Nifty
Share Market: Banking stocks power bull run, Nifty50 crosses 15k points mark
Amongst sectoral indices, interest rate sensitive stocks such as banking, auto and capital goods rose before the announcement of the final monetary policy review of 2020-21. Consequently, the NSE Nifty50 crosses the 15,000 points mark during the session, but receded afterwards.
Banking stocks lift markets, Sensex breaches 50,55O-mark again
Accordingly, buying momentum was triggered after the market opened on a flat note due to profit booking. Amongst sectoral indices, PSU Banks, Metal, FMCG and Auto indices were the major gainers. Market Breadth also remained strongly in favour of advancing counters for fourth consecutive session.
Share Market: Budget boosts bourses, Sensex rises over 1,000 points
Investors continued to cheer the fact that the budget did not announce any additional burden in terms of taxes or cess on citizens and corporates. Amongst sectors, buying was witnessed in Media, Banking and Auto indices. Banking stocks surged after the Finance Minister on Monday announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
Share Market: Sensex reclaims 50,000 over Budget euphoria
Investors continued to cheer the fact that the budget did not announce any additional burden in terms of taxes or cess on citizens and corporates. Healthy buying was witnessed in banking, finance and auto stocks. Banking stocks surged after the Finance Minister announced that two public sector banks will be privatised apart from the IDBI Bank in the upcoming financial year.
India's own 'Cash for Clunkers' announced, auto stocks jump
The long-awaited policy move that is expected to encourage new vehicle purchases was announced during the Budget 2021-22 presentation in Parliament on Monday. However, the finer details of the scheme will be announced later.
Budget Boost: Sensex jumps 2,000 points
Around 1.50 p.m., Sensex was trading at 48,346.88, higher by 2,061.11 points or 4.45 per cent from its previous close of 46,285.77 points. The Nifty50 on the National Stock Exchange was trading at 13,826.45, higher by 191.85 points or 1.41 per cent from its previous close.
Global cues, profit booking dent equities, Sensex down 535 points
Besides, the flight of foreign funds from the domestic market due to nervousness over the upcoming Budget FY21 and derivatives expiry led to the sharp correction. Globally, Asian and European shares slipped after a major sell-off was triggered at Wall Street. On the domestic front, NSENifty50 opened a gap down and continued to remain under pressure ahead of the Union Budget on Monday.
Sensex plunges 1,000 points, Nifty below 14,000
Around 2.45 p.m., Sensex was at 47,310.81, lower by 1,036.78 or 2.14 per cent from its previous close.The Nifty50 also fell below the psychological 14,000-mark. It was trading at 13,944.25, lower by 294.65 points or 2.07 per cent from its previous close.
Share Market: Sensex sheds gains amid volatile trade
Selling pressure was witnessed in oil and gas, energy and auto stocks. Buying in banking and finance stocks, however, curbed the losses. Around 10 a.m., Sensex was trading at 48,791.59, lower by 86.95 points or 0.18 per cent from its previous close of 48,878.54.
Market Watch: Volatile expiry and budget expectations to drive markets
NIFTY lost 61.80 points or 0.43 per cent to close at 14,371.90 points. The low and high for the week was 48,403.97 points and 50,184.01 points on the BSESENSEX. It was 14,222.80 points and 14,753.55 points on NIFTY. This means that effectively BSESENSEX lost 600 on Monday at the low, gained 1800 points to form the top on Thursday and then lost 1400 points to the close.
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