Equity benchmarks indices staged spectacular performance on Thursday with the Sensex rising nearly 500 points Intraday on short covering after yesterday’s unexpected RBI action. Withdrawal of incremental CRR hike by the central bank, bargain hunting, weakness in dollar positive global cues ahead of the European Central Bank meeting due later today and renewed FIIs buying… Read More »
Equity Benchmarks as well as broader markets snapped a four-day winning streak Thursday with the Nifty breaking 8200 level in late sell-off, weighed by banks and telecom stocks. Profit booking after a relief rally, weak European cues and domestic liquidity concerns caused selling pressure.
Equity benchmarks indices started off Tuesday’s trade on a strong note with the Sensex rising 237 points Intraday but pared gains amid late profit booking. The selling pressure was seen in FMCG, technology and select banks while auto, oil and telecom stocks gained. Share holders maintained a cautious stance ahead of macro-economic data – GDP,… Read More »
Supported by positive Asian and European markets, the Indian share market closed Wednesday trading session in the positive zone with major leads for the second consecutive session. Investors still expected conception to remain weak given continued worries about the economic impact from Narendra Modi’s action, with volatility expected ahead of the monthly expiry of obtained… Read More »
Equity benchmarks indices closed range bound session on a negative note Thursday with the Nifty ending below 8100 for the first time since June 27. Investors remained cautious about 2HFY17 growth after demonetization. The 30-share BSE Sensex down 71.07 points at 26227.62 and the 50-share NSE Nifty felled 31.65 points to 8079.95 while the broader… Read More »