Nifty50 – The News Desk

Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700

12Apr

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Business

Stock market today: BSE Sensex drops 250 points; Nifty50 below 22,700

Stock market today: BSE Sensex and Nifty, the Indian stock market benchmark indices, opened in red on Friday with the 30-share index dipping 250 points and Nifty50 going below 22,700. At 9:25 AM, BSE Sensex was trading at 74,882.02, down 156 points or 0.21%. Nifty50 was at 22,702.65, down 51 points or 0.22%.Equity markets continued their upward trend on Wednesday with active movements in individual stocks.Rajesh Bhosale, Technical Analyst at Angel One, advises caution amidst market uncertainty, suggesting disciplined stock-specific trades with proper exit strategies.The resistance and support levels are likely to be at 22,700-22,750 and 22,600 respectively, with a potential rally towards 23,000 in the short term.Markets will keenly watch the Consumer Price Index (CPI) inflation numbers an...

Stock market today: BSE Sensex hits all time-high, crosses 75,000; Nifty50 above 22,750

9Apr

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Business

Stock market today: BSE Sensex hits all time-high, crosses 75,000; Nifty50 above 22,750

Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, hit all time highs in opening trade on Tuesday. While BSE Sensex crossed the 75,000 milestone for the first time, Nifty50 too hit a high of 22,765.10. At 9:22 AM, BSE Sensex was trading at 74,840.76, up 98 points or 0.13%. Nifty50 was at 22,690.65, up 24 points or 0.11%.Equity markets opened the week on a positive note, registering a gain of over half a percent in response to favorable cues.Analysts suggest that amidst mixed global signals, short-term fluctuations may occur, presenting traders with opportunities to add quality stocks. A bullish momentum is expected to continue in the market, with the possibility of the rally extending to 23,000 levels. Nifty's immediate support levels are identified at 22,700...

‘Prosperity ladder’: Inside the ‘coming of age’ year for India’s $585 billion mutual funds industry

28Dec

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Business

‘Prosperity ladder’: Inside the ‘coming of age’ year for India’s $585 billion mutual funds industry

A record surge in assets under management. More than 20 million new investment accounts added. And a planned return by BlackRock Inc the world’s largest money manager.These are some of the milestones that mark what’s set to be a blockbuster year for India’s mutual funds industry. Powered by an insatiable thirst for financial gains, millions of young Indians armed with smartphones have taken to equity investments in the world’s most-populous nation.That’s helped boost fund assets by 19% in the first 11 months of 2023, data from Morningstar Inc show, beating major peers like the US, Japan and China.As the unforeseen gift of a pandemic-led boom in retail investing keeps on giving, and India’s $4.1 trillion equity market continues to grow — benchmark indexes are poised to cap a record eighth ...

Stock market today: Why BSE Sensex climbed over 900 points from day’s low – top reasons for recovery

21Dec

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Business

Stock market today: Why BSE Sensex climbed over 900 points from day’s low – top reasons for recovery

Stock market today: BSE Sensex and Nifty50, the Indian benchmark indices, witnessed a strong recovery today, bouncing back from the day's low due to increased buying activity in banks, auto, and IT sectors. Reliance Industries (RIL), a heavyweight in the market, also saw its shares rise by over 1%, contributing to the overall upward movement of the stock market benchmarks.BSE Sensex closed the trading day on Thursday at 70,865.10, up over 350 points or 0.51%.Nifty50 closed the day at 21,255.05, up over 100 points or 0.50%.The S&P BSE Sensex surged by more than 900 points from its intra-day low of 69,920, while the Nifty climbed by 300 points to reach a high of 21,288. HDFC Bank and RIL were the top contributors to the index, followed by Infosys.Nifty Bank, the banking indicator, concl...

BSE Sensex, Nifty50 hit new highs as Dalal Street continues party into year-end

20Dec

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Business

BSE Sensex, Nifty50 hit new highs as Dalal Street continues party into year-end

BSE Sensex, Nifty50 in party mode! Indian benchmark equity indices have hit new record highs on Wednesday, following gains in Asian markets. This came after China and Japan decided to keep interest rates unchanged. At 11:03 AM, BSE Sensex was up over 350 points at 71,796.77, up 0.50%. Nifty50 was up over 120 points or 0.57% at 21,574.75. BSE Sensex has till 11:00 AM hit an intraday high of 71,913, while Nifty50 has hit an intraday high of 21,593.The Bank of Japan's decision to maintain its dovish policy guidance and keep interest rates steady also contributed to the positive sentiment. Furthermore, strong domestic macroeconomic data, lower oil prices, sustained inflows from mutual fund investors, record foreign purchases, and an improving US rate outlook have supported the stock market ra...

BSE Sensex scales new peak; closes above 71,000 with 970 points rally, Nifty50 above 21,450

15Dec

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Business

BSE Sensex scales new peak; closes above 71,000 with 970 points rally, Nifty50 above 21,450

BSE Sensex & Nifty50 scale new peaks! Continuing their record breaking rally, the Indian markets on Friday closed the day at all time record highs. While BSE Sensex closed at 71,483, up 970 points, Nifty50 was at 21,456, up over 270 points. Sensex hit an intraday high of 71,605 with a 1,000 point rally and Nifty50 hit a high of 21,492. Both the Indian equity benchmark indices rallied over 1% The stock market rally has come on the back of a dovish stance by the US Federal Reserve, which has signalled around three rate cuts in the coming years.The combined market value of all BSE-listed companies surged by Rs 2.76 lakh crore on Friday, marking an overall increase of Rs 8.55 lakh crore for the week, reaching Rs 357.78 lakh crore.Among the Sensex constituents, HCL Tech, TCS, and Infosys w...

Stock Market Updates: Sensex Jumps 350 pts, Hits Fresh High; Nifty Above 19,750

18Jul

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Business

Stock Market Updates: Sensex Jumps 350 pts, Hits Fresh High; Nifty Above 19,750

Last Updated: July 18, 2023, 09:33 ISTSensex Today: Key benchmark indices extended their record high-run at the bourses on Tuesday, surging up to 0.5 per cent in early deals. The Nifty50 index scaled a fresh all-time high of 19,811, while the S&P BSE Sensex touched the 66,986-mark.The frontline indices were up 88 points and 354 points, respectively, led by Infosys, HDFC Bank, IndusInd Bank, ICICI Bank, Wipro, and Reliance Industries.In the broader markets, the BSE MidCap and the BSE SmallCap indices gained up to 0.4 per cent.Sheela Foam shares soared 8.4 per cent after the company announced that it will buy a 94.66 per cent stake in Kurlon Enterprises at an equity valuation of Rs 2,150 crore. The indicative time period for the completion of the acquisition is by or before November 30,...