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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 ...

[hfe_template id='11223'] [ad_1] In God we trust, everybody else brings data to the table. It was originally framed by renowned statistician Dr. W. Edwards Deming. But in India, it was popularized by Mr. Narayana Murthy, founder of Infosys - indicating that while faith has its place, but in the world of markets and business - data beats noise. There is a popular saying in the West that creates lots of noise when the month of May starts: “Sell in May and go away.” The belief is that stock markets tend to underperform from May to October and do better from November to April. Since this is an age old adage nobody questions it. But does it hold true today? Let’s dive deep into data and figure out. ETMarkets.com From the above data, it’s evident that despite the second half of the year being packed with major festivals and events, the six-month period from November to April delivered modest average returns of just 4%, with only 6 out of 10 years ending in the green. Live ...

[hfe_template id='11223'] [ad_1] Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts. Trading activity of foreign investors, who were sustained buyers in the Indian market last week, and global trends would also guide movement in the market, they said. Equity markets will remain closed on Thursday for 'Maharashtra Day'. Further updates related to tariffs will also be watched by investors, experts noted. Stock markets witnessed profit-taking in the last two sessions due to increased geopolitical tensions between India and Pakistan following the death of 26 people in a terror attack on tourists at Pahalgam in Jammu and Kashmir. "The upcoming holiday-shortened week also marks the beginning of a new month, making monthly auto sales data a key area of focus for market participants. On the macroeconomic front, investors will closely track the...

[hfe_template id='11223'] [ad_1] Following a 12% year-on-year (YoY) decline in Infosys' March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a 'Buy' rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India's second-largest IT services company by market capitalisation reported a consolidated profit after tax (PAT) of Rs 7,033 crore in Q4FY25, compared to Rs 7,969 crore in the year-ago period. The tier-1 IT services company reported Q4FY25 revenue of Rs 40,925 crore, up 8% from Rs 37,923 crore in the corresponding quarter of the previous financial year. Commenting on Infosys' January–March quarter results, Nuvama said the company's revenue decreased by 3.5% in constant currency on a quarter-on-quarter (QoQ) basis (+4.8% YoY), significantly below its estimate of a 1...

[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 ...

[hfe_template id='11223'] [ad_1] The Indian stock exchanges, BSE and the National Stock Exchange (NSE), will remain shu today, April 10, in observance of Mahavir Jayanti 2025. Regular trading across exchanges will resume on Friday, April 11, offering market participants a mid-week pause. Mahavir Jayanti is one of the 14 scheduled market holidays in 2025. All market segments—including equities, derivatives, currency trading, securities lending and borrowing (SLB), and electronic gold receipts (EGR)—will remain suspended for the day. Investors are advised to plan their trades in advance, keeping the holiday schedule in mind. Additionally, the Multi Commodity Exchange (MCX) will also remain closed for the occasion for its morning trading session from 09:00 am - 5:00 pm, according to their website. However, the exchange will remain open for its evening session from 5:00 pm - 11:30 pm. NSE holidays in April 2025 Live Events Indian stock exchanges remain operational from Monda...

[hfe_template id='11223'] [ad_1] Shares of Indian information technology companies fell sharply on Wednesday, with Coforge, Wipro and other major IT firms declining as much as 5.4%, amid a broader global equity sell-off triggered by renewed U.S.-China trade tensions. The Nifty IT index slid 2.4%, emerging as the biggest drag on benchmark indices, as investors reacted to Washington’s confirmation of steep 104% tariffs on Chinese imports, which are set to take effect after midnight. The tariff escalation, announced by former U.S. President Donald Trump, stoked fears of a protracted trade war and potential global stagflation, rattling equity markets across Asia and Wall Street. Shares of IT firms, which earn a significant portion of their revenue in U.S. dollars, including Coforge, Wipro, Mphasis, Tech Mahindra and Persistent Systems dropped between 3% and 5.4%. Other IT players like LTIMindtree, Infosys, HCL Technologies and Tata Consultancy Services declined between 1.5% ...

[hfe_template id='11223'] [ad_1] Brokerage firms are optimistic about Macrotech Developers, Titan Company, and Kalyan Jewellers. Synopsis Brokerages are optimistic about Macrotech Developers, Titan Company, and Kalyan Jewellers, citing strong fundamentals and growth prospects. Macrotech Developers shows a potential 31% upside, driven by robust pre-sales. Titan Company's jewelry sales grew significantly, with a 25% potential upside. Kalyan Jewellers experiences strong sales growth, supported by wedding demand, indicating a 28% upside. As the earnings season unfolds, brokerages remain upbeat on select stocks backed by strong fundamentals, consistent growth, and expanding market presence.We spotlight three top picks that have caught the attention of leading analysts. Macrotech Developers, Titan Company, and Kalyan Jewellers have each received bullish calls from reputed brokerages, citing robust sales momentum, aggressive expansion strategies, and favorable industry dyna...

[hfe_template id='11223'] [ad_1] India’s top four billionaires—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—saw their combined net worth fall by $10.3 billion on Monday, according to Forbes’ real-time billionaire list, as markets witnessed a sharp selloff. Mukesh Ambani, India’s richest individual, suffered the biggest hit with his wealth dropping by $3.6 billion to $87.7 billion. Gautam Adani, the second-richest Indian, saw a $3 billion decline, bringing his total net worth down to $57.3 billion. Savitri Jindal & family, ranked third in India and 45th globally, lost $2.2 billion as their net worth fell to $33.9 billion. Shiv Nadar also saw his fortune drop by $1.5 billion, settling at $30.9 billion. The sharp drop in billionaire wealth came as Indian benchmark indices plunged, mirroring global market weakness sparked by escalating trade tensions and recession fears in the US. The Sensex tanked over 3,900 points, while the Nifty fell below...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average slumped on Monday to the lowest level in 1-1/2 years, with the index of Japanese bank stocks diving more than 17% at one point, as concerns over a tariff-induced global recession continued to rip through markets. The Nikkei dropped as much as 8.8% to hit 30,792.74 for the first time since October 2023, before ending the day down 7.8% at 31,136.58. All 225 component stocks of the index finished in the red. The broader Topix sank as much as 9.6% before closing down 7.8%. Speaking on Sunday aboard Air Force One, U.S. President Donald Trump characterized his latest round of sweeping tariffs as "medicine", and signalled a willingness to accept the market rout. Since Trump revealed the more-aggressive-then-anticipated levies last week, the Nikkei has tumbled 11.6% and the U.S. S&P 500 has dropped 10.6%. Live Events "It's extremely difficult to judge how far this stock market correction...

[hfe_template id='11223'] [ad_1] The Indian market was closed on Monday for a national holiday in observance of Eid al-Fitr 2025. On Friday, the Indian benchmark indices, Sensex and Nifty, ended in the red, pressured by declines in auto and IT stocks as investor sentiment turned cautious ahead of this week's announcement of US reciprocal tariffs. However, intraday volatility persisted, driven by foreign inflows and optimism about a domestic growth recovery. The benchmark BSE Sensex declined 191.51 points, or 0.25%, to close at 77,414.92, while the broader Nifty 50 index closed at 23,519.35, down 72.60 points, or 0.31%. Here's how analysts read the market pulse: Asian markets are experiencing a new phase of consolidation as the latest U.S. tariff measures are expected to have a significant impact on major manufacturing economies, said Vinod Nair, Head of Research at Geojit Investments, adding that a rise in Japan's CPI has contributed to the prevailing weaknes...

[hfe_template id='11223'] [ad_1] As history is known to rhyme, if not repeat, stock market investors are eyeing a well-established pattern: a pre-earnings rally, a correction during the results period, and a subsequent rebound. Historical data suggests that Nifty has seen an upswing in the three to four weeks before Q4 earnings 70% of the time with a clear 3%+ upside occurring in 30% of cases. However, the first 30 days of the earnings season have historically delivered flat returns with a negative bias. But what happens next? The data shows that in the past decade, Nifty has delivered an average return of 5.7% in the three months following Q4 results, with an 8%+ gain in half of the cases. The next 6 months are even brighter with an average 8.75% return. In the last 10 years, March month has been largely positive for the markets, apart from exceptions seen in 2015, when global concerns like China's Yuan devaluation and Brexit uncertainty led to volatility, and in 20...

[hfe_template id='11223'] [ad_1] U.S. President Donald Trump's re-election prompted a run-up in the broad stock market that has since receded. The same has happened in a number of tiny companies linked to the president's two eldest sons. In the last few months, Donald Trump Jr and Eric Trump have announced their involvement in several smaller companies ranging from the e-commerce, drone manufacturing and financial advisory industries. The announcements sparked a frenzy of buying in those stocks - generally thinly traded names with tiny market valuations and minimal revenue - only to give back most of those gains. Donald Jr and Eric Trump currently run the Trump Organization, the president's real estate company. Their association with smaller, publicly listed companies since the election indicates their interest in leveraging that win in the business world. On February 24, the duo disclosed a combined 13.4% stake in biotech firm-turned-financial advisory Do...

[hfe_template id='11223'] [ad_1] The residential upcycle and strong earnings by real estate companies have not been enough to ease the sustained pressure on realty stocks, which have fallen by up to 40% in the past six months. Among them, six out of ten stocks in the Nifty Realty index are now in a bear market, and experts remain non-committal on whether the bottom has been reached. The Nifty Realty index is down 29% from its all-time high of 1,157.35 and has declined 20% in the last six months. Its underperformance exceeds that of the benchmark indices, with the BSE Sensex and Nifty50 falling 8.4% and 9.3%, respectively. “It is difficult to say whether the stocks have corrected enough and made a bottom, but they may be close to a point where they should start consolidating,” market expert Neeraj Dewan said. In an interaction with ET Now, Dewan highlighted that real estate and stock markets tend to move in tandem and that the recent correction in equities has also affect...

[hfe_template id='11223'] [ad_1] Shares of Jio Financial Services Ltd (JFSL) climbed as much as 2.4% on Thursday to Rs 222.35 on the BSE, extending a three-day rally that has lifted the stock by 10.6% since hitting a 52-week low earlier this week. The non-banking financial company, owned by billionaire Mukesh Ambani, has rebounded from its 52-week low of Rs 198.60 on Monday. The stock had closed 3.3% lower on Monday to close at Rs 200.95 before reversing losses over the past three sessions. Jio Financial’s impending Nifty 50 entry, announced by NSE Indices last month, is anticipated to drive fresh institutional buying. JM Financial estimates that the index addition could bring inflows of approximately $404 million as funds tracking the index rebalance their portfolios. The recent uptrend also comes after Jio Financial announced on March 4 that it is set to acquire State Bank of India’s (SBI) 17.8% stake in Jio Payments Bank for Rs 104.5 crore, making the digital banking ...

[hfe_template id='11223'] [ad_1] Indian stock markets are trying to inch back to life, fueled by a double dose of macro relief: a sliding US dollar and plunging crude oil prices. The past few days have seen a relief rally take hold, with bullish sentiment returning as the dollar index retreats and oil prices drop below $70 a barrel. Sensex is up around 1,000 points in the last two days, but the broader market, which had slipped into bear territory, is rallying even sharper, with the BSE Smallcap index rising 5.6% in three days. The US dollar index has tumbled to 104.2, giving up a significant portion of its gains since September 2024. Simultaneously, the Indian rupee has strengthened, boosting optimism that foreign institutional investor (FII) selling could soon reverse. Brent crude’s sharp 6.5% drop over the past four sessions—its lowest level since December 2021—provides further tailwinds, as India, a major oil importer, stands to benefit from lower energy costs. A dec...

[hfe_template id='11223'] [ad_1] Shares of NTPC Green Energy cracked 9% to hit their new 52-week low of Rs 96.20 on the BSE on Monday, February 24, as its 3-month shareholder lock-in period expires today, freeing up 183 million shares to trade in the open market. This development means that nearly 183 million shares of NTPC Green Energy, which were previously restricted and could not be sold, are now eligible for trading. According to a report by domestic research firm Nuvama Alternative & Quantitative Research, these unlocked shares represent approximately 2% of the company’s total outstanding shares. A three-month share lock-in period refers to a specific duration of three months during which certain shareholders are restricted from selling or transferring their shares in the stock market. This restriction is often imposed following an initial public offering (IPO) to prevent a massive sell-off that could destabilize the stock price. Typically, lock-in periods last...

[hfe_template id='11223'] [ad_1] Given the flattish range last week, Nifty's downside may not extend all the way to 22,000, says Anand James, Chief Market Strategist, Geojit Financial Services. "We feel that an upswing attempt could unfold, once in the 22,550-22,300 region." Edited excerpts from a chat: Nifty bears dashed hopes of a rebound in the week. How strong are the chances of the index falling below 22,000 in the next 2-3 weeks? A solid recovery from sub 22,800 levels last Monday masked the selling that unfolded through the rest of the week on every attempt to rise. We had gone in last week with the feeling that a large break down was imminent, but this was dodged through the week, despite multiple forays into the 22,800 vicinity. We feel that this has only served to delay the inevitable. However, given the flattish range last week, the downside break may not extend all the way to 22,000. We feel that an upswing attempt could unfold, once in the 22,5...

[hfe_template id='11223'] [ad_1] The selloff is relentless and unforgiving. The Sensex has plunged 3,000 points over nine straight sessions, leaving investor portfolios in tatters. But the real bloodbath is in smallcaps and microcaps, now stuck in a bear market abyss, with retail investors bearing the brunt of the devastation. For the Nifty, the pain is historic — this is its longest losing streak since 2019, when it tumbled 5% over nine sessions between April 30 and May 13. Back then, the market staged a 6% relief rally within a week. But this time, the outlook is far bleaker. Relentless selling by FIIs threatens to crush any hopes of a bounce back, raising fears that the worst is far from over. Also read | Doomsday for smallcap stocks? 5 signs of cracks deepening after 5-year frenzy The damage runs deep — Nifty stocks have collapsed up to 42% from their peaks, with Tata Motors taking the hardest hit. With no signs of a floor, panic is spreading fast — how much more pai...

[hfe_template id='11223'] [ad_1] Global financial-market turbulence this week sparked by a series of US tariff announcements looks like just the beginning of a volatile year, according to a JPMorgan Chase & Co. electronic trading survey. Inflation and tariffs will have the biggest impact on markets in 2025, followed by geopolitical tension, according to the annual trading poll. Some 41% surveyed highlighted volatility as their biggest anticipated daily trading challenge, up from 28% last year. “What sets this year apart is the somewhat unexpected timing of volatility,” said Eddie Wen, JPMorgan’s global head of digital markets, in an interview. “Markets are reacting to news headlines in surprising ways, and I expect this trend to continue in the current climate.” Traders are on tenterhooks given the lack of clarity over what impact tariffs will have on different asset classes. The annual survey of over 4,200 institutional traders was conducted last month before Presid...