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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Equities clocked a resounding comeback on the bourses as investors rushed to bargain buying at lower level on Friday. After a nearly 5-per cent fall on Thursday, benchmark indices jumped 2.4 per cent amid a broad-based buying. Volatility gauge, India VIX, cooled off 16.4 per cent to 26.7 levels.
The frontline BSE Sensex settled a range-bound trade 1,329 points higher at 55,858.5 with Tata Steel, IndusInd Bank, Bajaj Finance, NTPC, Tech M, Axis Bank, Kotak Bank and TCS ending as top gainers on the index. The stocks zoomed between 3.5 per cent and 6.5 per cent.
On the NSE, the 50 share index rose 410 points to end at 16,658. Britannia, Nestle India, and HUL were the only losers on the index, down 0.5 per cent, 0.2 per cent, and 0.01 per cent, respectively.
Meanwhile, in the broader markets, the MidCap and Smallcap indices on the BSe outperformed the benchmarks and closed a little over 4 per cent higher each.
Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with 5 per cent gain each on the NSE. This was followed by the Nifty Private Bank index (4 per cent), Nifty Bank index (3.5 per cent), and the Nifty Pharma, Auto, and Financial Services indices (3 per cent each).
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The volatile streak in the markets extended into a third straight day on Friday as investors continued to be on edge about the ongoing tensions between Russia and Ukraine.
The S&P BSE Sensex ended an extremely choppy day 54 points, or 0.1 per cent, lower at 57,833 levels, while the Nifty50 shut shop at 17,276, down 28 points or 0.16 per cent.
Reliance Industries, Infosys, Ultratech Cement, Bajaj Finance, ICICI Bank, Bharti Airtel, and M&M were the major drags on the Sensex today, accounting for most of the losses. This downside was capped by gains in HDFC twins, L&T, TCS, and Axis Bank.
In the broader markets, the BSE MidCap and SmallCap indices shed 0.8 per cent each with individual stocks, including Gland Pharma, Honeywell Automation, Astral Ltd, Hindustan Media Ventures, Asian Energy Services, and Unichem Labs cracking between 4 per cent and 8 per cent.
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent). On the upside, the Nifty Bank and Financial Services indices managed to close 0.2 per cent higher each.
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The key benchmark indices languished in the negative zone, exhibiting lackluster movement for the major part of the trading, before recouping losses at close led by fresh buying in auto and financial shares.
The BSE benchmark index, the Sensex, opened 110-odd points lower at 58,697, and after briefing sneaking into the positive zone, fell to a low of 58,415 – down nearly 400 points. However, the Sensex eventually ended the day with a minor loss of 20 points at 58,787. In the process, it did snap its three-day winning streak. For the week, the BSE index was up 1.9 per cent (1,091 points).
The NSE Nifty declined to a low of 17,405, before settling six points lower at 17,511.
Asian Paints was the major gainer among the Sensex 30 stock, it surged 3 per cent to Rs 3,277. SBI, Mahindra & Mahindra and TCS were the other notable gainers. On the flip side, Titan, HDFC, Axis Bank and Kotak Bank were the notable losers in trade on Friday.
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The key benchmark indices reversed their two-day winning streak with losses in excess of a per cent. Index heavweight Reliance Industries, banking and FMCG shares were responsible for a significant amount of the losses.
The BSE benchmark index, the Sensex, had started trade on a positive note and soon rallied to a high of 57,757 (up almost 300 points from the previous close). Selling emerged towards the end of the first-hour of trades, and thereafter it accentuated in noon deals. The BSE 30 index slumped to a low 56,641 in late trade – down 1,116 points from the day’s high. The Sensex finally ended with a loss of 765 points at 57,696.
The NSE Nifty tumbled 309 points from the day’s high of 17,490 to a low of 17,181, and eventually settled 205 points lower at 17,197.
The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended almost flat, while the Smallcap index added 0.3 per cent. The overall market breadth was also positive, with 1,778 advancing shares versus 1,475 declining stocks on the BSE.
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The key benchmark indices exhibited high volatility in trades on Thursday. The key indices witnessed wilted under severe selling pressure in the first-half of the day, before staging a partially mid-way, only to lose ground once again.
The BSE benchmark index, the Sensex, touched a high of 60,178 in early deals, and soon slipped into the negative zone. The index dropped to a low of 59,377, and eventually ended lower for the third straight trading session, down 372 points at 59,636.
In the process, the Sensex shed 1,082 points in the last three trading sessions, and was down 1.7 per cent (1,051 points) for the week. The markets will be shut for trading on Friday on account of Guru Nanak Jayanti.
The NSE Nifty declined 134 points to 17,765, and was down 1.9 per cent (338 points) for the week.
The broader indices ended with deeper cuts, the BSE Midcap and Smallcap indices were down 1.5 per cent each. Among sectors, the Metal index shed 2.8 per cent, and the Auto index tumbled 2.3 per cent. All sectoral indices ended in the negative zone.
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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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The benchmark indices ended lower for the fourth straight day on Friday amid slowing global economic growth and inflation fears. At close, the Nifty50 index was down 86 points at 17,532 while the BSE Sensex ended with a loss of 361 points at 58,765. The broader markets, however, ended the day in the positive territory with the BSE Midcap and Smallcap indices rising 0.5 per cent each.
Sectorally, buying was seen in pharma, metal, PSU Bank and energy sectors whereas selling was witnessed in realty, banking and IT space.
Shares of ZEEL fell 3% as Zee board rejected Invesco’s demand to hold EGM. Taking a confrontational stand against its largest shareholder, the Zee board on Friday rejected its demand to hold an extraordinary general meeting to remove current MD and CEO, Punit Goenka and induct its nominees.
Shares of Tata Power Company continued to climb higher, hitting a new 13-year high at Rs 165, up 4 per cent on the BSE in Friday’s intra-day trade, on improved outlook. The stock of Tata Group electric utilities company was trading higher for the fourth straight day and has rallied 19 per cent during the period. The previous record high was Rs 158 recorded on January 4, 2008.
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Last minute buying helped benchmark indices eke out gains and close in the green one a gap of two days, with Airtel, Nestle India, TCS and ITC contributing the most to gains. Meanwhile, privtae banks, RIL and Infosys were among the top drags.
The BSE Sensex settled the volatile session on the day of weekly F&O expiry at 58,305, up 55 points while Nifty closed 4 points higher at 17,357. In the 50-pack index, 30 stocks closed in the green and 20 in the red.
Buying momentum remained high in midcap and smallcap stocks as the BSE Midcap ended up 0.56 per cent and the BSE smallcap 0.52 per cent. Both indices also hit their respective all-time highs in today’s session.
In sectoral space, Nifty Realty followed by Financial Services, Pharma and Bank were the top losers. On the other hand, Nifty Media, with a gain of 2.97 per cent was the best performing index. Nearly 20 per cent rally in Dish TV helped the media index put up a strong show. Other sectoral gainers were Metal, FMCG, IT and PSU Bank.
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Market behemoth Reliance Industries kept the benchmark indices afloat on Friday overpowering selling pressure in HDFC Bank, HDFC, HUL, and Bharti Airtel. The Mukesh Ambani-led company’s shares hit fresh record high of Rs 2,394 apiece after they surged over 4 per cent on the BSE.
Overall, the BSE barometer of 30-shares closed above the 58,000-mark for the first time at 58,130 levels, up 277 points or 0.48 per cent. It’s 50-share counterpart, meanwhile, marched 89 points higher, or 0.52 per cent, to settle above 17,300 at 17,324. In the intra-day deals, the Sensex hit a new lifetime high of 58,195 while the Nifty50 index touched 17,340.
Besides, the BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals while the BSE SmallCap index gained 0.41 per cent after touching a new high of 27,388.
Market breadth was marginally in favour of buyers with shares of over 1,700 companies advancing as against shares of 1,400 companies that fell on the bourses.
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