An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
Some leading Indian companies are likely to see their earnings declining if the Indian currency depreciates further, analysts and finance heads say.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Technical rallies and short covering may arise only if the markets break this 500 point band
Financial shares were among the top Sensex gainers along with auto and pharma shares.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty dipped below the 10,200-mark to hit a low of 10,180.25 before ending at 10,195.15, down by 165 points, or 1.59 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Stock market barometers Sensex and Nifty ended marginally higher on Monday as rise in wholesale inflation capped early gains despite a positive trend in global markets. The 30-share index settled 32.02 points or 0.05 per cent higher at 60,718.71 with half of its constituents ending in green. The broad based Nifty edged up 6.70 points or 0.04 per cent to close at 18,109.45.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
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Banks, real estate and metal scrips among the top losers.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
The benchmark Sensex gained 4,642.84 points, or 16.%, while the broader NSE Nifty surged 1,572.85 points, or 18.20% during this period.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
NTPC was the top gainer among the Sensex stocks, rising by 3.53 per cent. Coal India, ONGC and Sun Pharma also rose up to 2.41 per cent.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
Benchmark indices gain 30% this year, buoyed by global liquidity, new government
Broader market outperformed the frontline indices and also hit their respective all-time highs
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
In the December quarter, Sensex earnings had contracted 5 per cent.
The index rising for the fourth straight session surged 564 points.
In the Sensex pack, M&M was the biggest loser, tumbling by 6.66 per cent, followed by TCS dropping 4.14 per cent.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Most Asian markets ended with gains.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
