Tag: NSE Nifty

Sensex plunges over 500 points in opening session; Nifty below 14,400 – Times of India

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NEW DELHI: Equity indices plunged in opening trade on Friday with the benchmark BSE sensex falling over 500 points.
The 30-share BSE index fell 536 points or 1.09 per cent and was trading at 48,681; while the broader NSE Nifty was down 181 or 1.24 per cent at 14,377.
ONGC, L&T, Bajaj Finance, Maruti, M&M, Titan and SBI were the major losers in the sensex pack falling as much as 4.05 per cent.
While Kotak Bank, Bharti Airtel and PowerGrid were the only stocks trading in green.
On the NSE, all sub-indices were trading in red with Nifty Realty, PSU Bank and Auto falling up to 3.40 per cent.
The BSE benchmark has lost 2,062.99 points or 4 per cent in five trading sessions. On Thursday, the 30-share BSE benchmark tanked 585.10 points or 1.17 per cent to close at 49,216.52.
Following the bearish trend, the market capitalisation of BSE-listed companies declined by Rs 8,04,216.71 crore to Rs 2,01,22,436.75 crore in five days.
“Indian market has been in a corrective phase for the past 10 days due factors like high bond yields in the US and increased number of Covid cases being reported across the country,” Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services told news agency PTI.

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Sensex falls 562 points dragged by metal, financial stocks; Nifty ends below 14,750 – Times of India

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NEW DELHI: Equity indices plunged for the fourth straight session on Wednesday with benchmark BSE sensex falling over 550 points dragged by banking, metal and financial stocks.
The 30-share BSE index fell 562 points or 1.12 per cent to close at 49,802; while the broader NSE Nifty settled 189 points or 1.27 per cent to finish at 14,721.
Top losers in the sensex pack included ONGC, Sun Pharma, SBI, NTPC, Bajaj Auto and IndusInd Bank with their shares falling as much as 4.78 per cent.
While ITC, Infosys, HDFC and TCS were the only stocks that finished up to 1.20 per cent higher.
On the NSE platform, sub-indices Nifty PSU Bank, Realty and Metal falling up to 3.77 per cent.
According to experts, investors turned cautious tracking tepid global cues ahead of the US Federal Reserve’s policy outcome.
“Clearly, mounting concerns with regards to higher inflation, bond yields and a recent spike in new Covid-19 cases in select states have weighed on investors’ sentiments,” Binod Modi Head-Strategy at Reliance Securities told news agency PTI.
“Outcome of Fed policy meeting will equally be important for domestic markets in the near term as this can potentially influence FPIs flows into equities and INR. However, India continues to remain as the most preferred destination for investors on better growth prospects,” he added.
Besides, India is also dealing with a fresh surge in Covid-19 cases, with daily infections jumping by 28,903 on Wednesday, the highest increase since December 13 last year.
A rise in bond yields has also limited gains for the domestic indices this month to about 3 per cent, compared to a 6.6 per cent jump in February.
“The RBI may have to do a fine balancing act to keep the bond yields at lower levels while managing the government’s borrowing program,” Rahul Sharma, market strategist and head of research at Equity99 told news agency Reuters.
Globally, US equities finished marginally lower ahead of the FOMC meeting outcome.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market on Tuesday as they bought shares worth Rs 1,692.31 crore, as per exchange data.
(With inputs from agencies)

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sensex today: Sensex, Nifty slip for third day; financial stocks drag – Times of India

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MUMBAI: Equity benchmarks sensex and Nifty gave up early gains to end marginally lower on Tuesday, tracking losses in financial stocks despite a firm trend in global markets.
A weakening rupee and selling by foreign investors also weighed on Dalal Street, traders said.
Falling for the third session on the trot, the 30-share BSE sensex ended 31.12 points or 0.06 per cent lower at 50,363.96. The broader NSE Nifty slipped 19.05 points or 0.13 per cent to close at 14,910.45.
L&T was the top loser in the sensex pack, shedding 1.56 per cent, followed by ICIC Bank, SBI, HDFC Bank, HDFC, Axis Bank, Kotak Bank and Bajaj Finserv.
On the other hand, Asian Paints, Dr Reddy’s, HUL, HCL Tech, TCS and UltraTech Cement were among the gainers, spurting up to 4.87 per cent.
Domestic equities gave up initial gains and traded flat towards the final hours of the day despite favourable cues from global equities, said Binod Modi – Head Strategy at Reliance Securities.
“Financials once again dragged the markets. Notably, IT stocks were in focus today mainly on expectations of sustained earnings momentum in 4QFY21E and benefits from possible fall in INR.
“In our view, increasing concerns with regards to resurgence of Covid-19 cases in various parts of the country and resulted restrictions could be a near term risk for domestic markets. Additionally, volatile bond markets and soaring inflation will continue to weigh on investors’ sentiments,” he added.
BSE bankex, finance, metal, realty and capital goods indices fell up to 1.03 per cent, while IT, teck, telecom and FMCG ended on a positive note.
Broader BSE midcap and smallcap indices rose up to 0.40 per cent.
World stocks were in the positive terrain ahead of the meeting of the US Federal Reserve and other central banks, with investors wagering on a continuation of dovish policy measures.
In rest of Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended in the green.
Stock exchanges in Europe were also trading with gains in mid-session deals.
Meanwhile, the global oil benchmark Brent crude was trading 1.61 per cent lower at $67.77 per barrel.
The rupee pared its initial gains and depreciated 9 paise to settle at 72.55 against the US dollar.
Foreign institutional investors were net sellers in the capital markets as they offloaded shares worth Rs 1,101.35 crore on Monday, according to exchange data.

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sensex today: Sensex falls over 600 points in opening trade; Nifty below 15,000 – Times of India

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NEW DELHI: Equity indices plunged in morning trade on Monday with the benchmark BSE sensex falling over 600 points, dragged mainly by banking stocks as nine bank unions called for a two-day nationwide strike.
The 30-share BSE index fell 680 points or 1.33 per cent to trade at 50,115; while the broader NSE Nifty was trading 204 points or 1.36 per cent lower at 14,827.
SBI, Axis Bank, M&M, Bajaj Finserv, Bajaj Auto and Bajaj Finance were the top losers in the sensex pack falling as much as 2.18 per cent.
PowerGrid and Tech Mahindra were the only two shares trading in green.
On the NSE platform, sub-indices Nifty Media, Bank and Private Bank fell up to 2.53 per cent.
Banking stocks plunged amidst reports that operations across the country could be impacted as United Forum of Bank Unions (UFBU) called for a two-day nationwide strike.
The strike has been called to protest against the proposed privatisation of two state-owned lenders.
Services such as deposits and withdrawal at branches, cheque clearance and loan approvals could be affected due to the strike.
Meanwhile, broader global markets were trading higher, as investors bet on a faster economic recovery after the signing of a $1.9 trillion US stimulus bill into law last week.

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