Sensex
Equity market starts FY22 on a high despite volatility
On Thursday, the BSE Sensex closed at 50,029.83, higher by 520.68 points or 1.05 per cent from its previous close of 49,509.15. The Nifty50 closed at 14,867.35, higher by 176.65 or 1.2 per cent from its previous close. Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd, said that global cues were positive, led by Biden's announcement of a multi-trillion-dollar infrastructure investment plan.
Equity indices in green, metal stocks surge
Around 10.40 a.m., Sensex was trading at 49,683.79, higher by 174.64 points or 0.35 per cent from its previous close of 49,509.15. It opened at 49,868.53 and has touched an intraday high of 49,942.84 and a low of 49,653.67 points. The Nifty50 on the National Stock Exchange was trading at 14,750.45, higher by 59.75 points or 0.41 per cent from its previous close.
Sensex zooms 800 points; banking, metal stocks surge
Healthy buying was witnessed in the banking, metal and finance stocks. The top gainers on the Sensex were NTPC, ONGC and Hindustan Unilever, while the only losers were Mahindra & Mahindra and Maruti Suzuki India.
Sensex up 700 points; metal, auto stocks surge
Bargain buying along with a positive trend in the global markets supported the Indian indices. Healthy buying was witnessed across the board led by metal, auto, and financial stocks. Around 1 p.m., Sensex was trading at 49,174.87, higher by 734.75 points or 1.52 per cent from its previous close of 48,440.12. It opened at 48,969.25 and has so far touched an intra-day high of 49,202.77 and a low of 48,699.91 points.
Equity indices in green, Sensex up 400 points
The indices rose as investors took to bargain buying after the recent decline over concerns of resurging Covid-19 cases both globally and in India. Around 10.10 a.m., Sensex was trading at 48,851.63, higher by 411.51 points or 0.85 per cent from its previous close of 48,440.12 points. It opened at 48,969.25 and has touched an intra-day high of 49,044.44 and a low 48,699.91 points.
Sensex down 500 points amid global sell-off
Heavy selling was witnessed in metal, finance, banking and IT stocks. Around 10.15 a.m., Sensex was trading at 49,536.26, lower by 515.18 points or 1.03 per cent from its previous close of 50,051.44 points. It opened at 49,786.47 and has touched an intraday high of 49,854.58 and a low of 49,529.23 points.
Sensex shed major gains after reclaiming 50,000
It rose above the landmark level to touch an intraday high of 50,115.24 points. Around 10.40 a.m., Sensex was trading at 49,934.57, higher by 163.28 points or 0.33 per cent from its previous close of 49,771.29. It opened at 49,876.21 and has touched an intraday low of 49,779.89 points. The Nifty50 on the National Stock Exchange was trading at 14,774.10, higher by 37.70 points or 0.26 per cent from its previous close.
Market in red, indices trim major losses
The market has, however, trimmed major losses made during the initial trade. At 10.19 a.m., Sensex was trading at 49,717.60, lower by 140.64 points or 0.28 per cent from its previous close of 49,858.24. It opened at 49,878.77 and has so far recorded an intraday high of 49,878.77 and a low of 49,460.90 points.
Brokerage clients jump 67% as small towns go big on equity
Recent data, based on city wise distribution of turnover in cash segment in BSE and NSE, suggest increasing pie of Tier-2 and below cities in past two years. In BSE, contribution of Tier-2 and below cities in cash turnover has increased from 30 per cent in FY18 to 40 per cent in FY20 while in NSE, it has risen from 14 per cent to 17 per cent.
Sensex down: Covid resurgence dampens market
Accordingly, both the indices -- the 30-scrip Sensitive Index (Sensex) of the BSE and the broader 50-scrip Nifty at National Stock Exchange (NSE) -- had a gap down opening. Globally, Asian markets retreated as US Bond yields soared indicating an upcoming cycle of inflation. On the domestic front, indices have been in a correction phase on the back of various QIPs as well as IPOs taking away liquidity from the system.
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