Risk-off sentiment plays as Sensex, Nifty end near 1-month low

The market ended near a 1-month low on March 24 amid weak global cues and concerns regarding a second wave of COVID-19 infections in India. At close, the Sensex was down 871.13 points, or 1.74%, at 49,180.31, and the Nifty was down 265.40 points, or 1.79%, at 14,549.40. “The support range of 14,750 was disrespected…

IT, pharma help market recover; mid, smallcaps outperform

The market ended flat in a highly volatile session on March 22 supported by last-hour buying in IT, metal, pharma and FMCG names. The Sensex closed 86.95 points, or 0.17 percent, down at 49,771.29 and the Nifty ended 7.60 points, or 0.05 percent, lower at 14, 736.40. Fear of a second coronavirus wave, elevated bond…

Market bounces back, Sensex up 642 points, Nifty above 14,700

The market snapped a five-day losing streak gaining over a percent in a highly volatile session on March 19. At close, the Sensex was up 641.72 points, or 1.30 percent, at 49,858.24 and the Nifty was up 186.10 points, or 1.28 percent, at 14,744. All the sectoral indices ended in the green, with the Nifty energy…

Rising US bond yields, IT stocks send market tumbling for fifth day

The market started the day on a strong note on March 18 amid positive global cues after Federal Reserve signalled it was in no hurry to raise interest rates but gave up all gains in the second half and lost over a percent after US 10-year treasury yields hit their highest levels in 13-months. At…

Sensex, Nifty slip over 1% as investors stay cautious ahead of Fed meet outcome

Market on March 17 remained under bears’ control as broad-based sell-off dragged the benchmark indices over a percent. Investors remained cautious ahead of the Federal Open Market Committee (FOMC) decision on interest rate due later in the day. At close, the Sensex was down 562.34 points or 1.12 percent at 49,801.62, while the Nifty index…

Market fails to sustain early gains, ends flat; IT stocks outperform

Sell-off in the second half of the session erased all the intraday gains with the benchmark indices ending flat March 16. At close, the S&P BSE Sensex was down 31.12 points or 0.06 percent at 50,363.96, while Nifty stood at 14,910.50 levels, down 19 points or 0.13 percent. “Indian market is impacted due to rising…

Taking Stock: Sensex, Nifty close in the red again; metals outperform

The benchmark indices ended lower for the second consecutive session on March 15, with the Nifty finishing below 15,000. At close, the Sensex was down 397 points, or 0.78 percent, at 50,395.08 and the Nifty was down 101.50 points, or 0.68 percent, at 14,929.50. Weakness in national macro data and rise in global bond yield…

Nifty, Sensex end higher for third straight session; mid smallcap outperform

Benchmark indices ended in the green for the third straight session on March 10. At close, the Sensex was up 254.03 points or 0.50 percent at 51,279.51, and the Nifty was up 76.40 points or 0.51 percent at 15,174.80. “Domestic markets mirrored positive cues from its global peers, tracking gains from the US market as bond yields…

Nifty regains 15,100, Sensex jumps 584 pts

Benchmark indices rose 1 percent on March 8 pushing Nifty above 15,100 on an intraday basis. At close, the Sensex was up 584.41 points or 1.16% at 51,025.48, and the Nifty was up 142.20 points or 0.95% at 15,098.40. “The market managed to close the day on a positive note after a strong volatile session at 15,100…

Sensex down 441 points, Nifty slips below 15k; banks, metals top drags

The market fell for the second consecutive day on March 5 amid weak global cues, with the Sensex closing 440.76 points, or 0.87 percent, lower at 50,405.32 and the Nifty ending 142.70 points, or 0.95 percent, down at 14,938.10. “The markets have had yet another day in the red. However, it has not broken the medium-term…