Mumbai, April 13 (IANS) Indian equity benchmarks recovered sharply from their intra-day lows on Monday, helped by buying in defence stocks, even as broader sentiment remained cautious due to ongoing geopolitical tensions in West Asia.The Nifty closed 0.86 per cent, or 207.95 points, lower at 23,842.65, while the Sensex ended the session down 0.91 per cent, or 702.68 points, at 76,847.57.Commenting on Nifty technical outlook, experts said that going ahead, 23,900 is likely to continue acting as i…
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Mumbai, April 13 (IANS) Gold and silver prices on Monday traded under pressure, with the precious metals witnessing a decline of up to 2 per cent after the US announced a blockade of the Strait of Hormuz.On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) declined as much as 0.78 per cent or Rs 1,195 to hit an intraday low of Rs 1,51,457 per 10 gram. Meanwhile, silver futures dropped by Rs 6,084 or 2.5 per cent to Rs 2,37,190 per kg, hitting an intraday low as of 10:14 am.The y…
Mumbai, April 13 (IANS) International crude oil prices surged on Monday, climbing nearly 10 per cent and crossing the $100 per barrel mark, following the US Navy’s move to blockade the Strait of Hormuz amid stalled peace talks.Brent crude futures jumped 8.61 per cent or $8 to hit an intraday high of $103.40. Similarly, US West Texas Intermediate (WTI) crude traded at $105.63, up 9.38 per cent or $9.On the domestic front, crude oil futures (April 20 contract) on the Multi Commodity Exchange (MC…
Mumbai, April 13 (IANS) Domestic equity benchmarks traded sharply lower on Monday, declining around 2 per cent each amid weak global cues after the US and Iran failed to make progress on peace talks.Sensex plunged as much as 2.16 per cent or 1,675 points to 75,874.85, hitting an intraday low in early trade, while Nifty traded at 23,555, down around 500 points or 2.05 per cent, amid selling pressure in banking and financial, realty, auto and energy stocks.Eicher Motors, Maruti Suzuki, Shriram Fin…
Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
Mumbai, April 12 (IANS) After staging a sharp rebound following six straight weeks of decline, the Indian stock market is heading into the new week with cautious optimism. While hopes of easing geopolitical tensions and a stable domestic macroeconomic backdrop lifted investor sentiment, global cues, corporate earnings, and currency movements are expected to dictate the market’s direction in the coming days.In the previous week, both the Indian equity indices witnessed a strong recovery, with b…
Mumbai, April 12 (IANS) The Indian stock markets witnessed a strong rebound last week after six consecutive weeks of decline, supported by favourable global cues, according to analysts.Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. “The rally was further aided by a stable domestic macro backdrop, with broader markets outperforming the benchmarks. Despite elevate…
New Delhi, April 11 (IANS) Domestic institutional investors (DIIs) continued to provide crucial support to Indian equity markets this week, offsetting sustained selling by foreign institutional investors (FIIs), as global sentiment improved after a reported US‑Iran ceasefire, exchange data showed.FIIs offloaded equities worth Rs 20,710 crore during the week, while DIIs emerged as net buyers with investments totalling Rs 21,602 crore, helping benchmark indices recover over 5 per cent over the p…
Mumbai, April 11 (IANS) Indian equity benchmarks closed in green for the second consecutive week, amid huge short covering due to the US-Iran ceasefire.Nifty gained 5.89 per cent during the week and added 1.16 per cent on the last trading day to reach 24,050. At close, the Sensex was up 918 points or 1.20 percent at 77,550. It gained 5.77 per cent during the week.Both indices showed strengthening momentum and improved investor confidence.Bank Nifty overperformed the broader market, closing at 55…
Mumbai, April 10 (IANS) Indian equity benchmarks resumed their upward momentum on Friday after a brief one-day pause, as investors closely monitored developments in West Asia and assessed their potential impact on global markets. Both the Nifty and the Sensex ended higher, extending their recent gaining streak. At the closing bell, Sensex was up 918.6 points, or 1.20 per cent, to finish the intra-day trading session at 77,550.25.Nifty also followed suit and closed at 24,050.6, up 275.5 points, o…