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Indices extend gains from previous week, Sensex up over 800 pts
At 9.42 a.m., Sensex was 820 points up at 55,705, whereas Nifty 241 points up at 16,594 points. Other Asian markets too were in the green. Indices jumped as investors are reacting to growing optimism that the US Federal Reserve will be able to tighten the monetary policy without tipping the economy into recession, said Mohit Nigam, Head, PMS, Hem Securities.
Equities close week in green, Sensex up 632 pts, Nifty IT top gaine
Nifty IT was the top sectoral gainer at 2.5 per cent. Sensex closed at 54,885 points, up 632 points or 1.2 per cent, Nifty at 16,352 points,up 182 points or 1.1 per cent. With Friday's gains, indices have managed to chart on the positive territory for the second straight day.
Indices surge in opening deals on global cues, Sensex up over 300 pts
Indian markets opened higher in line with Asian markets and sharply positive overnight US markets. At 9.58 a.m., Sensex was at 54,615.81 points, up 363.28 or 0.67 per cent, whereas Nifty at 16,293.55 points, up 123.40 or 0.76 per cent. Bajaj Finance, Bajaj Finserv, HDFC Life, HCL Technologies and Indusind Bank shares were the top five gainers among the Nifty 50 companies.
Indices rise in opening deals on global cues
Indices in the US rose overnight after minutes from the Federal Reserve's latest meeting revealed a strong possibility of two more policy rate hikes in the coming months. At 9.53 a.m., Sensex was up 164 points at 15,393 points, whereas Nifty 29 points at 16,054 points.
Third straight day losses for domestic indices, Sensex declines 303 pts
Sensex closed at 53,749.26 points, down 303.35 points or 0.56 per cent, whereas Nifty at 16,033.90 points, down 91.25 points or 0.57 per cent."Domestic indices wavered tracking mixed sentiments from the global markets as investors assessed the possibility of a recession in the US followed by the US Fed policy tightening," said Vinod Nair, Head of Research at Geojit Financial Services.
Indices settle low, weighed down by metal, IT, FMCG, media stocks
The Sensex closed at 54,052.61 points, down 236 points, or 0.43 per cent, whereas Nifty was at 16,125.15 points, down 89.55 points or 0.55 per cent. Among the sectoral indices, Nifty media, IT, FMCG, metal, pharma, and realty declined the most on Tuesday.
Equities recover previous losses led by gains in media, realty, metal stocks
China's cutting of its key lending rate also supported the indices back home. In a bid to stimulate economic activity hit by the latest outbreak of the Covid, the Chinese central bank cut the five-year prime rate by 15 basis points to 4.45 per cent.
Equity benchmarks up in opening deals
The excessive volatility in the market is broadly due to two reasons. One, the market has discounted severe monetary tightening by the Fed which is likely to take the Fed funds rate to around 3 per cent in 2023. Two, the market has not fully discounted the probability of the US economy slipping into recession in 2023.
Equities slump tracking weak US markets, rupee closes at new low
"The meltdown in the US markets, on the fear of aggressive rate hikes, rattled investors and triggered a weak start. The situation worsened further due to heavy selling in the index majors across sectors wherein IT and metal majors were among the top losers," said Ajit Mishra, VP, Research, Religare Broking.
Indices slump in opening deals on weak overnight cues from US
"Indian benchmark indices are set to face heavy turbulence today amid negative global market cues. US markets saw the worst sell off since June 2020 as inflation fear looms," said Mohit Nigam, Head - PMS, Hem Securities just before the market opened. Indian economy is set to face jitters due to rising inflation in the US thus, making further interest rate hikes all the more important, Nigam added.
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