Tag: SensexClosing

Equity markets suffered their steepest fall in over two months on Wednesday, with the BSE Sensex plunging 1,680 points and the Nifty 50 closing below the 23,900 mark as geopolitical tensions and soaring crude oil prices triggered widespread selling.

The sharp decline was driven by heavy selling in financial, banking, information technology and oil-linked stocks. Investors turned cautious after renewed tensions involving the US and Iran pushed Brent crude prices higher, raising concerns over inflation, corporate margins and India’s import bill.

Among the few gainers were Oil and Natural Gas Corporation (ONGC), Bajaj Auto and Wipro, supported by rising crude prices and selective defensive buying. Major losers included oil marketing companies such as Bharat Petroleum, Hindustan Petroleum and Indian Oil Corporation, along with aviation and financial stocks that came under pressure from higher fuel costs and profit booking.

Broader markets also ended sharply lower, with mid- and small-cap stocks extending losses as investors reduced exposure to riskier assets. Analysts attributed the sell-off to weak global cues, rising volatility, foreign institutional investor selling and caution ahead of the earnings season.

Despite the sharp correction, market experts believe India’s long-term fundamentals remain intact. They expect sentiment to stabilise once geopolitical concerns ease and investors shift their focus back to corporate earnings and domestic economic indicators.

Also Read: Titan rises 4% after strong Q1 update

The equity indices ended lower on Tuesday, snapping a four-session winning streak as investors booked profits in heavyweight stocks and remained cautious ahead of key global developments.

The BSE Sensex fell 104 points to close at 80,582, while the NSE Nifty 50 slipped below the 24,400 mark to settle at 24,379. The market opened on a firm note and traded in positive territory during the first half of the session before surrendering gains amid late selling in select blue-chip counters.

Shares of Trent, Reliance Industries, Kotak Mahindra Bank, Axis Bank and Bajaj Finance were among the biggest drags on the benchmark indices, pulling the market lower in the final hours of trade. Profit booking in these heavyweight stocks weighed on overall investor sentiment.

On the other hand, Eternal (formerly Zomato), Tata Steel, JSW Steel, Hindalco Industries and NTPC emerged among the top gainers, supported by buying in metal and select energy stocks. Strength in the metal pack helped limit broader market losses despite weakness in financial and consumer-focused counters.

Market participants remained cautious as they awaited further clarity on global trade developments, the trajectory of interest rates and the upcoming corporate earnings season. Investors also monitored movements in crude oil prices and foreign institutional investor (FII) activity, both of which continue to influence domestic market sentiment.

Broader markets presented a mixed picture, with sectoral indices closing in varied territory. Metal stocks outperformed, while financial services and consumer discretionary stocks witnessed selling pressure.

Despite Tuesday’s decline, market experts believe investors are likely to remain focused on quarterly earnings, domestic economic data and global cues over the coming weeks. They advise investors to stay selective and maintain a long-term approach as markets navigate near-term volatility and shifting global sentiment.

Also Read: India, Japan unite for UNICORN naval project

Indian benchmark indices extended their winning streak for a fourth straight session on Monday, supported by strong buying in banking stocks and positive investor sentiment. The BSE Sensex climbed 521.16 points to close at 78,285.07, while the NSE Nifty50 gained 159.50 points to settle at 24,430.35, crossing the 24,400 mark for the first time in nearly 10 weeks.

Banking stocks led the rally after several private lenders reported healthy business updates for the April-June quarter. HDFC Bank, Axis Bank, IndusInd Bank and Bandhan Bank were among the top gainers after reporting steady loan and deposit growth. Realty and metal stocks also witnessed strong buying, adding to the market’s momentum.

On the other hand, Kotak Mahindra Bank emerged as one of the top losers after its quarterly business update fell short of market expectations. Information technology stocks also remained under pressure as investors stayed cautious ahead of the upcoming earnings season.

The broader market remained positive as easing crude oil prices, a favourable monsoon and renewed buying by foreign institutional investors (FIIs) boosted confidence. Analysts said these factors have improved expectations for inflation and economic growth, encouraging investors to increase their exposure to equities.

Among the sectoral indices, Bank Nifty outperformed the broader market, while the realty index also posted strong gains. Stocks such as Godrej Properties, Oberoi Realty and Lodha Developers advanced sharply during the session.

Also Read: Standard Chartered trims India branches

The markets ended the week on a strong note, with benchmark indices posting solid gains as investors cheered robust buying in technology, financial and infrastructure stocks.

The BSE Sensex surged 541 points to close at 80,792, while the NSE Nifty50 climbed 168 points to settle above the 24,300 mark. Positive global cues, steady foreign investor interest and optimism around corporate earnings supported the market throughout the session.

Technology stocks led the rally after HCLTech announced a $1.14-billion artificial intelligence deal with a Europe-based Fortune Global 50 company. The announcement boosted investor sentiment, helping IT shares outperform the broader market.

Among the day’s top gainers were HCLTech, Adani Enterprises, Infosys, Tech Mahindra and Power Grid Corporation. Adani Enterprises also remained in focus after expanding its Qualified Institutional Placement (QIP) from ₹10,000 crore to ₹15,000 crore following strong institutional demand.

On the other hand, Trent, Tata Consumer Products, Titan Company, Asian Paints and Nestlé India were among the major laggards, as investors booked profits in select consumer-facing stocks.

Broader markets also ended in positive territory, with the Nifty Midcap and Smallcap indices registering gains, reflecting improved investor confidence beyond frontline stocks.

Market participants said easing concerns over global crude oil prices and expectations of stable domestic economic growth continued to support buying interest. Investors also remained optimistic ahead of the upcoming corporate earnings season, hoping for healthy quarterly results from major companies.

Trading volumes remained healthy as investors increased exposure to sectors expected to benefit from rising technology spending and infrastructure investments.

Also Read: PM Modi, Japan PM inaugurate Maruti’s Kharkhoda plant

Indian benchmark indices ended higher on Thursday, extending their winning streak as strong buying in information technology stocks and easing crude oil prices lifted investor sentiment. The Sensex climbed nearly 580 points, while the Nifty 50 closed above the 24,150 mark after a positive trading session.

Technology stocks led the rally, with HCL Technologies, Infosys and Tech Mahindra emerging among the top gainers. Gains in heavyweight stocks such as Reliance Industries and Mahindra & Mahindra also supported the benchmarks, helping markets maintain momentum throughout the day.

On the other hand, Trent, Bharat Electronics (BEL) and Canara Bank were among the major losers, limiting the day’s gains as investors booked profits in select counters.

Broader markets also witnessed healthy buying, with the mid-cap and small-cap indices ending in positive territory. Most sectoral indices closed in the green, led by IT, auto and consumer stocks, while PSU banks remained under pressure.

Investor confidence received an additional boost from softer global crude oil prices. Lower oil prices are seen as positive for India as they help reduce inflationary pressures, improve corporate profitability and support economic growth.

Despite the upbeat equity markets, the rupee ended slightly weaker against the US dollar after giving up its early gains.

Also Read: Sony’s PlayStation goes all digital

Markets ended higher on Wednesday, with the Sensex rising 444 points and the Nifty closing above the 24,000 mark, supported by strong buying in banking and auto stocks despite mixed global cues.

The BSE Sensex settled at a higher level after a volatile session, while the Nifty 50 managed to reclaim and hold above 24,000, reflecting steady investor confidence in select heavyweights. Market sentiment was largely driven by sector-specific movements, with banking and automobile shares leading the gains.

Among the top gainers, Kotak Mahindra Bank and Tata Motors stood out, attracting strong buying interest through the session. Financial stocks saw renewed momentum on expectations of stable credit growth, while auto stocks gained on optimism around demand and healthy sales trends.

Other supporting stocks included select IT and pharma counters, which helped lift the broader indices. Positive movement in these sectors helped offset weakness in metals and select energy stocks.

On the losing side, metal stocks remained under pressure, tracking weak global cues and concerns over demand outlook. Profit booking was also seen in some commodity-linked counters, which capped broader market gains during intraday trade.

Broader markets showed mixed performance, with mid-cap and small-cap indices moving in a narrow range as investors awaited further global and domestic triggers. Analysts said caution persisted due to volatility in crude oil prices and ongoing geopolitical uncertainties.

Global factors, including movements in US markets and oil price fluctuations, continued to influence investor sentiment. However, domestic fundamentals such as steady corporate earnings and sustained institutional inflows provided underlying support to the market.

Also Read: Shankh Mitra second in global CEO pay

The stock market ended lower on Monday as profit booking in banking and information technology stocks pulled benchmark indices into the red. The BSE Sensex dropped 372 points to close at 79,379, while the NSE Nifty50 fell 100 points to settle at 23,944, slipping below the crucial 23,950 mark.

Heavy selling in banking stocks weighed on investor sentiment, with Kotak Mahindra Bank emerging among the top losers after announcing that CEO Ashok Vaswani would not seek another term. Persistent Systems also declined sharply after its proposed acquisition of Germany-based Nagarro raised concerns over the deal’s valuation. Other notable laggards included Axis Bank, HCLTech and Bajaj Finance.

On the positive side, Trent, Tata Steel, JSW Steel, Hindalco Industries and UltraTech Cement were among the day’s top gainers, supported by buying in metal and consumer-focused stocks. Gains in these counters, however, were insufficient to offset losses in heavyweight banking and IT shares.

Monday’s decline was largely driven by profit booking following the market’s recent rally. Investors also remained cautious ahead of key global economic data and continued to track foreign institutional investor (FII) activity.

Sector-wise, banking, financial services and information technology indices led the losses, while metals and select infrastructure stocks witnessed buying interest. Broader markets showed mixed performance, with mid-cap and small-cap stocks outperforming benchmark indices in several pockets.

The rupee traded within a narrow range against the US dollar, while crude oil prices remained largely stable, offering little direction to the market.

Also Read: BIS warns AI boom faces rising global financial risks

Markets ended Thursday on a firm note, with the BSE Sensex closing 109 points higher and the NSE Nifty finishing above the 24,050 mark as investors continued to buy into heavyweight stocks.

The benchmark indices moved higher through the session, supported by gains in banking, financial and information technology shares. The broader mood on Dalal Street remained positive as traders reacted to supportive global cues and easing concerns over recent geopolitical tensions.

Market participants said sentiment improved after signs of stability in overseas markets and steady foreign investor interest. Positive trends across Asian markets also helped lift confidence, while strong buying in blue-chip names such as HDFC Bank, ICICI Bank, Infosys and TCS kept the indices in the green. Among the top gainers, banking and IT counters led the charge, while select FMCG and auto stocks, including Hindustan Unilever, ITC and Maruti Suzuki, were among the laggards.

Banking stocks were among the biggest contributors to the rally, with investors betting on healthy credit growth and a steady domestic economy. Financial and IT shares also saw sustained demand, helping the market hold on to gains despite some intraday volatility. On the other hand, profit-booking in a few consumer and automobile names kept the upside in check.

Even so, experts cautioned that global growth worries and trade-related uncertainties have not gone away. They said markets may remain volatile in the near term, but the broader trend still looks constructive as long as economic indicators stay supportive.

For investors, Thursday’s close offered another sign of resilience in Indian equities after a period of uneven trading earlier this year. Many are now watching whether the benchmark indices can build on this momentum and move closer to fresh highs in the coming weeks.

The rupee traded in a stable range, while crude oil prices and global bond yields remained on traders’ radar. Attention now shifts to upcoming economic data and corporate earnings, which are likely to guide market direction in the days ahead.

Also Read: Vishal Sikka launches AI firm Hang Ten, secures $32 mn

The markets staged a strong comeback on Wednesday, with the Sensex soaring nearly 791 points and the Nifty closing above the crucial 24,000 mark as easing geopolitical concerns, falling crude oil prices and renewed buying in banking stocks boosted investor sentiment.

The BSE Sensex ended the day at 76,991.22, up 790.54 points or 1.04%, while the NSE Nifty50 gained 197.55 points, or 0.83%, to settle at 24,021.65. The rally came after recent uncertainty linked to developments in the Middle East and reflected improving confidence among domestic and foreign investors.

Banking stocks emerged as the biggest drivers of the market’s advance. HDFC Bank and ICICI Bank rose around 2.5% each, helping lift benchmark indices. Investors welcomed comments from Reserve Bank of India Governor Sanjay Malhotra, who indicated that discussions around interest rate hikes were premature as broad inflation pressures remain under control.

Lower crude oil prices also supported market sentiment. Oil prices have declined sharply since signs of easing tensions between the United States and Iran, reducing concerns about inflation and import costs for India. Expectations of progress in India-US trade discussions further added to the positive mood on Dalal Street.

Among the day’s top gainers were HDFC Bank, ICICI Bank, Trent and several information technology stocks including Infosys and Tech Mahindra. Textile shares also witnessed strong buying interest on hopes of stronger export demand.

On the losing side, Vedanta remained under pressure after a major promoter stake sale through a block deal worth more than ₹2,100 crore. Some energy-related stocks also saw limited gains as investors assessed the impact of softer commodity prices.

Broader markets also participated in the rally, with mid-cap and small-cap indices ending higher. Analysts said improving foreign fund flows, easing oil prices and supportive central bank commentary helped drive the recovery.

Also Read: Oracle cuts 21,000 jobs amid aggressive AI push