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.

The 30-share BSE Sensex climbed 541.25 points to hit a fresh lifetime peak of 77,882.33 during the afternoon trade. The Nifty went up by 130.8 points to hit a new record high of 23,668.65. File

Benchmark equity indices Sensex and Nifty hit their new all-time high levels on June 25 tracking firm trends in Asian markets and buying in blue-chip bank stocks.

The 30-share BSE Sensex climbed 541.25 points to hit a fresh lifetime peak of 77,882.33 during the afternoon trade. The Nifty went up by 130.8 points to hit a new record high of 23,668.65.

Among the 30 Sensex companies, Axis Bank, HDFC Bank, ICICI Bank, UltraTech Cement, State Bank of India and Kotak Mahindra Bank were the biggest gainers.

Adani Ports, Power Grid, Tata Steel and Asian Paints were among the laggards.

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

U.S. markets ended on a mixed note on June 24.

India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the Reserve Bank of India said on Monday.

This is the first time in ten quarters that the crucial metric of the country’s external strength has turned into surplus mode.

“A positive news from the market perspective is the current account turning surplus in Q4 FY24. This will take away the pressure on the rupee and pave the way for FII inflows when clarity emerges on the Fed rate cuts,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude declined 0.06% to $85.96 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹653.97 crore on June 24, according to exchange data.

The BSE benchmark ended 131.18 points or 0.17% higher at 77,341.08 on June 24. The Nifty went up 36.75 points or 0.16% to settle at 23,537.85.

Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows
| Photo Credit: PTI

Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows.

Extending its previous day’s downtrend, the 30-share BSE Sensex declined 363.09 points to 73,148.76. The NSE Nifty dropped 116.9 points to 22,185.60.

From the Sensex basket, Asian Paints, Larsen & Toubro, Hindustan Unilever, HDFC Bank, Nestle and Mahindra & Mahindra were the major laggards.

Tata Steel, Maruti, State Bank of India and JSW Steel were among the gainers.

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

Wall Street ended on a mixed note on May 7.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,668.84 crore on May 7, according to exchange data.

Global oil benchmark Brent crude declined 0.30% to $82.91 a barrel.

Paring all its early gains, the BSE benchmark went lower by 383.69 points or 0.52% to settle at 73,511.85 on May 7. The NSE Nifty declined 140.20 points or 0.62% to 22,302.50.

Share brokers watching stock prices at BSE Sensex and NSE Nifty at Calcutta Stock Exchange in Kolkata. File
| Photo Credit: PTI

Equity benchmark indices rebounded in early trade on Monday following a rally in the U.S. markets and heavy buying in Kotak Mahindra Bank.

The 30-share BSE Sensex climbed 328.54 points to 74,206.69 in early trade. The NSE Nifty advanced 93.45 points to 22,569.30.

From the Sensex basket, Kotak Mahindra Bank jumped over 4% after the company reported a 25% growth in its March quarter net profit at ₹5,302 crore, limited by a drop in the core income due to narrow interest margins.

Tata Consultancy Services, JSW Steel, IndusInd Bank, ICICI Bank, Wipro and Axis Bank were among the other major gainers.

Titan, State Bank of India, Power Grid and Larsen & Toubro were the laggards.

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

Wall Street ended with significant gains on Friday.

Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”.

Mr. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a U.S.-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world’s fifth-largest economy.

“Positive comment by Warren Buffett that India is an untapped market with great potential is hugely important. FIIs can take a cue from that rather than react every time to changes in U.S .bond yields,” said V.K. Vijayakumar, chief investment strategist, Geojit Financial Services.

The U.S. jobs data for April has come lower-than-expected indicating a weakening labour market and slowing economy, Mr. Vijayakumar said.

“U.S. unemployment has risen to 3.9% in April. So the possibility of a rate cut by the Fed has again brightened. The decline in the dollar index to 105.8 and the cut in the 10-year U.S. bond yield to 4.49% augur well for the market,” he added.

Global oil benchmark Brent crude climbed 0.23% to $83.15 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,391.98 crore on Friday, according to exchange data.

The BSE benchmark dropped 732.96 points or 0.98% to settle at 73,878.15 on Friday. The NSE Nifty also declined 172.35 points or 0.76% to 22,475.85.

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.

Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade.
| Photo Credit: REUTERS

Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets.

The hotter-than-expected U.S. inflation data also hit investors’ sentiment as it reduced hopes of rate cuts by the Federal Reserve.

The 30-share BSE Sensex declined 324.12 points to 74,714.03. The NSE Nifty dipped 96.6 points to 22,657.20.

From the Sensex basket, JSW Steel, Maruti, Asian Paints, ITC, Kotak Mahindra Bank and HDFC Bank were the major laggards.

NTPC, Tata Motors, Larsen & Toubro and Nestle were among the gainers.

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

Wall Street ended mostly with gains on April 11.

“The hotter-than-expected US inflation has spiked the U.S. bond yields. This is negative for FPI inflows but is unlikely to impact the Indian market which is resilient, and the rally is driven mainly by domestic liquidity,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

From the global equity market perspective, sticky U.S. inflation is a negative since it has reduced hopes of three rate cuts by the U.S., he added.

“But it is important to note that there is a real positive factor in the sticky inflation, and that is the exceptionally strong US economy which is showing no signs of a slowdown, let alone recession. This resilience of the US economy will support earnings growth and, therefore, the US stock market. This favourable backdrop will be positive for other markets, including India,” Mr. Vijayakumar said.

Global oil benchmark Brent crude climbed 0.58% to $90.26 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹2,778.17 crore on April 10, according to exchange data.

“Market sentiments were shaken by the US CPI inflation data, questioning the Fed’s rate-cut plans and prompting a bearish outlook on potential rate cuts for 2024,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Despite this, hopes for robust Q4 corporate earnings and a pre-election rally remain positive catalysts, as reflected in net buying by both FIIs and DIIs, he added.

The BSE benchmark climbed 354.45 points or 0.47% to settle at an all-time high of 75,038.15 on April 10. The Nifty advanced by 111.05 points or 0.49% to reach a record closing peak of 22,753.80. During the day, it jumped 132.95 points or 0.58 per cent to hit a lifetime intra-day peak of 22,775.70.

Stock markets were closed on April 11 on account of Eid-Ul-Fitr.

The BSE Sensex reached its all-time high of 74,254.62 and the NSE Nifty hit the lifetime peak of 22,529.95 on April 1, 2024.

Benchmark equity indices started the new fiscal on a bullish note on April 1, with the Sensex and Nifty reaching all-time high levels, amid firm trends from Asian markets and foreign fund inflows.

Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 556.98 points to 74,208.33 in early trade. The NSE Nifty climbed 192.1 points to 22,519.

Later, the BSE Sensex reached its all-time high of 74,254.62 and the NSE Nifty hit the lifetime peak of 22,529.95.

From the Sensex basket, JSW Steel, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tata Motors, and Larsen & Toubro were the major gainers.

In Asian markets, Seoul and Shanghai were quoting in the green while Tokyo traded lower.

Wall Street ended on a mixed note on March 28.

Foreign Institutional Investors (FIIs) bought equities worth ₹188.31 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.37% to $87.32 a barrel.

“The undertone of the market is bullish and there is momentum in the market,” Geojit Financial Services Chief Investment Strategist V.K. Vijayakumar said.

Equity markets were closed on Friday for Good Friday.

The BSE benchmark jumped 655.04 points, or 0.90%, to settle at 73,651.35 on Thursday. The NSE Nifty climbed 203.25 points, or 0.92%, to end at 22,326.90.

In the 2023-24 financial year, the BSE benchmark jumped 14,659.83 points or 24.85%, while the Nifty soared 4,967.15 points or 28.61%.

Image for representational purposes only.
| Photo Credit: Getty Images

The rupee rose 2 paise to 82.99 against the U.S. dollar in early trade on February 20, amid softening crude oil prices in the overseas market.

Forex traders said, however, a strong American currency, withdrawal of foreign funds and subdued equity market sentiment kept the local unit under pressure.

At the interbank foreign exchange, the domestic currency opened at 83.02 and inched up to 82.99 against the greenback in initial deals, registering a gain of 2 paise from its previous close.

On February 16, the rupee settled 4 paise higher at 83.01 against the U.S. dollar.

The currency derivatives market was closed on February 19 on account of Chhatrapati Shivaji Maharaj Jayanti.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was 0.13% higher at 104.28.

Brent crude futures, the global oil benchmark, declined 0.13% to $83.45 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 164.66 points or 0.23% lower at 72,543.50 points. The broader NSE Nifty declined 44.45 points or 0.20% to 22,077.70 points.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on February 19 as they offloaded shares worth ₹754.59 crore, according to exchange data.

Equity benchmark indices Sensex and Nifty on October 27, 2023 reversed their six-session losing streak and rebounded more than 1%/ 
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty on Friday (October 27) reversed their six-session losing streak and rebounded more than 1% on value buying in auto, IT, financial and energy stocks.

Better than expected quarterly financial results of corporates also boosted investor sentiments even as uncertainties persisted over the escalating tensions in the Middle East, according to analysts.

In a largely range-bound trade, the 30-share BSE Sensex rose 634.65 points or 1.01% to settle at 63,782.80 points. During the session, it swung between a high of 63,913.13 points and a low of 63,393.37 points.

Likewise, the wider gauge Nifty surged 202.45 points or 1.07% to 19,059.70 points.

“The domestic market recovered well compared to yesterday’s sharp corrections, due to restrained FII selling along with moderation in currency and global bond yield volatility.

“To date, the Q2 results outcome is decent, which is in line with the buoyant estimate. Yet, the market is not enthusiastic as we are at the cusp of earnings downgrade in anticipation of a further slowdown in the world economy due to elevated interest rates and geopolitical risk,” Vinod Nair, Head of Research at Geojit Financial Services, said.

Axis Bank was the biggest gainer in the Sensex pack, rising 3.07%, followed by HCL Tech, SBI, NTPC, Tata Motors, Nestle India, and Infosys.

Shares of index heavyweight Reliance Industries witnessed heavy buying as it surged 1.75% to close at ₹2,265.25 apiece. The company will announce its quarterly financial numbers after market hours.

Maruti Suzuki India on Friday reported a whopping 80.3% increase in net profit at ₹3,716.5 crore in the July-September quarter driven by better sales, softening commodity prices, cost reduction efforts and higher non-operating income.

On the other hand, Asian Paints, Ultratech Cement and ITC were the laggards.

In the broader market, the BSE midcap gauge gained 1.70% and the smallcap index rose 1.89%.

All the sectoral indices ended in the green, utility gained 2.22%, power jumped 2.04%, services (1.79%), industrial (1.63%), realty (1.63%) and IT (1.36%).

In six trading sessions till October 26, Sensex had declined 3,279.94 points.

In Asian markets, Seoul, Shanghai, Tokyo and Hong Kong ended with significant gains on Friday.

European markets were trading on a mixed note. The U.S. equity indices ended in negative territory on Thursday.

Global oil benchmark Brent crude rose 2.50$ to $90.13 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹7,702.53 crore on Thursday, according to exchange data.

The 30-share BSE benchmark regained the 67,000 level on September 11. File
| Photo Credit: Reuters

The BSE Sensex extended its rally for the eighth day running on September 12, while Nifty ended marginally lower after scaling its fresh all-time high level amid mixed global market trends.

The 30-share BSE Sensex climbed 94.05 points or 0.14% to settle at 67,221.13. During the day, it jumped 412.02 points or 0.61% to 67,539.10.

The Nifty, however, pared all its gains and ended marginally lower by 3.15 points or 0.02% at 19,993.20 in a volatile trade. During the day, it climbed 114 points or 0.57% to hit its all-time high of 20,110.35.

Among the Sensex firms, Tata Consultancy Services, Larsen & Toubro, Infosys, UltraTech Cement, ICICI Bank, Nestle, ITC and Sun Pharma were the major gainers.

Power Grid, NTPC, Tata Motors, Tata Steel, Mahindra & Mahindra and Reliance Industries were among the laggards.

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

European markets were trading on a mixed note. The U.S. stocks ended in positive territory on Monday.

Foreign Institutional Investors (FIIs) turned buyers on Monday as they bought equities worth ₹1,473.09 crore, according to exchange data.

Global oil benchmark Brent crude climbed 0.74% to $91.31 a barrel.

The 30-share BSE benchmark regained the 67,000 level on Monday. The benchmark jumped 528.17 points or 0.79% to settle at 67,127.08. The Nifty ended at 19,996.35, reflecting a gain of 176.40 points or 0.89%. The Nifty scaled the record 20,000 mark for the first time ever in intra-day trade.