Tag: stock market updates today india

Stock Market Updates: Benchmark equity indices turned highly volatile after the presentation of the interim Budget on Thursday. After oscillating between highs and lows, the 30-share BSE Sensex declined 139.37 points to 71,612.74 points in the noon trade.

The Nifty quoted 33.15 points lower at 21,692.55 points.

BUDGET 2024: Catch all the live action on Budget 2024-25 here

But, both the benchmark indices bounced back to trade in the green, reflecting an extremely volatile trend.

The 30-share BSE traded 91.52 points up at 71,843.63, and the Nifty quoted 17.95 points higher at 21,743.65.

The Indian economy has witnessed a profound positive transformation in the last 10 years, Finance Minister Nirmala Sitharaman said on Thursday.

Sitharaman in her pre-election Budget, which is technically a vote on account and popularly termed as an interim Budget, said people of India are looking ahead to the future with hope and options.

Proactive inflation management has helped keep the country’s inflation within the manageable range, the finance minister said while presenting the interim Budget. She also said that the inflation has moderated.

The Reserve Bank of India has been mandated by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

Among the Sensex firms, UltraTech Cement, Larsen & Toubro, Wipro and Bajaj Finance were among the major laggards.

Maruti, Power Grid, Mahindra & Mahindra, and Tata Consultancy Services were the biggest gainers.

Goods and Services Tax collections jumped 10.4 per cent to over Rs 1.72 lakh crore in January, reflecting buoyant economic activity and setting the stage for the next phase of GST reforms.

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

The US markets ended sharply lower on Wednesday.

On Wednesday, the US Fed left its main interest rate steady and made clear it “does not expect it will be appropriate” to cut rates “until it has gained greater confidence that inflation is moving sustainably towards” its goal of 2 per cent.

Global oil benchmark Brent crude climbed 0.14 per cent to USD 80.66 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,660.72 crore on Wednesday, according to exchange data.

(With PTI inputs)

Stock Market Updates: Sensex declined 243.07 points to 70,896.83 in early trade on January 31. Nifty slipped 73.25 points to 21,448.85.

Also Read: Stocks To Watch On January 31: TCS, L&T, Dr Reddy’s, Voltas, PB Fintech & Others

Benchmark equity indices declined on Tuesday, a day after recording sharp gains, with the BSE Sensex falling over 1 per cent.

The 30-share BSE Sensex fell by 801.67 points or 1.11 per cent to settle at 71,139.90.

During the day, Sensex plummeted 865.85 points or 1.20 per cent to 71,075.72.

The Nifty declined 215.50 points or 0.99 per cent to 21,522.10.

Stock Market Update Today: Benchmark equity indices Sensex and Nifty rebounded sharply on Monday, surging nearly 2 per cent, on heavy buying in Reliance Industries and a rally in Asian markets.

The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22.

The Nifty climbed 385 points or 1.80 per cent to 21,737.60.

Among the Sensex firms, Reliance Industries jumped nearly 7 per cent, contributing the most to the rally in markets.

Tata Motors, Power Grid, Larsen and Toubro, Kotak Mahindra Bank, NTPC, Titan and UltraTech Cement were the other major gainers.

ITC, Infosys, JSW Steel, Tech Mahindra and Tata Consultancy Services were the laggards.

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

European markets were trading mostly lower. The US markets had ended on a mixed note on Friday.

Global oil benchmark Brent crude declined 0.18 per cent to USD 83.40 a barrel.

Markets were closed on Friday on account of Republic Day.

On Thursday, the BSE benchmark declined 359.64 points or 0.51 per cent to settle at 70,700.67 points while the Nifty fell 101.35 points or 0.47 per cent to 21,352.60 points.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,144.06 crore on Thursday, according to exchange data.

Stock Markets Trends This Week

Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts.

Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues.

From the macroeconomic front, the PMI (Purchasing Managers’ Index) data for the manufacturing sector is scheduled to be announced on Thursday.

Budget 2024 Date

Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31.

(With PTI inputs)

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