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Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
HDFC, SBI, Canara Bank decline up to 3% as Bank Nifty snaps 5-day run; index down 2%; here are key levels to watch
Shares of HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 percent.
Bank shares rise up to 3% amid broad-based rally, PSU bank index rise up to 2%; what lies ahead?
Nifty Bank index recovered from its previous session’s decline and rose up to 1.5 percent.
Closing Bell: Nifty crosses 24,200, Sensex surges 1,264 pts on renewed hopes of US-Iran peace talks
Interglobe Aviation, Max Healthcare, Power Grid Corp, Wipro, Eternal were among biggest gainers on the Nifty, while losers were Dr Reddy's Laboratories, Bharti Airtel, ICICI Bank. All the sectoral indices ended in the green with Capital Goods, Oil & Gas, Power, Infra, Media, Realty, Consumer Durables, IT rise 2% each. Nifty Midcap and Smallcap indices up more than 2 percent each.
Closing Bell: Market fails to hold gains, end lower amid late selling
Biggest Nifty losers were HDFC Bank, ONGC, HDFC Life, Titan Company, Apollo Hospitals, while gainers included Hindalco Industries, Trent, Adani Enterprises, Adani Ports and Eternal. Among sectors, IT, capital goods and metal indices gained 1% each, while auto, bank, oil & gas ended lower. The Nifty midcap index rose 0.6 percent and smallcap index added nearly 1 percent.
Taking Stock: Markets snap 3-day rally; Nifty ends below 24,400, Sensex slips 756 pts
Among sectors, IT index shed nearly 4%, Private Bank index fell 0.7%, while Oil & Gas, FMCG, Media, Metal, Realty added 0.5% each.
Live: Banking stocks fuel Nifty above 24,500; Uncertainty persists on US-Iran talks | Closing Bell
Indian markets ended lower, dragged by weakness in IT stocks. The BSE Sensex slipped over 650 points, while the Nifty 50 fell below 24,450. HCL Technologies led the decline, logging its sharpest fall in 11 years after weak guidance, pulling down peers like Infosys and TCS. Despite the headline fall, market breadth remained positive with broader markets outperforming, as smallcaps extended gains for a second straight session. Financials were under pressure, with ICICI Bank and HDFC Bank slipping. On the upside, stocks like Tata Consumer Products, NTPC and Hindustan Unilever emerged as key gainers.
Trade Spotlight: How should you trade Bandhan Bank, SBI Life Insurance, Hexaware Technologies, Angel One, Arvind, and others on May 20?
The market may continue to consolidate until it gives a decisive move beyond the previous week's trading range. Below are some short-term trading ideas to consider.
Taking Stock: Markets extend losses; Nifty slips below 24,200, Sensex declines 852 pts
Biggest Nifty losers were Trent, M&M, Shriram Finance, SBI Life Insurance, Tech Mahindra, while gainers included Dr Reddy's Labs, Cipla, Jio Financial, Adani Enterprises, Apollo Hospitals.
Trade Spotlight: How should you trade Dixon Technologies, SBI, Adani Energy Solutions, Infosys, Bank of India, and others on May 26?
Market momentum is expected to remain positive amid hopes of a US-Iran peace deal. Below are some short-term trading ideas to consider.
Taking Stock: Markets rebound; Nifty reclaims 24,150, Sensex jumps 600 pts
Among the top gainers on the index were Maruti Suzuki India, Coal India, Tech Mahindra, ITC Limited, and Reliance Industries. On the downside, InterGlobe Aviation, Dr. Reddy's Laboratories, NTPC, ICICI Bank and Bajaj Finserv were among the key laggards.
Chartist Talks: Milan Vaishnav expects Nifty to defend 23,700 support next week, believes this stock looks overbought after 47% rally in April
Milan Vaishnav sees enough evidence that the Relative Strength of Nifty Bank is weak against the Nifty; this Index may relatively underperform the Nifty on week-on-week basis for some time.