BSE
Equity indices shed initial gains; healthcare, auto stocks plunge
Heavy selling was witnessed in healthcare and auto stocks. Around 10.10 a.m., Sensex was trading at 54,326.44, lower by 228.22 points or 0.42 per cent from its previous close of 54,554.66. It opened at 54,730.65 and has touched an intra-day high of 54,758.74 and a low of 54,303.97 points. The Nifty50 on the National Stock Exchange was trading at 16,211.85, lower by 68.25 points or 0.42 per cent from its previous close.
Global cues subdue equities, markets in red
The S&P BSE Sensex traded at 52,337.13 points around 9.55 a.m. lower by 231.81 points, or 0.44 per cent, from its previous close. Similarly, the Nifty50 on the National Stock Exchange closed at 15,669.85, lower by 58.05 points, or 0.37 per cent, from its previous close.
Equity market flat amid volatility, weak global cues
A weak trend in the global markets also weighed on the domestic investor sentiments, analysts said. Heavy selling pressure was witnessed in oil and gas and power stocks, while realty stocks witnessed high buying activity. Around 10.25 a.m., Sensex was trading at 52,911.55, higher by 50.37 points or 0.10 per cent from its previous close of 52,861.18.
BSESENSEX lifetime high achieved, market trend unclear
BSESENSEX finally managed to hit a lifetime high and did so on Friday touching 52,641.53 points. This crossed the previous high made on February 16 of 52,516.76 points. Incidentally NIFTY had made a lifetime high on May 28 and it took a fortnight for the BSESENSEX to achieve the same, something which has not happened in a very long time.
BSE touches milestone of over 7 crore registered users
The exchange also completed the journey from 6 crore to 7 crore users in just 139 days, as compared to 241, 652 and 939 days needed for the previous milestones of 6 crore, 5 crore and 4 crore, respectively. Of the 7 crore users, 38 per cent fall in the 30-40 age bracket, followed by 24 per cent in 20-30 age bracket, and 13 per cent in the 40-50 age bracket.
Profit booking subdues equities, banking stocks down
Both indices - S&P BSE Sensex and NSE Nifty50 - opened higher, but started to fall soon thereafter. After an intra-day bottom, a small recovery was seen. In Asia, stock markets followed Wall Street trends and closed on a high note as inflation fears eased and investors regained an appetite for risk.
Equities to bounce on reopening hopes, declining Covid trend
"Partial lifting of lockdown will raise hopes of early resumption of economic activities across the country, though gradually. The second Covid wave seems to be coming to an end over the next couple of weeks. This expectation has lifted sentiments in the equity markets," said Deepak Jasani- Head of Retail Research at HDFC Securities.
Equity indices in red amid volatile trade
Around 10.26 a.m., Sensex was trading at 50,083.31, lower by 110.02 points or 0.22 per cent from its previous close of 50,193.33. It opened at 50,088.81 and has so far touched an intra-day high of 50,279.01 and a low of 50,015.57. The Nifty50 on the National Stock Exchange was trading at 15,087.20, lower by 20.90 points or 0.14 per cent from its previous close.
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