The key benchmark indices recouped losses, led by fresh buying in select IT and financial shares, to end Friday’s trading session on a flat note. Auto stocks skidded for the second day in a row.
The S&P BSE Sensex, which, touched a low of 61,337, eventually ended at 61,663, down 88 points. In the process, the BSE benchmark also finished the week with a marginal loss of 132 points.
The NSE Nifty 50 settled 36 points lower at 18,308 on Friday.
Among the Sensex 30 stocks, Mahindra & Mahindra slipped 2.4 per cent. NTPC, Bajaj Finance, Maruti, IndusInd Bank and Bharti Airtel were the other notable losers. On the positive side, HCL Technologies and Asian Paints finished with gains of around a per cent each.
The broader indices – BSE Midcap and Smallcap were down nearly 0.5 per cent each. The breadth too was fairly negative, with 2,048 declining stocks against 1,455 advancing shares on the BSE.
The BSE Auto index slipped 1.2 per cent and was the major sectoral loser. The Capital Goods, Oil & Gas and Energy indices were the other prominent losers.
In the broader market, shares of TCPL Packaging hit a record high at Rs 1,696, and ended with a solid gain of 15.4 per cent on healthy business outlook. The stock of the packaging company surpassed its previous high of Rs 1,540.45, touched on September 5, 2022.
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The key benchmark indices ended a rather listless trading session near the high’s of the day on the back of smart gains in metals and select financial shares.
The S&P BSE Sensex languished in the negative zone for the major part of the trading day, but eventually ended 114 points higher at 60,950 owing to the late buying. The NSE Nifty 50 settled with a gain of 64 points at 18,117.
Among the Sensex 30 shares, Bajaj Finserv surged 4.5 per cent to Rs 1,801. Tata Steel and UltraTech Cement vaulted 2.5 per cent each. SBI, Reliance Industries, Asian Paints and Bajaj Finance were the other major gainers.
On the other hand, Dr.Reddy’s slipped 1.5 per cent. Hindustan Unilever, Infosys and HDFC Bank were the other notable losers.
The broader market, however, ended on a mixed note. The NSE Midcap index was down 0.3 per cent, while the Smallcap index added 0.4 per cent. India VIX declined 1.8 per cent on Friday.
Sectorally, the NSE Metal index surged over 4 per cent. The PSU Bank and Media indices were up a per cent each. The Pharma index, however, slipped a per cent.
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The key benchmark indices bounced back with panache in opening trades this morning taking cues from the global peers. The S&P BSE benchmark index soared to a high of 58,435 in intra-day deals led by strong gains in IT major Infosys and the HDFC twins.
Infosys rallied over 5 per cent to a high of Rs 1,494 on the back of healthy Q2 performance and Rs 9,300 crore share buyback. Analysts expect the stock to log further gains in the coming trading sessions. READ MORE
The key indices, however, pared gains in the latter half of the trading sessions as the overall sentiment remained cautious in the backdrop of a high inflation scenario globally. The Sensex eventually ended 685 points higher at 57,920. Thanks to the Friday-rally, the BSE index was able to trim its weekly loss to 271 points.
The NSE Nifty 50 index rallied past the 17,300-level in early deals, but finally settled at 17,186 – up 171 points.
The broader indices erased the entire day’s gain towards the close. The BSE Midcap index was up 0.1 per cent, while the Smallcap index ended unmoved.
Sectorally, the BSE IT and Bankex surged 1.7 per cent each. The Capital Goods index was the other notable gainer. On the other hand, Oil & Gas and Power indices slipped over a per cent each.
The overall breadth was marginally positive, with 1,835 stocks advancing versus 1,608 declining shares on the BSE.
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Equity markets cracked, while bond yields on the 10-year government securities firmed up, in the second half of the trading session on Friday as growth concerns weighed on investor sentiment. The S&P BSE Sensex crashed 937 points from the day’s high and hit a low of 59,474 during the day. It, eventually, closed at 59,646, down 652 points or 1.08 per cent.
The NSE Nifty50, meanwhile, touched an intra-day low of 17,710 before settling 198 points, or 1.1 per cent, lower at 17,758.
The broad-based sell-off was led by financials including IndusInd Bank (down 4 per cent), Bajaj twins, SBI, ICICI Bank, Kotak Bank, and HDFC duo. That apart, Tata Steel, NTPC, HUL, Maruti Suzuki, RIL, and M&M were the other heavyweight losers. The only Sensex gainers were L&T, Infosys, and TCS.
Sectorally, the BSE Metal index shed 1.8 per cent, the BSE Bankex index 1.7 per cent, and the BSE PSU index 1.6 per cent
In the broader market, the BSE MidCap and SmallCap indices fell 1.27 per cent and 0.93 per cent respectively.
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Benchmark indices moved sharply higher at the fag-end of the session, closing in the positive zone for the first time this week. The S&P BSE Sensex zoomed 345 points, or 0.65 per cent, to end at 53,761. The Nifty50, on the other hand, closed at 16,049, up 111 points or 0.7 per cent.
Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts, rising over 2 per cent each. Metal and IT stocks, including Tata Steel, HCL Tech, Wipro, and JSW Steel continued to lag, down up to 2.6 per cent.
In the broader market, the BSE MidCap index added 0.85 per cent, driven by IDBI Bank, TVS Motors, BEL, Cummins India, and Cholamandalam Finance. The BSE SmallCap index, too, gained 0.5 per cent.
Sectorally, the Nifty Auto index was the biggest gainer, up 2 per cent. The Nifty Metal, on the contrary, eased 0.8 per cent.
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Benchmark indices exhibited range-bound trade on Friday as lack of fresh triggers kept indices directionless. The S&P BSE Sensex remained within a narrow range of 348 points, while the Nifty50 travelled 118 points during the day.
By close, the 30-pack index settled at 54,482 levels, up 303 points or 0.56 per cent. The Nifty50, meanwhile, shut shop with gains of 88 points, or 0.54 per cent, at 16,221. In the broader market, the BSE MidCap and SmallCap indices added 0.2 per cent each.
L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy’s Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers, while M&M Financial Services, Oil India, SRF, Trent, Uttam Sugar, RateGain, and GR Infra surged in the broader market.
On the flipside, Tata Steel, IndusInd Bank, Maruti Suzuki, TCS, Crisil, Ashok Leyland, MFSL, RBL Bank, Ajmera Realty, PSP Projects, and Vakrangee were the top laggards across segments.
Among sectors, the Nifty Metal index was the sole loser, down 0.8 per cent. The Nifty Bank and FMCG indices, meanhile, were the outperformers, up 0.5 per cent each.
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Global doom rocked Indian equities on Friday as investors fretted over longer-than-expected sticky inflation, coupled with aggressive monetary policy tightening. Tracking losses in global peers, the benchmark S&P BSE Sensex plunged 1,114 points intra-day, before settling at 54,303, down 1,017 points or 1.84 per cent.
The NSE Nifty50, meanwhile, held the 16,200-mark to close at 16,202, down 276 points or 1.68 per cent. The index had hit a low of 16,173 during the day. In the broader market, the Nifty MidCap 100 and SmallCap100 fell up to 1 per cent.
Over 35 Nifty stocks ended the session in the red with Bajaj Finance, HDFC, Kotak Bank, Hindalco, Wipro, Reliance Industries, Tech M, and Infosys falling between 2.5-4 per cent. The losses were trimmed by gains in Grasim Industries, Asian Paints, Apollo Hospitals, Divis Labs, and Dr Reddy’s Labs, that gained over 0.5 per cent each.
Sectorally, all but Nifty FMCG ended the session in the red. The losses were led by the Nifty IT, Oil & gas, Private Bank, and Financial Services indices as they fell 2 per cent each.
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Equity markets rose for a second consecutive day on Friday, propelled by across-the-board buying. The S&P BSE Sensex hit a high of 54,937 intra-day, before ending at 54,885, up 632 points or 1.17 per cent.
The NSE Nifty, on the other hand, settled the day at 16,352, up 182 points or 1.13 per cent. The index hit a high of 16,371 earlier today. In the broader markets, the Nifty MidCap100 index and the Nifty SmallCap100 indices rose 1.4 per cent each.
Apollo Hospitals, Tech M, HDFC Life, Hero MotoCorp, IndusInd Bank, Bajaj Finance, Wipro, Infosys, L&T, HUL, and Bajaj Finserv zoomed over 2.5 per cent on the Nifty. Dr Lal Path Labs, Whirlpool of India, IndiaMART InterMESH, Page Industries, Route Mobile, Balrampur Chini, and Sonata Software, on the other hand, surged up to 9.5 per cent in the broader market.
Sectorally, the Nifty IT index was the lead gainer, up 2.54 per cent, on the National Stock Exchange (NSE). The only loser was the Nifty Metal index, down 0.06 per cent.
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The key benchmark indices ended with significant losses amid a global market rout as record high inflation fueled fears of a faster rate hike, threatening the world economies.
The S&P BSE Sensex tumbled to a low of 54,587, and finally settled 867 points lower at 54,835. In the process, the BSE index was down 3.9 per cent (2,226 points) for the week. Similarly, the NSE Nifty plunged 272 points to 16,411, ending the week with a huge loss of 4 per cent.
Financial and IT shares bore the brunt of the selling pressure. Bajaj Finance slumped 4.8 per cent, while Bajaj Finserv tanked 3.5 per cent. Axis Bank shed 4 per cent. Nestle India too declined over 3 per cent.
Wipro, HDFC, Infosys, HDFC Bank, UltraTech Cement, Titan, TCS, IndusInd Bank and Asian Paints were the other major losers. Reliance Industries was down 0.6 per cent ahead of its Q4 numbers.
On the positive front, Tech Mahindra and PowerGrid Corporation rallied over 2 per cent each. ITC, SBI and NTPC were the other notable gainers.
The broader markets also ended with steep losses. The BSE Midcap and Smallcap indices were down over 2 per cent each. The overall breadth too was fairly bearish, with more than 2,500 declining stocks versus 850 advancing shares on the BSE.
Sectorally, the BSE metal and realty indices slumped over 3 per cent each. The IT and Consumer Durables indices were the other major losers, down over 2 per cent each. The Auto, Bankex and Healthcare indices declined 1.7 per cent each.
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Benchmark indices turned sharply lower in the last hour of trade as investors booked profits at higher levels. The S&P BSE Sensex, which had touched a high of 57,975, tanked 1,073 points to hit a low of 56,902. The index, however, closed at 57,061, down 460 points or 0.8 per cent.
On the NSE, the Nifty50 dropped 325 points from the day’s high of 17,378 to hit a low of 17,053. It ended at 17,102.5, down 142.5 points or 0.83 per cent.
Axis Bank was the biggest loser on the benchmark indices, down 6.5 per cent, as analysts do not expect valuation to catch up with peers in light of the NII undershoot, impending dilution to fund the Citi deal, and higher operating expenditure guidance.
Coal India, Adani Ports, Power Grid, Maruti Suzuki, Bajaj Auto, ONGC, Wipro, and Britannia Industries were the other laggards, down between 2.5 per cent and 4 per cent.
On the upside, HDFC Life, Tata Consumer Products, Kotak Bank, Sun Pharma, HDFC Bank, Tata Motors, Tata Steel, and Ultratech Cement were the only gainers.
In the broader markets, the MidCap and SmallCap indices slipped about 1 per cent each. Sectorally, all the indices ended the day in the red zone, dragged by Nifty Oil and Gas index, down 2.5 per cent.
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