Sensex
Sensex Rebounds 496 Points with Value Buying in Oil and Metal Shares, Breaking a 3-Day Losing Streak
The 30-share BSE Sensex made an impressive jump of 496.37 points, settling at 71,683.23, marking a 0.70% increase. In the course of the day, it soared by 708.78 points or 0.99%, reaching 71,895.64. The Nifty, on the other hand, climbed by 160.15 points or 0.75%, closing at 21,622.40, with 43 of its shares in the green and seven in the red.
Sensex Drops 1,371 Points in Early Trade, Nifty Falls Below 22,000-Level on Bank Stock Declines
HDFC Bank, one of the Sensex firms, witnessed a nearly 6% decline following the release of its December quarter earnings.
Sensex and Nifty Hit All-Time Highs, Reflecting Strong Market Performance
Mandar Bhojane, Research Analyst at Choice Broking, noted that both Sensex and Nifty reached new highs of 73,322 and 22,104, respectively, driven by a rally in IT stocks, fueled by December quarter results exceeding Street estimates.
Sensex Surpasses 73,000 Mark, Propelled by Wipro's Performance
The market rally, initially driven by momentum, is now finding support from fundamentals, according to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Markets Receive a Booster Dose Following IT Results Announcement
Out of the five sessions, markets recorded gains on four, concluding the week on a positive note. Despite substantial losses on the opening day, the net gains were somewhat tempered compared to the remarkable surge witnessed on Friday.
Market Closes with Slight Gains Amid Investor Focus on Q3 Performance of IT Bellwethers
The BSE Sensex, a 30-share index, eked out a 0.09% rise, adding 63.47 points to settle at 71,721.18. Earlier in the day, it had surged by 0.47% or 341.76 points, reaching 71,999.47. Meanwhile, the Nifty saw a modest gain of 0.13%, rising by 28.50 points to 21,647.20.
Inconsistent FII and DII Behavior Marks This Month's Market Trends
Vijayakumar highlighted that a potential negative trigger could be a slightly hawkish statement from the Federal Reserve, postponing the expected rate cuts that the market anticipates starting by March 2023.
Sensex Dips Over 500 Points in Recent Market Movement
As of the latest update, the BSE Sensex is trading at 71,444 points, down by 580 points. Notable declines are observed in SBI, which is down by more than 2%, while ICICI Bank and Axis Bank are both experiencing a 1% decrease.
Global Markets Undergo Correction in Recent Days: A Recap of Recent Financial Trends
While market trends can be predicted to some extent, the timing and specific triggers for corrections remain unpredictable.
Sensex Plummets Over 500 Points in Recent Market Movement
The BSE Sensex recorded a significant decline of 559 points, settling at 71,712, mainly driven by selling pressure on heavyweight stocks.
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