Most importantly, with no weekend votes expected, the Senate's failure to pass funding bills on Friday means the shutdown will enter its sixth day on Monday. The ongoing data blackout, including the non-release of the official jobs report, clouds the Fed’s monetary policy outlook.
The path to internationalize the rupee is fraught with challenges, according to experts
Nearly 180 stocks touched their 52-week high on the BSE, including Tera Software, Netweb Technologies, V2 Retail, L&T Finance, Lumax Industries, Jindal Steel, Goodluck India, Fortis Healthcare, among others
Sensex and Nifty wrapped up the week with nearly one percent gains, lifted by a strong rally in metals and PSU banks, while FMCG and IT pared losses in late trade.
Benchmark equity indices Nifty 50 and 30-share Sensex traded flat in the afternoon session on Friday, October 3, after erasing morning losses.
Metals shone for the third day in a row while autos turned volatile and FMCG stayed weak, keeping the market mood mixed in early trade.
Sensex and Nifty are set for a muted opening on October 3 after an RBI policy-driven rebound lifted banking stocks and revived market sentiment.
Tata Steel, Power Grid Corp, Hindalco, Axis Bank and L&T were among major gainers, while losers included Max Healthcare, Coal India, Maruti Suzuki, Tech Mahindra and SBI Life Insurance. Except pharma, realty, FMCG, all other sectoral indices ended in the green with metal index rose nearly 2 percent, PSU Bank up 1 percent. The BSE midcap index was up 0.8 percent and smallcap index added 1 percent.
The MPC also announced additional measures, including the inclusion of select currencies of India’s major trading partners in the list of reference rates published by Financial Benchmarks India Ltd
Nearly 140 stocks touched their 52-week high on the BSE, including L&T Finance, Fortis Healthcare, Muthoot Finance, Jindal Steel, Canara Bank, Tata Investment Corp, RBL Bank, among others.
Banking and financial stocks led the benchmark indices Nifty 50 and Sensex to snap eight consecutive sessions of losses, as RBI's moves to enhance credit supported the markets.
Banking and financial stocks led the benchmark indices Nifty 50 and Sensex to snap eight consecutive sessions of losses, as RBI's moves to enhance credit supported the markets.
The Reserve Bank of India (RBI) today maintained a status quo on repo rate and policy stance, highlighting India's favourable growth-inflation dynamics. Meeting Street expectations, RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5 per cent, and maintained the policy stance as ‘neutral’. RBI MPC addresses the media after the monetary policy announcement.
Except PSU Bank, all other sectors ended in the green with private bank, realty, pharma, IT, media up 1-4 percent. Tata Motors, Shriram Finance, Kotak Mahindra Bank, Trent, Sun Pharma were among biggest gainers on the Nifty, while losers were Bajaj Finance, Tata Steel, SBI, UltraTech Cement and Bajaj Auto. BSE Midcap index rose 0.9 percent and smallcap indices added 1%.
The September F&O expiry and headwinds from Trump’s tariffs, visa fee, pharma levy, persistent FII selling and RBI policy outcome are likely to lead to volatility.
Sensex Today | Stock Market LIVE Updates: Tata Investment Corp, Sammaan Capital, Hindustan Copper, Coforge, Kotak Mahindra Bank are among most active shares on the NSE. BSE Midcap and smallcap indices are trading flat.
Axis Bank, Maruti Suzuki, L&T, Apollo Hospitals, Dr Reddy's Labs were among top losers on the Nifty, while gainers were Eternal, Bharat Electronics, IndusInd Bank, Titan Company, Wipro.
Indian markets opened on a positive note, reflecting upbeat global cues, but traded in a volatile manner throughout the session.
After a firm start, the Nifty 50 and Sensex slipped into flat territory by the afternoon session on Monday, September 29, as early gains were wiped out.
Indian markets opened higher on September 29, breaking a six-day losing streak, with gains in IT and pharma stocks supporting sentiment. Analysts, however, remain cautious as volatility persists and resistance levels weigh on the Nifty’s upside momentum
BSE Midcap index rose 0.3 percent, while smallcap index shed 0.3 percent. Axis Bank, Maruti Suzuki, L&T, Adani Enterprises, Dr Reddy's Labs were among top losers on the Nifty, while gainers were Eternal, Bharat Electronics, IndusInd Bank, Titan Company, SBI. Among sectors oil & gas, PSU Bank, energy, realty added 1 percent each, while media index shed 1 percent.
Sensex Today | Stock Market LIVE Updates: Trends on GIFT Nifty indicate a positive start for the broader index in India, with a gain of 89.5 points or 0.36 percent. Ceigall India, Azad Engg, Zaggle Prepaid, Vascon Engineers, Atlanta Electricals, Ganesh Consumer, Tata Motors in focus on 29 September
Investors will watch the Reserve Bank of India’s policy outcome, fresh quarterly updates, and developments in India–US trade talks
Investor attention next week (starting from September 29) will focus on scheduled speeches from several Fed officials, with markets currently pricing in two quarter-point rate cuts in upcoming meetings.
All the sectoral indices ended in the red with bank, capital goods, consumer durables, metal, IT, telecom, pharma, PSU Bank down 1-2 percent.