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Archive for the market-commentory Category

14.02 PM: Market off day’s high ahead of expiry; Bank Nifty touches 21000

February 23, 2017 | market-commentory | | Comments Off on 14.02 PM: Market off day’s high ahead of expiry; Bank Nifty touches 21000

The market erased some gains in afternoon trade, ahead of expiry of February Nifty derivative contracts. The Sensex was up 122.97 points at 28987.68, while the Nifty rose 40.80 points at 8967.70. The market saw some selling pressure after 1,298 shares advanced, while 1,366 shares declined. About 200 shares were unchanged. The Bank Nifty staged […]

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13.02 PM: Nifty extends gain on expiry day, Sensex touches 29K; Infy up 2%

February 23, 2017 | market-commentory | | Comments Off on 13.02 PM: Nifty extends gain on expiry day, Sensex touches 29K; Infy up 2%

The market extended its gains during the afternoon session after clocking its 52-week high on the Nifty, driven by Infosys, HDFC Bank and Bharti Airtel. The Sensex was up 118.56 points at 28983.27, while the Nifty rose 39.90 points at 8966.80. The market breadth narrowed as 1,321 shares advanced, 1,241 declined while 191 shares remained […]

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12.00 PM: Nifty hits 52-week high amid volatility ahead of F&O expiry

February 23, 2017 | market-commentory | | Comments Off on 12.00 PM: Nifty hits 52-week high amid volatility ahead of F&O expiry

The market continued to hold morning gains despite volatility ahead of expiry of futures & options contracts for the month of February. It is also heading for fifth consecutive week of gains. The 30-share BSE Sensex gained 95.76 points at 28960.47 and the 50-share NSE Nifty rose 29.75 points to 8956.65. The broader markets also […]

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11.05 AM: Nifty near 1-year high, Sensex up 100 pts; rupee at 2-week high

February 23, 2017 | market-commentory | | Comments Off on 11.05 AM: Nifty near 1-year high, Sensex up 100 pts; rupee at 2-week high

Benchmark indices remained higher amid volatility and are heading for fifth consecutive week of gains, aided by technology and telecom stocks. However, profit booking in Reliance Industries, ICICI Bank and Axis Bank limited gains. The 30-share BSE Sensex was up 96.51 points at 28961.22 and the 50-share NSE Nifty rose 31.45 points to 8958.35. The […]

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10.02 AM: Nifty hovers around 8950; Sensex higher on IT, telecom support

February 23, 2017 | market-commentory | | Comments Off on 10.02 AM: Nifty hovers around 8950; Sensex higher on IT, telecom support

Equity benchmarks continued its upward movement amid consolidation ahead of February derivative contracts’ expiry, supported by telecom and technology stocks. The 30-share Sensex was up over 63 points at 28928.42 points, while the Nifty was up 19 points at 8946.05. The market’s breadth was narrow, with 1,058 shares having advanced, 869 shares having declined. Meanwhile, […]

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9.17 AM: Nifty reclaims 8950, Sensex higher; Idea rises 7%, Bharti up 10%

February 23, 2017 | market-commentory | | Comments Off on 9.17 AM: Nifty reclaims 8950, Sensex higher; Idea rises 7%, Bharti up 10%

Equity benchmarks started off last day of the week on a positive note but erased some opening gains on profit booking amid weak Asian cues. The 30-share BSE Sensex was up 40.16 points at 28904.87 and the 50-share NSE Nifty rose 10.30 points to 8937.20. About 477 shares advanced against 283 declining shares on the […]

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