Banks, Tata stocks help Nifty end over 2-month closing highMon, 16 Jan 2017 16:10:40 +0530 Equity benchmarks closed at over two-month closing high on Monday, outperforming Asian peers, driven by banking financials and Tata Group stocks. However, the selling in index heavyweights Infosys, Reliance Industries and ITC weighed on the market.
Nifty hovers around 8400, Midcap outperforms; Reliance, ITC slipMon, 16 Jan 2017 12:00:10 +0530 Benchmark indices remained volatile with the Nifty hovering around 8400 level ahead of December quarter earnings. Globally investors await more detail on the UK's Brexit plan and the inauguration of President-elect Donald Trump in the US later this week.
Nifty snaps 3-day gains but manages to hold 8400; up 2% for weekFri, 13 Jan 2017 16:16:38 +0530 The market failed to extend gains for fourth consecutive session Friday as the Nifty ended flat with a negative bias but managed to hold the 8400-mark. Technology stocks dragged the market lower but index heavyweights ITC, HDFC and Reliance Industries capped the downside.
Sensex ends in red, Nifty at 8400; TCS, Infosys drag 3-4%Fri, 13 Jan 2017 14:00:22 +0530 Benchmark indices extended losses amid volatility in afternoon trade with the Nifty struggling below 8400 level, dragged by further fall in technology stocks. Infosys cracked 3 percent and TCS 4 percent on profit booking after third quarter earnings.
Nifty hovers around 8400; Infosys TCS most active; Axis soarsFri, 13 Jan 2017 12:00:25 +0530 Benchmark indices remained volatile in noon with the Nifty hovering around 8400 level, especially after three-day rally. Expected fall in December CPI inflation and unexpected growth in factory data despite currency demonetisation seems already priced in.
Nifty below 8400, Sensex in red; Tata group stocks dragFri, 13 Jan 2017 10:00:55 +0530 Tata group stocks TCS, Tata Steel and Tata Motors are down 1-2 percent. Infosys is down 1 percent and Dr Reddy's Labs are losers in the Sensex. Among gainers are ONGC, Coal India, HDFC, GAIL and HUL.
Nifty gains for 3rd day; Trump views drag pharma, Infosys soarsThu, 12 Jan 2017 16:23:38 +0530 Analysts are hoping that December quarter earnings will be healthy for the market. Abhay Laijawala of Deutsche Bank says based on a bottom-up aggregate of estimates, the Sensex is likely to post earnings growth of 15.4 percent YoY in the December 2016 quarter.