The 30-share BSE Sensex climbed 290.46 points to 80,809.80 in early trade. The NSE Nifty rallied 95.85 points to hit a new record peak of 24,598. File.
| Photo Credit: ANI

Equity benchmark indices rallied in early trade on July 15, with the Nifty hitting its new all-time high and the Sensex climbing 290 points, helped by buying in IT stocks and fresh foreign fund inflows.

A rally in global markets also added to the optimistic trend in equities.

The 30-share BSE Sensex climbed 290.46 points to 80,809.80 in early trade. The NSE Nifty rallied 95.85 points to hit a new record peak of 24,598.

Among the Sensex pack, HCL Technologies climbed over 3 per cent after the IT services company on Friday posted a 20.4% rise in consolidated net profit to ₹4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5% for FY25 on GenAI diversification and strong operational execution.

UltraTech Cement, Tata Motors, Maruti, NTPC, Mahindra & Mahindra, Tata Consultancy Services and Kotak Mahindra Bank were among the other major winners.

Tata Steel, Asian Paints, Power Grid and Axis Bank were among the laggards.

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

US markets ended in positive territory on Friday.

Foreign Institutional Investors (FIIs) bought equities worth ₹4,021.60 crore on Friday, according to exchange data.

Global oil benchmark Brent crude climbed 0.20% to $85.20 a barrel.

The BSE benchmark jumped 622 points or 0.78% to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points or 1.24% to hit an all-time high of 80,893.51.

The NSE Nifty surged 186.20 points or 0.77% to settle at a record closing high of 24,502.15.

The BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64 on Tuesday. File.
| Photo Credit: PTI

Equity benchmark indices declined after hitting their fresh record high levels in early trade on July 10 amid weak global market trends.

The 30-share BSE Sensex climbed 129.72 points to hit a new all-time high of 80,481.36 during the opening trade. But, soon the benchmark retreated and declined 207.47 points to 80,144.17.

The NSE Nifty also hit its fresh lifetime high of 24,461.05 in opening deals but pared all the gains and dipped 49.6 points to 24,383.60.

Among the Sensex pack, Mahindra & Mahindra, JSW Steel, Kotak Mahindra Bank, Axis Bank, State Bank of India and ICICI Bank were the biggest laggards.

Maruti, Adani Ports, NTPC and Bharti Airtel were among the winners.

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

US markets ended on a mixed note on Tuesday.

Global oil benchmark Brent crude declined 0.24% to $84.46 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 314.46 crore on Tuesday, according to exchange data.

The BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64 on Tuesday.

The NSE Nifty went up by 112.65 points or 0.46% to 24,433.20 — its record closing high.

Mixed cues from Asian markets added to the muted trend in domestic equities. File.
| Photo Credit: PTI

Equity benchmark indices declined in early trade on July 8 as investors opted to book profits after the recent record rally in equities.

Mixed cues from Asian markets also added to the muted trend in domestic equities.

After beginning the trade on a weak note, the 30-share BSE Sensex further declined 204.39 points to 79,792.21. The NSE Nifty dipped 40.75 points to 24,283.10.

Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards.

Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers.

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

US markets ended with gains on Friday.

In a volatile session on Friday, the broader NSE Nifty continued its record-breaking run and inched up 21.70 points or 0.09 per cent to close at its lifetime high of 24,323.85. The BSE benchmark, however, dropped 53.07 points or 0.07 per cent to settle at 79,996.60.

Global oil benchmark Brent crude dipped 0.09 per cent to USD 86.46 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday, according to exchange data.

In the past four trading days, the BSE benchmark jumped 2,033.28 points or 2.63%. File.
| Photo Credit: ANI

Market benchmarks Sensex and Nifty halted their three-day record-hitting rally to close with losses on June 28 as investors booked profit in banking, finance and tech stocks despite a positive trend in global equities.

Snapping a four-session winning run, equity indices succumbed to selling pressure after mid-session when profit-taking emerged on few counters.

After hitting fresh all-time high level in early trade, the 30-share index declined 210.45 points or 0.27% to settle at 79,032.73. During the day, it jumped 428.4 points or 0.54% to hit a fresh record peak of 79,671.58.

The Nifty went lower by 33.90 points or 0.14% to 24,010.60. During the day, it climbed 129.5 points or 0.53% to hit a new lifetime high of 24,174.

The Sensex breached the historic 79,000 mark on Thursday and the Nifty hit the 24,000 level for the first time in intra-day trade.

In the past four trading days, the BSE benchmark jumped 2,033.28 points or 2.63%.

Among the 30 Sensex companies, IndusInd Bank, Axis Bank, ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, Maruti, JSW Steel and Bajaj Finserv were among the laggards.

In contrast, Reliance Industries, Tata Motors, Asian Paints, Nestle and Titan were the biggest gainers.

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

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

Foreign Institutional Investors (FIIs) bought equities worth ₹7,658.77 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.89% to $87.16 a barrel.

The BSE benchmark jumped 568.93 points or 0.72% to settle at a new closing peak of 79,243.18 on Thursday.

The Nifty ended at a fresh record high of 24,044.50, rising 175.70 points or 0.74%.

Men watch stock news on a display screen as Sensex opens. File.
| Photo Credit: ANI

Benchmark equity indices jumped in late morning trade on June 7, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth time in a row, in line with market expectations.

Buying in IT stocks added to the positive trend in markets.

The 30-share BSE Sensex jumped 907.43 points to 75,981.94 during the late morning trade. The NSE Nifty went up by 260.95 points to 23,082.35.

Interest rate-sensitive bank, realty and auto stocks were trading with gains.

In the past two days, the BSE benchmark surged 2,995.46 points or 4.15% after Tuesday’s massive rout.

The Reserve Bank of India (RBI) on Friday decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain a tight vigil on inflation.

Announcing the second bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%.

Among the 30 Sensex companies, Wipro, Infosys, Tech Mahindra, Bajaj Finserv, Tata Steel and Tata Consultancy Services were among the biggest gainers.

Maruti, IndusInd Bank, Hindustan Unilever and ITC were the laggards.

In Asian markets, Seoul quoted with gains while Tokyo, Shanghai and Hong Kong traded lower.

US markets ended on a mixed note on Thursday.

Global oil benchmark Brent crude climbed 0.26% to $80.08 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,867.72 crore on Thursday, according to exchange data.

Regaining the 75,000 level, the BSE benchmark jumped 692.27 points or 0.933% to settle at 75,074.51 on Thursday. The Nifty climbed 201.05 points or 0.89% to 22,821.40.

A man watches the display screen as Sensex opens in Mumbai.
| Photo Credit: ANI

Benchmark equity indices Sensex and Nifty began the trade on a buoyant note on June 6, continuing to rally for the second day running, after leaders of the BJP-led National Democratic Alliance (NDA) unanimously elected Narendra Modi as their leader.

Extending its previous day’s sharp rally, the 30-share BSE Sensex jumped 696.46 points to 75,078.70 in early trade. The NSE Nifty climbed 179.15 points to 22,799.50.

Among the 30 Sensex companies, NTPC, State Bank of India, Power Grid, Tata Steel, Tech Mahindra and HCL Technologies emerged as the biggest gainers.

Hindustan Unilever, Nestle, Sun Pharma and Asian Paints were among the laggards.

Leaders of the NDA unanimously elected Narendra Modi as their leader on Wednesday.

Mr. Modi is all set to take charge as the prime minister for a historic third consecutive term with the NDA winning 293 seats in the Lok Sabha polls.

In Asian markets, Tokyo and Hong Kong traded with gains while Shanghai quoted lower.

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

“As the market comes back to normalcy after the abnormal volatility of the last three days, the global construct has turned favourable with rising possibility of rate cuts by the Fed. Clear signs of weakening labour market in the US has led to a sharp decline in the US bond yield to 4.29 per cent,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Even though this is favourable for foreign capital inflows, the FIIs continue to sell on high valuations in India, particularly in comparison to the cheap valuations of Chinese stocks, he added.

“In the near term we have political stability but political developments will continue to weigh on markets,” Vijayakumar said.

Global oil benchmark Brent crude climbed 0.38% to $78.71 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹5,656.26 crore on Wednesday, according to exchange data.

Bouncing back from Tuesday’s debacle, the BSE Sensex jumped 2,303.19 points or 3.20% to settle at 74,382.24 on Wednesday. The Nifty climbed 735.85 points or 3.36% to 22,620.35.

All the 30 Sensex companies were trading in the green. Power Grid, NTPC, State Bank of India, Larsen & Toubro, Mahindra & Mahindra, IndusInd Bank and Axis Bank were the biggest gainers from the Sensex pack.
| Photo Credit: Reuters

Investors’ wealth jumped ₹12.48 lakh crore in morning trade on June 3 as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls.

The 30-share BSE Sensex jumped 2,777.58 points or 3.75% to hit a record peak of 76,738.89 in early trade.

Also read | GDP growth surges to 8.2% on manufacturing gains

Following the huge rally in equities, the market capitalisation of BSE-listed companies climbed ₹12,48,952.68 crore to hit an all-time peak of ₹4,24,61,833.82 crore ($5.10 trillion) during the morning trade.

Exit polls on June 1 predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls. The counting of votes will take place on June 4.

“The exit poll numbers are very strong for the incumbent government,” Narendra Solanki, Head Fundamental Research – Investment Services, Anand Rathi Shares and Stock Brokers, said.

“Overall it’s positive for the markets in short as well as long term. Also, the recent released good GDP growth data should provide support to existing positive momentum,” he added.

India’s economy grew by 8.2% in the fiscal year that ended in March, cementing the country’s position as the fastest-growing major economy in the world.

“The GDP numbers which came on Friday were better-than-expected with 8.2% growth. This will provide fundamental support to the market,” said V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Also read | How do markets look at election results?

All the 30 Sensex companies were trading in the green. Power Grid, NTPC, State Bank of India, Larsen & Toubro, Mahindra & Mahindra, IndusInd Bank and Axis Bank were the biggest gainers from the Sensex pack.

In Asian markets, Seoul, Tokyo and Hong Kong were quoting with gains while Shanghai traded lower. The U.S. markets ended mostly higher on May 31. Foreign Institutional Investors (FIIs) bought equities worth ₹1,613.24 crore on Friday, according to exchange data.

File.
| Photo Credit: Reuters

Benchmark equity indices Sensex and Nifty closed lower on May 28 in highly volatile trade, extending their losing run to the third day in a row as investors opted for profit-taking amid uncertainty ahead of the results of Lok Sabha polls.

After gyrating between gains and losses during the day, the 30-share BSE Sensex finally ended 220.05 points or 0.29% lower at 75,170.45. During the day, it hit a high of 75,585.40 and a low of 75,083.22.

The NSE Nifty dropped 44.30 points or 0.19% to settle at 22,888.15 despite beginning the day on a positive note.

From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards.

Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.

“The Indian market exhibited mild consolidation post the recent sharp surge. The uncertainty-led volatility is likely to continue as the market approaches the election outcome,” Vinod Nair, Head of Research, Geojit Financial Services said.

Sensex and Nifty hit lifetime high levels on Monday following gains in select auto, banking and IT shares. However, investors booked profits towards the end of the trade dragging the indices into the negative.

Analysts said mid- and small-caps underperformed, while defensive sectors like pharma and FMCG were optimistic.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading on a mixed note.

US markets were closed on Monday for the Memorial Day holiday.

Global oil benchmark Brent crude climbed 0.13% to $83.21 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹541.22 crore on Monday, according to exchange data.

India’s core monsoon zone covering most of the rain-fed agriculture areas in the country is likely to receive above-normal rainfall this season, the IMD said on Monday.

The BSE benchmark ended lower by 19.89 points or 0.03% at 75,390.50 on Monday. Intra-day, the barometer climbed 599.29 points or 0.79% to an all-time peak of 76,009.68.

The Nifty declined by 24.65 points or 0.11% to end at 22,932.45. The 50-issue barometer climbed 153.7 points or 0.66% to hit a new lifetime high of 23,110.80 during the day.

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| Photo Credit: PTI

Equity benchmark indices climbed in early trade on May 14 amid buying in Reliance Industries, State Bank of India and as retail inflation eased to an 11-month low of 4.83% in April.

The 30-share BSE Sensex climbed 225.92 points to 73,002.05 in early trade. The NSE Nifty went up by 78.65 points to 22,182.70.

From the Sensex basket, JSW Steel, Power Grid, NTPC, Mahindra & Mahindra, Reliance Industries and State Bank of India were the major gainers.

Nestle, Asian Paints, Axis Bank and ITC were among the laggards.

Retail inflation eased to an 11-month low of 4.83% in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to government data released on Monday.

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

Wall Street ended on a mixed note on Monday.

Global oil benchmark Brent crude climbed 0.12% to $83.46 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,498.92 crore on Monday, according to exchange data.

Recovering from early lows, the BSE benchmark ended higher by 111.66 points or 0.15% at 72,776.13 on Monday. The NSE Nifty climbed 48.85 points or 0.22% to 22,104.05.

BSE SENSEX on May 6, 2024
| Photo Credit: PTI GRAPHICS

Benchmark Sensex closed almost flat in a range-bound trade on Monday as investors booked profits in index heavyweights amid high valuation concerns.

The 30-share BSE Sensex edged up 17.39 points or 0.02% to settle at 73,895.54. The barometer hit a high of 74,359.69 and a low of 73,786.29.

The broader NSE Nifty declined 33.15 points or 0.15% to close at 22,442.70.

From the Sensex basket, Kotak Mahindra Bank jumped 5% 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, Hindustan Unilever, Mahindra & Mahindra, Sun Pharma, Tech Mahindra and IndusInd Bank were among the other major gainers.

Titan tanked 7 per cent after its March quarter earnings failed to cheer investors.

State Bank of India, NTPC, Power Grid, Bajaj Finance and Larsen & Toubro were the other laggards.

The domestic indices traded in a range-bound manner, said Vinod Nair, Head of Research, Geojit Financial Services.

“The broader indices also witnessed major selling pressure due to valuation concerns and profit-booking,” he added.

“Today, the benchmark indices witnessed lacklustre activity – the Nifty ends 33 points lower while the Sensex was up by 17 points,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.

In the broader market, the BSE smallcap gauge declined 1.06 per cent, midcap index dipped 0.95 per cent.

Consumer durables tanked 3.85 per cent, services declined 1.95%, utilities (1.76%), power (1.26%), industrials (0.80%) and commodities (0.78%).

Healthcare, IT, auto, realty and teck were the gainers.

Aditya Gaggar Director of Progressive Shares said that a steep correction in PSU stocks put pressure on the index to trade lower. A vertical fall in the Mid and Smallcaps dented the market sentiments further however, select FMCG, IT, and Pharma counters supported the market, he added.

Global oil benchmark Brent crude climbed 0.80% to $83.62 a barrel.

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

In Asian markets, Shanghai and Hong Kong settled in the positive territory. Japan and South Korea’s markets were closed for the holidays.

European markets were trading with gains. 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”.

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

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.