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Share Market LIVE Updates: Sensex Narrows Early Gains, Up 55 Points, Nifty Hovers At 14,650 Led By Banking Shares

Sensex Narrows Early Gains, Up 55 Points; Nifty Hovers At 14,650
The Indian equity benchmarks moved higher on Tuesday paced by gains in banking and financial services shares.
Updated: May 04, 2021 10:04 am IST
The equity benchmarks have surrendered most of their early gains and are trading flat. Meanwhile, Asia s share markets were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. Back home, the Sensex rose as much as 278 points to hit an intraday high of 48,996.53 and Nifty 50 index briefly moved above its important psychological level of 14,700.
At 10:00 am, the Sensex was trading at 48,770.21, higher by 55 points or 0.11 per cent and the Nifty 50 index was at 14,657.17, up 24 point or 0.16 per cent.. ....

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Share Market Updates: Sensex, Nifty Gain For Third Session In A Row Led By Pharma, IT Shares

The Nifty 50 and the Sensex have fallen 5.5 per cent and 7.1 per cent, respectively, since hitting record highs in February. ....

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Share Market LIVE Updates: Sensex, Nifty Snap Three-Day Winning Streak On Broad-Based Selling Pressure

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's nearly 2 per cent fall. ....

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Share Market LIV E Updates: Sensex Drops Over 400 Points, Nifty Below 15,000 On Weak Global Cues

All the 11 sector gauges, barring the index of media companies, were trading lower led by the Nifty Bank index's over 1.5 per cent fall. ....

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Share Market LIVE Updates: Sensex Drops Over 1,800 Points, Nifty Below 14,600; India VIX Rises 28%

MSCI s broadest index of Asia-Pacific shares outside Japan slid more than 3 per cent.
The Indian equity benchmarks continue to witness intense selling pressure mirroring losses in other global markets as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. The Sensex fell as much as 1,848 points or 3.6 per cent and Nifty 50 index plunged 3.6 per cent to hit an intraday low of 14,554.
As of 12:57 pm, the Sensex was down 1,619 points or 3.2 per cent to 49,419 and Nifty tumbled 3.3 per cent or 502 points to 14,595.
Low interest rates made the rally possible form levels of 7,500 and the Nifty has doubled from those levels in last 12 months now signs of interest rate reversal are seen which means liquidity will dry up and easy money will not sustain. Nifty can go down 13,900 levels in the near term given the high valuations Nifty is trading at, A K Prabhakar, head of r ....

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