Persistent foreign portfolio outflows, potential impact of US tariffs and stretched valuations are being cited as some of the reasons behind Indian stock markets' underperformance.
On September 1, all sectoral indices, expect FMCG, were trading in the green with IT stocks leading the gains.
The weak market sentiment will likely continue as long as Nifty remains below 24,600 and Sensex below 80,600, said an analyst
Hindustan Zinc, Mazagon Dock, Siemens Energy and Solar Industries are set to join the Nifty Next 50 index during this reshuffle.
According to LSEG IBES data, forward 12-month earnings estimates for India's large and mid-cap firms have been cut by 1.2% in the past two weeks, the sharpest in Asia
In the most recent fund manager survey, 30% said they are underweight on India, followed by 20% for Thailand and 10% for Malaysia
Yesterday's intraday pullback and strong close indicate possible short-term momentum building up for the sessions ahead
Nuvama said that BSE has zero probability of being included in the Nifty 50 in the September 2025 review, no chance of joining Nifty Next 50 either.
SEBI alleges that Jane Street manipulated key Indian indices using high-frequency trades to book massive profits from index options.
Nuvama said that BSE has zero probability of being included in the Nifty 50 in the September 2025 review, no chance of joining Nifty Next 50 either.
Since 2009, Nifty has had a positive close in July on 75 percent of the occasions, making it the month with the best chance of ending with gains, if only looks at the data for last 16 years.
Sensex and Nifty 50 slipped over one percent each from the day's high, as tensions in the Middle East bubbled up again.
The Nifty 50 index is reshuffled twice every year, based on six-month data ending January 31 and July 31, and the changes to the index are made in March and September.
Despite the threat of a spiralling of conflict in the middle east this month, the India Vix has still not crossed the highs seen on June 13, the day when Israel began military action on Iran's defence and nuclear infrastructure.
The gauge is 4.6% away from its peak set in September and the central bank’s jumbo rate cut Friday is further raising expectations of a record-breaking surge.
Nifty 50 is likely to continue its ongoing consolidation phase, remaining within that key 24,000 to 25,000 range until fresh triggers emerge.
Sonthalia cautioned that while the recent surge in defense stocks, partly fueled by emergency procurement under 'Operation Sindoor', has created momentum, valuations remain frothy. 'The narrative is strong, but fundamentals need to catch up,' he said.
Kotak Institutional Equities said large-caps are likely to stay range-bound over the next few months, given the lofty valuations across the markets, low consumption and global tensions.
The market's valuations have stayed at high levels across stocks and sectors, despite earnings downgrades, said Kotak Institutional Equities.
While upbeat on India’s structural growth prospects, BofA Securities maintains a cautious near-term stance due to global macro risks and a fully priced-in Nifty 50 at 25,000.
After trimming their holdings towards mid- and small-cap stocks in the March quarter, retail investors saw a sharp rise in the share of Nifty 50 stocks in their portfolio.
India Inc.’s March-quarter earnings drew mixed reactions, with Motilal Oswal citing broad-based beats and Emkay Global calling the performance largely in-line. W
Nifty 50 for the month of May is already higher by 1.75 percent, after a 6.3 percent rally in March and a 3.5 percent upmove in April. This will also mark a third positive monthly close for Indian equity indices after five months of decline.
PL Capital noted that while the correction was broad-based and valuation-led, the rebound has been rotational and grounded in earnings.
The GIFT Nifty index was trading on a lacklustre note on Thursday, May 15, implying a weak start for the benchmark indices Nifty 50 and Sensex.