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Both <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> regained their mojo back on the final trading session of the week. While Sensex zoomed 1,330.96 points to close the week at over 80,000 (80,436.84 points), Nifty inched up 1.65% to close the day at 24,541.15 points. Out of the 50 Nifty stocks, 47 saw advances, while only 3 declined as of August 16th, 2024. <keyword id="19945574" type="General" weightage="20" keywordseo="Wipro" source="keywords" meta.keywordsubtype="org" meta.entityname="Wipro" meta.hostid="261" meta.entityid="Wipro">Wipro</keyword> (up by 4.23%), Tech Mahindra (up by 3.98%), Grasim (up by 3.65%), Mahindra and Mahindra (up by 3.45%) and Tata Motors (up by 3.36%) were amongst the biggest gainers during the day. On the other hand, Divis Labs (down by 0.62%), SBI Life (down by 0.07%) and Dr. Reddy (down by 0.02%) were amidst the leading laggards. Out of the 2,797 stocks traded during the day, 1,872 saw advances, while 845 declined and another 80 remained unchanged. 95 stocks hit their 52-week high price, while 31 stocks also hit their 52-week lows. 112 stocks hit the upper circuit, or the maximum permissible trading price of a security during a single trading session. This included <keyword id="19945904" type="General" weightage="20" keywordseo="ola" source="keywords">Ola</keyword>, which was up by 20%, Akums Drugs and Pharmaceuticals (up by 10%) and Jindal Poly Films (up by 17.75%). 76 stocks also hit the lower circuit, which included names like MTNL, Dolphin, DCX Systems and more. Most broad market indices closed the day in green, with Nifty Next 50 inching up by 1.82%, Nifty 100 up by 1.66%, Nifty mid cap 50 up by 2.03%, Nifty small cap 50 up by 2.24% and micro caps up by 2.07%. The only exception to this was India VIX, which slipped by 6.68%. Amidst sectoral indices, banks rose by 1.59%, auto was up by 2.01%, financial services was up by 1.7% and FMCG was up by 1.48%. IT (up by 2.89%), media (up by 2.09%) and realty (up by 2.49%) inched up over 2% during the day, while metals and consumer durables moved up by 1% each. Santosh Meena, Head of Research, Swastika Investmart Ltd notes that Indian markets joined the <keyword id="21476120" type="General" weightage="20" keywordseo="global-rally" source="keywords">global rally</keyword> today, rebounding after a brief period of underperformance driven by <keyword id="19950996" type="General" weightage="20" keywordseo="FIIs" source="keywords">FIIs</keyword>' selling in both the cash and F&amp;O segments. Concerns over slightly weaker earnings, high valuations, and the Hindenburg issue had weighed on the market recently. However, a shift in global sentiment from panic to optimism has fueled today's upturn. "Several factors have contributed to this <keyword id="20016146" type="General" weightage="20" keywordseo="bullish-momentum" source="keywords">bullish momentum</keyword>. The fear of a reversal in the yen carry trade has subsided, and strong retail sales figures, along with better-than-expected job data, have alleviated concerns about a potential U.S. recession. Additionally, the market is now fully pricing in a 25 basis point rate cut by the U.S. Federal Reserve in September, further boosting <keyword id="20322632" type="General" weightage="20" keywordseo="investor-confidence" source="keywords">investor confidence</keyword>. If the Nifty can sustain above its 20-DMA, around 24,500, the bullish momentum could extend towards the 24,800-25,000 zone. On the downside, the 24,200 level now serves as a key support", he continued. Ajit Mishra – SVP, Research, Religare Broking Ltd noted that markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. After opening with a gap-up, the Nifty initially lost all its gains in the early hours but rebounded due to strong buying interest in select heavyweight stocks. As a result, the Nifty decisively crossed the resistance at 24,400, closing near the day's high at 24,541.15. The rally was broad-based across sectors, with IT, realty, and auto stocks leading the gains. The broader indices also showed a solid recovery, each advancing nearly 2%. "With the Nifty breaking out of its consolidation phase, it appears poised to close the gap around the 24,700 level. If there is any dip, the 24,300-24,400 zone should provide support. We recommend aligning trades with a focus on stock picking. In the absence of any major domestic triggers, attention will remain on global market performance for further cues", said Mishra.

Stock market closing: Sensex climbs over 1,000 points to close the week, Nifty ends the day at over 24k mark

<ul><li>The <keyword id="19925636" type="General" weightage="100" keywordseo="stock-market" source="keywords">stock market</keyword> began the week on a subdued note as key indices opened lower on Monday.</li><li>The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45% decline. The NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42% decrease.</li><li>The top gainers included Sun Pharma, Wipro, ITC, ICICI Bank, and Apollo Hospitals.</li></ul>The stock market began the week on a subdued note as key indices opened lower on Monday. The BSE Sensex fell by 346.25 points, opening at 76,863.65, reflecting a 0.45 per cent decline. Meanwhile, the NSE Nifty 50 dropped by 99.75 points to 23,401.35, marking a 0.42 per cent decrease. The initial hours of trading indicated a bearish sentiment, driven by broader market concerns amidst <keyword id="22158160" type="General" weightage="20" keywordseo="global-economic-uncertainty" source="keywords">global economic uncertainty</keyword>. Among the Nifty 50 companies, only 4 stocks advanced while 42 declined, showcasing weak <keyword id="20528297" type="General" weightage="20" keywordseo="market-breadth" source="keywords">market breadth</keyword>. The top gainers included Sun Pharma, Wipro, ITC, ICICI Bank, and Apollo Hospitals. On the other hand, the major losers were CIPLA, IndusInd Bank, Tata Steel, AdPorts, and Bajaj Finance. The lacklustre performance was influenced by mixed global cues and recent profit booking trends. Last Friday's session saw the Sensex closing 269.03 points lower at 77,209.90, and the Nifty settled at 23,501.10, down by 65.90 points. The market was weighed down by selling pressure, leading to a cautious start this week. The Bank Nifty index also opened lower, down by 381.20 points or 0.74 per cent to 51,280.25, signalling a broad-based decline across sectors. Technically, the Nifty 50 showed potential bearish signals with a bearish engulfing pattern on the daily chart, suggesting indecision among traders. Varun Aggarwal, founder and managing director, Profit Idea, said, "A small bearish candle on the weekly chart indicated a formation of a bearish spinning top pattern, pointing towards potential further weakness if confirmed in the coming days. The market is closely watching these <keyword id="20181742" type="General" weightage="20" keywordseo="technical-indicators" source="keywords">technical indicators</keyword> for signs of direction." He added, "Globally, market trends were mixed, adding to the cautious sentiment. In the United States, the S&amp;P 500 and Nasdaq closed lower on Thursday due to disappointing economic data and cautious comments from the Federal Reserve regarding interest rate cuts." In Asia, market movements were varied with the Asia Dow marginally up by 0.88 per cent, Japan's Nikkei 225 slightly down by 0.03 per cent, Hong Kong's Hang Seng up by 1.67 per cent, and China's Shanghai Composite down by 0.24 per cent. Institutional activity played a crucial role in shaping market dynamics. Foreign Institutional Investors (FII) were net sellers, offloading shares worth Rs 1,790 crore. In contrast, Domestic Institutional Investors (DII) were net buyers, purchasing shares worth Rs 1,237 crore, as per provisional data from the NSE. This divergence in buying and selling activity underscores the cautious stance of international investors amid local confidence in domestic equities. In the <keyword id="22158161" type="General" weightage="20" keywordseo="commodity-markets" source="keywords">commodity markets</keyword>, crude oil prices showed minor declines, with WTI crude down by 0.26 per cent at USD 80.38 and Brent crude also decreasing by 0.26 per cent to USD 84.85. The US Dollar Index edged up by 0.06 per cent to 105.88, indicating mixed sentiment in global currency markets and reflecting a cautious economic outlook. Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that the benchmark indices experienced selling pressure at higher levels last week, with the Nifty and Sensex closing lower. He said, "We expect weak sentiment as long as the market is trading below 23700/77800, and anticipate a retest of 23400/76700 levels. Further downside may continue, possibly dragging the market towards 23200/76100. On the other hand, a breakout above 23700/77800 could lead the market towards 23800-24000/78000-78500." He added, "The prudent strategy would be to buy between 23000 and 23200 levels with a stop loss at 23000 on a closing basis. Keep reducing positions if indices move towards 23600/23700 levels. For Bank Nifty, 51200 will be the trend-deciding level. Below this level, it could fall to 50750 or 50500, while moving above it would gradually push it towards 51750 or 52000." As the week progresses, investors remain cautiously optimistic, balancing global uncertainties with domestic opportunities, keeping a watchful eye on technical patterns and institutional activity to navigate the volatile market landscape. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/akme-fintrade-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/111218502.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/akme-fintrade-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/111218502.cms" target="_blank">Akme Fintrade IPO allotment – How to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/tech/mobile/webstories/realme-gt-6-vs-xiaomi-14-civi-which-smartphone-should-you-buy-under-50000/slidelist/111157835.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/realme-gt-6-vs-xiaomi-14-civi-which-smartphone-should-you-buy-under-50000/slidelist/111157835.cms" target="_blank">Realme GT 6 vs Xiaomi 14 CIVI – Which smartphone should you buy under ₹50,000?</a><a href="https://www.businessinsider.in/stock-market/webstories/stanley-lifestyles-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/111134786.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/stanley-lifestyles-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/111134786.cms" target="_blank">Stanley Lifestyles IPO – Price band to risk factors, all you need to know</a>

Stock markets begin week on a cautious note with key indices slipping into red

Mumbai (Maharashtra) [India], February 28 (ANI): The stock market commenced trading on Wednesday, showing signs of stability amidst mixed signals from global markets. The benchmark indices, Sensex and <keyword id="19896381" type="General" weightage="20" keywordseo="nifty" source="keywords">Nifty</keyword>, opened with marginal gains, indicating a cautious start to the day's trading session. The Sensex began the day with a modest rise of 2.05 points, opening at 73,097.27, while the Nifty also saw a slight uptick of 3.75 points, starting at 22,202.10. Among the Nifty-listed companies, there were 26 advances and 23 declines, reflecting a balanced market sentiment at the opening bell. <keyword id="20756798" type="General" weightage="20" keywordseo="tata-consumer-services" source="keywords">Tata Consumer Services</keyword>, <keyword id="19906967" type="General" weightage="20" keywordseo="tata-motors" source="keywords">Tata Motors</keyword>, Bharti Airtel, SBI, and HDFC Life emerged as the top gainers, driving the positive momentum in early trading. Conversely, Apollo Hospital, Asian Paints, M&amp;M, BPCL, and <keyword id="19945574" type="General" weightage="20" keywordseo="wipro" source="keywords">Wipro</keyword> were among the top losers during the initial hours of trading. The GIFT Nifty suggested a flat to slightly positive opening, with the index hovering around the 22,222.50 level, compared to the previous Nifty futures close of 22,196. Varun Aggarwal, founder and managing director, Profit Idea said, "Tuesday's trading session witnessed a rebound in Indian indices following a two-day correction. The Sensex surged by 305.09 points to close at 73,095.22, while the Nifty 50 settled 76.30 points higher at 22,198.35. Notably, the Nifty 50 chart displayed a bullish engulfing pattern on the daily chart, indicating a potential bullish momentum. However, analysts remain cautious, citing the pattern's placement lacking conviction for significant bullish reversal". He added, "Technical analysis suggests that the Nifty's near-term uptrend remains positive, with support levels observed at 22,000 - 21,950 and resistance at 22,300". The market exhibited sustainable upside momentum on February 27, supported by bullish indicators and staying above the near-term moving average. In global markets, Asian stocks treaded cautiously on Wednesday ahead of a crucial U.S. inflation reading that could influence the Federal Reserve's monetary policy trajectory. Wall Street witnessed heightened bond sales activity in anticipation of key economic data releases. Australian equities saw marginal gains, while Hong Kong and Tokyo futures indicated slight movements. Investors are navigating uncertainties surrounding the extent of Federal Reserve rate cuts, with expectations tempered to around 75 basis points for 2024. Traders are exercising caution ahead of Thursday's inflation data release and a series of central bank speeches. The G-20 finance chiefs highlighted the global economy's potential for a soft landing, citing faster-than-expected disinflation as an upside risk. Fed Governor <keyword id="20756797" type="General" weightage="20" keywordseo="michelle-bowman" source="keywords">Michelle Bowman</keyword> reiterated expectations of further decline in inflation, advocating for maintaining current interest rates, but signaled prudence regarding rate adjustments. As the trading day progresses, market participants will closely monitor global developments and economic data releases for further cues on market direction and sentiment. (ANI)

Stock market indices kick off trading day with stability, witnessing a mix of gains and losses

Mumbai, Benchmark <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword> spurted by 349 points while <keyword id="19896381" type="General" weightage="20" keywordseo="nifty" source="keywords">Nifty</keyword> scaled a fresh lifetime high on the sixth straight day of gains on Tuesday, driven by buying in banking and select FMCG shares. The 30-share BSE Sensex reversed its early losses and closed higher by 349.24 points or 0.48 per cent at 73,057.40 in a volatile trade. As many as 18 Sensex shares closed in the green while 12 settled in the red. The broader Nifty of the NSE rose further by 74.70 points or 0.34 per cent to close at a new record level of 22,196.95. Intra-day, the 50-share index touched lifetime high of 22,215.60. The key indices opened lower but renewed buying in private lenders helped the barometers reverse losses and closed in the green for the sixth consecutive session. In six days, Nifty jumped 580 points while Sensex rallied 1,984 points. "Amidst market volatility, the domestic market is once again poised to approach record highs. The latest upward trajectory is bolstered by gains in the banking sector, with private banks witnessing a rebound from a recent sharp correction," <keyword id="19969359" type="General" weightage="20" keywordseo="vinod-nair" source="keywords">Vinod Nair</keyword>, Head of Research, Geojit Financial Services, said. Among Sensex gainers, Power Grid jumped the most by 4.16 per cent after its board approved an investment of Rs 656 crore in transmission projects. Private lenders HDFC Bank, Axis Bank, Kotak Bank, IndusInd Bank and ICICI Bank were also among lead gainers. NTPC, Nestle and Hindustan Unilever also ended the session with gains. IT pack continued to decline with <keyword id="19950203" type="General" weightage="20" keywordseo="tcs" source="keywords">TCS</keyword> being the biggest loser among Sensex shares, dropping by 1.75 per cent. HCLTech, Infosys and <keyword id="19945574" type="General" weightage="20" keywordseo="wipro" source="keywords">Wipro</keyword> also declined. Asian shares traded mixed on Tuesday. Hong Kong's Hang Seng gained 0.2 per cent while the Shanghai Composite rose 0.4 per cent. Japan's benchmark Nikkei 225 closed 0.1 per cent lower. Foreign Portfolio Investors (FPIs) were net sellers as they offloaded shares worth Rs 754.59 crore, according to exchange data.

Stock markets extend winning run to sixth day, Nifty scales fresh lifetime high

Mumbai (Maharashtra) [India], July 11 (ANI): The earnings result season for Q1 (April-June) 2024 has commenced with major companies set to report their performance on Thursday in the Indian <keyword id="19925636" type="General" weightage="20" keywordseo="stock-market" source="keywords">stock market</keyword>, marking a significant period for investors and analysts. According to the <keyword id="19911480" type="General" weightage="20" keywordseo="bombay-stock-exchange" source="keywords">Bombay Stock Exchange</keyword> (BSE), major <keyword id="20062339" type="General" weightage="20" keywordseo="IT-companies" source="keywords">IT companies</keyword> in the country will report their <keyword id="20164830" type="General" weightage="20" keywordseo="financial-results" source="keywords">financial results</keyword> for the first quarter of 2024 this week. Among the notable names, Tata Consultancy Services (<keyword id="19950203" type="General" weightage="20" keywordseo="TCS" source="keywords">TCS</keyword>) is set to announce its first-quarter performance results on Thursday. In its previous earnings announcement, TCS reported a 9 per cent rise in net profit for the fourth quarter of FY24, achieving Rs 12,434 crore compared to Rs 11,392 crore in Q4 of FY23. This substantial growth has heightened expectations for the company's first-quarter performance. Thursday also marks the earnings announcement for Anand Rathi, a financial services firm. The firm's results will be closely monitored by market participants, given its significant influence in the financial sector. The company's performance will provide valuable insights into the broader financial services landscape and help gauge the health of the sector in the current economic environment. Following TCS, other IT giants are scheduled to announce their results in the coming days. HCL Technologies will release its earnings on Friday, July 12th. LtiMindtree is slated to announce its <keyword id="21174432" type="General" weightage="20" keywordseo="Q1-2024" source="keywords">Q1 2024</keyword> results on July 17th. Infosys will reveal its numbers on July 18th, while Wipro is set to report its first-quarter performance on July 19th. Additionally, Tech Mahindra is expected to announce its Q1 results on July 26th. These announcements are highly anticipated as they will provide a comprehensive overview of the financial health and operational performance of these leading companies. The <keyword id="20034955" type="General" weightage="100" keywordseo="earnings-season" source="keywords">earnings season</keyword> is a crucial period for the stock market, offering insights into the performance and future prospects of listed companies. The results announced by these companies will not only influence their stock prices but also set the tone for the market's direction in the near term. Investors and analysts will closely analyze various metrics, including revenue growth, profit margins, and future guidance, to make informed decisions. As the earnings reports start rolling in, market sentiment will be shaped by the performance of the key players.

As earnings season begins, major companies' performance reports to decide market movement in coming days

After experiencing significant fluctuations throughout the <keyword id="20071759" type="General" weightage="20" keywordseo="trading-session" source="keywords">trading session</keyword>, the <keyword id="19932512" type="General" weightage="100" keywordseo="Indian-stock-market" source="keywords">Indian stock market</keyword> closed in negative territory on Tuesday. The <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> finished 34.73 points lower, settling at 79,441.45, while the <keyword id="19950205" type="General" weightage="20" keywordseo="NSE-Nifty" source="keywords">NSE Nifty</keyword> declined by 18.10 points to close at 24,123.85. The day began on a promising note as both <keyword id="20275413" type="General" weightage="20" keywordseo="benchmark-indices" source="keywords">benchmark indices</keyword> opened at record highs. The <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> hit an intraday peak of 79,856, and the Nifty soared to a high of 24,236. The performance of various sectors was mixed throughout the day. Notably, <keyword id="19933337" type="General" weightage="20" keywordseo="Nifty-IT" source="keywords">Nifty IT</keyword>, Nifty Realty, Nifty Oil and Gas, and Nifty PSU Bank sectors saw gains. Nifty IT stood out as the top performer, rising over 1 per cent during the session. In contrast, Nifty Healthcare and Nifty Auto sectors closed in the red. In terms of market breadth within the Nifty companies, there were 21 advances and 28 declines. Top gainers included LT, Wipro, Infosys, Tata Consumer Products, and HDFC Bank. Conversely, the top losers were Nifty Sriram Finance, Kotak Bank, Bharti Airtel, Tata Motors, and IndusInd Bank. The broader market indices also reflected a mixed sentiment. The BSE MidCap index fell by 0.8 per cent, and the SmallCap index slipped by 0.1 per cent. Despite the overall negative trend, specific sectors such as Sugar Stocks and Paper Stocks managed to end the day on a positive note. Varun Aggarwal, founder and managing director of Profit Idea, said, "The global markets presented a mixed picture. Chinese stocks closed lower, while shares in Hong Kong saw an upward trend. <keyword id="20030258" type="General" weightage="20" keywordseo="investor-sentiment" source="keywords">Investor sentiment</keyword> globally was influenced by concerns over economic recovery prospects and upcoming policy signals." Gold prices weakened on Tuesday due to a stronger US dollar. Investors are now keenly awaiting comments from Federal Reserve Chair Jerome Powell and key jobs data, which are expected to provide insights into future interest rate decisions. Tuesday's trading session highlighted the market's sensitivity to various economic and sectoral factors, both domestically and internationally. As investors navigate through these fluctuations, the focus will likely remain on broader economic indicators and <keyword id="21410291" type="General" weightage="20" keywordseo="global-market-trends" source="keywords">global market trends</keyword>.

Stock market closes in red amid intraday volatility

New Delhi, <keyword id="198245" type="General" weightage="20" keywordseo="wipro-consumer" source="Orion">Wipro Consumer</keyword> Care and Lighting on Tuesday announced the acquisition of three soap brands, Jo, Doy, and Bacter Shield, from VVF (India) Ltd for an undisclosed amount, a move that will help the company expand in the personal wash segment. This is the third acquisition by <keyword id="10862" type="General" weightage="20" keywordseo="wipro" source="Orion">Wipro</keyword> Consumer Care and Lighting, part of Azim Premji-led Wipro Enterprises, within the last 12 months and the 15th acquisition so far, as it is aggressively expanding its portfolio. "The acquisition will be a strategic expansion for Wipro in the personal wash segment," said a statement from Wipro Consumer, which is among the leading players in the segment with sandalwood soap brand Santoor and female toiletries brand Enchanteur. Jo toilet soap has a presence in North, East and West markets, Doy operates in the premium segment with differentiated positioning, and Bacter Shield has an antibacterial range of soaps and handwash. "These brands together recorded a revenue of over Rs 210 crore during FY23," it said. In FY23, Wipro's Santoor had become the second largest player in the segment in India with sales of over Rs 2,650 crore while Enchanteur has also crossed the 1,000 crore mark. Earlier, Wipro Consumer Care, which has ambitions to become a formidable player in the fast-growing Indian food market, had acquired Nirapara and Brahmins. Vineet Agrawal, CEO of Wipro Consumer Care and Lighting, said these brands complement the existing portfolio and will give a stronger foothold in the key markets. "With a diverse array of brands and Wipro's robust distribution network, we are positioned to fortify our market presence and propel growth," said Agrawal, who is also Managing Director of Wipro Enterprises. "The divestment of Jo, Doy, and Bacter Shield to Wipro aligns with our focus on optimising our portfolio and underscores our confidence in Wipro's ability to nurture and elevate these brands," VVF (India) (Earlier known as Vegetable Vitamins Foods Co) Chairman and Managing Director Rustom Godrej Joshi said. Wipro Consumer Care and Lighting has crossed the milestone of Rs 10,000 crore in overall sales in FY23.

Wipro Consumer acquires 3 soap brands Jo, Doy and Bacter Shield from VVF

<keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> scaled the 76,000 level for the first time while <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> hit a new lifetime peak before closing marginally down on Monday as investors booked profits at record levels amid high volatility ahead of the results of <keyword id="19912155" type="General" weightage="20" keywordseo="Lok-Sabha-polls" source="keywords">Lok Sabha polls</keyword>. The 30-share <keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords" meta.keywordsubtype="org" meta.entityname="BSE" meta.hostid="261" meta.entityid="BSE">BSE</keyword> Sensex closed lower by 19.89 points or 0.03 per cent lower at 75,390.50. Intra-day, the barometer climbed 599.29 points or 0.79 per cent to an all-time peak of 76,009.68 following gains in select banking, financial and IT shares. However, investors preferred to book profits at record levels and the index declined around 835 points from the day's high to hit a low of 75,175.27. Broader Nifty of the <keyword id="6354646" type="General" weightage="20" keywordseo="NSE" source="Orion">NSE</keyword> declined by 24.65 points or 0.11 per cent, to end at 22,932.45. The 50-issue barometer rose by 153.7 points or 0.66 per cent to hit a new lifetime high of 23,110.80 during the day. However, it tanked around 240 points at the fag-end due to selling in oil, energy and FMCG shares. Index heavyweight Reliance Industries declined nearly 1 per cent, dragging the benchmark indices into the negative. Selling in FMCG giant ITC also eroded gains. Equity benchmarks were on a record-breaking rally for the third straight day ahead of the results of Lok Sabha polls and a rally in global markers. The results of the ongoing general elections will be declared on June 4. Sensex breached the historic 75,000-mark for the first time on April 9. It took 31 trading sessions for the benchmark to climb 1,000 points to reach the 76,000-mark on Monday. The BSE benchmark took 21 trading sessions to reach 75,000-mark on April 9 after hitting the 74,000-level on March 6. From the Sensex pack, Wipro, NTPC, Sun Pharma, Mahindra &amp; Mahindra, ITC and Reliance Industries were among the biggest laggards. IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Bank, Larsen &amp; Toubro and State Bank of India were among the major gainers. "The bulls are facing stiff resistance at 23,000 levels as investors start booking profit at higher levels to avoid any knee-jerk reaction in the market ahead of the election result. Better earnings growth, the expectation of a revival in private capex, and a moderation in FIIs selling intensity are the key positive triggers in the market," Vinod Nair, Head of Research, Geojit Financial Services, said. "Nifty ended almost flat in a volatile session after hitting record highs in the early part of the session," said Deepak Jasani, Head of Retail Research, HDFC Securities. Ajit Mishra - SVP, Research, Religare Broking Ltd said that the tone was positive in the first half, but profit-taking in heavyweights in the second half erased all the gains. In the broader market, the BSE midcap gauge climbed 0.63 per cent while smallcap index dipped 0.09 per cent. Among the indices, oil and gas declined 0.71 per cent. Commodities (0.61 per cent), power (0.49 per cent), utilities (0.37 per cent) and consumer discretionary (0.15 per cent) also dropped. Financial Services, industrials, IT, bankex, realty and services were among the gainers. Analysts said that the presence of resistance around the 23,100 level in the Nifty, along with a rise in the volatility index, India VIX, limited the upside. India VIX, which measures market volatility surged nearly 7 per cent to 23.13 points. "Nifty remained mostly volatile during the day as India awaits the final phase of the general election (on June 1)," Rupak De, Senior Technical Analyst, LKP Securities said. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. European markets were also quoting in the green. Wall Street ended with gains on Friday. Global oil benchmark Brent crude climbed 0.38 per cent to USD 82.44 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 944.83 crore on Friday, according to exchange data. On Friday, the BSE benchmark dipped 7.65 points or 0.01 per cent to settle at 75,410.39. The Nifty breached the 23,000 mark for the first time on Friday. It, however, pared all the gains and ended with a marginal decline of 10.55 points or 0.05 per cent at 22,957.10.

Sensex scales 76,000 peak, Nifty hits new high before closing lower; IndusInd, L&T, SBI biggest gainers

Mumbai, Benchmark equity indices fell on Tuesday as investors turned cautious ahead of the key events -- RBI's monetary policy and the US inflation data -- due to be announced later this week. Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets. The 30-share BSE Sensex fell 106.98 points or 0.16 per cent to settle at 65,846.50. During the day, it declined 200.85 points or 0.30 per cent to 65,752.63. The NSE Nifty slipped 26.45 points or 0.13 per cent to end at 19,570.85. Amid expectations of another status quo on the key interest rates, RBI Governor Shaktikanta Das-headed high-powered rate-setting panel MPC on Tuesday began its three-day meeting to firm up the next bi-monthly policy. The decision of the <keyword id="6375120" type="General" weightage="50" keywordseo="monetary-policy-committee" source="Orion">Monetary Policy Committee</keyword> (MPC) would be announced on Thursday, August 10, by Governor Das. From the Sensex pack, Power Grid, Mahindra &amp; Mahindra, JSW Steel, HCL Technologies, <keyword id="44642" type="General" weightage="50" keywordseo="sun-pharma" source="Orion">Sun Pharma</keyword>, Nestle, IndusInd Bank, Reliance Industries, Bharti Airtel and ITC were the major laggards. <keyword id="43217" type="General" weightage="50" keywordseo="tech-mahindra" source="Orion">Tech Mahindra</keyword>, <keyword id="18324146" type="General" weightage="20" keywordseo="wipro-bajaj-finance" source="Orion">Wipro, Bajaj Finance</keyword>, State Bank of India, Bajaj Finserv, Axis Bank, Titan and ICICI Bank were among the major gainers. In Asian markets, Seoul, Shanghai and Hong Kong settled lower while Tokyo ended in the green. European markets were quoting in the negative territory. The US markets ended in the positive territory on Monday. Global oil benchmark Brent crude fell 1.38 per cent to USD 84.16 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,892.77 crore on Monday, according to exchange data. "While global cues will continue to dictate trends, investors would be watchful of the two key catalysts - RBI's monetary policy and US inflation data on Thursday," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. The BSE benchmark had climbed 232.23 points or 0.35 per cent to settle at 65,953.48 on Monday. The Nifty advanced 80.30 points or 0.41 per cent to end at 19,597.30.

Markets fall as investors turn cautious ahead of RBI monetary policy review, US inflation data later this week

Both indices, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword>, opened the day in red. As of 9:30 am, Nifty was down by 0.27%, trading at 24,546.35 points, while Sensex was down by 0.30%, trading at 80,475.63 points. All broad market indices opened the day in red except for India VIX which climbed up by 2.61%. Only Nifty IT opened the day in green with marginal gains of 0.29%, while media slipped by over 2% in early morning trade. In early morning trade, LTI Mindtree, Axis Bank, <keyword id="6354512" type="General" weightage="20" keywordseo="Infosys" source="Orion">Infosys</keyword>, Wipro and Tech Mahindra gained significant ground, while Bajaj Auto, Asian Paints, Eicher Motors, Hero Moto Corp and Cipla were amidst the leading laggards. Asian Paints declared its Q1FY25 results yesterday, which saw its quarterly net profit take a hit of about 25% to stand at Rs 1,170 crore. Infosys, Persistent Systems and <keyword id="20130840" type="General" weightage="20" keywordseo="polycab-india" source="keywords">Polycab India</keyword> will be declaring their Q1 FY25 results during the day. Sameet Chavan, Head Research, Technical and Derivatives at Angel One, notes that there have been no significant developments in the benchmark index, indicating a lack of substantial price movement. Specifically, the price structure has remained stagnant within a narrow range. The Nifty's trading range has notably shrunk to 80 points, making it more challenging for traders to navigate. However, despite this, the broader markets have continued to see active participation, which has contributed to maintaining a positive undertone for market participants. The support zone for Nifty is at 24,500–24,400, which is expected to see buyers stepping in when there are dips. However, it's not entirely clear if the trend will continue at higher levels, he added. "Currently, market participants are closely monitoring sectoral rotation and <keyword id="22454094" type="General" weightage="20" keywordseo="thematic-movers" source="keywords">thematic movers</keyword>, which are playing a pivotal role in driving market trends. It is advisable to continue observing and analyzing these movements until the key indices show a resurgence in momentum. Furthermore, it is essential to maintain a keen watch on global developments following the mid-week holiday, as these factors could significantly influence and establish the initial market sentiment," Chavan noted. Mr. Aditya Gaggar, Director of Progressive Shares, notes that after oscillating in a tight range, the index settled on July 16th, trading marginally higher at 24,613. Back-to-back DOJI candles at record levels indicate rejection at the higher levels; however, with each passing day, the support level is shifted higher, and now the immediate support is placed at 24,500. "An early indication from GIFT Nifty suggests a muted opening of the Indian equities, and we believe that the rangebound activity will continue. The same view holds for BankNifty. By registering a new high daily, the FMCG segment is performing as per our expectations, and we continue to maintain a positive stance. In the energy space, gas stocks are likely to extend their positive momentum (IGL and Petronet). After a day of correction, the IT sector resumed its uptrend. We are overweight in the sector (Tech Mahindra). Bearish divergence in the pharmaceutical sector indicates a temporary pause in its uptrend", he said.

Stock market today: Sensex, Nifty open in red, media slips by 2% as IT manages marginal lead

As the results season kicks in, the <keyword id="20097634" type="General" weightage="20" keywordseo="quarterly-earnings" source="keywords">quarterly earnings</keyword> numbers of several <keyword id="22405488" type="General" weightage="20" keywordseo="blue-chip-firms" source="keywords">blue-chip firms</keyword> — such as <keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> and Reliance Industries — along with <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="20223116" type="General" weightage="100" keywordseo="trading-activity" source="keywords">trading activity</keyword> of foreign investors, will determine <keyword id="22405487" type="General" weightage="20" keywordseo="equity-market-movement" source="keywords">equity market movement</keyword> in the holiday-shortened week ahead, according to analysts. The domestic <keyword id="22405489" type="General" weightage="20" keywordseo="WPI-inflation-data" source="keywords">WPI inflation data</keyword> for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, <keyword id="22194639" type="General" weightage="20" keywordseo="pre-Budget-discussions" source="keywords">pre-Budget discussions</keyword> are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The country is scheduled to announce its GDP and Industrial Production (IIP) numbers, Meena said. "Other global factors to watch include the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan," he added. Meanwhile, IT services company HCL Tech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. "On Monday, markets will react to India's inflation data. Key results this week include Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm, etc. Also globally, investors will take cues from China's GDP numbers, US core retail sales data, and ECB (European Central Bank) interest rate decision," Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, said. Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables, became dearer, according to government data released on Friday. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect stock-specific moves to gain traction due to the ongoing earnings season; indeed, IT will be in the limelight due to the good start to the earnings and outlook." In the week ahead, economic data like China GDP, EuroZone CPI inflation, ECB policy, and the US Fed chair speech will be watched by investors to get cues on market momentum, Nair added. On a weekly basis, the BSE benchmark jumped 522.74 points, or 0.65 per cent, while the Nifty climbed 178.3 points, or 0.73 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77 per cent, to settle at a record closing high of 24,502.15. Intra-day, it jumped 276.25 points, or 1.13 per cent, to hit a new lifetime peak of 24,592.20.

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

Mumbai (Maharashtra) [India], February 19 (ANI): Stock indices opened on a positive note in the start of the trading week, indicating a surge towards the positive trajectory. The Sensex opened 73.11 points up at 72,517.06, while the <keyword id="19896381" type="General" weightage="20" keywordseo="nifty" source="keywords">Nifty</keyword> began 42.50 points higher at 22,082.55. Among the Nifty companies, 38 witnessed advances while 11 experienced declines in the opening session. The opening session saw notable performances from several companies. Wipro, SBO Life, M&amp;M, AdPorts, and Baja-Auto emerged as the top gainers, showcasing strong upward momentum. On the other hand, <keyword id="19950209" type="General" weightage="20" keywordseo="power-grid" source="keywords">Power Grid</keyword>, Britannia, SBI, <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword>, and NTPC faced losses, positioning them as the top losers in the initial trading hours. The domestic equity indices are anticipated to embark on a cautiously optimistic trajectory, influenced by mixed signals from global markets. Last week, Asian markets demonstrated a mixed performance, while US stocks closed lower amidst fading expectations for immediate interest rate cuts by the <keyword id="19901377" type="General" weightage="20" keywordseo="us-federal-reserve" source="keywords">US Federal Reserve</keyword>. Investors are closely monitoring various market catalysts, including domestic macroeconomic data, US Fed minutes meeting, crude oil prices, foreign capital inflows, and global market trends. <keyword id="19978188" type="General" weightage="20" keywordseo="varun-aggarwal" source="keywords">Varun Aggarwal</keyword>, founder and managing director, Profit Idea, said, "Indian markets have exhibited resilience amid volatility, extending gains for the fourth consecutive session. The Sensex climbed 376.26 points to close at 72,426.64, while the Nifty 50 rose 129.95 points to settle at 22,040.70. The positive momentum was driven by a favorable Q3 earnings season, with the Nifty surpassing estimates with a 17 per cent YoY PAT growth, surpassing projections of +11 per cent". In the US, producer prices surged more than anticipated in January, primarily fuelled by robust increases in service costs, sparking concerns in financial markets about a potential acceleration in inflation. Aggarwal said, "Asian shares commenced trading with a mixed tone following Wall Street's downturn amid indications of stickier-than-expected US inflation. Chinese stocks are expected to open strongly after a week-long holiday, while Japanese equities witnessed fluctuations". Technically, the Nifty-50 closed above the crucial 22,000 level, encountering potential resistance near its all-time high, while hourly support is expected around 21,900 levels. Key technical indicators suggest an overbought scenario on hourly charts, indicating a likelihood of consolidation from current levels. Notably, the highest call Open Interest (OI) is observed at the 22,400 strike, while the highest put OI has shifted higher to 21,900 for the weekly expiry. The opening session reflects investor sentiment characterized by cautious optimism amid global market dynamics and ongoing economic developments. As trading progresses, market participants will closely monitor key indicators and news flows to navigate market volatility and capitalize on emerging opportunities. (ANI)

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