Equity benchmark indices cracked by nearly 1.5 per cent during early hours on Friday tracking similar feeble trend in global markets amid continued sell-off in bond markets. At 10:15 am, the BSE SandP Sensex was down by 802 points or 1.57 per cent at 50,238 while the Nifty 50 tumbled by 227 points or 1.5 per cent to 14,870. Among stocks, IndusInd Bank slipped by 3.8 per cent to Rs 1,067.25 per share. ICICI Bank and Axis Bank ticked lower by 3 per cent, HDFC Bank by 2.6 per cent and Kotak Mahindra Bank by 2.2 per cent. The other major losers were Bajaj Finance, Bajaj Finserv, HDFC, GAIL and UPL. However, Maruti Suzuki gained by 1.5 per cent. Pharma majors Dr Reddy's and Sun Pharma were up by 1.3 per cent and 1.1 per cent respectively. Meanwhile, Asian stocks skidded to one-month lows as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. Chinese blue chips joined the retreat with a drop of 2.5 per cent.
Equity benchmark indices edged higher during early hours on Thursday on the back of favourable global cues amid optimism over economic recovery and the government's privatisation plans. At 10:15 am, the BSE SandP Sensex was up by 414 points or 0.82 per cent at 51,196 while the Nifty 50 ticked up by 142 points or 0.9 per cent to 15,124. Among stocks, Hindalco was up by 4.7 per cent to Rs 348.55 per share while Tata Steel advanced by 2.4 per cent to Rs 745.50 and JSW Steel by 2.2 per cent to Rs 416.80. Axis Bank was up by 3.5 per cent, IndusInd Bank by 3.4 per cent, Tata Consultancy Services by 2.7 per cent and Dr Reddy's by 2.4 per cent. However, FMCG stocks did not fare well with Nestle India down by 1 per cent. Hindustan Unilever, Britannia, Titan, Eicher Motors and Mahindra and Mahindra were also in the negative zone. Meanwhile, Asian stocks jumped after US Federal Reserve Chair Jerome Powell reaffirmed interest rates will stay low for a long time. That calmed market fears that higher inflation may prompt the central bank to tighten the monetary spigot. MSCI's ex-Japan Asia Pacific shares index rose by 1 per cent while Japan's Nikkei gained by 1.6 per cent.
Equity benchmark indices moved up marginally during early hours on Tuesday but remained under pressure amid growing concerns over the spread over Covid-19 infections in Maharashtra. At 10:15 am, the BSE S-P Sensex was up by 226 points or 0.45 per cent at 49,970 while the Nifty 50 edged ticked up by 65 points or 0.44 per cent to 14,740. Except for Nifty pharma, all sectoral indices at the National Stock Exchange were in the green zone with Nifty realty gaining by 3 per cent, metal by 1.3 per cent and PSU bank by 1.2 per cent. Among stocks, DLF was up by 4 per cent to Rs 305.25 per share while Godrej Properties advanced by 2.6 per cent to Rs 1,485. Energy major ONGC jumped by 6.4 per cent to Rs 113.15 per share.
Bears were on rampage at the bourses with frontline benchmark indices collapsing on Monday as traders resorted to heavy selling in auto, IT and public sector bank stocks. Market experts said the rise in fuel prices across international markets followed by its reverberations in domestic markets along with higher inflation expectations dampened the investor sentiment. Uptick in Covid-19 infections across Maharashtra and Kerala also led to profit booking by traders on a day of volatality. The BSE SandP Sensex closed 1,145 points or 2.25 per cent down at 49,744 while the Nifty 50 edged lower by 306 points or 2.04 per cent to 14,676. Except for Nifty metal, which moved up by 1.6 per cent, all other sectoral indices at the National Stock Exchange were in the red with Nifty IT and realty down by 2.8 per cent each, PSU bank by 2.6 per cent, pharma by 2.5 per cent and auto by 2.2 per cent. Among stocks, Eicher Motors crashed by 5 per cent to Rs 2,453 per share while Mahindra and Mahindra sank by 4.7 per cent to Rs 837.90. Maruti Suzuki skidded by 3.3 per cent to close at Rs 7,087.15 per share. Tech Mahindra lost by 4.6 per cent, Dr Reddy's by 4.4 per cent, Axis Bank by 4 per cent, IndusInd Bank by 3.9 per cent and SBI Life by 3.8 per cent. Index heavyweight Reliance Industries dipped by 3.8 per cent and wound up the day at Rs 2,000.10 per share. However, metal stocks gained substantially with JSW Steel up by 2.3 per cent, Hindalco by 2 per cent and Tata Steel by 1.4 per cent. Besides, Adani Ports, ONGC, HDFC Bank, Britannia, Hero MotoCorp and Asian Paints traded higher.
Equity benchmark indices cracked further on Friday amid weak Asian cues with banking and auto majors taking a hit. The BSE S-P Sensex closed 435 points or 0.85 per cent lower at 50,890 while the Nifty 50 edged slipped by 137 points or 0.91 per cent to 14,982. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 4.7 per cent, auto by 2.6 per cent and metal by 1.9 per cent. Among stocks, Hero MotoCorp lost by 3.7 per cent to Rs 3,390.75 per share while Tata Motors skidded by 3.5 per cent, Bajaj Auto by 2.7 per cent and Eicher Motors by 2.5 per cent.
Equity benchmark indices were subdued during early hours on Friday amid weak global cues with auto majors taking a hit. At 10:15 am, the BSE SandP Sensex was down by 38 points or 0.07 per cent at 51,287 while the Nifty 50 edged lower by 44 points or 0.29 per cent to 15,075.Sectoral indices at the National Stock Exchange were mixed with Nifty auto down by 1.1 per cent, metal by 0.9 per cent and IT by 0.5 per cent. But Nifty PSU bank and FMCG rose by 0.5 per cent each. Among stocks, Tata Motors lost by 2.1 per cent to Rs 316.85 per share while Hero MotoCorp skidded by 2 per cent, Eicher Motors by 1.9 per cent and Bajaj Auto by 1.6 per cent.
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive. Market experts said foreign portfolio investors have continued to buy Indian securities as the Union Budget 2021 sparked a strong rally, and there seems to be no reason for them to slow down. The BSE SandP Sensex closed by 617 points or 1.22 per cent at 51,349 while the Nifty 50 edged higher by 192 points or 1.28 per cent to 15,116.Except for Nifty FMCG and PSU bank which dipped slights, all other sectoral indices at the National Stock Exchange were in the green with Nifty auto up by 3.2 per cent, metal by 3.1 per cent, IT by 2.1 per cent, realty by 2 per cent and private bank by 1 per cent. Among stocks, Mahindra and Mahindra moved up by 7.3 per cent to Rs 929.20 per share while Tata Motors accelerated by 6.4 per cent to Rs 336.15.Metal stocks too gained substantially with Hindalco moving up by 6.1 per cent and JSW Steel by 3.4 per cent. The other major gainers were GAIL, Adani Ports, Bajaj Finserv, Infosys and Bharti Airtel. However, those which lost were Britannia, Hindustan Unilever, Bajaj Finance, Bajaj Auto, Cipla and Sun Pharma.
Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields. At 10:15 am, the BSE SandP Sensex was down by 417 points or 0.82per cent at 50,472 while the Nifty 50 edged lower by 99 points or 0.66 per cent to 14,883. Among stocks, Mahindra and Mahindra lost by 2.4 per cent to Rs 858.05 per share while Maruti Suzuki skidded by 1.4 per cent. Eicher Motors was down by 1.3 per cent to Rs 2,550.50 per share. The other major losers were Larsen and Toubro, HDFC, Axis Bank, IndusInd Bank, HCL Technologies and Tata Consultancy Services. However, metal stocks gained substantially with Hindalco up by 4.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 3.2 per cent. Besides, HDFC Bank, Adani Ports, ONGC and Asian Paints traded higher. Meanwhile, Asian share markets inched up as expectations for faster economic growth and inflation globally boosted commodities. MSCI's broadest index of Asia Pacific shares outside Japan added 0.2 per cent. Japan's Nikkei recouped by 1 per cent and South Korea by 0.4 per cent.
Key equity indices see-sawed between gains and losses during early hours on February 10 amid mixed global cues as investors turned cautious over the sustainability of a recent risk rally. At 10:15 am, the BSE SandP Sensex was down by 70 points or 0.14 per cent at 51,259 while the Nifty 50 edged lower by 20 points or 0.13 per cent to 15,090. Except for Nifty private bank, all other sectoral indices at the National Stock Exchange were in the positive terrain with thin margins. Among stocks, SBI Life moved up by 2.5 per cent to Rs 911.20 per share while HDFC Life gained by 2 per cent to Rs 719.50. Bajaj Finserv and Bajaj Finance rose by 1.9 per cent and 0.9 per cent respectively. The other major gainers were GAIL, ONGC. Cipla, HCL Technologies and UltraTech Cement. However, those which lost were Axis Bank, Adani Ports, Maruti Suzuki, Tech Mahindra, Infosys and Titan. Meanwhile, Asian stocks inched lower although concerns about the sustainability of a recent risk rally capped gains. Japan's Nikkei 225 slipped by 0.31 per cent, South Korean equities fell slightly as worsening unemployment data weighed on investor sentiment ahead of the Lunar New Year holiday.
Equity benchmark indices gave up early gains during volatile trade on Tuesday and closed in the red. Market experts said traders booked profit across counters to realign their portfolios. The BSE SandP..