Mumbai, July 28 (IANS) Domestic equity benchmark indices opened on a muted note on Tuesday, tracking weak cues from Asian markets after a sharp selloff in global semiconductor stocks.Sensex opened at 76,831.75, down 4 points or 0.01 per cent, while Nifty started the session at 23,971.25, lower by 24.70 points or 0.10 per cent.Sectorally, IT stocks led the gains in early trade, with Nifty IT surging 2 per cent. Nifty MidSmall IT & Telecom advanced 1 per cent, while realty, healthcare and phar…
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Mumbai, July 27 (IANS) Indian benchmark equity indices snapped their five-session losing streak on Monday, buoyed by a sharp decline in crude oil prices after the United States and Iran paused military strikes, easing concerns over a prolonged geopolitical conflict.The Sensex surged 776.29 points, or 1.02 per cent, to close at 76,835.78, while the Nifty climbed 229.40 points, or 0.96 per cent, to settle at 23,995.95, nearly reclaiming the 24,000 mark.Commenting on Nifty technical outlook, expert…
Mumbai, July 27 (IANS) Domestic equity benchmark indices opened higher on Monday, supported by a sharp decline in crude oil prices.Sensex started the session 549.21 points or 0.72 per cent higher at 76,608.98, while Nifty gained 160.95 points or 0.68 per cent to 23,928.40.All sectoral indices traded in positive territory during the opening session.Nifty MidSmall Financial Services index emerged as the top gainer, rising 1.29 per cent, followed by Nifty IT, which advanced 1.25 per cent. Nifty Med…
Mumbai, July 26 (IANS) The benchmark equity indices are likely to remain under pressure in the coming week, with the Sensex facing immediate resistance around the 76,300 level and the Nifty expected to find crucial support near 23,600 after both indices extended losses in a volatile trading week marked by rising crude oil prices, geopolitical tensions and weak banking stocks, analysts said on Sunday.According to experts, the Sensex surrendered the gains made in the previous week and slipped belo…
Mumbai, July 26 (IANS) The combined market valuation of nine of India’s 10 most-valued listed companies declined by Rs 2.74 lakh crore last week as a sharp sell-off in domestic equities weighed on heavyweight stocks, with HDFC Bank emerging as the biggest laggard.The decline in market capitalisation came in line with a weak broader market, as the Sensex plunged 2,091.68 points, or 2.67 per cent, during the week, while the Nifty dropped 566.85 points, or 2.32 per cent.Among the country’s top-10 m…
Mumbai, July 26 (IANS) The Indian stock market is expected to remain driven by global cues in the coming week, with investors closely tracking the US Federal Reserve’s interest rate decision, a fresh round of June quarter earnings, movements in crude oil prices and developments in the Middle East. Market participants will also keep an eye on foreign fund flows and the rupee, as elevated geopolitical risks continue to influence sentiment.The benchmark indices ended the previous week with sharp lo…
Mumbai, July 26 (IANS) The weakening of the global chip trade is a positive news for India as foreign portfolio investor (FPI) equity investment through July 24 stood at Rs 14,945 crore, of which Rs 3,167 crore was through exchanges and Rs 11,778 crore through the primary market.Debt inflows continue to be robust. This is partly in response to the debt taxation reforms announced by the government. This month, so far, FPIs continued to be big sellers in markets like South Korea and Taiwan, said a…
Mumbai, July 25 (IANS) The Indian equity benchmarks posted strong weekly loss, over global inflation fears and higher crude prices.Nifty lost 2.33 per cent during the week and dipped 0.43 per cent on the last trading day to reach 23,767. At close, Sensex was down 331 points, or 0.43 per cent, at 76,059. It lost 2.68 per cent during the week.”Inflationary fears intensified as the escalation of the West Asia conflict and the blockade at the Red Sea helped crude to cross the $100 per barrel mark. M…
Mumbai, July 25 (IANS) Foreign institutional investors (FIIs) continued to remain net seller in the Indian stock markets this week, offloading Rs 7,180 crore based on provisional exchange data.On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing Rs 8,640 crore this week. “Foreign Institutional flows are likely to remain volatile until there is greater clarity on the geopolitical situation and sustained stability in crude oil prices, which will be key to restor…
Mumbai, July 24 (IANS) Indian equity benchmarks extended their losing streak to a fifth consecutive session on Friday, marking their longest stretch of declines since the first week of January, as investors remained cautious amid concerns over the inflation and growth outlook in the backdrop of elevated crude oil prices.The Sensex declined 332 points, or 0.43 per cent, to close at 76,059.77, while the Nifty fell 102.15 points, or 0.43 per cent, to settle at 23,767.45.Commenting on Nifty technica…