Wednesday, May 12News That Matters

Tag: sensex

Business

Sensex Surges Over 1,000 Points, Nifty Above 14,550 Led By Banking Shares

The S&P BSE Sensex and NSE Nifty 50 indexes staged a gap up opening in trade on Tuesday a day after the Indian equity benchmarks recorded their best performance on a budget day in over two decades after the finance minister announced a slew of measures to revive the pandemic-hit economy. The Sensex rose over 1,000 points to hit an intraday high of 49,640 and Nifty 50 index climbed 287 points or 2 per cent to hit an intraday high of 14,568.30.As of 9:21 am, the Sensex was up 1,020 points at 49,620 and Nifty 50 index advanced 282 points to 14,563. Source link
Business

Fingers crossed: Dalal Street on the edge – Times of India

MUMBAI: Investors on Dalal Street are bracing for a volatile week with the Budget on Monday and an RBI policy meet on Friday. Historical data show that most of the leading indices suffered sharp swings on Budget day as investors reacted to the finance minister’s proposals during the speech. And as a quick-reaction to the overall Budget proposals, both the sensex and the Nifty either closed higher or lower for the day. As it happens ahead of every Budget, this time too market players are keeping their fingers crossed. The FM had said earlier that this fiscal event would be unlike anything that was seen in a century. Traders, however, warned that — given the pandemic-induced economic hardships — the FM has to walk a tightrope, mainly between spending to rejuvenate the economy and reining ...
Business

Market sell-off extends to 6th day; all eyes on Budget

Image Source : PTI Market sell-off extends to 6th day; all eyes on Budget The Sensex and Nifty buckled under selling pressure for the sixth session on the trot on Friday as the pre-Budget Economic Survey failed to cheer investors amid continued selling by foreign funds and a bearish trend overseas. Both the benchmark indices fluctuated between gains and losses in a highly volatile session. The 30-share BSE Sensex crashed 588.59 points or 1.26 per cent to finish at 46,285.77 -- taking the six-session aggregate loss to 3,506.35 points or 7.04 per cent. Intra-day, the index swung 1,263.20 points. Likewise, the NSE Nifty furthered its loss by 182.95 points or 1.32 per cent to settle at 13,634.60. O...
Business

Sensex, Nifty Fall For Sixth Session In A Row Ahead Of Budget 2021

The benchmarks opened higher and gave up gains in late noon deals.The S&P BSE Sensex and NSE Nifty 50 indexes fell for sixth session in a row on Friday ahead of presentation of Union Budget for upcoming financial year on Monday as traders and investors were seen lightening their positions ahead of the major economic event, analysts said.Markets witnessed a spike in volatility during the session as India VIX index spiked 4 per cent. The Sensex tumbled as much as 714 points and Nifty 50 index fell below its important psychological level of 13,600.The Sensex ended at 46,285.77, down by 588.59 points or 1.26 per cent at closing on the Bombay Stock Exchanges and the Nifty 50 index dropped 182.95 points to end at 13,634.60.The benchmarks opened higher and gave up gains in late noon deals....
Business

Sensex, Nifty Give Up Gains Ahead Of Economic Survey

The S&P BSE Sensex and NSE Nifty 50 indexes gave up intraday gains ahead of presentation of the Economic Survey by the Chief Economic Adviser (CEA) Krishnamurthy Subramanian. The Sensex fell as much as 685 points from the day's highest level and Nifty 50 index briefly fell below 13,800.As of 11:56 am, the Sensex was down 28 points at 46,845 and Nifty fell 7 points to 13,810.Government is likely to predict economic growth of 11 per cent in the fiscal year beginning April 1 in its annual economic survey later on Friday, news agency Reuters reported citing a source.The Economic Survey is expected to dwell on the progress made by the Indian economy in the previous year and also present forecasts on the year ahead, in light of the fact that novel coronavirus pandemic-triggered lockdown b...
Business

Sensex, Nifty Set To Open Higher On Positive Global Cues

The S&P BSE Sensex and NSE Nifty 50 indexes are set to open higher on the back of positive global cues. Asian stock markets recovered on Friday but are headed for their steepest weekly loss in months, as a liquidity squeeze in China and a Wall Street retail-trading frenzy has unnerved investors. Meanwhile, Nifty futures traded on Singapore Exchange was also indicating a strong start for the markets. SGX Nifty futures was up 124 points at 13,966. In yesterday's session, the benchmarks fell for a fifth session in a row.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9 per cent, but is headed for a weekly loss of more than 3 per cent, the sharpest such fall since September.Japan's Nikkei was steady but tracking toward its first weekly loss of 2021, having fallen 1.5 p...
Business

Sensex, Nifty Fall For Fifth Day In A Row; HDFC Bank, Infosys Top Drags

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fifth session in a row on Thursday as traders lightened their positions ahead of Union Budget on Monday. Volatility was high during the session as futures and option contracts for the month of January expired. The benchmarks staged a gap down opening and extended losses wherein the Sensex fell as much as 891 points and Nifty 50 index briefly fell below its important psychological level of 13,750.The Sensex ended 536 points or 1.13 per cent lower at 46,874.36 and Nifty 50 index dropped 150 points to settle at 13,818."It is a healthy correction from record highs and looking at the derivative rollovers it seems traders are lightening their positions ahead of the Budget which is a good sign to go into a major economic event," AK Prabh...
Business

Sensex Slumps Over 800 Points, Nifty Below 13,750; PSU Banks Worst Hit

The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in afternoon trading on the back of a broad-based selling pressure as traders were seen lightening their positions ahead of Union Budget on Monday amid monthly expiry of January futures and option contracts due later today. The benchmarks staged a gap down opening and extended losses wherein the Sensex fell as much as 891 points and Nifty 50 index briefly fell below its important psychological level of 13,750.As of 12:57 pm, the Sensex fell 818 points to 46,592 and Nifty dropped 237 points to 13,730."It is a healthy correction from record highs and looking at the derivative rollovers it seems traders are lightening their positions ahead of the Budget which is a good sign to go into a major economic event," AK Prabhakar, hea...
Business

Sensex tanks 938 points; Nifty crashes below 14,000-level

Image Source : PTI Sensex tanks 938 points; Nifty crashes below 14,000-level The BSE benchmark Sensex crashed 938 points to slip below the 47,500 mark and the NSE Nifty plunged below the psychological 14,000 level due to rampant selling across counters. Marking its fourth straight session of loss, the Sensex tumbled 937.66 points or 1.94 per cent to settle at 47,409.93 – taking the aggregate four-session loss to 2,382.19 points or 4.78 per cent. Intraday, the BSE gauge swung 1,117.65 points. Likewise, the NSE Nifty plunged 271.40 points or 1.91 per cent to close the session at 13,967.50. Over the last four sessions, the 50-share index has lost 677.20 points or 4.62 per cent. On the Sensex cha...
Business

Sensex Slumps Over 500 Points, Nifty Below 14,100 Led By Losses In Banks

The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in noon deals led by losses in banking, financial services and pharma stocks. The benchmarks opened lower and extended slide wherein the Sensex plunged as much as 561 points to fall below 48,000 mark and Nifty 50 index slumped below its important psychological level of 14,100 to hit an intraday low of 14,084.90. Investors resorted to profit booking at record highs ahead of presentation of Union Budget on February 1, analysts said.As of 12:06 pm, the Sensex fell 545 points to 47,802 and Nifty 50 index dropped 154 points or 1 per cent to 14,084.Monthly expiry of January futures and option contracts tomorrow was also adding to the selling pressure in the markets, analysts added.HDFC Bank, HDFC, Reliance Industries, Axis Bank, ...