Tag: sensex close

Sensex jumps 642 points as FMCG, metal stocks rise; Nifty settles above 14,700 – Times of India

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NEW DELHI: Snapping its five-day losing streaks, equity indices jumped higher on Friday with benchmark BSE sensex rising nearly 650 points led by gains in FMCG and metal stocks.
In a volatile session, the 30-share BSE sensex recovered from early falls to finish 642 points or 1.30 per cent higher at 49,858; while the broader NSE Nifty settled 186 points or 1.28 per cent higher at 14,744.
Top gainers in the sensex pack included Hindustan Unilever, NTPC, Reliance, PowerGrid, Ultra Cemco and ITC with their shares rising as much as 4.47 per cent.
While Tech Mahindra, L&T, Bajaj Auto, Maruti and Titan were the major losers falling up to 1.22 per cent.
On the NSE platform, sub-indices Nifty FMCG, Metal, PSU Bank and Pharma gaining as much as 2.43 per cent.
According to experts, a pullback in US treasury yields from 14-month highs hit overnight, eased some fears over foreign fund outflows from emerging markets.
“There is some easing in US 10-year bond yields after hitting a peak. That has added to the risk appetite of traders who were looking to buy into the dips,” Anand James, chief market strategist at Geojit Financial Services told news agency Reuters.
Domestic indices were on track to post a drop of roughly 3 per cent for the week after two straight weeks of gains. As of Thursday’s close, both the Nifty and Sensex were off roughly 5 per cent from their record closing highs hit in mid-February.
The surge in coronavirus cases in the country weighed on investor sentiments during the entire week. India reported 39,276 cases on Friday, its highest daily rise since late November.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,258.47 crore, as per exchange data.
(With inputs from agencies)

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Sensex slips 585 points dragged by IT, financial stocks; Nifty settles at 14,557 – Times of India

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NEW DELHI: Equity indices slipped for the fifth straight session on Thursday with benchmark BSE sensex falling nearly 600 points, dragged by IT, financial and pharma stocks.
The 30-share BSE index dropped 585 points or 1.17 per cent to close at 49,217; while the broader NSE Nifty settled 163 points or 1.11 per cent lower at 14,557.
HCL Tech, Infosys, Dr Reddy, Reliance, TCS, Tech Mahindra and Kotak Bank were the top losers in the sensex pack with their shares falling up to 3.40 per cent.
While ITC, Bajaj Auto, Bharti Airtel, M&M and Maruti were the major winners rising as much as 3.25 per cent.
On NSE, sub-indices Nifty IT, Pharma and PSU Bank fell up to 3.09 per cent.
According to experts, domestic markets reversed course as US bond yields surged following the Federal Reserve’s decision to maintain its dovish stance, sparking a sell-off.
“US 10-year yields are now up to 1.72 per cent, its highest since January last year and it is tough to ignore sentiment from the bond market which is spilling over to equity markets,” Amit Kumar Gupta, portfolio manager, Adroit Financial Services Pvt Ltd told news agency Reuters.
Markets have fallen every day so far this week as a fresh surge in domestic Covid-19 cases and rising US bond yields hurt risk appetite of investors.
India reported its highest rise in daily Covid-19 cases in more than three months on Thursday with 35,817 new cases.
Meanwhile, foreign institutional investors (FIIs) were net buyers in the capital market on Wednesday as they bought shares worth Rs 2,625.82 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 Zooms 1,148 Points, Nifty Tops 15,200; Financials Steal the Show

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Continuing their winning run for the third session in a row, the BSE Sensex surged nearly 1,148 points to breach the 51,000-level and the NSE Nifty recaptured the 15,200-mark on Wednesday, propped up by intense buying in financial and energy stocks. At the closing bell, the 30-share Sensex was up 1,147.76 points or 2.28 per cent at 51,444.65 – the biggest single-day rise since February 2. Intra-day, the index swung 1,243 points.

Likewise, the NSE Nifty climbed 326.50 points or 2.19 per cent to end at 15,245.60. The Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. Of the 30 Sensex constituents, 27 closed in the green. Foreign investors had bought equities worth Rs 2,223.16 crore on net basis in Indian capital markets on Tuesday, exchange data showed.

Elsewhere in Asia, stock markets extended gains on Wednesday despite an overnight retreat on Wall Street. Meanwhile, Brent Futures rose by 1.84 per cent to trade at $63.77 per barrel. On the forex market front, the rupee rose by 65 paise to end at 72.72 against the US dollar.



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