The 30-share Sensex gained 136 points to end at 22,765 and the 50-share Nifty ended up 38 points at 6,818.
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. The 30-share BSE benchmark gained 156.63 points or 0.27 per cent to settle at 58,222.10. During the day, it jumped 513.29 points or 0.88 per cent to 58,578.76.
Having opened with a huge positive gap of 128 points at 15,772 and moved up to a high of 15,834 in morning deal, the Sensex dropped to 15,298 - an intra-day swing of 536 points. It finally closed with a marginal loss of 18 pts at 15,627. BHEL, L&T, M&M, Wipro, Tata Steel, Bharti, ICICI Bank & Infosys were major losers. HUL, ITC, Reliance, ONGC & Reliance Energy were major gainers. GSS America was the most active counter with a turnover of Rs 468cr followed by Reliance Capital
The S&P BSE Sensex gained nearly 0.4% or 96 points at 26087 level while the CNX Nifty edged higher by 42 points or 0.5% at 7,791.40 level.
The S&P BSE Sensex rose 576 points to end at 25,881.
Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend.
The 30-share Sensex ended down 109 points at 27,362.
The Sensex opened marginally higher at 14,415
The 30-share Sensex shed 79 points at 24,298 and the 50-share Nifty slipped 23 points to 7,253 levels.
This correction has given a good entry for long-term investors. One should buy quality stocks and those with growth potential.
Infrastructure, realty are the current favourites.
Equity investors became poorer by Rs 7.48 lakh crore in five consecutive days of market fall, where the BSE Sensex has declined by nearly 3 per cent. In the past five days, the BSE Sensex has tumbled 1,713.71 points or 2.79 per cent. This has led to an erosion of Rs 7,48,887.04 crore from the market capitalisation of BSE-listed firms in five trading sessions.
Profit booking by domestic institutional investors weighed on market sentiment.
Benchmark indices Sensex and Nifty settled with gains for the third straight session on Monday, helped by buying in auto, banking and capital goods shares despite a spike in crude oil prices. The 30-share BSE Sensex rose 114.92 points or 0.19 per cent to close at 59,106.44 points with 22 of its components ending in the green and eight closing lower. It moved in a range of 58,793.08 points to 59,204.82 points during intra-day trade.
The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
Bajaj Finserv was the biggest gainer in the Sensex pack, rising 2.21 per cent, followed by Titan, ITC, Kotak Mahindra Bank, HDFC Bank, HDFC, Bajaj Finance, IndusInd Bank, ICICI Bank, HUL, Reliance Industries and Mahindra & Mahindra. Wipro, Tata Consultancy Services, Power Grid and Tech Mahindra were the laggards.
The Sensex ended at 22,877, higher by 118 points and the Nifty ended at 6840, up 25 points.
The 30-share Sensex ended up 111 points to end at 20,811 and the 50-share Nifty ended up 31 points at 6,186.
Active largecap funds, which have the toughest job in terms of outperforming the benchmark, did better in 2023 as their bets in the mid and smallcap stocks paid off.
The 30-share Sensex ended down 55 points at 25,314 and the 50-share Nifty ended down 11 points at 7,569.
The 30-share Sensex closed lower by 256 points at 25,610.
Moody's Analytics said that the reduced political stability and the need for consensus building that is inherent with a coalition government, might erode investor confidence in the near term.
The Sensex advanced 184 points at 26,103 and the Nifty gained 52 points to trade at 7,792.
The 30-share Sensex shed 108 points or 0.4% to close at 21,826 levels after hitting an intra-day low of 21772 and the 50-share Nifty recovered from its day's low of 6,494 to close at 6,512 levels, down 25 points or 0.4%.
'Some risks to this market rally include inflation, erratic weather conditions, rising crude prices, slowing global growth and the resultant impact on domestic exports, escalation in geopolitical tensions.'
Investors' wealth climbed Rs 3.20 lakh crore as markets staged a smart comeback on Wednesday after falling in the last eight trading sessions. The BSE Sensex rallied 448.96 points or 0.76 per cent to settle at 59,411.08. During the day, it jumped 513.33 points or 0.87 per cent to 59,475.45.
The NSE Nifty ends at 4,619, up 53 points.
From the Sensex pack, Larsen & Toubro jumped 4.26 per cent to emerge as the biggest gainer, followed by IndusInd Bank, Tech Mahindra, State Bank of India, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Wipro. Mahindra & Mahindra, Infosys, UltraTech Cement and Hindustan Unilever were the major laggards.
From the Sensex pack, IndusInd Bank, NTPC, Asian Paints, Hindustan Unilever, JSW Steel, Tech Mahindra, Bajaj Finance, Infosys, Wipro, ICICI Bank, Bajaj Finserv, HDFC Bank and Tata Motors were among the major laggards. HCL Technologies, Power Grid, Titan, Reliance Industries, UltraTech Cement, Tata Steel, State Bank of India and Mahindra & Mahindra were the gainers.
BSE listed firms' value slips below Rs 100 trillion mark.
Actively-managed large-cap mutual fund (MF) schemes have managed to regain some lost sheen this year after faring poorly in the 2022 calendar year (CY22). At the end of the first six months (H1) of CY23, 78 per cent of the active large-cap schemes were ahead of the Nifty50 index funds as against just 26 per cent in 2022. When compared to the Sensex index funds, 61 per cent active funds have delivered better returns, shows an analysis of Value Research data.
Investors' wealth eroded by Rs 3.46 lakh crore on Wednesday as equity markets took a sharp tumble amid weak global trends and foreign fund outflows. The 30-share BSE Sensex fell by 676.53 points or 1.02 per cent to settle at 65,782.78. During the day, it plunged 1,027.63 points or 1.54 per cent to 65,431.68. In line with the weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 3,46,947.54 crore to Rs 3,03,33,258.69 crore.
The Sensex has dropped below the 10,700-mark, and is now at the day's low at 10,686 - down 49 points.
The Sensex opened with a positive gap of 145 points at 15,840. It finally closed with a gain of 113 points (0.72%) at 15808. BHEL moved up 3.7% to Rs 1,830. L&T added 3.6% at Rs 2,774. Reliance Energy gained 2% at Rs 1,281.Reliance advanced over 3% to Rs 2,550. Satyam, SBI, Hindalco, M&M and RCom also finished with gains. Ambuja Cements, Infosys, ICICI Bank, HUL and ITC declined. Reliance was the most active counter with a turnover of Rs 361 cr followed by Reliance Petroleum.
The 30-share BSE Sensex closed 42 points lower at 22,509 levels and NSE Nifty slipped over 16 points at 6,736 levels.
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
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