Indian Market

December 31, 2024 10:49 AM

Indian shares open lower amid global weakness and valuation concerns

Domestic benchmark indices opened lower on Tuesday with selling pressure in IT, realty, auto, financial services, FMCG, media, and private bank sectors on the Nifty. At approximately 9:25 am, the Sensex was down 434.64 points (0.56%) at 77,813.49, while the Nifty fell 108.90 points (0.46%) to 23,536. Market sentiment was mixed. On the National Stock Exchange (NSE), 1,096 stocks advanced, while 1,040 declined. Market experts observed, "December has been a weak month for global equity markets. ...

October 29, 2024 10:40 AM

Nifty, Sensex open flat amid continued selling by FIIs

India’s benchmark indices opened flat on Tuesday amid continued selling pressure from foreign institutional investors (FIIs). The Nifty slipped 10.30 points, starting at 24,328.85, while the Sensex rose by 32 points to open at 80,037.20. On Monday, both indices gained despite FIIs offloading stocks worth Rs 3,228 crore. Market experts attributed the rally to increased buying from retail investors. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “An intere...

September 16, 2024 6:42 PM

Sensex-Nifty touch all-time high as PM Modi predicts historic win for BJP alliance

The consistent bull run in Indian stock indices - Sensex and Nifty -- continued through Thursday, and touched fresh highs yet again, reacting to Prime Minister Narendra Modi's assertion that BJP-led alliance is on track to form the government for a record third term. The prime minister also predicted that the margin of victory would be even broader. In an interview with the Economic Times, PM Modi said his party's election outcome will result in a record running streak on the country's stock e...

September 16, 2024 6:08 PM

Sensex, Nifty see second consecutive day of decline; Hero MotoCorp surges 4.6%, L&T dips 4.3%

The Indian stock market saw a downturn for the second day in a row on Thursday. The Sensex dropped by 0.64 percent to 73,003, while the Nifty fell by 0.61 percent to 22,162 as of 10:25 am. Hero MotoCorp emerged as the top performer with a significant surge of 4.6 percent. Following closely were M&M with a gain of 1.98% and Bajaj Auto with an uptick of 2.28%. Eicher Motors and Tata Motors also showcased positive momentum, registering gains of 0.78% and 1.05%, respectively. On the flip side,...