India’s headline index, the S&P BSE Sensex, fell over 1,800 points on Thursday, marking its third-biggest decline this year. However, this is not an isolated incident, as the index has fallen by 1,000 points or more on seven other occasions in 2024. Today’s decline is the third largest of 2024, with the 30-stock index hitting … Read more
Benchmark Sensex and Nifty closed marginally down in a volatile session on Thursday as investors booked profits in heavyweights ahead of quarterly results. Stocks that were in focus include names like TCS, which fell 0.18%, Hindalco, which gained 0.25%, and Shipping Corp, whose shares Jumped 20% on Thursday. Here’s what Riyank Arora, Technical Analyst at … Read more
The turnover of derivatives in BSE Sensex scaled a high of Rs 6.06 lakh crore on the weekly expiry of Friday to post highest single-day turnover in the exchange. In the options segment, the turnover was Rs 6.06 lakh crore, and Rs 61 crore in futures segment. The turnover jumped 77% from previous week’s expiry … Read more
BSE Sensex is likely to hit the 100,000 mark over the next 4-5 years, riding on the robust economic growth of the country, top voices on Dalal Street, including Chris Wood, Mark Mobius, Shankar Sharma and Sandip Sabharwal opined. Jefferies’ Global Head of Equity Strategy Chris Wood last week said the 100,000 mark seemed reasonable … Read more
S&P BSE Sensex breached the psychological 62,000 mark on Tuesday after a gap of 145 days and is trading just 2.5% (1,500 points) shy of the all time high of 63,583.07, which the 30-stock index hit on December 1, 2022. Sensex was last seen trading in the 62,000 territory on December 14, 2022. At 12:15 … Read more
Tracking negative cues from global peers, benchmark equity indices snapped four-week gaining streak and closed lower for the second straight day on Friday, dragged by auto and private sector bank stocks. The 30-share Sensex ended 87 points lower at 61,663, while its broader peer Nifty 50 settled just above the 18,300 level. Among Sensex stocks, … Read more
Benchmark equity indices closed in the red on Thursday in a volatile market following their global peers after the US Fed’s 75 bps interest rate hike. The 30-share Sensex ended 70 points lower at 60,836, while its broader peer Nifty 50 ended just above the 18,050 level. Among Sensex stocks, , Corp, , , , … Read more
While traders are busy debating over whether Sensex will rally another 2,700 points anytime this year to zoom past its all-time record high of 62,245.43 touched in the autumn of last year, long-term investors are doing back-of-the-envelope calculations on when will the index hit the magic 1-lakh mark. Earlier this year, Jefferies‘ global head of … Read more
NEW DELHI: With Tuesday’s intraday gain, the BSE Sensex has climbed over 9,100 points from June low, outshining regional global peers by a good margin. The Dalal Street gains, Rs 50 lakh crore in market value terms, have largely been led by hopes that the domestic economy may stay on a strong footing even as … Read more
NEW DELHI: With the Sensex having rallied over 9,000 points since mid-June to zoom past the 60,000 mark, market participants are left wondering whether both Sensex and Nifty will scale record high levels before Diwali, which is roughly two months away. While the 50-share index Nifty is less than 700 points away from the record … Read more