Market
Sensex, Nifty end week higher as banking shares drive gains
The BSE Sensex ended 231.99 points, or 0.31%, higher at 75,415.35. The Nifty 50 gained 64.60 points, or 0.27%, to close at 23,719.30.
The BSE Sensex ended 231.99 points, or 0.31%, higher at 75,415.35. The Nifty 50 gained 64.60 points, or 0.27%, to close at 23,719.30.
At 1:45 PM, the BSE Sensex was up 514.96 points, or 0.68%, at 75,698.32. The index touched an intraday high of 75,810.97 and a low of 75,230.75.
Parle Industries shares hit the upper circuit for a third straight session after the Modi-Meloni Melody video went viral. The rally reflected confusion over the Parle name, even though Melody toffees are made by unlisted Parle Products.
The BSE Sensex was up 336.46 points at 75,519.82 around 9:26 am, while the NSE Nifty50 gained 86.30 points to trade at 23,741.00.
Dalal Street is set for a near-flat start as crude hovers near $105 and traders watch US-Iran talks. Foreign selling, mixed technical signals and domestic buying are keeping the market range-bound.
From tensions in the Middle East to growing fragmentation in global trade and continued pressure on commodity prices, multiple headwinds have battered investor sentiment worldwide. However, instead of witnessing a sharp market crash, investors are seeing prolonged sideways movement and extended consolidation across global and Indian equities.
The BSE Sensex closed 135.03 points lower at 75,183.36, while the NSE Nifty50 slipped 4.30 points to end at 23,789.00.
Parle Industries shares hit an upper circuit again after videos showed Prime Minister Narendra Modi gifting Melody toffees to Italian Prime Minister Giorgia Meloni. The move drew attention because the stock has no link to Parle Products, pointing to mistaken-identity buying.
The BSE Sensex jumped 345.02 points, or 0.46%, to 75,663.41 in early trade, while the NSE Nifty50 rose 131.30 points, or 0.55%, to 23,790.30 as of 9:44 am.
The BSE Sensex rose 117.54 points, or 0.16%, to close at 75,318.39, while the NSE Nifty50 gained 41 points, or 0.17%, to settle at 23,659.
Social media buzz around PM Modi gifting Melody to Italy PM Giorgia Meloni appears to have sparked confusion among retail investors, sending Parle Industries shares sharply higher despite no business connection to the toffee brand. Parle Products is the firm producing the Melody toffee.
The BSE Sensex fell 389.19 points, or 0.52%, to 74,811.66 in early trade, while the NSE Nifty50 dropped 107.90 points, or 0.46%, to 23,510.10 as of 9:39 am.
The BSE Sensex fell 389.19 points, or 0.52%, to 74,811.66 in early trade, while the NSE Nifty50 dropped 107.90 points, or 0.46%, to 23,510.10 as of 9:39 am.
Stock markets are set for a weaker open as rising crude, higher US yields and Iran tensions weigh on sentiment. Persistent foreign selling, elevated volatility and key technical levels are keeping traders cautious.
The S&P BSE Sensex slipped 114.19 points, or 0.15%, to close at 75,200.85, while the NSE Nifty50 fell 31.95 points, or 0.14%, to settle at 23,618.
Major IT stocks rebounded sharply on Tuesday, led by Infosys, TCS and midcap peers. The move reflected improving risk appetite, bargain hunting and renewed hopes of stronger US tech spending.
Adani Group shares climbed in morning trade after the US moved to drop charges against Gautam Adani and his associates. The move, along with the LPG settlement, eased regulatory uncertainty and lifted investor confidence.
The S&P BSE Sensex jumped 365.07 points, or 0.48%, to 75,680.11 in early trade, while the NSE Nifty50 gained 107.55 points, or 0.45%, to 23,757.50, as of 9:40 am.
Markets are set for a mildly positive open even after a second fuel price hike in a week. Hopes of easing tensions around Iran are offering support, but high crude prices and volatility are keeping traders cautious.
The S&P BSE Sensex added 77.05 points to end at 75,315.04, while the NSE Nifty50 gained 6.45 points to close at 23,649.95.