Image for representational purposes only.
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Equity benchmark indices Sensex and Nifty ended lower on July 22, dragged down by heavy selling pressure in Reliance Industries and Kotak Mahindra Bank ahead of the Budget.

Besides, a weak trend in global equity markets also hit investors sentiment, traders said.

Falling for the second day in a row, the 30-share BSE Sensex fell 102.57 points or 0.13% to settle at 80,502.08. During the session, it tanked 504 points or 0.62% to 80,100.65.

The NSE Nifty dipped 21.65 points or 0.09% to 24,509.25. During the day, it dropped 168.6 points or 0.68% to 24,362.30.

Reliance Industries declined over 3% among the Sensex pack after the company reported a 5% drop in its June quarter net profit.

Kotak Mahindra Bank also fell more than 3% after its June quarter earnings failed to cheer investors.

ITC, State Bank of India, HCL Technologies and IndusInd Bank were the other big laggards.

NTPC, UltraTech Cement, HDFC Bank and Mahindra & Mahindra were among the gainers.

HDFC Bank climbed over 2% after the company’s consolidated net profit grew 33.17% to ₹16,474.85 crore in the June 2024 quarter.

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

European markets were trading higher in the mid-session deals. U.S. markets ended lower in overnight trade on July 19

According to the Economic Survey, 2023-24 tabled in Parliament on July 22, capital markets are becoming more prominent in India’s growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation.

Further, Indian markets are resilient to global geo-political and economic shocks, it added.

“Despite heightened geo-political risks, rising interest rates and volatile commodity prices, Indian capital markets have been one of the best performing among emerging markets in FY24,” the Economic Survey said.

Meanwhile, global oil benchmark Brent crude dipped 0.08 per cent to $82.53 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,506.12 crore on July 19, according to exchange data.

The BSE benchmark hit its new all-time high of 81,587.76 in the initial trade on July 19 but failed to carry forward the winning momentum and tanked 738.81 points or 0.9% to settle below the 81,000 mark at 80,604.65.

Nifty tumbled 269.95 points or 1.09% and ended at 24,530.90 after hitting its fresh record peak of 24,854.80 during the opening bell on July 19.

Stock prices are displayed on a digital screen at the facade of the Bombay Stock Exchange building, in Mumbai.
| Photo Credit: PTI

Equity benchmark indices rebounded in early trade on July 11 amid a rally in global markets and continuous foreign fund inflows.

Buying in IT stocks also added to the positive trend in equities.

The 30-share BSE Sensex climbed 245.32 points to 80,170.09 in early trade. The NSE Nifty went up by 78.2 points to 24,402.65.

Among the Sensex pack, Tata Consultancy Services climbed over 1% ahead of its quarterly earnings announcement later in the day.

The other prominent gainers were HCL Technologies, Tata Motors, Tata Steel, Maruti, Infosys and State Bank of India.

Power Grid, Nestle, Sun Pharma, HDFC Bank and Mahindra & Mahindra were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading higher.

U.S. markets ended significantly higher on July 10.

Foreign Institutional Investors (FIIs) bought equities worth ₹583.96 crore on July 10, according to exchange data.

Global oil benchmark Brent crude climbed 0.76% to $85.73 a barrel.

The BSE benchmark closed lower by 426.87 points or 0.53% at 79,924.77 on July 10. The NSE Nifty dropped 108.75 points or 0.45% to settle at 24,324.45.

Both the benchmark indices had hit their record high levels in opening deals on July 10.

From the Sensex basket, Tata Motors dropped more than 7%.
| Photo Credit: Reuters

Benchmark equity indices Sensex and Nifty declined in early trade on May 13 amid continuous foreign fund outflows, weak trends from Asian markets and heavy selling in Tata Motors.

The 30-share BSE Sensex tanked 462.33 points to 72,202.14. The NSE Nifty declined 125.8 points to 21,929.40.

From the Sensex basket, Tata Motors dropped more than 7% despite reporting over three-fold jump in consolidated net profit at ₹17,528.59 crore for the fourth quarter ended March 31, 2024.

JSW Steel, Tata Steel, NTPC, State Bank of India, Power Grid and Mahindra & Mahindra were the other major laggards. Sun Pharma emerged as the only gainer from the pack.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower while Hong Kong quoted in the positive territory. Wall Street ended mostly higher on Friday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,117.50 crore on Friday, according to exchange data. Global oil benchmark Brent crude declined 0.31% to $82.53 a barrel.

The BSE benchmark climbed 260.30 points or 0.36% to settle at 72,664.47 on Friday. The NSE Nifty climbed 97.70 points or 0.44% to 22,055.20.

From the Sensex basket, Larsen & Toubro went lower by more than 3% after March quarter earnings.
| Photo Credit: Reuters

Benchmark equity indices declined in early trade on May 9 amid heavy foreign fund outflows and selling in Reliance Industries and Tata Consultancy Services.

Declining for the third day running, the 30-share BSE Sensex dropped 209.6 points to 73,256.79. The NSE Nifty dipped 77.7 points to 22,224.80. From the Sensex basket, Larsen & Toubro went lower by more than 3% after March quarter earnings.

Tata Consultancy Services, Tech Mahindra, ITC, Bajaj Finserv, Bharti Airtel and Reliance Industries were the other laggards. Mahindra & Mahindra, Titan, Maruti and Tata Motors were among the gainers.

“A major trend in the market now is the aggressive selling by FIIs, which has touched Rs 15,863 crore so far this month. It is important to understand that there is a new factor triggering FII selling, apart from the high US bond yields. This is the outperformance of the Chinese and Hong Kong markets,” said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,669.10 crore on Wednesday, according to exchange data.

In Asian markets, Tokyo, Shanghai and Hong Kong were trading with gains while Seoul traded lower. Wall Street ended on a mixed note on May 8. Global oil benchmark Brent crude climbed 0.43% to $83.94 a barrel.

The 30-share BSE Sensex declined 45.46 points or 0.06% to settle at 73,466.39 on Wednesday. The NSE Nifty remained unchanged at 22,302.50.

From the Sensex basket, Asian Paints, UltraTech Cement, Hindustan Unilever, HDFC Bank, HCL Technologies, Bajaj Finance, Bajaj Finserv and ICICI Bank were the major laggards. 
| Photo Credit: Reuters

Benchmark Sensex declined more than 45 points in highly volatile trade on May 8, tracking weak Asian markets and continuous foreign fund outflows.

Declining for the second straight session, the 30-share BSE Sensex fell 45.46 points or 0.06% to settle at 73,466.39. During the day, it went lower by 437.93 points or 0.59% to 73,073.92. The NSE Nifty remained unchanged at 22,302.50.

From the Sensex basket, Asian Paints, UltraTech Cement, Hindustan Unilever, HDFC Bank, HCL Technologies, Bajaj Finance, Bajaj Finserv and ICICI Bank were the major laggards. On the other hand, Tata Motors, Power Grid, NTPC, Larsen & Toubro and Maruti were among the gainers.

In Asian markets, Tokyo, Shanghai and Hong Kong settled lower, while Seoul ended with gains. European markets were trading with gains. Wall Street ended on a mixed note on May 7. Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,668.84 crore on Tuesday, according to exchange data. Global oil benchmark Brent crude declined 1.65% to $81.79 a barrel.

The BSE benchmark went lower by 383.69 points or 0.52% to settle at 73,511.85 on Tuesday. The NSE Nifty declined 140.20 points or 0.62% to 22,302.50.

From the Sensex basket, Power Grid, IndusInd Bank, Tata Motors, JSW Steel, NTPC, HCL Technologies, Tata Steel, ICICI Bank, Mahindra & Mahindra, Axis Bank, HDFC Bank and Reliance Industries were among the major laggards.
| Photo Credit: Reuters

Equity benchmark indices declined on May 7 dragged by HDFC Bank, Reliance Industries and ICICI Bank amid concerns over rich valuation of equities.

Paring all its early gains, the 30-share BSE Sensex went lower by 383.69 points or 0.52% to settle at 73,511.85. During the day, it tanked 636.28 points or 0.86% to 73,259.26. The NSE Nifty declined 140.20 points or 0.62% to 22,302.50.

From the Sensex basket, Power Grid, IndusInd Bank, Tata Motors, JSW Steel, NTPC, HCL Technologies, Tata Steel, ICICI Bank, Mahindra & Mahindra, Axis Bank, HDFC Bank and Reliance Industries were among the major laggards.

Among the gainers, Hindustan Unilever climbed more than 5%. Tech Mahindra, Nestle, ITC, Wipro, Tata Consultancy Services and Kotak Mahindra Bank were the other major gainers.

In Asian markets, Seoul, Tokyo and Shanghai settled with gains while Hong Kong ended lower. European markets were trading higher. Wall Street ended in the green on May 6. Global oil benchmark Brent crude climbed 0.23% to $83.51 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,168.75 crore on Monday, according to exchange data. The BSE benchmark edged up 17.39 points or 0.02% to settle at 73,895.54 on Monday. The NSE Nifty declined 33.15 points or 0.15% to 22,442.70.

From the Sensex basket, Hindustan Unilever, Nestle, ITC, Asian Paints, State Bank of India and Tech Mahindra were the major gainers.
| Photo Credit: Reuters

Equity benchmark indices began the trade on an optimistic note on May 7 but later encountered volatile trends and were trading flat.

The 30-share BSE Sensex climbed 123.82 points to 74,019.36 in early trade. The NSE Nifty went up by 56.35 points to 22,499.05. Later, both the benchmark indices faced volatility and were trading with marginal gains.

From the Sensex basket, Hindustan Unilever, Nestle, ITC, Asian Paints, State Bank of India and Tech Mahindra were the major gainers. HCL Technologies, Power Grid, Mahindra & Mahindra and Tata Steel were among the laggards.

In Asian markets, Seoul and Tokyo traded with gains while Shanghai and Hong Kong quoted lower. Wall Street ended in the green on April 6. Global oil benchmark Brent crude climbed 0.29% to $83.57 a barrel.

“Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,168.75 crore on Monday,” according to exchange data. The BSE benchmark edged up 17.39 points or 0.02% to settle at 73,895.54 on April 6. The NSE Nifty declined 33.15 points or 0.15% to 22,442.70.

From the Sensex basket, Mahindra & Mahindra, Maruti, Tata Motors, UltraTech Cement, HCL Technologies and Nestle were the major gainers.
| Photo Credit: Reuters

Equity benchmark indices extended their rally in early trade on April 30, following optimism in global markets and fresh foreign fund inflows.

The 30-share BSE Sensex climbed 152.31 points to 74,823.59 in morning deals. The NSE Nifty went up by 52.9 points to 22,696.30.

From the Sensex basket, Mahindra & Mahindra, Maruti, Tata Motors, UltraTech Cement, HCL Technologies and Nestle were the major gainers. Bharti Airtel, Tech Mahindra, HDFC Bank and State Bank of India were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were quoting in the positive territory while Shanghai traded lower. Wall Street ended with gains on April 29.

“Today, the outlook remains positive with factors like net buying by FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors), WTI oil slipping below $83 a barrel, and anticipation of a pre-election rally. Focus shifts to the FOMC (Federal Open Market Committee) meeting decision on May 1 and the April jobs report on May 3,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Limited.

Global oil benchmark Brent crude declined 0.11% to $88.30 a barrel. Foreign Institutional Investors (FIIs) turned buyers on Monday after continuous offloading. They bought equities worth ₹169.09 crore, according to exchange data.

The BSE benchmark jumped 941.12 points or 1.28% to settle at 74,671.28 on Monday. The NSE Nifty went up by 223.45 points or 1 per cent to 22,643.40.

Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries.
| Photo Credit: The Hindu

Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries.

The 30-share BSE Sensex jumped 411.15 points to 74,141.31 in early trade. The NSE Nifty went up by 94.2 points to 22,514.15.

From the Sensex basket, ICICI Bank climbed nearly 2% after the company on April 27 said its March quarter consolidated net profit grew 18.5% to ₹11,672 crore, helped by lower provisions.

IndusInd Bank, Tech Mahindra, Maruti, Sun Pharma, Reliance Industries and Tata Steel were the other major gainers.

HCL Technologies, Mahindra & Mahindra, ITC and Power Grid were the laggards.

In Asian markets, Seoul, Shanghai and Hong Kong were trading in the positive territory.

Wall Street ended with gains on April 26.

Global oil benchmark Brent crude declined 0.89% to $88.70 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,408.88 crore on April 26, according to exchange data.

The BSE benchmark tanked 609.28 points or 0.82% to settle at 73,730.16 on April 26. The NSE Nifty declined 150.40 points or 0.67% to 22,419.95.

From the Sensex basket, Tech Mahindra jumped more than 12.50%.
| Photo Credit: Reuters

Equity benchmark indices climbed in early trade on April 26, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets.

The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40.

From the Sensex basket, Tech Mahindra jumped more than 12.50% after the IT services company’s CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.

Tech Mahindra CEO Mohit Joshi said the company hopes to come back to growth in H2 FY25. Tata Steel, Wipro, JSW Steel, HCL Technologies, HDFC Bank and ITC were among the other major gainers. Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra and Nestle were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory. Wall Street ended lower on April 25. Global oil benchmark Brent crude climbed 0.33% to $89.30 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,823.33 crore on Thursday, according to exchange data. The BSE benchmark climbed 486.50 points or 0.66% to settle at 74,339.44 on Thursday. The NSE Nifty advanced 167.95 points or 0.75% to 22,570.35.