A strong wave of across-the-board selling enveloped Indian market on September 19, causing the benchmarks Sensex and Nifty to fall to their 7-month low levels. Close at its lowest level since March 1, the BSE Sensex plunged for 470 points or 1.29 percent to settle at 36,093.47 with only four stocks – Tata Motors, HDFC…
Sensex, Nifty end higher ahead of US Fed rate decision
Indian equity market ended in the green on September 18 ahead of a widely expected rate cut by the US Federal Reserve. The US Fed will conclude its policy meeting later today in the light of conflicting economic data and constant pressure from the US government for interest rate cuts. After a two day losing…
Nifty turns negative for 2019; investors lose Rs 2.38 lakh cr in a day
Indian equity market suffered strong losses on September 17 due to a widespread selloff as depreciating rupee and geo-political tensions spooked investor’s sentiment. Global crude oil prices eased slightly but remained on the elevated levels while the threat of retaliation over the attacks on Saudi oil facilities kept investors on tenterhooks. The poor health of…
Attack on Saudi crude facilities scorches Indian equities, currency; consumer durables aides
A steep rise in global crude oil prices dragged Indian equities and currency down on September 16. “The sharp surge in crude oil prices has definitely impacted sentiments as it has an adverse impact on the Indian economy. Going forward, investors would keep a close watch on geo-political developments as any further escalation could take…
Bank, auto stocks help Sensex and Nifty end with gains
Supported by gains in banking shares, NBFC, IT and auto heavyweights, benchmark indices Sensex and Nifty closed higher on September 13, . After rangebound trade for majority of the session, markets recovered sharply in late afternoon session and gained nearly a percent amid volatility. “News of payment default by an NBFC Altico Capital and mixed…
Market ends in negative on profit-booking
The Indian equity ended in the red on Septemeber 12 on profit-booking as caution crept in ahead of the release of key macroeconomic numbers, later in the day. The five-day gains in Nifty and three-day rally in Sensex came to a halt after a fresh wave of selling emerged hours before the government data could…
Nifty continue upward march; auto, bank shine
Indian Benchmark index Sensex closed in the green for the third successive session on September 11, supported by gains in shares of bank and auto heavyweights, including Maruti Suzuki, State Bank of India and Tata Motors. The market remained in the positive terrain throughout the session in the light of easing Sino-US tensions. Besides, the…
Market ends 1% higher; auto stocks in top gear
Indian benchmark indices Sensex and Nifty closed in the green on September 6, underpinned by hopes of a trade truce between the US and China and stimulus from major central banks of the world. The European Central Bank is all but certain to approve new stimulus measures on September 12 to boost an ailing economy. On…
Auto shines in a lacklustre market; banks, financials bleed
After a rangebound session, Indian equity benchmark Sensex and Nifty ended mixed on September 5 as investors remained cautious in the absence of any fresh positive trigger for the market at home. The market remained torn today, supported by positive global cues and rupee’s rise against the US dollar, and pressured by losses in…
Bank, financials help Sensex, Nifty end higher
Benchmark indices Sensex and Nifty closed higher on September 4, supported by gains in shares of bank and finance heavyweights, including HDFC twins, ICICI Bank and State Bank of India. The market remained volatile during the session as investors remained cautious in the weak macroeconomic environment. However, improved global cues and rupee’s fresh rise against…