Wednesday, April 14News That Matters

Tag: sensex

Business

Nifty Trades Below 14,200, Sensex Falls Over 300 Points; L&T Outperforms

The Indian equity benchmarks opened lower in trade on Wednesday on the back of subdued global cues. Global stocks slipped from record levels on Tuesday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and US lawmakers continued to debate a new stimulus plan. Those concerns overshadowed impressive results from a slew of companies, including from General Electric and Johnson & Johnson, which had earlier pushed the S&P 500 to a record high. The Sensex fell as much as 304 points and Nifty 50 index dropped below psychological level of 14,200.As of 9:20 am, the Sensex dropped 275 points to 48,106 and Nifty 50 index fell 79 points at 14,160.Asian equities slipped on Wednesday as investors looked to the Federal Reserve's guidance on its monetary poli...
Business

Sensex tumbles 531 points; energy, IT stocks play spoilsport

Image Source : PTI Sensex tumbles 531 points; energy, IT stocks play spoilsport The BSE benchmark Sensex dived nearly 531 points to close at 48,348 on Monday, prolonging its losing streak to the third straight session, weighed down by massive selling particularly in energy and IT stocks. After swinging nearly 1,000 points during the session, the BSE benchmark settled with a loss of 530.95 points or 1.09 per cent at 48,347.59. The 30-share index opened over 375 points higher and hit the day’s high of 49,263.15 before succumbing to selling pressure that took the index to the session's lowest point at 48,274.92. Likewise, the NSE gauge Nifty plunged 133 points or 0.93 per cent to end the session a...
Business

Sensex, Nifty Fall For Third Day In A Row; Reliance Industries Falls Over 5%

The S&P BSE Sensex and NSE Nifty 50 indexes fell for third session in a row on Monday as investors' were seen lightening their positions ahead of the presentation of Union Budget on February 1 in a holiday-curtailed week, analysts said. For most part of the day, the benchmarks fluctuated between gains and losses however, sharp selling in banking shares led to markets cracking in the last hour of trade. The Sensex fell as much as 603 points and Nifty 50 index touched an intraday low of 14,218. The markets will remain closed tomorrow on account of Republic Day.The Sensex ended 531 points or 1.1 per cent lower at 48,348 and Nifty 50 index dropped 133 points or 0.93 per cent to settle at 14,239.Reliance Industries, HDFC, Kotak Mahindra Bank, HCL Technologies Asian Paints and IndusInd Ba...
Business

Sensex, Nifty Fluctuate As Rebound In Banks Offset Reliance Slide

The domestic benchmarks swung between gains and losses as gains in banking stocks outweighed a slide in Reliance Industries, triggered by a sharp drop in third-quarter revenue at the conglomerate's oil-to-chemicals business.The blue-chip NSE Nifty 50 index rose 0.17 per cent to 14,396, while the benchmark S&P BSE Sensex gained 0.12 per cent to 48,938 by 1:31 pm."Today is a day of volatility after the correction on Friday ... It remains a buy on dip market," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors in Mumbai.On Friday, shares ended lower, retreating from record levels hit in the previous session due to weakness in banking and metal stocks.Billionaire Mukesh Ambani-led Reliance Industries slipped as much as 4.7 per cent in morning trade, mar...
Business

Sensex zooms over 340 points in early trade; financial stocks lead rally

Image Source : PTI Sensex zooms over 340 points in early trade; financial stocks lead rally The BSE benchmark Sensex surged 346.55 points in the opening session on Monday, propelled by a rally in financial stocks. The 30-share index was trading 346.55 points or 0.71 per cent higher at 49,225.09 in opening trade. Likewise, the NSE barometer Nifty rose 88.40 points or 0.62 per cent to 14,460.30 in early deals. On the Sensex chart, UltraTech Cement, Bajaj Finance, HDFC, Axis Bank, Bajaj FinServ, HDFC Bank and Mahindra and Mahindra were the prominent gainers. On the other hand, RIL, PowerGrid, Asian Paints, ONGC and ITC were among the major laggards. On Friday, the BSE Sensex had tumbled 746.22 poi...
Business

Sensex, Nifty Gain; UltraTech Cement Top Gainer After Q3 Earnings

Reliance Industries was top Nifty loser, the stock fell 2.55 per cent to Rs 1,997The S&P BSE Sensex and NSE Nifty 50 indexes staged a gap up opening on Monday paced by gains in UltraTech Cement, Titan, Bajaj Finance, HDFC, Tech Mahindra, IndusInd Bank and Bajaj Auto. The Sensex rose as much as 385 points and Nifty 50 index touched an intraday high of 14,491.10. Meanwhile, other Asian shares markets were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.As of 9:21 am, the Sensex was up 259 points at 49,137 and Nifty 50 index climbed 102 points to 14,474.Buying was visible across sectors as all the 11 sector gauges compiled by the National Stock Exchange were trading higher led by...
Business

Nifty Set To Stage Gap Up Opening As Indicated By SGX Nifty

The Indian markets are set to stage a gap up opening as indicated by the Nifty futures traded on the Singapore Exchange. The SGX Nifty also known as the Singapore Nifty was up nearly 1 per cent or 131 points at 14,487. Meanwhile, other Asian shares markets were on the defensive on Monday as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 718.72.The benchmark is below the record high of 727.31 touched last week but up 8.5 per cent so far in January, on track for its fourth straight monthly rise.Japan's Nikkei fell 0.1 per cent.Australian shares were higher after the country's drug regulator approved the Pfizer/BioNTech COVID-19 vac...
Business

Top Stocks: How a Rs 10,000 investment in these stocks grew over the decades | India Business News – Times of India

NEW DELHI: What makes companies stock market favourites? They dare to dream. As equity indices scaled fresh peaks in 2021, here's how an initial push of Rs 10,000 fared over the decades in the below mentioned stocks. IT stocksInfy: Rs 1.5 crore (1995*)Infosys is the stuff of middle class dreams. It was founded as an IT services company in 1981 by seven engineers led by N R Narayana Murthy, with an initial capital of Rs 10,000 that Murthy’s wife gave him. It was money she had saved for a rainy day. The same year it signed its first software client, New York-based Data Basics Corporation. In 1987, it opened its first international office in Boston. Six years later, it introduced an employee stock options programme and the same year, it did a very successful IPO. In 1999, it became the fir...
Business

Sensex tanks 746 points; Nifty ends below 14,375

Image Source : PTI Sensex tanks 746 points; Nifty ends below 14,375 Equity benchmark Sensex plunged 746 points to close at 48,878.54 on Friday, tracking losses in index majors Reliance, HDFC twins and ICICI Bank amid a weak trend in global markets. The 30-share BSE index ended 746.22 points or 1.50 per cent lower at 48,878.54. Similarly, the broader NSE Nifty tumbled 218.45 points or 1.5 per cent to 14,371.90. Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Asian Paints, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance, HDFC and Reliance. On the other hand, Bajaj Auto, Hindustan Unilever, UltraTech Cement, TCS, Bajaj Finserv and Infosys were the gainers. Els...
Business

Sensex Slumps 746 Points In Biggest Single-Day Selloff Of 2021

The S&P BSE Sensex and NSE Nifty 50 indexes fell for second straight session on Friday as investors booked profits at record highs. Friday's selloff marked the worst day for markets in 2021 a day after Sensex crossed above 50,000-mark for the first time. The benchmarks opened lower and extended losses in noon deals owing to intense selling pressure in banking, metal and financial services shares. The Sensex fell as much as 793 points to hit an intraday low of 48,832.08 and Nifty 50 index dropped below its important psychological level of 14,400. Reliance Industries was top drag on the Sensex ahead of its December quarter earnings.The Sensex dropped 746 points or 1.5 per cent to close at 48,879 and Nifty 50 index tumbled 218 points or 1.5 per cent to end at 14,372.Nine of 11 sector g...