Sensex Today Live: Equity benchmark indices fell on Friday amid a weak trend in global markets. From the Sensex pack, Jio Financial Services Ltd fell 4.98 per cent to touch the lower circuit limit of Rs 205.15, falling for the fifth day running. IndusInd Bank, Larsen & Toubro, Bharti Airtel, Axis Bank, UltraTech Cement and ITC were among the other laggards.Bajaj Finserv, Tata Motors, Asian Paints and Maruti were among the gainers.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.The US markets ended lower on Thursday."The message from Fed chief Jerome Powell tonight will be keenly watched for any clues on the future trajectory of interest rates in the US," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Global oil benchmark Brent crude climbed 0.20 per cent to USD 83.53 a barrel.Foreign Institutional Investors (FIIs) were buyers on Thursday as they bought equities worth Rs 1,524.87 crore, according to exchange data."Traders will continue to maintain caution and may trim their equity exposure in case the global mood worsens ahead of Federal Reserve Chairman Jerome Powell's speech at the annual Fed Jackson Hole symposium later today."Traders would gauge from the Fed's speech whether inflation continues to remain a challenge and more rate hikes could be in the offing going ahead," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.The BSE benchmark had pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34 on Thursday. The Nifty declined 57.30 points or 0.29 per cent to settle at 19,386.70.
Sensex Today Live: Equity benchmark indices rallied in early trade on Thursday, extending their winning run for the fourth day running, amid positive global market trends and fresh foreign fund inflows. From the Sensex pack, Tech Mahindra, Larsen & Toubro, Power Grid, ICICI Bank, IndusInd Bank, Infosys, JSW Steel, Wipro, Titan and UltraTech Cement were among the gainers.Jio Financial Services emerged as the laggard.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.The US markets ended with gains on Wednesday.Foreign Institutional Investors (FIIs) turned buyers on Wednesday as they bought equities worth Rs 614.32 crore, according to exchange data."The near-term market outlook has turned distinctly positive with the US economy's soft landing narrative lifting sentiments globally and Chandrayaan-3's successful soft landing on the moon boosting sentiments in India," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.India's Moon mission Chandrayaan-3 touched down on the lunar south pole on Wednesday, making it the first country to land on the uncharted surface.Global oil benchmark Brent crude declined 0.31 per cent to USD 82.95 a barrel.The BSE benchmark had climbed 213.27 points or 0.33 per cent to settle at 65,433.30 on Wednesday. The Nifty had gained 47.55 points or 0.25 per cent to end at 19,444.
Sensex Today LIVE: Indian shares were little changed on Monday, as a rise in information technology stocks offset the slide in heavyweight Reliance Industries after its spin-off Jio Financial Services dropped in its trading debut.Jio Financial Services (JFS) fell 5% in its market debut, valuing it at around $19 billion. Reliance fell 1.42%. JFS and Reliance were the top Nifty losers. JFS will be removed from the Nifty and Sensex on Aug. 24, per exchange rules.On the flip side, IT stocks were up 0.47%, rebounding from a 1.47% tumble on Friday on worries about higher U.S. interest rates."Investors are worried that more rate hikes by the U.S. Federal Reserve and other key central banks would hamper global growth," said Prashanth Tapse, senior vice president (research), Mehta Equities.Adani group stocks extended their gains from Friday, adding between 1% and 6%. Adani Ports and Special Economic Zone was up 2.2%, the most on the Nifty, adding to its gains from Friday after GQG Partners raised its stake in the company.Asian markets declined on Monday after China delivered a smaller-than-expected rate cut, spurring deflation concerns and worries over the country's efforts to revive its economy."Till there is some clarity from Fed, the markets will be rangebound given the weakness in China," said Aishvarya Dadheech, chief investment officer at Fident Asset Management.
Sensex Today Live: Indian shares fell on Friday, dragged by IT stocks, tracking a slide in global equities on rate concerns in the United States and deflation and demand worries in China.Both benchmarks have lost over 0.5% so far in the week. If losses hold, the benchmarks would have slid for the fourth consecutive week, the first such instance since May 2022.IT firms, which earn a significant share of their revenue from the U.S., shed as much as 1.5% and was the top sectoral loser, on rising rate concerns in the world's largest economy.Tata Consultancy Services, Wipro and HCLTech were among the top Nifty 50 losers.Asian markets were subdued due to worries over China's property sector after the embattled real estate firm Evergrande filed for bankruptcy protection in a U.S. bankruptcy court. [MKTS/GLOB]Analysts added that a basket of worries, such as the depreciating Indian rupee currency, rising domestic inflation, moderation in foreign inflows, China slowdown and U.S. rate worries, could prompt further profit-taking in the markets."Investors should maintain focus on stock selection and risk management until the tone in global markets changes," said Ajit Mishra, senior vice president - technical research at Religare Broking.Shares of Adani Power, Adani Energy Solutions and Adani Green rose between 3% and 5% on a report that Abu Dhabi National Energy Company PJSC, known as TAQA, is mulling an investment of up to $2.5 billion in the conglomerate's power businesses.AU Small Finance Bank climbed 2.05% after domestic brokerage Motilal Oswal upgraded the stock to "buy" from "neutral", citing a potential uptick in earnings from fiscal 2025.
Sensex Today Live: Indian shares fell on Thursday, weighed by information technology (IT) and financial stocks, tracking weakness in Asian peers on worries over China's economy and Wall Street on interest rate concerns.High-weightage financials and IT shed 0.35% and 0.8%, respectively, while the fast moving consumer goods index lost 0.8%.Conversely, the more domestic-focussed midcaps and smallcaps rose over 0.5% each, outperforming the benchmarks.Asian markets declined, dragged by concerns over China's economy in the wake of subdued data over the last few sessions. The MSCI Asia ex-Japan index lost 0.5%.U.S. equities fell overnight after minutes of the Federal Reserve's latest policy meeting showed members were divided on the need for further rate hikes.Analysts said that rising global uncertainties have resulted in risk aversion and roiled investor sentiment."The Nifty is likely to consolidate between 19,300 and 19,600 levels in the near term," three analysts at domestic brokerage ICICI Securities said on Thursday, adding that the recent moderation in foreign inflows implies further pressure on financials."High interest rates in the U.S. could result in tight global liquidity and hurt fund flows to markets like India," said Rahul Sharma, head of research at Mumbai-based investment advisory firm Equity 99.Foreign portfolio investors (FPIs) bought shares worth 7.37 billion rupees ($88.6 million) in the first half of August, the lowest inflows since the end of February.Among individual stocks, Adani Power jumped 3% after investment firm GQG Partners bought an 8.1% stake in the power producer for $1.1 billion.Electric vehicle makers Olectra Greentech and JBM Auto climbed 5% and 3%, respectively after the government approved plans for a nearly 580 billion rupee scheme to deploy electric buses.
Sensex Today Live: Benchmark equity indices declined on Wednesday amid weak global market trends and continuous foreign fund outflows.From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors, Tata Steel, Bajaj Finserv, JSW Steel and ICICI Bank were the major laggards.ITC, Tech Mahindra, Infosys, State Bank of India, Wipro, HCL Technologies, Hindustan Unilever and NTPC were the gainers.In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.The US markets ended lower on Tuesday.Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank's comfort level for the first time in the current fiscal."There are strong headwinds, both globally and domestically, that can impact the market in the near term. Global headwinds are from the rising dollar index and spiking US bond yields. Consequently FIIs are selling. Domestically, the major headwind is the rising inflation," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.Global oil benchmark Brent crude declined 0.24 per cent to USD 84.69 a barrel.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,324.23 crore on Monday, according to exchange data.Equity markets were closed on Tuesday on account of 'Independence Day'.The BSE benchmark climbed 79.27 points or 0.12 per cent to settle at 65,401.92 on Monday. The Nifty gained 6.25 points or 0.03 per cent to end at 19,434.55.
Sensex Today Live: Indian shares declined on Thursday, led by financials, after the Reserve Bank of India (RBI) held its key rates steady for the third consecutive time as expected while raising its inflation forecast. Both the indexes lost more than 0.7% each following the announcement after falling 0.3% each ahead of the decision.While the monetary policy committee of RBI left the key repo rate unchanged at 6.5%, the central bank governor Shaktikanta Das said there could be a substantial rise in headline inflation in the near term and flagged uncertainties in the domestic food price outlook.The RBI also raised its retail inflation forecast for fiscal 2024 to 5.4% from 5.2% earlier.Sectors sensitive to domestic interest rates like financials, auto and realty fell between 0.2% and 0.9%.The RBI also asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term."The 1-month incremental CRR has triggered a small correction in the banks," said Samrat Dasgupta, CEO of Esquire Capital Investment Advisors. "The impact of this measure will, however, be marginal". The governor said the measure will be temporary and that the RBI will review it on Sept. 8.Consumer stocks like Asian Paints, Tata Motors , Tata Consumer, Nestle India were among the top Nifty 50 losers."It would be difficult for risky assets to perform in the face of the headwinds caused by tight monetary and financial conditions," said Sandeep Bagla, CEO of Mumbai-based Trust Mutual Funds.
Sensex Today Live: Indian shares were subdued in early trading on Tuesday, as caution ahead of upcoming key data offset gains in pharmaceutical stocks.Eleven of the Nifty's 13 major sectoral indexes gained, with pharma index rising as much as 1.04% to a record high.Drug maker Gland Pharma surged 19.85% after reporting 41% rise in June-quarter revenue, aided by the acquisition of French firm Cenexi.The broader midcaps and smallcaps added over 0.3% each, outperforming the blue chip indexes."Decent, but in-line June quarter results, reasonable macroeconomic positions, but rich valuations show that the investment environment is good but nowhere as great as is being made by stock market valuations," wrote three analysts from Kotak Institutional Equities.Asian equities fell, with the MSCI Asia ex-Japan index losing 0.76% as investors digested weaker Chinese trade data ahead of key inflation readings from China and the U.S. [MKTS/GLOB]Domestic investors also await the Reserve Bank of India's policy decision, due on Thursday."The RBI is likely to keep the rates on hold given the rise in inflation since the last policy," said Amit Kumar Gupta, Founder of Fintrekk Capital."Expect earnings-linked, stock-specific action to continue for the next few sessions with consolidation in benchmarks to continue."Among individual stocks, Hero MotoCorp jumped as much as 3.38% and was the top Nifty gainer, after the two-wheeler maker said that it received more than 25,000 bookings for Harley-Davidson X440.Adani Green climbed 3.53% after INQ Holdings, a subsidiary of Qatar Investment Authority (QIA), bought a near-2.7% stake in the company in a bulk deal, according to data on Bombay Stock Exchange (BSE).