D-St indices surge nearly 2%, erasing year’s losses; foreigners return
Get link
Facebook
X
Pinterest
Email
Other Apps
[hfe_template id='11223']
[ad_1]
India's stock benchmarks surged as much as 2% on Thursday as traders, albeit wary of Donald Trump's tariff flip-flops, cut some of their bearish bets ahead of a long weekend. This, coupled with renewed purchases by overseas investors, eased frayed nerves, helping indices post their best weekly gains in four years. With this spike, the indices erased losses made in the year to date. Exchanges will be shut for trading on Good Friday.
The NSE Nifty rose 414.45 points, or 1.8%, to close at 23,851.65. The BSE Sensex rose 1,508.91 points, or 2%, to end at 78,553.2. Both indices are up 4.5% in the shortened three-day trading week, their best weekly performance since February 2021-Monday had been closed for Ambedkar Jayanti. Banks led gains on Thursday with ICICI rising 3.7%, SBI advancing 3.3% and Kotak Mahindra moving up 3%.
Elsewhere in Asia, Japan rose 1.4%, China advanced 0.1%, Hong Kong was up 1.6%, and South Korea gained 0.9%. Taiwan dropped 0.7%. US markets were mixed in afternoon trading on Thursday, with the Dow Jones down 0.7% and the S&P 500 along with the Nasdaq trading marginally higher at press time, after Trump criticised US Federal Reserve chair Jerome Powell and called for his "termination" for not cutting interest rates sooner. A day ago, Powell said he expects higher inflation and lower growth and the Fed is in a dilemma on where to focus.
Meanwhile, the European Central Bank on Thursday cut interest rates for the seventh time in a year.
ETMarkets.com
Live Events
Rebound May be Short-lived
The Stoxx Europe 600 was down 0.1% at the time of going to print.
At home, foreign portfolio investors bought shares worth a net '4,668 crore on Thursday, taking their purchase tally in three days to '14,973 crore. Domestic institutions were sellers to the tune of '2,006 crore. Some analysts expect the bounce to be short-lived. "We believe this is more of a trader's market for now," said Shrey Shah, global asset allocator at Ashika Global Family Office Services.
[hfe_template id='11223']
[ad_1]
Volatility in Indian equity markets has surged sharply over the past month, with the India VIX nearly doubling as geopolitical tensions and global uncertainty triggered aggressive selling in equities. India VIX, often referred to as the market’s fear gauge, has jumped close to 100% over the past month, reflecting growing nervousness among investors. The spike has coincided with a sharp correction in the broader market, with the Nifty 50 declining about 8% during the same period. The escalation of tensions involving the United States, Israel and Iran has intensified market anxiety in recent days, pushing crude oil prices sharply higher and triggering a global risk-off sentiment. However, analysts note that volatility had already been building even before the conflict escalated, reflecting broader concerns around global growth, foreign capital outflows and stretched valuations in equities. The heightened uncertainty translated into a sharp ...
[hfe_template id='11223']
[ad_1]
Benchmark indices Sensex and Nifty ended the week on a bearish note, closing over a percent lower each as a deepening selloff in IT stocks rattled investor sentiment amid mounting fears of AI-led disruption. Further, stronger-than-expected jobs data for January dampened hopes of a US Fed interest rate cut. Here are 7 factors that could decide market action in the coming week: 1.) Infosys, Wipro ADRs rebound - After a brutal two-day selloff that saw Infosys and Wipro ADRs plunge as much as 14.5%, Friday’s session brought a much-needed breather. Bargain hunting kicked in at lower levels, sparking a sharp rebound as Infosys climbed 3% while Wipro gained 4%—helping both stocks close the week on a far stronger note. International brokerage firm JP Morgan has a message for panic-stricken investors: IT services firms are the indispensable "plumbers of the tech world" and their dividend yields have now hit levels last seen only during ...
[hfe_template id='11223']
[ad_1]
Waaree Energies shares will be in focus on Wednesday after the solar panel maker reported a strong Q4 performance, with net profit rising 34.1% year-on-year (YoY) to Rs 618.9 crore for the quarter ended March 31, 2025. In the same quarter last year, the company had reported a profit of Rs 461.5 crore. Revenue from operations jumped 36.4% to Rs 4,003.9 crore, up from Rs 2,935.8 crore in the year-ago period, according to the company’s regulatory filing. EBITDA more than doubled to Rs 922.6 crore in Q4 FY25, up 120.6% from Rs 418.3 crore in the same quarter last year. The EBITDA margin improved to 23% from 14.3% a year ago. The company produced 2.06 GW of solar modules in the fourth quarter, up from 1.35 GW in the same period last year. For the full year, module production reached 7.13 GW, compared to 4.77 GW in FY24. For the full financial year FY25, revenue rose 27.62% YoY to Rs 14,846.06 crore. Profit after tax more than doubled to Rs 1,9...
[hfe_template id='11223']
[ad_1]
ETMarkets.com
Comments
Post a Comment