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Sensex's 1,800 point intraday surge powered by fantastic four: HDFC Bank, RIL, SBI and ICICI Bank
Indian stock markets experienced a strong rebound today. The Sensex surged over 900 points, while the Nifty also saw significant gains. This recovery was largely driven by major banking and financial stocks. Experts suggest this was a short-covering rally after a sharp correction. While markets showed resilience, volatility remains a concern. Investors are watching key levels for future direction.
Sensex Today | Stock Market Highlights: Sensex jumps 939 points, Nifty 50 ends above 23,400
Sensex Today | Stock Market LIVE Updates: The markets have undone the qualms and are now soaring. The Nifty index is trading around 23,400 with gains of about 210 points. The Nifty Bank index is also trading with gains of 500 points. Ultratech, M&M and Shriram Fin are amongst gainers.
Sensex settles 939 pts higher; Nifty ends above 23,400 level
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 938.93 points or 1.26% to 75,502.85. The Nifty 50 index rose 257.70 points or 1.11% to 23,408.80. In the past three consecutive trading sessions, the Sensex and Nifty dropped 4.65% and 4.57%, respectively.
HDFC Bank shares surge up to 3%, lead Nifty 50 recovery from lows on Monday
Despite the recent volatility, the analyst community maintains a near-consensus "buy" for shares of HDFC Bank. Out of 47 analysts covering the stock, 45 maintain a "Buy" rating, with not a single "Sell" call currently among analysts.
2008 global crash to 2020 COVID: How Nifty 50 plunged up to 59% in crises but rebounded
Despite recent volatility triggered by geopolitical tensions, India's Nifty 50 has historically demonstrated resilience, recovering from major global crises like the dot-com bubble, the 2008 financial crisis, and the COVID-19 crash. The benchmark index has consistently bounced back, proving that losses are temporary for long-term investors.
Bandhan Bank shares fall 12%, the most since March 2020 as losses extend for third day
The stock is also headed towards oversold levels. The Relative Strength Index (RSI) on the charts is at 38. An RSI reading below 30 indicates that the stock is in oversold territory.
Trade Setup for March 16: Nifty braces for more oil shocks as West Asia war intensifies
The Nifty 50 index extended its decline as market sentiment remained weak. The index has moved further away from its 200-day moving average (DMA) as selling pressure intensified.
Index heavyweights, autos help Nifty, Sensex snap three-session losing run - Reuters
Index heavyweights, autos help Nifty, Sensex snap three-session losing runReuters
More Nifty downside likely, support near 22,500: Rohit Srivastava
The founder of Indiacharts & Strike Money says Nifty has slipped below its 20-month average and broken the long-term trend from the Covid lows — an early warning sign for markets. India VIX has not yet reached panic levels that typically mark a market bottom and Bank Nifty could also fall toward 50,258 as more sectors start participating in the sell-off.
Nifty PSU Bank index falls for fourth day in a row; Three stocks at 52-week low
As a result of the fall in PSU Banks, three stocks, Punjab & Sind Bank, Indian Overseas Bank, and UCO Bank, have declined to a 52-week low.
Nomura cuts Nifty target by 15% to 24,300, warns of further market correction
Indian equities have corrected 8% in the last two weeks. The Nifty and the Nifty Bank are both down 13% each from their respective record high levels. The only two previous instances of such a fall are during the Covid-19 pandemic in 2020 and the start of the Russia-Ukraine war in 2022.
Index heavyweights, autos help Nifty, Sensex snap three-session losing run - Reuters
Index heavyweights, autos help Nifty, Sensex snap three-session losing runReuters