Tag: midcap index

The Indian benchmark indices extended losses in noon trade and were now down up to 0.7 percent today(3rd February 2022). The BSE Sensex was lower by 444 points at 59,114, and the NSE Nifty was 17,645, down 134 points. HDFC slipped further and was trading 3 percent lower, followed by L&T, Kotak Bank Infosys, Tech M, HUL, Bajaj Finance, IndusInd Bank, RIL, and Dr. Reddy's, all trading 1-2 percent lower. In the broader markets, the SmallCap index had trimmed gains and was down 0.1 percent, while the MidCap index was 0.6 percent lower. The top losers on the index included M&M finance, Godrej Properties, Supreme Ind, Muthoot Finance, Mindtree, Varun Beverages, and InfoEdge, trading 2-6 percent lower. Sectorally, auto shares continued to trade higher, while Financials and IT continued to be top laggards, down nearly 1 percent each. Read more

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

The benchmarks S&P BSE Sensex sank for a third straight day on Thursday, falling 634 points to end at 59,465 levels. With this, the 30-pack index has shed 1,844 points in three days. FII selling, rising US bond yields, soaring oil prices, and concerns over inflation have spooked the market. The benchmark S&P BSE Sensex sank for a third straight day on Thursday, falling 634 points to end at 59,465 levels. With this, the 30-pack index has shed 1,844 points in three days. On the NSE, the Nifty50 dropped 181 points to settle at 17,757. Both the benchmarks fell 1 percent today. Analysts, however, expect markets to recover from here on as they have reached their key support zones. Read more

The Indian benchmark indices continued to consolidate for the third day in a row as they opened marginally in the red. Profit-taking at all-time high levels and tepid global cues kept the market mood subdued. BSE Sensex was down 36 points at 58,172 while NSE Nifty shed 18 points to trade at 17,333. Axis Bank, Infosys, M&M, and Sun Pharma were the top Sensex losers while Kotak Bank, Bajaj Finserc, and Airtel were the best gainers. In the broader markets, the BSE Midcap index was unchanged while BSE Smallcap rose 0.2 percent. Sectorally, IT names continued to be under pressure while banking and financial names gained traction.

Indian benchmark indices saw modest gains on Dalal Street today(15th July 2021) amid mixed global cues. The frontline S&P BSE Sensex was at 53,067 levels, up 160 points or 0.31 percent. It's NSE counterpart, Nifty50, added 41 points, or 0.26 percent, to quote at 15,895 levels. Shares of Infosys added 1 percent in early deals as the IT major raised its revenue growth guidance for FY22 to 14-16 percent from an earlier estimate of 12-14 percent. L&T, HCL Tech, and Tech M were the other top gainer on the BSE barometer. The BSE MidCap index added 0.25 percent while the BSE SmallCap index advanced 0.63 percent. Twenty-two companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech, and Cyient are slated to post their quarterly numbers today. Read more

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