Latest news with #NiftyMidcap
New Indian Express
a day ago
- Business
- New Indian Express
Axis Bank result weighs on market as Sensex falls 500 points, Nifty settles below 25,000
India's equity market plummeted for the third straight session as weak earnings of large firms weighed on sentiments. A sharp decline in Axis Bank of more than 5% following its results made participants cautious ahead of upcoming earnings from other banking heavyweights, namely HDFC Bank and ICICI Bank, which are scheduled over the weekend. The Sensex closed 501.51 points or 0.61% lower at 81,757.73, and the Nifty settled 143.05 points or 0.57% at 24,968.40. The broader market also witnessed profit-taking, with the Nifty Midcap and Small Cap indices retreating 0.7% and 0.8%, respectively. Excluding Media and Metal, all sectoral indices closed in the red, with a pronounced weakness in Pharma, Private Banks, PSU Banks, FMCG, Capital Goods, Consumer Durables, and Telecom, which lost between 0.5% and 1%. From the Sensex pack, Axis Bank tumbled 5% after reporting a 3% dip in its June quarter consolidated net profit at Rs 6,243.72 crore, impacted by the implementation of changes in non-performing assets and loan upgrade policy.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 17 July 2025
Stocks to buy under ₹ 100: Propelled by strong buying at lower levels, the key benchmark indices of the Indian stock market ended higher on Wednesday. The Nifty 50 index finished marginally higher at 25,212, the BSE Sensex added 63 points and closed at 82,634, while the Bank Nifty index ended 162 points higher at 57,168. M&M, Wipro and Tech Mahindra led the charge on the upside, showcasing significant strength. Conversely, Shirram Finance, Eternal, and Sun Pharma concluded the session as major losers. Trading volumes on the NSE cash market were lower by 2% compared to yesterday. After two days of sharp gains, the broader market saw a consolidation period. The Nifty Midcap and Smallcap 100 Indices ended the session flat, digesting their recent upward moves. Despite this, market breadth remained firmly positive, with advancing stocks outnumbering declining ones on the BSE, reflected in a healthy advance-decline ratio of 1.36. Amongst the sectoral indices, PSU Banks, Media and IT ended as major gainers while Metal, Healthcare and Pharma sectors ended in the red. On the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect markets to consolidate with a positive bias, supported by improving rural and healthcare trends and any progress on India–US trade negotiations. Stock-specific action will likely continue as the earnings season gathers pace." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying short-term trend of the Nifty 50 index remains positive. A sustainable move above the immediate hurdle of 25,250 could pull Nifty towards the next hurdle of 25,550 in the near term. Immediate support is placed at 25,000." "The Bank Nifty index continues to rise gradually after sustaining the important near-term support at the 56,600 level, and we expect a further move till the 57,000 zone. The index would continue to have the important support near the 56,000 level. On the upside, a decisive breach above the resistance zone of the 57,600 level is necessary to trigger further higher targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher. Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: Allcargo Gati, Fedder Holding, and Andhra Paper. 1] Allcargo Gati: Buy at ₹ 72.40, Target ₹ 78, Stop Loss ₹ 70. 2] Fedder Hollding: Buy at ₹ 46.80, Targets ₹ 49.60, ₹ 51.70, Stop Loss ₹ 44.80. 3] Andhra Paper: Buy at ₹ 83, Target ₹ 87, Stop Loss ₹ 80.
Mint
3 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend three shares to buy today — 17 July 2025
Stocks to buy under ₹ 100: Propelled by strong buying at lower levels, the key benchmark indices of the Indian stock market ended higher on Wednesday. The Nifty 50 index finished marginally higher at 25,212, the BSE Sensex added 63 points and closed at 82,634, while the Bank Nifty index ended 162 points higher at 57,168. M&M, Wipro and Tech Mahindra led the charge on the upside, showcasing significant strength. Conversely, Shirram Finance, Eternal, and Sun Pharma concluded the session as major losers. Trading volumes on the NSE cash market were lower by 2% compared to yesterday. After two days of sharp gains, the broader market saw a consolidation period. The Nifty Midcap and Smallcap 100 Indices ended the session flat, digesting their recent upward moves. Despite this, market breadth remained firmly positive, with advancing stocks outnumbering declining ones on the BSE, reflected in a healthy advance-decline ratio of 1.36. Amongst the sectoral indices, PSU Banks, Media and IT ended as major gainers while Metal, Healthcare and Pharma sectors ended in the red. On the outlook for the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect markets to consolidate with a positive bias, supported by improving rural and healthcare trends and any progress on India–US trade negotiations. Stock-specific action will likely continue as the earnings season gathers pace." Speaking on the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying short-term trend of the Nifty 50 index remains positive. A sustainable move above the immediate hurdle of 25,250 could pull Nifty towards the next hurdle of 25,550 in the near term. Immediate support is placed at 25,000." "The Bank Nifty index continues to rise gradually after sustaining the important near-term support at the 56,600 level, and we expect a further move till the 57,000 zone. The index would continue to have the important support near the 56,000 level. On the upside, a decisive breach above the resistance zone of the 57,600 level is necessary to trigger further higher targets of 58,500 and 60,000 levels in the coming days," said Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher. Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment, recommended three intraday stocks under ₹ 100: Allcargo Gati, Fedder Holding, and Andhra Paper. 1] Allcargo Gati: Buy at ₹ 72.40, Target ₹ 78, Stop Loss ₹ 70. 2] Fedder Hollding: Buy at ₹ 46.80, Targets ₹ 49.60, ₹ 51.70, Stop Loss ₹ 44.80. 3] Andhra Paper: Buy at ₹ 83, Target ₹ 87, Stop Loss ₹ 80. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 17 July 2025
Buy or sell stocks: Propelled by strong buying at lower levels, the key benchmark indices of the Indian stock market ended higher on Wednesday. The Nifty 50 index finished marginally higher at 25,212, the BSE Sensex added 63 points and closed at 82,634, while the Bank Nifty index ended 162 points higher at 57,168. M&M, Wipro and Tech Mahindra were leading the charge on the upside, showcasing significant strength. Conversely, Shirram Finance, Eternal, and Sun Pharma concluded the session as major losers. Trading volumes on the NSE cash market were lower by 2% compared to yesterday. After two days of sharp gains, the broader market saw a consolidation period. The Nifty Midcap and Smallcap 100 Indices ended the session flat, digesting their recent upward moves. Despite this, market breadth remained firmly positive, with advancing stocks outnumbering declining ones on the BSE, reflected in a healthy advance-decline ratio of 1.36. Amongst the sectoral indices, PSU Banks, Media and IT ended as major gainers while Metal, Healthcare and Pharma sectors ended in the red. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has improved as the Nifty 50 index has sustained above the 50-DEMA support placed at 24,900. The Prabhudas Lilladher expert said the key benchmark index is expected to touch 25,500 and 25,700 soon. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index after taking support near the 25000 zone has improved the bias indicating a higher bottom formation pattern on the daily chart to improve the bias and currently has sustained with a decent recovery to end on a marginal gain after a weak start to the session. The index would have the near-term hurdle at 25,250 levels, which, when breached above, shall aim for the targets of 25,500 and 25,700 levels as mentioned earlier. The important 50-DEMA zone at the 24,900 level would remain the crucial support area, which needs to be sustained as of now, with volatility expected to continue in the coming sessions." "The Bank Nifty index continues to rise gradually after sustaining the important near-term support at the 56,600 level, and we expect a further move till the 57,000 zone. The index would continue to have the important support near the 56,000 level. On the upside, a decisive breach above the resistance zone of the 57,600 level is necessary to trigger further higher targets of 58,500 and 60,000 levels in the coming days," said Parekh. Parekh said that Nifty's immediate support today is at 25,100, while resistance is at 25,400. The Bank Nifty will have a daily range of 56,700 to 57,700. Regarding stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended three buy-or-sell stocks: Allcargo Gati, CGCL, and Hindustan Copper. 1] Allcargo Gati: Buy at ₹ 72.40, Target ₹ 78, Stop Loss ₹ 70; 2] CGCL: Buy at ₹ 180, Target ₹ 190, Stop Loss ₹ 175; and 3] Hindustan Copper: Buy at ₹ 263, Target ₹ 280, Stop Loss ₹ 255. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
3 days ago
- Business
- News18
Jio BlackRock Mutual Fund Gets Sebi Approval For 4 Passive Schemes; Details Here
Last Updated: The funds will track four indices -- Nifty Midcap 150, Nifty smallcap 250, Nifty Next 50, and the benchmark index tracking Indian government bonds with 8-13 years maturity. Jio Blackrock has received approval from the Securities and Exchange Board of India (Sebi) to launch four passive index funds, according to the market regulator's website. The funds will track four indices — Nifty Midcap 150, Nifty smallcap 250, Nifty Next 50, and the benchmark index tracking Indian government bonds with 8-13 years maturity. Jio BlackRock Asset Management said on July 7 it has raised Rs 17,800 crore across three cash or debt mutual fund schemes, its first offering since getting the licence in May. The three schemes are JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. Jio BlackRock, a joint venture between Jio Financial Services Ltd and BlackRock, plans to launch nearly a dozen equity and debt funds in India by year-end, Reuters reported last week. The asset manager is entering the country's Rs 72.2 lakh crore mutual fund market with a mix of active and passive offerings, aiming to leverage its digital reach to sidestep traditional distributor networks. The asset manager has raised over $2.1 billion across three debt mutual fund schemes, attracting investments from 90 institutional investors and 67,000 retail investors so far. Jio BlackRock is reportedly planning to leverage Jio, India's largest telecom network, and BlackRock's investment management platform Aladdin, to offer differentiated products in the crowded market. Recently, Jio BlackRock also opened its NFO for debt mutual funds. The three-day maiden offer attracted investments from over 90 institutional investors and from more than 67,000 retail investors, Jio BlackRock said in a statement. The NFO, which closed on July 2, 2025 was one of the largest in India's cash/debt fund segment, placing JioBlackRock Asset Management among the top 15 asset management companies by Debt Assets Under Management in the country, out of 47 fund houses, said the firm. According to Reuters, Jio BlackRock intends to bypass the dominant channel of distributors, offering funds directly to institutional and retail investors, the sources said. That will reduce fee or expense ratios associated with the funds, they said. Jio BlackRock will use the distribution reach of its partner and target the existing 8 million active users of financial services on its digital platforms such as MyJio and Jio Finance, it added. BlackRock, the world's largest fund manager at $11.6 trillion as of December 2024, is known for its passive funds, which track established indexes. It manages $7.8 trillion through exchange traded and index funds. However, Jio BlackRock plans to offer a mix of active and passive funds in India, where active funds still dominate. Disclaimer:Network18 and TV18 – the companies that operate – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary. view comments First Published: July 16, 2025, 13:21 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
