Mumbai, Feb 16 (IANS) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment.The 30-share Sensex ended 650.39 points, or 0.79 per cent, higher at 83,277.15. The broader Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75.Commenting on Nifty technical outlook, experts said that the broader structure remains positive as long as the 25,500–25,400 support zone is defended.“On the upside,…
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Mumbai, Feb 15 (IANS) The market valuation of Tata Consultancy Services (TCS) tumbled by Rs 90,198.92 crore to Rs 9,74,043.43 crore this week, emerging as the biggest laggard among India’s top companies amid a broader bearish trend in equities.The combined market capitalisation of six of the top 10 most valued firms declined by more than Rs 3 trillion during the week, as stock markets remained under pressure.The BSE benchmark index fell by 953.64 points, or 1.14 per cent — reflecting weak inv…
Mumbai, Feb 12 (IANS) Indian stock markets ended lower on Thursday as heavy selling in major IT stocks pulled the benchmark indices into negative territory. Weak sentiment in the technology sector outweighed gains seen in select banking and finance stocks.The Sensex closed at 83,674.92, slipping 558.72 points, or 0.66 per cent. Meanwhile, the Nifty settled at 25,807.2, down 146.65 points, or 0.57 per cent, from the previous close.“As long as Nifty trades below the 25,840–25,900 resistance ba…
Mumbai, Feb 3 (IANS) Bajaj Finance on Tuesday reported a 5.6 per cent decline in consolidated net profit for the December quarter (Q3 FY26).The non-banking financial company (NBFC) posted a net profit of Rs 4,066 crore, compared to Rs 4,308 crore in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.On a sequential basis, profit fell 18 per cent from Rs 4,947 crore reported in the September quarter (Q2 FY26), as per its regulatory filing.The company said profi…
Mumbai, Feb 3 (IANS) Indian stock markets witnessed a strong rally on Tuesday as investors cheered the finalisation of the long-awaited India–US trade deal.Both benchmark indices, the Sensex and the Nifty, posted sharp gains — reflecting positive sentiment across Dalal Street.By the end of the trading session, the Sensex jumped 2,072.67 points, or 2.54 per cent, to close at 83,739.13.Meanwhile, the Nifty climbed 639.15 points, or 2.55 per cent, to settle at 25,727.55.“The key support zone r…
Mumbai, Jan 28 (IANS) Indian equity benchmark indices Sensex and Nifty ended Wednesday’s session with modest gains, managing to stay in the green despite sharp volatility through the day. Investor sentiment was influenced by December-quarter earnings announcements and the finalisation of the India–European Union Free Trade Agreement.The Sensex closed at 82,345, rising 487 points, or 0.60 per cent. During the session, the index moved between a high of 82,504 and a low of 81,815 as markets swu…
Mumbai, Jan 25 (IANS) Bajaj Finance’s market capitalisation fell by over Rs 14,000 crore last week as weak market sentiment dragged down most of India’s top-valued companies.The sharp fall came amid a broader sell-off in equities, driven by global uncertainties, foreign investor outflows and pressure on the rupee.The combined market valuation of nine of the top-10 most valued companies declined by Rs 2.51 lakh crore last week — reflecting a sharp downturn in the stock market.Bajaj Finance w…
Mumbai, Jan 20 (IANS) The Indian stock market extended its losses on Tuesday, ending the session sharply lower as investors remained cautious amid rising global tensions and continued to react to company-specific developments during the ongoing Q3 earnings season.Benchmark indices witnessed heavy selling throughout the day. The Sensex closed at 82,180.47, down 1,065.71 points or 1.28 per cent.Meanwhile, the Nifty settled at 25,232.5, slipping 353 points or 1.38 per cent by the end of the session…
Mumbai, Jan 18 (IANS) The combined market valuation of three of India’s top companies surged by Rs 75,855.43 crore last week, even as the overall stock market showed a sluggish trend during the holiday-shortened week. State Bank of India (SBI) and Infosys were the biggest gainers among the top firms. While the Sensex slipped 5.89 points, the Nifty inched up by 11.05 points over the week.Commenting on Nifty technical outlook, an expert said that “immediate resistance is placed at 25,875, foll…
Mumbai, Jan 8 (IANS) Indian equity markets witnessed their sharpest fall in a month on Thursday as benchmark indices extended losses for the fourth straight session, weighed down by rising concerns over India–US trade tensions.Investor sentiment turned cautious after reports suggested that the administration of US President Donald Trump could consider imposing steep tariffs of up to 500 per cent on Indian goods.The possibility of such harsh trade measures triggered widespread selling across se…