Tag «Sensex»

Sensex stages smart recovery

28th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Finally, Sensex stages smart recovery After days of weakness, the key indices staged a smart recovery from the day’s low powered by gains in metals and IT stocks. Some short covering was also seen in the broader markets ahead of the F&O …

Wicked Wednesday

21st August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Wicked Wednesday! Nifty ends 200 points off day’s high Bulls were once again at the receiving end on Wednesday as the Nifty ended at its lowest level since September 6, 2012 while the Sensex plummeted to its September 11, 2012 lows. In …

Black Friday! Sensex, Nifty plummet 4%

16th August, 2013 – Comments by Amar Ambani, Head of Research, India Infoline There was blood-bath on Dalal Street as capitulation set in since the onset of trade today. The move was precipitated by a weakening rupee and worsening economic data. The Indian rupee breached the psychological 62 mark against the dollar as steps taken …

Eid Mubarak: Nifty ends above 5,550

8th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  After being under constant pressure for almost 10 trading sessions, the Indian equity market finally managed to close in the green with healthy gains. The Nifty closed above 5,550 while the Sensex shut shop above 18,700 levels. The market will remain closed …

Nifty crashes below 5,550; Banks, realty stocks plunge

6th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  The weakening currency led to a bloodbath on D-Street as the Sensex closed at its lowest level since June 26 while the Nifty fell below levels last seen on April 12. On a day when the government appointed Raghuram Rajan, Chief Economic …

Nifty ends below 5700 again, BHEL drags post Q1 nos

5th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  The Indian equity market ended on a flat note on Monday amid bouts of volatility during the day. The Nifty ended below the 5,700 mark for the second consecutive day. Metals, banking, IT, FMCG and telecom stocks led the gainers pack. However, …

Nifty closes below 5,700; Realty, power stocks drag

The Nifty ended below 5,700 for the first time since June 27, 2013 amid selling across sectors. This is the eight straight fall for the benchmark indices. Today’s decline was led by realty, power, metals, capital goods, FMCG and banking stocks. Even midcap and small cap stocks were under pressure. Bucking the negative trend were …

Nifty sinks below 6,000 on RBI liquidity scorcher

 24th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Nifty sinks below 6,000 on RBI liquidity scorcher Yet another couple of measures by the Reserve Bank to prop the rupee in less than 10 days left the Indian equity market running for cover on Wednesday. The central bank on Tuesday after …

L&T, RIL weigh down Sensex, Nifty

22nd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline The Indian equity market ended Monday on a flat note as benchmark indices struggle to find any specific direction throughout the day. After opening with a negative gap in early trade, the markets did manage to stage a smart comeback. However, sentiment …

Terrible Tuesday: Sensex, Nifty suffer collateral damage!

16th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Terrible Tuesday! Sensex, Nifty suffer collateral damage   It was a terrible Tuesday with the stock market witnessing serious collateral damage. The benchmark indices crashed in opening trade after the Reserve Bank on Monday announced measures to tighten rupee liquidity. In …