The Sensex and the Nifty took heavy knock on Friday due to consistent fall across all the sectors. Rising concerns over Eurozone and disappointing US data dented the sentiment. Even the Indian rupee depreciated by 40 paise to record low of 54.86 a dollar as euro and other Asian currencies too were under pressure. The market has been falling in last nine out of 13 sessions. The BSE benchmark tumbled 250.52 points or 1.56% to 15,820, weighed down by 29 components. Meanwhile, the NSE benchmark dropped 77.35 points or 1.59% to 4,792.85 (below 4800 level for the first time since January 10, 2012). Tata Motors, country's largest commercial vehicle manufacturer plunged 5% while top car maker Maruti Suzuki lost 4%. Engineering and construction major by sales Larsen & Toubro was down nearly 2% and state-owned BHEL fell over 3%. Private sector lenders ICICI Bank and HDFC Bank dropped 2% and 1.35%, respectively, but State ... Read More

The BSE Sensex continued to hold about 150 points gains led by short covering. Meanwhile the NSE Nifty remained above the 4900 level quite nicely led by support from stocks like Reliance Industries and ITC. SBI, Bharti Airtel and HDFC Bank too were quite supportive. The BSE benchmark moved up 150 points or 0.94% to 16180 and the NSE benchmark rose 45.45 points or 0.94% to 4,903.7. Shares of ITC and Bank of Baroda topped the buying list, rising 3.7% and 3.4%, respectively. Ambuja Cements, DLF and SAIL were up 2.5-3%. Among banking and financial stocks, HDFC Bank, HDFC and State Bank of India rallied 1-2% while ICICI Bank was up just 0.3%. Oil & gas producer Reliance Industries and top telecom operator Bharti Airtel climbed 1.3% each. However, India's largest enginnering and construction company by sales Larsen & Toubro dropped over 1%. Bajaj Auto, country's second largest two-wheeler maker fell 1.3% ahead of quarterly ... Read More

The BSE Sensex extended losses, falling close to 300 points due to consistent downtrend across the board. Asian markets too slipped further following political tensions in Greece, wherein re-election will take place around mid-June. Hang Seng crashed 2.66% and Kospi tumbled 2%. Straits Times, Taiwan and Nikkei were down 1.4% while Shanghai declined 0.44%. Back home, the BSE benchmark tanked 297.26 points or 1.82% to 16,030.99 due to fall in 28 components. Meanwhile, the NSE benchmark lost 87.45 points or 1.77% to 4,855.35. The broader markets slipped 1%. Due to the volatile environment around the globe and in India, Dilip Bhat of Prabhudas Lilladher expects the Nifty to fall to 4500 levels by December. Shares of Tata Motors, country's largest commercial vehicle plummeted 6% on the back of disappointing sales in April. Top car maker Maruti Suzuki lost 3.5% whereas Hero Motocorp, M&M and Bajaj Auto dropped 1-2%. Country's largest private sector lenders ICICI ... Read More

The NSE Nifty stayed below the 4950 level due to consistent sell-off in banks, oil & gas, technology and metals stocks. Market experts feel the next support level would be at 4800 level as benchmarks have been falling in five out of six sessions since last Friday. Sudarshan Sukhani sees the market closing the week on a lower note. He expects Nifty to breach 4,900 levels today. “If it is not done today, then it may certainly happen in the next week,” he added. The BSE benchmark fell 94 points to 16,326.24 and the NSE benchmark was down 33.5 points to 4,932.20. The BSE Midcap and Smallcap indices too were under pressure, losing 0.7% each. Country's largest lenders State Bank of India, ICICI Bank, HDFC Bank and Axis Bank were down 0.4-0.7%. Even India's largest software services exporter Tata Consultancy Services and Infosys declined 0.3% and 1.6%, respectively. Index heavyweight Reliance Industries slipped 0.5% while ... Read More