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…
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Mumbai, May 15 (IANS) Indian equity markets traded flat in early trade on Friday amid mixed global cues from Asian and US markets.Nifty was trading at 23,663, down 0.11 per cent or 26.25 points from the previous close, while Sensex was at 75,251, lower by 0.2 per cent or 147 points in the morning session.On the sectoral front, indices such as Nifty Metal, Nifty Realty, and Nifty Oil & Gas were among the top losers, declining up to 1 per cent. Meanwhile, Hindalco Industries, Trent, Bharat Ele…
Mumbai, May 14 (IANS) Indian equity markets ended in the green for a second consecutive session on Thursday, with benchmark indices surging over 1 per cent each amid buying in pharmaceuticals, healthcare, metal and banking stocks and expectations of policy measures to address currency volatility.Sensex closed at 75,398.72, rising 789.74 points or 1.06 per cent, while Nifty settled 277 points or 1.18 per cent higher at 23,689.60. During intraday trade, the benchmarks jumped as much as 1.43 per ce…
New Delhi, May 14 (IANS) Indian equities recovered in April despite geopolitical tensions and elevated crude oil prices, and the markets indicate a constructive phase in the long term, a report said on Thursday.The report from HSBC Mutual Fund said India’s investment cycle is expected to stay strong, supported by infrastructure spending and private capex recovery.Potential trade deals with the EU and the US are likely to support manufacturing growth and export competitiveness.The report noted …
Mumbai, May 14 (IANS) Domestic equity markets traded higher on Thursday despite elevated oil prices and geopolitical tensions, with benchmark indices rising up to 0.7 per cent amid buying in pharma and banking shares in early trade.Sensex rose as much as 462 points or 0.61 per cent to touch an intraday high of 75,071 in morning trade, while Nifty traded around 170 points or 0.72 per cent higher at 23,581.Sector-wise, buying interest was seen in pharma and healthcare, metals, chemicals, banking, …
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 13 (IANS) Domestic equity markets opened flat on Wednesday amid mixed global cues and a decline in oil prices.Sensex was trading at 74,567, up 8 points or 0.01 per cent, while the Nifty was at 23,387, gaining 8 points or 0.03 per cent. Earlier in the day, the benchmark indices opened at 74,439.34 and 23,362.45, respectively.Among sectoral indices, Nifty IT and Nifty Media were the top losers, while Nifty Metal, Nifty FMCG and Nifty Chemicals emerged as the top gainers.Eicher Motors, …
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…
New Delhi, May 12 (IANS) Global crude oil prices are likely to remain in the low $100s per barrel mark for an extended period due to persistent supply disruptions and logistical bottlenecks linked to tensions in West Asia, according to a report by JPMorgan Chase & Co.According to the investment bank’s revised assessment, oil prices are expected to remain in the low-$100s range for most of the year, even if the Strait of Hormuz resumes normal operations in the coming weeks.According to the re…
Mumbai, May 12 (IANS) Indian equity benchmarks traded sharply lower on Tuesday for the second consecutive day in morning trade, with both indices declining around 0.5 per cent amid geopolitical tensions.Sensex declined as much as 0.62 per cent or 474 points to trade at an intraday low of 75,541 in early trade, while Nifty was seen trading at 23,689, down 0.53 per cent or 126 points from the previous close.Sector-wise, IT, chemicals, realty, cement and financial indices were among the top losers,…