Bombay Stock Exchange (BSE) building in Mumbai.
| Photo Credit: Reuters

Image for representational purposes only.
| Photo Credit: Reuters

Image used for representation purpose only.
| Photo Credit: Getty Images/iStockphoto

Photo used for representation purpose only.
| Photo Credit: Reuters

Benchmark indices Sensex and Nifty dropped in initial trade on Thursday (January 9, 2025) dragged by persistent foreign fund outflows, with investors staying on the sidelines ahead of the earnings season.

TCS is kick-starting the December quarter results calendar on Thursday.

The 30-share BSE benchmark Sensex dropped 284.12 points to 77,864.37 in early trade. The NSE Nifty dipped 86.8 points to 23,602.15.

From the 30-share blue-chip pack, Tata Motors, Larsen & Toubro, Zomato, State Bank of India, Sun Pharma, Power Grid, Bajaj Finance and NTPC were the major laggards.

Kotak Mahindra Bank, Infosys, Mahindra & Mahindra, Tata Consultancy Services and Asian Paints were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,362.18 crore on Wednesday, according to exchange data.

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

US markets ended mostly in the green on Wednesday.

Global oil benchmark Brent crude dipped 0.12 per cent to USD 76.07 a barrel.

The BSE benchmark declined 50.62 points or 0.06% to settle at 78,148.49 on Wednesday (January 8, 2025). The Nifty skidded 18.95 points or 0.08%t to 23,688.95.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.
| Photo Credit: REUTERS

Benchmark equity indices bounced back in early trade on Thursday (November 14, 2024) after facing heavy correction in the last two trading days, amid massive buying by domestic institutional investors and a rally in frontline stocks HDFC Bank, Reliance Industries.

The BSE benchmark Sensex climbed 254.5 points to 77,945.45 in early trade. The NSE Nifty went up by 86.25 points to 23,645.30.

The BSE benchmark had tanked 1,805.2 points or 2.27% in the past two days.

From the 30-share Sensex pack, HCL Technologies, HDFC Bank, NTPC, Reliance Industries, Tech Mahindra and Axis Bank were the major gainers.

UltraTech Cement, Power Grid, Mahindra & Mahindra, Hindustan Unilever, Maruti and Larsen & Toubro were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,502.58 crore on Wednesday (November 13, 2024), while Domestic Institutional Investors (DIIs) bought shares worth ₹6,145.24 crore, according to exchange data.

“During a correction phase in the market, like the present one, there will always be counter moves, which will facilitate a bounce back. The huge liquidity at the disposal of the DIIs can trigger this bounce back. But such a bounce back is unlikely to sustain since the fundamental factors are unfavourable.

“The Trump factor has triggered many profound changes in markets already. The dollar index is strong and rising and is currently at 106.61. The US 10-year bond yield is at 4.48%. These two are strong headwinds for equity markets in emerging economies like India,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

The positive factor is the huge liquidity at the disposal of the DIIs and the sustained flows into these funds, he said.

“Domestically, the worry is the disappointing Q2 results and the consensus earnings downgrade,” Mr. Vijayakumar added.

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

The U.S. markets ended on a mixed note on Wednesday.

Global oil benchmark Brent crude dipped 0.36% to $72.02 a barrel.

The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95 on Wednesday. Registering its fifth day of decline, the Nifty tumbled 324.40 points or 1.36% to 23,559.05.

Equity benchmark indices Sensex and Nifty slumped 1% each due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends. File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty slumped 1% each on Tuesday (November 12, 2024) due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends.

The BSE benchmark Sensex tumbled 820.97 points or 1.03% to settle at 78,675.18. During the day, it plunged 948.31 points or 1.19% to 78,547.84.

Falling for the third day running, the NSE Nifty tanked 257.85 points or 1.07% to 23,883.45.

From the 30-share Sensex pack, NTPC, Asian Paints, HDFC Bank, State Bank of India, Tata Motors, JSW Steel, Maruti and Power Grid were among the major laggards.

On the other hand, Sun Pharma, Infosys and ICICI Bank were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,306.88 crore on Monday, while Domestic Institutional Investors (DIIs) infused ₹2,026.63 crore in shares, according to exchange data.

“Two strong factors have been at play in this consolidating market. One, the relentless selling by FIIs has been favouring the bears and pulling the market down. Two, the sustained buying by DIIs has been supporting the market preventing a crash in the market. How the market will trend in the coming days will depend on the relative strength of these two factors,” VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the negative territory.

European equity markets were also trading in the red. Wall Street ended higher on Monday.

Global oil benchmark Brent crude climbed 0.56 per cent to USD 72.23 a barrel.

After gyrating between highs and lows, the BSE benchmark eked out a marginal gain of 9.83 points or 0.01% to settle at 79,496.15 on Monday. The Nifty dipped marginally by 6.90 points or 0.03% to 24,141.30.

Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards. File
| Photo Credit: PTI

Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday (October 14, 2024) following gains in IT and banking shares amid a firm trend in global markets.

The 30-share BSE Sensex jumped 591.69 points or 0.73% to close at 81,973.05. During the day, it surged 690.81 points or 0.84% to hit a high of 82,072.17.

The NSE Nifty rose 163.70 points or 0.66% to settle at 25,127.95. In the intraday trade, the benchmark indices climbed 195.5 points or 0.78% to 25,159.75.

From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers.

Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.

Market capitalisation of BSE-listed companies jumped by nearly ₹1.35 lakh crore to ₹4,63,62,781.71 ($5.51 trillion).

“The Indian market is demonstrating resilience, with subdued Q2 earnings expectations seemingly priced in and oil prices declining. The IT and financial sectors are attracting buying interest after recent corrections,” Vinod Nair, Head of Research, Geojit Financial Services said.

In the broader market, the BSE midcap gauge rose 0.28% and smallcap index by 0.06%.

Sector-wise, Realty surged the most by 1.53%. Bankex (1.03%), IT (1.01%), Financial Service and Teck by 0.88% each, Consumer Durables (0.69%) and Telecommunication (0.68%) were among the gainers.

Commodities slipped by 0.31%, followed by Metal (0.14%), Oil & Gas (0.06%) and Services (0.04%).

On the BSE, Avenue Supermarts, which owns and operates retail chain D-Mart, plunged over 8% to settle at ₹4,184.45 apiece, after the company’s September quarter earnings failed to cheer investors.

“A sharp fall in crude oil prices provided a major impetus to the markets, as markets ended in positive territory led by gains in banking, IT and realty stocks.

“The recovery may not fuel strong bullish sentiment, as FIIs deserting Indian markets this month coupled with lingering West Asia conflict has created a lot of uncertainty among the investors,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

European stocks were mixed on Monday (October 14, 2024) after China’s stimulus plans failed to inspire confidence among investors, who focussed on the earnings season and the European Central Bank’s policy meeting later this week, Deepak Jasani, Head of Retail Research at HDFC Securities, said.

On Monday (October 14, 2024), the wholesale price inflation rose to 1.84% in September as food items, especially vegetables, turned costlier, as per the government data released.

The wholesale price index-based inflation was 1.31% in August. It was (-)0.07% in September last year.

European markets were trading on a mixed note in mid-session deals.

Global oil benchmark Brent crude fell 2.52% to $77.05 a barrel.

In Asian markets, Tokyo, Shanghai and Seoul closed higher while Hong Kong settled in the negative territory. Wall Street ended with gains on Friday (October 11, 2024).

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,162.66 crore on Friday (October 11, 2024), while Domestic Institutional Investors (DIIs) bought equities worth ₹3,730.87 crore, according to exchange data.

Equity benchmark indices Sensex and Nifty slumped nearly 1% in a topsy-turvy trading session on Friday (October 4, 2024), dragged by intense selling in FMCG, auto and energy stocks amid escalating tensions in West Asia and persistent foreign capital outflows. File
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty slumped nearly 1% in a topsy-turvy trading session on Friday (October 4, 2024), dragged by intense selling in FMCG, auto and energy stocks amid escalating tensions in West Asia and persistent foreign capital outflows.

Besides, a spike in global crude prices on supply uncertainty due to geopolitical tensions dented market sentiments, traders said.

Falling for the fifth day running, the BSE Sensex tumbled 808.65 points or 0.98% to settle at 81,688.45. The benchmark hit a low of 81,532.68 and a high of 83,368.32 during the day, reflecting a wild swing of 1,835.64 points.

The NSE Nifty slumped 200.25 points or 0.79% to 25,049.85. Intra-day, it hit a low of 24,966.80 and a high of 25,485.05.

From the 30 Sensex firms, Mahindra & Mahindra, Bajaj Finance, Asian Paints, Nestle, Bharti Airtel, UltraTech Cement, Hindustan Unilever, ITC, and HDFC Bank were the major laggards.

In contrast, Infosys, Tech Mahindra, Tata Motors, Axis Bank, Tata Consultancy Services and State Bank of India were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 15,243.27 crore on Thursday, according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong settled in the positive territory. Markets in mainland China are closed due to a holiday.

European markets were trading higher in mid-session deals. The US markets ended lower on Thursday.

“The last three days have witnessed huge FII selling of ₹30,614 crore in the cash market. FIIs are moving money from expensive India to cheap Hong Kong on expectations that the monetary, and fiscal stimulus being implemented by the Chinese authorities will stimulate the Chinese economy and improve the earnings of Chinese companies.

“It remains to be seen how this Chinese recovery hopes to play out,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude climbed 0.99 per cent to $78.39 a barrel.

Falling for the fourth straight session on Thursday, the BSE benchmark Sensex tumbled 1,769.19 points or 2.10 per cent to settle at 82,497.10. During the day, it plummeted 1,832.27 points or 2.17 per cent to 82,434.02.

The Nifty slumped 546.80 points or 2.12 per cent to 25,250.10.

A view of the Bombay Stock Exchange in Mumbai. File
| Photo Credit: Reuters

Equity benchmark indices tumbled nearly 1.5 per cent on Monday (September 30, 2024) due to heavy selling in frontline stocks Reliance Industries, ICICI Bank and HDFC Bank amid rising geopolitical risks in the Middle East and weakness in Japanese markets.

Besides, profit-taking after a record-breaking rally and foreign fund outflows added to the gloom, analysts said.

The BSE Sensex tumbled 1,272.07 points or 1.49% to settle at 84,299.78. During the day, it plunged 1,314.71 points or 1.53% to 84,257.14.

The NSE Nifty tanked 368.10 points or 1.41%t to 25,810.85.

From the 30 Sensex firms, Reliance Industries and Axis Bank declined over 3 per cent each. ICICI Bank, Nestle, Tech Mahindra, Mahindra & Mahindra, Maruti, Bajaj Finserv, State Bank of India and Tata Motors were the other major laggards.

In contrast, JSW Steel, NTPC, Tata Steel, Titan and Asian Paints were the gainers.

“Global markets turned topsy-turvy under the threat of rising geopolitical risk in the Middle-East and plausible increase in Yen interest rate which can reduce cross country investments in equity. On the contrary, the Chinese market had a resurgence due to a large stimulus package and cheap valuation. India also weakened under the global pressure and premium valuation while metals are expected to outperform in the near-term,” said Vinod Nair, Head of Research, Geojit Financial Services.

In Asian markets, Seoul and Tokyo settled with deep cuts, while Shanghai and Hong Kong ended sharply higher.

Japan’s benchmark Nikkei 225 index tanked nearly 5 per cent on Monday. The Shanghai Composite index surged 8 per cent amid fresh stimulus measures announcement.

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

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,209.10 crore on Friday, according to exchange data.

Global oil benchmark Brent crude declined 0.19% to $71.84 a barrel.

The BSE benchmark Sensex declined 264.27 points or 0.31% to settle at 85,571.85 on Friday. During the day, it climbed 142.13 points or 0.16% to reach a new record intra-day peak of 85,978.25.

The Nifty dipped 37.10 points or 0.14% to 26,178.95 after rising 61.3 points or 0.23% to an all-time intra-day peak of 26,277.35 during the session.

A sharp fag-end rally drove the BSE benchmark to the 83,000 level for the first time on Thursday (September 12, 2024).
| Photo Credit: Reuters

Equity benchmark indices declined in early trade on Friday (September 13, 2024) after the previous session’s record rally on the emergence of profit-taking amid weak trends from Asian peers.

The 30-share Bombay Stock Exchange (BSE) Sensex dived 200.03 points to 82,762.68 after beginning the trade on a positive note. The National Stock Exchange (NSE) Nifty dropped 67.5 points to 25,321.40.

Among the 30 Sensex firms, Asian Paints, Mahindra & Mahindra, ITC, Hindustan Unilever, Bharti Airtel, Sun Pharma, Infosys and Bajaj Finance were the biggest laggards.

Tata Steel, JSW Steel, Tata Motors and Power Grid were among the gainers.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower, while Hong Kong was quoted in the positive territory.

The U.S. markets ended with gains on Thursday (September 12, 2024).

A sharp fag-end rally drove the BSE benchmark to the 83,000 level for the first time on Thursday (September 12, 2024). The barometer surged 1,593.03 points or 1.95% to hit its lifetime intra-day peak of 83,116.19. The index ended 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%.

Foreign Institutional Investors (FIIs) bought equities worth ₹ 7,695 crore on Thursday (September 12, 2024), according to exchange data.

Global oil benchmark Brent crude climbed 0.40% to 72.26 a barrel.