Sensex,Nifty to remain under pressure through the week.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nifty PSU bank index dropped nearly 2%
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red. Bajaj Finance was the biggest loser among Sensex stocks, dropping by 7.24 per cent.
The Nifty lost 45 points to settle for the day at 5,348, up 19 points from the day's low of 5,329.
The S&P BSE Midcap and S&P BSE Smallcap indices gained 0.4% and 1%, respectively
Infosys, TCS and Wipro gained 1-3% contributing the most to the Sensex gains.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
'Pockets of mid and small-cap indices are showing exuberance and are discounting even FY23 valuations now.'
Global cues lift Sensex 364 points; Nifty ends above 8,650.
PSU banks and OMCs among the top gainers.
The NSE Nifty was down 66 points at 6,080. In the broader markets, the midcaps and the smallcaps indexes were also down 1% each.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The NSE Nifty closed 78 points higher at 5,368.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
It is best not to get carried away by returns or take a short-term view of the markets, says Bhavana Acharya.
Coal India moved higher by over 3% to Rs 263, despite of weak April-June (Q1FY14) results, on expectation of earnings improvement by going forward.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
Powered by a rally in index heavyweight Reliance Industries, equity benchmark Sensex broke its four-session losing run to close above the 55,000-mark on Thursday despite a weak trend overseas. Investors made a cautious return to IT, pharma and bank stocks after their recent sell-off. However, a depreciating rupee and persistent foreign fund outflows capped the gains, traders said. Overcoming a lacklustre start, the 30-share BSE Sensex surged 427.79 points or 0.78 per cent to close at 55,320.28.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
The Sensex closed flat at 11,149.17 up 4 points. The Nifty gained 6 points to close at 3260.
All Sensex components ended in green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ONGC and ICICI Bank, Bajaj Finance and SBI gaining up to 6.64 per cent.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The markets are once again in a bear hug and the Sensex at 1400 hrs is down 133 points at 8,930.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
ONGC was the top gainer in the Sensex pack, rallying around 6 per cent, followed by IndusInd Bank, L&T, UltraTech Cement, Titan, SBI and NTPC. NSE Nifty settled 32.10 points up at 14,707.80.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
M&M was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank. On the other hand, HUL, Kotak Bank, Bajaj Finance and ITC were among the laggards.
Nifty ends above 8,400; TCS, HDFC surge 2%, Bajaj Auto dips 2%.
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