Domestic indices ended marginally higher on Friday amid consolidatory mood and mixed global cues.
After starting gap-up, the BSE Sensex index marched ahead to hit a high of 60,130-mark intra-day. However, selling in select heavyweights like Bajaj twins, M&M, HDFC, Bharti Airtel, and L&T in the second half of the session erased gains. The index eventually ended at 59,745 level, up 143 points or 0.24 per cent.
Its NSE counterpart, Nifty50, meanwhile, closed at 17,813, up 67 points or 0.38 percent.
Grasim, ONGC, Hindalco, HDFC Life, Shree Cement, Tata Consumer Products, and Asian Paints were the top Nifty gainers today.
Among large-caps, shares of Titan Company ended 1 per cent lower today after hitting a record high of Rs 2,687 apiece on the BSE earlier today. “The company has witnessed a buoyancy in jewellery demand, driven by festive purchases in October and November which helped the division achieve a 37 per cent growth for the quarter, it said in an update for Q3FY22.
The broader markets, however, outperformed the benchmarks for a second straight day with the BSE MidCap and SmallCap indices ending around 0.5 per cent higher each.
Continue Reading →
The markets snapped its 3-day losing streak with strong gains led in IT shares and select index heavyweights. The BSE benchmark index, the Sensex, opened 330-odd points higher at 60,248, and after consolidating in the morning session, the index began its upward journey. The BSE index scaled a high of 60,751, and finally ended with a solid gain of 767 points at 60,687.
The NSE Nifty surged to a high of 18,123, and eventually settled with a gain of 229 points at 18,103. For the week, the 50-share index was up a per cent (186 points).
Tech Mahindra was the major gainer among the Sensex 30 stocks, up 4 per cent at Rs 1,583. Index heavyweights, HDFC, Infosys, Bharti Airtel and Reliance Industries gained 2 to 3 per cent, each. Bajaj Finsev, Asian Paints, Bajaj Finance, Sun Pharma , Larsen & Toubro and Nestle India were the other major gainers.
On the other hand, Bajaj Auto skid 3 per cent to Rs 3,640. Tata Steel slipped a per cent to Rs 1,286 despite reporting 8-fold jump in Q2 net profit.
The broader markets under-performed the benchmark indices by a wide margin. The BSE Midcap index was up 0.6 per cent and the Smallcap index added 0.3 per cent, while the Sensex had rallied 1.3 per cent.
Among sectors, the BSE IT index surged 2 per cent. Telecom, Realty and Power indices were up around 1.5 per cent each, while Energy and Capital Goods indices too moved 1.3 per cent higher.
Continue Reading →
The Indian markets ended over 1.5 per cent lower on Friday amid across-the-board sell-off. The volatility index, India VIX, rose over 7 per cent to 21.95 levels.
The S&P BSE Sensex tanked 634 points, or 1.63 per cent, to settle at 38,357 levels. Of 30 constituents, 29 declined and just one advanced. Axis Bank (down 4 per cent) ended as the biggest loser on the index. On the other hand, Maruti ended as the only gainer (up nearly 2 cent).
Reliance Industries (RIL), HDFC, ICICI Bank, and Infosys were the major contributors to the Sensex’s loss.
NSE’s Nifty ended at 11,334, down 194 points or 1.68 per cent.
On a weekly basis, Sensex declined 2.8 per cent while NSE slipped 2.69 per cent.
All the Nifty sectoral indices were painted red, led by Nifty Metal, which slipped 3 per cent to 2,451 levels. Nifty Bank dipped over 2 per cent to 23,011.50 levels, with all the 12 constituents declining.
In the broader market, the S&P BSE MidCap index fell 1.74 per cent to 14,817 levels while the S&P BSE SmallCap index fell over 1 per cent to 14,603 points.
Continue Reading →
Indian equities logged gains for second straight day as positive global cues supported investment sentiment. No further rhetoric between the United States and Iran, and British Parliament’s vote to finalise Brexit divorce deal by January 31 gave boost to investment sentiment.
Indices further charged ahead and scaled intra-day high after news agency Reuters reported that US President Donald Trump could sign the Phase-1 of trade deal next week. The S&P BSE Sensex hit a high of 41,775.11 (up 322.76 points) in the intra-day deals, while NIfty50 touched 12,311.20 — also its fresh lifetime high.
At close, the Sensex was at 41,599.72 level, up 147.37 points or 0.36 per cent with ICICI Bank, IndusInd Bank, Axis Bank, and Titan being top laggards. On the other hand, Infosys, Sun Pharma and Ultra Tech Cement settled as the top gainers.
The broader Nifty50 index, on the other hand, was 40.60 points, or 0.33 per cent, higher at 12,256.50-mark at close.
Sectorally, Nifty Private Bank and Nifty Bank indices were the only indices that closed in the red, down 0.22 and 0.02 per cent, respectively. Nifty Realty and Metal indices, however, added 1.80 and 1.10 per cent, respectively by close.
In the broader market, the S&P BSE mid-cap index gained 0.4 per cent to close at 15,157.77, while the S&P BSE small-cap index advanced 0.45 per cent to end at 14,153.18.
Continue Reading →
It was a historic day for the equity markets on Friday as the frontline indices rallied over 5 per cent after Finance Minister Nirmala Sitharaman announced reduction in corporation tax. The FM announced that the effective corporate tax rate will be lowered to 25.75 per cent.
Benchmark indices – S&P BSE Sensex and Nifty50 — posted their biggest single-day gain in 10 years while the Nifty Bank and Nifty MidCap index posted the biggest-ever single-day gain. The market capitalisation of BSE-listed stocks saw an increase of nearly Rs 7 lakh crore.
The benchmark S&P BSE Sensex added 1,921 points or 5.32 per cent to settle at 38,014.62, with Hero MotoCorp (up 13 per cent) being the top gainer and Power Grid Corporation (down over 2 per cent) the biggest loser.
On NSE, the Nifty50 index ended at 11,274 levels, up 569 points or 5.32 per cent, with 44 out of 50 constituents advancing and 6 ending in the red.
Volatility index India VIX dropped over 1 per cent to settle at 15.34 levels.
In the broader market, the S&P BSE MidCap index gained 835 points or over 6 per cent to end at 14,120 and the S&P BSE SmallCap Index settled at 13,204.25, up 501 points or nearly 4 per cent.
On the sectoral front, barring IT stocks, all the sectoral indices on the NSE ended in the green. The Nifty IT index settled 0.20 per cent lower at 15,491.05 levels.
Continue Reading →
Benchmark indices extend their losses in Friday’s last-hour trading session, dragged down by heavyweights like HDFC twins and Reliance Industries.
The S&P BSE Sensex dipped 372 points, or 0.94 per cent, to 39,229, with YES Bank, Maruti Suzuki, Sun Pharma, HDFC, and Hero MotoCorp leading the list of losers. The broader Nifty50 index slipped 97 points, or 0.82 per cent, to 11,734.
All the NSE sectoral indices except Nifty PSU Bank indices were trading in the red. Nifty Pharma and Nifty Auto indexes, down 1.5 per cent each, took the deepest cuts.
In the broader market, the S&P BSE MidCap index was trading 92 points, or 0.63 per cent, lower at Rs 14,588, while the S&P BSE SmallCap gave up its early gains to trade 13 points, or 0.09 per cent, lower at 14,052.
Continue Reading →
Benchmark indices ended marginally lower on Friday led by a fall in ICICI Bank, State Bank of India (SBI), HDFC, RIL and Axis Bank.
The S&P BSE Sensex ended at 36,671, down 54 points while the broader Nifty50 index settled at 11,035, down 23 points.
Among sectoral indices, Nifty Metal index ended 1.5 per cent lower with Jindal Steel & Power and MOIL among the top losers. The Nifty IT index, too, settled 1.1 per cent lower, dragged by Wipro and Infibeam Avenues
In the broader market, the S&P BSE MidCap index ended 12 points, or 0.08 per cent lower at 14,804, while the S&P BSE SmallCap index settled at 14,529, down 11 points, or 0.08 per cent.
Shares of Wipro fell 5 per cent to Rs 256 in intra-day trade on the BSE in after huge block deals were executed on the counter. Till 11:22 am, a combined 57.86 million equity shares, representing 1.3 per cent equity, of Wipro had changed hands on the National Stock Exchange (NSE) and BSE. The stock ended at Rs 256.50, down 4.6 per cent.
Shares of Allahabad Bank hit a 52-week high of Rs 58.20, up 6.5 per cent on the BSE in the intra-day trade, extending its past three weeks’ rally after the government announced capital infusion of Rs 6,896 crore in the bank.The stock settled 4.39 per cent higher at Rs 57.05.
Continue Reading →
