Companies and Markets

Companies & Markets

Sensex makes a big start, hits all-time peak at 31,595

The benchmark Sensex today soared 235 points to hit an all-time high of 31,595 after quarterly corporate earnings optimism gave domestic institutional and retail investors much hope to go in for fresh bets.
Blue-chip TCS is scheduled to announce its quarterly results on July 13.
After opening strong, the 30-share index rose further by 234.83 points, or 0.74 per cent, to hit a new peak of 31,595.46, breaking its previous life-time high (intra-day) of 31,522.87 reached on June 22.

Pick & choose stocks you are comfortable with

The market opened with a bang last week and saw the BSE Sensex gaining 300 points and the Nifty gaining 95 points on Monday itself.
The strong first day showing helped the week end with gains of 439.02 points on the BSE, which closed at 31,360.63 points. The Nifty gained 144.90 points and closed at 9,665.80 points. With this rally, the immediate consolidation phase over the last 6-7 weeks, and the danger of slipping into a serious correction in the immediate term seems to be arrested for now.

Sensex off record highs in range-bound trade

The benchmark Sensex today retreated from its record high by ending lower by 9 points in a range- bound session but recorded gains for the week on GST boost and monsoon progress.
The 30-share BSE index, which had closed at a record high of 31,369.34 yesterday, traded in the negative terrain for the better part of the session and hit a low of 31,286.62 before settling at 31,360.63, down 8.71 points, or 0.03 percent.
Likewise, the 50-scrip NSE Nifty fell by 8.75 points, or 0.09 percent, to close at 9,665.80 after shuttling between 9,684.25 and 9,642.65.

Sensex slips from record; FMCG, banking weigh

Market today moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas.
Stocks of FMCG, capital goods, banking, IT and realty remained subdued.
The 30-share index, which had closed at a record high of 31,369.34 yesterday, was down 56.84 points, or 0.18 percent at 31,312.50.
The gauge had gained 159.55 points in the previous two sessions.
The broader NSE Nifty too declined 21.55 points, or 0.22 percent, at 9,653.

Sensex ends at new record on earnings hopes, Fed minutes

The Sensex today rallied 124 points to end at a new peak of 31,369 in anticipation of positive quarterly earnings that are set to roll in later this month.
A trouble-free GST launch is giving market additional strength.
The minutes of the US Federal Reserve meeting on June 13 -14 showed that there is no consensus among policymakers over inflation outlook and the pace of any interest rate increase going ahead.

Market starts on a positive note, goes up 66 pts

The benchmark Sensex got off to a steady start today by rising 66 points and the Nifty hovered above 9,600 on the back of a firm Asian trend.
The 30-share index advanced 65.89 points, or 0.21 per cent, to 31,311.45 in early session. It was realty, healthcare, auto and capital goods that showed promise, rising by up to 1.30 per cent.
The gauge had gained 35.77 points in a range-bound trade yesterday. The NSE index Nifty also inched up 16 points, or 0.16 per cent, to 9,653.60.

$400b forex reserves looks well within reach

India’s forex reserves are rising fast to breach the $400 billion level. As of June 23, forex reserves have gone up to a record high of $383 billion, a $14 billion increase since April. This has been on account of a rise in foreign currency assets of the Reserve Bank of India (RBI), which has been buying dollars to limit the appreciation of the rupee.

Sensex edges up 36 pts in range-bound trade, global cues

The Sensex made a mild recovery to close 36 points higher at 31,245.56, backed by uninterrupted buying by domestic institutional investors amid positive global cues.
After a strong opening, the BSE 30-share gauge advanced to hit a high of 31,284.64 but succumbed to profit-booking and hit a low of 31,177.78 before settling at 31,245.56, up 35.77 points, or 0.11 per cent. It remained range-bound throughout the day.
The gauge had shed 11.83 points in the previous session.

Sensex advances, blue-chips provide hope

The Sensex moved up 75 points in early session today as support came in from blue-chip stocks amid a mixed movement in Asia.
The 30-share index was trading higher by 74.85 points, or 0.23 per cent, at 31,284.64. Sectoral indices led by oil and gas, power and realty went higher.
The gauge had lost 12 points in the previous session. The NSE Nifty too edged up 7.80 points, or 0.08 per cent, to 9,621.10.
A mixed trend prevailed at other Asian bourses. Major gainers that backed the key indices were Reliance Industries, M&M, Sun Pharma and Adani Ports.

Sensex loses gains, ends negative on geo-political tension

The benchmark Sensex gave up its early gains to end in the red today, breaking its three-day winning spell, amid weak global cues due to geo-political concerns.
Tension flared up on the Korean peninsula after North Korea launched a missile ahead of the G-20 meet slated to begin in Hamburg this weekend.
The Sensex started higher and even touched a high of 31,353.46, but worries about the missile launch spooked investors towards the fag end. The gauge settled at 31,209.79, down 11.83 points, or 0.04 per cent, in line with weak Asian shares.