Intraday, the benchmarks declined nearly 1 per cent amid investor concerns that the West Asia turmoil might escalate to a war. During the day, the Nifty slipped as much as 0.99 per cent to 21,777.65, while the Sensex fell 0.93 per cent to 71,816.46 before bouncing back.
Category: Share market
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
Indian economy resilient, fundamentals of stock exchanges very strong: NSE CEO
The fundamentals of stock exchanges are very strong and the ongoing geo-political situation in the Middle East is not going to have any significant impact on the Indian economy, National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan said on Monday.
India’s forex kitty surges to new all-time high of $648.56 bn
India's foreign exchange reserves went up by $2.98 billion during the week ended April 5 to scale a new all-time high of $648.562 billion, data released by the RBI showed on Friday.
India’s forex reserves surge to lifetime high of $645.58 bn
India's foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday.
Sensex crosses 74K mark in 1000 points rally
Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent.
India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.
Sensex up more than 700 points
The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
India’s forex reserves scale two-year high of $636.1 billion
India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed.
Nifty hits fresh record highs in volatile trade
A sharp recovery was seen in the Nifty post noon on Wednesday. At close, Nifty was up 118 points, or 0.53 per cent, to close at 22,474.05 levels, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Sensex jumps more than 1,000 points on impressive GDP numbers
BSE Sensex jumped more than 1,000 points on Friday reacting to India’s impressive GDP numbers. Sensex was trading up by 1045.99 points up by 1.44 per cent at 73,549.64 points.
Nifty touches fresh record high on strong global cues
In a volatile session, Nifty ended in the green on Thursday, touching a fresh record high helped by positive global cues, said Deepak Jasani, Head Retail Research at HDFC Securities.
Nifty hits fresh record high, up for sixth straight session
Nifty extended its gains for the sixth consecutive session on Tuesday, once again touching a fresh record high in the last hour of trade, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Nifty closes at all-time high, up for fifth straight session
Nifty ended higher for the fifth straight session on Monday after hitting an all-time high on the intra-day charts, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Domestic equities gain for fourth straight session
Domestic equities gained for the fourth consecutive day on Friday, recovering more than 500 points or 2.3 per cent, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
India's exports rise 3% in Jan, trade deficit narrows to 9-month low
The country’s merchandise imports also increased by 3.0 per cent in January 2024 to $54.41 billion but were lower than $58.25 billion in December 2023.
Indian stock market multiplied 4 times compared to zero returns for China since 2010
In early 2010, the Shanghai composite index was around 3,000. Now it is below that level at around 2,865: No return during the last 14 years. In sharp contrast, Nifty was around 5,000 in early 2010 and is now above 21,500, multiplying more than four times during 14 years, he said.
Sensex slips below 72K mark
The weakness in the Sensex is led by the IT heavyweights with Infosys and Tech Mahindra down more than 1 per cent. The IT index is down more than 1 per cent.
Nifty suffers sharp fall in last hour of trade
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said Nifty traded sideways for the most part of the session. However, last-hour selling led the index to close with a loss of 82 points.
India's services sector PMI surges to 6-month high
Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Sensex zooms 1200 points, Nifty crosses 22k after Interim Budget
This clearly shows that the GoI is totally committed towards the long-term macro-economic stability, even if it comes at the sacrifice of growth in the short-term, the report said.
Market expectations minimal on major proposals in Interim Budget
Nifty bounced back from a weak start and closed with gains of 204 points at 21,726 levels on Wednesday, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Broader market unable to hold gains on concerns of high valuations, subpar results
A tough battle unfolded in the market as the Nifty remained highly volatile throughout the day. The sentiment may continue to lean towards the bears as the Nifty struggled to surpass the 21,500 mark, where call writers held substantial positions, said Rupak De, Senior Technical Analyst, LKP Securities.
FPIs pressed massive equity sale of Rs 24,000 cr in last 3 days
There is a sudden change in the strategy of the FPIs starting January 17 and they turned massive sellers in the cash market having sold equity worth Rs 24,147 crore in three days from January 17-19, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
FPIs sold equity massively for Rs 20,480 cr in last 2 days
An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.