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Stocks are expected to join the global party

Stocks are expected to join the global party Friday as overseas markets rallied overnight after US GDP data stoked growthoptimism.US stocks logged their best one-day percentage gain in three months on Thursday as investors cheered US economic data which showed the economy returned to growth in the third quarter as brightening the outlook for profits.
The [...]

Strong pullback for equities

Stocks rebounded on Friday tracking the optimism across global markets as growth concerns abated. High beta sectors like realty, metals and banks, which were on a downward spiral in the recent session, made a strong comeback. The broader market witnessed massive buying activity.
Bombay Stock Exchange’s Sensex was trading at 16350, higher by 298 points or [...]

Stocks maintained their uptrend Friday

Stocks maintained their uptrend Friday as encouraging US GDP data revived investor sentiment worldwide. Moreover, the Nifty was poised at a crucial support level and bounce back from 4750 was on the cards. High beta sectors like realty, metals and banks were the frontrunners in the rally.
“Supported by positive global trend, our markets opened with [...]

Equities pare gains

Equities pared early gains as key index heavyweights took a plunge into the negative terrain. Telecom stocks were the worst hit after Bharti Airtel’s disappointing quarterly earnings. However, the broader market continued to hold onto gains.
National Stock Exchange’s Nifty was trading at 4803.80, up 1.12 per cent or 53.25 points from the previous close. The [...]

Nifty below 4750

Equities dipped into the negative terrain, unable to sustain early gains. Traders were on a selling spree especially among index heavyweights while midcap and smallcap space witnessed some buying activity. Telecom stocks continued to be beaten down badly.
National Stock Exchange’s Nifty was trading at 4723.30, down 0.57 per cent or 27.25 points from [...]

Stocks ended negative amid volatility

A session marred with high volatility finally ended on a weak note, dragged down by losses in telecom counters. The broader market, which started off with handsome gains, also succumbed to selling pressure. The oil & gas space was also badly hit.
National Stock Exchange’s Nifty settled at provisional 4704.25, down 0.97 per [...]

The street kickstarted trade on a firm note

What started off on a promising note took a turn for the worse on Friday, with key indices breaching important support levels. The broader market which held onto gains for a major part of the session also succumbed to selling pressure.
The street kickstarted trade on a firm note, joining the global party as investors [...]

Indian shares fell 7.2 per cent

Indian shares fell 7.2 per cent in October and logged their biggest monthly fall in a year, after they closed 1 per cent lower on Friday as investors gave a thumbs down to results from some key corporates such as Reliance Industries and Bharti Airtel.
Energy giant Reliance Industries slumped 3.6 per cent to 1,931.25 rupees, [...]

The bears are out with claws drawn

The bears are out with claws drawn. Having tasted blood this week, they would look to tighten their grip next week. The BSE benchmark Sensex ended this week at 15,896.28, down 914.53 points or 5.44 per cent from last week. NSE’s Nifty settled at 4711.70, losing 285.35 points or 5.71 per cent from 4997.05 at [...]

RIL drags Sensex down tanks 4 pc

Shares of India’s largest private sector firm Reliance Industries today settled with a decline of nearly four per cent and as investors took to heavy selling after RIL reported an over six per cent fall in net profit.
During the day the stocks of the company dipped as much as 4.10 per cent in the Bombay [...]