SENSEX NEWS
Unstoppable bulls! Sensex, Nifty scale fresh peaks tracking positive global cues
Sensex and Nifty50 reached record highs on Friday, buoyed by gains in Asian markets. The rally was led by banking and financial stocks. U.S. economic data showed a growth of 3% last quarter, easing recession fears. Investors are now focusing on U.S. inflation data and India's upcoming April-June growth figures.
Stocks in news: SpiceJet, CDSL, RIL, LIC, Shipping Corp, NTPC
Aviation watchdog DGCA decided to place SpiceJet under enhanced surveillance that will entail increased spot checks and night surveillance to ensure the safety of the airline's operations.
D-Street at record high! Sensex jumps 400 pts, Nifty above 25,150 led by bank & IT stocks
Indian benchmark indices Nifty50 and Sensex hit record highs after gains in financial and IT stocks. Despite the rally, the market capitalisation of all listed companies on the BSE declined. Investors focused on U.S. GDP and inflation data for clues on economic trends. Crude oil prices edged up slightly, while the Indian rupee gained against the US dollar.
Stocks in news: RIL, IndiGo, PB Fintech, Vedanta, Tata Steel
Stocks in News Today: Chinese multinational technology conglomerate Tencent is likely to sell 2.1% stake in PB Fintech via block deal at an estimated price of Rs 1,610 crore.
IT stocks fuel Nifty to fresh all-time high; Sensex surges over 250 points
On Wednesday, the Nifty50 reached a new all-time high of 25,104, surpassing its previous peak of 25,078 after 18 trading sessions. The Sensex is just 143 points away from its fresh high of 82,129. By 11:50 am, the Nifty50 was up 86 points (0.35%), and the Sensex had risen 273 points (0.33%) to 81,986.
Stocks in news: Tata Technologies, SBI Card, Jio Financial, LTIMindtree, NBCC
Stocks in news: India's Sensex and Nifty ended a turbulent session flat amid profit-taking and rising geopolitical worries. Stocks like Tata Technologies, SBI Card, and Jio Financial drew attention due to various news developments, including Tata Technologies' 3% stake sale worth Rs 1,230 crore by TPG.
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Sensex, Nifty off to a flat start tracking pause in global rally, oil price surge
The buying momentum was stronger in the broader market while buying was noticed in IT, pharma, consumer and media stocks. HCL Tech was the biggest gainer among bluechips and was trading 1.5% higher.
Powell's rate cut hint fuels 612-point Sensex rally, market cap swells by Rs 2.3 lakh crore
The stock market rallied, pushing the Sensex up by 612 points and the Nifty above the 25,000 mark. This surge was primarily fueled by strong performances in the financial and IT sectors, with major players like HDFC Bank, Reliance, ICICI Bank, NTPC, HCL Tech, Infosys, and TCS leading the charge. However, some stocks like Adani Ports, Maruti, Kotak Bank, and Nestle India saw declines.
Sensex gains 700 points; Nifty reclaims 25K as Powell's dovish remarks uplift investor mood
The Sensex and Nifty50 rose on Monday, buoyed by gains in financial and IT stocks after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming interest rate cuts. Major gainers included Tech Mahindra and TCS, while sectors such as IT and Financial Services saw growth. Conversely, FMCG and Pharma sectors experienced declines.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
While it is always better to do it, there are some phases when it is important to de-link with what is happening to nifty and stocks in your portfolio. The reason, if one looks at the composition of the Nifty and Sensex, they can be impacted by movement in one or two sectors. At this point in time, while the overall market trend is bullish, the market is moving more into stock-specific mode, a sort of profit booking and that is why divergence between the value of the portfolio and what is happening to nifty might become a common thing. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Market Wrap: Investors cautious ahead of Powell speech; Sensex, Nifty end flat but post weekly gains
Indian equity indices closed flat on Friday in a highly volatile session. Traders showed caution ahead of Federal Reserve Chair Jerome Powell's upcoming speech. Despite the muted performance, both NSE Nifty 50 and S&P BSE Sensex have gained around 3% in seven sessions due to US rate cut expectations and strong domestic inflows.
Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.
Market Wrap: Sensex gains 148 points, Nifty above 24,800 on positive global cues, Fed minutes
The Fed minutes confirmed expectations of a rate cut next month, with most policymakers agreeing it would be appropriate if data aligns with forecasts. Market participants are now focused on US initial jobless claims at 6:00 pm IST and Fed Chair Jerome Powell's upcoming remarks at the Jackson Hole Economic Symposium.
Sensex jumps 200 points, Nifty above 24,800 as US Fed minutes boost rate cut hopes
Sensex and Nifty opened on a positive note Thursday, bolstered by Federal Reserve meeting minutes suggesting a likely rate cut. Companies such as Infosys and Tata Steel saw gains, while others like Power Grid declined. Paytm's shares jumped over 5% after Zomato agreed to acquire its entertainment and ticketing business.
Stock Radar: This Sensex IT stock with Rs 4.5 lakh crore m-cap is poised for new highs: time to buy?
HCL Technologies Ltd neared a breakout from its February 2024 highs, creating prospects for reaching 1,900 levels. Despite initially losing momentum and revisiting its 50-week moving average, the IT stock found support above 1,200 in June and has since recovered significantly. Currently trading above key short- and long-term moving averages, it is nearing a breakout from its February 2024 highs, closing at Rs 1,678 on August 19, 2024.
Sensex, Nifty open marginally lower weighed by bank and IT stocks
On Wednesday, the Indian stock market experienced a minor downturn driven by financial and IT stock declines. The Sensex dropped 98 points, while the Nifty50 decreased by 17 points. Investors awaited the U.S. Federal Reserve meeting minutes for clues on rate cuts. Foreign investors continued to sell, while domestic investors showed buying interest.
Market Wrap: Fed rate cut hopes fuel Sensex’s 378-point rally; m-cap surges by over Rs 2 lakh cr
The domestic blue-chip indices closed higher on Tuesday, thanks to gains in financials and information technology stocks. The Sensex rose 378 points to 80,803, and the Nifty added 126 points to finish at 24,699. However, newly listed Ola Electric Mobility ended 5.7% lower due to profit booking. Investor focus now shifts to upcoming Fed announcements.
Tech heavyweights drive Sensex 450 pts higher, Nifty above 24,700
Indian stock markets opened higher, driven by global market gains and speculation on imminent U.S. Fed rate cuts. IndusInd Bank, UltraTech Cement, and TCS were among the gainers. Nifty IT sector also gained 0.9%, led by Coforge, Persistent, and TCS. Wall Street's optimism ahead of Fed Chair's address also supported the rise.
Sensex gains 200 pts, Nifty above 24,600 tracking positive global cues
Sensex and Nifty indices opened higher on Monday, buoyed by gains in banking and energy sectors, following positive trends in Asian markets. Major stocks like ONGC and BPCL rose, while Hindustan Zinc fell after Vedanta's recent announcement. Experts highlighted that local investor activity dominated market movements, although high valuations have deterred foreign investments.
Big movers on D-Street: What should investors do with CDSL, Hindustan Zinc and Paras Defence?
The Sensex and Nifty saw substantial gains as US recession concerns eased, driving a global stocks rally. Pravesh Gour from Swastika Investmart recommended strategies for stocks like CDSL, Hindustan Zinc, and Paras Defence based on their recent performances and technical indicators. Specific resistance and support levels were also identified for these stocks.
Investor wealth swells by over Rs 7 lakh crore: 6 key factors behind Sensex 1,331 pt rally
The Sensex gained over 1,300 points while the Nifty crossed 24,500 on Friday, driven by positive global cues and strong US economic data. Information technology stocks significantly contributed to the rally. Market capitalization on BSE saw a notable increase. The easing of US inflation and robust retail sales helped improve market sentiment globally.
Market Wrap: Sensex inches 150 points higher, Nifty flat as traders await US CPI data
The Nifty closed nearly flat, impacted by mixed investor sentiment ahead of the U.S. CPI data. Gains in IT stocks, thanks to soft U.S. producer price data, were offset by profit booking. Leading gainers were TCS and Infosys, whereas sectors like Nifty Bank and Pharma declined.
Sensex, Nifty open marginally higher tracking positive cues from global peers
U.S. producer prices increased less than expected in July as the cost of services fell by the most in nearly 1-1/2 years amid signs of diminishing pricing power for businesses, evidence of waning inflation pressures that reinforced hopes of an interest rate cut next month.
Market Wrap: Over Rs 4 lakh crore wiped off! Sensex tumbles 693 pts as HDFC Bank weighs heavy
The Indian equity markets experienced a downturn on Tuesday, with Sensex dropping 693 points, driven mainly by HDFC Bank's anticipated lower inflows due to MSCI adjustments. Other major contributors to the decline included SBI, ITC, Tata Motors, and Bajaj Finance, resulting in a significant shrinkage in overall market capitalisation.
Sensex, Nifty open marginally lower as key data kicks in; HDFC Bank top drag
Sensex and Nifty opened marginally lower on Tuesday as HDFC Bank faced expected lower foreign inflows due to a staggered weightage adjustment in a crucial emerging markets index. Sensex declined by 78 points, while Nifty50 rose slightly by 21 points. HDFC Bank shares fell over 2% despite a weightage increase in the MSCI index.
What Hindenburg 2.0? Sensex, Nifty end margianlly lower as impact limited to Adani stocks
Nifty and Sensex ended Monday marginally lower despite a volatile market, overlooking a new Hindenburg report accusing SEBI chief Madhabi Puri Buch of misconduct. Adani stocks dropped up to 4% following the report. Meanwhile, global markets remained calm, crude oil prices climbed, and the rupee reached a record low against the dollar.
Rs 4.5 lakh crore added! US jobs data & 5 other factors behind 820-point Sensex rally
Sensex and Nifty surged over 1% led by gains in IT stocks. The rally was fueled by a larger-than-expected drop in U.S. jobless claims and upbeat Chinese inflation data. Lower oil prices and bottom fishing further boosted market sentiment, pushing all major sectoral indices into positive territory.
Sensex falls 300 pts, Nifty below 24,200 as RBI keeps repo rate unchanged
Following the RBI's decision to keep interest rates unchanged and maintain the withdrawal of accommodation stance, Sensex and Nifty saw declines. RBI Governor Shaktikanta Das noted market alignment with RBI policies. Despite steady inflation and GDP growth forecasts, specific stocks like Infosys and Apollo Tyres experienced notable losses. Investors remain cautious amid global economic concerns.
Investors make Rs 9 lakh crore as bulls return to D-St. 5 factors behind 875 pt Sensex rally
Benchmark equity indices Sensex and Nifty closed over 1% higher on Wednesday, driven by gains in banking, metal, and IT stocks, as global markets calmed fears of a US recession. The BSE Sensex rose by 875 points or 1.11%, closing at 79,468. Meanwhile, the broader NSE Nifty increased by 305 points or 1.27%, finishing at 24,297.
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