The indices closed in the red after volatile trade
Defy the odds, with Nifty Smallcap 100 gaining 0.75%
Losses limited amid diplomatic efforts to contain the crisis
Start your week right with our quick dive into the day's top stories!
As of 10:08 am, the BSE Sensex was trading 0.75 per cent lower a 73,689.27, and the NSE Nifty50 was down by 0.72 per cent at 22,357.25 levels
Gold soars and FPIs sell Rs 8K cr equities
The Narendra Modi-led government has been in power since 2014 and the country has witnessed decisive policies, political stability and economic growth since then
The blue-chip NSE Nifty 50 added 0.49% to 22,753.80 on Wednesday, while the BSE Sensex settled 0.47% higher at 75.038.15, led by metals and energy stocks
But hotter-than-expected US inflation may put brakes on the rally
Stock market updates on Monday, April 8, 2024: In the broader markets, the BSE MidCap and SmallCap indices closed mixed with the former up 0.26 per cent, but the latter down 0.06 per cent
Rally in HDFC Bank, Powell's reassurance buoy sentiment
The broader NSE Nifty declined 18.65 points or 0.08 per cent to 22,434.65, with 30 components of the 50-share benchmark ending with losses
Optimism soars as slowing US inflation sparks Fed rate cut hopes this financial year
Redemption gating, cap on employee withdrawal among measures
Despite the recent selloff, the Nifty Smallcap 100 and the Nifty Midcap 100 indices gained 70 per cent and 60 per cent, respectively
Benchmark equity indices Sensex and Nifty rallied for the second straight session on Thursday to end the 2023-24 fiscal on a bullish note, powered by across-the-board buying amid a bullish trend in global equities. Power, auto and metal stocks witnessed robust demand, even as a depreciating rupee weighed on sentiment, traders said. Extending its previous day's rally, the 30-share index jumped 655.04 points or 0.90 per cent to settle at 73,651.35. During the day, it zoomed 1,194 points or 1.63 per cent to 74,190.31. The NSE Nifty climbed 203.25 points or 0.92 per cent to end at 22,326.90. On a weekly basis, the BSE benchmark climbed 819.41 points or 1.12 per cent, and the NSE Nifty advanced 230.15 points or 1.04 per cent. In the 2023-24 financial year, Sensex jumped 14,659.83 points or 24.85 per cent, while the Nifty soared 4,967.15 points or 28.61 per cent. "Indian equities closed the day and fiscal year on an optimistic note, with volatility by the end of the session, as buying
Reliance Industries rose 3.6 per cent to close at Rs 2,984, becoming both the biggest gainer and the biggest contributor to the Sensex and Nifty gains
Smallcap and midcap scheme categories have raked in over Rs 60,000 crore of investor flows in the past one year
Stock markets would be driven by global trends and foreign investors' trading activity in the holiday-shortened week, analysts said adding that key equity indices may face volatile trends amid the monthly derivatives expiry on Thursday. This week markets will have just three trading sessions. Equity markets will remain closed on Monday for Holi and on Friday for Good Friday. "This week will be shorter due to market closure on both Monday for Holi and Friday for Good Friday. As a result, trading volumes may be lower with limited market cues. However, volatility remains a possibility as we approach the March F&O expiry and the financial year-end," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent, and the Nifty went up by 73.4 points or 0.33 per cent. "This week being a truncated week and the derivatives' monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher ...
Stock market highlights on March 22: In the broader markets, too, positive sentiment lifted the BSE MidCap index 0.38 per cent and the BSE SmallCap index 1.06 per cent