Intellect Design Arena, India Cements, Phoenix Mills and Lodha rose between 3-17% while Insurance stocks such as GIC, Star Health and Allied Insurance Company, and New India Assurance Company dipped between 2-5.4% along with Zomato.
Welcome to a brand-new episode of ET Market Watch! Your daily dose of market updates, stock movements, trends & more. This is your host Neha V Mahajan, Let's dive into it.
Sensex ... Read More
Indian equity markets faced a sharp decline today, with both benchmark indices witnessing significant losses. The Sensex plummeted by 1,176.46 points (-1.49%) to close at 78,041.59, while the Nifty fell by 364.20 points (-1.52%) to settle at 23,587.50.
Indian indices closed sharply lower with the Sensex down over 950 points and the Nifty falling below 24,000. Key drags were ICICI Bank, Reliance Industries, and HDFC Bank. Here are 5 reasons behind today's market mayhem.
The Indian stock markets ended Tuesday on a negative note, with both benchmark indices closing sharply lower. The Sensex dropped 502 points (-0.62%) to settle at 80,182.20, reflecting broad-based selling pressure. Similarly, the Nifty 50 index fell 137 points (-0.56%) to close at 24,198.85, weighed down by losses in key sectors.
Indian stock markets witnessed a sharp decline on Wednesday, with the Sensex falling 1,064 points to close at 80,684.45, while the Nifty50 dropped 332 points to settle at 24,336.
The Sensex and Nifty ended lower on Wednesday, reflecting cautious sentiment in the market. The Sensex declined 236.18 points (-0.3%) to close at 81,289.96, while the Nifty fell 93.10 points (-0.38%) to settle at 24,548.70.
Indian equity markets ended Tuesday’s session with modest gains as investors remained cautious ahead of key economic data later in the week. The Sensex added 16.09 points (+0.02%) to close at 81,526.14, while the Nifty 50 rose 31.75 points (+0.13%) to settle at 24,641.80.
Indian equity markets ended nearly unchanged on Monday as investors remained cautious ahead of key inflation data. The Sensex dipped marginally by 1.59 points to close at 81,510.05, while the Nifty 50 slipped 8.95 points (-0.04%) to settle at 24,610.05.
Markets closed in red as Sensex fell 200.66 points (-0.25%) to 81,508.46, and Nifty dropped 58.80 points (-0.24%) to 24,619. FMCG stocks led declines, with Godrej Consumer plunging 11%.
Indian stock indices snapped their five-day winning streak on Friday, ending lower after the Reserve Bank of India's CRR cut. The Sensex closed 56.74 points down at 81,709.12, while the Nifty dropped 30.60 points to 24,677.80.
Sensex closed over 800 points higher, crossing the 82,000 mark intraday, while Nifty ended above 24,700. In the past five trading sessions, Sensex has surged over 2,700 points despite weak Q2 earnings and lower-than-expected GDP data.
Nifty closed 10.30 points (0.04%) up at 24,467.45, led by gains in banking stocks on expectations of a CRR cut by the RBI. S&P BSE Sensex added 110.58 points (0.14%) to close at 80,956.33.
The Sensex rose 597.67 points (+0.74%) to close at 80,845.75, marking a strong session. Similarly, the Nifty 50 gained 181.10 points (+0.75%) to finish at 24,457.15.
Indian equity indices ended 1.5% lower on Thursday, with the Sensex falling 1,190 points to 79,043 and Nifty declining 361 points to 23,914. IT stocks led the decline, with the Nifty IT index dropping 2.3% amid concerns over slower US rate cuts. Infosys, ICICI Bank, Reliance Industries, and TCS were among the top contributors to the losses.
Nifty closed at 24,274.90, up 80.40 points (+0.33%). Sensex ended at 80,234.08, rising 230.02 points (+0.29%). Gains were led by banks and auto stocks, with HDFC Bank playing a major role.
Sensex fell 105.79 points (0.13%) to 80,004.06, while Nifty dipped 27.40 points (0.11%) to 24,194.50. Auto and Pharma indices were the biggest laggards, falling nearly 1%. IT and FMCG indices gained, rising 1% and 0.8%, respectively.
Seems like BJP's win in Maharashtra worked in the stock market's favour because the BSE's Sensex closed nearly 1000 points higher while Nifty was up over 300 points on Monday. This was on the back of a resounding win by the BJP-led Mahayuti alliance in Maharashtra assembly elections. It was a broad based rally panning across all sectors but bank stocks stood out.
Indian markets rebounded strongly on Friday, driven by buying across sectors, with IT, banking, and Reliance Industries leading the rally. The S&P BSE Sensex rose 2.54% to 79,117.11, while the Nifty closed up 2.39% at 23,907.25.
India markets fell sharply on Thursday while recovering some losses towards the end. This was mainly due to a sell-off in Adani Group stocks following an indictment of Gautam Adani and several others in a $250 million bribery case, Sensex closed at 77,155, down by 422 points while the broader Nifty50 finished at 23,349, lower by 168.60 points
After surging over 1,000 points intraday, Sensex settled just 200 points higher on Tuesday, while the Nifty50 closed above the 23,500 mark. Gains in HDFC Bank and Mahindra and Mahindra drove the indices, with analysts attributing the rise to a short-term relief rally.
Indian stock markets experienced a significant drop on Wednesday, with the Sensex plummeting over 980 points and the Nifty falling below 23,600. Here are the top factors behind today's sell-off:
Sharp declines in Asian stocks, especially in China and semiconductor shares, amid concerns over Trump’s policies. Meanwhile, optimism around Trump’s potential tax cuts pushed Bitcoin to a record high of $89,637.
The markets kept on swinging intraday but ended flat at closing. The NSE Nifty 50 fell by 0.03% to 24,141, while the BSE Sensex dipped 0.01% to 79,496. The Nifty Healthcare was in red today while Nifty IT stood in green.
Sensex rose by 694 points (0.88%) to close at 79,476, while Nifty increased by 218 points (0.91%) to end at 24,213, despite a volatile session with intraday dips of 0.6%.
Benchmark BSE Sensex fell over 900 points, while Nifty50 closed below the 24,000 level on Monday, weighed down by uncertainty around the hotly-contested US presidential election, while volatility spiked to a three-month high.
The BSE Sensex dropped 553 points to close at 79,389, while the NSE Nifty slipped 135 points to 24,205. Losses were led by major IT stocks like Tech Mahindra, HCL Tech, TCS, and Infosys, which fell between 2.5% and 4.5%.
Key equity indices, Sensex and Nifty50, traded lower on Wednesday, influenced by declines in banking and financial stocks amid ongoing foreign selling and disappointing corporate earnings.
Benchmark BSE Sensex closed over 600 points higher, while Nifty50 ended above the 24,300 mark on Monday, rebounding after five consecutive days of decline amid ongoing foreign selling and lackluster corporate quarterly earnings.
Disappointing Q2 results from key companies dragged down the market. IndusInd Bank plunged 18.5%, contributing 136 points to the Sensex’s loss, while NTPC dropped 3% due to poor earnings performance. Analysts are lowering FY25 earnings forecasts, turning market sentiment bearish.
Sensex and Nifty50 both ended in the red due to weak corporate earnings and persistent foreign selling. Sensex dropped 138 points to close at 80,081, while Nifty slipped 36 points to settle at 24,435.
Corporate earnings, after 4 years of strong double-digit growth, are starting to moderate. Markets came under pressure after many blue-chip & other companies reported disappointing Q2 results. Following these results, investors are now shifting towards more defensive stocks.
The Sensex fell 73 points to 81,151, and the Nifty also dropped 73 points to 24,781 due to lackluster earnings and profit-booking despite HDFC Bank's strong results.
IT companies rallied up to 4% after Accenture's better-than-expected earnings, driven by AI service demand. Major gainers included Infosys, Wipro, Tech Mahindra, and Coforge.
Nifty Auto index rose by 2.3%, buoyed by positive sentiment in domestic auto firms following Karnataka's plans to waive taxes for hybrid cars and offer incentives for electric vehicles (EVs). Maruti Suzuki, which sells hybrid vehicles, saw a 4.8% increase, marking its largest daily percentage gain in nearly three months.
Indian markets have been on a roll ever since Fed rate cuts happened. For the last 4 straight sessions, the Sensex and Nifty have been hitting record highs as well. After a sluggish start, Sensex and Nifty closed at fresh highs on Monday, due to gains in banking and energy stocks. Sensex closed at 85,169, while the broader NSE Nifty ended at 26,004.
Nifty50 and Sensex made history earlier in the day, with Nifty surpassing the 26,000 mark and Sensex crossing 85,000 for the first time. However, after hitting record highs both the indices closed flat on Tuesday. Sensex closed at 84,914, while the broader NSE Nifty ended at 25,940.
Sensex and Nifty closed at new record highs on Monday, led by financial stocks, amid expectations of increased foreign inflows following last week's US Federal Reserve rate cut. The 30-share BSE Sensex rose 384 points, or 0.45%, to close at 84,928, while the broader NSE Nifty gained 148 points, or 0.57%, to end at 25,939.
Sensex and Nifty Retreat After Record Highs: Both indices reached all-time highs before closing lower. Nifty ended at 25,377.55, down 41 points, while Sensex settled at 82,948.23, down 131.43 points, dragged by IT heavyweights like Infosys and TCS.
Domestic equity indices retreated from all-time highs as the Sensex fell 72 points to 82,890, and the NSE Nifty dropped 32 points to 25,356, this was mainly due to a decline in FMCG and energy stocks.
Indian benchmark equity indices closed lower on Wednesday in a highly volatile session, dragged by auto, metal, and banking stocks. The decline came ahead of key U.S. inflation data, which could influence the size of the anticipated interest rate cut by the Federal Reserve next week.
Sensex closed 0.44% higher at 81,921 while Nifty was up 0.42% at 25,041. Gainers on Sensex were HCL Tech, Bharti Airtel, NTPC, Power Grid, Axis Bank, and TCS which rose 1-2%. Losers Bajaj Finserv, Bajaj Finance, HUL, M&M, and Tata Motors ended in the red.
Sensex and Nifty Close Higher: The BSE Sensex gained 375 points (+0.46%) to settle at 81,559, while the NSE Nifty50 rose by 93 points (+0.34%) to close at 24,936. Gains in banking and consumer stocks helped offset concerns over the U.S. economy following last week’s weak jobs data.
Major financial stocks dropped due to worries about upcoming data on bank loan and deposit growth. The widening gap between deposit and credit growth has raised fears of potential liquidity issues.
Indian Equity Indices Decline: The BSE Sensex fell by 151 points (0.18%) to 82,201, and the NSE Nifty dropped by 53 points (0.21%) to 25,145, due to weakness in Reliance Industries and other major stocks.
Nifty Ends 14-Day Winning Streak: The Nifty index closed in the red, down 81 points (0.32%) at 25,198, due to global market declines and concerns over a U.S. economic slowdown. The Sensex dropped 203 points, despite recovering 519 points during the day.
Nifty managed to end positive for the 14th time due to a push by banking heavyweights ICICI Bank and HDFC Bank. The 50-stock index ended at 25,279.85, gaining 1.15 points.
Nifty closed flat today after touching record-high levels of 25,078 intraday. This was mainly due to global headwinds limiting the impact of positive domestic tailwinds. Sensex rose 13 points and closed at 81,711.
Sensex closed 611 points higher, while Nifty surged 187 points to end above the 25,000 level. The rise was led by index heavyweights in financial and IT stocks after U.S. Fed Chair Jerome Powell signaled imminent interest rate cuts.
Indian markets ended flat on Friday. Traders were cautious ahead of Fed Chair Jerome Powell's speech later today, which could provide cues on potential U.S. rate cuts. Nifty 50 index inched up by 0.05% to close at 24,823, while the S&P BSE Sensex added 0.04%, ending at 81,086.
Indian markets closed in positive territory on Thursday, following gains in Asian and European markets. This is due to FOMC minutes indicating a likely U.S. rate cut next month. Sensex gained 147.8 points and closed at 81,053, while the NSE Nifty50 rose 41.3 points and ended at 24,811.
The markets were quiet between losses and gains but closed a bit high, led by Consumer Durables stocks. Sensex rose 102 points and ended at 80,905, while the Nifty added 71 points and closed at 24,770.
The Indian markets closed in the green led by financial and IT stocks. This was driven by expectations of imminent rate cut hints from the Federal Reserve later this week. Sensex rose 378 points and closed at 80,802 while the NSE Nifty gained 126 points and closed at 24,698.
Nifty ended neat flatline while the Sensex was up 150 pts ahead of US CPI data due later in the day. Sensex surged 0.19% to settle at 79,105, while the broader NSE Nifty gained 0.02% to end at 24,143.
Sensex and Nifty closed lower on Tuesday, weighed down by HDFC Bank due to anticipated lower-than-expected inflows from its staggered weight adjustment on a key MSCI emerging market index. Broad-based selling pressure also contributed to the market's downturn.
The markets opened in the red with Sensex down 400 points today but closed flat. This comes after another revelation by the Hindenburg Research. Over the weekend, Hindenburg had accused Sebi chief Madhabi Buch & her husband of having stakes in offshore funds linked to Gautam Adani's brother. Although the noise wasn't able to shake the markets much amid positive cues from global markets. Sensex closed at 79,648 while Nifty was above 24K.
Sensex and Nifty, bounced back on Friday, ending the week over 1% higher mainly driven by gains in IT stocks. This recovery followed a sharp sell-off earlier in the week.
Indian markets closed lower after RBI kept the repo rate unchanged at 6.5% and maintained its hawkish stance due to persistently high food inflation. Sensex fell 581 points and closed at 78,886, while the broader Nifty declined 180 points and ended at 24,117.
Markets started the day positively after 2 days of crash and burn following the trend from Asian markets. Real estate stocks rallied after govt revised the LTCG rules on property. Sensex zoomed over 800 pts while Nifty was above 24,250 level.
Tuesday marked a rebound for most Asian markets following a day of significant losses, though the Indian market lagged. While the first half of the day showed some recovery, the latter half disappointed many. The Sensex fell 0.21%, closing below 79,000, and the Nifty dropped 0.26%, ending below 24,000.
Indian markets closed slightly higher on Tuesday. The gains were mainly led by auto and energy stocks. Sensex rose 99 pts and closed at 81,455 while the Nifty was up 21 points and ended at 24,857.
Stock markets closed marginally lower for the fifth consecutive session today. The markets were dragged down due to weaker-than-expected results from Axis Bank and Nestle India, as well as declines in global markets. NASDAQ crashed 4% overnight, top euro markets were also down due to weak corporate earnings.
From the Sensex pack, Titan and ITC were the top gainers, rising 6.6% and 5.5%, respectively. Adani Ports, NTPC, Infosys, and HCL Tech also ended with gains, while L&T, Bajaj Finance, SBI, Axis Bank, HDFC Bank, and Asian Paints closed with cuts.
Nifty 50 and Sensex reached record closing highs on Tuesday, driven by gains in Bharti Airtel, HUL, and IT stocks amid expectations of a U.S. rate cut as early as September. Sensex closed at 80,716, 51 pts up while Nifty climbed 26 points and closed at 24,613.
From the Sensex stocks, SBI, NTPC, and UltraTech Cement were the top gainers, rising 2-2.5%. M&M, Bajaj Finance, Tata Motors, and Maruti Suzuki also closed with gains, while Asian Paints, Tata Steel, Axis Bank, JSW Steel, and Tech Mahindra ended with losses.
Nifty and Sensex both closed flat with a negative bias on Thursday. This happened due to investors booking profits in heavyweights ahead of the announcement of key financial results for the June quarter.
While the markets ended flat, 34 stocks in Nifty closed with positive bias while rest 16 in the red, indicating a shift towards the bulls as far as the market breadth is concerned. The top gainers at the closing time were ONGC, Reliance Industries (RIL), State Bank of India (SBI), Britannia Industries and Cipla while the top losers were HDFC Bank, Titan, LTIMindtree, Tata Steel and IndusInd Bank.
RIL, ICICI Bank, and Airtel added to the rally today. Sensex was up 620 points and closed at 78,759 while Nifty 50 closed at 23,868. Nifty Bank also hit a fresh lifetime high of 52,988 intraday today
The top gainers from the Nifty50 index were Shriram Finance, Axis Bank, HDFC Bank, ICICI Bank and Tech Mahindra around this time while the top losers were BPCL, Eicher Motors, Tata Steel, Asian Paints and Power Grid.
In the Sensex pack, M&M, Power Grid, Sun Pharma, and Nestle India were top gainers while IndusInd Bank, Adani Ports, Tata Steel, and Reliance Industries were the top losers
Axis Bank and HDFC Bank led with over 3% gains; ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI also posted gains. Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.
State-run companies and energy stocks also contributed to the rally in hopes of continued capex spending by the new government. Sensex surged 182 points and closed at 76,993. Nifty rose 67 points and closed at 23,466.
U.S. consumer prices were unexpectedly unchanged in May. Core prices grew at their slowest annual pace in over 3 years, which also lifted bets of a Sept rate cut by the Fed.
Coal India, Power Grid, NTPC, and BPCL were among the top gainers on nifty. M&M, HUL and Tata Consumer were the losers. Small-cap and mid-cap indices rose by over 1% each. IT companies, which count the U.S. as a key revenue geography, jumped up to 1.65%.
Rate-Sensitive Sectors Surged: Banking, finance, auto, and real estate stocks rose by up to 8% following the RBI's decision to maintain the interest rate.
Modi's National Democratic Alliance (NDA) on Wednesday formally named him as the leader of a new coalition government, a day after it regained power with a surprisingly slim majority.
Heavyweight bank stocks surged 4.5%, financial services index jumped 4.2%, driving a surge in the Nifty. Bank stocks had dropped nearly 8% on Tue. Nifty FMCG surged 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%.
After falling over 6,000 points during the day, BSE's Sensex closed 5.4% down at 72,079 while the broader NSE Nifty dropped 5.93% and closed at 21,884. About Rs 30 lakh cr were wiped out from the markets during the June 4 trade. The market capitalization of all listed companies on BSE declined to Rs 396 lakh crore.
Nifty50 and BSE's Sensex both closed at record highs, hitting over 23,250 and 76,400 mark, respectively. This surge came after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections.