The Indian market closed in the red on Friday, ending a three-day winning streak. The decline was led by losses in IT giant Infosys and private lender Axis Bank following the release of their quarterly results, with IT stocks tumbling due to mounting worries about earnings growth in the current quarter and persistent foreign outflows…
Foreign Portfolio Investors (FPIs) net sold Indian equities worth Rs 44,396 crore so far in January. On Friday, the FIIs off-loaded domestic stocks worth Rs 3,318.06 crore triggering a fall in the markets. The frontline indices Nifty and the BSE Sensex closed with near 0.5% cuts. The foreign investors have been on a selling spree…
The Indian market closed in red on Friday, dragged lower by selling in heavyweight financial and energy stocks, as worries over corporate earnings dampened market sentiment, while IT stocks stood out as the only gainers after quarterly update from sector leader TCS suggested early signs of a demand recovery. The benchmark BSE Sensex lost 241.30…
India’s benchmark indexes closed in red on Wednesday, dragged lower by selling pressure in heavyweight financial and consumer stocks as market sentiment remained cautious ahead of the upcoming corporate earnings season, while worries over the likelihood of fewer interest rate cuts by the U.S. Federal Reserve added to the overall subdued mood in the market….
The Indian benchmark indices staged a strong recovery on Tuesday, after plunging to their worst decline in three months on Monday. The Sensex rose 230 points and the Nifty broke above the 23,700 level, fueled by advances in heavyweight financial stocks and Reliance Industries.The benchmark BSE Sensex added 234.12 points or 0.30% to close at…
India’s benchmark indices ended in red on Monday as widespread selling in banks and consumer firms and across key sectors dragged the markets down. Investor sentiment turned cautious after the government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and one in Gujarat, amid concerns over a virus outbreak in China. The benchmark BSE…
Indian benchmark indices, Sensex and Nifty50, opened marginally higher on Monday, driven by IT stocks ahead of the quarterly results season and the Bajaj twins, following a 28% year-on-year (YoY) increase in Bajaj Finance‘s assets under management for the quarter ending December 2024. The BSE Sensex gave up early gains to trade 178.11 points, or…
India’s benchmark indices ended lower on Friday, marking their first decline in 2025 after gains in the year’s initial two sessions. The retreat was driven by losses in heavyweight financial and IT stocks, as investors turned cautious ahead of the corporate earnings season set to kick off next week. The benchmark BSE Sensex lost 720.60…
The Indian market kicked off 2025 on a positive note, ending in green on the first trading day of the year on Wednesday, with the Sensex climbing over 360 points and the Nifty rising 0.4%, led by gains in financial services stocks. This upbeat start follows the market wrapping up 2024 with an 8% annual…
The Indian market ended 2024 with an annual return of about 8%, with Sensex and Nifty sustaining their winning streaks for the ninth consecutive year in a row. On Tuesday-– the last trading day of the year, Sensex slipped 109 points, while Nifty ended largely unchanged amid persistent foreign fund outflows. Selling in heavyweight IT…