Similarly, the Nifty closed 49 points higher at 13,982. The Sensex ended 133 points higher at 47,746.

The Nifty, which started the morning with gains, moved to new heights. The Nifty hit a new record high of 13,997. At the same time, the market is experiencing severe volatility. However, the market maintained its gains as it closed.

The Nifty was unable to break through the 14,000 resistance. However, the Nifty is likely to rise above 14,000 points in the coming days due to strong cash flow. If India approves the COVID-19 vaccine developed by Oxford University and AstraZeneca the market will reach new heights. Auto stocks are expected to dominate the market as reports on vehicle sales come out next week.

Ultratech Cement, Grasim Industries, Sree Cements, Bajaj Finance and Acer Motors were the top gainers. Shares of Ultratech Cement and Gracie Industries rose more than 3 per cent. The biggest losers were Nifty stocks IndusInd Bank and Sun Pharma.

The post Stock market rises for sixth day in a row appeared first on The Gulf Indians.

The market was showing strong volatility. The market was at a loss most of the time following the negative global signals. At the same time, the stocks surged in the afternoon.

The Nifty’s resistance at 11,600 continues to be an obstacle. If the Nifty breaks through the 11,600 resistance, the next resistance is at 14,000 points. However, it is supported at 13,200 points and 13,000 points. The fluctuation is likely to continue in the coming days.

Bajaj Finance was the top gainer in Nifty stocks. Shares of Bajaj Finance hit an all-time high today. Shares of Bajaj Finance were up 4.5 per cent. The biggest loser was Hindustan Unilever. Financial and metal stocks gained while public sector banks reported losses.

The Nifty Metal Index was up 0.77 per cent. Meanwhile, the Nifty PSU Bank Index fell 1.46 per cent.

The majority of Nifty stocks traded higher. Of the 50 stocks in the Nifty, 26 gained while 24 lost. Bajaj Finance, Bajaj Finserv, Eicher Motors, JSW Steel and Sree Cements were the top five gainers. Shares of Bajaj Finance, Bajaj Finserv and Eicher Motors gained over 3 per cent.

The post The surge in the stock market is slowing down appeared first on The Gulf Indians.

The Sensex ended at 44259.74 points and the Nifty closed at 12987.00 points. The Nifty was down 225 points during the day. The day’s low was 12,790 points.

Banks, metals and pharma stocks were the major contributors to the day’s gains. Similarly, Nifty rose by 3.85 per cent, the Nifty Pharma index by 1.43 per cent and the Nifty Bank index by 1.21 per cent.

The top five gainers were JSW Steel, Tata Steel, Grasim Industries, Bajaj Finance and Sree Cements. JSW Steel rose 7.02 percent. Shares of Tata Steel, Grasim Industries, Bajaj Finance and Shree Cement gained over 3 per cent each.

The majority of Nifty stocks traded higher today. Of the 50 stocks in the Nifty, 42 gained while 8 lost. Shares of Eicher Motors, Maruti Suzuki, BPCL, HDFC Life and ONGC lost.

The post Sensex up 431 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.

On August 24, the US stock market set a new all-time high. The Nifty rose above 11,500 points this morning on the back of gains in the US market. But then the Nifty fell to 11,423.35 points. The stock finally closed at 11,472 points. The Nifty is under pressure at 11,550 points.

The Sensex ended at 38,843 points on the day. The Sensex had gained over 39,008.89 points during trading. Since then, it has fallen to 38,679.67 points.

Sixteen stocks in the Nifty gained while 32 stocks declined. Two shares remained unchanged. The market was generally witnessing gains ahead of the expiration of the holiday contracts on Thursday.

Tata Motors, Bajaj Finance, SBI, Asian Paints and ICICI Bank were the top five gainers in the Nifty. Tata Motors rose 5.16%. Bajaj Finance gained over 3%. The Nifty Bank Index was up 1.13%.

Sree Cements, GAIL, Bajaj Auto, Sun Pharma and Tata Steel were the top five losers in the Nifty. Sree Cements and GAIL fell more than two per cent.

The post Stock market sees no significant gains appeared first on The Gulf Indians.

The Sensex is up 225 points and the Nifty 52 points on August 11. The Sensex closed at 38,407 points. The Sensex had gained over 38,556 points during the trading session.
The Nifty closed at 11,322. The stock had touched at 11,373 points during the trade session. The Nifty closed above 11,300 for the first time since the stock market crash in March.

Banks and metals stocks were the main gainers on the day. IDFC First Bank rose 7.49 per cent. Nifty Bank and metal indices gained over one-and-a-half per cent. At the same time, pharma stocks were gaining ground. The Nifty Pharma index was down 1.42 per cent.

The top five gainers were Zee Limited, JSW Steel, Axis Bank, BPCL and IndusInd Bank. Zee Ltd. gained 5.14 per cent.

Sree Cements, Titan, UPL, Cipla and Dr. Reddy’s Laboratories are the top 5 losers in the Nifty. Sree Cement and Titan fell more than 3.5 per cent.

Thirty-three stocks included in the Nifty 33 gained while 17 stocks lost ground.

The post Nifty surges for sixth day appeared first on The Gulf Indians.

The surge in the stock market continued with the Sensex gaining 498 points and end the trade above 35,000. The Sensex rose till 35,467.23 points and closed at 35,414.45.
Nifty rose 127.95 points and closed at 10,430. During the day Nifty rose till 10,477.05Even though the index gained, 23 of the 50 share Nifty index registered losses during the day.
Banking and Finance shares energised the surge in the market. Axis Bank, HDFC, Bajaj Finserve, UPL and ITC were the five Nifty shares that registered the best gains on the day. Axis bank made a gain of more than 6%.
The Nifty Bank index rose 2.83 per cent. Bank of Baroda, PNB and Federal Bank gained over 4%. At the same time the performance of the Pharma shares was weak on the first day of the month. Except of Aurobindo Pharma all pharma shares were trading at a loss.
NTPC, Nestle India, L&T, Sree Cements and Cipla are the five Nifty shares that registered huge losses.

The post Sensex closes above 35,000 on July 1 appeared first on The Gulf Indians.