Mumbai Feb 22 PTI The BSE benchmark Sensex tanked over 1000 points and the NSE Nifty cracked below the key 17000-level in opening deals on Tuesday mirroring a rout in the global equity markets The Sensex was trading 1015 points or 176 per cent lower at 5666860 and the Nifty quoted 28540 points or 166 per cent lower at 1692125 -- extending their losses to the fifth session in a row All the 30 Sensex constituents were trading with significant losses Escalations in Ukraine tensions with Russia recognising two pro-Russian rebel regions have aggravated the crisis The economic consequences are already visible in higher crude and gold pricesVK Vijayakumar Chief Investment Strategist at Geojit Financial Services said The biggest macro headwind for India is crude racing to USD 97 a barrelhe said adding that the inflationary consequence of this will force the RBI to abandon its dovish monetary stance Continuing their selling spree foreign institutional investors sold shares worth Rs 226190 crore in the Indian capital market on Monday exchange data showed Other Asian bourses on Tuesday followed the overnight Wall Street rout and massive selloffs in European equities triggered by the Russia-Ukraine standoff In a sign of aggravating geopolitical crisis in the eastern Europe Russian President Vladimir Putin has recognised the independence of separatist regions in eastern Ukraine Putins announcement comes after a meeting of the Presidential Security Council and paves the way for Russia to openly send troops and weapons to the long-running conflict pitting Ukrainian forces against Moscow-backed rebels Meanwhile India has also expressed deep concerns over the escalation of tension along the Russia-Ukraine border and said the developments have the potential to undermine peace and security of the region Tracking the Ukraine crisis Brent crude futures rose 4 per cent to USD 9735 the highest since September 2014 US stocks fell over 2 per cent on Tuesday PTI MKJ DRR
Mumbai Jan 28 PTI The BSE gauge Sensex shot up more than 700 points to revisit the key 58000-level in opening deals on Friday as participants indulged in buying across counters The 30-share index zoomed 72355 points 126 per cent to 5800049 in initial trade Likewise the NSE Nifty advanced 21745 points or 127 per cent to 1732760 in opening trade On the Sensex chart all shares barring Maruti were trading with mild to hefty gains Foreign institutional investors FIIs remained net sellers in the capital markets offloading Rs 626675 crore on Thursday as per official exchange data V K Vijayakumar Chief Investment Strategist at Geojit Financial Services said There are three trends in the market which are important from investors perspective One relentless massive selling by FIIs around Rs 33000 crore so far in January is emerging as the strongest headwind to the market in the short-run Two there is massive churn happening within the Nifty from tech to banking and to a lesser extent to autos Three over-valued growth stocks are getting punished and their valuations are slowly getting to realistic levels he added Elsewhere in Asia bourses saw a mixed trading pattern with only China and Japan trading higher in mid-afternoon deals Other exchanges logged losses Meanwhile international oil benchmark Brent crude eased 038 per cent to USD 8974 per barrel PTI MKJ DRR
New Delhi Aug 31 PTI The BSE benchmark index Sensex has soared over 9 per cent this month to scale the 57000-mark for the first time on Tuesday as the bull run continues in the equity market The blue chip index reached an all-time intraday high of 5762526 on Tuesday the last trading session of August a month that has seen the stock market making many new records The 30-share index closed with a gain of 66263 points or 116 per cent at 5755239 its record close Reflecting the strong stock market sentiments despite lingering worries over possible tapering by the US Federal Reserve the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2500208401 crore at the close of trade on Tuesday Led by bulls domestic indices breached record highs amid broad-based buying due to continuation of Feds dovish policy and the expected release of domestic GDP data said Vinod Nair Head of Research at Geojit Financial Services This is the fourth day of rally in the equity market during which the BSE benchmark has jumped 160818 points or 287 per cent Earlier on August 4 for the first time the Sensex sailed past 54000 points both at intra-day and closing levels After nine days on August 13 the index crossed the 55000 mark and also closed above this level The next 1000 points-level was scaled in less than a weeks time as the benchmark climbed the 56000-peak for the first time in intra-day trade on August 18 Then on August 27 it closed above the 56000-mark for the first time Both Nifty and Sensex touched the mark of 17000 and 57500 respectively making their new lifetime highs The rally is expected to continue unless there is any change in global cues Rahul Sharma Co-Founder Equity99 said PTI SUM RAM DRR DRR