Latest news with #BenchmarkSensex
Hans India
3 days ago
- Automotive
- Hans India
Stock markets close higher on firm global trends
Mumbai: Benchmark Sensex closed higher by 123 points while Nifty rose for a sixth consecutive day on Wednesday following a rally in global markets amid optimism over US-China trade talks and foreign fund inflows. In a volatile session, the 30-share BSE Sensex rose by 123.42 points or 0.15 per cent to settle at 82,515.14. During the day, it climbed 391.79 points or 0.47 per cent to 82,783.50 , driven by gains in IT and energy shares. In its sixth straight day of gains, the 50-share NSE Nifty ended 37.15 points or 0.15 per cent up at 25,141.40. The index moved between a low of 25,081.30 and a high of 25,222.40 during the day. In the six sessions to Wednesday, Nifty gained 598 points or 2.42 per cent. After a flat start, the Nifty gradually moved higher in the first half and tested the resistance at 25,200, but failed to sustain the momentum at close, Ajit Mishra – SVP, Research, Religare Broking Ltd said. From the Sensex pack, HCL Tech, Infosys, Tech Mahindra, Reliance Industries, Bajaj Finserv, ICICI Bank, Tata Motors and Eternal were the lead gainers. Power Grid, Adani Ports, IndusInd Bank, Nestle, HDFC Bank and Hindustan Unilever were among the laggards. 'Profit-booking continues in the broader markets, driven by elevated domestic valuations. However, large-cap resilience is supporting the indices, with institutional investors favouring companies with stable earnings outlooks. 'Auto and IT sectors remain in focus - auto stocks are gaining on improved monthly sales, while IT shares are benefiting from optimism around a potential US-China trade resolution,' Vinod Nair, Head of Research, Geojit Investments Ltd, said. The BSE smallcap gauge went up by 0.06 per cent while midcap index dipped 0.12 per cent. 'Benchmarks ended with marginal gains on Wednesday extending their consolidation phase. Positive developments in US-China trade talks and a steady global equity environment helped buoy sentiment, though gains were tempered by profit-booking in certain sectors,' Satish Chandra Aluri, Analyst, Lemonn Markets Desk, said. Among sectoral indices, oil & gas surged the most by 1.83 per cent, followed by energy (1.33 per cent), BSE Focused IT (1.30 per cent), IT (1.25 per cent), teck (1.01 per cent), healthcare (0.74 per cent) and auto (0.19 per cent). Financial Services, FMCG, industrials, power, utilities, services, capital goods and bankex were among the laggards. As many as 2,227 stocks advanced while 1,821 declined and 132 remained unchanged on the Institutional Investors (FIIs) bought equities worth Rs 2,301.87 crore on Tuesday, according to exchange data.
Hans India
27-05-2025
- Business
- Hans India
Markets surge for 2nd day on positive cues
Mumbai:Benchmark Sensex on Monday advanced by 455 points to close at over a week's high due to buying in auto and IT shares following positive macro factors and easing trade worries as US President Donald Trump delayed 50 per cent EU tariffs to July 9. Rising for the second session, the 30-share BSE Sensex jumped 455.37 points or 0.56 per cent to settle at 82,176.45. During the day, it surged 771.16 points or 0.94 per cent to 82,492.24. The NSE Nifty climbed 148 points or 0.60 per cent to settle at 25,001.15, a level not seen since May 16. The early arrival of monsoon and the Reserve Bank announcing a record Rs 2.69 lakh crore dividend to the government for FY25 also added to the optimistic trend in the markets, experts said. Among Sensex stocks, leading tractor and auto manufacturer Mahindra & Mahindra rose the most by 2.17 per cent. HCL Tech, Tata Motors, Nestle, ITC, Hindustan Unilever, Larsen & Toubro, and Tech Mahindra were the major gainers. In contrast, Eternal, UltraTech Cement, Power Grid, Tata Steel and Kotak Mahindra Bank were among the laggards. Eternal dropped the most by 4.51 per cent. India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to the government for FY25, 27.4 per cent higher than 2023-24, helping the exchequer to tide over challenges posed by US tariffs and increased spending on defence due to the conflict with Pakistan. 'The US decision to consider extending the deadline for imposing aggressive tariffs on EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets. These developments suggest that trade negotiations are progressing constructively, which could help moderate market volatility. 'Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets,' Vinod Nair, Head of Research, Geojit Investments Limited, said. 'Although the market pared most of its early gains, benchmark indices closed above their key psychological levels on steady all-round buying support due to optimism in European indices and mixed Asian cues,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. The BSE midcap gauge climbed 0.56 per cent and smallcap index went up by 0.48 per cent. Among sectoral indices, auto jumped 1.04 per cent, BSE Focused IT (1.04 per cent), FMCG (0.93 per cent), industrials (0.98 per cent), IT (0.95 per cent), capital goods (0.91 per cent), teck (0.88 per cent) and oil & gas (0.67 per cent).
The Print
08-05-2025
- Business
- The Print
Stock markets fall in volatile trade on rising India-Pak tensions
However, the barometer lost momentum in the afternoon session as selling emerged in FMCG, auto, and select banking shares. It tanked 759.17 points or 0.94 per cent to hit a low of 79,987.61 in the pre-close session. The 30-share Sensex declined by 411.97 points or 0.51 per cent to close at 80,334.81 with 23 of its constituents ending in the red. The index opened higher and traded in a range in the first half of the session. The index hit a high of 80,927.99 in late-morning deals. Mumbai, May 8 (PTI) Benchmark Sensex declined by nearly 412 points in a volatile session on Thursday due to selling in banking, FMCG and auto shares triggered by escalating tensions between India and Pakistan. The NSE Nifty closed lower by 140.60 points or 0.58 per cent to 24,273.80. Intra-day, it fell 264.2 points or 1 per cent to 24,150.20. Indian Armed forces foiled attempts by the Pakistani military to engage a number of military targets in Northern and Western India using drones and missiles last night and destroyed a Pakistani air defence system in Lahore, officials said on Thursday. The Pakistani military attempted to target Awantipura, Srinagar, Jammu, Pathankot, Amritsar, Kapurthala, Jalandhar, Ludhiana, Adampur, Bhatinda, Chandigarh, Nal, Phalodi, Uttarlai, and Bhuj, they said. These were neutralised by the Integrated Counter Unmanned Aircraft System (Grid and Air Defence systems), the defence ministry said. 'Today morning Indian armed forces targeted air defence radars and systems at a number of locations in Pakistan. Indian response has been in the same domain with the same intensity as Pakistan,' the ministry said in a readout. 'It has been reliably learnt that an air defence system at Lahore has been neutralised,' it said. In a strong retaliation to the Pahalgam massacre, India's armed forces early on Wednesday destroyed nine terror sites including that of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long 'measured and non-escalatory' mission. From the Sensex firms, Eternal, Mahindra & Mahindra, Maruti, Bajaj Finance, Tata Steel, Bharti Airtel, Bajaj Finserv, Asian Paints, Power Grid and State Bank of India were among the laggards. Kotak Mahindra Bank, Axis Bank, Titan, HCL Tech, Tata Motors, Infosys and Tata Consultancy Services were the gainers. The BSE midcap gauge dropped 1.90 per cent and smallcap index declined 1.05 per cent. 'The Indian equity market experienced profit-booking by the end of the trading day due to escalating tensions between India and Pakistan, marked by increased cross-border exchanges. 'The FOMC policy meeting provided little reassurance, as the FED expressed concerns that aggressive US tariffs could fuel inflation and raise unemployment,'Vinod Nair, Head of Research, Geojit Investments Limited, said. However, the global market remains stable and positive, buoyed by expectations of an imminent US trade deal with the UK and preliminary indications of trade talks with China. 'Amid escalating tensions with Pakistan, Indian equity markets ended lower on Thursday, with benchmarks slipping into the red after a volatile session,' Vikram Kasat, Head – Advisory, PL Capital, said. Among sectoral indices, realty tanked 2.60 per cent, oil & gas (1.98 per cent), auto (1.92 per cent), power (1.86 per cent), utilities (1.85 per cent), commodities (1.67 per cent), consumer discretionary (1.58 per cent) and services (1.57 per cent). IT and BSE Focused IT were the only gainers. As many as 2,548 stocks declined while 1,349 advanced and 135 remained unchanged on the BSE. 'Ongoing uncertainty continues to make traders cautious, potentially clouding the prevailing trend amid lingering geopolitical tensions,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,585.86 crore on Wednesday, according to exchange data. In Asian markets, South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in the positive territory. Markets in Europe were trading with gains. US markets ended higher on Wednesday. Global oil benchmark Brent crude climbed 1 per cent to USD 61.75 a barrel. After gyrating between highs and lows during the day on Wednesday, the BSE benchmark ended 105.71 points or 0.13 per cent higher at 80,746.78. The 50-issue Nifty of NSE advanced by 34.80 points or 0.14 per cent to settle at 24,414.40. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
