Indian benchmark indices ended in the red on Monday amid high volatility dragged by IT and energy stocks. Nifty settled at 24,668.25, falling by 100.05 points or 0.4%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,748.57, declining by 384.55 points or 0.47%. Commenting on the day’s action, Rupak De, Senior Technical Analyst at…
The Indian market ended in red on Thursday as a surge in rate-sensitive IT stocks due to the near-certainty of a U.S. rate cut next week was offset by a decline in almost all other sectors on caution ahead of domestic inflation data. The benchmark S&P BSE Sensex slipped 236.18 points or 0.3% to settle…
Indian benchmark indices closed flat on Wednesday, with gains in consumer and IT stocks, as market participants awaited key inflation data from U.S and India for cues into the rate trajectories of the two countries. The benchmark S&P BSE Sensex rose 16.09 points or 0.02% to settle at 81,526.14, while the broader Nifty 50 index…
European shares were subdued at the open on Friday on the back of mixed earnings results, while heavyweight luxury firms fell after Richemont’s results failed to impress. The pan-European STOXX 600 held firm at 509.9 points as of 0817 GMT, with healthcare leading subsector gains with a 1.1% rise, while basic resources lagged with a…
The S&P 500 rose to an all-time intraday high on Tuesday and was on track for a record close, lifted by investor confidence that the Federal Reserve is set to begin cutting interest rates, erasing the last of a deep selloff that lasted through late July and early August. The S&P 500 was last up…
Stock markets will take cues from trading activity of foreign investors and global trends this week with benchmark equity indices likely to face volatility amid the scheduled monthly derivatives expiry, analysts said. Moreover, factors such as the progress of monsoon and Brent crude oil would also dictate investors’ sentiment during the week. “This week, sector-specific…
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s…