Sensex closed 1,330 points higher at 80,436 while Nifty 50 ended at 24,541. Here are the top 6 factors behind the action in the markets today.
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Nifty ended neat flatline while the Sensex was up 150 pts ahead of US CPI data due later in the day. Sensex surged 0.19% to settle at 79,105, while the broader NSE Nifty gained 0.02% to end at 24,143.
Sensex and Nifty closed lower on Tuesday, weighed down by HDFC Bank due to anticipated lower-than-expected inflows from its staggered weight adjustment on a key MSCI emerging market index. Broad-based selling pressure also contributed to the market's downturn.
The markets opened in the red with Sensex down 400 points today but closed flat. This comes after another revelation by the Hindenburg Research. Over the weekend, Hindenburg had accused Sebi chief Madhabi Buch & her husband of having stakes in offshore funds linked to Gautam Adani's brother. Although the noise wasn't able to shake the markets much amid positive cues from global markets. Sensex closed at 79,648 while Nifty was above 24K.
Sensex and Nifty, bounced back on Friday, ending the week over 1% higher mainly driven by gains in IT stocks. This recovery followed a sharp sell-off earlier in the week.
Indian markets closed lower after RBI kept the repo rate unchanged at 6.5% and maintained its hawkish stance due to persistently high food inflation. Sensex fell 581 points and closed at 78,886, while the broader Nifty declined 180 points and ended at 24,117.
Markets started the day positively after 2 days of crash and burn following the trend from Asian markets. Real estate stocks rallied after govt revised the LTCG rules on property. Sensex zoomed over 800 pts while Nifty was above 24,250 level.
Tuesday marked a rebound for most Asian markets following a day of significant losses, though the Indian market lagged. While the first half of the day showed some recovery, the latter half disappointed many. The Sensex fell 0.21%, closing below 79,000, and the Nifty dropped 0.26%, ending below 24,000.
Indian markets closed slightly higher on Tuesday. The gains were mainly led by auto and energy stocks. Sensex rose 99 pts and closed at 81,455 while the Nifty was up 21 points and ended at 24,857.
Stock markets closed marginally lower for the fifth consecutive session today. The markets were dragged down due to weaker-than-expected results from Axis Bank and Nestle India, as well as declines in global markets. NASDAQ crashed 4% overnight, top euro markets were also down due to weak corporate earnings.
From the Sensex pack, Titan and ITC were the top gainers, rising 6.6% and 5.5%, respectively. Adani Ports, NTPC, Infosys, and HCL Tech also ended with gains, while L&T, Bajaj Finance, SBI, Axis Bank, HDFC Bank, and Asian Paints closed with cuts.
Nifty 50 and Sensex reached record closing highs on Tuesday, driven by gains in Bharti Airtel, HUL, and IT stocks amid expectations of a U.S. rate cut as early as September. Sensex closed at 80,716, 51 pts up while Nifty climbed 26 points and closed at 24,613.
From the Sensex stocks, SBI, NTPC, and UltraTech Cement were the top gainers, rising 2-2.5%. M&M, Bajaj Finance, Tata Motors, and Maruti Suzuki also closed with gains, while Asian Paints, Tata Steel, Axis Bank, JSW Steel, and Tech Mahindra ended with losses.
Nifty and Sensex both closed flat with a negative bias on Thursday. This happened due to investors booking profits in heavyweights ahead of the announcement of key financial results for the June quarter.
While the markets ended flat, 34 stocks in Nifty closed with positive bias while rest 16 in the red, indicating a shift towards the bulls as far as the market breadth is concerned. The top gainers at the closing time were ONGC, Reliance Industries (RIL), State Bank of India (SBI), Britannia Industries and Cipla while the top losers were HDFC Bank, Titan, LTIMindtree, Tata Steel and IndusInd Bank.
RIL, ICICI Bank, and Airtel added to the rally today. Sensex was up 620 points and closed at 78,759 while Nifty 50 closed at 23,868. Nifty Bank also hit a fresh lifetime high of 52,988 intraday today
The top gainers from the Nifty50 index were Shriram Finance, Axis Bank, HDFC Bank, ICICI Bank and Tech Mahindra around this time while the top losers were BPCL, Eicher Motors, Tata Steel, Asian Paints and Power Grid.
In the Sensex pack, M&M, Power Grid, Sun Pharma, and Nestle India were top gainers while IndusInd Bank, Adani Ports, Tata Steel, and Reliance Industries were the top losers
Axis Bank and HDFC Bank led with over 3% gains; ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI also posted gains. Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.
State-run companies and energy stocks also contributed to the rally in hopes of continued capex spending by the new government. Sensex surged 182 points and closed at 76,993. Nifty rose 67 points and closed at 23,466.
U.S. consumer prices were unexpectedly unchanged in May. Core prices grew at their slowest annual pace in over 3 years, which also lifted bets of a Sept rate cut by the Fed.
Coal India, Power Grid, NTPC, and BPCL were among the top gainers on nifty. M&M, HUL and Tata Consumer were the losers. Small-cap and mid-cap indices rose by over 1% each. IT companies, which count the U.S. as a key revenue geography, jumped up to 1.65%.
Rate-Sensitive Sectors Surged: Banking, finance, auto, and real estate stocks rose by up to 8% following the RBI's decision to maintain the interest rate.
Modi's National Democratic Alliance (NDA) on Wednesday formally named him as the leader of a new coalition government, a day after it regained power with a surprisingly slim majority.
Heavyweight bank stocks surged 4.5%, financial services index jumped 4.2%, driving a surge in the Nifty. Bank stocks had dropped nearly 8% on Tue. Nifty FMCG surged 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%.
After falling over 6,000 points during the day, BSE's Sensex closed 5.4% down at 72,079 while the broader NSE Nifty dropped 5.93% and closed at 21,884. About Rs 30 lakh cr were wiped out from the markets during the June 4 trade. The market capitalization of all listed companies on BSE declined to Rs 396 lakh crore.
Nifty50 and BSE's Sensex both closed at record highs, hitting over 23,250 and 76,400 mark, respectively. This surge came after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections.
Sensex and Nifty both tanked on Thursday due to selling pressure witnessed in most sectors. Sensex even went down 800 pts intraday touching the day's low while Nifty touched an intraday low of 22,459 later both indices corrected and closed at 73, 885 and 22, 488 respectively.
Indian markets closed lower for the fourth consecutive session, with the BSE Sensex declining by 667 points and the NSE Nifty dropping by 183 points. Heavyweight financials and IT stocks led the decline, with ICICI Bank, HDFC Bank, Reliance Industries, Infosys, Axis Bank, L&T, and TCS contributing to the downward trend.
Indian markets closed in the red for the 3rd straight session. The market was quite volatile due to profit-booking pressure from index heavyweight RIL, and banking stocks
Indian markets hit new record highs today, Sensex crossed the 76K mark intraday while Nifty crossed the 23,100 mark for the very first time. However, at closing markets closed in the red and were mostly flattish
Sensex and Nifty both ended flat today and mostly swung between gains and losses. Sensex ended above the 75,400 mark while Nifty was also above the 22,900 level.
When the stock market opened for trading today, investors had cues from two central bankers to choose from - the world's most powerful Jerome Powell, who runs the US Federal Reserve, and RBI Governor Shaktikanta Das. Ignoring Fed officials' concerns over the lack of progress on inflation as revealed in Fed minutes, the bulls chose to focus on the bumper dividend of Rs 2.1 lakh crore announced by India’s central bank for the government.
Top Sensex gainers: HUL, Reliance Industries, Infosys, Asian Paints and ITC (rising 1-2% each).Top Sensex losers: SBI, JSW Steel, Axis Bank, ICICI Bank and Tata Steel.
In recent times, Indian holders of derivatives have faced significant financial losses, a concern that has caught the attention of the government and Finance Minister Nirmala Sitharaman. This situation intriguingly intersects with the Wall Street-based hedge fund Jane Street Group, which is currently embroiled in lawsuits involving two of its employees and rival Millennium Management Global Investment. In this episode of The Morning Brief from the Economic Times, hosts Anirban Chowdhury and Nikhil Agarwal delve into three critical questions: Why are small options traders losing money in India? Are larger financial players profiting at their expense? And how is the practice of daily expiry contributing to the challenges faced by small investors? Join us as we unpack these complex issues with Rahul Sharma, Head of Technical & Derivative Research, JM Financial Services Ltd & Chetan Panchamia, Index Options Expert & Trader.
The markets are in a mixed zone due to voting for the third phase of the Lok Sabha election. Indian markets closed down and were mainly dragged by index heavyweights such as Reliance Industries, banking, and auto stocks.
Markets erased morning gains due to losses in RIL, L&T, HDFC Bank, and Airtel. These stocks pulled down the headline indices, the most in terms of their contribution to the respective indices.
Fed Chair Jerome Powell on Wednesday said a rate hike was unlikely, but reiterated that a rate cut would be considered only if inflation in the economy eased further.
Highest-weighted banking stocks on Nifty traded with strong momentum. ICICI Bank, SBI, HDFC Bank and Kotak Bank were four of the top contributors today. Nifty Bank hit a fresh lifetime high today rising 1200 pts
Tech Mahindra, Divi's Labs, LTIMindtree, Bajaj Auto were the top gainers of the day. Bajaj Finance, Bajaj Finserv, IndusInd Bank and Nestle India were the top losers.
Axis Bank was the top contributor in the surge as it jumped over 6% intraday post strong Q4 earnings. Other top contributors were ICICI Bank and SBI. The Nifty Bank index shot up by over 300 points at the closing.
From the Sensex pack, JSW Steel and Tata Steel were the top gainers, and rose 4% and 2.7%, respectively. Power Grid, Kotak Bank, UltraTech Cement, NTPC, and Bajaj Finance also ended with gains, while TCS, Tech Mahindra, Maruti, and Infosys closed with cuts.
Bharti Airtel, ITC, Infosys, SBI, Maruti, and Tata Motors were the top contributors to the Sensex. However, Reliance, Sun Pharma, HDFC Bank, and M&M put downward pressure on the index. RIL alone dragged the indices down by 127 points.
Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, due to this IT index also fell 0.4% decline. Infosys forecasted annual revenue below expectations after falling short of March-quarter revenue estimates.
From the Sensex stocks, Nestle India, Titan, Axis Bank, NTPC, and Tata Motors were the top laggards, falling 2-3%. ITC, ICICI Bank, HDFC Bank, and Bajaj Finserv also declined. Infosys, L&T, and Airtel were the gainers.
Retail Sales rose 0.7% last month, as per the Census Bureau. Traders now anticipate 45 basis points of cuts this year, down from more than 160 bps expected at the start of the year.
Iran Saturday night launched a drone missile attack on Israel. This was in response to a suspected Israeli strike on its consulate in Damascus on April 1 in which seven Iranian Revolutionary Guard Corps personnel, including two generals, were killed.
A hotter-than-expected inflation data in the US has faded hopes that Fed would cut interest rates as early as June. Fed minutes also showed that officials had begun worrying that the current policy rate was not restrictive enough.
Among the Sensex stocks, ITC, Kotak Bank, Bharti Airtel, SBI, and Aisan Paints closed with gains, while Maruti Suzuki, HDFC Bank, L&T, and M&M closed with cuts.
The top gainers were Apollo Hospitals, Hindalco, ICICI Bank, Infosys and Bajaj Finserv while the top losers were Titan Company, Hero MotoCorp, Coal India, Reliance Industries (RIL) and Asian Paints.
From the Sensex stocks, Kotak Bank, HCL Tech, ICICI Bank, Sun Pharma, and Infosys closed in the red, while M&M, Nestle India, Tata Motors, and SBI ended in the green.
JSW Steel and Tata Steel were the top gainers and rose over 4% each. UltraTech Cement, NTPC, L&T, HDFC Bank, and Power Grid also closed with gains, while Titan, Nestle India, Bharti Airtel, and IndusInd Bank ended down today
Financials rose after RBI relaxed norms brought in December, which mandated lenders should set aside higher provisions if they bought into alternative investment funds, that, in turn, invested in the lenders' borrowers.
From the Sensex pack, Power Grid, Bharti Airtel, Wipro, HDFC Bank, and Kotak were the top laggards, falling 1-2%. On the other hand, Bajaj Finance, NTPC, L&T, and Axis Bank closed with gains.
TCS emerged as the top Sensex loser and fell 4%. This dip comes after 0.6% of shares changed hands in a block deal. Other IT counters - HCL Tech, Wipro and Infosys - also ended with cuts, weighing on the index.
Indian markets closed in the green on Monday ahead of fed policy decisions due this week. The indices were led by auto, metal, and energy stocks. Sensex surged 105 points & ended at 72,748. While Nifty gained 32 points and closed at 22,055.
Small- and mid-cap stocks declined as stress test results of mutual funds trickled in. Sensex declined 454 points to settle at 72,643. Nifty dropped 123 points to end at 22,023.
The broader, more domestically-focussed small- and mid-caps, rose 3.4% and 1.8%, respectively. However, they logged their worst session in two years on Wednesday and have lost over 12% and 6.5%, respectively, from their record highs on February 8.
Sensex crashed about 1100 points intraday and went below the 73,000 mark while Nifty was under the 22,000 mark today. At the time of closing, Sensex recovered a bit but was still down 906 points. Nifty was down 338 pts. The market capitalisation of all BSE-listed stocks fell by Rs 14 lakh crore to Rs 372 lakh crore.
Among blue-chip stocks, HDFC Bank, TCS, Maruti, Infosys, and Reliance Industries were top gainers, rising to 2.3%. On the other hand, SBI, JSW Steel, ITC, NTPC, and Tata Motors closed in the red.
Tata Steel, Tata Motors, JSW Steel, and Bajaj Finserv were the top Sensex gainers, rising 2-4%. Bajaj Finance, Asian Paints, ITC, Nestle India and TCs also closed higher, while M&M, Reliance Industries, Axis Bank, and ICICI Bank closed lower.
From the Sensex pack, Kotak Bank, Bharti Airtel, and Axis Bank were the top gainers, rising over 2% each. Sun Pharma, M&M, and HCL Tech also closed higher, while UltraTech Cement, NTPC, Maruti, JSW Steel, and Power Grid closed in the red.
The indices were dragged by the Bajaj twins and IT stocks today. IT companies earn a major share of their revenue from the US. Investors are cautious and are waiting for clues on rate hikes. Fed Chair Jerome Powell's congressional testimony and key labor market data are also due later in the week.
Small, mid, and microcap indices saw a sell-off and fell around 2% each after Sebi asked fund houses to put in a policy to protect investors from first mover advantage of redeeming investors.
Out of 15 Nifty sectoral indices, 9 settled with a positive bias led by Nifty Realty, which was up over 1%. Nifty IT also led the way with TCS on top. Nifty Auto closed with gains of 0.71%.
Paytm closed 2% lower after another Paytm bull slashed the target price. While maintaining a neutral rating on Paytm, Goldman Sachs has lowered the target price to Rs 450 from Rs 860 earlier.
Top Sensex losers were NTPC, PowerGrid, and Wipro, each falling over 2%. On the positive side, Tata Steel, SBI, IndusInd Bank, and JSW Steel closed higher.
Power Grid, HDFC Bank, Axis Bank, NTPC, and Kotak Bank were the top Sensex gainers, rising 2-4%. Today's losers were TCS, JSW Steel, HCL Tech, Bajaj Finserv, and Maruti Suzuki.
Indian markets closed in the green today led by auto, banking, and IT Stocks. - Sensex rose 376 points and settled at 72,426. Nifty gained 130 points to end at 22,040. Both the benchmarks have added about 1.2% so far this week.
Today, the markets took a u-turn after falling during the day. The markets were down 700 pts intraday but later recovered and closed higher with banking, auto, and financial stocks leading the way. Sensex was up 268 points and closed at 71,822. Nifty rose 97 points to end at 21,840.
1. Indian markets closed higher, led by financials and IT stocks. Now this is ahead of the US inflation report that could help shape the Federal Reserve's rates outlook and determine the timing of interest rate cuts.
Weakness in broader markets and small caps added to this too. The Nifty Smallcap 100 index settled with declines of over 4% with just 10 stocks closing in the green in the 100-stock index. The top gainers were Jubilant Ingrevia, Medanta operator Global Health and JBM Auto, which ended with gains of 13%, 6.32% and 4.20%, respectively.
Sensex pack: SBI, Sun Pharma, and ICICI Bank were the top gainers, rising 2-3.5%. Axis Bank, Bajaj Finance, Nestle, Titan, and Asian Paints also closed with gains, while M&M, Airtel, NTPC, Tata Steel, and JSW Steel closed with cuts.
The RBI left the rates at 6.5% following the end of its 3-day monetary policy meeting. This is the sixth consecutive time the central bank has left policy rates untouched and the longest pause in rates since 2008 in a rising interest rate environment.
From the Sensex stocks, SBI was the top gainer, rising over 4%. JSW Steel, Bajaj Finance, Nestle, Axis Bank, and Asian Paints also closed higher, while Tech Mahindra, Power Grid, Infosys, TCS, and HDFC Bank closed in the red.
L&T, Infosys, Tata Steel, Bharti Airtel, SBI, and Tech Mahindra also closed higher. Power Grid, IndusInd Bank, ITC, Kotak Bank and Bajaj Finserv closed with cuts.
From the Sensex pack, Bajaj Finance and Bharti Airtel were the top laggards, falling over 3% each. Maruti, Bajaj Finserv, HCL Tech, and Titan also closed with cuts, while Tata Motors, Sun Pharma, Power Grid, and M&M closed with gains.
Nifty hit a record high of 22,126.80 but the markets still closed lower at the time of closing. Sensex erased its 1000-point gain and closed 441 pts higher at 72,086 while Nifty closed at 21,854.
The Nifty Bank outperformed the benchmark indices on Budget Day and rose nearly 200 points to close at 46,188. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank.