New Delhi: The BSE benchmark Sensex tumbled 183 points on Friday, tracking losses in index majors HDFC Bank, Reliance Industries and TCS.

The 30-share index ended 182.75 points or 0.35 per cent lower at 52,386.19. The broader NSE Nifty dropped 38.10 points or 0.24 per cent to close at 15,689.80.

Bajaj Auto was the top loser in the Sensex pack, shedding around 2 per cent, followed by TCS, HDFC Bank, Axis Bank, Reliance Industries and Tech Mahindra.

On the other hand, Tata Steel, Bajaj Finserv, Bharti Airtel and NTPC were among the gainers.

Domestic equities traded on a weak note mainly led by continued profit-booking in financials, said Binod Modi, Head – Strategy at Reliance Securities.

However, metals, pharma and realty indices shined, while IT index remained soft after TCS missed earnings estimates, he said, adding that buying momentum remained visible in midcap and smallcap stocks as improved earnings prospect attracted investors’ interest.

“While visible improvement in business momentum with ease of business curbs by states started offering comfort, the recent uptick in daily caseload and increasing positive rate could be a near term risk as we saw Japan imposing fresh restrictions in Tokyo,? he noted.

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

Stock exchanges in Europe were trading with gains in mid-session deals. Also Read: Dolly Khanna portfolio stocks: Check share recommendations for long and small term investments

Meanwhile, international oil benchmark Brent crude rose 1.08 per cent to USD 74.92 per barrel. Also Read: Bank Holidays July 2021: Banks to remain shut for 5 days straight from tomorrow

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New Delhi: Equity benchmark Sensex tumbled over 300 points in early trade on Friday, tracking losses in index majors Reliance Industries, HDFC twins and ICICI Bank amid a weak trend in global markets.

After dropping 340 points in the opening session, the 30-share BSE index was trading 282.08 points or 0.054 per cent lower at 52,286.86 in initial deals, while the broader NSE Nifty dropped 77.75 points or 0.49 per cent to 15,650.15.

Axis Bank was the top loser in the Sensex pack, shedding over 1 per cent, followed by IndusInd Bank, TCS, HDFC, ICICI Bank, Reliance Industries and Bajaj Auto.

On the other hand, Tata Steel, Bajaj Finserv, Dr Reddy’s, Sun Pharma and Titan were among the gainers.

In the previous session, Sensex ended 485.82 points or 0.92 per cent lower at 52,568.94, while Nifty dropped 151.75 points or 0.96 per cent to 15,727.90.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 554.92 crore on Thursday, as per provisional exchange data.
Domestic equities continue to look soft due to weak global cues as of now, said Binod Modi Head-Strategy at Reliance Securities.

“While visible improvement in business momentum with ease of business curbs by states started offering comfort, the recent uptick in daily caseload and increasing positive rate could be a near term risk as we saw Japan imposed fresh restrictions in Tokyo yesterday,” he stated.

US stocks retreated in overnight trade as the weak tone across global equities on worries about a possible slowdown in recovery due to persistent supply bottlenecks and the spread of the delta variant weighed on sentiments.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading in the red in mid-session deals, while Hong Kong was positive. Also Read: WhatsApp new feature: Users will be able to share messages with large link previews

Meanwhile, international oil benchmark Brent crude declined 0.04 per cent to USD 74.09 per barrel. Also Read: 7th Pay Commission: Central govt takes 5 big decisions before DA hike restoration, check details

New Delhi: Equity benchmark Sensex slumped 486 points on Thursday led by losses in index majors ICICI Bank, HDFC Bank and Reliance Industries amid a selloff in global markets.

The 30-share BSE index ended 485.82 points or 0.92 per cent lower at 52,568.94, while the broader NSE Nifty dropped 151.75 points or 0.96 per cent to 15,727.90.

Tata Steel was the top loser in the Sensex pack, shedding over 2 per cent, followed by Sun Pharma, ICICI Bank, SBI, Kotak Bank and Dr Reddy’s.

On the other hand, Tech Mahindra, Bajaj Auto, PowerGrid and NTPC were among the gainers.

“Domestic equities witnessed sharp correction amid weak global cues,” said Binod Modi, Head-Strategy at Reliance Securities.

Hang Seng corrected by over 2.50 per cent as investors dumped Chinese tech giants led by mounting concerns about regulatory risk, he noted.

Asian stock markets fell after the Federal Reserve talked about possibly reducing US economic stimulus and Japanese officials prepared to declare a coronavirus state of emergency during the Olympics due to a surge in infections.

Bourses in Shanghai, Seoul and Tokyo too ended with significant losses.

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

Selling pressure was seen across all counters in Indian markets, while IT stocks broadly remained resilient ahead of TCS earnings later in the day. Metals and financials witnessed steeper correction, Modi said, adding that midcap and smallcap indices continued to outperform broader indices despite moderate profit-booking.

Meanwhile, international oil benchmark Brent crude declined 0.93 per cent to USD 72.75 per barrel.
New Delhi: Equity benchmark Sensex slumped 486 points on Thursday led by losses in index majors ICICI Bank, HDFC Bank and Reliance Industries amid a selloff in global markets.

The 30-share BSE index ended 485.82 points or 0.92 per cent lower at 52,568.94, while the broader NSE Nifty dropped 151.75 points or 0.96 per cent to 15,727.90.

Tata Steel was the top loser in the Sensex pack, shedding over 2 per cent, followed by Sun Pharma, ICICI Bank, SBI, Kotak Bank and Dr Reddy’s.

On the other hand, Tech Mahindra, Bajaj Auto, PowerGrid and NTPC were among the gainers.

“Domestic equities witnessed sharp correction amid weak global cues,” said Binod Modi, Head-Strategy at Reliance Securities.

Hang Seng corrected by over 2.50 per cent as investors dumped Chinese tech giants led by mounting concerns about regulatory risk, he noted.

Asian stock markets fell after the Federal Reserve talked about possibly reducing US economic stimulus and Japanese officials prepared to declare a coronavirus state of emergency during the Olympics due to a surge in infections.

Bourses in Shanghai, Seoul and Tokyo too ended with significant losses.

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

Selling pressure was seen across all counters in Indian markets, while IT stocks broadly remained resilient ahead of TCS earnings later in the day. Metals and financials witnessed steeper correction, Modi said, adding that midcap and smallcap indices continued to outperform broader indices despite moderate profit-booking. Also Read: Bajaj Dominar 250 rate slashed by 17,000! Check new price, features and more

Meanwhile, international oil benchmark Brent crude declined 0.93 per cent to USD 72.75 per barrel. Also Read: EPFO alert! Employees won’t receive PF money if they don’t do THIS

 

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New Delhi: Equity benchmarks Sensex and Nifty started on a choppy note on Thursday amid a negative trend in Asian peers.

The 30-share BSE index was trading 3.34 points or 0.01 per cent higher at 53,058.10 in initial deals, while the broader NSE Nifty inched 8.95 points or 0.06 per cent lower to 15,870.70.

Bajaj Auto was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Tech Mahindra, NTPC, IndusInd Bank, PowerGrid, M&M and HCL Tech.

On the other hand, UltraTech Cement, HUL, Sun Pharma and Nestle India were among the laggards.

In the previous session, Sensex climbed 193.58 points or 0.37 per cent to close at its fresh lifetime high of 53,054.76, and Nifty rose 61.40 points or 0.39 per cent to its record 15,879.65.

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 532.94 crore on Wednesday, as per provisional exchange data.

Domestic equities do not look to be inspiring as of now. Notably, visible improvement in business momentum with ease of business curbs by states started offering comfort, said Binod Modi Head-Strategy at Reliance Securities.

However, profit-booking at higher levels is leading to bouts of correction in the market, traders said.

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

US equities ended on a positive note in the overnight session. Also Read: Petrol, Diesel Prices Today, July 8, 2021: Fuel rates hiked for 2nd straight day, check rates in your city

Meanwhile, international oil benchmark Brent crude advanced 0.01 per cent to USD 73.44 per barrel. Also Read: CNG prices hiked in Delhi, Noida and Ghaziabad! Check new rates

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New Delhi: Equity benchmark Sensex jumped 194 points to close at a fresh record on Wednesday, tracking gains in index heavyweights HDFC twins, Tata Steel and ICICI Bank.

Closing above the 53,000 mark for the first time, the 30-share BSE index jumped 193.58 points or 0.37 per cent to 53,054.76.

Similarly, the broader NSE Nifty rose 61.40 points or 0.39 per cent to its fresh record peak of 15,879.65.

Tata Steel was the top gainer in the Sensex pack, rallying over 4 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC, Nestle India, Asian Paints and Sun Pharma.

On the other hand, Titan, Maruti, Reliance Industries and Tech Mahindra were among the laggards.

“Markets bounced back into the positive terrain in afternoon trade led by metal stocks. Cabinet reshuffle today created interest amongst market participants as we saw some hectic activity in smaller private sector banks,” said S Ranganathan, Head of Research at LKP Securities.

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

Equities in Europe were trading with gains in mid-session deals. Also Read: SBI alert! Chinese hackers are targeting bank customers via phishing, free gift scams

Meanwhile, international oil benchmark Brent crude rose 1.64 per cent to USD 75.75 per barrel. Also Read: ED attaches Unitech Group’s land worth Rs 106.08 crore in money-laundering case

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New Delhi: Equity benchmark Sensex advanced over 100 points in early trade on Wednesday, tracking gains in index heavyweights HDFC twins, Asian Paints at TCS.

After starting on a negative note, the 30-share BSE index turned positive to trade 119.36 points or 0.23 per cent higher at 52,980.54 in initial deals.

Similarly, the broader NSE Nifty advanced 25.10 points or 0.16 per cent to 15,843.35.

HDFC was the top gainer in the Sensex pack, rising nearly 2 per cent, followed by Asian Paints, Tata Steel, PowerGrid, Bajaj Finserv, Maruti and HDFC Bank.

On the other hand, Titan, M&M, UltraTech Cement, HUL and Tech Mahindra were among the laggards.

In the previous session, Sensex ended 18.82 points or 0.04 per cent lower at 52,861.18, and Nifty fell 16.10 points or 0.1 per cent to 15,818.25.

Foreign institutional investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 543.30 crore on Tuesday, as per provisional exchange data.
Notably, sharp rise in crude prices and strengthening dollar index weighed on sentiments in recent weeks. Accordingly, FIIs have turned out as large net sellers, said Binod Modi Head-Strategy at Reliance Securities.

However, improving business momentum with ease of business curbs started offering comfort, he added.

Meanwhile, international oil benchmark Brent crude slipped 0.15 per cent to USD 74.42 per barrel.

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

US equities ended mixed as supply chain bottlenecks started weighing on the economy, Modi said. 

New Delhi: Equity benchmark Sensex dropped 164 points on Thursday following losses in index majors Infosys, HDFC twins and Reliance Industries amid a weak trend in Asian peers. The 30-share BSE index ended 164.11 points or 0.31 per cent lower at 52,318.60. 

Similarly, the broader NSE Nifty inched 41.50 points or 0.26 per cent down to 15,680.

Bajaj Finserv was the top loser in the Sensex pack, shedding over 2 per cent, followed by Infosys, Tech Mahindra, UltraTech Cement and IndusInd Bank.

On the other hand, Dr Reddy’s, Bajaj Auto, Sun Pharma, Asian Paints and NTPC were among the gainers.

“Domestic equities continued to trade range-bound as rebound in auto, pharma and FMCG was overshadowed by profit-booking in financials and IT space,” said Binod Modi, Head- Strategy at Reliance Securities.

Strong June month dispatches reported by the automobile companies aided auto index to see sharp rebound, he noted.

However, weak cues from global markets also weighed on sentiments.

Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo ended with losses. Equities in Europe were trading with gains in mid-session deals. Also Read: Exclusive: Domestic airlines suggest Aviation Ministry allow passengers to take flights with COVID vaccine certificates

 

Meanwhile, international oil benchmark Brent crude was trading 0.90 per cent higher at USD 75.29 per barrel. Also Read: Good news for Maruti Suzuki car owners! Free service, warranty timelines extended

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New Delhi: Equity benchmarks Sensex and Nifty opened on a flat note on Thursday amid a weak trend in Asian peers and foreign fund outflow.

The 30-share BSE index was trading 36.88 points or 0.07 per cent lower at 52,445.83 in initial deals. Similarly, the broader NSE Nifty inched 5.50 points or 0.03 per cent down to 15,716.

Bajaj Finance was the top loser in the Sensex pack, shedding over 1 per cent, followed by IndusInd Bank, HCL Tech, Bajaj Finserv, Infosys and UltraTech Cement.

On the other hand, Bajaj Auto, M&M, Asian Paints, Maruti, Titan, Kotak Bank and Bharti Airtel were among the gainers.

In the previous session, the 30-share index Sensex ended 66.95 points or 0.13 per cent lower at 52,482.71, and Nifty slipped 26.95 points or 0.17 per cent to close at 15,721.50.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,646.66 crore on Wednesday, as per provisional exchange data.

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

Equities on Wall Street largely ended with gains in the overnight session. Also Read: Zydus Cadila seeks emergency use approval for COVID vaccine for 12 years old and above

Meanwhile, the international oil benchmark Brent crude was trading 0.20 per cent higher at USD 74.77 per barrel. Also Read: China celebrates 100th founding anniversary of Communist Party at Tiananmen Square

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New Delhi: Equity benchmark Sensex surrendered early gains to end 67 points lower on Wednesday (June 30) as investors booked profits at higher levels amid a largely negative trend in global markets. After rallying nearly 400 points during the day, the 30-share BSE index made a U-turn to settle 66.95 points or 0.13 per cent lower at 52,482.71. Similarly, the broader NSE Nifty slipped 26.95 points or 0.17 per cent to close at 15,721.50.

PowerGrid was the top loser in the Sensex pack, shedding over 1 per cent, followed by Bajaj Finserv, ICICI Bank, HDFC, NTPC, HUL and L&T.

On the other hand, Infosys, Reliance Industries, Nestle India and Martui were among the gainers.

“Domestic benchmark indices gave up gains towards the final session as continued profit-booking in financials dragged markets,” said Binod Modi, Head- Strategy at Reliance Securities.

However, buying was visible in IT, metals and auto companies, while pharma broadly remained resilient. Further, RIL also aided market to arrest the fall.

Notably, midcap and smallcap stocks continued to outperform broader indices, he said, adding that volatility index corrected marginally.

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

Equities in Europe were trading with losses in mid-session deals. Also Read: PM Kisan Yojana: Get Rs 3000 monthly pension along with Rs 6000 annually, here’s how

Meanwhile, international oil benchmark Brent crude was trading 0.79 per cent higher at USD 74.87 per barrel. Also Read: IIT Hyderabad, WiSig announce ‘Koala’, India’s first 5G SoC to drive NB-IoT applications

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New Delhi: Indian shares rose on Wednesday, helped by automakers and information technology stocks, while drugmaker Cipla climbed after getting a regulatory nod to import partner Moderna`s COVID-19 vaccine.

The blue-chip NSE Nifty 50 index rose 0.34% to 15,801.80 and the benchmark S&P BSE Sensex gained 0.36% to 52,741.22 by 0354 GMT.

Markets have struggled for momentum this week after briefly scaling record highs on the back of declining COVID-19 cases, easing of pandemic-induced restrictions and a surge in vaccinations.

On Wednesday, gains in automaker stocks a day before their monthly sales supported the markets, with the Nifty Auto index gaining 0.59%. Maruti Suzuki India rose 1.7% and was the top percentage gainer on the Nifty 50.

The Nifty IT index added 0.48%. IT majors Tata Consultancy Services and Infosys will be kicking off India`s first-quarter earnings season over the next few weeks.

Cipla rose as much as 1.8%. The drugmaker has received regulatory approval to distribute partner Moderna`s COVID-19 vaccine in India, a senior government official said on Tuesday.

The company is also among five Indian drugmakers that will jointly conduct a clinical trial in the country for Merck & Co`s experimental anti-viral drug to treat mild COVID-19.

Conglomerate Reliance Industries rose 0.3%. The company has signed an agreement with Abu Dhabi National Oil Co to build a multi-billion-dollar chemical project in Ruwais. Also Read: Finance Minister Nirmala Sitharaman, US Treasury Secretary discuss ‘global minimum tax’

In global markets, Wall Street`s Nasdaq index closed at a record high, helped by rising consumer confidence in an economic recovery, with Asian shares also posting gains. Also Read: Asia’s longest high-speed test track NATRAX is now in India: 5 things you need to know

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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: Markets on Friday tumbled on the back of broad-based selling with financials and metal stock leading the losses. The Sensex shed almost over 700 points to touch 51,601 at day’s low while Nifty crossed 15,500 levels.

ONGC remained the top laggards as the stock lost 3 per cent followed by State Bank of India which was down 2 per cent. PowerGrid, Axis Bank, and Maruti Suzuki were among the top losers in Sensex. Adani Ports was also among the top drags.

While Bajaj Finserv, Infosys, HCL Tech, TCS, Sun Pharma, HUL, Dr Reddy’s hold the fort with top Sensex gainers.

On Thursday, the Sensex closed at 52,323.33, down 178.65, or 0.34 per cent, while the Nifty closed at 15,680.30, down 87.25 points, or 0.55 per cent.

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What’s the reason behind the crash?

The broader markets remained under severe selling pressure with BSE midcap, smallcap indices falling over 2 per cent. The rupee continued with losses on Friday after witnessing a sharp fall in the previous session.  The rupee opened at 74.10 per dollar on Friday against the previous close of 74.08. This is the lowest opening for the rupee in two months.

SBI shares were among the losers. US private equity fund CA Rover Holdings, an affiliate of Carlyle Asia Partners, is reportedly looking to sell 5.1 per cent stake in SBI Cards and Payment Services worth $682 million ( ₹5,000 crore) through a block deal on Friday.

 A total of 52 companies, including Ashoka Buildcon, GMR Infrastructure, Hinduja Global Solutions, Insecticides (India) and Welspun Specialty Solutions are set to release their quarterly earnings on Friday.

Adani Group stocks took a severe hit on June 14 after reports said the National Securities Depository Ltd (NSDL) froze accounts of three foreign funds that were among the top stakeholders in the port-to-energy conglomerate. However, the group denied any such development.

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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