Benchmark Sensex and Nifty closed marginally down in a volatile session on July 11, 2024. File
| Photo Credit: PTI

Benchmark Sensex and Nifty closed marginally down in a volatile session on July 11 as investors booked profits in heavyweights ahead of the announcement of key financial results for the June quarter.

Retreating from early highs, the 30-share BSE Sensex closed lower by 27.43 points or 0.03% at 79,897.34. The index climbed 245.32 points to hit a high of 80,170.09 in early trade but later lost momentum due to selling in index heavyweights. The barometer hit a day’s low of 79,464.38, down by 460.39 points from the last close.

The NSE Nifty edged down 8.50 points or 0.03% to settle at 24,315.95. The broader index gyrated between a high of 24,402.65 and a low of 24,193.75 in day trade.

“The main indices are trading in a narrow range, struggling to justify its premium valuation ahead of the Q1 earnings season, which is forecast to be subdued,” Vinod Nair, Head of Research, Geojit Financial Services said.

Among Sensex shares, Bajaj Finance, Mahindra & Mahindra, Sun Pharma, Nestle, NTPC, Power Grid, NTPC, UltraTech Cement and Larsen & Toubro were the biggest laggards.

The prominent gainers were ITC, Tata Motors, Asian Paints and Titan.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher. European markets were trading in positive territory. U.S. markets ended significantly higher on Wednesday.

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

Global oil benchmark Brent crude climbed 0.21% to $85.26 a barrel.

The BSE benchmark closed lower by 426.87 points or 0.53% at 79,924.77 on Wednesday. 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 Wednesday.

The Sensex breached the historic 80,000 mark for the first time ever and the Nifty hit a fresh record peak of 24,292.15 on July 3, 2024.
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on July 4, following buying in market heavyweights ICICI Bank, Infosys and TCS amid a largely positive trend in global equities.

The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors at record levels. Sensex closed 62.87 points or 0.08% higher at 80,049.67, its all-time closing high.

The broader Nifty also hit an intra-day record high of 24,401 in early trade before closing almost flat. The 50-issue index rose by 15.65 points or 0.06% to settle at a record 24,302.15 with 23 of its shares closing higher and 27 with losses.

“The defensive bet on large caps like IT and pharma gained momentum due to the diminishing U.S. inflationary pressure, improvement in QoQ earnings outlook and a resultant sharp fall in the U.S. 10-year bond yield.

“The buoyancy in government spending and the green shoots in corporate earnings are now supporting the premium valuation. Return of FIIs to the domestic market and expectation of a rate cut in September are supporting market sentiment,” Vinod Nair, Head of Research at Geojit Financial Services, said.

Among Sensex shares, HCL Technologies, ICICI Bank, Tata Motors, Sun Pharmaceuticals, Tata Consultancy Services, Infosys, Kotak Mahindra Bank and Mahindra and Mahindra were the gainers.

In contrast, HDFC Bank, Bajaj Finance, Larsen & Toubro, Tech Mahindra, UltraTech Cement and IndusInd Bank were among the laggards.

Analysts said that stock markets traded within a narrow range and ended nearly unchanged.

“The Nifty has approached its immediate target of 24,500 and appears slightly overextended. It would be prudent to take some profits and wait for a potential dip before considering new long positions in the index,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.

In the broader market, the BSE Smallcap gauge jumped 0.62% and the midcap index climbed 0.60%.

Among the indices, healthcare soared by 1.17%, IT jumped by 1.12%, tech by 0.98 %, auto by 0.88% and telecommunication rose by 0.73%.

However, consumer durables fell by 0.22%, FMCG (0.15%), financial services (0.13%), and Oil & Gas (0.02%).

A total of 2,185 stocks advanced while 1,742 declined and 94 remained unchanged on the BSE.

As many as 23 Nifty shares advanced, 27 declined on the exchange.

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

European markets were trading in the green territory in mid-session deals.

U.S. markets ended higher on Wednesday during the shortened trading session. Stock exchanges will remain closed on Thursday on account of Independence Day.

Global oil benchmark Brent crude fell 0.52% to $86.89 a barre.

Foreign Institutional Investors (FIIs) bought equities worth ₹5,483.63 crore on Wednesday, according to exchange data HG MR

The 30-share BSE Sensex declined 222.02 points to 73,792.53 on April 2, 2024. File
| Photo Credit: Reuters

Benchmark equity indices declined in early trade on April 2, halting their three days of rally, on profit-taking amid weak trends from the U.S. markets and foreign fund outflows.

The 30-share BSE Sensex declined 222.02 points to 73,792.53. The NSE Nifty dipped 47.65 points to 22,414.35.

Later, the benchmark indices faced volatile trends and were trading with marginal gains.

From the Sensex basket, ICICI Bank, Tata Consultancy Services, Wipro, Infosys, Bajaj Finance, and Asian Paints were the major laggards.

IndusInd Bank, HDFC Bank, Tata Steel and Titan were among the gainers.

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

Wall Street ended mostly lower on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹522.30 crore on Monday, according to exchange data.

Global oil benchmark Brent crude climbed 0.48% to $87.84 a barrel.

“Profit-taking may come into play due to excessive optimism, subdued U.S. market close in overnight trades, and FIIs turning net sellers in Monday’s positive session,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said in his pre-opening market comment.

Extending its winning momentum to the third day in a row on Monday, the BSE benchmark jumped 363.20 points or 0.49% to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81% to hit the record intra-day high of 74,254.62.

The NSE Nifty climbed 135.10 points or 0.61% to 22,462. During the day, it jumped 203.05 points or 0.90% to hit the all-time peak of 22,529.95.

The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. File

Equity benchmark indices Sensex and Nifty hit their fresh record peaks in early trade on March 7 amid a firm trend in the U.S. markets and foreign fund inflows.

The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. The Nifty went up by 49.6 points to 22,523.65.

However, later the markets turned volatile and both the benchmark indices were trading between highs and lows.

Among the Sensex firms, JSW Steel, Tata Steel, Bajaj Finance, Bajaj Finserv, Asian Paints and State Bank of India were the major gainers.

Mahindra & Mahindra, Infosys, Axis Bank and ICICI Bank were among the laggards.

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

The U.S. markets ended in the positive territory on Wednesday.

Foreign Institutional Investors (FIIs) bought equities worth ₹2,766.75 crore on Wednesday, according to exchange data.

“There are some distinct trends in the market now. One, largecaps are outperforming mid and smallcaps. Two, Bank Nifty is emerging stronger led by private sector majors like ICICI Bank, Axis Bank and Kotak Bank. Three, regulatory action on some NBFCs have impacted sentiments in the entire NBFC space, which, in turn, is improving sentiments in the high quality private banking space,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude dipped 0.13% to $82.85 a barrel.

The BSE benchmark jumped 408.86 points or 0.55% to settle at a new record high of 74,085.99 on Wednesday. The Nifty climbed 117.75 points or 0.53% to settle at a fresh closing peak of 22,474.05.

The 30-share BSE Sensex climbed 177.73 points to 73,983.88 in early trade on March 4, 2024. 
| Photo Credit: ANI

Equity benchmark indices climbed in early trade on March 4, with the Nifty hitting its fresh all-time high level, amid a rally in global markets.

Optimistic investors’ sentiment after impressive GDP data has propelled rally in the equity markets.

The 30-share BSE Sensex climbed 177.73 points to 73,983.88 in early trade. The Nifty hit its all-time high level of 22,440.90.

Among the Sensex firms, NTPC, Power Grid, Bharti Airtel, IndusInd Bank and Maruti were the biggest gainers.

JSW Steel, Tata Steel, Titan and Mahindra & Mahindra were among the laggards.

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

The US markets ended with gains on Friday.

In a special trading session on Saturday, the BSE benchmark Sensex climbed 60.80 points or 0.08% to reach its all-time closing high of 73,806.15. The Nifty went up by 39.65 points or 0.18% to settle at a new closing high of 22,378.40.

Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.

Global oil benchmark Brent crude climbed 0.11% to $83.64 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹81.87 crore on Saturday, according to exchange data.

Among the Sensex firms, Tata Steel, Tata Motors, JSW Steel, Wipro, ITC and Asian Paints were the major gainers. Mahindra & Mahindra, NTPC, Maruti and UltraTech Cement were among the laggards. File
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on March 2, extending their previous day’s sharp rally, amid impressive GDP data and foreign fund inflows.

Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.

The special live trading session had an intra-day switch over from Primary Site (PR) to Disaster Recovery (DR) site.

The 30-share BSE Sensex climbed 60.80 points or 0.08% to reach its all-time closing high of 73,806.15. During the trade, the benchmark reached its record peak of 73,994.70, up 249.35 points or 0.33%.

The Nifty went up by 39.65 points or 0.18% to settle at a new closing high of 22,378.40. During the day, it hit the lifetime peak of 22,419.55, up 80.8 points or 0.36%.

The market capitalisation of BSE-listed companies reached its all-time peak of ₹394.06 lakh crore. There were two trading sessions — the first from 9.15 a.m. to 10 a.m. on the PR, and the second from 11.30 a.m. to 12.30 p.m. on the DR site, exchanges had announced earlier.

“Trading members are requested to note that the exchange will conduct a special live trading session with intra-day switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday, March 2, in equity and equity derivatives segments,” BSE and NSE said in separate circulars.

Among the Sensex firms, Tata Steel, Tata Motors, JSW Steel, Wipro, ITC and Asian Paints were the major gainers. Mahindra & Mahindra, NTPC, Maruti and UltraTech Cement were among the laggards.

India’s economy grew by better-than-expected 8.4% in the final three months of 2023 — the fastest pace in one-and-half years. The U.S. markets ended with gains on March 1.

“India’s manufacturing sector growth climbed to a five-month high in February amid a sharper uptick in factory production and sales, supported by both domestic and external demand,” a monthly survey said on March 1.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.5 in January to 56.9 in February, pointing to the strongest improvement in the health of the sector since September 2023.

“Foreign Institutional Investors (FIIs) bought equities worth ₹128.94 crore on Friday,” according to exchange data. In the broader market, the BSE smallcap gauge climbed 0.70% and the midcap index went up by 0.67%.

Among the indices, metal jumped 1.44%, consumer durables climbed 0.95%, realty (0.90%) and healthcare (0.75%), emerging as the major gainers. Bankex emerged as the only laggard.

The BSE benchmark jumped 1,245.05 points or 1.72% to finish at 73,745.35 on Friday. The Nifty climbed 355.95 points or 1.62% to settle at 22,338.75.

The 30-share BSE Sensex climbed 93.51 points to 72,398.39 in early trade on February 29, 2024. 
| Photo Credit: ANI

Equity benchmark indices climbed in early trade on February 29 but later faced volatile trends amid sluggish global market cues and the scheduled monthly derivatives expiry.

The 30-share BSE Sensex climbed 93.51 points to 72,398.39 in early trade. The Nifty went up by 12.55 points to 21,963.70. Both benchmark indices were encountering volatility later.

Among the Sensex firms, Reliance Industries, Maruti, Titan, Mahindra & Mahindra, IndusInd Bank and State Bank of India were the major gainers.

Hindustan Unilever, Power Grid, Axis Bank and Kotak Mahindra Bank were among the laggards.

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

The U.S. markets ended marginally lower on Wednesday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,879.23 crore on Wednesday, according to exchange data.

The BSE benchmark fell by 790.34 points or 1.08% to settle at 72,304.88 on Wednesday. The Nifty slumped 247.20 points or 1.11% to settle at 21,951.15.

“The market has suddenly turned unpredictable amidst high volatility. The volatility will continue today, too, being the last day of the monthly expiry,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude declined 0.17% to $83.54 a barrel.

The 30-share Sensex on February 19, 2024, rose 23.96 points or 0.03% to 72,450.60 points, with 16 constituents trading in the green.
| Photo Credit: Reuters

Sensex and Nifty gained marginally in early trade on February 19 as investors seemed to be looking for firm cues amid mixed trends in the Asian markets.

The 30-share Sensex rose 23.96 points or 0.03% to 72,450.60 points, with 16 constituents trading in the green. Bharti Airtel and Bajaj Finance climbed over 1%.

The broader Nifty inched up 32.35 points or 0.15% to 22,073.05 points and 26 scrips in the index were in the positive territory.

Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian shares got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood, though investors are hoping China markets return from holiday with a spring in their step.

U.S. market will be closed on Monday on account of President’s Holiday. On Friday, U.S. stocks closed in the red, with all three major indices logging weekly losses, as investors assessed inflation readings and company earnings.

The key domestic equity indices have made gains in the last four trading sessions, with Sensex rising 376.26 points to close at 72,426.64 points on Friday while Nifty climbed 129.95 points to end the day at 22,040.70 points.

On Friday, Foreign Portfolio Investors (FPIs) were net buyers as they purchased securities worth ₹253.28 crore, according to exchange data.

Mr. Jasani also said that the U.S. stock market appears resilient in the face of hotter-than-anticipated inflation readings.

“Fourth-quarter earnings have come in a lot better than expected. Although U.S. inflation in January, as measured by the consumer-price index and producer-price index, was stronger than Wall Street expected, the trend is lower,” he added.

The 30-share BSE Sensex fell 241.79 points or 0.36% to settle at 67,596.84. File
| Photo Credit: Reuters

Benchmark stock indices Sensex and Nifty declined on September 18 after a record-breaking rally in line with weak trends in global markets and caution ahead of the U.S. Federal Reserve’s interest rate decision.

Snapping its 11-day rally, the 30-share BSE Sensex fell 241.79 points or 0.36% to settle at 67,596.84. During the day, it declined by 305.8 points or 0.45% to a low of 67,532.83.

The broader Nifty declined 59.05 points or 0.29% to end at 20,133.30.

Among the Sensex firms, HDFC Bank, Bharti Airtel, Infosys, UltraTech Cement, Tata Steel, Wipro, Kotak Mahindra Bank, Reliance Industries, Tech Mahindra and JSW Steel were the major laggards.

Power Grid, Titan, Mahindra & Mahindra and NTPC were among the gainers.

Vinod Nair, Head of Research at Geojit Financial Services, said, “Domestic markets relinquished their momentum as they anticipated a raft of policy rate decisions due this week.

“The investor’s confidence was also impacted by the expectations of a demand resurgence in China, combined with crude supply cuts. With the Fed rate hike fears back on the cards, as reflected in the elevated U.S. bond yields, the markets await clarification from major central banks.

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

European markets were trading lower. The U.S. markets ended in negative territory on Friday.

Global oil benchmark Brent crude climbed 0.39% to $94.30 a barrel.

Foreign Institutional Investors (FIIs) were buyers on Friday as they bought equities worth Rs 164.42 crore, according to exchange data.

Rallying for the 11th day running on Friday, the BSE benchmark had jumped 319.63 points or 0.47% to settle at a record closing of 67,838.63. During the day, it rallied 408.23 points or 0.60% to hit its fresh all-time intra-day high of 67,927.23.

The Nifty went up by 89.25 points or 0.44% to end at its all-time closing high of 20,192.35. During the day, it advanced 119.35 points or 0.59% to hit its lifetime intra-day peak of 20,222.45.