This is only the second trading session in May when markets have been able to clock gains
NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index
The Sensex came under fag-end selling pressure to close in the red for the sixth straight session on Friday as risk-off sentiment prevailed amid unabated selling by foreign institutional investors and concerns over inflation. The 30-share BSE benchmark pared all intra-day gains and declined 136.69 points or 0.26 per cent to end at 52,793.62. During the day, it had rallied 855.4 points or 1.61 per cent to 53,785.71. On similar lines, the broader NSE Nifty dipped 25.85 points or 0.16 per cent to settle at 15,782.15. Among the Sensex firms, State Bank of India, ICICI Bank, NTPC, Bharti Airtel, Bajaj Finserv, Axis Bank and Maruti were the biggest laggards. In contrast, Sun Pharma, M&M, ITC, Hindustan Unilever, Titan and Reliance were among the gainers. Markets in Asia settled higher, with Tokyo, Hong Kong, Seoul and Shanghai gaining significantly. Bourses in Europe were quoting higher in the afternoon session. Stock exchanges in the US had ended on a mixed note on Thursday. Meanwhi
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
Volatility will remain because of tightening liquidity, uncertainty on earnings growth, say market experts
In a Q&A, Prateek Agrawal, who is also the firm's CIO, says given the strength in overall earnings as seen in FY24 EPS outlook, the direction of the market is likely to be positive
Markets have been falling for five straight sessions and the BSE benchmark has tumbled 2,771.92 points, or 4.97%, during this period
CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels
In Q4FY22, the bank's standalone net profit dropped 66 per cent YoY to Rs 201 crore as the bank set aside Rs Rs 325 crore on account of a fraud.
From this year's peak in January, both indices are down nearly 12 per cent
Lack of fresh positive cues is forcing investors to dump equities and switch to safer havens like gold, says an expert
In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
Hindustan Unilever and Asian Paints gained the most at 3.24 per cent and 2.5 per cent, respectively
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
Indian equity mutual funds have lured billions of dollars in inflows over the last couple of years amid a retail-investing boom
European and Asian equities traded weak on concerns around world economic growth amid surging inflation, monetary tightening, and a slowdown in China's export
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
The Midcap and Smallcap indices declined over 2 per cent each; The breadth too favoured the bears in 3:1 ratio.
Record-high inflation levels, dented prospects of corporate profitability and likelihood of contraction in economic growth continue to batter equities.
CLOSING BELL: Around 3:30 PM, the mega IPO of Life Insurance Corporation (LIC) was subscribed 91 per cent with policyholders' quota seeing a subscription of 2.79 times