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Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war. According to market analysts, it was a tumultuous year for the Indian equity market. The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted. Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks. With just one day of trading left in the current fiscal, the <keyword id="35140" type="General" weightage="80" keywordseo="bse" source="Orion">BSE</keyword> smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year. In comparison, the <keyword id="53232" type="General" weightage="50" keywordseo="bse-sensex" source="Orion">BSE Sensex</keyword> has declined 608.42 points or 1.03 per cent. "Many factors contributed to the underperformance of the Indian stock market in FY23. The Indian market performed remarkably well in FY21 and FY22, as both the Nifty and Sensex produced double-digit returns. When the Indian stock market performs strongly for two years in a row, profit booking is inevitable in the third year. In FY23, we experienced headwinds due to the Russia-Ukraine war that negatively impacted market sentiment. "In addition, central banks around the world began to hike interest rates to curb inflation. This compelled investors to switch from the risk-on to the risk-off strategy," said <keyword id="14302869" type="General" weightage="50" keywordseo="sunil-damania" source="Orion">Sunil Damania</keyword>, Chief Investment Officer at equity advisor MarketsMojo. The BSE smallcap index jumped 7,566.32 points or 36.64 per cent in the 2021-22 fiscal, and the midcap surged 3,926.66 points or 19.45 per cent. In comparison, the Sensex ended 2021-22 with a gain of 9,059.36 points or 18.29 per cent. "We have observed in the past that when interest rates start rising, mid and small-caps tend to underperform. Their ability to service higher borrowing cost is not as robust as large-caps," Damania said. In FY21, the BSE smallcap index had zoomed 11,040.41 points or 114.89 per cent, while the midcap index jumped 9,611.38 points or 90.93 per cent. In comparison, the 30-share BSE benchmark had clocked 20,040.66 points or 68 per cent gain during 2020-21. "The Indian equity market has had a flat-to-down year for FY23. The underperformance of the equity market was primarily caused by several causes, including global anxiety, particularly rising inflation, a significant increase in interest rates in the USA and later global financial troubles. We outperformed our global competitors in the prior fiscal year, which is another factor. "Mid and smallcap companies suffer from greater inflation and higher borrowing costs since they are less able to transfer input prices and have higher borrowing costs when compared to major players," <keyword id="6531843" type="General" weightage="50" keywordseo="santosh-meena" source="Orion">Santosh Meena</keyword>, Head of Research, Swastika Investmart Ltd, said. In an uncertain atmosphere, investors also seek protection and smallcap companies are viewed as riskier investments in the equity market, Meena said. The midcap index tracks companies with a market value that is, on average, one-fifth of blue chips, while smallcap firms are almost a tenth of that universe. It was a tough year for the Indian equity market amid global uncertainties with the Ukraine-Russia war, Fed rate hikes, inflation and recession projections, Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd, said. "The underperformance has been attributed to a range of factors, including continuous Foreign Portfolio Investors (FPI) selling, reopening of the Chinese economy and sell-off in Adani Group stocks," Nanda added. The 10 listed Adani Group companies have together lost significant market value following the US short-seller Hindenburg Research report on January 24. The BSE smallcap gauge fell to its 52-week low of 23,261.39 on June 20, 2022, and later reached its one-year peak of 30,185.95 on September 15, last year. The BSE midcap index hit its 52-week low of 20,814.22 on June 20, 2022, and later bounced back to reach its one-year high of 26,440.81 on December 14 last year. The Sensex reached its all-time high of 63,583.07 on December 1, last year, after hitting its one-year low of 50,921.22 on June 17, 2022. On the outlook for midcap and smallcap indices for the next fiscal, Meena said, since the environment is still uncertain, there is a chance that volatility may persist in the first quarter of FY24. But, as the market becomes more certain about when US interest rates will peak, the overall market will begin to trend upward. "We expect interest rates to begin stabilising in FY24 and then decline. If this occurs, small and midcap stocks will begin to outperform. We are confident that the risk-on strategy will make a strong comeback in FY24. This will further boost demand for small and mid-cap stocks. While we did expect mid and small-caps to perform well in FY 2023, we anticipate a strong comeback in FY 2024," Damania added. According to market analysts, small stocks are generally bought by local investors, while overseas investors focus on blue chips or large firms. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/tamil-nadu-says-nahi-to-dahi-over-hindi-name-on-curd-packets/articleshow/99116854.cms">Tamil Nadu says 'nahi to dahi' over Hindi name on curd packets</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ril-calls-for-shareholder-creditor-meeting-to-approve-demerger-of-financial-services-arm/articleshow/99116790.cms">RIL calls for shareholder, creditor meeting to approve demerger of financial services arm</a>

Small stocks lag behind in FY23; take bigger hit than bluechip firms

<ul><li>Sensex slipped around 1.3% to 58,766 points and Nifty50 went down 1.2% to 17,542 on Thursday.</li><li>IT, metal and oil &amp; gas were the biggest losers in the market with <keyword id="6355199" type="General" weightage="80" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword>, TCS, and <keyword id="6354737" type="General" weightage="20" keywordseo="ONGC" source="Orion">ONGC</keyword> being among laggards.</li><li>Also the fact that India’s GDP grew below estimates at 13.5% percent in April-June quarter weighed on the market sentiment.</li></ul>Indian markets continued their losing streak following negative global cues related to concerns around economic growth. Sensex slipped by around 1.3% to 58,766 points and Nifty50 went down by 1.2% to 17,542 in Thursday trade. IT, metal and oil &amp; gas were the biggest losers in the market with Reliance Industries, TCS and ONGC making it to the list. Weak global cues and rise in China-Taiwan tensions had softened global markets. Experts believe that markets are influenced by global headwinds despite strong FII flows. “The Indian equity markets are witnessing high volatility as global cues are weak but our market is not ready to go down where every dip is taken as a buying opportunity. FIIs are in a buying mood despite the rise in the dollar index and US bond yields whereas the rupee has gained remarkably in the last two trading sessions,” <keyword id="6531843" type="General" weightage="80" keywordseo="santosh-meena" source="Orion">Santosh Meena</keyword>, head of research at Swatika Investmart said. India’s GDP growth for the April-June quarter came below estimates at 13.5% percent, yesterday. That too weighed on the market sentiment and the domestic markets started the new month on a volatile note, and have been swinging wildly for the last few days. “Strong macro data, along with positive institutional flows have helped provide support at lower levels. Also action continues in mid and small caps with niche sectors doing well. Auto, cap goods, defence, consumption, real estate, healthcare stocks are in strong momentum which is likely to continue,” <keyword id="906283" type="General" weightage="80" keywordseo="siddhartha-khemka" source="Orion">Siddhartha Khemka</keyword>, head - retail research at Motilal Oswal Financial Services said. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top losers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.64% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.80% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.67% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.34% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharma </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Life Insurance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.21% </td></tr></tbody></table> Ambareesh <keyword id="357139" type="General" weightage="80" keywordseo="baliga" source="Orion">Baliga</keyword>, an investment analyst said that investor interest will depend on where Nifty50 stands. He believes that markets will remain under pressure as inflation has not cooled off as yet. “Looking at the set of headwinds and global market I don’t know how long our markets can independently hold up. As long as the Nifty50 is above 17,000 points there will be investor interest but then if it goes to 16,000 or 15,00 the interest in the market will disappear,” Baliga said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/upi-transactions-reach-657-crore-in-august-worth-10-72-lakh-crore/articleshow/93928621.cms">UPI transactions reach 657 crore in August worth ₹10.72 lakh crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/hero-electric-tops-two-wheeler-ev-sales-charts-in-august-ola-electric-saw-declined/articleshow/93928400.cms">Hero Electric tops two-wheeler EV sales charts in August, Ola Electric saw declined</a>

Global headwinds continue to drag equity markets down

Domestic equity benchmark indices declined as the day progressed and settled sharply lower on Thursday as investors evidently feared a looming recession. "The market is fearing that inflation is not going to come under control soon whereas a tight monetary policy may cause a recessionary situation," said <keyword id="6531843" type="General" weightage="80" keywordseo="santosh-meena" source="Orion">Santosh Meena</keyword>, Head of Research at Swastika Investmart. <keyword id="6484188" type="General" weightage="100" keywordseo="sensex" source="Orion">Sensex</keyword> closed at 51,495.79 points, down 1,045.60 points, or 1.99 per cent, whereas <keyword id="6354813" type="General" weightage="50" keywordseo="nifty" source="Orion">Nifty</keyword> closed at 15,360.60 points, down 331.55 points, or 2.11 per cent. The decision by the <keyword id="6356435" type="General" weightage="50" keywordseo="us-federal-reserve" source="Orion">US Federal Reserve</keyword> to raise the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years, also weighed on the stocks. The rate hike was announced at the end of the two-day policy meeting of the <keyword id="45672" type="General" weightage="80" keywordseo="fed" source="Orion">Fed</keyword>. It ran contrary to smaller rate hikes of 0.50 percentage points that had been indicated by several members of the <keyword id="117388" type="General" weightage="50" keywordseo="us-fed" source="Orion">US Fed</keyword>'s top decision making committee, the <keyword id="127109" type="General" weightage="50" keywordseo="federal-open-market-committee" source="Orion">Federal Open Market Committee</keyword>. <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/upi-and-rupay-cards-will-soon-be-accepted-in-france/articleshow/92247190.cms">You will soon be able to use UPI in France in addition to UAE, Singapore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-gains-15-paise-against-the-dollar-to-78-07/articleshow/92245743.cms">Rupee gains 15 paise against the dollar to 78.07 after Fed interest rate hike</a>

Sensex sheds 1,000 points and Nifty 331 as fear of a recession looms

Bloodbath on the D-Street entered its fifth straight day today, with <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> dipping by 218 points to close the day at 24,180.80, much below the 25,000-mark. <keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> also dropped a massive 662 points to close the week at 79,402.29 points. Notably, this was the worst weekly run experienced by the markets over the last 14 months. Clearly, the markets are not in the mood to embrace the impending festivities. Only 12 out of 50 stocks on the Nifty50 advanced today, while the other 38 declined. It was no different on the BSE, where an astounding 3,101 stocks slipped during the day, while just 841 inched up. Smallcaps bore the biggest brunt of this drawdown, with the smallcap 100, 50, 250, and microcaps each sliding by over 2% during the day. Amidst sectors, media, metal, PSU banks, consumer durables, and oil and gas skidded over 2% each today. Gaurav Garg, Research Analyst at Lemonn Markets Desk, explains that on a weekly basis, benchmarks had recorded five consecutive daily losses. Markets appear oversold, with RSI (Relative Strength Index) falling to 27 levels, its lowest in more than a year. Persistent foreign outflows with a record ~97000 crores so far in October, along with disappointing <keyword id="23378466" type="General" weightage="20" keywordseo="Q2-earnings" source="keywords">Q2 earnings</keyword>, have led to sharp valuation corrections in stocks with high multiples as investors adjust their expectations for future growth. Per media reports, investors saw their wealth diminish by a massive Rs 6.80 lakh crore today, largely due to a sharp, 18% dip in the shares of <keyword id="19901053" type="General" weightage="20" keywordseo="IndusInd-Bank" source="keywords">IndusInd Bank</keyword> and uncontrolled exodus of <keyword id="19900795" type="General" weightage="20" keywordseo="foreign-investors" source="keywords">foreign investors</keyword>. Reportedly, IndusInd Bank reported a 40% decline in its net profits for the quarter ended September 30, 2024. "Another major factor contributing to this dip is disappointing earnings reports from Indian companies, especially in the consumption sector, which signal an economic slowdown, particularly in urban consumption," Santosh Meena, Head of Research at Swastika Investmart, said. Mahindra &amp; Mahindra, Larsen &amp; Toubro, NTPC, Adani Ports, Tata Steel, Maruti, Bajaj Finance and Titan were also among the laggards. "Markets continued its downward trajectory as a broader selloff pulled down key benchmarks with Sensex ending below the crucial 80k mark. The dismal Q2 earnings so far has aggravated the investors' woes while persistent <keyword id="21360658" type="General" weightage="20" keywordseo="FII-selling" source="keywords">FII selling</keyword> continued to create havoc in the market," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. On October 24, 2024, i.e. yesterday, foreign investors offloaded a massive Rs 5,062.45 worth of equities, while domestic investors remained net buyers, purchasing around Rs 3,620.47 crore worth of shares. Thus far in October, foreign investors have pulled out a record Rs 97,205.42 crore from Indian markets. Shrikant Chouhan, Head Equity Research, Kotak Securities expects that the "market sentiment will continue to be weighed down by weaker-than-expected Q2FY25 earnings prints and continued weak commentary. FPI flows are expected to remain volatile in the days to come". "Indian equity markets corrected sharply this week as FII continued with selling in Indian markets. Benchmark indices (Nifty 50 and Sensex 30) declined between 2-3% this week. The midcap and the <keyword id="20187540" type="General" weightage="20" keywordseo="smallcap-stocks" source="keywords">smallcap stocks</keyword> witnessed selling pressure. As a result, the BSE Midcap and the BSE Smallcap indices underperformed the larger peers and were down between 5-8% on a weekly basis. All the sectoral indices ended the week in the red with multiple indices seeing a weekly fall in excess of 6%", added Chouhan Per Chouhan, in the coming weeks, key events that will determine the market's course of action include the US elections and the US FOMC meet. Stock specific action will continue based on Q2FY25 financial performance and management commentary. Garg also anticipates that in the near term, the markets will trade rangebound. Market veteran Raamdeo Agrawal, who heads Motilal Oswal Financial Services, called the ongoing <keyword id="22528556" type="General" weightage="20" keywordseo="market-downturn" source="keywords">market downturn</keyword> the "healthiest possible correction".

Massacre continues on Sensex and Nifty as foreign investors withdraw Rs 97,205.42 crore in October

<keyword id="12267874" type="General" weightage="20" keywordseo="RBI-interest-rate" source="Orion">RBI interest rate</keyword> decision, <keyword id="20924960" type="General" weightage="20" keywordseo="macroeconomic-data" source="keywords">macroeconomic data</keyword> and <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> would guide markets' movement this week, analysts said. Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities. HSBC PMI (Purchasing Managers' Index) for the services sector is scheduled to be announced on Monday. "This week, all focus will be on the global markets as we are seeing the first major signs of weakness after a long period of stability. This will test the strength of the Indian market, which has remained resilient due to strong domestic liquidity and a better macroeconomic outlook despite global headwinds and valuation concerns," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, the upcoming RBI's monetary policy announcement on August 8 will be important, Meena added. "The last batch of Q1 earnings will drive stock-specific movements. Additionally, institutional flows will play a crucial role in market dynamics," he said. Bharti Airtel, BEML, ONGC, NHPC, Life Insurance Corporation of India, and MRF would announce their earnings this week. "Going forward, the chances of further consolidation seem elevated due to premium valuations, weak Q1 results, and ongoing global market consolidation. The RBI policy meeting this week could provide some hints towards an outlook on rates, while expectations are to maintain the status quo as of now," Vinod Nair, Head of Research, Geojit Financial Services, said. Amid widespread selling pressure, the 30-share BSE Sensex plunged 885.60 points or 1.08 per cent to finish at 80,981.95 on Friday. The broader Nifty of NSE slipped 293.20 points or 1.17 per cent to end at 24,717.70. Movement of global oil benchmark Brent crude and rupee-dollar trend would also dictate trends in the market.

RBI interest rate decision, macroeconomic data and global trends the major factors driving market trends: Analysts

With the <keyword id="20034955" type="General" weightage="20" keywordseo="earnings-season" source="keywords">earnings season</keyword> drawing to a close, stock markets will take cues from <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="58959" type="General" weightage="20" keywordseo="foreign-investors" source="Orion">foreign investors</keyword>' <keyword id="3165079" type="General" weightage="20" keywordseo="trading-activity" source="Orion">trading activity</keyword> this week, analysts said. The US FOMC (Federal Open Market Committee) minutes will be the major highlight this week, experts said. "This week, there are fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded. However, important global <keyword id="20030592" type="General" weightage="20" keywordseo="economic-data" source="keywords">economic data</keyword>, such as Japan's inflation numbers and the minutes from the US FOMC meeting, will be closely watched. The uncertain geopolitical situation remains the primary near-term risk for the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Traders will also closely monitor institutional flows and crude oil price movement, he added. Easing fears of a recession in the US triggered a global market rally on Friday. "Positive US economic data like cooling inflation and robust retail sales numbers shrugged off recession fears while talks of a rate cut by the US Fed as early as next month fuelled a mega rally across global equities, including India," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. The 30-share BSE benchmark jumped 1,330.96 points or 1.68 per cent to settle at 80,436.84 on Friday, marking its best single-day gain in more than two months. The NSE Nifty surged 397.40 points or 1.65 per cent to close at a two-week high of 24,541.15. "The outlook for the market will be guided by the FOMC meeting minutes, US existing home sales and new home sales data," Palka Arora Chopra, Director, Master Capital Services Ltd, said. Last week, the BSE benchmark jumped 730.93 points or 0.91 per cent, the Nifty climbed 173.65 points or 0.71 per cent. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said, all eyes this week will be on US Fed meeting minutes. "Overall we expect the market to consolidate in a broader range and take cues from global factors," Khemka added.

Stock markets to take cues from global trends, FII trading activity in coming week: Analysts

<keyword id="19900618" type="General" weightage="100" keywordseo="investors" source="keywords">Investors</keyword>' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a <keyword id="20028816" type="General" weightage="20" keywordseo="crash" source="keywords">crash</keyword> in equity <keyword id="19990226" type="General" weightage="20" keywordseo="markets" source="keywords">markets</keyword> where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers. The 30-share BSE benchmark tanked 2,401.49 points to 78,580.46 in early trade. Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore (USD 5.35 trillion) during the morning trade. "The global market is reeling as bears enter with a cocktail of bad news. The fear of a reverse Yen carry trade, following an interest rate hike in Japan, was the initial catalyst. This was compounded by fears of a recession in the USA after extremely poor jobs data, which spooked market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Indian equity markets are witnessing signs of the first meaningful correction in global markets after an extended bull run, he added. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading sharply lower. Japan's benchmark Nikkei 225 stock index plunged as much as 8.1 per cent early Monday, extending sell-offs that shook world markets last week as worries flared over the state of the US economy. The US markets ended significantly lower on Friday. "The rally in the global stock markets has been driven mainly by consensus expectations of a soft landing for the US economy. This expectation is now under threat with the fall in US job creation in July and the sharp rise in the US unemployment rate to 4.3 per cent. "Geopolitical tensions in the Middle East also are a contributing factor," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. From the Sensex pack, Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra and JSW Steel were the biggest laggards. On the contrary, Hindustan Unilever, <keyword id="20026907" type="General" weightage="20" keywordseo="sun-pharma" source="keywords">Sun Pharma</keyword>, Nestle and Asian Paints were trading in the positive territory. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,310 crore on Friday, according to exchange data.

Investors become poorer by Rs 9.51 lakh crore as markets crash

As the results season kicks in, the <keyword id="20097634" type="General" weightage="20" keywordseo="quarterly-earnings" source="keywords">quarterly earnings</keyword> numbers of several <keyword id="22405488" type="General" weightage="20" keywordseo="blue-chip-firms" source="keywords">blue-chip firms</keyword> — such as <keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> and Reliance Industries — along with <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="20223116" type="General" weightage="100" keywordseo="trading-activity" source="keywords">trading activity</keyword> of foreign investors, will determine <keyword id="22405487" type="General" weightage="20" keywordseo="equity-market-movement" source="keywords">equity market movement</keyword> in the holiday-shortened week ahead, according to analysts. The domestic <keyword id="22405489" type="General" weightage="20" keywordseo="WPI-inflation-data" source="keywords">WPI inflation data</keyword> for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, <keyword id="22194639" type="General" weightage="20" keywordseo="pre-Budget-discussions" source="keywords">pre-Budget discussions</keyword> are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The country is scheduled to announce its GDP and Industrial Production (IIP) numbers, Meena said. "Other global factors to watch include the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan," he added. Meanwhile, IT services company HCL Tech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. "On Monday, markets will react to India's inflation data. Key results this week include Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm, etc. Also globally, investors will take cues from China's GDP numbers, US core retail sales data, and ECB (European Central Bank) interest rate decision," Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, said. Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables, became dearer, according to government data released on Friday. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect stock-specific moves to gain traction due to the ongoing earnings season; indeed, IT will be in the limelight due to the good start to the earnings and outlook." In the week ahead, economic data like China GDP, EuroZone CPI inflation, ECB policy, and the US Fed chair speech will be watched by investors to get cues on market momentum, Nair added. On a weekly basis, the BSE benchmark jumped 522.74 points, or 0.65 per cent, while the Nifty climbed 178.3 points, or 0.73 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77 per cent, to settle at a record closing high of 24,502.15. Intra-day, it jumped 276.25 points, or 1.13 per cent, to hit a new lifetime peak of 24,592.20.

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

Both <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> regained their mojo back on the final trading session of the week. While Sensex zoomed 1,330.96 points to close the week at over 80,000 (80,436.84 points), Nifty inched up 1.65% to close the day at 24,541.15 points. Out of the 50 Nifty stocks, 47 saw advances, while only 3 declined as of August 16th, 2024. <keyword id="19945574" type="General" weightage="20" keywordseo="Wipro" source="keywords" meta.keywordsubtype="org" meta.entityname="Wipro" meta.hostid="261" meta.entityid="Wipro">Wipro</keyword> (up by 4.23%), Tech Mahindra (up by 3.98%), Grasim (up by 3.65%), Mahindra and Mahindra (up by 3.45%) and Tata Motors (up by 3.36%) were amongst the biggest gainers during the day. On the other hand, Divis Labs (down by 0.62%), SBI Life (down by 0.07%) and Dr. Reddy (down by 0.02%) were amidst the leading laggards. Out of the 2,797 stocks traded during the day, 1,872 saw advances, while 845 declined and another 80 remained unchanged. 95 stocks hit their 52-week high price, while 31 stocks also hit their 52-week lows. 112 stocks hit the upper circuit, or the maximum permissible trading price of a security during a single trading session. This included <keyword id="19945904" type="General" weightage="20" keywordseo="ola" source="keywords">Ola</keyword>, which was up by 20%, Akums Drugs and Pharmaceuticals (up by 10%) and Jindal Poly Films (up by 17.75%). 76 stocks also hit the lower circuit, which included names like MTNL, Dolphin, DCX Systems and more. Most broad market indices closed the day in green, with Nifty Next 50 inching up by 1.82%, Nifty 100 up by 1.66%, Nifty mid cap 50 up by 2.03%, Nifty small cap 50 up by 2.24% and micro caps up by 2.07%. The only exception to this was India VIX, which slipped by 6.68%. Amidst sectoral indices, banks rose by 1.59%, auto was up by 2.01%, financial services was up by 1.7% and FMCG was up by 1.48%. IT (up by 2.89%), media (up by 2.09%) and realty (up by 2.49%) inched up over 2% during the day, while metals and consumer durables moved up by 1% each. Santosh Meena, Head of Research, Swastika Investmart Ltd notes that Indian markets joined the <keyword id="21476120" type="General" weightage="20" keywordseo="global-rally" source="keywords">global rally</keyword> today, rebounding after a brief period of underperformance driven by <keyword id="19950996" type="General" weightage="20" keywordseo="FIIs" source="keywords">FIIs</keyword>' selling in both the cash and F&amp;O segments. Concerns over slightly weaker earnings, high valuations, and the Hindenburg issue had weighed on the market recently. However, a shift in global sentiment from panic to optimism has fueled today's upturn. "Several factors have contributed to this <keyword id="20016146" type="General" weightage="20" keywordseo="bullish-momentum" source="keywords">bullish momentum</keyword>. The fear of a reversal in the yen carry trade has subsided, and strong retail sales figures, along with better-than-expected job data, have alleviated concerns about a potential U.S. recession. Additionally, the market is now fully pricing in a 25 basis point rate cut by the U.S. Federal Reserve in September, further boosting <keyword id="20322632" type="General" weightage="20" keywordseo="investor-confidence" source="keywords">investor confidence</keyword>. If the Nifty can sustain above its 20-DMA, around 24,500, the bullish momentum could extend towards the 24,800-25,000 zone. On the downside, the 24,200 level now serves as a key support", he continued. Ajit Mishra – SVP, Research, Religare Broking Ltd noted that markets staged a robust recovery on Friday, gaining nearly 1.5%, driven by positive global cues. After opening with a gap-up, the Nifty initially lost all its gains in the early hours but rebounded due to strong buying interest in select heavyweight stocks. As a result, the Nifty decisively crossed the resistance at 24,400, closing near the day's high at 24,541.15. The rally was broad-based across sectors, with IT, realty, and auto stocks leading the gains. The broader indices also showed a solid recovery, each advancing nearly 2%. "With the Nifty breaking out of its consolidation phase, it appears poised to close the gap around the 24,700 level. If there is any dip, the 24,300-24,400 zone should provide support. We recommend aligning trades with a focus on stock picking. In the absence of any major domestic triggers, attention will remain on global market performance for further cues", said Mishra.

Stock market closing: Sensex climbs over 1,000 points to close the week, Nifty ends the day at over 24k mark

The <keyword id="19950208" type="General" weightage="20" keywordseo="BSE-Sensex" source="keywords">BSE Sensex</keyword> climbed up by as much as 1,400 points during the day, to close at 84544.31. Nifty wasn't far behind, inching up over 1% during the day to close at 25790.95. What is driving this rally? And this is not just the secondary market. The primary market, i.e. IPO subscriptions are also witnessing a stellar surge in investor interest. The IPOs of Northern Arc Capital and Arkade Developers, which closed yesterday, were oversubscribed 117 times and 113 times, respectively, largely on the back of significant investments made via the QIB and NII categories. But the question is, what is driving this frenzy, which comes on the heels of the Fed's recent announcement slashing interest rates by a significant 50 basis points? Experts explain that the most direct impact of the rate cut comes in the form of higher <keyword id="20078820" type="General" weightage="20" keywordseo="foreign-capital-inflows" source="keywords">foreign capital inflows</keyword> into emerging markets like India. The impending anticipation of this is what is driving the rally witnessed in the stock market today. As per data from NSDL’s FPI monitor, foreign investors infused a net total of Rs 2,341.64 crore in Indian equity markets via stock exchanges, as of September 19th, 2024. Data shows that September has seen inflows of around Rs 27,862 crores in first half of September. This is around 4 times the flows seen during the entire month of August. Just within this week (till September 19), FPI inflows have touched Rs 5,419 crores. Palka Arora Chopra. Director, <keyword id="23251477" type="General" weightage="20" keywordseo="Master-Capital-Services" source="keywords">Master Capital Services</keyword> Ltd explains that the current upswing in the stock market results from market forecasts of increased foreign inflows into India following the Fed rate decrease. “This, combined with the fact that US jobless claims are at their lowest since May 2024, have alleviated concerns about the US labor market failing, rather, it is simply slowing down. This is also why the Dow Jones Industrial Averages and S&amp;P 500 index surged to 1.7%, and Asia saw a rise in markets across Korea, Japan, and Hong Kong”, she continued. Riding on the tide of higher foreign inflows is the strengthening of Indian Rupee. Already, the rupee has regained strength from a high of 84.0 to 83.7 over the last week, and this trend may continue in the near term. Santosh Meena, Head of Research, Swastika Investmart Ltd notes that historically, emerging markets tend to outperform during the onset of a rate-cut cycle in the U.S. “Indian markets, backed by robust fundamentals, remain resilient despite concerns over valuations. Large-cap stocks, particularly in the private banking sector, continue to look attractive, fueling the current bullish momentum. This positive trend is expected to persist unless significant negative developments arise on the domestic or global front”, he highlights. Mr. Pradeep Gupta, Co-founder &amp; Vice-chairman, Anand Rathi Group notes that this rate cut comes with some short-term benefits for the country, which means stronger rupee and potential capital inflows. "A stronger rupee would make imports cheaper, potentially improving India’s trade balance. However, these advantages may be temporary if the US economy continues to weaken. The Reserve Bank of India (RBI) may follow the Fed’s lead but not immediately. Improved global sentiment could drive a rally in <keyword id="19991358" type="General" weightage="100" keywordseo="Indian-markets" source="keywords">Indian markets</keyword>, as emerging economies like India become more attractive to investors", notes Gupta. But note that in the longer term, the direction of the Indian stock market will depend largely on global economic conditions, and particularly the health of the US economy. If the US achieves a “soft landing”, as is targeted by Fed, and avoids a recession, Indian equities may experience gradual growth. However, if the global outlook deteriorates, Indian markets—especially mid and small-cap segments, could come face to face with increased volatility and market downturns. <h2>What should your investment strategy be?</h2>SEBI registered Investment Advisor Gaurav Goel advises having a thorough look at your portfolio whenever the equity markets hit a fresh high. Look, it is practically impossible to time the markets. But, as a smart investor, markets hitting a fresh high is a good time to rebalance your portfolio, so that you can cushion your funds from any significant downturn that will invariably stem from any market downturns thereafter "When equities hit all time highs, there is a natural tendency of equity component of your asset allocation to breach the prescribed asset allocation. In such a situation, on should reassess the asset allocation and shave off excess percentages from the equity allocation to revert to the mean". Goel also suggests hedging a portion of your portfolio by buying naked long dated put options on benchmark index like Nifty 50. This way, you'd be able to benefit from a decrease in the prices of underlying assets, without having to own it. But most importantly, "At these crests, its important to shuffle your portfolio. Remove the crap, low-value stocks that might have made their in your portfolio during bullish phase, and replace with high quality stocks. Shift your assets more toward the large cap stocks/index funds where the volatility would be less or towards sector/market caps, which are less expensive on valuations", Goel continued. As for traders looking to make the most of the ongoing upward trajectory of the market, Osho Krishan, Senior Analyst, Technical &amp; Derivatives, Angel One, advises "capitalizing on the upward momentum by taking profits, rather than adopting an aggressive stance in the overbought territory". "From a technical perspective, we have entered a phase where the market is overbought, as indicated by various metrics. Therefore, it is crucial to avoid complacency and instead adopt a practical and realistic approach to the current situation", he continued. Anirudh Garg- Founder and Fund Manager at Invasset PMS explains that "When markets hit an all-time high, investors need to reassess their strategies to navigate potential risks while still capitalizing on opportunities. However, it’s essential to understand that not every market high signals overvaluation. There’s a key difference between markets reaching record levels and being fundamentally expensive. Identifying this distinction helps avoid premature decisions based solely on market peaks". "In particular, when mid-cap and small-cap stocks exhibit stretched valuations, investors should shift their focus to high-quality companies. These are firms with robust balance sheets, consistent earnings growth, and strong competitive advantages, often found in sectors linked to steady inflation", says Garg. Naturally, quality stocks tend to be more resilient in volatile environments, offering stability and better protection against downside risk. Also, don't forget to keep an eye out for the risk-reward ratio, which becomes critical during expensive markets. This involves diversifying portfolios, avoiding overexposure to overheated sectors, and focusing on capital preservation while seeking reasonable returns. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Indian markets surging to all time highs today: What's happening post Fed decision?

Benchmark <keyword id="19976022" type="General" weightage="20" keywordseo="stock" source="keywords">stock</keyword> indices <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> rallied more than 1.6 per cent to close at lifetime high levels on Thursday following buying in banking, oil and auto shares and a record dividend payout by the RBI to the government. Regaining the 75,000 level after its best single-day gain since January 29, the 30-share <keyword id="35140" type="General" weightage="20" keywordseo="BSE" source="Orion">BSE</keyword> Sensex closed at all-time peak of 75,418.04, up by 1,196.98 points or 1.61 per cent over the last close. During the day, it zoomed 1,278.85 points or 1.72 per cent to reach its all-time intra-day high of 75,499.91. The <keyword id="6354646" type="General" weightage="20" keywordseo="NSE" source="Orion">NSE</keyword> Nifty inched closer to the record 23,000 mark during the day. It went up by 369.85 points or 1.64 per cent to 22,967.65. During the day, it jumped 395.8 points or 1.75 per cent to 22,993.60 -- its intra-day record peak. Among the Sensex firms, Mahindra &amp; Mahindra, Larsen &amp; Toubro, Axis Bank, Maruti, UltraTech Cement, IndusInd Bank, HDFC Bank, Bharti Airtel, ICICI Bank, Titan, Tata Consultancy Services and Reliance Industries were the major gainers. Sun Pharma, PowerGrid and NTPC were the laggards. The <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double of budgeted expectation, helping shore up revenue ahead of a new government taking office. The RBI board, at its 608th meeting on Wednesday, approved the transfer of surplus, the central bank said in a statement. "Today, there was enthusiasm in the equity market after the RBI approved a Rs 2.1 lakh crore dividend to the government. This indicates a better fiscal position and softer bond yields going forward. As a result of this positive move, we are seeing some short covering in the market. If the election outcome aligns with current market expectations, we expect Nifty to reach new highs in the first week of June," said Neeraj Chadawar, Head - Fundamental and Quantitative Research, Axis Securities. In Asian markets, Tokyo settled in the green while Seoul, Shanghai and Hong Kong ended lower. European markets were trading mostly in the green. Wall Street ended in negative territory on Wednesday. "The Nifty index has surged to a record high after the Reserve Bank of India (RBI) announced a substantial Rs 2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Global oil benchmark Brent crude climbed 0.33 per cent to USD 82.17 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 686.04 crore on Wednesday, according to exchange data. The BSE benchmark climbed 267.75 points or 0.36 per cent to settle at 74,221.06 on Wednesday. The NSE Nifty advanced 68.75 points or 0.31 per cent to finish at 22,597.80.

Sensex, Nifty hit all-time peaks after RBI's highest-ever dividend announcement

<ul><li>Equity benchmark <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> on Thursday crashed over 1,000 points while the <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> dived below the 22,000 level due to across-the-board selloff amid general election uncertainties.</li><li>Persistent foreign fund outflows and heavy selling pressure in <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords">HDFC Bank</keyword>, L&amp;T and <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords">Reliance Industries</keyword> weighed on investor sentiment, traders said.</li><li>From the Sensex basket, Larsen &amp; Toubro tanked over 5 per cent after March quarter earnings.</li></ul>Equity benchmark Sensex on Thursday crashed over 1,000 points while the Nifty dived below the 22,000 level due to across-the-board selloff amid general election uncertainties. Besides, persistent foreign fund outflows and heavy selling pressure in HDFC Bank, Larsen &amp; Toubro and Reliance Industries weighed on investor sentiment, traders said. Declining for the third day running, the 30-share BSE Sensex dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18. The NSE Nifty dived 345 points or 1.55 per cent to 21,957.50. It tumbled 370.1 points or 1.65 per cent to 21,932.40 during the session. "The broader market witnessed volatility, underscoring caution on account of Q4 earnings and general election uncertainties, which led investors to stay on the sidelines. We expect the trend to continue in the short term as the market slid below the physiological level of 22,000. The global indices are trading with mixed cues ahead of the BOE policy meeting later today and US inflation figures due next week," Vinod Nair, Head of Research, Geojit Financial Services, said. From the Sensex basket, Larsen &amp; Toubro tanked over 5 per cent after March quarter earnings. Asian Paints, JSW Steel, ITC, Bajaj Finance, IndusInd Bank, Tata Steel, NTPC, Bajaj Finserv, HDFC Bank, Reliance Industries and Power Grid were among the laggards. In contrast, Tata Motors, Mahindra &amp; Mahindra, State Bank of India, Infosys and HCL Tech were the gainers. Meanwhile, the country's largest lender SBI reported 18.18 per cent growth in the March quarter consolidated net profit to Rs 21,384.15 crore against Rs 18,093.84 crore in the year-ago period. Hindustan Petroleum Corporation Ltd (HPCL) on Thursday posted a 25 per cent fall in its March quarter net profit on lower refining margins and announced one free bonus share for every two shares held. In the broader market, the BSE smallcap gauge declined 2.41 per cent and midcap index dropped 2.01 per cent. Among the indices, oil and gas lost 3.41 per cent, capital goods dropped 3.37 per cent, metal tanked 3.13 per cent, industrials (2.92 per cent), utilities (2.59 per cent) and commodities (2.39 per cent). On the other hand, auto emerged as the major gainer. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,669.10 crore on Wednesday, according to exchange data. "Nifty ended sharply lower led by institutional selling and traders squaring up due to nervousness on election progress. World shares were mostly lower on Thursday ahead of the Bank of England's policy decision and after the US market's pause stretched into a second day and as Chinese stocks rose after China reported better-than-expected trade figures for April," said Deepak Jasani, Head of Retail Research, HDFC Securities. In Asian markets, Shanghai and Hong Kong settled with gains, while Seoul and Tokyo ended lower. European markets were trading on a mixed note. Wall Street closed mixed in overnight trade on Wednesday. Global oil benchmark Brent crude climbed 0.48 per cent to USD 83.89 a barrel. "The market is continuously witnessing pressure ahead of the election outcome. We don't have any global reason for this correction, while some uncertainty ahead of the big event is causing profit-booking in the market. Our market has been largely driven by domestic investors, including both HNIs and institutional investors, for the last few months. "Now, they are sitting on the sidelines for the last couple of days and taking some profit off the table ahead of the big event, while FIIs are continuously selling in our market, which is pushing the market lower. The Volatility index, India VIX, has risen 70 per cent from its lows, which is also creating some uncertainty among traders and investors," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. The 30-share BSE index declined 45.46 points or 0.06 per cent to settle at 73,466.39 on Wednesday. The wider gauge Nifty remained unchanged at 22,302.50. 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Sensex tumbles over 1,000 points, Nifty falls below 22k amid election uncertainties

Benchmark indices <keyword id="6484188" type="General" weightage="20" keywordseo="sensex" source="Orion">Sensex</keyword> and Nifty closed higher on Thursday, extending the winning streak to the fifth straight session after the <keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword> unexpectedly kept policy rates unchanged as global banking woes added uncertainty to the economic outlook. Buying in index majors HDFC Bank and Reliance Industries also added to the optimism in the equity market. Bouncing back from early fall, the 30-share BSE Sensex rose by 143.66 points or 0.24 per cent to settle at 59,832.97. During the day, it advanced 260.75 points or 0.43 per cent to 59,950.06. The broader NSE Nifty gained 42.10 points or 0.24 per cent to finish at 17,599.15 after falling in initial trade. After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept benchmark rate unchanged as global banking woes added uncertainty to the economic outlook. <keyword id="64190" type="General" weightage="20" keywordseo="rbi-governor" source="Orion">RBI Governor</keyword> <keyword id="6359111" type="General" weightage="20" keywordseo="Shaktikanta-Das" source="Orion">Shaktikanta Das</keyword> however pledged to hike interest rate again if needed, saying the decision to pause was "for this meeting only". The RBI's six-member Monetary Policy Committee voted unanimously to keep the repurchase or repo rate unchanged at 6.50 per cent. Most analysts had expected one final hike of 25 basis points in RBI's current tightening cycle before hitting a pause. "RBI's pause is like Sachin stroke on a tricky pitch but with eyes set in and having the luxury of hitting the ball where ever he wanted. RBI had the option of a rate hike or a pause. The pause was not entirely unexpected. "RBI will watch developments and data before taking the next call. The market expects RBI to fetch maximum run and win the match on inflation and growth, no matter which direction they hit the ball," said Nilesh Shah, MD, Kotak Mahindra Asset management Company Ltd. Among the Sensex firms, Bajaj Finance emerged as the biggest gainer by climbing 2.95 per cent. Tata Motors, Bajaj Finserv, IndusInd Bank, Sun Pharma, Mahindra &amp; Mahindra, State Bank of India, Larsen &amp; Toubro, HDFC, HDFC Bank, Maruti, Reliance Industries and Bharti Airtel were the other major winners. HCL Technologies, Axis Bank, ICICI Bank, Tech Mahindra and Titan were among the laggards. RBI astonished the market by pausing policy rates; nonetheless, there was some talk about this unexpected statement, which keeps it ahead of other major central banks across the world, said Santosh Meena, Head of Research, Swastika Investmart Ltd. "The market is in a good mood, and this policy provides us with further cause to rejoice. However, given that we have witnessed a good recovery from recent lows and that we have a long weekend and a weekly expiry, some profit-taking or consolidation cannot be ruled out," Meena added. In Asian markets, Seoul, Japan and Shanghai ended lower, while Hong Kong settled in the green. European equity markets were trading in positive territory during the afternoon trade. The US markets ended mostly lower on Wednesday. "The Reserve Bank of India has made a prudent decision to pause the rate hike, considering the uncertainty prevailing in the global financial market and the potential challenges that may arise for India's growth due to the lack of clarity on the El-Nino phenomenon. The RBI's decision to take a pause is aimed at supporting growth in the economy. "While the Governor of the RBI has indicated that the pause in the rate hike is applicable only for this meeting, the central bank remains highly vigilant about the growth in the economy and will assess the situation carefully before taking any future rate hikes. In these uncertain times, the RBI recognizes that another rate hike could potentially hamper the growth momentum of the economy," said Sunil Damania, Chief Investment Officer, MarketsMojo. The Sensex had surged 582.87 points or 0.99 per cent to settle at 59,689.31 on Wednesday. The Nifty had jumped 159 points or 0.91 per cent to close at 17,557.05. Meanwhile, global oil benchmark Brent crude dipped 0.54 per cent to USD 84.53 per barrel. Foreign Portfolio Investors (FPIs) bought equities worth Rs 806.82 crore on Wednesday, according to exchange data. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rbi-revises-indias-fy24-growth-outlook-expects-softer-inflation-on-the-back-of-lower-commodity-prices/articleshow/99290005.cms">RBI revises India’s FY24 growth outlook, expects softer inflation on the back of lower commodity prices</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/to-make-good-returns-you-neednt-shop-for-investment-products-you-need-to-be-an-investor/articleshow/99286565.cms">‘To make good returns, you needn’t shop for investment products, you need to be an investor’</a>

You Searched For "santosh meena" and got 13 results

Small stocks lag behind in FY23; take bigger hit than bluechip firms

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Global headwinds continue to drag equity markets down

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Sensex sheds 1,000 points and Nifty 331 as fear of a recession looms

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Massacre continues on Sensex and Nifty as foreign investors withdraw Rs 97,205.42 crore in October

Ira Alok Puranik

RBI interest rate decision, macroeconomic data and global trends the major factors driving market trends: Analysts

PTI

Stock markets to take cues from global trends, FII trading activity in coming week: Analysts

PTI

Investors become poorer by Rs 9.51 lakh crore as markets crash

PTI

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

PTI

Stock market closing: Sensex climbs over 1,000 points to close the week, Nifty ends the day at over 24k mark

Ira Alok Puranik

Indian markets surging to all time highs today: What's happening post Fed decision?

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Sensex, Nifty hit all-time peaks after RBI's highest-ever dividend announcement

PTI

Sensex tumbles over 1,000 points, Nifty falls below 22k amid election uncertainties

PTI

Sensex, Nifty rise for fifth day in a row; financial shares advance on RBI policy decision

PTI

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