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...

Volatility index VIX rose to 17 on May 7, entering a crucial resistance zone of 16.5 to 17 as Lok Sabha elections entered into the third phase of voting. Experts said a decisive close above this range could mean the market is getting increasingly nervous as elections progress.India VIX has been climbing since April 24, marking its eighth consecutive day of increases on May 6. Reaching 17 marks the...

CarTrade Tech shares surged over 9 percent, extending the previous session's handsome gains. The 18 percent sharp spike in two days comes after the company on May 6 reported a net profit jump of 50 percent to Rs 22.5 crore for the quarter ended March 2024.The company's revenue surged 51 percent YoY to Rs 145.27 crore, largely helped by OLX’s classifieds business.CarTrade Tech operates an automot...

Market regulator Securities and Exchange Board of India (SEBI) has turned down NSE's proposal to extend market timings in the derivatives segment due to a lack of consensus among the broking community.The proposal was of a phased plan to gradually extend trading hours for index F&O from 6 pm to 9 pm in the initial phase to help market participants act on global news flow in the evening, while in t...

The benchmark Sensex and Nifty indices are likely to open on a flat-to-positive note on May 7 as trends in the GIFT Nifty indicate a muted start for the broader index with a gain of 10 points.Equity markets on Monday ended flat after opening nearly 0.5 percent higher amid selling seen in PSU stocks. The Sensex was up 17.39 points or 0.02 percent to close at 73,895.54, and the Nifty was down 33.15 ...