Sensex and Nifty are poised for a weak opening on September 3 amid sluggish global cues, with GIFT Nifty indicating a 30-point drop. All eyes are on the GST Council meeting, which may unveil a revamped tax structure—potentially reshaping consumption-led sectors
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
Nifty 50 and Sensex gave up their morning gains as investors sold off their banking stocks; ICICI Bank, HDFC Bank and Kotak Mahindra Bank were among the top losers.
Investors should wait and watch for developments to unfold amid global uncertainties, noted experts, adding that investments can be focused on domestic consumption plays.
Sensex and Nifty rose for the second straight session on September 2 as easing volatility and strong moves in Reliance and sugar stocks supported sentiment. Sugar shares surged up to 12 percent after the government allowed ethanol production from sugarcane and sugar syrup
Closing Bell | The market reversed course after a strong start, with the Nifty slipping below 24,600 and giving up nearly 200 points from the day’s high. While the midcap index pared some gains, it still managed to end in the green. Market breadth stayed positive with an NSE advance-decline ratio of 2:1.
The positive sentiment follows robust Q1 GDP data, a technical breakout in Nifty, and mixed global cues amid tariff uncertainty.
Indian markets started September on a positive note, with Sensex and Nifty rallying after India’s Q1 GDP growth came in at 7.8 percent, beating expectations. Auto and IT stocks led the charge, while analysts see strong support at lower levels and potential for a move toward 25,000 on the Nifty
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.
Gold's futures contracts with October expiry on MCX jumped more than 2% to hit an all time high of Rs 1,05,937 per 10 grams today.
Bajaj Auto, M&M, Trent, Infosys, Asian Paints, and Power Grid Corp were the top gainers on the Nifty.
The Indian rupee has emerged as the worst-performing emerging market currency as President Trump's aggressive 50 percent tariffs trigger unprecedented capital outflows and export challenges for Asia's third-largest economy
Tech Mahindra, TCS, HCL Tech, Hero MotoCorp, and Asian Paints were the top gainers on the Nifty.
After a lukewarm start, Sensex, Nifty slipped in the last hour of trade on Friday, August 29, as auto, IT, and metal stocks outweighed support from FMCG stocks.
Sensex Today | Closing: Markets ended on a strong note on Monday, with broad-based buying across sectors. The Nifty Auto index led the rally with a 2.7 percent gain, followed by consumer durables, which rose 2.2 percent. Mid- and small-cap indices also advanced, up 2 percent and 1.7 percent, respectively. Among heavyweights, IT, metal, energy and oil & gas indices climbed over 1.3–1.6 percent each, while banks and financials posted moderate gains. On the flip side, FMCG ended flat, while pharma and media slipped marginally. Volatility cooled as India VIX dropped nearly 4 percent.
The uptrend in gold is expected to extend into the coming week, with immediate resistance seen at Rs 1,05,100 per 10 gram and subsequent resistance at Rs 1,06,860 per 10 gram.
Nearly 100 stocks touched their 52-week highs on the BSE, including CreditAccess Grameen, HBL Engineering, Dalmia Bharat, Procter and Gamble Health, Authum Investment, among others.
Laggards on the index were M&M, Infosys, Reliance Industries, Apollo Hospitals, and Adani Enterprises.
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,02,380 per 10 grams today.
Shriram Finance, Trent, Bharat Electronics, L&T, and ITC were the top gainers in the Nifty.
HUL, Asian Paints, Trent, Kotak Mahindra Bank, Tata Consumer Products, and Shriram Finance were the top gainers on the Nifty.
Dalal Street ended at the day's low, extending its losing streak to the second session as investors continued to sell off after U.S. President Donald Trump's 50 percent tariff came into effect.
Shriram Finance, ITC, Bharat Electronics, Trent, Asian Paints were among top gainers on the Nifty, while losers were M&M, Infosys, Apollo Hospitals, Adani Enterprises, Reliance Industries. BSE Midcap and smallcap indices ended on flat note. On the sectoral front, metal, IT, realty, auto shed 0.5-1%, while Capital Goods, Consumer Durables, media, FMCG index rose 0.4-1%.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,01,450 per 10 grams today.
Among sectors, except Consumer Durables, all other sectoral indices ended in the red with bank, IT, realty, FMCG, telecom down 1% each.