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Samvat 2078 of to a solid start
BSE Sensex opened at 59,804 points, a gain of about 500 points compared to the previous close. Nifty opened at 17,736 points, a gain of about 160 points. The highs of the day were 59,994 and 17,777 points respectively. Markets closed at 59,831.66 points, a gain of 524.51 points while Nifty closed at 17,738.45 points, a gain of 162 points.
Markets seem uncertain with festive period a week ahead
With sharp gains registered on Wednesday and Friday, markets just about managed to survive and at the end of the week closed with small losses. SESENSEX lost 271.32 points or 0.47 per cent to close at 57,919.97 points while NIFTY lost 128.95 points or 0.74 per cent to close at 17,185.70 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.05 per cent, 1.33 per cent and 1.45 per cent respectively. BSEMIDCAP was down 2.66 per cent while BSESMALLCAP lost 2.26 per cent.
Markets to gain after initial setback
At the end of the week, BSESENSEX gained 764.34 points or 1.33 per cent to close at 58,191.29 points while NIFTY gained 220.30 points or 1.29 per cent to close at 17,314.65 points. The broader indices saw BSE100, BSE200 and BSE500 gain 1.22 per cent, 1.28 per cent and 1.37 per cent respectively. BSEMIDCAP gained 2.14 per cent while BSESMALLCAP gained 2.57 per cent. Markets gained on two of the four trading sessions and lost on the remaining two.
Indian equities have entered bear markets when US slips into recession
The US interest rate cycle and, thus, the US dollar could continue to be a source of volatility for Indian equities in the coming months due to their negative effect on earnings and BoP. Indian equity return correlations with the rest of the world have risen in recent weeks and could remain elevated for now, it said.
Indian equities fall; Sensex ends more than 500 points down
At close, Sensex ended 509.24 points or 0.89 per cent down at 56,598.28, while Nifty closed lower by 148.80 points or 0.87 per cent at 16,858.60. About 2,092 shares declined, 1,335 shares advanced while 105 remained unchanged on Wednesday. ITC, Axis Bank, Reliance Industries, Tata Steel, IndusInd Bank and State Bank of India were the major losers on the Sensex.
Equities end marginally lower, extend losses for fifth straight day
At close, Sensex ended 37.70 points or 0.07 per cent down at 57,107.52, while Nifty closed 8.90 points or 0.05 per cent down at 17,007.40.About 1,882 shares advanced, 1,522 shares declined while 136 shares remained unchanged on Tuesday. Tata Steel, Titan Company, State Bank of India, Kotak Mahindra Bank and ICICI Bank were major losers on the Sensex.
Rupee plunges 63 paise to close at new record low
The rupee closed 63 paise down, at 81.62, against the US dollar on Monday. It had closed at 80.99 on the previous trading session. "Another day of large gains for the dollar versus the rupee as it fell for the fourth day in a trot amid risk-averse sentiments and unprecedented strength in the greenback following Fed tightening and recession worries," said Dilip Parmar, Research Analyst, HDFC Securities.
Indices end down, Sensex falls over 900 points
At close, Sensex ended 953.70 points, or 1.64 per cent, down at 57,145.22, and Nifty closed 311.05 points, or 1.80 per cent at 17,016.30. A total of 2,925 shares have declined, 660 shares advanced and 122 remained unchanged. Maruti Suzuki, Tata Steel, ITC, Axis Bank, NTPC, and Bajaj Finance were major losers on the Sensex.
Look for opportunities to buy on dips
BSESENSEX lost 741.87 points or 1.26 per cent to close at 58,098.92 points while NIFTY lost 203.50 points or 1.16 per cent to close at 17,327.35 points. The broader markets saw BSE100, BSE200 and BSE500 lose 1.21 per cent, 1.25 per cent and 1.23 per cent respectively.
Blood bath on Dalal Street, Sensex crashes more than 1,000 points
At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or 1.72 per cent, at 17,327.35. As many as 2,497 shares declined, 983 shares advanced, and 107 remained unchanged. The Power Grid Corporation of India, Mahindra & Mahindra, State Bank of India, Bajaj Finserv, Bajaj Finance, and NTPC were major losers on the Sensex.
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