Latest news with #GeojitInvestmentsLimited
India Today
14 hours ago
- Business
- India Today
Sensex ends 288 points lower, Nifty settles below 25, 500; Tata Steel down 4%
Benchmark stock market indices ended lower on Wednesday as investors traded cautiously ahead of Q1 result announcements from India Inc and the looming tariff S&P BSE Sensex was down 287.60 points to end at 83,409.69, while the NSE Nifty50 lost 88.40 points to end at 25, Nair, Head of Research, Geojit Investments Limited, said that mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution."Market attention is gradually shifting to crucial Q1 earnings, which have high expectations. Underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. However, being at the breach level of the recent rally, a cautiousness is expected to continue in the near term," he Sensex ended trading with mixed results today. Tata Steel topped the gainers with a massive 3.72% surge, followed by Asian Paints up 2.15%. UltraTech Cement rose 1.60%, Trent gained 1.43%, and Maruti Suzuki climbed 1.38%.Bajaj Finserv fell the most at 2.10%, followed by Larsen & Toubro down 1.87%. Bajaj Finance dropped 1.48%, HDFC Bank declined 1.30%, and Bharat Electronics slipped 1.28%. Nifty Midcap 100 fell 0.14%, Nifty Smallcap dropped 0.41%, while India VIX declined 0.65%, showing reduced market sectors posted gains at the close. Nifty Metal led with a 1.41% rise, followed by Nifty Consumer Durables up 1.04%, Nifty Healthcare gaining 0.34%, Nifty Auto rising 0.32%, Nifty Pharma up 0.32%, and Nifty IT climbing 0.12%.Nifty Realty dropped the most at 1.44%, followed by Nifty Financial Services down 1.09%, Nifty Private Bank falling 0.65%, Nifty Media declining 0.36%, Nifty Oil & Gas slipping 0.17%, and Nifty FMCG down 0.12%.advertisement"Nifty50 tested its immediate support at 25,400, while 25,600 remains a key resistance level. A decisive break of either level is likely to lead to a directional move," said Aditya Gaggar, Director of Progressive Shares. (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.)- Ends
Hans India
15 hours ago
- Business
- Hans India
Sensex, Nifty end lower as investors turn cautious over Trump's tariff deadline
Mumbai: The stock markets ended lower on Wednesday, as investor sentiment remained cautious due to US President Donald Trump's firm stand on the upcoming tariff deadline. The nervousness led to a risk-off mood among investors, pulling the benchmark indices lower. After rising to an intra-day high of 83,935.29, the Sensex lost momentum and closed at 83,409.69, down 287.6 points or 0.34 per cent. The Nifty also declined by 88.45 points or 0.35 per cent to end the day at 25,453.4. "Mixed global cues, particularly ahead of the impending tariff deadline, are driving investor caution,' Vinod Nair of Geojit Investments Limited said. 'Market attention is gradually shifting to crucial Q1 earnings, which have high expectations,' he added. Nair added that the underlying trends such as robust macroeconomic fundamentals and increased government expenditure continue to support market resilience. Among the Sensex stocks, the biggest losers were Bajaj Finserv, L&T, Bajaj Finance, HDFC Bank, and Bharat Electronics. On the other hand, Tata Steel, Asian Paints, Ultratech Cement, Trent, Maruti, and Sun Pharma were among the top gainers. Broader markets followed a similar trend. The Nifty Midcap100 index ended down by 0.14 per cent, while the Nifty Smallcap100 index slipped 0.41 per cent. Sector-wise, Nifty Metal, Consumer Durables, Auto, IT, Pharma, and Healthcare managed to close in the green. However, Nifty Realty, Financial Services, Bank, Oil & Gas, and Media dragged the overall sentiment with losses. The total market capitalisation of all listed companies on the NSE stood at Rs 5.35 trillion. Meanwhile, the India VIX, which measures market volatility, eased slightly by 0.66 per cent to settle at 12.44 points -- suggesting some cooling off in investor nervousness despite the day's losses. Gold traded in a narrow range as market awaits key US data releases. Comex Gold moved between $3327 – $3340, while MCX Gold traded between Rs 97,000 – Rs 97,400. 'The prices expected to remain in the broader range of Rs 96,500 – Rs 97,850 as participants price in potential dollar weakness and upcoming US data, including Non-Farm Payrolls (NFP), ADP non-farm employment, and unemployment figures,' Jateen Trivedi of LKP Securities stated.
India Today
a day ago
- Business
- India Today
Sensex, Nifty open higher as IT stocks rally on hopes of US-India trade deal
Benchmark stock market indices opened higher on Wednesday, buoyed by optimism over a possible US-India trade deal. IT stocks rallied in early trading, pushing markets S&P BSE Sensex was up 103.13 points to 83,800.42, while the NSE Nifty50 added 21 points to 25,562.80 as of 9:28 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long."There are no indications yet of a strong rebound in earnings. GST collections data for June indicates sluggish growth. Auto sales numbers for June also indicates subdued sales. In brief, there is no room for the market to sustain the upward momentum given the high valuations," he Sensex opened on a positive note today with IT and pharma stocks leading the charge. Infosys topped the gainers with a strong 1.79% jump, followed by Tata Consultancy Services up 0.93%. Sun Pharma rose 0.74%, Tata Steel gained 0.72%, and NTPC climbed 0.71%.Bajaj Finserv fell the most at 1.09%, followed by Asian Paints down 0.95%. Bharat Electronics dropped 0.71%, Bajaj Finance declined 0.59%, and Eicher Motors slipped 0.54%. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs. How long this resilience will hold remains to be seen. The Fed chief Jerome Powell has indicated that there is no room for a rate cut immediately. This will rein in the enthusiasm of the Ends
Mint
2 days ago
- Business
- Mint
Indian stock market: Can Nifty 50, Sensex climb to a new peak in July 2025?
Indian stock market: Indian benchmark stock indices edged up slightly on Tuesday, supported by positive cues from Asian markets and heightened investor focus on ongoing trade negotiations with the United States ahead of President Donald Trump's July 9 tariff deadline. Around 9:33 am, the BSE Sensex had gained 200 points, or 0.24%, to reach 83,807, while the Nifty50 was up by 66 points, or 0.26%, trading at 25,583. ' Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations. Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen the market is likely to be impacted. The main market concern continues to be the poor earnings growth. There are no clear indications yet of strong recovery in earnings growth. Auto stocks will respond to today's auto sales numbers,' said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Historically, July has been a seasonally positive month for equities, and the current setup suggests the potential for this momentum can sustain although volatility may persist. According to Ranju Rajan, Head of Managed Accounts, Axis Securities, the market is currently trading just 2–3% below its all-time high. If key triggers align positively, it offers potential extension of positive momentum/new high during the July–September 2025 quarter. Several brokerages have forecast that the Nifty could approach or even surpass its previous peak this month. Pranay Aggarwal, Director and CEO, Stoxkart, said that investors should remain cautious of external risks such as potential volatility from global interest rate movements, trade-related developments, and increased IPO activity that could temporarily absorb liquidity. ' Despite these headwinds, the broader market momentum, particularly in large-cap and small-cap segments, indicates a constructive outlook for the near term,' said Aggarwal. The tone of the quarterly earnings season is expected to be constructive, with strong domestic demand, margin stability, and select sector outperformance likely to support investor sentiment. Robust earnings delivery could act as a catalyst for further upside. The upcoming tariff extension deadline is a critical event. A status quo or favorable or neutral outcome (i.e., no negative surprises) may be viewed as an opportunity by the market, further reducing uncertainty and boosting risk appetite. As events unfold and quarterly results are supportive, specific sectors or stocks will showcase structural growth, which will continue to drive a bottom-up stock-picking approach. While short-term volatility may persist, this rotation is expected to keep the broader market buoyant. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
2 days ago
- Business
- India.com
Indian Stock Market Opens Higher, Nifty Above 25,500
Mumbai: The Indian benchmark indices opened higher on Tuesday amid positive global cues, as buying was seen in the auto and IT sectors in the early trade. At around 9.26 am, Sensex was trading 188.66 points or 0.23 per cent up at 83,795.12 while the Nifty added 54.80 points or 0.21 per cent at 25,571.85 According to analysts, with the US market setting new record highs, the global equity market mood is positive and West Asian geopolitics is no longer a threat to global economy. "Going forward, the market is likely to be influenced by developments on the tariff front. An India-US trade deal will be positive and if it does not happen, the market is likely to be impacted," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. Nifty Bank was up 51.95 points or 0.09 per cent at 57,364.70 in early trade. The Nifty Midcap 100 index was trading at 59,887.65 after adding 146.45 points or 0.25 per cent. Nifty Smallcap 100 index was at 19,127.60 after climbing 52.50 points or 0.28 per cent. According to experts, Nifty's short-term trend remains positive, as it is still positioned above its nearest moving average support, the 5-day EMA. "The Nifty has partially filled the gap range of 25,640-25,740 that was formed on October 3, 2024. Any move and close above 25,740 would negate this gap resistance and could potentially extend the Nifty's upward rally towards the 26,000 mark. Immediate support for the Nifty comes in at 25400," said Devarsh Vakil, Head of Prime Research at HDFC Securities. Meanwhile, in the Sensex pack, Asian Paints, BEL, Bharti Airtel, HDFC Bank, PowerGrid, ITC, HCL Tech, Tata Motors and Hindustan Unilever Limited were the top gainers. Axis Bank, Trent, Tata Steel, Sun Pharma, Tech Mahindra, Maruti Suzuki and Eternal were the top losers. Strong macros of the Indian economy can facilitate increasing fund flows into Indian equity. Sustained weakness in the dollar ( dollar index now at 96.81) means the possibility of heavy selling by FIIs is low. They might even continue to buy despite high valuations, said experts. Foreign institutional investors (FIIs) were net sellers on June 30, selling equities worth Rs 831.50 crore. Meanwhile, domestic institutional investors (DIIs) remained buyers, purchasing equities worth Rs 3,497.44 crore. In the Asian markets, China, Bangkok, Seoul and Jakarta were trading in green, whereas only Japan was trading in red. In the last trading session, Dow Jones in the US closed at 44,094.77, up 275.50 points, or 0.63 per cent. The S&P 500 ended with a gain of 31.87 points, or 0.52 per cent at 6,204.94 and the Nasdaq closed at 20,369.73, up 96.27 points, or 0.47 per cent.
