Mumbai, May 26 (IANS) Indian equity markets traded flat in morning trade on Tuesday after fresh US strikes in southern Iran targeting boats attempting to lay mines and missile launch sites.In early trade, Sensex was at 76,339.29, down 150 points or 0.20 per cent, while Nifty slipped 45 points or 0.19 per cent to 23,986.40. Earlier in the day, the benchmark indices opened at 76,224.14 and 24,004.10, respectively.Among sectoral indices, IT, chemicals, media, PSU banks and metal stocks traded in po…
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Mumbai, May 19 (IANS) Indian benchmark equity indices erased their intra-day gains and closed lower on Tuesday as weakness in banking, financial and metal stocks weighed on investor sentiment.The Sensex declined 114.19 points, or 0.15 per cent, to close at 75,200.85. The Nifty settled 31.95 points, or 0.14 per cent, lower at 23,618.Commenting on Nifty technical outlook, experts said that a sustained move above the 23,700–23,800 region will be essential to strengthen recovery momentum toward th…
Mumbai, May 19 (IANS) Domestic equity markets traded higher on Tuesday in early trade amid hopes of a de-escalation in the West Asia conflict after US President Donald Trump indicated a possible nuclear deal with Iran.Sensex rose as much as 368 points or 0.48 per cent to hit an intraday high of 75,683 in morning trade, while Nifty was trading at 23,758, up 110 points or 0.45 per cent.Sectorally, IT stocks led the gains, with the Nifty IT index surging 4 per cent. Similarly, the Nifty MidSmall IT…
Mumbai, May 16 (IANS) Domestic equity markets witnessed another week of sharp correction, with benchmark indices declining over 2 per cent each amid rising crude oil prices and ongoing geopolitical tensions in West Asia.Nifty declined by 2.2 per cent or 532 points during the week to close at 23,643.5 against the previous Friday’s closing, while Sensex dropped 2.7 per cent or over 2,000 points to end at 75,238.Meanwhile, broader markets remained under heavier pressure, with the mid-cap index fall…
Mumbai, May 11 (IANS) Indian benchmark equity indices ended sharply lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation.At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.Commenting on the Nifty technical outlook, experts said that overall, the index appears vulnerable in the short term.“Immediate s…
Mumbai, May 11 (IANS) Shares of jewellery companies witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to defer non-essential gold purchases as part of broader austerity measures aimed at conserving foreign exchange reserves amid the ongoing West Asia crisis.Investors rushed to trim exposure to gold-linked counters amid fears that the Prime Minister’s appeal could weigh on jewellery demand in the coming months.Shares of Titan Company plunged as much as…
New Delhi, May 11 (IANS) Tata Trusts Chairman Noel Tata has voted against the reappointment of Venu Srinivasan and Vijay Singh as trustees of the Tata Education and Development Trust (TEDT), according to multiple reports.Noel Tata reportedly has cast his vote, a day before the voting window was scheduled to close, confirming the outcome of the process.The reappointments required unanimous approval, which means the opposition effectively ended the possibility of both trustees securing another ter…
Mumbai, May 7 (IANS) Indian benchmark indices ended largely flat on Thursday after trading in a narrow range throughout the session, even as broader markets outperformed and auto stocks witnessed buying interest.The Nifty slipped 4.30 points, or 0.02 per cent, to close at 24,326.65, while the Sensex declined 114 points, or 0.15 per cent, to settle at 77,844.52.Commenting on technical outlook, experts said that technically, the 24,400–24,500 zone continues to act as an immediate resistance band…
New Delhi, April 17 (IANS) Shares of Kalyan Jewellers India fell sharply on Friday after reports suggested that banks in India have halted fresh imports of gold and silver, triggering concerns across the jewellery sector. The stock initially dropped nearly 6 per cent during intra-day trade, but later recovered some losses to trade 2.86 per cent lower.According to reports, large quantities of precious metals are currently stuck at customs as a formal government order authorising bullion imports h…
Mumbai, April 6 (IANS) Indian equity markets ended higher for the third consecutive session on optimism surrounding a potential de-escalation in tensions between the US and Iran, lifting investor sentiment across sectors.The benchmark Nifty rose 1.12 per cent or 255 points to close at 22,968.25, while the Sensex gained 787 points, or 1.07 per cent, to settle at 74,106.85.From a technical standpoint, experts said that Nifty is approaching the immediate resistance level near 23,000, which continue…