Nifty Jumps By A Ton; Banks Lose Interest

The Indian equity market closed with handsome gains on Wednesday extending its winning streak for the second consecutive trading session. RBI’s decision of reducing interest rates by 50bps lifted sentiment on the street. Today’s rally was led by metals, FMCG, healthcare and IT stocks. Even the interest rate sensitive stocks like realty and auto participated in the upswing. However, the bank index, which was expected to see a strong follow up...

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Sensex, Nifty Trading Firm; Pharma, Metal Stocks Gain

The S&P BSE Sensex is trading at 25,962 up 184 points, while NSE Nifty is trading at 7,886 up 43 points. The BSE Mid-cap Index is trading up 0.88% at 10,711 whereas BSE Small-cap Index is trading up 0.88% at 11,000. All sectors are in green except banking sector showing weakness on BSE. Tata Steel, Bharti Airtel, Hindalco, Tata Motors, HUL, Coal India, BHEL and ITC are among the gainers, whereas ONGC, Vedanta, SBI, GAIL, Axis Bank,...

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Sensex, Nifty Rally; Pharma, Capital Goods Stocks Gain

The S&P BSE Sensex is trading at 25,956 up 177 points, while NSE Nifty is trading at 7,889 up 46 points. The BSE Mid-cap Index is trading up 0.81% at 10,703 whereas BSE Small-cap Index is trading up 0.91% at 11,003. All sectors are in green on BSE. Tata Steel, Hindalco, Coal India, Vedanta, ITC, Sun Pharma and Dr. Reddy's are among the gainers, whereas GAIL and Cipla are losing sheen on BSE. The India VIX (Volatility) index is down...

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Pre-Market : Gap Down Opening Seen On Nifty; May Retest 7,700 Levels

The 50-share Nifty index is expected to open lower with a gap on Tuesday tracking selloff in other Asian markets, ahead of the Reserve Bank of India's (RBI) fourth bi-monthly monetary policy review which is scheduled for today. The index may retest its crucial psychological level of 7,700 tracking Asian markets which were trading lower amid worries about the health of China's economy, and its potential impact on the global economic growth.  At...

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Sensex, Nifty In Green Post RBI Policy

Acceding to the growing voices for a rate cut from the Indian industry at large and perhaps exceeding their expectations, Reserve Bank of India, in its fourth bi-monthly monetary policy of the current fiscal, has cut the repo rate by 50 basis points to 6.75%, its lowest since May 2011. The cash reserve ratio (CRR), currently at 4 per cent, expectedly was kept the same. At 11:21 AM, the S&P BSE Sensex is trading at 25,554 down 63 points,...

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Sensex Falls Over 250 Points; Banking, Pharma Stocks Drag

The S&P BSE Sensex is trading at 25,348 down 269 points, while NSE Nifty is trading at 7714 down 82 points. The BSE Mid-cap Index is trading down 1.04% at 10,463 whereas BSE Small-cap Index is trading down 0.81% at 10,828. All sector are showing weakness on BSE. Infosys is the only gainer, whereas GAIL, TCS, Vedanta, ICICI Bank, Tata Steel, Hindalco, Cairn, Lupin and Bharti Airtel are losing sheen on BSE. The US indices – Dow, Nasdaq...

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Nifty Likely To Open Weak, F&O Expiry To Add Volatility

The domestic stock market is likely to open weak and remain volatile on Thursday amid the expiry of September series futures and options contracts. The US market closed on a tepid note in overnight trade, with Dow Jones Industrial Average ending 50 points, or 0.31 per cent, lower at 16,279. Most Asian markets got off to a cautious start on Thursday after more dour economic news from China and the United States. The SGX Nifty futures were trading...

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Sensex, Nifty Choppy; Banking, Capital Goods Stocks Drag

The S&P BSE Sensex is trading at 25,791 down 32 points, while NSE Nifty is trading at 7,829 down 17 points. The BSE Mid-cap Index is trading up 0.51% at 10,628, whereas BSE Small-cap Index is trading up 0.81% at 10,967. The India VIX (Volatility index) is down 4.14% at 19.83. Lupin, Bajaj-Auto, Maruti Suzuki, Infosys, GAIL, Dr. Reddy's Laboratories and Cipla are among the gainers, whereas ONGC, Coal India, Tata Steel, L&T and RIL are...

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Sensex, Nifty To Open On A Weak Note

The outlook is a weak start as indices brace for the F&O expiry. Nifty rollovers are lower at 50 per cent as on Wednesday. Global cues remain subdued with Asian markets mostly in the red. US indices shed some weight. Economic news from China remains a cause for concern. Meanwhile, premium values of select Bank Nifty options have jumped almost 10 times in the last two days suggesting heightened uncertainty, says a report. The rupee is...

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