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Sensex, Nifty lacklustre tracking weak global cues; IT stocks tumble

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[hfe_template id='11223'] [ad_1] Indian benchmark indices opened flat on Monday, as gains in financial stocks were offset by losses in IT shares, amid weak global sentiment following Moody’s downgrade of the U.S. government’s credit rating on Friday. The BSE Sensex shed 60.79, or 0.07%, to open at 82,269.80, while the NSE Nifty advanced 3.05 points, or 0.01%, to open at 25,022.85. Among the 30-stock Sensex pack, shares of Infosys, Eternal, TCS, IndusInd Bank, HCL Technologies, and Reliance Industries were among the top losers, falling between 0.3% and 1.1%. The decline in IT stocks followed Moody’s downgrade of the U.S. government’s credit rating to AA1 from AAA, citing elevated debt levels and interest costs "significantly higher than similarly rated sovereigns." As IT firms earn a sizable portion of their revenue from the U.S., the Nifty IT index slipped 0.8%. In contrast, the broader markets outperformed, with the more domestically focused Nifty Smallcap 100...

Sensex slips 500 points lower, Nifty below 24,550; bank, auto stocks drag

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[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened lower on Thursday, dragged by losses in banking and auto stocks, after a strong rally earlier this week that took them to nearly seven-month highs. Analysts expect consolidation as recent gains from trade deal progress and macroeconomic stability appear to be priced in. At around 9:47 am, the BSE Sensex was down 501 points, or 0.62%, at 80,828, while the Nifty50 slipped 131 points, or 0.53%, to 24,535. From the Sensex pack, IndusInd Bank, Sun Pharma, M&M, Maruti, Kotak Bank, and Axis Bank were among the top laggards in early trade, while Tech Mahindra, Adani Ports, Tata Motors, and HCL Tech opened with gains. Among individual stocks, Tata Power jumped 2% after the company reported a 25% YoY increase in its consolidated net profit, reaching Rs 1,306 crore in Q4FY25. Eicher Motors shares surged 2% after the company posted a strong set of Q4FY25 numbers, with consolidated net profit rising 27% year-on-ye...

Sensex jumps 500 points higher, Nifty tops 24,750; IT, financial stocks lead gainers

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[hfe_template id='11223'] [ad_1] Indian benchmark indices Sensex and Nifty50 traded higher on Wednesday, supported by gains in financial and IT stocks, after both U.S. and domestic inflation data for April came in lower than expected. The BSE Sensex jumped 518 points, or 0.64%, to 81,666, while the Nifty50 gained 184 points, or 0.75%, to trade at 24,762 around 10:20 am. U.S. consumer inflation rose 0.2% in April, below the 0.3% increase forecast by economists in a Reuters poll, easing concerns over further interest rate hikes by the Federal Reserve. Meanwhile, India's retail inflation eased to 3.16% in April, the lowest in six years and below the Reuters poll estimate of 3.27%, boosting hopes of a potential rate cut by the Reserve Bank of India. From the Sensex pack, Tata Steel, Bharti Airtel, L&T, Infosys, Tech Mahindra, and Bajaj Finserv were among the top gainers, rising 1–4%. On the other hand, Tata Motors, Asian Paints, Nestle India, IndusInd Bank, and HUL o...

Will China’s trade charm clip Nifty’s wings as FIIs may rethink India bet amid US truce?

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[hfe_template id='11223'] [ad_1] Just when the bulls were getting comfortable on Dalal Street, the dragon may be gearing up to breathe some fire. With nearly $2 billion of foreign institutional inflows flooding Indian equities since April, a fresh US-China tariff truce could flip the script. The specter of global peace in trade—once a balm for battered investors—might now drive them away from the safety of Indian shores and back into the arms of a newly seductive China. “The China-US deal may reduce the relative attractiveness of India,” analysts at CLSA warned, calling out the elephant in the room. “It may dial back fears of a global trade war. A rise in these fears made India a hiding place and the second-best performing market since March.” While the news flows might point to a temporary reshuffling of capital, not everyone is buying the China comeback story. Dr. Vikas Gupta, CEO of OmniScience Capital and Smallcase manager, offers a sharp counter. “The Chinese market...

Dalal Street Week Ahead: Nifty faces crucial test at key support zone amid rising volatility

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[hfe_template id='11223'] [ad_1] Amid ever-increasing uncertainties on the global front and similarly rising geopolitical tensions between India and Pakistan, the Indian equity markets demonstrated strong resilience. They consolidated before ending the week on just a modestly negative note. The trading range remained modest; the Nifty oscillated in a 590-point range. While the markets defended their key support levels, the volatility surged. The volatility barometer, the India Vix, spiked 18.49% to 21.63 on a weekly basis.. The headline index finally closed with a net weekly loss of 338.70 points (-1.39%). A few important things to note from a technical perspective. The 200-DMA is at 24044; the 50-week MA is at 23983. This makes the zone of 23950-24050 a very important support zone for the Nifty. So long as the Index is able to defend this zone, it will continue consolidating in a defined range. Incremental weakness would creep in only if the 23900 level is violated deci...

Sensex tumbles over 900 points, Nifty below 24,000 as investors turn cautious amid rising border tensions

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[hfe_template id='11223'] [ad_1] Indian benchmark equity indices, Sensex and Nifty, opened lower on Friday as investor sentiment weakened amid escalating tensions between India and Pakistan. Selling pressure was seen across all sectors. The BSE Sensex was down 971.41 points or 1.21 points at 79,363.40, while the Nifty50 declined 292.7 points or 1.21% to 23,981.1 around 10:08 am. The market capitalisation of all listed companies on BSE declined by Rs 4.95 lakh crore to Rs 413.55 lakh crore. The situation remains tense following India’s precision missile strikes on May 6–7, which reportedly targeted and destroyed nine terror camps in Pakistan and Pakistan-occupied Kashmir. Meanwhile, on Thursday night, multiple explosions were reported in Jammu after Pakistan launched drone and missile attacks. This marked the second straight day of cross-border clashes, which have reportedly claimed nearly four dozen lives. Live Events Despite the geopolitical tensions, foreign portfolio ...

Fed rate cut decision, India-Pakistan tensions among 8 factors that'll steer D-Street this week

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[hfe_template id='11223'] [ad_1] Indian equity benchmarks continued their upward trajectory this week, with the Nifty50 rising 1.3% and the Sensex gaining 1.6%. In contrast, broader markets lost momentum after outperforming in the previous week. The BSE Midcap index edged up 0.4% week-on-week, while the Smallcap index slipped 1.3%. On Friday, the benchmark BSE Sensex added 259.75 points or 0.32% to close at 80,502, while the broader Nifty50 ended at 24,346.70, up 12.50 points or 0.05%. “A small bullish candle was formed on the daily chart with a long upper shadow. Technically, this market action could indicate an upside breakout attempt at the 24,500–24,600 hurdle. The presence of resistance at higher levels could suggest increased volatility with a weak bias,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. A decisive move above the 24,500–24,600 range could open the door to further gains toward 24,800–25,000 levels, while any weakness from cu...

D-Street's $489 billion rally is winning back global funds

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[hfe_template id='11223'] [ad_1] Global funds are returning to Indian stocks, signaling that this month’s rally in Asia’s best-performing equity market likely has more legs. Having largely been sellers in the months since Indian benchmarks scaled records in September, foreigners are coming back amid growing optimism that a domestically-driven economy will make the South Asian nation withstand the global trade war better than most peers. A sharp advance from this month’s low already boosted India’s market’s value by $489 billion to nearly $4.4 trillion at the end of last week. Overseas funds bought $589 million of Indian shares on a net basis last Friday, marking an eighth straight day of purchases, according to data compiled by Bloomberg. The buying streak means they have now invested about $680 million in April. At one point, they were sellers of more than $3 billion for the month. “Foreigners are coming back as India is perceived to be relatively better placed than oth...

Why stock market rose today? Sensex settles 1,005 pts higher, Nifty above 24,300; 5 factors behind today's rally

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[hfe_template id='11223'] [ad_1] Indian benchmark indices ended over 1% higher on Monday, with the BSE Sensex soaring over 1,000 points and the Nifty50 closing above 24,300. The rally was driven by heavyweight Reliance Industries after it reported better-than-expected earnings, while continued foreign inflows further boosted market sentiment. The 30-share BSE Sensex jumped 1,005.8 points, or 1.27%, to settle at 80,218, while the broader NSE Nifty gained 289 points, or 1.2%, closing at 24,328. The total market capitalization of BSE-listed companies rose by Rs 4.45 lakh crore, reaching Rs 426.03 lakh crore. All sectoral indices, except Nifty IT, ended in the green. The Nifty Auto, PSU Bank, Metal, Pharma, Realty, Healthcare, and Oil & Gas indices saw gains ranging from 1% to 3%. Here are top reasons behind today's market rally: Live Events 1) Better than expected RIL Q4 results Reliance Industries rose 5.3% after reporting a fourth-quarter profit that exceeded esti...

F&O Radar | Deploy Bull Call Spread in Nifty for gains from bullish outlook on monthly expiry

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[hfe_template id='11223'] [ad_1] Indian stock market's Nifty has shown a bullish trend, closing positively for seven consecutive days. Synopsis Nifty’s seven-day winning streak signals bullish momentum, supported by strong base formation around the 24,000–24,200 range. Despite a spike in INDIA VIX, the index rebounded, closing near its high. Experts recommend a Bull Call Spread strategy for monthly expiry, targeting 24,500–24,800, with positive cues from PCR and max pain data. Nifty has been trending higher and has closed in positive territory for seven consecutive days, which is a positive sign for the bulls in the near term.Although the INDIA VIX rose in the last trading session—leading to an intraday sell-off—the index managed to recover later in the day and closed near its day’s high.“This has led to good base formation at lower levels and strong additions near the 24,000–24,200 range. Hence, as long as this range BY ETMarkets.com Apr 24, 2025, 12:45:00 PM IST Gi...

Sensex rises 200 points, Nifty tops 24,150 as RBI's liquidity measures defy weak global cues

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[hfe_template id='11223'] [ad_1] Indian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India's (RBI's) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump's continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52 points, or 0.21%, to 24,177 around 9:36 am. From the Sensex pack, Eternal, Kotak Mahindra Bank, Tata Steel, HDFC Bank, and Bajaj Finance were among the top gainers, rising up to 3.4% in early trade. In contrast, IndusInd Bank, Infosys, Power Grid, Asian Paints, and HCL Tech opened in the red. Nifty Bank stocks gained up to 1.4% after the RBI directed lenders to assign a lower-than-proposed buffer rate of 2.5% on digitally accessible deposits, with a one-year compliance window — the latest move in its regulatory easing efforts. Meanwhile, IT stocks such as Infosys, HCL Tech, Wip...

Why the stock market rose today? Sensex settles 855 pts higher, Nifty above 24,100; 5 key factors behind today's rally

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[hfe_template id='11223'] [ad_1] India's benchmark indices extended their winning streak to five sessions on Monday, supported by a weaker U.S. dollar and strong earnings from heavyweight lenders ICICI Bank and HDFC Bank, both of which hit record highs, boosting investor sentiment across the banking sector. The benchmark BSE Sensex gained 855.30 points or 1.09% to close at 79,408.50, while the broader Nifty 50 index closed at 24,125.55, higher by 273.90 points or 1.15%. Key factors behind today's rally: 1) Banking stocks lead the charge Banking stocks were at the forefront of Monday’s rally, with the Nifty Bank index surging past the 55,000 mark for the first time ever, ending 1.9% higher, powered by robust quarterly earnings from private sector majors. HDFC Bank jumped nearly 2% to a fresh 52-week high of Rs 1,950.70, while ICICI Bank climbed about 1% to a new all-time high of Rs 1,436.00. The strong results reinforced investor confidence, prompting brokerages t...

5 ways to make money in a stock market hijacked by Trump’s mood swings

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[hfe_template id='11223'] [ad_1] The Indian stock market has had a wild ride in 2024 with the headline indices Sensex and Nifty flipping up and down. The market began the year on a subdued note, but then spiralled downwards reacting to announcements from Donald Trump. But then, that is not all. There were also short rallies in between, again completely driven by what was coming out of the US. In 2025 so far, Sensex was down 2% and the Nifty index fell just over 1%. President Donald Trump’s unpredictable moves, like slapping tariffs on trading partners one day and pausing them the next, have left traders and investors scratching their heads. No one is sure how the rest of the year is going pan out. Despite this chaos, experts say there’s still money to be made if investors play it smart. Here are five ways in which they can do so. Markets reacting to Trump's flip-flops There is a sense that investing right now can feel daunting. The market jumps or dips based on headl...

India VIX keeps Nifty's 23,000 hopes on ice, says Geojit’s Anand James

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[hfe_template id='11223'] [ad_1] Elevated levels of Dalal Street's fear gauge, India VIX, suggest that caution is still lurking and making it tougher for Nifty to zoom past 23,000, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat: Nifty saw sharp swings on both sides last week as Trump’s tariff-related news flow made it tougher for traders to predict the direction. But given the fact that the trade war now appears to be limited between the US and China, notwithstanding the spillover effect, do you see a sustained rise in Nifty beyond 23,000? Indeed, a sense of relief, albeit brief, has replaced the utter panic that gripped global financial markets early last week. As more visibility has emerged in terms of worst-case scenarios of the trade war, global indices have begun to show signs of heading higher. That Nifty managed to keep overnight gains intact on Friday is a signal toward this end. However, the fact that VIX fe...

FIIs dump domestic equities worth Rs 31,575 crore in April so far; 2 triggers that could reverse trend

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[hfe_template id='11223'] [ad_1] Foreign Institutional Investors (FIIs) extended their selling spree on Friday for the 9th successive session taking the monthly outflows to Rs 31,575 crore. They have been sellers in each of the previous three months and have offloaded domestic shares worth Rs 1,48,149 crore. FIIs sold domestic equities worth Rs 78,027 crore in January and followed it up with selling worth Rs 34,574 crore in February and Rs 3,973 crore in March. On Friday, FIIs sold shares worth Rs 2,519.03 crore while the domestic institutional investors (DIIs) were net buyers at Rs 3,759.27. The FIIs were sellers seven times on a monthly basis in the financial year that ended on March 31, 2025. The highest exodus of flows happened in October and January when the FIIs sold shares worth Rs 94,017 crore and Rs 78,027 crore, respectively. Commenting on the day's action, VK Vijayakumar, Chief Investment Strategist at Geojit Investments said that the turbulence in global ...

Sensex, Nifty wipe out weekly loss. But can this fragile rally survive Trump tariff tornado?

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[hfe_template id='11223'] [ad_1] Clawing back almost all the ground lost during the tumultuous week, the Sensex on Friday surged up to about 1,500 points while Nifty came close to crossing the 22,900-level in a short-covering rally in which traders adjusted their portfolios to play catch-up with global markets after Thursday’s market holiday. The trigger? US President Donald Trump’s abrupt pause on his April 2 tariff salvo—a move that came not from diplomatic benevolence, but, as market veterans point out, from the fury of the bond market. A massive selloff in US Treasuries this week pushed the 10-year yield to a precarious 4.5%, forcing the White House to blink. Trump’s backpedaling was pitched as a negotiation window, but most saw it as a desperate act to placate Wall Street. The rally was dramatic, but the question haunting every investor’s screen now is: can this momentum sustain, or was this just a classic bear market head-fake? Street View “The gap up opening in th...

Trump tariffs rattle markets but Q4 earnings could be the real wrecking ball for Nifty bulls

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[hfe_template id='11223'] [ad_1] Even as Trump’s tariff tantrums dominate headlines, the biggest storm brewing for Dalal Street might not be coming from Washington—but from India Inc’s balance sheets. And unlike policy tweets, poor profits have a longer shelf life. The March quarter earnings season kicks off tomorrow, a market holiday though, with IT bellwether TCS announcing its numbers, and it couldn’t come at a more fragile time. After a nerve-rattling week driven by global fearmongering, Nifty bulls must now contend with the one force that truly steers stock prices—earnings. In the last few days, the market has been making sharp swings on the basis of any news—or even a rumour—around the trajectory of reciprocal tariffs by Trump. But with earnings taking the spotlight, the stage is set for what could be a harsh reality check. Motilal Oswal said the Q4 earnings remained essentially unchanged from previous quarters, with Nifty earnings growth expected at just 2% YoY. K...