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Sensex, Nifty pare losses; realty shares advance for 2nd day
At 10:30 ST, the barometer index, the S&P BSE Sensex, added 42.60 points or 0.05% to 77,136.01. The Nifty 50 index rose 11.25 points or 0.04% to 24,114.70.
Stocks to buy: Sagar Doshi suggests Olectra Greentech, Gail, HAL shares to buy
Indian equity benchmarks opened flat as investors remained cautious after recent rallies while geopolitical tensions eased. The NSE Nifty 50 slipped 0.13%, and the BSE Sensex was down 0.01%, following strong gains over the past week amidst declining oil prices.
INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Indices drift lower in early trade; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 70.11 points or 0.09% to 77,023.96. The Nifty 50 index fell 4.35 points or 0.03% to 24,096.20.
NELCO Ltd Falls 2.81%, BSE Information Technology index Drops 1.7%
NELCO Ltd has added 35.19% over last one month compared to 5.38% fall in BSE Information Technology index and 2.22% rise in the SENSEX
Kirloskar Oil Engines Ltd Surges 8.75%
Kirloskar Oil Engines Ltd has added 55.7% over last one month compared to 7.9% gain in BSE Capital Goods index and 2.22% rise in the SENSEX
Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...
Sensex settles 291 pts higher; Nifty ends above 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 291.17 points or 0.38% to 77,094.07. The Nifty 50 index rose 89.80 points or 0.37% to 24,102.90.
Sensex rises 291 points, Nifty tops 24,100: 5 key drivers behind the market rally
Sensex rose 291 to 77094, Nifty gained 90 to 24102, led by HDFC Bank, ICICI Bank, Reliance Industries, Infosys, with IT and pharma stocks like Cipla outperforming
Indices trade with significant cuts; pharma share advance for 3rd day
At 14:28 IST, the barometer index, the S&P BSE Sensex advanced 403.55 points or 0.53% to 77,206.46. The Nifty 50 index rose 118.05 points or 0.50% to 24,132.45.
Sensex jumps 371 pts; European mkt decline
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 370.62 points or 0.48% to 77,173.13. The Nifty 50 index rose 108.75 points or 0.45% to 24,121.85.
Nifty trades above 24,100 level; media shares in demand
At 12:26 IST, the barometer index, the S&P BSE Sensex gained 374.55 points or 0.49% to 77,177.13. The Nifty 50 index jumped 101.55 points or 0.41% to 24,113.90.