by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Key Indian equity indices — the BSE Sensex and NSE Nifty50 — traded on a flat note with marginal gains during the mid-afternoon session on Thursday, with healthy buying in healthcare and banking stocks.
However, profit booking in metal and oil and gas stocks capped gains.
Around 1.15 p.m., the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) was up 5.20 points, or 0.05 per cent to trade at 10,084.50 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,289.26 points, traded at 32,218.49 points — up 32.08 points, or 0.10 per cent, from its previous close at 32,186.41 points.
The Sensex has so far touched a high of 32,328.61 points and a low of 32,187.20 points during the intra-day trade.
The BSE market breadth was slightly bullish — with 1,254 advances and 1,216 declines.
On Wednesday, the benchmark indices closed on a flat-to-negative note, as profit booking eroded investors’ risk-taking appetite.
Consequently, the NSE Nifty 50 closed at 10,079.30 points — down 13.75 points or 0.14 per cent, whereas BSE Sensex closed at 32,186.41 points — up only 27.75 points, or 0.09 per cent.
—IANS
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 : 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
by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Key Indian equity indices — the NSE Nifty50 and the BSE Sensex — on Thursday closed on a flat-to-positive note as short covering in healthcare stocks, coupled with positive European markets and a strong rupee, kept investors’ sentiments afloat.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) closed fractionally higher by 4.55 points or 0.05 per cent at 9,857.05 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,673.44 points, provisionally closed at 31,596.06 points — up 28.05 points or 0.09 per cent from the previous close at 31,568.01 points.
The Sensex touched a high of 31,678.19 points and a low of 31,546.05 points during the intra-day trade.
The BSE market breadth was bullish with 1,452 advances and 1,119 declines.
In terms of the broader markets, the S&P BSE mid-cap index rose by 0.80 per cent, and the small-cap index by 0.46 per cent.
“Benchmark indices traded flat on Thursday following Asian markets, which shrugged off comments from US President Donald Trump about a shutdown of his government if the US Congress fails to fund a Mexico border wall,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
“Investors also kept a close eye on a central banking conference in Jackson Hole, Wyoming, which begins (later) on Thursday, where Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are both due to speak,” Desai added.
On the currency front, the Indian rupee strengthened by 7-8 paise to 64.03-04 to a US dollar from its previous close at 64.11.
In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) sold scrips worth Rs 696.93 crore, while domestic institutional investors (DIIs) purchased stocks worth Rs 1,044.38 crore.
“After opening on a positive note today, the Nifty failed to display upside momentum and remained within a small range of 32 points through the day. Highlight for the day was outperformance of pharma stocks,” said Deepak Jasani, Head of Retail Research, HDFC Securities, told IANS.
“Sectorally, most of the sectors of the broader markets moved up marginally except NSE pharma which rose sharply. European indices like FTSE 100, DAX and CAC 40 traded higher,” he added.
Sector-wise, the S&P BSE healthcare index surged by 326.98 points, followed by capital goods index by 90 points and the IT index by 68.42 points.
On the other hand, the S&P BSE FMCG index fell by 23.67 points, the oil and gas index by 17.93 points, and the realty index by 17.50 points.
Major Sensex gainers on Thursday were: Lupin, up 3.87 per cent at Rs 991.75; Sun Pharma, up 3.10 per cent at Rs 483.30; Dr. Reddy’s Lab, up 2.88 per cent at Rs 2,087.90; Cipla, up 2.47 per cent at Rs 573.40; and Infosys, up 2.01 per cent at Rs 912.50.
Major Sensex losers were: Adani Ports, down 1.32 per cent at Rs 379.95; Bajaj Auto, down 1.04 per cent at Rs 2,731.85; Reliance Industries, down 0.88 per cent at Rs 1,567.40; HDFC, down 0.73 per cent at Rs 1,750; and Hindustan Unilever, down 0.72 per cent at Rs 1,178.95.
The Indian equity markets will remain closed on Friday on account of Ganesh Chaturthi.
—IANS
