Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks.
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global market trends are also likely to influence sentiments, traders said.
Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said. Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far. Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.
Sustained buying in heavyweights like L&T, Reliance and ICICI Bank and power scrips (BHEL, NTPC and REL) saw the index zoom to a high of 17,838 - an intra-day gain of nearly 890 points - towards the closing bell. The NSE Nifty finished with a gain of 273 points (5.5%) at 5,202.
The NSE Nifty moved up 74 points at 4,524. The market breadth was positive - out of 2,716 stocks traded, 1,830 advanced, 809 declined, and 77 were unchanged. The index finally ended with a gain of 296 points at 15,185.
The Sensex opened 31 points higher at 17,404. Though it went a bit higher to 17,414, the higher levels could not be sustained. The index slipped into the negative zone, losing 143 points. It finally ended with a loss of 34 points at 17,339. The NSE Nifty shed 8 points to end at 5,135.50. Bhel was the biggest Sensex loser, declining 4.12%. TCS was the biggest gainer in the index, up 3%. Reliance Capital topped the value chart with a turnover of Rs 240.15 crore.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
The Sensex opened a tad higher at 15,770 - up 13 points - but slipped into negative zone soon on weak cues from Asian markets. The Sensex recouped some ground in late noon deals, and finally ended with a loss of 169 points at 15,588. The NSE Nifty settled 51 points lower at 4,710. L&T, Wipro, Tata Steel, Ranbaxy, Grasim, NTPC, Maruti, M&M, TCS, Infosys and Hindustan Unilever were major losers. BHEL, Bharti Airtel, ICICI Bank, HDFC and SBI were major gainers.
IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors
The NSE Nifty closed at 3,679, up 70 points.
The NSE Nifty is trading at 6,001, up 40 points. HDFC has advanced 1.6% to Rs 2,917.
After a strong start to the week on Tuesday, the Sensex this morning opened 15 points higher at 16,868 amid subdued global cues.
The market breadth was fairly positive - out of 2,789 stocks traded, 1,431 advanced, 1292 declined and 66 were unchanged on Tuesday. The NSE Nifty settled with a loss of 53 points at 5,105 points.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
The Sensex opened 52 points lower at 16,687, and soon slipped to a low of 16,598. The Sensex finally ended with a gain of 45 points at 16,784. The NSE Nifty moved up 12 points to close at 5,049. BHEL and Jaiprakash Associates soared 5.5% each to Rs 1,872 and Rs 246, respectively. ACC, ONGC and Cipla gained 2.3% each at Rs 819, Rs 1,054 and Rs 231, respectively. HDFC, ICICI Bank, ITC, DLF, L&T, Tata Motors and Ambuja Cements were other gainers. TCS slumped 10.6% to Rs 887.
The NSE index, Nifty, on Thursday surged over the 5,000-points mark in early trade, on aggressive buying by foreign and domestic funds. It gained 75.05 points at 5015.55 in the first five minutes of trade and hovered around the 5000 mark.
The Sensex opened marginally higher at 14,415
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts
The index is now down 12 points at 5,187. The Nifty is at 1,625 - down four points.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Bombay Stock Exchange 30-share index resumed better at 21,278.08
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
In 10 sessions Sensex rose over 8%
In a range-bound trading, the BSE benchmark Sensex ended a shade higher by 1.57 points in the special 90-minute trading today as funds refrained from making any major commitments in the absence of global cues.
Investor wealth on Tuesday soared by nearly Rs 1 lakh crore as stocks rallied after the RBI hiked a key policy rate to tame inflation while enhancing liquidity for the banking system.
Dragged down by a massive fall in the stock market, total investor wealth slumped by nearly Rs 3 lakh crore on Tuesday as shares of over 2,200 listed firms ended in the red.
Metals bucked the trend and shone across the board.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
On the gaining side, Hero Moto, SBI, HDFC, HUL and L&T have gained between 1-1.4 per cent.
Markets in green tracking firm global cues.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Profit booking in realty, oil and gas, capital goods, power and metal stocks pulled the index down to the day's low of 25,347.33 points.
Sensex climbs higher on favourable global cues.
Markets at close: Sensex ends in green; Nifty rises to new closing peak.
ITC, Sun Pharma, HDFC and Coal India were among the top gainers.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.