Equity indices erase gains, financials drag
News | Jun 30, 2021, 09:06 PM ISTEquity benchmark indices shaved early gains to end flat on June 30 as the last day of Q1 FY22 came to a close amid the second wave of Covid-19 pandemic.
Equity benchmark indices shaved early gains to end flat on June 30 as the last day of Q1 FY22 came to a close amid the second wave of Covid-19 pandemic.
Market bulls remained firmly in control on June 15, lifting up equity benchmark indices amid buying across various sectors in a range-bound trading session.
Equity benchmark indices were range-bound on May 10 but closed in the green on the back of RBI's liquidity measures and indications of robust corporate earnings. At the closing bell, the BSE SandP Sensex was up by 296 points or 0.6 per cent at 49,502 while the Nifty 50 ticked higher by 119 points or 0.8 per cent to 14,942.
Equity benchmark indices cracked by 2 per cent on April 30 due to unabated rise in COVID cases and hiccups in vaccination drive amid unfavourable global cues. The BSE SandP Sensex closed 984 points or 1.98 per cent lower at 48,782 while the Nifty 50 plunged by 264 points or 1.77 per cent to 14,631.
Equity benchmark indices trimmed early gains to close flat on April 29 after traders booked profit in auto and financial scrips amid economic uncertainty.
Equity benchmark indices remained bullish despite trimming some early gains on April 26 following some reports that India's second wave of coronavirus will peak soon. The BSE SandP Sensex closed 508 points or 1.06 per cent higher at 48,387 while the Nifty 50 ticked up by 144 points or 1 per cent to 14,485.
Equity benchmark indices showed resilience amid resurgence in COVID-19 cases and closed half a per cent higher on April 15 led by pharma and financial scrips.
Equity benchmark indices traded within a narrow range on Friday as surging Covid cases became an area of serious concern with several cities declaring night curfews Market experts said unless this second wave peaks soon and subsides, economic activity will be impacted and uncertainty will weigh on investor sentiments.
Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.
Equity benchmark indices gained about half a per cent during early hours on Tuesday amid positive global cues with pharma and auto stocks gaining ground.
Equity benchmark indices traded in red with thin margins during early hours on March 22 tracking mixed cues from Asian markets. At 10:20 am, the BSE SandP Sensex was down by 278 points or 0.6 per cent at 49,580 while the Nifty 50 fell by 57 points or 0.4 per cent to 14,686. Most sectoral indices at the National Stock Exchanges were in the negative terrain expected from Nifty pharma which was up by 1.3 per cent while realty was up by 1.2 per cent. Nifty FMCG, metal and IT also gained marginally. Nifty private bank slipped by 0.9 per cent, financial services by 0.7 per cent. Among stocks, Powergrid and IndusInd Bank skidded by 2 per cent each while Reliance fell by 1.9 per cent to Rs 2,041 per share.
Equity benchmark indices closed higher on Friday but off the record levels of early session as the Reserve Bank of India (RBI) kept key interest rates unchanged and maintained accommodative stance. The BSE SandP Sensex closed 117 points or 0.23 per cent higher at 50,732 while the Nifty 50 edged higher by 29 points or 0.19 per cent to 14,924. Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank jumping by 3.62 per cent and financial service by 0.7 per cent. But Nifty auto, IT and private bank were in the red Among stocks, government-owned State Bank of India moved up by 11.3 per cent to Rs 395.30 per share. Kotak Mahindra Bank ticked up by 4.1 per cent and HDFC Bank by 1.1 per cent. However, Bharti Airtel dipped by 2.7 per cent to Rs 584.40 per share and Tata Motors skidded by 2.3 per cent. Axis Bank dropped by 3 per cent, ICICI Bank by 1.7 per cent, Tata Motors by 2.3 per cent, Maruti Suzuki by 1.8 per cent and GAIL by 1.4 per cent.
Equity benchmark indices erased early gains and traded flat during early hours on January 29 ahead of the Economic Survey to be tabled in Parliament.
Domestic equity market benchmarks BSE Sensex and Nifty 50 on Thursday were trading at fresh record highs. While BSE Sensex jumped over 240 points (0.50 per cent) to hit 50,000-mark for the first time ever, the broader Nifty 50 index crossed the crucial 14,700-mark. For the BSE Sensex, it took a little over three months to climb from 40,000 to 50,000 points. It took just nine sessions to gain 1,000 points from 49,000 points.
Equity benchmark indices swung higher during early hours on Thursday following a spurt in Asian markets with banking stocks taking a lead.
Equity benchmark indices traded lower by over one per cent during early hours on Friday in line with weak global cues.
Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains.
Equity benchmark indices ended flat after an extremely volatile trading session on Friday as the country's coronavirus infections crossed 20 lakh mark.
Equity benchmark indices surged nearly 1 per cent on Thursday after the Reserve Bank of India (RBI) kept the repo rate unchanged at 4 per cent.
Equity benchmark indices wiped out all intra-day gains to end flat on Wednesday but metal and auto stocks gained substantially.
Top News
Latest News
