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Month: July 2020

Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 129.18 points or -0.34% and hit 37,606 level, while the NSE Nifty settled at 28.70 points or -0.26% lower and closed at 11,073 level. Bank Nifty index has made negative 6.80 points or -0.03% and hit 21,640 level. SUN PHARMA, CIPLA, GRASIM, JSW STEEL, and UPL were among major gainers on the Nifty, while losers were EICHERMOT, RELIANCE, HDFC BANK, BAJAJ-AUTO, and KOTAK BANK. Nifty Chart Price Gainers & Losers OI Gainers…

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Market action for the day

Market action for the day

The Indian market suffered losses on the last day of July futures and options (F&O) series, amid weak global cues, as concerns over accelerating coronavirus cases weighed on investor sentiment. The Sensex closed 335 points, or 0.88 percent, down at 37,736.07 and the Nifty ended 101 points, or 0.9 percent, lower at 11,102.15 levels. According to pivot charts, the key support level for the Nifty is placed at 11,024.8, followed by 10,947.4. If the index moves up, the key resistance…

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Market action for the day

Market action for the day

Equity benchmarks — Sensex and Nifty — suffered strong losses on July 29, a day ahead of the July series expiry. Global cues were mixed, which failed to provide a boost to the Indian market, while June quarter earnings triggered the stock-specific movement. A resurgence of COVID-19 cases kept investors cautious as they waited to hear from the US Federal Reserve. The Sensex closed with a strong loss of 422 points, or 1.10 percent, at 38,071.13 and Nifty settled at…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 421.82 points or -1.10% and hit 38,071 level, while the NSE Nifty settled at 97.70 points or -0.86% lower and closed at 11,202 level. Bank Nifty index has made negative 28.60 points or -0.13% and hit 22,076 level. DR REDDY, INDUSINDBK, TATA STEEL, GRASIM, and UPL were among major gainers on the Nifty, while losers were RELIANCE, NESTLEIND, HCL TECH, and HEROMOTOCO. Nifty Chart Price Gainers & Losers OI Gainers & Losers…

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Market action for the day

Market action for the day

Headline indices Sensex and Nifty logged strong gains on July 28 as sentiment was underpinned by the expectation that the US Fed would maintain its dovish policy stance which will result in liquidity inflow in emerging markets like India. Sensex closed with a strong gain of 558 points, or 1.47 percent, at 38,492.95 and Nifty settled at 11,300.55, up 169 points or 1.52 percent. According to pivot charts, the key support level for the Nifty is placed at 11,195.33, followed…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 558.22 points or 1.47% and hit 38,492 level, while the NSE Nifty settled at 168.75 points or 1.52% higher and closed at 11,300 level. Bank Nifty index has made positive 256.45 points or 1.17% and hit 21,105 level. ULTRACEMCO, TCS, M&M, TATAMOTORS, and KOTAK BANK were among major gainers on the Nifty, while losers were ICICI BANK, INFRATEL, NESTLEIND, ASIAN PAINTS, and ONGC. Nifty Chart Price Gainers & Losers OI Gainers &…

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Market action for the day

Market action for the day

Headline indices Sensex and Nifty closed with losses on July 27, mainly due to profit-booking in banking and financial stocks as worries over rising coronavirus cases and a surge in bad loans in 2020 weighed on investor sentiment. Sensex closed with a loss of 194 points, or 0.51 percent, at 37,934.73 and Nifty settled 62 points, or 0.56 percent, lower at 11,131.80. According to pivot charts, the key support level for the Nifty is placed at 11,071.4, followed by 11,011….

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 194.17 points or -0.51% and hit 37,934 level, while the NSE Nifty settled at 62.35 points or -0.56% lower and closed at 11,131 level. Bank Nifty index has made negative 813.30 points or -3.59% and hit 21,848 level. ASIAN PAINTS, HCL TECH, INFY, ULTRACEMCO, and TCS were among major gainers on the Nifty, while losers were ICICI BANK, ZEEL, HDFC BANK, AXIS BANK, and INDUSINDBK. Nifty Chart Price Gainers & Losers OI…

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Market action for the day

Market action for the day

Indian equity benchmarks logged gains for the sixth consecutive week with Sensex closing 3 percent higher while the Nifty50 rose 2.6 percent for the week that ended on July 24. Better-than-expected corporate earnings, reports of potential vaccine developments, and massive stimulus package announced by the EU underpinned market sentiment. However, rising tensions between the US and China and surging COVID-19 cases in India and the US remain points of worries for the market. On July 24, The Sensex ended 12…

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Weekly Markets Action

Weekly Markets Action

The Indian stock market registered a solid comeback since hitting rock-bottom in March. The week, benchmark indices managed to form a new four-month high despite rising COVID-19 infections and global growth worries ahead. Global liquidity following stimulus packages from central banks worldwide, progress in the development of a vaccine along with record retail participation has kept the party going for the bulls. Experts feel that the market is also discounting a full economic recovery by FY22 given the June quarter earnings season which was supposed to…

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