At the interbank foreign exchange market, the local unit opened weak at 81.80, but pared the losses and settled for the day at 81.25 (provisional), registering a rise of 44 paise over its previous close.
At the interbank foreign exchange market, the local unit opened at 81.73 and touched an intra-day high of 81.52 and a low of 81.82 against the greenback.
Sensex tanked more than 1,000 points to close at 54,303 and Nifty ended at 16,202. All sectoral and broader indices came under pressure with Nifty Bank, IT, Financial Services ending up as the biggest losers.
Benchmark indices ended the session on a positive note with the Sensex gaining 437 points, and the Nifty adding 105 points. Reliance surged over three percent to close at one-month high. The midcap index ended flat while the small-cap index closed with gains of half a percent.
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Benchmark indices ended higher for the second consecutive day on May 27. At close, the Sensex was up 632.13 points or 1.17% at 54,884.66, and the Nifty was up 182.30 points or 1.13% at 16,352.50. Here’s the round-up of all the day’s action with Yatin Mota.
After seeing a downtrend for three straight days, the Indian equity benchmarks ended higher on May 26 as buying in metal, IT, power, realty and banking stocks supported the market. Here’s a round-up of all the day’s action with Yatin Mota.
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Indian equity benchmark ended lower for the third consecutive day today, pulled down by a selloff in information technology, metal and realty names. At close, the Sensex was down 303.35 points, or 0.56 percent, at 53,749.26, and the Nifty was down 99.40 points, or 0.62 percent, at 16,025.80. Here's a wrap of today's market action with Yatin Mota.
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Markets ended on a negative note today with the Nifty ending below 16,150 points and Sensex falling 236 points. Among sectors, IT, pharma, metal, FMCG, power, and realty indices fell 1 percent each. Meanwhile, Delhivery's stock listed with 10 percent gains.
Indian benchmark indices came off earlier highs and ended on a negative note after traders booked profits during the last hour of trade. JSW Steel, Tata Steel, NMDC were among top losers on announcement of increased export duty by the government. #bajargupshup #marketswithmc
Indian benchmark indices ended higher amid high volatility led by the realty, IT, pharma names. At close, Sensex was up 581 points, and Nifty was up 150 points. Among sectors, except metal all other sectoral indices ended in the green with pharma, IT, FMCG, capital goods and realty indices up 1-2 percent. BSE midcap and smallcap indices rose over 1 percent each.
Nifty closes below 17,600, Sensex falls over 770 pts. Except auto index, all other indices ended in the red with oil & gas, IT, realty, capital goods indices down 1-2%. BSE midcap index shed 0.9%, while smallcap index fell 0.4%. Watch the video for today's market action.
At the close of market hours, the Sensex is down 509.04 points or 1.34% at 37413.13, while the Nifty is down 150.60 points or 1.32% at 11287.50.
While FMCG were one of the big laggards through the day, weakness among banks, along with IT, pharmaceuticals, energy, and infrastructure sectors also weighed on the indices.
Bulls managed to regain control and took the index to hit an intraday high of 10,344. It closed 12.80 points higher at 10,321.75.
Nifty ended the day down close to 200 points and gave away most of the gains in the last two trading sessions. It remains to be seen whether Nifty can defend the 8000 mark.
Nifty consolidating at 8300-8350, index set to move up.
Big buying seen in largecaps including Axis Bank, HUL, ICICI Bank.
Broader market outperforms Nifty helped by midcap and smallcap stocks.
Nifty scaled new highs, broke the all-time high of 8180, backed by Bank Nifty and IT stocks.
Nifty has decisively conquered the level of 6100 and was up by over 50 points. There was a bit of profit booking towards the end of the day. Bank Nifty has been the outperformer with the index gaining 3 percent in the last three trading sessions.