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  • Why Has Share Market Surged Today? Know Key Reasons For 1,397 Points Rally In Sensex – News18

    Why Has Share Market Surged Today? Know Key Reasons For 1,397 Points Rally In Sensex – News18


    Last Updated:

    Indian benchmark indices surged on Tuesday, tracking gains in Asian markets after the US paused planned tariffs on Canada and Mexico

    Stock Market 2025 Live Updates: Why is market rising today?

    Stock Market Rally: Benchmark equity indices BSE Sensex and NSE Nifty50 both closed with gains of over one per cent on Tuesday. The benchmark BSE Sensex surged by 1,467.75 points, or 1.90%, reaching 78,654.49, while the broader Nifty50 rose by 394.05 points, or 1.69%, to 23,755.10 at 3:06 pm, marking an intraday high.

    The market capitalization of BSE-listed companies increased by Rs 3.4 lakh crore, reaching Rs 423.70 lakh crore.

    After reaching an intraday high of 78,658.59, the 30-share Sensex ended at 78,583.81, gaining 1,397.07 points or 1.81% from its previous close.

    Similarly, the NSE Nifty50 finished at 23,739.25, up 387.20 points or 1.62%. The index traded between 23,762.75 and 23,423.15 during the day.

    Key Reasons Why Market Is Rising Today

    US Pauses Tariffs on Mexico and Canada

    US President Donald Trump’s tariff policies have been a significant factor affecting global stock market sentiment. However, the Trump administration recently paused the proposed tariffs on Canada and Mexico, which has helped lift market sentiment.

    “After the global equity market sell-off yesterday, today brings positive signals. Trump’s decision to temporarily freeze tariffs on Mexico and Canada and initiate negotiations suggests a strategy: impose tariffs, then negotiate a deal,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    “This strategy may also be applied to China. A full-blown trade war would also harm the US,” Vijayakumar added.

    Declining Dollar

    The dollar index, which tracks the greenback against a basket of currencies, fell by 0.56% to 108.90. The euro dropped 0.67% to $1.0293. This decline follows the suspension of tariffs on key trading partners and data showing a recovery in US manufacturing activity, reinforcing expectations that the Federal Reserve may not cut rates in March.

    The Indian rupee strengthened on Tuesday, buoyed by the dollar’s drop after Trump delayed tariffs on Canada and Mexico. Vijayakumar highlighted that the decline in the dollar index is a positive development for India, with investors, particularly DIIs, expected to increase investments in discretionary consumption sectors.

    Positive Global Sentiment Boosts Markets

    Positive global sentiment, triggered by changes in US trade policy, spilled over into the domestic market, lifting investor confidence. Key Asian indices, including Japan’s Nikkei, Korea’s Kospi, and Hong Kong’s Hang Seng, each surged by more than 1%.

    RBI MPC: Rate Cut Hopes Build

    The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting is scheduled for February 5-7, with high expectations of a 25 basis point rate cut. Rahul Bajoria, Economist at BofAS India, believes that both growth and inflation data suggest the need for easing monetary conditions. Bajoria anticipates a 25 basis point cut in the repo rate to 6.25%, along with possible actions like a reduction in the Cash Reserve Ratio (CRR) or substantial bond purchases.

    Auto Sector Rally

    Shares of automobile manufacturers surged after strong sales growth in January, signaling sustained demand in the automotive sector. The Nifty Auto index climbed 1.8%, with 14 out of 15 constituents advancing. The government’s push to increase farm productivity and expand credit access is expected to boost demand for tractors, farm equipment, and entry-level two-wheelers. Additionally, the increase in the income tax exemption limit under the new regime is expected to stimulate demand for budget-friendly cars.

    “Emboldened by the excellent Budget, investors, particularly DIIs, are likely to increase investments in sectors like cars, scooters, motorcycles, white goods, and food delivery businesses,” said Dr. V K Vijayakumar.

    Maruti Suzuki posted record sales in January 2025, with 212,251 units sold, while Eicher Motors saw a 20% rise in motorcycle sales. Hero MotoCorp also posted a 2.13% increase in total sales, with exports surging 141%.

    Buying the Dip

    Twelve out of the 13 major domestic sectors opened higher, with small- and mid-cap stocks climbing 1% each, as investors seized buying opportunities after recent market declines.

    In the 30-share blue-chip index, companies like Infosys, Tata Motors, Larsen & Toubro, and Tata Steel led the gains. Meanwhile, Power Grid, Hindustan Unilever, Nestle, and Asian Paints lagged.

    Anand James, Chief Market Strategist at Geojit Financial Services, noted, “Despite several downside attempts, the downside marker at 23,190 held firm, encouraging us not to change our stance. We are still focused on targets between 23,700-23,840, with 23,440 acting as resistance.”

    News business » markets Why Has Share Market Surged Today? Know Key Reasons For 1,397 Points Rally In Sensex



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  • Stock Market Live Updates: Will Dalal Street React Positively? Investors Closely Wait For Union Budget 2024 – News18

    Stock Market Live Updates: Will Dalal Street React Positively? Investors Closely Wait For Union Budget 2024 – News18


    Last Updated: July 23, 2024, 08:22 IST

    Stock Market Live: Indian benchmark equity indices closed slightly lower on Monday, weighed down by Reliance Industries and Wipro following their weaker-than-expected quarterly results. Market volatility increased with the budget announcement just a day away.

    “Although the budget is anticipated to be favourable, investors will closely monitor whether it continues to tickle traction, given high valuations and the risk of a downgrade in earnings,” said Vinod Nair, Head of Research, Geojit Financial Services.

    Global Cues

    Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee.

    European stocks saw an uptick and markets in the US closed higher following Biden’s announcement.

    The Dow ended Monday higher by 128 points, or 0.3%. The S&P 500 closed up 1.1% and the Nasdaq gained 1.6%.

    European markets also closed higher, and Asian markets closed mostly lower. US Treasuries rose slightly, trimming yields, and the dollar was softer against major currencies.

    Much of Monday’s gain came from a rebound in tech stocks. Nvidia gained 4.8% while chipmaker Advanced Micro Devices was up 2.8%.

    Shares of CrowdStrike, the cybersecurity firm behind a crippling global tech outage on Friday, plunged 13.5%. The stock has lost 27% of its value since Thursday.

    Stay informed with our comprehensive coverage of Union Budget 2024. Get the latest on new income tax slab rates for AY 2024-25 in Income Tax Slabs Budget 2024 LIVE Updates . Track the impact of Budget 2024 on the stock market in Stock Market Budget Day 2024 LIVE Updates.



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  • Stock Market Updates: Nifty Hits Record High, Sensex Zooms 300 pts; Delta Corp Jumps 8% – News18

    Stock Market Updates: Nifty Hits Record High, Sensex Zooms 300 pts; Delta Corp Jumps 8% – News18


    Last Updated: December 01, 2023, 09:36 IST

    Sensex Today: A solid 7.6 per cent GDP growth rate for the September quarter (Q2FY24), higher-than-expectations, lifted equities in early hours on Friday. The S&P BSE Sensex advanced 278 points, or 0.42 per cent, to quote at 67,267 levels.

    The Nifty50, meanwhile, hit record high of 20,225, up 86 points or 0.39 per cent, aided by NTPC, Apollo Hospitals, Ultratech Cement, IndusInd Bank, Asian Paints, Adani Ports, L&T, Grasim, and LTIMindtree.

    In the broader markets, the BSE MidCap index hit a new record high of 34,481.7, ruling 0.64 per cent higher. The BSE SmallCap index, too, was up 0.8 per cent.

    Among sectors, all the indices were trading with firm gains led by the Nifty Realty up 1.7 per cent, followed by the Nifty Metal, and Media indices (up 0.8 per cent each).

    Global Cues

    Asian sharemarkets started the last month of the year on a cautious note after recent strong gains, though growing expectations Europe and the US are poised to cut rates should help ease pressure on local currencies and central banks.

    The Dow Jones Industrial Average closed at its highest level since January 2022 as investors crossed the finish line of a banner month for stocks and viewed cooling inflation data as a harbinger of easing Federal Reserve monetary policy.

    Oil prices fell in early Asian trade on Friday, extended losses after OPEC+ producers agreed to voluntary oil output cuts for the first quarter next year that fell short of market expectations.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo…Read More



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  • Stock Market Updates: Sensex Gains 100 pts, Nifty Nears 19,850; Mamaearth Up 7% – News18

    Stock Market Updates: Sensex Gains 100 pts, Nifty Nears 19,850; Mamaearth Up 7% – News18


    Last Updated: November 23, 2023, 09:33 IST

    Sensex Today: Equity benchmark indices started Thursday’s trading session on a cautious note, amid mixed global cues and the weekly Nifty options expiry later today.

    The S&P BSE Sensex quoted with a gain of 100-odd points around 66,110. The NSE Nifty50 was seen testing the 19,850 level.

    Asain Paints, up 1 per cent, was the top mover among the Sensex 30 shares followed by Wipro, Nestle India, JSW Steel and Bajaj Finserv. On the flip side, UltraTech Cement and Sun Pharma were marginally in red.

    In the broader market, the BSE MidCap index advanced 0.4 per cent, while the SmallCap added 0.6 per cent.

    Global Cues

    Overnight, the US market ended higher on hopes that the Fed may be done with rate hikes after data data suggested that the economy is easing but may stay strong enough to avoid recession.

    Near home, Nikkei, Kospi and Taiwan gained 0.1 – 0.3 per cent, while Hang Seng and Shanghai indices slipped up to 0.7 per cent.

    Crude oil prices were in focus owing to the unexpected delay in OPEC+ meeting scheduled for Sunday. This morning, Brent crude was down 1.4 per cent at $80.8 per barrel.

    Aparna Deb

    Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious abo…Read More



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  • Sensex Hits All-Time High At 63,588 Led By Index Heavyweights; What Should Investors Do? – News18

    Sensex Hits All-Time High At 63,588 Led By Index Heavyweights; What Should Investors Do? – News18


    Sensex At Record High: The S&P BSE Sensex hit its fresh all-time high of 63,588 level in the intra-day trade on Wednesday. This comes ahead of US Federal Reserve Chair Jerome Powell’s congressional testimony led by gains in index heavyweights Reliance, TCS and HDFC twins.

    Sensex hit a record high of 63,588 as it rose 260 points or 0.41 per cent. The previous peak was 63,583, which it scaled on December 1, 2022.

    The NSE Nifty hit a high of 18,875.90 on Wednesday, around 10 points away from its record intraday high of 18,887.60 points reached on December 1, 2022. The Sensex had touched 63,284.19 points the same day.

    The rally in the Indian equity markets started after March 28 and both the benchmark indices gained nearly 10 per cent since then. Foreign investors have bought equities worth around $8.28 billion in this period.

    Santosh Meena, Head of Research, Swastika Investmart Ltd., said: “”Sensex Surges to a New Record High, Breaking a Six-Month Wait for Investors. While the headline indices Nifty and Sensex are displaying gradual upward movement, the true growth potential lies within the broader market.”

    “The sustained flow of better-than-expected domestic macroeconomic data kept the market mood afloat, with the Nifty Midcap trading at all-time highs. The domestic CPI data moderated closer to the RBI’s target due to the tone-down in food inflation and a favourable base, which increased the likelihood of a rate cut by the end of the year,” said Vinod Nair, Head of Research at Geojit Financial Services.

    Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS, said: “The Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. We continue to believe in the long-term growth story of the Indian equity market, supported by the emerging favourable structure, as increasing Capex enables banks to improve credit growth. Our base case Dec’23 Nifty target is at 20,200 by valuing it at 20x on Dec’24 earnings.”

    What’s Next For Investors?

    Meena said: “This broader market outperformance is expected to persist as we approach the peak interest rate scenarios. Although some profit booking is anticipated around the 64000 level, any temporary decline presents an excellent buying opportunity. The immediate demand zone is projected to be within the range of 61,700–62,400.”

    Where Should You Invest Now?

    Gaurav Dua, Head of Capital Market Strategy, Sharekhan by BNP Paribas, says that as an investor with an investment horizon of 18–24 months, “we believe that private sector banks, NBFCs, auto and auto ancillary companies, engineering and capital goods companies, and select consumer and building material companies should outperform.”

    On the other hand, the expert believes that energy, metals, and IT services could turn out to be laggards in the same period.

    Sharing suitable investment sectors Meena said: “We continue to be bullish on Capital goods, Auto, and Banking space. However, NBFC, Pharma, and Chemical sectors are also providing favorable risk- reward opportunities.”

    Meanwhile, Kulkarni explained that “The macro will continue to drive the market direction, moving forward, and rural and domestic focus themes will gain momentum from here onwards. Because of normal monsoon expectations, pickup in the economic activities, sequential improvement in the services PMI, and the likelihood of higher remittances will likely translate into rural recovery in the upcoming months. With robust GDP data, the market positioning is expected to shift toward domestic-oriented themes comprising BFSI, Automobiles, Industrials and consumption play. Adding to all, the upcoming Monsoon will play a key role in rural and broad-based recovery.”

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.



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  • Sensex Declines To 60,921.84 In Early Trade; Nifty Falls To 17,927

    Sensex Declines To 60,921.84 In Early Trade; Nifty Falls To 17,927


    Benchmark indices declined in early trade on Friday dragged down by IT counters amid an overall weak global market trends.

    The BSE Sensex declined 397.67 points to 60,921.84 points. The NSE Nifty fell 108.4 points to 17,927.45 points.

    Nestle, IndusInd Bank, Tech Mahindra, Wipro, HCL Technologies, Infosys, Tata Consultancy Services, HDFC and HDFC Bank were among the laggards in the Sensex pack.

    UltraTech Cement, Larsen & Toubro, Tata Steel, Asian Paints and Reliance were among the gainers.

    In the pre-open session on Friday, Sensex slipped 300 points and NSE Nifty 50 went below 17,980.

    BSE Sensex and NSE Nifty50 were expected to open lower today. Singapore Exchange Nifty futures was trading 102 points or 0.6 percent lower ahead of the opening bell on Dalal Street.

    Meanwhile, Asian equities slipped on Friday, while the dollar hovered around six-week highs as economic data and hawkish comments from Federal Reserve officials revived fears that the U.S. central bank will stick to its monetary tightening path.

    Data from US Labor Department overnight showed monthly producer prices accelerated in January, while a separate report from the agency showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, news agency Reuters reported.

    Also Read: A Promise Of High Returns Could Backfire! Avoid These 10 Stock Market Investment Errors

    US stock indexes ended Thursday sharply lower as the economic data from the week underscored a sticky inflation and an economy that remains relatively strong.

    Indian Indices ended marginally higher on Thursday amid volatility faced during the last minutes of trading hours as concerns over rising inflation and fears of monetary tightening worldwide hit the sentiment.

    The BSE Sensex eked out marginal gains of 44.42 points or 0.07 per cent to settle at 61,319.51. During the day, it jumped 407.16 points or 0.66 per cent to 61,682.25.

    The NSE Nifty advanced 20 points or 0.11 per cent to end at 18,035.85.

    “Markets ended marginally higher in a trading session marked with extreme volatility. Traders seem to be taking a cautious stance, especially after the rout in Adani group stocks in recent weeks.

    Also Read: IndiGo Block Deal: InterGlobe Aviation Drops Over 4% As 4.4% Equity Shares Change Hands

    “With inflation levels once again inching up, there are concerns that central banks worldwide could continue their rate hiking trend, which could further hurt growth and dampen sentiment,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.

    From the Sensex firms, Tech Mahindra jumped 5.58 per cent, followed by Nestle, Tata Steel, NTPC, Tata Consultancy Services, Asian Paints, Wipro and Bajaj Finserv.

    Mahindra & Mahindra, Hindustan Unilever, Axis Bank and Bajaj Finance were among the major laggards.

    In the broader market, the BSE midcap gauge jumped 0.93 per cent and smallcap index climbed 0.90 per cent.

    Among the sectoral indices, realty jumped 1.34 per cent, metal rallied 1.28 per cent, IT climbed 1.27 per cent, industrials (1.13 per cent), commodities (1.08 per cent) and capital goods (0.97 per cent).

    Financial Services, FMCG, auto and bankex were the laggards.

    The government has cut windfall profit tax on export of diesel and ATF to their lowest while also reducing the levy on domestically-produced crude in line with softening international oil prices, according to an official order.

    Foreign Portfolio Investors (FPI) were net buyers as they bought shares worth Rs 432.15 crore on Wednesday, according to exchange data.

    Among Asian markets, Japan, South Korea and Hong Kong ended higher, while China settled lower.

    European markets were trading in the green. The US markets had ended in the positive territory on Wednesday.

    International oil benchmark Brent crude dipped 0.35 per cent to USD 85.08 per barrel.

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  • Sensex Flat, Nifty Above 17,750

    Sensex Flat, Nifty Above 17,750


    Edited By: Namit Singh Sengar

    Last Updated: February 07, 2023, 09:37 IST

    A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. (Reuters)

    On Monday Tata Steel was the biggest loser in the Sensex pack, falling 2.08 per cent, followed by Kotak Bank, Infosys, ICICI Bank, M&M, Ultra Cement and Tata Motors.

    Sensex saw 76.15 points rise to 60,583.05 points in early trade on Tuesday and Nifty 50 gained 29.20 points to 17,793.80 points.

    Sensex opened at 60,511.32, while Nifty 50 started with 17,790.10.

    Rupee rises 10 paise to 82.66 against US dollar in early trade.

    Moreover, Sensex and Nifty declined by more than half a per cent at close on Monday due to selling in IT, power and metal shares triggered by a global equity meltdown on rate hike fears and FII outflows.

    Snapping its five-day gaining streak, the BSE Sensex settled lower by 334.98 points or 0.55 per cent at 60,506.90. During the session, the index fell over 500 points to touch its intra-day low of 60,345.61.

    The broader NSE Nifty dipped 89.45 points or 0.50 per cent to close at 17,764.60 as 34 of its stocks dropped.

    “A strong job market in the United States pushed the global market lower on rate hike fears, as it offers the Fed more leeway in enacting stricter policy measures. This was in contrast to the recent rally in the global indices on the expectation that the economy is in its last phase of policy tightening.

    “The RBI’s policy announcement on Wednesday will provide more colour on its future rate actions, which is expected to hike rate by 25bps,” news agency PTI quoted Vinod Nair, Head of Research at Geojit Financial Services, as saying.

    On Monday Tata Steel was the biggest loser in the Sensex pack, falling 2.08 per cent, followed by Kotak Bank, Infosys, ICICI Bank, M&M, Ultra Cement and Tata Motors.

    On the other hand, IndusInd Bank, Bajaj Finance, PowerGrid and ITC were among the major winners.

    State Bank of India closed marginally up 0.17 per cent after finance minister Nirmala Sitharaman said that banks and insurance companies are ‘not overexposed’ to any one company and assured that Indian markets are very well managed by its regulators.

    In the broader market, the BSE midcap gauge rose 0.75 per cent and smallcap index gained 0.49 per cent.

    Among sectoral indices, metal dipped 4 per cent, utilities fell 1.26 per cent, Power declined 1.01 per cent, IT (0.67 per cent) and tech (0.65 per cent).

    Telecommunications, services, Capital Good, and Bankex were among the winners.

    Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to the attractiveness of the Chinese markets.

    With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 basis points repo rate hike in its forthcoming bi-monthly monetary policy due later this week.

    (With PTI inputs)

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  • Sensex Falls 200 Points And Nifty 50 below 17,800

    Sensex Falls 200 Points And Nifty 50 below 17,800


    Last Updated: February 06, 2023, 09:56 IST

    A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (File photo/Reuters)

    Meanwhile, Asian shares slipped on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession,

    Sensex Today: Indian equity markets saw a negative start on Monday with Sensex falling 200 points and Nifty 50 below 17,800 in early trade.

    Sensex declined 203.71 points to 60,638.17 in early trade. Nifty slipped 64.05 points to 17,790.

    Rupee declined by 35 paise to 82.43 against US dollar in today’s early trade.

    Last week, Sensex and Nifty rallied over 1 per cent on Friday due to heavy buying in banking and financial counters amid mixed trend in the global markets.

    The 30-share BSE benchmark Sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. During that day, it jumped 973.1 points or 1.62 per cent to 60,905.34.

    From RBI MPC To IIP Data: Top Trends To Drive Market This Week

    Foreign Institutional Investors (FIIs) again offloaded shares on Thursday after a day’s breather. They sold shares worth Rs 3,065.35 crore, according to exchange data.

    Meanwhile, Asian shares slipped on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer, mews agency Reuters reported.

    The dollar extended its rally on the yen to a three-week top of 132.60 on Monday amid reports the Japanese government had offered the job of central bank governor to the current deputy, Masayoshi Amamiya.

    In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5%, with South Korea down 0.6%. Chinese blue chips lost 1.0%.

    Japan’s Nikkei added 1.1%, encouraged by hopes the BOJ would keep policy easy.

    S&P 500 futures and Nasdaq futures eased 0.2% as the stellar January payrolls report forced investors to price in the risk of more hikes from the Federal Reserve, and less chance of cuts later in the year.

    Read all the Latest Business News here

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    A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings …Read More



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  • Sensex tanks over 850 pts, Adani group stocks slide up to 7%

    Sensex tanks over 850 pts, Adani group stocks slide up to 7%


    Stock Market Crash: Fronltine indices sharply slumped on Wednesday as the monthly F&O expiry jolted market sentiment. The S&P BSE Sensex fell over 850 points to the day’s low, while the Nifty index broke below 17,900. Weak economic data from the United States that hinted at a possible recession and downbeat growth outlook from companies also weighed on sentiments. Selling was seen across all sectors barring auto stocks.

    Maruti Suzuki, HUL, Hindalco, Bajaj Auto and Tata Steel were the handful of index gainers, while Adani Ports, Ultratech Cement, Adani Enterprises, SBI, IndusInd Bank remained top laggards.

    In the broader markets, the BSE MidCap and SmallCap indices dropped 0.7 per cent and 0.4 per cent, respectively.

    Sectorally, only the Nifty Auto and Metal indices were in the green, up 0.09 per cent and 0.14 per cent, respectively. On the downside, the Nifty PSU bank index fell 1.15 per cent, followd by the Nifty Bank and Pharma indices (down 0.75 per cent each).

    Adani group stocks fell on Wednesday after Hindenburg Research said that it holds short positions in Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments, sending shares of companies sliding. The short-seller said seven Adani-listed companies have an 85% downside on a fundamental basis due to sky-high valuations and that “key listed Adani companies have also taken on substantial debt” which has “put the entire group on precarious financial footing”. Adani Enterprises shares fell 2.68% to Rs 3350.40, Adani Ports slipped 6.24% to Rs 713.40, Adani Power dropped 4.51% to Rs 262.40, Adani Transmission tanked 4.29% to Rs 2638.00, Adani Green Energy was down 1.84% to Rs 1878.35, Adani Total Gas was down 3.55% to Rs 3747.65 and Adani Wilmar dropped 4.41% to Rs 547.90.

    All sectoral indices trade in red; Nifty PSU Bank falls over 3%

    All the sectoral indices are trading in red with Bank Nifty falling 750 pts or 1.8% to 41,966.35, Nifty IT falling 0.61%, Pharma slipped 1.03%, Nifty Realty dipping 1.51% and Nifty PSU Bank falling most by 3.38%.

    F&O Expiry

    A part of the volatility today can also be attributed to the weekly and monthly derivative expiry today. F&O contracts expire on Thursday but tomorrow being a market holiday on account of Republic Day celebrations, the expiry day has been preponed today.

    Nifty has been consolidating in between 17,777 to 18,250 zones from the last 18 trading sessions where declines are being bought but absence of follow up buying is clearly viable in the market, said Chandan Taparia of Motilal Oswal.

    Markets Focusing on Union Budget, Fed meet for Directional Cues

    Traders were cautious ahead of two big events in the coming week – Union Budget and Fed meeting outcome. Both events are coinciding on February 1, ahead of which Nifty has been trading in a narrow band of 17800-18200. A good budget and positive commentary from the Fed can break the upper band.

    “Any negative budget proposal like raising the rate of long-term capital gains tax or a worse-than-expected hawkish Fed can break the lower end of the range,” said Dr. V K Vijayakumar.

    FII Selling

    Foreign institutional investors who have been on a selling spree on Dalal Street were net sellers to the tune of Rs 760.51 crore yesterday. The total outflow so far in the month has crossed the Rs 17,000 crore mark as FIIs are said to be favouring relatively cheaper markets like that of China.

    Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.



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  • Sensex Falls Over 300 Points, Extending Losses For Second Straight Session

    Sensex Falls Over 300 Points, Extending Losses For Second Straight Session


    Stock Market India: Sensex, Nifty open in the red

    Indian equity benchmarks extended losses for the second straight session on Thursday as rising Covid cases in China alarmed investors who had anticipated the world’s second-largest economy to pick up steam following the easing of strict restrictions. 

    After closing marginally lower in the previous session, the BSE Sensex index fell 300.33 points to 60,609.95 in early trade on Thursday, and the broader NSE Nifty index opened in the red, reflecting a fall in wider Asian share markets along with oil prices.

    As traders try to settle their futures and options (F&)) contracts for the December derivatives, the last series of 2022, the expiry on Thursday could cause a spike in volatility.

    “Markets are likely to see a bearish opening on Thursday in view of weak global cues after US markets slumped overnight amidst rising bond yields over fears that inflation could pick up on China’s reopening,” said Prashanth Tapse, Senior Vice President For Research at Mehta Equities.

    “Volatility is likely to be the hallmark for the day as traders roll-over December F&O contracts to January,” he added.

    The broader MSCI index of Asia-Pacific shares, barring Japan, was down over 1 per cent and on track to post losses for the third consecutive week.

    Markets have remained muted due to worries that measures by central banks to manage inflation could cause an economic downturn and the uncertainty around how China’s economy will perform after the easing of Covid restrictions have also weighed on risk assets, with Wall Street shares ending in the red overnight.

    Since Beijing began dismantling its zero-COVID policy at the beginning of the month, its healthcare sector has been under much strain.

    On a light trading day, equity indexes in South Korea, Australia, Hong Kong, and Japan fell by more than 1 per cent.

    After the S&P 500 index dropped 1.2 per cent to its lowest level in more than a month, futures contracts for European equities declined while those for the S&P 500 see-sawed between gains and losses.

    After a terrible year for the financial markets, optimism was dampened in the final trading week of 2022 by the possibility of additional pandemic damage to weak supply chains as central banks struggle to manage inflation.

    A worldwide bond index has fallen 16 per cent, while global equities have lost a fifth of their value, the biggest annual loss since 2008. The US 10-year yield has risen from 1.5 per cent at the end of 2021 to above 3.8 per cent due to the dollar’s 7 per cent increase.

    China’s reopening “complicates the Fed’s job with respect to putting a little bit of a bid under oil prices, putting a little bit of a bid under inflation globally, to aggregate demand,” said Sameer Samana, Senior Global Market Strategist for Wells Fargo Investment Institute, on Bloomberg TV.

    “That’s going to be one of the biggest things that we’ll be watching in the first half,” he added.

    As the number of COVID-19 cases in China increased, there was less optimism for a rebound in fuel demand in the second-largest oil consumer in the world, pushing crude prices lower.

    That crude price fall could cap the domestic shares losses as India depends on imports for over 85 per cent of its oil needs.  

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