Share Market Highlights- Sensex, Nifty ends higher! Nifty settles above 23,550, Sensex near 77,500, Realty and Metal stocks shine
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 gained 51 points or 0.22% to settle at 23,567, while the BSE Sensex jumped 141.33 points or 0.18% to 77,478.93. The broader indices ended in mixed territory, with gain led by Small cap and Midcap stocks. Bank Nifty index ended higher by 385.20 points or 0.75% to settle at 51,783.25. Realty and Metal stocks outperformed among the other sectoral indices while Pharma and Auto stocks shed.
Bloodbath on D-Street amid global sell-off! Nifty tests 24,000, Sensex falls 2,222 points
Indian equity indices ended on a lower note denting the investors’ sentiments as it faced a sell-off on all the counters on Monday due to global pressure. The NSE Nifty 50 fell 662 points or 2.68%, from its previous close, to settle the day’s trading at 24,056, testing the psychological level of 24,000. While the BSE Sensex plunged 2,222 points or 2.74% to 78,759. All the sectoral indices closed the day in the red.
Sectoral Index
Bank Nifty slipped 1,258 points or 2.45% to end the session at 50,092. Similarly, Nifty Midcap 100 dropped more than 2050 points or 3.55% settling the day’s trading at 55,857. In the broader markets, smallcap and midcap stocks closed in the red.
“Domestic equity indices came under the grip of …
Read moreCrude oil prices fell slightly as China growth worries clash with output cuts
Oil prices fell slightly on Wednesday as concerns about demand growth in China, the world’s biggest crude importer, clashed with signs of supply tightness amid output cuts by major producers. Prices were also supported by a weaker U.S. dollar which helps demand for buyers paying in other currencies.
Brent crude futures fell 13 cents to $81.91 a barrel by 0045 GMT, while U.S. West Texas Intermediate crude futures fell 11 cents to $78.04 a barrel. China’s economic growth target for 2024 of around 5% set on Tuesday lacked big-ticket stimulus plans to prop up the country’s struggling economy, which increased concerns that demand growth in the country may lag this year.
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With Nasik mandi closed, govt steps up onion sales on e-NAM
With the mandis in Nasik district of Maharashtra remaining closed for a week, the government is aiming to scale up sales of onion from its buffer stock by National Cooperative Consumers Federation (NCCF) and farmers’ cooperative Nafed via national digital platform electronic-national agriculture market (e-NAM).
In the last couple of weeks, NCCF has sold 9637 tonne of onion on e-NAM platform from its stock from Lasalgaon, Nasik to buyers in several states – Punjab, Jharkhand, Andhra Pradesh, Uttar Pradesh and West Bengal using the online trading platform. On Tuesday the federation sold a record 1300 tonne of onions on the platform.
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NCCF and Nafed currently have around 0.3 million tonne …
Read moreStocks To Watch- ITC, Marico, Vodafone Idea, Piramal Enterprises, Bharti Airtel
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 101 points or 0.46% at 21,967 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 gained 385 points or 1.80% to settle at 21,737.60, while the BSE Sensex closed 1,240.90 points or 1.76% lower to 71,941.57.
Stocks to Watch on January 30, 2024
ITC
Stocks To Watch: Maruti Suzuki India, GMR Airports Infra, Brightcom Group, Hindustan Zinc, Adani Enterprises, Kolte-Patil Developers Stocks To Watch: Hindustan Zinc, Suzlon Energy…
Read moreWhat are the key levels to watch for as rupee hits fresh all time lows
By Gaurang Somaiya
Rupee fell to fresh all-time lows after consolidating in a narrow range for the last few months as the dollar index rebounded from its recent lows and is now headed to test level of 105. Also, the Chinese Yuan fell to the lowest level in three-months following expectation that the PBoC could announce more stimulus measures to stimulate the economy.
Recent volatility in the India Rupee has been led more by global factors than by domestic factors as there has been no major change in the India fundamentals. Market are pricing in that the RBI too is likely to act soon on rate cuts but the timing of the same is uncertain. Like the Fed, market participants are pricing that the RBI could initiate a rate cut this year.
On the …
Read moreStocks to watch- TCS, Bank of Baroda, Wipro, Samvardhana Motherson International
Stocks in Focus: GIFT Nifty traded at 19,781.50, marginally up 0.03%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex. On Tuesday, the NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36.
“The Indian market completely recovered yesterday’s losses which was mainly due to the Hamas-Israel conflict. Moderation in crude prices and positive global cues on account of dovish remarks from Fed officials, which restrained US bond yields, aided the rebound. The domestic market’s primary focus is currently on the approaching result season, with optimistic expectations on earnings,” said Vinod Nair, Head of Research at Geojit Financial Services.
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