Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks.
Trading pattern in the stock market this week will largely depend on the ongoing Q3 earnings announcement from corporates, global trends, and foreign fund movement, analysts said. Moreover, geopolitical developments and any update on trade negotiations would also be keenly tracked by investors, experts noted.
Financials were the top losers after sharp gains in the previous session along with ITC
Bajaj Auto, BHEL, Infosys, ITC and RIL are among the 12 listed Indian companies which have figured in the latest list of 'Fabulous 50' of prestigious international magazine Forbes Asia.
Sustained buying in heavyweights like L&T, Reliance and ICICI Bank and power scrips (BHEL, NTPC and REL) saw the index zoom to a high of 17,838 - an intra-day gain of nearly 890 points - towards the closing bell. The NSE Nifty finished with a gain of 273 points (5.5%) at 5,202.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
The country's top private sector lender, ICICI Bank, made its entry into the list of the top 10 most valuable companies by market capitalisation this week, helped by a sharp rise in banking stocks.
Equity markets will look for directions from global trends, ongoing quarterly earnings and investment patterns of foreign institutional investors (FIIs) in a holiday-shortened week ahead and may encounter volatility amid the scheduled monthly derivatives expiry, according to analysts. Equity markets will remain closed on Wednesday on account of 'Republic Day'. "This week is a holiday-shortened one and it's going to be critical due to the list of events and data that are lined up.
The new entrants comprise Asian Paints, Britannia, Titan, Nestl, Bajaj Finance and Bajaj Finserv.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
Investor wealth shrunk due to markets crashing on Wednesday.
After a strong start to the week on Tuesday, the Sensex this morning opened 15 points higher at 16,868 amid subdued global cues.
In line with a weak stock market where benchmark Sensex plunged nearly 300 points, as many as 263 stocks hit their respective one-year lows on BSE on Monday.
The markets opened smart but gave up some gains immediately witnessing volatility
After scaling to a new all-time high of 9714, the Sensex finally closed with a gain of 136 points at 9,686.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The BSE Sensex opened with a positive gap of 10 points at 5,179. Fresh buying in the markets led the index spurt to a high of 5,204. The index is now at 5,195, up 26 points. The Nifty is up 7 points at 1,634.
The Sensex opened with a good positive gap of 18 points at 4,075. It is now up 21 points at 4,078.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex ended flat at 5,930. The Nifty was down three points at 1,860.
The Sensex on Wednesday closed with a gain of 89 points at 4,924. The Nifty moved up 27 points to end at 1,535.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex lost six points to close at 6,316. The Nifty also ended weak at 1992 - down a point.
The Sensex opened with a positive gap of 17 points at 5,105 owing to bullish global markets.
Markets closed the day in green on favourable domestic factors,
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex is trading firm; FMCG, real estate going strong.
Metals bucked the trend and shone across the board.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
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