The frontline indices snapped their eight-day winning streak run as investors preferred to take home some profits ahead of the weekend and upcoming RBI policy next week. Auto and IT shares, in particular, witnessed selling pressure.
The S&P BSE Sensex dropped to a low of 62,680, and ended 415 points lower at 62,869. In the process, the benchmark trimmed its weekly gain to 575 points.
The NSE Nifty 50 settled just a shade below the 18,700-level, down 117 points on Friday.
Among the Sensex 30 shares, auto stocks were the major losers as they reacted to the monthly auto sales numbers. Mahindra & Mahindra slipped over 2 per cent. Maruti was down 1.5 per cent.
Hindustan Unilever, Nestle India, HDFC, Asian Paints, Bajaj Finance, PowerGrid Corporation, ICICI Bank, Sun Pharma, TCS and Infosys were the other significant losers, down over a per cent each.
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A range-bound trade ended on a flat note on Friday as weak global cues amid escalating crisis in Ukraine weighed on investor sentiment. The S&P BSE Sensex, which hit a high of 59,591 in intra-day trade, settled at 59,307, up 104 points or 0.18 per cent.
The Nifty50, meanwhile, closed at 17,576, up 12 points or 0.07 per cent, after hitting a high of 17,670 during the day.
The gains in benchmark indices were led by Axis Bank (up 9.5 per cent), HUL, ICICI Bank, Kotak Bank, SBI Life, and Apollo Hospitals. On the downside, Bajaj Finserv (down 3.4 per cent), Bajaj Finance, Divis Labs, Adan Ports, UPL, Asian Paints, and L&T capped upside.
In the broader markets, the BSE MidCap and SmallCap indices dipped 0.75 per cent and 0.6 per cent, respectively. Sectorally, The Nifty PSU Bank and Private Bank indices gained the most, up 1.8 per cent and 1.6 per cent, respectively, while the Nifty Pharma index fell 0.8 per cent.
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Benchmark indices settled near the day’s high on Friday as investors lapped up metal and IT shares, along with index heavyweights like Reliance Industries, HDFC twins, Sun Pharma, and Bajaj Finance.
The S&P BSE Sensex soared 712 points, or 1.25 per cent, to end at 57,570, while the Nifty50 shut shop at 17,158, up 229 points or 1.35 per cent. In the broader market, the BSE MidCap and SmallCap indices, too, added over 1 per cent each.
Sectorally, the Nifty Metal index climbed 4 per cent, followed by the Nifty IT index (2 per cent). Public sector banks were the only losers with the Nifty PSB index down 1.2 per cent.
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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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Key benchmark indices ended the record-breaking year 2021 on a high note. The Sensex and the Nifty displayed a firm trend throughout the day on the back of steady gains auto, financials, FMCG and index heavyweight Reliance Industries.
The Sensex touched a high of 58,409, and ended with a gain of 460 points at 58,254. In the process, the BSE benchmark was up 1,130 points for the week.
The 30-share index finished the calendar year with a solid gain of 22 per cent (10,503 points), after having touched a new life-time high of 62,245 on October 19, 2021.
The NSE Nifty settled 150 points higher at 17,354, and was up a whopping 24.1 per cent for 2021.
Among sectoral indices, BSE Metal and Consumer Durables indices were up over 2 per cent each. The Auto and Telecom indices gained 1.7 per cent each. The Bankex, FMCG, Oil & Gas and Realty indices also finished with gains in excess of a per cent each.
The overall breadth too was extremely positive, with 2,438 stocks advancing versus 944 declining stocks on the BSE on Friday.
Titan was the top gainer among the Sensex 30 stocks, it ended 3.5 per cent higher at Rs 2,522. UltraTech Cement and Kotak Bank were up around 2.5 per cent each. Maruti, Axis Bank, SBI, Bajaj Finserv, Hindustan Unilever, Bajaj Finance, HDFC Bank, Nestle and Sun Pharma were the other major gainers.
On the flip side, IT stocks kind-off under-performed in trades on Friday owing to selective profit-taking. Among others, NTPC slipped 2 per cent.
The broader markets outperformed the benchmark indices. The BSE Midcap and Smallcap indices were up 1.4 per cent and 1.2 per cent, respectively.
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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.
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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 per cent (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 per cent (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.
The broader markets outperformed the benchmark indices in trades today. The BSE Midcap index edged 0.2 per cent higher, while the Smallcap index ended slipped 0.4 per cent, as against a 1.1 per cent decline in the Sensex.
Among sectors, the BSE Energy index plunged 1.9 per cent, and the IT index shed 1.6 per cent. The Bankex was down over a per cent. The Auto, Healthcare and Realty indices ended marginally in the positive zone.
The overall breadth was marginally negative at close. Out of 3,399 stocks traded on the BSE, 1,796 declined, while 1,452 advanced.
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Firm global cues and healthy corporate earnings back home helped domestic equity indices to settle higher for third straight day on Friday. In Europe, stocks hit a record high as strong economic data from Germany and other major economies as well as upbeat earnings underpinned hopes of a swift economic recovery from the pandemic.
The frontline indices gained little over 0.5 per cent as volatility gauge, India VIX, eased 5.5 per cent, propelled largely by metal stocks. The Nifty Metal index advanced 5 per cent on the NSE while all other sectoral indices clocked gains between 0.04 per cent and 1 per cent. The Nifty PSU Bank index was the only loser, down 0.14 per cent.
Against this backdrop, the benchmark Nifty50 shut shop at 14,823 levels, up 98 points. On the BSE, the 30-share Sensex index closed 257 points higher at 49,206 levels.
Individually, Tata Steel, Hindalco, JSW Steel, Adani Ports, SBI Life, M&M, and HDFC were the top Nifty gainers of the day while Tata Consumer Products, Bajaj Auto, Hero MotoCorp, Bajaj Finance, and Eicher Motors declined up to 3.5 per cent.
Trading in the broader markets, however, remained mixed. The S&P BSE MidCap index dipped 0.04 per cent while the SmallCap index ended 0.15 per cent higher.
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Investors lightened their portfolios and decided to sit on cash on Friday as they await Finance Minister Nirmala Sitharaman’s third Union Budget presentation due on Monday, February 1. In a sea-saw trade today, stock specific moves swayed markets even as overall mood remained subdued.
At the index level, the benchmark S&P BSE Sensex swung 1,260 points in the intra-day trade and hit an intra-day high and low of 47,424 and 46,160. The index eventually settled 588 points, or 1.26 per cent, lower at 46,286 levels. Dr Reddy’s Labs (down 5.5 per cent) was the top loser on the index after the pharmaceutical major’s consolidated net profit came in at Rs 19.8 crore for the quarter ended December, sharply lower than analysts’ estimate of Rs 726.5 crore.
That apart, Maruti Suzuki, Bajaj Auto, Infosys, Bharti Airtel, and Bajaj Finserv, down between 5 per cent and 2.5 per cent, were the top drags. On the flipside, IndusInd Bank (up nearly 6 per cent), Sun Pharma, HDFC Bank, and ICICI Bank were the only gainers on the Sensex.
On the NSE, the Nifty50 index closed at 13,635 levels, down 183 points or 1.32 per cent. The index hit an intra-day low of 13,597.
Both the benchmarks have erased around 5 per cent during the week.
The broader market, however, remained relatively stable with the S&P BSE MidCap and S&P BSE SmallCap index down 0.69 per cent and 0.25 per cent, respectively at close.
On the sectoral front, financial and realty stocks held their ground with the Nifty PSU Bank and Realty indices settling 1.7 per cent and 0.7 per cent higher, respectively. On the downside, Nifty Auto index tumbled around 3 per cent, while Nifty Pharma and Metal indices declined around 2 per cent each.
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Benchmark indices once again failed to hold on to the day’s high levels on Friday and pared most of its gains at the end of the session, amid selling in financial, auto and metal stocks. However, oil-to-telecom behemoth Reliance Industries (RIL) and FMCG giant Hindustan Unilever (HUL) helped the indices to settle in the positive territory.
The S&P BSE Sensex ended at 31,642.70, up 199 points or 0.63 percent, with HUL (up nearly 5 percent) being the top gainer and NTPC (down nearly 4 percent) the biggest loser.
On the NSE, the benchmark Nifty ended at 9,251.50, up 52 points or 0.57 percent. Volatility index, India VIX, declined nearly 3.5 percent to 38.53 levels.
In the broader market, the S&P BSE MidCap index ended flat at 11,423.81 while the S&P BSE SmallCap index slipped 0.45 percent to 10,638.70 levels.
Shares of Cyient were locked in a 10% lower circuit on lower-than-expected Q4 results. A combined 2.65 million equity shares had changed hands on the counter and there were pending sell orders for around 82,000 shares on the NSE and BSE. The stock of the IT consulting and software firm was trading close to its 52-week low of Rs 200 touched on April 28, 2020.
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