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Sensex, Nifty erase early losses; Analysts eye US-India trade cues
Sensex, Nifty erase early losses; Analysts eye US-India trade cues

Business Standard

time3 days ago

  • Business
  • Business Standard

Sensex, Nifty erase early losses; Analysts eye US-India trade cues

At 11:50 AM, BSE Sensex was trading at 82,469.36, down by over 100 points or 0.12 per cent. Whereas, Nifty was just trading below 25,200 level, down by over 25 points or 0.10 per cent. Harshita Dudeja New Delhi Stock market today: Benchmark equity indices erased early losses and continued to trade range-bound after a volatile start to the week. While markets did gain momentum in the previous trading session, D-Street was back in the red on Wednesday. At 11:50 AM, BSE Sensex was trading at 82,469.36, down by over 100 points or 0.12 per cent. Whereas, Nifty was just trading below 25,200 level, down by over 25 points or 0.10 per cent. Broader markets also signalled mixed trends. The Nifty Midcap 100 was just marginally up, quoting 59,617. Meanwhile, the Nifty smallcap 100 remained flat, trading at 19,115 level. Sectorally, Nifty auto was among the worst-performing indices, trading at 23,773, down by 0.55 per cent. Nifty metal followed suit and was down by 0.46 per cent, quoting 9,369. Nifty Media, however, was among the best-performing sectoral indices, up by 1.29 per cent and trading at 1,758. Nifty IT also showcased some strength, experiencing a surge of 0.51 per cent, quoting 37,616. Top gainers & losers From the Sensex pack, Tech Mahindra, Adani Ports, Infosys, Asian Paints and SBI were among the top gainers. On the other hand, Eternal (Zomato), Sun Pharma, Mahindra and Mahindra, Tata Steel and Bajaj Finserv were among the top losers. Shares of HDB Financial Services hit a record low of ₹809.05 after the company reported a drop in profit levels to ₹569 crore in Q1FY25 from ₹582 crore recorded in the corresponding quarter of the previous fiscal. Big names in the insurance industry, including HDFC Life, ICICI Lombard and ICICI Prudential, remained in focus after announcing results for the first quarter of the financial year 2025-2026 (Q1FY26). At 12:25 PM, HDFC Life shares were trading at 760.50, marginally up by 0.48 per cent on the National Stock Exchange. Meanwhile, ICICI Lombard shares were trading at 2,025.90, up by 1.16 per cent. Shares of Dixon Technologies also gained heightened investor attention after the company announced another joint venture (JV), pushing share prices above 3 per cent. 'Wait and watch' mode Uncertainty on the macroeconomic front continues to weigh on the markets, with analysts seeing limited chances of a breakout in the near term. While surprises on the earnings front or developments in trade tariffs could stir activity, investors largely remain in wait-and-watch mode. As for now, the overall sentiment continues to be cautiously optimistic. "Given the current environment marked by uncertainty and elevated volatility, traders are advised to adopt a cautious 'wait and watch' approach, particularly with leveraged positions. Booking partial profits on rallies and employing tight trailing stop-losses is recommended," said Aakash Shah, technical research analyst at Choice Equity Broking. "Fresh long positions can be considered only if Nifty sustains above the 25,250 mark," he added.

PSBs, Oil & Gas stocks boost benchmarks in 4th straight upday; SMIDs gain
PSBs, Oil & Gas stocks boost benchmarks in 4th straight upday; SMIDs gain

Business Standard

time27-06-2025

  • Business
  • Business Standard

PSBs, Oil & Gas stocks boost benchmarks in 4th straight upday; SMIDs gain

Shares of public sector banks and oil & gas-related companies were in high demand as the benchmark Indian equity indices — BSE Sensex and NSE Nifty50 — continued their northward march for the fourth consecutive session during intraday trade on Friday, June 27. The sentiments remain favourable among the broader as well as the sectoral markets, with steady buying seen across the counters. At last check, the BSE Sensex was trading higher by 168 points, or 0.20 per cent, at 83,924. The index has so far fluctuated in the range of 83,985.09–83,645.41 during the session. Similarly, the NSE Nifty50 was trading at 25,614, up 65.50 points, or 0.26 per cent. The index was seen at an intraday high of 25,622.50 on Friday. Nifty50 eyes 25,700–25,750 Technically, the Nifty50 index, Aakash Shah, technical research analyst at Choice Broking, believes, is well-positioned above its 10-day and 20-day EMAs, while the RSI crossing 65 indicates rising momentum. As long as Nifty holds above key support levels, Shah sees a buy-on-dips approach as favorable, within further upside towards 25,650 possible. "Nifty gave a strong breakout above its recent consolidation, showing rising optimism among traders. Heavy put writing and call unwinding also confirmed bullish strength. With no major resistance till 25,700–25,750, the rally may extend 150–200 points. Support now lies around 25,300–25,350, keeping the trend firmly positive," said Shah. Furthermore, Jio Financial Services, IndusInd Bank, Power Grid Corporation of India, Asian Paints, and Adani Enterprises were leading the gains among the Nifty50 constituent stocks, rising higher in the range of 4.70 per cent to 1.61 per cent. Conversely, Bajaj Finance, Dr Reddy's Laboratories, Grasim Industries, Eicher Motors, and Bajaj Finserv were among the top laggards of the benchmark constituents, trading lower in the range of 1.31 per cent to 0.95 per cent. Broader markets trade higher Among the broader markets, Nifty Midcap100 and Nifty Smallcap100 indices were trading higher by 0.70 per cent and 0.80 per cent, respectively. Himadri Speciality Chemical was the lead gainer in the space, rising higher by 13.48 per cent. Godfrey Phillips India, Adani Total Gas, Hindustan Petroleum Corporation (HPCL), and Bharti Hexacom were among other gainers in the space, trading higher by up to 6 per cent during intraday deals. Nifty Oil & Gas, PSU Bank indices outperform Nifty Oil & Gas, and PSU Bank indices were outperforming other sectoral indices as well as the benchmarks, ruling higher by 1.29 per cent, and 1.01 per cent, respectively. Adani Total Gas, Gujarat State Petronet, and Mahanagar Gas were among the gainers of Nifty Oil & Gas constituents, rising higher up to 5.6 per cent. Bank of Maharashtra, Union Bank of India, and Punjab & Sind Bank were leading among the Nifty PSU Bank index constituents, trading higher over 1 per cent each. Barring the Nifty Realty index (down 0.94 per cent), all the other sectoral indices on the NSE traded higher during intraday trade on Friday. Market breadth remains positive Market breadth remained positive, with 1,766 out of 2,754 stocks trading higher, 914 trading lower, and 74 unchanged on the NSE during the intraday deals. As many as 70 stocks were quoting at 52-week highs on the NSE, while 18 touched 52-week lows. The number of stocks hitting the upper circuit rose to 76, while 28 were hitting their lower circuit limits. The market cap of the total listed companies on the NSE stood at ₹5.31 trillion. Meanwhile, the India VIX, which gauges volatility in the markets, was trading lower by 1.13 per cent at 12.45 points.

Indian equity benchmarks muted; dip in financials offsets wider rally
Indian equity benchmarks muted; dip in financials offsets wider rally

Business Recorder

time27-06-2025

  • Business
  • Business Recorder

Indian equity benchmarks muted; dip in financials offsets wider rally

India's equity benchmark indexes were little changed in early trade on Friday, as a dip in heavyweight financials at near record highs offset a broader rally fueled by upbeat global cues. The Nifty 50 added 0.07% to 25,569.4 points and the BSE Sensex rose 0.08% to 83,834.11 as of 10:15 a.m. IST. 'The Nifty's breakout above its recent consolidation indicates rising optimism among traders,' said Aakash Shah, technical research analyst at Choice Broking. Nine of the 13 major sectors advanced. However, financials and banks lost 0.6% and 0.4%, respectively, after climbing to record highs a day earlier. Private lender HDFC Bank, the heaviest stock on the benchmarks, fell 1%, and was on course to snap a three-session winning streak in which it gained 3.8%. IT companies, which earn a significant share of their revenue from the U.S., rose 0.8% on expectations of an early rate cut by the Federal Reserve and reports of a U.S.-China agreement on rare earth shipments. Indian shares have risen over the last three sessions on the back of an easing conflict in the Middle East. Reliance, financials lead rise in Indian shares The share benchmarks are trading less than 3% below their all-time highs, making valuations 'stretched' and triggering some profit booking, according to two analysts. The metals index gained 1%, making it the top sectoral gainer, as a weaker dollar made the greenback-denominated assets cheaper for holders of other currencies. Both Hindustan Copper and Vedanta rose about 2.5%. Mahindra Lifespace Developers gained 2% after securing a redevelopment project in Mumbai with a gross development potential of 12.50 billion rupees ($146 million). On the day, the broader small-caps and mid-caps rose about 0.8% and 0.7%, respectively.

Zerodha's Nikhil Kamath Invests in Creative Agency One Hand Clap Media
Zerodha's Nikhil Kamath Invests in Creative Agency One Hand Clap Media

Entrepreneur

time20-06-2025

  • Business
  • Entrepreneur

Zerodha's Nikhil Kamath Invests in Creative Agency One Hand Clap Media

You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Zerodha co-founder Nikhil Kamath has invested in One Hand Clap Media, a creative agency started by former AIB heads Aakash Shah and Naveed Manakkodan. The financial details of the deal have not been disclosed. One Hand Clap Media focuses on digital-first storytelling, producing ad films, creative campaigns, and managing digital mandates. The agency has worked with leading brands like Swiggy, Netflix India, CRED, BGMI, and Bumble. Speaking about the investment, Aakash Shah, Co-founder of One Hand Clap Media, said, "Nikhil gets our DNA, and our visions align. We both never cared for the status quo; we have always aimed to disrupt it, defy the metrics and algorithms to tell stories, not just campaigns for our clients." With its roots in satire and digital media, the agency aims to challenge traditional models with bold, fast, and efficient creative work for digital platforms.

Nikhil Kamath backs creative agency One Hand Clap
Nikhil Kamath backs creative agency One Hand Clap

Time of India

time19-06-2025

  • Business
  • Time of India

Nikhil Kamath backs creative agency One Hand Clap

Entrepreneur and investor Nikhil Kamath has invested in One Hand Clap Media , a creative agency founded by former All India Bakchod (AIB) executives Aakash Shah and Naveed Manakkodan . The financial terms of the deal were not disclosed. The investment is part of Kamath's broader effort to support India's creative and entrepreneurial ecosystem. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: 1 simple trick to get all TV channels Techno Mag Learn More Undo One Hand Clap is positioning itself as a partner of choice for Indian brands seeking digital-first, culturally relevant campaigns. With a focus on fast, efficient, and high-impact storytelling, the agency has worked with prominent brands such as Swiggy , Netflix India, BGMI, Bumble, CRED, Ather, EMotorad, and Prime Video India. Live Events The agency's work spans ad film production, digital campaign execution, and influencer marketing. 'Nikhil gets our DNA, and our visions align,' said Aakash Shah, co-founder of One Hand Clap. 'We both never cared for the status quo; we have always aimed to disrupt it, defy the metrics and algorithms to tell stories, not just campaigns for our clients." Co-founder Naveed Manakkodan added: 'Nikhil's investment validates our thesis that in today's rapidly evolving digital landscape, speed and authentic storytelling are paramount. This partnership fuels our ambition to redefine the agency model, delivering impactful creative solutions with unparalleled agility."

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