The stock market is surging today on Friday July 26th with the Sensex rising 1,152 points to 81,192.62 and the Nifty 50 climbing above 24,800. The Nifty 50 is trading at 24,801.05 up 1.70% and with a day range of 24,410.90 low to 24,818.25 The Nifty Bank index has also gained rising 0.63% to 51,211.15. This rally comes as companies continue to report Q1 FY24-25 results and with 458 out of 4,424 listed firms having declared earnings so far. Overall, revenues are up 13.13% year-over-year while net profits have increased 4.98%. Nifty 50 Index 4-Hour Chart: TradingView Shriram Finance led…

Indian stock markets today July 23rd experienced a strong downturn following Finance Minister Nirmala Sitharaman’s Budget 2024 speech. The key indices Sensex and Nifty 50 initially plunged nearly 2% as the government proposed increased taxes on market gains and derivatives trading. As of the latest update the markets are showing signs of recovery. The Nifty 50 stands at 24,436.05 down 0.30% or 73.20 points while the Sensex is at 80,332.64 down 0.21% or 169.44 points. Nifty 50 Index: TradingView The finance minister announced a doubling of the Securities Transaction Tax (STT) on futures and options trading to 0.02% and 0.1%…

The stock market opened on a downbeat note on July 22, 2024 with the BSE Sensex dropping over 400 points and the Nifty 50 falling below 24,400. As of the latest update the Nifty 50 is trading at 24,503.55 down 0.11% or 27.35 points with a day range of 24,362.30 to 24,595.20. Nifty 50 Index: TradingView The BSE Sensex stands at 80,490.35 down 0.14% or 114.30 points ranging between 80,100.65 and 80,800.92 for the day. The Q1 FY24-25 earnings season is in full swing with 231 out of 4,400 results reported so far showing an 11.02% year-on-year revenue growth and…

Nifty 50 and Sensex reached new all-time highs on Friday before retreating. The Nifty 50 closed at 24,530.90 down 269.95 points or 1.09% after hitting an intraday high of 24,854.80. The BSE Sensex ended at 80,604.65 falling 738.81 points or 0.91% and after touching 81,587.76 earlier in the session. Despite Friday’s pullback both indices managed to close the week with slight gains. The Nifty 50 rose 28.75 points or 0.12% for the week while the Sensex added 85.30 points or 0.11%. Nifty 50 Index Weekly Chart: TradingView SBI Life Insurance Company saw its stock price increase 5.4% over the week.…

The stock market experienced a heavy pullback on Friday to end the week bearish with the BSE Sensex falling 738.81 points or 0.91% to close at 80,604.65 and the Nifty 50 dropping 269.95 points or 1.09% to end at 24,530.90. This drop was witnessed after both indices hit fresh all-time highs earlier in the day based on their stocks’ Q1 earnings report with the Sensex touching 81,587.76 and the Nifty reaching 24,854.80 Nifty 50 Index: TradingView Among the top losers, Tata Steel saw its stock price fall from an opening of 166.00 to a low of 157.20 before closing at…

The Indian stock market is experiencing a bearish day as the Sensex dropped 738 points to 80,604.65 while the Nifty 50 fell below the 24,600 and currently trading at 24,530.90 down 1.09%. This retreat comes after both indices hit fresh highs earlier in the session. The Nifty 50 day range ranged from 24,508.15 low to 24,854.80 with the latter marking a new 52-week high. Similarly the BSE Sensex traded between 80,499.10 and 81,587.76. Nifty 50 Index: TradingView Despite the drop, the market analysts suggested that the Nifty’s near-term uptrend remains intact with potential to reach 24,900 in the coming days.…

The Indian stock markets are displaying resilience today with both the Nifty 50 and BSE Sensex touching new all-time highs. As of the latest update the Nifty 50 is trading at 24,622.35 up 0.038% or 9.35 points. It has ranged between 24,504.45 and 24,678.90 today so far with the latter being its new record high.  Nifty 50 Index: TradingView Similarly the BSE Sensex is at 80,800.96 up 0.10% or 84.41 points, having moved between 80,390.37 and 80,910.45 so far and with the upper end marking its fresh peak. Analysts suggest the Nifty’s near-term uptrend remains intact with potential to…

The NIFTY 50 and Sensex hit fresh highs today with the NIFTY 50 reaching 24,613.00 up 0.11% or 26.30 points from its previous close of 24,586.70. It traded between 24,587.65 and 24,661.25 for the day and also hit its 52-week high. The BSE SENSEX rose to 80,716.55 gaining 0.064% or 51.69 points from previous close of 80,664.86. It ranged between 80,598.06 and 80,898.30 and also marked a new yearly peak. Nifty 50 Index: TradingView Coal India led gains opening at 498.00 and hitting a high of 518.40 before settling at an LTP of 512.75 up 3.01% from yesterday’s close of…

The stock market is showing positive momentum today with both the Nifty 50 and BSE Sensex reaching fresh record highs. As of the latest update Nifty 50 is trading at 24,636.30 up 0.20% or 49.60 points. The index has seen a day range of 24,599.75 to 24,661.25 with its 52 week range extending from 18,837.85 to 24,661.25. Similarly the BSE Sensex is at 80,799.73 up 0.17% or 134.87 points with a day range of 80,708.78 to 80,898.30 and a 52-week range of 8,893.00 to 80,898.30. Nifty 50 Daily Chart: TradingView Hindustan Unilever is leading the gainers currently trading at 2,711.75.…

The stock market ended the week bullish with the Nifty 50 and Sensex reaching new all-time highs on Friday July 12th. The Nifty 50 closed at 24,502.15 up 0.77% or 186.20 points for the day with a trading range of 24,331.15 to 24,592.20 Nifty 50 Index: TradingView The BSE Sensex finished at 80,519.34 gaining 0.78% or 622.00 points and traded between 79,843.39 and 80,893.51. For the week, the Nifty 50 recorded a gain of 0.73% or 178 points while the Sensex added 0.65% or 522 points. This marked the third consecutive week of gains for the Indian markets. Nifty 50…