Tag: sensex

Stock Market LIVE Updates | Nifty 50 hovers around 22,050 led by Reliance, Bharti Airtel, ITC

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market LIVE Updates | Nifty 50 opened 803 points away from its record high, and soon crossed the 22,000 mark.

BPCL, Mahanagar Gas, Relaxo Footwear, Quess Corp, Gopal Snacks, Rain Industries will react to their quarterly results today. Meanwhile, Tata Motors, Cipla, Eicher Motors, Polycab, Bank of India, Bank of Baroda, Kalyan Jewellers are among the stocks that will report their earnings today.

Solara Active Pharma Sciences, life insurance stocks, Manappuram Finance, Abott India, VST Tiller Tractors, Brigade Enterprises, Shyam Metalics, PNC Infratech are among the other stocks in focus today.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Market at Close | Sensex and Nifty plunge to 2-month lows amidst broad-based sell-off

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The equity benchmark indices Sensex and Nifty tanked to their lowest levels in two months on Thursday (May 9) as a broad-based decline sent frontline indices tumbling by 1-2%. The weakness was particularly pronounced in the broader markets, with the Midcap Index shedding 1,000 points, firmly favouring declines in market breadth.

The 30-share BSE Sensex tanked 1,060.45 points or 1.44% to settle at 72,405.94. The NSE Nifty dipped 335.40 points or 1.50% to finish at 21,967.10. The Nifty Bank index slipped by 533 points to 47,488, and the Midcap index was down by 927 points to 49,109.

From the Sensex basket, Tata Motors, Mahindra & Mahindra, HCL Technologies, State Bank of India and Infosys were the major gainers.
Larsen & Toubro, Asian Paints, ITC, JSW Steel and NTPC were the biggest laggards.

Stocks like Asian Paints and L&T witnessed declines of 5-6%. However, there were pockets of resilience, particularly in the auto sector, where two-wheeler stocks such as Hero MotoCorp and TVS Motors saw gains, buoyed by strong earnings and positive outlooks.

State Bank of India managed to close higher on the back of higher-than-expected results, marking a 2% recovery from its lows. Conversely, Piramal emerged as the top midcap loser, with its Q4 earnings disappointing investors, leading to a 9% decline in its stock price.

Further dampening sentiments were the slips seen in gold financing companies Muthoot Finance and Manappuram Finance, following an advisory from the Reserve Bank of India, with both stocks witnessing losses of 4-8%.

Other notable losers included Navin Fluorine, Tata Power, and United Breweries Limited (UBL), which all saw negative reactions to their Q4 results, closing down by 5% each.

In Asian markets, Tokyo, Shanghai and Hong Kong were trading with gains while Seoul traded lower. Wall Street ended on a mixed note on Wednesday (May 8).

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty 50 remain weak, end at two-month low; Midcap index falls over 900 points

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | Sensex, and Nifty 50 remained weak today, ending at two-month lows as both frontline and broader indices saw declines of 1-2%. The Sensex dropped by 1,062 points to 72,404, while the Nifty fell 345 points to 21,958. The Nifty Bank index slipped 533 points to 47,488, and the Midcap Index plummeted by 927 points to 49,109.

While Asian Paints and L&T saw declines of 5-6% despite strong earnings, auto stocks, especially two-wheelers like Hero Moto and TVS, gained amidst the weak session, buoyed by positive earnings and outlooks. Stocks like Tata Power and UBL faced negative reactions to their Q4 results, each declining by 5%. Regulatory advisories added to the pressure, impacting sectors like finance, with Muthoot and Manappuram slipping by 4-8% due to an RBI advisory.

SBI closed higher despite the market downturn, rising 2% from its lows on the back of better-than-expected results. However, Piramal was the top midcap loser, dropping 9% due to weak Q4 earnings. Navin Fluorine reversed its gains from Wednesday, closing 5% lower.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty 50 fail to hold intra-day gains led HDFC Bank, ICICI Bank

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market LIVE Updates | Sensex, Nifty 50 closed today with minimal changes after a volatile session, erasing early gains as banking heavyweights struggled to maintain momentum. HDFC Bank and ICICI Bank continued to exert downward pressure on the market, contributing to the overall subdued sentiment.

BSE-listed companies witnessed a turnaround after three consecutive sessions of decline, adding approximately ₹2 lakh crore to their market capitalisation. The Midcap Index rose by 362 points to 50,036, showcasing the resilience of mid-sized companies.

Sensex fell marginally by 45 points to 73,465, while Nifty remained unchanged at 22,303. Nifty Bank, however, saw a decline of 264 points to 48,021, indicating weakness in the banking sector.

Stocks reacted sharply to earnings reports, with Dr Reddy’s Laboratories (DRL) and Voltas slipping, while Hero MotoCorp and Bharat Forge witnessed gains. L&T closed with gains, while Asian Paints slipped ahead of its earnings announcement.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Market at Close | Sensex, Nifty fall for 3rd straight session, wipe out ₹10 lakh crore market cap in 3-days

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The equity benchmark indices Sensex and Nifty extended their decline for the third consecutive day, erasing ₹10 lakh crore in market capitalisation over the course of just three trading sessions.

The 30-share BSE Sensex declined 383.69 points or 0.52% to settle at 73,511.85. The NSE Nifty dipped 140.20 points or 0.62% to finish at 22,302.50. The Nifty Bank and Midcap Index also witnessed sharp declines, slipping by 610 points and 988 points respectively.

The downturn was exacerbated by weakness in sectors such as metals and autos, which dragged down the overall market performance. However, the IT and FMCG sectors provided some respite, lending support amidst the broader sell-off.

Broader market indices witnessed significant underperformance compared to the benchmarks, with the Midcap Index experiencing its worst day in two months. An overwhelming 88 out of 100 stocks in the Midcap Index closed in the red, with individual stocks plummeting by as much as 6%.

From the Sensex basket, Hindustan Unilever, Tech Mahindra, Nestle India, Tata Consultancy Services, ITC, Infosys and Wipro were the major gainers. Power Grid Corporation Of India, IndusInd Bank, Tata Motors, HCL Technologies, NTPC and Tata Steel were the biggest laggards.

Lupin saw a 4% drop after missing revenue expectations in both the Indian and US markets. Meanwhile, Voltas slipped by 4% ahead of its earnings report. The real estate sector continued to face profit booking, with DLF witnessing another 4% decline today. Titagrah Rail emerged as a rare gainer in the market turmoil, surging by 10% after a leading brokerage firm initiated an overweight call on the stock.

The Nifty FMCG rose by 2%, led by gains in heavyweights such as HUL, Britannia, Nestle, Marico, Godrej Consumer, and Dabur. Gujarat Fluorochemicals’ commentary on product pricing weighed on SRF, dragging the stock down by 7%.

Similarly, a miss on volume estimates by Gujarat Gas impacted city gas companies, resulting in stock declines ranging from 1% to 6%. Market breadth heavily favoured declines, with the advance-decline ratio skewed at 1:3.

The Foreign Institutional Investors (FIIs) emerged as net sellers, offloading equities worth ₹3,668.84 crore. Conversely, Domestic Institutional Investors (DIIs) turned into net buyers of equities worth ₹2,304.50 crore.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty 50 fall for third session straight, midcaps post worst day in two months

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | Sensex, Nifty 50 ended in the green for third session in a row. The market erased a market capitalisation of ₹10 lakh crore in three days. Broader markets underperformed benchmarks with the Midcap index posting worst day in two months. 88 of 100 midcap index stocks ended in the red.

Sensex fell 384 points to 73,512, while Nifty 50 slipped 140 points to 22,303. The Nifty Bank index fell 610 points to 48,285 and Midcap index 988 points to 49,674. The Fast Moving Consumer Goods (FMCG) basket rose tracking positive commentary. Nifty FMCG rose 2%. HUL, Britannia, Nestle, Marico, Godrej Cons and Dabur were the top FMCG gainers.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty end largely lower amid volatility, Midcaps underperform

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | The Sensex and witnessed a mixed session as indices struggled to find direction amidst a plethora of factors influencing investor sentiment. The Reserve Bank of India’s (RBI) draft on infrastructure lending weighed heavily on public sector undertakings (PSUs), leading to a notable slip of 3-4% in the PSU, PSU Bank, and PSE indices.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty 50 end near day’s low after recording biggest intra-day fall in two months

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market LIVE Updates | The Indian stock market experienced a sharp decline today, closing near the day’s low after witnessing the biggest intraday fall in two months. Heavy profit booking was observed at record levels, causing both the Sensex and Nifty to drop by 2% from their highs. All Nifty Bank components ended in the red, with HDFC Bank being the biggest drag on the index. Most sectoral indices slipped, accompanied by a surge in volatility, with the India VIX up by 9%.

The Sensex fell by 733 points to 73,878, and the Nifty dropped by 172 points to 22,476. The midcap index slipped by 180 points to 50,935, while the Nifty Bank declined by 308 points to 48,924.

However, the market managed to post gains for the second straight week, with both the Sensex and Nifty up by 0.3% each. Broader markets outperformed this week, with the Nifty Bank up by 2% and the midcap index up by 1%.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Market at Close | Sensex, Nifty end flat with financials being major drag

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The equity benchmark indices Sensex and Nifty ended flat on Thursday (May 2) with financials being a major drag. ICICI Bank and Kotak Mahindra Bank emerged as the primary culprits behind Nifty’s lacklustre performance.

The 30-share BSE Sensex climbed 128.33 points or 0.17% to settle at 74,611.11 in a restricted trade. During the day, the index rose by 329.65 points or 0.44% to a high of 74,812.43. The NSE Nifty rose by 43.35 points or 0.19% to 22,648.20 as 29 of its constituents advanced and 21 declined.

The Nifty Bank, in particular, bore the brunt of this downturn, shedding 166 points to settle at 49,231. The Midcap Index scaled new heights and nearing a record high. The index soared by 247 points to reach 51,115.

From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra & Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were among the major gainers.

HPCL, BPCL, and IOC saw their stocks surge by up to 7%, buoyed by the news of crude oil prices dipping below the $85 per barrel mark. REC and PFC saw positive trends with REC extending gains from the previous session, buoyed by favourable Q4 earnings reception, while PFC also rose. Dabur India closed at its peak for the day, driven by strong volume growth in Q4, surpassing market estimates.

Godrej Properties and Godrej Industries experienced slight declines, possibly due to market corrections, while Godrej Consumer Products ended positively following a family settlement. In the automotive sector, companies like Bajaj Auto, Tata Motors, M&M, and Hero MotoCorp witnessed an uptick in their stock prices, fueled by encouraging monthly sales figures.

While some companies, like Federal Bank, Chola Finance, and IndiaMART, celebrated robust Q4 results with gains ranging from 4% to 10%, others, such as Kotak Mahindra Bank, grappled with setbacks, including the resignation of a key executive. Overall, market breadth favoured advances, with the advance-decline ratio standing at a balanced 1:1.

In Asian markets, Hong Kong settled with gains while Seoul, Tokyo and Shanghai ended lower. European markets were trading on a mixed note. Wall Street ended mixed on Wednesday. Global oil benchmark Brent crude climbed 1.02% to $84.29 a barrel.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Sensex, Nifty end flat with financials being major drag

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Stock Market Highlights  | The equity benchmark indices Sensex and Nifty ended flat on Thursday (May 2) with financials being a major drag. ICICI Bank and Kotak Mahindra Bank emerged as the primary culprits behind Nifty’s lacklustre performance.

While the Sensex nudged upwards, propelled by select stocks, the Nifty struggled to maintain its ground, marred by the weight of dragging financials. The Nifty Bank, in particular, bore the brunt of this downturn, shedding 166 points to settle at 49,231.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow