by admin | May 25, 2021 | Banking, Economy, Markets, News
Mumbai : Healthy macro-economic industrial production data, along with broadly positive Asian markets buoyed the key Indian equity indices — the BSE Sensex and the NSE Nifty 50 — during the mid-afternoon trade session on Wednesday.
According to market observers, brisk buying was witnessed in healthcare, banking and oil and gas stocks.
At 12.35 p.m. the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) traded at 10,114.25 points — up 21.20 points or 0.21 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,188.95 points, traded at 32,283.36 points — up 124.70 points, or 0.39 per cent, from its previous close at 32,158.66 points.
The Sensex has so far touched a high of 32,287.55 points and a low of 32,137.71 points during intra-day trade.
“The BSE Sensex and the broader NSE Nifty were trading higher on the back of positive Asian markets and slight improvement in industrial production as shown by the IIP data which was released yesterday,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
—IANS
by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Positive global cues on the back of easing geo-political tensions, coupled with healthy buying in capital goods, banking and automobile stocks, lifted key Indian equity indices — the BSE Sensex and the NSE Nifty50 — during the mid-afternoon trade session on Monday.
Index heavyweights like Larsen and Toubro, Maruti Suzuki, HDFC Bank, Hindustan Unilever and Coal India, among others, aided the indices in their bull run, said market observers.
The wider 51-scrip Nifty50 of the National Stock Exchange (NSE) reclaimed the 10,000-mark, which was breached on July 25 for the first time.
At 1.15 p.m., the Nifty50 traded at 10,010.35 points — up 75.55 points or 0.76 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,798.31 points, traded at 31,893.17 points — up 205.65 points, or 0.65 per cent, from its previous close at 31,687.52 points.
The Sensex has so far touched a high of 31,926.74 points and a low of 31,797.89 points during intra-day trade.
The BSE market breadth was bullish — with 1,536 advances and 926 declines.
“The benchmark indices opened higher on Monday tracking positive signals from Asian markets after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another missile. The Indian rupee opened marginally lower against the US dollar,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“Shares of gas distribution companies gained after the government renegotiated the pricing of liquefied natural gas (LNG) imported from Australia’s Gorgon project to save more than Rs 10,000 crore, which has shown positive impact on all the listed oil and gas stocks,” he added.
On Friday, the benchmark indices closed on a flat note — marginally in the green — buoyed by a strong rupee and good buying activities in capital goods stocks.
The Nifty50 was up 4.90 points, or 0.05 per cent, to close at 9,934.80 points, while the Sensex closed at 31,687.52 points — up 24.78 points, or 0.08 per cent.
—IANS
by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Key Indian equity indices — the NSE Nifty50 and the BSE Sensex — traded on a flat note during the mid-afternoon session on Thursday on the back of broadly positive Asian markets and healthy buying in automobile, metal and healthcare stocks.
Around 12 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) was up 12.25 points, or 0.12 per cent, to trade at 9,928.45 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,738.74 points, traded at 31,677.34 points — up 15.37 points, or 0.05 per cent, from its previous close at 31,661.97 points.
The Sensex has so far touched a high of 31,814.96 points and a low of 31,666.70 points during intra-day trade.
The BSE market breadth was bullish with 1,421 advances and 878 declines.
“The markets opened higher taking lead from Asian markets and Wall Street after US President Donald Trump and congressional leaders agreed to raise the government debt limit until December, eliminating the risk of a government shutdown for now,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“The Indian rupee strengthened marginally against the US dollar. The shares of Coal India, Adani Ports, ICICI Bank rose, whereas the shares of NTPC and HDFC Bank fell.”
On Wednesday, the benchmark indices were pulled lower by negative global cues, coupled with heavy selling pressure in index heavyweights like Sun Pharma and ITC and substantial outflow of foreign funds.
The Nifty50 fell by 36 points, or 0.36 per cent, to close at 9,916.20 points, while the Sensex closed at 31,661.97 points — down 147.58 points, or 0.46 per cent.
—IANS
by admin | May 25, 2021 | Banking, Economy, Markets, News
Mumbai : Negative Asian markets on the back of escalating geo-political tensions and heavy selling pressure in banking and auto stocks dragged key Indian equity indices — the NSE Nifty50 and the BSE Sensex — lower by almost one per cent each during the mid-afternoon trade session on Monday.
Around 12.40 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) fell by 79.60 points, or 0.80 per cent, to trade at 9,894.80 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,932.20 points, traded at 31,658.18 points — down 234.05 points or 0.73 per cent from its previous close at 31,892.23 points.
The Sensex has so far touched a high of 31,932.20 points and a low of 31,560.32 points
The BSE market breadth was bearish with 1,724 declines and 725 advances.
“Indian equity benchmark indices edged lower in opening deals led by losses in pharma heavyweights Lupin, Sun Pharma and Dr. Reddy’s Labs,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“Markets are back in the grip of a bear hug after North Korea’s nuclear bomb test on Sunday fanned the flames of geopolitical tensions. Stocks across Asia tumbled as investors rushed to safe haven assets,” he added.
On Friday, the benchmark indices closed on a higher note on hopes of a policy rate cut by the Reserve Bank of India (RBI) and broadly positive global cues.
The Nifty50 rose by 56.50 points, or 0.57 per cent, to close at 9,974.40 points, while the Sensex closed at 31,892.23 points — up 161.74 points or 0.51 per cent.
—IANS
by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Broadly positive global cues and healthy buying in automobile, metal and healthcare stocks lifted the key Indian equity indices — the NSE Nifty50 and the BSE Sensex — on Friday.
According to market observers, the S&P BSE automobile index rose by almost 2 per cent on the back of healthy automobile sales data reported for last month.
The wider 51-scrip Nifty50 of the National Stock Exchange (NSE) rose by 56.50 points, or 0.57 per cent, to provisionally close (at 3.30 p.m.) at 9,974.40 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,769.34 points, closed at 31,892.23 points — up 161.74 points or 0.51 per cent from its previous close at 31,730.49 points.
The Sensex touched a high of 31,944.10 points and a low of 31,707.27 points during intra-day trade.
The BSE market breadth was bullish with 1,592 advances and 994 declines.
On Thursday, the benchmark indices pared losses to close in the green, supported by short covering in consumer durables, automobile and oil and gas stocks and positive European markets.
The Nifty50 closed at 9,917.90 points — up 33.50 points or 0.34 per cent — while the Sensex closed higher by 84.03 points or 0.27 per cent at 31,730.49 points.
—IANS
