Image used for representational purpose only. File
| Photo Credit: Getty Images

Image for representative purposes only
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty ended lower on Monday (December 9, 2024), dragged down by selling in blue-chip stocks Reliance Industries, Hindustan Unilever, Axis Bank and mixed global trend.

After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 200.66 points or 0.25% to settle at 81,508.46. During the day, it moved between the high of 81,783.28 and low of 81,411.55.

The NSE Nifty slipped 58.80 points or 0.24% to close at 24,619.

From the 30-share pack, Hindustan Unilever, Tata Motors, Axis Bank, Nestle India, Asian Paints, ITC, Reliance Industries, Mahindra & Mahindra, IndusInd Bank and State Bank of India were among the laggards.

Larsen & Toubro, Tata Steel, JSW Steel, HDFC Bank, Adani Ports, Kotak Mahindra Bank, Bharti Airtel and PowerGrid were among the gainers.

“Markets witnessed a range-bound session and mostly languished in negative territory due to lack of investors’ enthusiasm after last week’s rally,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

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

European markets were trading in higher. U.S. markets ended higher on Friday (December 6, 2024).

Global oil benchmark Brent crude rose 0.89% to $71.75 a barrel.

Foreign Institutional Investors (FIIs) turned sellers on Friday (December 6, 2024) after remaining net buyers for the past three straight session. They sold equities worth ₹1,830.31 crore, according to exchange data.

On Friday (December 6, 2024), the 30-share BSE benchmark Sensex declined 56.74 points or 0.07% to settle at 81,709.12, while NSE Nifty dipped 30.60 points to settle at 24,677.80.

A sharp fag-end rally drove the 30-share Bombay Stock Exchange (BSE) Sensex to the 83,000 level for the first time.
| Photo Credit: Reuters

Benchmark Sensex hit the historic 83,000 level for the first time on Thursday (September 12, 2024) and the Nifty settled at a lifetime high after a rally in blue-chip shares, surge in global markets, and foreign fund inflows.

A sharp fag-end rally drove the 30-share Bombay Stock Exchange (BSE) Sensex to the 83,000 level for the first time. The barometer surged 1,593.03 points, or 1.95%, to hit its lifetime intra-day peak of 83,116.19 in the last hour of trade. The index closed at a record high of 82,962.71, up by 1,439.55 points, or 1.77%.

The NSE Nifty surged 470.45 points, or 1.89%, to settle at a record closing high of 25,388.90. The benchmark hit its fresh all-time intra-day high of 25,433.35, a jump of 514.9 points or 2%. Nifty and Sensex opened higher and traded in a range till late afternoon trade.

Among the 30 Sensex firms, Bharti Airtel, NTPC, JSW Steel, Mahindra & Mahindra, Adani Ports, Tech Mahindra, Larsen & Toubro, Tata Steel, State Bank of India, and Kotak Mahindra Bank were the biggest gainers.

Nestle emerged as the only laggard from the blue-chip pack.

“While the session remained subdued for the most part, strong buying in heavyweight stocks across sectors propelled the indices sharply upward in the final hours,” said Ajit Mishra, SVP, Research, Religare Broking Limited.

In Asian markets, Seoul, Tokyo and Hong Kong settled with significant gains, while Shanghai ended marginally lower.

European markets were trading higher. Wall Street ended with sharp gains on Wednesday (September 12, 2024).

“Latest US inflation numbers are mildly positive for markets. August CPI inflation coming at 0.2% has brought down the 12-month inflation to 2.5% from 2.9% earlier.

“This paves the way for a rate cut by the Fed in September. But since core inflation continues to remain high at 3.2% the Fed is likely to be cautious and refrain from a 50 bps rate cut, finally settling for a 25 bps rate cut,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,755 crore on Wednesday, according to exchange data.

FIIs turning buyers in the cash market during the last three days is another indication that the market will continue to be resilient, Vijayakumar added.

Global oil benchmark Brent crude climbed 1.39% to $71.59 a barrel.

The BSE benchmark dropped 398.13 points, or 0.49%, to settle at 81,523.16 on Wednesday (September 11, 2024). The NSE Nifty declined 122.65 points or 0.49% to 24,918.45.

The 30-share BSE index rose 147.89 points to close at 81,053.19, registering gains for the third day in a row. 
| Photo Credit: Reuters

Benchmark Sensex and Nifty edged up in volatile trade on Friday (August 23, 2024) following buying in blue-chip stocks such as ICICI Bank and Bharti Airtel amid mixed global trends ahead of the U.S. Fed chair’s speech at the Jackson Hole Symposium.

Rising for the fourth straight session, the 30-share Bombay Stock Exchange (BSE) Sensex ended 33.02 points, or 0.04% higher at 81,086.21.

In early trade, the benchmark declined 169.93 points, or 0.20%, to a low of 80,883.26. Later, it bounced back 178.3 points, or 0.21%, to hit a high of 81,231.49, but gave up gains towards the end.

The National Stock Exchange (NSE) Nifty edged up 11.65 points, or 0.05%, to close at 24,823.15, registering gains for the seventh session in a row.

From the Sensex pack, Tata Motors, Sun Pharmaceutical, Bharti Airtel, Bajaj Finserv, ICICI Bank, Mahindra & Mahindra and JSW Steel were the gainers.

Tech Mahindra, HCL Technologies, Asian Paints, Titan, Infosys, the State Bank of India, Tata Consultancy Services and HDFC Bank were the laggards.

“Ahead of FED Chair Powell’s speech, the Indian indices oscillated around the flat trajectory and mixed global market sentiments further catalysed this scenario,” Vinod Nair, Head of Research at Geojit Financial Services said.

“Investors are exercising caution and awaiting Mr. Powell’s signals for more insights on the interest rate path,” Mr. Nair added.

European markets were trading with significant gains in the mid-session deals, while Asian markets were mixed. The US stock markets closed lower in overnight trade on Thursday (August 22, 2024).

Foreign Institutional Investors (FIIs) bought equities worth ₹1,371.79 crore on Thursday (August 22, 2024), according to exchange data. Domestic institutional investors (DIIs) again bought equities worth ₹2,971.80 crore on Thursday.

Global oil benchmark Brent crude rose 1.01% to $78 a barrel. On Thursday (August 22, 2024), the 30-share BSE index rose 147.89 points to close at 81,053.19, registering gains for the third day in a row. Extending gains to a sixth session in a row, the NSE Nifty went up by 41.30 points to end at a two-week high of 24,811.50.