Tag: sensex

Stock Market LIVE Updates | Nifty 50 remains above 22,500, led by Power Grid, TCS

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

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Stock Market LIVE Updates | The first 45-minute trade session will begin at 9.45 am. The second trade session will begin at 11.30 am and will go on till 12.30 pm.

The special trade session is being held to check the disaster preparedness of the exchanges in case of any major disruptions.

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 ends at a 2-week high, Nifty near 22,500

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

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Stock Market Highlights | Today’s market session concluded on a positive note, with key indices ending at a two-week high despite a rangebound trading day. The Nifty closed near the 22,500 mark, while the Sensex fell short of holding the 74,000 level seen during intraday trading.

Mahindra & Mahindra rose 6% to a record high, aided by strong earnings and a healthy outlook. JSW Steel was among the top Nifty gainers, rising 3% ahead of its Q4 earnings report. UltraTech and Grasim both saw gains of 2% each as investor interest in Birla Group stocks increased. Crompton Consumer reported better-than-expected Q4 earnings, leading to a 15% rise. Info Edge and Dixon both saw buying pressure as brokerages upgraded them following strong earnings reports. CONCOR surged to a record high, Bharat Electronics Limited gained 4% and GAIL recovered from Thursday’s losses, ending the session with a 4% gain.

Despite starting strong, IT stocks like TCS and HCLTech ended amongst the top Nifty losers as they failed to hold onto their opening gains. Both HAL and Honeywell experienced profit booking at record levels, with HAL declining by 2% and Honeywell by 5%.

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 witness sharp recovery on weekly expiry, ends at day’s high

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

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Stock Market Highlights | The market witnessed a robust recovery today, buoyed by positive sentiment on the weekly expiry day. Both benchmark indices, the Sensex and the Nifty, surged to nearly two-week highs, with the Nifty reclaiming the crucial 22,400 mark. The market cap of BSE-listed companies soared to a record high.

The Sensex surged by 677 points to settle at 73,664, while the Nifty climbed 203 points to close at 22,404. The Nifty Bank index gained 290 points to reach 47,977, while the Midcap index soared by 446 points, closing at 51,153.

Among Nifty contributors were heavyweight stocks such as HDFC Bank, Infosys, Bharti Airtel, M&M, and RIL, which significantly influenced the index’s upward trajectory. Most sectoral indices closed in the positive territory, with buying interest in IT stocks following better-than-expected US CPI data. The Nifty IT index surged by 2%, reflecting the bullish sentiment towards the sector. Additionally, capital goods stocks continued to attract investors, with ABB witnessing a notable rise of 3%.

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 snaps three-day gaining streak, Nifty 50 ends at 22,200

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

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Stock Market Highlights | The stock market closed on a mixed note today after a rangebound session. Sensex declined by 118 points, closing at 72,987, while the Nifty index closed 17 points lower at 22,201. The Nifty Bank index fell by 172 points to 47,687, Midcap index rose 483 points, closing at 50,708, up 1%.

Coal India emerged as the top gainer on the Nifty, climbing 4% due to reports of an increase in the e-auction premium. Cipla experienced a reversal of its gains from the previous session, falling after promoters sold a 2.5% stake through block deals.

Mahindra & Mahindra (M&M) continued its upward trajectory, gaining another 2% ahead of its earnings announcement tomorrow. Two-wheeler stocks such as Eicher Motors, TVS Motor, and Bajaj Auto were under pressure. FMCG stocks declined, with Asian Paints and Britannia being the top losers. Siemens reached a record high, pushed by strong Q4 results and subsequent brokerage upgrades.

Airline stocks saw substantial buying interest, with IndiGo and SpiceJet gaining between 3% and 6%. Oil marketing companies experienced gains in the second half of the session as crude oil prices remained range-bound, with stocks rising by 2-3%. Canara Bank closed with a 5% gain as the company went ex-stock split.

Defense sector stocks remained positive. Colgate did not see much upside in its margins and fell by 5%. Aarti Industries dropped by 5% following a sell call from UBS, which initiated coverage on the stock. The market capitalisation of BSE-listed companies increased for the fourth consecutive session, adding over ₹2 lakh crore 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

Stock Market Highlights | Sensex, Nifty 50 build on to Monday’s gains as Midcap index outperforms

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

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Stock Market Highlights | The Indian stock market continued its upward momentum, building on gains seen in the previous trading session. Sensex rose by 328 points, closing at 73,105, while Nifty climbed 114 points to reach 22,217. Nifty Bank gained 105 points, closing at 47,859, and the Midcap Index surged 490 points to reach 50,225.

Cipla reversed its gains from Monday, emerging as the top loser on the Nifty with a decline of 4%. PVR also saw a decline, ending 3% lower than its highs. Zomato experienced profit booking, with its stock falling by 4% on Tuesday. UPL failed to hold on to gains post-earnings, ending as the top midcap loser.

Adani Group stocks witnessed buying interest, all ending higher with gains ranging from 2-6%. M&M hit a record high ahead of earnings, rising almost 4%, while Hero MotoCorp continued its upward trend, adding another 3% to its value. Hindalco gained 2% as its US arm Novelis filed for an IPO. Railway stocks, including IRFC, IRCON, and Railtel, surged by 8-10%.

The market capitalisation of BSE-listed companies crossed ₹400 lakh crore, an increase of over ₹3 lakh crore in a single day.

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 and Nifty stage smart recovery intra-day led by financials

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

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Stock Market Highlights | The equity benchmark indices Sensex and Nifty witnessed a smart recovery, buoyed by a resurgence in financial stocks spearheaded by HDFC Bank and ICICI Bank on Monday (May 13).

From the Sensex basket, Asian Paints, Sun Pharmaceutical Industries, HDFC Bank, Tata Consultancy Services, Axis Bank and Tata Steel were the major gainers. Tata Motors, NTPC, Bharti Airtel, Titan Company, State Bank of India and Nestle India were the biggest laggards.

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 | Nifty 50 holds on to 22,000, Sensex rises 260 points, Midcap index outperforms

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

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Stock Market Highlights | The stock market concluded today’s session with fluctuations but managed to maintain a stable range, with the Nifty index holding above the 22,000 mark. Midcap stocks notably outperformed their larger counterparts, with the Midcap Index rising by 1% while the Nifty managed only a 0.4% increase.

Sensex rose by 260 points, closing at 72,664, while the Nifty gained 98 points to settle at 22,055. However, the Nifty Bank slipped by 67 points, ending the day at 47,421, even as the Midcap Index saw a significant rise of 423 points, closing at 49,532. Sensex, Nifty 50 snapped a two-week gaining streak, recording the largest weekly fall in two months.

BPCL emerged as the top gainer on the Nifty, up by 4%, driven by strong Q4 earnings that outperformed its Oil Marketing Company (OMC) peers. Asian Paints saw a rise of over 2% following short covering triggered by positive management commentary. Hero MotoCorp extended its gains from Thursday on the back of robust Q4 commentary, registering a 2% increase.

Cipla’s mixed Q4 earnings led to a 4% decrease from its highs, while Bank of Baroda reported an increase in slippages, resulting in a 3% decline. On the other hand, Polycab surged to a record high, up by 7% after its Q4 earnings surpassed estimates. Manappuram and Muthoot rose by 5% each following clarifications on an advisory issued by the RBI. Dr. Lal’s Path Labs reported healthy Q4 results, gaining more than 5%.

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