Benchmark indices pared most of their early losses to trade marginally lower on Thursday afternoon, with the Sensex down 195.10 points or 0.24 per cent to 82,149.58 and the Nifty down 54.30 points or 0.21 per cent to 25,288.45 as of 12:30 pm. The indices opened flat, with the Sensex at 82,368.96 against the previous […]
The Nifty Metal Index fell sharply on Thursday as profit booking and rebalancing in global commodity markets triggered a correction after a strong rally, said Aditya Welekar, AVP, Axis Securities.According to Welekar, metal stocks had risen sharply in recent months, with valuations pricing in a near-perfect bull case scenario. “Any decline in underlying commodity prices […]
Benchmark indices rose on Friday amid a broad-based rally in banking, real estate, metals and auto stocks. The NSE Nifty 50 index hit an all-time high of 26,340 today before closing 182 points or 0.70 percent positive at 26,328.55. BSE Sensex ended 573.41 points or 0.67 percent higher at 85,762.01, after rising over 740 points […]
Indian shares ended flat on Friday with a negative bias, with the Sensex and Nifty swinging between red and green as investors locked in gains near record levels and weighed expectations of possible rate cuts in both the US and India alongside incoming domestic growth signals.The S&P BSE Sensex fell 13.7 points, or 0.02%, to […]
The Indian market ended lower on Tuesday as broad profit-taking dragged the Sensex and Nifty lower, offsetting strength in public sector metals and banking stocks. Consumer and IT stocks led the decline, while metal stocks rose on optimism over a possible US-China trade deal, and PSU banks advanced on reports that the government may raise […]
The Indian market advanced on Thursday, led by gains in IT and metals stocks. Investors turned bullish on Tata Consultancy Services’ quarterly results, while a recovery in base metal prices added momentum to the rally. The S&P BSE Sensex rose 398.44 points, or 0.49%, to close at 82,172.10, and the NSE Nifty 50 gained 135.65 […]
Indian shares can extend their upward momentum next week, with Nifty on its way to 25,300 and Bank Nifty probably 55,200 attempt, said Rajesh Palviya, Senior VP – Technical and Derivatives Research at Axis Securities. “Nifty succeeded in giving an outbreak of the falling trend line on the daily graph and to keep comfortable above […]
Indian shares started at a peak last week, with the radical tax cuts of the GST council that caused the hope for a broad rally. However, the rally bustled as fast as he started. By Friday, the Nifty gave up a lot of his early win. The step of the GST council to simplify the […]
The Indian market ended higher on Wednesday, with banking and metal shares of leading profits, while investors were waiting for updates from a gods and services Tax (GST) council meeting that are expected to weigh the rate reductions on different products. The NSE Nifty went to 135.45 points, or 0.55%, to end at 24,715.05, while […]