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Key equity benchmarks advanced for second day on Wednesday. The Nifty 50 index managed to close above the 12,200 mark. Gains were supported by positive global shares as concerns over the ongoing coronavirus outbreak abated. While the Hindustan Unilever was the best performer, Yes Bank was the worst performer in the 50 share index. Industrial[…]

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Domestic shares advanced for fourth trading session on Thursday after Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Thursday refrained from slashing repo rate and maintained an accommodative stance. Sentiment improved after RBI estimated a 6% GDP growth rate for 2020-21 while projecting a 6.2% growth rate for Q3 December 2020. It revised[…]

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Domestic shares advanced for second straight session on Friday, on broad-based buying support. At close, the Sensex was up 226.79 points or 0.55% at 41613.19, and the Nifty was up 67.90 points or 0.56% at 12248.30. Yes Bank, Tech Mahindra, Britannia Industries, UltraTech Cement and Axis Bank were among major gainers on the Nifty, while[…]

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After starting the day at record high levels, the equity barometers reversed trend and ended near the day’s low on Monday. The Nifty ended the session below the 12,250 level. Investors locked profits after recent steep gains. Firm crude oil prices affected market sentiment. Shares of six public sector undertakings (PSUs) were in action after[…]

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Key benchmark indices crawled higher on Tuesday. Gains were capped as surge in domestic inflation numbers dashed hopes of further monetary easing by the central bank. The broader market, however, ended firm amid positive global cues. India’s inflation,based on monthly Wholesale Price Index (WPI), increased by 2.59% year-on-year in December 2019, accelerating from 0.58% in[…]

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The domestic stock market tanked on the very first trading session of the week staring the week on bearish note as the geopolitical tension between US and Iran might take the face of serious war like situation thus sending all the equities market around the globe in jeopardy. All the major sectoral indexs ended in[…]

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After a rousing start, key benchmarks slipped into negative terrain in mid-morning trade. Indices hit fresh intraday low in afternoon trade. Barometers recovered from the day’s low in mid-afternoon trade and ended almost flat. The Nifty index marginally outperformed the Bank Nifty index owing to gains in Auto and Metal stocks. Among sectors, except PSU[…]

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Benchmark indices surged to new life time high continuing the buying really for the third day despite weak performance by global peers.Nifty remained bullish trading on its native buy trend and settled at. Pharma stocks were the major losers of the day while IT shares were the major gainers of the day. Global Markets Norwegian[…]

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The benchmark indices surged higher after opening gaped ip following the global equities peers after the Federal Reserve signalled rate settings were likely to remain accommodative, but the imminent UK election and a deadline for Sino-U.S. trade talks kept investors cautious.Nifty settled at 12028.65. Metals shares were the major gainers of the day while Media[…]

Live Equity Market News 29 Feb

Markets started the March series on a positive note after three days continuous falls on the back of positive global cues & rally in Banking stocks after the Economic Survey 2016 was presented which includes to capitalize PSU Banks and so indices were able to sustain higher and closed in green. Nifty future may now[…]

Stock Market Picking News 25 Jan

Markets recovered from two day losses as Asian shares strong up move formed the base for Indian indices due to Crude Oil rebounding while European shares were also up after ECB hinted towards further ease in policy; all these factors helped the markets to close with gains of around 2%. Nifty future sustained above 7400[…]

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Market Wrap-up: MARKET UPDATES. Finally, Benchmark share indices saw some respite after suffering for fourth straight trading sessions amid buying at lower levels after valuations turned attractive post the sharp correction in the previous session. Value buying was seen in index heavyweights like Tata Motors, TCS, Infosys, BPCL & Reliance Ind as well as recovery[…]