Latest news with #NSENiftySmallcap250Index
Mint
18-06-2025
- Business
- Mint
India's Small-Cap Stocks Set to Beat Larger Peers on Improved Earnings
(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Another volatile day awaits Indian stocks, with Israel-Iran tensions showing no signs of a let up. Nothing suggests either a breakdown or a breakout with the main gauges in a tighter coil than the broader market. The spotlight will be on BSE's shares after the exchange switched its derivatives expiry to Thursdays, which could impact its newfound heft in the futures and options market. BSE bulls on the backfoot as expiry day battle ends The short-lived expiry-day war between India's main bourses may be over, but not in BSE's favor. NSE has chosen Tuesdays for the expiry of its derivative contracts, prompting the BSE to reschedule its settlement day to Thursdays. This means BSE's expiry day will now follow that of NSE, reversing its previous lead. Goldman Sachs on Monday warned that BSE may face a 3 percentage point loss of market share and an 8% cut in EPS estimate if the bourse chooses Thursday to settle its contracts. Mutual funds emerge as eager buyers in large deals Local mutual funds are increasingly active participants in block trades of key consumer stocks, underscoring growing optimism about a revival in consumer sentiment in the coming months. SBI Mutual Fund, ICICI Prudential Fund, and HDFC Mutual Fund were among the biggest buyers in a $900 million block trade in Asian Paints and a $1.15 billion deal in Vishal Mega Mart. With the block deal market expected to heat up further, cash-flush mutual funds are set to absorb the increased supply with ease. Profit margin recovery may sustain in June quarter Corporate profit margins are expected to remain stable in the 18.2%-18.5% band during the June quarter, thanks to robust demand and easing input costs, including crude oil, coal, and steel, according to ratings firm ICRA. Declining interest rates may provide an additional boost to businesses. It expects some sectors such as electronics, semi-conductors, and niche segments within the automotive space, particularly electric vehicles, to witness an increase in investments. Three great reads from Bloomberg today: India's small-sized stocks are on track to beat their larger peers for a second straight month, with improved earnings prospects pointing to more gains this year. The NSE Nifty Smallcap 250 Index has advanced about 2% so far in June, outpacing a 0.4% gain in the benchmark Nifty 50 index. A 100-basis-point cut in borrowing costs this year, along with the RBI's cash-boosting measures, is fueling optimism that companies catering to domestic demand will benefit more as the economy grows. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Kartik Goyal. More stories like this are available on
Yahoo
25-03-2025
- Business
- Yahoo
India's Stock Market Rebound Is Blowing Past Technical Barriers
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Why Did the Government Declare War on My Adorable Tiny Truck? Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs Libraries Warn They Could Be 'Cut off at the Knees' by DOGE The rally in Indian equities this month has steamrolled through numerous technical indicators as it gains momentum. The NSE Nifty 50 Index has risen more than 7% this month. Its 14-day relative strength index - a measure of the magnitude of recent price changes - has taken just 14 sessions to move from oversold to overbought territory, its fastest pace on record. A score below 30 is considered oversold and above 70 overbought. Until recently, India was one of Asia's worst-performing markets. But optimism is growing over the economy, as well as the central bank's recent efforts to add liquidity. Interest rates are expected to fall, and Indian authorities are working to seek an exemption from President Donald Trump's reciprocal tariffs. Foreign investors bought $515 million of shares last week. The Nifty 50 erased its losses for the year on Monday and is just 1% away from the closely followed 200-day moving average. It crossed the 100-day measure, which has acted as both support and resistance over the last year, on Monday. It isn't just large caps that are benefiting. The NSE Nifty Smallcap 250 Index has rallied 10% from early March lows. The index has broken out above the bullish inverted head and shoulders pattern. Technical analysts see the setup as an indication of bearish pressures waning and bulls taking over. The rally has been swift, but the index still needs to gain around 5% from current levels to achieve its target. The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? Google Is Searching for an Answer to ChatGPT A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers Tesla's Gamble on MAGA Customers Won't Work ©2025 Bloomberg L.P.
Bloomberg
28-01-2025
- Business
- Bloomberg
India's Smallcap Stock Index Plunges 20% From September High
A selloff in Indian stocks extended on Tuesday, with a gauge of smallcap shares taking its losses from a September peak to 20%. The NSE Nifty Smallcap 250 Index was on course to enter a bear market after plunging more than 3% early in Tuesday's session. It sank 3.7% on Monday.
