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Stock Market LIVE: Nifty, Sensex off lows; HDFC Bank, Infy gain; Bulls ahead in breadth; SMIDs waver
11:07 AM
Stock Market LIVE Updates: 11 AM Update- Sensex down 170 pts; Nifty below 25,150
Stock Market LIVE Updates: BSE Sensex, around 11 AM, was lower by 170 points or 0.20 per cent at 82,404 and NSE Nifty50 was at 25,141.7, down 54.1 per cent or 0.21 per cent.
Selling was seen in metal, pharma, auto, and private bank counters.
10:45 AM
Stock Market LIVE Updates: Bernstein expects markets to consolidate; sees Nifty at 26,500 by 2025-end
Stock Market LIVE Updates: After a sharp run from April lows that saw the Nifty 50 index rise nearly 13 per cent till date, analysts at Bernstein expect the markets to undergo a consolidation phase amid mixed macro-economic signals.
They maintain a calendar year-end target of 26,500 for the Nifty 50, which is a modest 5.1 per cent higher from the current levels. READ MORE
10:18 AM
Stock Market LIVE Updates: HDFC Bank stock up 1% as board to mull bonus, special dividend on July 19
Stock Market LIVE Updates: HDFC Bank shares gained 1.3 per cent at ₹2,021.90 on the BSE in Wednesday's intra-day trade after the bank said it shall consider its maiden bonus issue on Saturday, July 19, 2025. The board will also consider a special dividend on equity shares for the financial year 2025-26 (FY26).
The stock price of the private sector lender was trading close to its record high of ₹2,027.90 touched on June 26, 2025. In the past six months, HDFC Bank has outperformed the market by surging 22 per cent, as compared to 7 per cent rise in the BSE Sensex. READ MORE
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Mint
17 minutes ago
- Mint
Stocks to buy or sell: Osho Krishan of Angel One suggests buying LIC Housing, Tata Power shares today
Stock market today: Indian stock indices remained largely unchanged at the start of trading on Thursday, reflecting the cautious mood in Asian markets, as ambiguity surrounding the future of Federal Reserve Chair Jerome Powell created unease among investors. Investors maintained their attention on the current first quarter earnings season, which is still the main influence on market sentiment. At 9:15 IST, the Nifty 50 was up 0.07% at 25,230.75 points, while the BSE Sensex rose 0.14% to 82,753.53. Osho Krishan of Angel One, believes Nifty 50 is poised to have a breakthrough above the level of 25,250 (20-DEMA). Krishan recommends two stocks to buy today. Here's what he says about the overall market. Technically, there have been insignificant developments in the benchmark index as it settled on a muted note. The 20 DEMA withholds significant resistance for the consecutive sessions, putting a restriction on the bulls. In order to establish upward momentum in the index, it is crucial to achieve a sustained breakthrough above the level of 25,250 (20-DEMA). Successfully surpassing this threshold is anticipated to create positive momentum, thereby leading the index towards the next significant resistance zone at 25,320-25,350, which corresponds to a Bearish Gap. On the downside, it is projected that the level of 25,100-25,080 will serve as a support mechanism, providing a buffer against any forthcoming declines, followed by the pivotal support level positioned at the 25,000 mark, recognized for its importance in maintaining overall market stability. Looking ahead, with the weekly settlement in mind, some volatility is likely to persist, necessitating the implementation of appropriate risk management strategies. Additionally, reiterating our previous perspective on emphasizing thematic movers remains prudent, given the widespread activity in our markets. On stocks to buy on Thursday, Osho Krishan of Angel One recommended two stocks - LIC Housing Finance Ltd, and Tata Power Company Ltd. LIC Housing share price has witnessed a strong consolidation breakout in the last trading session, backed by robust volumes. The recent surge led to key technical developments of multiple positive crossovers among EMAs and 200 DSMA. Furthermore, the momentum indicators show a strong alignment with this upward trend, suggesting that the momentum is likely to persist in the forthcoming period. Hence, we recommend to BUY LIC Housing shares around ₹ 630, keeping a stop loss of ₹ 600 for a potential upside Target of ₹ 678. Tata Power share price has exhibited a pronounced increase in both price and trading volume following a period of robust consolidation near the 20-DEMA and the 200-SMA. This recent upward movement has led to a favorable crossover between the 50-day EMA and the 200-day SMA, which reinforces the overall bullish sentiment. Furthermore, the MACD signal line presents a positive configuration near the zero line, thereby strengthening the bullish outlook. Hence, we recommend to BUY Tata Power shares around ₹ 410, keeping a stop loss of ₹ 395 for a potential upside Target of ₹ 435. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17 minutes ago
- Mint
Nifty, Sensex open flat, cautious in tandem with Asian indices, Jio Financials, Axis bank, Wipro to announce results
Mumbai (Maharashtra) [India], July 17 (ANI): Indian stock markets opened flat but in the green on Thursday, tracking cautious movement in other Asian markets. Investors continued to focus on the ongoing first quarter earnings season, which remains the primary driver for market sentiment. The Nifty 50 index opened at 25,230.75, gaining 18.70 points or 0.07 per cent, while the BSE Sensex began the session at 82,753.53, up by 119.05 points or 0.14 per cent. Banking and market expert Ajay Bagga told ANI, "'Will he, won't he' was the drama moving markets yesterday. At first, a White House aide revealed that Trump is going to fire Fed Chair Powell and has discussed it with lawmakers. Markets fell, the US dollar fell, and Treasury yields went up. Then, after seeing the market reaction, Trump said he is not going to fire Powell. Markets recovered. But Trump added a footnote, saying, unless Powell is held responsible for fraud. Markets started coasting, holding their breath. This drama is consuming a lot of attention when there are a host of positives which should be taking the markets up." He further added "Indian markets are finding it tough to catch the retail flows and soar due to the continued FPI pessimism, with FPI net short positions once again past the 80 per cent. What is needed is a boost to the economy via GST cuts and a fiscal stimulus. Neither are seen on the horizon. One hope is the huge road contracts that NHAI is going to start signing. This will boost employment, cement, steel , construction and infra stocks. Banks should benefit as well". In a major development on the global trade front, U.S. President Donald Trump announced a trade deal with Indonesia. Jakarta will now pay a reduced 19 per cent tariff on its exports to the U.S., down from the 32 per cent levies announced last week following talks with Washington. Among broader market indices on the NSE, all major indices except the Nifty 100 opened in green. The Nifty Midcap 100 rose by 0.15 per cent, while the Nifty Smallcap 100 gained 0.32 per cent at the time of filing this report. In the sectoral indices, Nifty Auto gained 0.25 per cent, Nifty FMCG and Capital Goods rose 0.14 per cent, Nifty Media was up 0.20 per cent, Nifty Metal surged 0.26 per cent, Nifty Pharma rose 0.58 per cent, and Nifty Realty surged 1.11 per cent. Nifty IT was slightly down by 0.01 per cent. Shrikant Chouhan, Head of Equity Research at Kotak Securities, said, "We believe 25,100/82,300 will remain a key support zone for traders. As long as the market remains above this level, the bullish trend is likely to persist. On the upside, the market could bounce back to the 20-day SMA or 25,350/83,200. Further upside could even take the market to 25,500/83,800. Conversely, below 25,100/82,300, the trend may change. If the market moves below this level, it may fall towards the 50-day SMA or the 25,000-24,900/82,000-81,700 zone." Several major companies are scheduled to announce their Q1 results today. These include Axis Bank, Wipro, Jio Financial Services, LTIMindtree, HDFC Asset Management Company, Indian Hotels Company, Polycab India, Tata Communications, 360 ONE WAM, LMW, Ceat, Clean Science & Technology, Newgen Software Technologies, Nuvoco Vistas Corporation, Waaree Renewable Technologies, and Alok Industries. In other Asian markets, a mixed trend was visible. Japan's Nikkei 225 was down by 0.15 per cent, Singapore's Straits Times gained 0.31 per cent, Hong Kong's Hang Seng declined 0.16 per cent, Taiwan's Weighted Index was flat in green, and South Korea's KOSPI slipped by 0.35 per cent. (ANI)
Mint
17 minutes ago
- Mint
Tech Mahindra's share price falls over 2% after Q1 results; should you buy, sell, or hold the IT stock?
Tech Mahindra's share price declined over 2 per cent in morning trade on the NSE on Thursday, July 17, a day after the IT firm reported its June quarter (Q1FY26) results. Tech Mahindra share price opened at ₹ 1,583.40 against its previous close of ₹ 1,607.90 and dropped 2.21 per cent to an intraday low of ₹ 1,572.30. The IT stock traded 1.40 per cent down at ₹ 1,585.40 around 9:50 AM. The Nifty 50 was 0.08 per cent down at 25,191 at that time. Tech Mahindra's share price has been under pressure in July, falling nearly 6 per cent, and looking set to snap its three-month winning streak. Year-to-date, Tech Mahindra stock has fallen nearly 7 per cent compared to a 13 per cent fall in the Nifty IT index and a 6 per cent gain in equity benchmark Nifty 50. (This is a developing story. Please check back for fresh updates.) Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
