The upbeat sentiment comes after a trade court blocked President Donald Trump’s sweeping tariff agenda.
The list of companies with a valid Sebi approval for an IPO includes marquee names like NSDL, LG Electronics, JSW Cement, Kalpataru, and Credila Financial Services, among others. There are nearly two dozen IPOs with an issue size in excess of Rs 1,000 crore each.
Consumer stocks drag benchmarks while PSU banks shine; BAT pares ITC stake in heavy block deal
Gold rate today: Yellow metal's June contracts on MCX opened at Rs 95,287 per 10 gram today.
The resilience of the broader markets is not just technical—it’s being underpinned by improved earnings visibility, easing inflation, and a rebound in foreign inflows.
The Nifty IT and realty indices posted modest gains, while the Nifty Bank index traded nearly flat. Market volatility eased slightly since morning, with the India VIX inching up 0.27 percent to 18.59.
ITC, JSW Steel, Titan Company, IndusInd Bank, and Tata Consumer Products were the major laggards on the Nifty
Analysts note a shift among retail investors toward safer avenues such as debt mutual funds and fixed deposits amid global uncertainties and rising geopolitical tensions.
Markets rode a rollercoaster on May 27, with the Sensex swinging nearly 1,300 points in a dramatic session that saw bulls and bears battle for control. Heavy selling in auto and IT dragged the Nifty and Sensex off their two-day winning streak.
Stock Market LIVE Update: Sensex Today: Among sectoral indices, Nifty FMCG was the top loser, slipping 1.5 percent, followed by Nifty Auto, which declined 0.7 percent. Nifty Metal and Nifty Pharma each shed 0.6 percent, while Nifty Consumer Durables edged down 0.5 percent. On the positive side, Nifty PSU Bank and Nifty Media were the top gainers, rising 1 percent each.
The broader market saw relative gains, as the Nifty Midcap 100 and Smallcap 100 ended 0.15 percent and 0.1 percent higher, respectively.
Sensex jumped 450 points from its day’s low to trade at around 81,735.28, while the broader Nifty moved closer to the key 24,900 mark, underlining a strong comeback in investor sentiment.
Broader markets staged a comeback as well, with the Nifty Midcap 100 inching up 0.22 percent and the Smallcap 100 advancing 0.41 percent.
Sensex, Nifty declined by over 1 percent amid weak Asian cues after U.S. President Donald Trump deferred a proposed 50 percent tariff on European Union imports.
The broader market showed relative resilience, as the Nifty Midcap 100 slipped only 0.3 percent while the Nifty Smallcap 100 managed a modest gain of 0.07 percent.
Currency experts say the rupee will trade with an upper bias throughout the day as concerns over US trade and fiscal policies continue to weigh on the greenback.
In the previous session, the frontline indices surged as much as 400 points buoyed by gains in auto, IT, and metal stocks. However, profit-booking emerged at higher levels after the Sensex surged nearly 600 points intraday.
Stock Market LIVE Update: Sensex Today: Among sectoral indices, Nifty FMCG was the top laggard, slipping 0.9 percent, followed by Nifty Auto and Nifty IT, both down 0.7 percent. Nifty Oil & Gas declined 0.6 percent, while Nifty Metal and Nifty Private Bank dropped 0.5 percent each. On the positive side, Nifty PSU Bank and Nifty Realty edged up 0.25 percent each.
India VIX, the barometer to assess nervousness in the market, surged 4.28 percent to 18.02, indicating heightened market volatility.
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,001 per 10 gram on May 26.
Sensex, Nifty surged on Monday as global and domestic cues lifted investor sentiment. Investor confidence received a boost after US President Trump agreed to delay the proposed 50 percent tariffs on European Union goods.
The broader market represented by the midcap 100 and smallcap 100 indices gained 0.5 and 0.4 percent, respectively. The two have managed to pare most of their losses and trade just 1 and 6 percent lower YTD.
In the previous session, bulls staged a strong comeback with benchmark indices Nifty and Sensex rebounding sharply, led by a rally in banking, IT, and metal stocks.
Gold price may continue its positive trend in the coming week, but may encounter initial resistance at Rs 97,600, which bulls may break and sustain above, allowing prices to approach all-time highs. On the other side, initial support is at Rs 94,000, followed by Rs 92,800.
The recovery seen in Dalal Street, especially in IT stocks, during the May 23 session indicates that fears related to rising yields may be easing.