The stock index, which touched a new record high, fluctuated early in the day rose in the last few hours. The Nifty declined by more than 200 points during trading. The Nifty rose by over 100 points to close at 14,653 points in the morning trade. However, as investors continued to use every downturn as an investment opportunity, the market witnessed a strong uptick and closed with gains.

Shares of public sector banks, automobiles and pharma gained. Mahindra & Mahindra & SBI are the top gainers in the Nifty.

Bank Nifty today recorded an all-time high. Bank Nifty was under slight selling pressure after rising to 32,683 points.

Shares of Bharti Airtel rose as much as 60 per cent this morning. Bharti Airtel’s foreign direct investment (FDI) limit in its subsidiaries has been hiked to 100 per cent with immediate effect.

Most of the Nifty stocks were gainers. 26 stocks gained while 24 stocks lost.

The post Sensex is close to 50,000 points appeared first on The Gulf Indians.

The Nifty, which opened above 11,600 on December 16, never went below 11,600 points.
Meanwhile, Nifty Bank Index, which has been the main bank in the Nifty for the past few weeks, did not show any significant gains on the day. Shares of real estate, metal and pharma were the top gainers on the day. Shares of public sector banks fell. The Nifty Metal index rose by 1.79 per cent. Meanwhile, the Nifty PSU Bank Index fell by 1.63 per cent.

The Nifty real estate index rose more than five per cent. Housing demand is expected to pick up. Godrej Properties recorded the highest price ever. Indiabulls Real Estate rose 15 per cent and DLF 10 per cent.

Recently, real estate stocks performed better than the Sensex and Nifty. The Nifty Real Estate Index has risen over 20 per cent in the last one month. At the same time, the Nifty is up only seven per cent in a month.

Most of the stocks in the Nifty gained on the day. Out of the 50 stocks in the Nifty, 36 gained while 14 lost. Hindalco, Bharti Airtel, HDFC, Divis Lab and ONGC were the top five gainers in the Nifty. These stocks gained over 2 per cent.

The post Nifty goes above 11,600 for the first time appeared first on The Gulf Indians.

The Sensex closed at 43,882 points and the Nifty at 12,859 points. The Nifty traded down more than 250 points during the day. The day’s low was 12,730 points. Similarly, the Nifty rose to 12,892 points during the day.

IT, FMCG and bank stocks were the major contributors to the day’s gain. The Nifty Bank Index was up 1.15 per cent, the Nifty FMCG Index was up 1.19 per cent and the Nifty IT Index was up 1.40 per cent.

Bajaj Finserv, Titan, GAIL, Bajaj Finance and Bharti Airtel were the top five gainers. Bajaj Finserv rose 9.27 per cent. Shares of Titan, GAIL, Bajaj Finance and Bharti Airtel gained over 3 per cent each.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 33 stocks gained while 17 stocks fell. Shares of Reliance, Adani Ports, IndusInd Bank, Axis Bank and Sun Pharma lost ground. Reliance fell 3.66 per cent.

The post Stock market rebounds after a day appeared first on The Gulf Indians.

The stock market gained for the fifth day in a row on November 6. The prospect of Joe Biden becoming the United States President has raised the prospects of a new stimulus plan. This is the reason why the market is booming. The Sensex was up by 552 points and the Nifty by 143 points. The market has been on a bullish trend since November 6 morning.

The trading day started with gains. The Sensex remained above 41,000 points. The Sensex closed at 41,893 points. The Nifty rose again to 12,250 points. Nifty gained 143 points to 11,280. The day’s low was 12,131 points. The Nifty closed at 12,263 points.

The majority of Nifty stocks traded higher on the day. Of the 50 stocks in the Nifty, 32 gained while 18 lost. Bajaj Finserv, Reliance Industries, Indus Ind Bank, HDFC Bank and Kotak Mahindra Bank were the top five gainers today. These stocks gained over 3 per cent.

Banking and IT stocks were the biggest gainers on the day. The Nifty Bank Index was up 1.99 per cent. The Nifty IT index gained 1.02 per cent.

Maruti Suzuki, GAIL, Bharti Airtel, Ultratech Cements and Asian Paints were the top five losers in the Nifty. Maruti Suzuki fell 2.63 per cent.

The post Stock market gains for the fifth day appeared first on The Gulf Indians.

The morning trade started with a slight gain but then moved towards a loss. But since then, the market has seen a surge. The Nifty rose 100 points from a low.

The Sensex closed at 39,757 points. 39,968 points. The day’s low is 39,334 points. Similarly, Nifty rose by 26 points to 11,725. The Nifty closed at 11,669 points after falling sharply to 11,557 points.

The majority of Nifty stocks traded higher on the day. Of the 50 stocks involved in the Nifty, 26 gained while 24 lost. IndusInd Bank, ICICI Bank, Axis Bank, HDFC and Bharti Airtel were the top five gainers on the day.

IndusInd Bank gained 6.45%. ICICI Bank, Axis Bank, HDFC and Bharti Airtel gained over 5 per cent.

Bank stocks were the biggest gainers on the day. Similarly, the Nifty Banking Index rose by 4.15 per cent. ICICI Bank’s strong performance led to the rise of other bank stocks.

Reliance Industries, Divis Lab, Acer Motors, HCL Tech and TCS were the top five losers in the Nifty. Reliance Industries fell 8.69 per cent. Second-quarter results fell short of market expectations.

The post Stock market gains after three days of loses 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 started with gains but later moved towards losses.

The Sensex fell below the support level of 40,000 points. The Sensex closed at 39,922 points. It was up 40,664 points. The day’s low was 39,774 points.

The Nifty fell below the 11,800-point mark. It was up 11,929 points but lost 160 points on strong volatility. Similarly, the Nifty fell by 11,685 points to close at 11,730 points.

Most of the Nifty stocks lost ground. Out of the 50 stocks in the Nifty, 41 stocks lost while only nine stocks gained. Bharti Airtel, UPL, Mahindra & Mahindra, Eicher Motors and Hero Motors were the top five gainers in the Nifty. Bharti Airtel gained 3.38 per cent. Indications are that Bharti Airtel is on the upswing, which has led to a rise in share prices. The upgrade of the company by various brokerages has also been a positive factor for the move.

Bank stocks were the biggest losers. The Nifty Bank Index lost 2.17 per cent. No sector registered gains. HDFC, IndusInd Bank, ICICI Bank, Adani Ports and Dr Reddy’s Lab were the top five losers in the Nifty. These stocks fell more than 3 per cent.

The post Market fluctuation continues; Sensex down 599 points 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.

The Sensex closed at 38,973 points. The day’s low was 38,819 points. It was the continuation of progress on October 1.

The Nifty rose again to 11,500 points and ended at that level. The wide-based National Stock Exchange Nifty rose to 11,578 points. Since then it has fallen to 11,452 but closed above 11,500.

The Indian market was also a reflection of the progress in the global market. IT and metal stocks led the gains on the day. The Nifty IT index was up 3.47 per cent. TCS is up 7.23 per cent. TCS will consider buying back the shares at its October 7 board meeting. The TCS board will meet on Wednesday ahead of the announcement of the July-September quarterly results. Following this news, the share price of TCS has risen by more than 7 per cent/

Most of the 50 stocks in the Nifty were gainers on the day. Thirty stocks gained while 20 stocks lost. TCS, Wipro, Tata Steel, Sun Pharma and JSW Steel were the top gainers. TCS and Wipro were up over 70 per cent.

Bajaj Finserv, Shree Cements, Bharti Airtel, Bajaj Finance and GAIL were the top five losers.

The post Stock market continues to surge; Nifty above 11,500 points appeared first on The Gulf Indians.

The Sensex was up 94 points and the Nifty was up 25 points. At the end of the day, the Sensex was trading above 38,000 points. The Sensex closed at 38,068 points. The Sensex had gained 38,236 points during the trading session. The stock had a low of 37,828.11 points at one point and then rebounded.

The Nifty was seen trading in the range of 11,200 to 11,300. It fell to 11,185 points and rose to 11,295 points. The Nifty closed at 11,247.

Most of the 50 stocks in the Nifty were down. Twenty-nine stocks lost while only 21 stocks gained. Grasim Industries, Tech Mahindra, Titan Industries, Nestle India and Dr. Reddy’s Lab were the top gainers. Grasim Industries, Tech Mahindra and Titan Industries gained over 2 per cent each.

BPCL, Bharti Airtel, Tata Steel, JSW Steel and IndusInd Bank were the top five gainers in the Nifty. BPCL fell 9 percent. Shares of Bharti Airtel, Tata Steel and JSW Steel lost over 3% each.

Metal stocks fell while FMCG stocks gained. The Nifty FMCG index gained 1.34 per cent. At the same time, the Nifty metal index fell by 2.14 per cent.

The post Stock market gains after volatile trading appeared first on The Gulf Indians.

The Sensex ended at 37,388 points. It had dropped to 36,730.52 points in the morning session but gained since then. The Nifty was back up above 11,000 points. Similarly, the Nifty closed at 11,050 points. The Nifty fell to 10,854 points in the morning session and advanced 200 points.

Most of the 50 stocks in the Nifty gained on the day. Forty-seven stocks gained while three stocks lost. Bajaj Finserv, HCL Tech, Cipla, Bharti Airtel and L&T were the top gainers on the day. Bajaj Finserv gained 6.60 per cent. Shares of HCL Tech, Cipla, Bharti Airtel, L&T, IndusInd Bank, Grasim Industries and Adani Ports gained over 4 per cent.

SBI Life, BPCL and UPL were the only three Nifty stocks to lose ground. Zee Ltd lost 6.60 per cent.

Auto and IT stocks were the top gainers on the day. The Nifty Auto Index gained 3.38 per cent and the Nifty IT Index gained 3.46 per cent. Bank, FMCG and pharma stocks also gained.

The post Stock market recovers after series of slumps appeared first on The Gulf Indians.

The Nifty started trading above 70 points on the day. However, the Nifty did not return to 11,584 points at the start of trading. The market has seen an increase in the intensity of volatility. Meanwhile, Nifty fell to 11,446 points during the trading and closed above 11,500. The stock closed at 11,505.

The Sensex started trading above the psychological level of 39,000 points but dropped during the trading session. It fell to 38,653 points at one point during trading. It closed at 38,845 points.

Most of the 50 stocks in the Nifty traded higher on the day. Twenty-eight stocks gained while 22 lost. Pharma stocks were the main contributor to the market on the day. Leading pharma stocks Dr. Reddy’s gained 9.92 per cent and Cipla 7.11 per cent. The Nifty Pharma index gained 5 per cent.

Dr. Reddy’s is up 20 per cent this week. Dr. Reddy’s ‘Laboratories’ signing of agreement with Russia to test and distribute the vaccine for COVID caused the stock price to rise sharply. Pharma stocks such as Dr. Reddy’s, Cipla, Lupin, Divis Lab, Cadillac Healthcare and Biocon were at 52-week highs on the day.

Dr. Reddy’s Cipla, Adani Ports, Bharti Airtel and Mahindra & Mahindra were the top five gainers in the Nifty. Adani Ports and Bharti Airtel gained over 3 per cent each.

The biggest losers were HDFC Bank, Sree Cements, Bajaj Finserv, Kotak Mahindra Bank and Maruti Suzuki. HDFC Bank fell 2.28 per cent.

Bank stocks continued to decline. Similarly, the Nifty Banking Index lost 1.30 per cent. Bandan Bank, IDFC First Bank, HDFC Bank and Punjab National Bank lost over two per cent.

The post Sensex down 323 points; Nifty above 11,500 appeared first on The Gulf Indians.

The Sensex closed above 39,000 points and the Nifty closed above 11,500. Volatility was as visible as in the previous days but at no point in trading did it go down from September 14’s closing level.

The Sensex ended at 39,044 points. The Sensex has surpassed the psychological level of 39,000. The day’s low is 38,753 points. Similarly, the Nifty closed at 11,521 points. It had fallen to 11,442 points at one point but closed above 11,500.

Most of the index-based stocks were profitable on the day. Thirty-one stocks in the Nifty gained while 19 lost. Pharma and bank stocks were the main gainers of the day. IndusInd Bank, UPL, Cipla, Bharti Airtel and Axis Bank are the top five gainers in the Nifty. IndusInd Bank rose 4.27 per cent. Shares of UPL, Cipla, Bharti Airtel, Axis Bank, Sun Pharma, Bajaj Finance and ICICI Bank rose more than 2 per cent.

The Nifty Pharma index was up 1.93 per cent. Shares of Lupin, Aurobindo Pharma, Cipla, Biocon, Torrent Pharma and Sun Pharma rose more than 20 per cent. Similarly, Nifty rose by 1.65 per cent. The major gainers were IndusInd Bank, IDFC First Bank, Axis Bank and ICICI Bank. Shares of smallcap continued to rise on the day.

Titan Industries, Maruti Suzuki, ITC, HDFC Life and Asian Paints were the biggest losers in the Nifty.

The post Sensex up 287 points appeared first on The Gulf Indians.

The Sensex ended at 38,756 points. It was up 39,230 points on September 14. But The Sensex has not been able to cross the psychological level of 39,000.

The Nifty was up 11,568 points at one point but could not sustain gains. It closed at 11,440 points. It had fallen to 11,384 points during trading but closed above 11,400.

Most of the index-based stocks were down. Of the 34 stocks in the Nifty, only 16 gained. IT stocks were the main gainers on the day. HCL Tech, TCS, Wipro, Tech Mahindra and UPL are the top five gainers in the Nifty.

The Nifty IT index was up 4.44%. Shares of HCL Technologies rose 10.60 per cent on the back of strong performance in the second quarter. This led to the rise of other IT stocks as well. TCS was up 4.85 per cent and Wipro was up 4.45 per cent. IT stocks such as HCL Tech, TCS, Wipro and Infosys hit 52-week highs on the day.

Bharti Airtel, Bajaj Finance, BPCL, Powergrid and SBI were the biggest losers in the Nifty. Bharti Airtel, Bajaj Finance and BPCL fell more than 3 per cent.

The Nifty Realty Index was up 3.72 per cent. At the same time, selling pressure on bank shares was visible.

SEBI’s proposal to change the investment ratio of multicap funds has led to a surge in smallcap stocks. The Nifty Smallcap 50 Index was up 6.25 per cent on the day.

The post Sensex down 98 points; IT stocks gain appeared first on The Gulf Indians.

The Sensex ended 664 points higher at 38,840 points. The day’s low was 38,367 points. The Nifty rose above 11,450 points at one point. The stock closed at 11,449.25 points. The Nifty rose by 140 points on the day from its lowest level.

The Indian stock market opened higher on the back of gains in the US stock market on September 9. At no point in the trade did the indices lose ground.

Shares of Reliance Industries, which had not had a significant impact on the market over the past few weeks, surged, giving the market a boost. The news that Reliance is in talks to invest Amazon in retail has led to a rise in stock prices.

Thirty stocks in the Nifty rose while 19 stocks declined. There was no change in the share price. Reliance Industries, BPCL, Asian Paints, IOC and Axis Bank were the top five gainers. Reliance gained 7.29 per cent and BPCL 6.02 per cent. Shares of Asian Paints, IOC, Axis Bank and Grasim Industries gained more than 3 per cent each.

Shares of Public Sector Banks were the main gainers on the day. Metal stocks, meanwhile, faced selling pressure.

Infratel, Hindalco, Tata Steel, Bharti Airtel and Dr Reddy’s Lab were the biggest losers in the Nifty. Infratel fell 4.78 percent. Hindalco and Tata Steel lost more than 2% each. The Nifty Metal Index lost 1.14 per cent.

Banking stocks rose on the day as the Supreme Court adjourned its hearing on a petition seeking a waiver of interest during the moratorium to September 28. Shares, which have been selling in recent days, rose.

The post Stock market rises; Nifty close at 11,450 appeared first on The Gulf Indians.

Thirty-five Nifty stocks rose while 15 stocks declined. Bharti Airtel, JSW Steel, Hindalco, Asian Paints and Bajaj Finance were the top five gainers in the Nifty. Bharti Airtel rose 7.11%. Shares of JSW Steel, Hindalco, Asian Paints, Bajaj Finance, NTPC and Tata Steel gained over 4%.

The Supreme Court ruling on the payment of AGR arrears by telecom companies has created a mixed reaction among stocks in the sector. Shares of Bharti Airtel rose 70 per cent, while Vodafone Idea fell more than 12 per cent.

The September 1 verdict was eagerly awaited one of the Supreme Court. The Supreme Court has allowed telecom companies 10 years to pay AGR arrears. This deadline will start on April 1, 2021. The court also ordered that 10 per cent of the amount be paid by March 31. The telecom companies had asked the Supreme Court to allow them 15 years. The verdict has generated a positive response in the market in general.

Metal stocks performed the best on September 1. The Nifty Metal Index was up 3.15 per cent. Shares of JSW Steel, Jindal Steel, Hindalco, Tata Steel, SAIL and National Aluminum rose over 40 per cent. The Nifty Pharma index was up 2.34 per cent and the Nifty FMCG was up 1.28 per cent. Leading pharma stocks Biocon gained 7.63%.

Infratel, ONGC, Axis Bank, Adani Ports and Infosys were the biggest losers in the Nifty.

The post Sensex up 272 points, closes at 38,900 appeared first on The Gulf Indians.

The Sensex ended at 39,073 points on the day. It was up 39,111 points during trading. The day’s low was 38,765 points.

On August 25, the US stock market set a new all-time high. The stock market continues to jump. This was also reflected in the boom in the Indian market. Right now, global indicators are mainly driving the Indian market.

Similarly, the Nifty closed at 11,549 points. The stock ended the day at 11,462 points.
Thirty-two Nifty stocks gained while 18 stocks lost. Tata Motors, Hero Motors, IndusInd Bank, Zee Limited and Kotak Mahindra Bank were the top five gainers in the Nifty. Tata Motors was up 8.81 per cent and Hero Motors was up 6.49 per cent. IndusInd Bank and Zee Limited gained over 5 per cent.

The Nifty Bank Index was up 1.39 per cent and the Nifty Auto Index was up 1.46 per cent. The move to cut GST on two-wheelers has benefited companies in the sector. This is the main reason why Hero Motors jumped.

Bharti Airtel, Ultratech Cements, Asian Paints, Maruti Suzuki and HDFC Life were the top five losers in the Nifty. Bharti Airtel and Ultratech Cement fell more than two per cent.

The post Sensex reaches above 39,000 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 up by 86 points and the Nifty by 23 points. The Nifty closed above 11,400 points, indicating that the stock market will continue to rise. 11,377 is the key pressure level of the Nifty. The market is gaining strength on the back of two consecutive days of trading above this level.

The Sensex ended at 38,614 points. The Sensex had gained 38,788.51 points in the morning trade. Similarly, the Nifty closed at 11,408 points. The Nifty is currently trading at its highest level of 11,460 points.

Twenty eight stocks in the Nifty gained while 22 stocks lost ground. Bharti Airtel, Maruti Suzuki, ICICI Bank, United Phosphorus and Indian Oil Corporation were the top five gainers in the Nifty. These stocks gained over one per cent.

Bank and metal stocks were the main gainers on the day. Punjab National Bank rose 4.41 per cent. Federal Bank, Bank of Baroda and RBL Bank gained over 2% each. Leading metal major National Aluminum rose 70 per cent. Metal stocks have been steadily gaining over the past few days.

Bajaj Auto, ONGC, Nestle India, Kotak Mahindra Bank and Britannia were the top five losers in the Nifty. Bajaj Auto fell 1.20 per cent.

The post Nifty closes above 11,400 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.