Tag: sensex today

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 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 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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Top Stocks for Investors on March 18

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The stock market on Wednesday, March 17, gave a negative closing for the fourth consecutive session where the BSE Sensex fell below the 50,000 mark, while the NSE Nifty stood below 14,800. The indices on Thursday, March 18, on the contrary are likely to give a positive start as at 7:10 am the SGX Nifty was trading at 172.00 points or 1.16 percent higher at 14,943.50. On March 17, The BSE Sensex shed 562.34 points or 1.12 percent to close at 49,801.62. Similarly, the NSE Nifty fell 189.15 points or 1.27 percent to settle the day at 14,721.30.

Top stock to look for the day:

IRCTC: Indian Railway Catering and Tourism Corporation has informed that there has been no major impact of terminations of mobile catering contracts in the FY 2020-21.

Indian Oil Corporation: A joint venture has been formed by the company with Israel’s Phinergy to manufacture Aluminum Air systems in India and recycle used Aluminum to strengthen India’s energy security.

Punjab National Bank: A subsidiary PNB Cards and Services has been incorporated by the bank to undertake the non-financial support services related to the credit card business of the bank.

HFCL: An order worth Rs 221.16 crore has been bagged by the optical fibre cable manufacturer HFCL from Uttar Pradesh Metro Rail Corporation.

Bharat Heavy Electricals: BHEL has informed that the company has emerged as the lowest bidder for the Rs 10,800 crore fleet mode tender floated by the Nuclear Power Corporation of India (NPCIL) for the 6×700 MW Turbine Island package projects.

HPCL: Shuchi Anant Virya has partnered with HPCL to set up a pan-India network of public electric vehicle charging points at its retail outlets.

SBI Cards and Payment Services: 4.25 percent stake has been divested by CA Rover Holdings in SBI Cards and Payment Services for Rs 3,943 crore.

Indian Metals and Ferro Alloys: ICRA has upgraded the credit rating on the company’s long-term and short-term loan facilities from the banks, informed Indian Metals and Ferro Alloys.

Union Bank of India: To offer online trading services to its customers the bank has partnered with retail brokerage house SMC Global Securities.

Bajaj Finance: On March 19, officials of the company will interact with Columbia Threadneedle Investments and on March 22 with Arohi Asset Management and ICICI Prudential Mutual Fund.

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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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Top Stocks for Investors on March 17

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Following Tuesday’s negative closing trend of stock market amid high volatility for the third consecutive session, the indices on Wednesday are expected to give a flat opening as the SGX Nifty was trading at 23.50 points or 0.16 percent higher at 14,995.50 at 7:31 am. The BSE Sensex had shed 31.12 points or 0.062 percent to close at 50,363.96 on Tuesday. Similarly, the NSE Nifty fell 19.05 points or 0.13 percent to settle the day below 15,000 mark at 14,910.45.

Top stock to look for the day:

State Bank of India (SBI): A penalty of Rs 2 crore has been imposed by the Reserve Bank of India on the SBI over deficiencies in regulatory compliance.

Vedanta: Open offer price has been raised by Vedanta Resources PLC for buying Vedanta’s shares to Rs 235 per share and offer size to 651 million shares representing a 17.5 percent stake in the company.

BPCL: Second interim dividend of Rs 5 per share for FY21 has been declared by the company and the record date for the dividend is March 27.

Karur Vysya Bank: According to the information provided by the company promoter S Nirupama has pledged 40,000 shares of the company with Bajaj Finserv on March 12, 2021.

Apollo Tyres: A new range of tyres has been launched by the company for the fast-growing compact SUV segment.

Godrej Properties: Rs 3,750 crore has been raised by the company through the sale of shares to institutional investors to expand the business and support future growth.

Shriram City Union Finance: The issue of secured rated listed redeemable principal-protected market-linked (PP-MLD) non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each, summing up to 5,000 NCDs amounting to Rs 500 crore has been approved by the Banking and Securities Management Committee of the company on March 16, 2021.

Asian Hotels (West): Saurabh Kirpal who is an Independent Non-Executive Director of the company has submitted his resignation with effect from March 15, 2021, according to the information provided by the company in a regulatory filing.

PNB Gilts: The credit ratings of “ICRA A1+” and “CRISIL A1+” have been reaffirmed by rating agencies ICRA and CRISIL on March 16, 2021, respectively.

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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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Stocks slip as COVID-19 cases rise, inflation worries flare

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Indian shares ended lower on Monday, as COVID-19 cases surged again and government data showed that retail inflation rose to a three-month high in February.

The NSE Nifty 50 index closed 0.67% lower at 14,929.50, while the benchmark S&P BSE Sensex ended down 0.78% at 50,395.08. Both indices fell as much as 1.9% and 1.96%, respectively, earlier in the session.

India is grappling with a renewed surge in COVID-19 cases, led mainly by a jump in infections in Maharashtra. The country reported this year’s biggest daily rise in cases of 26,291 on Monday. India is the third-worst affected country with 11.39 million cases, behind the United States and Brazil. Government data after market hours on Friday showed retail inflation quickened to 5.03% in February on higher fuel prices, which could challenge the central bank’s accommodative stance. Core inflation was estimated in a range of 5.61%-5.9% by four economists.

In domestic trading, financial stocks were the biggest drag. The Nifty Bank Index and the Nifty Financial Services Index shed 0.88% and 1.24%, respectively. HDFC Bank was the top drag on the Nifty 50, falling 1.5%.

Information technology stocks provided some support to the main indices later in the session, helping them recoup some losses. The Nifty IT index gained 0.56%, with Tech Mahindra rising 2.3% and providing the biggest boost to the Nifty 50.

Global shares were trading higher, as investors bet on a faster economic recovery after a $1.9 trillion U.S. stimulus bill was signed into law last week.

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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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