In the current session, Sensex gained 10 pts to 74,612 and Nifty slipped 2.5 pts to 22,545. Nifty closed at a nine-month low today, its lowest level since the close of 21,884 on June 4. The benchmark Nifty50 closed lower for the seventh straight session on Thursday, dimming hopes of a recovery led…
DetailsThe monthly options data indicated that the Nifty 50 is likely to face resistance at 22,700 and see support at 22,500 in the upcoming monthly F&O expiry session scheduled on February 27. The Nifty 50 closed flat with a negative bias after rangebound trading on February 25. The index continued its downward move for the…
DetailsThere is ‘meaningful upside’ in Indian equities amid ‘less demanding’ valuations, Citi said in a note. Citi upgrades India to ‘Overweight,’ sees Nifty hitting 26,000 by year-end Citi has upgraded India to ‘Overweight’ from ‘Neutral’ in its latest research report, citing attractive valuations, improving consumption trends amid tax cuts and potential 50 bps rate cut.…
DetailsNSDL and CDSL, in partnership with SEBI, have introduced the Unified Investor Platform mobile app for investors to effectively oversee their portfolios in the capital markets. The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), in collaboration with the Securities and Exchange Board of India (SEBI), have launched the Unified Investor…
DetailsThe BSE Sensex stood at 75,352.10, down 383.86 points or 0.51 per cent. Nifty fell 118 points or 0.51 per cent to 22,795.25. Benchmark stock indices Sensex and Nifty fell in Friday’s trade, in line with the selloff in US stocks overnight. The slide in US equity benchmarks was triggered by data showing a surprise…
DetailsConcerns over sluggish earnings growth, premium valuations, and uncertainty surrounding U.S. trade policies fueled the sell-off. India’s benchmark indices, Sensex and Nifty, ended marginally lower for the third session on February 20, dragged lower by financial stocks as global trade tensions weighed on investor sentiment. Concerns over sluggish earnings growth, premium valuations, and uncertainty…
DetailsGains in heavyweight financials offset losses in pharma stocks, which fell after U.S. President Donald Trump’s tariff threats. While the pharma tariffs could impact sentiment in the short to medium term, analysts believe the effect may not be long-lasting. Sensex and Nifty ended flat for the third session in a row ahead of the FOMC meeting…
DetailsMarket crash: Sensex ended 29 pts lower at 75,967 and Nifty closed 14.20 pts lower at 22,945 on Tuesday. The minor correction in the current session comes after a day of gains preceded by eight sessions of losses. The ongoing correction dragged the market cap of BSE-listed firms below Rs 4 lakh crore (on…
DetailsDomestic brokerage firms Kotak Institutional Equities do not find much value in most parts of the market despite the recent sharp correction in the market. Domestic equity markets have been witnessing relentless sell-off with benchmark indices falling nearly 12 per cent from their 52-week highs, while the broader markets indices- BSE midcap index and…
DetailsBroader indices also witnessed a similar trend wherein midcap managed to close with modest gains while smallcap closed flat. Sensex and Nifty ended their eight-day losing streak on Monday as fag-end buying helped markets recover from intraday losses, driven by value buying in blue-chip stocks. Sensex climbed 57.65 points or 0.08 percent to close at 75,996.86.…
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