In the shortened three-day trading week, the markets displayed a slight upward bias and closed with modest gains. The Nifty traded within a tight band, fluctuating between 26,104.20 at the upper end and 25,718.20 at the lower, marking a narrow 386-point intra-week range. Despite the subdued movement, the India VIX dipped marginally by 0.30% to…
Indian equity benchmarks started on a strong note during the special one-hour Muhurat trading session on Tuesday but pared gains by the close. Both the Nifty and Sensex touched fresh 52-week highs during the session, though the early optimism faded later. The 30-share BSE Sensex ended 63 points, or 0.07%, higher at 84,426, while the…
Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or…
Indian stocks snapped a two-day losing streak on Wednesday, with the Sensex and Nifty advancing as risk appetite improved on growing expectations of a U.S. Federal Reserve rate cut and optimism over an earnings rebound. The S&P BSE Sensex climbed 0.7%, or 575.45 points, to close at 82,605.43, while the NSE Nifty 50 added 0.71%,…
The Indian market eased on Wednesday, snapping a four-session winning run, as investors booked profits, with financial shares leading losses. The weakness in banks outweighed gains in IT stocks ahead of the quarterly results. The S&P BSE Sensex fell 153 points, or 0.19%, to close at 81,773.66, while the NSE Nifty 50 declined 62 points,…
The Indian market fell for a fifth straight session on Thursday, with the Sensex and Nifty dragged lower by financial and IT shares as persistent foreign outflows and worries over U.S. visa curbs weighed on sentiment. The S&P BSE Sensex dropped 555.95 points, or 0.7%, to close at 81,159.68, while the NSE Nifty 50 shed…
The Indian market ended lower on Monday, after last session’s profit-booking, with IT stocks dragging the most after the U.S. sharply raised the one-time cost of H-1B visas to $100,000, rattling sentiment in a sector that had only recently shown signs of a rebound. The S&P BSE Sensex fell 0.56% to close at 82,323.62, shedding…
Indian headline indices ended with gains today aided by IT and pharma stocks. Nifty remained in a narrow range of 100 points before closing higher. Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said that the current sentiments look positive in the short term, with the index sustaining above the…
Indian headline indices surrendered early gains in a volatile Tuesday session, dragged lower in the final hour by auto and bank stocks. Nifty faced stiff resistance at the 21-EMA, triggering a sharp intraday decline. The Nifty ended at 24,579.60, declining by 45.45 points or 0.18%, Sensex closed at 80,157.88, falling 206.61 points or 0.26%. Here’s…
The Indian market ended in the green on Monday, lifted by easing concerns over Russian oil supplies following a meeting between the U.S. and Russian presidents, alongside optimism over the Indian government’s proposed goods and services tax (GST) reforms. The BSE Sensex jumped 676.09 points, or 0.84%, to 81,273.75 at the close, while the NSE…