MUMBAI: Market benchmark BSE Sensex on Monday reclaimed the 25,000-level by surging over 131 points in early trade, extending weekend's gains on fresh foreign capital inflows amid a mixed trend at other Asian bourses.
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The 30-share index rallied by 131.63 points, or 0.52 per cent, to 25,002.32, with capital goods, healthcare, IT, consumer durables, realty and auto sector stocks leading the rise.The gauge had gained 401.12 points in the previous session.The broader NSE Nifty also moved up 28.80 points, or 0.38 per cent, to 7,592.35.Brokers said revival of buying by foreign investors and widening of positions by investors, mainly influenced the trading sentiment.Besides, mixed third quarterly earnings and a mixed trend at other Asian bourses supported the rise in the domestic markets.Bucking the trend, auto sector stocks such as Hero MotoCorp and Maruti Suzuki were trading in the negative zone ahead of the monthly sales data.
In the Asian region, Japan's Nikkei moved up 1.80 per cent while Hong Kong's Hang Seng index slipped 0.61 per cent in early trade on Monday.
Shanghai Composite index was down 1.71 per cent after Chinese manufacturing activity fell to its lowest level in three years last month.
The US Dow Jones Industrial Average ended 2.47 per cent lower in Friday's trade.
Source - TOI
MUMBAI: The benchmark BSE Sensex rallied about 154 points to 24,623.56 in early session on Friday on fresh buying push from investors as the February derivatives series was off to a solid start amid positive Asian cues.
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The 30-share Sensex, which lost 22.82 points in the previous choppy session, recouped 153.99 points, or 0.62 per cent, at 24,623.56.Except banking, all sectoral indices of BSE led by consumer durables, metal and oil and gas were in the positive zone, rising by up to 1.85 per cent.The NSE Nifty jumped 54.35 points, or 0.73 per cent, to 7,479.
Brokers said build-up of bets following the beginning of the February futures and options (F&O) series led to the rebound.
A firming trend at other Asian markets led by Japan after the Bank of Japan surprised markets by announcing a negative interest rate policy buoyed sentiment here too, they said.However, shares of ICICI Bank and Maruti Suzuki fell 3.86 per cent 1.72 per cent, respectively, dragged down by muted third quarter earnings announced after trading hours on Thursday.
Japan's Nikkei climbed 3.21 per cent, Shanghai Composite rose 2 per cent while Hong Kong's Hang Seng was up 2.05 per cent in early trade.
The US markets ended 0.79 per cent higher in yesterday's trade on higher oil prices and strong corporate earnings.
Source - TOI
MUMBAI : The sensex fell almost 92 points to 24,400.52 in early trade on Thursday as participants cut down risky bets in view of the January derivatives expiry amid lacklustre Asian cues.
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The rupee dealt a further blow, which fell another 14 paise to trade at a fresh 29-month low of 68.19 against the dollar at the forex market in early hours.The 30-share barometer fell 91.87 points, or 0.37%, to 24,400.52. The gauge had gained 530.18 points in the previous straight three sessions.Losses in Bharti Airtel, HDFC Ltd, Tata Steel, Maruti Suzuki, Bajaj Auto, Asian Paints, SBI, L&T and ICICI Bank stocks kept the Sensex on edge.The NSE Nifty too declined 28.15 points, or 0.37%, to 7,409.60.
Today being the last trading session of the January futures and options expiry, winding-up of positions and profit-booking at select stocks took their toll.Other Asian markets got the blues after the US Fed hinted at more interest rate hikes this year despite the lingering economic uncertainty, which also hit sentiment.
The Shanghai Composite index was down 0.51% while Japan's Nikkei eased back 0.04% in early trade. Hong Kong's Hang Seng was trading a tad higher.
The Dow Jones Industrial Average closed 1.38% lower in yesterday's trade
Source - TOI
MUMBAI: Extending gains for the third straight session, the benchmark sensex surged about 160 points to 24,645.70 in early trade on Wednesday amid a firming trend at other Asian markets, tracking overnight gains in the US and Europe.
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The 30-share index, which had gained 523.74 points in the previous two sessions, gained another 159.75 points, or 0.75%, at 24,645.70, with sectoral indices led by power, healthcare, realty, auto and IT trading in the positive zone.The NSE Nifty was also trading higher by 39.90 points, or 0.53%, at 7,476.05.
The market was closed yesterday for the Republic Day.
Brokers said buying activity picked up momentum largely in step with a firming trend at other Asian bourses and overnight gains in the US and European markets on the back of a rally in crude oil which kept mood upbeat.Among other Asian markets, Japan's Nikkei climbed 2.02% while Hong Kong's Hang Seng was trading higher by 0.47% in early trade. Shanghai's Composite index was up 0.23%.
The US Dow Jones Industrial Average ended 1.78% higher in yesterday's trade.
Source - TOI
MUMBAI : The benchmark BSE Sensex climbed over 159 points in early trade on Monday, extending its weekend rally on continued buying amid a firming trend at other Asian bourses on indications of additional central bank stimulus.
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Besides, covering-up of short positions in view of an approaching January expiry in the derivatives segment on Thursday influenced mood.The 30-share index rose 159.47 points, or 0.65 per cent, to 24,595.13, with all sectoral indices led by auto, healthcare, capital goods, metal and banking trading higher by up to 1.12 per cent.The gauge had rallied 473.45 points in the previous session.The NSE index Nifty too edged higher by 60.40 points, or 0.81 per cent, to 7,482.85.
Brokers said investors speculated over the possibility that central banks will unleash more stimulus measures to bolster financial markets, which led to a firm trend at other Asian markets, lifting spirits here.
Stock markets will remain closed tomorrow for the Republic Day.
Among other Asian markets, Hong Kong's Hang Seng was up 2.47 per cent and Japan's Nikkei gained 0.67 per cent while the Shanghai Composite index was trading higher 0.60 per cent in early trade today.
The US Dow Jones Industrial Average ended 1.33 per cent higher in Friday's trade.
Source - TOI
MUMBAI: Market benchmark Sensex surged by 412 points in late morning deals on value-buying in most of the sectors led by metals, banks, auto, oil&gas, consumer durables and healthcare sectors on the back of higher Asian cues.
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Overnight gains in US stocks and rise in crude oil also lifted market mood.The BSE Sensex opened higher at 24,122.06 and traded between 24,375.07 and 24,120.04, before quoting 24,374.26 at 1100 hours, up 412.05 points or 1.72 per cent.The NSE Nifty was also trading well above 7,300-level, higher by 121.40 points or 1.67 per cent to 7,398.20.Major gainers were GAIL up 6.39 per cent, SBI 4.48 per cent, Axis Bank 4.12 per cent, NTPC 3.84 per cent, Tata Steel 3.69 per cent, Tata Motors 3.58 per cent, Maruti 3.34 per cent and Coal India 3.07 per cent.
Meanwhile, foreign portfolio investors sold shares worth Rs 1,747.23 crore on Thursday, as per provisional data.
Overseas, Asian were trading higher tracking overnight gains in the US.
Wall Street closed higher after a hint of more monetary easing by the European Central Bank (ECB) and a rebound in crude oil prices.
Source - TOI
MUMBAI : Market benchmark BSE sensex rebounded from over 20-month low by climbing 253 points at 24,314.79 in early trade on Thursday on value-buying in blue-chips amid a firming trend at other Asian bourses despite an overnight slump in the US markets.
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Besides, covering-up of short positions at existing attractive levels by speculators supported the recovery.The 30-share index was trading higher by 252.75 points or 1.05 per cent at 24,314.79 with all sectoral indices led by banking, power, capital goods and metal, leading the recovery.The gauge had lost 417.80 points in the previous session, tracking massive sell-off in global indexes on growth worries.Besides, the NSE Nifty recovered by 71.80 points or 0.98 per cent to 7,381.10.
Equity brokers said value-buying in yesterday's battered blue-chips along with covering-up of short positions by speculators, helped Sensex bounce back from over 20-month low.
Furthermore, gains at other Asian markets despite an overnight plunge in the US markets influenced trading sentiments here, they said.
Among other Asian markets, Shanghai Composite index was up 0.46 per cent, while Japan's Nikkei rose 1.62 per cent in early trade today. Hong Kong's Hang Seng index was also trading 1.39 per cent higher.
The US Dow Jones Industrial Average, however, fell 1.56 per cent in yesterday's trade
Source - TOI
MUMBAI : The benchmark BSE sensex recovered from 20-month low by rising over 126 points in early trade today, mainly driven by value-buying in recently battered blue-chip stocks amid firm Asian cues.
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Besides, covering-up of short positions by speculators also supported the recovery.The 30-share index was trading higher by 126.72 points, or 0.52%, at 24,315.09 on the back of recovery in the stocks of power, banking, IT and healthcare companies.The gauge has lost almost 666 points in the previous three straight sessions following a massive dip in exports and weak global cues after crude slipped below USD 28 a barrel.Also, the NSE Nifty rose by 42.50 points, or 0.57%, to trade at 7,393.50.Brokers said value-based buying in blue-chips after recent losses and covering of short positions by speculators helped markets' mood to improve.
Shares of Reliance Industries were trading higher by 0.22% at Rs 1,020.25 ahead of its quarterly earnings, to be released later in the day.Besides, a firming trend at other Asian markets ahead of the release of Chinese economic growth data for 2015 triggered a fresh round of buying activity, they said.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.24% while Japan's Nikkei up 0.09% in early trade today. Shanghai Composite index marginally was up by 0.02%.
US markets remained closed yesterday for the Martin Luther King Day national holiday.
Source - TOI
MUMBAI: The benchmark BSE sensex was trading lower by about 73 points in early volatile trade on sustained capital outflows by foreign funds and selling by retail investors on muted corporate earnings amid weak Asian cues.
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The 30-share index declined 72.97 points or 0.30% to 24,382.07 after rising to 24,524.85.The gauge has lost 399.07 points in the past two sessions on global worries amid muted earnings by Hindustan Unilever and plunging global oil prices.The NSE Nifty was also trading lower by 30.60 points or 0.41% to 7,407.20.Stocks of capital goods, oil and gas, infrastructure, auto, realty and healthcare were leading the fall.Brokers said sentiments remained weak on lower-than-expected earnings by some bluechip companies so far amid sustained capital outflows by foreign funds.Besides, extended last week's losses at other Asian markets on worries about tumbling oil prices and the slowing Chinese economy continued to weigh on the sentiments, they added.
Stocks of country's third largest software services firm Wipro fell 1.33% to Rs 536.20 despite posting a 1.8% rise in consolidated net profit to Rs 2,234.1 crore for the December quarter.In other Asian markets, Hong Kong's Hang Seng index was down 1.84%, while Japan's Nikkei shed 1.94% in early trade today. Shanghai Composite Index was down 0.67%.
The US Dow Jones had tumbled 2.39% in Friday's trade.
Source - TOI
MUMBAI: The benchmark BSE Sensex recovered over 57 points in early trade on Tuesday on mild buying in select stocks by participants amid mixed Asian cues and ahead of the IIP and inflation data to be released later in the day.
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The 30-share index was 57.26 points, or 0.23 per cent, higher at 24,882.30 in early trade with sectoral indices, led by power, capital goods, infrastructure, PSU, pharma and consumer durables and oil & gas were in positive terrain.The gauge had fell 109.29 points in yesterday's trade, its fifth fall in six sessions.
The National Stock Exchange index Nifty was quoting higher by 24.45 points, or 0.32 per cent, at 7,588.30.
Stock brokers said widening of positions by cautious participants ahead of key economic data — industrial production (IIP) numbers for December and inflation — to be released later in the day and a mixed trend at other Asian bourses influenced sentiment.
In the Asian region, China's main Shanghai Composite Index rose 0.38 per cent, Hong Kong's Hang Seng up 0.27 per cent while Japan's Nikkei shed 1.67 per cent in morning trade today.
The US Dow Jones Industrial Average ended 0.32 per cent higher in Monday's trade.
Source - TOI
MUMBAI: The benchmark BSE Sensex plunged over 335 points to hit a fresh 19-month low and the NSE Nifty crashed below the 7,500-mark in early trade on Monday due to heavy selling by funds and investors tracking weak Asian markets amid persistent China fears.
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The 30-share index was trading down by 335.43 points, or 1.34 per cent, to 24,598.90 with all sectoral indices led by metal, capital goods and PSU leading the fall with losses up to 2.29 per cent.The Sensex had gained 82.50 points in the previous session on Friday.
On similar lines, the NSE Nifty dropped below the 7,500-mark by falling 105.70 points, or 1.39 per cent, to 7,495.65.
Brokers said sentiment dampened following other Asian markets amid unabated China fears which led to massive losses on global markets last week, overshadowing a strong US jobs report.
Furthermore, the depreciating rupee against the dollar also negatively impacted sentiment in the domestic market, they added.
In the Asian region, Hong Kong's Hang Seng fell 2.61 per cent in early trade, while Shanghai composite index plunged 2.40 per cent. Japan's market remained closed today for a public holiday.
The US Dow Jones Industrial Average ended 1.02 per cent lower on Friday's trade.
Source - TOI
MUMBAI: Signs of stability in global markets helped the domestic equities break a four-session losing streak but failed to stop the BSE sensex from logging its worst weekly performance since November 2011.
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The benchmark BSE sensex rose by 82.50 points to recover from 19-month lows on Friday but on a weekly basis tumbled by 1,226.57 points or 4.68 per cent on concerns over the health of Chinese economy and geopolitical tensions between Saudi Arabia and Iran.Besides, NSE Nifty tanked by 361.85 points or 4.54 per cent during the week."Recovery in global equities, especially Chinese markets, stable rupee and lower level buying helped the indices recoup losses," said Gaurav Jain Director Hem Securities.The rupee recovering from a three-week low by rising more than 30 paise against the dollar also improved sentiment.The 30-share sensex opened on a firm note at 24,969.02 and advanced to regain the 25,000-mark to hit a high of 25,083.55 largely supported by rebound in blue-chips.As profit-booking took hold it gave up part of the early gains and touched a low of 24,887.22 before finally closing the session 82.50 points or 0.33 per cent higher at 24,934.33.The gauge had lost 1,309.07 points in the previous four sessions.The broad-based Nifty recaptured the 7600-mark by ending 33.05 points or 0.44 per cent higher at 7,601.35 after shuttling between 7,634.10 and 7,581.05.
Source - TOI
MUMBAI: The benchmark BSE Sensex regained the 25,000-mark by recovering over 206 points in early trade on Friday mostly driven by a value-buying in blue-chip stocks and recovery in the rupee amid firm Asian cues.
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The broader NSE Nifty too reclaimed the 7,600-mark.Besides, covering-up of short positions by speculators also supported the recovery.The 30-share index surged by 206.65 points or 0.83 per cent to 25,058.48 points with all the sectoral indices led by oil&gas, power, healthcare and realty, trading back in positive zone, rising by up to 1.35 per cent.The gauge has lost 1,309.076 points in the previous four straight sessions on persistent foreign fund outflows and China's central bank lowering its currency yuan against the US dollar amid concerns over a slowing growth.Also, the NSE Nifty was again trading above the 7,600 mark by recovering 65.80 points or 0.86 per cent at 7,634.10.Brokers said value-based buying in blue-chips, spread over a broad front, after recent losses coupled with covering of short positions by speculators helped markets' mood to improve.
Besides, rebound in Shanghai shares and a better trend at other Asian markets triggered a fresh round of buying activity, they said.Among other Asian markets, Hong Kong's Hang Seng was up by 1.08 per cent while Japan's Nikkei up 0.39 per cent in early trade on Friday.
Shanghai Composite index opened 2.23 per cent higher after authorities suspended a "circuit breaker" mechanism that this week fuelled a global market rout by twice automatically closing Chinese markets early, fuelling a global market rout.
The US Dow Jones Industrial Average, however, ended 2.32 per cent lower in Thursday's trade.
Source - TOI
