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Equities close week in red amid volatility in global market
Domestic market reduced exposure ahead of the shortened next week and opening of India's largest IPO, he said. Besides, dips are encouraging investors to accumulate quality stocks with focus on defensives and domestic growth sectors like manufacturing and capital goods. On Friday, Sensex closed at 57,061 points, down 0.8 per cent or 460 points, while Nifty ended at 17,102 points, down 0.8 per cent or 142 points.
Equities tad up in early trade, analysts see volatility going ahead
At 9.46 a.m., Sensex was 0.3 per cent up at 57,668 points, whereas Nifty was 0.1 per cent up at 17,263 points. Even though the indices are in the green, analysts expect volatility to continue in Dalal Street.
Equities keep early gains intact, settle in green
On Thursday, Sensex settled at 57,521 points, up 702 points or 1.2 per cent, whereas Nifty was at 17,245 points, up 207 points or 1.2 per cent. Even though the indices were in the green, analysts expect volatility to continue in Dalal Street.
Domestic investors to become larger holders of Indian equities than FPIs for the first time since 2010
Domestic share holdings continue their ascent, the report said. The combined holdings of domestic mutual funds and direct households in stocks have risen over 600bps since 2015 whereas those of foreign portfolio investors (FPI) have declined about 150bps. This shift persisted for the QE March 2022. FPI ownership of our sample of 75 companies fell 75bps QoQ, whereas domestic investors raised stakes 81bps, the report said.
Equities up marginally during early trade
At 9.17 a.m., Sensex was at 57,096 points, up 0.5 per cent or 277 points, whereas Nifty at 17,120 points, up 0.5 per cent or 82 points. Among the stocks, Hindustan Unilever, Sun Pharma, UPL, Divis Labs, Dr Reddy's were the top five gainers among the Nifty 50 companies, NSE data showed.
Equities settle low; Sensex, Nifty plunge 0.9% each
Sensex settled at 56,819 points, down 0.9 per cent or 537 points, whereas Nifty at 17,038 points, down 0.9 per cent or 162 points. "Market continued to be gripped by high volatility following a heavy selloff in the global markets led by elevated energy crisis and weak Chinese economic outlook underpinned by prospects of US rate hikes," said Vinod Nair, Head of Research at Geojit Financial Services.
Equity indices break two-day losing streak on value buying
Gains were mainly aided by a jump in shares in auto, realty, FMCG and PSU bank space. "Benchmark Indices gained one and a half percentage today on expectations of record GST collections for April even as FII ownership dropped to multi-year lows at 20 per cent," said S. Ranganathan, Head of Research at LKP securities.
Indices break two day losing streak, Sensex up 700 pts
At 9.47 a.m., Sensex was 1.2 per cent or 700 points up at 57,820 points, whereas Nifty 1.2 per cent or 208 points up at 16,162 points. Amidst the current volatility, banking stocks are at buyable valuations and IT stocks too, after the recent correction are good long-term bets, Vijayakumar added.
Equities extend losses, rising inflation a concern
At 9.32 a.m., Sensex was at 56,582 points, down 1.1 per cent, whereas Nifty was at 16,988 points, down 1.1 per cent. "Markets are worried about the increasing hawkish messages from the Fed which indicate higher-than-expected rate hikes by the Fed this year. There are concerns that aggressive monetary tightening might even push the US economy into a recession in 2023. These fears are impacting risky assets," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Equity indices settle high for second straight day
The Sensex settled at 57,912 points, up 874 points or 1.53 per cent, whereas Nifty at 17,401 points, up 264 points or 1.54 per cent. Among the stocks, Eicher Motors, Coal India, Mahindra & Mahindra, Adani Ports, and Kotak Mahindra Bank were the top five gainers, among the Nifty 50 companies, rallying 4.4 per cent, 4.0 per cent, 3.2 per cent, 2.7 per cent, and 2.7 per cent, respectively.
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