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…

    Nifty holds 11,100 as D-Street snaps 5-day winning streak; Axis Bank up 7%

    The D-Street snapped its five-day winning streak as both Sensex and Nifty closed marginally in the red. The Sensex recovered over 250 points from the lows while the Nifty50 bounced back from 11,050 levels. Let’s look at the final tally on D-Street – the S&P BSE Sensex was down 58 points to 37,871 while the…

    COVID vaccine hopes fuel rally on D-Street; Sensex vaults 500 points

    A global rally lifted India’s benchmark indices for a fifth consecutive day on July 21, which saw the S&P BSE Sensex rally more than 500 points and the Nifty50 reclaim 11,100 levels. The S&P BSE Sensex ended 511 points higher at 37930 while the Nifty50 closed with gains of 140 points at 11,162. Promising results…

    Taking Stock: Nifty climbs Mount 11K; Sensex rallies nearly 400 points

    The bulls took control of D-Street from the word go to push the Nifty50 above the crucial 11,000-mark on a closing basis on July 20, tracking strong momentum in IT after the June quarter results and banking stocks. Indian markets closed higher for a fourth straight session, with the S&P BSE Sensex rising 398 points…

    IT stocks help bulls put up a smart show; Nifty back above 10,700

    After a volatile Wednesday, it was a terrific Thursday as the bulls managed to push the benchmark indices higher by over a percent each. The S&P BSE Sensex rallied by over 400 points while the Nifty50 reclaimed 10,700 levels. Let’s look at the final tally on D-Street – the S&P BSE Sensex rose 1.1 percent…

    Sensex wipes out gains in second half; Wipro zooms; RIL sees profit-taking

    Indian markets started on a positive note, rallied more than 2 percent but pared most of the gains towards the close of the trade on July 15, weighed down by losses in Reliance Industries that held its 43rd AGM in the afternoon. Wipro, however, sparkled and was the top Nifty gainer. Reliance Industries, which hit…

    Sensex tanks 661 points, Nifty settles at 10,607; 5 key reasons for the selloff

    A strong, across the board selloff engulfed the Indian equity market on July 14, exhibiting high correlation with the global markets. BSE Sensex closed 661 points, or 1.80 percent down at 36,033.06 and Nifty settled 195 points, or 1.81 percent, down at 10,607.35. In sync with the benchmarks, broader Midcap and Smallcap indices on BSE also…

    Financials drag market; Sensex plunges 600 points, Nifty holds 10600

    Profit booking hit D-Street on July 14, a day after the Nifty50 re-tested its crucial resistance level of 200-Days Moving Average (DMA) placed around 10,881. The index slipped nearly 200 points while the S&P BSE Sensex fell over 600 points dragged by losses in financials. Let’s look at the final tally on D-Street – the…