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...

July 22, 2024 12:49 PM

Sensex, Nifty open lower ahead of Economic Survey and Union Budget

Indian benchmark indices declined in early trade on Monday, weighed down by selling pressure ahead of the Economic Survey later in the day and the Union Budget, which will be presented on Tuesday. Markets were also tracking Asian shares, which slid despite Wall Street futures gaining strength following President Joe Biden's decision to withdraw from the election race. The Nifty 50 index dropped 100 points to 24,430, while the BSE Sensex fell by 250 points to 80,391. Across the broader market,...

July 16, 2024 10:58 AM

Nifty hits all-time high in early trade

Indian benchmark indices rallied in early trade on Tuesday, with the Nifty rising 0.26 percent to touch an all-time high of 24,650.05. It later trimmed the gains and was trading at 24,628.40, up 0.17%, as of 10:10 am. The Sensex, meanwhile, advanced 0.17 percent to 80,803.40. Major gainers on the Nifty included Bharti Airtel, Adani Enterprises, Coal India, M&M, and Tata Steel. Shares of Dr. Reddy's Labs, Hero MotoCorp, L&T, Divis Labs, and Nestle India saw declines. "Technical analysi...

July 9, 2024 11:06 AM

Sensex, Nifty open higher; Maruti Suzuki shares surge

Indian benchmark indices gained in early trade on Tuesday, led by shares of Maruti Suzuki, which surged by more than 4 percent. The NSE Nifty 50 gained 0.14 percent to 24,354, while the BSE Sensex added 0.21 percent to 80,126 as of 10:30 AM. In the broader market, all indices, including Nifty 100, Nifty 200, Nifty Midcap, and Nifty Small Cap, opened on a positive note. The sectoral indices also indicated a positive trend, with all sector indices opening in the green. The top gainers of the d...

July 4, 2024 5:05 PM

Sensex closes above 80,000 for first time, Nifty at 24,302

The BSE Sensex and Nifty continued their upward trajectory on Thursday, reaching fresh lifetime highs. The Sensex added 62 points, or 0.08 percent, to close at 80,049, while the Nifty gained 15 points, or 0.06 percent, to 24,302. Both benchmarks hit record highs for the third session in a row. "The market sentiment was influenced by a positive bias in the rupee against the US Dollar, supported by weaker US economic data and increased global risk appetite. However, gains were capped by elevated...

July 2, 2024 11:03 AM

Sensex, Nifty hit fresh all-time high levels in early trade

Indian stock market opened at fresh all-time highs in Tuesday's trading session. Sensex surged to 79,840.40, climbing 364 points or 0.46%, while the Nifty hit 24,228.75, up 86 points or 0.36%. The Bank Nifty also opened strong, gaining 219 points or 0.42% to reach 52,079.3. Similarly, the Nifty Midcap 100 started the day at 56,462.70, rising by 170.20 points or 0.30%. HCL Technologies, Tata Consultancy Services, Infosys, Bharti Airtel, HDFC Bank, and Power Grid were the top gainers, while Tata ...

September 16, 2024 6:26 PM

Indian markets open flat, Nifty and Sensex maintain steady levels

The Indian stock markets started the first week of July on a calm note, with both major indices showing little change as they opened on Monday. The Nifty 50 index stayed above the 24,000 mark, trading at 24,022 after a slight gain of 14 points. Similarly, the BSE Sensex held steady above 79,000, opening with a modest increase of 40 points, reaching 79,086. "The second half of the year starts today after a strong market performance in H1 of Calendar year 2024. We expect large-cap strength with s...