Market 

Sensex sheds 586 points over Covid-19 surge in biggest drop since April 30

By Administrator_ India Capital Sands The benchmark indices on Monday declined along with Asian and European peers as investors were worried by the surge in Covid-19 cases and rising inflation. The benchmark Sensex fell 586 points to end the session at 52,553, a decline of 1.10 percent in the biggest single-day fall since April 30. The Nifty tumbled 171 points to end the session at 15,752, a drop of 1.07 percent. Safe-haven assets, including gold, rose amid risk-off sentiment among investors. The US bond yields were trading at their lowest since February 12 at…

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Market 

Gold edges up on Delta virus threat, lower US bond yields

By Administrator_ India Capital Sands Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited gains for the safe-haven metal. Spot gold was up 0.1% at $1,812.83 per ounce, as of 0243 GMT, after falling 1% in the previous session. U.S. gold futures eased 0.1% to $1,813.70. “Covid-driven risk aversion is driving Asian markets today after a weak finish on Wall Street on Friday,” said Jeffrey…

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Market 

Sensex Opens Flat; M&M, ICICI Bank Top Gainers, TCS, Infosys Weak

By Administrator_ India Capital Sands The domestic stock markets have opened on a cautious note due to mixed global trends. Asian markets are mixed in early trading and trends on SGX Nifty indicate a cautious opening for the Nifty in India, with a 9-points gain. As of 9:20 am, the BSE Sensex is trading at 52,508.35, lower by 11 points and the NSE Nifty is at 15,683, up to two points. Asia-Pacific stocks were mixed in Friday morning trade as investors look ahead to a closely-watched U.S. jobs report set…

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Market 

Sensex, Nifty Likely To Have A Cautious Opening

By Administrator_ India Capital Sands The Indian stock markets are likely to open mildly in the green, extending the gains witnessed in Friday’s session. Trends on SGX Nifty indicate a positive opening for the Nifty in India, with a 25-point gain. At 7:30 am, the Nifty futures were trading at 15,896, higher by 25 points or 0.15 percent, on the Singapore Stock Exchange. Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases across Asia over the weekend hurt investor sentiment while…

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Market 

Asian Stocks Up Following U.S. $579 Infrastructure Deal

By Administrator_ India Capital Sands Asia Pacific stocks were up Friday morning after a U.S. $579 billion infrastructure deal boosted investor sentiment and sent U.S. shares to record levels. Japan’s Nikkei 225 was up 0.68% by 10:19 PM ET (2:19 AM GMT). The Tokyo Core Consumer Price Index was at 0% in June year-on-year, but above the 0.1% contraction in forecasts prepared by investing.com and the 0.2% contraction in the same month in 2020. South Korea’s KOSPI jumped 0.76%. In Australia, the ASX 200 rose 0.38%. Hong Kong’s Hang Seng Index increased 0.57%. China’s Shanghai Composite was up 0.21% while the Shenzhen Component rose 0.56%. The…

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Market 

Sensex Drops 300 Points, Nifty Below 15,700

By Administrator_ India Capital Sands The Indian equity benchmarks staged a gap-down opening on the back of weak global cues after US Federal Reserve stunned investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher. The Sensex fell as much as 402 points and the Nifty 50 index fell below its important psychological level of 15,700. As of 9:21 am, the Sensex was down 270 points at 52,231 and the Nifty 50 index slipped 82 points to…

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Market 

Sensex, Nifty Open At Record Highs Led By Gains In Reliance Industries

By Administrator_ India Capital Sands The Indian equity benchmarks opened at new all-time highs on Tuesday led by gains in index heavyweight Reliance Industries, Infosys, HDFC Bank, ICICI Bank, HDFC, and Tata Consultancy Services. The Sensex rose as much as 234 points to hit an all-time high of 52,785.71 and the Nifty 50 index touched an all-time high of 15,878.75. As of 9:21 am, the Sensex was up 0.4 percent or 225 points at 52,777 and the Nifty 50 index advanced 63 points to 15,874. Hopes of faster economic recovery…

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Market 

Sensex Sheds Over 400 Points, Financial Stocks Trade Weak

By Administrator_ India Capital Sands The domestic stock markets have opened in the red, after closing at record highs on Friday, due to the emergence of profit-booking at high levels. At 9:30 am, the BSE Sensex was trading at 52,046.50, lower by 444.15 points or 0.88 per cent and the NSE Nifty was at 15,631.54, down 169.50 points or 1.5 per cent. The broader markets received a hammering in early trading, with the BSE Midcap index and BSE Smallcap index losing 2 percent and 1.6 percent respectively. The selling was…

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Market 

BSE, NSE shut today on account of Ramzan Id

By Administrator_ India Capital Sands The NSE of India and the BSE will remain closed on May 13 on account of Id-Ul-Fitr (Ramzan Id). Wholesale commodity markets, including metal and bullion, will also remain shut. There will be no trading activity in the forex and commodity futures markets as well. On May 12, the Sensex was down 471.01 points or 0.96% at 48690.80, and the Nifty was down 154.30 points or 1.04% at 14696.50. On the sectoral front, the Nifty PSU Bank index rose over 3 percent, while Nifty Bank,…

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European Stock Futures Mixed; Reopening Confidence Grows Market 

European Stock Futures Mixed; Reopening Confidence Grows

By Administrator_ India Capital Sands European stock markets are seen opening in a mixed fashion Tuesday, amid continued concerns over rising Covid-19 cases in India but also optimism as major economies around the world reopen. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France dropped 0.2% but the FTSE 100 futures contract in the U.K. rose 0.6%. Monday’s session on Wall Street saw the Dow Jones Industrial Average end 0.7% higher, the broad-based S&P 500 gain 0.3%, but the Nasdaq Composite dipped 0.5% as technology stocks lagged sectors seen as beneficiaries…

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