Weak macro data, earnings push Nifty below 100-EMA

After consolidating around 100-days exponential moving average (EMA), traders were confident that Nifty50 should be able to hold on to this level on May 13 but late hour selling pushed Nifty in the red for the 9th consecutive days in a row. The index posted its longest losing streak for the first time in the…

Earnings dent sentiment; Sensex, Nifty down 3.8% for week

Indian market witnessed an eigth consecutive day of fall on Friday. For the week, the S&P BSE Sensex plunged 3.8 percent while Nifty50 fell 3.7 percent in the same period. In terms of market capitalisation, investors lost nearly Rs 5 lakh crore during this week. The average market-capitalisation of BSE-listed companies fell from Rs 151.62…

Nifty could retest 11,000; use any bounce to shed long positions

As the Asian market slipped to an 8-week low, Indian markets started the day on a weak footing and hit a fresh 2-month low on May 9. The S&P BSE Sensex that fell for the seventh consecutive day in a row recovered slightly towards the close of the trade but still fell over 200 points…

Wacky Wednesday! Nifty dragged by HRITHIK stocks

Well, after a terrible Tuesday we got a wacky Wednesday. Indian market fell for the sixth day in a row to hit a 2-month low largely weighed by global weakness and selling seen in HRITHIK stocks, suggest experts. The S&P BSE Sensex plunged by nearly 500 points to close below 38,000 while the Nifty50 lost…

Nifty#39;s 100-point fall opens room for traders to go short

It turned out to be terrible Tuesday! It was a roller coaster ride for investors as Nifty, which started trading with a gap on the upside, failed to hold onto the gains and closed the day with losses of over 100 points while Sensex plunged more than 300 points. Investors lost more than Rs 1…

Black Monday! Investors lose Rs 1.25 lakh cr amid volatility

It was a Black Monday for the Street as investors lost Rs 1.25 lakh crore on the BSE in a single trading session, thanks to the global volatility. The average market capitalisation of BSE listed companies fell from Rs 151.62 lakh crore recorded on May 3 to Rs 150.37 lakh crore on May 6 which…

Indices end lower for the week; IT stocks drag

Benchmark indices gave up intraday gains in the final hour of trading. At close, the Sensex was down 18.17 points at 38,963.26, while Nifty was down 12.50 points at 11,712.30. About 1,027 shares advanced, while 1,462 shares declined, and 190 shares remained unchanged. Among sectors, FMCG, IT, pharma and metal indices ended in the red,…

PVR, Aurobindo Pharma Indian Hotels expected to gain

Nifty gave up early gains and closed in negative on May 2 but above its crucial support level of 11,700. The S&P BSE Sensex failed to hold on to its crucial support of 39,000. Though Nifty witnessed breakout above its previous high of 11,760 and touched a new all-time high of 11,856, the market is largely…

Close above 11,800 levels could propel Nifty towards record highs

A volatile day for Indian markets but bulls managed to push the index back above crucial support levels which was a positive sign. Although both Sensex and Nifty closed the day with marginal losses. The final tally on D-Street — the Sensex was down 35.78 points at 39031.55, while Nifty was down 6.50 points at…

NSE, BSE remain shut today on account of Maharashtra Day

BSE and National Stock Exchange (NSE) are closed for trade on May 1 on account of Maharashtra Day (Labour Day). The wholesale commodity markets, including metal and bullion, are also closed. There will be no trading activity in forex and commodity futures markets as well. On April 30, Sensex ended 35.78 points lower at 39,031.55,…