India’s exporters are being squeezed by a currency mismatch, where the rupee’s strength against Europe-UK-Australia is erasing the benefits of a weak rupee against the US dollar.
Nifty 50 approached its record high on November 27, supported by strong global cues and early buying interest, with most sectors trading in the green.
Dalal Street is set for a positive open on November 27, boosted by rising expectations of a Federal Reserve rate cut and supportive global cues.
On the sectoral front, except media, IT, Private Bank, all other indices ended in the red with oil & gas, realty, consumer durables, energy down 0.5% each. Bajaj Finance, HUL, Bajaj Finserv, ICICI Bank, Shriram Finance were among major gainers on the Nifty, while losers were Eicher Motors, ONGC, Eternal, Maruti Suzuki, Bajaj Auto. BSE Midcap index ended flat, while smallcap index fell 0.4%.
October marked the third straight month of undervaluation, driven by a weak NEER and unusually low inflation
More than 100 stocks hit 52-week high, including MCX India, IIFL Finance, GMR Airports, Shriram Finance, Axis Bank, Reliance Industries, Max Financial, L&T, Canara Bank, PTC Industries, Bank of India, AU Small Finance Bank, Hero MotoCorp, SBI, Federal Bank, AIA Engineering, among others.
Domestic benchmark indices Nifty 50 and Sensex experienced significant gains, driven by the festive "Santa Claus rally" in global markets.
Exporters and importers are responding differently but both sides are accelerating hedge coverage, hedging their exposure using structured products and preferring shorter tenor hedges until policy and geopolitical backdrop stabilises
Indian markets opened with gains on November 26, boosted by rising expectations of a Federal Reserve rate cut and supportive global cues.
Indian markets are set for a strong gap-up open on November 26, boosted by rising expectations of a Federal Reserve rate cut and supportive global cues.
Whether commodities markets are about to reshuffle again in the next few months will be shaped by if the conflict is halted
BSE Midcap and smallcap indices rose 1.2% each. All the sectoral indices ended in the green with media, auto, private bank, oil & gas, power, PSU, realty, consumer durables, pharma metal and PSU Bank added 1-2%. Biggest Nifty gainers included JSW Steel, HDFC Life, Bajaj Finserv, Bajaj Finance, Jio Financial, while Bharti Airtel, Asian Paints, SBI Life Insurance were among top losers.
Sectoral trends reflected the uneven mood in the market. Nifty Media emerged as the worst performer, falling 0.8 percent, followed by Nifty IT and Nifty Consumer Durables, each shedding 0.5 percent.
On the sectoral front, metal, pharma, PSU Bank and realty added 0.5-1%, while consumer durables, IT, media, oil & gas shed 0.5% each.
It was second time unlucky for the Australian miner, but a third attempt at a later date might be the charm
The new description of the country’s de facto currency regime is likely to include references to a crawling peg
On the sectoral front, metal, pharma, PSU Bank and realty added 0.5-1%, while consumer durables, IT, media shed 0.5% each. BSE Midcap and smallcap indices ended higher. Hindalco Industries, SBI, Bharat Electronics, Shriram Finance, HDFC Life were among major gainers on the Nifty, while losers included Adani Enterprises, TMPV, Infosys, HDFC Bank and Trent.
Broader indices underperformed the main indices, as market fell during a last-hour selloff with breadth favouring the decline.
After opening in the green, the benchmark indices Nifty 50 and Sensex erased all their gains to settle with losses on November 24.
The rupee’s record fall has sparked short-term caution in equities, pressuring import-heavy sectors while boosting exporters.
Nifty and Sensex opened mildly higher on November 24, supported by positive global cues and improving expectations for FY27 earnings growth.
A record-low rupee signals more than currency volatility
Indian markets are set for a positive start on November 24, with GIFT Nifty indicating early gains despite mixed global cues and investors tracking key U.S. data releases this week.
Tech Mahindra, Eicher Motors, Bajaj Auto, Wipro, Infosys are among major gainers on the Nifty, while losers are JSW Steel, Bharat Electronics, Max Healthcare, Grasim Industries, Dr Reddys Labs. Among sectors, except IT, all other indices ended in the red with media, metal, realty, pharma, oil & gas, FMCG down 0.4-1%. BSE midcap index fell 0.3%, while smallcap index down 0.8%.
Commodity market turbulence is expected to persist as traders now await a series of economic releases including US retail sales, producer price inflation, durable goods orders, and potentially preliminary third-quarter GDP and core PCE figures.