Banking and financial shares declined on Monday, dragging the Bank Nifty index down over 2 percent, as elevated crude oil prices raised concerns over inflation and the possibility of tighter monetary policy.PSU banks led the losses, falling up to 4 percent.The Nifty Bank index underperformed the benchmarks, dropping about 2.8 percent intraday. It fell 1,556.55 points to hit a low of 54,356.20, mak...

Information technology stocks came under sharp selling pressure on Friday, snapping a six-session gaining streak, as investors rotated into financials and cyclical sectors amid a broader market rebound.At 10:22 am, the Nifty IT index was down 2.4 percent, emerging as the top sectoral loser, even as benchmark indices traded firmly higher. The Sensex rose 812 points or 1.1 percent to 77,444, while t...

Auto stocks rallied sharply on Wednesday, with the Nifty Auto index jumping nearly 7 percent, emerging as one of the top sectoral gainers, as easing crude oil prices and a broader risk-on rally boosted sentiment across the sector. At 11:00 am, the Sensex was up over 2,900 points or 3.9 percent at above 77,500, while the Nifty was hovering just below 24,000, with strong market breadth as advances f...

Bank Nifty declined more than 2 percent in Monday’s trade after the Reserve Bank of India (RBI) directed banks to cap their net open rupee positions in the foreign exchange market at $100 million by the end of each business day. The directive, issued late Friday, requires compliance by April 10.All 14 constituents of the Bank Nifty index were trading in the red. The index had gained more than 4 ...

Auto stocks recovered for a second straight session on Tuesday, with the Nifty Auto index rising around 2 percent in morning trade, as buying returned after a sharp correction earlier this month. The sector was the top performer among NSE indices, while the broader market also firmed up.At 10:24 am, the Nifty Auto index was up 2 percent at 25,096. The rebound comes after the index had fallen 15.7 ...