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.

Although it failed to close above 14,000 points on the last day of 2020, the market surpassed that target on the first day of the New Year. It has become a daily sight that the market is moving to new heights.

On the New Year day, public sector bank stocks were the main gainers. The Nifty PSU Bank Index was up 3.25 per cent. IT and auto stocks also rose. Foreign investment firms continue to invest behind the boom.

Adani Ports, TCS, ITC, Mahindra & Mahindra and SBI are the top gainers in the Nifty. Adani Ports rose more than 4 per cent. Most of the Nifty stocks gained. 35 shares rose while 15 shares fell. The biggest losers were Nifty stocks ICICI Bank and SBI Life.

In December, various automakers posted better-than-expected sales. This led to a rise in the price of automobile stocks.

The post New Year festivity in stock market too appeared first on The Gulf Indians.

The Sensex closed at 44180.05 points and the Nifty closed at 12938.30 points. The Nifty was down about 130 points during the day. The day’s low was 12,819 points. The Nifty had gone up to 12,948 points during the day.

Auto and bank stocks were the major contributors to the day’s gains. The Nifty Bank Index was up 1.95 per cent and the Nifty Auto Index was up 3.10 per cent.

Mahindra & Mahindra, Tata Motors, Bajaj Finserv, L&T and IndusInd Bank were the top five gainers. Mahindra & Mahindra gained 10.65 per cent and Tata Motors gained 9.30 per cent. Shares of Bajaj Finserv, L&T and IndusInd Bank gained over 6 per cent.

Mahindra & Mahindra, Adani Ports, Eicher Motors, Hindalco, HDFC Bank, Kotak Mahindra Bank, Divis Lab, Grasim Industries, Ultratech Bank and HDFC Life were at the year’s highest during the day.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. IT and pharma stocks fell. BPCL, Hindustan Unilever, Dr Reddy’s Laboratories, Titan and TCS were among the losers.

The post Stock market touches a new high 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 Nifty closed above 11,900 again. The market closed with a gain after strong fluctuations.

The Nifty, which had gained 11,974 points, had a strong resistance at 12,000 points. The stock traded lower by 11,908 points during the day. However, it rose to 11,930 points at the close of trading.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 29 stocks gained while 21 lost. Maruti Suzuki, Mahindra & Mahindra, Tata Steel, Powergrid and Bajaj Auto are the top five gainers in the Nifty on the day. Maruti Suzuki India gained 4.26 per cent. Shares of Mahindra & Mahindra, Tata Steel, Powergrid and Bajaj Auto gained over 2 per cent each.

Automobile stocks were the main gainers. The Nifty Automobile Index rose 2.93 per cent. Shares of Motherson Sumi, Bharat Forge and Maruti Suzuki gained over 4 per cent. At the same time, real estate stocks came under selling pressure.

Ultratech Cements, HCL Tech, Hindustan Unilever, GAIL and Hindalco were the top five losers in the Nifty. Ultratech Cement fell 2.44 per cent.

The post Sensex up 127 points appeared first on The Gulf Indians.

The Nifty rose above 11,650 points and closed at the same level. The Nifty rose to 11,680 points. It has since closed at 11,662 points.

The Indian market is also a reflection of the progress in the global market. Bank stocks led the gains on the day. Similarly, Nifty rose by 2.16 per cent.

Most of the 50 stocks in the Nifty gained on the day. Thirty-seven stocks gained while 13 stocks lost. Tata Motors, HDFC, Adani Ports, Mahindra & Mahindra and IndusInd Bank were the top gainers. Tata Motors and HDFC rose over 7 per cent.

Britannia, Coal India, Wipro, Hindalco and Tata Steel were the top five gainers in the Nifty.

The post Sensex up 600 points; Nifty above 11,650 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 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 Sensex was up 185 points on the day and the Nifty was up 65 points. The Nifty closed at 11,535 points. The Nifty was down over 11,430.40 and climbed more than 100 points during trading. The Sensex closed at 39,086 points. The Sensex had lost 38,736.22 points in the morning trade.

Thirty-seven of Nifty stocks rose while 13 stocks declined. The top five gainers were Zee Limited, Mahindra & Mahindra, Tata Motors, Infratel and Adani Ports. Zee Ltd. rose 7.46 per cent. Mahindra & Mahindra gained over 6 per cent and Tata Motors gained over 5 per cent. Shares of Infratel, Adani Ports and Powergrid gained over 3 per cent.

Automobile and IT metal stocks were the top performers on the day. The Nifty Auto Index was up 1.15 per cent. The Nifty Metal Index gained 1.79 per cent. SAIL advanced about 50 per cent.

Bajaj Auto, Hero Motors, Asian Paints, HDFC and Nestle India were the biggest losers in the Nifty.

The post Nifty returns to above 11,500 points appeared first on The Gulf Indians.

The Sensex closed at 39,113 points on the day. The stock had gained 39,326.98 points during the trade session. The day’s low was 39,046.94 points. Similarly, Nifty closed at 11,559 points.

The US stock market has been steadily rising for the past few days. This was also reflected in the boom in the Indian market. Mainly global indicators are driving the Indian market right now.

Twenty-three Nifty stocks gained while 27 stocks lost ground. IndusInd Bank, Mahindra & Mahindra, Tata Motors, SBI and Grasim Industries are the top five gainers in the Nifty. IndusInd Bank was up 6.83 per cent. Shares of Mahindra & Mahindra and Tata Motors rose over 4 per cent.

Real estate stocks rose sharply on the day. The Nifty Realty Index is up 6.40 per cent in a single day. Shares of DLF (9.47 per cent), Prestige (8.19 per cent) and Oberoi Realty (7.06 per cent) surged. The Maharashtra government has reduced the stamp duty on housing from 5 per cent to 2 per cent to boost the real estate sector, which has pushed up real estate stocks.

Automobile stocks performed well. The Nifty Auto Index has risen 12 per cent in the last one month. Demand for this specialty has grown significantly as a result of recent corporate scandals.

ONGC, Reliance Industries, Bajaj Auto, Zee Limited and Coal India are the top five losers in the Nifty on August 27.

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

The growth in the US market was also reflected in the Indian market. The US stock market hit a new all-time high on August 21.

The Sensex ended at 38,799 points on August 24. The Sensex had gained over 38,894.94 points during trading. Similarly, Nifty closed at 11,466 points. The stock had gained 11,497.25 points during the trading session.

With the Nifty breaking the key support level of 11,377, the jump is likely to continue. The Nifty is the next strongest at 11,550 points.

Twenty-eight stocks in the Nifty gained while 22 stocks lost ground. Zee Ltd, Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance and HDFC Bank were the top five gainers in the Nifty. Zee Ltd. rose 4.76 per cent. Kotak Mahindra Bank, IndusInd Bank and Bajaj Finance gained over 3% each.

Similarly, Nifty Banking Index rose by 2.38 per cent. IDFC First Bank advanced 4.70 per cent. The Nifty Financial Services Index gained 2.07 per cent.

Powergrid, Mahindra & Mahindra, Adani Ports, Hindalco and Grasim are the top five losers in the Nifty. Powergrid fell 2%.

The post Nifty closes above 11,450 appeared first on The Gulf Indians.

It is during times of crisis that companies explore new opportunities. Companies that approach crises and setbacks as opportunities seize them and can reap benefits in the long run. Various companies with sufficient surplus funds are moving in this direction.

Acquisitions, mergers, share sales and share purchases during crisis periods are all equally viable for companies to survive and grow. When debt-ridden companies are forced to sell out, it benefits other companies. It is also a vision in such a context to lead the business in new directions by establishing new relationships through the sale and purchase of shares.

Reliance Industries, the company with India’s highest market value, is one that practices all these methods at the same time. Through its partnership with Reliance Jio, they have teamed up with Facebook, Google and other companies to open new avenues in business and become a debt-free company. At the same time, Reliance is looking to expand its business in the retail sector by acquiring shares in other companies. Reliance is looking to acquire Future Retail, a leading company in the retail sector. Reliance has recently acquired a company in the field of e-pharmacy.

It is in this context that Eicher Motors’ acquisition of Volvo Bus’ business in India should be seen. The high savings and efficient financial management of the company helped in this deal. It is almost always possible for companies with surplus funds to take risks in times of crisis.

VE Commercial Vehicles, a manufacturer of trucks and buses operating under Eicher Motors, acquires Volvo Bus’ business in India. The acquisition is worth Rs.100 crore. In this regard, an agreement has been signed between the two companies. The agreement will pave the way for the formation of a new bus division between Eicher and Volvo. Royal Enfield, which operates under Eicher Motors, is doing well. Sales of Royal Enfield bikes continue to thrive during this period.

COVID-era news is that Hero Motors is preparing to build electric three-wheelers. The goal is to use the surplus money effectively. The company is currently focusing on budget bikes such as the Splendor and Passion. The production of electric three-wheelers will help the company to reduce its dependence on the budget bike business.

The electric three-wheeler market in India is highly unorganised. Vehicles imported from China dominate the sector. The GST on electric vehicles is only 5%. That is one of the main reasons for the increase in sales of such vehicles. Mahindra & Mahindra currently dominates the organized electric three-wheeler segment. Bajaj Auto and TVS Motors are also planning to launch electric three-wheelers in the coming months.

Earlier, Chinese bikes could not hold their own in the Indian market due to poor quality. Following in the footsteps of Mahindra, Hero Motors, Bajaj Auto and TVS Motors will enter the electric three-wheeler market.

The post Company matters during COVID-19 period 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.

The Sensex closed at 38,212 points on August 10. The Sensex had gained over 38,430 points during trading. The Nifty closed at 11,270. It had touched 11,337 points during the trade. Profit booking did not allow the Nifty to remain above 11,300.

Pharma stocks were the main gainers on the day. Cipla’s quarterly results released on August 7 led to a rise in pharma stocks. Shares of Cipla rose 9.5 per cent on August 10.

Similarly, Nifty rose by 5.5 per cent on the day. Shares of Divis Lab, Cipla, Lupine, Sun Pharma, Aurobindo Pharma and Dr Reddy’s Lab all hit 52-week highs on August 10.

Automobile stocks also gained today. Cipla, Mahindra & Mahindra, L&T, Tata Motors and Sun Pharma were the top five gainers in the Nifty. Mahindra & Mahindra hit a 52-week high.

The top five losers in the Nifty were Eicher Motors, Asian Paints, Maruti, BPCL and Reliance Industries. Eicher Motors lost 2.19 per cent and Asian Paints 1.23 per cent.

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

 The Sensex closed at 38,040 points. The Sensex had gained over 38,109 points during trading. The Nifty closed at 11,214 points. It had reached 11,231 points during trading on the day.

The top five gainers were Asian Paints, Bajaj Finance, UPL, Bajaj Finserv and IndusInd Bank. Asian Paints was up 4.65 per cent on the day. Bajaj Finance gained 3.74 per cent and UPL 3.49 per cent.

Titan Industries, HCL Technologies, Infosys, Sun Pharma, Mahindra & Mahindra were the top five losers in the Nifty. Titan Industries lost 2.15 per cent and HCL Technologies lost 2.15 per cent.

Shares of private banks were the main gainers on the day. RBL Bank rose 9.27 per cent. IDFC First Bank gained 6.49 per cent and Federal Bank gained 4.48 per cent on the day.

 Some pharma stocks also gained. Alcom Labs was up 4.44 per cent and Divis Labs was up 2.46 per cent. Shares of Alcom Labs, Divis Lab, Cipla, Dr Reddy’s and Arbindo Pharma hit 52-week highs on August 7.

The post Nifty stays above 11,200; Sensex flat appeared first on The Gulf Indians.

At the close of trading, the Sensex was up 558 points. The Sensex, which had gained over 38,554 points during trading session, closed at 38,492 points.

Similarly, the wide-based National Stock Exchange Index Nifty closed 168 points higher at 11,300 points. The Nifty was up by 11,317.75 points.

Ultratech Cement, TCS, Tata Motors, Grasim Industries and Kotak Mahindra Bank were the top gainers. Ultratech Cement gained 7.07 per cent.
Auto stocks led the market on the day. Similarly, the Nifty rose by 3.37 per cent. Mahindra & Mahindra gained 5.26%. This stock hit a 52-week high on the day.

IT stocks helped the market with strong gains. TCS rose 4.57 per cent. HCL Tech and Infosys hit 52-week highs today. The Nifty IT index was up 2.51 per cent.

The top five losers in the Nifty were Infratel, Nestle India, ICICI Bank, ONGC and Asian Paints.

The post Nifty crosses 11,300 points appeared first on The Gulf Indians.

Sensex rose 419 points on July 16. Sensex, which closed at 36,471 points, had gone up to 36,524 points during trading,
Nifty rose 121 points. At one point Nifty had touched 10,755.30 points and it ended trading at 10,739.95 points.

It was IT shares that helped prop up the market on the day. Infosys was the top Nifty gainer, rising to Rs.955.50 before the stock closed 9.51 per cent higher at Rs.910.
Infosys reported only a 2 per cent decline in the June quarter profit at Rs 4,233 crore on strong operating performance. During the same period last year, the company’s profit was Rs.3,798 crore

Infosys, BPCL, Cipla, Mahindra & Mahindra and Britania were the Nifty shares that registered the highest earnings. BPCL rose 6.9% and Cipla 5.55%.

Infratel, Tech Mahindra, ITC, ZEE Limited and IOC faced huge loses. Infratel saw 7% crash.
The good performance of Infosys helped boost other IT stocks. Nifty IT Index rose 2.83%. Pharma stocks too gained on July 16. The Nifty Pharma Index rose 1.8%.

The post Sensex ends 419 points higher appeared first on The Gulf Indians.