Tag Archives: Stock Market NSE BSE Nifty

Sensex Opens Flat, Nifty Below 18,400; RailTel Rallies 4%

Sensex Today: The Sensex and Nifty benchmark indices opened flat on mixed global cues. The BSE Sensex fell 100 points to 61,779, and the NSE Nifty50 slipped 20 points to 18,382.

Among Sensex-30 stocks, Nestle, HUL, HDFC, Bajaj Finance and Bharti Airtel were the top laggards, while Hindalco, Britannia were the additional losers on Nifty.

On the flip side, cipla, Maruti, Grasim, Eicher Motors, Dr Reddy’s, Titan defied weakness and led gains across the benchmarks.

The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.22 per cent higher.

Global Cues

Reports of civilian killings in Polland from Russian missiles has weakened global sentiment. The missile reportedly struck eastern Poland late Tuesday killing two people. The polish government later said it was an isolated incident.

As per reports, US President Biden has called an ’emergency’ meeting with the G7 and NATO leaders following the incident.

Asian markets fell in early morning trade today with the Nikkei, Hang Seng and Kospi falling 0.7-1.2 per cent.

Meanwhile, US equities had closed higher on Tuesday night after wholesale inflation inched 0.2 per cent up for October against an estimated 0.4 per cent increase.

The Dow gained 0.17 per cent, the S&P 500 and the Nasdaq advanced 0.87 per cent and 1.45 per cent, respectively.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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Sensex Opens with Fractional Uptick, Nifty Near 18,100; Key Points

Sensex Today: Domestic markets started on a positive note on Friday morning despite weak global cues and higher crude oil prices. Key indices Nifty50 opened nearly 50 points higher to trade above 18,100 levels, whereas the S&P BSE Sensex advanced over 100 points to trade at 60,968 levels.

Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.5 per cent.

Barring Nifty IT and Nifty Pharma indices, all other sectors traded in a sea of green. Nifty Metal index surged the most, over 1 per cent in trade.

Among individual stocks, shares of Amara Raja Batteries soared over 9 per cent after the company’s net profit grew over 39 per cent YoY to Rs 201.22 crore in Q2FY23.

Global Cues

Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5 per cent next year. MSCI’s broadest index of Asia-Pacific shares outside Japan was 1.09 per cent higher, while Australia’s S&P/ASX 200 index rose 0.27 per cent.

Tokyo stocks opened lower on Friday, with investors disheartened by falls on Wall Street and focus shifting to key US jobs data due later in the day. The benchmark Nikkei 225 index was down 1.34 per cent, or 371.41 points, at 27,291.98 in early trade, while the broader Topix index slipped 0.86 per cent, or 16.69 points, to 1,923.77.

US stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations the Federal Reserve would continue raising interest rates for longer than previously thought.

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Sensex Rises 500 pts At Open, Nifty Above 17,900; Key Points

Sensex Today: Indian equity markets on Monday amid strong global cues and steady foreign inflows had a gap-up opening on the cards. The Sensex was up 511.45 points or 0.85 per cent at 60471.30, and the Nifty was up 147.80 points or 0.83 per cent at 17934.60.

HUL, Dr Reddy’s Laboratories, Infosys, Tata Motors and Tech Mahindra were among major gainers on the Nifty, while only loser is NTPC.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: “Technically the market is poised to continue the ongoing rally aided by support from the mother market US where the Dow’s 828 points rally last Friday recorded fourth straight week of gains. The driving force behind the ongoing rally is the strength of the US economy which is indicating a lower probability of an immediate US recession and, more importantly, indications that inflation is plateauing and might show a declining trend soon. This might enable the FED to slightly moderate their hawkish stance. Already central banks of Canada and Australia have hiked rates below expectations. If this trend spreads, that will favour continuation of the rally in the short-term.”

The fact that FPIs have turned buyers during the last 2 days is another positive. However, DIIs might sell at higher levels since valuations are high, he added.

Global Markets

Asian stock markets climbed cautiously on Monday amid hopes that the Federal Reserve might sound less aggressive about rate hikes this week, while wheat prices leapt after Russia withdrew from a pact allowing Ukrainian grain to transit the Black Sea.

On Friday, the US markets clocked strong gains amid hopes of slower rate hikes and healthy corporate earnings. All three major indexes in Wall Street – Dow Jones, the S&P 500, and NASDAQ Composite gained over 2 per cent each.

On the commodities front, prices of Brent Crude climbed 0.1 per cent to $95 per barrel and WTI Crude was up 0.2 per cent to $88 per barrel.

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