Sensex Today | Nifty 50 | Stock Market Live Updates: Good morning, traders. If last week was volatile, this week may not begin any calmer for Dalal street.
Markets begin Monday’s session under fresh pressure from climbing crude oil prices, global uncertainty and bond yield concerns. At the moment, Brent crude oil is about $110 a barrel. But investors are getting more and more nervous about inflation, fuel prices and the stance of foreign investors with every spike in oil prices.
That said, this may also be one of the last busy weeks of the current earnings season, meaning stock-specific action is likely to remain hot throughout the day.
It’s pretty much the same job for nifty bulls. Somehow, last week, the index held the crucial level of 23,500.
Nifty Bank underperformed on Friday, and so all eyes will be on banking stocks. Rate-sensitive sectors, especially PSU banks, are coming under fresh pressure due to rising bond yields again, which could see sharp intraday moves.
Shares like Tata Steel, Vodafone Idea, ITC Hotels and Hindustan Copper may see earnings-driven action as investors will respond to quarterly numbers and management commentary.
We will follow all major market action, Sensex-Nifty movement, sectoral activities, top performers and underperformers, earnings and global cues throughout the session.
Stay tuned for all the LIVE stock market updates today.
Indian equity markets saw a sharp recovery from intraday lows in the volatile trade on Monday. Sensex ends 77 pts higher at 75,315, Nifty 50 up 6 pts at 23,650. The NSE Nifty 50, too, managed to end 6 points higher at 23,650.
Amber Enterprises India Shares slipped over 14% to 7,261 in afternoon trade on Monday. Shares were down to an intraday low of 6,980, facing heavy selling pressure.
Vodafone Idea shares dropped over 1% to trade at 12.78 in afternoon trade on Monday. The telecom stock continued to trade on a volatile note and had an intraday high and low of 13.05 and 12.45.
Markets traded volatilly in midday trade on Monday with benchmark indices trading under pressure as banking stocks remained weak. The Nifty 50 was down 54.60 points to 23,588.90, and the Sensex was lower by 106 points at 75,131. But IT shares bucked the trend, with the BSE Focused IT index rising more than 2%.
At around 11.22 AM on May 18, Tata Steel shares were quoting at Rs 208.39, lower by Rs 8.45, or 3.90%, on the NSE. In fact, the share had opened lower at Rs 211 and hit an intraday low of Rs 205.05 during the session.
Read more here.
British insurance giant Prudential plc is placing a big bet on India’s fast-growing insurance sector. The company on Sunday said it will buy a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management in a deal, according to Reuters reports.
Read more here.
Dalal Street saw a sharp bloodbath in early trade on Monday as the Sensex crashed over 900 points and the Nifty slipped below 23,400 amid weak global cues, surging crude oil prices near $110, fresh geopolitical tensions around Iran, a record-low rupee and heavy selling in banking stocks, wiping out nearly ₹6 lakh crore in investor wealth within minutes of opening trade.
Read more here.
Brent crude prices heading towards $111 have revived concerns about inflation, the rising petrol-diesel prices, and India’s ever-increasing import bill. New Middle East conflicts, including concerns about the Strait of Hormuz and news of a strike on a UAE nuclear facility, have investors worried around the world.
Read more here.
Indian stock markets opened in the red on Monday. Soaring crude oil, weak global cues and fresh macro worries are spooking the investors early in the day. Opening at 430.02 points down to 74,807.97, the BSE Sensex and Nifty 50 opened 230.25 points down to 23,413.25 in the opening trade.
Read more here.
BSE Sensex slipped 430 points to 74,807 in pre-open trade as weak global cues and rising crude pressured sentiment.
Gold and silver prices continued to witness sharp volatility in the domestic market as investors tracked global uncertainty, crude oil prices and currency movement. The weakness in the Indian rupee and uncertainty around Iran-US peace talks are making bullion traders anxious ahead of Monday’s session. While inflation worries support gold prices, a stronger US dollar could limit further upside in international bullion prices.
Read more here.
After two strong weeks of gains, Dalal Street finally hit the brakes this week as profit booking, rising crude oil prices and a record-low rupee weighed on investor sentiment. The Sensex and Nifty both ended the week in the red, but GIFT Nifty signals are hinting at a mildly positive start for Monday’s session. Traders will now closely watch whether the market can hold key support levels despite pressure from inflation worries, foreign fund outflows and global uncertainty.
Read more here.
Dalal Street may witness yet another stock-specific session on Monday, with markets looking forward to another bout of earnings reports, funding plans, and sector-specific updates. The spotlight might stay on telecom, metals, PSU stocks, and transport-related stocks on the back of the hike in CNG prices and company updates. Global factors, the fuel prices, IMD weather forecasts and a trip to Europe by PM Narendra Modi may all play out over time during the day.
Read more here.
