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Market Commentary

On a sectoral front, the Nifty PSU bank index gained about 2 per cent, while the Nifty auto, metal, realty and oil & gas indices gained more than a per cent each.
Updated : Sep 14, 2023

Sensex, Nifty settle at record highs; DCW & Kalyani Steel jump 15%

BSE Sensex posted mild gains of 52.01 points, or 0.08 per cent, to settle at 67,519, while NSE's Nifty50 added 33.10 points, or 0.16 per cent, to end at 20,103.10 for the day.

All 15 sector gauges -- compiled by the NSE -- were trading in the green.
Updated : Sep 14, 2023

Market at all-time high: Sensex rises over 300 points to trade above 67,750, Nifty tops 20,150; Bombay Dyeing zooms 20%

The 30-share BSE Sensex pack surged 304 points or 0.44 per cent to hit an all-time high of 67,771, while the NSE Nifty moved 97 points or 0.47 per cent up to scale a fresh peak of 20,168. Broader market (mid- and small-cap) shares were positive as Nifty Midcap 100 climbed 0.91 per cent and small-cap gained 1.23 per cent.

A Nifty fall below 19,900 could unsettle put writers, triggering market correction. On the upside, the 20,100-20,150 range is poised to act as resistance, said an analyst.
Updated : Sep 14, 2023

GIFT Nifty up 33 points: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 33 points, or 0.16 per cent, higher at 20,179, hinting at a positive start for the domestic market on Thursday.

 In the Nifty50 pack, Coal India and Grasim Industries surged more 3 per cent each, while Tata Consumer Products and Bharti Airtel posted similar gains.
Updated : Sep 13, 2023

Nifty settles at record high, Sensex adds 246 points; IB Housing, GMDC jump up to 12%

BSE's barometer Sensex gained 245.86 points, or 0.37 per cent, to settle at 67,466.99, while NSE's Nifty50 gained 76.80 points, or 0.38 per cent, to end at 20,070 for the day.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the red.
Updated : Sep 13, 2023

Sensex falls over 150 points, Nifty tests 19,950; Titagarh Rail down 6%; IOL Chemicals jumps 11%

The domestic indices were dragged by banks, financials, automobile, metals, technology and consumer durable stocks. The 30-share BSE Sensex slipped 159 points or 0.24 per cent to trade at 67,062, while the NSE Nifty was down 36 points or 0.18 per cent to trade at 19,957.

Nifty formed a long bearish candle on the daily chart after making an all-time high of 20,110 level.  It closed near the previous session's close..
Updated : Sep 13, 2023

GIFT Nifty up 44 points: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 43.50 points, or 0.22 per cent, higher at 20,073.50, hinting at a positive start for the domestic market on Wednesday.

 In the Nifty50 pack, Tata Consultancy Services surged about 3 per cent, while Larsen & Toubro and Infosys gained about 2 per cent each.
Updated : Sep 12, 2023

Sensex up 94 points, Nifty settles below 20k; TCS, Infosys rise up to 3%; BPCL & NPTC falls 4%

BSE's barometer Sensex gained 94.05 points, or 0.14 per cent, to settle at 67,221.13, while NSE's Nifty50 shed 3.15 points, or 0.02 per cent, to end at 19,993.20 for the day.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the red.
Updated : Sep 12, 2023

Sensex falls over 100 points, Nifty slips from all-time high; MMTC, IRB Infra down up to 9%; ITI jumps 12%

The domestic indices were dragged by metals, state-owned banks, consumer, automobile and energy stocks. The 30-share BSE Sensex slipped 105 points or 0.16 per cent to trade at 67,021, while the NSE Nifty was down 55 points or 0.28 per cent to trade at 19,941 after scaling an all-time high of 20,110.

The positive Nifty momentum may continue, said a technical analyst who sees Nifty targeting 21,000 level in the short term.
Updated : Sep 12, 2023

GIFT Nifty up 12 points: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 11.50 points, or 0.06 per cent, higher at 20,129.50 hinting at a positive start for the domestic market on Tuesday.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green.
Updated : Sep 11, 2023

Sensex rises over 250 points, Nifty tops 19,900; IRCON, IRFC jump up to 14%; Coffee Day dives 17%

The 30-share BSE Sensex pack rose 265 points or 0.40 per cent to trade at 66,864, while the NSE Nifty moved 87 points or 0.44 per cent up to trade at 19,907. Broader market (mid- and small-cap) shares were positive as Nifty Midcap 100 climbed 0.64 per cent and small-cap gained 1.29 per cent.

 Nifty faces a minor hurdle at 19,870 level. A strong breakout above the level may result in Nifty breaching its all-time high of 19,992, said an analyst.
Updated : Sep 11, 2023

GIFT Nifty down 16 points: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 16 points, or 0.08 per cent, lower at 19,922, hinting at a negative start for the domestic market on Monday.

For the trend following traders, 19,700-19,650 would be the key support levels and above the same it could rally till 19,900 and further upside may lift the market till 20,000, said an analyst.
Updated : Sep 08, 2023

Sensex, Nifty extend gains for 6th day; Bombay Burmah Trading, Landmark, PFC jump up to 15%

BSE Sensex jumped 333.35 points, or 0.50 per cent, to settle at 66,598.91, while NSE's Nifty50 gained 92.90 points, or 0.47 per cent, to close at 19,819.95 for the day.

Nuvama said outflows will be seen in Bajaj Finserv ($29 million) Infosys ($22 million) and Reliance Industries ($13 million).  Here’s the complete table:
Updated : Sep 08, 2023

Sensex, FTSE rejig on Sept 15: HDFC Bank shares may see $600 million inflows, says Nuvama

Nuvama said FTSE will be adding HDFC Bank in three tranches, with each quarter witnessing around $500 million of inflow. Sensex (quarterly rejig) weight up will result to $102 million into the stock, it noted.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the green.
Updated : Sep 08, 2023

Sensex rises over 200 points, Nifty tops 19,750; GTL Infra, Mazagon Dock, Cochin Shipyard zoom up to 20%

The 30-share BSE Sensex pack rose 221 points or 0.33 per cent to trade at 66,487, while the NSE Nifty moved 61 points or 0.31 per cent up to trade at 19,788. Broader market (mid- and small-cap) shares were positive as Nifty Midcap 100 climbed 0.51 per cent and small-cap gained 0.68 per cent.

Nifty could rise to 20,000-20,200 levels over the next couple of weeks. Any dip towards 19,550-19,600 levels could be a buy opportunity, said an analyst.
Updated : Sep 08, 2023

GIFT Nifty up 25 points: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 24.50 points, or 0.12 per cent, higher at 19,792, hinting at a positive start for the domestic market on Friday.

 With a 13.5 per cent share of the market capitalisation, PSU companies have seen a robust jump from just over 9 per cent in 2021, said S Ranganathan, Head of Research at LKP securities.
Updated : Sep 07, 2023

Sensex jumps 385 points to regain 66k, Nifty settles above 19,700; J&K Bank, Coal India surge up to 13%

Sensex surged more 385.04 points, or 0.58 per cent, to settle at 66,265.56, while NSE's Nifty gained 116 points, or 0.59 per cent, to close at 19,727.05.

Seven out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the red.
Updated : Sep 07, 2023

Sensex falls over 150 points, Nifty tests 19,550; Bajaj Hindusthan, Tata Consumer down up to 3%; Cochin Shipyard jumps 15%

The 30-share BSE Sensex slipped 185 points or 0.28 per cent to trade at 65,695, while the NSE Nifty was down 57 points or 0.29 per cent to trade at 19,554. Despite weakness in the headline indices, broader markets (mid- and small-cap shares) were positive as Nifty Midcap 100 rose 0.31 per cent and small-cap climbed 0.40 per cent.

The overall Nifty trend is positive. Any dip is likely to be bought into, said an technical analyst, who sees upside target of 19,650-19,700 for the index in the short term.
Updated : Sep 07, 2023

GIFT Nifty up 1 point: Asian markets, crude oil prices, dollar movement & more

Nifty futures on the NSE International Exchange traded 1 points, or 0.01 per cent, higher at 19,626, hinting at a flattish start for the domestic market on Thursday.

What G20 means for Bharat and equity markets? Analysts suggest watching these sectors and stocks
Updated : Sep 06, 2023

What G20 means for Bharat and equity markets? Analysts suggest watching these sectors and stocks

They say businesses’ trust in the Indian capital markets will grow as global economic events are being held in India

Sebi keen to introduce fractional ownership in India
Updated : Sep 06, 2023

Sebi keen to introduce fractional ownership in India

The concept is already permitted in the US and many Indian investors have bought fractional shares of popular companies like Apple, Meta and Alphabet

Seven out of the 15 sector gauges -- compiled by the National Stock Exchange -- were trading in the red.
Updated : Sep 06, 2023

Sensex, Nifty edge lower in early trade; Himadri Speciality Chemical, IRFC, RVNL down up to 9%

The 30-share BSE Sensex slipped 20 points or 0.03 per cent to trade at 65,760, while the broader NSE Nifty was down 8 points or 0.04 per cent to trade at 19,567. Mid- and small-cap shares were mixed as Nifty Midcap 100 shed 0.06 per cent and small-cap rose 0.13 per cent.