The S-P BSE Sensex crossed historical milestone of 50,000 in Thursday's session as benchmark indices scaled fresh lifetime highs but closed 0.4 per cent lower as traders booked profit in the last hour of trading.
At the closing bell, however, the S-P BSE Sensex was down by 167 points or 0.34 per cent at 49,625 while the Nifty 50 tumbled by 54 points or 0.37 per cent to 14,590.
Except for Nifty auto, all sectoral indices at the National Stock Exchange closed in the negative zone with Nifty PSU bank losing by 3.1 per cent, realty by 2.5 per cent and metal by 2 per cent.
WHO director general praised India’s efforts in fighting the coronavirus pandemic and said he hoped other countries would follow India's example; Both benchmark indices Sensex and Nifty dropped by nearly 3 per cent around noon on Friday after a global selloff; Election Commission will announce poll dates for Tamil Nadu, Kerala, West Bengal, Assam and Puducherry later today. All this and more news at 2 pm.
#Modi #Elections #MukeshAmbani
Contained coronavirus infections and some broad indications of a rebound in economic activity boosted investor confidence on Monday with key equity indices trading at fresh lifetime highs. Besides, firm global cues led banking and financial stocks to garner handsome gains. The BSE SandP Sensex closed 610 points or 1.18 per cent higher at 52,154 while the Nifty 50 advanced by 151 points or 1 per cent to 15,315. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank up by 3.2 per cent, PSU bank by 2.2 per cent and financial service by 2.8 per cent. But Nifty metal was down by 0.4 per cent and pharma by 0.3 per cent. Among stocks, Axis Bank moved up by 6.2 per cent to Rs 797 per share. ICICI Bank edged higher by 4.1 per cent, IndusInd Bank by 3 per cent and HDFC Bank by 2 per cent.
The bull roar continued at bourses on February 03 with equity benchmark indices closing at record high peaks and exuberance over the Union Budget led to hopes of economic recovery among investors. At the closing bell, the BSE SandP Sensex was up by 458 points or 0.92 per cent at 50,256 while the Nifty 50 advanced by 142 points or 0.97 per cent to 14,790. Most sectoral indices at the National Stock Exchange were in the positive terrain with Nifty pharma gaining by 2.8 per cent, PSU bank by 2.6 per cent and metal by 1.7 per cent. Among stocks, Dr Reddy's gained by 3.9 per cent to Rs 4,661 per share while Cipla moved up by 3.7 per cent to Rs 852.25. Sun Pharma closed 3.1 per cent higher at Rs 628.55 per share.
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 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..
Equity benchmark indices dipped during early hours on Wednesday with metal and auto stocks witnessing profit booking by traders. At 10:15 am, the BSE SandP Sensex was down by 297 points or 0.61 per..
Equity benchmark indices shed 1 per cent in a volatile trading session on Monday with Reliance Industries losing by 5 per cent after the announcement of Q3 earnings. The BSE S-P Sensex closed 531..
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