Sensex jumps over 1,000 pts, Nifty breaches 17,200 : Rashtra News #Sensex #jumps #pts #Nifty #breaches Equity benchmark Sensex surged past the 57,000-mark by rallying over 1,000 points on Thursday, tracking an overall bullish trend in global equities despite the US Federal Reserve hiking rates. The 30-share BSE index closed 1,047.28 points or 1.84 per
Bears return to D-Street after two-day rally; Sensex tumbles over 700 points, Nifty ends below 17,200 : Rashtra News #Bears #return #DStreet #twoday #rally #Sensex #tumbles #points #Nifty #ends Equity markets halted their two-day rally on Friday, with the Sensex tumbling 714.53 points amid weak global equities and selling in index majors Infosys, ICICI Bank,
For the last 10 years, Nifty Next 50 has returned 13% annually, compared with 12% by Nifty 50. But the picture is not rosy in the short term. While as part of the upcoming rebalancing, Adani Wilmar, Varun Beverages, Canara Bank, etc. will be included in Nifty Next 50, can one expect some relief?
Over the last year, innerwear companies have been significantly underperforming the Nifty 50. Shares of Rupa & Co are down over 51%, Lux Industries has crashed 50% and Page Industries has fallen 7%. The underwear sales volumes data, if it continues to contract, signifies that something is not right in the economy. Are there more troubles ahead?
The broader markets have crashed sharply in this latest round of sell-off. The mid-cap and small-cap indices have underperformed the benchmarks with the Nifty Midcap index down 7.5 percent in six straight sessions, as against a 5 percent fall in benchmark Nifty in this same period.
The broader Nifty 50 of the National Stock Exchange slumped 267.75 points or 1.51 per cent to 17,490.70 points against its previous session's close at 17,758.45 points. The Nifty 50 had slumped by 198.05 points or 1.10 per cent on Friday. Sensex Sinks 872 Points; Nifty Slips Below 17,500 Points on Weak Global Cues.
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The Indian equity benchmarks on Monday extended fall to the fifth straight session amid an across-the-board sell-off. The 30-share BSE Sensex crashed 1,546 points or 2.62 per cent to close at 57,492, while the broader NSE Nifty settled 468 points or 2.66 per cent lower at 17,149. During the day, the 30-share BSE index hit an intraday low of 56,984; and Nifty touched a low of 16,998. Sensex has plunged more than 3,800 points in the last five trading sessions. Both the domestic indexes have tumbled nearly 6 per cent, respectively.
Nifty is likely to have a soft start on Monday. The levels of 15,830 and 15,885 will act as resistance points, while support will come in at 15,700 and 15,630.