Nifty is a market index that was introduced by the National Stock Exchange in April 1996. It’s a blend of two words-National Stock Exchange (NSE) and Fifty. It is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.It is one of the two main stock indices used in India, the other being the BSE SENSEX. The base value of the index has been set at 1000 and the base capital of Rs 2.06 trillion. It was initially calculated on a full market capitalization methodology but in 2009 the computation was changed to a free float methodology. The base period for the NIFTY 50 index is November 3 1995, which marked the completion of one year of operations of the National Stock Exchange Equity Market Segment. Nifty 50 index has shaped up to be the largest consisting of exchange-traded funds (onshore and offshore) and exchange-traded options at NSE. It is the world’s most actively traded contract. As of April 2021, the index covers 13 sectors of the Indian Economy and offers investment managers exposure to the Indian market in one portfolio. It also has sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Auto, NIFTY Pharma etc. More
Experts expect the Nifty 50 to rebound in the upcoming session, with an immediate hurdle at 23,000, followed by 23,200. However, the sustainability of any such rally will be key to watch, given the overall bearish setup.
US stock futures also pared losses and jumped up to 2 percent higher after Trump’s remarks.
All the sectoral indices ended in the red with realty, capital goods, consumer durables, metal, telecom, PSU Bank shed 4-5%, while auto, energy, media, private bank, oil & gas down 3% each.
Watch Sushil Kedia shares exclusive market insights on Nifty, smallcaps, gold, silver, and global trends. Get ready for the next big rally! Tune in to Centre Point with Surabhi Upadhyay.
Analysts said the lack of clarity on the duration and outcome of the conflict has kept markets on edge.
On the BSE, the shares of the company were listed at Rs 466 per share, a discount of 10.21 percent.
BSE-listed firms lost a total market capitalization of Rs 15-lakh crore.
Oil prices spike to $112 after Trump’s 48-hour ultimatum to Iran over Hormuz, raising global inflation fears. US markets slump, with the S&P 500 hitting a 6-month low and Nasdaq nearing correction territory. Asian markets weaken, and GIFT Nifty hints at a soft start for Indian indices. Despite global cues, Sensex and Nifty saw a strong rebound last session, led by metals, IT, and PSU banks. Tune in for today’s Opening Bell and key levels to watch.
Biggest Nifty losers were Shriram Finance, Interglobe Aviation, UltraTech Cement, Adani Enterprises, Jio Financial, while gainers were HCL Technologies, Tech Mahindra, ONGC, Power Grid Corp, TCS. All the sectoral indices ended in the red with realty, capital goods, consumer durables, metal, telecom, PSU Bank shed 4-5%, while auto, energy, media, private bank, oil & gas down 3% each.
Gold fell sharply and was close to wiping out this year’s gains, as the war in the Middle East entered its fourth week and the US and Iran traded threats of new attacks.
In the near term, risk-off sentiment can persist simply because visibility is low. Markets are still trying to assess whether this is a contained disruption or something more prolonged, said Marcellus' Arindam Mandal.
If Nifty 50 decisively breaks previous week's low, a fall towards 22,700 cannot be ruled out; however, 23,400 can act as a resistance zone.
According to experts, 22,900 is expected to be the immediate key support for Nifty in upcoming sessions, as a decisive break below it can drag the index down to 22,700. However, in case of a bounce, the 23,200–23,400 zone can act as resistance, followed by 23,500 as the key hurdle.
Sensex, Nifty are set to witness a holiday-shortened trading week, with markets remaining closed on Thursday on account of Shri Ram Navami.
On the charts, Nifty faces strong resistance at 23,345–23,380, and until this zone is decisively breached alongside improvement in FII positioning, the broader undertone is likely to remain cautious with a sell-on-rise approach, said Sudeep Shah.
Overall, RBI MPC's stance is likely to be ‘pause with readiness to act’, rather than any immediate shift towards easing, said ALF Accurate's Rajesh Kothari.
Sectoral performance remained mixed in this week, with Nifty Private Bank, Pharma, Healthcare, Realty, FMCG. Oil & Gas and Defence indices declining in the range of 1-2.4 percent, while Nifty Auto, Metal, PSU Bank, IT indices gained between 0.4-2 percent.
Markets are clearly in an uncertain frame given the breakout of hostilities in Iran. What is most critical from an India point of view is the “new normal” for crude, said Jitendra Sriram of Baroda BNP Paribas Mutual Fund.
Foreign Institutional Investors (FIIs) continued their selling on fifth consecutive week as they sold equities worth -29,897.67 crore.
Except media, private bank, realty, all other sectoral indices ended in the green with telecom, IT, metal, pharma, PSU Bank up 1-2%.
Markets have come sharply off the day’s highs, with the Sensex down 600 points from the top and the Nifty slipping 200 points from its peak to fall below the 23,100 mark. The Bank Nifty has also turned negative, losing 950 points from the day’s high, while the smallcap index is off 200 points from its top levels. Even as headline indices see pressure, the broader markets continue to hold in the green, led by gains in midcap stocks. On the sectoral front, IT, pharma and PSU banks are emerging as the top gainers, while realty and financial stocks remain under pressure, dragging the market lower.
Sensex, Nifty rebounded as oil prices eased, offering some relief to domestic markets.
sian markets largely decline after volatile session on Wall Street US futures rise mildly after a weak Thursday session on Wall Street Dow Jones falls 0.4%, S&P 500 & NASDAQ declines 0.2% each All major averages on Wall Street on track to register 4th losing week in a row US 2-year treasury yield jumps 6 bps to 3.8%; 10-year yield at 4.26% Precious metals selloff: Gold falls 3% to $4,654; silver slides 3% to $72 Oil prices fall on Bessent's comments that US may free up stranded Iranian crude Brent crude falls to $105/barrel; WTI Crude at $92 GIFT Nifty indicates positive start for Indian markets