The 30-share flagship index Sensex cut short it eight-day rising streak and closed down by 21.39 points, or 0.07 per cent at 32,402.37. The wider Nifty scaled fresh peak of 10,178.95 (intra-day) at outset following fresh record closing at the Wall Street. It attracted selling at record levels and slipped to a low of 10,129.95 before settling at 10,147.55, down by 5.55 points or 0.05 per cent. The gauge had closed at record high of 10,153.10 on Monday after touching intra-day high of 10,171.70.
Indian shares ended lower on Tuesday as financial stocks such as Housing Development Finance Corp dragged both indexes amid investor caution ahead of the US Federal Reserve's policy statement this week. The broader NSE Nifty, which hit a record high earlier in the session, closed down 0.05 percent at 10,147.55. The benchmark BSE Sensex was 0.07 percent lower at 32,402.37. Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Gopakumar Warrier.
The equity benchmarks- Sensex and Nifty closed on a flat note after trading rangebound throughout the session. The 30-share BSE Sensex lost 21.39 points to finish on 32,402.37 while the broader 50-share NSE Nifty fell a more marginal 5.55 points to close on 10,147.55. The Nifty had opened on a fresh all time high of 10,175.60 and Sensex with a gain of 100 points but both the indices soon erased the gains and traded on a sedate note throughout the day.
The BSE Sensex was down 48 points, or 0.13 per cent, at 32382 at around the same time. Continued inflow in domestic funds, benign interest rate environment, stable currency coupled with favourable global cues is driving markets higher. The financial services firm also raised the target price of GAIL stocks to Rs 522 from Rs 246 earlier. The global financial services firm believes that the company may keep launching new products going ahead.
The BSE Sensex opened lower on Tuesday against the previous session's closing. The shares of Tata Motors, Sun Pharma and Tata Steel rose, whereas the shares of Coal India and L&T fell. Around 32.35 million shares or 1.12% stake of the company changed hands in a block deal, according to a Bloomberg report. At 9.15am, the rupee was trading at 64.16 a dollar, down 0.05% from its Monday's close of 64.08.
Equities and bonds rallied in the backdrop of increasing domestic flows and abundant liquidity, despite sluggish economic growth and weak earnings. The 30-share BSE Sensex rose for an eighth day hitting a six-week high, following a record-breaking Wall Street session. NSE Bank Nifty moved past the 25000 mark to hit an all-time time of 25105.35, as optimism rubbed off. India has received Rs 20,000 crore of inflow in domestic mutual funds in August 2017 which is an all-time high.
Indian stock markets surged to new highs today amid firm global markets. The Sensex closed at 32,423, up 151 points. Noida-based Dixon Technologies made a blockbuster debut on exchanges with its shares rising over 71 per cent to Rs 3,024 against its issue price of Rs 1,766. Dixon Tech shares closed with around 64 per cent gains at Rs 2,891.55. The gains were broad-based with all sectoral indices on BSE, barring oil & gas, ending in the green.
The equity markets on Monday made a comeback after a sedate couple of sessions last week, as Nifty posted a new closing high. The 30-share BSE Sensex gained 151.15 points to close on 32,423.76 and the broader 50-share NSE Nifty went up by 67.70 points to finish on 10.153.10. In intra day trade, Sensex had gone up by as much as 235 points to hit the day high of 32,508.06.
The BSE Sensex advanced by 210 points while the NSE Nifty scaled fresh record high levels in morning session on persistent buying mainly in capital goods, telecom, auto and power stocks. The NSE 50-share Nifty that scaled all time high level of 10,170 in morning trade, was up by 81.70 points or 0.81 per cent at 10,167.10. Foreign portfolio investors (FPIs) bought shares worth Rs 418.86 crore last Friday, as per provisional data released by the stock exchanges.
The equity benchmarks- Sensex and Nifty opened with a spurt as both the indices gained above half a per cent within the first few minutes of trading. The 30-share BSE Sensex opened with a gain of 88.76 points on 32,361.37 and the broader 50-share NSE Nifty started trading on 10,133.10, up by 47.70 points. Both the indices managed to extend the gains further as Nifty hit the record high of 10,157.15 in early trade.
The index surpassed the previous all-time high of 10,137.85 and was trading around 10,150, up 70 points against the previous close. The BSE Sensex was 218 points, or 0.68 per cent, at 32,491 in the morning trade. Asian peers Hang Seng and Shanghai were trading higher by over 1 per cent and 0.25 per cent in morning trade. After challenges faced by companies during GST implementation, the market is hoping demand will pick up in the festival season and reflect in October-December earnings.
The BSE Sensex surged on Monday against the previous session's closing. The broader NSE Nifty also rose in the morning hours. The shares of Tata Motors, Bajaj Auto and L&T rose, whereas the shares of Dr Reddy's Labs and Tata Steel fell. In the March quarter of 2016-17, CAD was 0.6% of GDP at $3.4 billion. The 10-year bond yield was at 6.607% compared to its previous close of 6.597%.