It was a lacklustre session for the markets on Friday as lack of fresh triggers kept indices within a narrow range. The S&P BSE Sensex fell 123.5 points, or 0.2 per cent, to settle at 60,682.7 levels today amid profit booking in HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL.
The Nifty50, meanwhile, closed at 17,857, down 37 points or 0.2 per cent. In the broader markets, the BSE SmallCap indices outshone its peers by rising 0.48 per cent. The BSE MidCap index settled flat with a positive bias.
Among individual shares, shares of Gautam Adani group companies continued to reel under pressure Adani Green Energy, Adani Transmission and Adani Total Gas hitting their respective 52-week lows on the BSE in Friday’s intra-day trade.
Besides, shares of digital financial services firm One97 Communications, which owns Paytm, slipped 9 per cent to Rs 640 on the National Stock Exchange (NSE) in Friday’s intra-day trade on the back of heavy volumes.
Sectorally, the Nifty Metal index slipped 2 per cent, while the Nifty Realty index gained 1.36 per cent.
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Indian equities rose in tandem with global peers after the release of US inflation data in October raised investor hopes that inflation has peaked. Barring minor downtick in the Nifty Auto, FMCG, and PSU Bank indices, all other sectoral indices advanced on the bourses. The Nifty IT index led from the front with around 4 per cent surge.
Meanwhile, HDFC twins, information technology (IT), and other heavyweighs including Reliance Industries, Tata Steel, L&T, and Bajaj twins propelled the S&P BSE Sensex to a fresh 52-week high of 61,841, while the Nifty50 touched 18,362.
The indices, eventually, ended at 61,795, and 18,350 levels, up 1,181 points and 322 points, respectively.
In the broader markets, the BSE MidCap, and the BSE SmallCap indices added 0.15 per cent, and 0.33 per cent, respectively, as against the frontline indices’ 2-per cent gain.
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Investors became poorer by Rs 4.83 trillion on Friday as equity markets went into a tailspin amid fears of a global recession. The benchmark S&P BSE Sensex crashed 1,021 points, or 1.73 per cent, to close at 58,099 today, while the Nifty50 broke below 17,350 levels to end at 17,327, down 302 points or 1.72 per cent. With this, the indices have yet again turned negative for the calendar year 2022.
During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points as they hit their respective lows of 57,982, and 17,292.
In the broader markets, the BSE MidCap and SmallCap indices underperformed the frontline indices as they declined between 2 per cent and 2.3 per cent. Overall, there were three sellers for every one buyer on Dalal Street as over 2,472 stocks fell on the BSE as against 1,000 gainers.
Sectorally, the Nifty PSU Bank index plunged 4 per cent, while the Niftyy Bank, Private Bank, and Realty indices fell 2.6 per cent each.
The Nifty IT index fell just 0.7 per cent on the NSE today after analysts said Accenture’s Q4FY22 results showed better outsourcing revenue for larger Indian IT stocks.
Shares of Tata group were in spotlight on Friday after the multinational steel-major Tata Steel announced merging all its group metal companies with itself.
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Equity markets remained listless on Friday, swinging occasionally between gains and losses, as lack of domestic and global cues kept investors on the sideline. The S&P BSE Sensex settled today’s session 37 points, or 0.06 per cent, higher at 58,803. The NSE Nifty50, meanwhile, shut shop at 17,539, down 3 points or 0.02 per cent.
The broader markets, however, exhibited a strong show during the end but ended mixed. The BSE MidCap index dipped 0.35 per cent while the BSE SmallCap index eked out gains of 0.04 per cent.
Among sectors, the Nifty Financial Services and FMCG indices added 0.5 per cent and 0.4 per cent, respectively, while the Nifty PSU Bank index fell 0.77 per cent.
Shares of Adani Enterprises hit a record high of Rs 3,369 after they gained 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade. The spurt comes after the NSE announced the company’s inclusion in the benchmark Nifty 50 index.
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Equity markets see-sawed in trade on Friday as Russia’s invasion of Ukraine escalated, with Russian forces attacking and seizing control over Europe’s largest nuclear power plant earlier today.
The benchmark S&P BSE Sensex opened with a 450-point cut and extended the losses to hit a low of 53,888, down 1,215 points intra-day. It, however, recovered partially and closed 769 points, or 1.4 per cent, down at 54,334.
The NSE Nifty, on the other hand, hit an intra-day low of 16,134 but recouped losses to end at 16,243, down 255 points or 1.5 per cent.
Maruti Suzuki tumbled another 4.7 per cent today, falling over 10 per cent in two days. The stock was the second biggest laggard on the Nifty50 index. Titan Company, Hero MotoCorp, Asian Paints, Tata Motors, HUL, Coal India, M&M, Hindalco, JSW Steel, Axis Bank, Bajaj Finance, and Eicher Motors were the other draggers, cracking between 3 and 5 per cent.
On the upside, Dr Reddy’s Labs, ITC, Tech M, BPCL, Sun Pharma, Ultratech Cement, and Wipro gained in the range of 1 to 3 per cent.
In the broader market, the BSE MidCap index declined 2.3 per cent with individual stocks such as Vodafone Idea, IRCTC, Jubilant Food, Info Edge, Zee Entertainment, Varun Beverages, and Indian Hotel falling up to 7 per cent.
The BSE SmallCap index, meanwhile, settled 1.3 per cent lower dragged by Power India, Vadilal Industries, MCX, Carborundum Universal, and KBC Global.
Sectorally, only the Nifty IT index eked out gain on the NSE, rising 0.14 per cent. The Nifty Auto index was the worst hit index today for a second straight day as it ended 3.3 per cent down today. All other remaining indices fell between 1 and 3 per cent.
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Global headwinds weighed on Indian equities for fourth straight day on Friday as all sectors, barring selective FMCG counters, slid into the negative territory.
The S&P BSE Sensex ended the session with 427-points cut at 59,037 level with 10 index constituents ending the session in the green. The 30-pack index had briefly breached below the 59,000-mark intra-day and hit a low of 58,621.
On the NSE, the Nifty50 gave up the 17,650-mark to end at 17,617, down 140 points. The broader markets bled even more with both the mid and smallcap indices closing 2 per cent lower each on the BSE.
Overall, 2,329 stocks ended in the red on the BSE as against less than 1,048 stocks in the green. Fear gauge, India VIX, soared 6 per cent to end near 19-mark.
Sectorally, only the Nifty FMCG index ended in the green, up 0.36 per cent. The losses, on the oher hand, were led by the Nifty PSU Bank index, down 3 per cent. All other indices slipped between 0.5-2.4 per cent.
Bajaj Finserv, Tech M, Tata Steel, Bharti Airtel, IndusInd Bank, and Axis Bank were the top large-cap draggers while Zee Entertainment, Canara Bank, Concor, Info Edge, Sasken Technologies, Hindustan Oil Exploration, and Polycab India were the mid- and small-cap losers. All these stocks were down in the range of 2-11 per cent.
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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.
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Markets oscillated between gains and losses in Friday’s intra-day session as investors remained torn between strong corporate earnings back home and mixed global cues.
The benchmark S&P BSE Sensex ended today’s choppy trade 19 points down at 53,140 levels while the broader Nifty50 shut shop at 15,923-mark, down 1 point. Both the indices hit their respective lifetime highs of 53,291 and 15,962 in intra-day session.
HCL Tech (down over 3 per cent), Eicher Motors, Bajaj Finserv, Infosys, Tata Consumer Products, and Adani ports were the top drags on the benchmarks today. On the flipside, Divis Labs, Bharti Airtel, Ultratech Cement, and Tata Steel were the top gainers.
The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each amid gains in shares of brokerage firms, IRCTC, AB Capital, Datamatics, and RPP Infra.
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Indian Equities declined in-line with Asian peers on Friday as rapidly spreading Delta variant of Covid-19 in the region fanned fears of a stalled growth. That apart, Washington’s call to add at least 10 Chinese entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang pulled benchmarks in Japan, South Korea, and China down by up to 1 per cent.
Back home, the S&P BSE Sensex dropped 183 points, or 0.35 per cent, to settle at 52,386 levels while NSE’s 50-share benchmark declined 38 points, or 0.24 per cent, to close at 15,690 levels. Heavyweights, TCS, HDFC Bank, Reliance Industries, Axis Bank, Kotak Bank, and HDFC were the top laggards along with Wipro, Bajaj Auto, and M&M.
The broader markets, on the flipside, settled about half a per cent higher. Sectorally, the Nifty Private Bank index was the biggest drag, down 0.6 per cent. On the upside, the Nifty Realty index zoomed 2.4 per cent.
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The benchmark indices ended Friday’s volatile session in the negative territory ahead of the release of gross domestic product (GDP) numbers for the second quarter of the current fiscal (July-September period) due later in the day.
The S&P BSE Sensex slipped 110 points, or 0.25 per cent to 44,150 levels and the Nifty50 index ended at 12,969, down 18 points, or 0.14 per cent. Power Grid, HCL Tech, and ONGC (all down around 2 per cent) were the top Sensex laggards.
Shares of gas transmission companies rallied up to 19 per cent on the BSE during the day after oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) notified regulations for unified gas transmission tariff structure.
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