Sensex opens 82 points higher, Nifty below 25,500; Bajaj Finance up 2%
Trent fell the most at 7.50%, followed by Tata Steel down 1.12%. Tech Mahindra dropped 0.92%, Maruti Suzuki declined 0.42%, and Asian Paints slipped 0.25%.The Nifty indices opened with mixed performance. Nifty Midcap 100 gained 0.08%, Nifty Smallcap fell 0.04%, while India VIX rose 0.94%, showing increased market volatility.Several sectors posted gains at the opening. Nifty Realty led with a 0.46% rise, followed by Nifty FMCG up 0.25%, Nifty Financial Services gaining 0.24%, Nifty Media rising 0.17%, Nifty Pharma up 0.12%, Nifty Healthcare climbing 0.09%, Nifty Consumer Durables advancing 0.08%, and Nifty Oil & Gas up 0.03%.On the losing side, Nifty Metal dropped 0.30%, Nifty IT fell 0.17%, Nifty Auto declined 0.15%, and Nifty Private Bank slipped 0.13%."The cap to the upside of the range is put by the tepid earnings growth and expectations of modest earnings growth in FY26. Investors should watch for possible changes in the earnings growth trajectory, the indications of which will be available in the Q1 results, which will start coming soon," said Vijayakumar. Outperformances in results are likely to be company-specific rather than sector-specific. For instance, autos are likely to report modest numbers, but TVS, Eicher and M&M can deliver better than industry numbers. Similarly, in financials, Bajaj Finance and Sriram Finance may outperform. Therefore, market action is likely to be stock-specific," he added. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch
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The Print
an hour ago
- The Print
Stock markets muscle through intense volatility amid buying rush in heavyweights
The 50-share NSE Nifty inched up by 55.70 points or 0.22 per cent to 25,461. After oscillating between highs and lows in intra-day trade, the 30-share BSE Sensex ended 193.42 points or 0.23 per cent higher at 83,432.89. During the day, it hit a high of 83,477.86 and a low of 83,015.83, gyrating 462.03 points. Mumbai, Jul 4 (PTI) Benchmark indices Sensex and Nifty ended higher on Friday in a highly volatile trade amid a buying rush in banking and other bellwether stocks on the back of a rally in the US markets. From the Sensex firms, Bajaj Finance, Infosys, Hindustan Unilever, ICICI Bank, HCL Tech, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Consultancy Services, Reliance Industries, Axis Bank and Larsen & Toubro were among the major gainers. However, Trent, Tata Steel, Tech Mahindra and Maruti were among the laggards. 'The tone was negative in the first half; however, a decent recovery in heavyweight stocks pared all the losses as the day progressed, helping the index close near the day's high at the 25,461 level. 'With all eyes on the impending US-India trade deal as the tariff deadline approaches, participants are hopeful for a favourable outcome, which could provide the much-needed trigger for the next leg of the market up move,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The BSE midcap gauge went up by 0.23 per cent and smallcap index climbed marginally by 0.17 per cent. Among BSE sectoral indices, oil & gas jumped 1.26 per cent, energy (0.90 per cent), realty (0.87 per cent), IT (0.67 per cent), healthcare (0.64 per cent), BSE Focused IT (0.65 per cent) and teck (0.52 per cent). Metal, telecommunication, auto, consumer discretionary and commodities were the laggards. As many as 2,261 stocks advanced while 1,788 declined and 140 remained unchanged on the BSE. 'The Indian market is experiencing a pause as investors adopt a wait-and-watch strategy ahead of the impending US tariff deadline with mixed global cues. Ongoing FII outflows reflect a risk-off approach, while DII inflows are offering partial support. 'Following the recent rally, main indices are hovering near peak valuation levels, limiting further upside, which is highly dependent on Q1 earnings and details of the trade deal,' Vinod Nair, Head of Research, Geojit Investments Limited, said. In Asian markets, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled higher while South Korea's Kospi and Hong Kong's Hang Seng ended lower. European markets were trading in the negative territory. The US markets ended in the positive territory on Thursday. Global oil benchmark Brent crude dropped 1.03 per cent to USD 68.03 a barrel. Meanwhile, markets regulator Sebi has barred US-based Jane Street Group from the securities markets and directed the group to disgorge unlawful gains of Rs 4,843 crore for allegedly manipulating stock indices through positions taken in derivatives segment. This could be the highest disgorgement amount ever directed by the Securities and Exchange Board of India (Sebi). Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,481.19 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,333.06 crore. On Thursday, the Sensex dropped by 170.22 points or 0.20 per cent to settle at 83,239.47. The Nifty declined by 48.10 points or 0.19 per cent to 25,405.30. 'Indian equity markets opened on a flat note Friday as investors remained cautious ahead of a potential India–US trade agreement and digested regulatory action against a major global trading entity. Both indices dipped during mid-session but recovered to end on a positive note…,' Gaurav Garg, Analyst, Lemonn Markets Desk, said. On the weekly front, the BSE benchmark gauge dropped 626.01 points or 0.74 per cent, and the Nifty declined 176.8 points or 0.68 per cent. PTI SUM HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Deccan Herald
an hour ago
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SEBI probe in Jane Street not over, will focus on other indices, exchanges, patterns
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Time of India
2 hours ago
- Time of India
ET Market Watch: Markets up but jittery: What's spooking investors?
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Sensex up, Nifty steady... but markets are on edge! Why did the market rise despite sharp swings and global jitters? Let's break it down. Sensex gained 193 points, Nifty closed above 25,400. But… don't let the green fool you. Both indices slipped sharply from their day's highs, thanks to volatile trade, global cues, and SEBI's crackdown on Jane Street. Financials and IT stocks led the gains. Bajaj Finance rose 1.6%, and Infosys and ICICI Bank supported the rally. But Trent crashed nearly 12% after warning of slower revenue growth. Nuvama downgraded the stock post-AGM. Global markets? Mostly in the red, Europe's major indices slipped, Korea's Kospi tanked 2%, and U.S. futures dipped as investors braced for Trump's tariff deadline on July 9. SEBI barred U.S. trading firm Jane Street and froze ₹4,800+ crore over alleged manipulation in the Indian derivatives market. That shook investor confidence. Experts say markets are pausing after a strong rally. Eyes are now on Q1 earnings, Trump's tariff call, and a possible U.S.-India trade deal. Technically, Nifty's hammer candle hints at a bullish rebound, if it stays above 25,300, a jump to 25,800–26,100 is possible. Crude oil eased. Rupee ended flat. And India's market mood? Wait-and-watch mode, cautious optimism, but cracks are visible.
