The stock market, which has been steadily rising, set a new record. Banks, auto and pharma stocks were the main contributors to the stock market’s rise to new heights. The Nifty Bank Index was up 2.46 per cent, the Nifty Pharma Index was up 1.22 per cent and the Nifty Auto Index was up 1.71 per cent.

The Sensex closed above 44,500 and the Nifty closed above 13,000. The Nifty set a new record of 13,079. The Sensex was up by 445.87 points and the Nifty by 128.70 points.

The Sensex closed at 44,523.02 points and the Nifty at 13055.20 points. The Nifty traded down 200 points during the day. The day’s low was 12,978 points.

Adani Ports, Axis Bank, HDFC Bank, Eicher Motors and Hindalco were the top five gainers. Shares of Axis Bank, HDFC Bank, Aysher Motors and Hindalco gained over 3 per cent.

Most of the stocks in the Nifty gained. Out of the 50 stocks in the Nifty, 38 gained while 12 lost. Shares of Titan, HDFC, BPCL, Nestle India and GAIL lost ground.

The post Nifty closes above 13,000 points for first time appeared first on The Gulf Indians.

The stock market is climbing to new heights. For the second day in a row, the stock market was seen setting a record. The Nifty and the Sensex hit all-time highs on November 9, and hit all-time highs on November 10.

The Nifty has climbed to 12,643 points. The Sensex closed at 43277.65 points and the Nifty closed at 12,631 points. The Sensex was up by 680 points and the Nifty by 170 points.

The Indian market today is a reflection of the progress made in the US market on November 9. Pfizer’s revelation that the COVID vaccine is 90 per cent effective has accelerated the stock market’s momentum. Reports on the Bihar election results had led to a slight fluctuation in the morning market. Later, the market rebounded as there were indications that the ruling NDA was moving towards a majority.

This is for the seventh day in a row that the market has advanced. Banking stocks, as in recent days, have been the major contributors to this move. The Nifty Bank Index was up 3.89 per cent. At the same time, IT and pharma stocks declined. The Nifty IT index was down 3.86 per cent and the Nifty Pharma index was down 4.33 per cent.

Shares of Bajaj Finance, IndusInd Bank, L&T, Bajaj Finserv, SBI and HDFC gained over 5 per cent.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 32 gained while 18 lost. Shares of the loss were strong. Tech Mahindra, Cipla, HCL Tech, Divis Lab and Nestle India were the top five losers in the Nifty. Tech Mahindra, Cipla and HCL Tech lost over 5 per cent.

The post Stock market touches new high appeared first on The Gulf Indians.

The stock market continued to fluctuate sharply. The morning trade started with a loss. Later, it moved towards gain but could not sustain it. The Sensex closed at 39,749 points. It was up to 40,010 points. The day’s was 39,524 points.

The Nifty had gained till 11,744 points but lost 58 points on strong volatility. The Nifty fell to 11,606 points and it had strong support at 11,600. Nifty closed at 11,670 points.

Most of the Nifty stocks lost ground. Out of the 50 stocks in the Nifty, 34 stocks lost while only 16 stocks gained. Asian Paints, Tech Mahindra, Ultratech Cement, Shree Cements and HCL Tech were the top five gainers in the Nifty. Asian Paints gained 3.02 per cent.

Banking, auto, pharma and metal stocks were under selling pressure. Only the IT sector has registered gains. L&T, Titan Industries, Adani Ports, ONGC and Axis Bank were the top five losers in the Nifty. L&T lost 4.85 per cent. Shares of Titan Industries, Adani Ports, ONGC and Axis Bank fell more than 2 per cent.

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

The stock market gained for the third day in a row. The three-day gains almost offset the losses of last Thursday’s sharp fall. The market started with a loss and then moved on to a gain. At the same time the market was volatile.

The Sensex was up 112 points on October 20 and the Nifty was up 23 points. The Sensex closed at 40,544 points. It had earlier climbed to 40,732.01 points. Similarly, Nifty closed at 11,896 points, up 11,949 points.

IT stocks were the main gainers on the day. The Nifty IT index was up 1.41 per cent. Shares of Mind Tree and HCL Tech gained over 4 per cent.

At the same time, public sector bank shares came under selling pressure. The Nifty Public Sector Bank Index lost 1.43 per cent.

The majority of Nifty stocks traded higher on the day. Out of the 50 stocks in the Nifty, 27 stocks gained while 23 stocks lost ground. HCL Tech, Tech Mahindra, Asian Paints, HDFC Bank and Bharti Airtel were the top five gainers. HCL Tech gained 4.27 per cent. Tech Mahindra and Asian Paints gained over 2 per cent each.

Britannia, ONGC, GAIL, IOC and UPL were the top five losers in the Nifty. These stocks lost over 2 per cent.

The post Stock market gains for third 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 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 fell below 37,000 points following a sharp fall. The Sensex ended at 36.553 points. The Nifty closed at 10,805. The market, which opened with a loss, continued to decline sharply since then. The Nifty fell nearly 1,000 points from its highs in August.

Most of the index-based stocks were down on the day. Forty-seven stocks in the Nifty declined while only three stocks rose. Nifty stocks that registered gains were Infratel, Zee Limited and Hindustan Unilever.

IndusInd Bank, Tata Motors, Bajaj Finance, Grasim Industries and TCS were the biggest losers in the Nifty. IndusInd Bank fell 7.45 per cent. Tata Motors, Bajaj Finance, Grasim Industries and TCS were down more than 5 per cent.

IT and metal stocks were the biggest losers. The Nifty IT index was down 4.20 per cent and the Nifty metal index was down 4.24 per cent. Sales pressure was also strong in the banking, auto and pharma sectors. The Nifty Bank Index was down 3.41 per cent, the Nifty Auto Index was down 3.54 per cent and the Nifty IT Index was down 3.04 per cent.

IT stocks TCS and Tech Mahindra fell more than 5 per cent. Metal stocks such as Jindal Steel, NMDC, National Aluminum and SAIL also fell more than 50 per cent. Shares of IndusInd Bank, RBL Bank and Federal Bank also lost over 5 per cent.

The post Stock market slumps; Sensex loses 1,114 points appeared first on The Gulf Indians.

The Sensex ended 15 points higher at 38,854 points. The day’s low was 38,711 points. The Sensex was at 38,978.52 points but could not cross the psychological level of 39,000.

|The Nifty was up 11,493 points at one point but could not rise above the 11,500 point level. It closed at 11,464 points. At one point in the trade, the indices lost ground but ended with gains.

Although the index gained, most of the index-based stocks lost ground. 21 stocks in the Nifty were up while 29 were down. Wipro, SBI, Tech Mahindra, TCS and Hero Motors were the top five gainers in the Nifty. TCS was up 2.81 per cent and SBI was up 2.80 per cent.

IT stocks were the main gainers on the day. The Nifty IT index was up 1.29 per cent.

The biggest losers in the Nifty were Zee Limited, IndusInd Bank, PowerGrid, BPCL and Coal India. Zee Ltd. fell 2.22 per cent.

The post Stock market closes with a slight gain 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.

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.

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.

The post Nifty closes above 10,800 points appeared first on The Gulf Indians.