After a one-day hiatus, bulls were back on Dalal Street, tracking global gains, as another volatile trading week comes to a close. The S&P BSE Sensex jumped 1,534 points, or 2.91 per cent, to end at 54,326, while the Nifty50 shut shop at 16,266, up 457 points or 2.89 per cent.
Gains were across the board with all 30 Sensex constituents, and 48 of the 50 Nifty constituents closing the day in the green zone. Dr Reddy’s Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each.
On the downside, only UPL and Shree Cement were in the red, down up to 0.8 per cent.
In the broader market, the BSE MidCap and Smallcap indices added 2 per cent each. Sectorally, the Nifty Metal index advanced over 4 per cent as China announced to pump a whopping $5.3 trillion into its economy this year as Covid outbreaks and lockdowns crush activity.
Besides, all other indices added upwards of 2 per cent each.
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Mixed global cues kept the domestic equities volatile throughout the day on Friday as investors digested key updates from both the Bank of England and the European Central Bank. Meanwhile, Brent crude inched closer to $93 per barrel-mark, and bond yields climbed in the US and in India, which added to the nervousness in the markets.
The S&P BSE Sensex index oscillated 517 points intra-day and eventually settled 143 points lower at 58,645. The Nifty50, on the other hand, ended at 17,516, down 44 points. Both the benchmarks were down 0.24 per cent today but were up 2.5 per cent for the week.
In the broader market, the BSE MidCap and SmallCap indices were down 0.7 per cent and 0.45 per cent, respectively.
Sectorally, the Nifty Realty index fell 2.8 per cent on the NSE, while the Nifty PSB index dipped 1.9 per cent. On the contrary, the Nifty Metal index rose 1.2 per cent.
BSE breadth was midly negative as 1,746 stocks ended in the red as against 1,595 stocks that ended in the green. MAS Financial Services (up 15.5 per cent), Spandana Sphoorty, HG Infra, and Torrent Power were among the top gainers today. EI Hotels, Greaves Cotton, Welspun India, and Radico Khaitan, on the flipside, were the top drags.
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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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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 key benchmark indices snapped their 3-day winning run as traders preferred to book profits following the recent smart gains, given the unpredictable news flow around the Omicron threat.
The BSE benchmark index had touched a high of 57,624 in opening trades helped positive overseas cues, but soon dipped into red and dropped to a low of 56,813 – down 810 points from the day’s high. The BSE index, thereafter, did recoup losses in intraday deals but eventually ended 191 points lower at 57,124.
In the process, the BSE Sensex ended the week with a marginal gain of 84 points.
The NSE Nifty moved in a range of 246 points, from a high of 17,156, the index tested a low of low of 16,910 and finally finished with a loss of 69 points at 17,004.
HCL Technologies was the top gainer among the Sensex 30 stocks, it gained 3 per cent at 1,265 on the back of heavy volumes amid buzz that the promoters were suppose to buyback shares from the open market at a 5 per cent premium.
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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 started Samvat 2078 on an upbeat note in the backdrop of a sharp cut in excise duty on fuel prices and a scale down in its bond-buying program by the US Federal stimulus as per expected.
At the end of its two-day meeting, the US Fed said monthly $120 billion purchases of Treasuries and mortgage-backed securities would be trimmed by $15 billion a month.
The BSE Sensex opened at the day’s high of 60,208 and ended 296 points higher at 60,068. The NSE Nifty gained 88 points at 17,917.
The broader markets also ended on a firm note. The BSE Midcap index was up 0.7 per cent at 25,992, and the Smallcap index added 1.4 per cent to 28,901.
“After a great year for equity markets, investors are looking forward to markets continue rising though not at the same pace,” said Dhiraj Relli, MD & CEO, HDFC Securities.
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Financial shares came to the rescue of the benchmark indices for the second straight day, as select index heavyweights weighed under selling pressure.
The BSE benchmark index, the Sensex, opened 120-odd points higher at 61,044, and rallied to a high of 61,420 on the back of fresh buying in early trades. Selling pressure re-emerged in second half of the trading session, with ITC, technology and metal stocks leading the fall. The BSE 30-share index slid to a low of 60,551 – down 869 points from the day’s high.
The Sensex eventually ended with a minor loss of 100 points at 60,822. The NSE Nifty from a high of 18,314, dropped to a low of 18,034, and finally settled 63 points lower at 18,115. The India VIX declined 1.8 per cent to 17.70.
Among sectors, the Bank Nifty rallied to a fresh all-time high at 40,587, and ended 0.7 per cent higher at 40,315. The Realty index surged 2.4 per cent to 509.75. On the flip side, the NSE Metal index tumbled over 3 per cent to 5,686. The Media index shed 2.3 per cent, while the ITC and Pharma indices were down 1.5 per cent each.
In the broader markets, the BSE Midcap and Smallcap indices were down over a per cent each. The overall breadth too was fairly negative, with 1,967 declining stocks versus 1,327 advancing shares on the BSE.
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The RBI’s seemingly dovish policy, with repo and reverse repo rates unchanged at 4 per cent and 3.35 per cent, respectively, bolstered bull sentiment on Dalal Street on Friday. The central bank also retained the GDP growth forecast at 9.5 per cent for the on-going fiscal year and revised CPI inflation projection downward to 5.3 per cent for the whole fiscal (from 5.7 per cent) which further supported the sentiment.
Overall, the frontline S&P BSE Sensex closed the session at 60,059 levels, up 381 points, while the Nifty50 ended at 17,895 levels, up 105 points.
Reliance Industries, which hit a record high of Rs 2,684 apiece in the intra-day trade, settled nearly 4 per cent higher and contributed nearly 2/3rd towards Sensex’s gains today. Other contributors included Infosys, TCS, L&T, HCL Tech, and ICICI Bank.
In the broader markets, the BSE MidCap index ended 0.15 per cent higher and the BSE SmallCap index added 0.92 per cent. Both the indices hit a record high of 25,956 and 29,358, respectively, earlier today.
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Benchmark indices closed at fresh record closing highs in trade, led by gains in select index heavyweights, namely L&T, TCS and HDFC. Further, a positive global market sentiment also lent support to the indices.
BSE Sensex ended the day at 56,125, up 176 points or 0.31 per cent. It is for the first time that the index has settled above the 56,000 mark. Meanwhile, NSE Nifty after hitting a new record peak in intra-day session closed 68 points or 0.41 per cent higher at 16,705. It touched a new peak of 16,722.05 in trade earlier.
The broader markets, meanwhile, outperformed, rising for the fourth straight session. The BSE Midcap index added 1.04 per cent and BSE Smallcap rose 0.93 per cent.
The sectoral space was a sea of green as all indices gained on the NSE. Nifty Metal followed by Nifty Pharma were the top gainers, up over 1 per cent each while Nifty Auto gained the least among all indices.
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