Tag: volatility

Closing Bell: Sensex down 1491 points, Nifty at 15863.15

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

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

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

MARKET UPDATE: Sensex up 104 points at 56,510 and Nifty 25 points higher at 16,868 points

Tuesday, February 15, 2022
The Indian benchmark indices pared some of their opening gains in early morning deals today (15th February 2022). The BSE Sensex was now up 104 points at 56,510 and the NSE Nifty50 was 25 points higher at 16,868 points. HUL, Titan, Wipro, Nestle India, Tech M, Infosys, Kotak Bank, L&T, TCS, and HCL Tech were leading gains on the Sensex, up between 0.7-1.7 percent. Tata Steel, NTPC, IndusInd Bank, ICICI Bank, Axis Bank, and Cipla were the top losers on the Sensex and Nifty. Shares of Cipla slipped 5 percent to Rs 910 on the BSE after more than 2 percent of the total equity of pharmaceutical companies changed hands via a block deal. In the broader markets, the BSE MidCap and SmallCap indices had slipped into red now, trading 0.5 percent and 1 percent lower, respectively. Read more

MARKET UPDATE:Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points

Monday, February 14, 2022
The Indian key benchmark indices held on to sharp losses in early morning trade today (14th February 20222) but were slightly off lows. The indices had slumped at open amid high global volatility on a possible Russian invasion of Ukraine. The BSE Sensex was now 1,100 points at 57,041, and the NSE Nifty was at 17,032, lower by 348 points. HDFC, IndusInd Bank, Tata Steel, SBI, ICICI Bank, M&M, and Bharti Airtel were the top Sensex laggards, down 3-3.5 percent. JSW Steel led losses on the Nifty, trading 5 percent lower, followed by additional losers-HDFC Life and Tata Motors. The overall market breadth was also highly negative with 2,630 stocks declining on the BSE, while only 517 were trading higher. Read more

MARKET UPDATE:Sensex at 58,343, down 300 points, while Nifty lower by 90 points at 17,426

Monday, February 7, 2022
The Indian benchmark indices were extending losses amid high volatility and were down 0.5 percent each today(7th February 2022). The BSE Sensex was at 58,343, down 300 points, while the NSE Nifty was lower by 90 points at 17,426. Among top gainers on the Sensex, SBI, PowerGrid, Tata Steel, NTPC, Reliance, Tech M and Bajaj Finserv were the only stocks in the green zone, up between 0.8-2 percent. Bajaj Finance, M&M, Dr. Reddy's, L&T, Bharti Airtel, Infosys, Asian Paints, HDFC twins, Wipro, and ITC were the top laggrads, down 1-2 percent. On the Nifty, Hero MotoCorp, Bajaj Auto, Divis Labs, Cipla, and Eicher Motors were the additional losers. This apart, the BSE Auto index was down over 1 percent and was a prominent loser sectorally. Read more

MARKET UPDATE:BSE Sensex 926 points down at 56,931, while the NSE Nifty at 17,013, down by 264 points

Thursday, January 27, 2022
The Indian benchmark indices opened on a sharply lower note and were down up to 1 percent today(27th January 2022) amid weak global cues and a possibility of rate hikes by the Federal Reserve from March. The BSE Sensex was 926 points lower at 56,931, while the NSE Nifty was at 17,013, down by 264 points. In the broader market, the BSE MidCap and SmallCap indices were also in red and were down up to 1.6 percent. All Sensex-30 shares were trading in the negative territory barring Axis Bank, Maruti, and IndusInd Bank. Titan, Wipro, Tech M, HDFC twins, Infosys, Nestle, Dr. Reddy's, HCL Tech, Tata Steel, Bajaj twins, TCS, and Ultratech Cement were the top losers, down 2-3 percent. On the Nifty, ONGC was the sole gainer, up 2 percent. Meanwhile, Grasim, Eicher Motors, and Divis Labs were the additional losers. The fear gauge that is the volatility index was also up 7.6 percent around 23 levels, reflecting nervousness among investors. Read more

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

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

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

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

Extreme volatility remains a hallmark of crypto investing

Sunday, November 21, 2021
As Bitcoin has lost almost 20% in less than two weeks, it looks like extreme volatility remains a hallmark of crypto investing. But, it’s largely business as usual with bullish conviction intact in the bitcoin market. whereas in traditional markets moves on this scale are met with alarm. The largest cryptocurrency edged higher after earlier slipping as much as 3.4% to $55,663 on 19th Nov.2021. Some analysts say a sharp pullback is normal after prices skyrocketed 40% in October. China’s crypto crackdown and new U.S. tax-reporting provisions that are being viewed as unfriendly to crypto investors have also soured sentiment. “During 2016/17 Bitcoin winter, the thing that really took the wind out of the sails of crypto was when interest rates rose and liquidity was draining from the system,” said a financial expert. Read more

Closing Bell : High volatility;BSE Sensex ended 678 points lower at 59,307 and Nifty down 185 points at 17,672

Friday, October 29, 2021
Today(29th Oct.2021) the markets exhibited a high amount of volatility for the second day in a row on the back of unabated selling pressure in select index heavyweights. The BSE Sensex tumbled to a low of 59,089, but eventually ended 678 points lower at 59,307. In the process, the BSE index has now shed 5 percent (2,938 points) from its recent peak of 62,245. The NSE Nifty logged its second straight weekly loss, down 185 points at 17,672. The Nifty has declined 3.8 percent (677 points) in the last two weeks. In intra-day trades on Friday, the 50-share index dipped to a low of 17,613 and was within striking distance of its 50-DMA (Daily Moving Average) at 17,570-odd levels. Read more

MARKET UPDATE:Sensex sheds around 100 pts, Nifty tests 17,700

Thursday, September 30, 2021
The Indian benchmark indices looked set to extend their fall to the third day in a row amid a host of weak macro cues. Also, volatility could remain high on account of monthly F&O expiry. At 8.15 am, SGX Nifty was trading 50 points down at 17,655. The US markets traded with caution on Wednesday amid crude oil disruptions, inflation, and ongoing debt ceiling debate. Overnight, the Dow Jones and S&P 500 index bounced back a wee bit in green, but Nasdaq however, ended 0.3 percent lower. This morning, the Asian markets are trading on a mixed note. Shanghai and Straits Times are up, while Nikkei and Hang Seng are down.

Asset managers worried about the steep run-up in mid-, small-cap space

Friday, July 2, 2021
The mid and small-cap indices, which underperformed large-caps until early 2020, have covered lost ground, gaining 73 percent and 104 percent, respectively, in the last year. “The economy is likely to see a cyclical upturn which makes us feel that the outlook for the broader market is likely to be good going forward. However, the euphoric rise in many poor-quality small-cap names driven by higher retail participation is a cause for concern,” say experts. On aggregate, the entire universe of Flexi cap schemes, which invest across market capitalisations, had 71.5 percent of their assets invested in large caps, 23.4 percent in mid-caps, and 5 percent in small caps as of May 31, data. Read more

SEBI crackdown on excessive volatility by imposing restrictions

Monday, March 23, 2020
The SEBI has decided to crack down on excessive volatility by imposing several measures, which will impact traders as well as institutional investors. In particular, speculators in stock futures will have to cut down exposures as the market-wide position limit (MWPL) has been reduced to 50 percent in phases, from the existing 95 percent, for specific F&O stocks. Margins have also been hiked in the cash segment for both F&O and non F&O stocks, while institutions will have to restrict their F&O positions in the index derivatives segment to stay within a new criteria of cash and cash equivalents on the long side and value of stock holdings on the short side. This measure will also impact volume in specific F&O counters where offsetting will be required, we may actually see a situation where prices swing more on lower volumes, due to reduction of the liquidity. Read more