Nifty50 rallies 4% on FO expiry; falls 25% in March series

The bulls remained in charge of D-Street from the beginning of the session on March 26 pushing the S&P BSE Sensex higher by over 1,400 points while the Nifty50 reclaimed 8,600 levels on the March F&O expiry day. Let’s look at the final tally on D-Street – the Nifty50 rose 323 points to close at…

No lockdown for bulls! Short covering helps Nifty climb 8,300 levels

Short covering on D-Street helped bulls take out crucial resistance levels on March 25, a day ahead of F&O expiry. The S&P BSE Sensex rallied more than 1,800 points while Nifty50 reclaimed 8,300 levels. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 1,861 points to 28,535 while the Nifty50…

Market takes a breather with Sensex gaining 1,800pts; 6 key factors that are at play

A fresh wave of across-the-board buying engulfed the Indian equity market, pushing the benchmarks higher on March 25. Sensex jumped 2,116 points whereas Nifty topped 8,376 in intraday trade. Eventually, Sensex closed 1,862 points, or 6.98 percent, up at 28,535.78 and Nifty was 517 points, or 6.62 percent, up at 8,317.85. BSE Midcap and Smallcap…

FM comments soothe nerves; Nifty off high but holds 7,800

Tracking strong global cues, the Indian market started off on a positive note but then witnessed profit-taking. The news about the finance minister holding a press conference took Nifty50 above 8,000 levels on hopes of the announcement of a stimulus package during the day. The indices lost momentum when the FM said the stimulus package…

Rs 14 lakh cr M-cap eroded in a day; Sensex below 26,000

It was a fast and furious fall we witnessed on D-Street which pushed the S&P BSE Sensex below 26,000 while the Nifty50 plunged more than 1,000-points to break multiple support levels on its way down. Investors lost nearly Rs 14 lakh cr in terms of market capitalisation. The average market capitalisation of the BSE-listed companies…

BSE Bankex, Realty, Auto, Finance, Energy indices plunge over 10% each

A sharp selloff engulfed equities from all sectors as the BSE Bankex, Realty, Auto, Finance and Energy indices fell over 10 percent each in the morning trade on March 23. All sectoral indices were in the red, falling between 5 percent to 12 percent. Among the bank and financial stocks, shares of City Union Bank,…

Sensex, Nifty hit lower circuits: What does it mean?

Indian equity benchmarks Sensex and Nifty hit their 10 percent lower circuits in early trade on March 23. Consequently, trading on Dalal Street was halted for 45 minutes. Indian stock exchanges have been implementing index-based market-wide circuit breakers since July 2, 2001, based on the Securities and Exchange Board of India (SEBI) guidelines. The…

Nifty snaps 4-day losing streak, logs biggest single-day gain in 6-months

Thank God It’s Friday. Finally, there is some green on the trading screen. Indian market on March 20 snapped a four-day losing streak tracking positive global cues. The Nifty50 rallied nearly 6 percent to post its biggest single-day gain since September 20, 2019 when the index rose 5.3 percent. The S&P BSE Sensex closed a…

Volatile Thursday! Sensex, Nifty, Nifty Bank @3-yr low

What a day it has been for Indian markets. A ray of hope when Sensex turned green but bears hammered benchmark indices below their crucial support levels. The Nifty50 closed below 8,300 while the S&P BSE Sensex closed below 29,000. The S&P BSE Sensex, Nifty50, and Nifty Bank hit a fresh 3-year low amid the…