Market ends at record closing highs; metals underperform

The market recovered from initial losses and finished higher on January 14 with Nifty near 14,600. The Sensex was up 91.84 points or 0.19% at 49,584.16, and the Nifty was up 30.70 points or 0.21% at 14,595.60. “Despite better-than-expected results of Infosys and Wipro, the IT sector witnessed selling in its opening trade. However, the…

Market slips from record high amid volatility; mid smallcap underperform

After hitting record highs, the market witnessed profit-booking and ended flat on January 13. The Sensex was down 24.79 points or 0.05% at 49,492.32, and the Nifty was up 1.40 points or 0.01% at 14,564.90. “Following positive global cues and ease in inflation in December, the market opened with good gains. However, selling in heavyweights due…

Record rally continues with Nifty closing above 14,550, PSU banks outshine

Market continued its upward journey closing higher for the third straight session on January 13 led by auto and financial stocks. The BSE Sensex was up 247.79 points or 0.50% at 49,517.11, and the Nifty was up 78.70 points or 0.54% at 14,563.50. “The pace of the market rally continued despite RBI’s caution over elevated…

Sensex zooms past 49,000, Nifty closes in on 14,500

The market began the week on a strong note with the benchmark indices finding new highs led by IT and auto stocks. The BSE Sensex closed 486.81 points, or 1 percent, high at 49,269.32, and the Nifty was up 137.50 points, or 0.96 percent, at 14,484.80. “Improved outlook for third-quarter earnings along with strong global…

Profit booking drags Nifty below 14,150, IT, FMCG packs underperform

Profit booking in IT and FMCG stocks dragged the indices from the record highs in morning trade. Nifty finished the day below 14,150 level. The BSE Sensex shed 263.72 points or 0.54% at 48,174.06, and the Nifty was down 53.20 points or 0.37% at 14,146.30. “Market is experiencing volatility due to weak Asian market and profit booking…

Bulls push Nifty above 14,200, Sensex up 260 pts; IT stocks in focus

The Indian market continued its upward journey with Nifty breaching the 14,200 level for the first time. At close, the Sensex was up 260.98 points or 0.54% at 48,437.78, and the Nifty up 66.60 points or 0.47% at 14,199.50. “Bulls put to rest worries across Europe on account of the lockdown as IT & Financials led…

Indices end at record closing high with Sensex above 48k

The Indian market has had a perfect start to 2021 as it managed to close in the green for the second straight session in the new calendar. Both Sensex and Nifty ended the session at record closing highs. At close, the Sensex was up 307.82 points or 0.64% at 48,176.80, and the Nifty was up 114.40…

Nifty ends 1st session of 2021 above 14k

The market kicked off the new calendar year 2021 on a positive note with Nifty managing to end above 14,000 levels for the first time. At close, the Sensex was up 117.65 points or 0.25% at 47,868.98, and the Nifty was up 36.70 points or 0.26% at 14,018.50. “With a hope that 2021 will be…

Nifty posts gains of 15% , best since 2017; FII inflows top Rs 1.6 lakh crore

The bulls retained their hold of Dalal Street for the fifth consecutive year in 2020, with the Nifty gaining 15 percent, though the index failed to hold on to the psychologically important 14,000-mark to end flat on December 31. As the coronavirus tore through the world, lives were upended and economies wrecked. The Indian market,…

Supported by auto and metal stocks, bulls take Nifty close to 14k

The rally backed by auto and metal stocks helped the market to end at a record high on December 30, with the Nifty closing just a shade away from the 14,000-mark. The Sensex was up 133.14 points, or 0.28 percent at 47,746.22 and the Nifty was up 49.40 points, or 0.35 percent, at 13,982. “Once…