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2.55 PM: Sensex sees a sharp surge, Nifty hits 10,800; banks, pharma soar


June 22, 2018 | market-commentory | | Comments Off on 2.55 PM: Sensex sees a sharp surge, Nifty hits 10,800; banks, pharma soar

Equity benchmarks are trading at the high points of the day, with the Nifty hitting 10,800-mark now. The Sensex is up over 100 points. Strong gains in financials, namely PSU banks, is aiding sentiment on D-Street. Sharp upmoves are visible in sectors such as pharma, FMCG, energy and infra names. Midcaps too have added to […]

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1.50 PM: European markets are slightly higher, amid ongoing tensions in the energy market


June 22, 2018 | market-commentory | | Comments Off on 1.50 PM: European markets are slightly higher, amid ongoing tensions in the energy market

The market is trading mildly higher amid consolidation in afternoon, tracking positive mood in European stocks. The Nifty is trading above 10,750 levels while FMCG and Pharma are biggest gainers among sectoral indices, rising over a percent. The Sensex rose 64.13 points to 35,496.52 and the Nifty gained 21.90 points at 10,763. ?European markets are slightly higher, […]

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12.41 PM: The market continued to consolidate amid uncertainty over raising crude output


June 22, 2018 | market-commentory | | Comments Off on 12.41 PM: The market continued to consolidate amid uncertainty over raising crude output

The market continued to consolidate amid uncertainty over raising crude output in the OPEC decision due later in the day. The Sensex gained 44.56 points at 35,476.95 and the Nifty rose 12.30 points to 10,753.40. The sectoral trend remained mixed with the FMCG rising over a percent while the broader markets continue to underperform frontliners. […]

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11.37 AM: Equity benchmarks are trading around the flatlines


June 22, 2018 | market-commentory | | Comments Off on 11.37 AM: Equity benchmarks are trading around the flatlines

Equity benchmarks are trading around the flatlines as investors await fresh cues from the OPEC meet. The Nifty is hovering above 10,700-mark. All sectoral inices are trading in the red, with maximum cuts seen in the energy space. Nifty FMCG is holding the fort for D-Street with gains of around 1 percent. Midcaps have continued […]

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10.38 AM: The market is trading mildly in the red amid consolidation


June 22, 2018 | market-commentory | | Comments Off on 10.38 AM: The market is trading mildly in the red amid consolidation

The market is trading mildly in the red amid consolidation as traders eagarly await the OPEC meeting decision due later in the day. Crude oil prices are up over a percent on uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna. The 30-share BSE Sensex fell 37.64 points […]

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9.19 AM: Sensex, Nifty open mildly lower: Asia mixed ahead of OPEC meeting


June 22, 2018 | market-commentory | | Comments Off on 9.19 AM: Sensex, Nifty open mildly lower: Asia mixed ahead of OPEC meeting

Benchmark indices started off the tarde on a weak note Friday amid mixed Asian cues ahead of OPEC meeting decision due later in the day. The Sensex fell 23.01 points to 35,409.38 and the Nifty declined 12.90 points to 10,728.20. BPCL, IOC, ICICI Bank, HCL Technologies, Bajaj Finance, Dr Reddy’s Labs, Tata Steel and ONGC are early gainers. UPL, Grasim, […]

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