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 | 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
by admin | May 25, 2021 | Economy, Markets, News
Mumbai : Key Indian equity indices — the NSE Nifty50 and the BSE Sensex – traded on a flat-to-positive note during the mid-afternoon session on Thursday as investors remained cautious on the day of derivatives expiry.
According to market observers, a weak rupee and broadly negative global cues, too, capped gains.
However, healthy buying witnessed in consumer durables and oil and gas stocks kept the sentiments afloat.
Around 12.45 p.m., the wider 51-scrip Nifty of the National Stock Exchange (NSE) traded at 9,893.90 points — up 9.50 points or 0.10 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,685.44 points, traded at 31,659.36 points — up 12.90 points or 0.04 per cent from its previous close at 31,646.46 points.
The Sensex has so far touched a high of 31,722.41 points and a low of 31,551.85 points during the intra-day trade.
The BSE market breadth was bullish with 1,170 advances and 765 declines.
“The BSE Sensex opened lower on Monday against the previous session’s closing. The broader NSE’s Nifty, too, fell in the morning hours. The Indian rupee opened weaker against the US dollar,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.
“Shares of Wipro and Reliance rose, whereas the shares of NTPC and Sun Pharma fell. Reliance Industries gained 1 per cent after the company said it will make an offer for issuing non convertible debentures (NCDs) worth Rs 2,500 crore next week.”
On Wednesday, the benchmark indices surged on the back of positive global cues and healthy buying in metal, oil and gas, and banking stocks.
The Nifty50 closed at 9,884.40 points — up 88.35 points or 0.90 per cent, while the Sensex closed at 31,646.46 points — up 258.07 points or 0.82 per cent.
—IANS
