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Tag: NIFTY

  • Sensex Slumps 117 Points, Nifty Holds 22,200 Amid Profit Booking | Markets News

    New Delhi: Indian equity benchmarks closed in red on Wednesday, following profit booking and sideways trading among global peers. At closing, Sensex was down by 117 points or 0.16 per cent, at 72,987 points and the Nifty was down by 17 points or 0.08 per cent, at 22,200 points.

    Midcap and smallcap stocks outperformed benchmarks. The Nifty midcap 100 index was up by 482 points or 0.96 per cent, at 50,707 points and the Nifty smallcap index was up by 94 points or 0.58 per cent, at 16,457 points. Among the sector indices, PSU bank, pharma, metal, realty, energy, infra, PSE, healthcare, and oil & gas were settled in the green mark. On the contrary auto, IT, fin service, media and private banks remained in the red. (Also Read: Good News For SBI Customers! SBI FD Interest Rates Hiked Effective Today; Check SBI Latest Fixed Deposit Rates)

    In the Sensex pack, 14 out of 30 stocks closed in the green mark, and 16 stocks closed in the red mark. Bharti Airtel, Power grid, NTPC, L&T, Axis Bank, M&M and HCL tech were major gainers. Asian Paints, Tata Motors, HDFC Bank, JSW Steel, Sun Pharma, HUL, and Nestle were major laggards. (Also Read: New Zealand Probes Indian Spice Brands Over Contamination Concerns)

    “The BankNifty index experienced sideways trading during the weekly expiry day, encountering resistance at the 48000 level. To sustain the upward momentum, the index must decisively surpass this mark, targeting levels around 48500,” according to Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. “On the downside, support is positioned at 47200, presenting favourable buying opportunities on dips toward this level,” he added.

  • Market Outlook For Next Week, Key Events To Watch

    Globally, the upcoming US PPI, retail sales, jobless claims, Fed Chairman’s speech, and core inflation data will be a key event to watch.

  • Indian Stocks Close Financial Year On Firm Footing, Indices Accumulate 27-31% Returns |

    New Delhi: Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at. the federal level.

    Sensex settled 0.88 per cent or 639 points higher at 73,635 points, and Nifty 0.92 per cent or 203 points at 22,326 points. Among the widely-tracked Nifty 50 stocks, 45 advanced and the rest 5 declined today, NSE data showed.

    On Friday, the market will remain shut for Good Friday. On Monday too, the stock exchanges were closed on account of Holi. Today, the equity market extended gains and almost retested the record high. Over the past 12 months, the indices accumulated about 27-31 per cent return on investment for the investors.

    “Indian equities closed the day and fiscal year on an optimistic note, with volatility by the end of the session, as buying by retails, DIIs, and FIIs surged across categories,” said Vinod Nair, Head of Research, Geojit Financial Services. (Also Read: AI Security Startup SydeLabs Raises Funds To Secure GenAI Systems)

    “The mid- and small-cap stocks have emerged as frontrunners, rebounding from the initial sell-off earlier in the month. An upgrade in the domestic economy forecast hints at an encouraging outlook for the stock market in FY25. However, the emphasis is on large-cap due to the persisting premium valuations of mid-cap stocks, which could pose a concern on the broad market in the short to medium term.”

    Emkay Institutional Equities, a part of Emkay Global Financial Services Limited, maintains its stance of Nifty to remain at 24,000 level. Emkay expects the market to rebound in 3-6 months, when SMIDs (Small and Mid Caps) will start to outperform again.

    For the time being, Ajit Mishra, SVP – Technical Research, Religare Broking suggests a continuing focus on stock selection, with a preference for the index majors and large midcaps.

    Back home, foreign portfolio investors continue to remain net buyers in India. This also buoyed the stocks. Foreign portfolio investors who had aggressively sold Indian stocks and turned net sellers in the Indian equity market in January 2024 became net buyers in February and March. This has also likely buoyed the stocks of late.

    In March, they bought stocks in India worth Rs 31,056 crore, the latest data from the National Securities Depository Limited (NSDL) showed. Separately, the Beta version of the optional T+0 settlement, for a limited set of 25 shares, started today. The T+0 system means that the settlements must be done within the same day, of the completion of a transaction. (Also Read: Realme 12X 5G Smartphone Price Range And Specifications Confirmed In India Ahead Of Launch On April 2)

    The Board of the SEBI will review the progress at the end of three months and six months from the date of this implementation, and decide on further course of action. Currently, India follows the T+1 cycle, which means trades are settled by the next day.

  • Good Friday Holiday: Are Stock Markets Closed Tomorrow? Check Here | Markets News

    New Delhi: As the current financial year is going to end soon, investors and traders are planning for the upcoming month. When you are setting your goal, it’s crucial to know about the days when the Indian stock exchanges will be closed. By being aware of these holidays, you can stay ahead in your financial planning and avoid any inconvenience.

    Good Friday: Is Stock Market Closed?

    The answer is yes. As we all know Good Friday approaches on March 29, 2024, and Indian stock, bond, and commodity markets are preparing to observe the holiday. (Also Read: Good News For MGNREGA Employees! Centre Announces Pay Hike: Check State-Wise Wages Here)

    Market Closure Details

    On Good Friday, trading will be suspended on major platforms including the BSE and NSE stock exchanges, as well as the commodity exchanges MCX and NCDEX, and the bond markets. Market activities will resume on Monday, April 1, 2024. (Also Read: Big Blow To Home Loan Borrowers! HDFC Bank Raises Lending Rates To 9.8%)

    Resumption Of Trading

    BSE And NSE

    Trading will commence with a 15-minute pre-opening session at 9:00 am, followed by regular trading from 9:15 am onwards.

    MCX

    Regular trading hours will resume, with the morning session running from 9:00 am to 5:00 pm, and the evening session from 5:00 pm until 11:30/11:55 pm.

    Stock Market Holidays In April 2024

    Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will not be open for trading on certain days in April 2024 due to various holidays.

    Following Good Friday, traders should be aware of the upcoming market holidays in April 2024, including Id-Ul-Fitr, Ram Navami, and Maharashtra Day, among others.

    Impact On Market Activities

    The closure of markets during major religious and national holidays is a common practice in India, allowing participants to observe significant events and take a break from trading activities.

    Traders and investors are advised to plan their strategies accordingly. 

  • After A Record-breaking Rally, Markets Trade Lower On Weak Global Trends | Markets News

    Mumbai: Equity benchmark indices declined in early trade on Monday after rallying in the past two straight sessions amid weak trends from the US markets and selling in banking stocks.

    After a record-breaking rally, the 30-share BSE Sensex went lower by 204.64 points to 73,914.75 due to profit taking. The Nifty slipped 49.15 points to 22,444.40.

    Among the Sensex firms, Tata Steel, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank, Infosys, and Tata Motors were the major laggards.

    Bajaj Finserv, UltraTech Cement, ITC, and Bajaj Finance were among the gainers.

    In Asian markets, Seoul and Tokyo were quoting lower, while Hong Kong and Shanghai traded in the green territory The US markets ended in the negative territory on Friday.

    Global oil benchmark Brent crude dipped 0.68 per cent to USD 81.52 a barrel.

    The stock markets were closed on Friday for Mahashivratri.

    Foreign Institutional Investors (FIIs) bought equities worth Rs 7,304.11 crore on Thursday, according to exchange data.

    “The dominant trend in the market in the near-term is likely to be the underperformance of the broader market, particularly the small-cap space.

    “Since restraint imposed by some mutual funds by stopping lump sum investment into their small-cap schemes has failed to stem the flow of funds into the over valued small-cap segment, SEBI has stepped in with regulatory action asking the mutual funds to do stress tests in their mid and small-cap schemes.

    “Since the market is scaling new highs consistently, the undertone of the market remains bullish and, therefore, investors should remain invested. Large caps are likely to witness buying on dips while the broader market will face headwinds,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

    On Thursday, the 30-share BSE Sensex advanced 33.40 points or 0.05 per cent to settle at a new peak of 74,119.39, while the broader Nifty rose by 19.50 points or 0.09 per cent to close at a record 22,493.55.

  • NIFTY Scales New Heights, Expect Sensex To Follow This Time Around | Markets News

    Mumbai: Markets were on a roll last week and even though there was extreme volatility, they continued their upward march. NIFTY has made a new high this week effectively on every trading session.

    Index Performance: NIFTY vs. BSESENSEX

    However, the BSESENSEX has yet to cross the high of 73,427.59 points which was made on 16th January. The new high made on Friday on NIFTY was at 22,297.50 points while BSESENSEX reached 73,413.93 points, short of previous high by a mere 14 points. This makes one believe that sooner than later this would be breached and also confirming that NIFTY is yet to make another high on Monday or Tuesday.

    Weekly Market Wrap-Up

    At the end of the week, BSESENSEX gained 716.16 points or 0.99 per cent to close at 73,142.80 points while NIFTY gained 172 points or 0.78 per cent to close at 22,212.70 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.70 per cent, 0.76 per cent and 0.74 per cent respectively. BSEMIDCAP gained 0.01 per cent while BSESMALLCAP was up 0.82 per cent.

    Intraday Volatility and Market Movement

    Markets gained on three of the five trading sessions and lost on two. On Thursday, markets opened in the red but rallied smartly to close in the positive. The intraday movement on Thursday between the low and the close was 1,076 points on BSESENSEX and 342 points on NIFTY. If one compares this to the weekly gains, it’s almost 1.5 times on BSESENSEX and double on NIFTY. The markets had probably a sharp intraday correction. (Also Read: LIC Housing Finance Hopes To Earn Rs 5,000 Cr Profit In FY24)

    Global Market Insight: Dow Jones Performance

    The Indian Rupee gained 8 paisa or 0.10 per cent to close at Rs 82.94 to the US Dollar. Dow Jones gained in three of the four sessions and lost in one session. Dow gained 503.54 points or 1.30 per cent to close at 39,131.53 points.

    New Listings and Market Sentiment

    Shares of Vibhor Steel Tubes Limited which had issued shares at Rs 151, listed at the bourses on Tuesday, February 20. The primary issue from the company was of a very small size with a fresh issue of Rs 72 crore in the price band of Rs 141-151.

    Upcoming Market Offerings: A Look Ahead

    The week ahead sees the issue from Exicom Tele-Systems Limited tap the markets. The issue which opens on Tuesday, February 27, would close on Thursday the 29th February.

    Investment Opportunities: Evaluating Market Offerings

    For the fixed income category of investors there is an issue from Bharat Highways Invit which opens in the week ahead.

    Market Outlook: Bullish Trends and Strategies

    The current value of NIFTY is higher by 860.10 points or 4.03 per cent. The February series had begun at a level of 21,352.60 points. Currently, the Bulls have complete control of the series and there is no way that they would allow the series to slip out of their hands. (Also Read: Zomato’s Hilarious Response To Customer Goes Viral; Netizens Applaud Creativity)

    Navigating Market Volatility

    Coming to the strategy in the week ahead, expect volatility and sharp intraday moves in both directions to be the order of the day. Trade with a positive mindset but keep on booking profits in sharp rallies. At the same time use sharp dips to buy and refrain from having large overnight positions.

  • Nifty Hit Six New Record Highs This Year Indicating India’s Bull Market | Markets News

    New Delhi: This year alone, Nifty has set six new record highs during intraday trade and this is indicative of the strong momentum in the market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

    An important characteristic of the bull market is its ability to set new successive record highs and this market has been doing this consistently, he said. Selling by FIIs, triggered by rising bond yields in the US, is having no impact on this up-trending market where DIIs bought Rs 17850 crores in February so far and domestic HNIs and retail investors are calling the shots, he added.

    High quality fundamentally strong large caps like RIL, ICICI Bank and Bharti taking up the leadership in the rally is positive for the bulls. Also, it is important to remember that large caps have valuation comfort in this market where segments of the broader markets have tipped into frothy valuations. Since the Bank Nifty is around 4% away from its record high, more action is likely in banking stocks. (Also Read: Vibhor Steel Tubes Makes Dream Stock Market Debut, Gains 182% On Listing)

    In the near term, volatility will be high. Sharp corrections can happen at any time, he said. Deepak Jasani, Head of Retail Research, HDFC securities, said Goldman Sachs upgraded its rating on global equities to “overweight” on prospects of economic growth and recovery in manufacturing activity, after starting the year with a “neutral” rating across assets.

    Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures, he said. BSE Sensex is trading at 72,726.89 points, up by 18.73 points. Powergrid is up by 3 per cent. (Also Read: Whirlpool Likely To Sell 24% Stake In Indian Unit Via Block Deal: Report)

  • Russia-Ukraine Struggle Are living Updates: Russian missiles hit Odesa, Sumy, Mykolaiv as shelling intensifies

    As Russia stored up its relentless shelling around the nation, Ukrainian President Volodymyr Zelenskyy expanded the shakeup of his safety services and products on Monday by means of postponing 28 extra officers, an afternoon after he disregarded two senior officers over allegations that their companies harboured “collaborators and traitors.”

    Paievska is contending with the toll of the Mariupol siege and her captivity. (Supply: AP/ Record picture)

    In his nightly video cope with, Zelenskyy mentioned a “group of workers audit” of the Safety Carrier of Ukraine (SBU) used to be underway, and the dismissal of the 28 officers used to be being made up our minds.“Other ranges, other spaces of focal point. However the causes are an identical — unsatisfactory result of paintings,” Zelenskyy mentioned.

    On Sunday, he had fired SBU leader Ivan Bakanov and Prosecutor Common Iryna Venediktova. Zelenskyy, mentioning loads of prison complaints into treason and collaboration by means of other people inside their departments and different legislation enforcement companies.“Six months into the battle, we proceed to discover a number of those other people in every of those companies,” mentioned Andriy Smirnov, deputy head of Ukraine’s presidential place of business.

    Analysts mentioned the strikes are designed to improve Zelenskyy’s keep watch over over the military and safety companies, that have been led by means of other people appointed ahead of the Russian invasion started on Feb. 24.

  • Russia-Ukraine Battle Information Reside Updates: Zelenskyy warns Russia is eyeing different nations after Ukraine

    Ukrainian President Volodymyr Zelenskyy warned that Russia’s invasion of his nation was once just the start and that Moscow has designs on shooting different nations, after a Russian common mentioned it desires complete keep watch over over southern Ukraine.

    “The entire international locations that, like us, consider within the victory of existence over demise should battle with us. They should assist us, as a result of we’re the first in line. And who will come subsequent?” Zelenskyy mentioned in a video deal with past due on Friday.

    Rustam Minnekayev, deputy commander of Russia’s central army district, was once quoted by way of Russian state information companies as announcing complete keep watch over over southern Ukraine would give it get entry to to Transnistria, a breakaway Russian-occupied a part of Moldova within the west. That might bring to an end Ukraine’s whole beach and imply Russian forces pushing loads of miles west past present traces, previous the main Ukrainian coastal towns of Mykolaiv and Odesa. The observation was once one of the detailed about Moscow’s ambitions in Ukraine and suggests Russia does now not plan to wind down its offensive there anytime quickly.

    On Twitter, Ukraine’s defence ministry mentioned Minnekayev’s feedback confirmed Russia was once not hiding its intentions. Moscow, it mentioned, had now “stated that the purpose of the ‘2d section’ of the warfare isn’t victory over the legendary Nazis, however merely the career of japanese and southern Ukraine. Imperialism as it’s.”Russia says it’s carrying out a “particular army operation” to demilitarise Ukraine and release its inhabitants from bad nationalists.

    Ukraine and its Western allies name Russia’s February 24 invasion an unjustified warfare of aggression. Moldova’s overseas ministry mentioned it had summoned Moscow’s ambassador on Friday to precise “deep worry” concerning the common’s feedback. Moldova was once impartial, it mentioned. Moldova remaining month carried out to sign up for the Ecu Union, charting a pro-Western route hastened by way of Russia’s invasion.

  • Ukraine-Russia struggle best tendencies: What satellite tv for pc footage expose about Mariupol siege, and extra

    Ukraine deputy PM says no humanitarian corridors on Friday on account of the hazards

    Ukraine used to be now not making an attempt to ascertain any humanitarian corridors to evacuate civilians trapped via preventing on Friday on account of the risk, Deputy Top Minister Iryna Vereshchuk stated. “Because of the risk at the routes lately, April 22, there shall be no humanitarian corridors,” she wrote on Fb. “To all the ones ready to be evacuated: be affected person, please grasp on!”

    Britain says Russia blockaded Azovstal plant to comprise Ukraine resistance

    Russian President Vladimir Putin’s resolution to blockade the Azovstal metal plant in Ukraine most probably signifies a want to comprise resistance in Mariupol, a British army replace stated on Friday. “A complete flooring attack via Russia at the plant would most probably incur vital Russian casualties, additional reducing their total struggle effectiveness,” the replace added.

    Satellite tv for pc footage display conceivable mass graves close to Mariupol

    Satellite tv for pc pictures launched Thursday confirmed what gave the impression to be mass graves close to Mariupol, and native officers accused Russia of burying as much as 9,000 Ukrainian civilians there so as to disguise the slaughter happening within the siege of the port town. The pictures emerged hours after Russian President Vladimir Putin claimed victory within the fight for the Mariupol, in spite of the presence of an estimated 2,000 Ukrainian warring parties who have been nonetheless holed up at an enormous metal mill.

    Listed below are a couple of different key updates:

    ➡️ Ukraine President Volodymyr Zelenskyy stated Russian forces keep watch over maximum of Mariupol however Ukrainian troops stay in part of it. About 120,000 civilians have been blocked from leaving, he stated.

    ➡️ Loads of Ukrainian troops stay bunkered down at Mariupol’s Azovstal metal manufacturing unit. Putin instructed his troops to blockade it.

    ➡️ Putin on my own can come to a decision the destiny civilians nonetheless trapped in Ukraine’s war-torn Mariupol, Mayor Vadym Boichenko instructed Reuters, announcing satellite tv for pc pictures of a mass grave website have been evidence Russians have been burying our bodies to cover the toll.

    ➡️ Russian forces captured 42 villages within the jap Donetsk area, an aide to Zelenskyy’s leader of workforce instructed Ukrainian tv.

    ➡️ Russian forces are advancing in opposition to Kramatorsk, additionally within the east, which remains to be hit via rocket assaults, the British Ministry of Defence stated.

    ➡️ The mayor of Kharkiv, Ukraine’s 2d town, stated it used to be underneath intense bombardment.

    ➡️ US President Joe Biden pledged $800 million in additional weaponry for Ukraine and stated he would ask Congress for more cash to lend a hand the Ukrainian army.

    ➡️ Newly disclosed “Ghost” drones which are a part of The usa’s newest hands bundle for Ukraine have been evolved via the United States Air Power for attacking objectives and are destroyed after a unmarried use, the Pentagon stated.

    ➡️ Zelenskyy dominated out heading to Moscow for direct talks with Russian leaders on finishing the struggle. He stated Russia had rejected a suggestion for an Easter truce.

    ➡️ British Finance Minister Rishi Sunak and his Canadian counterpart Chrystia Freeland walked out of an World Financial Fund assembly in Washington to protest the invasion of Ukraine when Russia’s delegate spoke.

    (Compiled from Reuters and Related Press stories)