Indian benchmark indices snapped their five-session winning streak on Friday in a highly volatile trading session, after the Reserve Bank of India (RBI) cut the cash reserve ratio by 50 basis points to ease liquidity conditions, kept interest rates unchanged, and lowered the GDP growth projection. The benchmark S&P BSE Sensex declined by 56.74 points,…
The markets closed with gains for the third week in a row as the key indices posted gains while extending their technical rebound. The Nifty had a trending week; it trended higher most of the week. The volatility was largely absent, but the Indices stayed quite choppy on most days except the last day, where…
Amid a weak Q2 earnings season, foreign institutional investors (FIIs) sold stocks worth around Rs 26,000 crore in November but the pace of selling slowed down as compared to Rs 94,000 crore in October. “FIIs continued their selling spree in November, too. A perplexing feature of the recent FII activity is their highly erratic nature….
The BJP-led Mahayuti alliance stormed to a thumping win in India’s richest state of Maharashtra after a disappointing show in the general elections last year. The victory was decisive as the alliance bagged 235 of the 288 seats in the state, a mandate that experts say will be beneficial for the state’s overall development, which…
Indian benchmark Nifty 50 snapped a seven-day losing streak on Tuesday, led by gains in HDFC Bank and Mahindra & Mahindra. Analysts attributed the rise in both benchmarks to a short-term relief rally after shares recently slipped into correction territory. The NSE Nifty 50 rose 0.28% to 23,518, ending its longest losing streak since February…
Over the past five sessions, the Nifty largely consolidated but did so with a bearish undertone. The Nifty traded in a defined range and closed the week with a modest gain.Importantly, the index also stayed below its crucial resistance points. The volatility also expanded; the India VIX surged higher by 8.68% to 15.90 on a…
Indian benchmark equity indices marked their longest weekly losing streak since August 2023 on Friday, as a broad-based selloff continued amid persistent foreign investor outflows and disappointing corporate earnings. The NSE Nifty 50 declined 2.7% for the week, while the BSE Sensex fell 2.2%, recording losses for the fourth consecutive week. All sectoral indices logged…
Indian benchmark equity indices Sensex and Nifty50 logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate earnings and escalating tensions in the Middle East. The NSE Nifty 50 lost about 0.2%, while S&P BSE Sensex shed 0.4% this week. They lost about 4.5% each last week as well, the worst…
Indian benchmark equity indices, the Sensex and Nifty, fell for the fifth consecutive session on Friday, marking their worst week in over two years. Concerns about the escalating conflict in the Middle East continued to unsettle investors while rising foreign outflows added to the pressure. The Nifty 50 index declined by 0.93% to 25,014, while…
On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended the week on a very weak note. The Nifty 50 remained under selling pressure for the entire week; at no point in time, did it show any intention to…