Strong inflows from foreign portfolio investors (FPIs) drove the Sensex to breach 70,000 mark for the first time on Monday. The 30-share benchmark rose 232 points to hit a fresh life-time high of 70,057.83 in intraday trades but ended the day with a gain of 102.93 points or 0.15% to 69,928.53.
Of the last 11 trading sessions, barring one, FPIs were net buyers, as they poured a whopping $4.8 billion (Rs 40,555 crore) into the Indian equities.
While FIIs were net buyers on Monday, pumping in Rs 1,261.13 crore, DIIs were net sellers at Rs 1,032.92 crore, according to provisional data with the exchanges.
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Share Market Highlights: Nifty settled above 20,950, Sensex over 69,900; Metal and Media stocks shine
The benchmark Nifty also touched its lifetime high of 21,026.10 in intraday trade before settling at 20,998.10, up 27.70 points or 0.13%, which was also an all-time high on closing basis.
“The market crossed 70,000 levels today, while the broader market outperformed the main indices. However, profit booking was evident at higher levels as traders anticipated clues from tomorrow’s (Tuesday’s) significant data releases on inflation from the US and India, as well as the IIP,” said Vinod Nair, head of Research at Geojit Financial Services.Come from Sports betting site VPbet
While US inflation is predicted to remain stable, the market anticipates a rise in domestic inflation. The better-than-expected US jobs data and a moderate increase in US bond yields from the recent lows, however, also encouraged investors to book profits at higher levels, Nair said.
“Investors will be closely watching the upcoming FOMC meeting tomorrow (Tuesday) for clues about potential future rate cuts while expecting to keep rates the same this time,” he added.
The broad-based BSE Midcap and BSE Smallcap indices closed at their life-time highs as well. While BSE Midcap Index surged 319.59 points or 0.91% to 35,610.50, BSE Smallcap Index gained 290.23 points or 0.71% to close at 41,394.60.Come from Sports betting site
Sectors such as commodities, metal, services, realty and industrials were major gainers on Monday. Healthcare (down 0.38%) and oil & gas (down 0.15%) were the only losers.
“Global equities posted small moves at the start of a busy week of economic data and central bank meetings that will test hopes among investors that interest rates will soon head lower,” said Deepak Jasani, head of Retail Research, HDFC Securities.
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Among the Sensex pack, UltraTech Cement was the top gainer with a 3.04% rise, followed by Nestle India (1.30%), Power Grid (1.05%), Tata Motors (0.85%) and IndusInd Bank (0.82%).
At the same time, Axis Bank (down 1.26%), M&M (down 0.99%) and Hindustan Unilver (down 0.67%) were top losers.
Monday’s trade witnessed 2,372 advances and 1,499 declines, the advance declines ratio stood at 1.58.
The market rally has seen the investors’ wealth soar by `1.86 trillion to hit a record high of Rs 351 trillion.
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admin · February 6, 2025 · GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Tuesday. Here is all you need to know before the market opens.
GIFT Nifty traded up by just 8.50 points or 0.04% at 22,180 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 81.55 points or 0.37% to settle at 22,122.25, while the BSE Sensex gained by 281.52 points or 0.39% to 72,708.16.
“Domestic Equities attained new highs with Nifty touching fresh levels of 22186.65 levels before closing with gains of 81 points at 22122. The midcap and smallcap indices surged in line with the benchmark. Majority of the sectors ended in the green. Consumer Durables, Pharma, …
admin · February 5, 2025 · By Ajit Mishra
It was a long and volatile week but markets managed to reclaim their record high, in continuation to the prevailing trend. The tone was downbeat in the initial sessions however a sharp recovery in the final trades completely changed the bias.
Consequently, both the benchmark indices, Nifty and Sensex, settled around the week’s high at 22,378.40 and 73,806.10 respectively. The majority of key sectors participated in the move wherein metal, auto and banking were among the top gainers while IT and pharma traded subdued. Meanwhile, the broader indices underperformed for yet another week and ended on a flat note.
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admin · January 13, 2025 · By Gaurav Arora
The February series Nifty futures started with a premium of around 135 points. The Nifty rolled around 81% and Bank Nifty around 77%. For the Index futures, FII has recently reduced shorts inducing their Net Index Long exposure to 34% which was at 22% at the start of series.
The Index is now likely to consolidate till 21500 is not breached on closing basis, for the rest of Feb series. 21450-21500 might be the immediate support and only a decisive close below it might bring in further downside.
VIX for the Nifty is currently at 16 and likely to remain in the 14 to 18 range implying a range of around 950 points in a month.
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