Indian markets rose for the fourth consecutive day on August 7 but ended flat, with the Nifty staying above the crucial 11,200-mark and small & midcap stocks generating interest. The S&P BSE Sensex rose 15 points to close at 38,040 while the Nifty50 ended 13 points higher at 11,214. For the week ended August 7,…
Taking Stock: RBI commentary helps bulls push Sensex higher; Nifty reclaims 11,200
The bulls managed to retain control on a volatile day of trading to push the benchmark indices above crucial resistance levels on August 6, with the S&P BSE Sensex reclaiming the 38,000-mark and the Nifty50 climbing to 11,200. The Sensex ended the day 362 points higher at 38,025 while the Nifty50 rose 98 points to…
Indices end mixed as Nifty holds 11,100; metals, auto shine
It was a volatile day for Indian market, but bulls finally managed to push the index back in the green to close above 11,100 levels, but Sensex ended marginally in the red. Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 24 points to 37,663 while the Nifty50 rose 6…
Terrific Tuesday! Sensex rallies by over 700 points; Nifty above 11K
The bulls returned in force to push the benchmark indices above crucial resistance levels on August 4, as the S&P BSE Sensex reclaimed 37,000 while Nifty50 closed just a shade below 11,100. The S&P BSE Sensex rose 748 points to close at 37,687 while the Nifty50 closed 203 points higher at 11,095. Tracking positive global…
Manic Monday, Sensex plunges over 600 points; 5 factors that weighed on D-St
It was a Manic Monday on D-Street as the Indian market slipped to a two-week low that saw S&P BSE Sensex tank more than 600 points and the Nifty50 slipping below its crucial support at 11,000. The S&P BSE Sensex ended 667 points lower at 36,939 on August 3, while the Nifty50 closed with losses…
Market snaps longest winning streak since April; Nifty below 11,100
Profit-booking hit D-Street on the last trading day of July to push the benchmark indices below crucial support levels as the market also snapped its longest winning streak since April 2019. The bears weighed on markets for the third consecutive day as the S&P BSE Sensex was ended 129 points down at 37,606, while the…
Profit booking on FO expiry day, Sensex falls over 300 points
Weak global cues, accelerating coronavirus cases and July F&O expiry weighed on investor sentiment on July 30. The S&P BSE Sensex dropped 335 points to close at 37,736 while the Nifty50 slipped 100 points to end the day at 11,102. The Nifty50, which opened at 11,254, rose toward 11,300 levels but then the bears took…
Bears back on D-St! Sensex down by over 400 points; Nifty holds 11,200
The bears took control of D-Street on July 29, pushing benchmark indices towards the crucial support levels. The S&P BSE Sensex fell more than 400 points but managed to hold on to the 38,000 level while the Nifty held on to 11,200 level. The S&P BSE Sensex fell 421 points to end the day at…
Fear of spike in bad loans leads to profit taking; Nifty holds 11,100
Weak global cues, a rise in coronavirus cases and worries ove a surge in bad loans in 2020 led to profit booking on D-Street. The S&P BSE Sensex fell nearly 200 points to close below 38,000 while the Nifty50 managed to hold on to 11,100. The S&P BSE Sensex fell 194 points to 37,934 while…
Over 4-month high! Sensex reclaims 38,000; Nifty back above 11,200
Tracking positive trends in global markets, benchmark indices hit over a four-month high to close above their crucial psychological levels–38, 000 for the Sensex and 11,200 for the Nifty—on July 23. The S&P BSE Sensex rose 268 points to end at 38,140 while the Nifty50 rallied 82 points to 11, 215. “The benchmark indices ended…