Sensex Today | Share Market Live Updates: Indian shares inched up to their highest in more than one month on Friday, led by gains in energy stocks, to extend a five-session winning streak and largely ignoring the softness in global equities.The benchmarks are on track for their second straight week of gains and could see their best week since the week ending June 30.Asia's stock markets dipped on Friday after an overnight drop in technology stocks in the United States over deepening Sino-U.S. tensions. [MKTS/GLOB]"We are seeing fresh interest in Indian equities after last week's GDP data. India is being seen as a "safe haven" amidst global uncertainly and geopolitical tensions," said Samrat Dasgupta, CEO at Esquire Capital Investment Advisors.India's first-quarter GDP grew at 7.8%, the fastest in a year, and the blue-chip Nifty 50 and Sensex indexes have recovered nearly 3% from the near two-month lows hit late August."However, we are seeing pockets of euphoria in mid- and small-caps, exemplified by some of the excessive oversubscriptions in low-quality SME IPOs," Dasgupta said.The small- and mid-cap stocks extended their record run on Friday and are up 32% and 29%, respectively so far this year, outpacing the 9% gains in blue-chip indexes.Energy companies and public sector enterprises were top gainers, rising 0.6% and 1.3%, respectively.The indexes have risen 3.4% and 4.5%, so far this week, driven by a rally in power stocks on a sudden surge in power demand in the country.Among individual stocks, luxury auto dealer Landmark Cars rose to an all-time high after adding Mahindra and Mahindra vehicles to its line-up.
Sensex Today Live: Domestic equity benchmark indices fell in initial trade on Thursday tracking weak global markets and foreign fund outflows. From the Sensex pack, Mahindra & Mahindra, Bajaj Finance, Nestle, UltraTech Cement, JSW Steel, Hindustan Unilever, Infosys and Power Grid were the major laggards.Maruti, State Bank of India, Larsen & Toubro and Bharti Airtel were among the gainers.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.The US markets ended in the negative territory on Wednesday.Global oil benchmark Brent crude declined 0.19 per cent to USD 90.43 a barrel."A major concern in the market is the Brent crude rising above USD 90 with negative implications for India's macros and inflation," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,245.86 crore on Wednesday, according to exchange data.Fag-end buying helped the BSE benchmark climb 100.26 points or 0.15 per cent to settle at 65,880.52 on Wednesday. The Nifty advanced 36.15 points or 0.18 per cent to end at 19,611.05.
Sensex Today | Stock Market Live Updates: Equity benchmark indices declined in early trade on Wednesday in tandem with weak global cues and foreign fund outflows.From the Sensex pack, IndusInd Bank, Tata Steel, JSW Steel, Tata Motors, Asian Paints and Maruti were the major laggards.Bharti Airtel, UltraTech Cement, HDFC Bank, ITC and Reliance Industries were among the gainers.In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the green.The US markets ended in the negative territory on Tuesday.Global oil benchmark Brent crude climbed 0.07 per cent to USD 90.10 a barrel.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,725.11 crore on Tuesday, according to exchange data.Rallying for the third day, the Sensex climbed 152.12 points or 0.23 per cent to settle at 65,780.26 on Tuesday. The Nifty advanced 46.10 points or 0.24 per cent to end at 19,574.90.
Sensex Today Live: Indian shares rose on Tuesday, led by realty firms on rising property registrations, while the more domestically focussed mid-caps and small-caps outperformed the blue-chips and hit fresh record highs.The benchmark Nifty 50 had risen 1.43% in the last two sessions after first-quarter GDP grew at 7.8%, the fastest in a year, data showed last week.Twelve of the 13 major sectoral indexes logged gains, with realty adding 1.5%, and on course to advance for a seventh consecutive session."Continued strength in residential segment should aid real estate companies, with property registrations in tier 1 cities like Mumbai hitting multi-year highs in August," Sumit Kumar, an analyst at JM Financial, said in a note.The metal index, which advanced in five of the last six sessions on China's measures to support its property sector, fell 0.6% after fresh data reignited concerns of a recovery in the world's second-largest economy.Small-caps and mid-caps continued to outperform the blue-chips, adding over 1% each and hitting new record highs.Small- and mid-caps have risen over 29% and 27%, respectively, so far in 2023, compared to a 8.13% gain in the benchmark Nifty 50, on strong retail inflows."Several small- and mid-caps have doubled in the last three months; the momentum in the broader indexes remains strong and has driven investor interest," said Sandeep Bagla, CEO of Trust Mutual Fund.Among individual stocks, budget airline SpiceJet gained over 5% after alloting shares to nine aircraft lessors to clear outstanding dues of 2.31 billion rupees ($27.89 million).Textiles maker Raymond jumped as much as 9.7% to a record high after brokerages Motilal Oswal and Jefferies initiated coverage with "buy" ratings, citing strong growth prospects.
Sensex Today Live: Equity benchmark indices climbed in early trade on Monday in line with firm trend in global markets and encouraging domestic macroeconomic data. Fresh foreign fund inflows also added to the optimistic trend in the domestic equity market.From the Sensex pack, Tata Steel, JSW Steel, UltraTech Cement, Larsen & Toubro, Maruti, HCL Technologies, Wipro and Tech Mahindra were the major gainers.ICICI Bank, Nestle, Asian Paints and Power Grid were among the laggards.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains.The US markets ended mostly in the positive territory on Friday.Manufacturing activities in India gained momentum in August as new orders and output increased at the quickest rates in nearly three years, according to a survey released on Friday.GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season.Domestic passenger vehicle sales hit a record in August led by highest-ever monthly dispatches from Maruti Suzuki on the back of festive demand and the continued strong offtake of SUVs.Global oil benchmark Brent crude climbed 0.05 per cent to USD 88.59 a barrel.Foreign Institutional Investors (FIIs) were buyers on Friday as they bought equities worth Rs 487.94 crore, according to exchange data.The BSE barometer had on Friday ended higher by 555.75 points or 0.86 per cent at 65,387.16. The Nifty had spurted by 181.50 points or 0.94 per cent to settle at 19,435.30.
Sensex Today Live: Equity benchmark indices rose on Friday as investors seemed to be relatively cautious amid mixed global cues. Economic growth of 7.8 per cent in the three months ended June, the highest in the past four quarters, helped investor sentiments.Majority of the stocks in both Sensex and Nifty were in the positive territory. In the Sensex pack, Tata Steel gained more than 3 per cent.Most of the Asian markets were in the green on Friday while European and US shares had closed in the red on Thursday. On Thursday, Sensex declined 255.84 points to close at 64,831.41 points while Nifty dropped 93.65 points to settle at 19,253.80 points.Deepak Jasani, Head of Retail Research at HDFC Securities, said US stocks finished mostly lower on Thursday to end August on a sour note after the Federal Reserve's preferred inflation gauge proved largely in line with expectations for July, leaving investors looking ahead to Friday's August jobs report.Stocks in Asia broadly advanced as China rolled out more stimulus to aid its ailing economy, he added.Official data released on Thursday showed that the Indian economy grew 7.8 per cent in the June quarter, mainly on the back of double-digit expansion in the services sector, and retained its position as the world's fastest-growing major economy.Crude futures were marginally higher at USD 87.02 per barrel.On Thursday, Foreign Institutional Investors (FIIs) were net sellers of domestic equities as they offloaded shares worth Rs 2,973.10 crore, as per exchange data.
Sensex Today Live: Indian shares rose marginally on Thursday, led by information technology stocks on easing rate concerns in the U.S., although caution ahead of the gross domestic product (GDP) data for the June quarter capped gains.Adani Enterprises and Adani Ports were the top Nifty 50 losers, shedding 3.5% and 2.5%, respectively.The decline comes after a report by a non-profit media organization said that millions of dollars were invested in some publicly traded stocks of Adani Group through opaque Mauritius funds that obscured the involvement of alleged business partners of the Adani family.The conglomerate said it rejected the report in its entirety.The more-domestically focussed small-caps and mid-caps outperformed the blue-chips, rising 0.6% and 0.3%, respectively, and hit record highs.Analysts said that the momentum in small- and mid-caps is likely to continue due to strong earnings, healthy retail inflows and anticipation of steady near-term returns."We reiterate a negative view on the benchmark index, but advise investors to stay stock-specific due to the prevailing outperformance of the broader indexes," said Ajit Mishra, senior vice president - technical research at Religare Broking.High weightage IT index gained 0.5% on easing rate concerns in the United States after second-quarter GDP data indicated the cooling of the economy. Indian IT firms earn a significant share of their revenue from the U.S.Among individual stocks, Jio Financial Services was locked at a 5% upper circuit for a third session in a row, on multiple block deals.Investors await domestic GDP data for the June quarter, due post-market hours. India's economic growth likely accelerated to 7.7%, a Reuters poll showed.
Sensex Today Live: Continuing the positive momentum, benchmark stock indices jumped in early trade on Wednesday, with Sensex surging more than 300 points amid positive global cues. In the Sensex pack, majority of the stocks were trading in the positive territory.M&M, Tech Mahindra, Tata Steel, Axis Bank, Infosys and Reliance Industries were among the gainers.Asian markets, including Japan and Hong Kong, were trading marginally higher on Wednesday.On Tuesday, European and US indices closed in the green.Sensex gained 79.22 points to close at 65,075.82 points while Nifty rose 36.60 points to settle at 65,229.03 points on Tuesday.In a pre-market open note, Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian stocks rose as China's largest banks reportedly prepare to cut interest rates and investors speculate that the US Federal Reserve is nearing the end of its tightening campaign."US stocks closed sharply higher on Tuesday, posting the third consecutive trading day of gains, following July job openings data that added more evidence of a cooling labour market and potentially more support for an eventual easing of interest rates by the US Federal Reserve," he said.Brent crude futures rose 0.33 per cent to USD 85.77 per barrel.Foreign Portfolio Investors (FPIs) were the net buyers, purchasing shares worth Rs 61.51 crore, as per BSE data.
Sensex Today Live: Equity benchmark indices traded on an optimistic note on Tuesday, extending their previous day's rally, amid firm trend in global markets. From the Sensex pack, Tata Motors, Tech Mahindra, NTPC, Power Grid, Jio Financial Services Ltd, Wipro, HCL Technologies and HDFC Bank were among the major gainers.Bharti Airtel, Axis Bank, Reliance Industries and IndusInd Bank were among the laggards.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains.The US markets ended in the positive territory on Monday.Global oil benchmark Brent crude declined 0.02 per cent to USD 84.40 a barrel.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,393.25 crore on Monday, according to exchange data.The BSE benchmark had climbed 110.09 points or 0.17 per cent to settle at 64,996.60 on Monday. The Nifty gained 40.25 points or 0.21 per cent to end at 19,306.05.
Sensex Today Live: Indian shares were marginally higher on Monday as gains in Reliance Industries ahead of its annual general meeting and in key sectors outweighed a drop in IT stocks on U.S. rate concerns.The Nifty 50 index was up 0.25% at 19,313.55 at 10:33 a.m. IST, while the S&P BSE Sensex rose 0.19% to 65,014.30.The more domestically focussed mid-caps and small-caps outperformed the blue-chips, rising over 0.4% each.Eleven of the 13 major sectors were higher. Metal stocks gained 0.6% after China, the largest producer and consumer of metals, approved guidelines to support its property sector.Also helping lift the market was Reliance Industries, which rose over 0.5% ahead of its annual general meeting. The oil-to-telecom conglomerate had lost 3.46% last week.While Asian stocks rose over 1% on Beijing's broad efforts to support its markets and economy, India's gains were subdued after Federal Reserve Chair Jerome Powell, on Friday, reiterated the central bank would make all efforts to tackle inflation. [MKTS/GLOB]The heavyweight IT stocks dropped 0.3% on the likelihood of prolonged high U.S. rates. IT companies earn a significant share of their revenue from the country."Sectors closely tied to the U.S. economy, like IT and pharma, are likely to experience increased volatility, while domestic-linked mid-caps and small-caps are likely to demonstrate resilience," said Vinod Nair, head of research at Geojit Financial Services.Rice exporters like KRBL, Chaman Lal Setia lost between 3% and 6% after the government imposed a 20% duty on exports of parboiled rice.On the technical front, the short-term market structure remains negative, said Shrikant Chouhan, head of research (retail) at Kotak Securities."If the Nifty 50 slips below 19,230, then selling pressure is likely to intensify."