Investor sentiment indicates turnaround, 11,700 a decisive level for Nifty

Samvat 2076 began on a positive note for the Indian market as equity barometer Sensex and Nifty logged healthy gains on Muhurat trading on October 27. The Nifty index managed to reclaim 11,600 levels on the Muhurat trading day which is a positive sign. The rally was broad-based and experts say that there is a…

Positive start for Samvat 2076! Sensex up 192 pts, Nifty above 11,600

The Samvat 2076 began on a positive note for the Indian market as equity barometer Sensex and Nifty logged healthy gains on Muhurat trading on October 27. The Sensex closed 192 points, or 0.49 percent higher at 39,250.20 with 19 stocks in the green, while the Nifty closed 43 points, or 0.37 percent, up at…

Bank stocks face the heat of SC AGR order; SBI falls 5%

Shares of most public and private sector banks came under strong pressure after the Supreme Court rejected the telecom companies’ definition of Adjusted Gross Revenue (AGR). With the judgment, the SC has exposed the incumbent telcos to potential demands by DOT of up to Rs 1.33 lakh crore. While telecom stocks such as Vodafone Idea…

Sensex, Nifty slip as BJP fails to impress in Maharashtra, Haryana polls

After jumping more than 250 points in the early trade, the Sensex fell over 100 points on October 24 on profit-booking in select IT, bank and auto heavyweights. Investor sentiment was roiled by trends of Maharashtra and Haryana assembly poll results. The ruling BJP was on course to win Mahrashtra but Haryana was increasingly looking…

Bulls back on D-St! Hold positions and wait for a breakout above 11,772

Bulls pushed the index back above crucial resistance levels on October 23 to help the Sensex end above 39,000, while the Nifty50 reclaimed 11,600 levels. Late buying helped bulls take charge of D-Street. The index took support at its 5-days Exponential Moving Average (EMA) for the 8th consecutive day in a row. This particular short…

Taking Stock! Sensex below 39K; Infosys m-cap drops by Rs 50K cr

Indian markets underperformed global markets as both the Sensex and the Nifty closed below their crucial support levels. The S&P BSE Sensex witnessed a fall of more than 300 points, closing below 39,000 while the Nifty50 broke below 11,600 levels. The final tally on D-Street – the S&P BSE Sensex plunged 334 points to close…

Sensex, Nifty gain 6th day in a row; investor wealth soars Rs 6.36 lakh cr

Positive global sentiment and hopes of better quarterly numbers kept the Indian market benchmarks in the green for the sixth session in a row, leading to a three-month closing high. After opening lower, the equity barometer Sensex jumped higher as investors cheered the new Brexit deal between the UK and European Union, while hopes of…

Nifty likely to open lower; LIC Housing Finance, Just Dial top buys

The SGX Nifty is signalling at a negative start for the Indian market on October 18 even as most Asian peers are in the green after the United Kingdom and the European Union agreed on a new Brexit deal. Concerns about the Chinese economy are likely to cap gains with data expected to show weaker growth….