The market broke the four-day gaining momentum as bears took control on D-Street with Nifty failing to hold the 11,900. At close, the BSE Sensex shed 148.82 points to end at 40,558.49 and the Nifty50 closed with a loss of 41.20 points at 11896.50. “We closed within the current range of the Nifty i.e. 11650-12050….
Taking Stock: Nifty manages to close above 11,900 in a volatile session, realty stocks shine
The Nifty failed to hold 12,000 in a highly volatile session on October 21 but helped by metal and realty stocks, the equity benchmark managed to close above 11,900. The Sensex jumped 162.94 points to end at 40707.31 and the Nifty closed with gains of 40.90 points at 11937.70. “Indices managed to close in the…
Sensex, Nifty rise over 1% each; top 5 triggers behind the market rally
Indian equities witnessed strong buying interest in the early trade on October 21 as the key equity indices Sensex and Nifty jumped over a percent each within the first hour of trade. At 10:05 hours, Sensex was 390 points, or 0.96 percent, up at 40,934.60 while Nifty was at 12,004.60, up 108 points or 0.91…
Sensex, Nifty rally 1% each; small midcaps underperform
Indian market started the week on a strong note pushing benchmark indices above their crucial resistance levels. The S&P BSE Sensex is back above 40,000 while the Nifty50 reclaimed 11800 levels supported by strong global cues. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 448 points to 40,431 while…
Bulls back on Street as Sensex rallies over 250 points, but closes below 40K
Indian market picked up momentum on October 16 after falling over 2 percent in the previous trading session. The S&P BSE Sensex rallied by more than 250 points while the Nifty50 reclaimed 11,700 levels. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 254 points to 39,982 while Nifty50 was…
Sensex slips off day’s highs, closes 276 points up; Nifty above 11,500
The Indian market ignored muted global cues and rising coronavirus infections to rally on October 5 riding high on buyback news from the IT major TCS and green shoots in the economy. The S&P BSE Sensex gave up gains towards the close of the session but still rallied nearly 300 points while the Nifty50 reclaimed…
Sensex rallies 600 points; Nifty50 reclaims 11,600 level
Indian market jumped to a seven-month high on October 6 led by gains in financials, realty, and auto stocks. The S&P BSE Sensex rose 600 points to close at 39,574 while the Nifty50 went past the crucial 11,650 level and ended 159 points higher at 11,662. Sectorally, the action was seen in finance, realty, Bankex, and auto stocks…
Nifty back above 11,700; small midcaps underperform
The Indian market rallied for the fifth consecutive day to close in the green on October 7, staving off negative global cues after US President Donald Trump abruptly called off until after the election the talks with Democratic lawmakers on a second coronavirus relief package. The rally pushed the benchmark indices towards crucial resistance levels—…
Terrific Thursday! Sensex back above 40,000; Nifty reclaims 11,800
Indian market witnessed its sixth consecutive day of gains on October 8 as bulls pushed benchmark indices beyond crucial resistance levels. The S&P BSE Sensex reclaimed 40,000 for the first time since February 25 while Nifty closes above 11800. Let’s look at the final tally on D-Street – the S&P BSE Sensex witnessed profit booking…
Dovish RBI policy boosts market; Nifty closes above 11,900 levels
Indian market rallied for the seventh straight day in a row to hit a fresh 7-month high on October 9 led by financials after Monetary Policy Committee (MPC) announced measures to boost growth even without a rate cut, and kept the stance ‘Accommodative’. The S&P BSE Sensex rallied over 300 points while the Nifty50 closed above…