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Profit booking drags Sensex, Nifty below flatline, snaps record streak

VCCircle

VCCircle · 11m ago

Profit booking drags Sensex, Nifty below flatline, snaps record streak

Indian shares closed marginally lower on Friday as investors took profits after a week of record-high gains. The Nifty 50 ended down 0.07% and the BSE Sensex dropped 0.3%. Financial stocks, which had risen since the US rate cut, fell nearly 1%. IT companies, on the other hand, rose after US-listed Accenture posted strong quarterly earnings. Metal stocks gained over 7% during the week, thanks to strong metal prices and hopes for Chinese stimulus measures. Ten of the 13 major sectoral indexes had weekly gains.

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Rupee snaps six-session losing streak, gains limited by lingering outflows

Economic Times

Economic Times · 1m ago

Rupee snaps six-session losing streak, gains limited by lingering outflows

The Indian rupee halted its six-session losing streak but remained steady against the U.S. dollar, closing at 86.4050 despite the recovery of Asian currencies. Persistent dollar demand from foreign banks, possibly from foreign portfolio outflows, limited the rupee's gains. Simultaneously, Indian equity benchmarks Sensex and Nifty 50 fell by 0.6% due to losses in major technology stocks. Meanwhile, global equity markets reached record highs amid optimism over trade agreements between the U.S. and European countries.

Sensex, Nifty record longest losing streak this year so far

VCCircle

VCCircle · 10m ago

Sensex, Nifty record longest losing streak this year so far

- Sensex and Nifty experienced their longest losing streak of the year, for six consecutive sessions. - The decline was attributed to concerns over corporate earnings and the escalation of the conflict in the Middle East. - Nifty 50 and S&P BSE Sensex both recorded losses, with Nifty losing 0.87% and Sensex shedding 0.78%. - The recent pullback resulted in a 5.6% loss for Nifty and a 5.2% loss for Sensex since hitting record high levels on Sept. 27. - The volatility index reached a one-month high of 15.08. - IT stocks were the only major sector where gains were made, with the IT index advancing 0.7%.

Nifty snaps longest losing streak, can stock market extend gains?

Business Today

Business Today · 5m ago

Nifty snaps longest losing streak, can stock market extend gains?

In the latest session, Sensex jumped 740 points, reaching 73,730, while Nifty increased by 254 points to 22,337. The significant gains in both indices suggest a positive market trend following a prolonged losing streak. This uplift raises optimism about the possibility of extending market gains in upcoming sessions, providing a much-needed breather to investors and potentially shifting market sentiment positively.

Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900

Money Control

Money Control · 1y ago

Nifty, Sensex close near flatline; Bank Nifty hits fresh high of 51,900

On June 19, the Indian stock market experienced a choppy and volatile trading session, with Sensex and Nifty ending nearly flat. The Sensex closed up 0.05 percent at 77,337, while the Nifty 50 was down 0.2 percent at 23,521. Banking and IT stocks led the gains in the Nifty 50, while construction and energy stocks declined. Bharti Airtel, Maruti Suzuki, and Titan were among the worst-hit stocks. The volatility index, India VIX, rose nearly 6 percent to 13.7. Investors are now looking forward to the Union Budget in July.

Sensex, Nifty 50 rise as Reliance results, foreign inflows boost sentiment

VCCircle

VCCircle · 4m ago

Sensex, Nifty 50 rise as Reliance results, foreign inflows boost sentiment

Sensex and Nifty 50 rose on a Monday, driven by strong earnings from Reliance Industries and consistent foreign inflows, despite India-Pakistan tensions. The Nifty 50 added 1.2%, while the BSE Sensex gained 1.27%. Reliance Industries surged by 5.26% after exceeding profit expectations. Foreign portfolio investors have maintained their investment streak, supporting market sentiment. Additionally, the prospect of a U.S.-India trade agreement and interest in large-cap stocks, like Reliance, bolstered the market.

Sensex Drops 600 Pts, Nifty Slips Below 24,850: 3 Reasons Behind Tuesday’s Market Fall

OutlookIndia

OutlookIndia · 3m ago

Sensex Drops 600 Pts, Nifty Slips Below 24,850: 3 Reasons Behind Tuesday’s Market Fall

The stock market experienced a decline on Tuesday, as the Sensex fell over 600 points and the Nifty slipped below 24,850. Key reasons for this fall include profit booking, which led to bearish market sentiment, mixed Q4 earnings that underperformed expectations, and waning bullish sentiment among investors. Despite these challenges, mid- and small-cap segments showed resilience supported by better-than-expected earnings, whereas large-cap stocks continued to underperform amid the downturn.

Stock market: 5 reasons why Sensex, Nifty are on a winning spree

Business Today

Business Today · 5m ago

Stock market: 5 reasons why Sensex, Nifty are on a winning spree

The Sensex and Nifty benchmarks continued their winning streak for the fourth consecutive session, each climbing over 1% on Thursday.

Sensex, Nifty end lower on Friday, capping gains for the week

VCCircle

VCCircle · 1y ago

Sensex, Nifty end lower on Friday, capping gains for the week

Indian shares ended lower on Friday, with the Nifty 50 dropping 0.8% and the Sensex falling 1%. The decline came as profit booking set in after the Nifty 50 reached a record high earlier in the session, resulting in lower weekly gains for the blue-chip indexes. IT stocks led the decline, with HCL Technologies dropping 8.5% after missing revenue estimates for the March quarter. Overall, the Indian markets are expected to remain volatile until the results of the national elections are announced on June 4.

Nifty posts longest losing run in three-decade history on global trade conflict

VCCircle

VCCircle · 5m ago

Nifty posts longest losing run in three-decade history on global trade conflict

India's Nifty 50 experienced its longest losing streak in three decades as global trade tensions escalated due to U.S. President Donald Trump’s tariffs on key trading partners. The Nifty fell 0.17%, and the BSE Sensex dropped by 0.13%. These developments are part of a 4% drop over 10 sessions and a 16% decline from a record high. Escalating trade conflicts could affect global growth and inflation, impacting market flows into emerging markets like India.

Nifty 50 closes at new high, records longest weekly rising streak of 2024

VCCircle

VCCircle · 1y ago

Nifty 50 closes at new high, records longest weekly rising streak of 2024

India's Nifty 50 index reached a new high and recorded its longest weekly rising streak of the year. Energy stocks offset the decline in HDFC Bank, pushing the Nifty 50 to a 0.09% gain, while the S&P BSE Sensex dipped 0.07%. Both indexes settled at record closing highs for the majority of the week, with the Nifty 50 adding 1.2% overall. IT stocks, including Infosys and Tata Consultancy Services, led the gains with a weekly increase of 4.3%, supported by soft US economic data and expectations of a rate cut in September.

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