The sharp flows into physical commodity funds may lead to strong outperformance in Indian metal stocks,
Indian markets opened lower on October 31 amid weak global cues, FII selling. The Nifty 50 opened under 25,900, while the Sensex flat in the red.
GIFT Nifty hinted at a flat-to-positive start for Indian markets on Friday, with investors eyeing global cues, rupee movement, and key Q2 earnings.
Bharat Electonics, Eicher Motors, Shriram Finance, L&T, TCS were among major gainers on the Nifty, while losers were Cipla, Eternal, Max Healthcare, NTPC, Interglobe Aviation. Among sectors, PSU Bank index rose 1.5%, while power, metal, media shed 1% each and IT, private bank, healthcare index down 0.5% each. BSE Midcap index slipped 0.5% and Smallcap indices down 0.4%.
Indian equities closed lower on October 30, with Nifty slipping below 26,000 and Sensex falling nearly 600 points as cautious global cues.
Stock Market LIVE Updates: Among sectoral indices, Nifty Private Bank was the biggest loser, down 0.7 percent, followed by Nifty Pharma, Nifty IT, and Nifty Bank, which fell 0.6 percent each. Nifty Metal, PSU Bank, Auto, and FMCG indices were also down 0.5 percent each.
The exchange rate does not serve as a policy tool in a market where its level is determined by market forces, RBI's Poonam Gupta said at an event in Mumbai
More than 170 stocks touched their 52-week high on the BSE, including SAIL, Graphite India, IOC, M&M Financial, HPCL, JSW Steel, Tata Steel, SBI Life Insurance, Jindal Stainless, Grasim Industries, among others.
Adani Enterprises, Power Grid Corp, NTPC, Adani Ports, JSW Steel were among biggest gainers on the Nifty, while losers included Dr Reddy's Labs, Maruti Suzuki, Eternal, M&M, Coal India. BSE Midcap index added 0.7 percent and smallcap index rose 0.6%. Among sectors, except auto (down 0.7%), all other indices ended in the green with media, metal, oil & gas up 1-2%.
The rupee closed at 88.2650 against the US dollar, nearly flat compared to its close at 88.2450 in the previous session
Nearly 160 stocks touched their 52-week high on the BSE, including City Union Bank, Tata Steel, JSW Steel, Indian Bank, SBI Life Insurance, Laurus Labs, HBL Engineering, Hindalco Industries, PNB, Federal Bank, Bank of Baroda, Bank of India, SBI, Bharti Airtel, Canara Bank, Paytm, Grasim Industries, Cummins India, among others.
Benchmark index Nifty 50 recovered most of its losses to settle at 25,936, lower by 30 points or 0.1 percent, on its monthly expiry session.
Analysts expect further downside in gold prices in November and December as seasonal demand tapers off after the festive period.
Experts at Moneycontrol’s Mutual Fund Summit said global investing helps mitigate currency risk while offering access to high-growth global themes absent in India.
Benchmark indices Nifty 50 and Sensex opened on a positive note, as traders were optimistic on the upcoming summit with U.S. President Donald Trump and Chinese President Xi Jinping.
The better-than-expected earnings show from the quarter ended September, coupled with strong DII inflows have maintained the market's strength.
Bajaj Finserv, Power Grid, ONGC, Coal India and Trent were among major losers on the Nifty, while gainers were Tata Steel, SBI Life Insurance, JSW Steel, HDFC Life and L&T. BSE Midcap and smallcap indices ended flat. On the sectoral front, metal and PSU Bank indices rose 1.2 percent each, while IT, pharma, FMCG and realty shed 0.5-1%.
After opening higher, Sensex and Nifty extended gains on hopes of further rate cut by the US Fed and a growing confidence over a potential US-China trade in the offing.
Benchmark indices Nifty 50 and Sensex settled higher by 0.7 percent each on October 27, as positive global cues lifted investor sentiment.
Dalal Street's frontline indices Nifty 50 and Sensex saw a positive open in trade on October 27, as positive global cues lifted investor sentiment.
GIFT Nifty hints at bullish start for Sensex and Nifty 50 on Monday amind easing U.S.–China trade tensions and Fed rate cut hopes.
BSE Midcap index added 0.7% and smallcap index rose 0.5%. SBI Life Insurance, Bharti Airtel, Reliance Industries, SBI, Eternal were among top gainers on the Nifty, while losers were Bharat Electronics, Kotak Mahindra Bank, Infosys, Adani Ports, Bajaj Finance. Except media, pharma, all other sectoral indices ended in the green with metal, PSU Bank, oil & gas, realty index up 1-2%.
Cipla, HUL, Adani Ports, Max Healthcare, UltraTech Cement were among top losers on the Nifty, while gainers were Hindalco, Bharti Airtel, ONGC, Shriram Finance, ICICI Bank.
Benchmark indices ended lower as profit-taking in banking and consumer stocks halted a six-session winning streak, with traders turning cautious amid uncertainties.
Indian equities opened flat on Friday, despite positive global cues, as investor sentiment turned cautious on October 24.