Market snaps 4-day winning streak, plunges 2%; pharma outperforms

The benchmark indices ended almost 2 percent lower and broke the four-day winning momentum on April 30, dragged by banking and auto names. At close, the Sensex was down 983.58 points, or 1.98 percent, at 48,782.36, and the Nifty was down 263.80 points, or 1.77 percent, at 14,631.10. The indices, however, gained 2 percent for…

Indices end higher for 4th straight day amid monthly expiry

Benchmark indices ended with marginal gains and extended their winning streak to the fourth consecutive session on April 29, the monthly expiry. At close, the Sensex was up 32.10 points or 0.06% at 49,765.94, and the Nifty was up 30.40 points or 0.20% at 14,894.90. Sectorally, the metal index rose 4.5 percent, while auto and PSU bank…

Bulls tighten grip, market up 1.5%; all eyes on Fed meet outcome

Benchmark indices continued the winning momentum for the third consecutive session on April 28, gaining 1.5 percent ahead of the Federal Reserve policy meeting outcome. At close, the Sensex was up 789.70 points, or 1.61 percent, at 49,733.84, and the Nifty was up 211.50 points, or 1.44 percent, at 14,864.50. Except metal and pharma, all other sectoral…

Market rises 1% for second straight day; metal, financials stock lead

Indian market gained over 1 percent for the second consecutive session on April 27. At close, the Sensex was up 557.63 points or 1.15% at 48,944.14, and the Nifty was up 168 points or 1.16% at 14,653. All the sectoral indices ended in the green with PSU  bank and metal indices rising over 2 percent each, while…

Sensex, Nifty gain 1% amid positive global cues; realty, metal stocks outshine

Benchmark indices started the week on a positive note with Nifty closing near the 14,500 amid positive global and buying in metal, bank and realty stocks. At close, the Sensex was up 508.06 points or 1.06 percent at 48386.51, and the Nifty was up 143.60 points or 1.00 percent at 14485. Except for pharma, all other sectoral indices…

Sensex up 375 points, Nifty goes past 14,400; metals, banks gain

The benchmark indices made a smart recovery from the day’s low in a highly volatile session on April 22, a day India reported 3.14 lakh cases, the highest single-day rise in infections anywhere in the world. At close, the Sensex was up 374.87 points, or 0.79 percent, at 48080.67 and the Nifty was up 109.80…

Selling continues on D-St as IT stocks tumble; auto, pharma outshine

The selling continued on Dalal Street for the second consecutive day on April 20. At close, the Sensex was down 243.62 points or 0.51% at 47,705.80, and the Nifty was down 63.10 points or 0.44% at 14,296.40. Auto and pharma indices rose 1 percent each, while the IT index shed over 1 percent. BSE midcap…

Nifty, Sensex end higher amid high volatility; metal, bank stocks lead

The market ended higher for the second consecutive session amid high volatility on April 15 despite weak wholesale inflation data. At close, the Sensex was up 259.62 points or 0.53% at 48803.68, and the Nifty was up 76.70 points or 0.53% at 14581.50. March WPI inflation came at 7.39% versus 4.17%. Food inflation stood at…