Nifty snaps 10-day winning streak
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The breadth, indicating strength of the market was strong
Infosys, Wipro and HUL among the top losers for the day.
The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
Auto, pharma, IT, chemicals among sectors with significant reliance on UK and European nations with Tata Motors, Motherson Sumi, Tata Steel, TCS, Wipro, Infosys and Tech M among key names.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
Markets under pressure; IT financials grab spotlight.
Markets end higher ahead of Fed outcome, China stimulus
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
The Sensex ended in red on domestic concerns.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Banks and realty among the most hit on account of high borrowing costs.
Banking and telecom will see the highest impact of this transition.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
