SENSEX Financial News

Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.

Buy or sell stocks for today: On account of weak global cues, Indian stock market ended lower for fourth straight session on Friday last week. Nifty 50 index ended 68 points lower at 19,674 levels, BSE Sensex corrected 221 points and closed at 66,009 mark whereas Bank Nifty index finished 11 points lower at 44,612 levels.

Also Read: IPOs This Week: JSW Infra IPO to Arabian Petroleum IPO; 16 new issues, 8 listings to keep primary market buzzing On Friday, domestic benchmark indices Sensex and Nifty settled lower for the fourth consecutive session, amid weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a per cent, weighing on investors' sentiment for riskier equities. Nifty 50 closed with a loss of 68 points, or 0.34 per cent, at 19,674.25 while the Sensex ended at 66,009.15, down 221 points, or 0.33 per cent.

logged its worst week in over 15 months on lingering worries over a higher global interest rate environment following the US Federal Reserve's hawkish tone. Nifty 50 closed with a loss of 68 points, or 0.34 per cent, at 19,674.25 while the Sensex ended at 66,009.15, down 221 points, or 0.33 per cent. While domestic investors offloaded in healthcare, consumer durable and commodity stocks, foreign fund outflows and a steep decline in HDFC Bank shares also hit market sentiment.

sold ₹10,164 crore worth of Indian equities and offloaded a total of ₹10,100 crore as of September 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. Foreign institutional investors (FIIs) have sold ₹7,300 crore in the last three trading sessions and around ₹16,934 crore in Indian equities till September 21. Rising bond yields in the US and strong dollar index are negative for capital flows.

₹10,164 crore worth of Indian equities and offloaded a total of ₹10,100 crore as of September 22, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹10,164 crore-figure also includes bulk deals and investment in primary market. Excluding the bulk deals and investment through the primary market, the sell figure in the cash segment rises to ₹18,260 crore, according to analysts.

However, to capitalise on these superior returns, equity investors must navigate through market corrections, which are generally unwelcome, whether they are minor or substantial. Yet, when approached strategically, these corrections can offer valuable opportunities to enhance long-term investment gains. Analysing data spanning the entire 21st century, which encompasses the past 23 years, we observe that major stock market indices such as the Sensex and Nifty 50 have experienced a minimum 10% correction on an annual basis (with the exception of CY2021), a roughly 15% correction approximately every 3 years, and a more significant correction ranging from 30-40% occurring once every 10 years. Sustained negative returns over two consecutive years are very rare.

Buy or sell stocks: Following weak global market sentiments, Indian stock market ended lower for fourth day in a row. Nifty 50 index lost 68 points and closed at 19,674 levels, BSE Sensex corrected 221 points and ended at 66,009 mark whereas Bank Nifty index finished 11 points lower at 44,612 levels. Small-cap index ended marginally in the positive even as the advance decline ratio improved to 0.99:1.

The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week.IFCI was the top gainer in the smallcap pack with 37% rise, followed by KIOCL, which jumped 28% and EKI Energy Services, whose shares increased nearly 26%. Only three smallcap stocks have offered returns over 25% in this week.

oil prices weighed down investor sentiment. The losing run resulted in the benchmark indices shedding about 2.7% this week — their highest weekly loss since February. NSE's Nifty fell 68.10 points, or 0.34%, to close at 19,674.25.

Nifty extended losses for the fourth straight session on Friday, September 22. The domestic institutional investors (DIIs) turned net buyers and invested ₹80 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹10,840.20 crore of Indian equities, while they sold ₹12,166.94 crore --- resulting in an outflow of ₹12,166.94 crore on Friday.

Nifty settled lower for the fourth consecutive session on Friday, September 22, amid weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a per cent, weighing on investors' sentiment for riskier equities. Foreign fund outflows and heavy selling in HDFC shares also hit investor sentiments, according to traders.

JSW Energy(up 7.19%), Alstom T&D India(up 3.08%), Transformers and Rectifiers(India)(up 2.29%), Gujarat Industries Power(up 1.91%), SJVN(up 1.69%), PTC India(up 1.58%), KPI Green Energy(up 0.99%), CESC(up 0.61%), Hitachi Energy India(up 0.48%) and NLC India(up 0.46%) stood among the top gainers. RTNPOWER(down 5.07%), Inox wind(down 2.86%), Inox Wind Energy(down 2.84%), Karma Energy(down 2.15%), Suzlon Energy(down 1.76%), Voltamp Transformers(down 1.61%), Kalpataru Projects International(down 1.44%), KEC International(down 1.29%), Power Grid Corporation of India(down 1.22%) and Power & Instrumentation(Gujarat)(down 1.21%) were among the top losers of the day. The NSE Nifty50 index ended 68.1 points down at 19674.25, while the 30-share BSE Sensex closed down 221.09 points at 66009.15. IndusInd Bank Ltd.(up 2.94%), Maruti Suzuki India Ltd.(up 2.43%), State Bank of India(up 1.7%), Mahindra & Mahindra Ltd.(up 1.5%), Bajaj Finserv Ltd.(up 1.14%), Tech Mahindra Ltd.(up 1.06%), Coal India Ltd.(up 1.03%), Asian Paints Ltd.(up 0.94%), HDFC Life Insurance Company Ltd.(up 0.8%) and Tata Consumer Products Ltd.(up 0.77%) stood among the top gainers in the Nifty pack. On the other hand, Dr.

KRISHANA(up 8.38%), Madhya Bharat Agro Products(up 3.60%), Fertilizers & Chemicals Tranvancore(up 2.39%), Deepak Fertilizers & Petrochemicals(up 1.98%), Mangalore Chemicals & Fertilizers(up 1.86%), Coromandel International(up 1.38%), Southern Petrochemicals Industries(up 0.62%) and Aries Agro(up 0.23%) stood among the top gainers. National Fertilizer(down 1.96%), Rama Phosphates(down 1.31%), Paradeep Phosphates(down 1.18%), Gujarat Narmada Valley Fertilizers (down 0.82%), Madras Fertlizers(down 0.72%), Sikko Industries(down 0.67%), Khaitan Chemicals & Fertilizers(down 0.60%), Nagarjuna Fertilizers & Chem(down 0.58%), G S F C(down 0.30%) and Rashtriya Chemicals & Fertilizers(down 0.28%) were among the top losers of the day. The NSE Nifty50 index ended 68.1 points down at 19674.25, while the 30-share BSE Sensex closed down 221.09 points at 66009.15. IndusInd Bank Ltd.(up 2.94%), Maruti Suzuki India Ltd.(up 2.43%), State Bank of India(up 1.7%), Mahindra & Mahindra Ltd.(up 1.5%), Bajaj Finserv Ltd.(up 1.14%), Tech Mahindra Ltd.(up 1.06%), Coal India Ltd.(up 1.03%), Asian Paints Ltd.(up 0.94%), HDFC Life Insurance Company Ltd.(up 0.8%) and Tata Consumer Products Ltd.(up 0.77%) stood among the top gainers in the Nifty pack. On the other hand, Dr.

Madhav Marbles and Granites(up 5.56%), KIOCL(up 5.22%), 20 Microns(up 2.43%), Lexus Granito(up 1.09%), Coal India(up 1.03%), Orissa Minerals Development Company(up 0.67%), Ashapura Minechem(up 0.60%) and Aro Granite Industries(up 0.09%) stood among the top gainers. Gujarat Mineral Dvpt Corporation(down 5.72%), Oriental Trimex(down 1.38%), Pokarna(down 1.11%), Sandur Manganese & Iron Ores(down 0.99%), MOIL(down 0.72%) and NMDC Ltd(down 0.52%) were among the top losers of the day. The NSE Nifty50 index ended 68.1 points down at 19674.25, while the 30-share BSE Sensex closed down 221.09 points at 66009.15. IndusInd Bank Ltd.(up 2.94%), Maruti Suzuki India Ltd.(up 2.43%), State Bank of India(up 1.7%), Mahindra & Mahindra Ltd.(up 1.5%), Bajaj Finserv Ltd.(up 1.14%), Tech Mahindra Ltd.(up 1.06%), Coal India Ltd.(up 1.03%), Asian Paints Ltd.(up 0.94%), HDFC Life Insurance Company Ltd.(up 0.8%) and Tata Consumer Products Ltd.(up 0.77%) stood among the top gainers in the Nifty pack. On the other hand, Dr.

On the BSE, Dipna Pharmachem(down 19.99 per cent), Rajeshwari Cans(down 19.97 per cent), EKI Energy Services(down 10.00 per cent), STL Global(down 10.00 per cent) and Expo Gas Cont(down 9.72 per cent) stood among the top losers in today's trade. In the Nifty pack, 19 stocks closed in the green, while 30 stocks ended in the red. The index closed 68.1 points down at 19674.25. On the BSE, Kahan Packaging, Svarnim Trade Udyog, Zodiac Ventures, FutureLifestyleFash and Anuroop Packaging Lt hit their fresh 52-week lows, while PNB Gilts, APM Finvest, Nelcast, HUDCO and IFCI touched their fresh 52-week highs in today's trade.

Shares of Bank of Baroda(up 3.95 per cent), Punjab National Bank(up 3.33 per cent), IndusInd Bank Ltd.(up 2.94 per cent), State Bank of India(up 1.7 per cent) and Bandhan Bank Ltd.(up 1.56 per cent) ended the day as top gainers in the pack. On the other hand, HDFC Bank Ltd.(down 1.52 per cent) and ICICI Bank Ltd.(down 0.93 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.03 per cent down at 44612.05. Benchmark NSE Nifty50 index ended down 68.1 points at 19674.25, while the BSE Sensex stood down 221.09 points at 66009.15. Among the 50 stocks in the Nifty index, 19 ended in the green, while 30 closed in the red. Shares of Vodafone Idea, IOB, JP Power, SJVN and YES Bank were among the most traded shares on the NSE. Shares of PNB Gilts, Nelcast, Sonu Infratech, HUDCO and IFCI hit their fresh 52-week highs in today's trade, while Yasons Chemex Care, Jiwanram Sheoduttrai, Jalan Transolutions, FutureLifestyleFash and Dangee Dums hit their fresh 52-week lows.

Triveni Engineering & Industries(up 3.58%), MAGADHSUGAR(up 2.08%), Dwarikesh Sugar Industries(up 1.56%), Shree Renuka Sugars(up 1.30%), Uttam Sugar Mills(up 1.14%), Mawana Sugars(up 0.91%), EID Parry(up 0.89%), Sakthi Sugars(up 0.77%), KCP Sugar & Industries(up 0.58%) and BAJAJHIND(up 0.19%) stood among the top gainers. Bannari Amman Sugars(down 3.24%), Rajshree Sugars & Chemicals(down 1.93%), Dalmia Bharat Sugar & Industries(down 1.65%), Balrampur Chini Mills(down 1.43%), Dhampur Sugar Mills(down 1.07%), K.M.Sugar Mills(down 0.74%), Vishwaraj Sugar Industries(down 0.54%), DCM Shriram Industries(down 0.45%), Ugar Sugar Works(down 0.36%) and Ponni Sugars(Erode)(down 0.27%) were among the top losers of the day. The NSE Nifty50 index ended 68.1 points down at 19674.25, while the 30-share BSE Sensex closed down 221.09 points at 66009.15. IndusInd Bank Ltd.(up 2.94%), Maruti Suzuki India Ltd.(up 2.43%), State Bank of India(up 1.7%), Mahindra & Mahindra Ltd.(up 1.5%), Bajaj Finserv Ltd.(up 1.14%), Tech Mahindra Ltd.(up 1.06%), Coal India Ltd.(up 1.03%), Asian Paints Ltd.(up 0.94%), HDFC Life Insurance Company Ltd.(up 0.8%) and Tata Consumer Products Ltd.(up 0.77%) stood among the top gainers in the Nifty pack. On the other hand, Dr.

Shares of Granules India Ltd.(up 4.2 per cent), Pfizer Ltd.(up 0.67 per cent) and GlaxoSmithKline Pharmaceuticals Ltd.(up 0.3 per cent) ended the day as top gainers in the pack. On the other hand, Zydus Lifesciences Ltd.(down 3.25 per cent), Glenmark Pharmaceuticals Ltd.(down 3.0 per cent), Alkem Laboratories Ltd.(down 2.77 per cent), Dr.

Shares of Maruti Suzuki India Ltd.(up 2.43 per cent), Mahindra & Mahindra Ltd.(up 1.5 per cent), Hero MotoCorp Ltd.(up 0.72 per cent) and Balkrishna Industries Ltd.(up 0.7 per cent) ended the day as top gainers in the pack. On the other hand, Tube Investments of India Ltd.(down 2.54 per cent), Sona BLW Precision Forgings Ltd.(down 1.84 per cent), Bajaj Auto Ltd.(down 1.65 per cent), Tata Motors Ltd.(down 1.05 per cent) and Eicher Motors Ltd.(down 0.76 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.21 per cent up at 16234.35. Benchmark NSE Nifty50 index ended down 68.1 points at 19674.25, while the BSE Sensex stood down 221.09 points at 66009.15. Among the 50 stocks in the Nifty index, 19 ended in the green, while 30 closed in the red. Shares of Vodafone Idea, IOB, JP Power, SJVN and YES Bank were among the most traded shares on the NSE. Shares of PNB Gilts, Nelcast, Sonu Infratech, HUDCO and IFCI hit their fresh 52-week highs in today's trade, while Yasons Chemex Care, Jiwanram Sheoduttrai, Jalan Transolutions, FutureLifestyleFash and Dangee Dums hit their fresh 52-week lows.

Nifty 50 and the Sensex, the two benchmark indices of the domestic stock market, ended in the red for the fourth consecutive session on Friday (September 22) amid weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a per cent, weighing on the appetite of investors for riskier equities. The gains in the US Treasury yields, dollar and crude oil prices dealt a blow to market sentiment as investors tried to digest the possibility of one more rate hike by the US Fed by the end of this year.