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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
Weekly options data also suggested the next resistance for the Nifty 50 at the 26,000 mark, with immediate support at 25,800.
State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories and Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC and NTPC.
Catch Nandita Khemka in conversation with Vikas Gupta--CEO & Chief Investment Strategist, OmniScience Capital and Rajesh Bhosale, Senior Technical and Derivative Analyst, Angel One
Third quarter earnings showed sector-level divergence where overall the good revenue growth for sectors such as financial services, industrials, healthcare, auto and business services, said Ashwini Shami.
Sensex, Nifty rose on positive sentiment from the India-U.S. trade deal's interim framework as well as strong global cues.
US AI stocks pull back, markets in risk on mode again. Can bulls take Nifty back to all time highs?
FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets.
The India-US trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest, noted experts.
Gold advanced above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals.
In the current week starting February 9, the market is expected to first react to the interim trade agreement disclosed by the US and India through a joint statement, along with the removal of additional tariffs on Indian goods.
State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories, Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC, NTPC. Nifty Midcap index rose 1.6% and smallcap index added 2.6%. All the sectoral indices ended in the green with media, consumer durables, realty, PSU Bank, pharma, healthcare, metal up 1-3%.
Experts expect the Nifty 50 to march toward the 25,800–26,000 zone, with crucial support placed at 25,500–25,450, below which bears may come into strong action.
Technically, the Nifty 50 is expected to face strong resistance in the 25,800–26,000 zone, as only above this level is a major upmove toward the previous week’s high possible. However, on the lower side, 25,500 is expected to be a crucial support, experts said.
Traders should refrain from aggressive dip-buying in IT stocks and consider using rallies toward resistance as opportunities to sell until momentum improves, Sudeep Shah said.
Dinshaw Irani doesn't expect the RBI to undertake any rate cuts in the next couple of meetings as even the previous rate cuts have not resulted in the G-Sec yields coming down.
During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.
The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6.
Ankita Pathak believes valuations remain high as compared to the EM basket and return of FPIs would be crucial for a based recovery of the market.
The weekly options data signalled a 25,500–25,800 range for the upcoming sessions, while the broader range for the Nifty 50 is seen at 25,000–26,000.
Nearly 100 stocks touched their 52-week lows, including Poly Medicure, Cyient, Hexaware Technologies, AAVAS Financier, Syngene International, Newgen Software, Happiest Minds, Vedant Fashions, Info Edge, Mankind Pharma, KPIT Technologies, P and G, among others.
Catch Lovisha Darad in conversation with Nilesh Jain, Head, Technical and Derivatives Research Analyst, Centrum Broking and Shridatta Bhandwaldar, CIO, Equities, Canara Robeco AMC
Sensex, Nifty staged a sharp recovery from lower levels after the RBI maintained its neutral policy stance and left key policy rates unchanged.
Sensex, Nifty were dragged down by sharp selling IT heavyweights amid weak trend in the US equities.
Market Braces For Tough Session Amid AI-Led Global Tech Rout | RBI Policy Today | Opening Bell Live
On February 5, foreign institutional investors (FIIs) remained net sellers, offloading equities worth ₹2,150 crore. In contrast, domestic institutional investors (DIIs) extended their buying streak for a fourth straight session, purchasing equities worth over ₹1,100 crore.
