The Indian Panorama

Tag: Sensex

  • Sensex, Nifty eke out gains to settle at fresh lifetime highs

    Sensex, Nifty eke out gains to settle at fresh lifetime highs

    Mumbai (TIP)- Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows.
    In a highly volatile trade, the 30-share BSE Sensex eked out gains of 33.40 points or 0.05 per cent to settle at a new closing peak of 74,119.39. During the day, it jumped 159.18 points or 0.21 per cent to reach an all-time high of 74,245.17.
    The Nifty rose by 19.50 points or 0.09 per cent to reach a new closing peak of 22,493.55. During the day, it climbed 51.6 points or 0.22 per cent to a record high of 22,525.65. Among the Sensex firms, Tata Steel, JSW Steel, Tata Motors, Bajaj Finserv, Bajaj Finance, Asian Paints, ITC and Nestle were the major gainers. Mahindra & Mahindra, Reliance Industries, Axis Bank, ICICI Bank and Power Grid were among the laggards. In Asian markets, Seoul settled in the green while Tokyo, Shanghai and Hong Kong ended lower. European markets were trading on a mixed note. The US markets ended in positive territory on Wednesday.
    Foreign Institutional Investors (FIIs) bought equities worth Rs 2,766.75 crore on Wednesday, according to exchange data.
    Global oil benchmark Brent crude dipped 0.65 per cent to USD 82.42 a barrel.
    The BSE benchmark jumped 408.86 points or 0.55 per cent to settle at a new record high of 74,085.99 on Wednesday. The Nifty climbed 117.75 points or 0.53 per cent to settle at a fresh closing peak of 22,474.05.

     

  • Amid optimistic trend in global markets, Sensex, Nifty hit record highs

    Benchmark equity indices Sensex and Nifty surged to all-time high levels in early trade on Friday, December 15, amid an optimistic trend in global markets after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year. Continuous foreign fund inflows into the equity markets also fuelled the rally in stocks.
    The 30-share BSE Sensex jumped 339.36 points to 70,853.56, its all-time high level, in early trade. The Nifty climbed 115.45 points to reach its record peak of 21,298.15.
    Among the Sensex firms, JSW Steel, Infosys, Tata Steel, HCL Technologies, Tata Consultancy Services, Sun Pharma, Tata Motors and Reliance Industries were the major gainers.
    Nestle, Axis Bank, Kotak Mahindra Bank and UltraTech Cement were among the laggards.

  • Stock markets snap seven-day winning run; Sensex falls 132 points

    Stock markets snap seven-day winning run; Sensex falls 132 points

    Mumbai (TIP)- Benchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday, December 7, due to profit taking by investors after recent sharp gains triggered by negative cues from Asian markets. The 30-share BSE Sensex fell 132.04 points, or 0.19 per cent, to close at 69,521.69. The gauge hit the lowest intra-day level of 69,320.53. Broader index Nifty also declined 36.55 points, or 0.17 per cent, to settle at 20,901.15. Analysts said crude oil prices in international markets failed to boost sentiment amid selling pressure from foreign institutional investors even as traders stayed on the sidelines ahead of RBI’s monetary policy decision. The Reserve Bank of India is expected to maintain the status quo on the interest rate in its bi-monthly monetary policy decision to be announced on Friday. Major laggards among Sensex constituents included Bharti Airtel, Hindustan Unilever, Tata Steel and ITC. Power Grid, UltraTech Cement, NTPC and Titan emerged as winners.
    As many as 17 shares of the 30-share Sensex ended the session in red, while 23 Nifty firms closed lower. According to Vinod Nair, Head of Research at Geojit Financial Services, the market took a breather as investors are in a wait-and-watch mode ahead of the monetary policy announcement.
    “A better-than-estimated Q2 GDP growth, ease in global oil prices and drop in global bond yield will be the silver lining for the MPC. However, the expectation of a rise in domestic November inflation, drop in Rabi cultivation and increase in foodgrain prices will influence RBI to adopt a cautious approach in the short-term,” he said.
    About the movement in Nifty, Rupak De, Senior Technical analyst at LKP Securities, said the index hovered within the bands of 20850-20950 as “sentiment remains somewhat cautious ahead of the RBI policy meet”.
    “The near-term trend remains sideways to weak as long as it stays below 21000, a psychologically crucial level. A decisive breakout above 21000 might induce a resumption of the uptrend. Until then, we anticipate weakness over the near term,” De said.
    Source: PTI