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September 3, 2024 5:15 PM

Sensex, Nifty end flat as investors await U.S. economic data

India’s benchmark indices ended flat on Tuesday, following record highs in the previous session. Investors are awaiting the U.S. ISM manufacturing survey due later in the day and jobs data on Friday, which are expected to influence the U.S. Federal Reserve's decision on potential rate cuts. The BSE Sensex fell by 4.40 points, or 0.01 percent, to close at 82,555.44. The Nifty 50, on the other hand, inched up by 1.10 points to 25,279.80. Market breadth was fairly balanced with 1,909 stocks adv...

August 27, 2024 4:45 PM

Sensex, Nifty end flat as global indices lose momentum

India's benchmark indices ended nearly flat on Tuesday, reflecting a day of mixed performance and volatility. Investors exercised caution as tensions in the Middle East dampened global indices, which had previously rallied on hopes of an imminent rate cut by the U.S. Federal Reserve. The Sensex closed slightly higher, gaining 13.65 points to reach 81,711.76, while the Nifty added 7.20 points to end at 25,017.80. The market witnessed a broad-based movement with 2,036 shares advancing, 1,746 sha...

August 23, 2024 5:06 PM

Indian stocks settle steady; markets now await Fed chair’s Jackson Hole address

The Indian stock market closed the week on a steady note after a volatile trading session, as investors remained cautious ahead of Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole Economic Policy Symposium. In the final minutes before the market closed, BSE Sensex recorded a slight uptick of 80.12 points, settling at 81,133.31, while the Nifty rose by 11.70 points to end at 24,823.20. Over the course of the week, the Sensex gained 0.7%, and the Nifty saw a 0.9% increase...

August 19, 2024 5:14 PM

Indian stock indices witness a steady start to a new week; Sensex-Nifty largely flat

The Indian stock market started the week on a steady note, with the benchmark indices Sensex and Nifty closing nearly unchanged on Monday. Early trading showed promise, buoyed by the government's reduction of windfall tax on crude oil and positive global cues. However, the market lost steam by the end of the session. The Sensex ended the day slightly lower, dropping 12 points to close at 80,425, while the Nifty edged up by 31 points to settle at 24,573. Among sectoral indices, Nifty Bank declin...

August 16, 2024 5:08 PM

Markets close week on a high note: Sensex soars 1,330 points, Nifty jumps 397 points

Indian stock markets ended the week on a high, with the NSE Nifty 50 and the BSE Sensex recording impressive gains on Friday. The Nifty 50 climbed by 397.40 points, or 1.65%, closing at 24,541.15. Meanwhile, the Sensex saw a robust increase of 1,330.96 points, or 1.68%, ending the day at 80,436.85. Major contributors to this rally included banking giants ICICI Bank and HDFC Bank, which together accounted for nearly 25 per cent of the day's total gains. Additionally, tech heavyweights such as T...

August 16, 2024 3:00 PM

Sensex crosses 80,000 mark; Nifty up 350 points amid global stock rally

Indian stock markets surged on Friday, with both key indices gaining over 1% by midday, driven by a global stock rally and robust performances in key sectors such as IT and real estate. The Sensex soared by 953 points, or 1.24%, reaching a new milestone of 80,075 points. The Nifty 50 also made gains, rising 295 points, or 1.22%, to 24,445 points. The sharp uptick in Nifty IT and Nifty Realty, both of which surged over 2%, contributed to the market's upward momentum. Other major sectoral indices...

August 9, 2024 4:14 PM

Indian indices rebound: Sensex jumps 820 points, Nifty above 24,350

The Indian equity markets made a strong recovery on August 9, erasing the losses from the previous session, as buying activity intensified across all sectors. The benchmark indices, Sensex and Nifty, both recorded a 1.04% gain by the close of trading. The BSE Sensex surged by 819.69 points to settle at 79,705.91, while the NSE Nifty rose by 250.50 points, ending the day at 24,367.50. The market opened on a positive note, buoyed by encouraging global cues, and maintained its upward momentum thro...

August 8, 2024 5:32 PM

Sensex and Nifty dip as RBI maintains unchanged repo rate at 6.5%

Indian equity markets closed on a weak note following the Reserve Bank of India's (RBI) decision to keep the policy repo rate unchanged at 6.5%. The benchmark indices opened lower and continued to trade in negative territory throughout the day.   The BSE Sensex ended the session down 582 points, or 0.75%, at 78,873, while the NSE Nifty 50 fell 180 points, or 0.81%, to close at 24,100.50.    Despite the broader market downturn, some stocks managed to close in the green. HDFC Life, Tata Mot...

August 5, 2024 2:55 PM

Sensex declines on Monday: a review of the five largest drops

India's benchmark stock index, opened with a sharp decline on Monday. This isn't the first time the index has experienced such drops, often triggered by major global and domestic economic events. Here, we take a look at the five biggest intraday falls in the history of the Sensex. 1. June 4, 2024: Post-Election Uncertainty The most recent decline occurred on June 4, 2024. On this day, the Sensex saw one of its steepest drops, plummeting to an intraday low of 70,234.43 points. The market had op...

July 25, 2024 12:06 PM

Indian stock market opens with major cuts following weak global cues

Indian stock market opened sharply lower on Thursday, following global market trends. The BSE Sensex opened 606.77 points lower, or 0.76%, at 79,542.10. The Nifty 50 at the National Stock Exchange (NSE) fell by 182.50 points, or 0.75%, to 24,232.00. The Nifty Midcap index also dropped, opening at 56,439.80, down 433 points, or 0.76%. Similarly, the Nifty Bank index opened lower at 50,762.30. Sectoral indices at NSE, including Bank, Financial Services, FMCG, IT, Metal, Pharma, PSU Banks, Priva...

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