NEW DELHI: Building on last week’s gains, Sensex and Nifty started the Hindu accounting year Samvat 2080 on a positive note by ending 0.5% stronger. Sensex ended 355 points higher while Nifty ended comfortably above the 19,500-zone. Buying action was more visible in the broader market as the smallcap index rallied over 1% with Welspun … Read more
India’s blue-chip indices fell on Friday and logged weekly gains, dragged by consumer stocks on lacklustre earnings, while US rate worries and rise in crude prices hurt sentiment. The NSE Nifty 50 index closed 0.42% lower at 19,542, while the S&P BSE Sensex fell 0.35% to 65,397. Both the benchmarks lost over 1% for the … Read more
“The breadth is also relatively weak and that is the reason you are seeing relatively more wild swings. But given the low leverage positions in the market, the market is obviously very, very light so it has more legs to climb the key levels,” says Sandeep Tandon, CIO, Quant Mutual FundIt seems like new highs … Read more
As global cues turned negative and concerns over continued monetary tightening weighed, Indian indices ended Friday’s session on a weak note. Nifty ended over 0.5% lower at 17,944, while Sensex also lost 0.52% to close at 61,002.5. Broader markets, meanwhile, underperformed their headline peers, with Nifty Midcap 100 falling 0.8%. Here’s how analysts read the … Read more
The US economy also witnessed substantial issues in its pharma market. In addition to these, manufacturing & exporting countries around the world saw heightened raw material price inflation followed by supply chain disruption. All these affected the margins of the companies deeply. Synopsis Indian pharmaceutical market flattened after the pandemic led to a massive upsurge … Read more
A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days. Shares in ViacomCBS and Discovery tumbled … Read more