Latest news with #AjitMishra
Time of India
34 minutes ago
- Business
- Time of India
Healthcare Momentum Builds: Apollo Hospitals Poised for 2–4 Month Rally
'We are witnessing noticeable traction in the healthcare space, and Apollo Hospitals is moving in line with this trend. Traders can buy for a target of Rs 8000 in the next 2-4 months,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Show more Show less
Mint
an hour ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US Tax bill to India-US trade deal
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Wednesday, following mixed global market cues. Asian markets traded mostly lower, while the US stock market ended mixed, with the Nasdaq and the S&P 500 closing in the red. On Tuesday, the Indian stock market ended with modest gains, with the benchmark Nifty 50 holding above 25,500 level. The Sensex rose 90.83 points, or 0.11%, to close at 83,697.29, while the Nifty 50 settled 24.75 points, or 0.10%, higher at 25,541.80. 'We reiterate our 'buy on dips' view, with a strong emphasis on stock selection. However, participants should adopt a cautious stance on the broader market given the overbought conditions in select pockets,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mostly lower on Wednesday, tracking overnight mixed cues from Wall Street. Japan's Nikkei 225 fell 1.32%, and the Topix declined 0.64%. South Korea's Kospi dropped 0.42%, while the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a higher opening. Gift Nifty was trading around 25,680 level, a premium of nearly 37 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices. US stock market ended mixed on Tuesday, dragged down by weakness in large-cap tech stocks. The Dow Jones Industrial Average gained 400.17 points, or 0.91%, to 44,494.94, while the S&P 500 declined 6.94 points, or 0.11%, to 6,198.01. The Nasdaq Composite ended 166.84 points, or 0.82%, lower at 20,202.89. Tesla share price plunged 5.4%, Nvidia stock price declined 2.97%, Advanced Micro Devices shares dropped 4.08%, while Apple stock price gained 1.29%. The Republican-controlled US Senate passed President Donald Trump's tax and spending bill, approving a massive package that would enshrine many of his top priorities into law and add $3.3 trillion to the national debt. The bill will move to the House for final approval. The US and India are nearing a deal to lower tariffs on American imports to the South Asian country and to help India avoid levies imposed by the Trump administration rising sharply next week, Treasury Secretary Scott Bessent said. US job openings unexpectedly increased in May. Job openings were up 374,000 to 7.769 million by the last day of May, the Job Openings and Labor Turnover Survey, or JOLTS report showed. Economists polled by Reuters had forecast 7.30 million vacancies. There were 1.07 jobs for every unemployed person, up from 1.03 in April. US manufacturing remained sluggish in June. The Institute for Supply Management (ISM) said that its manufacturing PMI nudged up to 49.0 last month from a six-month low of 48.5 in May. It was the fourth straight month that the PMI was below the 50 mark, which indicates contraction in the sector. Economists polled by Reuters had forecast the PMI little changed at 48.8. Gold prices held steady ahead of US payroll data. Spot gold price was stable at $3,338.22 per ounce, while US gold futures were unchanged at $3,347.80. (With inputs from Reuters) 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.
The Print
10 hours ago
- Business
- The Print
Stock markets close higher on buying in Reliance, HDFC Bank
The 50-share NSE Nifty gained 24.75 points or 0.10 per cent to close at 25,541.80. The 30-share BSE Sensex rose by 90.83 points or 0.11 per cent to settle at 83,697.29 with 13 of its constituents closing higher and 17 in the red. During the day, it rallied 267.83 points or 0.32 per cent to 83,874.29. Mumbai, Jul 1 (PTI) Benchmark stock indices Sensex and Nifty closed higher in a range-bound trade on Tuesday, helped by gains in index heavyweight Reliance Industries and HDFC Bank. Among Sensex firms, Bharat Electronics was the lead gainer, rising by 2.51 per cent after the company announced securing orders worth Rs 528 crore. Reliance Industries advanced 1.84 per cent as analysts expressed optimism over the launch of a solar manufacturing facility. Asian Paints, UltraTech Cement, Kotak Mahindra Bank and HDFC Bank were also among the major gainers. Axis Bank, Trent, Eternal and Tech Mahindra were among the laggards. 'Markets traded lacklustre and ended almost unchanged, taking a breather after Monday's decline. Following an initial uptick, the Nifty moved in a narrow range and eventually settled at 25,541.80. Buoyancy in global markets—especially the US—along with stable domestic cues suggests that the prevailing trend is likely to continue,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. The BSE smallcap gauge dipped 0.18 per cent and midcap index dipped 0.07 per cent. Among BSE sectoral indices, telecommunication rose by 0.52 per cent, energy by 0.46 per cent, consumer durables by 0.43 per cent and metal by 0.30 per cent. FMCG declined 0.68 per cent, power (0.41 per cent), utilities (0.32 per cent), IT (0.24 per cent) and BSE Focused IT (0.25 per cent). As many as 2,025 stocks advanced while 1,985 declined and 154 remained unchanged on the BSE. 'Domestic indices traded within a narrow range, following last week's strong rally. Investors are closely monitoring developments, seeking clarity on U.S. tariffs as the 90-day pause approaches its end,' Vinod Nair, Head of Research, Geojit Investments Limited, said. In Asian markets, South Korea's Kospi and Shanghai's SSE Composite index settled in the positive territory while Japan's Nikkei 225 index ended lower. Markets in Hong Kong were closed. European markets were trading mostly lower. The US markets ended higher on Monday. Global oil benchmark Brent crude dipped 0.22 per cent to USD 66.56 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 831.50 crore on Monday, according to exchange data. On Monday, the Sensex dropped 452.44 points or 0.54 per cent to settle at 83,606.46. The Nifty declined 120.75 points or 0.47 per cent to 25,517.05. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
a day ago
- Business
- Mint
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, Nasdaq at record high to gold prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a flat note on Tuesday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq hitting record highs. On Monday, the Indian stock market ended lower, breaking its four-day gaining streak, as investors booked profits following the strong rally. However, the market ended the month in the green for a fourth consecutive time The Sensex declined 452.44 points, or 0.54%, to close at 83,606.46, while the Nifty 50 settled 120.75 points, 0.47%, lower at 25,517.05. For the month, Sensex rallied 2.65%, while Nifty 50 jumped 3.10%. 'We continue to advocate a 'buy-on-dips' approach, with a strong emphasis on selective stock picking. Notably, the ongoing strength in the broader indices is creating additional opportunities, but participants should stay cautious and limit positions to the fundamentally-sound counters only,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed Tuesday following record gains overnight on Wall Street. Japan's Nikkei 225 fell 1.03%, while the Topix index declined 0.56%. South Korea's Kospi index rose 1.67%, while the Kosdaq gained 0.66%. Hong Kong markets are closed for a public holiday. Gift Nifty was trading around 25,635 level, a premium of nearly 20 points from the Nifty futures' previous close, indicating a mildly positive start for the Indian stock market indices. US stock market ended higher on Monday, with the S&P 500 and Nasdaq reaching record closing highs, registering their best quarter in over a year on hopes for trade deals and possible interest rate cuts. The Dow Jones Industrial Average gained 275.50 points, or 0.63%, to 44,094.77, while the S&P 500 rose 31.88 points, or 0.52%, to 6,204.95. The Nasdaq Composite closed 96.28 points, or 0.48%, higher at 20,369.73. For the quarter, the S&P 500 surged 10.57%, the Nasdaq jumped 17.75%, and the Dow climbed 4.98%. Apple shares rose 2.11%, Tesla stock price declined 1.89%, Hewlett Packard Enterprise shares rallied 11.1%, First Solar share price gained 8.8%, and Juniper Networks stock price spiked 8.45%. White House Press Secretary Karoline Leavitt confirmed that the US and India are close to finalising a trade agreement, following President Donald Trump's earlier announcement about the deal. 'They are finalising these agreements, and you'll hear from the President and his trade team very soon when it comes to India,' Leavitt said. India's fiscal deficit for April-May period of FY26 stood at ₹ 13,163 crore, amounting to 0.8% of the target for the whole of financial year 2025-26. For the same period last year, fiscal deficit was ₹ 50,615 crore. India's industrial production, measured in the Index of Industrial Production (IIP), grew 1.2% in May, marking its slowest pace in nine months. This is in stark contrast to the 6.3% expansion recorded in May last year. The ministry revised April's growth figure to 2.6%, which still outpaces the May figure. Japan's manufacturing sector expanded in June for the first time in 13 months. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) rose to 50.1 in June from 49.4 in May. Crude oil prices fell on expectations of an OPEC output hike in August and concerns of an economic slowdown driven by prospects of higher US tariffs. Brent crude futures declined 0.24% to $67.61 a barrel, while US West Texas Intermediate crude fell 0.38% to $64.86 a barrel. Gold prices rose, supported by a weaker US Dollar. Spot gold price gained 0.3% to $3,312.25 per ounce, while US gold futures gained 0.5% to $3,323.10. The dollar hit a near four-year low against the euro. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.35% to 96.86, its sixth straight month of losses. It is set to mark its worst half-year since the 1970s. The dollar was down 0.36% to 144.45 against the Japanese yen. The euro hit its highest against the dollar since September 2021 at $1.1780. (With inputs from Reuters) 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.
Reuters
2 days ago
- Business
- Reuters
India's stocks may open higher on easing geopolitical woes, foreign inflows
June 30 (Reuters) - India's equity benchmarks are set to open higher on Monday, supported by improved global risk appetite, easing geopolitical tensions, and a resurgence in foreign investor inflows. The Gift Nifty futures traded at 25,768 points, as of 7:50 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open above its previous close of 25,637.8. Asian markets edged higher, mirroring Wall Street gains, while the dollar softened on bets that weaker U.S. jobs data could prompt deeper rate cuts. The Nifty and Sensex (.BSESN), opens new tab ended last week in the green, led by financials and metals, amid improving sentiment and easing geopolitical tensions. Both indices remain just about 2.5% below their September record highs. Easing Middle East tensions and a sharp comeback in foreign inflows have revived investor confidence, said Ajit Mishra, senior vice president of research, Religare Broking. Mishra added that the fragile truce between Iran and Israel has helped shift sentiment toward risk assets. Foreign portfolio investors have bought Indian shares worth about 140 billion rupees ($1.6 billion) in the previous two sessions. Market direction in the near term may hinge on developments in the U.S.' trade negotiations with its key trading partners, including India, ahead of U.S. President Donald Trump's July 9 tariff deadline and domestic corporate earnings season, two analysts said. ** BHEL ( opens new tab bags a 65 billion rupees ($761 million) order from Adani Power ( opens new tab ** ITD Cementation ( opens new tab secures a $67.4 million international marine contract ** Godrej Properties ( opens new tabacquires, opens new tab 43 acres of land in Panipat with a revenue potential of 12.5 billion Indian rupees ($146.28 million) ** Titagarh Rail ( opens new tabgets, opens new tab an order worth 4.31 billion rupees ($50.44 million) from Maharashtra metro rail for 12 additional metro trainsets in Pune ($1 = 85.4510 Indian rupees)
