CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
Dip in dollar, bonds, and oversold markets boost global equities
CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.
Stocks to watch today: Bajaj Auto & Shree Cement will post September quarter (Q2FY23) results on Friday, October 14; Infosys posted 11 per cent YoY rise in consolidated net profit to Rs 6,021 cr in Q2
Key stock indices Sensex and Nifty declined over half a per cent on Thursday due to selling in financials, auto and realty shares after five-month high inflation fanned rate hike fears. A weak rupee and rising crude prices also impacted the market sentiment, traders said. The 30-share BSE Sensex declined 390.58 points or 0.68 per cent to settle at 57,235.33. The broader NSE Nifty fell 109.25 points or 0.64 per cent to end at 17,014.35. Wipro was the top loser in the Sensex pack, shedding 7.03 per cent, followed by SBI, L&T, ICICI Bank, Asian Paints, Bajaj Finance and HDFC twins. On the other hand, HCL Tech, Sun Pharma, Dr Reddy's Reliance Industries and Ultra Tech Cement were among the gainers, rising up to 3.19 per cent. Vinod Nair, Head of Research at Geojit Financial Services, "Retail inflation persisting above the desired levels has been a major cause of concern for the Indian economy. This, coupled with declining industrial production in August may not be taken well by the ..
Gold's outperformance over equity has been even better in the international market, thanks largely to a big sell-off in equities in advanced economies such as the US and Western Europe
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
Gains in Reliance Industries, HDFC, HDFC Bank, Kotak Bank, HUL, and ITC helped indices bounce back
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
Stocks to watch today: HCL Technologies, Wipro will report September quarter results (Q2FY23) on Wednesday, October 12; Suzlon Energy bags 144.9 megawatt (MW) order from Aditya Birla Group
The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent
CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers
Stocks to watch today: TCS reported an 8 per cent rise in consolidated net profit to Rs 10,431 crore in Q2FY23; AU SFB re-appointed R V Verma as its non-executive chairman.
After tumbling over 800 points in intra-day trade, the BSE Sensex clawed back some lost ground to end 200.18 points at 57,991.11.
BSE has proposed that a stock must have a derivative contract to be eligible for inclusion in the flagship 30-share Sensex index
CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.
Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%
The combined market valuation of seven of the 10 most valued firms climbed Rs 1,01,043.69 crore last week, with Reliance Industries and TCS emerging as the biggest gainers. Last week, the 30-share BSE Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. The market valuation of Reliance Industries Ltd (RIL) climbed Rs 37,581.61 crore to reach Rs 16,46,182.66 crore. Tata Consultancy Services (TCS) added Rs 22,082.37 crore, taking its valuation to Rs 11,21,480.95 crore. The market valuation of Infosys jumped Rs 16,263.25 crore to Rs 6,10,871.36 crore and that of ICICI Bank went higher by Rs 13,433.27 crore to Rs 6,14,589.87 crore. The market capitalisation (mcap) of HDFC advanced Rs 6,733.19 crore to Rs 4,22,810.22 crore and that of HDFC Bank surged Rs 4,623.07 crore to Rs 7,96,894.04 crore. Bajaj Finance added Rs 326.93 crore to its valuation to stand at Rs 4,44,563.66 crore. However, Hindustan Unilever's valuation diminis
Among Sensex shares, Tata Steel, Larsen & Toubro, ICICI Bank, HCL Technologies, Infosys and Axis Bank were among the winners