Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
The NSE Nifty ended at 3,060, up 39 points. The market breadth was extremely positive - out of 2,463 stocks traded, 1,822 advanced, 559 declined and the rest were unchanged on Wednesday.
Among the Sensex constituents, Tata Motors was the biggest loser with 6.52 per cent fall, followed by Vedanta 5.09 per cent, Bajaj Auto 4.99 per cent, Maruti Suzuki 4.26 per cent and Tata Steel 2.65 per cent.
Sectorally, metal, auto and IT stocks were leading gainers amid sustained foreign fund inflow.
Bharti Airtel, Bajaj Finance, Bajaj Auto, Reliance Industries, Tata Motors, SBI, HUL, NTPC, ONGC, ITC and Asian Paints rose up to 2.19 per cent.
Top gainers in the Sensex pack included Vedanta, Tata Steel, Yes Bank, Tech Mahindra, Hero MotoCorp, Bharti Airtel, SBI and Bajaj Finance and IndusInd Bank, which rose up to 4.83 per cent.
The markets opened firm on Tuesday and crossed the 7,800 mark after opening with a gain of 7 points at 7,774.
After swinging 439 points during the day, the 30-share Sensex ended 141.33 points, or 0.38 per cent, lower at 37,531.98. It hit an intra-day low of 37,480.53 and a high of 37,919.47.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
In the Sensex pack, Bajaj Finance and Bajaj Auto ended up to 6.09 per cent higher after posting strong quarterly numbers.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Sensex ended marginally higher at 5,777 - up three points. The Nifty, too, gained three points at 1,819.
The Nifty was down seven points at 1,628.
Software giants Infosys Technologies and Wipro along with ICICI Bank are the three Indian companies that figure in the list of 50 fabulous Asian firms compiled by Forbes magazine.
In the Sensex pack, Vedanta rallied 3.20 per cent, followed by Tata Steel, M&M, Tata Motors, ONGC, Hindustan Unilever, Maruti, Hero MotoCorp, HDFC, Bajaj Finance, SBI, HDFC Bank, HCL Tech, Coal India, Sun Pharma, Infosys, Reliance and Bharti Airtel, rising up to 2.69 per cent.
The Sensex opened with a negative gap of 207 points at 9,084.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
The 30-share BSE Sensex opened firm It is now up 19 points at 9637. NSE Nifty is up 6 points at 2907.
Strong macroeconomic headwinds causing turbulence in the $245-billion Indian IT industry are yet to calm down. Top Indian IT services companies are likely to post a decline or just marginal growth in sequential revenue in Q1FY24 because of a soft discretionary spending environment. Though the first quarter is seasonally strong for IT firms, "June 2023 will be an exception", according to analysts at Kotak Institutional Equities.
To be fair, one year is too short a period to judge the schemes' performance.
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points, after shuttling between 10,900.35 and 10,844.85.
'We may bite the bullet and draw up plans for privatisation.' 'If that is done now, the sale of the government stake will fetch money; a delay will see erosion in whatever value is left in these banks,' says Tamal Bandyopadhyay.
Sensex heavyweight Reliance Industries fell 2.76 per cent. In percentage terms, major laggards were Yes Bank, Indusind Bank, RIL, ICICI Bank, HDFC and Axis Bank -- plunging as much as 6.62 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex added 20 points to 6,017, and the Nifty finished at 1,890 - up 11 points.
The Sensex has slipped to an new intra-day low of 5,681, and is now down 23 points at 5,693. The Nifty is at 1,792 - down eight points.
The Sensex closed 40 points lower at 5,718. The Nifty shed 10 points to close at 1,808.
The Sensex opened 18 points higher at 5,545. Continued buying in Tech and blue chip stocks saw the index zoom to a high of 5,570.
Asian Paints was the top gainer in the Sensex pack, rising over 2 per cent, followed by UltraTech Cement, ONGC, Sun Pharma, HCL Tech and Nestle India. NSE Nifty rose 36.40 points to 14,617.85.
The markets opened strong on the back of positive Asian cues
In the Sensex kitty on Wednesday, Tata Motors emerged as the top loser falling 3.01 per cent, followed by Vedanta shedding 2.92 per cent. Other laggards include HUL, Kotak Bank, NTPC, Infosys, HDFC Bank, Bajaj Finance, Hero MotoCorp, ICICI Bank, Yes Bank, HDFC, IndusInd Bank and PowerGrid, falling up to 1.77 per cent.
It is ranked 7th on the list of world's top-10 consumer finance firms
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Late selling in the market saw the Sensex close seven points lower at 9,374.
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