Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
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Mumbai, June 19 (IANS) Both the Indian indices ended lower in Friday’s session as IT shares dropped sharply following dismal sales and top-line outlook from their global peer Accenture.At the closing bell, the 50-share index Nifty was at 24,013.10, down by 155 points or 0.64 per cent. The Sensex followed suit and fell 0.78 per cent or 608 points to 76,802.90.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region continues to act as the immediate resistance zone.“…
Mumbai, June 19 (IANS) Domestic equity markets opened lower on Friday after a recent rally, with IT stocks bearing the brunt of the selling pressure after global software services provider Accenture’s guidance cut triggered concerns over the sector’s growth outlook.Sensex opened at 76,852.86, down 0.71 per cent or over 500 points, while Nifty began the session at 23,991.20, declining 0.73 per cent or more than 150 points.Sector-wise, Nifty IT plunged nearly 6 per cent, while Nifty MidSmall IT &a…
Mumbai, June 18 (IANS) Indian equity benchmark indices closed higher on Thursday, supported by fag-end buying and gains in PSU bank, healthcare, metal and realty stocks, even as weakness in the IT sector capped the upside.The Sensex rose 254.36 points, or 0.33 per cent, to settle at 77,409.98, while the Nifty gained 82.30 points, or 0.34 per cent, to close at 24,168.00.Commenting on Nifty technical outlook, experts said that the 24,200 level now emerges as the immediate resistance. “A sustained …
Mumbai, June 13 (IANS) The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.10 per cent during the week and gained 1.99 per cent on the last trading day to reach 23,622. At close, Sensex was up 1,695 points or 2.30 percent at 75,527. It added 1.73 per cent during the week.The Indian equities showed structural resilience in a turbulent week,…
Mumbai, June 12 (IANS) Indian equity benchmarks rallied sharply on Friday, with the Sensex soaring nearly 1,700 points and the Nifty reclaiming the 23,600 mark, as investor sentiment improved on hopes of a potential peace agreement between the United States and Iran.The Sensex closed at 75,527.95, gaining 1,695.40 points, or 2.30 per cent, from its previous close of 73,832.55. The 30-share index opened at 74,709.27 and touched an intra-day high of 75,608.02 before settling near the day’s peak.Th…
Mumbai, June 12 (IANS) Indian equity markets rose in morning session on Friday, following positive global market cues amid a fall in oil prices and reports that US President Donald Trump had cancelled plans to strike Iran, citing progress in talks.Sensex surged as much as 1.35 per cent or 1,000 points to touch an intraday high of 74,834 in early trade. Similarly, Nifty rose 1.26 per cent or about 300 points to 23,455.Sectorally, all indices traded in green. Nifty Realty emerged as the top perfor…
Mumbai, June 11 (IANS) Indian equity benchmark indices ended a volatile trading session lower on Thursday as investor sentiment weakened amid escalating geopolitical tensions in West Asia following fresh military action by the United States against Iran.The Nifty closed 53.35 points, or 0.23 per cent, lower at 23,161.60, while the Sensex declined 150.63 points, or 0.20 per cent, to settle at 73,832.55.Commenting on Nifty technical outlook, experts said that the 23,300-23,400 zone now acts as an …
Mumbai, June 11 (IANS) Domestic equity benchmarks traded lower on Thursday in the morning session amid escalating tensions in West Asia and a sharp rise in crude oil prices.Sensex declined over 450 points or 0.62 per cent to touch an intraday low of 73,518 in early trade. Similarly, Nifty slipped more than 100 points or 0.61 per cent to an intraday low of 23,072.Sectorally, IT stocks led the decline, with the Nifty IT index tumbling more than 2 per cent. Nifty MidSmall IT & Telecom, Nifty Ce…
Mumbai, June 10 (IANS) Indian benchmark indices ended on a mixed note on Wednesday, with the Sensex closing marginally higher while the Nifty slipped into the red as selling pressure in metal, PSU bank and realty stocks erased a large part of the day’s gains.The Sensex rose 64.42 points, or 0.09 per cent, to close at 73,983.18. The Nifty, however, slipped 27.15 points, or 0.12 per cent, to settle at 23,214.95.Commenting on Nifty technical outlook, experts said that the 23,250–23,300 zone conti…