Indian markets are poised for a positive start on November 17, with Nifty and Sensex expected to extend their winning streak despite cautious global cues.
Bajaj Auto, Tata Consumer, Eicher Motors, Max Healthcare, Maruti Suzuki were among major gainers on the Nifty, while losers were TMPV, Adani Enterprises, Jio Financial, Interglobe Aviation, UltraTech Cement. All the other sectoral indices ended in the green with auto, bank, realty, capital goods, consumer durables, PSU Bank up 0.5-1%. BSE Midcap and smallcap indices rose 0.6% each.
Looking ahead, commodity markets will turn their focus to a heavy slate of economic data due next week starting from November 17.
Benchmarks staged a late rebound on November 14, extending their five-session winning streak despite weak global cues and initially muted reaction to the Bihar election results.
The moves helped steady the currency as it neared its September record low of 88.8050 per dollar
Indian equities opened lower on Friday as weak global cues and election-related caution weighed on investor sentiment.
Dalal Street's key indices Nifty 50 and Sensex may be poised for a start in the red on November 14, weighed down by poor global cues.
The Sensex recovered nearly 400 points from the day’s lows, while the Nifty reclaimed the 25,900 mark. Market breadth, however, stayed negative with 2,115 stocks declining against 1,879 advancing.
More than 120 smallcap stocks hit 52-week low, including Cohance Life, DCX Systems, Kopran, Go Fashion, Kabra Extrusion, Lincoln Pharma, Dhunseri Investments, KNR Construction, Sundaram-Clayton, Saregama India,HG Infra Engineering, Wonderla, Quess Corp, Ceinsys Tech, among others.
After seeing a sharp upmove in the afternoon half of the session, the benchmark indices failed to maintain the momentum and settled flat.
Domestic indices opened flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
Domestic indices are expected to open flat on November 13, with investors turning cautious after a three-day rally despite supportive cues from easing inflation and global optimism.
BSE Midcap and smallcap indices were down 0.3 percent each. Asian Paints, ICICI Bank, L&T, Interglobe Aviation, Hindalco were among major gainers on the Nifty, while losers were Eternal, Shriram Finance, Adani Ports, Bharat Electronics and M&M. Among sectors, IT, media, PSU bank shed 0.5% each, while metal, pharma, realty rose 0.5% each.
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Biggest Nifty gainers were Asian Paints, Adani Enterprises, Tech Mahindra, TCS, HDFC Life, while losers were Tata Steel, TMPV, Bharat Electronics, Shriram Finance, Grasim Industries.
Indian markets extended their winning run for the third straight session on Wednesday, with Nifty and Sensex rallying over 0.7 percent amid optimism
Nifty 50 opened with a gap-up and Sensex extended gains for the third straight session on Wednesday, November 12, as upbeat global cues, hopes of an India-U.S. trade deal, and favorable Bihar exit polls lifted market sentiment.
Dalal Street is set for a strong open on Wednesday, November 12, as positive global cues and easing U.S. shutdown concerns lift investor sentiment.
Biggest Nifty gainers were Asian Paints, Adani Enterprises, Tech Mahindra, TCS, HDFC Life, while losers were Tata Steel, TMPV, Bharat Electronics, Shriram Finance, Grasim Industries. BSE Midcap index rose 0.4 percent and smallcap index added 0.7 percent. Except, realty, all other sectoral indices ended in the green with media, auto, telecom, IT, consumer durables up 1-2 percent.
More than 100 stocks touched their 52-week high on the BSE, including Craftsman, Bharat Forge, BHEL, NALCO, Ashok Leyland, Hitachi Energy, M&M, Asahi India, Muthoot Finance, Can Fin Homes, IOC, Shriram Finance, Torrent Pharma, MCX India, Laurus Labs, among others.
Indian markets recovered from early losses on November 11, with Nifty 50 and Sensex stabilising near the flatline.
Dalal Street opened flat on November 11 as global optimism around the U.S. shutdown bill and progress on a potential trade deal lifted sentiment.
Indian equity indices Nifty 50 and Sensex likely to open higher on November 11 as global cues turn positive after U.S. shutdown bill progresses.
BSE Midcap and Smallcap indices ended flat. Interglobe Aviation, Bharat Electronics, Bajaj Auto, M&M and HCL Technologies were among top gainers on the Nifty, while losers were Bajaj Finance, Bajaj Finserv, ONGC, TMPV, Power Grid. Among sectors, PSU Bank, healthcare down 0.3 each, while telecom index up 1.5%, IT index up 1%, oil & gas index up 0.7%, auto index up 1% and metal index up 0.6%.
Infosys, HCL Technologies, Grasim Industries, Bajaj Finance, Wipro were among major gainers on the Nifty, while losers were Trent, Apollo Hospitals, Max Healthcare, Power Grid and Tata Consumer.