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  • Stock Market Updates: Sensex Trades Over 200 Points Higher; Nifty Above 23,200 – News18

    Stock Market Updates: Sensex Trades Over 200 Points Higher; Nifty Above 23,200 – News18


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    Benchmark indices, Nifty50 and Sensex, were seen trading lower in early trade, tracking mixed cues.

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    Benchmark indices, Nifty50 and Sensex, opened flat on Thursday, reacting to mixed cues from global markets.

    At 10am, Sensex was up 200.73 points or 0.26 percent at 76,605.72, and the Nifty was up 65 points or 0.28 percent at 23,220.35

    UltraTech Cement and HDFC Bank emerged as the top gainers on the BSE, while HUL and Nestle were the biggest laggards. Similarly, on the NSE, UltraTech Cement and Wipro led the gains, while HUL and Nestle saw losses.

    The broader markets showed mixed trends. The Nifty SmallCap index dropped 0.17%, while the MidCap index traded 0.14% lower.

    Sector-wise, the Nifty IT index was the top performer, up 1%, while the Nifty FMCG index was the biggest loser, down 1%.

    Akshay Chinchalkar, Head of Research, Axis Securities, said: “The Nifty’s recovery traced a “tweezer bottom” formation alongside a “bullish harami” pattern that should provide some comfort to people looking for a lasting bounce. The long lower shadow from yesterday’s lows shows demand near the 23,000 area. Although longer-term support lies in the 22500 – 22700 zone, it’s critical for bulls to get past 23471. The NSE midcap index has reached a pivotal support cluster near 52,000 so the burden of proof is on bulls to protect the lows.

    Global Cues

    Asian markets traded mixed on Thursday as investors reacted to various economic data from the region. In Australia, the ASX 200 fell 0.42%, while Japan’s Nikkei rose 0.5%, and the Topix gained 0.42%. South Korea’s Kospi dropped 0.96%, following a report showing the country’s economy grew by just 1.2% YoY in Q4, its slowest pace since Q2 2023. However, Hong Kong’s Hang Seng index climbed 0.75%, and China’s CSI 300 rose 1% at the open.

    In Singapore, inflation data for December is expected soon, and the Bank of Japan is holding a policy meeting today and tomorrow, with Governor Kazuo Ueda hinting at a potential rate hike.

    Overnight, the US stock market saw strong performance, with the S&P 500 hitting a fresh all-time high. The index rose 0.61%, reaching an intraday record of 6,100.81 before closing slightly lower at 6,086.37. The Nasdaq Composite surged 1.28% to 20,009.34, driven by gains in tech stocks like Oracle and Nvidia, fueled by optimism around artificial intelligence (AI). The Dow Jones Industrial Average also saw a modest gain, rising 130.92 points, or 0.3%, to close at 44,156.73.

    Investors are now awaiting US Jobless claims data for the week ending January 18.

    News business » markets Stock Market Updates: Sensex Trades Over 200 Points Higher; Nifty Above 23,200



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  • Markets decline in early trade after 3 days of rally – Times of India

    Markets decline in early trade after 3 days of rally – Times of India



    MUMBAI: Equity benchmark indices declined in early trade on Tuesday after three days of rally amid weak trends in Asian markets and unabated foreign fund outflows.
    The 30-share BSE Sensex declined 216.73 points to 64,741.96. The Nifty slipped 63.05 points to 19,348.70.
    Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen & Toubro were the major laggards.
    Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
    In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.
    The US markets ended with marginal gains on Monday.
    Global oil benchmark Brent crude declined 0.49 per cent to $84.76 a barrel.
    Foreign Institutional Investors (FIIs) offloaded equities worth Rs 549.37 crore on Monday, according to exchange data.
    The BSE benchmark jumped 594.91 points or 0.92 per cent to settle at 64,958.69 on Monday. The broader Nifty climbed 181.15 points or 0.94 per cent to 19,411.75.





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  • Sensex, Nifty Tumble Nearly 1%, Continues Plunge For 5th Consecutive Day

    Sensex, Nifty Tumble Nearly 1%, Continues Plunge For 5th Consecutive Day


    Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81 per cent

    Mumbai:

    Benchmark equity indices Sensex and Nifty plunged nearly 1 per cent today, in continuation with the pessimistic trend amid the ongoing tensions in the Middle East.

    Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81 per cent to settle at 64,049.06. During the day, it dropped 659.72 points or 1.02 per cent to 63,912.16.

    The Nifty fell 159.60 points or 0.83 per cent to 19,122.15.

    Among the Sensex firms, Infosys, Bharti Airtel, NTPC, Tata Motors, IndusInd Bank, Bajaj Finance, ICICI Bank, Tech Mahindra, Titan and Axis Bank were among the major laggards.

    Tata Steel, State Bank of India, Mahindra & Mahindra, Maruti and Nestle were the gainers.

    In Asian markets, Tokyo, Shanghai and Hong Kong settled in the positive territory while Seoul ended lower.

    European markets were trading in the negative territory. The US markets ended in the green on Tuesday.

    “Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate scenario would continue slowing future growth,” said Vinod Nair, Head of Research at Geojit Financial Services.

    Mr Nair further said that a positive strategy is evident on large-cap stocks, amid growing geopolitical worries and valuation concerns in mid and small-cap stocks, as overall earnings growth is being sustained.

    Global oil benchmark Brent crude climbed 0.30 per cent to USD 88.32 a barrel.

    “The market was waiting for an opportunity for profit-booking – the recent hike in bond yields to 5 per cent, increased geopolitical tensions risking a flare-up in the Middle East as well and early in-line corporate results have all just provided the platform for much-awaited correction,” said Pawan Bharaddia, Co-founder, Equitree.

    Foreign Institutional Investors (FIIs) bought equities worth Rs 252.25 crore on Monday, according to exchange data.

    Equity markets were closed on Tuesday on account of Dussehra festival.

    The BSE benchmark plunged 825.74 points or 1.26 per cent to settle at 64,571.88 on Monday. The Nifty fell 260.90 points or 1.34 per cent to 19,281.75.
     

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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  • Investors’ Wealth Falls By Rs 3.46 Lakh Crore As Markets Crash

    Investors’ Wealth Falls By Rs 3.46 Lakh Crore As Markets Crash


    Investors’ wealth eroded by Rs 3.46 lakh crore today as equity markets took a sharp tumble

    New Delhi:

    Investors’ wealth eroded by Rs 3.46 lakh crore today as equity markets took a sharp tumble amid weak global trends and foreign fund outflows.

    The 30-share BSE Sensex fell by 676.53 points or 1.02 per cent to settle at 65,782.78. During the day, it plunged 1,027.63 points or 1.54 per cent to 65,431.68.

    In line with the weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 3,46,947.54 crore to Rs 3,03,33,258.69 crore.

    “After the euphoric June and July, we are witnessing some healthy corrections today in Indian markets, due to the downgrade of the US rating by Fitch. Frankly, the market was waiting for some reason to correct in the last few days as it was in an extremely over-bought zone, and it found its reason. The impact on the Indian market should also be short-lived, soon focus will come back on earnings, infra investments, and fund flows,” said Vikram Kasat, Head Advisory at Prabhudas Lilladher.

    Fitch Ratings has downgraded the US government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades.

    The rating was cut on Tuesday one notch to AA from AAA, the highest possible rating.

    “The Indian market witnessed a broad sectoral slide, affected by weak global market trends. Negative news regarding the US rating downgrade on fiscal concerns, coupled with weak factory activity data from Eurozone and China, led to widespread worries across the globe. Additionally, prolonged FII selling, triggered by a rise in US bond yields, has disrupted the mood of the domestic market,” said Vinod Nair, Head of Research at Geojit Financial Services.

    From the Sensex pack, Tata Steel declined 3.45 per cent, followed by Tata Motors 3.19 per cent. Bajaj Finserv, NTPC, State Bank of India, JSW Steel, Larsen & Toubro and Bharti Airtel were among the other major laggards.

    Nestle, Hindustan Unilever, Asian Paints, Tech Mahindra and UltraTech Cement were the gainers.

    In the broader market, the BSE midcap gauge fell by 1.39 per cent and smallcap index declined 1.18 per cent.

    All indices ended lower with metal tumbling 2.45 per cent, utilities falling by 2.32 per cent, power (2.31 per cent), telecommunication (2 per cent), capital goods (1.83 per cent), auto (1.52 per cent), oil & gas (1.47 per cent), industrials (1.46 per cent), financial services (1.33 per cent) and commodities (1.22 per cent).

    “A sharp sell-off in Asian and European markets gave investors a reason to encash on the recent upsurge. FIIs seem to have sold off local equities after the record rally last month,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd.

    A total of 2,353 stocks declined while 1,240 advanced and 139 remained unchanged.

    In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower.

    European markets were trading in the red. The US markets ended mostly in the negative territory on Tuesday.

    Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.85 crore on Tuesday, according to exchange data.
     

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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  • Bull Run Continues: Sensex Ends Above 67,000-Mark, Nifty Peaks At 19,833

    Bull Run Continues: Sensex Ends Above 67,000-Mark, Nifty Peaks At 19,833


    Equity benchmark indices Sensex and Nifty continued their bull run for the fifth straight day.

    Mumbai:

    Equity benchmark indices Sensex and Nifty continued their upward movement today, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.

    Buying in index majors Reliance Industries and ITC also helped the markets maintain their winning momentum.

    Rallying for the fifth day running, the 30-share BSE Sensex jumped 302.30 points or 0.45 per cent to settle at its new record closing high of 67,097.44. During the day, it rallied 376.24 points or 0.56 per cent to reach its all-time intra-day peak of 67,171.38.

    The NSE Nifty gained 83.90 points or 0.42 per cent to end at its lifetime closing high of 19,833.15. During the day, it climbed 102.45 points or 0.51 per cent to hit a fresh record intra-day peak of 19,851.70.

    From the Sensex pack, NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Motors, ITC, Power Grid and Larsen & Toubro were the biggest gainers.

    IndusInd Bank climbed 2 per cent after the company on Tuesday reported a 30 per cent jump in consolidated net profit in April-June quarter at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions.

    Tata Consultancy Services, Bharti Airtel, Maruti, Hindustan Unilever, Nestle and ICICI Bank were among the laggards.

    Foreign Institutional Investors (FIIs) continued their buying activity on Tuesday as they bought equities worth Rs 2,115.84 crore, according to exchange data.

    In Asian markets, Seoul, Tokyo and Shanghai ended in the green while Hong Kong lowered.

    Equity markets in Europe were quoting in the green. The US markets ended in the positive territory on Tuesday.

    “Despite the current high levels, domestic investors have hardly lost confidence in the Indian economy. It is experiencing a broad based rally strengthened by encouraging domestic macroeconomic data and sustained inflows from FIIs.

    “Although there was some initial profit booking today, the market confidently recovered, with buying observed in all major sectors except auto and IT. Additionally, the global market is providing comfort to the rally, in anticipation of moderation in global inflation,” said Vinod Nair, Head of Research at Geojit Financial Services.

    Global oil benchmark Brent crude climbed 0.60 per cent to USD 80.11 a barrel.

    The Asian Development Bank (ADB) on Wednesday retained India’s economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the region’s recovery.
     

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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  • Sensex, Nifty Climb In Early Trade After Falling In 2 Previous Sessions

    Sensex, Nifty Climb In Early Trade After Falling In 2 Previous Sessions


    On Friday, Sensex fell 259.52 points or 0.41 per cent.

    Mumbai:

    Equity benchmark indices gained in early trade on Monday after falling in the previous two trading sessions, amid buying in index heavyweights ITC, ICICI Bank and Infosys.

    The 30-share BSE Sensex climbed 91.03 points to 63,070.40 points in early trade. The NSE Nifty advanced 39.30 points to 18,704.80 points.

    From the Sensex pack, ITC, Hindustan Unilever, Tata Motors, IndusInd Bank, Mahindra & Mahindra, HCL Technologies, Titan, Nestle, ICICI Bank and Infosys were the biggest gainers.

    Tata Consultancy Services, Bharti Airtel, HDFC, Tata Steel, HDFC Bank and NTPC were among the laggards.

    In Asian markets, Seoul quoted in the green while Tokyo, Shanghai and Hong Kong traded lower.

    The US markets ended in negative territory on Friday.

    “Intra-day, the market may witness a choppy ride as the recent interest rate hike by the BoE and the US Fed hinting at two more rate hikes this year coupled with mounting Chinese growth fears point towards a challenging environment for the global economic recovery path,” Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.

    Global oil benchmark Brent crude climbed 0.05 per cent to USD 73.89 a barrel.

    Foreign Institutional Investors (FIIs) offloaded equities worth Rs 344.81 crore on Friday, according to exchange data.

    On Friday, Sensex fell 259.52 points or 0.41 per cent to settle at 62,979.37 points while Nifty declined 105.75 points or 0.56 per cent to end at 18,665.50 points.

    (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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  • Sensex, Nifty jump over 1% on heavy buying in banking stocks – Times of India

    Sensex, Nifty jump over 1% on heavy buying in banking stocks – Times of India



    MUMBAI: Equity benchmarks sensex and Nifty rallied over 1 per cent on Friday due to heavy buying in banking and financial counters amid mixed trend in the global markets.
    The 30-share BSE benchmark sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. During the day, it jumped 973.1 points or 1.62 per cent to 60,905.34.
    The broader NSE Nifty advanced 243.65 points or 1.38 per cent to end at 17,854.05.
    “Markets are rising, assuming that we are in the last phase of the rate hike cycle as indicated by the Fed statement,” said Vinod Nair, Head of Research at Geojit Financial Services.
    Some Adani Group stocks revived post the confident statement by TotalEnergies, a French energy company, raising the sentiment of the market, Nair added.
    From the sensex pack, Titan, Bajaj Finserv, Bajaj Finance, HDFC Bank, HDFC, State Bank of India, Mahindra & Mahindra and IndusInd Bank were among the major winners.
    HCL Technologies, Wipro and Tech Mahindra were among the laggards.
    In the broader market, the BSE smallcap gauge declined 0.47 per cent and midcap index dipped 0.04 per cent.
    Among sectoral indices, consumer durables climbed 2.61 per cent, financial services rallied 2.15 per cent, bankex jumped 2.02 per cent, services advanced 1.64 per cent and consumer discretionary gained 0.85 per cent.
    Utilities fell 2.79 per cent, power declined 2.24 per cent, oil & gas (0.88 per cent) and realty (0.53 per cent).
    Elsewhere in Asia, equity markets in Seoul and Tokyo ended in the green, while Shanghai and Hong Kong settled lower.
    Equities in Europe were trading mostly lower during mid-session deals. Markets in the US ended mostly in the positive territory on Thursday.
    International oil benchmark Brent crude climbed 0.44 per cent to $82.52 per barrel.
    Foreign Institutional Investors (FIIs) again offloaded shares on Thursday after a day’s breather. They sold shares worth Rs 3,065.35 crore, according to exchange data.





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