Rs 20 lakh cr booster shot helps Sensex climb 32K; Nifty closes below 9,400

    The S&P BSE Sensex climbed Mount 32K and the Nifty50 closed just a shade below 9,400 on May 13, riding high on the Rs 20-lakh crore stimulus package announced by Prime Minister Narendra Modi on the evening before. The bulls, however, failed to keep the momentum going. The Nifty50, which started with a gap on…

    speech announcement helps recoup some losses; Nifty closes below 9,200

    The bulls helped the Nifty recoup some of its losses in the last hour of the trade on May 12 but not enough to push the index back in the green. The S&P BSE Sensex recovered more than 500 points from the day’s low and the Nifty closed a shade below 9,200. The announcement that…

    Sensex, Nifty erase gains to close in the red; what should investors do?

    Indian markets wiped out the day’s gains to close in the red on May 11 despite positive trend in other Asian markets. The S&P BSE Sensex took a knock of more than 700 points from the highs, while the Nifty50 failed to hold on to the 9250-level towards the close. The final tally on D-Street:…

    Nifty wipes out Wednesday’s gains, closes below 9,200

    It was yet another weak session for Indian markets on May 7, as the Sensex plunged more than 200 points and the Nifty50 slipped below 9,200, wiping out most of the gains made the previous day. The final tally on D-Street: the S&P BSE Sensex slipped 242 points to 31,443 while the Nifty50 closed 71…

    Profit booking hits D-Street; Nifty holds 9,200; Sensex down 261 points

    The Indian market reversed gains in the last hour of trade on May 5 as investors booked profits at higher levels. The Nifty50 reversed gains after hitting 9,450 levels and the S&P BSE Sensex closed below 32,000. The final tally on D-Street: the Sensex closed 261 points lower at 31,453 while the Nifty dropped 87…

    Sensex suffers fourth-biggest single day loss in absolute terms

    Weak global cues, muted results from India Inc, zero sales from top auto manufacturers, an extension of lockdown by another 2-weeks and contraction in manufacturing activity led to profit-taking on D-Street on May 4 after a sharp 14 percent rally seen in benchmark indices in April. BSE Sensex plunged 2,002 points to end at 31,715…

    Bloodbath on D-Street: Investors lose nearly Rs 6 lakh crore, Sensex plunge 2,000 pts

    Weak global cues, muted results from India Inc., zero sales from top auto manufacturers, an extension of lockdown by another 2 weeks and contraction in manufacturing activity led to profit-taking on D-Street on Monday after a sharp 14 percent rally seen in benchmark indices in April. The market snapped its 4-day gaining streak and erased…

    Nifty signs off April series 14% higher, posts second biggest weekly gain in 9 years

    Extending the gains into the fourth consecutive session, Indian equity benchmarks the Sensex and the Nifty ended at seven-week high on April 30, supported by robust buying in auto, metal and technology stocks amid positive global cues. Reports of successful trials of a coronavirus vaccine also influenced the mood. Media reports suggested that Gilead’s drug…

    Market at 7-week high! Nifty back above 9,500

    It was indeed a Wonderful Wednesday on D-Street as market hit seven-week high and closed in the green for the third consecutive day in a row. The S&P BSE Sensex rallied more than 600 points while the Nifty50 reclaimed 9,500 for the first time since March 12. Let’s look at the final tally on D-Street:…