Tag: Sensex news

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 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 rises over 450 points in opening trade; Nifty above 14,850 – Times of India

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NEW DELHI: Equity indices jumped higher in opening session on Thursday with benchmark BSE sensex rising over 450 points, amid positive global cues.
The 30-share BSE index rose 472 points or 0.95 per cent to trade at 50,273; while the broader NSE Nifty was up 134 points or 0.91 per cent at 14,856.
Top gainers in the sensex pack included Bajaj Finance, ONGC, Maruti, M&M, L&T and ICICI Bank with their shares rising as much as 2.49 per cent.
On NSE, except Nifty IT, all other sub-indices were trading in green with Nifty Metal, Auto and Media up as much as 1.83 per cent.
Shares of Vodafone Idea jumped 2.54 per cent after data showed that the telecom operator added customers to its network for the first time in 15 months in January.
Globally, the US central bank’s decision to keep interest rates near zero sent Asian shares higher with the MSCI’s broadest index of Asia-Pacific shares outside Japan adding nearly 1 per cent.

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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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