The Nifty crossed the 13,200 mark at one point but closed below it. The Nifty was down 100 points during the day. At the same time, the Nifty was able to close with gains. Metal stocks and public sector bank stocks were the top gainers. Private banks came under selling pressure.

The Nifty Metal Index, which continues to outperform the Nifty, rose 2.31 per cent. Shares of SAIL and Hindalco rose more than 4 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 35 gained while 15 lost. Maruti Suzuki, NTPC, ONGC, Hindalco and SBI were the top five gainers in the Nifty.

Today, Maruti shares were up over 7 per cent. Maruti Suzuki India (MSI), the country’s largest carmaker, sold 1.53,223 units in November. Sales were up 1.7 per cent from November last year. The positive news helped Maruti’s share to jump.

The post Surge in stock market continues appeared first on The Gulf Indians.

The stock market witnessed loses after a continuous jump. It still set a new record, but later closed with a loss due to fluctuations.

The Sensex was down 623 points and the Nifty was down 180 points. The Sensex closed at 43599.02 points and the Nifty closed at 12,771.50 points. The volatility was very strong during the trade. The Nifty traded down more than 200 points during the day. The day’s low was 12,745 points. The Nifty had gone up to 12,963 points.

The main losers were banking stocks, which have led the market in recent days. The Nifty Bank Index fell 3.02 percent. Banking stocks such as SBI, Axis Bank and ICICI Bank were the biggest losers.

Power Grid, ITC, NTPC, Tata Steel and Titan are the top five gainers in the Nifty. Powergrid rose 2.45 per cent. Shares of ITC, NTPC, Tata Steel and Titan gained over one per cent.

Most of the stocks in the Nifty fell. Thirty-three Nifty stocks lost while 17 gained. Shares of SBI, Axis Bank, ICICI Bank, HDFC Life and JSW Steel lost more than 3 per cent.

The post Stock market slumps after continuous surge appeared first on The Gulf Indians.

The Sensex closed at 43952.71 points and the Nifty at 12874.20 points. The Nifty traded down about 150 points during the day. The day’s low was 12,797 points. Similarly, the Nifty rose by 12,934 points.

Metal and bank stocks were the major contributors to the day’s gains. The Nifty Bank Index was up 2.05 per cent and the Nifty Metal Index was up 2.49 per cent.

The top five gainers were Tata Motors, Tata Steel, HDFC Life, SBI and Adani Ports. Tata Motors rose 6.15 per cent. Shares of Tata Steel, HDFC Life and SBI gained over 5 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 30 stocks gained while 20 stocks lost. Shares of BPCL, Hero Motors, NTPC, ONGC and IOC lost ground.

The post Nifty above 12,800 points appeared first on The Gulf Indians.

The stock market lost ground on November 12 after eight consecutive days of gains. The Sensex was down 236 points and the Nifty 58 points. The decline was due to high levels of profit booking.

The Sensex closed at 43357.19 points and the Nifty 12690.80 points. The Nifty traded down 120 points during the day. Nifty was down by 12,624 points. The Nifty had risen to 12,741 points during the day.

Shares of banks, which had made a major contribution in the past few days, fell. The Nifty Bank Index fell 1.73 per cent. All stocks in the Nifty Bank Index fell. Bank of Baroda and SBI fell more than 3%.
At the same time, FMCG stocks rose. The Nifty FMCG index was up 1.28 per cent.

Hindustan Unilever, Grasim, Sree Cements, Hindalco and ITC were the top five gainers in the Nifty. Shares of Hindustan Unilever, Grasim and Shree Cements gained over 2 per cent.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. Shares of SBI, Kotak Mahindra Bank, Coal India, IndusInd Bank and NTPC lost over 2 per cent.

The post Eight-day surge in market ends appeared first on The Gulf Indians.

Indian equities fell for the third day in a row on volatility in global markets. Uncertainty ahead of the US presidential election has caused the market to continue to decline. The Sensex was down 135 points and the Nifty was down 28 points.

The stock market continued to fluctuate sharply on October 30. The morning trade started with gains. The Nifty moved higher by 80 points but could not sustain it. The Nifty rose by 11,749 points, but lost 28 points as the trading session ended. The Nifty traded down by 200 points. The Nifty, which had crashed to 11,535 points, had strong support at 11,550 points. The Nifty closed at 11,642 points.

The Sensex closed at 39,614 points. It had risen to 39,988 points in the morning. The day’s low was 39,242 points.

Despite the fall in the stock index, most of the stocks in the Nifty registered gains. Out of the 50 stocks in the Nifty, 27 stocks gained while 23 stocks lost ground. Adani Ports, BPCL, Coal India, NTPC and Sun Pharma are the top five gainers in the Nifty. Adani Ports gained 4.46 per cent. Shares of BPCL, Coal India, NTPC and Sun Pharma rose more than 2 per cent.

Metal stocks gained while auto stocks came under selling pressure. Bharti Airtel, Hero Motors, Maruti Suzuki, Aysher Motors and Bajaj Finance were the top five losers in the Nifty. Bharti Airtel lost 4 per cent. Shares of Hero Motors, Maruti Suzuki, Eicher Motors and Bajaj Finance fell more than 2 per cent.

The post Stock market falls for third day in a row appeared first on The Gulf Indians.

The market ended with a loss after strong fluctuations. The morning trade also started with a loss. At no point in the trade did the Nifty rise above October 21’s closing level.

The Sensex closed at 40,558 points. It was up 40,721 points but could not cross the 41,000 level. The day’s low was 40,309 points.

The Nifty had a strong resistance of 11,900 points. It rose to 11,939 points but failed to make gains. Similarly, the wide-based National Stock Exchange index Nifty fell by 11,823 points to close at 11,896 points.

Most of the Nifty stocks lost ground today. Out of the 50 stocks in the Nifty, 22 gained while 28 lost. NTPC, Tata Motors, Bharti Airtel, IOC and Bajaj Finance are the top five gainers in the Nifty today. NTPC gained 4.13%. Shares of Tata Motors, Bharti Airtel, IOC and Bajaj Finance gained over 2 per cent each.

Metal stocks gained. Bank and IT stocks, meanwhile, lost ground. Hero Motors, IndusInd Bank, ICICI Bank, Titan and Hindalco were the top five losers in the Nifty. Hero Motors fell 3.03 per cent.

The post After four days of gains, the stock market falls appeared first on The Gulf Indians.

Nifty fell to 11,822 points on October 14 morning, but later rose more than 150 points. It closed at 11,964 points. The Nifty was able to stay above 1,950 points. The stock had gained 11,997 points during the trading session.

The Sensex closed at 40,794 points. The Sensex fell to 40,279.5 points. It was up 40,880 points during the day.

Bank and financial services stocks were the top gainers of the day. Shares of private banks, NBFCs and life insurance companies gained. At the same time, IT stocks, which had been gaining in the past few days, have shown a weak performance on the day.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 26 stocks gained while 24 stocks lost. Bajaj Finserv, SBI Life, Bajaj Finance, IndusInd Bank and ICICI Bank were the top gainers. Bajaj Finserv rose 4.10 per cent. Shares of SBI Life, Bajaj Finance, IndusInd Bank and ICICI Bank gained over 2 per cent each.

Wipro, NTPC, ONGC, Coal India and Tata Motors were the top five losers in the Nifty. Wipro fell 7.06 per cent. Wipro’s quarterly results announced on Oct 13 fell short of market expectations. Shares of NTPC, ONGC, Coal India and Tata Motors fell more than 2 per cent.

The post Stock market surges for 10th day in a row appeared first on The Gulf Indians.

The Sensex closed at 38,697 points. The day’s low was 38,410 points. After last week’s correction, this week’s the best performance. The Nifty rose again to 11,400 points and ended at that level. The market started well and then continued to gain. The Nifty closed at 11,417.

On September 30, the central government introduced more restrictions on lockdowns to help the market. It is a reflection of the progress in the global market, which is also seen in the Indian market.

Bank stocks led the gains on the day. The Nifty Bank Index was up 3.70 per cent. IndusInd Bank was up 12.44 per cent on the day.

Most of the 50 stocks in the Nifty were gainers. Thirty-nine stocks gained while only 11 stocks lost. IndusInd Bank, Bajaj Finance, Axis Bank, Bajaj Auto and ICICI Bank were the top gainers. Shares of Bajaj Finance, Axis Bank, Bajaj Auto, ICICI Bank, Tech Mahindra, Adani Ports, Bajaj Finserv and Kotak Mahindra Bank gained over 3 per cent.

Dr Reddy’s Lab, ONGC, ITC, NTPC and Titan were the top five losers in the Nifty.

The post Sensex up 629 points; Nifty above 11,400 appeared first on The Gulf Indians.

The Nifty rose again to 11,600 points after August 28, indicating that the market trend is technically strong. The Nifty has not been able to break through the 11,600 resistance level in the last two weeks.

At no point in the trade did the market go down significantly from last day’s closing level. Unlike in the past, the market was less volatile.

The Sensex closed at 39,302 points. The day’s low is 39,037.96 points. Similarly, the Nifty closed at 11,604 points. It was down at one point to 11,516 points but ended at 11,618.

Most of the 50 stocks in the Nifty gained. While 29 stocks in the Nifty gained 19 stocks lost. The share price remained unchanged for two. Dr. Reddy’s Laboratories, Mahindra & Mahindra, Hindalco, Bajaj Auto and Britannia were the top five gainers in the Nifty. Dr. Reddy’s Laboratories was up 4.44 per cent and Mahindra & Mahindra was up 4.09 per cent. Shares of Hindalco, Bajaj Auto and Britannia rose more than 300 per cent.

Pharma and automobile stocks were the main gainers on the day. The Nifty Pharma Index gained 2.08 per cent. Shares of Dr. Reddy’s, Cadila Healthcare, Sun Pharma and Lupin Pharma rose more than 2 per cent.

The Nifty Auto Index was up 1.53 per cent. Automobile stocks Mahindra & Mahindra gained 4.09 per cent and Bajaj Auto 4.02 per cent.

IndusInd Bank, NTPC, Infratel, SBI and Axis Bank were the biggest losers in the Nifty. IndusInd Bank fell 2 per cent.

The post Nifty closes above 11,600 points appeared first on The Gulf Indians.

Similarly, the Nifty rose by 21 points to close at 11,355 points. It was up 11,381 points during trading. The Nifty was gained after falling to 11,252 points in the morning.

Twenty-seven stocks in the Nifty while 23 stocks declined. Infratel, HDFC Life, Dr Reddy’s Laboratories, ITC and Hindustan Unilever were the top five gainers. Infratel was up 5.72% and HDFC Life was up 3.24%. FMCG and IT stocks too gained.

Mahindra & Mahindra, UPL, Bajaj Finance, GAIL and NTPC were the biggest losers in the Nifty. All these stocks lost more than two per cent.

Earlier, the Nifty broke its resistance at 11,377 points. The market went down after breaking this level last week. On September 7, the market fell to 11,250 points. Today, 11,377 points are seen as the market’s pressure level again. The market could not rise above this level. The next support is at 11,100. The market is likely to continue to fluctuate strongly.

The post Sensex up 60 points on Sept.7 appeared first on The Gulf Indians.

The 30-share benchmark Sensex fell by 633 points to close at 38,357 points. The market witnessed sharp fluctuations throughout the trading session. The Nifty was down 193 points. The Nifty was up by 11,452.05 points at noon but fell by 120 points. The Sensex was up by 38,729.66 points, but fell sharply.

The sharp fall in the US market on September 3 was also reflected in the Indian market. Strong selling pressure on technology stocks led to a decline in the US market.

When 49 stocks in the Nifty registered losses, only one gained. Maruti Suzuki is the only major gainer. Maruti rose 1.76 per cent.

Tata Steel, Axis Bank, Adani Ports, JSW Steel and NTPC were the top five losers in the Nifty. All these five stocks lost more than three per cent.

Metal stocks were the biggest losers. The Nifty Metal Index was down 3.01 per cent. The Nifty Bank Index was down 2.21 per cent, the Pharma Index was down 2 per cent and the Energy Index was down 1.91 per cent.

The post Nifty falls below 11,350 points appeared first on The Gulf Indians.

The Sensex was down 214 points and the Nifty 59 points. The Sensex closed at 38,434 points on August 21. The Sensex had gained over 38,579 points in the trading session.

Similarly, the Nifty closed at 11,371 points. The stock had gained 11,418 points during the trading session. The market saw gains in the afternoon. The stock ended near the Nifty’s support level of 11,377.

Thirty stocks in the Nifty gained while 20 stocks lost ground. The top five gainers were NTPC, Powergrid, Asian Paints, HDFC Bank and Hero Motors. Shares of NTPC, Powergrid and Asian Paints rose over 4%.

Banks and energy stocks were the main gainers on the day. Similarly, the Nifty rose by 1.42%. HDFC Bank and Federal Bank gained over 2% each. Energy stocks such as NTPC and PowerGrid rose above 40%. At the same time, metal stocks fell after sustained gains.

Zee Ltd, ONGC, Hindalco, Bharti Airtel and Tata Steel are the top five losers in the Nifty. Zee Limited fell 4%.

The post Sensex up 214 points, closes at 38,434 appeared first on The Gulf Indians.

The Sensex was down 394 points and the Nifty 96 points. The Sensex ended at 38,220 points on August 20. The Sensex had gained over 38,402 points in the morning session. Similarly, the Nifty closed at 11,312 points.

Thirteen Nifty stocks gained while 37 stocks lost. The top five gainers were NTPC, Powergrid, ONGC, Coal India and BPCL. NTPC rose 6.87 per cent.

Energy stocks were the main gainers on the day. The Nifty Energy Index rose 1.98 per cent. Adani Transmission gained 10%; Tata Power was up 8%. Metal stocks also gained. Leading metal stocks Jindal Steel rose 3.25%. Metal stocks have been gaining steadily over the past few days.

Bank stocks, meanwhile, came under selling pressure. The Nifty Bank Index was down 1.29 per cent. Ten of the 11 stocks in the Nifty Bank index lost ground.

Tata Motors, HDFC, Axis Bank, ICICI Bank and Wipro were the top five losers in the Nifty. Shares of Tata Motors, HDFC, Axis Bank and ICICI Bank fell more than 2 per cent.

The post Sensex down 394 points, closes at 38,220 appeared first on The Gulf Indians.

The Sensex ended at 38,050 points on August 17. The Sensex ended lower at 37,734 points. The Sensex rose more than 300 points from a low.

The Nifty closed at 11,247 points. The Nifty traded lower by 11,144 points and then rose by more than 100 points. The Nifty is currently trading at a high of 11,267 points.

Thirty-nine stocks in the Nifty gained while 11 stocks lost. The top five gainers were NTPC, Eicher Motors, Zee Limited, Hindalco and Bajaj Auto. NTPC gained 7.47%. Eicher Motors, Zee Limited, Hindalco, Bajaj Auto and Hero Motors gained over four per cent.

SBI, Bharti Airtel, BPCL, Reliance and Tata Motors were the top five losers in the Nifty. SBI fell 1.55 per cent.

Automobile and metal stocks were the main gainers of the day. Similarly, the National Stock Exchange index Nifty gained 2.43 per cent. Of the 15 stocks in the Nifty Auto Index, 12 gained.

Similarly, the Nifty metal index rose by 2.51 per cent. The last few days have seen a steady rise in metal stocks. Jindal Steel was up 5.16 per cent and Hindalco was up 4.46 per cent.

The post Nifty back above 11,200 points appeared first on The Gulf Indians.

The Nifty was down 122 points on August 14. Nifty closed at 11,178.40. It traded higher at 11,366.25 points, after which it fell by more than 250 points. The Nifty is currently trading at its lowest level of 11,111.45.

Nifty 37 stocks lost ground while 13 stocks gained. The top five gainers were JSW Steel, Coal India, Sun Pharma, Cipla and NTPC. JSW Steel and Coal India gained over 2 per cent.

Eicher Motors, Tata Motors, Mahindra & Mahindra, Axis Bank and Bajaj Finance were the top five losers in the Nifty. Eicher Motors fell more than 7 per cent. Shares of Tata Motors fell 4.80 per cent. Mahindra & Mahindra reported a loss of 3.27 per cent. Axis Bank and Bajaj Finance fell more than two per cent.

Automobile and bank stocks were the main losers on the day. The Nifty Auto Index gained 2.56 per cent. All 14 stocks except Ashok Leyland, which is listed on the Nifty Auto Index, declined.

The Nifty Bank Index ended with a loss of 2.33 per cent. Bank of Baroda, RBL Bank, IDAFC First Bank and Punjab National Bank lost three to four per cent each.

At the same time, metal stocks gained on the day. Metal stocks have been steadily gaining over the past few days. August 14 was also a day of gains for pharma stocks. Lupine was up 8.97 per cent.

The post Stock markets fall for third day in a row appeared first on The Gulf Indians.