Indian shares post worst week since November on concerns over rate hikes

BENGALURU, May 6 (Reuters) – Indian shares closed over 1% lower on Friday and registered their worst week since November, as investors fretted that fast-paced interest rate hikes to fight surging inflation would slow global economic growth. The NSE Nifty 50 index was down 1.63% at 16,411.25 at close, with most of its sub-indexes in… Continue reading Indian shares post worst week since November on concerns over rate hikes

Indian shares inch lower as banks, auto drag

Bengaluru, December 9 (Reuters): Indian shares slipped on Thursday, dragged down by banking and auto stocks, a day after the central bank held rates steady to support economic growth in light of risks from inflation and the Omicron coronavirus variant. By 0357 GMT, the blue-chip NSE Nifty 50 index (.NSEI) was down 0.11% at 17,450.55… Continue reading Indian shares inch lower as banks, auto drag

Indian shares inch higher as energy, banking stocks gain

Bengaluru, November 24 (Reuters): 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 (.NSEI) rose 0.14% to 17,527.25 by 0351 GMT, while… Continue reading Indian shares inch higher as energy, banking stocks gain

Indian shares fall as pharma stocks weigh; Pfizer Indian unit jumps

Bengaluru, November 7 (Reuters): Indian shares fell on Monday, weighed down by losses in pharmaceutical stocks, although shares of Pfizer Inc’s Indian arm (PFIZ.NS) jumped on positive data for the parent firm’s experimental pill against COVID-19. The blue chip NSE Nifty 50 index (.NSEI) fell 0.30% to 17,863.05 and the benchmark S&P BSE Sensex (.BSESN)… Continue reading Indian shares fall as pharma stocks weigh; Pfizer Indian unit jumps

Indian shares edge higher on metal, IT stocks; CEAT falls

Bengaluru, October 26 (Reuters): Indian shares inched higher on Tuesday as metal and information technology stocks countered losses in private banks, while investors awaited commentaries from companies over the impact of higher input costs on margins in an earnings-heavy week. The blue-chip NSE Nifty 50 index (.NSEI) was up 0.1% at 18,143 by 0516 GMT,… Continue reading Indian shares edge higher on metal, IT stocks; CEAT falls

Indian shares weighed down by FMCG, IT stocks; ICICI Bank hits record high

Bengaluru, October 25 (Reuters): Indian shares inched lower on Monday, dragged by consumer and information technology stocks, while banks scaled a record high after strong quarterly earnings from private lender ICICI Bank. The blue-chip NSE Nifty 50 index (.NSEI) was down 0.2% at 18,088 by 0355 GMT, while the benchmark S&P BSE Sensex (.BSESN) fell… Continue reading Indian shares weighed down by FMCG, IT stocks; ICICI Bank hits record high

Indian stocks fall as metals drag on easing supply concerns

Bengaluru, October 20 (Reuters): Indian shares edged down on Wednesday, dragged mostly by metal stocks as China’s pledge to bring down coal prices eased worries about supply disruptions. The NSE Nifty 50 index (.NSEI) was down 0.5% at 18,330, while the S&P BSE Sensex (.BSESN) fell 0.4% to 61,502.16 by 0355 GMT. The Nifty metals… Continue reading Indian stocks fall as metals drag on easing supply concerns

Indian stocks rise on IT, financial boost

Bengaluru, October 19 (Reuters): Indian shares rose on Tuesday to hit another record high, led by gains in information technology and financial stocks, with investors betting on strong corporate earnings for the September quarter. The NSE Nifty 50 index (.NSEI) was up 0.5% at 18,571, while the S&P BSE Sensex (.BSESN) rose 0.63% to 62,156.48… Continue reading Indian stocks rise on IT, financial boost

Indian stocks rise as higher commodity prices drive metals, energy stocks

Bengaluru, October 18 (Reuters): Indian shares hit record highs on Monday as metals and energy stocks jumped on a rally in commodity prices, while PNB Housing fell 5% after the company called off a deal with Carlyle Group. The NSE Nifty 50 index (.NSEI) was up 0.9% at 18,501, while the S&P BSE Sensex (.BSESN)… Continue reading Indian stocks rise as higher commodity prices drive metals, energy stocks

Indian shares flat as auto rally offsets IT, bank losses

Bengaluru, October 12 (Reuters): Indian shares inched away from record levels and were muted early on Tuesday, as auto stocks gained for a fourth straight session and offset losses in IT firms and some private banks. The NSE Nifty 50 index (.NSEI) was up 0.08% at 17,963.60, while the S&P BSE Sensex (.BSESN) was up… Continue reading Indian shares flat as auto rally offsets IT, bank losses