened on a positive note today(21st July 2020) amid across-the-board buying and firm global cues. The S&P BSE Sensex was ruling over 400 points or over 1 percent higher at 37,856 levels while the NSE's Nifty50 was trading 112.5 points or 1 percent higher at 11,135 points. Among individual stocks, ICICI Bank was up 2.6 percent and was the top gainer on the Sensex, followed by Power Grid and Ultratech Cement. FMCG major HUL was trading nearly 0.5 percent higher at Rs 2,341.35 ahead of its June quarter numbers later in the day. On the sectoral front, all the indices on the NSE were trading in the green. Nifty PSU Bank was up over 2 percent at 1,472.40 levels. In the broader market, the S&P BSE MidCap index gained 0.78 percent higher at 13,761 levels while the S&P BSE SmallCap index was trading at 13,020, up 0.8 per cent. Read more

Closing Bell: Sensex gains 398 points, Nifty at 11022.20

Closing Bell: Sensex gains 398 points, Nifty at 11022.20
Monday, July 20, 2020
At close, the Sensex was up 398.85 points or 1.08% at 37418.99, and the Nifty was up 120.50 points or 1.11% at 11022.20.HDFC Bank, after reporting a 20% jump in net profit in the June quarter, was the top gainer on Sensex, followed by HCL Tech, Infosys, Britannia Industries, Bajaj Finance, HCL Tech, Bajaj Finserv and ICICI Bank. On the other end, Sun Pharma was a major loser followed by Titan, HUL, Cipla, Zee Entertainment, BPCL, and Kotak Mahindra Bank. About 1487 shares have advanced, 1154 shares declined, and 181 shares are unchanged. Nifty Private Bank index was up 1.34%, followed by Nifty Bank. Among sectors, except pharma other indices ended in the green. BSE Midcap and Smallcap indices ended with 1 per cent gain.

MARKET UPDATE:Sensex advanced 360 points to 37,380 levelels, and Nifty surpassed the crucial 11,000-mark

MARKET UPDATE:Sensex advanced 360 points to 37,380 levelels, and Nifty surpassed the crucial 11,000-mark
Monday, July 20, 2020
In Indian markets, bulls kept their hold on the benchmark indices today(20th July 2020) The frontline S&P BSE Sensex advanced 360 points, or 0.97 percent, to 37,380 level in the early deals with 20 out of 30 constituents trading in the green on the index. The broader Nifty50 index, on the other hand, surpassed the crucial 11,000-mark and hit a high of 11,013.90 level in the morning deals. Among individual stocks, HDFC Bank surged 3 percent to Rs 1,132 level after the bank's June quarter result came in line with Street expectations. That apart, parent company HDFC gained 1.5 percent on the Sensex. That apart, Vodafone Idea jumped 6 percent to Rs 9.4 apiece as it paid Rs 1,000 crore to the government over the weekend as part of its Adjusted Gross Revenue (AGR) dues. Read more

Closing Bell:Sensex gains 548 points, Nifty at 10901.70

Closing Bell:Sensex gains 548 points, Nifty at 10901.70
Friday, July 17, 2020
At close, the Sensex was up 548.46 points or 1.50% at 37020.14, and the Nifty was up 161.70 points or 1.51% at 10901.70, led by energy, infra stocks.ONGC, Reliance Industries (RIL), Titan Company, HDFC Bank, M&M, Bajaj Finance and ICICI Bank were the top Sensex gainers. While Nestle India, TCS, Infosys, HCL Tech and Axis Bank were top Sensex losers. About 1622 shares have advanced, 978 shares declined, and 153 shares are unchanged. The nifty Metal index gained 2.25 per cent. Except IT all other sectoral indices ended in the green. BSE Midcap and Smallcap indices gained over 1 per cent each.

MARKET UPDATE:Sensex rose to 36,600 levels, and Nifty hovered around 10,800 mark

MARKET UPDATE:Sensex rose to 36,600 levels, and Nifty hovered around 10,800 mark
Friday, July 17, 2020
The Equity market in India was trading higher in today's(17th July 2020) range-bound session, lifted by metals and auto stocks. The S&P BSE Sensex rose 130 points to 36,610 levels and the Nifty50 index hovered around 10,800 levels. HCL Tech climbed as much as 2 percent after the announcement of its June quarter results. Britannia Industries also gained 2 percent ahead of the announcement of its quarterly results. Besides, Tata Steel, up 3 percent, was the top Sensex gainer. The trend among Nifty sectoral indices was positive, led by the Nifty Metal index, up 1 percent. Thirty-two companies including Britannia Industries, and ICICI Lombard are scheduled to announce their quarterly results.

Closing Bell: Sensex surges 420 points,Nifty at 10739.95

Closing Bell: Sensex surges 420 points,Nifty at 10739.95
Thursday, July 16, 2020
At close, the Sensex was up 419.87 points or 1.16% at 36471.68, and the Nifty was up 121.80 points or 1.15% at 10740. Infosys gained the most followed by M&M, Nestle India, IndusInd Bank, Kotak Mahindra Bank, HCL Tech and Bajaj Finance. On the other hand, Tech Mahindra, ITC, NTPC, Power Grid Corporation of India. About 1058 shares have advanced, 1512 shares declined, and 158 shares are unchanged. Titan Company, ICICI Bank and Bharti Airtel were among top losers on the index. Nifty IT index was top sectoral gainer, with a growth of 2.82.BSE Midcap Index ended with a 0.7 per cent gain, while the BSE Smallcap index ended marginally lower.

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 36,050 levels, and Nifty hovered 10,600 mark

MARKET UPDATE:Sensex, Nifty volatile;Sensex around 36,050 levels, and Nifty hovered 10,600 mark
Thursday, July 16, 2020
In Indian markets, benchmark indices erased the majority of the opening gains in a volatile start today(16th July 2020). The S&P BSE Sensex was trading near 36,050 levels and the Nifty50 index hovered around 10,600-mark. IT services major Infosys surged 10 percent after its June quarter results beat Street estimates with an 11.5 percent YoY rise in net profit at Rs 4,233 crore. Besides, other IT stocks also gained. HCL Tech, TCS, and Tech Mahindra climbed between 1 to 4 percent and were the top Sensex gainers. Twenty-two companies including Cyient and Bajaj Consumer Care are scheduled to announce their March quarter results today

Closing Bell:Sensex slips 758 points from day's high,Nifty at 10618.20

Closing Bell:Sensex slips 758 points from day's high,Nifty at 10618.20
Wednesday, July 15, 2020
At close, the Sensex was up 18.75 points or 0.05% at 36051.81, and the Nifty was up 10.80 points or 0.10% at 10618.20. Wipro gaining the most followed by Infosys, Tech Mahindra, HCL Tech, Tata Steel, Axis Bank, Bajaj Finance and TCS. On the other hand, Bharti Airtel, Reliance Industries, Kotak Mahindra Bank, ITC, Nestle India were among the top Sensex losers. RIL dips 4% post-AGM. About 1083 shares have advanced, 1503 shares declined, and 156 shares are unchanged. Nifty IT index gained 3 per cent followed by Nifty Metal index which gained over one per cent. Energy, infra and PSU bank ended lower. while buying witnessed in the IT, pharma, FMCG and Auto space.

MARKET UPDATE:Sensex up 430 points,around 36,450 levels, and Nifty topped the 10,700 level

MARKET UPDATE:Sensex up 430 points,around 36,450 levels, and Nifty topped the 10,700 level
Wednesday, July 15, 2020
In Indian markets, today(15th July 2020)benchmark indices rose over one percent on the back of firm global cues. The S&P BSE Sensex was trading around 36,450 levels, up 430 points, and the broader Nifty50 index topped the 10,700 level. Infosys gained 2 percent ahead of the announcement of its June quarter results later in the day. Besides, Reliance Industries was also trading one percent higher ahead of the company's 43rd Annual General Meeting which will be held via videoconferencing later in the day. Moreover, Wipro surged 10 percent in early deals after reporting better-than-expected quarterly numbers. All the Nifty sectoral indices were trading in the green, led by the Nifty IT index, up 2 percent. Read more

Some factors behind today's market crash

Some factors behind today's market crash
Tuesday, July 14, 2020
Markets witness sharp sell-off today with financials bearing the greatest brunt, on the back of weak global cues, and concerns with regard to rising Covid-19. Technically too, markets are trading closer to key resistance levels, so profit-booking is being witnessed. Going forward, we could see a rise in INDIA VIX, indicating short-term concerns and fears of the investor community. The 30-share flagship BSE Sensex plunged 752 points to 35,941 while broader NSE Nifty tumbled 219 points to 10,583. Bank, auto, financials, media, and metal stocks, which surged in the recent rally, were under heavy pressure. Read more

Closing Bell: Sensex drops 660 points, Nifty at 10607.35

Closing Bell: Sensex drops 660 points, Nifty at 10607.35
Tuesday, July 14, 2020
At close, the Sensex was down 660.63 points or 1.80% at 36033.06, and the Nifty was down 195.30 points or 1.81% at 10607.40. IndusInd Bank, Axis Bank, Maruti Suzuki, State Bank of India (SBI), HDFC, Bajaj Finserv and ICICI Bank were major losers. While Bharti Airtel, Dr Reddy's Labs and Titan Company were major gainers. About 820 shares have advanced, 1829 shares declined, and 116 shares are unchanged. Nifty Bank index plunged 3.5 per cent, Nifty PSU Bank down 3.53 per cent and Nifty Private Bank index fell 3.68 per cent. Nifty Pharma was the only index that ended in the green-up 0.48 per cent, rest all the sectoral indices settled in the red.BSE Midcap and Smallcap indices ended 1 per cent lower. The volatility index, India VIX rose 5.73 per cent to 26.70 levels

MARKET UPDATE:Sensex down 315 points to 36,380 levels and Nifty slipped below the 10,750 levels

MARKET UPDATE:Sensex down 315 points to 36,380 levels and Nifty slipped below the 10,750 levels
Tuesday, July 14, 2020
The markets in India slipped half a percent today (14th July 2020), dragged mainly by the HDFC twins, following weak global cues. The S&P BSE Sensex was down 315 points to 36,380 levels. Both HDFC and HDFC Bank slipped more than 2 percent and were among the top Sensex laggards after the latter conducted a probe into allegations of improper lending practices in its vehicle-financing operation. Besides, IndusInd Bank also dipped 2 percent. The broader Nifty50 index also slipped below the 10,750 levels. The trend among Nifty sectoral indices was largely negative, led by the Nifty PSU Bank index, down 1.6 percent. Read more

Closing Bell:Sensex gains 99.36 points, Nifty at 10802.70

Closing Bell:Sensex gains 99.36 points, Nifty at 10802.70
Monday, July 13, 2020
At close, the Sensex was up 99.36 points or 0.27% at 36693.69, and the Nifty was up 34.70 points or 0.32% at 10802.70. Tech Mahindra, HCL tech, JSW Steel and Reliance Industries were the major gainers in the Sensex pack. HDFC Bank, Bajaj Finance, HDFC, Power Grid and ICICI Bank were major losers. About 1110 shares have advanced, 1543 shares declined, and 175 shares are unchanged. Nifty IT gained 1.2 per cent. Nifty PSU Bank index was down 1.7 per cent, followed by Nifty Bank index. Nifty Metal was top gainer while all banking and financial services indices were in the red. BSE Midcap and Smallcap indices ended flat.

MARKET UPDATE:Sensex jumped 415 points to 37,000 levels and the Nifty at crucial 10,800 mark

MARKET UPDATE:Sensex jumped 415 points to 37,000 levels and the Nifty at crucial 10,800 mark
Monday, July 13, 2020
The equity market in India started the week today (13th July 2020) on a strong note and was trading one percent higher, on the back of firm global cues. The S&P BSE Sensex jumped 415 points and reclaimed the 37,000 levels and the Nifty50 index conquered the crucial 10,800-mark. Reliance Industries rose over 2 percent and hit a lifetime high on the BSE after it announced the sale of 0.15 percent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Besides, Tata Steel and Tech Mahindra also gained 2 percent each. Meanwhile, Avenue Supermarts tumbled 5 percent after the announcement of its June quarter results. All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1.8 percent. Eighteen companies including 5Paisa, India Home Loan, and MBL Infrastructures, are scheduled to announce their quarterly earnings today.

Closing Bell:Sensex slips 143 points, Nifty at 10768.05

Closing Bell:Sensex slips 143 points, Nifty at 10768.05
Friday, July 10, 2020
At close, the Sensex was down 143.36 points or 0.39% at 36594.33, and the Nifty was down 45.50 points or 0.42% at 10768 amid weak global cues. Sun Pharma was the top gainer on Sensex followed by HUL, Bharti Airtel,Reliance Industries and Bajaj Finance. On the other end, Tech Mahindra was the top loser followed by Tata Steel, HDFC, Titan Company and IndusInd Bank. About 989 shares have advanced, 1646 shares declined, and 159 shares are unchanged. Nifty Pharma, Nifty Realty, and Nifty FMCG were the top sectoral gainers. Nifty PSU Bank index fell 2.67% while the Nifty Private Bank index was down 2.3%. Bank, metal and auto remained under pressure.

MARKET UPDATE: Sensex around 36,650; Nifty slipped below 10,800-mark

MARKET UPDATE: Sensex around 36,650; Nifty slipped below 10,800-mark
Friday, July 10, 2020
The Indian markets were trading with slight cuts today (10th July 2020) after weak cues from global markets. The S&P BSE Sensex hovered at around 36,650 levels. IndusInd Bank (down 2%) was the top Sensex loser, followed by Tech Mahindra and Mahindra & Mahindra (both down over 1%). TCS fluctuated between minor gains and losses after reporting a 13.8 percent YoY decline in its June quarter profits. The broader Nifty50 index also slipped below the crucial 10,800-mark. The majority of the Nifty sectoral indices were trading in the red, led by Nifty Private Bank and Nifty Metal indexes, both down 1 percent each. Forty-four companies, including IRCTC, Lakshmi Vilas Bank, SAIL are scheduled to announce their quarterly numbers.

Closing Bell:Sensex gains 408 points, Nifty at 10813.45

Closing Bell:Sensex gains 408 points, Nifty at 10813.45
Thursday, July 9, 2020
At close, the Sensex was up 408.68 points or 1.12% at 36737.69, and the Nifty was up 107.70 points or 1.01% at 10813.50 after Prime Minister Narendra Modi, at the India Global Week Summit, said India was seeing green shoots of economic recovery. Hindalco Industries, SBI, Bajaj Finance, Tata Steel and HDFC were among major gainers on the Nifty, while losers were Bharti Infratel, Coal India, Tech Mahindra, ONGC and Hero MotoCorp. Nifty Auto, Nifty FMCG. Nifty Metal was up over 2%. Except for FMCG, other sectoral indices ended in the green. BSE Midcap and Smallcap ended with marginal gains.

MARKET UPDATE: Sensex up 120 points to hover around 36,800; Nifty holds 10,800

MARKET UPDATE: Sensex up 120 points to hover around 36,800; Nifty holds 10,800
Wednesday, July 8, 2020
Equity markets in India were trading with slim gains today(8th July 2020), lifted by public sector banks and metals. The S&P BSE Sensex was up 120 points to 36,800 levels and the Nifty50 index hovered around 10,830-mark. IndusInd Bank (up 5%) gained the most among Sensex constituents, followed by Bajaj Auto and Mahindra & Mahindra (both up 1%). As per media reports, US-based hedge fund Route One Investment Company is in talks to increase its stake in IndusInd Bank. Titan Company rose a little over 1 percent after giving a business update for the June quarter of FY21. The Nifty sectoral indices were largely in the green, led by the Nifty PSU Bank index, up 1.5 percent. Twelve companies are slated to report their March quarter earnings today, while South Indian Bank is scheduled to report June quarter results.

Closing Bell:Sensex gains 187.24 points,Nifty at 10799.65

Closing Bell:Sensex gains 187.24 points,Nifty at 10799.65
Tuesday, July 7, 2020
At close, the Sensex was up 187.24 points or 0.51% at 36674.52, and the Nifty was up 36.00 points or 0.33% at 10799.70 supported by buying in financial and IT counters. About 1312 shares have advanced, 1374 shares declined, and 151 shares are unchanged. Bajaj Finance shares gained the most, followed by IndusInd Bank, Bajaj Finance, Infosys and ICICI Bank and Bajaj Finserv. while losers included Adani Ports, Power Grid Corp, ITC, NTPC and Grasim Industries. Nifty Private Bank gained 2.4%. Nifty IT, up 1.85%. Nifty Bank, Nifty Financial Services, Nifty Auto, Nifty Media were among the other sectoral indices to end the day with gains. While metal, energy, infra, pharma and FMCG ended lower. BSE Midcap and Smallcap indices ended higher.

MARKET UPDATE: Sensex up 50 points to hover around 36,570; Nifty at 10,750 level

MARKET UPDATE: Sensex up 50 points to hover around 36,570; Nifty at 10,750 level
Tuesday, July 7, 2020
The Indian benchmark indices were trading with slim gains today(7th July 2020), in line with the trends in the Asian markets. The S&P BSE Sensex rose 50 points to 36,570 levels and the Nifty50 index hovered above 10,750 levels. Bajaj Finance rose 2 percent after announcing its June quarter (Q1FY21) business update. The stock was the top Sensex gainer. Among other individual stocks, Bajaj Auto and Infosys also climbed 2 percent each. The trend among Nifty sectoral indices was mixed, with the Nifty IT index, up 1%, leading the list of gainers. Twenty-four companies are scheduled to announce their March quarter earnings today.

The aversion to risks is steadily reducing in the stock market

The aversion to risks is steadily reducing in the stock market
Monday, July 6, 2020
The aversion to risks is steadily reducing in the stock market, which had surged to the highest levels in over a decade in March following the COVID-19-related worries. The Volatility Index (VIX) — a measure of options traders’ perception of near-term risks — has fallen to 25.77 on 3rd July, its lowest since March 6, from 86.6 on March 24 as the rebound in the markets aided by softer concerns over the pandemic made investors and traders return to Dalal Street. The index is, however, still above its average range of 13 to 20 — the levels within which it mostly moved in the years earlier. Brokers say the risk appetite is treading its way back as global markets have rallied on liquidity support from central banks, improvement in some economic indicators and strong participation from retail as well as high net-worth investors. Read more

Closing Bell:Sensex gains 465 points, Nifty at 10750

Closing Bell:Sensex gains 465 points, Nifty at 10750
Monday, July 6, 2020
At close, the Sensex was up 465.86 points or 1.29% at 36487.28, while Nifty up 156.30 points or 1.47% at 10763.70 on Strong global cues and encouraging business update by certain companies for Q1F20-21 boosted investor sentiment..M&M, Baja Finance, RIL and Tata Motors were major gainers in the Sensex pack, while losers include Bajaj Auto, Bharti Airtel, HDFC and Gail were major losers. About 1596 shares have advanced, 1144 shares declined, and 182 shares are unchanged. Nifty Auto gained 2.88% and Nifty metal gained 2.47%. Except for pharma, all other indices ended higher.BSE Midcap and Smallcap indices rose over 1 per cent each.

MARKET UPDATE: Sensex up 250 points to hover around 36,280; Nifty at 10,700 level

MARKET UPDATE: Sensex up 250 points to hover around 36,280; Nifty at 10,700 level
Monday, July 6, 2020
In Indian markets the domestic benchmark indices rose half a percent today, mirroring similar gains in other Asian markets. The S&P BSE Sensex gained 250 points to 36,280 levels and the Nifty50 index topped the 10,700-mark. Among individual stocks, HDFC Bank climbed 3 percent on the BSE after the bank gave its first quarter (Q1FY21) business update. The stock was also the top Sensex gainer. Besides, IndusInd Bank (up 2%) and ITC and Bajaj Finance (both up 1%) also gained. The trend among Nifty sectoral indices was positive, led by the Nifty Bank index, up 1.9 percent. Thirty-five companies including NBCC are scheduled to announce their March quarter results today.

Closing Bell:Sensex gains 177 points, Nifty at 10607.35

Closing Bell:Sensex gains 177 points, Nifty at 10607.35
Friday, July 3, 2020
At close, the Sensex was up 177.72 points or 0.50% at 36021.42, and the Nifty was up 55.70 points or 0.53% at 10607.40. Bajaj-Auto, Asian Paints, Hindustan Unilever, L&T, Power Grid and Nestle India were major gainers in the Sensex pack, while losers include Tata Steel, HDFC, Bajaj Finance, M&M, Maruti Suzuki. About 1333 shares have advanced, 1359 shares declined, and 148 shares are unchanged. Nifty FMCG and Nifty IT were top sectoral gainers, up 0.91 per cent and 0.60 per cent, respectively. The Nifty PSU Bank index was down 1 per cent. Except for bank and metal other sectoral indices ended in the green. BSE Midcap and Smallcap indices ended higher.

MARKET UPDATE: Sensex up 150 points to hover around 36,000; Nifty at 10,600 level

MARKET UPDATE: Sensex up 150 points to hover around 36,000; Nifty at 10,600 level
Friday, July 3, 2020
Benchmark indices climbed half a percent today(3rd July 2020), tracking similar trends in other Asian markets. The S&P BSE Sensex rose 150 points to over 36,000 and the Nifty50 index topped the 10,600 level. Bajaj Auto, Axis Bank, and Powergrid (all up 1%) were the top Sensex gainers. Reliance Industries gained 1 percent after the company announced that Intel has invested Rs 1,894.5 crore in Reliance Jio for a 0.39 percent stake. Moreover, JB Chemicals rose 3 percent after it said global investment firm KKR will pick up a controlling stake of 54 percent in the company. Meanwhile, HDFC Life was also trading 3 percent higher as the company will replace Vedanta on Nifty with effect from July 31. The trend among Nifty sectoral indices was positive, led by the Nifty Pharma index, up 0.8 percent. Eighteen companies including Indiabulls Housing Finance are scheduled to announce their results today.

Closing Bell:Sensex gains 430 points, Nifty at 10551.70

Closing Bell:Sensex gains 430 points, Nifty at 10551.70
Thursday, July 2, 2020
At close, the Sensex was up 429.25 points or 1.21% at 35843.70, and the Nifty was up 121.70 points or 1.17% at 10551.70 lifted by gains in auto and IT stocks. Mahindra & Mahindra was the top gainer followed by Titan Company, HCL Tech, Tata Steel, Infosys, TCS, HDFC, Tech Mahindra and Maruti Suzuki. On the other hand, Axis Bank was the top loser followed by Hindustan Unilever (HUL), ICICI Bank, Kotak Mahindra Bank, Bharti Airtel, NTPC, Nestle India and Asian Paints. About 1683 shares have advanced, 1039 shares declined, and 125 shares are unchanged. Nifty Auto and Nifty IT were top sectoral gainers, up 2.89 per cent and 2.65 per cent, respectively. All other sectoral indices ended in the green.BSE Midcap and Smallcap indices rose 1 per cent each.

Are Midcap & smallcaps readying to rally?

Are Midcap & smallcaps readying to rally?
Thursday, July 2, 2020
Some selected smallcap and midcap stocks such as Balkrishna Industries, Deepak Nitrite, Rallis India, and Bajaj Electricals, etc. may deliver up to 26 percent return to investors during the second half of 2020, according to ICICI Securities. The brokerage says after a lull of more than 24 months, the broader market is on the cusp of the next major bull market. The BSE Midcap and BSE Smallcap indices have corrected 29 percent and 38 percent, respectively, from their respective all-time high scaled in January 2018. Benchmark Sensex is down 16 percent from its lifetime high of 42,273, scaled on January 20 this year. Read more

MARKET UPDATE: Sensex up 300 points to hover around 35,750; Nifty at 10,500 mark

MARKET UPDATE: Sensex up 300 points to hover around 35,750; Nifty at 10,500 mark
Thursday, July 2, 2020
In Indian markets today (2nd July 2020)the benchmark indices rose nearly one percent tracking gains from other Asian markets. The S&P BSE Sensex was up 300 points at 35,750 levels and the Nifty50 index reclaimed the 10,500-mark. Mahindra & Mahindra, ONGC, and IndusInd Bank (all up 2%) were the top Sensex gainers. Eveready Industries surged as much as 9 percent on the BSE after the announcement of its March quarter results. The trend among Nifty sectoral indices was positive, led by the Nifty IT index, up 2 percent.

Closing Bell:Sensex gains 499 points, Nifty at 10430.05

Closing Bell:Sensex gains 499 points, Nifty at 10430.05
Wednesday, July 1, 2020
At close, the Sensex was up 498.65 points or 1.43% at 35414.45, and the Nifty was up 127.90 points or 1.24% at 10430 lifted by gains in financials. Axis Bank was the top Sensex gainer, followed by ITC, HDFC, IndusInd Bank, TCS, Bajaj Finserv, Reliance Industries and ICICI Bank. On the other hand, Kotak Mahindra Bank was the top loser on Sensex followed by NTPC, LT, Neste India, ONGC, Maruti Suzuki and Tata Steel. About 1486 shares have advanced, 1251 shares declined, and 120 shares are unchanged. The Nifty Bank index, up 2.4 per cent. Pharma stocks were under pressure. Buying seen in the banks, FMCG, energy and metal While the S&P BSE MidCap was flat, the S&P BSE SmallCap index was up 0.5 per cent.

MARKET UPDATE: Sensex up 190 points to hover around 35,100; Nifty at 10,300 mark

MARKET UPDATE: Sensex up 190 points to hover around 35,100; Nifty at 10,300 mark
Wednesday, July 1, 2020
In India, domestic benchmark indices were trading half a percent higher on 1st July, the first day of the July-September quarter, in tune with the trend in the other Asian markets. The S&P BSE Sensex hovered around the 35,100-mark, up 190 points, while the Nifty held the 10,300-level. ITC, Axis Bank, HDFC, and Reliance Industries (all up 1%) were the top Sensex gainers. On the other hand, Kotak Mahindra Bank (down 3%) and NTPC (down 3%) were the top losers. Shares of ONGC declined 4 percent after the firm posted its first-ever quarterly loss. The trend among Nifty sectoral indices was mixed, with the Nifty Pharma index, down 0.6 percent, leading the list of losers. Six firms, including Eveready, are scheduled to report their March quarter earnings today.

Closing Bell: Sensex ends flat down 45.72 points, Nifty at 10302.10

Closing Bell: Sensex ends flat down 45.72 points, Nifty at 10302.10
Tuesday, June 30, 2020
At close, the Sensex was down 45.72 points or 0.13% at 34915.80, and the Nifty was down 10.30 points or 0.10% at 10302.10 on a flat note with negative bias. Top Sensex gainers were Nestle India, Tata Steel, ICICI Bank, Maruti Suzuki, Britannia Industries, HDFC and Tech Mahindra. On the other hand, Sun Pharma, Power Grid Corporation of India, HDFC Bank, ONGC, UPL and RIL were the top losers on Sensex. About 1259 shares have advanced, 1452 shares declined, and 137 shares are unchanged. Nifty PSU Bank index declined by nearly 2 per cent. The nifty Auto index was top sectoral gainer, up 1.10 per cent. Nifty Financial Services, Nifty FMCG, Nifty Bank and Nifty Private Bank closed into the green. BSE Midcap and Smallcap indices ended lower

MARKET UPDATE: Sensex gained 180 points to hover around 35,120; Nifty testing the 10,400 mark

MARKET UPDATE: Sensex gained 180 points to hover around 35,120; Nifty testing the 10,400 mark
Tuesday, June 30, 2020
The equity market in India rose over half a percent today (30th June 2020), mirroring the trend in most Asian markets. The S&P BSE Sensex gained 180 points to hover around 35,120 levels and the Nifty50 index was testing the 10,400 marks. Among individual stocks, Tata Steel climbed over 4 percent after the announcement of its March quarter results. The stock was the top Sensex gainer in the initial deals. Besides, IndusInd Bank, Axis Bank, and Bajaj Finance (all up 1%) were the other top gainers. The trend among Nifty sectoral indices was mixed, with the Nifty Auto index, up over 1 percent, leading the list of gainers. Five hundred and ninety-six companies including, Vodafone Idea, ONGC, and Sail, are scheduled to announce their March quarter earnings today.

Closing Stock:Sensex down 210 points, Nifty at 10312.40

Closing Stock:Sensex down 210 points, Nifty at 10312.40
Monday, June 29, 2020
At close, the Sensex was down 209.75 points or 0.60% at 34961.52, and the Nifty was down 70.60 points or 0.68% at 10312.40 amid weak global cues and rising COVID-19 cases. Axis Bank, Bajaj Finance, Tech Mahindra, IndusInd Bank, Bajaj Finserv, Tata Steel, Coal India and L&T were the major losers in the Sensex pack, While gainers include Hindustan Unilever (HUL), Nestle India, ITC, HDFC Bank and Sun Pharma were major gainers. About 1135 shares have advanced, 1597 shares declined, and 136 shares are unchanged. Except for FMCG other indices ended in the red. Nifty PSU Bank slumped 3.31 per cent, Nifty Realty fell 3.55 per cent while the Nifty Metal index was down 2.64 per cent. Nifty FMCG index gained 0.72 per cent.BSE Midcap and Smallcap indices lost over 1 per cent each.

MARKET UPDATE:Sensex slipped 240 points to 34,850-mark and Nifty slipped below the 10,300 mark

MARKET UPDATE:Sensex slipped 240 points to 34,850-mark and Nifty slipped below the 10,300 mark
Monday, June 29, 2020
Equity markets in India dipped over half a percent today (29th June 2020), in line with the trends in other Asian markets. The Standard and Poor’s warning that the Indian economy is in deep trouble also weighed on investor sentiment. The rater has projected the Indian economy's growth to contract by 5 percent this fiscal. The headline index S&P BSE Sensex slipped 240 points to 34,850-mark and the broader Nifty50 index slipped below the 10,300 marks. Among individual stocks, Axis Bank, IndusInd Bank, and Bajaj Finance all slid over 3 percent each. Notably, S&P had downgraded the ratings of both Axis Bank and Bajaj Finance during the weekend. On the other hand, shares of ITC rose as much as 4 percent after the announcement of its March quarter results. The trend among Nifty sectoral indices was largely negative, led by the Nifty Bank index, down 1.9 percent. On the other hand, the Nifty Pharma index was up 1 percent. Read more

Nifty will likely hover in the 9,000-10,500 range by year-end:ETMarkets.com survey

Nifty will likely hover in the 9,000-10,500 range by year-end:ETMarkets.com survey
Friday, June 26, 2020
The feeling that the domestic equity market has embarked on a fresh bull run may not for real! Most of the experts on Dalal Street are not expecting Nifty50 to move past the 11,000 marks in 2020. More analysts are betting on a drift in the NSE barometer towards the 9,000 marks, suggests a survey that ETMarkets.com conducted among a dozen brokerages. They generally see a lot of challenges for the equity market in the second half of the calendar. A year-end Nifty target of 11,000 would mean a 7 percent upside over yesterday's close of 10,293, but 10 percent negative returns for the calendar over the December 31, 2019 close of 12,186. The lowest year-end target of 9,000 would require the market to shave off 26 percent from Nifty for the year, or 14 percent from its current level. Read more

Closing Bell:Sensex gains 329 points, Nifty at 10383.00

Closing Bell:Sensex gains 329 points, Nifty at 10383.00
Friday, June 26, 2020
At close, the Sensex was up 329.17 points or 0.94% at 35171.27, and the Nifty was up 94.10 points or 0.91% at 10383, lifted by gains in public sector banks and IT stocks.IT major Infosys and TCS were the top gainers on Sensex followed by IndusInd Bank, BPCL and HDFC Bank. while losers included Bharti Infratel, Bajaj Finance, ITC, Tata Motors and Kotak Mahindra Bank. About 1629 shares have advanced, 1040 shares declined, and 141 shares are unchanged.Nifty IT jumped 3.94%.Except for FMCG and pharma other indices ended in the green.BSE MidCap and SmallCap indexes gained over 0.8 per cent.

MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark

MARKET UPDATE:Sensex rose 250 points to 35,114 levels, and Nifty testing the 10,400-mark
Friday, June 26, 2020
The equity markets in India were trading nearly a percent higher today 26th June 2020), in line with the trend in other Asian markets. The S&P BSE Sensex rose 250 points to 35,114 levels, and the Nifty50 index was testing the 10,400-mark. IndusInd Bank (up 4%) and Infosys (up 2%) were the top Sensex gainers. ITC was also trading 2 percent higher ahead of its March quarter results. The trend among Nifty sectoral indices was positive, led by the Nifty PSU Bank index, up 1.7 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes gained over 0.8 percent. Two hundred forty-seven companies, including ITC, Coal India, and Glenmark Pharma are scheduled to announce their March quarter earnings. According to analysts, ITC is expected to post up to 14 percent decline in its cigarette volumes due to hike in excise duty and Covid-19 induced lockdown.

Closing Bell: Sensex was down 26.88 points, Nifty at 10288.90

Closing Bell: Sensex was down 26.88 points, Nifty at 10288.90
Thursday, June 25, 2020
At close, the Sensex was down 26.88 points or 0.08% at 34842.10, and the Nifty was down 16.40 points or 0.16% at 10288.90. ITC and Bajaj Finance were the top Sensex gainers, followed by Kotak Mahindra Bank, Hero MotoCorp and HUL. While losers were Asian Paints, Hindalco Industries, IOC, Adani Ports and Shree Cements. About 1477 shares have advanced, 1130 shares declined, and 158 shares are unchanged. Nifty FMCG gained 1.9% followed by Nifty Pharma and Nifty Bank. Nifty IT and Nifty Realty were down over 1% each. While BSE Midcap and Smallcap indices ended higher.

MARKET UPDATE: Sensex dips 350 points at 34,520 levels, and the Nifty slips below 10,250-mark

MARKET UPDATE: Sensex dips 350 points at 34,520 levels, and the Nifty slips below 10,250-mark
Thursday, June 25, 2020
The equity markets in India dipped nearly 1 percent today(25th June 2020) after the International Monetary Fund (IMF) projected a sharp contraction of 4.5 percent in India's GDP in FY21. The S&P BSE Sensex hovered at 34,520 levels, down 350 levels, and the Nifty50 index gave up 10,250-mark. IndusInd Bank (down 4%) was the top Sensex loser, followed by Axis Bank, Bajaj Finance, and ICICI Bank (all down 2%). One hundred and forty-seven companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today.

Closing Bell: Sensex down 561 points, Nifty at 10305.30

Closing Bell: Sensex down 561 points, Nifty at 10305.30
Wednesday, June 24, 2020
At Close, Sensex is down 561.45 points or 1.58% at 34868.98, and the Nifty down 165.70 points or 1.58% at 10305.30. Asian Paints, ITC, Nestle India, Reliance Industries, Bank of Baroda and TCS were the major gainers in the Sensex pack. IndusInd Bank, ICICI Bank, Power Grid Corporation of India, NTPC and Bharti Airtel were the losers. About 1245 shares have advanced, 1429 shares declined, and 134 shares are unchanged. Nifty Private Bank index was down 2.18 per cent and the Nifty Pharma index slipped 1.55 per cent. While FMCG index was up over half a per cent.BSE midcap and smallcap indices shed a per cent each at the close.

Market is creating wealth amid all kinds of doubts over rally!

Market is creating wealth amid all kinds of doubts over rally!
Wednesday, June 24, 2020
Amid all kinds of doubts over the ongoing stocks rally in India and the world over, the market is creating wealth! The rapid rise in domestic equities from their March lows has not only helped investors recover much of their losses, but also created big wealth for some, with several stocks doubling prices in just three months. Data showed 95 percent of BSE500 stocks from across sectors have delivered positive returns since March 24, when the ben benchmark BSE Sensex had hit its 52-week low. With a 202 percent rally, TV18 Broadcast emerged chart-topper among the 32 BSE500 stocks that doubled money from their March lows. The stock rose to Rs 37.50 on June 19 from Rs 12.40 on March 24. Others on the list included Hathway Cable & Datacom (up 200 percent), Reliance Power (up 199 percent) and Adani Green Energy (up 198 percent). Read more

MARKRT UPDATE : Sensex up 241 points at 35,670 levels and the Nifty at 10,500 level

MARKRT UPDATE : Sensex up 241 points at 35,670 levels and the Nifty at 10,500 level
Wednesday, June 24, 2020
indices rose over half a percent today(24th June 2020). The S&P BSE Sensex gained 241 points at 35,670 levels and the Nifty50 index reclaimed the psychological level of 10,500. Asian Paints climbed over 3 percent post its March quarter results announcement and were the top Sensex gainer. Besides, Bajaj Finance and ITC also rose 2 percent each. On the other hand, HCL Tech dipped 1.2 percent. Bank of Baroda shot up 9 percent in opening deals after reporting a profit of Rs 507 crore in the March quarter of FY20 (Q4FY20). The trend among Nifty sectoral indices, except Nifty Realty index, was positive, led by the Nifty PSU Bank index, up 1.3 percent. The broader market was performing marginally better than the benchmarks. Both the S&P BSE MidCap and SmallCap index were trading 0.4 percent higher. Eighty-five companies, including the likes of Canara Bank, Indian Oil Corporation, GAIL, and India Cements, are scheduled to announce their March quarter earnings.

Closing Bell:Sensex gains 519 points, Nifty at 10471.00

Closing Bell:Sensex gains 519 points, Nifty at 10471.00
Tuesday, June 23, 2020
At close, the Sensex was up 519.11 points or 1.49% at 35430.43, and the Nifty was up 159.80 points or 1.55% at 10471..About 1929 shares have advanced, 749 shares declined, and 143 shares are unchanged..Bajaj Finance rallies over 9% followed by L&T, IndusInd Bank, NTPC, Hindalco Industries, Power Grid and M&M. On the other hand, Reliance Industries was the top Sensex loser followed by Bharti Airtel and Maruti Suzuki. Nifty PSU Bank index, up 3 per cent. Nifty FMCG index too jumped nearly 2 per cent. All the sectoral indices ended in the green. The S&P BSE MidCap and SmallCap indexes were up 1 per cent and 0.84 per cent, respectively.

MARKET UPDATE:Sensex up 134 points at 35,045 and Nifty gained 50 points to 10,361

MARKET UPDATE:Sensex up 134 points at 35,045 and Nifty gained 50 points to 10,361
Tuesday, June 23, 2020
Bulls were in no mood to lose control of Dalal Street as domestic benchmark indices opened higher, on track to extend their gains to the fourth session today(23rd June 2020) following the global trend inequities. Today at 9.20 AM Sensex was up 134 points or 0.38 percent at 35,045 while NSE benchmark Nifty gained 50 points or 0.49 percent to 10,361. Metal, PSU banks, and auto stocks were in demand while IT stocks were under selling pressure. In the 30-share pack Sensex, IndusInd Bank was the biggest gainer, up 3.65 percent at Rs 507.75, followed by Bajaj twins, Axis Bank, Bajaj Auto, SBI, Maruti Suzuki and Tata Steel that gained in the range of 1-3 percent. All the Nifty sectoral indices, except Nifty IT, were trading higher, led by Nifty PSU Bank index, up 3 percent. Broader indices continued to outperform the benchmarks. The S&P BSE MidCap and SmallCap indexes were up 1 percent and 0.84 percent, respectively. Read more

Closing Bell: Sensex up 179 points, Nifty at 10311.20

Closing Bell: Sensex up 179 points, Nifty at 10311.20
Monday, June 22, 2020
At close, the Sensex was up 179.59 points or 0.52% at 34911.32, and the Nifty was up 66.80 points or 0.65% at 10311.20. Glenmark Pharmaceuticals surged 40 per cent to Rs 572.70 after it became the first Indian company to secure drug regulator’s nod on manufacturing and marketing the antiviral drug, Favipiravir in India. Bajaj-Auto, Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Power Grid Corporation of India and NTPC were major gainers. While HDFC, ONGC, TCS, Reliance Industries (RIL), HDFC Bank, Infosys and M&M were major losers. About 1848 shares have advanced, 853 shares declined, and 159 shares are unchanged. Except for Nifty IT, all the sectoral indices ended the session in green. Nifty Metal gained 2.62 per cent and Nifty Pharma jumped 2.16 per cent. Nifty IT index declined and closed 0.25 per cent lower.BSE Midcap and Smallcap indices rose 1-2 per cent.

MARKET UPDATE:BSE reclaimed the 35,000 level and the Nifty topped 10,300-mark

MARKET UPDATE:BSE reclaimed the 35,000 level and the Nifty topped 10,300-mark
Monday, June 22, 2020
Equity markets in India were rose over a percent in today's (22nd June 2020) morning deals, lifted by pharma and bank stocks. The S&P BSE Sensex gained 400 points and reclaimed the 35,000 level and the Nifty50 index also topped 10,300-mark. Bajaj twins (Bajaj Finserv, Bajaj Finance) both shot up 5 percent each and were the top Sensex gainers. Besides, IndusInd Bank and Bajaj Auto also rose over 2 percent each. Reliance Industries climbed another 2 percent and hit $150 billion m-capitalisation. Among other stocks, Glenmark Pharmaceuticals surged 15 percent to Rs 470.45 after it became the first Indian company to secure drug regulator’s nod on manufacturing and marketing the antiviral drug, Favipiravir in India. The trend among Nifty sectoral indices was all green, except the Nifty IT index, led by the Nifty Pharma index, up 1.8 percent. Read more

Mukesh Ambani's Reliance Group Becomes Net Debt-Free

Mukesh Ambani's Reliance Group Becomes Net Debt-Free
Friday, June 19, 2020
Billionaire Mukesh Ambani said Reliance Industries is now "in its golden decade" as his group became net debt-free, much ahead of its original goal of achieving the status by the end of March 2021. Reliance has turned net debt-free by raising Rs 168,818 crore in two months through the country’s largest-ever rights issue of Rs 53,124.20 crore and series of stake sale deals in its arm Jio Platforms of Rs 115,693.95 crore. "I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021," RIL will set even more ambitious growth goals and achieve them, Mukesh Ambani said in a statement released early on Friday. As per Reliance Industries, the company's net debt was Rs 161,035 crore as on March 31, 2020. Read more

Closing Bell:Sensex gains 500 points, Nifty at 10244.40

Closing Bell:Sensex gains 500 points, Nifty at 10244.40
Friday, June 19, 2020
At close, the Sensex is up 523.68 points or 1.53% at 34731.73, and the Nifty up 152.70 points or 1.51% at 10244.40 supported by the gains in the index heavyweight Reliance Industries as the share crossed the Rs 11 lakh crore of market cap in today's session. Bajaj Finance, ONGC, Tata Motors, Bajaj Finserv, Reliance Industries and Axis Bank were top gainers in the Sensex pack. Infosys, IndusInd Bank, Vedanta, and HCL tec were major losers. About 1759 shares have advanced, 841 shares declined, and 145 shares are unchanged. Nifty PSU Bank index, up 2 per cent. All Sectoral indices, except Nifty Pharma, were in the green.BSE Midcap and Smallcap indices rose 1 per cent each.

MARKET UPDATE:Sensex up 40 points at 34,240 levels and Nifty hovered around 10,100-mark

MARKET UPDATE:Sensex up 40 points at 34,240 levels and Nifty hovered around 10,100-mark
Friday, June 19, 2020
The equity markets in India were trading flat with a positive bias today (19th June 2020), in line with the trends in most Asian indices. The S&P BSE Sensex was up 40 points at 34,240 levels and the Nifty50 index hovered around 10,100-mark. Bajaj Finance, up 4 percent, and ONGC, up 2 percent, were the top gainers in the Sensex pack. Reliance Industries scaled a new lifetime high of Rs 1,684 on the BSE after group chairman Mukesh Ambani said the conglomerate was now net debt-free after recent investments in its digital arm. He also said that RIL will list two group companies in five years. The trend among the Nifty sectoral indices was largely positive, led by the Nifty PSU Bank index, up 1.2 percent. In the broader market, the S&P BSE MidCap index and the SmallCap index climbed 0.6 percent and 1 percent, respectively. Read more

Closing Bell:Sensex gains 700 points, Nifty at 10091.65

Closing Bell:Sensex gains 700 points, Nifty at 10091.65
Thursday, June 18, 2020
At close, the Sensex was up 700.13 points or 2.09% at 34208.05, and the Nifty was up 210.55 points or 2.13% at 10091.70. Bajaj Finance, Kotak Mahindra Bank, Axis Bank, Power Grid, HDFC Bank, Vedanta and State Bank of India (SBI) were the top Sensex gainers, while ONGC, Hindustan Unilever (HUL), TCS, Bharti Airtel and Maruti Suzuki were among the top losers. About 1867 shares have advanced, 706 shares declined, and 133 shares are unchanged. Nifty Bank, Nifty Finance Services, Nifty Metal and Nifty Private Bank were all up, 3.74%, 3.65%, 3% and 3.59%, respectively. Only the Nifty Pharma index ended lower. The S&P BSE MidCap index gained 1 per cent and the SmallCap index rallied around 1.5 per cent.

MARKET UPDATE:Sensex dipped 55 points to 33,450 levels and the Nifty hovered around 9,870

MARKET UPDATE:Sensex dipped 55 points to 33,450 levels and the Nifty hovered around 9,870
Thursday, June 18, 2020
Today (18th June 2020)in Indian markets benchmark indices were trading flat with a negative bias as market participants remained cautious ahead of the Supreme Court hearing on adjusted gross revenue (AGR) case. The ongoing India-China border tensions also kept investor sentiment in check. The S&P BSE Sensex dipped 55 points to 33,450 levels and the Nifty50 index hovered around 9,870. ONGC (down 2%) was the top Sensex loser while Infosys was up 1 percent. Among individual stocks, Muthoot Finance surged over 9 percent to Rs 1,095 after declaring its March quarter results. The trend among sectoral indices was mixed, with the Nifty Bank index trading 0.4 percent lower. In comparison, the broader market outperformed the benchmarks. The S&P BSE MidCap and SmallCap indexes were trading 0.6 and 0.8 percent higher, respectively. Fifty-seven companies, including Bajaj Consumer Care, Whirlpool, and Care Ratings are scheduled to announce their results today.

Closing Bell: Sensex down 97 points, Nifty at 9881.15

Closing Bell: Sensex down 97 points, Nifty at 9881.15
Wednesday, June 17, 2020
At close, the Sensex was down 97.30 points or 0.29% at 33507.92, and the Nifty was down 32.85 points or 0.33% at 9881.15 amid geopolitical tensions and rise in Covid-19 cases. Bharti Airtel, Maruti Suzuki, Wipro, Axis Bank and IndusInd Bank were major gainers in the Sensex pack, while losers include Bharti Infratel, Power Grid, Kotak Mahindra Bank, ITC and Shree Cements. About 1409 shares have advanced, 1116 shares declined, and 152 shares are unchanged. The Nifty Auto index was up nearly 1 per cent. The Nifty Financial Services index, down 0.7 per cent. Except, Nifty FMCG, and Nifty IT, all the sectoral indices were trading in green. The S&P BSE MidCap and SmallCap indexes were up 0.8 per cent and 1 per cent, respectively.

MARKET UPDATE: Sensex erases early losses, jumps 80 points; Nifty tops 9,900

MARKET UPDATE: Sensex erases early losses, jumps 80 points; Nifty tops 9,900
Wednesday, June 17, 2020
Equity markets in India were trading with slim gains after erasing all of the opening losses today (17th June 2020). The S&P BSE Sensex was trading around 33,630 level, up 80 points and the Nifty50 index reclaimed the 9,990-mark. Maruti Suzuki India (up 2%) was the top Sensex gainer, followed by Tech Mahindra and Tata Steel (both up 1%). Powergrid (down 2%) dragged the most. The trend among Nifty sectoral indices was mixed, with the Nifty PSU Bank index, down 1.3 percent, bleeding the most. The broader market fared better than the benchmarks. The S&P BSE MidCap and SmallCap indexes were up over 0.5 percent each. Forty-six companies, including Indraprastha Gas Ltd, JK Cement, and Pidilite Industries, are scheduled to report their March quarter results today.

Closing Bell:Sensex up 376 points, Nifty at 9914.00

Closing Bell:Sensex up 376 points, Nifty at 9914.00
Tuesday, June 16, 2020
At close, the Sensex was up 376.42 points or 1.13% at 33605.22, and the Nifty was up 100.30 points or 1.02% at 9914. Axis Bank, IndusInd Bank, Tech Mahindra, Tata Motors and Bharti Infratel were Sensex losers. While Infosys was the top Sensex gainer, followed by HDFC, Hero MotoCorp, HDFC Bank, HCL Tech, Infosys was the top Sensex gainer, followed by HDFC, Hero MotoCorp, HDFC Bank, HCL Tech and ICICI Bank. About 1191 shares have advanced, 1350 shares declined, and 150 shares are unchanged. Nifty PSU Bank down 0.9 per cent. Nifty Financial Services index, up 2.7 per cent. IT and Metal indices ended higher while selling pressure seen in the pharma, energy, FMCG and infra sectors. The S&P BSE MidCap closed 0.3 per cent higher while the S&P BSE SmallCap index was flat.

MARKET UPDATE:Sensex zooms 650 pts, Nifty tops 10k

MARKET UPDATE:Sensex zooms 650 pts, Nifty tops 10k
Tuesday, June 16, 2020
In the Indian equity market today (16th June 2020) Benchmark indices were trading 2 percent higher on the back of an overnight rally in global markets. The S&P BSE Sensex surged 650 points to 33,920 levels and the Nifty50 index topped the 10,000 level. All the constituents of the Sensex were trading in the green. ICICI Bank and Bajaj Finance (both up 4%) were the top index gainers. All the Nifty sectoral indices were in the green as well, led by the Nifty Bank index, up 3.3 percent. Twenty-five companies, including HPCL, NMDC, and Ipca Labs are scheduled to report their March quarter earnings.

Closing Bell:Sensex down 552 points, Nifty at 9813.70

Closing Bell:Sensex down 552 points, Nifty at 9813.70
Monday, June 15, 2020
At close, the Sensex was down 552.09 points or 1.63% at 33228.80, and the Nifty was down 159.20 points or 1.60% at 9813.70.IndusInd Bank, ICICI Bank, Axis Bank, Tata Motors, Bajaj Finance and NTPC were major losers, while Reliance Industries, Sun Pharma, Nestle India, GAIL, Wipro, HCL Technologies were major gainers. About 1308 shares have advanced, 1223 shares declined, and 170 shares are unchanged. Nifty Media gained 1.16%. Except for pharma and PSU Bank index, other indices ended in the red. BSE Midcap index fell 1 per cent.

MARKET UPDATE:Sensex dipped 320 points to 33,460 levels and Nifty at around 9,900 mark

MARKET UPDATE:Sensex dipped 320 points to 33,460 levels and Nifty at around 9,900 mark
Monday, June 15, 2020
The equity markets in India today were trading with half a percent cuts, in line with trends in other Asian markets. The S&P BSE Sensex dipped 320 points to 33,460 levels and the Nifty50 index gave up around 9,900 marks. Tata Steel and IndusInd Bank (both down 3%) were the top Sensex laggards while Infosys and Sun Pharma gained 1 percent each. The trends in Nifty sectoral indices were mixed with the Nifty Bank index, down 2 percent, leading the losses. Fifty-six companies are scheduled to report their numbers including Ashoka Buildcon, JK Tyre, Pfizer, and Tata Motors.

Closing Bell:Sensex up 242.52 points, Nifty at 9972.90

Closing Bell:Sensex up 242.52 points, Nifty at 9972.90
Friday, June 12, 2020
At Close, Sensex is up 242.52 points or 0.72% at 33780.89, and the Nifty up 70.90 points or 0.72% at 9972.90. Reliance Industries, Bajaj Finance, Bharti Airtel, Sun Pharma, SBI and Titan were among the other top Sensex gainers. While ONGC, Tech Mahindra, Power Grid, Infosys, Kotak Mahindra Bank, TCS and Axis Bank were major losers. About 1224 shares have advanced, 1226 shares declined, and 150 shares are unchanged. Nifty Media and Nifty IT ended on a positive note. The nifty Auto index jumped nearly 3 per cent. Nifty Bank index also advanced over half a per cent. Nifty SmallCap index down 0.11 per cent and the Nifty Midcap 100 index rallied over a per cent

MARKET UPDATE:Sensex down 786 points at 32,750 levels and NIfty hovered around 9,670 levels

MARKET UPDATE:Sensex down 786 points at 32,750 levels and NIfty hovered around 9,670 levels
Friday, June 12, 2020
Today (12th June 2020) in Indian Markets benchmark indices are trading over 2 percent lower tracking a huge plunge on Wall Street and weakness in Asian markets. Among individual stocks, S&P BSE Sensex was trading 786 points lower at 32,750 levels and the NIfty50 index hovered around 9,670 levels. IndusInd Bank (down 6 percent) bled the most in the Sensex pack, followed by ONGC and Kotak Mahindra Bank (both down 4 percent). The trend among Nifty sectoral indices was firmly in red, led by the Nifty Bank index, down 3.8 percent. Thirty companies including Mahindra & Mahindra and Eicher Motor are scheduled to announce their results today.

Closing Bell:Sensex down over 700 points, Nifty at 9902.00

Closing Bell:Sensex down over 700 points, Nifty at 9902.00
Thursday, June 11, 2020
At close, the Sensex was down 708.68 points or 2.07% at 33538.37, and the Nifty was down 214.20 points or 2.12% at 9902. State Bank of India was the top Sensex loser followed by Sun Pharmaceuticals, Maruti Suzuki, Bajaj Finance, ICICI Bank, Tata Steel, Bharti Infratel, Zee Entertainment and Axis Bank. IndusInd Bank, Hero MotoCorp, Power Grid, M&M and Nestle India were the top Sensex gainers. About 1016 shares have advanced, 1497 shares declined, and 146 shares are unchanged. All the indices on the NSE ended in the red with Nifty PSU Bank index plunged 3.76 per cent. Nifty Metal index down 2.78 per cent.BSE Midcap and Smallcap indices shed over 1 per cent each.

MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark

MARKET UPDATE:Indices off lows, Sensex in the red;Nifty around 10,090 mark
Thursday, June 11, 2020
The equity markets in India clawed their way off the opening lows but were still trading with nearly half a percent cut today(11th June 2020) amid weakness in global stocks after the US Fed's latest policy statement in which it reassured investors of its support for the economy but projected a 6.5 percent decline in US GDP this year. The S&P BSE Sensex dipped 80 points at 34,150 levels and the Nifty50 index hovered around 10,090 marks. Sun Pharma (down 3%) was the top Sensex laggard, followed by HDFC Bank and Kotak Mahindra Bank (both down over 1%). On the other hand, IndusInd Bank rose 5 percent. The trend among Nifty sectoral indices was mixed. Nifty PSU Bank index, up over 1 percent was the top gainer. Twenty-three companies including Dixon Tech, Shriram City, Union Finance are scheduled to announce their March quarter results today.

Closing Bell:Sensex up 290 points, Nifty at 10116.15

Closing Bell:Sensex up 290 points, Nifty at 10116.15
Wednesday, June 10, 2020
At close, the Sensex was up 290.36 points or 0.86% at 34247.05, and the Nifty was up 69.50 points or 0.69% at 10116.20. IndusInd Bank was the top gainer followed by Kotak Mahindra Bank, Reliance Industries (RIL), HDFC, Axis Bank, State Bank of India (SBI) and TCS. while losers were Hero MotoCorp, GAIL, Coal India, Bajaj Auto, ONGC, Titan and Tata Steel. About 1503 shares have advanced, 1005 shares declined, and 155 shares are unchanged. Most of the sectoral indices closed in the positive with Nifty Bank and Nifty Financial Services as top sectoral gainers, up 1.81 per cent and 1.15 per cent, respectively.S&P BSE MidCap index gained nearly 0.81 per cent. While the S&P BSE SmallCap index climbed 0.92 per cent.

Investor beware! shrewd market tends to draw investors in and trap them

Investor beware! shrewd market tends to draw investors in and trap them
Tuesday, June 9, 2020
The domestic equity market is a crowded place though the reopened Shops, malls, hotels, restaurants, and cinema halls are largely empty. Data showed nearly 18 lakh new accounts were opened with the Central Depository Services (India) in March, April, and May against a combined 8.41 lakh opened during January-February. Chances are high that some of these new entrants are among the happiest lot, as the benchmark BSE Sensex has advanced around 35 percent from the 52-week low hit on March 24. Data showed over 85 percent of stocks have managed to deliver positive returns to investors for this period. Read more

Closing Bell:Sensex down 413 points and Nifty at 10046.65

Closing Bell:Sensex down 413 points and Nifty at 10046.65
Tuesday, June 9, 2020
At close, the Sensex was down 413.89 points or 1.20% at 33956.69, and the Nifty was down 120.80 points or 1.19% at 10046.70. Sun Pharma was the top Sensex gainer followed by Asian Paints, Tech Mahindra, IndusInd Bank, Tata Steel, Hero MotoCorp, Dr Reddys Labs and TCS. Reliance Industries (RIL), State Bank of India (SBI), Wipro, BPCL, Tata Motors, GAIL and HDFC Bank were top losers. About 1104 shares have advanced, 1432 shares declined, and 162 shares are unchanged. Nifty Pharma index gained 1.35 per cent. Nifty FMCG was up half a per cent. Nifty PSU Bank and Nifty Auto down1.56 per cent and 0.76 per cent, respectively.BSE Midcap and Smallcap indices fell 0.3-1 per cent.

MARKET UPDATE:Sensex hovered around 34,350 levels and the Nifty testing 10,200 level

MARKET UPDATE:Sensex hovered around 34,350 levels and the Nifty testing 10,200 level
Tuesday, June 9, 2020
Equity markets in India were trading mildly higher today on the back of favourable global cues. The S&P BSE Sensex hovered around 34,350 levels and the Nifty50 index was testing 10,200 level. Among individual stocks, Titan Company rose as much as 2 percent in early deals after announcing its March quarter results while PVR Ltd declined over 4 percent after declaring its Q4 numbers. Besides, Sun Pharma and Tech Mahindra (both up 2%) were the top Sensex gainers. The trend among Nifty sectoral indices was mixed with gains in the Nifty Pharma index (up 1.35 percent) being offset by the Nifty PSU Bank index (down 1.4 percent). Twenty-three companies including Hero MotoCorp and Bombay Dyeing are scheduled to announce their March quarter results today. Analysts expect Hero MotoCorp to report over 20 percent fall in top-line, led by 25 percent YoY decline in total volumes.

Closing Bell:Sensex up 83.34 points, Nifty at 10167.45

Closing Bell:Sensex up 83.34 points, Nifty at 10167.45
Monday, June 8, 2020
At close, the Sensex was up 83.34 points or 0.24% at 34370.58 from days high of 550 points and the Nifty was up 25.30 points or 0.25% at 10167.50. IndusInd Bank was the top Sensex gainer followed by Axis Bank, Bajaj Finance, ONGC, GAIL and Titan Company.HDFC Bank, UltraTech Cement, Kotak Mahindra Bank, M&M, Tata Steel and Nestle India were major losers. About 1779 shares have advanced, 844 shares declined, and 154 shares are unchanged. Pharma stocks decline 1.41 per cent. Nifty IT index advanced 1.83 per cent. BSE Smallcap index rose nearly 1 per cent, while the BSE Midcap index ended marginally higher.

MARKET UPDATE:Sensex surged 546 points to 34,830 levels and Nifty topped 10,300-mark

MARKET UPDATE:Sensex surged 546 points to 34,830 levels and Nifty topped 10,300-mark
Monday, June 8, 2020
Equity markets were trading firm today(8th June 2020), in line with trends in other Asian markets, lifted primarily by banks and metals. The S&P BSE Sensex surged 546 points, or 1.83 percent, to 34,830 levels and the Nifty50 index topped 10,300-mark. IndusInd Bank gained 6 percent and Axis Bank shot up 5 percent. Besides, Reliance Industries gained over 2 percent and hit a new lifetime high of Rs 1,624 on the BSE after the conglomerate announced a 1.16 percent stake sale in Jio Platforms to Abu Dhabi Investment Authority. All the Nifty sectoral indices, except the Nifty Pharma index, were trading in the green, led by the Nifty Bank index, up 3.3 percent. Nineteen companies, including Titan, PVR, and Abbot India are scheduled to announce their March quarter results. Read more

Closing Bell:Sensex ends 306 points up, Nifty at 10142.15

Closing Bell:Sensex ends 306 points up, Nifty at 10142.15
Friday, June 5, 2020
At close, the Sensex was up 306.54 points or 0.90% at 34287.24, and the Nifty was up 113.10 points or 1.13% at 10142.20 led by buying in financial, metal and auto stocks.SBI share price jumps 9%. Tata Steel, Sun Pharma, LT, SBI, ONGC, RIL, Tata Motors, Bharti Infratel and Bharti Airtel were major gainers in the Sensex pack, While losers were TCS, HUL, Cipla, Bajaj Auto, Power Grid Corporation of India and Infosys. About 2028 shares have advanced, 505 shares declined, and 131 shares are unchanged. The nifty Metal index jumped over 2 per cent. Nifty PSU Bank jumps 7%. Except for FMCG, other indices ended higher.

Closing Bell:Sensex down 128 points, Nifty at 10029.10

Closing Bell:Sensex down 128 points, Nifty at 10029.10
Thursday, June 4, 2020
At close, the Sensex was down 128.84 points or 0.38% at 33,980.70, while Nifty was down 32.40 points or 0.32% at 10,029.10. Tech Mahindra, Sun Pharma, Bharti Airtel, HCL Tech, Vedanta and Reliance Industries were major gainers in the Sensex pack, while losers are Asian Paints, Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Kotak Mahindra Bank. About 1287 shares have advanced, 1132 shares declined, and 156 shares are unchanged. Nifty Bank index slipped over 2.5 per cent. Other indices ended in the green. BSE Midcap and Smallcap indices ended flat.

MARKET UPDATE:Sensex gains 126 points, Nifty nears 10,100

MARKET UPDATE:Sensex gains 126 points, Nifty nears 10,100
Thursday, June 4, 2020
Equities in the Indian market were fluctuating between gains on losses in today's(4th June 2020) early deals ahead of the F&O (futures & options) weekly expiry. Among headline indices, the S&P BSE Sensex hovered around 34,000 levels and the Nifty50 slipped below the 10,100-mark. Tech Mahindra (up 2%) was the top Sensex gainer. Besides, HDFC Bank and ICICI Bank gained 1 percent each. On the other hand, Titan dipped 3 percent. HDFC Life Insurance rose as much a 4 percent on the BSE post block deals. Aurobindo Pharma also shot up 4 percent after reporting a 32 percent jump in its Q4 net profit. On the other hand, Bharat Petroleum Corporation (BPCL) fluctuated after announcing its March quarter results. The trend among Nifty sectoral indices was all-green, led by the Nifty PSU Bank index, up 1.9 percent. Fifteen companies including DLF, PI Industries, and SRF are scheduled to announce their March quarter results today.

Closing Bell: Sensex up 284 points, Nifty at 10061.55

Closing Bell: Sensex up 284 points, Nifty at 10061.55
Wednesday, June 3, 2020
At close, the Sensex was up 284.01 points or 0.84% at 34109.54, and the Nifty was up 82.40 points or 0.83% at 10061.50. M&M, Kotak Mahindra Bank, Bajaj Finance, State Bank of India (SBI), ICICI Bank and Nestle India were the major gainers in the Sensex pack. While NTPC. Bharti Airtel, Maruti Suzuki, Hero MotoCorp, Zee Entertainment and Infosys were among other laggards. About 1639 shares have advanced, 844 shares declined, and 131 shares are unchanged. Except for Nifty IT and Metal, all the sectoral indices ended with gains. Nifty PSU Bank index gained over 5 per cent. The Nifty SmallCap 100 index gained over 1 per cent. The Nifty Midcap 100 index gained 0.4 per cent.

MARKET UPDATE:Sensex gains 500 pts, Nifty reclaims 10,100

MARKET UPDATE:Sensex gains 500 pts, Nifty reclaims 10,100
Wednesday, June 3, 2020
Equity markets in India were trading firm today(3rd June 2020), in line with trends in Asian counterparts, with banks, autos, and metal stocks contributing the most. The S&P BSE Sensex breached the 34,000-mark and was trading 515 points higher at 34,300 levels. The Nifty50 index also reclaimed the psychological level of 10,000 -- the first time since March 13 -- and was hovering around 10,140-mark. Bajaj Finance and ICICI Bank (both up 4%) were the top Sensex gainers. Besides, Britannia Industries surged 6 percent after its consolidated Q4 net profit rose 26.5 percent YoY to Rs 372.35 crore helped by a lower tax outgo. InterGlobe Aviation also zoomed 6 percent post its March quarter results. All the Nifty sectoral indices were in the green, led by the Nifty Bank index, up 3 percent. Fifteen companies including Aurobindo Pharma, BPCL, and Cholamandalam Investment are scheduled to announce their March quarter results today.

Closing Bell:Sensex jumps 522 points, Nifty at 9979.10

Closing Bell:Sensex jumps 522 points, Nifty at 9979.10
Tuesday, June 2, 2020
At close, the Sensex was up 522.01 points or 1.57% at 33825.53, while Nifty was up 152.95 points or 1.56% at 9979.10. led by buying in index heavyweights such as HDFC, Kotak Mahindra Bank and HDFC Bank. Bajaj Finance, Kotak Mahindra Bank, IndusInd Bank, HDFC, Tata Motors and Axis Bank were top gainers. While Maruti Suzuki, ITC, NTPC, Nestle India, Hero MotoCorp and Bharti Airtel were losers. About 1712 shares have advanced, 708 shares declined, and 150 shares are unchanged. Nifty Realty index jumped nearly 5 per cent. Nifty Financial Service advanced 3.18 per cent. On the sectoral front, except FMCG other indices ended in the green, while BSE Midcap and Smallcap indices rose between 1-2 per cent.

MARKET UPDATE: Sensex up by 328 pointsat 33,630 levels, and the Nifty at 9,900 levels

MARKET UPDATE: Sensex up by 328 pointsat 33,630 levels, and the Nifty at 9,900 levels
Tuesday, June 2, 2020
The equity markets in India were trading firm, a percent higher each, today(2nd June 2020), lifted mainly by auto, and pharma stocks. The S&P BSE Sensex was up 328 points, or 1 percent, at 33,630 levels, and the Nifty50 index conquered the psychological mark of 9,900. Kotak Mahindra Bank (up 4 percent) was the top Sensex gainer, followed by Mahindra & Mahindra and Bajaj Finance (both up 3 percent each). All the Nifty sectoral indices were trading in the green, led by Nifty Auto and Nifty Pharma indexes, both up over 1 percent. Eighteen companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions. Read more

Closing Bell:Sensex jumps 879 points, Nifty ends at 9826.15

Closing Bell:Sensex jumps 879 points, Nifty ends at 9826.15
Monday, June 1, 2020
At close, the Sensex was up 879.42 points or 2.71% at 33303.52, while Nifty was up 245.85 points or 2.57% at 9826.15 as lockdown measures ease. Tata Steel, Axis Bank, Bajaj Finance, IndusInd Bank, Titan Company, HDFC and ICICI Bank were the Sensex gainers. While losers were Dr Reddy’s Labs, UltraTech Cement, Bharti Infratel, Nestle, Hero MotoCorp and Sun Pharma. About 1862 shares have advanced, 583 shares declined, and 137 shares are unchanged. Nifty PSU Bank index soared 7.57 per cent. All the sectoral indices ended in the green, while BSE Smallcap and Midcap indices rose between 2-3 per cent.

MARKET UPDATE: Sensex zoomed 900 points to 33,300, and Nifty topped at 9,800 levels

MARKET UPDATE: Sensex zoomed 900 points to 33,300, and Nifty topped at 9,800 levels
Monday, June 1, 2020
Equity markets in India shot up over 2 percent each today (1st June 2020), in line with other Asian markets, after the government eased curbs on most economic activities even as the lockdown in containment zones was extended till June 30. The S&P BSE Sensex zoomed 900 points, or 2.7 percent, to 33,300, and the Nifty50 index was topped 9,800 levels. Axis Bank and Tata Steel (both up 6%) were the top Sensex gainers. Besides, Bajaj Finance and IndusInd Bank also rose 4 percent each. All the Nifty sectoral indices were in the green, led by the Nifty Metal index, up 4 percent. Nifty Bank index also rose over 3 percent. Twelve companies, including V-Guard Industries and Orient Electric, are scheduled to announce their March quarter results.

Closing Bell: Sensex ends 600 points up, Nifty at 9580.30

Closing Bell: Sensex ends 600 points up, Nifty at 9580.30
Friday, May 29, 2020
At close, the Sensex was up 223.51 points or 0.69% at 32424.10, and the Nifty was up 90.20 points or 0.95% at 9580.30. Vodafone Idea surged 25 per cent on a report that Google is in talks to buy a 5 per cent stake in the company. ONGC was the top Sensex gainer followed by Bajaj-Auto, Sun Pharma, Nestle India, ITC, HDFC and HUL. While Axis Bank, Bharti Airtel, Infosys, TCS, Titan and RIL were top losers. About 1390 shares have advanced, 924 shares declined, and 159 shares are unchanged. Except for Nifty IT and Nifty Media other indices ended in the green. Nifty Realty, Nifty Pharma and Nifty FMCG gained 4.28 per cent, 3.21 per cent and 2.97, respectively. BSE Midcap and Smallcap indices rose between 1-2 per cent.

MARKET UPDATE: Sensex at 31,990 levels and the Nifty gave up the 9,450 mark amid weak global cues

MARKET UPDATE: Sensex at 31,990 levels and the Nifty gave up the 9,450 mark amid weak global cues
Friday, May 29, 2020
The Indian markets dipped 1/2 percent on Friday, tracking weakness in global markets amid escalating US-China tensions, and ahead of the release of GDP data for January-March quarter of 2019-20 (Q4FY20). The numbers, which are likely to come in post-market hours, are expected to show growth contracting with some analysts penciling in a 5 percent dip. The S&P BSE Sensex slipped 207 points to 31,990 levels and the Nifty50 gave up the 9,450 marks. Infosys and Axis Bank (both down 2%) were the top Sensex laggards. On the other hand, Vodafone Idea surged 10 percent on a report that Google is in talks to buy a 5 percent stake in the company. The Nifty sectoral indices were largely in the red, led by Nifty Bank index, down 1.2 percent. On the other hand, Nifty Pharma was up over 1 percent. Thirty-one companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results today.

Closing Bell: Sensex rises 595 points, Nifty at 9490.10

Closing Bell: Sensex rises 595 points, Nifty at 9490.10
Thursday, May 28, 2020
At close, the Sensex was up 595.37 points or 1.88% at 32200.59, and the Nifty was up 175.15 points or 1.88% at 9490.10 lifted by a rally in financials for the second straight day, ahead of the expiry of futures and options contracts of May series. ONGC was top index gainer followed by LT, HDFC Bank, Eicher Motors, Tata Steel and Axis Bank. On the other hand, M&M, ITC, Infosys, TCS, JSW Steel, BPCL and Sun Pharma were among top losers. Nifty Bank index was up nearly 2 per cent. Nifty Pharma was trading lower. All the sectoral indices ended in the green. BSE Midcap and Smallcap indices rose more than 1 per cent each.

MARKET UPDATE: Sensex gains 300 points, Nifty tops 9,400

MARKET UPDATE: Sensex gains 300 points, Nifty tops 9,400
Thursday, May 28, 2020
Markets in India were trading over one percent higher today, in line with other Asian markets, ahead of the expiry of futures and options contracts of May series. The S&P BSE Sensex jumped 350 points, or 1.12 percent, at 31,960 levels and the Nifty50 index reclaimed the 9,400 levels. Larsen & Tubro and ONGC (both up 3 percent) were the top Sensex gainers. Besides, the HDFC twins also inched 2 percent higher and contributed majorly to the index's up move. The trend among Nifty sectoral indices was largely green, led by the Nifty Private Bank index, up 1.8 percent. Twentyfour companies, including TVS Motor, Lupin, and Federal Bank, are scheduled to announce their March quarter results today.

MARKET UPDATE: Sensex erases opening gains, slips in the red

MARKET UPDATE: Sensex erases opening gains, slips in the red
Wednesday, May 27, 2020
Indian markets quickly pared all the gains after a cautious start today (27th May 2020). The S&P BSE Sensex hovered around 30,600 levels and the Nifty50 index traded around 9,030 zones. Kotak Mahindra Bank was the top Sensex gainer, followed by ICICI Bank. On the other hand, Titan and Mahindra & Mahindra were the top laggards. The Nifty sectoral indices were mixed with the Nifty Bank index, up over 1 percent, logging the highest gains. Twenty-two companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.

MARKET UPDATE: Sensex jumps 330 points Nifty tops 9,100

MARKET UPDATE: Sensex jumps 330 points Nifty tops 9,100
Tuesday, May 26, 2020
Markets in India rose 1 percent, propped up by the HDFC twins, as trading resumed today (26th May 2020) after an extended weekend. The S&P BSE Sensex hovered near 31,000 levels, up 320 points. The Nifty50 index also surpassed 9,100 levels. ITC, up 4 percent, was the top Sensex gainer and HDFC Bank also ticked up 2 percent. among others, HDFC shot up 2 percent after reporting its March quarter results yesterday. Bharti Airtel, on the other hand, declined 4 percent on reports that its promoter Bharti Telecom was planning to raise $1 billion by selling a small stake in the telecom giant through block deals on the stock exchanges today. A majority of the Nifty sectoral indices were in the green, led by the Nifty Metal index, up 2 percent. Nineteen companies including Deepak Nitrate, Max Financial, and Torrent Pharma are scheduled to announce their March quarter results today.

Closing Bell:Sensex down 260 points, Nifty at 9039.25

Closing Bell:Sensex down 260 points, Nifty at 9039.25
Friday, May 22, 2020
At Close, Sensex falls 260 points, or 0.84 per cent, lower at 30,672.59 while Nifty finished with a loss of 67 points, or 0.74 per cent, at 9,039.25 after the Reserve Bank of India (RBI) decided to cut the policy rate by 40 basis points from 4.4 per cent to 4 per cent to trim the impact of coronavirus on the economy. Infosys was the top Sensex gainer, followed by Asian paints, UltraTech Cement, Tech Mahindra and Maruti Suzuki were among other gainers on the index. Axis Bank was the top Sensex loser followed by HDFC, Bajaj Finance, ICICI Bank and Bajaj-Auto. BSE Midcap and Smallcap indices closed 0.83 per cent and 0.23 per cent down, respectively. Nifty Bank today tumbled nearly over 2.5 per cent. Most of the sectoral indices ended lower.

MARKET UPDATE:Sensex, Nifty flat;RBI cuts repo rate by 40 bps to 4%

MARKET UPDATE:Sensex, Nifty flat;RBI cuts repo rate by 40 bps to 4%
Friday, May 22, 2020
Markets in India were trading flat today (22nd May 2020) as the Reserve Bank of India (RBI) slashed repo rate by 40 bps to 4 percent. Among headline indices, the S&P BSE Sensex was up 40 points at around 30,970 levels and the Nifty50 index reclaimed the 9,100 marks. Infosys gained 2 percent after the class-action lawsuit filed against the company in the US was dismissed. Reliance Industries gained 1 percent after the conglomerate said that KKR would invest Rs 11,367 crore into Jio Platforms for a 2.32 percent equity stake. The trends among Nifty sectoral indices were mixed. Nifty PSU Bank index, up 1.8 percent, gained the most. Twenty-five companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day.

Sensex surges to 31,046 levels, Nifty at 9,138-mark,broader indices outperform

Sensex surges to 31,046 levels, Nifty at 9,138-mark,broader indices outperform
Thursday, May 21, 2020
Equities in India opened in the green today(21st May 2020) amid broad-based buying. The benchmark S&P BSE Sensex gained 227 points, or 0.71 percent, to trade at 31,046 levels in the morning deals. Bajaj Auto, up 5 percent, was the top gainer on the index after the firm's Q4FY20 results beat Street expectations. Aviation stocks, IndiGo and SpiceJet, surged 8 percent and 5 percent, respectively in the opening deals as the government announced that domestic airline operations would resume on May 25. Read more

MARKET UPDATE: Sensex rises to 30,410 levels and the Nifty 8,960 levels

MARKET UPDATE: Sensex rises to 30,410 levels and the Nifty 8,960 levels
Wednesday, May 20, 2020
Equity markets in India were trading firm today (20th May 2020), lifted mainly by the HDFC twins. The S&P BSE Sensex rose 216 points to 30,410 levels and the Nifty50 index traded around 8,960 levels. ITC, up 2 percent, was the top gainer in the Sensex pack. Besides, HDFC and HDFC Bank were both up 1 percent each. IRCTC surged 5 percent after the Indian Railways decided to double the number of Shramik special trains to 400 a day by this week. Besides, Bajaj Finance rose 2 percent after announcing its March quarter earnings. The trend among Nifty sectoral indices was largely positive, led by the Nifty FMCG index, up 1.25 percent. Twenty two companies including Bajaj Auto, Dr Reddy's Laboratories, UltraTech Cement, and Jubilant FoodWorks, are scheduled to announce their March quarter earnings today.

Closing Bell:Sensex up 167 points, Nifty at 8879.10

Closing Bell:Sensex up 167 points, Nifty at 8879.10
Tuesday, May 19, 2020
At close, the Sensex was up 167.19 points or 0.56% at 30196.17, and the Nifty was up 55.85 points or 0.63% at 8879.10. Bharti Airtel surged 10 per cent post its March quarter results to hit a new lifetime high. ONGC, Ultratech Cement, Adani Ports, and ITC were among major gainers on the Nifty, while losers were UPL, Vedanta, IndusInd Bank, Reliance Industries and L&T. About 1012 shares have advanced, 1253 shares declined, and 164 shares are unchanged. Nifty Media gained over 2%, followed by Nifty Metal and Nifty IT. Nifty PSU Bank was the biggest loser down by 2.52%. MidCap and SmallCap indexes were up half a per cent each.

MARKET UPDATE: Sensex at 30,550 and the Nifty around 8,970 levels

MARKET UPDATE: Sensex at 30,550 and the Nifty around 8,970 levels
Tuesday, May 19, 2020
Indian markets tracked the other Asian markets and advanced today (19th May 2020), propped up by HDFC twins and Bharti Airtel. The S&P BSE Sensex jumped 527 points, or 1.75 percent, to 30,550 levels and the Nifty50 index hovered around 8,970 levels. ONGC, up 6 percent, was the top Sensex gainer. Besides, Bharti Airtel surged 10 percent post its March quarter results to hit a new lifetime high, while HDFC also rose over 4 percent. Nifty sectoral trends remained largely positive, led by the Nifty Financial Services index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were up half a percent each. Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings.

MARKET UPDATE:Sensex dips 450 pts;Nifty down 114 points at 9K level

MARKET UPDATE:Sensex dips 450 pts;Nifty down 114 points at 9K level
Monday, May 18, 2020
Markets opened in red today (18th May 2020) as stimulus measures announced over the weekend, as part of the government's Rs 20 trillion economic packages, failed to cheer markets. Probably because investors were expecting huge fresh liquidity infusion into the system to improve the aggregate demand. Besides, the government has extended nationwide lockdown till May 31, with some relaxations. The benchmark S&P BSE Sensex declined 444 points, or 1.43 percent, at 30,653 level. NSE's Nifty50, meanwhile, was at 9,022 level, down 114 points or 1.26 percent. Among top losers, ICICI Bank, Axis Bank, and SBI were down over 3 percent each on the index. Infosys (up to over 1 percent), Tech M, and TCS were the top gainers on the 30 share index. Sectorally, banking counters were trading in a sea of red. Nifty PSU Bank index was trading with a 3 percent cut and was the top loser on the NSE. Nifty Pharma, however, was up 0.8 percent. Read more

MARKET UPDATE: Indices in red,Sensex around 31,100 levels and the Nifty below 9,150

MARKET UPDATE: Indices in red,Sensex around 31,100 levels and the Nifty below 9,150
Friday, May 15, 2020
Markets in India declined in today's (15th May 2020) early deals, pulled down by auto and bank stocks, amid mixed global cues. The S&P BSE Sensex hovered around 31,100 levels and the Nifty50 index was below 9,150. Mahindra & Mahindra (down 2%) and ITC (down 1%) were the top Sensex losers while ONGC gained 2 percent. Biocon dipped 2 percent after its Q4 net profit declined 42.2 percent to Rs 123 crore on a y-o-y basis. The trend among Nifty sectoral indices was largely negative, led by the Nifty Auto index, down 0.8 percent. Today,12 companies including Cipla, Aarti Drugs, and M&M Finance are scheduled to announce their results

MARKET UPDATE:Sensex tumbles 400 points, Nifty below 9,300

MARKET UPDATE:Sensex tumbles 400 points, Nifty below 9,300
Thursday, May 14, 2020
Markets in India declined over 1 percent today(14th May 2020), tracking weakness in global markets after Federal Reserve Chairman Jerome Powell warned of extended economic weakness due to the coronavirus pandemic. The S&P BSE Sensex was down 480 points, or 1.5 percent, to 31,500 levels and the Nifty50 index slid below 9,300. Infosys, Tech Mahindra, and Mahindra & Mahindra (all down 3%) were the top Sensex laggards. The Nifty sectoral trend was largely negative, led by the Nifty IT index, down over 2 percent. In comparison, the broader indices fared better. The BSE MidCap index gained 0.3 percent while the SmallCap index was trading 0.2 percent lower. 18 companies including Biocon, Escorts, and Manappuram Finance are scheduled to announce their results today.

MARKET UPDATE: Sensex jumped 630 points to 32,000 levels and the Nifty testing 9,400 levels

MARKET UPDATE: Sensex jumped 630 points to 32,000 levels and the Nifty testing 9,400 levels
Wednesday, May 13, 2020
Equity markets in India were trading firm, up 2 percent, today (13th May 2020) after Prime Minister Narendra Modi announced a Rs 20-trillion stimulus package to jump-start the battered economy, the details of which will be announced through the week. The S&P BSE Sensex jumped 630 points to 32,000 levels and the Nifty50 index was testing 9,400 levels. Maruti Suzuki India gained 6 percent ahead of its March quarter results. Vedanta hit a 10 percent upper circuit after promoter Anil Agarwal announced intention to take the firm private by buying out shares held by the public. All the Nifty sectoral indices were in the green, led by the Nifty Private Bank index, up 5 percent. Maruti Suzuki and nine other firms are slated to report their March quarter results today.

MARKET UPDATE: Sensex slips 450 pts; HDFC twins and RIL drag

MARKET UPDATE: Sensex slips 450 pts; HDFC twins and RIL drag
Tuesday, May 12, 2020
The Indian indices declined over 1 percent today (12th May 2020), weighed down by heavyweights like HDFC twins and Reliance Industries. Apart from weak global cues, the indication by the Centre that the nationwide lockdown could be extended beyond May 17, albeit with eased restrictions for businesses, also weighed on the sentiment. The S&P BSE Sensex slipped 475 points, or 1.5 percent, to 31,100 levels, and the Nifty50 index was around 9,100 levels. HDFC twins (both down 2 percent) dragged the Sensex lower. Besides, Asian Paints was down 3 percent. Piramal Enterprises dipped over 7 percent in early deals post-March quarter results announcement. On the other hand, IRCTC was frozen in a 5 percent upper circuit for second straight day. The Nifty sectoral trend was negative except for the Nifty IT index which was up half a percent. 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.

MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400

MARKET UPDATE: Sensex gains 600 points, Nifty above 9,400
Monday, May 11, 2020
Indian markets followed their Asian counterparts and advanced over 1 percent today,11th May 2020 lifted by financials and auto stocks. The S&P BSE Sensex rose 608 points to over 32,200 mark and the Nifty50 index was above 9,400 levels. Among individual stocks, IRCTC rose 5 percent after the government said that 15 sets of trains will be started from tomorrow. Reliance Industries was also up over 2 percent after fixing May 14 as the record date for the rights issue. Besides, IndusInd Bank and Maruti Suzuki were also up 2 percent each. The trend among Nifty sectoral indices was positive, led by the Nifty Auto index, up 2.4 percent. A total of 13 companies, including Godrej Properties, Wockhardt, and Motilal Oswal, are scheduled to announce their March quarter earnings.

Closing Bell:Sensex gains 199 points, Nifty at 9251.50

Closing Bell:Sensex gains 199 points, Nifty at 9251.50
Friday, May 8, 2020
At close, the Sensex was up 199.32 points or 0.63% at 31642.70, and the Nifty was up 52.45 points or 0.57% at 9251.50. HUL, Sun Pharma, Nestle India, Tech Mahindra, Dr Reddy’s Labs and Reliance Industries were among major gainers on the Nifty, while losers included M&M, Axis Bank, NTPC, SBI and IndusInd Bank. Nifty Pharma and Nifty FMCG were top sectoral gainers, up 2.13 per cent and 1.92 per cent, respectively. While selling seen in the auto, bank and metal sectors. About 1012 shares have advanced, 1267 shares declined, and 185 shares are unchanged.

MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340

MARKET UPDATE:Sensex surges to 31,920 levels and the Nifty to 9,340
Friday, May 8, 2020
The equity markets in India advanced today (8th May 2020) in line with other Asian markets, with RIL and Hindustan Unilever leading the gains. Reliance Industries rose 2 percent after PE firm, Vista Equity Partners, said it will buy a 2.3 percent stake in Jio Platforms for Rs 11,367 crore. Among headline indices, the S&P BSE Sensex surged 476 points to around 31,920 levels and the Nifty50 index was up 132 points to 9,340. IndusInd Bank and Hindustan Unilever (both up 3%) were the top Sensex gainers. All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up 1.7 percent 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today. Besides, ICICI Bank will also be in focus as the private lender will announce the results tomorrow.

MARKET UPDATE: Sensex drops , Nifty tests 9,200

MARKET UPDATE: Sensex drops , Nifty tests 9,200
Thursday, May 7, 2020
The equity market in India started today's(7th May 2020) session on a weak note, in line with their other Asian markets. The S&P BSE Sensex was trading around 31,570 levels, down 80 points, and the Nifty50 hovered around 9,240 level. Among individual stocks, YES Bank surged 10 percent after reporting a net profit of Rs 2,629 in the March quarter. HCL Tech also gained 3 percent after reporting its Q4 numbers. Hindustan Unilever slipped 5 percent in early deals after the company's 4.23 percent equity changed hands in a block deal. As per a report, UK-based GSK was to offload shares worth Rs 26,000 crore in the FMGC major. Read more

Cash-market volumes hit record highs in April

Cash-market volumes hit record highs in April
Wednesday, May 6, 2020
Cash-market volumes climbed to record levels in April amid a rebound in stocks from their multi-year lows. Derivatives turnover, on the other hand, witnessed a slight dip amid regulatory tightening. The average daily turnover value (ADTV) in the equity cash segment of NSE stood at Rs 50,300 crore, up nearly 50 percent year-on-year (YoY). The ADTV for NSE’s equity derivatives segment fell 3 percent YoY to Rs 11.4 trillion. The sharp jump in volumes is significant as India remained under lockdown, with many sectors of the economy reporting zero or negligible business activity. Experts said the buoyancy in the market — both in volumes and surge in stock prices — was positive from a tax collection point of view. In March, the benchmark indices had dropped a record 23 percent. However, they managed to snap back in April, gaining 14 percent — their biggest monthly advance in 11 years. Regulatory tightening and value-buying led to a spurt in cash-market volumes, experts opined.

MARKET UPDATE: Sensex dips 200 points, Nifty below 9,200; Oil marketing companies tumble

MARKET UPDATE: Sensex dips 200 points, Nifty below 9,200; Oil marketing companies tumble
Wednesday, May 6, 2020
Equity markets in India slipped today (6th May 2020) amid mixed global cues, dragged lower by oil marketing companies and FMCG stocks. Oil marketing companies' shares declined after the Centre hiked excise duty on petrol and diesel and asked the OMCs to absorb the price hike. BPCL crashed 9 per cent while HPCL tumbled 10 percent. The S&P BSE Sensex fell 274 points to 31,180 levels while the Nifty50 index gave up 9,200. ITC (down 5%) and Axis Bank (down 4%) were the top Sensex laggards. The Nifty sectoral indices were largely in the red, led by the Nifty FMCG index, down 2.3 per cent. Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers.

Market update:Sensex gains 350 points, Nifty around 9,400

Market update:Sensex gains 350 points, Nifty around 9,400
Tuesday, May 5, 2020
Equity markets in India today (5th May 2020) edged higher, in line with their Asian peers, led by banks and metals. The S&P BSE Sensex rose 370 points to 32,060 marks and the Nifty50 index was around 9,400 levels. Axis Bank, ONGC, and IndusInd Bank (all up 3%) led the list of gainers in the Sensex pack. Marico gained 5 percent after announcing its March quarter earnings. A total of nine companies including Adani Ports, SBI Life Insurance, and Rallis India are scheduled to announce their March quarter earnings. Wall Street rebounded in overnight trade as the lifting of lockdowns in some US states boosted optimism. The Dow Jones rose 0.1 percent, the S&P 500 gained 0.4 percent and the Nasdaq Composite added 1.2 percent. Asian stocks also inched higher in early deals. Australia's ASX 200 gained 1.3 percent and the Hang Seng index was up half a percent. In commodities, oil prices jumped higher. Brent crude was last up 4 percent at $28.32 a barrel.

MARKET UPDATE:Sensex plunges 1,400 points, Nifty below 9,500

MARKET UPDATE:Sensex plunges 1,400 points, Nifty below 9,500
Monday, May 4, 2020
Today (4th May 2020) the Indian equity markets dipped over 4 percent, tracking weak global cues after the latest flare-up in US-China tensions. Further, yet another extension of the nation-wide lockdown also weighed on investor sentiment. The S&P BSE Sensex tumbled 1,461 points to 32,250 levels and the Nifty50 index hovered around 9,430 levels. Among individual stocks, Hindustan Unilever fell as much as 4 percent after reporting the March quarter results while Reliance Industries was down 2 percent. Tata Steel and ICICI Bank (down 8 percent each) were the top losers in the Sensex pack. Shares of banks, metals, and automobile companies were the worst-hit. All the Nifty sectoral indices were in the red, led by the Nifty Bank index, down over 6 percent. Read more

Markets closed for trading today, as the Street observes Maharashtra Day

Markets closed for trading today, as the Street observes Maharashtra Day
Friday, May 1, 2020
Today (1st May 2020) Indian Equity, currency, commodity and derivatives markets will remain closed for trading as the Street will observe Maharashtra Day. The bourses will reopen for trading on May 4th, Monday. May 1 also marks Labour Day in India. Initial success in Covid-19 drug trial and positive globals cues led domestic equity indices soaring in Thursday’s trade to second-biggest weekly gains in nine years. In four sessions, benchmark indices moved up by more than 7 percent. IT, auto and banking names saw heavy buying on Dalal Street as stocks from the oil and gas sector zoomed following a recovery in crude oil prices in the international market. Brent crude and US crude futures each rose about $1.7 or 7 percent a barrel. Read more

Market update:Sensex rallies 800 points, Nifty above 9,750

Market update:Sensex rallies 800 points, Nifty above 9,750
Thursday, April 30, 2020
Equity markets in India advanced today (30th April 2020) tracking favourable global cues. The S&P BSE Sensex jumped 870 points, or 2.7 percent, at 33,590 and the Nifty50 index hovered around 9,805 levels. Auto stocks led the charge. Maruti Suzuki India (up 6%) and Mahindra & Mahindra (up 4%) were among the top Sensex gainers. Reliance Industries was also up 1 percent ahead of the March quarter results today. All the Nifty sectoral indices were in the green, led by the Nifty Auto index, up 5 percent. Read more

MARKET UPDATE: Sensex up 200 points, Nifty tops 9,400

MARKET UPDATE: Sensex up 200 points, Nifty tops 9,400
Wednesday, April 29, 2020
The equity market in India made cautious gains today, 29th April 2020 amid mixed global cues. The S&P BSE Sensex was up 240 points, or 0.75 percent, at 32,350 levels. Index heavyweight HDFC surged 5 percent, followed by Bajaj Finance and Tech Mahindra that gained 3 percent each. On the other hand, IndusInd Bank slipped 4 percent. Axis Bank dipped 3 percent after reporting a net loss of Rs 1,388 crore in March quarter results. The majority of the Nifty sectoral indices were in the green, led by the Nifty Financial Services index, up 1.6 percent.

Market update: Sensex gains 500 points, Nifty above 9,300

Market update: Sensex gains 500 points, Nifty above 9,300
Monday, April 27, 2020
Today (27th April) buying across the table especially in index heavyweights Reliance Industries and HDFC drove the Indian markets higher, in line with the Asian indices. The S&P BSE Sensex jumped 554 points, or 1.77 percent, to 31,880. The Nifty50 index surpassed 9,300 levels. Among individual stocks, Reliance Industries and HDFC were both up 2 percent each while IndusInd Bank was up 3 percent. Mindtree rose as much as 7.5 percent in early deals after declaring its March quarter results. All the Nifty sectoral indices were in the green, led by the Nifty IT index, up 2 percent. IndusInd Bank and Ambuja Cements are scheduled to announce their March quarter results today. Asian shares inched higher in today's early trade. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trade. Japan’s Nikkei and South Korea's Kospi both gained over 1 percent each. Incommodities, Brent crude futures firmed 45 cents to $21.89 a barrel.

Market update:Sensex tumbles 500 points, pvt banks, financials drag

Market update:Sensex tumbles 500 points, pvt banks, financials drag
Friday, April 24, 2020
India's equity markets slipped over one percent today,24th April 2020 due to weak global cues and dragged by private banks and financials. Among individual stocks, ICICI Bank and Bajaj Finance (both down 4%) were the top laggards while HDFC twins were also down 2 percent each. At the index level, the S&P BSE Sensex was down 505 points, or 1.6 percent, at 31,360 levels and the Nifty50 hovered around 9,200. All the Nifty sectoral indices were in the red, led by Nifty Private Bank and Nifty Financial indexes, both down 3 percent each.

MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green

MARKET UPDATE:Indices hold gains, Sensex up 250 pts;all Nifty sectors in the green
Thursday, April 23, 2020
Equity markets in India were trading higher today (23rd April 2020) on the back of positive global cues. The S&P BSE Sensex rose 250 points, or 0.8 percent, to 31,630 and the Nity50 index was around 9,270 levels. Among individual stocks, Titan declined 3 percent after Goldman Sachs downgraded the stock to 'sell'. Zee Entertainment, on the other hand, hit 10 percent upper circuit. Kotak Mahindra Bank, up 5 percent, was the top gainer in the Sensex pack. All the Nifty sectors were in the green, led by the Nifty Metal index, up 2.8 percent. Broader indices outperformed the benchmarks with both the S&P BSE MidCap as well as SmallCap indexes up over 2 percent each. In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today.

MARKET LIVE: Sensex, Nifty open with slim gains

MARKET LIVE: Sensex, Nifty open with slim gains
Thursday, April 23, 2020
Market in India will today react to the rebound in oil prices and global stocks, March quarter earnings, and coronavirus-related newsflow. US crude and Brent futures, both, rose more than 7 percent on Wednesday after touching their lowest levels since 1999 on the prospects for further production cuts. Besides, investors would track the two-day meeting of the economic advisory council which is expected to deliberate on the impact of the COVID-19 pandemic on economic growth in this fiscal year and the next. Read more

MARKET UPDATE: Sensex, Nifty volatile; RIL gains post Jio-Facebook deal

MARKET UPDATE: Sensex, Nifty volatile; RIL gains post Jio-Facebook deal
Wednesday, April 22, 2020
Equity markets in India today (22nd April 2020)fluctuated in early trade as the gains in Reliance Industries were offset by selling in banks and metal stocks amid weak global cues. Shares of Reliance Industries (RIL) gained 7 percent at Rs 1,326 on the BSE after the company announced that Facebook would invest Rs 43,547 crore ($5.7 billion) in the company’s wholly-owned subsidiary Jio Platforms to expand its presence in India. Among headline indices, the S&P BSE Sensex was up 27 points at 30,660 levels and the Nifty50 was hovering around the 9,000 mark. ONGC, down over 7 percent, was the top laggard in the Sensex pack. The Nifty sectoral indices were mixed, with the Nifty Metal index, down 2 percent, leading the list of losers.

Market live:Sensex tanks 1,000 points, Nifty below 9,000; ONGC, IndusInd fall 6% each

Market live:Sensex tanks 1,000 points, Nifty below 9,000; ONGC, IndusInd fall 6% each
Tuesday, April 21, 2020
Equity markets in India plunged today 21st April, following global trends, after US oil prices slipped below $0 a barrel in overnight trade. Further, US President Donald Trump's announcement that he would sign an executive order to temporarily suspend immigration into the US also impacted sentiment. Volatility index, India VIX, spiked 5 percent. Among headline indices, the S&P BSE Sensex slipped 928 points, or 2.93 percent, to 30,720 levels and the Nifty50 index hovered around 9,000 levels. Tata Steel and IndusInd Bank (both down over 7%) were the top laggards in the Sensex pack. Besides, Infosys slipped 2 percent post-March quarter results while oil-related stocks like Reliance Industries (down 4%) were also under pressure. All the Nifty sectoral indices were in the red, led by Nifty Metal index, down 5.8 percent

Market update:Sensex gains 200 points, Nifty tops 9,300

Market update:Sensex gains 200 points, Nifty tops 9,300
Monday, April 20, 2020
Equity markets in India rose today(20th April 2020), lifted by HDFC twins and Infosys. The S&P BSE Sense was up 228 points, or 0.7 percent, at 31,800. Among individual stocks, HDFC Bank jumped 4 percent after a 2.5 percent growth in its pre-tax profit in the March quarter. Besides, Infosys also gained 2 percent ahead of its results later in the day. The broader Nifty50 index hovered around 9,320 levels, up 60 points. Sectorally, the trend was mixed. While the Nifty Financial Services index rose 1.8 percent the Nifty Pharma index slipped a little over 1 percent. Aviation stocks also declined after the government prohibited airlines to book tickets until further notice.

MARKET update: Sensex surged 1,000 points to to 31,600 levels and Nifty up 280 points around 9,270

MARKET update: Sensex surged 1,000 points to to 31,600 levels and Nifty up 280 points around 9,270
Friday, April 17, 2020
Equity markets in India rose today (, 17th April 2020)tracking firm global cues, ahead of the RBI's announcement of another imminent stimulus package from the government also lifted sentiment. Among headline indices, the S&P BSE Sensex surged 1,000 points, or 3.14 percent, to 31,600 levels. Banks and financials fired the index's rally with IndusInd Bank (up 6%), HDFC, Axis Bank, and Bajaj Finance (all up 5%) being the top gainers. IT giant Tata Consultancy Services (TCS) also jumped 4 percent post the company's March quarter results announcement. The broader Nifty50 index was up 280 points around 9,270 levels. All the Nifty sectoral indices were in the green, led by the Nifty Bank index, up over 4 percent.

Market ahead: COVID-19 still plays a major role

Market ahead: COVID-19 still plays a major role
Friday, April 17, 2020
The equity benchmarks snapped the two-day losing streak in a volatile trade on Thursday,16th April mainly with the help gains in banking and metal counters. The market pared opening losses to turn positive, but tepid start to the earnings season, rising number of COVID-19 cases and grim economic outlook continued to worry investors. A much-awaited stimulus package, progress over curbing coronavirus spread, restarting of select industry, and the March quarter earnings will determine the direction of the market ahead according to analysts. Nifty snapped a two-day losing streak and formed a bullish candle on the daily chart. The index moved above its five-day moving average but made a lower high lower low formation for the day. Analysts expect the NSE barometer to continue with its ongoing consolidation near the 9,000 mark for the time being.

Market update:Sensex gains 200 pts, Nifty tests 9k

Market update:Sensex gains 200 pts, Nifty tests 9k
Thursday, April 16, 2020
Indian stocks edged higher after a volatile start today (16th April). The S&P BSE Sensex was up 200 points, or 0.7 percent, at 30,600 levels and the Nifty50 index was up 73 points at 8,990 levels. Wipro fell as much as 6 percent after posting muted growth in its revenue and profit numbers for the fourth quarter of the last financial year. In the Sensex pack, Axis Bank, Titan, Tech Mahindra, and Hero MotoCorp were the top losers. Among sectoral indices, the Nifty IT index, down over 2 percent, was the top loser. The broader market fared relatively better. The S&P BSE MidCap index and the SmallCap index were both up 1 percent each.

Indian equity Market:Sensex falls 150 points, Nifty below 8,900

Indian equity Market:Sensex falls 150 points, Nifty below 8,900
Thursday, April 16, 2020
The Union Health Ministry has identified 170 districts as COVID-19 hotspots and 207 districts as potential hotspots. As of now, India has over 12,000 cases and 400 deaths. Meanwhile, data released yesterday showed that India’s exports contracted by 34.5 percent in March to $21.4 billion to record the steepest monthly fall in at least 25 years. Today (16th April) also Investors will react to coronavirus-related updates, global cues, macro data, and corporate earnings.

MARKET LIVE: Sensex rises as govt eases lockdown rules

MARKET LIVE: Sensex rises as govt eases lockdown rules
Wednesday, April 15, 2020
The equity market in India rose today (15th April 2020), lifted mainly by pharma and FMCG stocks, following positive cues from global indices. That apart, government's move to ease lockdown rules starting April 20 also boosted sentiment. Today the government permitted industries to operate in rural areas, manufacturing to start in Special Economic Zones (workers will have to stay within their premises or in "adjacent buildings"), though the transportation will have to be arranged by employers. Food processing in rural areas will also begin from April 20. Restrictions have also been eased for the construction sector. The S&P BSE Sensex was up 666 points, or 2.1 percent, at 31,380 levels and the Nifty50 index hovered around 9,200 level, up 210 points. Sun Pharma and Larsen & Toubro (both up 4%) were the top gainers in the Sensex pack. Meanwhile, Metropolis Healthcare fell nearly 14 percent after two large trades on the NSE. All the Nifty sectoral indices were in the green, led by Nifty

Indian Equity markets trading firm

Indian Equity markets trading firm
Thursday, April 9, 2020
Equity markets in India are trading firm today (9th March) after Wall Street's overnight rally on the hope that the coronavirus outbreak in the United States was close to a peak. Among headline indices, the S&P BSE Sensex was up 703 points, or 2.4 percent, at 30,620 and the Nifty50 index hovered around 8,970 level, up 224 points, or 2.5 percent. Index heavyweights HDFC, up 5 percent, was the top contributor to the Sensex's gain. Besides, Bajaj Finance, ICICI Bank, Axis Bank, and ONGC were all up over 4 percent. All the Nifty sectoral indices were in the green, led by the Nifty Auto index, up 7 percent. Besides, Nifty Pharma index gained 5 percent. Among the index's components, Cipla (up 15%) and Lupin (up 10%) were the top gainers. The broader market also tracked gains in the main indices. The S&P BSE MidCap and SmallCap indexes were both up over 2.5 percent each.

Market:Sensex slips further, Nifty below 8,200; banks, financials dip

Market:Sensex slips further, Nifty below 8,200; banks, financials dip
Friday, April 3, 2020
Indian equity markets, today (3rd April 2020) continued to slip downwards dragged down by banks and financial stocks, despite a bounce back in crude oil prices and global stocks. The S&P BSE Sensex dipped 253 points, or 0.95 percent, at 28,000 levels and the Nifty50 index was down 105 points, or 1.08 percent, at 8,160 level. Among individual stocks, Kotak Mahindra Bank was again the top loser after slipping 7 percent. Besides, IndusInd Bank dipped another 5 percent while both ICICI Bank and HDFC were down 4 percent each. Nifty Bank and Nifty Financial Services indexes, both down over 3 percent, were the top sectoral losers.

Sensex further falls, down 700 pts; broader indices outperform

Sensex further falls, down 700 pts; broader indices outperform
Wednesday, April 1, 2020
Today,1st April the Indian equity markets slid lower, in tune with Asian Markets, in the first trading session of FY21. The S&P BSE Sensex was down 702 points, or 2.4 percent, at 28,750 levels, and the Nifty50 index slipped 210 points, or 2.5 percent, to 8,380 levels. Kotak Mahindra Bank (down 8 percent) was the top drag on the Sensex while State Bank of India (down 4 percent) and HDFC Bank (down 3 percent) were the other major losers. On the other hand, IndusInd Bank jumped as much as 9 percent intraday. Among sectors, the Nifty Bank index slipped over 3 percent. The broader market, on the other hand, relatively outperformed. The S&P BSE MidCap index was down 0.6 percent and the S&P BSE SmallCap index was flat. Read more

Is the market valuations attractive for long-term investors?

Is the market valuations attractive for long-term investors?
Thursday, March 26, 2020
The coronavirus pandemic has badly shaken the global economies and triggered an across-the-board sell-off in equities as an asset class. The Dow Jones Industrial Average (DJIA) and the S&P 500 ended their 11-year bull-run as the S&P BSE Sensex and the Nifty 50, too, entered bear-market territory with a fall of over 30 percent each. A fall of 20 percent or more in a stock, or an index, is regarded as a bear phase for that traded unit. 18 percent of the stocks that comprise the Nifty 100 and have long trading histories recently traded below their global financial crisis (GFC) valuation. The market meltdown also saw 84 percent stocks go below their five-year and 78 percent below their 10-year average valuations, experts opined. Read more

Market update:Sensex rallies ,IndusInd Bank surges 35%

Market update:Sensex rallies ,IndusInd Bank surges 35%
Thursday, March 26, 2020
The equity markets in India are trading higher, lifted by banks and IT stocks, today (26th March) ahead of the expiry of the monthly derivatives contracts. Investors were encouraged by the US Senate passing a $2 trillion coronavirus relief package while a separate report said the Indian government was likely to agree on an economic stimulus package of more than Rs 1.5 trillion to fight the downturn caused by the coronavirus outbreak. Read more

Nifty needs to top and hold 8,550 to confirm bottom

Nifty needs to top and hold 8,550 to confirm bottom
Thursday, March 26, 2020
Indian equity market staged a stellar rebound on Wednesday, 25th March in line with the global markets. The rally, which was fuelled by massive short covering, took Nifty back inside the crucial 7,850-8,550 zone. The market made a shaky start, as the index rapidly pared its opening gains. After that, the 50-stock pack traded in a capped zone but stayed volatile. However, the second half of the session saw the market gaining ground again, as the index finally ended with a gain of 516.80 points or 6.62 percent at 8,317.85. Read more

SEBI crackdown on excessive volatility by imposing restrictions

SEBI crackdown on excessive volatility by imposing restrictions
Monday, March 23, 2020
The SEBI has decided to crack down on excessive volatility by imposing several measures, which will impact traders as well as institutional investors. In particular, speculators in stock futures will have to cut down exposures as the market-wide position limit (MWPL) has been reduced to 50 percent in phases, from the existing 95 percent, for specific F&O stocks. Margins have also been hiked in the cash segment for both F&O and non F&O stocks, while institutions will have to restrict their F&O positions in the index derivatives segment to stay within a new criteria of cash and cash equivalents on the long side and value of stock holdings on the short side. This measure will also impact volume in specific F&O counters where offsetting will be required, we may actually see a situation where prices swing more on lower volumes, due to reduction of the liquidity. Read more

Sensex hits 10% lower circuit; trading halted for 45 minutes

Sensex hits 10% lower circuit; trading halted for 45 minutes
Monday, March 23, 2020
Trading in Indian equity markets was halted for 45 minutes today (23rd March) after the S&P BSE Sensex hit its 10 per cent lower circuit level. The S&P BSE Sensex tanked 10 per cent, or 2,992 points, to 26,924 levels. The Nifty50 index fell 842 points, or 9.63 per cent, to 7,903. Although the markets saw an across-the-board selling, bank and auto stocks were the worst-hit. The Nifty Bank index was down 12.7 per cent. Axis Bank and ICICI Bank both plunged over 10 per cent each while Maruti Suzuki India was down 9.7 per cent. In the broader market, the S&P BSE MidCap index was trading with 6.9 per cent cut and the S&P BSE SmallCap index was down 6.4 per cent.

Key factors that will guide market this week

Key factors that will guide market this week
Monday, March 23, 2020
After a 12% fall in benchmark indices last week, it is likely that the market is entering another subdued week. Rapidly rising coronavirus cases will be the biggest factor in steering share markets. Though the SEBI decisions on Friday to curb short-selling was a much-needed step may have unintended consequences, said experts. Read more

Indian equity markets fluctuated between gains and losses in a volatile session

Indian equity markets fluctuated between gains and losses in a volatile session
Friday, March 20, 2020
Equity markets fluctuated between gains and losses in a volatile session today,20th March, with index heavyweights HDFC twins and ICICI Bank( down 3 percent) pressuring the indices. HDFC Bank slipped over 7 percent and HDFC was down 4 percent. The S&P BSE Sensex hovered around 28,400 levels, up 247 points, or 0.87 percent. The Nifty50 index was trading 40 points or 0.48 percent, higher at 8,300 levels. The Nifty sectoral indices were trading mixed. While Nifty FMCG and Nifty Pharma indexes traded over 3 percent up each, the Nifty Bank and Nifty Financial Services indexes dipped 3 percent each. In broader markets, the S&P BSE MidCap was up 43 points, or 0.4 percent, and the S&P BSE SmallCap traded flat.

MARKET LIVE: Sensex slips 500 pts, Nifty near 8,800

MARKET LIVE: Sensex slips 500 pts, Nifty near 8,800
Wednesday, March 18, 2020
Indian equity markets were trading close to 2 percent lower, dragged down by banks, today (18th March) after quickly erasing the opening gains despite a rebound in global stocks. The S&P BSE Sensex hovered around 30,060 levels, down 510 points, or 1.7 percent, and the broader Nifty50 index was down 153 points, or 1.7 percent, at 8,810 level. The Nifty opened the session above 9,100 levels before quickly going downward Among individual stocks, IndusInd Bank was down over 2 percent after opening 5 percent higher. Titan Company slipped 7 percent to its new 52-week low of Rs 921. Shares of Vodafone Idea tumbled as much as 35 percent to Rs 2.91. However, YES Bank continued its up move and surged over 40 percent to Rs 87. The Nifty sectoral indices were trading mixed. Nifty Pharma index, up 1.1 percent, gained the most while Nifty Financial Service index was trading with over a percent cut.The broader market underperformed the benchmarks. The S&P BSE MidCap index slumped 124 points

Tuesday 17th March update:Sensex up 500 points, Nifty above 9,300

Tuesday 17th March update:Sensex up 500 points, Nifty above 9,300
Tuesday, March 17, 2020
Indian equity markets recovered after a volatile start on Tuesday with the volatility index, India VIX, surging over 7 percent to a 12-year high level of 63.14. The S&P BSE Sensex was hovering around 31,860 levels, up 487 points, or 1.5 percent after falling as much as 500 points earlier in the session. The Nifty50 index was trading 150 points, or 1.62 percent, higher at 9,340 levels. The majority of the Nifty sectoral indices were trading in the green with the Nifty Metal index, up 3 percent, and Nifty Pharma index, up 2 percent, leading the gains. Among individual stocks, HDFC Bank and HDFC were both down over 1 percent each. On the other hand, YES Bank continued its uptrend and surged another 30 percent to Rs 48. In the broader market, the S&P BSE MidCap index was up 33 points, or 0.28 percent, and the S&P BSE SmallCap index was flat.

Some factors which will contribute to stock market trends on Friday,13th March

Some factors which will contribute to stock market trends on Friday,13th March
Friday, March 13, 2020
After the worst intraday crash in the history of the Indian stock market, several analysts said the bearish trend is likely to continue, while investors looked drained of confidence to nibble even at the blue chips at attractive prices. The 2,919-point, or 8.18 percent, tumble in the Sensex wiped out around Rs 11.30 lakh crore in equity investors' wealth. And after an 868-point drop, Nifty was perilously poised at its key support at 9,500, below which it may plumb a bottom anywhere between 8,600 and 8,100. RBI announces $2 billion money shot: The Reserve Bank of India on Thursday made its first decisive move to counter the coronavirus-triggered market volatility by opening a US dollar–Indian Rupee swap window of $2 billion. Read more

Nifty enters bear market, slips below 10,000;Sensex cracks over 2,900 points

Nifty enters bear market, slips below 10,000;Sensex cracks over 2,900 points
Thursday, March 12, 2020
It was a ocean of red for Asian markets at the open. Indian markets opened also on a similar note. Declaration by WHO coronavirus as ‘Pandemic’triggered travel bans globally which sent shock waves across financial and commodity markets. US President Donald Trump's much-awaited speech at Oval Office could not allay investor concerns, as US stock futures tumbled 4 percent early on 12th March(Thursday), in addition to a near 6 percent slide in US stocks overnight, setting up the stage for a terrifying start for domestic indices. In the closing trades, the BSE Sensex cracked 2,919 points i.e. 8.1 percent, to 32,778.14. Nifty50 entered in to bear market, falling over 20 percent from the recent high. Read more

Market update:Indices give up gains

Market update:Indices give up gains
Wednesday, March 11, 2020
Benchmark indices were trading volatile today(11th March), with the volatility index, India VIX, surging 7 percent. The S&P BSE Sensex slipped 67 points, to 35,570 levels. Tata Steel and Infosys (both down 3%) were the top laggards in the Sensex pack. On the other hand, Reliance Industries was up 4 percent. The broader Nifty50 index hovered around 10,400 levels, down 64 points, or 0.6 percent. The majority of the Nifty sectoral indices were trading in the green. Nifty Bank, Nifty PSU Bank, and Nifty Private Bank indexes were all up over 1 percent each. On the other hand, the Nifty IT index slipped 2 percent. Read more

A sucker market rally is ahead ? caution required

A sucker market rally is ahead ? caution required
Wednesday, March 11, 2020
For seasoned investors, a battered stock market is a hunting ground to scout for the next winning bet. A sharp rebound might be in the offing with heads of states and central bankers scampering to talk up the market after Monday’s carnage. But the experienced traders are more likely to stay clear of such a ‘sucker rally’(A sucker rally is a bounce in an overall market downtrend usually driven by investors’ enthusiasm to lap up falling stocks) Read more

Indian Stock market: 5th March-Nifty to stay volatile; holding 11,000 level key for bulls

Indian Stock market: 5th March-Nifty to stay volatile; holding 11,000 level key for bulls
Wednesday, March 4, 2020
In a highly volatile session on Wednesday,4th March the stock market slipped back into the red.NSE Nifty made a tepid start and traded in a capped range in the morning trade. However, the bears made a comeback, as the headline index slipped below the 11,100 level. After recovering over 160 points from the day’s low in the last hour of the session, the 50-stock pack settled 52.30 points or 0.46 percent at 11,251. On 5th March, the expiry of weekly derivatives will dominate the session. As expected, Nifty is consolidating in volatile moves and is struggling to find a bottom. As of now, the index has stayed above the double bottom pattern support in the 11,050-11,100 zone. Experts expect the market to continue to consolidate with limited upsides. The trading range is also unlikely to let volatility come down significantly. Thursday’s session is likely to see a shaky start with 11,290 and 11,315 levels acting as resistance. The support is expected to come in at 11,190 and 11,100.

Equity market came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251

Equity market came under heavy selling pressure again: Sensex slips 214 pts, Nifty ends at 11,251
Wednesday, March 4, 2020
The equity market once again came under heavy selling pressure on 4th March. Benchmark indices tumbled around 2 percent during the day; however, they witnessed sharp recovery towards the end of the session, but still ended in the negative. The S&P BSE Sensex settled at 38,409, down 214 points or 0.55 percent. Of 30 stocks, 13 advanced while 17 declined.NSE's Nifty50 ended above 11,200 level at 11,251, down 52 points or 0.46 percent. 28 out of 50 stocks ended in the red and rest 22 in the green. Market breadth remained in favour of sellers as out of 2,534 companies traded on the BSE, 1,706 declined and 696 gained while 132 remained unchanged. Asian shares struggled to find their footing and bonds held stunning gains, as an emergency rate cut from the US Federal Reserve seemed to stoke rather than soothe fears over the coronavirus’s widening global economic fallout. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.

MARKET TODAY: Indices volatile, Sensex in up trend

MARKET TODAY: Indices volatile, Sensex in up trend
Tuesday, March 3, 2020
On Monday,2nd March the traders hit the sell button during the last hour of the session after two new COVID-19 cases were detected in Delhi and Telangana. Today after logging gap-up opening on Tuesday, benchmark indices turned volatile and erased most of the early morning gains. The benchmark S&P BSE Sensex was off opening highs and was trading 150 points higher at 38,315 level. Sun Pharma (up over 5 percent), ONGC, HCL Tech, and ICICI Bank were the top gainers on the 30-share index. On the downside, Titan, HDFC Bank, and ITC were trading in the red, down up to 0.7 percent. On the NSE, the Nifty50 was hovering around 11,200-mark but was up 100 points. Sectorally, Nifty Metal and Pharma indices, up 2.6 and 2.3 percent, respectively, were the star performers on the NSE. All other sectoral indices were trading over a percent higher. In the broader market, the S&P BSE mid-cap index was up 0.92 percent, while the S&P BSE small-cap index was up 0.8 percent

Caution:Oversold Nifty may try to pull back!

Caution:Oversold Nifty may try to pull back!
Tuesday, March 3, 2020
NSE Nifty slumped for a seventh straight session on Monday, as market sentiment took a hit after two new coronavirus cases were confirmed in India. The domestic stock market made a positive start and the index moved past the 11,400 level in the early trade. However, the headline index reversed course in the second half and lost over 350 points in an hour. It finally settled 69 points or 0.62 percent lower at 11,132.75. The market on Tuesday is expected to try and find a temporary bottom. Fresh Covid-19 cases in India might fuel a negative sentiment in the beginning, but the oversold nature of Nifty on the short term charts will help in a technical pullback. The index is likely to stay volatile. Tuesday’s session is likely to see 11,165 and 11,255 levels act as resistance. Support may come in at 11,036 and 10,965.

Investors lose Rs 11.4 trillion in 6 days:Selling overdone?

Investors lose Rs 11.4 trillion in 6 days:Selling overdone?
Saturday, February 29, 2020
Continuous selling for six sessions in the Indian markets in tune with global trends that have tumbled as coronavirus fears escalated has shaken investor confidence. Total investor wealth has dropped by Rs 11.4 trillion in the past six trading days to Rs 147 trillion, as per the exchange data. On 28th Feb 2020, the S&P BSE Sensex tumbled 3 percent, in intra-day deals to 38,565 levels. From a level of 41,323 on Wednesday, February 19, 2020, the index has tanked 6.7 percent in the past six trading days. There is more pain in store for global markets in the backdrop of the coronavirus scare. But it is widely felt that selling in the Indian markets has been overdone as the country has remained relatively immune to the pandemic till now. “Indian markets have been following the global trend and are better-off with the energy and commodity prices falling."If one is convinced about the long-term prospects, this is the time to buy fundamentally sound companies,” experts opined

Stock Market to remain open tomorrow

Stock Market to remain open tomorrow
Friday, January 31, 2020
Stock Trading on BSE and NSE will be open tomorrow to leverage special trading session on Budget Day. Modi led government has decided to present the budget on February 1 despite it being a Saturday this year. Since the government is expected to make some bold moves and relieve tax on long term capital gains, stock traders will keep a close watch on Budget day. Stock Market will be open for regular trading hours i.e. from 9:15 AM to 3:30 PM. Pre-open trade would be held normal from 9 am to 9.15 AM. There will be no settlement for tomorrow.

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