Mumbai, April 11 (IANS) Indian equity benchmarks closed in green for the second consecutive week, amid huge short covering due to the US-Iran ceasefire.Nifty gained 5.89 per cent during the week and added 1.16 per cent on the last trading day to reach 24,050. At close, the Sensex was up 918 points or 1.20 percent at 77,550. It gained 5.77 per cent during the week.Both indices showed strengthening momentum and improved investor confidence.Bank Nifty overperformed the broader market, closing at 55…
Latest Bank Nifty News & Updates
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Mumbai, March 28 (IANS) The Indian equity benchmarks closed lower for the fifth consecutive week, amid persistent geopolitical tensions, elevated crude oil prices and sustained foreign outflows.Nifty dipped 1.28 per cent during the week and declined 2.09 per cent on the last trading day to settle at 22,819. At close, Sensex was down 1,690 points or 2.25 per cent, at 73,583. It declined 1.27 per cent during the week.Both indices remained volatile and under pressure throughout the week, although t…
Mumbai, March 21 (IANS) The Indian equity benchmarks closed in the red for the fourth consecutive week, showing sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 0.16 per cent during the week, and gained 0.49 per cent on the last trading day to reach 23,114. At close, Sensex was up 324 points or 0.44 per cent at 74,532. It declined 0.04 per cent during the week.Both indices began the week on a flat note but soon gained momentum, mainly due to buyer intere…
Mumbai, March 11 (IANS) The Indian equity markets posted moderate losses in early trade on Wednesday over cautious sentiment amid the ongoing war between US-Israel and Iran, leading to the prolonged closure of the Strait of Hormuz.As of 9.25 am, Sensex lost 109 points, or 0.14 per cent, to reach 78,096 and Nifty eased 26 points, or 0.11 per cent to reach 24,234.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 gained 0.72 per cent, and the Nifty Smallca…
Mumbai, March 10 (IANS) The Indian equity markets made notable gains in the early trade on Tuesday after US President Donald Trump indicated that war with Iran may be approaching an end.As of 9.29 am, Sensex added 413 points, or 0.53 per cent, to reach 77,979 and Nifty gained 112 points, or 0.47 per cent to reach 24,140.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 gained 1.05 per cent, and the Nifty Smallcap 100 added 1.32 per cent.All sectoral ind…
Mumbai, March 8 (IANS) The Indian stock markets’ sentiment will largely be shaped by persistent geopolitical tensions in the Middle East this week, and the bourses are expected to see volatile movements, analysts said on Sunday.Kuwait announced stopping oil production and refining output as tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy described the output reduction as a precautionary step, though it did not reveal the extent of the cut.Global investors are …
Mumbai, March 6 (IANS) The Indian equity markets posted losses in early trade on Friday tracking global weakness, crude oil prices amid tensions in the Middle East.As of 9.28 am, Sensex lost 365 points, or 0.46 per cent, to reach 79,650 and Nifty dipped 103 points, or 0.42 per cent to reach 24,662.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.30 per cent, and the Nifty Smallcap 100 gained 0.45 per cent.All sectoral indices traded in red exce…
Mumbai, March 5 (IANS) The Indian equity markets gained moderately in early trade on Thursday, tracking gains in Asian peers despite rising tensions in the Middle East.As of 9.30 am, Sensex gained 246 points, or 0.31 per cent, to reach 79,362 and Nifty added 84 points, or 0.35 per cent, at 24,565.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 1.02 per cent, and the Nifty Smallcap 100 gained 1.11 per cent.All sectoral indices traded in green exc…
Mumbai, Feb 28 (IANS) Indian stock markets ended the week on a weak note, with benchmark indices falling amid global uncertainty and rising geopolitical tensions. Investors remained cautious as volatility in global markets and uncertainty around US-Iran talks dampened sentiment, even though India’s latest GDP data showed strong growth.For the week, both the Sensex and the Nifty fell around 1.5 per cent. Broader markets also remained under pressure, with the Nifty Midcap 100 and Smallcap 100 in…