Tag: SensexOpening

Indian equities opened weak on Friday, with the Sensex losing nearly 300 points and the Nifty slipping below 25,800 as caution set in ahead of the Bihar election results. The four-day rally paused, dragged down by declines in metal, IT, auto and FMCG stocks.

Among major movers, Pine Labs made a firm debut with a 9.5% premium, while Muthoot Finance surged nearly 10% after reporting strong Q2 earnings. Tata Motors’ commercial vehicles arm fell around 3% after posting a ₹867-crore net loss in its first quarterly results post-listing.

On the macro front, India’s retail inflation eased sharply to 0.25% in October, strengthening expectations of a possible RBI rate cut in December. IPO sentiment stayed strong, with large issues seeing healthy demand.

In the Nifty 50, Asian Paints led the gainers with a rise of about 3.7%, followed by Hindalco and ICICI Bank. On the losing side, M&M, Bharat Electronics and other metal-linked stocks featured among the top drags.

Also Read: Sensex & Nifty pause after four-day rally

Indian equities opened on a weak note Thursday, with the Sensex swinging between gains and losses and the Nifty holding firm above 25,850. Investors turned cautious ahead of updates on the India-U.S. trade deal, while IT and financial stocks weighed on sentiment.

Markets paused after a three-day rally as traders booked profits in select heavyweights. However, buying in FMCG and pharma counters helped offset some of the pressure.

Among key movers, Honasa Consumer surged 7%, Lupin gained over 4%, and Asian Paints rose nearly 3%. On the downside, Tata Motors Commercial Vehicles (TMCV) dropped about 3%, while Tech Mahindra, Axis Bank, and Infosys also traded lower.

Broader indices showed a mixed trend, with mid- and small-cap stocks holding relatively steady amid cautious global cues.

Also Read: Sensex jumps 595 pts, Nifty crosses 25,850

Indian benchmark indices extended gains on Wednesday amid optimism over a possible trade deal with Washington and the reopening of the US government. Investor confidence also strengthened after Bihar exit polls indicated a likely win for the incumbent NDA alliance, boosting hopes of political stability.

The BSE Sensex climbed nearly 500 points in early trade, while the NSE Nifty 50 crossed the 25,800 mark. Tech Mahindra led the rally among blue-chip stocks, followed by TCS, Bharti Airtel, Eternal, and Infosys, driving the Nifty IT index higher. The tech uptrend was further supported by U.S. President Donald Trump’s comment that the country needed more skilled foreign workers, easing concerns over visa restrictions.

Meanwhile, mild profit-booking was seen in auto and defence counters such as Maruti Suzuki and Bharat Electronics Ltd (BEL). Analysts said firm global cues, upbeat political signals, and strong performance by IT majors kept market sentiment buoyant in early trade.

Also Read: Sensex up 336 points, Nifty above 25,700, BEL, Adani Ports gain