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: 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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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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Mumbai: Equity benchmark Sensex fell over 90 points in early trade on Wednesday, tracking tepid global cues ahead of the US Federal Reserve’s policy outcome.

The 30-share BSE index was trading 90.5 points or 0.17 per cent lower at 52,682.55 in initial deals. Similarly, the broader NSE Nifty slipped 23.55 points or 0.15 per cent to 15,845.70.

PowerGrid was the top loser in the Sensex pack, shedding around 1 per cent, followed by Dr Reddy’s, Titan, HDFC Bank, Asian Paints, Reliance Industries and Axis Bank.

On the other hand, ONGC, M&M, Bajaj Finserv, Hindustan Unilever, TCS and Infosys were among the gainers.

In the previous session, the BSE Sensex quoted higher by 221.52 points or 0.42 per cent at a new peak of 52,773.05. Likewise, the broader NSE Nifty rose 57.40 points or 0.36 per cent to settle at a fresh high of 15,869.25.

Elsewhere in Asia, bourses in Tokyo, Shanghai and Hong Kong were trading on a negative note in mid-session deals, while Seoul was trading with gains.

US equities finished lower in the previous session ahead of the outcome of the Fed policy meeting on Wednesday.

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.

International oil benchmark Brent crude was trading 0.95 per cent higher at USD 74.69 per barrel. 

Mumbai: Equity benchmarks Sensex and Nifty rose for the fourth straight session to settle at fresh life-time highs on Tuesday as investors shrugged off concerns over rising inflation to focus on positive cues coming from global markets.

At the closing bell, the BSE Sensex quoted higher by 221.52 points or 0.42 per cent at a new peak of 52,773.05. The index also hit its all-time intraday high of 52,869.51 during the session.

Likewise, the broader NSE Nifty rose 57.40 points or 0.36 per cent to settle at a fresh high of 15,869.25. The NSE gauge too marked its life-time intraday high of 15,901.60.

On the Sensex chart, Asian Paints was the top gainer in the Sensex pack, rising over 3 per cent, followed by Axis Bank, ICICI Bank, Hindustan Unilever, IndusInd Bank, Infosys and HDFC Bank.

On the other hand, Bajaj Finserv, Dr Reddy’s, Titan, Sun Pharma, Bajaj Finance and PowerGrid were among the laggards.

Of the 30 shares in the Sensex, 15 closed in the green.

Sectorally, BSE realty index rose the most with 1.55 per cent gains. It was followed by consumer discretionary goods, bank and FMCG indices.

In the broader market, smallcap and midcap indices outperformed the benchmark. Largecap index rose 0.35 per cent.

“Indian bourses continued its gaining streak tracking optimism from global peers, which is despite the rising inflation concerns. The global market is eagerly awaiting the two-day Fed policy meeting’s decision to see if the central bank would signal any change in policy,” said Vinod Nair, Head of Research at Geojit Financial Services.

He further said that domestic retail inflation jumped to 6.3 per cent in May breaching the RBI’s comfort zone on account of higher food and energy prices, which is expected to ease due to the opening of the economy.

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

Equities in Europe were trading with gains in mid-session deals.

International oil benchmark Brent crude was trading 0.32 per cent higher at USD 73.09 per barrel.

Meanwhile, the rupee slipped 2 paise to close at 73.31 against the US dollar.

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Mumbai, Jun 14 (PTI) Equity benchmark Sensex rose 77 points to close at its all-time high on Monday, tracking gains in index majors Reliance, Infosys and TCS amid positive cues from global markets.

The 30-share BSE index ended 76.77 points or 0.15 per cent higher at 52,551.53.

Similarly, the broader NSE Nifty advanced 12.50 points or 0.08 per cent to its fresh record of 15,811.85.

Reliance Industries was the top gainer in the Sensex pack, rising around 1.5 per cent, followed by Bajaj Finance, ONGC, Infosys, PowerGrid, L&T and IndusInd Bank.

On the other hand, Kotak Bank, NTPC, HDFC, Sun Pharma, Bajaj Auto and Maruti were among the laggards.

Elsewhere in Asia, bourses in Tokyo and Seoul ended on a positive note. Markets in China and Hong Kong were closed on account of a local holiday.

Equities in Europe were trading with gains in mid-session deals.

International oil benchmark Brent crude was trading 0.94 per cent higher at USD 73.37 per barrel.

Meanwhile, the rupee declined 22 paise to close at 73.29 against the US dollar.

India recorded a single-day rise of 70,421 new COVID-19 cases, the lowest in 74 days, taking the country’s infection tally to 2,95,10,410, while the count of active cases fell below 10 lakhs after over two months, according to the Union Health Ministry data updated on Monday.

 

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New Delhi: Equity benchmark Sensex climbed 174 points to close at its all-time high on Friday, tracking gains in index heavyweights Reliance Industries, Infosys and TCS amid a largely positive trend in global equities.

After touching a record intra-day peak of 52,641.53, the 30-share BSE index ended 174.29 points or 0.33 per cent higher at 52,474.76.

Similarly, the broader NSE Nifty advanced 61.60 points or 0.39 per cent to its lifetime peak of 15,799.35.

Dr Reddy’s was the top gainer in the Sensex pack, rising over 3 per cent, followed by PowerGrid, TCS, HCL Tech, Infosys and Reliance Industries.

On the other hand, L&T, IndusInd Bank, Bajaj Finserv and Bharti Airtel were among the laggards.

“Domestic equities extended gains with key benchmark indices Nifty and Sensex recording fresh all-time highs,” said Binod Modi, Head – Strategy at Reliance Securities.

A sharp rebound in IT, metals and RIL supported benchmark indices. Expectations of sharp recovery in economic activities and indications from government to roll out capital expenditure programme for FY22 faster lifted sentiments, he added.

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

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

International oil benchmark Brent crude was trading 0.22 per cent higher at USD 72.68 per barrel. 

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Mumbai: Equity benchmark Sensex jumped over 250 points and touched a record intra-day high of 52,578.07 in early trade on Friday, tracking gains in index-heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global equities.

The 30-share BSE index was later trading 241.05 points or 0.46 per cent higher at 52,541.52 in initial deals. Similarly, the broader NSE Nifty advanced 72 points or 0.46 per cent to 15,809.75.

PowerGrid was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, ONGC, HCL Tech, Sun Pharma, Infosys and HDFC twins.

On the other hand, Bajaj Finserv, HUL, Bajaj Finance, Titan and Tech Mahindra were the laggards.

In the previous session, Sensex finished 358.83 points or 0.69 per cent higher at 52,300.47, and Nifty climbed 102.40 points or 0.65 per cent to end at 15,737.75..

Foreign institutional investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 1,329.70 crore on Thursday, as per provisional exchange data.

Improving business environment from the beginning of June, led by phased withdrawal of business curbs by the states has lifted sentiments among investors, said Binod Modi Head-Strategy at Reliance Securities.

High frequency key economic indicators are likely to see remarkable improvement from current month onwards, which should sustain premium valuations of the market, he noted.

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

US equities finished with gains in the overnight session.

International oil benchmark Brent crude was trading 0.55 per cent lower at USD 72.12 per barrel.

Mumbai: The BSE benchmark Sensex surged nearly 359 points to close above the 52,300-level on Thursday, with financial, pharma and IT shares gaining the most amid positive global cues.

The 30-share Sensex finished 358.83 points or 0.69 per cent higher at 52,300.47. Intra-day, the index swung between a high of 52,346.35 and a low of 51,957.92.

Similarly, the broader NSE Nifty climbed 102.40 points or 0.65 per cent to end at 15,737.75.

On the Sensex chart, Bajaj Finance, Bajaj FinServ, SBI, IndusInd Bank, Dr Reddy’s, Tech Mahindra, ITC and Kotak Bank were the prominent gainers  rising up to 7.29 per cent.

On the other hand, Bajaj Auto, Maruti, HCL Tech, Ultratech Cement, PowerGrid, ONGC and Nestle suffered losses.

Of the 30 shares in the Sensex pack, 23 ended with gains.

Elsewhere in Asia, stock markets closed with gains ahead of crucial US inflation data for May.

On the forex market front, the Indian rupee lost 9 paise to end at 73.06 against the US dollar on Thursday.

“Many states have eased lockdown restrictions since the peaking of the second COVID wave in early May. The central bank is maintaining its accommodative stance, while the government has launched another fiscal package via the distribution of free vaccines and food,” said Jen-Ai Chua, Equity Research Analyst Asia, Julius Baer.

“India is expected to vaccinate two-thirds of its population with a first dose by early 2022 — a key move that should boost its COVID containment efforts. We maintain our constructive view on the market,” he added.

The active COVID-19 cases in the country have reduced to 11,67,952 comprising 4 per cent of the total infections, while the national recovery rate has improved to 94.77 per cent, the Health Ministry data showed on Thursday.

Meanwhile, 94,052 new cases took the tally to 2,91,83,121; while a net decline of 63,463 cases has been recorded in the total number of COVID-19 cases in a span of 24 hours, the data showed. 

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Mumbai: Equity benchmark Sensex jumped over 150 points in early trade on Thursday, tracking gains in index-heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global equities.

The 30-share BSE index was trading 160.07 points or 0.31 per cent higher at 52,101.71 in initial deals. Similarly, the broader NSE Nifty advanced 58.75 points or 0.38 per cent to 15,694.10.

PowerGrid was the top gainer in the Sensex pack, rising around 2 per cent, followed by ITC, Tech Mahindra, IndusInd Bank, NTPC, Sun Pharma and Dr Reddy’s.

On the other hand, Bajaj Auto, Asian Paints, Maruti and Nestle India were among the laggards.

In the previous session, Sensex ended 333.93 points or 0.64 per cent lower at 51,941.64, and Nifty slumped 104.75 points or 0.67 per cent to 15,635.35.

Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 846.37 crore on Wednesday, as per provisional exchange data.

Domestic equities look to be good as of now. Previous session’s selling pressure was due to profit booking ahead of crucial US CPI data and European Central Bank (ECB) policy meeting outcome, said Binod Modi Head-Strategy at Reliance Securities.

“While sharp drop in daily caseload and phased withdrawal of business curbs by the states have significantly improved prospects of economic recovery, the government’s decision to increase MSPs for several Kharif crops is a sensible move to enhance rural income,” he noted.

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

US equities finished lower as profit-booking ahead of crucial May inflation data.

International oil benchmark Brent crude was trading 0.72 per cent lower at USD 71.70 per barrel.

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Mumbai: Equity benchmark Sensex tanked 334 points on Wednesday, tracking heavy losses in index heavyweights Reliance Industries, ICICI Bank and L&T amid a weak trend in global markets.

The 30-share BSE index ended 333.93 points or 0.64 per cent lower at 51,941.64. Similarly, the broader NSE Nifty slumped 104.75 points or 0.67 per cent to 15,635.35.

L&T was the top loser in the Sensex pack, shedding around 2 per cent, followed by Reliance Industries, Bajaj Finserv, IndusInd Bank, SBI, Maruti, Axis Bank and Bajaj Auto.

On the other hand, PowerGrid, NTPC, Titan, HCL Tech and Asian Paints were among the gainers.

“Domestic equities fell sharply as selling pressure in financials, auto and RIL dragged indices down,” said Binod Modi, Head – Strategy at Reliance Securities.

This was the steepest correction after May 12, he said, adding that all key sectoral indices witnessed selling pressure as investors preferred to book some amount of profit ahead of crucial CPI data in the US.

Further, Asian markets also traded weak today mainly reacting on higher-than-expected jump in China’s producer price index at 9 per cent for May.

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

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

International oil benchmark Brent crude was trading 0.36 per cent higher at USD 72.48 per barrel. 

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