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India Today
16 hours ago
- Business
- India Today
Sensex ends 450 points lower, Nifty below 25,600; Trent gains 3%
Benchmark equity indices ended Monday's trading session in the red, as selling pressure in banking and financial stocks weighed on market sentiment. The S&P BSE Sensex fell 452.44 points to close at 83,606.46, while the NSE Nifty50 dropped 120.75 points, ending below the 25,600 market performance was mixed, with volatility rising during the session. While select sectors managed to hold firm, key financial counters saw profit booking after a recent the top gainers of the day were Trent, Bharat Electronics Ltd (BEL), State Bank of India (SBI), IndusInd Bank and Jio Financial Services. On the flip side, the biggest losers included Tata Consumer Products, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp and Maruti Suzuki. Vinod Nair, Head of Research at Geojit Financial Services, said global sentiment was broadly supportive, but domestic markets took a breather after recent highs.'The global market sentiment is moving in favour of equities on account of easing risk in the Middle East and the US trade deal hopes. However, the main domestic indices witnessed profit booking after the recent rally,' Nair added that investor focus is now shifting toward corporate earnings, which could provide valuation support in the coming sessions. 'Mid and small caps outperformed in expectation of better earnings driven by consumption and margin expansion,' he Gaggar, Director of Progressive Shares, pointed to technical cues that suggest a cautious near-term outlook. 'Following a tepid opening, the Index extended its losses throughout the session and ultimately closed lower at 25,517.05 with a loss of 120.75 points. Sectoral performance was mixed, with PSU Banks and Pharma emerging as the top gainers, while Realty and Auto lagged,' he added that technical charts are signalling a bearish bias. 'The Index has formed a bearish engulfing candlestick pattern near the lower end of the bearish gap zone around the 25,650 mark, which now stands as immediate resistance. On the downside, 25,400 will serve as a key support level.'As the second quarter kicks off, investors are expected to closely monitor earnings results, macroeconomic data, and global cues for directional signals.- Ends
Business Standard
4 days ago
- Business
- Business Standard
Sensex, Nifty trade with minor gains; media shares in demand
The domestic equity benchmarks traded with small gains in the mid- afternoon trade. The Nifty hovered above the 25,600 level. Media stocks rebounded after slipping in the last session. At 14:30 IST, the barometer index, the S&P BSE Sensex, jumped 190.23 points or 0.23% to 83,946.39. The Nifty 50 index added 66.55 points or 0.26% to 25,615.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.46% and the S&P BSE Small-Cap index added 0.65%. The market breadth was strong. On the BSE, 2,137 shares rose and 964 shares fell. A total of 151 shares were unchanged. Buzzing Index: The Nifty Media index rose 0.60% to 1,754.35. The index fell 1.09% in the previous trading session. Sun TV Network (up 1.59%), Zee Entertainment Enterprises (up 0.83%), PVR Inox (up 0.58%), D B Corp (up 0.46%) and Dish TV India (up 0.41%), Saregama India (up 0.4%), Tips Music (up 0.28%) added. On the other hand, Network 18 Media & Investments (down 0.74%), Nazara Technologies (down 0.3%) and Hathway Cable & Datacom (down 0.06%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.38% to 6.298 from the previous close of 6.274. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.4875 compared with its close of 85.7200 during the previous trading session. MCX Gold futures for 5 August 2025 settlement fell 1.32% to Rs 95,808. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.09% to 97.21. The United States 10-year bond yield added 0.42% to 4.270. In the commodities market, Brent crude for August 2025 settlement rose 63 cents or 0.93% to $68.36 a barrel.
Business Standard
4 days ago
- Business
- Business Standard
Barometers trade with tiny gains; broader mkt outperforms
The key equity indices continued to trade near the flatline with some positive bias in the morning trade. The Nifty traded above the 25,550 mark. PSU Bank shares gained for a fourth day in a row. At 10:29 ST, the barometer index, the S&P BSE Sensex, rose 16.43 points or 0.02% to 83,771.21. The Nifty 50 index added 6.95 points or 0.03% to 25,557.75. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.57% and the S&P BSE Small-Cap index added 0.66%. The market breadth was strong. On the BSE, 2,278 shares rose and 1,061 shares fell. A total of 155 shares were unchanged. Buzzing Index: The Nifty PSU Bank index added 0.90% to 7,045.35. The index rallied 3% in the four trading sessions. Punjab & Sind Bank (up 1.19%), Bank of Baroda (up 1.14%), Bank of Maharashtra (up 1.13%), Bank of India (up 1%) and State Bank of India (up 0.9%), Punjab National Bank (up 0.79%), Union Bank of India (up 0.78%), Indian Overseas Bank (up 0.48%), Central Bank of India (up 0.39%) and UCO Bank (up 0.16%) added. Stocks in Spotlight: Deep Industries rose 0.55%. The company announced that it has secured an order worth Rs 45.33 crore from Oil India for the hiring of one Mobile Workover Rig Package. Associated Alcohols & Breweries jumped 4.83% after the company launched its premium blended malt whisky Hillfort in Uttar Pradesh, available across select retail outlets. Western Carriers (India) soared 7.78% after the company announced that it has secured a work order worth approximately Rs 230 crore from Jindal Stainless (JSL).
India Today
5 days ago
- Business
- India Today
Sensex ends 1,000 points higher, Nifty above 25,500; Tata Steel gains 3%
Benchmark stock market indices closed higher on Friday, ending the week on a positive note, with Sensex and Nifty touching their highest levels in 2025. Metal sector stocks led the rally, while heavyweight financials and banking also fuelled the S&P BSE Sensex jumped 1,000.36 points to end at 83,755.87, while the NSE Nifty50 gained 304.25 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that the benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions."FIIs continued to pare holdings due to the narrowing yield spread between U.S. and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption," he added. advertisementThe Sensex ended trading with mixed results today. Tata Steel topped the gainers with a 2.62% jump, followed by Bajaj Finance up 2.50%. Bharti Airtel rose 2.48%, Adani Ports gained 2.46%, and Eicher Motors climbed 2.45%. Trent fell 0.40%, State Bank of India dropped 0.39%, Tech Mahindra declined 0.39%, Maruti Suzuki slipped 0.36%, and M&M was down 0.30%.The Nifty indices closed mostly in positive territory. Nifty Midcap 100 gained 0.59%, Nifty Smallcap rose 0.42%, while India VIX fell 2.87%, showing reduced market sectors ended with gains. Nifty Oil & Gas led with a 1.86% jump, followed by Nifty Financial Services up 1.53%, Nifty Metal rising 2.31%, Nifty Private Bank gaining 1.03%, Nifty Realty climbing 1.00%, Nifty Consumer Durables up 0.87%, Nifty FMCG advancing 0.68%, Nifty Auto rising 0.56%, Nifty PSU Bank gaining 0.43%, and Nifty Healthcare up 0.38%.advertisementOnly two sectors closed in the red. Nifty Media dropped 1.09% and Nifty IT fell 0.13%, while Nifty Pharma managed a small 0.02% Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said that rupee gained over 33 paise to settle at 85.75, buoyed by a sharp drop in the dollar index below the 97.00 mark."Falling crude prices and a weaker dollar provided strong support to the rupee. With global risk sentiment improving and the potential for continued fund inflows, the rupee may head towards 85.25 in the coming days," he added. (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
Economic Times
6 days ago
- Business
- Economic Times
Market Wrap: IT, auto stocks lead rally as D-Street cheers easing geopolitical tensions; Sensex ends 700 points higher, Nifty above 25,200
D-Street on Wednesday cheered the de-escalation of tensions between Iran and Israel, as IT, auto and consumer durables sectors. The 30-component S&P BSE Sensex closed 700 points or 0.85% higher at 82,755.51, while the Nifty 50 index was up by 0.8% or 200 points, closing the session at 25,244.75. ADVERTISEMENT Meanwhile, Banking gauge Nifty Bank settled at 56,591, higher by 0.23% or 129 breadth was skewed in favour of the bulls as 42 stocks ended in the green and 8 in the red. The top gainer from the index was Titan Company, which ended with a gain of 3.66%, followed by M&M and Grasim, which were up by over 2%. Among top losers were BEL (down 2.9%) and Kotak Mahindra Bank (witnessing a decline of 1.3%). In the broader market, Kirloskar Brothers shares ended with a sharp surge of 19.25%, followed by Jai Balaji Industries shares, which shot up by 15.5%. On the other hand, GRSE and Data Patterns were the top losers, with losses of over 5% each. (You can now subscribe to our ETMarkets WhatsApp channel)
