Sensex lost 100 points. Dear EF Bank,
The BSE Sensex and Nifty collided today as they showed signs of slowing down in their six-day rally. Sensex is down 100 pips and Nifty is trading below 8150.
Here are the top 10 explanations:
- 1) Selling pressure on bank stocks, ICICI Bank, Axis Bank, and IndusInd Bank increased by 1-1.5%.
- 2) Oil & Gas stocks made gains after a strong rally in yesterday’s session. RIL is down more than 1%.
- 3) The ITC fell about 2% after the state of Uttar Pradesh banned the sale of tobacco.
- 4) H Tech, Infosys and Wipro Sh. HCL Tech is down almost 17% in the last four sessions after the warning was lifted.
- 5) Analysts do not expect the domestic market to grow significantly from current levels in the near term. IIFL’s Sanjeev Bhasin said traders are cautious during the earnings season and 8200-8300 is a tough sell for the Nifty.
- 6) Precision Investment Services’ Avinash Garaksakar said the market could strengthen for the first time to support the 8100 area. He said Street’s earnings expectations for the September quarter are low, which could add to the upbeat market sentiment.
- 7) IndusInd Bank’s reporting season starts this Friday with the September quarterly report.
- 8) Foreign investors became the largest buyers of Indian timber this month. This is a major turnaround after selling Rs 20,000 (net) worth of Indian shares over the last two months. The continuous acquisition of foreign investors has supported the domestic market well. Analysts see no significant risk at the current level.
- 9) However, domestic institutional investors who had been buying Indian stocks for a few months sold in the last two trades, pushing the stock higher.
- 10) Despite Wall Street’s gains yesterday, Asian markets were mixed today. Japan’s Nikkei average fell about 1%. But Chinese stocks rose more than 3% as investors recovered from a week of stagnation as global markets rallied.
Banks sell, financial Sensex pulls 674 points; Nifty will cap below 8,100
Indian stocks closed lower on Friday, dragged down by a sell-off in banking and financial stocks. The benchmark Sensex ended up 674.36 points, or 2.4%, at 27,591 points, while the Nifty fell 170 points, or 2%, at 8,083 points.
Axis Bank was the top loser in the Sensex pack, gaining 9%, followed by IndusInd Bank, ICICI Bank, Titan, SBI, and HDFC. On the other hand, Sol Pharma, ITC, and ONGC are the top performers in the 30-share barometer.
- Sensex, trading positive flats in volatile times. The biggest losers were Tata Motors, Kotak Bank, and Indus Bank.
- The PVR share is in the red after switching 4.7 units in a large package.
- Sensex, Nifty fall for the third consecutive session: Key drivers have massive selling
- Few Reasons Why Indian Markets are Falling
As banks and financial institutions fell, pharmaceutical stocks were higher. Lupin doo shares are trading 10% higher. Torrent Pharma, Cipla, and Wickard rose by 6-9 percent.
Out of 30 Sensex stocks, 21 ended in the red.
Board testimony of IDBI Bank on 8 April
IDBI Bank’s board of directors will meet on April 8 to consider and approve a bond loan proposal of up to ₹7,500 crores for fiscal 2020-21.
IndusInd Bank reports on capital growth
The bank is well capitalized with a ratio of 1 15% and an asset measurement of 15.43% (with a profit of 9M FY20). IndusInd said in a filing to BSE’s banking board that it is not considering any specific transaction at this stage.
The report may have stated that the bank’s supporters have requested the RBI to increase its permitted funds by 26%. The bank’s shareholders hold 14.68 percent on a fully diluted basis, which is close to the current regulatory limit of 15 percent, the statement said.
Sensex lost 352 points to 55,323 in the initial trade. 16418 points of smart
Sensex Pack climbers include Axis Bank, Power Grid, and ITC. Meanwhile, Reliance, ITC, SBI, NTPC, Tata Steel, IndusInd Bank, Bharti Airtel, Wipro, Ultra Tech, ICICI Bank, HDFC Bank, HCL Tech, Bajaj Finance, Infosys, Bajaj Finserv, TCS, HDFC, Kotak Bank and Titanium
New Delhi: BSE Sensex rose 352.26 points (0.63%) to close at 55,323.06 and NSE Nifty fell 150.80 points (0.91%) to close at 16,418.75.
Sensex Pack climbers include Axis Bank, Power Grid, and ITC. Meanwhile, Reliance, ITC, SBI, NTPC, Tata Steel, IndusInd Bank, Bharti Airtel, Wipro, Ultra Tech, ICICI Bank, HDFC Bank, HCL Tech, Bajaj Finance, Infosys, Bajaj Finserv, TCS, HDFC, Kotak Bank and Titanium
Likewise, ONGC, Axis Bank, Coal India, Cipla, and Power Grid Nifty were the big winners. Titan, HinduNilvar, Apollo Hospitals, HDFC, and Asian Paints are big hurdles.
Domestic markets remained cautious ahead of the results of the RBI monetary policy meeting on Wednesday, as the 10-year yield rose to 7.5% on Monday. Nifty widened the gap and settled on 140 points. The index closed at 16,570 units, 15 units lower. The Nifty Midcap 100 closed flat and the Nifty Smallcap 100 fell 1%.
By sector, metals were the most advanced, followed by oil and gas, automobiles, and private banking. At the same time, media banks, real estate, IT, FMCG, FMCG, CCGT, and pharmaceuticals are falling behind. Metal stocks took note after China’s Caixin/Markit manufacturing PMI for May beat expectations of 48.1 and 47. The index pointed to an improvement in output.
Major global indices turned positive after strong job numbers in the US and China released important PMI data to boost investor confidence. After Saudi Arabia raised oil prices in Asia, the price of crude rose above $120 a barrel.
The market is likely to remain volatile with the RBI and ECB meetings this week. Several other macroeconomic data will be released this week, including US inflation, China inflation, and UK GDP data. Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services, said Nifty continued to move wide and crossed the key support at 16,400.
During the reporting season, investors follow the central bank’s interpretations of world events and new market indicators. For long-term investors, consider the relative ease of estimating capital.
Sensex gained 303 points and Nifty 16,200 points. Metal medicine
Major indexes showed a range on Friday. The lack of new pilots caused the index to lose its course. The S&P BSE Sensex remained in a narrow range of 348 pips while the Nifti50 advanced 118 pips on the day. Finally, the Sensex was up 303.38 points (0.56%) at 54,481.84 and the Nifty was up 87.70 points (0.54%) at 16,220.60. M&M, L&T, ICICI Bank, NTPC, Infosys, Axis Bank, Kotak Bank, ITC, HCL Tech, and Tech M are the growth leaders in the Sensex. Coal India, Grasim, and United Kingdom led the Nifty with further gains.
L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy’s Labs, Axis Bank, Bharti Airtel, and Nestle India led the gains, while M&M Financial Services, Oil India, SRF, Trent, Uttam Sugar, RateGain and It advanced on a large scale. . A more extensive market. with GR Infra.
On the other hand, Tata Steel, IndusInd Bank, Maruti Suzuki, TCS, Crisil, Ashok Leyland, MFSL, RBL Bank, Ajmera Realty, PSP Projects, and Vakrangee led the sector.
Major indexes showed a range on Friday. The lack of new pilots caused the index to lose its course. The S&P BSE Sensex remained in a narrow range of 348 pips while the Nifti50 advanced 118 pips on the day. Finally, the Sensex was up 303.38 points (0.56%) at 54,481.84 and the Nifty was up 87.70 points (0.54%) at 16,220.60. M&M, L&T, ICICI Bank, NTPC, Infosys, Axis Bank, Kotak Bank, ITC, HCL Tech, and Tech M are the growth leaders in the Sensex. Coal India, Grasim, and United Kingdom led the Nifty with further gains.
L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy’s Labs, Axis Bank, Bharti Airtel, and Nestle India led the gains, while M&M Financial Services, Oil India, SRF, Trent, Uttam Sugar, RateGain and It advanced on a large scale. . A more extensive market. with GR Infra.
On the other hand, Tata Steel, IndusInd Bank, Maruti Suzuki, TCS, Crisil, Ashok Leyland, MFSL, RBL Bank, Ajmera Realty, PSP Projects, and Vakrangee led the sector.