Taking Stock: Markets pare gains amid profit booking; Nifty ends above 23,100, Sensex up 326 pts
Except media, private bank, realty, all other sectoral indices ended in the green with telecom, IT, metal, pharma, PSU Bank up 1-2%.
Rupee closes at record low of 93.71 against USD as Iran war risks deepen
A prolonged spike in crude prices could slow growth and stoke inflation in the world's third-biggest oil importer and consumer
Closing Bell: Nifty above 23,100, Sensex up 326 pts; IT, metal, pharma stocks rally
Except media, private bank, realty, all other sectoral indices ended in the green with telecom, IT, metal, pharma, PSU Bank up 1-2%. Nifty midcap index rose 0.6%, while smallcap index ended flat. JSW Steel, Tech Mahindra, Coal India, Tata Steel, Infosys were among the major gainers on the Nifty, while losers included Hindalco Industries, HDFC Bank, HDFC Life, Shriram Finance, ONGC.
OPINION | Rupee’s weakness is because of challenges on the balance of payments front
Capital flows are in the midst of a tough phase, which has had a knock-on effect on the composition of foreign exchange reserves. RBI may increase interest rates sooner than later to offset narrow interest rate differentials
India’s falling FX buffer prompts calls for softer rupee defence
India’s forex assets, excluding gold, are now just enough to cover for 8.7 months of imports, the lowest in three years
Taking Stock: Sensex, Nifty extend gains on 3rd day; rupee sinks to fresh low
Biggest Nifty gainers were Jio Financial, Tech Mahindra, Infosys, Eternal, M&M, while losers included Coal India, NTPC, HUL, Cipla and Sun Pharma.
Rupee sees sharp fall, crosses 92.5 for the first time, hits record low of 92.62 vs US Dollar
Brent crude oil prices have climbed about 40% since the Iran War began
Chart of the Day | Rupee stays relatively steady in a turbulent currency market
The Iran war has shaken global markets and strengthened the dollar. Yet the rupee’s fall has been milder than many of its peers
Closing Bell: Nifty holds above 23,700, Sensex jumps 633 pts; rupee weakens to record low
Except FMCG and metal, all other sectoral indices ended higher with realty, IT, auto, media, capital goods, consumer durables, telecom, infra up 1-3%. Nifty Midcap index rose 2 percent and smallcap index up 1.6%. Biggest Nifty gainers were Jio Financial, Tech Mahindra, Infosys, Eternal, M&M, while losers included Coal India, NTPC, HUL, Cipla and Sun Pharma.
Taking Stock: Markets gain for 2nd day; Nifty reclaims 23,550, Sensex surges 568 pts
Broader indices performed in line with the benchmarks, with the Nifty Midcap 100 rising 1 percent, while the Nifty Smallcap 100 added nearly 0.65 percent.
Closing Bell: Day 2 of gains pushes Nifty above 23,550, Sensex up 568 pts led by auto, metal, realty
Nifty midcap index rose 1 percent, while smallcap index added 0.65 percent. Eternal, Tata Steel, M&M, HDFC Life and Bharat Electronics were among top gainers on the Nifty, while losers were Wipro, Tata Consumer, Infosys, Cipla, ITC. Among sectors, except FMCG ( down 0.7%) and IT (down 1%), all other indices ended in the green with capital goods, telecom, auto, infra, media, metal, realty, private bank up 1-2 percent.
Taking Stock: Bulls back in action; Nifty above 23,400, Sensex up 939 pts
On the sectoral front, auto, bank, FMCG, metal up 0.3-1%, while media, oil & gas, pharma, realty, capital goods down 0.5-2.7%.
Closing Bell: Market snaps 3-day fall; Nifty above 23,400, Sensex surges 939 pts
Biggest Nifty gainers M&M, Grasim Industries, Trent, UltraTech Cement, Bajaj Finance, while losers are Bharat Electronics, Wipro, Max Healthcare, Sun Pharma, Coal India. On the sectoral front, auto, bank, FMCG up 0.5-1%, while media, oil & gas, pharma, realty, capital goods down 0.5-2%. Nifty Midcap index is trading flat, while smallcap index down 0.5%.
Prolonged Iran conflict to keep commodity markets on edge ahead of FOMC, China data
Looking ahead, markets will focus on the upcoming policy decision from the Federal Reserve, where rates are widely expected to remain unchanged but updated economic projections will be closely watched.
Geopolitical tensions rise, but why aren’t gold prices?
A combination of stronger dollar and higher inflationary environment in turn leading to probable rise in interest rates by the US Federal Reserve are hindrances for gold prices moving higher, despite the geo-political risk arising out of the war.
India’s forex pile drops as RBI bolsters rupee amid Iran war
The forex stockpile fell by $11.68 billion in the week of March 6, according to Reserve Bank of India data released Friday
Rupee hits record low as oil risks, offshore dollar bids mount
The rupee weakened to 92.4750 per dollar, eclipsing its previous all-time low of 92.3575 hit on Thursday. It closed at 92.4550, down 0.7% on the week
Taking Stock: Bears drag Nifty to 23,150, Sensex crashes 1,470 pts; auto, metal, PSU Banks worst hit
In today's fall, the market capitalisation of BSE-listed companies declined by nearly Rs 10 lakh crore to around Rs 430.18 lakh crore from Rs 440.06 lakh crore in the previous session.
Rupee falls 16 paise to 92.35 against the dollar as crude remains above $100
The rupee fell to a record low of Rs 92.37 on March 12 before paring some the its losses.
Closing Bell: Bears maul market again; Nifty slips below 23,200; Sensex tumbles 1,471 pts
Hindalco, L&T, Tata Steel, UltraTech Cement, JSW Steel were among biggest losers on the Nifty, while gainers included Tata Consumer, HUL, Bharti Airtel. All other sectoral indices ended in the red with auto, PSU Bank, metal, media, PSU Banks down 3-4%. Nifty Midcap and smallcap indices shed 2.5% each.
Taking Stock: Nifty, Sensex extend losses for second day as oil surges; rupee falls
More than 360 stocks touched their 52-week low, including Hexaware Technologies, Jubilant Foodworks, Five-Star Business, C E Info Systems, Varun Beverages, Jyothy Labs, Tata Motors Passenger Vehicles, ITC Hotels, Lemon Tree, Trent, KPIT Technologies, Jyoti CNC Auto, Swiggy, Colgate Palmolive, Cera Sanitary, Aegis Logistics, IRCTC, among others.
The Iran War and the return of strategic commodities
The war with Iran is accelerating a global shift towards strategic stockpiling of oil, metals and minerals, turning commodities into instruments of national power
Closing Bell: Market dives as crude climbs; Sensex slides 829 pts, Nifty below 23,700
Biggest Nifty losers were Eicher Motors, M&M, Maruti Suzuki, Bajaj Finance, UltraTech Cement, while gainers included Coal India, Jio Financial, Adani Enterprises, NTPC, Power Grid Corp. Among sectors, Auto index slipped more than 3%, FMCG index shed 1.7% and Private Bank index declined 1.6%, while Power index gained 2.5%, Energy index rose 2%, Oil & Gas, Metal, Capital Goods rose 0.5% each. The BSE midcap index fell 0.4% and smallcap index shed 0.7%.
Taking Stock: Nifty hits 11-month low, ends below 23,900; Sensex declines 1,342 pts
On the sectoral front, auto, FMCG, PSU Bank, Consumer Durables, Private Bank, Capital Goods, IT, realty shed between 1-3%, while oil & gas, pharma indices ended with marginal gains.
Closing Bell: Market crashes yet again; Sensex slides 1,342 pts, Nifty below 23,900
On the sectoral front, auto, FMCG, PSU Bank, Consumer Durables, Private Bank, Capital Goods, IT, realty shed between 0.5-2%, while oil & gas, pharma indices ended with marginal gains. Biggest Nifty losers were Bajaj Finance, Axis Bank, Bajaj Finserv, Eicher Motors and M&M, while gainers were NTPC, Jio Financial, Coal India, Sun Pharma, Dr Reddy's Labs. Nifty Midcap index fell 1.2%, while smallcap index shed 0.36%.
