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

26/08/2019 MUMBAI: A view of the BSE building in Mumbai, Monday, August 26, 2019. The BSE Sensex jumped over 700 points afternoon session. Photo. Paul Noronha
| Photo Credit: PAUL NORONHA

From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards. File

Equity benchmark indices Sensex and Nifty faced heavy volatility in early trade on Monday (December 9, 2024) amid selling in blue chips like Infosys and ICICI bank amid a weak trend in the Asian markets.

Fresh foreign fund outflows also dented market sentiment.

The 30-share BSE Sensex opened on a positive note, but soon witnessed selling pressure from investors and declined 151.36 points or 0.19f to 81,557.76 in the initial trade.

In tandem, the broader NSE Nifty after opening on a higher note, fell 37.45 points or 0.15% to 24,640.35 in early hours.

From the Sensex pack, Hindustan Unilever, Nestle India, UltraTech Cement, Infosys, Asian Paints, Mahindra & Mahindra and Tata Steel were the major laggards.

In contrast, Larsen & Toubro, Kotak Mahindra Bank, Tech Mahindra, Sun Pharmaceuticals, HDFC Bank and NTPC were among the major gainers.

In Asian markets, Seoul, Hong Kong and Shanghai were trading in the negative territory, while Tokyo quoted higher.

“Asian stocks started the week with a cautious tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from China,” Deepak Jasani, head of Retail Research at HDFC Securities, said.

Central Bank outcomes from Australia, ECB, Canada, Switzerland and Brazil are expected this week, Jasani added.

U.S. markets ended in a mixed note on Friday (Dec. 6).

Global oil benchmark Brent crude climbed 0.41% to $71.41 a barrel.

Foreign Institutional Investors (FIIs) turned sellers on Friday (Dec. 6) after unabated buying for the past many days. They sold equities worth ₹1,830.31 crore, according to exchange data.

On Friday, 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 view of the BSE building in Mumbai. The BSE benchmark Sensex climbed 372.51 points to 80,482.36 in early trade.

Equity benchmark indices Sensex and Nifty continued their winning run on Tuesday (November 26, 2024) early trade amid fresh foreign fund inflows and firm trends in the U.S. markets.

Rallying for the third day running, the BSE benchmark Sensex climbed 372.51 points to 80,482.36 in early trade. The NSE Nifty went up by 121.4 points to 24,343.30.

From the 30-share Sensex pack, Infosys, Tata Steel, Asian Paints, Tech Mahindra, ICICI Bank and JSW Steel were the biggest gainers.

UltraTech Cement, Larsen & Toubro, Sun Pharma, Adani Ports, Hindustan Unilever and Bajaj Finserv were among the laggards.

Foreign Institutional Investors (FIIs) turned buyers on Monday after unabated selling for the past many days. They bought equities worth ₹9,947.55 crore, according to exchange data.

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

The U.S. markets ended in the positive territory on Monday (Nov. 25).

Global oil benchmark Brent crude climbed 0.34% to $73.26 a barrel.

Benchmark equity indices surged on Monday (Nov. 25), helped by the BJP pulling off a stunning performance in Maharashtra, winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory.

The BSE benchmark jumped 992.74 points or 1.25% to settle at 80,109.85 on Monday. The Nifty surged 314.65 points or 1.32% to 24,221.90.

A vendor walks past by a poster of bear and bull in south Mumbai. File

Stock markets rallied more than 1% on Wednesday (November 6, 2024) with benchmark Sensex soaring 901 points on heavy buying in IT and pharma shares as Donald Trump wins the U.S. presidential elections.

Extending its gains to the second day, the BSE Sensex jumped 901.50 points or 1.13% to settle at 80,378.13. During the day, it soared 1,093.1 points or 1.37% to 80,569.73.

The NSE Nifty soared 270.75 points or 1.12% to close at 24,484.05.

From the 30-share Sensex pack, Tata Consultancy Services and Infosys jumped over 4% each. HCL Technologies, Tech Mahindra, Adani Ports, Larsen & Toubro, Maruti and Reliance Industries were also among big gainers.

Titan, IndusInd Bank, Hindustan Unilever, Axis Bank and HDFC Bank were the laggards.

“Global markets experienced a relief rally following the U.S. election results, reducing political uncertainty with Trump securing a strong mandate. This has led to strong risk-on sentiments, driven by expectations of tax cuts and increased government spending,” Vinod Nair, head of research at Geojit Financial Services said.

The domestic buying was broad-based, with IT leading the charge in anticipation of a rebound in IT spending in the U.S.

“BFSI spending in the U.S. has improved as per the IT Q2 result which is positive for Indian players,” Mr. Nair added.

In Asian markets, Tokyo settled higher while Seoul, Shanghai and Hong Kong ended lower.

European markets were quoting in the green. Wall Street ended sharply higher on Tuesday (Nov. 5).

Global oil benchmark Brent crude declined 2% to $74.02 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,569.41 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought ₹3,030.96 crore worth of shares, according to exchange data.

Bouncing back from Monday’s (Nov. 4’s) sharp fall, the BSE benchmark jumped 694.39 points or 0.88% to settle at 79,476.63 on Tuesday (Nov. 5). The Nifty climbed 217.95 points or 0.91% to 24,213.30.

The BSE Sensex declined 225.17 points to 79,707.66 in early trade. The NSE Nifty fell by 60.85 points to 24,280. File
| Photo Credit: The Hindu

Benchmark equity indices Sensex and Nifty fell in early trade on Thursday (October 31, 2024), dragged down by IT stocks and relentless foreign fund outflows.

The BSE Sensex declined 225.17 points to 79,707.66 in early trade. The NSE Nifty fell by 60.85 points to 24,280.

From the 30-share Sensex pack, Tech Mahindra, Tata Consultancy Services, Infosys, HCL Technologies, Titan, Maruti Suzuki and UltraTech Cement were the biggest laggards.

In contrast, Larsen & Toubro jumped over 5% after the infrastructure major posted a 5% rise in consolidated profit after tax to ₹3,395 crore in the September 2024 quarter on account of higher income.

Sun Pharma, Axis Bank, Tata Steel and State Bank of India were also among the gainers.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday (October 30, 2024), as they offloaded shares worth ₹4,613.65 crore, according to exchange data.

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

The U.S. markets ended in negative territory on Wednesday (October 30, 2024).

“This Diwali, it is unlikely to see fireworks in the market. India has been underperforming in October, with the Nifty down 5.7% when markets in the U.S. and Japan have delivered positive returns and China and Hong Kong have hugely outperformed.

“India’s underperformance is driven by lofty valuations, relentless FII selling and concerns over slowing earnings growth. In the near term, this scenario is unlikely to change, reversing the trend decisively, even though mild pullbacks are possible,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global oil benchmark Brent crude climbed 0.48% to $72.90 a barrel.

The BSE benchmark Sensex tumbled 426.85 points or 0.53%, to settle at 79,942.18 on Wednesday (October 30, 2024). The Nifty dropped 126 points or 0.51%, to 24,340.85.

Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said. File
| Photo Credit: Vivek Bendre

Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday (October 29, 2024), helped by fag-end buying in banking counters and a firm trend in global markets.

The BSE Sensex climbed 363.99 points or 0.45% to settle at 80,369.03. Intra-day, it fell by 583.69 points to 79,421.35.

The NSE Nifty rose 127.70 points or 0.52% to 24,466.85.

Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said.

From the 30 Sensex pack, State Bank of India jumped 5%, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro.

In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,228.08 crore on Monday (October 28, 2024), while DIIs bought equities worth ₹1,400.85 crore, according to exchange data.

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

European markets were trading higher. The U.S. markets ended in positive territory on Monday (October 28, 2024).

Global oil benchmark Brent crude climbed 0.66% higher at $71.89 a barrel.

The BSE benchmark jumped 602.75 points or 0.76% to settle at 80,005.04 on Monday (October 28, 2024). The Nifty soared 158.35 points or 0.65% to 24,339.15.

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai.
| Photo Credit: PTI

Equity benchmark indices fell in early trade on Tuesday (October 29, 2024) amid continuous foreign fund outflows from the capital markets and largely muted earnings from corporates so far.

The BSE Sensex declined 322.24 points to 79,682.80 during the initial trade. The NSE Nifty went lower by 86.55 points to 24,252.60.

From the 30 Sensex pack, Bharti Airtel fell by nearly 3% even as the company reported a 168% year-on-year rise in consolidated net profit to ₹3,593 crore for the September quarter.

Mahindra & Mahindra, Sun Pharma, Tata Motors, JSW Steel, Infosys and IndusInd Bank were also among the laggards.

NTPC, ICICI Bank, Larsen & Toubro and Nestle were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,228.08 crore on Monday (October 28, 2024), according to exchange data.

“Caution prevails due to upcoming U.S. jobs data and the presidential election, alongside heavy FII outflows,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., said.

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

The U.S. markets ended in positive territory on Monday (October 28, 2024).

Global oil benchmark Brent crude traded 0.18% higher at $71.55 a barrel.

The BSE benchmark jumped 602.75 points or 0.76% to settle at 80,005.04 on Monday (October 28, 2024). The Nifty soared 158.35 points or 0.65% to 24,339.15.