The Nifty Smallcap 100 index surged to a record high of 16,822 points on Wednesday, extending its winning streak to four consecutive days. Eight index constituents notched new 52-week highs, led by Data Patterns (India) with a gain of over 10%. Benchmark indices Nifty 50 and Sensex also traded in the green, extending their bullish trend for the fourth day running.
The domestic benchmark equity indices, the Sensex and the Nifty 50, extended their winning run for the third consecutive day on Wednesday, led by advances in metals and auto stocks. The NSE Nifty 50 opened at 22,421.55, up 53.50 points, while the 30-share BSE Sensex started off at 73,957.57, up 213.65 points. The Nifty 50 has recovered over 3% from its recent swing low in the past 3 trading days. The Bank Nifty is also likely to fetch further positive momentum for targets on the upside to scale towards 49,100 odd. Top stock recommendations for Wednesday include L&T, Deepak Nitrite, APL Apollo Tubes, and Future Retail.
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.
Domestic equity benchmarks Sensex and Nifty 50 extended their gains for the third straight session on Thursday, boosted by gains in telecom, tech, and consumer durable stocks. The volatility index, India VIX, declined significantly, indicating a reduction in market volatility and a more stable market outlook. Sensex closed 90 points higher, while Nifty 50 gained 32 points.
Indian equity markets closed in the green on Tuesday, with the Sensex and Nifty gaining points. Bharti Airtel emerged as the top gainer, while Reliance Industries (RIL) weighed on the indices. The Sensex rose by 90 points to settle at 73,738, while the Nifty climbed by 31 points to close at 22,368.
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.
The Indian equity markets opened on a positive note on Tuesday, with the Sensex and Nifty 50 gaining ground amid a positive global environment and gains in realty and IT stocks. Fueled by a decline in oil prices, the markets extended their Monday gains, signaling a sustained underlying bullishness despite external macroeconomic factors.
Benchmark equity indices, Sensex and Nifty, continued their winning streak for the third consecutive day on Tuesday, boosted by positive global market trends. The 30-share Sensex rallied 411.27 points to reach 74,059.89 in early trade, while the Nifty advanced 111.15 points to 22,447.55.
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.
The Indian stock market is poised to open higher on Tuesday following favorable global cues. The benchmark Nifty 50 index is projected to start flat, according to trends on the Gift Nifty. On Monday, the domestic equity indices ended significantly higher for the second consecutive session, with the Nifty closing above the 22,300 level. Nifty 50 formed a doji pattern on the daily chart, indicating a pause in the uptrend. Key levels to watch for Nifty 50 and Bank Nifty include support at 22,000 and resistance at 22,500. Analysts expect continued bullish sentiment in the market, with potential upside targets of 22,600-22,700 for Nifty 50 and 48,000 for Bank Nifty.
