Shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) rose nearly 1 per cent on Tuesday, hitting an intraday high of Rs 2,986.05 per share, after most brokerages reacted positively to the company's March quarter (Q4FY24) results. The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical.
Renewed inflationary pressures, led by a spike in prices of vegetables and cereals, have cast a spell on the equity markets in the past month. The BSE Sensex and Nifty50 have declined up to 2 per cent each during the period, clipping the 13 per cent rally from the March lows, shows data from ACE Equity. Investors typically consider shares of fast-moving consumer goods (FMCG) companies as defensive bets, putting their weight behind them in a falling market.
The NSE Nifty moved up 16 points at 4,539. Consumer durables and oil & gas stocks gained 1.7% and 1.4%, respectively, while IT stocks lost 0.3%. The market breadth was marginally positive - out of 2,674 stocks traded, 1,481 advanced, 1,109 declined, and 84 were unchanged.
Rising oil prices and inflation worries pushed the index into a negative zone to touch a day's low of 14,846 - down 726 points from its previous close. Realty, IT, banking and oil & gas stocks suffered the most today. The index recovered partially and touch a day's high of 15,203. The NSE Nifty ended (provisional) with a loss of 108 points at 4,520.
The market breadth was negative - out of 2,761 stocks traded, 1,115 advanced, 1,537 declined and 109 were unchanged on Thursday. The NSE Nifty shed 83 points to end at 4,835. Unabated selling in auto, banking and oil & gas stocks forced the index touch a low of 16,196 - down 470 points from previous close.
A fresh round of buying in FMCG scrips - Hindustan Unilever (HUL) and ITC - helped the index recover some loss and eventually end with a loss of 67 points at 18,048. The NSE Nifty slipped 26 points to close at 5,277 on Monday.
The NSE Nifty shut shop at 5,101, down 23 points.
OIL announced its financical plan outlay for the next two years.
Debt management is going to be a worry for the Vedanta group until FY25 at least. However, the restructuring of business divisions in Vedanta India could lead to an unlocking of values. The group structure is fairly complex. Anil Agarwal-led Vedanta Resources (VRL), which is London-listed, has a lot of debt on the balance sheet. It will have to repay $1 billion in secured bonds by January 2024 and at least another $300 million in calendar 2024.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
NSE Nifty is trading at 4,462, up 106 points.
The NSE index, Nifty, hogged the limelight on Monday as the index scaled a new all-time intra-day high of 4269. The index also settled at a record level of 4,261 -- up 46 points.
The Sensex opened marginally lower at 13,949 - down 17 points
The NSE Nifty settled at 4,819, up five points. Among the sectoral indices, realty index slipped 2% to 4,317. Metal and bankex indices on the other hand gained over 1% each.
The NSE benchmark index touched a high of 4,825 and ended flat at 4,805. The market breadth turned negative towards the end of the day and could not change direction. Out of 2,882 shares traded, 1,285 advanced while 1,527 declined.
The Sensex opened with a positive gap of 42 points at 13,823.
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The markets opened in red in line with weak Asian peers.
The Sensex closed up 305.82 points or 2.32% at 13487.16, and the Nifty up 77.85 points or 2.07% at 3843.05.
The NSE Nifty ended at 2,617, up 44 points. The market breadth turned negative towards the close - out of 2,520 stocks traded, 1,261 declined, 1,163 advanced and the rest were unchanged on Thursday.
The NSE Nifty ended at 3,039, down 39 points. The market breadth was marginally positive - out of 2,616 stocks traded, 1,275 advanced, 1,258 declined and the rest were unchanged on Monday.
Benchmark equity indices Sensex and Nifty closed higher on Friday after two days of fall, helped by buying in metal, telecom and auto stocks amid a firm trend in global markets. Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles and GST collections crossing Rs 1.50 lakh crore for the third straight month in May also added to the optimism. The 30-share BSE Sensex climbed 118.57 points or 0.19 per cent to settle at 62,547.11.
11 sectors to have credit exposure to environmental risks in next five years.
The NSE Nifty ended at 3,065, down 170 points. The market breadth was fairly negative - out of 2,588 stocks traded, 1,733 declined, 778 advanced and the rest were unchanged on Wednesday.
The Sensex opened 22 points higher at 10,617
The Sensex opened with a negative gap of 156 points at 12,900 on the back of negative cues from the global market. The index tried to recover but could only manage to touch a high of 13,001.
Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to a joint statement. TCS during the trials has successfully tested two use cases of its Neural Manufacturing solutions on Airtel's 5G testbed in Manesar - remote robotics operations, and vision-based quality inspection, the statement claimed. "The 5G ecosystem will open limitless possibilities for enterprises to enhance productivity and serve their customers even better with digitally enabled applications.
Reliance Infrastructure has gained nearly 2% at Rs 845. ACC, Larsen & Toubro and Mahindra & Mahindra are up around 1.5% each at Rs 602, Rs 2,539 and Rs 545, respectively.
Sensex opened with a negative gap of 325 points at 14,452. The index barely managed to touch a high of 14,484, and then started slipping deeper into red.
The index touched a day's low of 15,709 in morning trades, it recovered partially and touched a day's high of 15,985 due to buying in oil & gas sector. The market breadth was negative - out of 2,722 stocks traded, 1,817 declined, 847 advanced and 58 were unchanged on Tuesday. The NSE Nifty settled with a loss of 24 points at 4,716.
The index touched a day's high of 17,293 in noon deals. The Sensex finally ended with a gain of 13 points at 17,243. The market breadth was positive - out of 2,795 stocks traded, 1,710 advanced, 1,009 declined and 76 were unchanged on Wednesday. The NSE Nifty settled with a gain of 13 points at 5,118 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.
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 Sensex touched a high of 15,798, and finally ended with a gain of 403 points (2.6%) at 15,760. The NSE Nifty was up 122 points at 4,746. The BSE Realty index surged 4.8% to 7,713. New entrant Jaiprakash Associates soared nearly 8% to Rs 236. Reliance Energy, DLF, ICICI Bank, Satyam, Reliance Communications, TCS, Infosys & Tata Steel were gainers on Friday. Bharti Airtel, M&M, Ambuja Cements & Maruti were notable losers. Reliance Natural Resources topped the value charts.
Reliance led the rally today with a gain of nearly 3% (Rs 83) at Rs 2,986. ICICI Bank advanced nearly 5% (Rs 57) to Rs 1,285. L&T gained 4.5% (Rs 183) to Rs 4,244.
The Sensex finally ended with a gain of 240 points at 19,603. The Nifty gains 102 points at 5,865.
The stock market benchmark Sensex on Monday crossed the psychologically gratifying 19,000- mark in a record four trading sessions on frantic buying in a number of front-line stocks.
Videocon launched an app-powered air conditioner.
The NSE Nifty ended at 4,938, up 7 points. The Realty index, however, dropped 3 per cent to 9085. The market breadth was negative - out of 2,816 stocks traded, 1,654 declined, 1,111 advanced and 51 were unchanged on Tuesday.
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