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Indices start fresh week marginally in red, RBI policy meet outcome in focus
The central bank raising policy rates in the meeting is a "no brainer" as said by its Governor Shaktikanta Das. The investors, however, await the actual degree of percentage hike before taking fresh positions in the markets. Investors also eye other macro economic forward looking guidance from the central bank.
Indices decline in opening deals, RBI policy meet in focus
At 9.44 a.m., Sensex was 0.7 per cent down at 55,397 points, whereas nifty 0.6 per cent down at 16,489 points. "For India elevated crude prices and a $23 billion trade deficit in May are areas of concern. Even though FPI selling has come down in early June they are likely to sell more at higher levels," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Indices settle almost steady in volatile trading session
Sensex closed 0.09 per cent lower at 55,769 points, whereas nifty closed 0.26 per cent lower at 16,584 points. Intraday low for sensex was at 55,719 points, whereas high at 56,433 points, data showed. On Friday, Reliance Industries was the top gainer among the Nifty50 companies, rising nearly 2 per cent, whereas Grasim Industries the top loser at 6.5 per cent.
Snapping 2-day losses, indices settle in green; Reliance top gainer
Gains were led by upmove in Nifty oil & gas, IT, metal, and media stocks. Also, a decline in global crude oil prices ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting also somewhat gave fuel to the market sentiments. Among the Nifty 50 stocks, Reliance Industries was the top gainer, rising 3.6 per cent from the previous close.
Indices settle marginally low; Nifty IT, pharma, realty top losers
Sensex closed at 55,381 points, down 185 points or 0.3 per cent, whereas Nifty at 16,523 points, down 62 points or 0.4 per cent. "In the very near-term, a rebound in crude oil prices poses a risk to the current account deficit and therefore, to expectations of rupee depreciation.
Indices decline marginally in early trade
At 9.57 a.m., Sensex was 148 points down to 55,418, whereas Nifty 34 points down to 16,550. Stocks in other Asian countries were steady on Wednesday, while bond yields extended their advances amid a debate about how aggressive monetary tightening will need to be to fight inflation, said Deepak Jasani, Head of Retail Research, HDFC securities.
India's GDP grew 8.7% in fiscal FY22, 4.1% in Q4
The GDP grew 4.1 per cent year on year in Q4FY22, data showed. In the same quarter of FY21, it was 1.6 per cent. The Reserve Bank of India (RBI) had projected GDP for the fiscal that ended in March at 9.5 per cent and for Q4 at 6.1 per cent. Besides, the combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the index of April 2021.
Snapping 3-day gains, domestic indices settle low
Analysts say investors await GDP figures for the quarter to gauge fresh cues. The GDP figures are expected at around 5.30 p.m. On Tuesday, sensex closed at 55,566 points, down 359 points, whereas Nifty was at 16,585 points, down 77 points. Among the sectoral indices, Nifty pharma, PSU bank, consumer durables, and oil and gas were the top losers, while Nifty auto, media, metal and realty among the top movers, NSE data showed.
Indices decline in opening session, Q4 GDP numbers in focus
At 10.03 a.m., sensex was at 55,597 points, down 328 points, whereas nifty at 16,585 points, down 76 points. "The dominant factor determining the market direction, going forward, would be the trend in the US market, which, in turn, would be determined by the inflation in the US and the Fed's response to it," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Indices start new week on a high, Sensex up over 1,000 pts
Inflation, as reported by the US Federal Reserve, rose 6.3 per cent in April from a year earlier, which is a notch below a four-decade high the country reported in March. It is reportedly the first slowdown since late 2020. Back home, Sensex closed Monday's trade at 55,926 points, up 1,041 points or 1.9 per cent, whereas Nifty at 16,669 points, was up 316 points or 1.9 per cent.
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