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
A further 5% correction cannot be ruled out if crude prices spike sharply or if global risk appetite weakens. Equity markets tend to react quickly to geopolitical uncertainty, especially when oil volatility influences inflation and currency movements simultaneously, said INVasset PMS' Anirudh Garg.
The current environment is admittedly clouded by uncertainty — the US-Iran conflict and the ongoing debate around AI's economic impact are creating visible headwinds for market sentiment, said Narnolia's Shailendra Kumar.
FII flows will be vulnerable to these developments like geopolitical tensions, which means EMs markets could see further pressure in short term, said Ankur Jhaveri of JM Financial.
Experts expect a gap-down market opening on March 2, with the Nifty 50 likely breaking the psychological 25,000 zone, followed by a move toward the 24,850 support (the long upward-sloping support trendline).
The momentum indicators maintained a sell signal, and the bears received a further boost from intensified US-Iran tensions, both of which hint at a sharp gap-down opening for the market on March 2.
On Monday, the market is expected to see a gap-down opening following the Middle East tensions, while auto stocks will react to the February numbers announced on March 1. In the truncated week ahead, selling pressure may widen only if there are major oil and gas supply concerns, as that would increase trade costs and impact inflation and the fiscal deficit.
Nifty’s near-term trajectory remains downward-biased and highly news-driven. A contained conflict with limited disruption to oil flows could see the index stabilise around current levels or stage a relief bounce.
There can be delays in private capex as capex expansion depends on many factors such as demand uncertainty due to tariffs, and raw materials prices fluctuations, said Alpha Capital’s Pankaj Kumar.
Bay Capital's Nikunj Doshi believes that current phase of market provides opportunities for identifying long-term investments. USD and Gold are considered best hedges against global volatility and will continue to remain strong as long as geopolitical tensions remain high.
The weekly options data suggest that 25,000, where the maximum Put open interest is placed, is expected to act as key short-term support, while resistance is seen at 25,400–25,500, which holds the maximum Call open interest.
Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
Catch Nandita Khemka in conversation with Anand K Rathi, Co-Founder, MIRA Money and Jay Thakkar, Head Derivatives and Quant Research, ICICI Securities
Sensex, Nifty declined as a U.S. tech selloff and subdued Asian cues kept sentiment subdued.
Overall, outlook remains negative for the next 12–18 months, given the lack of visibility on any sustainable near-term catalysts, said Nitin Bhasin of Ambit.
Nifty May Snap 2-Day Gains As Wall Street Slips Again Amid AI-Led Weakness | Opening Bell Live
Asian currencies were trading mostly lower in early trade on Friday with Taiwan Dollar leading the losers followed by South Korean Won, Philippines Peso, Singapore Dollar, Malaysian Ringgit.
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
The Nifty 50 has been taking support at 25,400 on a closing basis since last week; hence, falling decisively below it can take the index down toward 25,250 (200-day EMA) in upcoming sessions. However, the 25,600–25,650 zone is acting as a hurdle, which needs to be convincingly surpassed for a move toward 25,900–26,000.
If the Nifty 50 decisively breaks below the 25,400–25,350 levels, further weakness toward 25,250 and 25,000 cannot be ruled out in the upcoming sessions. However, the immediate resistance is placed in the 25,600–25,650 zone, and only a convincing trade above this range may bring the bulls back, according to experts.
The markets opened higher but pared gains as the day progressed amid persistent sell-on-rise trends, a pattern seen in recent sessions as well.
Analysts said the Nifty needs to decisively move out of the 25,300–25,600 band to establish a clear directional trend.
After a gap-up start, the market traded in a narrow range through the day, with the Nifty slipping to an intraday low of 25,400 amid intermittent selling pressure
Indian equity markets turned volatile with the Sensex tumbling over 400 points from the day’s high and the Nifty slipping nearly 100 points. Broader markets remained mixed as smallcaps saw selling pressure. While Realty and FMCG stocks stayed under stress, the Nifty Pharma index extended gains for the fifth straight session. IT stocks also attracted buying interest for the second consecutive day. Catch Lovisha Darad in conversation with market expert Anshul Saigal and Nilesh Jain, Head VP – Derivative and Technical Research at Centrum Broking Ltd, for detailed market insights and strategy.
Sensex, Nifty pared early gains as a rise in crude oil prices and weak global cues weighed on investor sentiments.
Sensex, Nifty extended thier rise in Thursday's session, driven by gains in IT shares after robust Nvidia earnings.