The BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64 on Tuesday. File.
| Photo Credit: PTI

Equity benchmark indices declined after hitting their fresh record high levels in early trade on July 10 amid weak global market trends.

The 30-share BSE Sensex climbed 129.72 points to hit a new all-time high of 80,481.36 during the opening trade. But, soon the benchmark retreated and declined 207.47 points to 80,144.17.

The NSE Nifty also hit its fresh lifetime high of 24,461.05 in opening deals but pared all the gains and dipped 49.6 points to 24,383.60.

Among the Sensex pack, Mahindra & Mahindra, JSW Steel, Kotak Mahindra Bank, Axis Bank, State Bank of India and ICICI Bank were the biggest laggards.

Maruti, Adani Ports, NTPC and Bharti Airtel were among the winners.

In Asian markets, Seoul, Tokyo and Shanghai were quoting lower while Hong Kong traded higher.

US markets ended on a mixed note on Tuesday.

Global oil benchmark Brent crude declined 0.24% to $84.46 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 314.46 crore on Tuesday, according to exchange data.

The BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64 on Tuesday.

The NSE Nifty went up by 112.65 points or 0.46% to 24,433.20 — its record closing high.

File image.
| Photo Credit: Reuters

Equity benchmark indices Sensex and Nifty climbed in early trade on April 22 amid a rally in Asian markets, decline in Brent crude oil prices and buying by foreign investors.

Extending its previous day’s rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE Nifty went up 190.1 points to 22,337.10.

From the Sensex basket, UltraTech Cement, Axis Bank, Bajaj Finance, Larsen & Toubro, Tata Steel and Tata Motors were the major gainers.

HDFC Bank, JSW Steel, Mahindra & Mahindra and ITC were the laggards.

In Asian markets, Seoul, Tokyo, and Hong Kong were trading in the positive territory while Shanghai quoted lower.

Wall Street ended on a mixed note on Friday.

Global oil benchmark Brent crude declined 0.74% to $86.64 a barrel.

“The biggest positive for the market in the near-term is that the feared escalation in the Israel-Iran tension is unlikely to happen. The decline in Brent crude from $90 to $87 is a confirmation of this expected de-escalation,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Foreign Institutional Investors (FIIs) turned buyers on Friday and they bought equities worth ₹129.39 crore, according to exchange data.

The BSE benchmark climbed 599.34 points or 0.83% to settle at 73,088.33 on Friday. The NSE Nifty jumped 151.15 points or 0.69% to 22,147.

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| Photo Credit: Paul Noronha

Benchmark indices Sensex and Nifty traded almost flat in early session on October 23 amid weak trends in global markets.

The 30-share BSE Sensex rose by 56.3 points to 65,453.92 in opening trade. The Nifty gained 14.2 points to 19,556.85.

Both the benchmark indices faced volatile trends later and were trading with marginal gains.

Among the Sensex firms, ICICI Bank, Bajaj Finance, Power Grid, Mahindra & Mahindra, UltraTech Cement, Nestle, Bajaj Finserv and Reliance Industries Limited were the major gainers.

Kotak Mahindra Bank, Tata Steel, Larsen & Toubro, Tata Consultancy Services, JSW Steel, Tech Mahindra IndusInd Bank and Titan were among the laggards.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower. The U.S. markets ended in negative territory on Friday.

Global oil benchmark Brent crude declined 0.89% to $91.34 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹456.21 crore on Friday, according to exchange data.

The BSE benchmark fell 231.62 points or 0.35% to settle at 65,397.62 on Friday. The Nifty declined 82.05 points or 0.42% to 19,542.65.

he Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94%, in day trading. File.
| Photo Credit: Paul Noronha

Benchmark Sensex jumped by 528 points to regain the 67,000 level while Nifty scaled the record 20,000 mark for the first time as robust buying by domestic investors helped equity markets extend the winning run to the seventh straight session on September 11.

The successful G-20 summit and buying in index majors Reliance Industries and HDFC Bank also added to the winning momentum in equities.

The 30-share BSE Sensex regained the 67,000 level. The benchmark jumped 528.17 points or 0.79% to settle at 67,127.08. During the day, it rallied 573.22 points or 0.86% to 67,172.13.

The Nifty hit its all-time high of 20,008.15, a gain of 188.2 points or 0.94%, in day trading. The 50-issue barometer closed just below the 20,000 mark at 19,996.35, reflecting gains of 176.40 points or 0.89%.

“Nifty has finally managed to touch the much-anticipated 20,000 mark in the second attempt post-July 2023. Robust flows from local investors amidst mixed/negative flows from foreigners have helped Nifty achieve this landmark.”

“Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky,” said Dhiraj Relli, MD & CEO, HDFC Securities Ltd.

Among the Sensex firms, Axis Bank, Power Grid, Maruti, State Bank of India, Tata Motors, ITC, Nestle and Mahindra & Mahindra were the major gainers.

Bajaj Finance and Larsen & Toubro were the laggards.

“The domestic markets began the day on a positive note, bolstered by the historic consensus achieved at the G20 summit, which instilled confidence among investors. Higher-than-expected loan growth data and strong profitability along with lower NPA in PSU banks attracted investor interest.”

“Additionally, expectations of easing inflation, driven by a decline in vegetable prices, fueled optimistic sentiment, leading to a market rally,” said Vinod Nair, Head of Research at Geojit Financial Services.

India on Saturday pulled off a big diplomatic win after the G-20 summit adopted a consensus declaration overcoming major differences on the Russia-Ukraine war, as Prime Minister Narendra Modi called for ending “global trust deficit”.

Mr. Modi also announced that African Union was admitted as G-20’s permanent member.

In Asian markets, Seoul and Shanghai ended with gains while Tokyo and Hong Kong settled lower.

European markets were trading in the green. The U.S. markets ended in positive territory on Friday.

Global oil benchmark Brent crude declined 0.23% to $90.35 a barrel.

The BSE benchmark had jumped 333.35 points or 0.50% to finish at 66,598.91 on Friday. The broader Nifty advanced 92.90 points or 0.47% to settle at 19,819.95.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹224.22 crore on Friday, according to exchange data.

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| Photo Credit: Arunangsu Roy Chowdhury

Benchmark Sensex rose by 213 points while Nifty settled above the 19,400 level on August 23 following buying in banking counters and early gains in European stocks.

The BSE Sensex climbed 213.27 points or 0.33% to settle at 65,433.30. During the day, it jumped 284.68 points or 0.43% to 65,504.71.

The NSE Nifty gained 47.55 points or 0.25% to end at 19,444 as 29 of its components ended in the green while 22 declined.

From the Sensex pack, ICICI Bank, State Bank of India, Larsen & Toubro, Maruti, Tata Steel, Kotak Mahindra Bank, Bajaj Finance, Nestle, Power Grid and HDFC Bank were the major gainers.

Jio Financial Services, Bharti Airtel, Tata Motors, Tech Mahindra, ITC, UltraTech Cement and Mahindra & Mahindra were among the laggards.

In Asian markets, Tokyo and Hong Kong settled in the green while Seoul and Shanghai ended lower. European markets were trading with gains. The US markets ended on a mixed note on Tuesday.

“On the domestic front, sentiments remained positive, backed by strong demand in the banking sector, though IT and pharma limited the gains,” said Vinod Nair, Head of Research at Geojit Financial Services.

Global markets have restrained from making significant moves as they await the outcome of the central bankers’ gathering at Jackson Hole scheduled for Friday, Nair added.

Global oil benchmark Brent crude declined 0.83% to $83.33 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth ₹495.17 crore on Tuesday, according to exchange data.

The BSE benchmark had eked out a marginal gain of 3.94 points or 0.01% to settle at 65,220.03 on Tuesday. The Nifty inched up 2.85 points or 0.01% to settle at 19,396.45.