September 16, 2024 3:25 PM

Sensex, Nifty surge as global markets rebound

Indian stock markets opened on a positive note Thursday, riding the wave of a global market rally triggered by easing inflation in the United States. The benchmark Nifty 50 index surged 0.57% or 141.20 points to 25,059.65, while the BSE Sensex climbed 0.5% or 407 points to 81,930.18 at the opening bell. This upbeat start comes in response to the latest US inflation data, which showed a moderation in August. The cooling inflation has fueled expectations of potential Federal Reserve rate cuts at...

September 11, 2024 4:51 PM

Sensex, Nifty decline on profit booking

India's benchmark indices closed lower on Wednesday, weighed down by profit booking and broad declines across key sectors such as media, metals, PSU banks, real estate, and oil and gas. The Sensex fell 398.13 points, or 0.49%, to 81,523.16, while the Nifty dropped 122.65 points, or 0.49%, ending at 24,918.45. "The domestic market experienced a minor consolidation, mirroring trends in Asian peers due to falling commodity prices," said Vinod Nair, Head of Research at Geojit Financial Services. ...

September 10, 2024 4:34 PM

Indian markets close higher following global rally

Indian equity indices surged on Tuesday, buoyed by positive global cues and fresh foreign fund inflows. The Nifty 50 rose by 104.70 points, closing at 25,041.10, while the Sensex climbed 361.75 points to 81,921.29. Top gainers at the National Stock Exchange (NSE) included Divis Lab, LTIMindtree, Bharti Airtel, Wipro, and HCL Tech. On the other hand, HDFC Life Insurance, SBI Life Insurance, Bajaj Finserv, Shriram Finance, and Bajaj Finance were among the top decliners. Throughout the trading da...

September 9, 2024 5:35 PM

Indian markets rebound: Sensex gains 376 points, Nifty approaches 24,950

Indian markets rebounded after a three-day losing streak on Monday, with the Nifty closing near 24,950. The Sensex rose by 375.61 points, or 0.46%, ending at 81,559.54. Meanwhile, the Nifty gained 84.20 points, or 0.34%, closing at 24,936.40. The session saw 1,576 shares advance, while 2,300 declined, and 130 remained unchanged. Leading the gains on the Nifty were Hindustan Unilever (HUL), Shriram Finance, ICICI Bank, ITC, and Britannia Industries. On the other hand, ONGC, Tech Mahindra, Hinda...

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...