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…
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Mumbai, March 20 (IANS) The Indian stock markets ended in the green on Friday but gave up part of their gains in the final hour as rising tensions between Iran and Israel pushed oil prices higher and dampened investor sentiment.The benchmark indices Nifty and Sensex settled off their day’s highs after reports of fresh strikes between Iran and Israel triggered concerns over global energy supplies.The Nifty closed 112.35 points, or 0.49 per cent, higher at 23,114.50, while the Sensex gained 325….
Mumbai, March 18 (IANS) Equity frontline indices opened higher on Wednesday, extending gains for the third consecutive session as markets bounced back from last week’s sharp correction triggered by the West Asia conflict.Sensex opened at 76,367, up 296 points or 0.39 per cent, while the Nifty started about 50 points higher at 23,632, registering a gain of 0.22 per cent.In the broader market, smallcap stocks witnessed the sharpest uptick. The Nifty Smallcap 50 rose 0.51 per cent, while the Nift…
Mumbai, March 13 (IANS) The Indian equity markets opened sharply lower early on Friday as crude oil prices due to the US-Iran war weighed on investor sentiments.As of 9.25 am, Sensex lost 516 points, or 0.68 per cent, to reach 75,517 and Nifty eased 174 points, or 0.74 per cent, to reach 23,464.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 0.84 per cent, and the Nifty Smallcap 100 lost 1.08 per cent.All sectoral indices traded in red except…
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 10 (IANS) Indian benchmark equity indices rebounded on Tuesday, snapping a two-day losing streak as investor sentiment improved after US President Donald Trump indicated that the ongoing war with Iran could end soon. The comments eased global market concerns and supported buying across several sectors.The Nifty closed 0.97 per cent, or 233.5 points, higher at 24,261.6, while the Sensex rose 0.82 per cent, or 639.82 points, to settle at 78,205.98.Commenting on technical outlook, exp…
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…
New Delhi, March 6 (IANS) Earnings estimates of IT firms for FY27 have been lowered by 1 per cent, while target multiples for large‑cap IT services and BPO firms have eased amid uncertainty around AI adoption, a report said on Friday.Emkay Global Financial Services Ltd in its report trimmed FY27 and FY28 earnings estimates of large‑cap IT services companies by 1 per cent and 2 per cent, respectively.The “implied terminal growth for covered large‑cap IT services companies” for these compani…
Mumbai, Feb 27 (IANS) The Indian equity markets opened the last session of the week with losses on Friday despite strong gains in the domestic IT stocks.The Indian IT stocks defied global trends amid technology-led selloff seen in Wall Street following weaker-than-expected earnings from Nvidia.As of 9.20 am, Sensex lost 346 points, or 0.42 per cent, to reach 81,903, and Nifty eased 113 points, or 0.44 per cent, at 25,383 in the morning trade.Main broad-cap indices performed in line with the benc…
Mumbai, Feb 26 (IANS) The Indian equity markets traded flat with a positive bias early on Thursday, as IT stocks recovered tracking overnight gains on Wall Street in the US.As of 9.25 am, Sensex added 58 points, or 0.07 per cent, to reach 82,334, and Nifty gained 15 points, or 0.06 per cent, at 25,498.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 added 0.22 per cent, and the Nifty Smallcap 100 lost 0.08 per cent.Sectoral indices traded mixed with Ni…