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It would be strong buying in auto, IT, and consumer durables stocks that kept bears away from the domestic market. Also, heavyweight Reliance Industries’ share price which soared by over 2% for the second consecutive day further contributed to the upside. Another reason for a positive day would be continued foreign funds inflow. Sensex rose […]
In the domestic equity markets this week, trading activity will be largely driven by inflation data, trends in global markets, and foreign fund movement said analysts, adding that the participants will also monitor developments related to the Adani Group crisis, according to news agency PTI. Santosh Meena, Head of Research at Swastika Investmart Ltd said, […]
Shares of Japan’s Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, after both companies jolted investors with disappointing results, emphasising the dim outlook for global tech firms. Shares of Nintendo dropped 7.6% after the maker of the Switch video game console reported lower sales and profit and cut its full-year outlook. It […]
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Global markets: The US markets erased its early morning losses as US Fed chief Jerome Powell signaled less hawkish stance on interest rate hike. Crude oil prices on Multi Commodity Exchange (MCX) too witnessed heavy gains after hitting intraday low of ₹6,169 per barrel and finished at ₹6,363 per barrel, logging intraday gain of ₹232 […]
Indian IT and some IT-enabled tech stocks are widely considered as shadow of Nasdaq index. However, such trend is not visible these days. In last one month, Nasdaq has rallied to the tune of 15 per cent but Indian IT and tech stocks have remained almost unmoved by this rally. In last one month Google […]
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Sensex closed at 60,621.77 lower by 236.66 points or 0.39%. Nifty 50 shed 80.20 points or 0.44% to end at 18,027.65. India’s volatility index dropped by over 1%. Dr. Joseph Thomas, Head of Research, at Emkay Global Financial Services said, “The equity market continued to trade lower in sync with developments abroad, mainly the US […]
Indian markets halted their two-day winning streak on Thursday, the day of the weekly F&O expiry. The broad-based selloff was recorded across indices with consumer durables, FMCG, and media stocks taking the most beating. Sensex erased its psychological mark of 61,000, while Nifty 50 managed to float over 18,100 levels. Also, weak global cues dampened […]
Sensex slipped by 631.83 points or 1.04% to end at 60,115.48. The benchmark gave up its psychological mark of 60,000 in the trading session by touching an intraday low of 59,938.38. However, in the closing hours, the benchmark regained above the 60,000 level. Meanwhile, Nifty 50 shed 187.05 points or 1.03% to close at 17,914.15. […]
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Sensex ended at 60,657.45 down by 636.75 points or 1.04%. While Nifty 50 closed at 18,042.95 lower by 189.60 points or 1.04%. India’s volatility index climbed nearly 6% on Wednesday. Midcaps and small cap’s too shed nearly a percent. India’s services PMI expanded to 58.5 in December 2022 — better than expected. In the previous […]
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Sensex ended at 60,657.45 down by 636.75 points or 1.04%. While Nifty 50 closed at 18,042.95 lower by 189.60 points or 1.04%. India’s volatility index climbed nearly 6% on Wednesday. Midcaps and small cap’s too shed nearly a percent. India’s services PMI expanded to 58.5 in December 2022 — better than expected. In the previous […]
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