Category: Market

As counting for the keenly-contested US presidential election went underway, the Indian stock market opened in green on Wednesday as buying was seen in sectors like realty, media, energy, private bank and infrastructure.

The Indian stock market closed in green on Tuesday as investors set their eyes on the closely-contested US presidential election. At the end of trading, buying was seen in all sectors, except FMCG and media.

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

As private consumption surges in smaller cities and towns in India which is driven by high pent-up demand and premiumisation wave, the e-commerce platforms registered more than Rs 1 lakh crore in gross merchandise value (GMV) in the month-long festive season.

The Indian stock market opened flat on Tuesday as buying was seen in metal, auto IT, PSU bank and pharma sectors during the early trade, as investors turned their attention to the closely-fought US election.

The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.

The foreign institutional investors (FIIs) sold a whopping Rs 113,858 crore worth equity in the Indian stock market in the month of October, contributing hugely to the about 8 per cent decline in benchmark indices from the peak.

According to Vikas Gupta, smallcase Manager and CEO at Omniscience Capital, it is likely that the current correction in the markets is likely to start correcting itself in the next few weeks.

On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.

The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.

The broader markets outperformed the Nifty 50. Nifty midcap 100 index was up 514 points or 0.92 per cent at 56,251 and Nifty smallcap 100 index was up 136 points or 0.76 per cent at 18,198.

India dominated the global IPO landscape with 36 per cent share of total listings in the third quarter of 2024, outpacing the US at 13 per cent share, a report showed on Tuesday.

Indian stock markets experienced a significant rebound in Monday’s market, with the Sensex surging by 602 points, closing at 80,005, and the Nifty climbing 158 points to settle at 24,339. The benchmark indices recorded the best session in one month.

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Monday, reported the highest quarterly revenue of Rs 7,516 crore in Q2 FY25, up 1 per cent (year-on-year).

Indian equity indices traded in the green on Monday in mid-session as buying was seen in heavyweights like ICICI Bank, M&M, IndusInd Bank, JSW Steel and Wipro, lifting the sentiment of the market after a five-day losing streak.

The Sensex was trading at 79,675.78 after gaining 273.49 points or 0.34 per cent. At the same time, Nifty was trading at 24,255.15 after climbing 74.35 points or 0.31 per cent.

Vegetable prices in the retail markets of West Bengal, especially those in the state capital of Kolkata, have skyrocketed on the last Sunday before the festivities of Kali Puja and Diwali next week.

IndusInd Bank remains the top loser in the Nifty 50. Its shares fell 18.54 per cent to Rs 1,042.70 on Friday. The lender had reported a 39 per cent year-on-year decline in net profit for the quarter ended September 2024.

Adani Energy Solutions Limited (AESL) on Tuesday reported an impressive 172 per cent surge in net profit at Rs 773 crore in the July-September quarter (Q2) this fiscal.

At the same time, the NSE Nifty closed at 24,781.10 after falling 72.95 points or 0.29 per cent. The Nifty Midcap 100 index closed in red at 57,677.70 after slipping 971.45 points or 1.66 per cent. The Nifty Smallcap 100 index closed at 18,797.40 after falling 280.40 points or 1.47 per cent.

Despite a sustained selling pressure from the foreign institutional investors (FIIs) amid geo-political tensions this week, the long-term outlook for the domestic market remains robust with a stability in growth and a pickup in capex, experts said on Saturday.

Ola Electric’s stock continued to tank and closed at a record low of Rs 86.95. After making its public debut at Rs 76 apiece, the Bhavish Aggarwal-run EV company’s stock once reached an all-time high of Rs 157.40.

Real estate remained the most preferred asset class for investment among 59 per cent of Indians in the first half this year, as 57 per cent of investors said they are buying premium properties to earn rental income, driven by surging rental rates in cities, according to a report on Friday.

The Indian benchmark indices closed in red on Thursday as there was a weak sentiment in the market due to lower corporate earnings. The BSE Sensex closed at 81,006.61 after slipping 494.75 points or 0.61 per cent.

The BSE Sensex began trading at 81,707.38 after rising 206.02 points or 0.25 per cent in early trade. At the same time, the NSE Nifty was trading at 24,986 after rising 14.70 points or 0.06 per cent.