Profit-booking drags Nifty below 14,400, Sensex plunges over 700 pts

Axis Bank, Asian Paints, JSW Steel, Hindalco Industries and SBI were among major losers on the Nifty, while gainers included Bajaj Auto, Hero MotoCorp, Eicher Motors, HUL and TCS. After hitting record highs in the previous session, benchmark indices fell for the second day in a row on January 22 on the back of selling…

Sensex closes in on 50K, Nifty above 14,600 led by IT, auto, financials

Bulls continued their dominance for the second straight session on January 20 pushing benchmark indices to a fresh record high amid buying in IT, auto and financial names. At close, the Sensex was up 393.83 points or 0.80% at 49,792.12, and the Nifty was up 123.50 points or 0.85% at 14,644.70. “The market witnessed strong trends…

Bulls back in action as Sensex gains over 800 pts; realty outperforms

Bulls took charge of the Dalal Street on January 19 which helped the market recover most of the previous two sessions losses amid supporting global cues. At close, the Sensex was down 470.40 points or 0.96% at 48,564.27, and the Nifty was down 152.40 points or 1.06% at 14,281.30. “The Nifty has closed around its…

Profit-booking pulls Nifty below 14,450; Sensex drops 549 points

The market remained under pressure on January 15 on the back of profit-booking across sectors amid weak global cues. At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and Nifty was down 161.90 points or 1.11% at 14,433.70. “The market witnessed profit-booking and following global trends. Nifty continues to resist 14,600 and has…

Market ends at record closing highs; metals underperform

The market recovered from initial losses and finished higher on January 14 with Nifty near 14,600. The Sensex was up 91.84 points or 0.19% at 49,584.16, and the Nifty was up 30.70 points or 0.21% at 14,595.60. “Despite better-than-expected results of Infosys and Wipro, the IT sector witnessed selling in its opening trade. However, the…

Market slips from record high amid volatility; mid smallcap underperform

After hitting record highs, the market witnessed profit-booking and ended flat on January 13. The Sensex was down 24.79 points or 0.05% at 49,492.32, and the Nifty was up 1.40 points or 0.01% at 14,564.90. “Following positive global cues and ease in inflation in December, the market opened with good gains. However, selling in heavyweights due…

Record rally continues with Nifty closing above 14,550, PSU banks outshine

Market continued its upward journey closing higher for the third straight session on January 13 led by auto and financial stocks. The BSE Sensex was up 247.79 points or 0.50% at 49,517.11, and the Nifty was up 78.70 points or 0.54% at 14,563.50. “The pace of the market rally continued despite RBI’s caution over elevated…

Sensex zooms past 49,000, Nifty closes in on 14,500

The market began the week on a strong note with the benchmark indices finding new highs led by IT and auto stocks. The BSE Sensex closed 486.81 points, or 1 percent, high at 49,269.32, and the Nifty was up 137.50 points, or 0.96 percent, at 14,484.80. “Improved outlook for third-quarter earnings along with strong global…

Profit booking drags Nifty below 14,150, IT, FMCG packs underperform

Profit booking in IT and FMCG stocks dragged the indices from the record highs in morning trade. Nifty finished the day below 14,150 level. The BSE Sensex shed 263.72 points or 0.54% at 48,174.06, and the Nifty was down 53.20 points or 0.37% at 14,146.30. “Market is experiencing volatility due to weak Asian market and profit booking…