Nifty breaks below 24,200 amid heightened volatility .Near 200 point cut on Nifty; Sensex down over 500 points .Bank Nifty holds out amid weakness.Breadth tilted in favour of losers; VIX rises over 2% . Mid & smallcaps outperform benchmarks. IT, metals, realty & oil & gas among top laggards . Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar including BSE and Pidilite #stockmarket, #sharemarket #nifty #sensex #marketclosing
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The market recouped most of its losses from the day's lows and closed a rangebound session marginally lower. But if the Nifty manages to sustain 24,300-24,100 area, then 24,500 is the level to watch in the coming sessions, while 24,000 is likely to act as a crucial support. In terms of handover from Wall Street , we saw the S&P 500 post its worst day since April after US CPI seemed to have moderated in June. Japan's Nikkei has also retreated from all-time highs and the Gift Nifty is indicating a muted start for Indian markets. HCL Tech & IREDA, will post their Q1 earnings. Vodafone, Adani Wilmar and RCF are other stocks on our radar. Moneycontrol's Stacy Pereira speaks with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Aditya Sood, Fund Manager, InCred Asset Management on Opening Bell.
The stock markets witnessed another day of record highs with the Nifty and Sensex indices continuing their upward trajectory. The Nifty index is now just 150 points away from the significant 24,000 mark. Nifty Bank also reached a fresh high, eyeing the 53,000 milestone. However, the midcap segment underperformed for the second consecutive day. Reliance Industries Limited (RIL) emerged as the biggest contributor to the Nifty's rise, hitting its lifetime high. Sectors such as FMCG, PSU banks, and energy were among the top gainers. Despite these gains, market breadth tilted in favor of losers, indicating a mixed sentiment among investors. Watch Closing Bell with Nandita Khemka and Yatin Mota.
The Sensex has reached an unprecedented milestone, hitting 78,000 for the first time. Meanwhile, the Nifty index has scaled a new high, edging past 23,700. In contrast, the broader markets are experiencing a pause. The Nifty Midcap Index, after reaching a fresh high, has reversed its direction. The India VIX continues to strengthen, inching closer to 15, indicating increasing market volatility. Market breadth is leaning towards more losers than gainers. The Nifty Bank Index has surged to 52,000, recording an 800-point rally. Sectors such as auto, FMCG, metals, and realty are taking a breather. On the expiry day, Nifty Financial Services has gained nearly 2 percent. Catch Moneycontrol's Nandita Khemka in conversation with Ruchit Jain, Lead Research Analyst at 5Paisa.
The Nifty experienced high volatility, plunging over 200 points intraday after reaching a new peak. Despite mid and small-cap stocks reversing gains, they outperformed on a weekly basis. The advance-decline ratio favored losers, with most sectors trading at a loss except IT and metals. FMCG and PSU banks were the top laggards, while Nifty Bank and Nifty IT rose over 3% and 2% for the week, respectively. Nandita Khemka & Yatin Mota discuss stocks in trade today on Closing Bell
The Nifty 50 closed below 22,500 for the first time since May 17. The market fell below multiple supports and closed nearly a percent lower on May Series Expiry Day. Across on Wall street, Nasdaq tumbled over a percent, Asian markets are trading mixed. All eyes will be on macro cues like India's GDP data which will be released by NSO at 5:30 pm. Meanwhile, Stocks in focus will be Apollo hospital, Muthoot Finance & Jio Financials. Moneycontrol's Stacy Pereira speaks Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Dhiraj Reli, MD & CEO, HDFC Securities on Opening Bell.
The market remains weak ahead of election results, Nifty closed below 22,800 in the previous session. Financials were the biggest drag with ICICI, HDFC Bank among the top losers. This correction may continue till the election result is what most experts believe. Stocks in focus today will be Tata Steel, Cummins, Mazagon Docks reacting to their Q4 numbers, whereas banking stocks will take centrestage after the S&P upgrade. Moneycontrol's Stacy Pereira speaks with Chandan Taparia, Senior Vice President, Head - Derivatives & Technical Research at Motilal Oswal and Market Expert, Anshul Saigal on Opening Bell.
Markets cooled off again during day's end, Nifty ended in red below 22,900. Nifty Midcap snapped its 12-session gaining streak. It is likely to expect more correction at least for the next 2 weeks. As far as Global cues are concerned, US markets closed mixed but Nasdaq crossed 17k for the first time. Asian markets are also trading under pressure while Gift Nifty indicates a muted start. Stocks in focus are Tata Steel and Hindlaco. Also, watch out for earnings reaction to IRCTC, Bata India, Mazgaon Docks among others. Moneycontrol's Stacy Pereira speaks Ajit Mishra, Technical Research at Religare Broking and Siddhartha Khemka, Head of Retail Research, Broking & Distribution at MOFSL on Opening Bell.
The bear attack in the last hour of trade and a further spike in volatility show that bulls have reached a point of exhaustion. Experts believe the index will likely be rangebound with resistance at 23,100-23,200 and support at 22,800 in the coming sessions. Handover from global markets seems strong with Gift Nifty indicating a positive start for Indian equities. Among the stocks in focus will be LIC and IRCTC. Moneycontrol's Stacy Pereira speaks with Ruchit Jain, Lead Research Analyst at 5Paisa and Market Expert Prakash Diwan on Opening Bell.
After a brief touch and go with 23,000, and a fresh all-time high, can we thread upwards? Most experts believe going forward, 23,000 is expected to play a crucial role in the index's journey. However, on the lower side, 22,800 is likely to act as support. Many macros to be looking at this week: from Auto sales data to Q4 GDP estimates in India and US. And of course the exit poll data on June 1st and we conclude polling for the general elections. Among those declaring their earnings today are NMDC and LIC. Moneycontrol's Stacy Pereira speaks with Kunal Rambhia Fund Manager at The Streets and Hement Shah, Fund Manager at Seven Islands PMS on Opening Bell.
Equity benchmark indices displayed volatility in Friday's trading session, as benchmark indices traded near record high levels, while global markets were jittery on account of fears of a delay in the interest rate cuts in the US. The S&P BSE Sensex opened in red at 75,335, and soon dipped to a low of 75,244. The BSE index, thereafter, recovered and bounced back into the positive zone to touch a high of 75,582. Catch Yatin Mota in conversation with Kush Bohra ,Founder, kushbohra.com as they discuss stocks on their radar including telecom sector.
The technical setup looks stronger with the Nifty trading above all key moving averages and having touched fresh all-time highs. The Bank Nifty outperformed the Nifty 50, rising 987 points or 2.06%. Across the globe, US markets hit new record highs as Nvidia rallies. Although the GIFT Nifty is down. We are likely to witness a rejig of stocks in the Sensex. Adani Enterprises is set to replace Wipro in Sensex, this is the first Adani Group stock to enter the benchmark. Among stocks in focus today will be ITC & interglobe aviation reacting to its earnings. Moneycontrol's Stacy Pereira speaks with Aamar Deo Singh, Sr Vice President at Angelone and Anirudh Garg, Partner and Head of Research at Invasset, PMS on Opening Bell.
Nifty and Sensex, key stock market indices in India, traded on a firm note, led by gains in index heavyweights. Banks were the best sectoral performers in today's trade. Catch Yatin Mota as he discusses stocks on his radar including Vedanta
Nifty is likely to consolidate and remain rangebound until it decisively surpasses the 22,600 level, as it currently still hovering around this important support level. As for the handover, reacting to Fed minutes, US stocks closed lower as well as oil prices tumbled. But Nvidia Corp's shares rose over 4% in the extended trading after the megacap chipmaker forecast quarterly revenue above estimates. Stocks in focus: Power Grid, Nykaa, Gland Pharma, reacting to their earnings. Whereas reporting their earnings will be ITC, InterGlobe Aviation, and Honasa Consumer the parent of Mamaearth. Moneycontrol's Stacy Pereira speaks with Ajit Mishra SVP, Technical Research, Religare Broking and Sandip Agarwal Fund Manager, Sowilo Investment Managers on Opening Bell.
Indian benchmark indices ended mixed in the volatile session. Top Nifty losers were Nestle, Hero MotoCorp, ICICI Bank, IndusInd Bank and Maruti Suzuki, while gainers included Hindalco Industries, Coal India, JSW Steel, Tata Steel and Adani Ports. Among sectors, metal index up 4 percent, power index up 2 percent, PSU Bank index up 1.5 percent, while FMCG down 0.4 percent. The BSE midcap index up 0.4 percent while smallcap index down 0.2 percent. Watch here for more details
Nifty traded above 22,500 in the special Saturday trading session. HAL hit record highs, while Nestle saw stellar gains on the back of its results, JSW Steel was among the top losers in trade post its earnings. All sectors ended the first special trading session in the green, with capital goods and media leading from the up, each up over 1%. Metals, PSU banks, Pharma and Realty also posted decent gains. Catch this edition of Closing Bell with Moneycontrol's Stacy Periera and Aamar Deo Singh-Sr Vice President at Angelone.
Equity markets are trading this saturday. The special trading session is being held to check the preparedness of market intermediaries in case of a major disruption or failure of the primary site. Trading will occur in two sessions—first, from 9:15 am to 10:00 am, and second from 11:30 am to 12:30 pm. Traders will be allowed to place only delivery trades, with no intraday trading permitted. Additionally, new positions cannot be placed through the margin trading facility, according to the exchnages. The previous special trading session was held on 2nd March.. The last three times when the markets were trading on Saturday.. we saw fairly muted trade with indices remaining in a tight range and stock-specific action due to individual news flows and actions.
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Indian equity market saw a last hour pop that sent the Nifty above the 22,400 mark. Considering the solid recovery from the day's low in the last hour of trade as well as decisively surpassing 22,300 levels on May 16, the market seems to have turned strong after a day of consolidation. The Nifty 50 is likely to be headed towards 22,500-22,600 levels provided 22,300 acts as a support in the coming sessions, experts said. Overnight, Wall Street ended off session highs but the Dow hit the 40,000 milestone for the first time in intra-day trade. The GIFT Nifty, meanwhile, is hinting at a muted but positive start for the Indian market. Among stocks in news watch out for Vedanta, PB Fintech and Biocon among others. Catch Nandita Khemka decode the cues for trade with Jay Thakkar, Head Derivatives and Quant Research, ICICI Securities and Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP.
Indian equity market is expected to remain in consolidation mode unless and until it decisively surpasses 22,300, the key hurdle for the Nifty 50, in the coming sessions, but the mood at broader markets remain strong. The index is likely to march towards 22,500-22,600 area if it gives a strong close above 22,300 and manages to sustain above the same for few more days, while the 22,000 is going to be key support area and is unlikely to get broken in an immediate term, experts said. On May 15, the BSE Sensex ended the volatile session on a negative note, falling 118 points to 72,987, while the Nifty 50 was down 17 points at 22,201. Both the indices had maintained upward journey in the previous three straight sessions. Meanwhile, on the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 0.6 percent respectively on positive breadth. This morning GIFT Nifty is hinting at a strong up move today. M&M & HAL will report earnings today. Catch Nandita Khemka decode the cues for trade with Siddarth Bhamre, head of research, Asit C Mehta Investment Intermediates and Vaishali Parekh, vice president, technical research, Prabhudas Lilladher.
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Indian equity market is poised for a fourth straight day of gains. The GIFT Nifty is trading higher amid strong global cues. The momentum, which has picked up pace, especially after hitting the low around 21,800 and continued for three days in a row, is expected to be seen in the coming sessions too. The Nifty 50 inched closer to 22,300 on May 14 and the same is expected to be a hurdle on the higher side as closing above the same can take the index to 22,400-22,500, with support at 22,100-22,000 levels, experts said. On May 14, the BSE Sensex rallied 328 points to 73,105, while the Nifty 50 rose 114 points to 22,218. The broader markets outperformed the benchmark indices as the Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 2 percent respectively. Among stocks in news watch out for Cipla, Bharti Airtel and stocks that have made it to the MSCI India index. Two new listings today – Aadhar Housing and TBO Tek. Meanwhile Virat Kohli-backed Go Digit’s IPO kicks off for subscription. Catch Nandita Khemka decode the cues for trade with Rajesh Palviya, Senior VP-Research-Head Technical & Derivatives, Axis Securities and Mayuresh Joshi, Head of Equity Research, William O’Neil India.
Indian equity market managed to close above the crucial 22,000 mark on Friday but for the week we saw a 2% cut on benchmark indices. Experts feel that as long as the Nifty holds 21,900 the consolidation will continue and the index may face resistance at 22,200-22,300 levels, but the breaking of 21,900 can drag it towards 21,775, the low of April month. On May 10, the BSE Sensex climbed 260 points to 72,665, while the Nifty 50 rose 98 points to 22,055. Meanwhile, the elevated volatility also seems to be keeping the bears in action against bulls. India VIX, the fear gauge, rallied 81 percent in the past 12 consecutive sessions, to 18.47 levels, the highest closing level since October 13. This morning the GIFT Nifty indicates a negative start for the Indian market. Among stocks in news watch out for Tata Motors, Eicher Motors, Zomato, Varun Beverages among others. Indegene will make its stock market debut. Catch Nandita Khemka decode the cues for trade with Prashant Sawant-Founder Catalyst Wealth and Sunil Subramaniam, MD & CEO, Sundaram Mutual.
Indian equity market saw a sharp selloff yesterdaywith the Nifty crashing below the key 22,000 mark. Experts say the Nifty 50 is likely to see further correction up to 21,800-21,750 levels (which coincides around 100-day EMA (exponential moving average) and the low of April month, in the coming sessions, and if those levels get broken, then 21,500 is the next level to watch on the downside, but if it manages to hold those levels, then the index may face hurdle at around 22,100-22,200 levels. This morning GIFT Nifty is signalling a mild bounceback and the global cues are looking pretty strong. The broader markets saw deeper cuts with breadth extremely poor. Will the indices see further selloff or will buying support come in at lower levels? Among stocks in focus watch out for Tata Motors, Eicher Motors, Cipla & BPCL among others. Catch Nandita Khemka decode the cues for trade with Raja Venkatraman, Co-Founder NeoTrader and Daljit Singh Kohli-- head of Research & Strategy at Vasuki India Fund.