Author: Enos Mwangi

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…

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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.…

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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…

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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…

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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.…

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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…

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The Stock market soared to new heights as the BSE Sensex surged over 622 points to cross 80,500, while the Nifty 50 ended above 24,500. The Nifty 50 closed at 24,502.15 up 0.77% or 186.20 points with a day range of 24,331.15 low to 24,592.20 high. The Sensex finished at 80,519.34 gaining 0.78% or 622 points ranging between 79,843.39 to 80,893.51.  This marks the third consecutive bullish week with Nifty 50 gaining 0.73% and Sensex up 0.65% for the week. Nifty 50 Index Weekly Chart: TradingView TCS led the gainers opening at 3,980.00 and reaching a high of 4,199.95. The…

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The stock market is soaring to new heights today after 2 bearish consecutive days with both the Sensex and Nifty 50 reaching all-time highs. As of the latest update the Sensex has gained over 600 points climbing above 80,500 while the Nifty 50 has added more than 180 points.  The Nifty 50 is currently trading at 24,498.65 up 0.75% or 182.70 points, with a day range of 24,331.15 to 24,592.20. The BSE Sensex stands at 80,514.29 up 0.77% or 616.95 points ranging between 79,843.39 and 80,893.51 so far for the day. Nifty 50 Index Daily Chart: TradingView TCS leads the…

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The stock market is witnessing bearish movement for the second consecutive day this week. The NIFTY 50 index has touched 24,402.65 high today before settling at 24,316.25, down 0.034% or 8.20 points at the time of writing. Sensex hit 80,170.09 but now trades lower at 79,859.27 declining 0.082% or 65.50 points. The day so far is characterized by notable losses among several key stocks. For the day so far Nifty 50 has fluctuated between 24,193.75 and 24,402.65 while Sensex has moved between 79,464.38 and 80,170.09 Nifty 50 Index Daily Chart: TradingView This backdrop sets the stage for a closer look…

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The stock market witnessed a rough ride today July 10th with both the Sensex and Nifty 50 touching new all-time highs before closing bearish. The Sensex surged to 80,481.36 before settling at 79,924.77, down 426.87 points or 0.53%. Similarly the Nifty 50 reached 24,461.05 before ending at 24,324.45 dropping 108.75 points or 0.45%. Nifty 50 Index Daily Chart: TradingView M&M emerged as the biggest loser among the top 10 stocks plummeting 6.69%. The stock opened at 2,930.00 hitting a similar high and a low of 2,697.90. Its last traded price (LTP) stood at 2,729.90 significantly below the previous close of…

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