Tag: BSE

Mumbai: Indian stock markets closed a tad lower on Tuesday, with both the Sensex and Nifty settling in negative territory following US trade tariffs on Canada and Mexico coming into force from today. 

Canada’s retaliatory tariffs on US goods further dampened market sentiment.

The 30-share Sensex ended the day at 72,989.93, losing 96 points, or 0.13 per cent, from its previous close. Throughout the day, the index traded between 73,033.18 and 72,633.54.

The Nifty also ended lower, closing at 22,082.65, down by 36.65 points, or 0.17 per cent in the intra-day trade.

During the trading session, the index reached a high of 22,105.05 and a low of 21,964.60.

In the broader market, the Nifty Smallcap100 index rose by 0.69 per cent, while the Nifty Midcap100 gained slightly by 0.05 per cent.

Out of the 50 stocks that make up the Nifty, 28 settled lower, with notable declines seen in stocks such as Bajaj Auto, Hero MotoCorp, Bajaj Finserv, HCL Tech, and Eicher Motors, which lost up to 4.95 per cent.

However, 22 stocks showed gains, with Adani Enterprises, State Bank of India (SBI), BPCL, Bharat Electronics, and Shriram Finance rising by up to 3.03 per cent.

Sectoral performance was mixed, with sectors like PSU Bank, Bank Nifty, financial services, consumer durables, media, metal, oil & gas, and realty indices seeing gains of up to 2.37 per cent.

On the other hand, sectors such as Nifty Auto, IT, Pharma, and FMCG saw losses, with declines extending up to 1.31 per cent.

The Nifty Private Bank index also saw a marginal decline of 0.08 per cent.

“The recent decline in small and midcap stocks reflects profit booking following a strong rally, compounded by global market uncertainties,” said Abhishek Jaiswal, Fund Manager at Finavenue.

He added that while short-term volatility is inevitable, the broader fundamentals of quality midcap companies remain robust, supported by India’s strong economic growth and ongoing structural reforms.

Investors should prioritise businesses with solid balance sheets and sustainable earnings growth rather than reacting to transient market fluctuations, said Jaiswal.

Mumbai: Benchmark indices Sensex and Nifty tumbled nearly 2 per cent on Friday, mirroring deep losses in global markets after the latest announcement of additional 10 per cent tariff on Chinese products rattled investors.

The 30-share BSE benchmark Sensex tanked 1,414.33 points or 1.90 per cent to settle at 73,198.10. During the day, it plunged 1,471.16 points or 1.97 per cent to 73,141.27.

Extending losses to the eighth straight day, the NSE Nifty slumped 420.35 points or 1.86 per cent to 22,124.70.

From its record peak of 85,978.25 hit on September 27 last year, the BSE benchmark index is down 12,780.15 points or 14.86 per cent. The Nifty dropped 4,152.65 points or 15.80 per cent from its lifetime high of 26,277.35 hit on September 27, 2024.

Relentless foreign fund outflows and concerns about the US economic outlook made investors jittery, according to analysts.

From the Sensex pack, Tech Mahindra slumped over 6 per cent followed by IndusInd Bank which tanked over 5 per cent.

Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, Titan, Tata Consultancy Services, Nestle and Maruti were also among the major laggards.

HDFC Bank emerged as the only gainer from the pack.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled with deep cuts. European markets were trading mostly lower. US markets ended sharply lower on Thursday.

“The national market experienced a sharp decline amid heightened bearish sentiment largely influenced by weak global cues. The decline was largely triggered by fear of the implementation of 25 per cent tariff on US imports from Canada and Mexico, set to take effect next week, along with an additional 10 per cent tariff on Chinese goods,” Vinod Nair, Head of Research, Geojit Financial Services, said.

Adding to market jitters, the potential imposition of tariffs on the European Union has further fuelled uncertainty, he said.

“As investors navigate this volatility, all eyes are on the domestic Q3 GDP data, which could provide vital insights into the economic recovery trajectory and influence market direction,” Nair added.

Foreign institutional investors (FIIs) offloaded equities worth Rs 556.56 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude dipped 0.69 per cent to USD 73.53 a barrel.

The BSE Sensex eked out marginal gains of 10.31 points or 0.01 per cent to settle at 74,612.43 on Thursday. The Nifty slipped 2.50 points or 0.01 per cent to 22,545.05, registering its seventh day of decline.

Mumbai: Equity benchmark indices Sensex and Nifty extended their downward trend to eighth day in a row on Friday as investors’ sentiments were plagued due to persistent foreign fund outflows.

Markets began the trade on an optimistic note but soon gave up initial gains and fell in the negative territory.

The 30-share BSE benchmark Sensex dropped 199.76 points or 0.26 per cent to settle at 75,939.21. During the day, it tanked 699.33 points or 0.91 per cent to 75,439.64.

The NSE Nifty declined 102.15 points or 0.44 per cent to 22,929.25.

In eight trading days, the BSE benchmark has tumbled 2,644.6 points or 3.36 per cent, and the Nifty slumped 810 points or 3.41 per cent.

From the 30-share blue-chip pack, Adani Ports dropped over 4 per cent. UltraTech Cement, Sun Pharma, IndusInd Bank, NTPC and Tata Steel were also the among the laggards.

Nestle, ICICI Bank, Infosys, Tata Consultancy Services and HCL Tech were among the gainers.

“The risk-averse sentiment continues to rule investors’ minds as corporate earnings are significantly lower than the market expectations during the start of the year, especially for mid and small caps.

“Muted earnings trend, INR depreciation along with external factors like tariffs are expected to keep the sentiments weak in the near term, which could further push FIIs outflows. Volatility is expected to stay elevated until there is clarity on tariffs and a recovery in corporate earnings,” Vinod Nair, Head of Research, Geojit Financial Services, said.

In Asian markets, Seoul, Shanghai and Hong Kong settled higher while Tokyo ended lower.

European markets were trading on a mixed note. US markets ended higher on Thursday.

India and the US have resolved to more than double the two-way trade to USD 500 billion by 2030 and begin talks for a bilateral trade agreement with a view to bringing down duties and increase market access.

According to a joint statement issued after the meeting of Prime Minister Narendra Modi and US President Donald Trump in Washington, the two leaders have also pledged the bilateral trade relationship to promote growth that ensures fairness, national security and job creation.

“To this end, the leaders set a bold new goal for bilateral trade – Mission 500 – aiming to more than double total bilateral trade to USD 500 billion by 2030. Recognizing that this level of ambition would require new, fair-trade terms, the leaders announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025,” it said.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,789.91 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude went up by 0.55 per cent to USD 75.43 a barrel.

The Sensex dipped 32.11 points or 0.04 per cent to settle at 76,138.97 on Thursday. The Nifty slipped 13.85 points or 0.06 per cent to 23,031.40.