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[ad_1] The US market ended in the negative territory on Tuesday. (Representational) New Delhi: Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Halting a three-day rally, the 30-share BSE Sensex fell 251.26 points to 61,730.53. The NSE Nifty declined 78.3 points to 18,269.70. Among the Sensex firms, ICICI Bank, HDFC Bank, HDFC, Mahindra & Mahindra, Bajaj Finserv, UltraTech Cement, Asian Paints and Tata Motors were the major laggards. Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC and NTPC were among the winners. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower. The US market ended in the negative territory on Tuesday. Market participants are waiting for the release of the FOMC meeting minutes, scheduled for Wednesday. Meanwhile

[ad_1] New Delhi:  Nine of the 10 most valued firms faced a combined erosion of Rs 1,87,808.26 crore in market valuation last week, with HDFC Bank and Reliance Industries taking the biggest hit amid an overall weak trend in equities. Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows also dented investor sentiments. Barring ITC, all 10 firms, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, were the laggards. HDFC Bank's valuation declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore at close on Friday. The market valuation of Reliance Industries fell by Rs 36,567.46 crore to Rs 16,14,109.66 crore. The valuation of TCS tumbled Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC tanked Rs 20,871.15 crore to Rs 4,71,365.94 crore. The market capitalisation (mcap) of ICICI Bank fell by R

[ad_1] Stock market update. (Representative image) The domestic equity markets fell due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve's interest rate decision Benchmark indices BSE Sensex and NSE Nifty on Wednesday fell about 796 points or over 1 per cent to 66,800.84, due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. The rupee, however, rebounded 23 paise to close at 83.09 (provisional) against the US dollar. Falling for the second day running, the 30-share BSE Sensex tumbled 796 points or 1.18 per cent to settle at 66,800.84. During the day, it tanked 868.7 points or 1.28 per cent to 66,728.14. The NSE Nifty declined 231.90 points or 1.15 per cent to end below the 20,000 mark at 19,901.40. US bond yields surging to 16-year high levels and fears of high crude oil prices fueling commodity inflation also hit the investor sentime

[ad_1] The BSE Sensex opened about 320 points lower at 59,902.25, while the NSE Nifty was 84 points down at 17,627.30. On the BSE, 24 out 30 companies on the Sensex were trading in the red in the early trade Domestic bourses on Wednesday opened in the red. The BSE Sensex opened about 320 points lower at 59,902.25, while the NSE Nifty was 84 points down at 17,627.30. The rupee also fell 37 paise to 82.29 against US dollar in the early trade. On the BSE, 24 out 30 companies on the Sensex were trading in the red in the early trade. Among the top losers were Infosys (down 1.36 per cent), Tech Mahindra (minus 1.34 per cent), Bajaj Finserv (down 1.25 per cent), Sun Pharma (down 1.09 per cent), and HCL Tech (down 1.05 per cent). On the BSE, the companies there were in the green were L&T, NTPC, Tata Steel, Maruti, UltraTech Cement and HDFC Bank, trading higher by up to 0.52 per cent. V K Vijayakumar, chief investment strategist at Geojit Financial Services, said, “The dominant trigge

[ad_1] Why is Sensex Rising today? Domestic markets extended gains in Monday’s intra-day trade, as improved global cues and low-level buying pushed indices higher, which led to short covering, which, in turn, aided more buying. Furthermore, investor focus also turned to corporate health as earnings season kicks off today with TCS results. The BSE Sensex was trading 951 points or 1.59 per cent higher at 60,851. Nifty50 was trading at 18,131, up 271 points or 1.52 per cent at around 11.35 am. Investors, meanwhile, turned richer by Rs 3.55 lakh crore amid broad-based buying as bulls returned to Dalal Street after three-day hiatus. Frontline stocks such as Infosys, Tata Consultancy Services and Reliance Industries contributed to the climb. As many as 101 stocks hit their 52-week lows today. BSE stocks such as Abbott India, IDBI Bank and Jindal Steel and 98 other stocks hit their respective one-year high levels. That said, 24 stocks touched their one-year low levels today. Here are th

[ad_1] Stock Market India: Sensex, Nifty open in the red Indian equity benchmarks extended losses for the second straight session on Thursday as rising Covid cases in China alarmed investors who had anticipated the world's second-largest economy to pick up steam following the easing of strict restrictions.  After closing marginally lower in the previous session, the BSE Sensex index fell 300.33 points to 60,609.95 in early trade on Thursday, and the broader NSE Nifty index opened in the red, reflecting a fall in wider Asian share markets along with oil prices. As traders try to settle their futures and options (F&)) contracts for the December derivatives, the last series of 2022, the expiry on Thursday could cause a spike in volatility. "Markets are likely to see a bearish opening on Thursday in view of weak global cues after US markets slumped overnight amidst rising bond yields over fears that inflation could pick up on China's reopening," said Prashanth Ta

[ad_1] Sensex Today:  Headline indices scaled new highs for a second day at Friday’s open, tracking strength across global markets. The BSE Sensex index gained 250 points to 67,774 and the Nifty50 index edged 55 points higher to 20,173. M&M, JSW Steel, Wipro, Tata Steel, HDFC Bank, HCL Tech, Bajaj Auto and Hindalco were the frontline winners across Sensex and Nifty, gaining up to 2 per cent. On the flip side, HUL, Asian Paints, Nestle, Adani Ports, and HDFC Life were among the top losers. The broader markets kept the lead over benchmarks. The BSE MidCap and SmallCap indices rose up to 0.7 per cent. “Positive opening could be seen in local indices owing to optimism across the global equities, as fear of recession appears bleak after the recent policy measures by central banks across key economies. However, intra-day volatility will continue given the uncertainty around global markets. As long as the Nifty is trading above 20,000, the bullish sentiment is likely to continue, wit

[ad_1] Mahindra & Mahindra, ITC, Reliance Industries and Wipro were among the gainers. Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid foreign fund outflows and weak trends in the US markets. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55. From the Sensex pack, Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank and Kotak Mahindra Bank were the major laggards. Mahindra & Mahindra, ITC, Reliance Industries and Wipro were among the gainers. In Asian markets, Seoul, Shanghai and Hong Kong were trading in the green while Tokyo quoted lower. The US markets had ended in the negative territory on Thursday. Meanwhile, global oil benchmark Brent crude was trading 0.40 per cent lower at USD 83.90 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,979.44 cr

[ad_1] NEW DELHI: Both Indian indices continued their upward journey on Monday, with the BSE Sensex closing above the historic 65,000 level for the first time ever. The BSE Sensex, rallying for the fourth consecutive session, soared by 486.49 points or 0.75% to achieve a new all-time closing high of 65,205.05. Intraday, it reached a peak of 65,300.35, gaining 581.79 points or 0.89%. Similarly, the NSE Nifty climbed 133.50 points or 0.70% to close at a record high of 19,322.55. It also hit an all-time intraday peak of 19,345.10, surging by 156.05 points or 0.81%. Financial services stocks were the major gainers. Leading the charge, HDFC and HDFC Bank, prominent index heavyweights, witnessed gains of 1.75% and 1.08% respectively. This surge came after the approval of their $40 billion merger, with July 1 designated as the effective date. Banks reached a new record high for the second consecutive session, while public sector banks experienced a notable rise of 3.61%, emerging as

[ad_1] Monday will mark the beginning of trading in GIFT Nifty , the new avatar of SGX Nifty - the globally popular derivatives contract on NSE's Nifty index that till Friday was traded on the Singapore exchange (SGX). From Monday, these same derivatives contracts of SGX will start trading on the NSE's international exchange at Gujarat's International Financial Services Centre (IFSC). This shift of the bourse from Singapore to India is under an arrangement between the NSE and SGX... What's SGX Nifty/GIFT Nifty? It's a derivatives contract on the NSE's Nifty index that starts trading a few hours before the Indian market opens, and continues to trade till the wee hours of India time. The early session makes these contracts a good indicator for investors to take a call on the Nifty before it starts trading on the NSE. What are the differences between Nifty contracts traded on the NSE and those on the GIFT Nifty? Nifty contracts traded on the NSE are denomi