Sensex, Nifty fall sharply on fears over new coronavirus variant

Indian shares dropped more than 1% on Friday, with losses seen across sectors, as investors fled risky assets after a new and possibly vaccine-resistant coronavirus variant was detected in South Africa. The blue-chip NSE Nifty 50 index was down 1.43% at 17,284.75 by 9:19 am, while the benchmark S&P BSE Sensex fell…

Sensex, Nifty recover as energy, IT stocks rise; Reliance up 6%

Indian shares recovered from session lows to end Thursday higher, helped by energy and IT stocks, with a 6% rally in Reliance Industries leading the way. The blue-chip NSE Nifty 50 index ended up 0.7% at 17,536.25, while the benchmark S&P BSE Sensex rose 0.78% to 58,795.09. “A lot of shopping has…

Sensex, Nifty flat as banks counter gains in energy, tech

Indian shares were subdued in volatile trading on Thursday, as technology and energy sectors offset losses in banking stocks, while heavyweight Reliance Industries jumped more than 1% after a sharp fall in the previous session. The blue-chip NSE Nifty 50 index was up 0.12% at 17,436 by 9:19 am, while the benchmark…

Sensex, Nifty inch higher as energy, banking stocks gain

Indian shares edged up on Wednesday, boosted by energy and financial sectors, while stocks globally were on the edge as traders weighed volatile oil prices after the United States and other nations moved to cool prices. The blue-chip NSE Nifty 50 index rose 0.14% to 17,527.25 by 9:21 am, while the benchmark S&P BSE…

Sensex, Nifty decline amid concerns over global economic growth

Indian shares dropped on Tuesday after falling nearly 2% a day earlier, as technology, financial, and energy stocks slipped, and surging COVID-19 cases in Europe raised concerns of a hit to global economic growth. The blue-chip NSE Nifty 50 index fell 0.96% to 17,255.40 by 9:26 am, while the benchmark S&P BSE…

Sensex, Nifty end 2% lower as Reliance weighs; Paytm falls over 12%

Indian shares declined their most in seven months on Monday, dragged by heavyweight Reliance Industries, with losses in financial, auto and oil and gas shares pulling indexes further. The blue-chip NSE Nifty 50 index ended down 1.96% at 17,416.55, while the benchmark S&P BSE Sensex declined 1.96% to 58,465.89. Both…

Sensex, Nifty fall as Reliance drags energy stocks lower; Paytm down

Indian shares slipped on Monday as market heavyweight Reliance Industries led energy stocks lower and the return of COVID-19 restrictions in Europe weighed on investor sentiment. The blue-chip NSE Nifty 50 index dropped 0.61% to 17,656.20, while the benchmark S&P BSE Sensex fell 0.65% to 59,250.74 by 9:27…

Sensex, Nifty opened weaker as bank stocks drag

Indian shares fell on Wednesday, dragged by banking and pharma stocks, with Reliance Industries and Housing Development Finance Corporation Ltd weighing on the Nifty 50 index. The blue-chip NSE Nifty 50 index slipped 0.24% to 17,956.10 and the benchmark S&P BSE Sensex fell 0.26% to 60,165.7 by 9:29 am.…

Sensex down over 200 points, Nifty slightly above 18,000

Indian shares fell on Tuesday as losses in finance and energy sectors outweighed gains in tech and metal stocks. The blue-chip NSE Nifty 50 index slipped 0.18% to 18,076.2 and the benchmark S&P BSE Sensex fell 0.22% to 60,598.6 by 9:21 am. The Nifty Bank Index dropped 0.5%. Federal Bank , IDFC First Bank, and Kotak…

Sensex, Nifty open higher as IT stocks gain momentum; inflation data in focus

Indian shares rebounded on Friday, helped by IT stocks and Tata Steel, while investors also focused on more Nifty 50 company earnings and retail inflation reading for October due later in the day. The blue chip NSE Nifty 50 index rose 0.60% to 17,981.50 and the benchmark S&P BSE Sensex rose 0.59% to…