stock market

October 17, 2024 5:14 PM

Sensex, Nifty slips amid weak global sentiments and geopolitical tensions

India's stock market closed lower on Thursday, with major indices witnessing sharp declines due to weak global sentiment and concerns over India's economic outlook. The BSE Sensex dropped 494.75 points, or 0.61%, to settle at 81,006.61, while the NSE Nifty fell by 221.45 points, or 0.89%, to close at 24,749.85. The market's decline was widespread, as only 9 out of the 50 Nifty-listed companies managed to post gains, while 41 saw losses. Among the top gainers were Infosys, Tech Mahindra, Power G...

October 6, 2024 11:51 AM

Foreign investors sold stocks worth Rs 27,142 crore in just three trading session in October: NSDL

The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums. In just the first three trading sessions of the month, FPIs have sold equities worth ₹27,142 crore, according to data from the National Securities Depository Limited (NSDL). The most significant sell-off occurred on October 4, when FPIs offloaded equities worth ₹15,506 crore, marking a sharp decline in investor confidence. ...

August 28, 2024 10:59 PM

Festive demand and anticipated rate cuts expected to propel stock market: Prabhudas Lilladher

Expectations of strong demand during the festive season, a revival in rural spending, and potential interest rate cuts later this fiscal year are set to bolster stock markets, according to the latest "India Strategy" report by brokerage firm Prabhudas Lilladher. Despite increased volatility amid a worsening geopolitical landscape, both Nifty and Sensex have maintained their upward momentum over the past month. The report suggests that normal monsoons have fueled hopes of a demand surge during t...

June 27, 2024 1:39 PM

Sensex, Nifty soar to new record highs

The BSE Sensex surged past the 79,000 mark and the NSE Nifty crossed 24,000 for the first time on Thursday, setting new records in intraday trading. The Sensex soared 470.71 points to reach 79,159.89, while the Nifty rose 164.10 points to 24,032.90. The day began with a mild setback as the stock market opened flat, initially showing marginal declines following a record-high close in the previous trading session. The Sensex opened 94.13 points lower at 78,580.12, while the Nifty began at 23,84...

June 20, 2024 6:01 PM

Stock market closes in green after flat opening

The stock market ended in positive territory on Thursday after a tepid start, buoyed by gains in key sectors and a favourable global economic climate. The BSE Sensex rose by 172.75 points, closing at 77,478.93, while the NSE Nifty edged up by 62.85 points to settle at 23,578.85. The trading session began on a flat note but picked up momentum as the day progressed. Among the Nifty companies, 28 recorded gains while 21 saw declines, reflecting a broadly positive sentiment across the market. The...

June 5, 2024 5:09 PM

Stock market revives and closes above Friday’s high

Indian stock markets experienced a significant surge of over 3 percent by the closing session on Wednesday, bouncing back from the losses incurred during the election results. The NSE Nifty 50 index soared by 3.36 percent, settling at 22,620.35, while the BSE Sensex saw a robust increase of 3.20 percent, closing at 74,382.24. Both indices surpassed their closing levels from the previous Friday, when the Nifty index closed at 22,531 points. On the day of the election results, the Nifty had plun...