Sensex, Nifty rise on RBI#39;s dovish policy; PSU banks outshine

Indian market ended in the green for the second straight session on April 7 after the Reserve Bank of India (RBI) kept key policy rates unchanged and maintained its accommodative stance. Sensex rose 460.37 points or 0.94% to close at 49,661.76, while Nifty was up 135.50 points or 0.92% to end at 14,819. “Indian market is invigorated by…

Sensex, Nifty end flat amid volatility; metal, pharma outperform

Indian markets ended flat on April 5 after a highly volatile session, with the Sensex closing 42.07 points, or 0.09 percent, higher at 49,201.39 and the Nifty ending 45.70 points, or 0.31 percent, up at 14,683.50. “The Index is trading in a range between 14,450 and 14,900. The markets have been trading in a confused state…

Market loses 1% on weak global cues but FY21 best ever in absolute terms

After closing strong in the previous session, the benchmark indices lost a percent on the last day of the financial year 20-2021. At close, the Sensex was down 627.43 points, or 1.25 percent, at 49,509.15 and the Nifty was 154.40 points, or 1.04 percent, lower at 14,690.70. “Weak cues from across the globe forced the…

Sensex up 568 points, Nifty above 14,500 as midcaps outperform

After two days of selloff, Indian markets started the April series on a positive note, with the Sensex gaining 568.38 points, or 1.17 percent, to close at 49,008.50 and the Nifty ending 182.40 points, or 1.27 percent, higher at 14,507.30 on March 26. “Equity market has been consolidating under fear of losing its traction of…

Risk-off sentiment plays as Sensex, Nifty end near 1-month low

The market ended near a 1-month low on March 24 amid weak global cues and concerns regarding a second wave of COVID-19 infections in India. At close, the Sensex was down 871.13 points, or 1.74%, at 49,180.31, and the Nifty was down 265.40 points, or 1.79%, at 14,549.40. “The support range of 14,750 was disrespected…

IT, pharma help market recover; mid, smallcaps outperform

The market ended flat in a highly volatile session on March 22 supported by last-hour buying in IT, metal, pharma and FMCG names. The Sensex closed 86.95 points, or 0.17 percent, down at 49,771.29 and the Nifty ended 7.60 points, or 0.05 percent, lower at 14, 736.40. Fear of a second coronavirus wave, elevated bond…

Market bounces back, Sensex up 642 points, Nifty above 14,700

The market snapped a five-day losing streak gaining over a percent in a highly volatile session on March 19. At close, the Sensex was up 641.72 points, or 1.30 percent, at 49,858.24 and the Nifty was up 186.10 points, or 1.28 percent, at 14,744. All the sectoral indices ended in the green, with the Nifty energy…