Nifty – International Markets Value Circle (IMVC)

Sensex goes past 80,000-mark for first time, Nifty at lifetime high

Aman — Wed, 03 Jul 2024 05:33:08 +0000

The nation’s top private lender, HDFC Bank, climbed to a new high on expectations of a possible increase in its weightage in a significant global index, pushing the share price up to record highs at the opening on Wednesday.

As of 9:15 a.m. IST, the S&P BSE Sensex gained 0.72% to 80,013.77 points, while the NSE Nifty 50 was up 0.7% at 24,291.75 points.

The 30-stock Sensex has reached the 80,000 mark for the first time.

With a 3.5% opening gain, HDFC Bank led the Nifty 50 upward.

Foreign institutional investors’ holdings in HDFC Bank fell below 55% in the June quarter, according to data released after market hours on Tuesday, increasing the likelihood of a rise in weightage in global index provider Morgan Stanley’s MSCI indexes.

All 13 key sectors recorded increases. The rise in HDFC Bank-powered banks, financials and private banks is 1.3%-1.5% higher.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

Nifty tops 24,000 for 1st time, Sensex above 79,000

Aman — Thu, 27 Jun 2024 07:12:38 +0000

For the third straight day, the domestic benchmark indices, the Sensex and Nifty 50, reached new all-time highs on Thursday, led by some of the major heavyweights.

Benchmark indexes reached new highs in today’s session, with the Nifty 50 breaking above the 23,900 barrier for the first time to reach 23,974 points, approaching the 24,000 level. At roughly 12:15 IST, the Nifty reached 24,000 points. The Nifty 50 needed 23 sessions to get from 23,000 to 24,000 level.

On the other hand, the Sensex reached a new all-time high of 79,013 points, breaking above the 79,000 barrier for the first time.

Among individual shares, five Nifty 50 constituents, UltraTech Cement, Grasim Industries, Reliance Industries, ICICI Bank and Axis Bank, reached new 52-week highs today. Cement stocks are now dominating, with UltraTech Cement rising 4.3% and Grasim Industries up 2.6%.

Nifty hits new all-time high, Sensex surges 500 points

Aman — Wed, 12 Jun 2024 05:29:56 +0000

Wednesday’s trading witnessed an impressive increase in domestic stocks, with the Nifty50 reaching a new all-time high. The huge rise was supported by rises in metal, IT, banking and metal stocks. The wider NSE Nifty index increased by 155 points to reach an all-time high of 23,420, while the 30-share BSE Sensex pack surged more than 500 points to reach a day high of 76,968. The growth of the domestic bourses was so great that the BSE’s market capitalization (m-cap) increased by almost Rs 2.8 lakh crore.

The top gainers among the 30 Sensex companies were Reliance Industries, Tata Steel, Tata Motors, Tech Mahindra, Wipro, Power Grid and HCL Technologies. Among the laggards were Titan, Asian Paints, IndusInd Bank and Hindustan Unilever.

The BSE benchmark fell 33.49 points, or 0.04 percent, to 76,456.59 on Tuesday, while the Nifty edged up 5.65 points, or 0.02 percent, to 23,264.85.

Market opens on firm note; Nifty above 22,700, Sensex jumps over 400 points

Aman — Thu, 06 Jun 2024 04:50:25 +0000

On Thursday, trade in two major Indian equity indexes, the BSE Sensex and Nifty50, jumped upward. Nifty50 reached over 22,700, but the BSE Sensex was close to 74,800. The BSE Sensex was up 416 points, or 0.56%, at 74,798.72 at 9:16 AM. Nifty50 was up 117 points, or 0.52%, at 22,737.05.

At 9:20 AM, NTPC, SBI, Tech Mahindra, Power Grid, Wipro, HCL Tech and Tata Steel were the top gainers on the Sensex 30.

HUL, Nestle India, Sun Pharma, Asian Paints, UltraTech Cement, Titan and Bajaj Finance were the biggest losers on the Sensex 30.

Wednesday witnessed a significant increase in the Indian stock market as confidence increased when it was confirmed that the NDA will form the government for a third time in a row.

Positive signals were seen in Asian markets, with the Euro Stoxx 50 futures jumping 1.5%, Japan’s Topix rising 0.5%, Australia’s S&P/ASX 200 gaining 0.6%, and the Hang Seng futures rising 0.5%. Technology companies were the primary cause of the US S&P 500 and Nasdaq indices reaching record closing highs.

Sensex drowns 4,378 points, Nifty over 1,334 points as votes are counted for Lok Sabha polls

Aman — Tue, 04 Jun 2024 06:52:20 +0000

Following a sharp rally in the previous session, Indian stock markets collapsed by more than 5,000 points today. Early trends in the vote-counting process indicated that Prime Minister Narendra Modi’s alliance, led by the Bharatiya Janata Party, was leading in more than 272 seats, but the margin of victory was unclear and the party’s lead was less than exit polls had predicted.

At 12 pm, the NSE Nifty 50 was down 5.74 percent, or 1,334 points, while the BSE Sensex was down 5.71 percent, or 4,378 points, at 72,067. After exit polls suggested that the BJP-led alliance would probably win a two-thirds majority in the lower house, the benchmarks rose more than 3% on Monday, setting records and having their strongest session in almost 40 months.

Early indications indicate that the INDIA bloc has 213 seats, whereas the NDA now has 288 seats.

State Bank of India, Reliance, Larsen & Toubro, Power Grid, NTPC and HDFC Bank were the biggest laggards among the 30 companies on the Sensex.

Sensex hits 76,500 for the first time, Nifty breaches 23,300 ahead of Lok Sabha election results

Aman — Mon, 03 Jun 2024 04:03:55 +0000

The Indian stock market indices, the Sensex and the Nifty 50, began at new highs on Monday, as investors applauded the Lok Sabha exit poll results, which suggested Prime Minister Narendra Modi’s third term.

The Sensex began 2,621.98 points (3.55%) higher at 76,583.29, while the Nifty 50 opened at 23,337.90, up 807.20 points (3.58%). The Bank Nifty index surpassed the 50,000 level for the first time.

A strong increase was observed everywhere, with the Nifty Midcap 100 and Nifty Smallcap 100 indexes rising by around 3% each.

With the exception of the Nifty PSU Bank, Nifty Oil & Gas, Nifty Auto and Nifty Metals, all sectoral indices saw huge rises of 1-4% during trading.

More than 400 seats have been predicted for the NDA by three major exit polls, India Today-My Axis India, India TV-CNX and News24-Todays Chanakya. Less than 200 seats are expected to be won by the opposition INDIA alliance, according to pollsters.

In May, the Nifty 50 and Sensex ended their three-month winning streak, closing in negative territory due to increased volatility caused by election-related uncertainty. The volatility index India VIX increased by 91% in May.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.