Results for: Indian stock market

The Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday, with BSE Sensex dipping 200 points and Nifty50 near 22,300 levels. Despite the decline, technical analysts remain optimistic about the short-term market sentiment, as Nifty closed above critical moving averages. Global markets presented a mixed picture, with S&P 500 closing higher and Asian equity markets experiencing a decline. Foreign portfolio investors (FPIs) continued to be net sellers, while domestic institutional investors (DIIs) were net buyers.

Driven by positive global market sentiment, the Indian stock market extended its winning streak to four sessions on Wednesday. The Nifty 50 index gained 34 points to close at 22,402, while the BSE Sensex rose 114 points to end the day at 73,852. The Bank Nifty index also surged by 218 points to settle at 48,189.

Market breadth remained positive, with the advance-decline ratio staying firm at 1.63:1. However, cash market volumes on the NSE declined compared to the previous day, totaling 1.03 lakh crore.

Technical analyst Vaishali Parekh of Prabhudas Lilladher highlighted a key hurdle for the Nifty 50 index at the 22,450 level. She emphasized that a decisive move beyond this level, particularly to the 22,500-22,550 zone, would improve market sentiment and open the door for further upward momentum.

Parekh recommended three stocks for trading on Wednesday: COLPAL, GNFC, and . She provided buy recommendations for these stocks with specific target prices and stop-loss levels.

Despite positive global equity markets, selling pressure on telecom, IT, and tech sectors limited the gains of Indian benchmark indices Sensex and Nifty on Wednesday. The Sensex rose 114.49 points to settle at 73,852.94, while the Nifty advanced 34.40 points to close at 22,402.40. Metal and commodity stocks witnessed buying interest, while JSW Steel, Tata Steel, and Power Grid emerged as the top gainers from the Sensex basket. However, selling pressure on TCS, Tech Mahindra, and Maruti capped the upside. Asian markets ended mostly in the green, and European markets traded with gains, but Wall Street settled with positive returns on Tuesday. Foreign institutional investors offloaded equities worth Rs 3,044.54 crore on Tuesday.

Indian benchmark stock market indices, the S&P Sensex and Nifty50, ended higher on Wednesday, boosted by gains in heavyweight financials and metals stocks.

Foreign Portfolio Investors (FPIs) poured over 5,400 crore into the Indian stock market during the first half of April 2024. This influx is primarily attributed to the purchase of cyclicals and capital-intensive stocks, including those in the power, finance, industrial, auto, telecom, and real estate sectors. Notably, FPIs sold defensive stocks, IT, and FMCG during this period. As of April 15, FPIs’ asset under custody (AUC) reached a record high of 64.76 lakh crore or $776.22 billion. This buying spree coincided with geopolitical tensions and rising US bond yields, but analysts attribute the outperformance of beta stocks to a positive near-term growth outlook for domestic cyclicals.

The Indian stock market witnessed a positive trend on April 24, 2024, with both Nifty 50 and BSE Sensex closing higher. Nifty 50 gained 104.3 points (0.47%), reaching a value of ___, while Sensex climbed by 367.52 points (0.5%), closing at ___. In the BSE Sensex index, Tata Steel, Kotak Mahindra Bank, Bajaj Finserv, Power Grid Corporation of India, and Bajaj Finance emerged as the top gainers. Infosys, Hindustan Unilever, Tech Mahindra, and Asian Paints were among the top losers. Within the Bank Nifty index, Bandhan Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, and ICICI Bank led the gains, while Bank Of Baroda and Au Small Finance Bank experienced declines.

Indian stocks are set to open higher on Wednesday, tracking gains in global markets. Asian markets have seen a surge, and US stocks closed at higher levels as investors turned their attention to the quarterly outcomes from Magnificent Seven and other large-cap growth stocks. The Indian stock market indices maintained their positive trajectory on Tuesday, marking the third straight session of gains. Equity benchmarks rose in Japan and South Korea, while futures for Hong Kong pointed up. US futures gained in early Asian trading. Meanwhile, weakness in measures of business activity helped keep alive forecasts for US rate cuts this year, which was positive for equities but weighed on the dollar and Treasury yields. The S&P 500 notched its best back-to-back rally in two months. Treasuries were largely steady after briefly extending gains on a solid $69 billion sale of two-year notes — but quickly returned to levels seen ahead of the auction — with 10-year yields little changed. Oil held a gain as an industry report showed shrinking US crude stockpiles and traders tracked progress toward fresh sanctions against Iran. Gold is little changed.

The Indian stock markets closed higher on Tuesday, with the Nifty and Sensex indices inching up modestly during the trading session. The Nifty index gained 0.14% to close at 22,336.4, while the Sensex advanced by 0.12% to settle at 73,648.62. The broader markets also performed well, with the Nifty Midcap 50 and Nifty Small Cap 100 indices outperforming the Nifty 50. The top gainers in the Nifty 50 index were Grasim Industries, Bharti Airtel, Nestle India, Maruti Suzuki India, and HCL Technologies, while the major decliners were Sun Pharmaceutical Industries, Bharat Petroleum Corporation, Reliance Industries, Mahindra & Mahindra, and Hindalco Industries. The Bank Nifty index also ended the day in positive territory, closing at 47,924.9 and providing a positive return of 1.1% over the past week.

According to brokerage firm Bernstein, the Indian stock market is likely to experience profit-booking after the Lok Sabha elections, with the results acting as a catalyst. A pre-election euphoria is building up as projections indicate a strong showing for the BJP coalition, possibly winning over 400 seats. However, analysts believe that a post-election correction is inevitable, as markets may overreact to any perceived disappointment in the results. The analysts maintain that the macro story will ultimately prevail, with modest downsides expected while manufacturing and capex stories remain key themes.

Indian stock markets maintained their upward momentum on Monday, extending gains for the second consecutive session. Key indices, Nifty 50 and Sensex, closed higher, while the Bank Nifty index also surged. Anand Rathi’s Ganesh Dongre expressed optimism about the market trend if the Nifty 50 holds above 21,800-21,900 support. He recommended three stocks for investment: MCX, HCL Tech, and RCF, providing buy, target, and stop loss levels for each. The overall market sentiment remains bullish, with the advance-decline ratio indicating a positive outlook for the coming days.