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…
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Mumbai, April 9 (IANS) The Indian equity markets opened on a cautious note on Thursday after witnessing a sharp rally in the previous session. Benchmark indices declined amid investor concerns over escalating geopolitical tensions, as reports suggested that Israel had attacked Lebanon’s Hezbollah, raising fears of a possible disruption in the Strait of Hormuz.Sensex traded 560 points or 0.72 per cent lower at 77,003, hitting an intra-day low in early trade, while Nifty fell as much as 182 poin…
Mumbai, April 6 (IANS) Domestic equity markets opened on a mildly positive note on Monday, even as caution over a possible escalation in the Iran war capped gains after US President Donald Trump warned of “hell” if Tehran fails to meet his Tuesday deadline to reopen the Strait of Hormuz.However, early gains were short-lived. The 30-share Sensex declined by 150 points or 0.21 per cent to 73,168. Similarly, Nifty was trading at 22,670, down 42 points or 0.19 per cent in early trade, amid selli…
Mumbai, March 23 (IANS) Indian stock markets ended sharply lower on Monday, with the Sensex plunging 1,836 points and the Nifty falling 2.6 per cent, as escalating tensions between the US and Iran spooked investors.The Sensex closed at 72,696.39, down 2.46 per cent or 1,836.57 points, while the Nifty settled at 22,512.65, losing 601.85 points or 2.60 per cent.Commenting on Nifty technical outlook, experts said that the overall market structure remains clearly bearish, with a consistent formation…
New Delhi, March 22 (IANS) The Indian equity markets are demonstrating ‘structural resilience’ despite intense global macro headwinds and foreign institutional investors (FII) outflows, according to analysts.For the week ending March 20, a persistent risk-off sentiment among FIIs was observed, with weekly net outflows totaling Rs 29,718.9 crore. This exodus, coupled with a surging US Dollar index, pressured the Indian rupee to a provisional record low of 93.71. “Remarkably, the Nifty 50 mainta…
Mumbai, March 19 (IANS) Indian stock markets witnessed a sharp fall on Thursday over rising global tensions and a sudden spike in oil prices, as the ongoing conflict involving the US, Israel and Iran disrupted key energy infrastructure.The benchmark indices, Nifty and Sensex, ended the session with steep losses as both indices logged their steepest single-day fall in nearly two years.The Nifty dropped 775.65 points, or 3.26 per cent, to close at 23,002.15, while the Sensex fell 2,496.89 points, …
Mumbai, March 13 (IANS) Indian equity markets ended sharply lower on Friday as rising tensions in the Middle East weighed on investor sentiment and triggered broad-based selling across sectors.The benchmark indices, Nifty and Sensex, closed deep in the red as concerns over the prolonged US-Iran conflict intensified fears of a gas supply crunch and higher energy costs.The Nifty declined 488.05 points, or 2.06 per cent, to settle at 23,151.10. Meanwhile, the Sensex dropped 1,470.50 points, or 1.93…
Mumbai, March 12 (IANS) Indian stock markets opened sharply lower on Thursday as rising crude oil prices and growing geopolitical tensions between the United States and Iran weighed on investor sentiment. Benchmark indices fell in early trade after Brent crude crossed the key mark of $100 per barrel, raising concerns about inflation and economic stability.The Sensex dropped 972.99 points, or 1.27 per cent, to 75,890.72 in early trading. The Nifty also slipped 299.45 points, or 1.22 per cent, to …
Mumbai, March 11 (IANS) Indian benchmark equity indices ended sharply lower on Wednesday as a surge in global oil prices and rising geopolitical tensions weighed on investor sentiment. At the closing bell, Sensex settled at 76,863.71, down 1.72 per cent or 1,342.27 points, while the Nifty ended at 23,866.85, plunging 394.75 points or 1.63 per cent. The decline was led by automobile, banking, real estate, IT, FMCG and consumer durables stocks such as Bajaj Finance, Axis Bank, Eicher Motors, Mahin…
Mumbai, March 7 (IANS) Domestic equity benchmarks plummeted nearly 3 per cent this week on a cautious note amid heightened volatility, as persistent foreign fund outflows and escalating geopolitical tensions in the Middle East kept investors on edge.The frontline indices saw a fall of 2.9 per cent each. Sensex closed at 78,918.90 against Friday’s close of 81,287.19 (February 27), while Nifty settled at 24,450.45 against the previous week’s 25,178.65 closing.Meanwhile, foreign institutional inv…