The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks. For the next one month, the expectation stock-specific action based on Q3 results and earnings, but any large upside or downside looks limited
Investors monitor Sensex behavior during Lok Sabha election. FPIs sell Indian stocks. Hope for a good monsoon. Structural growth opportunity in Indian equities. Tata Steel, JSW Steel, Tata Motors, and HAL among recommended stocks. For the next one month, the expectation stock-specific action based on Q3 results and earnings, but any large upside or downside looks limited
Indian benchmark indices closed lower as banking stocks declined, with Sensex falling 455 points and Nifty dropping by 152 points. Top laggards included Nestle India, Titan, Axis Bank, NTPC, Tata Motors, and ITC. Shares of Nestle India on Thursday fell amid reports that the government has taken suo-motu cognisance of a report in Thursday's ToI publication.
Indian markets were closed on Wednesday for a local holiday. The benchmark Nifty 50 and S&P BSE Sensex have lost about 2.7% each in the last three sessions. Meanwhile, tensions in the Middle East remained high after Israel threatened retaliation against Iran for its weekend missile attack. Read more here:
There is selling pressure in the mid-caps stocks with the BSE Small Cap Select Index down 1.2 per cent. Among the top losers on Monday, IFCI is down more than 6 per cent, NBCC is down more than 4 per cent, Castrol is down more than 4 per cent, and Hindustan Zinc is down 4 per cent.
Markets in Asia began the week on a cautious footing. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% after Iran had, late on Saturday, launched explosive drones and missiles at Israel. The Indian rupee fell to its weakest closing level on record on Monday as rising Middle East tensions weighed on Asian currencies and risk assets, but potential dollar sales by the Reserve Bank of India helped curb the local unit's losses.
The market capitalisation of all listed companies on BSE declined by Rs 6 lakh crore to Rs 393.77 lakh crore. On the sectoral front, Nifty PSU Bank, Realty, and Media opened with declines of over 2%, while Nifty Auto, Financial, Metal, Pharma, and Oil & Gas opened with losses ranging from 1-2%.
The upcoming week promises to show top action with the Iran-Israel conflict taking center stage along with the earnings season which kicked off with the announcement of earnings by TCS. Oil prices, China GDP data, US retail sales figures, and movements in US bond yields and the dollar index will be important macroeconomic events that may influence market sentiments
The upcoming week promises to show top action with the Iran-Israel conflict taking center stage along with the earnings season which kicked off with the announcement of earnings by TCS. Oil prices, China GDP data, US retail sales figures, and movements in US bond yields and the dollar index will be important macroeconomic events that may influence market sentiments
According to the chief investment strategist of Geojit Financial Services, Friday sell-off by FPIs was to the tune of Rs 8,027 crore on fears of changes in the India-Mauritius tax treaty. This move will weigh on FPI inflows in the near term, till clarity emerges on the details of the new treaty.
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