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Month: August 2020

Market action for the day

Market action for the day

The Indian market continued to trade in the positive territory on August 11, with the Nifty logging gains for the sixth consecutive session and Sensex rising for the fourth session on the trot. Positive global cues influenced sentiment as hopes of stimulus from the US, improving economic data points from China and the reports of the first coronavirus vaccine in Russia underpinned the mood of the market. The Sensex closed 225 points, or 0.59 percent, higher at 38,407.01 and the Nifty…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 224.93 points or 0.59% and hit 38407 level, while the NSE Nifty settled at 52.35 points or 0.46% higher and closed at 11322 level. Bank Nifty index has made positive 326.95 points or 1.49% and hit the 22227 level. ZEEL, JSW STEEL, AXIS BANK, BPCL, and INDUSINDBK were among major gainers on the Nifty, while losers were SHREECEM, TITAN, UPL, CIPLA, and DR REDDY, Nifty Chart Price Gainers Our Top Advises For…

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Market action for the day

Market action for the day

The Indian market managed to end in the green on August 10, despite profit-taking at higher levels, due to support coming in from select pockets. Earnings of select pharma companies drove gains in the sector while government actions to boost domestic defense productions helped boost defense stocks. The Sensex closed 142 points, or 0.37 percent, higher at 38,182.08 and the Nifty ended at 11,270.15, with a gain of 56 points, or 0.50 percent. Nifty – According to pivot charts, the key…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 141.51 points or 0.37% and hit 31182 level, while the NSE Nifty settled at 56.10 points or 0.05% higher and closed at 11270 level. Bank Nifty index has made positive 146.25 points or 0.67% and hit the 21900 level. CIPLA, M&M, LT, TATA MOTORS, and SUN PHARMA were among major gainers on the Nifty, while losers were EITCHERMOT, ASIAN PAINTS, MARUTI, BPCL, and RELIANCE. Nifty Chart Price Gainers Our Top Advises For…

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Market action for the day

Market action for the day

The market remained volatile in the week gone by with Nifty rebounding sharply after taking support near its long-term 200-DMA which is placed at 10,850 levels on the daily chart. For the past week, benchmark indices – Sensex and Nifty – rallied over 1 percent each. The S&P BSE Smallcap index rallied nearly 5 percent while the S&P BSE Midcap index closed with gains of over 3 percent. Experts pointed out that Nifty continued to make a higher top and…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 15.12 points or 0.04% and hit 38040 level, while the NSE Nifty settled at 13.90 points or 0.12% higher and closed at 11214 level. Bank Nifty index has made positive 111.40 points or 0.51% and hit the 21754 level. ASIAN PAINTS, BAJFINANCE, UPL, BAJAJFINSV, and INDUSINDBK were among major gainers on the Nifty, while losers were TITAN, HCL TECH, INFY, SUN PHARMA, and M&M. 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 — ended with healthy gains on August 6 as the measures announced by Reserve Bank of India (RBI) boosted sentiment. The central bank announced measures including the one-time restructuring of the loans to support non-banking financial companies (NBFCs), housing finance companies (HFCs), and the corporate debt market and relaxed norms on the loan-to-value (LTV) ratio for gold loans. The Sensex closed 362 points, or 0.96 percent, higher at 38,025.45 and the Nifty ended the…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a gain of 362.12 points or 0.96% and hit 38025 level, while the NSE Nifty settled at 98.50 points or 0.89% higher and closed at 11200 level. Bank Nifty index has made positive 132.65 points or 0.62% and hit the 21642 level. TATA STEEL, INFY, GAIL, BAJAJ FINANCE, and UPL were among major gainers on the Nifty, while losers were EICHERMOT, SHREECEM, ADANI PORTS, M&M, and DR REDDY. Nifty Chart Price Gainers & Losers OI…

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Market action for the day

Market action for the day

Equity benchmarks — Sensex and Nifty — ended almost flat on August 5 amid volatility as participants preferred to book some profits at higher levels. The session began on a positive note, tracking firm global cues. However, caution ahead of the Monetary Policy Committee (MPC) meeting outcome triggered profit-taking as the day progressed, which eliminated all the gains. The Sensex settled 25 points, or 0.07 percent, lower at 37,663.33 and the Nifty ended at 11,101.65, up 6 points, or 0.06…

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Market wrap up for the day

Market wrap up for the day

The BSE Sensex closed with a loss of 24.58 points or -0.07% and hit 37,663 level, while the NSE Nifty settled at 6.40 points or 0.06% higher and closed at 11,101 level. Bank Nifty index has made positive 19.45 points or 0.09% and hit 21,509 level. HINDALCO, TATA STEEL, EICHERMOT, ASIAN PAINTS, and TATA MOTORS were among major gainers on the Nifty, while losers were UPL, HDFCLIFE, POWERGRID, HDFC BANK, and WIPRO. Nifty Chart Price Gainers & Losers OI Gainers…

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