Streetgains

Market benchmarks Sensex and Nifty closed in the red on March 30 as fears of recession kept investors away from riskier equities. Sensex closed the day with a loss of 1,375 points, or 4.61 percent, at 28,440.32 while Nifty settled 379 points, or 4.38 percent, lower at 8,281.10. The Nifty is back below 8,300 after two sessions, which suggests that bears may have regained their stranglehold. NOW AVAIL INVESTMENT STOCKS THAT CAN GIVE YOU 10-20 TIMES RETURN OVER A PERIOD…

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Buoyed by FM’s announcement of a comprehensive economic package to tackle the coronavirus outbreak, Indian equity markets rallied for the third consecutive day on March 26. The Finance Minister announced an economic package worth Rs 1.7 lakh crore under the ‘Prime Minister Gareeb Kalyan Scheme’ with an aim to protect the poor from the economic fallout of the lockdown. Sensex closed the day 1,411 points, or 4.94 percent, at 29,946.77, while Nifty ended 324 points, or 3.89 percent, up at 8,641.45….

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Powered by short-covering rally, benchmark indices on March 25 surged nearly 7 percent. Sensex jumped 2,116 points while Nifty topped 8,376 in intraday trade. Among the sectoral indices, the BSE Energy index surged over 10 percent while the Bankex and Finance indices jumped 9 percent. All sectoral indices ended in the green. The Nifty Bank index closed at 18,481.05, up 8.03 percent. The important pivot level, which will act as crucial support for the index, is placed at 17,164.33, followed…

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The Indian market witnessed some recovery on March 24 with Sensex rising nearly 700 points to close at 25,981.24 and Nifty settling 190.8 points higher to close above the 7,800-mark. Investor sentiment received a big boost after the Finance Minister said an economic package was coming soon to shore up the economy. Experts believe the market is likely to remain hugely volatile with in-between recoveries occasionally. NOW AVAIL INVESTMENT STOCKS THAT CAN GIVE YOU 10-20 TIMES RETURN OVER A PERIOD…

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The Sensex plunged a huge 3,935 points to close at 25,981.24 and the Nifty fell 1,135 points to end at 7,610. BSE Midcap and Smallcap indices plunged 12.83 percent and 12.27 percent, respectively. Investors lose over Rs 14 lakh crore in terms of market capitalisation. The average market capitalisation of the BSE-listed companies fell from Rs 116.09 lakh crore recorded on 20 March to Rs 101.9 lakh crore as on March 23. According to the pivot charts, the key support…

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The equity markets continued to bleed profusely in the week ended March 20 as coronavirus fears roiled investor sentiment worldwide. The carnage was doused, albeit slightly, by the relief rally on Friday, but the overall mood still remains sombre despite stimulus packages from various central banks across the world. The BSE Sensex and Nifty cracked more than 12 percent, the biggest weekly loss since October 2008, the height of the global financial crisis. Experts feel the regulator’s measures may support…

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The S&P BSE Sensex, Nifty50, and Nifty Bank hit a fresh 3-year low amid the volatility seen in markets. The Nifty Midcap index closed at a 4-year low while India VIX jumped to a 12-year high. Sensex dropped 581 points to settle at 28,288 while the Nifty50 plunged 205 points to close at 8,263. According to the pivot charts, the key support level for Nifty is placed at 7,872.18, followed by 7,480.92. If the index moves up, key resistance levels…

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The Sensex plunged 1,710 points to clsoe at 28,869.51 while Nifty fell 498 points to end at 8,468.80. According to the pivot charts, the key support level for Nifty is placed at 8208.05, followed by 7947.3. If the index moves up, key resistance levels to watch out for are 8928.55 and 9388.3. Nifty Bank closed 7.11 percent down at 20,580.20. The important pivot level, which will act as crucial support for the index, is placed at 19717.37, followed by 18854.53….

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Fears of a coronavirus-induced global recession once again lopped off early gains as benchmark indices on March 17 logged in heavy losses for the fourth consecutive session. Equity barometer Sensex failed to hold intraday gains and closed with losses due to fag-end selling. The 30-share pack closed with a loss of 811 points, or 2.58 percent, at 30,579.09 while Nifty ended 230 points, or 2.50 percent, down at 8,967.05. BSE Midcap and Smallcap indices closed 1.84 percent and 2.27 percent…

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