Tag: Nifty

Foreign institutional investors (FIIs) were net buyers in the capital market on Friday, as they bought shares worth Rs 108.53 crore, according to stock exchange data.

Tech Mahindra was the top gainer in the Sensex pack, climbing 2.13 per cent, followed by Wipro, HCL Tech, Titan, Infosys, Bajaj Finserv, Maruti and Bajaj Finance.

Among the stocks, HDFC, L&T, SBI Life, Infosys, and Bajaj Finance were the top five losers in the morning session.

Stock Market Fall: Experts On NIFTY, SENSEX Decline

In the previous session, the 30-share BSE index ended 634.20 points or 1.06 per cent lower at 59,464.62. Similarly, the NSE Nifty plunged 181.40 points or 1.01 per cent to 17,757.

HDFC, Infosys, Bajaj Auto, Reliance Industries, and Bajaj Finserv were some of the top losers, NSE data showed. Top gainers during the early trade were Power Grid Corporation, Coal India, Tata Consumer, Hero Motocorp and Brittania.

In the previous session, the 30-share BSE Sensex closed at 59,855.93, clocking a gain of 672.71 points or 1.14 per cent. Likewise, the NSE Nifty rose 179.55 points or 1.02 per cent to end at 17,805.25.

Domestic market is gaining ground amid a positive rebound in the global market. The rebound was broad-based while mid and small caps outperformed as the bargain opportunity led investors to accumulate the beaten-down stocks.

NSE Nifty50 fell by 527.25 points or 3.10 per cent to 16,457.95 points.

Asian markets were also down as investors continued to assess the risks to the economic recovery posed by the new COVID variant Omicron.

"Nifty could take further direction post European markets opening, but likely to end in the positive for the day."

L&T was the top gainer in the Sensex pack, rising around 3 per cent, followed by Tech Mahindra, HCL Tech, HUL, Axis Bank and Bharti Airtel.

Infosys was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tata Steel, HDFC Bank, ICICI Bank, Titan and IndusInd Bank.

The BSE Sensex has boomed 135 per cent from the lows of 2020 lockdown and has scaled the 60,000 mark. This could be enough for some investors to cash-out by booking profits and tempting for others to jump into the bandwagon.

Both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs. The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level.