The Sensex ended 879 points higher at 33,303, while the Nifty50 index rose 246 points to settle at 9,826. Gains were led by financial stocks like Bajaj Finance, HDFC twins, and SBI. Back home, Bajaj Finance, Bajaj Finserv, Titan, Tata Steel, and M&M were the top gainers on the Nifty50 index, while Dr. Reddy’s, Bharti Infratel, Ultratech Cement, Sun Pharma, and Nestle led the losses. All sectors were in the green for the day. Nifty PSU Bank index surged the…
The Nifty50 and BSE Sensex rose 6 percent last week backed by positive global cues amid stimulus in China and European nations along with a roaring rally in banking and financials, breaking the three-week losing streak. On Monday, the market will first react to Q4 FY20 Gross Domestic Product (GDP) data, the downward revision of data of the last three quarters, and the lockdown extension on June 1. FII inflow was strong in the week gone by, with net buying at…
Sensex rallies for the third day jump 224 points; Nifty tops 9,550 closed @ 9580 on Friday. Nifty50 has begun the June Futures & Options (F&O) series on the back of the positive sentiment. Trend support is seen at 8,800 and buying on dips is advisable. Maximum open interest (OI) is seen at 9,000 strike Put Options and 10,000 strike Call Options. This indicates the broader range for the June series. Weekly FnO gainers Weekly FnO losers Our top Research…
Indian markets are expected to open lower following weak global cues as US markets ended in the red while Asian markets also traded in the negative territory. Trends on SGX Nifty indicate a gap down opening for the index in India with a 101 points loss. Sensex closed 595 points, or 1.88 percent, higher at 32,200.59 while Nifty settled 175 points, or 1.88 percent, up at 9,490.10 on May 27. Broader markets slightly underperformed as the BSE Midcap and Smallcap indices rose 1.34 percent…
Indian markets witnessed a breakout on May 27 as the bulls pushed the S&P BSE Sensex by over 1,000 points to close above 31,000 while the Nifty reclaimed the vital 9,300 level. Easing of restrictions and the gradual resumption of business activity in India and across the world raised investors’ hopes of the economy getting back on track, say experts. Happy trading subscribe our service to get real profits http:streetgains.in/subscribe/ REGARDS TEAM STREETGAINS Share on: WhatsApp
Indian stock market is expected to open in the green following US Markets on optimism about the development of coronavirus vaccines and a revival of business activity. SGX Nifty is trading higher by 54 points. The Nifty futures were trading at 9076 on the Singaporean Exchange. Benchmark indices failed to hold on to their their opening gains on May 26 and ended marginally lower with Sensex closing the day with a loss of 63 pointsat 30,609.30 and Nifty settling 10 points lower at…
Indian market is expected to tread sideways amid rising cases of coronavirus and souring relations between the US and China and deteriorating macroeconomic environment. Besides, most bank and financial stocks may also extend their losses of the previous session after the Reserve Bank of India (RBI) announced the extension of loan moratorium by three months HAPPY TRADING http:streetgains.in/subscribe/ STREETGAINS TEAM Share on: WhatsApp
The market witnessed mild bouts of volatility due to weekly F&O expiry. Eventually, Sensex closed the day 114 points, or 0.37 percent, higher at 30,932.90 and the Nifty finished with a gain of 40 points, or 0.44 percent, at 9,106.25. We believe that if the Nifty manages to sustain above 9,150 levels, then we may see a bounce towards 9,300-9,350 zone. According to pivot charts, the key support level for Nifty is placed at 9,048.72, followed by 8,991.18. If the…
Indian markets are likely to open on flat to negative note following SGX Nifty which is down 37 points at 9,046 levels. Among global markets, Asia is trading firm after the US market ended higher on hopes of more stimulus measures from the Federal Reserve. On May 20, Indian indices gained for the second consecutive day with Nifty ending above 9,050 level supported by the pharma, auto and banking names. The Sensex was up 622.44 points or 2.06% at 30818.61,…
Indian markets are likely to open in the green following SGX Nifty which is up 70 points at 8894 levels. Global markets including that of Asia are trading mixed after US Markets ended in the red as economic indicators pointed to more signs of recession. The Indian stock market started on a positive note on May 19 but witnessed profit booking at higher levels, as the S&P BSE Sensex slipped more than 500 points from its intraday high and the Nifty50…