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Equity indices in green; Sensex, Nifty up over 1% each
India's key equity indices -- Sensex and Nifty -- traded in the green in the opening session on Wednesday. At 9.54 a.m., Sensex was 1.4 per cent or 777 points up at 56,554 points, whereas Nifty 1.3 per cent or 220 points up at 16,883 points. Among the specific stocks, Indusind Bank, Axis Bank, Bajaj Finance, Grasim Industries and Bajaj Finserv were the top five gainers among the Nifty 50 companies, rising 3.7 per cent, 3.5 per cent, 3.0 per cent, 2.8 per cent, and 2.7 per cent, respectively.
Market Forecast | Outlook: Election results, global risks to guide equities markets
Geopolitical tensions emanating from the Russian-Ukrainian conflict as well as crucial state assembly election results will determine — key equity indices — movements next week. Besides, macro-economic industrial production data along with the direction of foreign fund flows and global commodities price movements will impact investors' sentiments.
Seesaw: Sharp FIIs outflow matched by DIIs' inflows
As per MOFSL report, FIIs continued to remain sellers in India as the global risk-off sentiment and the geopolitical situation have added to concerns of inflation, higher bond yields, and global rate hikes. "This has resulted in $14.1 billion of outflows from the Indian market since Oct'21. This has been offset by DII buying of $16 billion over the same period."
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GDP data, Global trends to impact equity sentiments
Global trends surrounding the evolving Russia-Ukraine crisis as well as key domestic macro-economic data points will set the course for the Indian equity market's trajectory in the coming week. Besides, investors will watch out for fluctuations in crude oil prices and currency movements. These global trends are also expected to influence the direction of FIIs' funds which will, in turn, have an overall bearing on the market sentiment.
Indian equities open positive; Sensex jumps over 1,000 pts
India's key indices -- S&P BSE Sensex and NSE Nifty50 -- recovered considerably on Friday morning due to value buying. Even as the equity markets are expected to be volatile in the next few days, there is nothing to worry for long-term investors, said Ravi Singhal, Vice-Chairman, GCL Securities. Thursday's sharp fall was triggered after Russia announced a military operation in Ukraine.
Collateral Damage: Rupee falters as Russia attacks Ukraine
The Indian rupee became a casualty of the ongoing Russia-Ukraine hostilities as it weakened by over 1 per cent on Thursday. The rupee weakened by 1.3 per cent to Rs 75.65 per USD from its Wednesday's close of Rs 74.55. Global equity indices and currencies also slid after Russia decalred military operation in Ukraine.
Few shares where FIIs reduced stake in Q3FY22
The Indian equity segment has been witnessing a consistent sell-off by the FIIs recently.As per reports, FIIs sold over $7 billion worth of equities so far in 2022, and over $11 billion since October 2021. Further, FIIs reduced 4.1 per cent stake in Mahanagar Gas, 3.9 per cent in Axis Bank, and 3.8 per cent in Indusind Bank, exchange data revealed.
Indian equities extend losses; Sensex slips nearly 900 pts
India's key indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses from Monday and declined sharply in early trade on Tuesday due to continued selling by foreign institutional investors amid geo-strategic tensions between Ukraine and Russia, said analysts. At 10.04 a.m., Sensex traded at 56,786 points, down 1.6 per cent or 897 points, whereas Nifty traded 16,945 points, down 1.5 per cent or 262 points.
Equities reverse early trend, rise in afternoon trade
After declining in early trade, key indices -- S&P BSE Sensex and NSE Nifty50 -- rose in the afternoon on Friday primarily due to value buying, said analysts. Geo-strategic tensions between Ukraine and Russia had weighed on the indices in the recent sessions, which led to heavy sell-off by foreign institutional investors.
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