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<ul><li>The Indian stock indices opened flat on Thursday, a day after Trump’s victory.</li><li>FIIs continued to remain net sellers in the Indian market in November.</li><li>The <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index opened flat at 24,489.60 points, while the <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> index was down to 80,248.60 points</li></ul>Indian stock markets opened flat with a marginal dip on Thursday after Donald Trump's victory, while FIIs continued to remain net sellers in Indian markets. The Nifty 50 index opened flat at 24,489.60 points, while the BSE Sensex index was down marginally by 0.16% during early trade to 80,248.60 points. Experts noted that global markets supported Trump's victory on Wednesday, and his success in the elections is expected to be more potentially transformative than initially thought. However, his decisions could have both positive and negative impacts on different sectors. "The Trump victory is turning out to be more potentially transformative than thought earlier. With the Congress and the Senate coming under Republican control and President Trump exercising power without bothering about another term in office, hugely transformational decisions are possible in the months following Trump's assumption of office. These decisions may turn out to be both good and bad" said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. "His pro-business initiative of 'America First' can strengthen the American economy. But if he walks his talk and imposes a 60% tariff on Chinese imports and a 10 to 20% tariff on imports from other countries, that would trigger inflation and jeopardise the Fed's policy of containing inflation, necessitating a rethink of the Fed's present policy of rate cut. This has the potential to negatively impact global stock markets,” Vijayakumar added. In the sectoral indices, a mixed performance was seen on the National Stock Exchange, with Nifty Auto, Nifty Pharma, Nifty IT, and Nifty FMCG gaining, while Nifty Bank, Nifty Metal, and Nifty Private Bank declined. In the quarterly announcements today, Mahindra &amp; Mahindra, Trent, Rail Vikas Nigam, Linde India, Lupin, NHPC, and Aditya Birla Fashion &amp; Retail are some of the major companies set to announce their second-quarter financial performance. In other Asian markets on Thursday, Japan's Nikkei index was down marginally by 0.4%, while Hong Kong's Hang Seng gained 0.68%. Taiwan's weighted index also rose by 1.07%, and South Korea's KOSPI index was up by 0.41%. In China, the Shanghai Composite also gained 0.75% after Trump's return. U.S. markets on Wednesday rallied on Trump's victory, with the S&amp;P 500 and Nasdaq indices both surging more than 2%. “US is the largest market for India's $254 bn tech sector where its overall contribution is $80 bn to US GDP. Importantly, the industry plays a key role in supporting US companies in strengthening the US economy. Conversely, India is a prime destination for American businesses, with over 1,000 U.S. companies that are driving innovation and leveraging India’s digital infrastructure to create competitive solutions,” said Indian trade body Nasscom in a statement. With inputs from ANI. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/skoda-kylaq-suv-launched-in-india-starting-at-7-89-lakh/articleshow/115013668.cms">Skoda Kylaq SUV launched in India starting at ₹7.89 lakh</a> <a href="https://www.businessinsider.in/stock-market/webstories/swiggy-ipo-gmp-risk-factors-and-all-you-need-to-know/slidelist/115004939.cms">Swiggy IPO – GMP, risk factors and all you need to know</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-ipo-indias-biggest-telco-to-go-public-in-2025-retail-ipo-further-away/articleshow/114944496.cms">Reliance Jio IPO – India’s biggest telco to go public in 2025, retail IPO further away</a>

Nifty and Sensex continue downward trend, selling continues despite Trump's victory

Indian banks are expected to have steady growth in earnings and returns over the next 3–4 years, according to a recent report by Jefferies. It expects a 13% compound annual growth rate (CAGR) in loan growth for banks between FY24 and FY27, helmed by a supportive environment and expected adjustments in interest rates. "We expect steady growth in earnings and stable returns, Over FY24-27, the banks we cover should see 13% CAGRin loans We factor 25-50 bps cut in rates, &amp; depending on timing, NIMs will move," the report said. Depending on the timing, these rate cuts could impact banks' <keyword id="20076541" type="General" weightage="20" keywordseo="net-interest-margins" source="keywords">net interest margins</keyword> (NIMs), which measure the difference between interest income generated and interest paid to depositors. The report also notes that banks' net interest income (NII), a critical metric that is reflective of how much a bank earns from its lending, could grow at a steady 12% CAGR, which would support overall earnings growth. <h2>Rate cuts probable next year</h2>Per SBI Mutual Fund's monthly outlook for November 2024, while markets were initially speculating possible rate reductions in December this year or February next year these chances now stand dampened due to two reasons. First, elevated CPI numbers in September, which stood at a nine-month high, underlined the stickiness of food inflation. Secondly, RBI governor Das recently highlighted his hawkish stance at a conference, stating that "rate cuts at this stage would be premature and risky’. The report further adds that February 2025, or even April, would be a better time to discuss repo rate cuts in India. Even <keyword id="19985925" type="General" weightage="20" keywordseo="bank-credit-growth" source="keywords">bank credit growth</keyword> has continued to outpace deposit growth for two years now. However, they seem to be inching closer in the recent past. For instance, in October 2024, while bank credit growth remained at 12.7%, the deposit growth rate followed closely at 11.8%. This also means that banks are witnessing an elevated bank credit-to-deposit ratio, standing at 77% in October. <h2>Risks in unsecured lending </h2>However, Jefferies noted some areas of caution that could influence growth in other revenue streams, particularly fees. Growth in fees may be at risk due to expected declines in the disbursal of unsecured loans, which generally carry higher interest rates and generate higher fees for banks. October saw stress and defaults rising in the unsecured lending space, prompting the RBI to intervene. As a result, unsecured loans by banks have only grown by 12.1%, the lowest since the pandemic. Despite these risks, the report expects banks' return on assets (ROA) and return on equity (ROE) to remain healthy, underscoring the sector's stable profitability potential. The report also highlights that while the Nifty Banks index has risen by 19% over the past year, it has still underperformed the broader Nifty index, which delivered 27% returns in the same period. BSE Bankex has been along similar lines, generating returns worth 19% over one year. While the Nifty banks' index has a YTD (yield to date) of 7.63%, it continues to trail Nifty's YTD of 11.30%

Indian banks to have steady growth in earning over next 3-4 years, fees from unsecured lending may dip, notes Jefferies report

Indian <keyword id="20020567" type="General" weightage="20" keywordseo="equity-benchmarks" source="keywords">equity benchmarks</keyword> on Thursday closed on a strong note with the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> around 25,150 after touching a fresh lifetime high. The <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword>, at the close of today's <keyword id="20114014" type="General" weightage="20" keywordseo="trading" source="keywords">trading</keyword>, ended at 82,134.61, up 349.05 points. During the trading hours today, the Nifty touched its record high at 25,174.55 and the Sensex rose to 82,220.68. Both the benchmarks closed near their <keyword id="19919943" type="General" weightage="20" keywordseo="record-highs" source="keywords">record highs</keyword>, with the <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> advancing for the 12th consecutive session. Key movers on the NSE Nifty 50 included Tata Motors, Bajaj Finserv, Britannia Industries, Bajaj Finance, and BPCL. At the same time, laggards were Grasim, Mahindra &amp; Mahindra, Dr Reddy's Laboratories, JSW Steel, and HDFC Life Insurance. The Nifty Midcap and <keyword id="19908884" type="General" weightage="20" keywordseo="smallcap" source="keywords">Smallcap</keyword> indices fell for the second session, while the Nifty Auto and FMCG indices reversed their two-session losing streaks, driven by gains in Tata Motors, Britannia, and ITC. Conversely, the Nifty Metal sector declined for the third consecutive session, led down by <keyword id="20108985" type="General" weightage="20" keywordseo="hindustan-zinc" source="keywords">Hindustan Zinc</keyword> and JSW Steel. The Nifty Pharma, despite hitting a record high, ended in the red. The <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>' 47th AGM drew significant attention from the market, with Mukesh Ambannouncing Rs 75,000 crore investment in New Energy. The company has also announced that it will consider a 1:1 bonus at the board meeting scheduled on September 5. As a result of the announcements, the company shares upped by 1.55 per cent after the close of the market. "The monthly expiry day was a roller-coaster ride for participants, ultimately ending on a positive note. Nifty started flat but gradually moved higher in the first half. However, sharp swings in the latter half kept traders on their toes. Sector-wise, mixed trends persisted, with auto, FMCG, and energy emerging as the top gainers, while the pharma and metal sectors saw some profit-taking. The disappointment was the underperformance of the broader indices," said Ajit Mishra - SVP, Research, Religare Broking Ltd. observing today's market. "In the past six months, we've seen Nifty consistently breaking all-time highs, and I believe this rally still has room to run. While a short-term pullback is possible, the overall upward momentum is likely to continue, potentially pushing Nifty and Sensex to even higher levels," Vinnaayak Mehta, Founder &amp; Managing Partner The Infinity Group. Later this week, the markets will be reading the first quarter GDP data which is scheduled on Friday. The Reserve Bank of India, in its latest monetary policy meeting, projected GDP growth for 2024-25 at 7.2 per cent, with growth for Q1 expected at 7.1 per cent. India's GDP grew by an impressive 8.2 per cent during the financial year 2023-24, continuing to be the fastest-growing major economy.

Sensex, Nifty close near their record highs on Wednesday

Mumbai: The <keyword id="20459350" type="General" weightage="100" keywordseo="Indian-stock-markets" source="keywords">Indian stock markets</keyword> opened flat on Tuesday amid the anticipations of profit-booking as the <keyword id="20275413" type="General" weightage="20" keywordseo="benchmark-indices" source="keywords">benchmark indices</keyword> on Monday remained close to the lifetime highs. On Tuesday, the NSE <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> began 0.09 per cent higher at 25,032.50, and the <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> opened 0.08 per cent higher at 81,759.70. Among the sectoral stocks, buying was seen in the power, pharma, metal, IT, and media sectors. A selling trend is seen in telecom, auto and banking in the early hours of the trade on Tuesday. The top gainers on NSE are HCL Technologies, Apollo Hospitals, Dr Reddy's Laboratories, Larsen &amp; Toubro, and Cipla. The stocks of BPCL, Shriram Finance, Kotak Mahindra Bank, JSW Steel, and HDFC Life Insurance remained the top laggards during the initial trading hour. "There are both headwinds and tailwinds for the market now. Headwinds are coming from the escalation of the geopolitical tensions in the Middle East and Ukraine. Brent crude has shot up above USD 81. The strongest tailwind comes from the expected rate cuts by the Fed which will spill over to other central banks including the RBI. The Indian economy now needs monetary stimulus through rate cuts and this is likely in the next policy meeting," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. On Monday, domestic markets closed significantly higher, with the Sensex gaining 611.90 points, or 0.75 per cent, to finish at 81,698.11, and the Nifty 50 rising 187.45 points, or 0.76 per cent, to 25,010.60. The Nifty 50 formed a long bullish candlestick on the daily chart, indicating a potential breakout above previous resistance levels. Market later this week will be reading the first quarter GDP data which is scheduled on Friday. The Reserve Bank of India, in its latest monetary policy meeting, projected <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> for 2024-25 at 7.2 per cent, with growth for Q1 expected at 7.1 per cent, Q2 at 7.2 per cent, Q3 at 7.3 per cent, and Q4 at 7.2 per cent. India's GDP grew by an impressive 8.2 per cent during the financial year 2023-24, continuing to be the fastest-growing major economy.

Indian stock markets open flat amid the anticipations of profit booking

India's investment ecosystem is undergoing a seismic shift, with index investing gaining unprecedented traction among investors, according to a report by Motilal Oswal. The younger generation, including Gen Z and Millennials, shows a stronger inclination towards index funds as compared to older investors. They also prefer index funds over ETFs for better returns and liquidity. A recent report by Axis AMC also highlighted the growing appetite for ETFs, which witnessed net sales of Rs 15,403 crore in October 2024. While 46% of younger investors favor index funds, only 35% of Gen X and Boomers do so. Millennials and Gen X investors also have a keen interest in factor or smart beta funds, reflecting their appetite for innovative, albeit aggressive investment strategies. Passive funds have become a core component of investor portfolios, with 80% of investors increasing their allocation to these funds in 2024, compared to 53% last year. The Axis report echoed similar sentiments, noting that net sales in the passive category inched up to Rs 8,025 crore in October 2024. The combined assets under management (AUM) of passive funds have surged from Rs 7 lakh crore in September 2023 to over Rs 11 lakh crore by September 2024—a 1.5x growth in just one year. The survey also noted a growing popularity of ETFs, with 57% of respondents investing in them, up from 41% in 2023. Of these, 26% invest solely in ETFs, while 31% have diversified between ETFs and index funds. This rising preference is matched by a commitment to long-term investment. A significant 81% of investors plan to hold their passive investments for over three years, highlighting sustained confidence in the growth potential of these funds. Sectoral indices like Nifty IT and Nifty Bank dominate as the top choice for passive fund investors, selected by 67% of respondents. Benchmark indices such as the Nifty 50 and Nifty 500 follow closely, preferred by 61% of investors. A recent, similar report by stock broker Angel One also throws a spotlight on how young India plans and prefers mutual funds when it comes to savings and investments. The report, titled "Young Indians' Saving Habits Outlook 2024," compiled by Fin One, stated that 45% of respondents aged 22-35 have made it a point to save up some of their savings in mutual funds. A year ago, this figure stood at just 32%. Most of these investors make their way into mutual funds via SIPs, or systematic investment plans. 52% of respondents in the age cohort of 22-35 are now using SIPs to invest in mutual funds, up from 44% in the previous year. As for what was the driving factor behind beginning their investment journey, 42% underlined the past performance of funds, while 38% noted that advice from financial advisors remained a key consideration. 38% of young Indians are now increasingly focusing on building an emergency corpus, compared to 28% the year before. This shift underscores the drastic change in financial sensibilities brought forth by the pandemic and the consequent desire for greater financial resilience. In fact, approximately 4 out of every 5 surveyed investors maintained a dedicated, separate savings account. Out of the 1,650 individuals studied under the FinOne survey, a staggering majority made their first foray into the stock market in their early twenties. Nearly 2 in every 5 investors pick stock as their preferred choice of investment, followed by mutual funds and then savings bank accounts. While 45% of those surveyed picked stocks as their chosen investment avenue, 20% preferred mutual funds, and 15% wanted to keep their money in a savings bank account.

Gen Z and Millennials prefer stocks and mutual funds; index funds trump over ETFs, say recent reports

Mumbai (Maharashtra) [India], July 11 (ANI): Indian <keyword id="19900617" type="General" weightage="100" keywordseo="stock-markets" source="keywords">stock markets</keyword> followed the rally of Asian markets and began Thursday's trading session with gains. The <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index opened at 24,396.55, gaining 67 points at the opening, while the <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> sustained positive momentum, opening at 80,170 with a gain of 230 points. In the broader market on the NSE, all indices started trading on a positive note, with <keyword id="22368474" type="General" weightage="20" keywordseo="nifty-small-cap" source="keywords">Nifty Small Cap</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> Microcap leading in gains. Among the sectoral indices on the National Stock Exchange, all sectors registered gains during the opening trade except Nifty FMCG, Nifty Pharma, and Nifty Healthcare. "An important feature of the ongoing bull market which has taken the Nifty from the March 2020 low of 7511 to around 24300 now is that it has always rewarded investors who followed the <keyword id="20134090" type="General" weightage="20" keywordseo="buy-on-dips" source="keywords">buy on dips</keyword> strategy. Since the undercurrent of this bull market, both globally and in India, continues to be strong despite the high valuations, buy on dips strategy continues to be relevant" said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. He also cautioned the investors by adding, "Investors should be prepared to absorb corrections and it is important to understand that corrections can happen at unexpected times." The <keyword id="20034955" type="General" weightage="20" keywordseo="earnings-season" source="keywords">earnings season</keyword> also set to mark important announcements on Thursday, according to the Bombay Stock Exchange (BSE), major IT companies in the country will report their financial results for the first quarter of 2024 this week. The major IT company Tata Consultancy Services (TCS) is set to announce its first-quarter performance results on Thursday. In its previous earnings announcement, TCS reported a 9 per cent rise in net profit for the fourth quarter of FY24, achieving Rs 12,434 crore compared to Rs 11,392 crore in Q4 of FY23. Asian markets rallied on Thursday, with all major economies' exchanges registering gains. Japan's Nikkei Index gained 347.85 points to reach 42,179.84. Hong Kong's Hang Seng index rose by more than 1.42 per cent, and Taiwan's index, Taiwan Weighted, also gained more than 300 points to reach 24,308. In the <keyword id="19908188" type="General" weightage="20" keywordseo="global-markets" source="keywords">global markets</keyword>, WTI crude oil prices are at USD 82.50, up 0.49 per cent, and Brent crude is at USD 85.42, up 0.40 per cent. The US Dollar Index (DXY) increased by 0.01 per cent to 104.98. On Wednesday, the Nasdaq and S&amp;P 500 achieved record highs, driven by gains in Nvidia and other major tech stocks. The Nasdaq Composite rose 1.18 per cent to 18,647.45, the S&amp;P 500 increased 1.02 per cent to 5,633.91, and the Dow Jones Industrial Average climbed 1.09 per cent to 39,721.36.

Nifty, Sensex open with gains; Buy on dips strategy still relevant, experts recommend

<ul><li><keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword> started the week with a decline following global market weakness.</li><li>Indian markets are also facing selling pressure ahead of the <keyword id="19908389" type="General" weightage="20" keywordseo="Union-Budget" source="keywords">Union Budget</keyword> announcement.</li><li>The <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index declined by 100 points to 24,430, while the BSE Sensex lost 250 points to 80,391 during early trade on Monday.</li></ul>Indian markets started the week with a decline following global market weakness after U.S. President Joe Biden opted out of the presidential race. Indian markets are also facing selling pressure ahead of the Union Budget announcement by the government. The Nifty 50 index declined by 100 points to 24,430, while the BSE Sensex lost 250 points to 80,391 during early trade on Monday. In the broader market on NSE, the volatility index surged more than 3 percent, and all the indices, including Nifty Next 50, Nifty 100, Nifty Midcap, and Nifty Smallcap, faced selling pressure, trading in red during early trade. "Indian markets will look at the Union Government's <keyword id="20613906" type="General" weightage="20" keywordseo="Economic-Survey" source="keywords">Economic Survey</keyword>, to be tabled in the Lok Sabha at 1 pm. Though the Economic Survey is more of a strategic document, with aspirational notes on what could be done, the data points on growth and the government's assumptions on revenues and expenditure will be watched closely," said Ajay Bagga, Banking and Market Expert. On the impact of President Joe Biden opting out of the presidential race, Bagga added, "Markets had largely factored in a high probability of a Trump 2.0 Presidency and the Trump Trade was running. To that extent, markets should take this announcement in their stride and have a limited impact. The Democrat nominee finalisation around Kamala Harris and a VP-elect partner will be watched with interest. US futures are starting flat. We expect a limited impact on the markets for now." Elsewhere in the Asia-Pacific region, markets are predominantly trading lower. The Asia Dow shows a modest gain of 1.71 percent, contrasting with declines in Japan's Nikkei 225 by 0.77 percent, Hong Kong's Hang Seng index by 0.06 percent, and China's Shanghai Composite by 0.26 percent. In European markets, the UK's FTSE index declined along with the CAC index of France and the DAX index of Germany due to uncertainty in the U.S. elections. However, Dow Jones futures surged by 50 points to 40,336.42, while the S&amp;P 500 and Nasdaq closed with a decline last week. Interestingly, the market has historically reacted enthusiastically to the budget, as per BSE data. Between 2016 and the last interim budget announced in February, the market generally rose, except for the Union Budget of 2018, which saw a decline from 35,906.66 to 35,066.75, a drop of 839.91 points. The highest jump was observed the day after the Union Budget announcement in 2021, when the Sensex rose by 1,197.11 points, reaching 49,797.72 from the budget day figure of 48,600.61. Other significant increases were seen in 2017 with 777.35 points, 2018 with 84.97 points, the interim budget in February 2019 with 113.31 points, June 2019 with 792.82 points, 2020 with 136.78 points, 2021 with 1,197.11 points, 2022 with 695.76 points, 2023 with 224.16 points, and 2024 with 440.33 points a day after the budget announcements. Meanwhile, foreign portfolio investors infused Rs 15,420 crore into the Indian equity market last week, according to data from the National Securities Depository. The net investment by foreign portfolio investors (FPI) surged to Rs 30,772 crore so far in July, indicating strong buying by foreign investors. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-to-launch-in-india-on-august-14-alongside-the-pixel-9-series/articleshow/111855704.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-to-launch-in-india-on-august-14-alongside-the-pixel-9-series/articleshow/111855704.cms" target="_blank">Google Pixel 9 Pro Fold to launch in India on August 14 alongside the Pixel 9 series</a><a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank">OnePlus Nord 4 vs Realme GT 6T – which mid-range phone should you buy under ₹35,000?</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank">Reliance Jio and Airtel added 3.45 million subscribers in May 2024, while Vi lost nearly a million</a>

Stock market opens in red, cautious ahead of Economic survey and Union budget

<keyword id="20153680" type="General" weightage="20" keywordseo="Indian-benchmark-indices" source="keywords">Indian benchmark indices</keyword> reached fresh <keyword id="19919943" type="General" weightage="20" keywordseo="record-highs" source="keywords">record highs</keyword> on Wednesday, driven by gains in <keyword id="22189713" type="General" weightage="20" keywordseo="banking-and-media-stocks" source="keywords">banking and media stocks</keyword>. Sensex closed at 78,572.43, up 518.91 points and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords" meta.keywordsubtype="org" meta.entityname="Nifty" meta.hostid="261" meta.entityid="Nifty">Nifty</keyword> 120.60 points high closing at 23,868.80 after the close of the market on June 26. The <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords" meta.keywordsubtype="org" meta.entityname="BSE Sensex" meta.hostid="261" meta.entityid="BSE Sensex">BSE Sensex</keyword> soared to an all-time high of 78,759.40, closing at 78,674.25 with an increase of 620.72 points or 0.80 per cent. Concurrently, the NSE <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> climbed 147.50 points or 0.62 per cent to settle at 23,868.80, having hit a record high of 23,889.90 during the session. Leading the gains on the NSE Nifty 50 were <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>, <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword>, UltraTech Cement, ICICI Bank, and Grasim. Conversely, Apollo Hospitals, Mahindra &amp; Mahindra, Bajaj Auto, Tata Steel, and Hindalco Industries emerged as the top laggards. Reliance Industries set a new record high, while Bharti Airtel surged over 3 per cent, marking significant large-cap gains on the major indices. The broader markets displayed mixed performance with the Nifty SmallCap rising by 0.11 per cent and the MidCap slightly declining by 0.05 per cent. Sector-wise, the Nifty Media rose by 1.7 per cent, Nifty Bank by 0.5 per cent, and Nifty FMCG by 0.4 per cent. The Metal sector remained the top loser, dropping over 1.39 per cent. Among the sectoral indices, Nifty Bank, Financial Services, FMCG, Media, Pharma, PSU Banks, Private Banks and Oil and Gas remains in the green territory. The stock of sectors such as Consumer durables, Midsmall healthcare,Realty, Metal and IT ended in the green. Foreign investors made a substantial move by buying Indian equities, while domestic investors showed differing market sentiment by selling shares. "Foreign portfolio investors (FPIs) sustained their buying streak for the 12th consecutive session, acquiring USD 141 million worth of shares on Tuesday. Since June 7, FPIs have invested a total of USD 3.7 billion in Indian equities, buoyed by reduced policy uncertainty. Domestic institutional investors (DIIs) have also been active, purchasing USD 1.6 billion worth of shares in the same period," Varun Aggarwal MD, Profit Idea. "Gold and silver prices are declining due to the Federal Reserve's aggressive stance on maintaining higher interest rates, which increases US Treasury bond yields and limits precious metal gains. However, geopolitical tensions between Israel and Lebanon are supporting safe-haven demand," he added. Gold is trading between Rs 71,000 and Rs 71,800, awaiting a breakout to establish a new trend.

Sensex-Nifty hit all-time high as trading session closes in green

Mumbai (Maharashtra) [India], July 11 (ANI): The <keyword id="19925636" type="General" weightage="100" keywordseo="stock-market" source="keywords">stock market</keyword> closed flat at the end of the trading session on Thursday. The NSE <keyword id="20641216" type="General" weightage="20" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> ended marginally higher by 0.05 per cent to settle at 24,337, while the <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> closed slightly lower by 0.01 per cent at 79,914.26 points. <keyword id="20127603" type="General" weightage="20" keywordseo="market-sentiment" source="keywords">Market sentiment</keyword> was subdued as investors awaited the first-quarter results of TCS and contended with the weekly expiry of Nifty futures and options contracts. The stocks of ONGC, BPCL, Coal India, ITC, and Tata Motors gained on the National Stock Exchange (NSE) while Tata Consumer Products, Bajaj Finance, M&amp;M, Divi's Laboratories, and NTPC underperformed, emerging as major laggards. In the broader market, the BSE MidCap index edged up by 0.2 per cent, and the SmallCap index advanced by 0.5 per cent. Market breadth was positive with more than 2,100 stocks advancing compared to 1,660 declining on the BSE. Of particular note in today's trading session were shipping firms, RVNL, and YES Bank, garnering attention. Raymond traded at an adjusted price post the de-merger of its Lifestyle unit. "It was another mildly volatile day for Indian markets, as can be expected at all-time high levels. The time-wise consolidation is on in the markets. After the initial negative print, the Nifty and Sensex recovered to end nearly flat while the midcap and small cap indices ended positive. Banks which have been under pressure over the last few sessions managed to end in the green. Overall the markets are looking for cues from the earnings season. The US CPI this evening will set the tone for a possible September rate cut in the US," said Ajay Bagga, Market Expert, observing today's market. "The recent Reserve Bank of India (RBI) decision allowing resident Indians to open bank accounts in foreign currencies at GIFT City is anticipated to significantly impact the investment landscape. This move aims to provide increased flexibility for global investing and spending, potentially redirecting funds that would otherwise be held in offshore hubs like Dubai or Singapore back into the Indian financial system. It is viewed as a progressive step towards enhancing the convertibility of the Indian rupee and positioning it as a global currency," said Varun Aggarwal MD, Profit Idea. "The broader market is currently buzzing with excitement around the upcoming Union Budget 2024 and is likely to trigger momentum in the upcoming days. During this phase, automobile, semi-conductor, infrastructure, and green energy mid-cap and large-cap stocks could be in focus," said VLA Ambala, co-founder, <keyword id="800814" type="General" weightage="20" keywordseo="stock-market-today" source="Orion">Stock Market Today</keyword>. (ANI)

Stock market closes flat after volatile trading on Thursday

It was a lackluster <keyword id="19940291" type="General" weightage="20" keywordseo="Diwali" source="keywords">Diwali</keyword> for <keyword id="19896381" type="General" weightage="100" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword>, with both indices closing the day in the red. While Nifty closed at 24,205.35 points, down by 0.56%, Sensex dipped around 553 points to end Thursday at 79,389.06 points. Experts noted that India needs measures on both fiscal and monetary fronts to boost growth. 34 of Nifty50 stocks saw declines, while the remaining 16 saw advances. On Sensex, only 4 scrips ended their day in the green, while 26 others remained in red. "Happy Diwali and Shubh Samvat 2081. We are going into Samvat 2081 with a consensus that markets will be challenged and will mean revert, leading to an underpowered year coming up. Predictions are at best intelligent guesstimates, so we will refrain from that. What is clear is that some countercyclical measures are needed from India, both on the fiscal and monetary front, to tackle the issue of "not as sharp growth in aggregate demand," Ajay Bagga, Banking and Market Expert told ANI. He further added, "The festival season is key to the annual consumption numbers, and the combination of 35 lakh marriages and around Rs 4.5 lakh crores of private consumption expenditure is expected to provide some relief from a slowing growth trajectory.". Cipla (up by 9.5%), LT (up by 6.23%), ONGC (up by 2.04%), Dr. Reddy (up by 1.93%), and Mahindra and Mahindra (up by 1.61%) were among the day's top gainers. HCL Tech, Tech Mahindra, TCS, Asian Paints, and Infosys were the leading laggards on NSE. As for sectoral indices, IT declined by over 3% during the day, while media, pharma, and healthcare inched up by over 1% each. Smallcaps had a gala day on the bourses today, rising by over 1%. Nifty microcaps 250 also jumped by 2.14% today. Hrishikesh Yedve, AVP Technical, and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd, said that “Nifty opened flat and traded within a narrow range, ending the day with a negative close at 24,205. Notably, the <keyword id="19908884" type="General" weightage="20" keywordseo="smallcap" source="keywords">Smallcap</keyword> 100 index outperformed the benchmark, gaining about 1.15%. Meanwhile, <keyword id="20110975" type="General" weightage="20" keywordseo="india-vix" source="keywords">INDIA VIX</keyword>, which initially surged around 4%, settled up by 0.35% at 15.57, indicating a slight cooling of volatility.". Hefty selling by <keyword id="19950996" type="General" weightage="20" keywordseo="FIIs" source="keywords">FIIs</keyword> continued well into the last day of the month, with foreign investors selling stocks worth Rs 4,613.65 crore on Wednesday. So far this month, FIIs have offloaded a staggering Rs 1,08,632.59 crore worth of stocks in <keyword id="19991358" type="General" weightage="20" keywordseo="Indian-markets" source="keywords">Indian markets</keyword>. DIIs, on the other hand, purchased Rs 1,03,740.09 crore worth of stocks during the month. Rajesh Bhosale, Equity Technical Analyst, Angel One, explained that as October concluded, it marked a challenging month for bulls, erasing gains accumulated over the past two months, with Nifty dropping more than 6%, one of the steepest monthly declines in recent times, which has impacted the monthly chart's structure. "Throughout the week, the 24,100–24,000 zone provided some support due to oversold conditions, but the index faced persistent resistance on attempted rebounds. Despite multiple efforts, prices couldn’t surpass the 24,500 level. A strong close above this range is needed before considering aggressive positions, as the market seems poised for a phase of high volatility, he continued. "The banking sector, which has shown relative strength but stalled at key levels, will be crucial in determining the market’s next move. Traders should keep a close eye on this sector for guidance. Notably, the week saw improved market breadth with several individual stocks posting notable gains. However, a selective approach remains essential in this volatile environment", continued Bhosale. The immediate focus is on the core personal consumption expenditures (PCE) data due later in the day to assess the Fed's policy stance ahead of the next rate decision on Nov 7. Traders see a nearly 95% chance of a quarter-basis-point Fed rate cut next week, the CME FedWatch tool showed.

Nifty and Sensex end this Diwali in red, muhurat trading to take place tomorrow

The Indian <keyword id="19925636" type="General" weightage="20" keywordseo="stock-market" source="keywords">stock market</keyword> opened at a record high with <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> opening at 79,840.40, above 364 points or 0.46 per cent, and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> at 24,228.75, up 86 points or .36 per cent high. Bank Nifty opened in green at 52,0793, up 219 points or 0.42 per cent high. The Nifty Midcap 100 opened at 56462.70, up 170.20 points or 0.30 per cent. Soon after opening in green, some indices turned red likely due to a profit-booking trend during the opening trade hour. Among the sectoral indices at the National Stock Exchange (NSE) in the opening hours on Tuesday, the auto stocks opened in red post sales figures for June. The other sectoral indices such as Financial Services, FMCG, Metal, Pharma, PSU Banks, Private Banks, Healthcare, Consumer Durables and Nifty Midsmall Healthcare traded in the red during the initial hours of the trade. "Nifty has delivered 10.4 per cent returns in the first half of 2024 on top of the 20 per cent returns in 2023. These are impressive returns. An important feature of this <keyword id="19990244" type="General" weightage="20" keywordseo="bull-market" source="keywords">bull market</keyword> which began after the COVID crash of March 2020 (Nifty at 7511) is that it has been devoid of any significant correction. The only above 5 per cent correction in the Nifty was on June 4th, in response to the election results. But this was followed the very next day by a sharp recovery. This one-way move in the <keyword id="19913381" type="General" weightage="20" keywordseo="market" source="keywords">market</keyword> can be attributed to the successful 'buy on dips' strategy being followed by the domestic investors - both institutional and retail, said V K Vijayakumar, Chief <keyword id="19895437" type="General" weightage="20" keywordseo="investment" source="keywords">Investment</keyword> Strategist, Geojit Financial Services. "There is a sustained flow of money into the market through mutual funds, particularly through SIPs. So long as this market construct holds steady, the market will remain resilient. It is worth repeating that some stocks in the broader market have bubble valuations and, therefore, they are vulnerable to a sharp correction," he added. "We are of the view that the short-term texture of the market is positive but due to temporary overbought conditions, we could see some <keyword id="19931546" type="General" weightage="20" keywordseo="profit-booking" source="keywords">profit booking</keyword> at higher levels, said Shrikant Chouhan, Head of Equity Research, Kotak Securities on the market opening. On July 1, the Indian market benchmarks made a recovery from last week's downturn on Monday, July 1, regaining most of Friday's losses. The Nifty 50 maintained above 24,000 levels, closing at 24,142 with a gain of 131 points. The Sensex also showed strength, rising by 443 points to end the day at 79,476. Foreign <keyword id="21078192" type="General" weightage="20" keywordseo="portfolio-investors" source="keywords">Portfolio Investors</keyword> (<keyword id="19930635" type="General" weightage="20" keywordseo="FPIs" source="keywords">FPIs</keyword>) significantly increased their investments in the Indian stock markets in the last week of June, according to data from the National Securities Depository Limited (NSDL).The net investment by FPIs stood at Rs 16,672.2 crore during the last week, with a notable surge on Friday alone amounting to Rs 6,966.08 crore. This uptick marks a turnaround in FPI sentiment for the month.

Indian stocks open Tuesday's session at fresh all-time highs; some profit booking expected

After several days of impressive gains, Indian stock indices saw some correction on September 27, 2024, as investors booked profits following a prolonged rally. The <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword>, which briefly touched the 86,000 mark during the trading session, closed the day slightly lower at 85,571.85 points, down by 264.27 points or 0.31%. Similarly, the <keyword id="19896381" type="General" weightage="100" keywordseo="nifty" source="keywords">Nifty</keyword> index, which reached a lifetime high of 26,277.35, eventually closed in the red at 26,175.15 points, down by 40.90 points or 0.16%. Market participants were primarily focused on locking in gains after the indices reached record highs. Sectoral performance saw a divergence, with banking, financial services, media, and real estate stocks facing pressure. <keyword id="19969359" type="General" weightage="20" keywordseo="vinod-nair" source="keywords">Vinod Nair</keyword>, Head of Research at <keyword id="19933343" type="General" weightage="20" keywordseo="geojit-financial-services" source="keywords">Geojit Financial Services</keyword>, pointed out that after the recent surge, "the benchmark indices experienced a sideways movement today as investors engaged in profit booking at elevated levels." He further added that market participants are eagerly awaiting the second-quarter earnings report, which could provide clarity on future earnings potential. <h2>Global factors and FPI activity</h2>One of the key drivers behind the <keyword id="6357440" type="General" weightage="20" keywordseo="stock-market" source="Orion">stock market</keyword> rally in recent weeks has been the US Federal Reserve’s decision to loosen its monetary policy, with a significant 50-basis-point cut in interest rates. This move has resulted in a flow of capital from the US to markets like India, where policy rates are higher, thus providing attractive returns. The looser monetary policy in the US has encouraged foreign portfolio investors (FPIs) to continue investing in Indian equities. FPIs have remained net buyers in India for the fourth consecutive month, further supporting the stock indices. As per data from the <keyword id="20070086" type="General" weightage="20" keywordseo="national-securities-depository-limited" source="keywords">National Securities Depository Limited</keyword> (NSDL), FPIs have purchased Indian stocks worth ₹48,822 crore in September alone, a trend that has bolstered market confidence. The strong FPI inflows reflect optimism about India's economic prospects and its equity market returns. <h2>Sectoral performance and outlook</h2>Despite the overall market decline, the performance varied across different sectors. Public sector banks, defence, and railway stocks, which had seen significant buying interest earlier, took a backseat as pharma, private banks, and mid-size IT companies began to attract attention due to their appealing valuations. These sectors are now expected to drive the next market phase in the coming quarters, according to Krishna Appala, Senior Research Analyst at Capitalmind Research. The markets traded in a narrow range for most of the day, with little overall movement despite positive global cues. An early rebound in the IT sector briefly boosted the indices, but the gains were short-lived. The broader indices, including the Nifty and Sensex, remained largely flat, echoing the sluggish performance of heavyweight stocks. Ajit Mishra, Senior Vice President of Research at Religare Broking, noted that "sector-wise, pharma and energy posted solid gains, while banking and real estate sectors saw profit booking." Looking ahead, Mishra maintained a bullish outlook on the markets, advising investors to use periods of consolidation or dips to accumulate quality stocks. He added that, in the absence of any significant domestic triggers, global markets will likely set the direction for Indian equities. On the Nifty index, he anticipated strong support around the 25,900-26,000 zone, with an upside target at 26,500. <h2>Technical insights</h2>Hrishikesh <keyword id="23343291" type="General" weightage="20" keywordseo="yedve" source="keywords">Yedve</keyword>, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd., shared his technical analysis of the <keyword id="20105832" type="General" weightage="20" keywordseo="nifty-and-bank-nifty" source="keywords">Nifty and Bank Nifty</keyword> indices. He observed that while the Nifty started the day on a flat note and registered a new lifetime high, it eventually faced profit booking and closed marginally lower. "Technically, the index on a daily scale has formed a small red candle, but on the weekly scale, it has formed a big green candle," Yedve explained. He added that as long as Nifty holds above the 26,000 level, a "buy on dips" strategy should be followed, with an immediate short-term target of 26,500. On the Bank Nifty front, Yedve pointed out that the index started on a weak note and remained under pressure throughout the day, closing at 53,834. He highlighted the formation of a bearish Marubozo candle on the daily chart, which signals potential short-term weakness. However, on the weekly scale, Bank Nifty remains above the breakout point of a rounding bottom pattern, indicating strength. "In the short term, Bank Nifty may witness consolidation or profit taking, but any dip around 53,350-53,400 will offer fresh buying opportunities," Yedve advised. <h2>Market wrap-up and outlook</h2>Reflecting on the week’s performance, <keyword id="23343292" type="General" weightage="20" keywordseo="amol-athawale" source="keywords">Amol Athawale</keyword>, VP-Technical Research at Kotak Securities, noted that the benchmark indices had maintained positive momentum, with the Nifty ending 1.5% higher and the Sensex gaining over 1,030 points. <keyword id="20102108" type="General" weightage="20" keywordseo="metal" source="keywords">Metal</keyword> and auto stocks were the standout performers, with the Metal index rising by 7% and the Auto index by 4.5%. Athawale highlighted the importance of the Nifty and Sensex breaching key resistance levels of 26,000/85,000 last week, which has provided a boost to market sentiment. Technically, Athawale pointed to the formation of a bullish candle on the weekly charts and an uptrend continuation pattern on the daily and intraday charts, signalling a potential continuation of the rally. However, he cautioned that "buying on dips and selling on rallies would be the ideal strategy for short-term traders." He identified 26,100/85,300 as crucial support zones for the Nifty and Sensex, with resistance expected around 26,400-26,500/85,900-86,300. As for Bank Nifty, Athawale described the medium-term outlook as bullish but noted that overbought conditions could lead to range-bound activity in the near term. He suggested that 53,500-53,100 would serve as key support zones, while profit booking could occur near 54,500-54,800. (With inputs from agencies)

Indian markets ease as profit booking follows record-breaking streak

After a prolonged selloff and logging a one-year low last week, Indian stock indices showed a promising rebound on Monday, driven by <keyword id="20262950" type="General" weightage="20" keywordseo="value-buying" source="keywords">value buying</keyword> from investors. The <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> closed at 80,081.30 points, gaining 679 points, while the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> surged by 186.55 points to close at 24,367.35. All Nifty sectoral indices moved into positive territory, with the PSU bank index leading the rally at a 3.8% gain. Last week saw significant dips in Indian equities, with the Nifty 50 and Sensex shedding 2.7% and 2.2%, respectively. Additionally, the Nifty corrected by approximately 8.3% from its recent high, while mid-cap and small-cap indices faced steeper corrections of 9-10%. <keyword id="20015748" type="General" weightage="20" keywordseo="foreign-portfolio-investors" source="keywords">Foreign portfolio investors</keyword> (FPIs) have also been net sellers throughout October, pulling out a substantial ₹85,790 crore, following four months of consistent inflows that previously supported the market’s bullish phase. Market experts, however, indicate that <keyword id="21807786" type="General" weightage="20" keywordseo="geopolitical-factors" source="keywords">geopolitical factors</keyword> and macroeconomic uncertainties will continue to influence Indian equities in the near term. “The imminent U.S. presidential elections and associated uncertainty will continue to weigh on markets,” noted V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Nonetheless, positive developments, including strong quarterly results from banks and a decline in <keyword id="21259231" type="General" weightage="20" keywordseo="global-oil-prices" source="keywords">global oil prices</keyword> due to anticipated ease in Middle East retaliations, have boosted investor sentiment. “The <keyword id="21953705" type="General" weightage="20" keywordseo="market-rebound" source="keywords">market rebound</keyword> this week was supported by positive <keyword id="22342488" type="General" weightage="20" keywordseo="banking-results" source="keywords">banking results</keyword> and declining oil prices,” commented Vinod Nair, Head of Research at Geojit Financial Services. He added that the broader market’s stability would depend on stronger <keyword id="20052796" type="General" weightage="20" keywordseo="corporate-earnings" source="keywords">corporate earnings</keyword> and companies with low leverage and solid growth prospects, which are expected to outperform when the market stabilises. While global markets have remained steady in October, the MSCI India Index dropped around 8% from its late-September peak, signalling ongoing caution among investors, as observed by Jitendra Gohil, Chief Investment Strategist at Kotak Alternate Asset Managers.

You Searched For "investment in Nifty 50" and got 13 results

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