Tag: stock market news

  • Indian Markets Sink For Second Day Amid Tariff Shock: Time To Rejig Your Portfolio? – News18

    Indian Markets Sink For Second Day Amid Tariff Shock: Time To Rejig Your Portfolio? – News18


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    Investors are spooked amid escalating risk-off sentiment triggered by sweeping tariffs: How retail investors can navigate the storm

    What Should Be Your Stock Market Investment Strategy Now?

    What Should Investors Do Now? Investors worldwide are scaling back equity exposure amid escalating risk-off sentiment triggered by sweeping tariffs announced by US President Donald Trump. Fears of a global trade war, looming recession in the US—the “Mother Market”—and domestic growth concerns have collectively weighed on sentiment, dragging markets lower across the globe.

    Wall Street and Asian equities registered sharp losses overnight. In contrast, Indian benchmarks—the Nifty 50 and Sensex—closed marginally lower in the previous session, slipping around 0.3% each. Despite the muted fall, negative sentiment continues to loom.

    Volatility Ahead, Caution Advised

    Market volatility is expected to persist in the near term, said Rajesh Palviya, Head of Technical Research at Axis Securities. He suggests increasing cash allocation by up to 10% and using market dips to gradually accumulate high-quality stocks.

    Axis Securities maintains a bullish stance on large private banks, telecom, consumption, hospitals, and interest-rate-sensitive sectors. Palviya also sees long-term potential in select capex-driven stocks following recent corrections. However, the firm remains cautious on the IT sector due to anticipated weakness in U.S. discretionary tech spending.

    How Retail Investors Can Navigate the Storm

    Indian Pharma

    The sector rallied recently, as it remained largely unaffected by Trump’s tariff measures. However, caution is advised — this reprieve may not last, and valuations remain stretched.

    Large-Cap Value

    With the Nifty trading at around 17x price-to-earnings, large-caps present relative value. Mid- and small-caps, however, continue to appear overvalued. That said, persistent foreign investor outflows — possibly driven by redemptions in emerging market funds — could keep pressure on large-caps in the short term, leaving them either range-bound or trending lower.

    Focus on Domestic-Facing Stocks

    Companies with a strong domestic demand base — such as banks, FMCG, and infrastructure players — are likely to be more resilient. Still, investors must remain mindful of elevated valuations in certain pockets.

    Adopt a Cautious Stance

    The Indian market is unlikely to remain immune to global turmoil. With financial markets across the board under pressure, India cannot entirely buck the trend. While divergence may occur over time, this appears to be the early phase of a prolonged economic conflict. Investors should avoid chasing rallies and instead consider incremental investments. Market volatility is expected to persist, creating periodic opportunities — but FOMO (fear of missing out) should be avoided.

    Stay Diversified

    In light of ongoing global uncertainties and a weakening US dollar, gold remains a strong diversifier with upside potential. A prudent strategy would be to maintain a balanced portfolio across equities, gold, and fixed-income assets, as the contours of a new global economic order continue to take shape.

    News business » markets Indian Markets Sink For Second Day Amid Tariff Shock: Time To Rejig Your Portfolio?



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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


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    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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  • Week Ahead On Dalal Street: From Q3 Earnings, Inflation Data To Crude Oil, Key Trends To Track – News18

    Week Ahead On Dalal Street: From Q3 Earnings, Inflation Data To Crude Oil, Key Trends To Track – News18


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    Investors will take cues from the December quarter corporate earnings, inflation data and trading activity of foreign investors

    Last week, the BSE benchmark slumped 1,844.2 points or 2.32 per cent, and the Nifty dropped 573.25 points or 2.38 per cent.

    Investors will take cues from the December quarter corporate earnings, with blue-chips like Infosys, Reliance Industries scheduled to report their results this week, in addition, inflation data and trading activity of foreign investors will also be crucial in dictating market trends, analysts said.

    Volatile Week Ahead for Indian Equity Markets

    The movement of crude oil prices and the dollar index will also be tracked by investors. The strengthening of the US dollar, along with rising US bond yields, impacted investors’ confidence last week.

    “The Indian equity markets are poised for a volatile week ahead, as investors eagerly await the release of Q3 earning reports from major companies.

    Key Earnings to Watch

    “Prominent names such as Infosys, Reliance Industries, HCL Technologies, HDFC AMC, HDFC Life Insurance Company, and Axis Bank are set to unveil their financial performance, which is likely to significantly impact market sentiment,” Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.

    FII vs. DII Tug-of-War

    Adding to the market’s dynamic, a tug-of-war between Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) continues to unfold, he said.

    Macro Data: CPI and WPI Releases

    “India’s CPI release on Monday will be a key factor,” Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.

    WPI inflation data is scheduled to be announced on Tuesday.

    Last Week’s Market Decline

    Last week, the BSE benchmark slumped 1,844.2 points or 2.32 per cent, and the Nifty dropped 573.25 points or 2.38 per cent.

    Reasons for the Market Slide

    “The sharp decline in the market is attributed to multiple factors, including sustained foreign fund outflows, subdued expectations for Q3 earnings, continued weakness in the Indian rupee against the US dollar, and rising US 10-year bond yields.

    Impact of Crude Oil Prices and Dollar Index

    “Additionally, a strengthening dollar index and a sharp rebound in crude oil prices, raising inflationary concerns, further dampened investor sentiment,” Puneet Singhania, Director at Master Trust Group, said.

    Industrial Production Growth

    India’s industrial production (IIP) growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024, riding on the increased festive demand and pick up in the manufacturing sector, according to the official data released on Friday.

    Outlook for the Week Ahead

    “Looking ahead, corporate earnings will be in the spotlight, with major companies, including IT giants, releasing their Q3 results. Macroeconomic data, such as India’s inflation rate will also play a crucial role in shaping market direction.

    Global Cues and Their Influence

    “On the global front, updates on the US economy, particularly labour market data and inflation trends, may impact FII flows. A spike in crude oil prices will add inflationary pressure. Overall, market volatility is expected to remain as investors react to a mix of earnings, macroeconomic data, and global cues,” Vinod Nair, Head of Research, Geojit​ Financial Services, said.

    (With PTI inputs)

    News business » markets Week Ahead On Dalal Street: From Q3 Earnings, Inflation Data To Crude Oil, Key Trends To Track



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  • Sensex Rises By Rs 87,000 Crore In 5 Days; HDFC Bank, Reliance Industries Lead Market Surge – News18

    Sensex Rises By Rs 87,000 Crore In 5 Days; HDFC Bank, Reliance Industries Lead Market Surge – News18


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    Reliance Industries maintained its position as the top company in the Sensex rankings, followed closely by Tata Consultancy Services (TCS).

    Sensex rose by 657 points, Nifty up by 226 points.

    The past week has been nothing short of remarkable for the stock market, with the benchmark index of the Bombay Stock Exchange (BSE Sensex) rising by a robust 657.48 points, or 0.84%. Meanwhile, the National Stock Exchange’s Nifty index surged by 225.9 points, or 0.95%. A total of Rs 86,847.88 crore was added to the combined market value of the top six companies on the Sensex during this period, with HDFC Bank and Reliance Industries leading the charge and rewarding their investors handsomely.

    Market Performance of Key Companies

    Over the course of the week, the market capitalisation of several major companies saw significant gains, while a few others experienced declines. Notably, HDFC Bank, Reliance Industries, ICICI Bank, Bharti Airtel, ITC, and Hindustan Unilever emerged as the big winners, posting impressive increases in their market valuations.

    On the other hand, stocks like Tata Consultancy Services (TCS), Infosys, State Bank of India (SBI), and Life Insurance Corporation of India (LIC) witnessed a dip in their market value.

    Companies That Benefitted the Most

    According to PTI, HDFC Bank saw its market capitalisation jump by Rs 20,235.95 crore, reaching Rs 13,74,945.30 crore. Similarly, Reliance Industries experienced a rise of Rs 20,230.9 crore, with its market value standing at Rs 16,52,235.07 crore. ITC also saw a substantial increase of Rs 17,933.49 crore, bringing its market capitalisation to Rs 5,99,185.81 crore.

    ICICI Bank gained Rs 15,254.01 crore, pushing its market value to Rs 9,22,703.05 crore. Bharti Airtel added Rs 11,948.24 crore to its market valuation, which rose to Rs 9,10,735.22 crore. Finally, Hindustan Unilever recorded an increase of Rs 1,245.29 crore, with its market capitalisation reaching Rs 5,49,863.10 crore.

    In contrast, several companies faced a decline in their market capitalisation during the week. State Bank of India (SBI) saw its market value drop by Rs 11,557.39 crore, reaching Rs 7,13,567.99 crore. LIC’s market capitalisation fell by Rs 8,412.24 crore, bringing its valuation to Rs 5,61,406.80 crore. Infosys recorded a decline of Rs 2,283.75 crore, with its market value standing at Rs 7,95,803.15 crore. Finally, Tata Consultancy Services (TCS) saw a marginal decrease of Rs 36.18 crore, bringing its valuation to Rs 15,08,000.79 crore.

    The Top 10 Companies of the Sensex

    At the end of the week, Reliance Industries maintained its position as the top company in the Sensex rankings, followed closely by Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, Infosys, State Bank of India, ITC, LIC, and Hindustan Unilever.

    News business Sensex Rises By Rs 87,000 Crore In 5 Days; HDFC Bank, Reliance Industries Lead Market Surge



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  • Stock market today: Sensex gains 150 points, Nifty holds at 24,200 – Times of India

    Stock market today: Sensex gains 150 points, Nifty holds at 24,200 – Times of India


    NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35.
    The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings reports kept gains limited.
    On Monday, the BSE Sensex had ended almost flat at 79,496.15 with a minimal gain of 9.83 points. Nifty50 closed slightly lower by 6.90 points at 24,141.30 after a volatile session where both indices saw mid-session highs but remained under pressure due to cautious investor sentiment.
    Among Tuesday’s top gainers were Tata Motors, Asian Paints, LIC, and Biocon, reflecting strong investor interest. As key earnings reports from major firms, including Oil and Natural Gas Corporation, Britannia Industries, Hindalco Industries, Shree Cement, and Bank of India, are awaited, investors remain vigilant, with Gift Nifty hovering around 24,130, suggesting cautious optimism.
    Analysts point to market consolidation as a likely trend in the near term. Deepak Jasani, Head of Retail Research at HDFC Securities, remarked, “Nifty on the weekly chart formed a small negative candle with long upper and lower shadows, signaling a high wave pattern. The short-term trend remains choppy, with consolidation likely to persist with a weak bias.”





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  • Markets in Motion: Q2 Earnings, Global Shifts and Foreign Investment Lead the Charge – News18

    Markets in Motion: Q2 Earnings, Global Shifts and Foreign Investment Lead the Charge – News18


    Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends.

    “The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility. Foreign Institutional Investors (FIIs) have been a key driver of the Indian market’s performance, and their stance will depend on factors such as global economic conditions, and domestic political developments,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.

    HDFC Bank on Saturday reported a 6 per cent increase in September quarter net profit to Rs 17,825.91 crore on a consolidated basis.

    On a standalone basis, the largest private sector lender’s post-tax net grew to Rs 16,820.97 crore during the reporting period, as against Rs 15,976.11 crore in the year-ago period.

    “In the absence of any major triggers, market participants will focus on upcoming earnings for direction. First, they will react to the results of banking heavyweights such as HDFC Bank and Kotak Bank. Later, companies like ITC, Hindustan Unilever, BPCL, HPCL, and Ultratech Cement will also announce their earnings,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.

    Bajaj Housing Finance, Adani Green Energy, Bajaj Finance, One97 Communications, Zomato, Bajaj Finserv and Bank of Baroda would also announce their earnings this week.

    Kotak Mahindra Bank on Saturday posted a 13 per cent growth in September quarter profit to Rs 5,044 crore, helped by performance of its subsidiaries.

    On a standalone basis, the private sector lender’s net profit for the quarter grew 5 per cent to Rs 3,344 crore, limited by a jump in provisions.

    “Geopolitical uncertainty, coupled with sluggishness in the Chinese economy and persistent FII outflows from the domestic markets, have led to caution,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

    Massive foreign fund exodus from the domestic markets dragged the benchmark indices lower last week.

    Last week, the BSE benchmark declined 156.61 points or 0.19 per cent, and the Nifty went lower by 110.2 points or 0.44 per cent.

    “The trend of FII selling and DII (Domestic Institutional Investors) buying is likely to sustain in the near-term. The rationale behind FPIs (Foreign Portfolio Investors) selling is the elevated valuations in India and the cheap valuations of Chinese stocks, which the FPIs have been buying aggressively since mid-September,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

    Mcap of 4 of Top-10 Most Valued Firms Jumps Rs 81,151 Cr Last Week

    Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers.

    While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation.

    ICICI Bank added Rs 28,495.14 crore, taking its market valuation to Rs 8,90,191.38 crore.

    The valuation of HDFC Bank jumped Rs 23,579.11 crore to Rs 12,82,848.30 crore.

    State Bank of India’s market valuation climbed Rs 17,804.61 crore to Rs 7,31,773.56 crore and that of Bharti Airtel went up Rs 11,272.45 crore to Rs 9,71,707.61 crore.

    On the other hand, the market capitalisation (mcap) of Infosys slumped Rs 23,314.31 crore to Rs 7,80,126.10 crore.

    The valuation of Reliance Industries declined Rs 16,645.39 crore to Rs 18,38,721.14 crore.

    The mcap of Hindustan Unilever tumbled Rs 15,248.85 crore to Rs 6,38,066.75 crore and that of TCS diminished by Rs 10,402.01 crore to Rs 14,91,321.40 crore.

    LIC’s valuation went lower by Rs 8,760.12 crore to Rs 5,91,418.91 crore.

    The mcap of ITC dipped Rs 2,251.37 crore to Rs 6,08,682.29 crore.

    Reliance Industries continued to remain the most-valued domestic firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC.

    (With PTI inputs)



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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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  • BSE Clarifies June 4 Mutual Fund NAV Delay: Payment Lag from Banks, No Technical Glitch – News18

    BSE Clarifies June 4 Mutual Fund NAV Delay: Payment Lag from Banks, No Technical Glitch – News18


    Stock market crashed on June 4 the day of Lok Sabha election results in which Rs 31 lakh crore of investors’ wealth was wiped out. (Representative image)

    Several investors had taken to social media to complain about being unable to square off their positions.

    Leading stock exchange BSE stated on Friday that delays in receiving payments from banks caused a lag in assigning NAV to investors who bought mutual funds on June 4. The exchange clarified that there was no technical glitch on its part.

    Several investors had taken to social media to complain about being unable to square off their positions.

    Many investors purchased their mutual funds before the cut-off time, although they were assigned the Net Asset Value (NAV), which determines the fund’s value for June 5 instead of June 4. This resulted in substantial financial losses to such investors.

    “It is hereby clarified that there was no technical glitch at BSE Clearing House (ICCL) on June 4th. Prima Facie, there was a lag in receiving details of credit /payments from payments aggregator(s) / bank(s) for a few customers which led to the delayed NAV,” BSE said in a statement.

    The clarification came after several broking platforms alleged BSE for a glitch in the mutual fund system of the exchange on June 4, which led the orders to go through the next day (June 5), when the equity markets had partially recouped some of their losses.

    Stock Market Crash

    Stock market crashed on June 4 the day of Lok Sabha election results in which Rs 31 lakh crore of investors’ wealth was wiped out.

    Following the exit poll prediction of a resounding victory of the BJP-led NDA, BSE benchmark Sensex shot up on Monday (June 3) by 2,507 points, or 3.4 per cent, to settle at a new closing peak of 76,469.

    However, a day later on Tuesday (June 4), the equity markets witnessed a bloodbath, with the Sensex tanking 4,390 points, or 6 per cent, to settle at 72,079.

    This was the worst single-day fall in four years.

    Meanwhile, benchmark equity indices Sensex and Nifty climbed over 2 per cent to settle at record closing high levels on Friday after the Reserve Bank of India (RBI) revised upwards the GDP growth projection to 7.2 per cent for 2024-25 from 7 per cent earlier.

    The 30-share BSE Sensex jumped 1,720.8 points, or 2.29 per cent, to hit a new record peak of 76,795.31 in day trade. The benchmark ended at 76,693.36, up 1,618.85 points, or 2.16 per cent.

    The NSE Nifty climbed 498.8 points, or 2.18 per cent, to 23,320.20 during the day and is just 18.5 points from hitting its record high level. It settled with a jump of 468.75 points, or 2.05 per cent, at 23,290.15.

    Regaining the 75,000 level, the BSE benchmark jumped 692.27 points, or 0.93 per cent, to settle at 75,074.51 on Thursday.

    The Nifty climbed 201.05 points, or 0.89 per cent, to 22,821.40.



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  • Short Week, Big Impact: Markets On Watch For Global Events, Macro Data & TCS Results – News18

    Short Week, Big Impact: Markets On Watch For Global Events, Macro Data & TCS Results – News18


    Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4.

    Equity markets will remain closed on Thursday for Eid-Ul-Fitr.

    Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said.

    Equity markets will remain closed on Thursday for Eid-Ul-Fitr.

    Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.

    “Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024.

    “Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India’s industrial production data will also be announced on 12th April 2024. On the same day, inflation for March will be declared,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.

    Investors will closely monitor the movement of the rupee against the dollar, crude oil prices, and investment activities of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), Meena added.

    Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4.

    “The outlook for the market will be guided by major global and domestic economic data, India’s CPI data and IIP, US consumer inflation, US business optimism index, US initial jobless claims and ECB (European Central Bank) interest rate decision,” Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd, said.

    Ajit Mishra, SVP – Technical Research, Religare Broking Ltd, said this week marks the beginning of the earnings season and the focus will be on the IT majors to start with.

    “This week, the focus will shift to Q4 earnings season as TCS will announce its results on 12th April. Also, markets will take cues from global events like India & US inflation data, and ECB policy meeting. Overall we expect the market to consolidate in a broader range with stock-specific action,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, said.

    (This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)



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  • Stock Market Updates: Nifty At 21,450, Sensex Around 71,000 – News18

    Stock Market Updates: Nifty At 21,450, Sensex Around 71,000 – News18


    Stock Market Updates: On January 25, Indian indices commenced trading with a slight dip influenced by mixed global cues. The Sensex saw a decline of 65.87 points, representing a 0.09 percent decrease, settling at 70,994.44.

    Similarly, the Nifty recorded a decrease of 12.70 points, or 0.06 percent, closing at 21,441.30. Among the stocks, 1643 registered gains, 552 faced declines, and 89 remained unchanged.

    The Sensex and Nifty benchmarks are expected to commence trading on a downward note.

    GIFT Nifty trends suggest a negative start for the broader index, anticipating a loss of 22.50 points.

    Sensex Reclaimed 71,000 Mark On Wednesday

    Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks.

    Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31.

    The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60.

    The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95.

    Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent.

    IndusInd Bank and PowerGrid closed with a gain of 3.60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others.

    On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent.

    A total of 25 stocks of the 30-share benchmark settled in green, while 43 constituents of the NSE Nifty witnessed gains.

    The BSE Midcap rose 1.71 per cent to settle at 37,884.28, while the smallcap index rose 1.72 per cent to 44,124.36.

    Among sectoral indices, telecommunications and metal rose by 3.57 per cent and 3.21 per cent, respectively. While commodities rose 2.06 per cent, oil & gas went up 2.17 per cent and energy increased by 1.95 per cent.

    The banking sector index was the only laggard, falling marginally by 0.18 per cent.

    Elsewhere in Asia, Japan’s Nikkei 225 lost 0.80 per cent, and Hong Kong’s Hang Seng gained sharply by 3.56 per cent. China’s Shanghai Composite also ended 1.80 per cent higher.

    European markets were higher on Wednesday, with Germany’s DAX and CAC 40 of France gaining 1.00 per cent and 0.58 per cent. London’s FTSE 100 rose 0.29 per cent.

    In the US markets, the Dow closed 0.25 per cent lower on Tuesday, while the S&P 500 settled 0.29 per cent higher and tech-heavy Nasdaq closed the session 0.43 per cent higher.

    Meanwhile, Brent crude futures, the global oil benchmark, were trading higher by 0.58 per cent to USD 80.01 per barrel on Wednesday.

    On Tuesday, Sensex fell 1,053.10 points or 1.47 per cent to settle at 70,370.55. Nifty also declined 330.15 points or 1.53 per cent to close at 21,241.65.

    Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,115.39 crore, according to exchange data.

    In the past four trading days alone, FPIs have sold shares worth over Rs 27,000 crore after pumping huge money that had also pushed the market indices to record highs.

    (With PTI inputs)



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