Mumbai, July 8 (IANS) Domestic equity markets opened lower on Wednesday, tracking weak global cues amid renewed geopolitical tensions in the Middle East.Sensex opened 364.27 points or 0.46 per cent lower at 77,816.45, while Nifty slipped 139.15 points or 0.57 per cent to 24,259.55.Among sectoral indices, Nifty Oil & Gas led the losses, declining more than 1 per cent.Nifty Media, Nifty PSU Bank, Nifty Realty, Nifty Cement, Nifty Metal, Nifty Auto and Nifty FMCG also declined by up to almost 1…
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Mumbai, July 7 (IANS) Indian benchmark equity indices ended lower on Tuesday, snapping a four-session winning streak, as weakness in metal and realty stocks offset gains in information technology and consumer-focused sectors.The Sensex declined 104.35 points, or 0.13 per cent, to close at 78,180.72. The Nifty slipped 31.65 points, or 0.13 per cent, to settle at 24,398.70.Commenting on Nifty technical outlook, experts said that the 24,500–24,600 region remains the immediate and crucial resistan…
Mumbai, July 7 (IANS) The market capitalisation (mcap) of all listed companies on the BSE has hit a record high in rupee terms, driven by the sustained rally in stock markets, strong gains in broader markets, easing geopolitical tensions, softer crude oil prices and renewed foreign institutional investor (FII) buying.As of Monday’s close, the combined market capitalisation of all BSE-listed companies stood at a record Rs 482.31 lakh crore, up 17 per cent since the beginning of April. The previou…
Mumbai, July 7 (IANS) Indian equity benchmark indices traded higher on Tuesday amid positive global cues and crude oil prices hovering around the $70-a-barrel mark.Sensex jumped as much as 0.27 per cent or over 200 points to hit an intraday high of 78,504 in early trade, while Nifty was trading around 60 points or 0.23 per cent higher at 24,488.Sectorally, IT, banking and financial stocks led the gains. Nifty IT rose 1.28 per cent, followed by Nifty PSU Bank which gained 0.45 per cent.In contras…
Mumbai, July 6 (IANS) Indian equity benchmarks extended their winning streak to a fourth consecutive session on Monday, supported by strong buying in realty, auto, oil and gas stocks.The Nifty closed 159.50 points, or 0.66 per cent, higher at 24,430.35, while the Sensex advanced 521.16 points, or 0.67 per cent, to settle at 78,285.07.Commenting on Nifty technical outlook, experts said that the 24,500–24,600 zone will remain a crucial region to watch in the upcoming sessions, as a decisive move…
Mumbai, July 6 (IANS) Indian stock markets opened positively on Monday, supported by revival of monsoon, renewed foreign institutional investor (FII) buying, and softer crude oil prices.Sensex started the session at 77,940.90, up 176.99 points or 0.23 per cent, while Nifty opened at 24,306.85, gaining 36 points or 0.15 per cent.Among the sectoral indices, Nifty Realty was the top gainer, rising 0.86 per cent, followed by Nifty Metal which advanced 0.39 per cent.Healthcare-related indices also tr…
Mumbai, July 5 (IANS) After ending the week on a firm note, India’s benchmark indices are expected to remain on a positive trajectory, with experts saying the Sensex could move towards the 79,000 mark and the Nifty may target 24,600 if they manage to sustain above crucial resistance levels in the coming sessions.In the previous week, the Indian stock market concluded with solid gains, supported by strong domestic macroeconomic indicators and improving investor sentiment.Robust GST collections, b…
Mumbai, July 5 (IANS) The Indian stock market is expected to take cues from the start of the June quarter earnings season, global geopolitical developments, crude oil price movement, foreign investor activity and currency trends in the coming week. After extending gains for a third consecutive session on Friday, benchmark indices will also be closely watched for their response to domestic macroeconomic indicators and global market sentiment.Indian benchmark indices ended higher for the third str…
Mumbai, July 4 (IANS) The Indian equity benchmarks posted a fourth consecutive week of gains, over sustained correction in crude oil prices and expectations of a more favourable global interest rate environment.Nifty added 0.89 per cent during the week and edged up 0.39 per cent on the last trading day to reach 24,270. At close, Sensex was up 261 points, or 0.34 per cent, at 77,763. It added 0.86 per cent during the week.The domestic markets shifted from defensive caution at the start of the wee…
Mumbai, July 3 (IANS) The benchmark equity indices extended their gains on Friday, supported by strong buying in IT, realty, pharma and healthcare stocks, even as the broader market delivered a mixed performance.The Nifty advanced 95.15 points, or 0.39 per cent, to trade at 24,270.85, while the Sensex climbed 262.79 points, or 0.34 per cent, to 77,763.91.Commenting on Nifty technical outlook, experts said that the 24,400 level remains the immediate resistance.”A sustained breakout above this zon…