In early trade, the rupee is trading flat against the US dollar

On Tuesday, the rupee opened flat versus the US dollar, owing to a lackluster trend in domestic equity markets and continued foreign capital outflows. The rupee opened sluggish versus the dollar at 77.56 on the interbank foreign exchange, before becoming volatile and trading in a narrow range of 77.56 to 77.51. The native currency was […]

Sensex down 200pts, Nifty tests 18,000; RIL, HDFC twins weigh

After a tepid start, the key benchmark indices were seen holding marginal losses in late morning trade-off the low of the day as gains in select IT and FMCG shares helped offset losses in financials.The BSE Sensex from an opening high of 60,786, had slipped to an intra-day low of 60,227. The index, however, was down around […]

Sensex jumps over 300 points in early trade; Nifty above 17,300

Equity benchmark Sensex surged over 300 points in early trade on Tuesday, following gains in index majors HDFC, Maruti Suzuki, and ICICI Bank amid a largely positive trend in global equity markets. Besides, a fall in international crude prices supported the market sentiment, traders said. The 30-share BSE barometer was trading 317.22 points higher at 57,910.71. Similarly, the […]

Sensex, Nifty surrender early gains as boiling oil plays spoilsport

Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on […]

Sensex, Nifty end lower in see-saw session; HDFC bucks trend

Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent Likewise, the NSE Nifty see-sawed between […]

Sensex rebounds over 1700 points to reclaim 58K, Nifty ends above 17,300

European stocks and U.S. futures rose Tuesday after a report fuelled optimism that Russia is de-escalating tensions with Ukraine. Russia said Tuesday that some forces deployed near Ukraine were beginning to return to their bases, after a build-up of Moscow’s army around Ukrainian borders spurred fears of an invasion. After a bruising sell-off on Monday, […]

Sensex tanks 1200 pts, Nifty at about 17000, support at 16900-17000, TCS, Sun Pharma gain

Benchmark indices BSE Sensex and NSE Nifty 50 opened lower on Monday amid weak global cues. The Sensex was down 1,197.86 points or 2.06% at 56955.06, and the Nifty was down 348.00 points or 2.00% at 17026.80. M&M, SBI, ITC, L&T and ICICI Bank were among major losers on the Nifty, while gainers were ONGC and TCS. All the sectoral indices are trading in the red […]

MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market

Mutual fund houses launched 140 new fund offerings (NFOs), which collected about Rs 1 lakh crore in 2021 on a sharp rally in the markets and an exceptional increase in the retail investors’ interest. However, the current volatility in the stock market might prompt asset management companies (AMCs) to limit the launch of NFOs this year, said MyWealthGrowth.com co-founder […]