The stock market continued its bullish run on Thursday Aug 1st with both the Nifty 50 and BSE Sensex reaching uncharted levels. The Nifty 50 surpassed the 25,000 mark closing at 25,010.90 up 0.24% or 59.75 points. The BSE Sensex also hit a new milestone breaching 82,000 before settling at 81,867.55 gaining 0.15% or 126.21 points. The Nifty Bank index showed marginal growth ending at 51,564.00 up 0.021% or 10.60 points. Sensex Index Daily Chart: TradingView Technical analysis suggests the market remains in an uptrend with both indices consistently breaking higher highs. The bullish outlook is expected to…

Indian markets continued their bullish trend today 31st July with the Nifty 50 rising 0.38% to 24,951.15 and the BSE Sensex gaining 0.35% to 81,741.34. The Nifty Bank index also edged up 0.11% to 51,553.40. We remain optimistic about the market’s trajectory noting that the bullish trend is likely to continue unless prices drop and close below the 24,074 lower low level for Nifty 50. Q1 FY24-25 results from 735 out of 4,418 companies show revenue growth of 12.43% year-over-year though net profit growth has been more slight at 0.56% Nifty 50 Daily Chart: TradingView Maruti Suzuki India Limited led…

In today’s trading session the stock market showed positive momentum. The BSE Sensex closed with a gain of 99.56 points at 81,455.40 while the Nifty 50 added 21.20 points to reach 24,857.30. The Nifty Bank index also advanced rising by 93.05 points to 51,499.30. This upward trend follows both the Nifty 50 and Sensex hitting fresh highs yesterday on July 29th. Nifty 50 Index Chart: TradingView The ongoing Q1 FY24-25 earnings season has seen results from 653 out of 4,585 companies so far. Revenue growth year-over-year stands at 12.71% while net profit has increased by 5.09%. Today alone 85 companies…

The stock markets opened the week on a high note with both the Sensex and Nifty 50 hitting new all-time highs before retracing lower. The Nifty 50 is trading at 24,859.60 up 0.100% or 24.75 points with a day range of 24,790.45 to 24,999.75. The BSE Sensex is at 81,417.56 up 0.10% or 84.84 points ranging between 81,162.90 and 81,908.43. Nifty Bank is also performing well up 0.73% at 51,669.85 Nifty 50 Index Daily Chart: TradingView This positive momentum follows last week’s strong performance where the Sensex gained 1,292 points and the Nifty closed above 24,830. For the entire week…

Nifty 50 and Sensex recorded gains on Friday with the Nifty 50 rising 428.75 points or 1.76% to close at 24,834.85 while the Sensex jumped 1,292.92 points or 1.62% to end at 81,332.72. The day’s trading range for Nifty 50 was 24,410.90 to 24,861.15 high and for Sensex was 80,013.60 low to 81,427.18                                         Nifty 50 Index Monthly Chart: TradingView Weekly performance showed Nifty 50 surging 1.24% or 303 points and Sensex gaining 0.90% or 728 points. Q1 FY24-25 results so…

The stock market ended the week on a high note with both the Nifty 50 and Sensex posting significant gains. The Nifty 50 surged 1.76% or 428.75 points to close at 24,834.85, while the Sensex rose 1.62% or 1,292.92 points to finish at 81,332.72. Over the week the Nifty 50 climbed 1.24% or 303 points while the Sensex added 728 points up 0.90%.  Nifty 50 Index Weekly Chart: TradingView Trading ranges were wide, with the Nifty 50 moving between 24,410.90 and 24,861.15 and the Sensex spanning 80,013.60 to 81,427.18 on Friday. In corporate news, 531 out of 4,425 companies have…

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.…