Friday, November 22

Tag: stock market news updates

Stock Market Live: Gift Nifty signals gap-down open; Nikkei slides 2% after BoJ hints rate hike | News on Markets
5Apr By adminNo Comments
Business

Stock Market Live: Gift Nifty signals gap-down open; Nikkei slides 2% after BoJ hints rate hike | News on Markets

Stock market updates on April 05, 2024: Benchmark indices may start Friday's trading session on a tepid note amid weak cues from global peers. The focus, however, will be on the RBI policy announcement at 10 AM. At 08:20 am, Gift Nifty futures quoted around 22,525, suggesting a likely gap-down of 100-odd points on the Nifty 50. Overnight, the US market reversed course and ended with sharp losses as Fed officials cautioned on expecations of early rate cuts, and stressed that inflation needs to be closely watched. The focus now shifts on the job report due tonight. The S&P 500, Dow Jones and Nasdaq dropped over 1 per cent each. Meanwhile, the US 10-year bond yield contiunued to hover around elevated levels of 4.30 per cent. Brent Crude Oil futures topped th...
Read More
Stock Market LIVE: Gift Nifty hints quiet start to action packed day ahead | News on Markets
4Apr By adminNo Comments
Business

Stock Market LIVE: Gift Nifty hints quiet start to action packed day ahead | News on Markets

Stock market updates on April 04, 2024: Benchmark indices may exhibit volatility in trades on Thursday as market digest a slew of triggers ahead of the RBI policy outcome tomorrow. Global triggers On Wednesday, the US market ended on a mixed note after the US Federal Reserve reaffirmed that the Fed will stick to its wait-and-see approach given the strength in the economy and high inflation rate. The S&P 500 and Nasdaq advanced 0.1 per cent and 0.2 per cent, while Dow Jones slipped 0.1 per cent. Meanwhile, the US 10-year bond yield contiunued to hover around elevated 4.357 per cent levels. Gold futures extended its record rally to $2,319 per ounce, and Brent Crude Oil quoted near $90 per barrel. Nearer home, Japan's Nikkei rallied 1.5% and Kospi als...
Read More
Gift Nifty flat; OMCs, Innova Captab listing eyed
29Dec By adminNo Comments
Business

Gift Nifty flat; OMCs, Innova Captab listing eyed

Stock market LIVE updates: Friday may mark the third consecutive session where benchmark indices could scale fresh record peaks.   At 8:30 AM, Gift Nifty index was little changed at 21,949 levels.   On Thursday, the benchmark BSE Sensex index hit an all-time high of 72,484, and the Nifty50 touched 21,802.   Meanwhile, globally, shares were mixed as investors trade for the last time in 2023.   Australian and Japanese benchmarks were down 0.3 per cent each, while South Korea, and China markets were higher by up to 1.6 per cent.   Overnight, the S&P 500 added 0.04 per cent, the Dow Jones Industrial Average rose 0.14 per cent, but the Nasdaq Composite inched down 0.03 per cent.   Stocks to Watch O...
Read More
Sensex up 300 pts; Auto, Metal, Pharma index lead gains
26Dec By adminNo Comments
Business

Sensex up 300 pts; Auto, Metal, Pharma index lead gains

11:46 AMNMDC surges 5%; Iron ore futures touch 18-month highsIron Ore futures are at $140 a ton, highest in 18 monthsvia RedboxGlobal India11:34 AMIndia makes first-ever rupee payment for the purchase of crude oil from UAEIndia, the world's third-largest energy consumer, made its first-ever payment in rupees for crude oil purchased from the United Arab Emirates (UAE), signalling what could be a strategic push to promote the local currency globally. Read 11:19 AMBOJ Governor Ueda sees benefits of positive inflation on policy processBank of Japan Governor Kazuo Ueda pointed out some positive potential aspect of having higher interest rates under normal economic conditions while also reiterating his pledge to continue with monetary easing patiently in the pursuit of stable inflation. Re...
Read More
Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh
12Dec By adminNo Comments
Business

Sensex dips 100 pts amid sudden fall; Airtel, Infy weigh

Stock market LIVE updates: Underperforming firm global momentum, Indian equities started on a tepid note on Tuesday. The S&P BSE Sensex was at 70,014 level, up 85 points or 0.12 per cent. The Nifty50, on the other hand, hit a record high of 21,038 level, up 41 points or 0.17 per cent.  HDFC Life, Hindalco, M&M, Hero MotoCorp, SBI Life, JSW Steel, Tata Steel, Adani Ports, ITC, Grasim, Tata Consumer Products, Bajaj Auto, Adani Enterprises, and BPCL were the top gainers on the 50-pack index, up between 0.5 per cent and 1.7 per cent. On the other hand, ONGC, Infosys, L&T, Apollo Hospitals, Bharti Airtel were the top laggards, down up to 1 per cent. In the broader market, the BSE MidCap and SmallCap indices were ruling 0.28 per cent and 0.52 per cent highe...
Read More
Sensex hits 70,000, Nifty at 21K; Dr Reddy dips 6%
11Dec By adminNo Comments
Business

Sensex hits 70,000, Nifty at 21K; Dr Reddy dips 6%

8:59 AMSmallcap pie grows as retail investor faith soars, shows Capitaline dataRetail investors now own a bigger slice of smallcap companies than at the start of 2023–24 (FY24), underscoring their growing conviction about investing in this red-hot space. Read 8:54 AMWatch: What will keep the markets busy this week? December has been a bumper month for equity markets so far with Nifty index crossing 21,000 on Friday and the Sensex eyeing 70,000 level. Which factors will influence the market’s direction this week? 8:49 AMNifty in overbought zone, Wait for dips in Nifty Bank before fresh buyingThe Nifty 50 Index continues its bullish trajectory, marking yet another new lifetime high on both short-term and near-term charts. Despite the prevailing bullish trend, the ascent towards 21100 ...
Read More
Sensex up 100pts; Broader indices down 1%; Praj dips 11%
8Dec By adminNo Comments
Business

Sensex up 100pts; Broader indices down 1%; Praj dips 11%

2:05 PMRBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%. READ MORE 1:52 PMALERT:: LIC pares stake in HDFC AMC; stock down 1.5%LIC in an exchange filing said it reduced its holding in HDFC AMC from 9.046 per cent to 6.953 per cent in the last one year, at an average price of Rs 2,863.45 per share. 1:37 PMCOMMENT:: Not expecting a rate cut anytime soon The MPC's decision to keep the key policy rates steady while staying the course on monetary tightening is the best policy prescription that the central bank could deliver at this point of time.   The tightening cycle, in my view, will continue till t...
Read More
Sensex, Nifty erase losses; SpiceJet jumps 20%, ITI 13%
7Dec By adminNo Comments
Business

Sensex, Nifty erase losses; SpiceJet jumps 20%, ITI 13%

11:13 AMChina's exports edged higher for first time in 7 months, imports fallsExports rose 0.5 per cent from a year earlier to $291.9 billion, a sign that demand may be picking up after months, but imports fell 0.6 per cent, to $223.5 billion, after they climbed 3 per cent. READ MORE 10:56 AMThis smallcap stock hit new high after gap of 15 years; up 47% in 1 monthShares of Ashapura Minechem were locked in the 5 per cent upper circuit at Rs 460.25 on the BSE. READ MORE 10:39 AMOn a hat-trick: Will RBI Governor Shaktikanta Das throw another surpriseRBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon. READ MORE 10:24 AMALERT:: Protean eGov Tech Q2 ne...
Read More
Sensex vaults 350 pts; IT, FMCG shine; Auto, banks tepid
6Dec By adminNo Comments
Business

Sensex vaults 350 pts; IT, FMCG shine; Auto, banks tepid

2:39 PMTata Power soars 6%; hits new high after 20 months on positive outlookCRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24. READ MORE 2:30 PMALERT:: Zydus Life gets USFDA nod for Methylene Blue Injection; stock marginally up Zydus Lifesciences in an exchange filing said it received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Methylene Blue Injection, 10mg/2ml and 50mg/5ml.  2:20 PMGautam Adani's next milestone is plan for $1.25 billion of green arm debtWe are coming close to timelines where we would like to see a concrete and definitive plan" Abhishek Dangra, a Si...
Read More