Mumbai, May 6 (IANS) Indian equity benchmarks staged a strong late-session rally on Wednesday, with both the Nifty and the Sensex closing sharply higher as global cues turned favourable following a steep drop in crude oil prices.The Nifty climbed 298.15 points, or 1.24 per cent, to settle at 24,330.95, while the Sensex surged 940.73 points, or 1.22 per cent, to end at 77,958.52.Commenting on Nifty technical outlook, experts said that the markets staged a strong rebound, with Nifty closing above …
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Mumbai, May 6 (IANS) Indian equity markets traded higher on Wednesday in early deals, with benchmarks jumping almost 1 per cent each on global cues, amid hopes of de-escalation in the West Asia conflict.Sensex rose 0.85 per cent or 657 points to hit an intraday high of 77,675 in morning trade, while Nifty was trading at 24,250, up 0.90 per cent or 217 points from the previous close.Among sectoral indices, Nifty PSU Bank, Nifty Private Bank, Nifty Auto, Nifty Metal, and Nifty IT advanced up to ne…
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…
Mumbai, May 5 (IANS) Domestic equity markets on Tuesday traded sharply lower in the morning trade amid fresh jitters over escalating geopolitical tensions between the US and Iran.Sensex was trading at 76,745, down 0.67 per cent or 524 points in early trade, while Nifty slipped to 23,949, declining 0.7 per cent or 170 points.Sector-wise, selling pressure was driven by auto, financials, banking, consumer durables, and metal stocks. Nifty Auto, Nifty Private Bank, Nifty PSU Bank, Nifty Consumer Dur…
Mumbai, May 4 (IANS) Indian equity benchmarks ended higher on Monday but pared early gains to close off the day’s highs, as weakness in IT and banking stocks weighed on sentiment amid volatility linked to ongoing election results.The Sensex rose 356 points, or 0.46 per cent, to settle at 77,269.40, while the Nifty gained 121.75 points, or 0.51 per cent, to close at 24,119.30.Commenting on Nifty technical outlook, experts said that from a derivatives perspective, the structure remains clearly d…
Mumbai, May 4 (IANS) Global crude oil prices declined almost 3 per cent on Monday after US President Donald Trump said Washington would take steps to help clear vessels stranded in the Strait of Hormuz, though the lack of a breakthrough in US-Iran talks kept prices above the $100-mark.International benchmark Brent crude slipped 66 cents or 0.61 per cent to $107.51 per barrel, while US West Texas Intermediate (WTI) fell $2.83 or 2.77 per cent to $99.11 a barrel.On the domestic front, crude oil fu…
Mumbai, May 4 (IANS) Indian equity benchmarks opened on a strong note on Monday, with indices gaining 1 per cent each in the morning trade, aided by softer crude oil prices amid indications of easing tensions in West Asia amid early Assembly election trends in key states.Sensex surged as much as 833 points or 1.08 per cent to hit an intraday high of 77,746.79 in early deals, while Nifty touched 24,245.85, up 250 points or 1.03 per cent.On the sectoral front, buying interest was seen across auto,…
Mumbai, May 3 (IANS) India’s benchmark indices Nifty and Sensex are expected to remain range-bound in the near term, with a slight bullish undertone in Nifty but continued caution in the broader market, according to experts on Sunday.The Nifty began the week on a positive note with a modest gap-up and largely moved within a narrow range — reflecting a consolidation phase.Despite struggling for most of the week to hold above its short-term averages, the index eventually managed to close above …
Mumbai, May 3 (IANS) The Indian stock market is likely to remain under pressure in the coming week as investors grapple with rising crude oil prices, persistent foreign fund outflows, and escalating geopolitical tensions. Alongside these macro triggers, a busy earnings calendar is expected to keep stock-specific action high, even as the broader sentiment stays cautious.During the last trading session, the Nifty declined 0.73 per cent to close at 24,000, recovering from its day’s low, while the…
New Delhi, May 2 (IANS) Foreign institutional investors (FIIs) continued to remain net seller for the 10th consecutive month in April, as they sold Rs 70,100 crore worth Indian equities last month, according to the provisional exchange data.On the other hand, domestic institutional investors (DIIs) continue to provide support to the market, emerging as net buyer during last month, with investments totalling Rs 51,000 crore. Last week, FIIs sold net about Rs 13,000 crore while DIIs infused around…