The Sensex eked out gains of 9.83 points, or 0.01%, to settle at 79,496.15 and the Nifty dipped marginally by 6.90 points, or 0.03%, to 24,141.30. File

Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday (November 11, 2024) as continuous Foreign Institutional Investors FII selling, disappointing quarterly earnings, and weak trends from Asian markets dented investor sentiment.

After gyrating between highs and lows, benchmark Sensex eked out gains of 9.83 points, or 0.01%, to settle at 79,496.15. The barometer gyrated 1,100.8 points, between the day’s high of 80,102.14 and a low of 79,001.34.

The NSE Nifty dipped marginally by 6.90 points, or 0.03%, to 24,141.30.

From the 30-share Sensex pack, Asian Paints tumbled over 8% after the company on Saturday (November 9, 2024) reported a 43.71% decline in consolidated net profit to ₹693.66 crore for the September quarter, impacted by soft-demand conditions, material price inflation, and a decline in decorative and coatings business in the domestic market.

Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards.

However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,404.04 crore on Friday (November 8, 2024), according to exchange data.

Prashanth Tapse, Senior VP (Research), Mehta Equities Limited, said, “Indian markets remain under pressure, largely due to relentless foreign investor selling.”

“The actions of FIIs are dominating the current market momentum, which is backed by a weak set of earnings and expectations from Trump policy. The risk of further downgrades in Nifty earnings casts clouds over investor sentiment, while the IT sector continued to outperform due to the strong U.S. dollar and in anticipation of a revamp in US IT spending,” Vinod Nair, Head of Research, Geojit Financial Services, said.

“India is also looking forward to the CPI data with a muted view as food prices are likely to be higher on a MoM basis, essentially forging RBI to hold the interest rates in the short term,” Mr. Nair added.

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

European markets were trading on a firm note. Wall Street ended in positive territory on Friday (November 8, 2024).

Global oil benchmark Brent crude declined 0.83% to $73.26 a barrel.

On Friday (November 8, 2024), the BSE benchmark gauge declined by 55.47 points, or 0.07%, to settle at 79,486.32. The Nifty dipped 51.15 points, or 0.21% to 24,148.20.

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.

Benchmark equity indices Sensex and Nifty ended on a flat note in a lacklustre trade on Monday (August 19, 2024), as investors preferred to remain on the sidelines awaiting further triggers.

Participants also booked profits in select blue-chip stocks amid high valuation concerns, according to experts.

In a range-bound trade, the 30-share BSE Sensex slipped 12.16 points or 0.02% to settle at 80,424.68. During the day, it hit a high of 80,724.40 and a low of 80,332.65.

The NSE Nifty edged up 31.50 points or 0.13% to 24,572.65 in a volatile trade.

Among the 30 Sensex firms, Mahindra & Mahindra, IndusInd Bank, Bharti Airtel, Axis Bank, Tata Motors and ICICI Bank were the biggest laggards.

In contrast, Tata Steel, Tata Consultancy Services, NTPC, JSW Steel, Asian Paints and Reliance Industries were gainers.

“The Indian market failed to catch up with the initial gains as there is a degree of profit booking witnessed in auto stocks due to a slowdown in demand,” said Vinod Nair, head of research, Geojit Financial Services.

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

European markets were trading mostly higher. The U.S. markets ended in positive territory on Friday.

“Markets began the week on a muted note and ended nearly flat, taking a breather after Friday’s surge. Following an initial uptick, the Nifty traded within a narrow range,” Ajit Mishra, SVP, research, Religare Broking Ltd., said.

Foreign Institutional Investors (FIIs) turned buyers on Friday (August 16, 2024) as they bought equities worth ₹766.52 crore, according to exchange data.

Domestic Institutional Investors (DIIs) bought equities worth ₹2,606.18 crore on Friday(August 16, 2024).

Global oil benchmark Brent crude dipped 0.82% to $79.03 a barrel.

The BSE benchmark jumped 1,330.96 points or 1.68% to settle at 80,436.84 on Friday (August 16, 2024), marking its best single-day gains in more than two months. The NSE Nifty surged 397.40 points or 1.65% to settle at a two-week high of 24,541.15.