Volte faceSome informed bulls appear to have jumped ship in Voltas just ahead of its disappointing fourth-quarter numbers announced post-market hours on Tuesday. The stock had been riding high after a strong fourth-quarter business update. However, its quarterly numbers showed that Voltas’s efforts at increasing market share are coming at the expense of margins. Mutual funds and PMS funds had lo...

BSE Sensex and Nifty 50 recovered from the morning losses but were still trading weak at mid-day on May 8, with IT and financial services under pressure. Worries about lower voter turnout and the possibility of a weaker NDA win kept the indices cautious.The broader market underperformed the benchmark indices with BSE Smallcap and Midcap falling 0.4 percent each.At noon, the Sensex was down 65 poin...

Indian markets are likely to continue to be in a consolidation phase after opening in the red on May 8, as the Street worries about lower voter turnout, and confronts the possibility of a weaker NDA win.At 9.25 am, BSE Sensex was down 100 points, or 0.1 percent at 73,407, while NSE Nifty 50 was down 24 points at 22,278.“There is a bias of profit-taking in the market for the next few trading sess...

The bearish trend in Bank Nifty persisted on May 8, the weekly expiry day, with the index falling 149 points to 48,136, at around 9:50 am, trading very close to its technical support levels. Traders suggest selling call options ahead of today’s weekly expiry, considering the derivatives data, which shows limited upside possibility.The support for the Bank Nifty index is seen in the 47,900-48,000...

Sensex and Nifty 50 extended losses on May 7 amid selling pressure across sectoral indices and in the broader market.Barring Nifty FMCG, all major sectoral indices were in the red with the Nifty Metal index falling 2.7 percent, dragged down by Tata Steel and Hindalco.In the broader market, BSE Midcap was down 1.8 percent and BSE Smallcap was down 1.6 percent.India's VIX rose 4 percent to 17. The v...