Latest news with #NiftyMidcap150
Time of India
2 days ago
- Business
- Time of India
D-Street snaps 4-day rally on profit booking
Mumbai: India's broadest equity gauges Monday snapped a four-day winning streak to retreat from within 3% of life-time peaks, as investors looked beyond positive global cues and renewed foreign fund inflows to book profits in the absence of an express local trigger. The BSE Sensex fell 452.4 points, or 0.54%, to close at 83,606, while the NSE Nifty-50 shed 120.7 points, or 0.47%, to end at 25,517. The two indices had risen 2.7% over the past four sessions and posted gains of 3.1% and 2.7%, respectively, in June, marking their fourth straight month of advances. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Al Kadhimiya: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Profit-booking and weakness in select sectors weighed on sentiment, even though markets had rallied sharply last week on the back of robust global signals and domestic institutional buying. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. "Last week, markets surged sharply driven by robust global signals and buying from domestic institutions, but profit-booking emerged, dragging down the benchmark indices," said Prashanth Tapse, senior VP (research), Mehta Equities. The broader market outperformed, with the Nifty Midcap 150 rising 0.6% and the Nifty Smallcap 250 gaining 0.8%. On BSE, out of 4,290 stocks traded, 2,362 advanced while 1,750 declined. Live Events India VIX, which gauges volatility, climbed 3.20% to 12.79. In other Asian markets, Japan's Nikkei gained 0.8%, while Hong Kong's Hang Seng lost 0.8%. Among sectors, auto and financial stocks dragged the benchmarks lower. The Nifty Auto index slipped 0.5%, while Nifty Financial Services fell 0.3%. Meanwhile, Nifty PSU banks, consumer durables and pharma were the top gainers. Within the stocks, top gainers on the Nifty included Trent, BEL, SBI, IndusInd Bank and Jio Financial Services. Tata Consumer Products and Kotak Mahindra Bank were among the major laggards. Tapse noted that trade negotiations with the US will remain a key focus in the near term. "The focus will be on tariff settlement with the US government, as the deadline is approaching and India has yet to conclude the agreement, which could create uncertainty among the investors." Shrikant Chouhan, head of equity research at Kotak Securities, believes that 25,470/83,500 will act as a key level to watch. Below 25,470/83,500, the markets could see a further correction toward 25,375-25,300/83,200-83,000. "On the flip side, a sustained move above 25,470/83,500 could push the market up to 25,600/83,900. Further upside may also continue, potentially lifting the market to 25,700/84,200." Foreign portfolio investors (FPIs) net sold shares worth ₹831.5 crore on Monday, BSE data showed. However, for the whole month of June, their total investment came to ₹7,489 crore. Domestic institutional investors (DIIs) bought shares worth ₹3,497 crore on Monday, taking their total investment for June to ₹72,676 crore.
Mint
6 days ago
- Business
- Mint
NSE Indices Rejig: NTPC, ICICI Bank to grab major chunk of inflows; BEL, M&M, Eternal to see outflows on rebalancing
The National Stock Exchange (NSE) is set to implement its quarterly reshuffle of key equity indices today. As part of the scheduled update, several broader market indices will see weight adjustments, while strategic indices will undergo inclusions and exclusions as part of their semi-annual rejig effective June 27, 2025. NSE strategic indices such as the Nifty 200 Momentum 30, Nifty Midcap 150 Momentum 50, and Nifty 500 Momentum 50 are scheduled for rebalancing on June 27. Simultaneously, broader indices like the Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250 will experience adjustments driven by changes in free-float market capitalization. NTPC is expected to see the highest cumulative inflows from the rejig of approximately $126 million, according to estimates by Nuvama Alternative & Quantitative Research. Other major gainers include ICICI Bank, with estimated inflows of $128 million across both broader and strategic indices, and Kotak Mahindra Bank, likely to attract $102 million. On the flip side, Bharat Electronics Ltd (BEL) is expected to witness the largest outflow, with $85 million moving out. Mahindra & Mahindra (M&M) and Eternal are also expected to see significant outflows of $81 million and $69 million, respectively. The quarterly rejig across broader indices such as the Nifty 50, Nifty Next 50, Nifty Midcap 150, Nifty Smallcap 250, Bank Nifty, and CPSE indices is primarily driven by changes in companies' free-float market caps. In these indices, major inflows are anticipated in NTPC ($126 million), ICICI Bank ($60 million), and Bharti Airtel ($32 million). Outflows are projected in BEL ($85 million), ONGC ($21 million), and Coal India ($20 million), as per Nuvama estimates. The semi-annual reshuffle of strategic indices, particularly the Nifty 200 Momentum 30 — one of the most tracked strategy indices — will lead to substantial reshuffling. ICICI Bank, NTPC, and Kotak Mahindra Bank are the key beneficiaries of this update as well. 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.
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Business Standard
20-06-2025
- Business
- Business Standard
Valuations, fresh equity supply key risk to Indian stock market: Chris Wood
High valuations, especially in the midcap space, coupled with fresh supply of equity via the initial public offers (IPOs) are the main risks to the Indian stock markets, cautioned Christopher Wood, global head of equity strategy at Jefferies in his recent note to investors, GREED & fear. The rally in the market (since recent lows), Wood cautions, means that valuations have become an issue again, most particularly in the mid-cap space. The Nifty Index now trades at 22.2x 12-month forward earnings after rising by 14.1 per cent from its April 7 low. While the Nifty Mid-Cap 100 Index trades at 27.1x 12-month forward earnings, following a 23.7 per cent gain from its April 7 low. 'This is also why corporates are again placing equity to take advantage of such valuations. The equivalent of $7.2 billion of equity supply was raised last month and $6 billion so far in June. It is this supply which poses the main risk to the market. Equity supply was running at around $7 billion a month prior to the correction, which began in late September last year,' Wood wrote. Mid, smallcaps steal the show From April 7 levels, while the Nifty 50 has rallied nearly 12 per cent till date, the up move in the mid-and smallcap indices has been sharper. The Nifty Midcap 150 index and the Nifty Smallcap 250 indexes have surged nearly 17 per cent and 18.5 per cent respectively during this period, ACE Equity data shows. Meanwhile, primary market activity is set to rebound in the coming week with at least four companies planning to raise a total of about ₹15,000 crore ($1.7 billion) via IPOs, reports suggest. Some prominent ones include Kalpataru, Ellenbarrie Industrial Gases, and Globe Civil Projects. HDB Financial Services Ltd., a unit of India's biggest private lender HDFC Bank, is also planning to launch its $1.4 billion IPO on June 25, reports suggest. This will be one of the biggest IPOs since Hyundai Motor India IPO in October 2024 that raised over Rs 27,000 crore. Capex theme The focus in the Indian market since the budget announcement on February 1, Wood wrote, has rotated to playing consumption rather than investment, helped by the monetary easing context with consumer finance stocks rallying sharply. The property market, now in its 5th year of an upturn, has further to run, he believes. 'Pre-sales growth of the top seven developers covered by Jefferies is forecast to accelerate to 22 per cent YoY in FY26 after slowing to 17 per cent YoY in fiscal year 2024-25 (FY25) ended March 31, a four year low. A lower mortgage rate, now at 8 per cent and expected to fall to 7.5 per cent when the latest Reserve Bank of India (RBI) rate cuts are passed on, should help boost sales in the affordable and mid-income segments,' he said. Portfolio rejig Wood has also rejigged his India portfolio, with the investments in Larsen & Toubro, Thermax and Godrej Properties will be removed and replaced by investments in TVS Motor, Home First Finance and Manappuram Finance, with four percentage points each. An additional one percentage point each will be added to the existing investments in PolicyBazaar and Bharti Airtel, he said. The investment in Larsen & Toubro in the global long-only equity portfolio has been replaced by an investment in Saint-Gobain, a French construction materials company. In the Asia ex-Japan long-only portfolio, too, the investment in Larsen & Toubro will be removed and replaced by an investment in PolicyBazaar, he said.
Economic Times
20-06-2025
- Business
- Economic Times
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower."Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements."The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels."Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market."Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness."While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
Time of India
20-06-2025
- Business
- Time of India
Mid-cap and small-cap stocks decline as investors take profits amid stretched valuations
Mumbai: Mid-cap and small-cap stocks - the outperformers in the recent market rebound - led the declines in equities on Thursday as investors grew wary of stretched valuations. The Nifty Midcap 150 and Small-cap 250 indices fell 1.6% and 1.9%, respectively, on Thursday, while the benchmark Nifty ended 0.1% lower. "Post the outperformance in May, mid-cap and small-cap stocks are witnessing profit taking at higher levels as the valuations have become slightly stretched," said Nilesh Jain, head of derivatives and technical research, Centrum Broking. "Typically, quick up moves are followed by such retracements." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo The Nifty Midcap 150 and Small-cap 250 indices surged 6.3% and 9.3% each in May, outperforming the benchmark index, which gained 1.7% in the same period. Mid-cap and small-cap stocks have performed better than large-caps as the perception that smaller companies are less impacted by the ongoing global uncertainties has fuelled domestic investor appetite in these stocks. Continuous purchases from domestic equity mutual funds - flush with flows from individual investors - also drove up their share prices, pushing valuations back to their near-peak levels. Agencies "Mid-cap and small-cap stocks have rallied up to 35% from the April lows and outperformed the benchmark Nifty, which gained around 16% in the same period," said Pankaj Pandey, head of retail research, ICICI Direct. "Post the sharp rally, there is some consolidation in the market." Live Events Jain does not rule out further declines of 2-4% for now, but recommends buying the weakness. "While the short-term structure remains weak, most of the companies reported fairly inline earnings in this quarter and investors can accumulate quality picks in a staggered manner at further declines," he said. Pandey said investors can 'buy on dips' as the global uncertainty is expected to have a limited impact on these stocks, and the RBI interest rate cut has boosted liquidity, which is incrementally optimistic.
