Equity indices subdued, FMCG and pharma stocks drag
News | September 07, 2020 13:06 ISTEquity benchmark indices were subdued during early hours on September 07 due to mixed global cues with FMCG and pharma stocks under pressure.
Equity benchmark indices were subdued during early hours on September 07 due to mixed global cues with FMCG and pharma stocks under pressure.
Equity benchmark indices traded marginally higher during early hours on September 02 with IT stocks gaining ground but public sector bank slipping due to profit booking.
Equity benchmark indices were flat during early hours on September 01 as official figures released a day earlier showed 23.9 per cent fall in the economy during the first quarter of the current financial year.
Equity benchmark indices traded one per cent higher during early hours on August 31 on positive global cues and steady flow of foreign institutional investor (FII) funds.
Equity benchmark indices traded half a per cent higher during early hours on August 27 with the start of September futures and options series.
Equity benchmark indices were in the positive terrain during early hours on August 27 ahead of the expiry of August series derivative contracts.
Equity benchmark indices traded higher for the fourth consecutive opening session on Tuesday due to supportive global cues and gains in Asian markets.
On the currency front, the rupee depreciated 7 paise (intra-day) against the US dollar to trade at 71.79 in early session.
The agency has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
Domestic equity benchmarks BSE Sensex and NSE Nifty started on a highly volatile note on Thursday amid weak domestic cues. In the previous session on Wednesday, the 30-share index the 30-share index settled 286.35 points or 0.77 per cent lower at 36,690.50.
Continuing their record-setting spree for a third day in a row, domestic equity benchmarks Sensex and Nifty on Tuesday hit fresh closing highs on sustained foreign fund inflows coupled with positive domestic cues.
The benchmark BSE Sensex jumped over 150 points in early trade on Wednesday, led by gains in oil and gas, banking and IT stocks, ahead of the general election results.
Benchmark indices fell for the fifth session in a row on Tuesday, with the Sensex plunging 324 points and the Nifty diving over 100 points as investors continued to weigh US-China trade tiff and lukewarm corporate results.
The BSE Sensex on Monday cracked over 362.92 points in line with global sell-offs amid renewed fears that trade negotiations between the US and China are on the verge of collapse.
Breaking its four-day rising streak, the BSE Sensex dropped about 180 points on Wednesday on profit booking and forecast of below-normal monsoon this year.
BSE benchmark Sensex zoomed over 400 points while the NSE Nifty reclaimed the 11,500 mark on Thursday on robust buying in banking, finance, telecom and IT stocks.
Continuing its upward journey for the eighth consecutive session, market benchmark BSE Sensex ended marginally higher on Wednesday, following gains in Infosys, HDFC twins and L&T amid uninterrupted capital inflows by foreign funds.
Continuing its rising streak for the third session in a row, the BSE Sensex on Wednesday climbed by over 216 points on unabated buying in banking stocks amid strong foreign fund inflows and positive domestic cues.
Market benchmark Sensex on Friday rose over 196 points to end at 36,064 and also posted its second straight weekly gains amid signs of easing tensions between India and Pakistan.
The BSE Sensex zoomed 342 points and the NSE Nifty reclaimed the 10,800 mark on Monday, driven by IT and financial stocks, amid heavy foreign and domestic fund inflows.
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