The market closed more than 2 percent higher in a volatile week that ended March 31. The 30-pack Sensex added 1,464.42 points, or 2.5 percent, to end at 58,991.52, while the broad-based Nifty rose 414.75 points. Domestic indices reported positive gains during the week.
The Nifty ended half a percent lower in FY23, while the Sensex gained about a percentage. India was the second-best performer among the emerging markets in FY 23.
Sensex settled higher by 346 points while Nifty inched closer to 17,100 level. On Friday, Indian shares will react to the US GDP data and weekly jobless claims. A decisive breakout above 17250 may take the index for a ride to the 17500–17600 zone where bears will be waiting.
The stock has been moving in the narrow range for last nine trading sessions. The lowest level is 16,828, which can act as a strong support. Any sustainable level below 16,828 on the Nifty could intensify the selling pressure.
Nifty 50 and Sensex continued to fall after a day's breather. Sigh of relief to investors rocked by wild swings in banking shares. Losses in IT and auto stocks pulled both SenseX and Nifty lower.
Indian stock market has been trading topsy-turvy today. 50-stock index Nifty is trading in tight 135 points range. BSE Sensex is trading range-bound in 525 points.
As of 7:20 am, the SGX Nifty quoted 17,071 levels, up 58-odd points. US markets were mixed overnight as banking fears continued to ease. NASDAQ Composite, on the flipside, declined 0.6%.
50-stock index Nifty gained 40 points and closed at 16,985 levels. 30-stock index Sensex surged 126 points and ended at 57,653. In broad markets, mid-cap index went off 0.37 per cent. A bullish or bearish trend can be assumed on breakage of either side.
50-stock index Nifty ended 131 points lower at 16,945 levels. BSE Sensex dipped 398 points and closed at 57,527 mark. Mid-cap index nosedived 1.25 per cent.
There are signs of over-pessimism and is reflected in some data points like FII net long position going down to below 8% lately as against net long of 70-75% in November 2022. The banking crisis globally only added to the downside pressure in the equity markets. It is heartening to see that the Nifty has respected the 16,750-16,800 level, which offers strong support on the downside.
Indian stock market ended lower for second straight session. Nifty 50 index corrected over 0.75 per cent and finished at 16,945 levels. 30-stock index BSE Sensex closed at 57,527 levels and small-cap index lost 1.37 per cen. Research at IIFL Securities believes that Nifty has strong support.
StocksTurmoil in the banking sector and rate hikes by the US Federal Reserve and Bank of England weighed on Indian equities. The 30-pack Sensex fell 462.8 points, or 0.79 percent, to close at 57,527.1, while the broad-based Nifty declined 155 points. It was third straight week of losses for the market.
My understanding of the market is a bit different, but most people do not know much about W.D. Gann. I am into financial astrology since 2020. The methodology is simple – for Nifty, the planet to be followed is Jupiter.
The 30-share BSE benchmark Sensex reclaimed the key 58,000-level and the broader NSE Nifty surged past 17,100 on Tuesday. In a relief, the fag-end of the session closed at 17,107, showing a rise of 119 points or 0.7 percent.
The bears took charge of Dalal Street on march 20 after a two-day break. The Sensex closed points, or 0.62 percent, lower at 57,628.95 and the Nifty was down 111.60 points.
Foreign portfolio investors have raised bearish positions on Nifty and Bank Nifty futures to a three-year high of 171,679 contracts. The positions have been built ahead of the US central bank meeting on interest rates later this week. Analysts say such a bearish creation could cause short-term volatility in the run up to the Fed policy decision on Wednesday.
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SGX Nifty indicates that Nifty is likely to open gap up. Sharp recovery has been seen in US Markets. Dow Jones Industrial Average plunged 280 points or 0.87 per cent.
The Indian market is likely to open higher on Wednesday, snapping 4 sessions of losses. The SGX Nifty was trading 88 points or 0.5 percent higher at 17,200.
The benchmark Nifty and Sensex indices closed 1.49% and 1.52% lower on Monday, marking their lowest levels in seven months. The ripple effects of the closure were felt globally, wiping out 4.04 trillion of investor wealth in India alone.
The benchmark Sensex shed 897 points, or 1.5 per cent, to end the session at 58,238, its lowest close since October 14. The index is now down eight per cent from its record high of 63,284 logged on December 1. India Vix Index shot up 21 per cent to 16.22, indicating nervousness among investors.
The Sensex was down 897.28 points, or 1.52 percent, at 58,237.85, and the Nifty was down 258.60 points. The fallout of Silicon Valley Bank was followed by turmoil at Signature Bank, keeping investors worried about the strength of the US banking system.
Short covering move seen in early part of the week fizzled out as heightened volatility in global markets pushed Nifty back near 17400 on Friday. Sharp rise in US treasury yields spooked investors for another 50 bps hike by US FED. Primarily weakness was seen among index heavyweights however midcap and small cap space relatively outperform.
On the weekly chart, the index has fallen below its 14-day moving average, indicating bearishness. On the lower end, it may drift down towards 39,650–39,500. The market will remain in sell-to-rise mode until Nifty closes above 17,850.
The Nifty Auto index closed on a negative note on friday. Shares of balkrishna Industries, Tata Motors, maruti Suzuki and Ashok Leyland ended the day as top gainers in the pack.
The Nifty and Sensex traded lower by 1.3 percent in early hours of trade. A strong report may lead the Federal Reserve to raise interest rates by 50 basis points on March 22. The s&p 500's bank index has hit its lowest level since mid-October.
The Sensex was down 541.81 points, or 0.90 percent, at 59,806.28, and the Nifty was down 164.80 points. Bears took charge and the selling extended in the second half.
The Nifty traded down 20 points as of 10.20am, trading at 17,691 level. Put writers converged at 17,600 during the first hour of trading. Some kept adding positions at 17,650 trying to fight off the bulls.
Equity benchmark indices Sensex and Nifty ended marginally lower in a highly volatile trade on Tuesday. Investors prefer to stay cautious ahead of the release of minutes of the federal open market committee meeting. The market is keenly eyeing the US fed meeting minutes for hints on further monetary policy tightening.
Nifty on the daily chart inched higher but failed to show much momentum to surpass 18,000 levels on the closing basis. The index is trading in the range of 50 DEMA and 200 DEMA (Daily Exponential Moving Average).
The Indian equity market extended the winning streak on the second consecutive session with benchmark indices crossing major levels. The market started the day on a flat note, but pick-up the pace as the day progressed with Nifty making a high close to 18,200, while Sensex also went above 61,100.
Indian frontline indices Sensex and Nifty50 will resume trading on Tuesday. Broader market nifty50 finished at 17,894.85, down 61.75 points or 0.34 per cent. The banking gauge settled at 42,134.85, lower by 236.40 points.
The 30-share BSE Sensex declined by 147.47 points or 0.25 per cent to settle at 59,958.03. The broader NSE Nifty fell 37.50 points and 0.21 per cent at 17,858.20.
India's domestic indices started 2023 on a downbeat note after a decent end in 2022. Nifty and Sensex lost 1.98 percent and 1.86 percent so far in January. Analysts are anticipating a modest impact on the Indian markets in the short term.
The S&P 500 rose 1.1% by mid-day in new york, while the tech-heavy Nasdaq 100 was up 2.2%. The yield on 10-year Treasuries declined four basis points to 3.53%. Bitcoin increased 2.3% to trade around the $16,800-level.
The broader NSE Nifty climbed 1.35 per cent, or 241.75 points, to end at 18,101.2. Despite the recovery, markets may remain choppy as most of the lingering worries are yet to subside.
The market saw some selling in the initial few minutes of the day. The Nifty traded down 0.03 percent or 6 points t o 18,191. However, some recovery was seen around 9.30am. The index was up 0.30 percent to 43,332.70.
At 8:20 am, the SGX Nifty was trading 45 points or 0.25 percent lower at 18,178, indicating a negative opening for the Indian markets. Indian markets are likely to start first session of 2022 in the red on Monday on the back of negative cues from markets in the US and other parts of Asia.
SGX Nifty was an early indicator of sentiment on the NSE Nifty50. The 30-share BSE Sensex closed down 293.14 points or 0.48 per cent at 60,840.74. 13 markets, including US markets, will remain closed today.
A move above 18,500 by Nifty would reverse the bearishness, according to technical analysts. India’s VIX has come down to 14.87; breaking below will see a test of the recent low of 17,774.
Indian stock market saw a sustainable upside bounce from the lows on Thursday. NSE Nifty ended 85 points lower at 18,105, BSE Sensex closed at 60,840. Bank Nifty index went off 265 points and closed at 42,986 levels.
In the last week of 2022, the equity benchmarks lost 3.5 percent each. In the previous month, Sensex gained 3.87 percent and Nifty climbed 4.14 percent. By the end of the month, they dropped 4 percent each from their respective highs. The market will remain in a broad trading range of 18,500 and 17,800.
Broader market Nifty50 ended at 18,105.30, down 85.70 points or 0.47 per cent. S&P BSE Sensex closed at 60,840.74, down 293.14 points. On weekly basis, benchmarks ended with gains with Nifty 50 higher by 1.74 per cent according to expert.
The Sensex and Nifty ended 2022 with 4.4 per cent and 4.3 per cent gains respectively, the seventh consecutive year of gains. A seven-year consecutive return happened only once in the past, between 1988-94. The longest winning streak of Nifty was from 2002-2007, and in 2008 it declined by 52 per cent.
Sensex and Nifty lost 3.5 percent each for the month of December. The domestic market trend during the week was influenced by the movements of its global counterparts.
The NSE Nifty50 index was trading 94.8 points down at 18027.7. The 30-share BSE Sensex was down 326.13 points at 60584.15 at around 09:59AM. Mining stocks were trading lower on Thursday. Tata Steel, UPL Ltd and Bharti Airtel were among the top gainers in the Nifty pack. Indian equities have weathered the gut-wrenching volatility of 2022.
Fertilizers & Chemicals Tranvancore (up 7.81%), Aries Agro(up 5.93%), Agro Phos(up 3.30%), Bohra Industries (up 1.75%), KRISHANA(up 1) and Sikko Industries(up 0.82%) were among the top gainers in the Nifty pack. The NSE Nifty50 index was trading 120.7 points down at 18001.8, while the BSE Sensex was down 389.86 points at 60520.42 at around 10:14AM.
Volatility is likely to be the hallmark for the day as traders roll-over December F&O contracts to January. FIIs have sold shares to the tune of Rs 2,239 crores in the last 3-trading sessions and Rs 10,708 crore in the month so far.
Foreign portfolio investors (FPIs) sold a record 1.22 trillion worth of shares in the calendar so far. The Nifty staged an impressive recovery from a 52-week low of 15183.4 around mid-juuan. If flows remain consistent, they could surpass 1 trillion through this route in the previous fiscal year through November.
Nifty ViewOn December 26, 2022, the stock found support at its 100-day SMA. The next resistance for Nifty is seen at 18,200, above which Nifty could extend the gains towards 18,430.
The Nifty closed at 18,132.30 on Tuesday, up 0.65% from the previous close. 55% of respondents said they expect a trading range of 65,000-70,000 next year, while 20% expect the index to trade between 60,000 and 65,000. Investors need to moderate their return expectations in 2023.
Sensex and Nifty closed with gains on Tuesday, following a firm trend in the global markets. Tata Steel, Tata Motors, Larsen & Toubro, Asian Paints, Wipro, Bajaj Finance, ICICI Bank, Tech Mahindra and Titan were the major winners.
Indian stocks were among the top performers this year with benchmarks Sensex and Nifty surging to record high levels in December 2022. Banking stocks also gave the boost on a recovery in credit demand. Flagship Adani Enterprises Ltd shares have 117% after it became the second group firm to join the NSE Nifty 50 Index.
India's benchmark indices suffered their biggest monthly losses in December - worst since 1994. The Sensex and the Nifty lost around 2,760 points and 810 points, or 4.37 percent and 4.32 percent, respectively, during the month so far. Analysts expect further consolidation in the Indian markets over the next few months.
U.S. Markets will be closed Monday in observance of Christmas Day, which falls on Sunday. Nifty fell 2.53% last week, losing the most in 6.5 months. Appetite for risk taking damped by concerns over China’s ability to cope after abandoning Covid Zero policy.
The Indian market is set to end the year in the green, outperforming global peers. Most analysts expect Indian markets to face volatility and remain muted in the upcoming year 2023. Let's take a look at what different brokerages have pegged as the 2023 target for benchmark Nifty.
