New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
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Mumbai, May 25 (IANS) Indian equity benchmarks rallied sharply on Monday, tracking gains in global markets amid hopes of easing geopolitical tensions after US President Donald Trump said negotiations with Iran were progressing constructively.The Sensex surged 1,073.61 points, or 1.42 per cent, to close at 76,488.96, while the Nifty jumped 312.4 points, or 1.32 per cent, to settle at 24,031.7, reclaiming the crucial 24,000 mark.Commenting on Nifty technical outlook, experts said that 24,100 now a…
Mumbai, May 20 (IANS) Indian benchmark equity indices recovered all intra-day losses in the final hour of trade to end Wednesday’s session on a positive note, supported by gains in oil & gas and auto stocks.The Nifty closed at 23,659, up 41 points, or 0.17 per cent. During the session, the index touched an intra-day high of 23,690.90 and a low of 23,397.30.The Sensex also ended near the day’s high at 75,318.39, gaining 117.54 points, or 0.16 per cent.The 30-share index had fallen sharply…
Mumbai, May 19 (IANS) Indian benchmark equity indices erased their intra-day gains and closed lower on Tuesday as weakness in banking, financial and metal stocks weighed on investor sentiment.The Sensex declined 114.19 points, or 0.15 per cent, to close at 75,200.85. The Nifty settled 31.95 points, or 0.14 per cent, lower at 23,618.Commenting on Nifty technical outlook, experts said that a sustained move above the 23,700–23,800 region will be essential to strengthen recovery momentum toward th…
Mumbai, May 15 (IANS) Indian benchmark equity indices ended lower on Friday as late-session selling pressure dragged the markets down amid weakness in the rupee against the US dollar and a sharp rise in crude oil prices.The benchmark Nifty closed 46.10 points, or 0.19 per cent, lower at 23,643.50, while the Sensex declined 160.73 points, or 0.21 per cent, to settle at 75,237.99.Commenting on Nifty technical outlook, experts said that a sustained breakout above this zone will be required to stren…
Mumbai, May 13 (IANS) Indian benchmark equity indices ended a highly volatile trading session with marginal gains on Wednesday, supported by buying in metal, oil and gas stocks, even as weakness in IT, banking and auto counters capped the upside.The 30-share Sensex closed 49.74 points, or 0.07 per cent, higher at 74,608.98 after witnessing sharp intra-day swings. During the session, the index touched an intra-day low of 74,134.48 and a high of 75,191.57.The Nifty settled at 23,412.60, up 33.05 p…
Mumbai, May 12 (IANS) Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns over the broader economic fallout triggered a sharp selloff across sectors.The 30-share Sensex plunged 1,456.04 points, or 1.92 per cent, to close at 74,559.24, while the Nifty declined 436.3 points, or 1.83 per cent, to settle at 23,379.55.Commenting on Nifty technical outlook, experts said that 23,300 now acts a…
Mumbai, May 11 (IANS) Indian benchmark equity indices ended sharply lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation.At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.Commenting on the Nifty technical outlook, experts said that overall, the index appears vulnerable in the short term.“Immediate s…
Mumbai, May 7 (IANS) Indian benchmark indices ended largely flat on Thursday after trading in a narrow range throughout the session, even as broader markets outperformed and auto stocks witnessed buying interest.The Nifty slipped 4.30 points, or 0.02 per cent, to close at 24,326.65, while the Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52.Commenting on technical outlook, experts said that technically, the 24,400–24,500 zone continues to act as an immediate resistance band…
Mumbai, May 5 (IANS) Indian equity benchmarks ended lower on Tuesday, as rising geopolitical tensions in West Asia weighed on investor sentiment, pulling down banking, realty, and oil and gas stocks.The Nifty slipped 86.50 points, or 0.36 per cent, to close at 24,032.80, while the Sensex declined 251.61 points, or 0.33 per cent, to settle at 77,017.79.The benchmarks erased gains from the previous session as selling pressure intensified through the day.Sectorally, banking, real estate, and oil an…