Manic Monday! Sensex falls nearly 500 pts as trade war fear grips markets

Bears took control of D-Street from the beginning of the trade and pushed the Sensex below 39,000 and Nifty below 11,700 towards the close of the trade on June 17 to register 1-month closing low. Weak global cues, trade war fears, high valuations, rise in crude oil prices, delay in monsoon, and reduction in the…

Nifty50 fails to hold 11,900; down 0.4% for the week

Indian market witnessed volatile swings on either side throughout the week. Both Sensex and Nifty50 fell by about 0.4 percent each for the week ended June 14. The Nifty50 which formed a “Bearish Belt Hold’ kind of pattern on the daily charts recorded a bearish candle on the weekly chart for the second consecutive week…

Nifty holds 11,900 after a tug of war between bulls and bears

The tug of war between the bulls and the bears continued throughout the day on June 13. The day ended with a consolation prize for both parties as indices closed mixed. Nifty managed to close in the green above 11,900 while the Sensex closed marginally in the red. The Nifty50 moved in a 100-point range…

Bulls lose control as FIIs cut their shopping spree

Bears dominated D-Street on June 12 largely affected by weak global cues and some profit taking as the index was trading in a narrow range in the last three trading sessions. Absence of fresh triggers, fall in foreign liquidity and high valuations were among some of the other factors that weighed on sentiment, suggest experts….

Profit booking at 40K limit upside; keep an eye on inflation data

Sensex and Nifty again failed to hold 40,000 and 12,000, respectively, on June 11 due to profit booking as soon as the indices hit those milestones. In terms of sectors, metals took the lead, followed by oil & gas and banks. Banking heavyweights led Nifty and Nifty Bank higher. The Nifty Bank closed 231 points…

Nifty reclaims 11,900; over 200 stocks hit 52-week low

Indian markets witnessed a volatile Monday but the good news is that Nifty managed to close above 11,900 while Sensex gained over 160 points. Final tally on D-Street – Sensex rose 168 points to 39,784 and Nifty closed 52 points higher at 11,922. Global stocks rallied after the United States shelved plans to impose tariffs on Mexico….

A volatile Friday! Sensex, Nifty snap 3-week winning streak

It was indeed a roller coaster ride for investors as Nifty moved in a 100-point range with wild swings on either side on June 7. Benchmark indices closed with minor gains, but for the week, both Sensex and Nifty snapped their 3-week winning streak and closed with losses of 0.25 percent, and 0.44 percent respectively….

Lack of any major step for NBFC crisis pulls Sensex 550 pts lower

Sensex cracked more than 500 points giving up 40,000 and Nifty tanked more than 170 points to post their worst fall of 2019 after the RBI’s Monetary Policy Committee slashed repo rate by 25 bps. The final tally on D-Street – Sensex plunged 553 points to 39,529 while the Nifty50 closed 177 points lower at 11,843….

Indices consolidate ahead of RBI policy outcome on June 6

After a blockbuster day, Indian market took a breather on June 4 but held on to crucial support levels towards the close of the trade. The S&P BSE Sensex closed above 40,000 while Nifty50 also managed to hold 12,000. The final tally on D-Street – the S&P BSE Sensex fell 184 points to 40,083 while…

Sensex, Nifty climb wall of worries to hit record highs

It was a historic day as both Sensex and Nifty hit record highs despite weak global cues on June 3. The S&P BSE Sensex closed above 40,000 for the first time while the Nifty50 closed above 12,000 for the first time in history. The final tally on D-Street – the S&P BSE Sensex rose 553…