accommodative stance, liquidity measure boost sentiment; Nifty above 12,100

    Indian market gained momentum after the Monetary Policy Committee (MPC) kept rates stable at 5.15 percent on expected lines on Thursday, but incentivizing credit flow (retail loans) to certain stressed sectors like Auto, housing and MSMEs, by exempting them from CRR on incremental credit to these sectors till July 2020 boosted sentiment. The S&P BSE…

    Sensex back above 41k, Nifty reclaims 12,000; time to buy?

    Indian market rallied on January 5 for the third consecutive day post the Budget day fall. Benchmark indices reached above their crucial resistance levels. The S&P BSE Sensex is back above 41,000 while Nifty50 reclaimed 12,000 levels. Let’s look at the final tally on D-Street on January 5 – the S&P BSE Sensex rose 353…

    Chinese liquidity push, manufacturing PMI help Nifty bounce back

    Indian market recouped losses to climb back over crucial support levels on Monday. The Niftty50 bounced back after breaching a 200-days moving average (DMA) on the downside while the S&P BSE Sensex rose over 100 points. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 136 points to 39,872 while…

    Sensex witnesses biggest fall on Budget Day in 11 years as FM disappoints

    The Finance Minister Nirmala Sitharaman’s Budget 2020 failed to cheer D-Street as market witnessed its biggest fall on the Budget Day in the past 11 years, according to CNBC-Tv18 data. Both Sensex & Nifty posted their biggest single-day fall in nearly 5 years. The Nifty Bank posts the 2nd biggest one-day fall ever. Nifty Midcap…

    Economic Survey fails to cheer market; Nifty ends below 12K

    The Economic Survey, which highlighted the need to push reforms, failed to lift markets and Nifty50 closed below its crucial support of 12,000 on Friday for the first time since January 6. Sensex, Nifty & Nifty Bank post 1st monthly loss since August 2019. Market breadth favoured declines; advance-decline ratio at 1:2. The Nifty fell…

    Nifty holds 12,000 levels on FO expiry; Sensex down 300 points

    Indian market witnessed a selloff on the F&O expiry day on Thursday weighed down by muted global cues as the death toll from coronavirus rose t0 170 in China. The S&P BSE Sensex plunged by about 300 points while Nifty50 saw a cut of nearly 100 points. Sensex & Nifty slipped the most in January series since…

    Bulls make a comeback! Sensex regain 41k, Nifty nears 12,150

    Bulls made a comeback on January 29 after two straight days of selling pushing the S&P BSE Sensex back above 41,000, while Nifty50 reclaimed 12,100 levels. It closed above its 50-Days EMA placed at 12,088 levels. Thanks to the positive global cues and expectations of dovish commentary from the US Fed drove rally on D-Street…

    Coronavirus jitters grip D-St for the 2nd day; Sensex below 41K

    Coronavirus jitters gripped D-Street for the second day in a row on Tuesday which pushed the S&P BSE Sensex lower by nearly 200 points while the Nifty50 broke its crucial support at 12,100, and 50-Days Exponential Moving Average (EMA) placed at 12088. Brent oil prices stabilised above $ 59, safely above their three-month low of…

    China virus spreads fear; Sensex tanks 450 pts, Nifty below 12,200

    Indian stock markets ended lower, copying a wider world trend as worries grew about the economic impact of China’s fast-spreading coronavirus. The Sensex plunged nearly 500 points on January 27 to drop to its lowest level in a month. The Nifty declined more than 100 points to slip below its crucial support at 12,200 and…