Market benchmarks closed modestly lower on Tuesday after two days of gains, weighed by profit booking in Reliance Industries, IT and auto stocks amid lack of fresh buying triggers.

A depreciating rupee and lacklustre global cues further weighed on sentiment, traders said.

After a positive opening, the 30-share BSE Sensex gained momentum through the session, but succumbed to a fag-end selloff to end at 52,861.18, down 18.82 points or 0.04 per cent.

On similar lines, the broader NSE Nifty fell 16.10 points or 0.1 per cent to 15,818.25.

Tech Mahindra was the top loser among the Sensex constituents, shedding 2.30 per cent, followed by TCS, Maruti, Reliance Industries, Sun Pharma, Infosys and M&M.

On the other hand, UltraTech Cement, HDFC Bank, Bajaj Finance, Bajaj Finserv, Kotak Bank and IndusInd Bank were among the gainers, spurting up to 3.22 per cent.

In the Sensex pack, 11 stocks advanced, while 19 closed in the red.

“Indian market was led by financial stocks. Business updates of major banks and NBFCs for the quarter of June which showed improvement in business activity, minimising concerns over second wave impact.

“But profit-booking breached the overall market by the end of the day. Globally, oil prices surged after OPEC called off talks to boost production despite rising global demand,” said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, GST tax collections slipped below Rs 1 lakh crore in June for the first time in eight months as the second wave of coronavirus lockdowns hit businesses.

At Rs 92,849 crore, the Goods and Services Tax (GST) collections were the lowest in 10 months since August 2020, official numbers released on Tuesday showed.

Sectorally, BSE auto, IT, teck, energy and industrials tumbled up to 1.85 per cent, while bankex, finance and power led the gainers’ list.

In the broader markets, the BSE midcap index climbed 0.19 per cent, while the smallcap gauge slipped 0.26 per cent.

Global equities came under pressure as firming oil prices raised concerns over rising inflation and its impact on the nascent economic recovery.

Elsewhere in Asia, bourses in Shanghai and Hong Kong closed in the negative terrain, while Seoul and Tokyo ended with gains.

Stock exchanges in Europe were trading in the red in mid-session deals.

The rupee slumped 24 paise to close at 74.55 gainst the US dollar.

The international oil benchmark Brent crude was trading 0.39 per cent higher at USD 77.46 per barrel.

Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 338.43 crore, as per exchange data. 

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Equity benchmark Sensex inched higher by 55 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Bajaj Finance and Infosys amid sustained foreign fund outflows.

The 30-share BSE index was trading 55.46 points or 0.10 per cent higher at 52,935.46 in initial deals. Similarly, the broader NSE Nifty advanced 24.05 points or 0.15 per cent to 15,858.40.

UltraTech Cement was the top gainer in the Sensex pack, rising 0.69 per cent, followed by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance. Infosys was up 0.06 per cent in early deals.

On the other hand, Sun Pharma, TCS, HUL, and Reliance Industries were among the laggards.

In the previous session, the BSE Sensex closed 395.33 points or 0.75 per cent higher at 52,880. Similarly, the broader NSE Nifty surged 112.15 points or 0.71 per cent to 15,834.35.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 338.43 crore on Monday, as per provisional exchange data.

“Domestic equities look to be muted as of now. Notably, sharp rise in crude prices and strengthening dollar index weighed on sentiments in the last couple of days. Further, expectations of further rise in crude prices with no agreement on ease of production in the OPEC meeting can weigh on sentiments further,” said Binod Modi Head-Strategy at Reliance Securities.

However, we continue to believe any meaningful correction in the market should be offering opportunity to investors to get in quality stocks, Modi said.

Meanwhile, international oil benchmark Brent crude surged 0.32 per cent to USD 77.41 per barrel.

Elsewhere in Asia, bourses in Seoul and Tokyo gained, while Shanghai and Hong Kong were trading in the red in mid-session deals.

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Equity benchmark Sensex rallied over 395 points on Monday, tracking gains in index majors HDFC twins, Infosys and Reliance Industries amid a mixed trend in global markets.

The 30-share BSE index ended 395.33 points or 0.75 per cent higher at 52,880. Similarly, the broader NSE Nifty surged 112.15 points or 0.71 per cent to 15,834.35.

State Bank of India was the top gainer in the Sensex pack, climbing nearly 2 per cent, followed by Tata Steel, L&T, Bajaj Finserv, Axis Bank, Bajaj Finance, M&M and ICICI Bank.

On the other hand, Tech Mahindra, Dr Reddy’s, HCL Tech and Titan were among the laggards.

Elsewhere in Asia, bourses in Shanghai and Seoul ended with gains, while Hong Kong and Tokyo closed in the red.

Equities in Europe were trading on a mixed note in mid-session deals.

Foreign institutional investors were net sellers in the capital market on Friday as they offloaded shares worth Rs 982.80 crore, as per exchange data.

Meanwhile, international oil benchmark Brent crude was trading 0.35 per cent higher at USD 76.44 per barrel.

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Equity benchmark Sensex jumped over 200 points in early trade on Monday, tracking gains in index heavyweights HDFC Bank, TCS and Reliance.

The 30-share BSE index was trading 211.04 points or 0.40 per cent higher at 52,695.71 in initial deals. Similarly, the broader NSE Nifty inched 65.10 points or 0.41 per cent up to 15,787.30.

Bajaj Auto was the top gainer in the Sensex pack, rising over 1 per cent, followed by Tata Steel, Axis Bank, Bajaj Finserv, HDFC Bank, TCS and Reliance Industries.

On the other hand, Tech Mahindra, Dr Reddy’s and HDFC were the laggards.

In the previous session, the 30-share BSE index ended 166.07 points or 0.32 per cent higher at 52,484.67. Similarly, the broader NSE Nifty advanced 42.20 points or 0.27 per cent up at 15,722.20.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 982.80 crore on Friday, as per provisional exchange data.

Elsewhere in Asia, bourses in Seoul and Shanghai were trading with gains in mid-session deals, while Tokyo and Hong Kong were in the red.

Meanwhile, international oil benchmark Brent crude fell 0.09 per cent to USD 76.10 per barrel.

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Snapping its four-session losing run, equity benchmark Sensex jumped 166 points on Friday, led by gains in index majors Reliance Industries, ICICI Bank and HDFC.

After trading in a range through the day, the 30-share BSE index ended 166.07 points or 0.32 per cent higher at 52,484.67. Similarly, the broader NSE Nifty advanced 42.20 points or 0.27 per cent up at 15,722.20.

Reliance Industries was the top gainer in the Sensex pack, rising over 1 per cent, followed by ICICI Bank, SBI, HDFC, M&M, Axis Bank, Bajaj Finance, Titan and Infosys.

On the other hand, Tata Steel, PowerGrid, Asian Paints, Sun Pharma and Bajaj Auto were among the laggards.

“Domestic equities continued to trade in a rangebound with benchmark indices witnessing marginal gains,” said Binod Modi, Head – Strategy at Reliance Securities.

While financials, pharma and realty indices recovered modestly, profit-booking was visible across metals and FMCG counters, he said, adding that midcap and smallcap indices continued to outperform as improved earnings visibility attracted investors towards this space.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Seoul closed in the red, Tokyo ended with gains.

Equities in Europe were trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude was quoting marginally lower at USD 75.79 per barrel.

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Equity benchmarks Sensex and Nifty opened on a choppy note on Friday amid sustained foreign fund outflow and a mixed trend in Asian peers.

The 30-share BSE index started on a slightly positive note, but soon turned negative to trade 46.89 points or 0.09 per cent lower at 52,271.71 in early deals.

Similarly, the broader NSE Nifty inched 9.90 points or 0.06 per cent down to 15,670.10.

TCS was the top loser in the Sensex pack, shedding over 1 per cent, followed by Infosys, Tech Mahindra, HDFC Bank, HCL Tech, PowerGrid, Tata Steel and HDFC.

On the other hand, ICICI Bank, M&M, Reliance Industries and Titan were among the gainers.

In the previous session, the 30-share index Sensex ended 164.11 points or 0.31 per cent lower at 52,318.60, and Nifty inched 41.50 points or 0.26 per cent down to 15,680.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,245.29 crore on Thursday, as per provisional exchange data.

According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, sustained FII selling and high valuations are the major reasons for the weakness in the market now.

“It is normal and rational for FIIs to sell and book profits at the present elevated valuations. High-net-worth individuals (HNIs) also might be tempted to partially book profits,” he noted.

Elsewhere in Asia, bourses in Shanghai and Hong Kong were in the red in mid-session deals, while Seoul and Tokyo were trading with gains.

Equities on Wall Street largely ended on a positive note in the overnight session.

Meanwhile, international oil benchmark Brent crude was quoting flat at USD 75.84 per barrel.

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Equity benchmark Sensex declined 186 points on Tuesday, tracking losses in ICICI Bank, Kotak Bank and Infosys as investors booked profits at higher levels.

The 30-share BSE index ended 185.93 points or 0.35 per cent lower at 52,549.66. Similarly, the broader NSE Nifty tumbled 66.25 points or 0.42 per cent to 15,748.45.

Kotak Bank was the top loser in the Sensex pack, shedding over 1 per cent, followed by ICICI Bank, Tech Mahindra, Bajaj Auto, Mahindra and Mahindra, SBI and Axis Bank.

On the other hand, PowerGrid, HUL, NTPC, Dr Reddy’s and Nestle India were among the gainers.

According to Binod Modi, Head-Strategy at Reliance Securities, domestic equities extended losses as profit-booking in financials, auto and metals dragged benchmark indices down. Weak cues from global markets also weighed on sentiments, he said.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with losses.

Stock exchanges in Europe were, however, trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.27 per cent lower at USD 73.94 per barrel.

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Equity benchmarks Sensex and Nifty opened on a flat note on Tuesday tracking a mixed trend in global markets and sustained foreign fund outflow.

The 30-share BSE index was trading 22.82 points or 0.04 per cent higher at 52,758.41 in initial deals. Similarly, the broader NSE Nifty inched 7.45 points or 0.05 per cent up to 15,822.15.

Asian Paints was the top gainer in the Sensex pack, rising over 1 percent, followed by PowerGrid, L&T, TCS, Reliance Industries, HCL Tech and ITC.

On the other hand, ICICI Bank, M&M, HDFC Bank, Kotak Bank and Infosys were among the laggards.

In the previous session, the 30-share index Sensex ended 189.45 points or 0.36 per cent lower at 52,735.59, while Nifty settled 45.65 points or 0.29 percent down at 15,814.70.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,658.72 crore on Monday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be flat as of now.

The slew of measures by Finance Minister on Monday to spur economic activities augurs well, he said, adding that the increase in allocation for Emergency Credit Line Guarantee Scheme from Rs 3 trillion to Rs 4.5 trillion is a fantastic move to support the pandemic-hit sectors and ensure liquidity, which also offers comfort to banks.

Notably, a sharp fall in daily caseload and satisfactory ramp up in vaccination process have overshadowed concerns emerging from higher crude prices and weakening rupee, he said.

As per V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the strongest headwind for the market now is the continuous FII selling which is logical in the context of the high valuations.

“With strong DII buying (worth Rs 1,277.08 crore on Monday) and overconfident retail activity, FIIs are now in a position to sell aggressively without pulling the markets down significantly.”

On the global front, US stocks ended higher with S&P 500 and Nasdaq recording fresh highs.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with losses in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.55 per cent lower at USD 73.73 per barrel. 

 

Indian benchmark indices Sensex and Nifty tumbled after the former dropped by 189 points led by losses in index heavyweights Reliance Industries, TCS, and HDFC amid a negative trend in global markets.

After touching a lifetime high of 53,126.73 in the opening session, the 30-share BSE index ended 189.45 points or 0.36 percent lower at 52,735.59.

Similarly, the broader NSE Nifty settled 45.65 points or 0.29 percent down at 15,814.70. It touched a lifetime intra-day peak of 15,915.65.

Titan was the top loser in the Sensex pack, shedding over 1 percent, followed by TCS, HCL Tech, Reliance Industries, UltraTech Cement, and Bharti Airtel.

On the other hand, Dr Reddy’s, Tata Steel, Tech Mahindra, Sun Pharma, and HUL were among the gainers.

“After opening at a record high, the domestic markets slipped into the negative zone tracking cues from global peers due to a spike in COVID cases across Asia,” said Vinod Nair, Head of Research at Geojit Financial Services.

PSU banks were in focus in anticipation of progress in privatisation, he said, adding that the market got volatile in the closing hour during the FM’s announcement on fresh stimulus, though it was focused on COVID-19 relief package mainly for healthcare and stressed sectors, which will benefit the broader economy.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with losses. Stock exchanges in Europe were trading in the red in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.16 percent lower at USD 75.26 per barrel.

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Sensex rises 139.54 pts to 53,064.58 in the opening session; Nifty advances 33.05 pts to 15,893.40.  It touched a lifetime intra-day peak of 15,915.65 in the opening session. 

On the Nifty50 index, ONGC, Cipla, RIL, SBI and IndusInd Bank were the top gainers while HDFC Life TCS, Bajaj Auto, L&T and MAruti led the losses. Broader markets were also higher with the midcap and smallcap indices up 0.3 percent and 0.4 percent, respectively.

It touched a lifetime intra-day peak of 15,915.65 in the opening session.

Asian Paints was the top gainer in the Sensex pack, rising over 1 percent, followed by Dr Reddy’s, NTPC, Axis Bank, Sun Pharma, Kotak Bank, ICICI Bank and Reliance Industries.

On the other hand, Titan, TCS, UltraTech Cement, Bharti Airtel and L&T were among the laggards.

In the previous session, the 30-share index Sensex closed 226.04 points or 0.43 per cent higher at record 52,925.04, and Nifty advanced 69.90 points or 0.44 percent to 15,860.35.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 678.84 crore on Friday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic markets look modestly good as of now.

A sharp fall in daily caseload and satisfactory ramp up in vaccination process overshadowed concerns emerging from higher crude prices and weakening rupee,? he said, adding that better-than-expected 4QFY21 earnings performance of companies has also supported the market’s uptick.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading with losses in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.17 percent lower at USD 75.25 per barrel.

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Mumbai: Equity benchmark Sensex jumped 226 points to end at a fresh lifetime high on Friday, boosted by ICICI Bank, Axis Bank and Infosys amid positive cues from global markets.

The 30-share BSE index closed 226.04 points or 0.43 per cent higher at record 52,925.04. Similarly, the broader NSE Nifty advanced 69.90 points or 0.44 per cent to 15,860.35.

Tata Steel was the top gainer in the Sensex pack, rising over 4 per cent, followed by Axis Bank, SBI, ICICI Bank, Bajaj Finserv, L&T and Maruti.

On the other hand, Reliance Industries, NTPC, HUL, Titan and Asian Paints were among the laggards.

“Domestic equities rose mirroring an upbeat mood in the global markets after US President Joe Biden embraced Senate infrastructure deal to help stimulate the economy.

“The overall mood in Wall Street was lifted since the US jobless claims ticked down as the economy heals,” said Vinod Nair, Head of Research at Geojit Financial Services.

On the domestic front, recovery was seen in banks and metal stocks following its consolidation during the past few days, he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with gains. Equities in Europe were trading on a mixed note in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.44 per cent lower at USD 75.23 per barrel.

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Mumbai: Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a positive trend in global markets and sustained foreign fund inflow.

The 30-share BSE index was trading 65.90 points or 0.13 per cent higher at 52,764.90 in initial deals. Similarly, the broader NSE Nifty advanced 32 points or 0.20 per cent to 15,822.45.

Tata Steel was the top gainer in the Sensex pack, rising over 3 per cent, followed by Maruti, HCL Tech, ICICI Bank, Maruti, Axis Bank and SBI.

On the other hand, Reliance Industries, HUL, Asian Paints, Kotak Bank and Nestle India were among the laggards.

In the previous session, the 30-share index Sensex ended 392.92 points or 0.75 per cent higher at 52,699. Similarly, the broader NSE Nifty surged 103.50 points or 0.66 per cent to 15,790.45.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 2,890.94 crore on Thursday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be muted as of now.

“While Indian equities remained buoyant led by improved prospects of economic recovery in the backdrop of sharp contraction in daily caseload and ramp-up in vaccination programme, a sharp rise in crude price with Brent surpassing USD 75/barrel and recent weakness in INR have emerged as key overhangs for the market,? he noted.

On the global front, he said, US equities recovered sharply after President Joe Biden announced that he has reached a deal with a bipartisan group of lawmakers on an infrastructure plan.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.22 per cent higher at USD 75.73 per barrel. 

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Mumbai: Equity benchmark Sensex rallied 393 points on Thursday, tracking gains in Infosys, TCS and HDFC Bank amid a positive trend in global markets.

The 30-share BSE index ended 392.92 points or 0.75 per cent higher at 52,699. Similarly, the broader NSE Nifty surged 103.50 points or 0.66 per cent to 15,790.45.

Infosys was the top gainer in the Sensex pack, rising over 3 per cent, followed by TCS, Tech Mahindra, HCL Tech and Asian Paints.

On the other hand, Reliance Industries, Bharti Airtel, PowerGrid and SBI were among the laggards.

According to Binod Modi, Head-Strategy at Reliance Securities, benchmarks recovered sharply mainly led by sharp rebound in financials and IT.

Improved prospects of sustained earnings recovery and recent weakness in rupee also augur well for IT stocks, he said, adding that favourable cues from global markets also aided sentiments.

Further, RIL AGM was in focus today in second half of the session, and investors seemed to be in a profit booking mode, he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo ended with gains. Equities in Europe were trading on a positive note in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.16 per cent higher at USD 75.31 per barrel. 

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Mumbai: Equity benchmark Sensex jumped over 200 points in early trade on Thursday, tracking gains in index majors Infosys, TCS and HDFC Bank amid heavy foreign fund inflow.

The 30-share BSE index was trading 216.23 points or 0.41 per cent higher at 52,522.31 in initial deals. Similarly, the broader NSE Nifty advanced 59.95 points or 0.38 per cent to 15,746.90.

TCS was the top gainer in the Sensex pack, rising over 1 per cent, followed by Tata Steel, L&T, Infosys, UltraTech Cement, ICICI Bank, SBI and Axis Bank.

On the other hand, Titan, NTPC, Bajaj Auto and Reliance Industries were among the laggards.

In the previous session, Sensex index ended 282.63 points or 0.54 per cent lower at 52,306.08, while Nifty declined 85.80 points or 0.54 per cent to 15,686.95.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 3,156.53 crore on Wednesday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be modestly good as of now. Sharp contraction in daily caseload and ramp-up in vaccination programmes offer comfort to the market.

“We believe expectations of a sharp improvement in high-frequency key economic indicators from the current month supported by ease in business curbs in various states should continue to offer support to corporate earnings,” he added.

US equities traded sideways and ended mixed on Wednesday after two days of back-to-back gains.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals, while Shanghai was in the red.

Meanwhile, international oil benchmark Brent crude was trading 0.12 per cent higher at USD 75.28 per barrel. 

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Mumbai: Equity benchmark Sensex gave up early gains and tumbled 283 points on Wednesday following losses in index heavyweights Reliance Industries, HDFC and ICICI Bank.

The 30-share BSE index ended 282.63 points or 0.54 per cent lower at 52,306.08. Similarly, the broader NSE Nifty declined 85.80 points or 0.54 per cent to 15,686.95.

Kotak Bank was the top loser in the Sensex pack, shedding over 1 per cent, followed by L&T, Tata Steel, HDFC, TCS, Reliance Industries, HCL Tech and ICICI Bank.

On the other hand, Maruti, Titan, Bajaj Finserv and M&M were among the gainers.

Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo ended with gains, while Seoul was in the red.

Equities in Europe were largely trading with losses in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.84 per cent higher at USD 75.44 per barrel. 

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Mumbai: Equity benchmark Sensex jumped over 100 points in early trade on Wednesday, tracking gains in index-heavyweights Infosys, HUL and Maruti, amid a positive trend in global equities.

The 30-share BSE index was trading 145.45 points or 0.28 per cent higher at 52,734.16 in initial deals. Similarly, the broader NSE Nifty advanced 49.70 points or 0.32 per cent to 15,822.45.

IndusInd Bank was the top gainer in the Sensex pack, rising over 1 per cent, followed by Maruti, Titan, Tata Steel, HUL and Infosys.

On the other hand, Kotak Bank, Asian Paints, UltraTech Cement and HCL Tech were among the laggards.

In the previous session, Sensex settled 14.25 points or 0.03 per cent higher at 52,588.71, and Nifty rose 26.25 points or 0.17 per cent to close at 15,772.75

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,027.94 crore on Tuesday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities continue to look good as of now. Indian markets witnessed brisk recovery this week so far led by improved prospects of economic rebound and sustained recovery in corporate earnings.

US markets extended gains as the Federal Reserve Chairman Jerome Powell’s testimony offered comfort to investors, said Modi.

“Powell reiterated his view that recent jump in inflation would prove transitory and stated that Fed will do everything to support the economy as long as it takes to complete the recovery process. He further stated that the Central Bank would be patient before scaling back its soft monetary policy.

“This certainly has given some confidence that a reversal in policy rates or a bond buying programme is not going to happen soon. Further statements of Fed staffers will be watched out in coming days, which have been mixed so far,” he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.60 per cent higher at USD 75.26 per barrel.

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Mumbai: Equity benchmark Sensex ended on a flat note after scaling the 53,000 mark on Tuesday as investor booked profits at higher levels.

After touching a lifetime intra-day peak of 53,057.11, the 30-share BSE index settled 14.25 points or 0.03 per cent higher at 52,588.71.

Similarly, the broader NSE Nifty rose 26.25 points or 0.17 per cent to 15,772.75.

Maruti was the top gainer in the Sensex pack, rallying over 5 per cent, followed by L&T, UltraTech Cement, TCS and Titan.

On the other hand, Asian Paints, Bajaj Finance, Nestle India and HUL were among the laggards.

Markets opened strong on the back of global cues and pick-up in the pace of vaccination. Tuesday’s trade saw hectic activity in stocks pertaining to the ‘unlock’ theme, said S Ranganathan, Head of Research at LKP Securities.

Nearing Mount 53K, however, Sensex witnessed profit-taking across the board in afternoon trade, he noted.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo ended with gains, while Hong Kong was in the red.

Stock exchanges in Europe were largely trading with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude was trading 0.47 per cent lower at USD 74.55 per barrel.

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Mumbai: Equity benchmark Sensex rallied over 350 points to scale a fresh intra-day record in early trade on Tuesday, tracking gains in index-heavyweights Reliance Industries, HDFC twins and ICICI Bank, amid a positive trend in global equities.

After touching a lifetime intra-day peak of 52,957.13, the 30-share BSE index was trading 374.92 points or 0.71 per cent higher at 52,949.38 in initial deals. Similarly, the broader NSE Nifty surged 115.05 points or 0.73 per cent to 15,861.55.

Maruti was the top gainer in the Sensex pack, rising over 2 per cent, followed by M&M, L&T, TCS, ICICI Bank, SBI and HDFC twins.

On the other hand, Nestle India and Bajaj Finance were the laggards.

In the previous session, Sensex ended 230.01 points or 0.44 per cent higher at 52,574.46. Similarly, the Nifty advanced 63.15 points or 0.40 per cent to 15,746.50.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,244.71 crore on Monday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be good as of now following firm global cues.

US stocks finished sharply higher with Dow and S&P 500 recording 1.4-1.8 per cent gains as investors focused on strengthening of the US economy and strong corporate earnings, Modi noted.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading with gains in mid-session deals, while Hong Kong was in the red.

Further, India’s daily caseload falling below 60,000 and ramp-up in vaccination programmes offer comfort, Modi said, adding that expectations of sharp improvement in high frequency key economic indicators from the current month supported by ease of business curbs in various states should continue to offer support to corporate earnings.

Meanwhile, international oil benchmark Brent crude was trading 0.35 per cent higher at USD 75.16 per barrel.

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Mumbai: The BSE Sensex wiped off early losses to finish with smart gains on Monday, propped up by HDFC twins, SBI and Reliance Industries amid a mixed trend in global equities.

After plunging over 600 points in early trade, the 30-share BSE benchmark made a U-turn to settle 230.01 points or 0.44 per cent higher at 52,574.46.

Similarly, the broader NSE Nifty advanced 63.15 points or 0.40 per cent to 15,746.50.

NTPC was the top gainer in the Sensex pack, rallying 3.87 per cent, followed by Titan, SBI, HUL, UltraTech Cement, Tata Steel and IndusInd Bank.

In value terms, HDFC twins, HUL and Reliance Industries accounted for most of the gains.

On the other hand, Maruti Suzuki was the biggest laggard, shedding 0.82 per cent, after the country’s largest carmaker said it will increase prices of its entire product portfolio in the second quarter of the current fiscal due to rise in prices of various essential commodities, including steel.

TCS, Tech Mahindra, M&M, L&T and Infosys were among the other losers, skidding up to 0.74 per cent.

“The domestic market opened on a weak note due to the hawkish monetary policy of the U.S Federal Reserve. But the market clawed back above day’s low and closed in the green as the market expects a faster economic recovery owing to the PM’s announcement on free inoculation for all citizens.

“PSU Bank was the top sectoral performer on reports of the government finalising Central Bank of India and Indian Overseas Bank for privatisation,” said Vinod Nair, Head of Research at Geojit Financial Services.

Binod Modi, Head – Strategy at Reliance Securities, said investors once again seemed to be lapping up quality midcap and smallcap stocks after the recent steep correction.

“Strong rebound in PSU banks was a prime factor for market’s recovery. Further, Reliance Industries also recorded some gains ahead of its AGM and arrested market’s fall. Barring Auto and IT, most key sectoral indices recovered to green from initial losses,” he added.

Sectorally, BSE power, realty, utilities, oil and gas, finance and bankex rose up to 2.55 per cent, while auto, IT and teck ended in the red.

Broader BSE midcap and smallcap indices rose up to 0.83 per cent.

Elsewhere in Asia, bourses largely ended with losses. In Europe, equities were trading on a positive note in mid-session deals.

International oil benchmark Brent crude was trading 0.18 per cent higher at USD 73.64 per barrel.

The Indian rupee slumped 24 paise to finish at 74.10 per US dollar as participants turned risk-averse.

Meanwhile, India logged 53,256 new coronavirus infections, the lowest in 88 days, taking the total tally of COVID-19 cases to 2,99,35,221, while the active cases further reduced to 7,02,887, according to the Union Health Ministry data updated on Monday. 

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Mumbai: Equity benchmark Sensex plunged nearly 600 points in early trade on Monday, tracking losses in index-heavyweights ICICI Bank, SBI and L&T amid a steep correction in global equities.

The 30-share BSE index was trading 596.78 points or 1.14 per cent lower at 51,747.67 in initial deals. Similarly, the broader NSE Nifty tumbled 175.35 points or 1.12 per cent to 15,508.

M&M was the top loser in the Sensex pack, shedding over 2 per cent, followed by L&T, UltraTech Cement, ICICI Bank, Maruti and SBI.

On the other hand, NTPC, HUL, Sun Pharma and Asian Paints were among the gainers.

In the previous session, Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 2,680.57 crore on Friday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic markets do not look to be inspiring as of now.

“Indian equities saw profit booking last week led by weak global cues. Undoubtedly, weakening INR, rising crude prices and doubts over sustainability of FIIs flow due to taper talk in the US aggravated investors’ concerns.

“While India’s daily caseload falling below 60,000 offers comfort, indication of a third wave in the next 6-8 months in the country has raised fresh concerns,” he noted.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading with heavy losses in mid-session deals.

International oil benchmark Brent crude was trading 0.53 per cent higher at USD 73.90 per barrel. 

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Mumbai: Equity benchmarks Sensex and Nifty ended on a flat note after a volatile session on Friday amid a largely negative trend in global equities.

The 30-share BSE Sensex ended 21.12 points or 0.04 per cent higher at 52,344.45, while the broader NSE Nifty inched 8.05 points or 0.05 per cent lower to 15,683.35.

ONGC was the top loser in the Sensex pack, shedding around 4 per cent, followed by NTPC, PowerGrid, M&M, Nestle India, SBI and HCL Tech.

On the other hand, HUL, Bajaj Auto, Bharti Airtel, Bajaj Finserv were among the gainers.

It was an extremely volatile trading day for domestic equities with benchmark Nifty recovering sharply from day’s low, said Binod Modi Head-Strategy at Reliance Securities.

Barring FMCG and pharma, all key sectoral indices traded in the red. Metals, PSU banks, and realty indices witnessed steeper contraction.

Further, heavy profit-booking was seen in midcap and smallcap stocks after sharp rally in recent weeks, Modi noted.

Elsewhere in Asia, bourses in Hong Kong and Seoul ended on a positive note, while Shanghai and Tokyo closed lower.

Stock exchanges in Europe were largely trading with losses in mid-session deals.

International oil benchmark Brent crude was trading 0.73 per cent lower at USD 72.55 per barrel. 

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Mumbai: Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index-heavyweights Infosys, HDFC twins and ICICI Bank amid a largely positive trend in global equities.

The 30-share BSE index was trading 220.53 points or 0.42 per cent higher at 52,543.86 in initial deals. Similarly, the broader NSE Nifty advanced 53.70 points or 0.34 per cent to 15,745.10.

ONGC was the top loser in the Sensex pack, shedding over 2 per cent, followed by PowerGrid, M&M, Maruti, L&T, NTPC and Titan.

On the other hand, Bajaj Finserv, Sun Pharma, HCL Tech, Infosys and Dr Reddy’s were among the gainers.

In the previous session, Sensex ended 178.65 points or 0.34 per cent lower at 52,323.33. The broader NSE Nifty declined 76.15 points or 0.48 per cent to 15,691.40.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 879.73 crore on Thursday, as per provisional exchange data.

According to Binod Modi Head-Strategy at Reliance Securities, domestic equities look to be modestly good as of now.

Weak global cues led Indian equities to see profit booking in last couple of days, he said, adding that more than 100 per cent improvement in advance tax/direct tax collections in 1QFY22 so far indicates sustainable corporate earnings in coming quarters along with strong financial resources for the government to maintain budgeted fiscal deficit.

Further, easing of business curbs by states led by sharp decline in COVID-19 positivity rates and reduction in daily caseload continues to offer comfort to investors, he noted.

Elsewhere in Asia, bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while Shanghai was in the red in mid-session deals.

US equities ended on a mixed note in the overnight session, as S&P 500 and Dow Jones ended on a negative note, while technology stocks made a comeback and pushed Nasdaq to near a record close.

International oil benchmark Brent crude was trading 0.92 per cent lower at USD 72.41 per barrel.

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Mumbai: Equity benchmark Sensex tumbled 179 points on Thursday, weighed by losses in index heavyweights HDFC twins, ICICI Bank and Axis Bank amid a largely negative trend in global equities.

The 30-share BSE index ended 178.65 points or 0.34 per cent lower at 52,323.33. The broader NSE Nifty declined 76.15 points or 0.48 per cent to 15,691.40.

IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by Dr Reddy’s, NTPC, Maruti, Axis Bank, Bajaj Auto, Bharti Airtel and HDFC.

On the other hand, UltraTech Cement, TCS, Asian Paints and Infosys were among the gainers.

“Bulls stepped back a bit following the economic forecast by the US Federal Reserve as the street stayed cautious on the slow economic recovery in emerging markets unlike some of the developed markets,” said S Ranganathan, Head of Research at LKP Securities.

The Fed’s policymakers said they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024.

While metal names saw profit-booking, we did witness keen buying interest in cement and IT well supported by select consumer names during the volatile afternoon session of trade, Ranganathan noted.

Elsewhere in Asia, bourses in Shanghai and Hong Kong ended on a positive note, while Seoul and Tokyo were in the red.

Stock exchanges in Europe were also trading with losses in mid-session deals.

International oil benchmark Brent crude was trading 0.09 per cent higher at USD 74.46 per barrel. 

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Mumbai: Equity benchmark Sensex tumbled over 300 points in early trade on Thursday, tracking losses in index-heavyweights HDFC twins, ICICI Bank and Reliance Industries amid a largely negative trend in global equities.

The 30-share BSE index was trading 302.80 points or 0.58 per cent lower at 52,199.18 in initial deals. Similarly, the broader NSE Nifty declined 93.70 points or 0.59 per cent to 15,673.85.

Tech Mahindra was the top loser in the Sensex pack, shedding around 1 per cent, followed by PowerGrid, HDFC, HDFC Bank and Axis Bank.

On the other hand, Asian Paints, Sun Pharma, UltraTech Cement and HCL Tech were among the gainers.

In the previous session, Sensex ended 271.07 points or 0.51 per cent lower at 52,501.98, and Nifty retreated from a record and declined 101.70 points or 0.64 per cent to 15,767.55.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 870.29 crore on Wednesday, as per provisional exchange data.

Domestic equities do not look to be good as of now due to weak global cues, said Binod Modi Head-Strategy at Reliance Securities.

While soft bond yields and improving prospects of earnings visibility have resulted in FIIs’ flow to turn favourable in the last couple of days, slight hawkish policy meeting outcome of Federal Open Market Committee (FOMC) may weigh on sentiments in the near term, he noted.

Elsewhere in Asia, bourses in Shanghai and Hong Kong were trading on a positive note, while Seoul and Tokyo were in the red in mid-session deals.

US equities finished lower after the US Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.

The Fed’s policymakers forecast that they would raise their benchmark short-term rate, which influences many consumer and business loans, twice by late 2023. They had previously estimated that no rate hike would occur before 2024.

In a statement after its latest policy meeting, the Fed also said it expects the pandemic to have a diminishing effect on the economy as vaccinations increase, thereby allowing for more growth.

International oil benchmark Brent crude was trading 0.54 per cent lower at USD 73.99 per barrel.

Mumbai: Benchmark indices Sensex and Nifty retreated from record high levels on Wednesday following intense selling in Reliance and HDFC twins as investors turned cautious ahead of the outcome of the US Federal Reserve’s policy meeting.

The 30-share BSE index ended 271.07 points or 0.51 per cent lower at 52,501.98. It had closed at an all-time high of 52,773.05 on Tuesday. The broader NSE Nifty retreated from a record and declined 101.70 points or 0.64 per cent to 15,767.55.

PowerGrid was the top laggard in the Sensex pack, shedding around 2 per cent, followed by IndusInd Bank, Reliance, L&T, UltraTech Cement and Bajaj Finance.

On the other hand, Nestle, NTPC, ONGC, Bajaj Finserv Hindustan Unilever and Infosys were among the gainers.

Investors kept an eye on the two-day US Federal Reserve meeting, which is set to conclude on Wednesday.

Lack of fresh trigger from overseas markets also weighed on the local stocks as Asian markets closed mixed. Bourses in Shanghai, Hong Kong and Tokyo ended on a negative note, while Seoul settled with gains.

Equities in Europe were trading mixed in mid-session deals.

International oil benchmark Brent crude was trading 0.14 per cent higher at USD 74.09 per barrel.

Meanwhile, the rupee slips 1 paisa to close at 73.32 against the US dollar, logging its seventh straight day of losses.

Foreign institutional investors (FIIs) emerged as net buyers in the capital market as they bought shares worth Rs 633.69 crore on Tuesday, as per provisional exchange data. 

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