Sensex, Nifty fall over 2% on poor macroeconomic indicators

    Worries over the deteriorating health of the Indian economy spooked investors as the domestic equity market witnessed strong selloff on September 3. The market witnessed some recovery last week after FM Nirmala Sitharaman introduced a slew of measure to revive economy. However, gross domestic product (GDP) data released on August 30, which marked growth at 5…

    Sensex, Nifty snap two-day losing streak; PSBs shine

    Hopes of fresh stimuli by the government gave a fillip to investor sentiment as Sensex and Nifty broke the losing run of the last two consecutive sessions, ending with healthy gains on August 30. Gains in shares of bank, finance, FMCG and IT heavyweights underpinned the gain of equity barometer Sensex which endured bouts of…

    Sensex falls 383 points, Nifty ends below 10,950; bank, financials top drags

    Dragged by losses in shares of bank and finance majors, market benchmarks Sensex and Nifty closed in the negative territory for the second consecutive session on August 29. The market remained in the red throughout the session, enduring bouts of volatility on the last day of August series of futures and options contracts as the…

    Nifty end lower ahead of August FO expiry; weak global cues weigh on sentiment

    Domestic equities witnessed fresh spell of selling on August 28 as weak global sentiment kept investors away from riskier equities, a day ahead of the expiry of August series of futures and options contracts. Deepening inversion of the US bond yield aggravated worries of a looming recession in the US which made investors worried when…

    Sensex, Nifty extend gains; investors richer by Rs 4.8 lakh cr in 3 days

    Indian equities continued their upward march for the third consecutive day on August 27, underpinned by sustained buying in most sectors. Investor sentiment got a fillip as expectations of additional stimulus grew stronger after the Reserve Bank of India decided to pay a huge dividend to the government while the positive momentum built after the…

    Sensex jumps 793 pts, Nifty tops 11k; banks, NBFCs log gains

    The Indian equity market logged biggest single-day gain in three-month as investors embarked on a buying spree on August 26, propelled by market-friendly announcements by the Finance Minister. From the withdrawal of the tax surcharge to the revision in rules for the auto sector, the government announced a slew of measures to give a…

    Sensex, Nifty jump on fiscal stimulus hopes; Vedanta, Yes Bank top gainers

    Buoyed by reports that the government may withdraw the higher tax surcharge on foreign portfolio investors (FPIs) and announce fiscal stimulus for the economy, Sensex and Nifty logged gains after the three consecutive sessions of losses on August 23. Later in the day, the Finance Minister announced the withdrawal of enhanced tax surcharge on FPIs…

    Massive sell-off drags Sensex, Nifty lower by almost 2%

    Sensex and Nifty suffered losses for the third consecutive day on August 22 as across-the-board sell-off pushed them lower. Ending at the lowest level since March 2019, the 30-share pack Sensex settled at 36,472.93, down 587 points, or 1.59 percent, with 26 stocks in the red. Nifty ended down 177.30 points or 1.62 percent at 10,741.40 “The…

    Sensex, Nifty fall for 2nd day in a row; Yes Bank, Tata Motors crash

    Falling for the second consecutive day, benchmark indices Sensex and Nifty settled in the red on August 21, dragged by losses in shares of select heavyweights, including ITC, HDFC and Larsen & Toubro. Barring some gains in the first half, sentiment remained sombre for the session. Sensex remained in the negative amid mixed global cues. “The market is…

    Sensex, Nifty snap 3-day winning run; Yes Bank, DHFL fall up to 7%

    After three days of gains, Sensex ended in negative on August 20, dragged by losses in bank, financial and energy heavyweights, including Reliance Industries, ICICI Bank and HDFC. After opening with gains, the market benchmark kept trading flat as investors kept awaiting government’s clarity on reports of a corporate tax rate cut. Besides, the government…