Indian frontline indices Nifty and the BSE Sensex ended sharply lower on Tuesday dragged by a steep fall in IT, auto and bank stocks. Today’s slide wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-stock Sensex closed 1,069 points or 1.28% lower at 82,226, the broader…
Indian equity markets closed sharply lower on Thursday as lingering tensions between the US and Iran triggered broad-based selling. The benchmark indices snapped their three-session winning streak, weighed down by losses in auto, financial, IT and consumer stocks. The Nifty fell 365 points, or 1.41%, to settle at 25,454.35, while the 30-share BSE Sensex ended…
Indian benchmark indices closed higher on Monday for the second session in a row, supported by broad-based buying across sectors, with financials, auto and consumer stocks leading the gains. The Nifty settled at 25,867.30, up 173.60 points or 0.68%, while the BSE Sensex advanced 485.35 points, or 0.58%, to end at 84,065.75. Meanwhile, the volatility…
In the holiday-truncated week gone by, the markets largely traded in a narrow and listless manner, with Nifty ending the week with minor gains. The index oscillated in a very tight range of just 227.80 points, between a high of 26,236.40 and a low of 26,008.60. Given the lack of directional cues and participation, the…
Indian equity benchmarks eked out modest weekly losses, weighed down by persistent foreign institutional investor outflows and lingering uncertainty over US-India trade talks. Sentiments improved toward the close, however, with markets ending the week on a firmer note after the US Federal Reserve delivered a 25-basis-point interest-rate cut. The Nifty jumped 0.57 per cent on…
Indian benchmark indices ended their four-session losing streak on Thursday aided by strong buying action in IT stocks that rallied on the rupee’s decline. The index mostly remained below the 21 EMA on the hourly chart, reflecting sustained selling pressure during the session.Based on the current trends, Rupak De, Senior Technical Analyst at LKP Securities…
The Indian market ended lower on Tuesday, with the Sensex and Nifty retreating after briefly brushing record levels in the previous session, as investors locked in gains and foreign funds continued trimming exposure. A mix of profit-taking and external pressures kept the benchmarks under strain.The S&P BSE Sensex slipped 503.63 points, or 0.59%, to finish…
Nifty 50 faces a volatile week ahead as technical indicators flash weakness and multiple analysts flag critical support levels that could dictate the index’s near-term trajectory. While consumption-driven sectors like auto, FMCG, and consumer durables are showing relative strength, caution is advised in banks, IT, PSUs, and realty. RAJESH PALVIYA HEAD – TECHNICAL AND DERIVATIVES…
Following a strong move in the week before this one, the markets wore more of a consolidatory look over the past five sessions. Following ranged moves, the Nifty closed the week on just a modestly positive note. From a technical standpoint, the Nifty tested a few important levels on both daily and weekly charts. However,…
Indian headline indices broke their four sessions losing streak helped by gains in banks and auto stocks notwithstanding a selling pressure in IT stocks. The mood was upbeat also because the December CPI inflation eased to its four-month low of 5.22%. While the S&P BSE Sensex settled at 76,499.63, gaining by 169.62 points or 0.22%,…