Sensex tanks 433 pts, Nifty ends below 11,200; Kotak Bank, Zee Ent slip 3-5%

  Sanjeev Zarbade, VP PCG – Research at Kotak Securities  “Major global equity markets sold off during the current week on fears of economic weakness after the US ISM manufacturing purchasing managers’ index declined to 47.8 in September, the lowest since June 2009. There were also fears of trade protectionism as US put fresh tariffs…

Sensex down 300 pts, Nifty around 11,200; Kotak Bank, ICICI Bank top losers

<!– Altico Capital fund infusion: CNBC TV18 reported, 4-5 players have shown initial interest in buying portfolios or acquiring a stake. Cerberus Cap, Apollo Global, Kotak Realty Fund, Edelweiss Special Opportunities Fund and SSG Capital are in talks with lenders for a potential deal. Yes Bank, HDFC Bank, SBI, IFC, BoB are among the key…

Market continues downward march; Yes Bank, BPCL shine

Indian equities closed in the red for the fourth session in a row on October 3, as investors await the outcome of the country’s central bank’s policy meet. The Reserve Bank of India’s monetary policy committee (MPC) meeting is underway and the central bank will announce the policy rates on October 4. Global markets too…

Sensex, Nifty fall 1%; investors lose Rs 1.85 lakh crore in a day

A sharp selloff in the Indian market resulted in losses to the equity benchmarks for the third consecutive session on October 1 as worries over a crisis in the banking and NBFC space deepened. The market opened higher but failed to hold altitude, with the health of banks and NBFCs weighing on investor sentiment. The…

Market falls for 2nd straight day; banks, financials top drag

Indian market extended losses into the second consecutive session on September 30, dragged by poor show by a select bank and financial heavyweights, including HDFC twins, ICICI Bank, IndusInd Bank and State Bank of India. Investors kept their bets low amid lack of fresh triggers at home and mixed global cues, while Rupee’s slide against…

Market loses steam on profit-booking; mixed global cues weigh

A day after logging healthy gains, Indian equities lost steam on September 27 on account of profit-booking amid mixed global cues. A fall in global crude oil prices and rupee’s rise against the US dollar capped the losses of the market. “The market traded rangebound and settled with a cut of over half a percent…

Market recovers most previous day losses amid positive global cues

Indian market closed with wholesome gains on September 26, mirroring the trend in other major markets in the world. Investor sentiment got a fillip after positive comments from China on a trade deal with the United States. As per Reuters, the Chinese commerce ministry said Beijing is in close communication with Washington and is preparing…

Investors lose Rs 2 lakh cr in a day as weak global sentiment weighs on Nifty, Sensex

The Indian market suffered sharp losses on September 25, a day before the September futures and options expiry, as weak global sentiment made investors take money off the table and avoid fresh bets on riskier equities. Global sentiments turned negative after US lawmakers, on September 24, called for an impeachment inquiry into President Donald Trump,…

Sensex, Nifty snap two-day losing streak; PSBs shine

Hopes of fresh stimuli by the government gave a fillip to investor sentiment as Sensex and Nifty broke the losing run of the last two consecutive sessions, ending with healthy gains on August 30. Gains in shares of bank, finance, FMCG and IT heavyweights underpinned the gain of equity barometer Sensex which endured bouts of…

Sensex, Nifty fall over 2% on poor macroeconomic indicators

Worries over the deteriorating health of the Indian economy spooked investors as the domestic equity market witnessed strong selloff on September 3. The market witnessed some recovery last week after FM Nirmala Sitharaman introduced a slew of measure to revive economy. However, gross domestic product (GDP) data released on August 30, which marked growth at 5…