Sensex tanks 509 pts, Nifty below 10,200, Weekly stock market reports

Share markets extended decline to post their third weekly loss with a broad-based sell-off, led by index heavyweights HDFC, HDFC Bank, Reliance Industries and ITC. Sentiment took a hit after TDP (Telegu Desam Party) reportedly decided to leave the ruling NDA govt. 

The BSE Sensex fell 1.51% or 509.54 points to 33,176 and the NSE Nifty index fell 1.59% or 165 points to 10,195. Both indices posted their third consecutive weekly fall. For the week, the Sensex fell 0.39% and the Nifty fell 0.31%. 

All the sectoral indices ended in the red with Metal index falling 2.3% followed by O&G down by 2.09%, energy, power, realty, auto, capital goods, finance and healthcare sectors falling by 2.09 % to 1.32%. 

Reliance Industries and HDFC contributed the mostly to the fall in BSE Sensex, as they lowered it by 72 pts and 50 pts respectively. ITC and HDFC Bank also hit it off by 47 points and 29 points respectively, out of the total fall of 468 points. 

Top Gainers and Losers on NSE: Mahindra & Mahindra (+1.99%), Yes bank (+0.85%), HUL (+0.77%), Wipro (0.55%) and Tech Mahindra (-0.47%) were top gainers on Nifty50. On the other hand, IOC (-4.22%), Tata Motors (-3.85%), Ultratech (-3.55%), and BPCL (-3.43%) were the top losers.

Sensex, Nifty end in red, PSU banks rally, Stock trading news for tomorrow

Equity benchmark indices logged small losses in volatile trade on Wednesday amid divergent trend in index pivotals. The BSE Sensex fell 21.04 points at 33,835.74 and the NSE Nifty-50 index fell 16 points at 10,410.90. 

Shares of HDFC, ITC plunged while shares of PSU banks rose up to 14 percent. Shares of oil marketing companies namely Indian Oil Corpn (IOC), HPCL and BPCL tumbled up to 3.3 percent with IOC losing the most. Stocks of PSU bank, IT and private banks closed in the green territory with PSU bankers gaining the top. 

In the Sensex pack, shares of Yes Bank, Maruti Suzuki, Axis Bank, SBI, ICICI Bank and NTPC rose upto 1.85% to 0.35% in range, while shares of Hero MotoCorp, ONGC, Tata Steel, Bharti Airtel, HDFC and Bajaj Auto, were the top laggards falling up to 2 percent. 

The stocks of PSU banks witnessed a relief rally for the second straight day with shares rising up to 14 percent. Bank shares such as IDBI Bank, Andhra Bank, OBC, Union Bank, Allahabad Bank, Syndicate Bank, Indian Bank, Canara Bank, Bank of Baroda, SBI, PNB, Bank of India rose in different extents.

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Sensex ended lower, Nifty closes flat, TCS shares fall 5 pc

Closing Update- Sensex closed 61 points lower to 33,856.78 on Tuesday’s closing, dragged by IT stocks in spite of positive key economic data. NSE’s Nifty 50 ended flat edging up 5.45 points to close at 10,426.85. IT shares suffered most dragged by TCS, which plunged over 5% after a series of block deals. 

BSE Mid-Cap and BSE SmallCap outperformed the Sensex and closed higher by 1% and 1.14%, respectively. BSE sectorally, stocks of telecom, realty, Oil & Gas and consumer durables ended higher, whereas IT and Teck closed lower. 

Bank Nifty gained by 0.3 percent. The Nifty PSU Bank index was the top gainer which surged 3.5% followed by Realty and Pharma index, while, FMCG and IT index were the top losers. Shares of Bank of India rose 9.5%, Andhra Bank rose 7%, Bank of Baroda up 6%, Canara Bank up 5%. 

Nifty Top Gainers are HPCL (+4.32%), BPCL (+4.05%), Infratel (+2.65%), GAIL India (+2.59%) and Sun Pharma (+2.31%). ON the other hand, top losers include TCS (-5.44%), Kotak Bank (-1.62%), NTPC (-1.26%), Hindalco (-1.08%), and Ambuja Cement (-0.85%). 

Closing Updates- Sensex up 600 pts, Nifty reclaims 10,400, Tomorrow Stock Tips

Indian equity market made a strong comeback on Monday after a subdued activity for last one week with Sensex rising up 610.80 points to 33,917.94, while Nifty rose 194.55 points to 10,421.40.  

Shares ITC emerged as the major booster in uplifting the key equity indices followed by a continued rally in shares HDFC, Reliance, ICICI Bank, Axis Bank, Infosys, NTPC, HDFC Bank, L&T and Bharti Airtel, were the lead gainers in Sensex components. 

All the sectoral indices excluding Nifty PSU Bank index ended in green with Nifty FMCG, Nifty Private Bank, Nifty Metal, Nifty Auto, Nifty Bank, Nifty Financial Services leading the charge rising up to 2%. 

Among the PSU bankers, shares of IDBI Bank, Central Bank of India, Andhra Bank, Union Bank of India, UCO Bank faced the major jolt with stocks of IDBI Bank and Andhra Bank dropping up to 9 percent. Shares of most of the Midcap & Smallcap companies also gained in line with large-cap stocks, as the broader market indices of NSE, Nifty Next 50, Nifty 100, Nifty 200, Nifty 500 etc rose 0.8 to 2 percent. 

The govt will release inflation data based on consumer price index and industrial production data in later hours today.

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Closing Bell: Nifty Toppers of the Day, Stock Prediction for Tomorrow- 12 March

Benchmark closed mildly lower on Friday, with the Sensex ended lower by 44.43 points at 33,307.14 and the Nifty down by 15.8 points at 10,226.85. Investors kept on the sidelines due to want of clarity on the US tariff on steel & aluminium imports. Both indices shed 2.2% this week, in their second consecutive weekly fall. 

The stock of Reliance Communications shed 13.75 percent to a day’s bottom level of Rs 21.65 before settling down 9.76 percent at Rs 22.7 on NSE. 

Bank Nifty underperformed ending the session 0.74% lower. The Nifty PSU Bank stocks continued to register selling pressure plunging 1.81 percent Shares of Canara Bank and IDBI Bank seeing steep cuts of 6.25 percent and 5.48 percent respectively. 

More than 116 stocks which include Allahabad Bank, BEML Limited and United Bank of India hit fresh 52-week lows on NSE on Friday.  

Top Gainers and Losers on NSE: Tech Mahindra (up 2.30%), Bajaj Finance (up 1.83%), TCS (up 1.03%), Eicher Motors and Zee Entertainment up 1% each, as top gainers. On the other hand, top laggards include Tata Steel (-3.65%), Axis Bank (-2.60%), Adani Ports (-2.08%), YES Bank (-1.85%) Sun Pharma (-1.59%).

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Sensex up over 300 points, Nifty above 10,200; shares of SBI, ICICI Bank, RIL gain

Key benchmark indices clocked modest gains on Thursday with the BSE Sensex closing 305 points higher at 33,351.57 and NSE Nifty closing at 10,235.95. 

Shares of State bank of India, ICICI Bank, Adani Ports, Reliance Industries and Mahindra and Mahindra rose over 2% each. Shares of telecom sector rose by up to 5 percent on BSE in intra-day deals after the Union Cabinet on Wednesday eased various spectrum norms in the space. 

In Nifty constituents, ICICI bank and Adani Ports were among toppers, whereas shares of Tata Steel, Sun Pharmaceuticals, GAIL India, Yes Bank and Aurobindo Pharma closed in the red, by over 1% each. Bank Nifty regained close to 400 pts from the low point of the day closing 1.42 percent higher. 

Most realty stocks advanced. Oberoi Realty (up 3.92%), Sobha (up 2.25%), DLF (up 1.53%), Godrej Properties (up 0.62%), Indiabulls Real Estate (up 0.58%) and Unitech (up 0.46%) gained. However, HDIL (down 3.42%) and Prestige Estates Projects (down 0.60%) dropped. 

Asian shares jumped on optimism that US President Donald Trump’s plan to set up heavy tariffs on steel & aluminium imports could exclude some key partner countries.

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Closing Update- Sensex Nifty lower on Weak Asian cues, Tomorrow Stock Tips

BSE Sensex ended lower by 300.16 points to 33,746.78, while the NSE Nifty-50 fell 99.50 points to close at 10,358.85 hit by continued selling in metal, FMCG and auto stocks, amid weak Asian cues.  

BSE MidCap declined 0.95 SmallCap fell 1.09% each. Most of the sectoral indices on BSE ended lower with metal stocks shedding most at 3.30% followed by energy 2.16% and basis materials 2.14%. Auto stocks, oil and gas and capital goods stocks were other major losers on the BSE. 

Metal stocks such as NMDC, NALCO, Hindalco, Jindal Steel & Power and JSW Steel plunged the most. Nifty Metal index closed the day falling over 3%, with all components in the red.  

Shares of Tech Mahindra, Sun Pharma, TCS, Mahindra & Mahindra, UPL, State Bank of India, Kotak Mahindra Bank and NTPC remained the gainers of the day in the Nifty50.  

On the other hand, Tata Motors, Hindalco Industries, Aurobindo Pharma, Tata Steel, Ambuja Cements, HPCL and Reliance Industries stood among the top losers of the day.