Sensex Consolidates For Second Day, Nifty Settles Below 9,650

Indian shares ended flat on Wednesday as consolidation continued after the benchmark Sensex gained over 2 per cent in last one month and 7.25 per cent in last three months. Sensex shed 13.89 points to end at 31,283.64 while the benchmark Nifty closed below the crucial 9,650 level at 9,633.60, down 19.90 points or 0.20 per cent.

The BSE Sensex opened marginally lower on Wednesday tracking weakness across other Asian shares and fell as much as 104 points during the day. However, late buying in banking heavyweights like HDFC Bank, SBI and FMCG shares like Hindustan Unilever helped it recover most of the lost ground.

Sensex Consolidates For Second Day, Nifty Settles Below 9,650

FMCG shares were the biggest gainers today with the Nifty FMCG sub-index rising 0.77 per cent. Hindustan Unilever was the top gainer in Nifty, up 2.78 per cent followed by Kotak Mahindra Bank, Maruti Suzuki, Sun Pharma, HDFC Bank, which gained between 0.7-0.9 per cent.

Meanwhile, metal stocks witnessed maximum selling pressure today with the Nifty Metal sub-index falling 1.17 per cent.

Among Nifty stocks, Hindalco Industries was the top loser, down 2.69 per cent. ONGC, Tata Motors, Bosch, Gail India and Lupin were the other prominent losers in the index, which fell between 1.5-2.55 per cent.

 

Sensex Surges Over 200 Points To Record High, Nifty Near 9,700; Infosys Leads Gains

Indian shares extended gains in noon trade with the BSE Sensex rising nearly 240 point to a fresh all-time high of 31,522 and Nifty gaining nearly 60 points to 9,698. Gains in the market were led by banking and financial services and IT shares. Nifty Bank, NSE’s sub-index for banking shares nearly 0.8 per cent to a record high of 23,897.85 led by gains in Yes Bank, Axis Bank, HDFC Bank, PNB and SBI. Nifty IT, the IT sub-index of NSE rose as much as 0.82 per cent.

Sensex crossed the 31,500 mark for the first time on Thrusday (June 22).

Infosys was the top gainer in Nifty, up 2.5 per cent, followed by Yes Bank, Aurobindo Pharma, Sun Pharma and HDFC, which rose between 1.5-2.1 per cent.

As of 11:35 am, Sensex was up 233.54 points or 0.74 per cent at 31,517.18 and the NSE benchmark Nifty traded 61.70 points higher at 9,695.30.

 

Sensex Ends Flat, Nifty Settles Above 9,650

Indian shares ended flat on Tuesday as gains in IT stocks were offset by losses FMCG and banking shares. The Sensex closed 14.04 points or 0.04 per cent lower at 31,297.53, while Nifty settled above the crucial 9,650 mark at 9,653.5, down 4 points. Shares of information technology companies including Infosys Ltd jumped tracking an overnight rebound in U.S. technology stocks.

“The Indian IT sector is mostly trading at fairly good valuations at the moment, specifically in the mid-cap space,” said Amit Chandra, senior manager and research analyst at HDFC Securities.

Short-term triggers such as bonus and share buybacks due from companies such as Wipro Ltd are also boosting overall sentiment in the sector, he added.

Sensex Ends Flat, Nifty Settles Above 9,650

The Nifty IT sub-index closed 0.90 per cent higher led by Infosys, which settled 1.47 per cent higher. HCL Tech, Tech Mahindra and TCS also rose between 0.5-1.4 per cent.

Among mid-caps, Mindtree Ltd gained as much as 1.8 per cent before settling 0.74 per cent higher.
However, weakness in banking stocks like HDFC Bank, Bank of Baroda, Kotak Mahindra Bank, HDFC and Axis Bank, which fell between 0.35-1.5 per cent, offset losses made by IT stocks. The Nifty Bank sub-index closed 0.18 per cent lower.

Among Nifty stocks, Tata power was the top gainer, up 5.18 per cent. Tata Motors, Tata Motors DVR, ONGC and Cipla were the other major gainers in the Nifty.

Meanwhile, Power Grid was the top loser in Nifty, down 1.93 per cent followed by Eicher Motors and Lupin, which fell 1.85 per cent and 1.66 per cent respectively.

 

Sensex Rebounds Over 100 Points, Nifty Above 9,600

Mumbai: The BSE Sensex rebounded 107 points and the NSE Nifty reclaimed the 9,600-mark today, propelled by the exports growth in May amid mixed Asian cues.

The 30-share index recovered sharply by 107 points, or 0.34 per cent, to 31,182.73, with all sectoral indices led by auto, consumer durables, realty and oil and gas trading in the positive zone. The gauge had lost 80.18 points in the previous session.

The NSE Nifty moved up by 30.10 points, or 0.31 per cent, to 9.608.15.

Sensex Rebounds Over 100 Points, Nifty Above 9,600

Risk appetite got a push after India’s exports grew 8.32 per cent to $24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as gems and jewellery.

Global crude falling to a 7-month low supported the positive mood.

Major contributors to the index were Tata Motors, M&M, NTPC, GAIL, ITC Ltd, Tata Steel, Coal India, ICICI Bank, Axis Bank, TCS and Maruti Suzuki, gaining by up to 1.46 per cent.

Meanwhile, DIIs bought shares worth a net Rs. 854.85 crore while foreign portfolio investors (FPIs) sold shares worth Rs. 654.35 crore yesterday, as per provisional data.

Among other Asian markets, Hong Kong’s Hang Seng was up by 0.32 per cent while Japan’s Nikkei rose 0.53 per cent in early trade today. Shanghai Composite, however, was down 0.12 per cent.

The US Dow Jones Industrial Average ended 0.02 per cent lower yesterday.