MUMBAI: 

Nifty cruised above 18,300 with mid and small-cap indices outperforming benchmark indices. All sectors, except PSU banks, showed positive growth.

The top gainers in the market are from the auto, IT, and metal sectors. Nifty gainers include Coal India, IndusInd, Bajaj Finserv, and Tata Motors; while UPL, ITC, Sun Pharma, and Hindalco are among the losers. JPMorgan is bullish on RIL and has set a target price of Rs 2,960 per share.

MGL shares have reached a 52-week high due to strong Q4 earnings. Birlasoft is experiencing gains due to favourable Q4 results, with quarter-on-quarter CC revenue growth of 3.1%. Zomato’s stock is down 5% due to concerns about competition from ONDC. Kansai Nerolac has seen an 8% surge in its stock price following a strong Q4 performance and the announcement of a bonus issue.

The post Nifty steady above 18,300 appeared first on The Gulf Indians.

Shares traded flat for the sixth day in a row and closed flat. The Nifty closed with no gains or losses. The Sensex gained five points.

The Nifty touched 14,000 points for the first time on December 31. Pharma stocks were the main contributors to the market. At the same time, the Nifty was unable to close above 14,000 points.

The Nifty, which started the morning with gains, has moved to new heights. The Nifty touched a new high of 14,024. At the same time, the market was experiencing severe volatility.

HDFC, Sun Pharma, Divis Lab, ICICI Bank and Asian Paints were the top gainers. Most Nifty stocks lost ground. 28 shares fell while 22 shares rose. The biggest losers were Nifty stocks Sree Cements and TCS.

Pharma and real estate stocks are the major gainers today. The Nifty Real Estate Index was up 1.23 per cent.

The post Nifty hits 14,000 on last trading day of 2020 appeared first on The Gulf Indians.

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 has been volatile during the day but has maintained a positive trend. Similarly, Nifty gained 124 points to close at 13,258. The Sensex gained 447 points to close at 45,079.

The Nifty crossed the 13,200 resistance. The Nifty was up by 13,280 points. Bank stocks played a major role in the market surge. The Nifty Bank Index is up more than 2 per cent. The Nifty Bank Index crossed 30,000 points for the first time since last February.

Metal stocks and pharma stocks also made gains. The Nifty Metal Index rose 1.13 per cent. The Nifty Metal Index gained 1.29 per cent.

The majority of Nifty stocks traded higher. Out of the 50 stocks in the Nifty, 39 stocks gained while 11 stocks lost. Adani Ports, ICICI Bank, Hindalco, Ultratech Cement and Sun Pharma were the top five gainers in the Nifty.

The post Sensex reaches above 45,000 for 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 third day in a row. The market was likely to rise as Donald was likely to return to the US presidency. It is hoped that Trump will take a pro-market stance. The Sensex was up by 335 points and the Nifty by 95 points. Severe volatility persisted throughout the trade.

The trade started with gains but then fluctuated sharply. At one point, the market went into a tailspin. But then there was a strong recovery. The Nifty traded down more than 150 points during the day.

The Sensex remained above 40,000 points. The Sensex closed at 40,616 points. The Nifty rose again to 11,900 points. The Nifty rose to 11, 929 registering 95 points gain. Even though it crashed to 11,756 it made strong recovering and closed at 11,908 points.

The majority of Nifty stocks traded higher during the day. Of the 50 stocks involved in the Nifty, 33 gained while 17 lost. IndusInd Bank, Sun Pharma, Divis Lab, Reliance Industries and Cipla were the top five gainers of the day.

IndusInd Bank gained 4.89 per cent. IndusInd Bank, Sun Pharma, Divis Lab, Reliance Industries, Cipla and Infosys gained over 3 per cent each.

Pharma and IT stocks were the biggest gainers of the day. The Nifty Pharma index was up 2.18 per cent. The Nifty IT index gained 1.78 per cent.

UPL, Axis Bank, HDFC, ICICI Bank and Hindalco were the top five losers in the Nifty. UPL was down 3.90 per cent.

The post Stock market continues to rally 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 Sensex closed at 40,509 points on October 9. The day’s low was 40,066 points. It was up 40,585 points during trading. The Nifty rose above 11,900 points and closed at the same level. The Nifty rose to 11,938 points during trading. It has since closed at 11,914.

Bank stocks led the gains on the day. Out of the 50 stocks in the Nifty, 24 stocks gained while 26 stocks lost. Wipro, ICICI Bank, Axis Bank, SBI and HDFC Bank were the top gainers on the day. Wipro rose 4.40 per cent. ICICI Bank, Axis Bank, SBI and HDFC Bank gained over 3 per cent each Wipro, ICICI Bank, Axis Bank, SBI and HDFC Bank.
Grasim, Hindalco, UPL, Sun Pharma and SBI Life were the top five losers in the Nifty.

The post Market surges again; Nifty above 11,900 on Oct. 9 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 ended at 37,981 points. It rose to 38,035 points during trading but could not close above 38,000. The trade started with a good gain in the morning. The rise in the US market was also reflected in the Indian market.

The Nifty closed above 11,200 on the day. The Nifty, which rose to 11,234 points, closed at 11,227. The Nifty, which dipped below 11,800 last week, rose 450 points from there.

Most of the 50 stocks in the Nifty were gainers on the day. Of the 46 stocks that gained, only four lost. IndusInd Bank, Bajaj Finance, Axis Bank, ONGC and Tata Motors were the top gainers. IndusInd Bank gained 8 per cent. Shares of Bajaj Finance, Axis Bank, ONGC, Tata Motors, Powergrid, Adani Ports and Sun Pharma gained over 4 per cent

Wipro, Hindustan Unilever, Nestle India and Infosys were the only four Nifty stocks to lose ground. These stocks recorded a loss of less than one per cent.

Banks, auto, IT and metal stocks were the top gainers on the day. The Nifty Bank Index was up 3.26 per cent, the Nifty Auto Index was up 3.04 per cent and the Nifty Metal Index was up 2.96 per cent. Banking stocks such as IndusInd Bank, Bandan Bank, Federal Bank, Axis Bank and RBL Bank rose between 5 per cent and 8 per cent. Automobile shares of Balakrishna Industries and TVS Motors gained over 6 per cent.

The post Stock market continues to rise; Nifty above 11,200 points 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.

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 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 was down 37 points and the Nifty was down 14 points on August 11. The Sensex closed at 38,369 points. The Sensex had lost 38,125 points during trading. The Nifty closed at 11,308. It had lost close to 11,242 points during the trading session.

While 23 stocks in the Nifty gained, 27 stocks declined. The top five gainers were HCL Tech, SBI, Tech Mahindra, Eicher Motors and Tata Motors. HCL Tech gained 4.66%.

Shares of public sector banks were the main gainers on the day. The Nifty PSU Bank Index gained 2.70%. Shares of SBI rose 4.33%. Shares of Indian Overseas and Punjab National Bank also gained over 3%.

At the same time, profit booking was seen among pharma stocks. The Nifty Pharma index was down 1.55%. Profit booking on high price caused pharma stocks to fall.

Kotak Mahindra Bank, Sun Pharma, Cipla, Britannia and Dr Reddy’s Laboratories were the top five losers in the Nifty. Shares of Kotak Mahindra Bank, Sun Pharma and Cipla fell more than 2%.

The post Slight loss in stock market 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.

The Sensex, which had touched a high of 37,897.78 in the morning trade, fell to 37,431.68. It closed at 37,606.89 points.

Similarly, the Nifty ended trade 29 points lower at 11,073. The Nifty was up by 11,150.40 points during trading. It fell to 11,026.65 at one point. The Nifty is under strong pressure at 11,300. It’s not able to cross that as booking of profits was seen.
Pharma stocks were the main gainers today. The top five gainers on the Nifty were Sun Pharma, Cipla, JSW Steel, Grasim and UPL. Sun Pharma gained 5.46%. The stock hit a 52-week high, setting a new record.

Similarly, the Nifty Pharma Index gained 3.56% on the day. Torrent Pharma gained 9.18%, Aurbindo Pharma 6.67% and Cadila Healthcare 6.66 %.

The top five losers in the Nifty were Eicher Motors, Reliance Industries, HDFC Bank, Bajaj Auto and Kotak Mahindra Bank.

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

Similarly, the Nifty ended 110 points lower at 11,102 points. Nifty was up by 11,299.95 points during trading. From there it dropped about 200 points. The Nifty is under strong pressure at 11,300. It couldn’t break through and booking of profits was noticed in the market.

Dr Reddy’s, Sun Pharma, Wipro, Vedanta and Maruti Suzuki are the top five gainers in the Nifty. Dr. Reddy’s gained 4.60 per cent. The stock hit a 52-week high, setting a new record.

Pharma stocks helped keep the market afloat on the day. Divis Lab was up 5.67% and Sun Pharma was up 3.37%. Similarly, the Nifty gained 3.11 per cent on July 30.

IT stocks also gained today. IT stocks including Infosys, Wipro and pharma stocks such as Sun Pharma and Cipla also recorded a 52-week high.

BPCL, IndusInd Bank, IOC, HDFC and Axis Bank were the top five losers in the Nifty. BPCL lost 8 per cent today. IOC fell 4 per cent.

Bank stocks lost ground on July 30. The Nifty Bank Index fell by 2 per cent. IndusInd Bank fell 5 per cent.

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

With 399-point gain, Nifty closed at 37, 418 points. It had touched 37,478 points during trading.

IT shares led the bulls in the market on the day. Three out of the five shares that made the highest gain on July 20 were from the IT sector. The shares of Infosys, HCL Tech, Tech Mahindra and Wipro registered gains of over 4%. The Nifty IT index gained over 2.60%.

Bank shares too made huge gains on the day. The Q1 results of HDFC Bank were declared the other day. In response to the exemplary performance, the share value of HDFC Bank had climbed 5% on July 20 morning.

Britannia, Infosys, HCL Tech, Tech Mahindra and Bajaj Finance were the five shares that made most gains in the market on July 20. Britannia rose 5.12%. Britannia and HCL Tech registered the highest price for the past 52 weeks.

Thirty-one of the Nifty 51 Index registered gains on the day. At the same time pharma shares registered losses on the day. Sun Pharma and Cipla were the shares that saw the highest losses on the day.

The post Nifty closes above 11,000 points appeared first on The Gulf Indians.