The key Indian equity indices fell on Monday morning with heavy selling in banking, finance and auto stocks. The night curfew and weekend lockdown announced in Maharashtra amid the rising number of Covid cases has weighed on the investor sentiments, analysts said. Around 10.15 a.m., Sensex was trading at 48,709.84, lower by 1,319.99 points or …
Continue reading "Sensex tanks 1,300 points; banking, auto stocks plunge"
April 5, 2021Auto stocks advanced on better sales numbers for December month. Market leader Maruti, which posted a 20 per cent increase in vehicle sales in December, rose by 0.53 per cent while Bajaj Auto closed up by 1.03 per cent.
January 1, 2021Mahindra and Mahindra, Hero Motorcorp and others were among other top gainers on the NSE.
July 16, 2020The weakness in the domestic indices came on the back of a similar trend in the Asian markets along with a sharp decline in rupee and a slowdown in the manufacturing PMI data, analysts said.
January 2, 2019Index-wise, the NSE Nifty50 traded at 10,980 points (1.54 p.m.), lower by 2.45 points or 0.02 per cent from the previous close.
September 28, 2018The key Indian equity indices closed in the green on Friday supported by healthy buying activity in the auto stocks and a recovery in the rupee from its from its previous close.
September 7, 2018Amid volatility, the key Indian equity indices provisionally closed in the red on Thursday.
June 21, 2018The key Indian equity indices traded in the red during the morning session on Tuesday as heavy selling took place in automobile, IT and banking stocks.
June 19, 2018Outperforming Asian equity markets, domestic bourses closed Tuesday’s trading session in the positive zone. The Sensex at the Bombay Stock Exchange (BSE) ended 173 points higher at 26,900 and the Nifty at the National Stock Exchange (NSE) closed 53 points up at 8,289. In the broader markets, BSE Midcap index jumped 0.8 per cent while …
Continue reading "Sensex, Nifty close higher; Metal, Auto stocks shine"
January 10, 2017Stocks snapped a 4-day winning streak on Monday as banks bore the brunt of heavy selling after they slashed lending rates on home loans as a part of Prime Minister Narendra Modi's drive to make housing more affordable to the poor. Real Estate stocks surged on hopes that lower interest rates will spur demand for their excessive …
Continue reading "Nifty snaps 4-day rally; auto, bank stocks plunge"
January 2, 2017Buying into select stocks resurfaced in Monday's late afternoon session as the bulls refused to give up their dominance for the fifth session in a row. Major indices had opened lower in morning trade as investors worked the math on a drastic cut in interest rates by banks on home loans. As a consequence, the …
Continue reading "Nifty inches up in positive territory as buyers lurk at lower levels"
January 2, 2017Most two-wheeler companies inched lower on the first trading day of January as they reported sales that reflected slipping demand following the government's demonetisation process. The absence of 86 per cent financial liquidity in the market resulted in demand for luxury items dropping since November as citizens concentrated on meeting bare necessities rather than spending on …
Continue reading "Some auto stocks slip as December sales disappoint"
January 2, 2017