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Sensex 400+ points higher after 3 straight loss sessions; eMudhra among stocks in focus
Sensex and Nifty opened higher on Friday after three consecutive sessions of losses.
Key points
- The Sensex settled at 73,709.69, down 143.21 points, while the Nifty ended at 22,811.35, down 77.60 points.
- Midcap and smallcap stocks declined more sharply than frontline indices, with the Nifty Microcap 250 losing 2.61%.
- Information technology shares saw a strong rally, which helped limit overall market losses.
Why it matters. Profit booking, elevated crude oil prices, and geopolitical uncertainty weighed on investor sentiment and led to a reversal of early market gains.
Sensex and Nifty opened higher on Friday in India following three straight sessions of losses. Brent crude oil futures rose to $113.5 a barrel due to Houthi attacks on Saudi Arabia, while foreign portfolio investors bought 10.22 billion rupees of stocks on Thursday. Hitesh Tailor of Choice Broking stated that sellers continue to emerge on rebounds, keeping the market bias cautious.
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Sensex 400+ points higher after 3 straight loss sessions; eMudhra among stocks in focus
Nifty and Sensex have declined about two per cent each so far this week, with sentiment weighed down by a surge in Brent crude oil futures to $113.5 a barrel. Sensex and Nifty opened higher on Friday after three consecutive sessions of losses, although gains were expected to be short-lived amid surging oil prices in the backdrop of escalating tensions in the Middle East.GIFT Nifty futures were trading at 22,830.50 at 7:42 am, signalling a positive opening for the benchmark Nifty 50, which closed at 22,687.65 on Thursday, according to a Reuters report.The Nifty and Sensex have declined about two per cent each so far this week, with sentiment weighed down by a surge in Brent crude oil futures to $113.5 a barrel amid concerns over further energy supply disruptions following Houthi attacks on top oil exporter Saudi Arabia."Recent price action suggests buyers are attempting to defend lower levels, but sellers continue to emerge on rebounds, keeping the market bias cautious," Reuters quoted as saying Hitesh Tailor, technical research analyst at Choice Broking.Asian markets opened lower, dragged down by technology stocks after Wall Street equities fell overnight.The Nasdaq slumped more than 2%, while Meta shares fell nearly 8% after the Facebook parent reported its first cash outflow in more than a decade, driven by expenditure related to artificial intelligence.Foreign portfolio inve.
Sensex Falls 143 Points, Nifty Ends Below 22,850 After Sharp Intraday Reversal; IT Stocks Rally
The Sensex settles at 73,709.69, down 143.21 points, or 0.19%, from its previous close of 73,852.90, while the Nifty ends at 22,811.35, down 77.60 points, or 0.34%. The domestic equity markets ended lower on Wednesday after a volatile session in which the Sensex and Nifty surrendered their early gains amid profit booking and selling across banking, auto and broader market stocks. A strong rally in information technology shares and a late recovery from intraday lows helped limit the losses. The BSE Sensex settled at 73,709.69, down 143.21 points, or 0.19%, from its previous close of 73,852.90. The index opened at 74,337.93 and surged to an intraday high of 74,682.19 before reversing course to hit a low of 73,229.45. It recovered from the day’s low towards the close but remained below its previous closing level. The NSE Nifty ended at 22,811.35, down 77.60 points, or 0.34%, from its previous close of 22,888.95. The index opened at 23,016 and climbed to an intraday high of 23,120.90 before falling to a low of 22,649.90. It also recovered from the day’s low but failed to return to positive territory. The session was marked by a sharp reversal from early highs as investors booked profits, while elevated crude oil prices and geopolitical uncertainty weighed on sentiment. The Nifty’s inability to sustain gains above 23,100 added to the cautious undertone. Broader markets underperform .
Sensex falls 143 points, Nifty ends below 22,850 after intraday reversal
Indian equity markets ended lower on Wednesday after a volatile session. The Sensex settled at 73,709.69, down 143.21 points or 0.19% from its previous close of 73,852.90. The Nifty ended at 22,811.35, down 77.60 points or 0.34%. Early gains were surrendered amid profit booking and selling across banking, auto and broader market stocks. A strong rally in information technology shares and a late recovery from intraday lows helped limit the losses. The benchmarks had jumped around 1% earlier in the day, with the Nifty briefly reclaiming the 23,000 mark.