The NSE Nifty 50 ended 0.95 points lower …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 ended 0.95 points lower to settle at 22,513.65, while the BSE Sensex gained just 20.58 points or 0.03% to 74,248.22. The broader indices ended in mixed territory, with gain led by Small-cap and Large-cap stocks. Bank Nifty index ended higher by 432.25 points or 0.90% to settle at 48,493.05. Realty and Banks stocks outperformed among the other sectoral indices while IT and Media stocks shed.
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15:35 (IST) 5 Apr 2024
Share market today live updates | Markets at close
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 gained 162.65 points or 0.67% to settle at 24,286.50, while the BSE Sensex jumped 545.34 points or 0.69% to 79,986.80. The broader indices ended in mixed territory, with gain led by Large-cap and Mid-cap stocks. Bank Nifty index ended higher by 921.15 points or 1.77% to settle at 53,089.25. Financial Services and Banking stocks outperformed among the other sectoral indices while Media stocks shed.
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15:35 (IST) 3 Jul 2024
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The NSE Nifty 50 gained 162.65 points or 0.67% to settle at 24,28…
By Gaurang Somaiya
The rupee consolidated in a narrow range after the RBI’s policy statement, wherein it held rates unchanged and maintained its policy stance of ‘withdrawal of accommodation’. The central bank maintained its policy rate and stance considering India’s strong economic growth and sticky inflation. Robust growth momentum means the MPC would be in no mood to cut rates sooner. In the last couple of sessions, the rupee fell near fresh lows as the dollar gained strength against its major crosses and also as geopolitical tensions in West Asia were on the rise. The latest data released on the domestic front showed inflation rose to 4.89% against an expectation of 4.9%. On the other hand, industrial production grew 5.7% in February as compared to growth of 3.8% in the previous month, suggesting that growth remains consistent in the manufacturing sector.
This week, apart from the WPI number, market participants will also be keeping …
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 153 points or 0.72% at 20,064, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 slumped 302.95 points or 1.41% to settle at 21,150.15, while the BSE Sensex dropped by 930.88 points or 1.30% to 70,506.31.
“The Nifty experienced a sharp correction as bearish sentiment persisted. It failed to sustain above 21500, resulting in increased call writing at the 21500 strike, subsequently leading to a significant downturn. At its lowest point, the Nifty dropped just below 21100 before recovering to close above that level. Looking ahead, there might be a consolidation phase for the Nifty in the near term. Resistance is expected around 21500, while support is anticipated a…
By Mihika Sharma
The Indian rupee strengthened marginally by 0.1% against the dollar in June, closing at 83.39. While factors such as a strong dollar, higher crude oil prices and a depreciating yuan weighed on the rupee, net foreign portfolio inflows offered support.
The dollar index (DXY) strengthened by 1.1% to 105.9 in June, driven by weakness in the Euro (EUR) and Japanese Yen (JPY), even as economic data suggested easing inflationary pressures in the United States.
EUR/USD depreciated by 1.2% due to political uncertainty ahead of France’s elections, while the JPY fell by 2.3% against the dollar to its weakest level in nearly four-decades amidst the Bank of Japan’s gradual approach towards monetary policy normalization.
Rupee to trade between 83.60 – 84.10/$ in near-term says CareEdge Rating MSCI Rejig: HDFC Bank likely to see $1.8 billion inflows, Vodafone Idea, RVNL and 6 other stocks li…
The share price of Wipro tanked 4.25% to Rs 390.10, a day after the company posted second-quarter profit at Rs 2,646.30 crore, down 0.5% as against Rs 2,659.00 crore during the same period last year. Wipro saw its attrition falling to 15.5% in the September quarter, from 17.3% in the June quarter. Utilisation for Wipro has, however, improved to 84.5% in the September quarter. The company said it is paying a standard 80% variable pay to its employees in Q2.
Wipro’s share price fell 4.45% in the last five days, 8.34% in the last one month, while it gained 9.28% in the last six months and 4.30% in the last one year.
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Jefferies, a leading foreign brokerage, anticipates a prolonged upswing in corporate spending and the housing cycle, projecting a five-plus year growth trajectory. These sectors, constituting 75% of the total capital expenditure (capex), emerge as major drivers.
Jefferies suggests that any potential dip in capex plays, influenced by waning confidence in government-led initiatives, could present a strategic buying opportunity. The brokerage identifies Larsen & Toubro (L&T), State Bank of India (SBI), Lodha, Godrej Properties, Ultratech Cement, Thermax, Polycab, KEI, Kajaria, JSW Energy, and Coal as its preferred capex cycle plays, signaling positive prospects for investors in India’s evolving capex landscape.
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The report also anticipates a modest 7-8% growth in the government capex budget for the fiscal year 2025 in the upcoming interim Budget. Jef…