Tag: up

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.

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.

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.

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.

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.

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.

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.

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.

Ultratech cement gains 6 percent on strong revenue growth

Friday, July 22, 2022
UltraTech Cement shares rose as much as 6 percent on Friday after the company’s quarterly earnings beat estimates on all parameters during the June quarter. It reported a net profit of Rs 1,582 crore for the quarter that ended June 2022 7.45 percent lower than Rs 1,700 crore in the same quarter of last year. Its revenue from operations was up 28.18 percent to Rs 15,163.98 crore during the quarter under review as against Rs 11,829.84 crore in the corresponding period of the last fiscal. Profit before interest, depreciation, and tax was at ₹3,204 crores compared to ₹3,512 crores.UltraTech Cement’s total expenses were at Rs 12,980.06 crore, up 36.51 percent in Q1 FY23 as against Rs 9,508.26 crore. Read more

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.

Droupadi Murmu becomes India's first tribal President

Friday, July 22, 2022
Droupadi Murmu (64) made history by becoming India’s first tribal president. Fielded by the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), Murmu got more than 64 percent of the votes cast, and at least 20 opposition votes, winning the election by a massive margin, defeating common opposition candidate Yashwant Sinha (84) and winning voters in the electoral college with her charm, simplicity and determined conviction protect tribal identity. Tribal chiefs from all over the country are planning to troop into Delhi to felicitate the new president when she takes oath on July 25, putting on display a new, different, iridescent India. Read more

Gland Pharma fell 12 percent post Q1 result

Thursday, July 21, 2022
Shares of pharmaceutical company Gland Pharma hit a 52-week low of Rs 2,182 as they slipped 12 percent on the BSE in Thursday's intra-day trade. Consolidated net profit declined 35% YoY and 20% sequentially to Rs 229 crore in the Apr-Jun quarter, led by lower operating income and a 26% YoY fall in revenue from operations at Rs 857 crore in the period. The pharmaceutical company's PAT stood at Rs 351 crore in Q1FY22. On a sequential basis, PAT was down 20 percent from Rs 286 crore in Q4FY22The company's revenue from operations declined 26 percent YoY to Rs 857 crore from Rs 1,154 crore, and 22 percent QoQ from Rs 1,103 crore. Last year's revenue was higher due to Covid-19-related product sales. The company said continued supply disruption, cost escalation, and the Company’s decision to shut down two of its manufacturing lines for productivity improvement have affected the business for the quarter. Read more

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%.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Reliance Considering Buying Out Revlon In US

Friday, June 17, 2022
Indian conglomerate Reliance Industries is considering buying out Revlon Inc in the United States, days after the cosmetics giant filed for bankruptcy, business channel ET Now reported on Friday, citing sources. Mukesh Ambani-led Indian oil-to-retail conglomerate is now mulling bidding for a cosmetics maker that filed for Chapter 11 bankruptcy protection in the United States. Reliance has pushed its way into the fashion and personal care space in recent months as it diversifies away from its mainstay oil business. It has already established a foothold in the telecom and retail sectors. Shares of Revlon jumped 20% to $2.36 in premarket trade following the report. Reliance was up 1.9% in the Mumbai market. Read more

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

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.

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.

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.

Future Group to focus on rebuiding firms as Reliance deal rejected

Monday, April 25, 2022
After the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -Future Lifestyle Fashions, and Future Supply Chain Solutions, Future Consumer, and Future Enterprises, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). According to some industry sources, other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors. Read more

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.

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 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.

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.

HDFC Bank and mortgage lender HDFC Ltd to merge

Monday, April 4, 2022
India's largest private lender HDFC Bank will merge with housing finance firm HDFC Ltd, the companies said today(4 March 2022). As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 percent of HDFC Bank. Shares held by the housing finance company in the lender will be extinguished, making HDFC Bank a full-fledged public company, according to reports. The subsidiaries and associates of HDFC Ltd will shift to HDFC Bank, the companies said in a regulatory filing. "The merger—subject to regulatory approval-is coming together of equals. The customer will be the biggest gainer," said Keki Mistry, vice-chairman, and chief executive officer of HDFC, in an investor call. Read more

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 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.

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

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

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.

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 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.

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).

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.

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

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

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 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

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

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%

TVS Motor acquires 75% stake in Swiss E Mobility Group AG (SEMG).

Friday, January 28, 2022
TVS Motor Company has acquired a 75 percent stake in the Swiss e-Mobility Group (SEMG) for $100 million (about Rs 752 crore). TVS Motor plans to buy the remaining 25% stake by next year. The acquisition has been made in an all-cash deal through TVS Motor’s Singapore Subsidiary, TVS Motor (Singapore) Pte. This is the company’s second acquisition in Switzerland in the e-mobility space during the current financial year, after buying 80 percent in EGO Movement for $17.9 million in September 2021. In a statement, the company said, the acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired.“This acquisition furthers TVS Motor’s commitment towards e-personal mobility products. He further said that the acquisition will help strengthen the firm's commitment to environmental sustainability. Read more

Air India Officially taken back by Tata Group

Thursday, January 27, 2022
The government on Thursday officially handed over Air India to the Tata Group."We are delighted to have Air India back at the Tata group," Tata Sons Chairman N Chandrasekaran said. He said the company is looking forward to creating a “world-class airline"."I warmly welcome all the employees of Air India to our Group, and look forward to working together," Chandrasekaran said. "The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100 percent shares of Air India to M/s Talace Pvt Ltd along with management control. A new Board, led by the Strategic Partner, takes charge of Air India," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey stated. The consideration amount of ₹2,700 crores has been received by the government. The shares have been transferred to Talace. Consideration amount has been received and so the new owner is Talace. The debt of ₹15,300 crores has been accepted by the new owners. Read more

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.

POSCO, Adani Group to invest $5 bn in green projects

Thursday, January 13, 2022
POSCO and the Adani Group together will be investing up to $5 billion and have agreed to explore business cooperation opportunities, including the establishment of green, environment-friendly integrated steel mill at Mundra, Gujarat, as well as other businesses. The non-binding MoU signed between POSCO and Adani will see further collaboration at the group business level in various industries such as renewable energy, hydrogen, and logistics in response to carbon reduction requirements. Both the parties are examining various options to cooperate and leverage the technical, financial, and operational strengths of each company. The collaboration includes evaluating a joint Integrated Steel Mill at Mundra, Gujarat, based on POSCO’s state-of-the-art technology and cutting-edge R&D capability, said Adani in its release. Read more

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.

Banks see uptick in credit growth and asset quality likely to improve

Monday, January 10, 2022
According to some analysts, banks saw some uptick in credit growth during the October – December period of 2021, which could help them report better profitability. The credit growth remained sluggish since the start of the coronavirus (Covid-19) pandemic in March 2020. Q3FY22 saw loan growth improving due to festive season demand along with pent-up demand as there were minimum economic disruptions due to lockdowns. According to Reserve Bank of India’s (RBI) data, year-on-year loan growth of banks inched up to 7.3 percent by the end of September, from about 6.1 percent in June end. "Q3FY22 is expected to be sequentially better on the growth and operational front for lenders, in general, barring a few exceptions,” ICICI Securities said in a note. Read more

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 up 464 points at 60,209, and NSE Nifty higher by 136 points at 17,949

Monday, January 10, 2022
The Indian benchmark indices today (10th Jan.2021) were firmly holding their opening gains amid broad-based buying and gains in heavyweights ITC, Infosys, and HDFC Bank. The BSE Sensex was up 464 points at 60,209, and the NSE Nifty was higher by 136 points at 17,949. The two indices were up 0.8 percent each. In the broader markets, the BSE MidCap and SmallCap indices were also higher by up to 0.9 percent. Among the top gainers were Maruti (up 3.6 percent), ITC (up 2.1 percent) Infosys (up 1.7 percent), and banking stocks on the Sensex. Further, shares of Tata Consultancy Services (TCS) jumped 3 percent to Rs 3,979.90 on the BSE after India's largest information technology (IT) firm said its board will consider a buyback proposal on Wednesday, January 12, 2022. The stock traded close to its record high level of Rs 3,990 touched on October 8, 2021. Read more

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.

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.

Steady depreciation in rupee spells trouble for stock prices

Thursday, December 16, 2021
A steady depreciation in the rupee spells trouble for the rally on D-Street. Historically, most rallies in the equity market have occurred either when the rupee has appreciated or has been stable. In contrast, a decline in the value of the rupee against the dollar has been accompanied by market decline. For example, the BSE Sensex is down around 2.6 percent since the beginning of November, against a similar 1.9 percent fall in the value of the rupee against the dollar in the period. Today (16th Dec.2021), the equity market and the rupee ended in the red. The Indian currency closed at around 76.23 to a dollar, down around 0.47 percent, from Rs 75.87 on Tuesday. In comparison, the BSE Sensex was down 0.57 percent on Wednesday. Read more

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.

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%

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

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

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

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 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 up 659 points at 57,724 levels while Nifty at 17,183, up 200 points

Wednesday, December 1, 2021
The Indian frontline indices started gap-up today (1st December 2021) on the back of strong GDP growth of over 8 percent in Q2. With this, India continues to remain the fastest-growing large economies in the world. That apart, firm Asian cues also supported the sentiment on the Street. The BSE Sensex was up 659 points, or 1.15 percent, at 57,724 levels. The Nifty50, on the other hand, was at 17,183, up 200 points. IndusInd Bank (up 3.7 percent) was the top Sensex gainer, followed by Tech M, HDFC, NTPC, Tata Steel, and UltraTech Cement. Power Grid was the only loser on the index, down 0.2 percent. In the broader markets, the BSE MidCap and SmallCap indices added 0.9 percent and 0.8 percent, respectively. Read more

Closing Bell: Sensex up 153.43 points, Nifty at 17,054.00.

Monday, November 29, 2021
At close, the Sensex was up 153.43 points or 0.27% at 57,260.58, and the Nifty was up 27.50 points or 0.16% at 17,054.00. Kotak Mahindra Bank was the top gainer,, followed by HCL Technologies, Titan, TCS, and Bajaj Finance. Sun Pharma, Axis Bank, NTPC were the top laggards. About 875 shares have advanced, 2337 shares declined, and 142 shares are unchanged.Among sectoral indices, the Power index plunged 2 per cent, the Realty and Oil & Gas indices dropped 1.6 per cent each. The IT index, however, was up 0.7 per cent. The BSE Midcap index shed 0.9 per cent, and the Smallcap index dropped 1.9 per cent.India VIX closed at 20.83 points.

5 bank stocks that may give up to 10% return in a month

Thursday, November 25, 2021
The current market sentiment is uncertain and may provide opportunities in major stocks. Here are five bank stocks that look good on the technical charts for a 10 percent upside in one month. 1. State Bank of India Likely target: Rs 530 Upside potential: 8% The shares of the banking major took support at its 50-day moving average (DMA), located at Rs 479 recently. As long as this support is defended, the positive bias may help resume an upward momentum towards Rs 530, its next major hurdle, according to the daily chart. The Moving Average Convergence Divergence (MACD) has reached near the zero line and if shows a similar reversal like stock price, the direction and leadership may show an aggressive bullish sentiment. Read more

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 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.

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.

Air India will be transferred to Tata Group by the third week of January 2022

Friday, November 12, 2021
Air India will be transferred to Tata Group, the new owner, by the third week of January 2022, Union aviation minister Jyotiraditya M Scindia said at the Times Now Summit 2021 yesterday(11th Nov.2021). India will also see a startup, Akasa, take to the skies along with a reborn Jet Airways next year. January 23 is the 'long stop date' by which Tatas have to take over the airlines. Soaring aviation turbine fuel prices have led to a 400% increase in Indian airlines’ operating cost in recent months, Scindia said, adding that had the government not recently raised domestic fare bands by 12.5%, there “won’t have been any airline left for us to board”. “We are seeing a tremendous amount of green shoots. The last weekend saw a high of 3.8 lakh passengers daily, with the pre-Covid high being 4.2 lakh. So we are only 10% below the pre-Covid high. Almost 90% of (domestic) traffic has recovered. But it is important to be cautious,” he said.

Nykaa makes a stellar debut, stock lists at Rs 2,247 with 98% premium

Wednesday, November 10, 2021
Beauty startup Nykaa's founder Falguni Nayar has become India’s wealthiest self-made female billionaire, who owns almost half of Nykaa’s shares is now worth $6.5 billion as shares surged as much as 98% when they started trading Wednesday.Nayar, who formerly led a top Indian investment bank, founded Nykaa in 2012.Indian Institute of Management (IIM), Ahmedabad graduate Nayar has previously worked with AF Ferguson & Co and Kotak Mahindra Group. Heading a team of over 1600, Falguni has built beauty and lifestyle retail empire Nykaa which has emerged as India’s leading beauty retailer with a portfolio of 1500+ brands, including its own private label, available online and across 68 stores in India. Nayar owns her company stake through two family trusts and seven other promoter entities. Nykaa’s (FSN E-Commerce Venture Limited) shares were offered within a price range of ₹1,085 to ₹1,125, but the company made its stock market debut ₹2,001 earlier today. Read more

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.

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

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

MARKET UPDATE:Sensex 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

Big Indian companies are steping up investments following the post pandemic

Friday, October 22, 2021
With healthy cash reserves and aided by stronger balance sheets post-Covid, Indian companies are looking to step up their capital expenditure and investment plans. Industry captains and analysts say a mix of factors such as accommodative monetary policy and lower interest rates, reduced corporate tax rates and government incentives such as Production-Linked Incentive (PLI) scheme, global liquidity, and upward commodities cycle are fueling optimism among companies. "Corporates are sitting on cash as profitability has picked up in the post-pandemic period. They are looking to invest in order to capture available opportunities of increased government spending, divestment, consumer demand revival, and export market. PLI scheme and revival of real estate and housing will make a positive impact on the investment cycle. We believe sectors like IT pharma steel, sugar, cement, real estate, and infrastructure will take lead on investment" says an economic expert. Read more

Rakesh Jhujhunwala ups stake in Tata Motors DVR

Thursday, October 21, 2021
Ace investor Rakesh Jhujhunwala has bought an additional 10 million equity shares in Tata Motors DVR in July-September (Q2FY22), increasing his stake in the Tata Group company to 3.93 percent in Q2 from 1.97 percent at the end of June quarter (Q1), according to the shareholding pattern filed by the company. As per the data, Rakesh Radheshyam Jhunjhunwala held a 2.70 percent stake or 13.75 million equity shares in Tata Motors DVR in Q2, as against a 1.97 percent stake (10 million shares) in the previous quarter. The ace investor has purchased a 1.23 percent stake or 6.25 million shares in name of Rakesh Jhujhunwala during the quarter, against nil or below 1 percent holding in the previous quarter, data shows. CLICK HERE FOR DETAILS Differential Voting Rights (DVR) shares are shares that are permitted to be issued with differential voting and differential dividend rights. Read more

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.

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.

Rising prices of coal to effect on steel companies' September qtr earnings

Tuesday, October 12, 2021
Rising prices of international coal – both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said experts. Since metals is a cyclical sector, a year-on-year comparison for earnings would give a better picture. However, due to the ongoing pandemic and last year’s low base, sequential comparison has been taken in consideration to show a clearer picture on pricing and volume trend. Read more

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.

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

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.

Weakening rupee, rising crude oil and gas prices and impending power shortage dragged indices;Sensex tanks 555 pts

Wednesday, October 6, 2021
The weakening rupee, rising crude oil and gas prices and impending power shortage that has the potential to slow down economic recovery weighed on domestic benchmark indices on Wednesday. All quarters of the market saw selling, led by metal and realty names, wiping off Rs 2.78 lakh crore of equity wealth reflected by the total market cap of BSE-listed companies. The 30-share pack Sensex declined 555.15 points or 0.93 percent to close at 59,189.73. The index closed down nearly 800 points from the day’s high. Its broader peer NSE Nifty dropped 176.30 points or 0.99 percent to 17,646. “Spike in crude prices is spooking the Indian market while inflation is affecting US bond yields. RBI commenced its three-day MPC meeting in which the central bank is expected to keep rates unchanged, however, it is likely to announce measures to gradually pump out liquidity from the economy," said Vinod Nair, Head of Research at Geojit Financial Services.

Consumer major Marico stock up 12% from Aug lows

Wednesday, October 6, 2021
Consumer major Marico stocks rose about 2.4 percent in trade today(6th Oct.2021) after its quarterly update highlighted pick up in demand and improving consumer sentiment across categories. While the ongoing vaccination and lower covid infections not only led to healthy overall demand, improved mobility too rubbed off on growth in discretionary and out-of-home categories. For its domestic business which accounts for three-fourths of its revenues, revenue growth came in at low twenties which was in line with analyst estimates. After an 11 percent dip in Q1FY21, Marico’s revenue growth has been trending up over the last three quarters on a lower base and gradual recovery. The company had ended the June quarter with a growth of 26 percent. While the sharp 14 percent decline in domestic volumes had dragged down the two-year average quarterly growth to 3.5 percent in the June quarter, the company indicated that the metric is now closer to double digits. Read more

Action now shifted to the mid-and small-cap segments after the stupendous rally

Tuesday, October 5, 2021
Now the action seems to have shifted to the mid-and small-cap segments after the stupendous rally that saw the S&P BSE Sensex cross the 60,000 mark on September 24. At a time when the markets navigated through an uncertain phase of rising oil prices, plans of liquidity taper by the US Federal Reserve (US Fed), and developments in China, S&P BSE Sensex slipped over 1 percent. The mid-and small-cap indices on the BSE, on the other hand, moved up over 2 percent and 1 percent, respectively during this period. Gains in some of the individual stocks in the mid-and small-cap space have been noticeable. India Glycols, Patel Engineering, Brightcom, Godfrey Phillips India, Tejas Networks, and IDBI Bank have surged 24 percent to 47 percent during this period, ACE Equity data show. Read more

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.

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.

Meesho raises $570 mn and its valuation doubles to $4.9 bn

Thursday, September 30, 2021
Social commerce startup Meesho today(30th Sept.2021) said that it has raised $570 million led by Fidelity Management & Research Company and B Capital Group, a venture capital firm co-founded by Facebook co-founder Eduardo Saverin. Existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook also participated in this round. Other new investors include Footpath Ventures, Trifecta Capital and Good Capital, and others. Following the rise, the company’s valuation has more than doubled to $4.9 billion in less than five months. Meesho aims to reach 100 million monthly transacting users by December 2022. It expects to utilise the fresh round of funding to grow its technology and product talent by 2.5x, increase its roster to over 50 million products, and become the platform of choice for customers, entrepreneurs, and sellers from all corners of India. Read more

MARKET UPDATE:Sensex touched a low of 59,149, was down around 290 points while Nifty recovered from a low of 17,608 and down 76-odd points at 17,673

Wednesday, September 29, 2021
The Indian benchmark indices have recovered partially from the early morning lows on the back of selective buying interest in pharma, realty, and energy shares. The Sensex, which, touched a low of 59,149, was down around 290 points at 59,376 in mid-morning deals today(29th Sept.2021). The NSE Nifty recovered from a low of 17,608 and was down 76-odd points at 17,673. Lupin and Dr.Reddy's are the major gainers up 3.1 percent and 2.5 percent respectively. Sun Pharma, Torrent Pharma, and Biocon are the other prominent gainers on the NSE. The Power index has logged smart gains for the second straight day on the back of follow-up buying in power majors - NTPC and PowerGrid Corporation. Tata Power, CESC, and Adani Power too have logged strong gains.

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.

Closing Bell:Sensex gains 163 points, Nifty at 17853.20

Friday, September 24, 2021
At close, the Sensex was up 163.11 points or 0.27% at 60,048.47 ended above the 60,000-mark for the first time on Friday, and the Nifty was up 30.20 points or 0.17% at 17,853.20. Bajaj Finservice, 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 1286 shares have advanced, 1894 shares declined, and 152 shares are unchanged.The BSE MidCap index fell 1 per cent, while SmallCap index slipped 0.3 per cent. Barring, Nifty IT, Auto and Realty all other sectoral indices, ended in the red. Bank Nifty rallied 2.24 per cent settle at 37,771, while Nifty Realty index skyrocketed nearly 1.5 percent.

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.

Markets have given a thumbs up to the Zee Sony merger news;stock may get re-rated

Wednesday, September 22, 2021
The news of Zee Entertainment - Sony Pictures India merger news has resulted in the stock of the Punit Goenka controlled firm hitting the upper circuit of 20 percent at Rs 306.75 on the BSE. This is also the 52-week high level for the counter. According to the analysts, the deal should put to rest investor's concerns regarding corporate governance issues and can result in significant re-rating for the stock going ahead. It currently trades at around 16/14x FY23/24 earnings. Among the other Essel Group stocks, Dish TV India surged 10 percent to Rs 21.54 on the BSE. Zee Media Corporation hit the upper circuit of 5 percent at Rs 12.36, while Zee Learn was up 20 percent to Rs 16.64 on the BSE in intraday trades. In comparison, the S&P BSE Sensex gained 0.27 percent at 59,162 points. Read more

As Evergrande concerns spark market rout World's richest 500 lose $135 billion

Tuesday, September 21, 2021
The richest 500 people lost a combined $135 billion on Monday (20th Sept. 2021) due to a global rout in stock markets sparked by concerns over the China Evergrande Group. Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell from $7.2 billion to $198 billion, according to the Bloomberg Billionaires Index. No. 2 Jeff Bezos, the founder of Seattle-based Amazon.com Inc., lost $5.6 billion, paring his fortune to $194.2 billion. A cash crunch at Evergrande, China’s most indebted developer, and a regulatory crackdown on the nation’s real estate market stoked fears about possible financial contagion. Markets also reacted to U.S. Treasury Secretary Janet Yellen’s warning of economic catastrophe if lawmakers fail to raise the debt ceiling. Read more

Adani to invest $20 bn in renewable energy in 10 years

Tuesday, September 21, 2021
Adani Group is the world's largest renewable power generating company by 2030, as his group will invest USD 20 billion over the next 10 years in renewable energy generation and component manufacturing and will produce the world's cheapest green electron. The port-to-energy conglomerate plans to triple its renewable power generation capacity over the next four years, foray into green hydrogen production, power all data centers with renewable energy, turn its ports into net carbon zero by 2025, and plans to spend over 75 percent of capital expenditure until 2025 in green technologies, he said. Adani Group's "integrated value chain, our scale, and experience put us on the path to be the producer of the least expensive green electron anywhere in the world," he said. The announcement came weeks after India's richest man Mukesh Ambani announced an investment of Rs 75,000 crore (USD 10 billion) in clean power and hydrogen fuel over three years. Read more

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.

No need to lap up metal stocks yet, hint tech charts

Tuesday, September 21, 2021
On Monday(20th Sept.2021) metal shares witnessed their biggest meltdown in recent times as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices. The BSE Metal index tumbled nearly 7 percent in trade in the last session. Naturally, the question arises that Should you enter the stocks at current levels or wait for them to turn cheaper? Tech charts suggest the latter seems to be a better option. Read more

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.

ITC can rally up 30% to Rs 300 levels in the days ahead:Analysts

Thursday, September 16, 2021
On the BSE in intra-day trade today(16th Sept.2021) ITC hit a seven-month high of Rs 233.30, up 8 percent The move comes on the expectation of a likely improvement in the business outlook. The stock is trading at its highest level since February 2021. It had touched a 52-week high of Rs 239.15 on February 9, 2021. In past one year, the stock has underperformed the market by gaining 28 percent, as compared to 50 percent surged in the S&P BSE Sensex. In the past three years, ITC's share price dipped 25 percent, against a 55 percent rally in the benchmark index. However, technical charts suggest the counter can move up further in the days ahead. Read more

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.

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

Gaurav Gupta, Co-founder and head of supply of Zomato,quits

Tuesday, September 14, 2021
Gaurav Gupta, a co-founder, and head of supply of Zomato has quit the company. It may be recalled that Zomato made a public offering in July. "I am taking a new turn in my life and will be starting a new chapter, taking a lot from this defining chapter of my life – the last 6 years at Zomato. We have a great team now to take Zomato forward and it’s time for me to take an alternate path in my journey. I am very emotional as I write this and don’t think any words can do justice to how I am feeling right now," Gupta said in a company-wide email he sent earlier today. In response to the communique, Goyal responded with: "Thank you GG for everything you have helped Zomato achieve over the last few years. We have seen Zomato through great as well as terrible times together and brought it here today. There’s so much of our journey still ahead of us, and I am thankful that you are hanging your boots at a point where we have a great team and leadership to carry us forward." Read more

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.

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.

FRL-RIL deal: SC asks NCLT, CCI, Sebi not to pass final orders for 4 weeks

Thursday, September 9, 2021
Today (9th Sept.2021) The Supreme Court of India stayed all the proceedings before the Delhi High Court for four weeks related to the implementation of an award by Singapore's Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL) from going ahead its Rs 24,731 crore merger deal with Reliance Retail. A bench headed by Chief Justice N V Ramana, in a consent order, also directed the statutory authorities like National Company Law Tribunal (NCLT), Competition Commission of India (CCI), and market regulator Sebi not to pass any final order related to the merger deal for next four weeks. It considered the statements of senior advocates Harish Salve and Mukul Rohatgi, appearing for FRL and Future Coupons Private Ltd (FCPL) respectively, that the arbitrator has reserved the final verdict in the case after hearing both sides. Read more

Vodafone Idea is Hopeful of govt support: Vi chairperson

Tuesday, September 7, 2021
Vodafone Idea (V I) is hopeful of government support in generating reasonable returns on its investment and addressing the challenges plaguing the telecom sector, the company’s chairperson Himanshu Kapania said in a letter to shareholders. Kapania took over from Kumar Mangalam Birla on August 4, days after the Supreme Court rejected its application for a correction in the calculation of adjusted gross revenue dues. The telecom company’s operational performance has been impacted by intense competition, low tariffs, and a debt of Rs 1.9 trillion leaving it with a little surplus for network upgrade. The company has sought an additional one-year moratorium on spectrum dues and is pitching for a decision on floor price for telecom. Read more

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

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.

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

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

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.

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.

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.

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

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: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.

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.

Amazon scores big win as Supreme Court says arbitration restraining Future-Reliance deal enforceable

Friday, August 6, 2021
India’s apex court on Friday ruled in favor of Amazon, as Reliance cannot go ahead with its 24,713 crore deal to buy Future Groups retail assets. The court backed an arbitrator's decision to pause the deal in the Jeff Bezos Vs Mukesh Ambani legal fight. The verdict comes as a big win for e-commerce giant Amazon in the battle for the large Indian market. The US-based company had filed pleas against the merger of Future Retail Ltd (FRL) with Reliance Retail.The Indian Supreme Court said the order by a Singapore arbitration court last year which had ruled to stall the deal between the two Indian giants is enforceable in India.Reliance Retail said a year ago it had reached an agreement with Future Group to acquire the latter’s retail and wholesaler business, as well as its logistics and warehousing business, for $3.4 billion. Read more

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%.

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.

Sensex up 873 pts at 53,823; Nifty near 16,150;investors got richer by Rs 2.4 trillion

Tuesday, August 3, 2021
Benchmark indices today (3rd August 2021) recorded their sharpest intra-day gains since May 21 as better-than-expected June quarter performance by India Inc restored investor confidence in faster-than-expected economic recovery. Amid a steep rally, investors got richer by Rs 2.37 trillion, BSE data showed. The BSE barometer of 30-shares zoomed 937 points in the intra-day deals and hit a record high level of 53,888 on the BSE, led by Titan Company (up 4 percent), HDFC, IndusInd Bank, Sun Pharma, SBI, and Nestle India. It pared gains marginally and ended at 53,823 levels, up 873 points or 1.65 percent. The broader Nifty50, meanwhile, hit a new peak of 16,147 on the NSE. It ended with 246 points, or 1.55 percent, gains at 16,131 levels. A long bull candle was formed on the daily chart that indicates a sharp upside breakout of the two months' sideways range of around 15960 levels. This is a positive indication and signals more upside in the near term. Read more

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.

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 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.

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.

Adani shares fall up to 5% as it faces Sebi, DRI probe over compliance

Monday, July 19, 2021
Shares of Adani Group stocks fell up to 5 percent in intraday trade on July 19 after Minister of State for Finance Pankaj Chaudhary said in Parliament today that the directorate of revenue intelligence and SEBI (Securities and Exchange Board of India) are probing some entities of the Adani group about compliance with the SEBI regulations. It was not immediately clear when the investigation was launched. The minister did not name which companies were involved. He also alleged that the Enforcement Directorate is not probing companies holding FPIs based on day-to-day trading of shares. A month ago, Adani Group had quashed reports about the National Securities Depository Ltd (NSDL) freezing three foreign portfolio investors (FPIs) related to the group. Adani Group CFO Jugeshinder Singh told CNBC-TV18 that it was "a malicious attempt to push a patently false story". Read more

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

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

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.

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.

Titan shares dips 3 percent after June quarter business update

Wednesday, July 7, 2021
Shares of Titan Company dipped 3 percent to Rs 1,717.55 on the BSE in intra-day trade on Wednesday after the watch-to-jewelry maker released a business update for the first quarter of FY22. The company recorded revenue growth of around 117 percent year-on-year (YoY), excluding bullion sales, in the April-June quarter of the financial year 2021-22 (Q1FY22), with revenue contribution of nearly 50 percent 10 percent and 40 percent coming from April, May and June months, respectively. The company’s sales were hit amid the second COVID-19 wave, which led to temporary closures of stores in key states. Jewellery division in Q1FY22 grew by around 107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. The watches and wearables division grew by around 280% over Q1FY21. Eye Wear division grew by around 117% over Q1FY21. Read more

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

Tata Motors Tanks 10 percent as company flags concerns over chip shortage

Tuesday, July 6, 2021
Shares of Tata Motors tanked 10 per cent to Rs 311.53 on the BSE in intra-day trade on Tuesday after its UK subsidiary Jaguar Land Rover (JLR) said it expects an operating cash outflow of about £1 billion, with negative earnings before interest tax (EBIT) margin in the second quarter ended September 2021 (Q2FY21), due to the supply constraints. Based on recent input from suppliers, the company now expects chip supply shortages in the Q2FY22 to be greater than in the first quarter, potentially resulting in wholesale volumes to be about 50 percent lower than planned, although it said it is working to mitigate this. We expect the situation will start to improve in the second half of our financial year, the company said.“The present semiconductor supply issues represent a significant near-term challenge for the industry which will take time to work through but we are encouraged by the strong demand we see for when supply recovers,” said Thierry Bollore, chief executive officer, JLR. Read more

Is building a completely self-sufficient supply chain in semiconductor technology unrealistic?

Monday, July 5, 2021
American government worried these days about computer chips and China’s ambitions with the foundational technology. But a machine sold by a Dutch company has emerged as a key lever for policymakers — and illustrates how any country’s hopes of building a completely self-sufficient supply chain in semiconductor technology are unrealistic. The machine is made by ASML Holding, based in Veldhoven. Its system uses a different kind of light to define ultrasmall circuitry on chips, packing more performance into the small slices of silicon. The complex machine is widely acknowledged as necessary for making the most advanced chips, an ability with geopolitical implications. The Trump administration successfully lobbied the Dutch government to block shipments of such a machine to China in 2019, and the Biden administration has shown no signs of reversing that stance. Read more

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.

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 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.

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 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.

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.

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 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.

Adani Group shares fell 20 percent after NSDL freezes 3 FPI accounts

Monday, June 14, 2021
Adani Group stocks fell 20 percent on Dalal Street today morning, hitting the lower circuit within the initial minutes of trade. The fall in Adani Group shares came after reports surfaced that National Securities Depository Limited (NSDL) froze three accounts of Foreign Portfolio Investors (FPI) that owned a significant stake in Adani Group Companies.As per an Economic Times report, NSDL froze the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, which together own more than Rs 43,500 crore worth of shares in Adani Enterprises, Adani Green Energy, Adani Transmission and Adani Total Gas. The freeze on the three accounts could be because of insufficient disclosure of information regarding beneficial ownership as per the Prevention of Money Laundering Act (PMLA), said top officials at custodian banks and law firms handling foreign investors. Read more

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.

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.

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.

Nifty IT index could double in one year; Stay put

Wednesday, June 9, 2021
In spite of over 170 percent rally since April last year, the gains in Information Technology (IT) stocks are showing no signs of abating. The Nifty IT index was ruling 0.5 percent higher on the National Stock Exchange (NSE) in today's(9th June 2021) intra-day trade, has soared 14 percent so far in the calendar year 2021. According to analysts, the technology upcycle has just begun and sector players are set to reap benefits of the digital boom and cloud adoption. "A distinct trait of this upcycle would be its margin-accretive nature. The biggest differentiator for this cycle is the acceleration it has triggered towards technology spends and quicker decision-making than any other upcycle in the past. All in all, we remain confident that like in past three IT upcycles, multiple re-ratings will be sharp in the early phase of this cycle as well, followed by earnings upgrades as the Street plays catch up," it said in a recent sector-specific report. Read more

Piramal Group's resolution plan for DHFL approved by NCLT

Monday, June 7, 2021
The Piramal Group’s resolution plan for Dewan Housing Finance Limited (DHFL) has been approved by the Mumbai bench of the National Company Law Tribunal (NCLT). The order is subject to the outcome of the appeal in the appellate tribunal and the Supreme Court. Piramal’s plan offers to pay Rs 37,250 crore, with upfront cash of Rs 12,700 crore; it has already been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI). "We are pleased with the judgment today by the Honorable NCLT for approving our resolution plan for DHFL. This follows the endorsement of 94% of lenders, and the subsequent approvals from RBI and CCI, and reiterates the strength and quality of our bid", the Piramal Group said in a statement. Read more

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.

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.

PNB Housing Finance to raise Rs 4,000 cr from entities affiliated to Carlyle

Monday, May 31, 2021
Shares of PNB Housing Finance were locked in the upper circuit of 20 percent at Rs 525.20, hitting 52 weeks high on the BSE on Monday, after the company board approved a capital raise of up to Rs 4,000 crore, led by entities affiliated to the Carlyle Group Inc. Pluto Investments S.a.r.l., an affiliated entity of Carlyle Asia Partners IV, L.P. and Carlyle Asia Partners V, L.P. had agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants at a price of Rs 390 a share, the company said in an exchange filing. The Carlyle Group Inc has made an open offer for the acquisition of up to 70.79 million shares of PNB Housing Finance, representing 26 percent of the expanded voting share capital, at a price of Rs 403.22 per share from the shareholders of the company."Existing shareholders of the company, funds managed by Ares SSG and General Atlantic, are also participating in the capital raise. PNB will continue to be the promoter Read more

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

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.

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.

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%.

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.

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.

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.

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.

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.

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.

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.

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

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.

Indian government is unlikely to impose a nationwide lockdown

Monday, May 3, 2021
The Indian government is unlikely to impose a nationwide lockdown, though states and UTs have been advised to take stringent measures and implement “customised lockdowns” to break the chain of transmission and curb the spread of COVID-19 infection, official sources said. The Supreme Court today directed the central and state governments to consider enforcing a ban on mass gatherings and super spreader events as well as consider imposing a lockdown. "We would seriously urge the central and state governments to consider imposing a ban on mass gatherings and super spreader events. They may also consider imposing a lockdown to curb the virus in the second wave in the interest of public welfare," the Supreme Court said. Read more

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.

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.

Maruti Suzuki Q4 profit down 10% to Rs 1,166 crore

Tuesday, April 27, 2021
India’s largest passenger car manufacturer Maruti Suzuki India on Tuesday reported a near 10 percent year-on-year fall in net profit to Rs 1,166 crore for the quarter ended March on account of lower sales volume, increase in commodity prices, adverse foreign exchange movement, and lower non-operating income. During the previous year, the company reported a profit of Rs 1,291.7 crore. Revenue from operations in Q4 FY21 stood at Rs 24,023.7 crore, up 32 percent from Rs 18,198.7 crore in the year-ago period backed by strong double-digit growth in sales. In the December quarter of the current fiscal, PAT stood at Rs 1,941.4 crore. On a consolidated basis, the net profit slipped 6.1 percent to Rs 1,241.1 crore. Analysts had expected Maruti to report a 38 percent year-on-year jump in net profit to Rs 1,785 crore for the quarter on revenues of Rs 23,704 crore. Read more

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.

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. .

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.

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.

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.

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.

Barbeque Nation shares locked in upper circuit for 2 day

Thursday, April 8, 2021
Shares of casual dining chain operator Barbeque Nation Hospitality on Thursday were locked in a 20 per cent upper circuit, for the second straight day, at Rs 708.45 on the BSE. Currently, the stock was up 42 per cent against its issue price of Rs 500 per share after a weak market debut, yesterday. On April 7, it made a weak start but immediately moved higher to trade with 20 per cent gains and closed at Rs 590.40 against the issue price of Rs 500 a share. Barbeque Nation Hospitality's ₹ 453-crore IPO was subscribed 5.98 times, according to data available on the stock exchanges. The strong presence in the Indian market positions the company well to capitalise on the growth in consumer spending from expected increases in the level of disposable income in India. The company would be spending around Rs 90 crore in the next two years to expand its restaurant (both ‘Barbeque Nation’ & ‘Toscano’) base in existing cities, ICICI Securities said.

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.

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.

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.

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

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.

Tata Group stocks gains as Supreme Court ruled in favour of Tata Sons

Friday, March 26, 2021
Shares of Tata Group companies, on Friday, rallied up to 6 per cent in intra-day trade on the BSE after the Supreme Court announced its verdict in favour of the Tata Group in the high-profile Tata vs Cyrus Mistry. Indian Hotels was the biggest gainer, rising 5.75 per cent, followed by Tata Steel, Tinplate, Tata Steel BSL, Tata Motors, Tata Power, Nelco, Tata Communication, Tata Coffee, Titan and Tata Chemicals NSE 1.79 % that gained 3-6 per cent. The Supreme Court's verdict in the nearly five-year-old case puts an end to the corporate war between Tata Group and the Mistrys. A bench headed by Chief Justice SA Bobde also dismissed the appeals moved by the SP Group and Cyrus Investments. Read more

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.

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

Future group stocks fall sharply as deal with Reliance deal on hold

Friday, March 19, 2021
Shares of Kishore Biyani-led Future group companies, on Friday, were locked in their respective lower circuit, with no buyers seen on the counters, after the Delhi High Court upheld the Emergency Award passed against the $3.4-billion Future-Reliance deal. The company's shares plummeted a day after the Delhi High Court upheld the Emergency Award (EA) order passed by the Singapore International Arbitration Centre (SIAC) against Future Retail's Rs 24,713 crore deal with a subsidiary of Mukesh Ambani’s Reliance Industries Limited (RIL). As part of the deal, Reliance was supposed to acquire Future’s retail, logistics and warehousing businesses. But global e-commerce giant Amazon had opposed the Future-RIL deal soon after it was announced last year and subsequently secured the EA award against the deal from the Singapore arbitrator. Not just Future Retail but shares of several other Future Group companies fell on the stock market.

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.

SP Group has commenced talks with foreign investors to raise up to Rs 4,000 crore

Tuesday, March 16, 2021
SP (Shapoorji Pallonji)Group has commenced talks with foreign investors to raise up to Rs 4,000 crore as debt to be paid to Indian lenders. This is seen as a last-ditch effort by the Indian conglomerate to circumvent the non-performing asset (NPA) label by March-end. The group has already placed its three assets on the block. The move by SP & Company (SPCPL) — the flagship company of SP Group — comes at a time when banks are discussing its one-time restructuring (OTR) application. A banker said SP Group is in talks with SSG Capital and other institutions to raise funds till its OTR gets clearance. SP Group’s earlier attempts to raise funds from Toronto-based Brookfield Asset Management Inc. were nixed by Tata Group. Tata Group had said SP Group cannot give its holding company, Tata Sons, shares as collateral without its permission and had moved to Supreme Court. Read more

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

Anupam Rasayan India coming with an IPO to raise upto Rs 752 crore

Wednesday, March 10, 2021
Surat-based Anupam Rasayan is one of the leading companies engaged in the custom synthesis and manufacturing of speciality chemicals in India. The issue opens on 12 Mar 2021 and closes on 16 Mar 2021. The Price Band is Rs 553-Rs 555 and the Market Lot size is 27 shares and the multiple thereof. The Issue Size is Rs 760 cr and the total number of shares offered are 13,693,693. The shares will be listed on BSE as well as NSE. The issue by the speciality chemicals company comprises entirely fresh issuance of shares and the net proceeds would be utilised towards repayment or prepayment of certain indebtedness and for general corporate purposes. The post-issue implied market capital is pegged at Rs 5,527-5,544 crore. Read more

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.

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.

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

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

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

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.

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 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 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.

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.

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.

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

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.

FM extends tax holiday, capital gains exemption for startups

Monday, February 1, 2021
Finance Minister Nirmala Sitharaman in her third budget speech on Monday, extended the tax holiday for startups by another year to March 2022. The capital gains exemption given to startups was also extended by a year more. According to experts, since most startups are loss-making, tax holiday will have limited immediate impact on them.“In order to incentivise startups in the country, I propose to extend the eligibility for claiming tax holiday for startups by one more year to March 31, 2022…In order to incentivise funding for the startups, I propose to extend the capital gains exemption for investment in startups by one more year to March 31, 2022,” Sitharaman said. There have been many steps taken by the government to help startups, which include broadening the definition of startups, simplifying regulations, providing income tax exemptions and setting up a Rs 10,000 crore Fund of Funds run by Sidbi.

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.

FM Nirmala Sitharaman's upcoming budget may be unlike anything seen in the last 100 years

Wednesday, January 20, 2021
FM Nirmala Sitharaman has described her upcoming budget as unlike anything seen in the last 100 years. Prime Minister Narendra Modi’s government has been parsimonious in pump-priming the economy, for fear of a rating downgrade to junk, and may find that kicking the can down the road is no longer an option. When Finance Minister Nirmala Sitharaman presents her budget on Feb. 1, she will not only aim to repair battered government finances and ensure demand recovers in an economy facing its worst contraction since 1952. She must also revive declining revenue and restore millions of jobs lost during the pandemic. That will be crucial to boosting consumer sentiment in a country where local demand contributes nearly 60% of gross domestic product. Read more

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.

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.

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

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.

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.

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.

Byju’s to acquire test prep leader Aakash Educational Services Ltd. for$1 billion ?

Wednesday, January 13, 2021
India's online-education giant Byju’s has signed a deal to acquire brick & mortar test prep leader Aakash Educational Services Ltd. for $1 billion, according to some sources. Bangalore-headquartered Byju’s is valued at $12 billion and has been on a fund-raising spree as the pandemic has sent a demand for its online lessons soaring. Blackstone Group-backed Aakash Educational Services runs Aakash Institute, which has over 200 brick and mortar centers and tutors students to gain entry into the country’s elite engineering and medical schools. Its student count is over 250,000, according to its website. While online learning startups have thrived, offline tutoring centers have been badly hit by the pandemic, which has closed schools and tutoring centers since March last year. Read more

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.

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.

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.

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.

Vedanta Resources to issue $400 million notes to Oaktree Capital

Tuesday, December 29, 2020
A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the U.S. hedge fund. The new deal with Oaktree comes after Vedanta Resources sold $1 billion of securities earlier this month. That debt issuance was to fund a tender offer for securities due 2021. The holding company, controlled by billionaire Anil Agarwal, aims to simplify the group’s corporate structure and ease Vedanta. Resources’ access to cash after a failed attempt to delist Vedanta Ltd. in October.

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

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

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

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

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

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.

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.

RBI does not want rupee appreciate much?

Wednesday, December 16, 2020
A torrential foreign fund inflow in India’s equity markets is getting mopped up by the Reserve Bank of India (RBI), swelling its reserves and preventing the rupee from appreciating. The intervention is leading to two outcomes: It is not letting the rupee to appreciate and adding liquidity in the banking system to help the government borrow a record Rs 12 trillion from the market.

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

Tata Group show interest in Air India

Monday, December 14, 2020
Tata Sons are likely to submit an expression of interest (EoI) for state-owned carrier Air India, the deadline for which ends on December 14. Singapore Airlines (SIA), with which Tata Sons operates full-service airline Vistara, may not be part of the bid in the initial stages, according to sources. “The opportunity to acquire Air India is too good to let go if the company wants to have scale and size in the business of aviation. In all sectors Tata Sons operates, the focus has been to either be a market leader or No.2. Air India provides that opportunity,” a person aware of the development said. However, Tata Sons management will not like to have a third airline venture and wants to merge Air India and Vistara in the future. Besides Vistara, Tata Sons owns a 51 percent stake in low-cost airline AirAsia India.

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.

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.

India will not worry about missing its budget deficit target:FM Nirmala Sitharaman

Tuesday, December 8, 2020
Govt will not worry about missing its budget deficit target as it seeks to step up spending to support the economy, Finance Minister Nirmala Sitharaman said. The government will ensure that state-owned enterprises continue with capital expenditure, she said in an interview with Bloomberg TV. “For the present, I’m not going to allow the fiscal deficit number to worry me because there is a need, and a clear need, for me to spend the money,” Sitharaman said. India last month expanded stimulus measures to 15% of the economy to rescue companies and save jobs in an economy clobbered by a sudden lockdown in March to stem the coronavirus pandemic. That could widen the budget gap to 8% of the gross domestic product in the year to March, more the double the budgeted 3.5%.

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.

Hindalco invests Rs 730 cr with new Silvassa plant

Monday, December 7, 2020
Aditya Birla group firm Hindalco Industries Limited on Monday announced that it plans to invest Rs 730 crore to set up a 34,000-tonne extrusion plant at Silvassa in Dadra and Nagar Haveli union territory. In a regulatory filing, Hindalco said the new plant will service the fast-growing market for extruded aluminium products in the western and southern regions. Hindalco said the aluminium extrusion market in India is expected to grow exponentially – from the current level of around 373,000 tonnes to reach about 850,000 tonnes by 2030. The Silvassa project is a step towards Hindalco’s downstream strategy as the company revives its long-term downstream investment plan and also to build a larger value-added product portfolio over the next few years, it said. "Over the next few years, as part of our downstream strategy, we intend to enhance our capacity from over 300,000 tonnes currently, to more than 600,000 tonnes with investments of around ₹7,000 crores," Pai said. Read more

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.

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.

Get investors' consent for winding up schemes:SC to Franklin Templeton

Thursday, December 3, 2020
The Supreme Court today(3rd December 2020) asked Franklin Templeton Mutual Fund to initiate steps within one week for calling a meeting of unitholders to seek their consent for the closure of six mutual fund schemes and said there will be no redemption of units by investors till further orders. The top court also agreed to hear an appeal filed by Franklin Templeton against the Karnataka High Court order which stopped the fund house from winding up its debt fund schemes without the prior consent of the investors. A bench of Justices S Abdul Nazeer and Sanjiv Khanna observed that the issue is big and people wanted a refund. It said that without prejudice to the rights of any party, trustees are allowed to call a meeting of unitholders to seek their consent for approval, and in this regard, steps are taken within a period of one week. Read more

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.

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.

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.

Economic activity up on pent-up demand: Icra

Wednesday, November 25, 2020
The acceleration in economic activity in October is the result of pent-up demand and may not sustain going ahead, domestic rating agency Icra said yesterday(24th Nov.2020). Multiple fast-paced indicators, including GST collections, have been showing a sharp recovery since October, which has also led many analysts to revise their overall GDP forecasts for the fiscal. "We caution that the spikes in production seen in the various sectors in October 2020 are an exaggeration of the true recovery on the ground, as they have been driven by a large component of pent-up demand that may not sustain after the festive period is over," the agency's report. Read more

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.

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.

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

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.

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

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

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.

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.

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.

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

Jack Ma's blunt words just cost him $35 billion

Wednesday, November 4, 2020
Two weeks ago, Ma opined on China’s banking system at a high-profile financial forum in Shanghai, throwing himself into the eye of the storm. In that speech, apart from labeling the global banking Basel Accords as an “old people’s club,” Ma said “systemic risk” is not the issue in China. Rather, China’s biggest risk is that it “lacks a financial ecosystem.” Chinese banks are like “pawn shops”, where and guarantees are the hard currencies. As a result, some decided to go so big they are not allowed to fail. “As the Chinese like to say, if you borrow 100,000 yuan from the bank, you are a bit scared; if you borrow a million yuan, both you and the bank are a little nervous; but if you take a 1 billion yuan loan, you are not scared at all, the bank is,” Ma said. Read more

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.

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.

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.

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.

YES Bank, TTML, Suzlon etc.hit upper circuit on BSE

Saturday, October 24, 2020
Among the 282 stocks that hit their respective upper circuit on the BSE on 23rd Oct.2020(Friday) YES Bank, Suzlon Energy, Tata Teleservices (Maharashtra) (TTML), MTNL, Reliance Power, Reliance Infrastructure, Future Consumer, Indiabulls Integrated Services, and Jet Airways (India) were the important ones. Indo Count Industries, Himatsingka Seide, Ramco Systems, and Godawari Power & Ispat were among the notable stocks that had only buyers queuing up. YES, Bank hit the upper circuit of 5 percent at Rs 13.35 on the BSE ahead of the September quarter results on Friday. The board of directors of the bank is scheduled to meet on October 23, 2020, to consider and approve unaudited financial results of the bank for the second quarter ended September 2020 (Q2FY21). The trading volume more-than-doubled with a combined 110 million shares changing hands, and there were pending buy orders for 14 million shares on the NSE and BSE, exchange data show. Read more

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Walmart in talks to invest $25 bn in Tata Group's 'super app

Tuesday, September 29, 2020
Walmart is in talks with Tata Group for a potential investment of up to $25 billion in a proposed super app. As per discussions reported between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata's e-commerce business and Flipkart, Walmart's e-commerce unit, according to the report. The news comes as Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, raised over $20 billion from investors including Facebook, Alphabet's Google, KKR & Co and Silver Lake Partners by selling stakes in its digital business Jio Platforms. The super app, which is scheduled to be launched in India in December or January, will bring together Tata's consumer business under one channel offering a wide range of products in the retail space, Mint said. Tata's consumer businesses include watch and jewellery brand Titan and fashion retail chain, Trent. Read more

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.

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.

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 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.

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.

Relief on NPAs extended after govt tells interest issue being looked into

Thursday, September 10, 2020
Today(10th Sept.2020)The Supreme Court of India extended its interim order that no account is to be declared NPA till further orders after the Centre said an expert panel has been set up to look into the issue of interest being charged by banks on instalments deferred during the moratorium period due to the COVID-19 pandemic. The top court was hearing a batch of pleas which have raised the issue of interest being charged on instalments which were deferred during the moratorium period due to the COVID-19 pandemic. The top court granted two weeks to the Centre and Reserve Bank of India (RBI) to file the affidavit and place before it the decisions taken in this regard. Read more

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.

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.

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.

Bharti Airtel jumps 7 percent, Voda Idea tanks 20 per cent after AGR Dues Verdict

Tuesday, September 1, 2020
Shares of Bharti Airtel Ltd. gained 7 per cent to Rs. 555, a biggest single-day gain since May, while Vodafone Idea Ltd. hit a lower circuit of 20 per cent after the Supreme Court granted telecom operators 10 years to pay thousands of crores worth of pending dues. The apex court said telcos should pay 10 per cent of the AGR-related dues by March 31, 2021. It further added that every year by February 7 a payment has to be made. The chairmen of the telecom companies will have to give undertakings for payments, according to an order by the three-judge panel headed by Justice Arun Mishra. Default on payment instalments will invite interest, penalty and contempt of court. According to the DoT’s calculations, Bharti Airtel owes the exchequer Rs 43,780 crore, of which the company has paid Rs 18,004 crore. Vodafone Idea has paid Rs 7,854 crore of its Rs 50,399 crore dues.Market experts think the ruling will certainly put pressure on Vodafone Idea which owes more than Rs 50,000 Read more

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.

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.

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.

Setting up a bad bank is not just necessary but unavoidable:Former RBI Governor

Wednesday, August 26, 2020
D Subbarao, the former RBI Governor, feels that setting up a bad bank is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon and much of the resolution will have to take place outside the IBC framework. The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price. Conflict of interest and corruption is avoided, and importantly, is seen to be avoided. The former RBI Governor noted that with the economy contracting by at least five percent this fiscal year, non-performing assets (NPAs) will balloon. Also, according to RBI's Financial Stability Report, gross NPAs of banks may rise to 12.5 percent by March 2021 under the baseline scenario, from 8.5 percent in March 2020. Read more

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.

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.

Adani Group to obtain 74% stake in Mumbai International Airport

Monday, August 24, 2020
Shares of Adani Group companies rallied up to 9 per cent on Monday after the Company is set to acquire a 74 per cent stake in Mumbai International Airport (MIAL) for nearly Rs 15,000 crore, which operates the country’s second-largest airport, with the current operator settling its disputes with its minority partner and exiting the venture. Adani Green Energy surged 9.35 per cent to Rs 411.90 on the BSE while Adani Enterprises gained 4.13 per cent at Rs 242.85. Besides, Adani Power, Adani Ports and Special Economic Zone, and Adani Gas rose in the range of 1-2 per cent. Adani Group might acquire the 50.5 per cent stake of GVK Group in MIAL and will buy the remaining 23.5 per cent from the minority partners, Airports Company South Africa (ACSA) and Bidvest Group.ACSA and Bidvest hold 10 and 13.5 per cent stake, respectively, in MIAL. The deal with MIAL would make Adani the largest private airport operator in India, after the GMR Group, which operates the Delhi and Hyderabad airports. Read more

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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

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

Burman family(Dabur India)may join hands with the Khaitans to manage the Eveready Ind. India

Wednesday, July 22, 2020
The promoters of Dabur India — The Burman family- may join hands with the Khaitan's of Williamson Magor Group to manage the country’s largest dry cell battery maker, Eveready Industries India. After the last tranche of a share purchase of 8.48 percent by the Burmans about a week back, the promoter holding in Eveready slipped below theirs. At present, the Burman family holding is at 19.84 percent while promoters of Eveready are at 15.07 percent. From the current holding pattern, the Burmans are likely to be the majority partner, sources said. With this partnership, the promoters of Eveready are hoping to ring-fence the long-term interests of the company. Eveready had earlier held talks with Energizer and Duracell for a slump-sale of the battery business. Finalising the deal is pending because of an interim order of the Delhi High Court, preventing a change in the capital structure and sale of assets of Eveready, McLeod Russel India, and other Williamson Magor group companies.

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.

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.

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.

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.

India Coronavirus update: 32,695 new cases in the past 24 hours- biggest single-day spike yet

Thursday, July 16, 2020
India has recorded 32,695 Covid-19 cases in the past 24 hours — its biggest single-day spike yet — to take its total number of coronavirus cases to 970,596. With over 600 deaths on 15th July 2020, the country's Covid-19 the death toll has now reached 24,929. India, the third-most-affected country by total cases and eighth by death toll, has added 201,580 cases — 21% of its total tally — in the past 7 days alone. Worldometer recorded an increase of over 230,000 coronaviruses. The recovery rate in West Bengal has gone downhill since the last two weeks, while the rate of infection has been increasing — and all these when the city is facing an acute shortage of beds in both government and private hospitals. In the last two weeks, from 30 June to 14 July, Bengal’s discharge/recovery rate has fallen from 66.48 percent to 60 percent. In Kolkata, it has nosedived from 64 percent to 56 percent, according to state government data. Read more

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.

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.

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.

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.

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.

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.

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.

The Carlyle Group to invest $235 million in Nxtra Data Ltd, of Bharti Airtel

Wednesday, July 1, 2020
The Carlyle Group today(1st July 2020) announced that it will invest $235 million for approximately 25 percent stake in Nxtra Data Ltd, a wholly-owned subsidiary of Bharti Airtel engaged in the data centre business. The post-money enterprise valuation of Nxtra is approximately $1.2 billion and Carlyle will hold a stake of approximately 25% in the business upon completion of the transaction, with Airtel continuing to hold the remaining stake of approximately 75%, Bharti Airtel said in a statement. The transaction is subject to the necessary regulatory approvals, including approval from the Competition Commission of India.

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.

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.

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.

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.

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.

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.

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.

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

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.

Coronavirus updates

Tuesday, June 9, 2020
The total number of coronavirus cases in India has jumped to 267,614, while 7,481 people have died from the disease so far. Maharashtra has recorded a tally of 88,528, which is more than China's. In Mumbai alone, there are over 50,000 cases of Covid-19. Delhi Chief Minister Arvind Kejriwal has gone into isolation on the advice of doctors. He was suffering from fever and cough. The CM underwent coronavirus test today, report expected to be released soon. Coronavirus world update: The global tally of coronavirus cases is 7,219,187, and 409,108 people have died from the disease so far.

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

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.

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.

Facebook signs global licensing deal with Indian music label Saregama

Thursday, June 4, 2020
Shares of Saregama India were locked in upper circuit for the second straight day, up 20 per cent at Rs 401 on the BSE on Thursday after the company announced that Facebook has entered into a global deal with Saregama, one of India’s oldest and largest music labels, to license its music for video and other social experiences across its eponymous service and Instagram. Saregama India shares have surged over 45 per cent since Monday’s close of Rs 275.25 per share. “This partnership will allow users to choose from a wide variety of music to add to their social experiences such as videos, stories via music stickers and other creative content. People will also be able to add songs to their Facebook Profile,” Saregama said in a press release. Formerly known as 'The Gramophone Company of India Ltd', Saregama owns the largest music archives in India, one of the biggest in the world. With today’s rally in the stock, the market capitalisation of Saregama India stands at Rs 698.26 crore. Read more

Coronavirus UPDATE: Whether Covid entered India as early as in November?

Thursday, June 4, 2020
India has on 4th June recorded its biggest spike in the number of coronavirus cases, with 9,304 of them being reported in a single day, besides over 250 deaths. The total number of corona cases in the country stands at 216,919. The global tally of coronavirus cases are 6,568,644 and 387,959 people have died from the disease. Meanwhile, top scientists from leading research institutes in the country have estimated that the ancestor of the novel coronavirus strain from Wuhan was in circulation by December 11, 2019. The first confirmed Covid-19 case in India was registered on January 30 in Kerala, the most recent common ancestor (MRCA) of Indian strains with roots in China was in circulation as early as November 2019, reports TOI. Read more

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.

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.

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.

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

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

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.

Closing Bell: Sensex jumps 995 points, Nifty at 9314.95

Wednesday, May 27, 2020
At close, the Sensex was up 995.92 points or 3.25% at 31605.22, and the Nifty was up 285.90 points or 3.17% at 9314.95 propelled by banks and financials, ahead of the upcoming derivative contract expiry. Axis Bank share price surged 14 per cent, followed by ICICI Bank, Kotak Mahindra Bank. IndusInd Bank, Bajaj Finance, SBI Wipro, Grasim Industries and HDFC Bank were the major gainers in today's Index pack. while losers were Sun Pharma, UltraTech Cement, Titan, Shree Cements and Asian Paints. About 1363 shares have advanced, 939 shares declined, and 163 shares are unchanged. Nifty Bank index advanced over 8 per cent. Pharma index ended marginally lower.

Coronavirus updates: COVID- 19 cases in India has reached 146,208;Globally, 5,607,145 infected

Tuesday, May 26, 2020
The total count of COVID- 19 cases in India has reached 146,208, according to the Ministry of Health and Family Welfare. The country now ranks among the world's top 5 nations with most active cases, the list of which is led by the US. The number of deaths related to the Covid-19 in India stands at 4,187. 4.4 deaths per lakh population have been reported for the world, while India has reported about 0.3 deaths per lakh population, which is amongst the lowest in the world. This has been due to lockdown, timely identification, and management of coronavirus cases: Lav Agarwal, Union Health Ministry Joint Secretary. Read more

Global supply chain being reconfigured : India must smartly restructure its economy

Tuesday, May 26, 2020
Covid-19 has changed the collective calculation of uncertainty, experts feel now. It is more global in scope, more profoundly impactful, and much more complex than any crisis that countries and companies have ever experienced. Now it is required to confront the uncertainty head-on and build it into decision-making. The recent announcements of Govt of India to revive and restructure India’s economy, with multiple policies that will find common cause with another fallout of the contagion — possible reconfiguring of the global supply chain by multinationals. Read more

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.

Closing Bell:Sensex gains 114 points and Nifty at 9106.25

Thursday, May 21, 2020
At close, the Sensex was up 114.29 points or 0.37% at 30932.90, and the Nifty was up 39.70 points or 0.44% at 9106.25. ITC was the top index gainer with 7 per cent gain. Asian Paints, Hero MotoCorp, Maruti Suzuki, ITC, Hindalco Industries and Bajaj-Auto were the major gainers in the Sensex pack, while, NTPC, Bajaj Finserv IndusInd Bank, Bajaj Finance, HDFC and Axis Bank were the major loser. Nifty Auto and Nifty FMCG were top sectoral gainers, up 2.61 per cent and 2.19 per cent, respectively. Nifty Bank index was down over half a per cent. About 1302 shares have advanced, 908 shares declined, and 170 shares are unchanged.BSE Midcap and Smallcap indices rose over 0.5 per cent each.

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

Closing Bell:Sensex gains 622 points, Nifty at 9066.55

Wednesday, May 20, 2020
At close, the Sensex was up 622.44 points or 2.06% at 30818.61, and the Nifty was up 187.45 points or 2.11% at 9066.55 mainly due to support received from the pharma, auto and banking stocks. HDFC, Larsen & Toubro, M&M, Tata Steel, Dr Reddy's Labs and Kotak Mahindra Bank were the major contributors to Sensex pack, while Hero MotoCorp, IndusInd Bank, Bharti Infratel, and Bharti Airtel were the top Sensex laggard. About 1277 shares have advanced, 1004 shares declined, and 169 shares are unchanged. Nifty Pharma index gained 3 per cent. All the sectoral indices ended higher- auto, energy and bank. BSE Midcap and smallcap indices rose over 1 per cent each.

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

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

Closing Bell:Sensex up 637 points, Nifty at 9383.55

Wednesday, May 13, 2020
At close, the Sensex was up 637.49 points or 2.03% at 32008.61, and the Nifty was up 187.00 points or 2.03% at 9383.55 due to Rs 20 trillion economic package announced by the Prime Minister Narendra Modi last evening. Axis Bank, UltraTech Cement, ICICI Bank and State Bank of India (SBI), Adani Ports and L&T were the major gainers in the Sensex pack while losers are Sun Pharma, Bharti Airtel, Nestle, Britannia Industries and HUL.About 1633 shares have advanced, 723 shares declined, and 169 shares are unchanged.. Nifty PSU Bank advanced 6.11 per cent.Among sectors, except FMCG and pharma other indices ended positive.Bank Nifty rose over 4 percent followed by auto, metal, infra, energy and IT.

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.

India COVID-19 cases near 63,000; death toll at 2,109

Sunday, May 10, 2020
The death toll due to COVID-19 rose to 2,109 and the number of cases climbed to 62,939 in the country today (10th May 2020), registering an increase of 128 deaths and 3,277 cases in the last 24 hours, according to the Union Health Ministry. The number of active COVID-19 cases stood at 41,472, while 19,357 people have recovered and one patient has migrated, the ministry said. The total number of cases also include 111 foreign nationals. Of the 2,109 fatalities, Maharashtra tops the tally with 779 deaths. Gujarat comes second with 472 deaths, followed by Madhya Pradesh at 215, West Bengal at 171, Rajasthan at 106, Uttar Pradesh at 74, Delhi at 73, and Andhra Pradesh and Tamil Nadu at 44. The death toll is 31 in Punjab, 30 each in Karnataka and Telangana. Jammu and Kashmir and Haryana each have registered nine COVID-19 deaths, Bihar five and Kerala four. Read more

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

COVID-19-UPDATE: 3,900 new cases and 195 fatalities in last 24 hrs, highest increase in single day

Wednesday, May 6, 2020
In India 3,900 new COVID-19 cases and 195 fatalities were reported in the last 24 hours, the biggest spike in a single day, the health ministry said on Tuesday and asserted that some states were not reporting cases in a timely manner, which is now being addressed. Addressing the daily briefing on the COVID-19 situation in the country, joint secretary at the health ministry Lav Agarwal said the total number of cases stand at 46,433 and the death toll at 1,568. The ministry said 1,020 COVID-19 patients recovered in the last 24 hours, taking the total number of those cured to 12,726, a recovery rate of 27.41 percent. Read more

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

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

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

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 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 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 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 markets ended a highly volatile session with significant gains:Sensex up 1,325 pts, Nifty tops 10,023

Friday, March 13, 2020
Indian equity markets ended an eventful and highly volatile session with significant gains today,13th March after posting a record intra-day recovery. The Nifty50 index was locked in a 10 percent lower circuit early morning, prompting a halt in trading for 45 minutes. However, once the markets re-opened, the headline indices Sensex and Nifty shot up as much as 5,381 points and 1,604 points, respectively, from their early morning lows. The volatility index surged over 24 percent during the session. Sensex closed 1,325 pts, or 4.04 percent, higher at 34,103 and the Nifty50 index a tad above 10,000 level at 10,023.65, up 433 points, or 4.54 percent. The rebound was led by banks with index heavyweights HDFC ending 10 percent lower while State Bank of India zoomed 14 percent. Reliance Industries was also up over 5 percent. In the end, 27 out of the 30 Sensex constituents ended the session in green. Read more

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

Deal between Essel Group and Bharti Airtel for Dish TV called off

Thursday, February 20, 2020
The deal between Essel group, the promoters of direct-to-home (DTH)) company Dish TV, and Bharti Airtel has been called off due to differences over valuation. The promoters are now in talks with a global financial investor to pick up half their stake. The cash generated around Rs 2000 crores from such a sale islikely to be used as part of the plan by the Essel group to buy back 5 per cent in flagship company Zee Entertainment Enterprises (ZEEL) in the next 12 months.

India's startup ecosystem is on the right track

Tuesday, February 11, 2020
Internet businesses in 2012-13 helped form a new wave of entrepreneurship in India. India emerged as the next big frontier for global investors hoping it would become the next China. Finance minister Nirmala Sitharaman announced in the budget that “Knowledge Translation Clusters” would be set up across different technology sectors, including new & emerging areas. John Chambers, founder & Chief Executive of JC2 Ventures, which has invested in 16 startups around the world, feels India’s startup ecosystem is on the right track, with positive government initiatives and incentives. The government has focused on fostering startups and entrepreneurship. It has made policy changes easing scaling up for startups and put a renewed focus on helping citizens become fluent in the language of technology. But with some of the biggest unicorns being asked hard questions on business feasibility, massive losses and how they will clock profits, 2020 is surely a critical year for the highly capitalize.