Latest news with #SiddharthaKhemka
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Business Standard
4 days ago
- Business
- Business Standard
Macroeconomic data, US tariff news likely to drive markets this week
Stock market investors would track macroeconomic data announcements such as industrial production, US tariff related developments and other global trends this week, which may influence sentiment, analysts said. Trading activity of foreign investors and crude oil prices would also remain in the limelight during the week, experts noted. "This week brings a series of important economic data releases from India and the United States, which are likely to influence market sentiment and central bank outlooks. In India, the week begins on June 30 with the release of Industrial Production (YoY) for May. "On July 1, attention will turn to the manufacturing PMI for June, which reflects the health of India's industrial sector and order inflows. This will be followed by the services PMI on July 3," according to Bajaj Broking Research. Equity benchmarks staged a sharp rally last week helped by easing geopolitical tensions in the Middle East and a steep decline in crude oil prices. Last week, the BSE benchmark surged 1,650.73 points or 2 per cent, and the Nifty climbed 525.4 points or 2 per cent. "As the first quarter earnings season draws near, investors are turning their focus to corporate results for early indications of growth trends. There is also heightened anticipation around trade agreements that the United States is expected to finalize with major global partners in the coming week. "In addition, market participants are closely watching key economic indicators such as the United States non-farm payroll and unemployment figures, along with India's industrial production data, to gauge the strength and trajectory of the economic recovery both domestically and internationally," Vinod Nair, Head of Research, Geojit Investments Limited, said. Stock markets rallied for the fourth trading sessions till Friday. In the past four trading days, the BSE benchmark Sensex jumped 2,162.11 points or 2.64 per cent and the NSE Nifty climbed 665.9 points or 2.66 per cent. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, "We expect the market to witness a steady uptrend, supported by improving institutional inflows, prospects of a US-India trade deal..." "Domestically, high-frequency data such as IIP and PMI figures will be in focus, along with monsoon progress and FII activity, to gauge short-term market trends," Ajit Mishra SVP, Research, Religare Broking Ltd, said.
Hans India
6 days ago
- Business
- Hans India
Trade Setup June 27: Nifty eyes 26,000; bullish momentum expected to continue
The Nifty 50 surged for the third consecutive session on Thursday, climbing 304 points to close at 25,549—its highest in nearly nine months. The sharp upward move marked a decisive breakout from its two-month trading range of 24,500–25,200. Analysts believe this momentum could propel the index toward 25,800–26,000 in the coming days. Intraday dips were swiftly bought into, showing strong bullish sentiment, especially on the day of the monthly expiry. The broader market mirrored this optimism, with the Nifty Midcap 100 up 0.59% and the Nifty Smallcap 100 gaining 0.42%. Sectorally, metals, oil & gas, and financial services led the rally. Nifty Metal rose 2.3%, fueled by a drop in Brent crude to $66 per barrel and a weakening US dollar, which hit a three-year low below the 97 mark. In contrast, the media, realty, and IT sectors ended in the red. Domestic cues also played a role. A strong start to the monsoon season—with rainfall 4% above the long-period average—lifted hopes for agri, rural, and consumer-facing sectors. Defence stocks may also stay in focus due to India's increasing manufacturing alignment with Europe and an export target of ₹50,000 crore by 2029. Siddhartha Khemka of Motilal Oswal expects the bullish momentum to persist, backed by stable domestic indicators and a supportive global backdrop. Nagaraj Shetti of HDFC Securities noted that the breakout has opened the path for the Nifty to test 25,800–26,000 in the near term, with immediate support seen at 25,400. Rupak De of LKP Securities echoed the positive sentiment, saying the index's breakout above consolidation signals strong optimism. With resistance seen only around 25,700–25,750, the upside may continue, barring a drop below 25,300.
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Business Standard
25-06-2025
- Business
- Business Standard
Sensex, Nifty rise nearly 1% on Iran-Israel truce, global optimism
Sensex and Nifty rose to multi-month highs as global sentiment improved after Iran-Israel truce, but concerns over tariffs and geopolitical stability remain Sundar Sethuraman Indian equity markets rose close to a per cent on Wednesday, buoyed by global risk-on sentiment triggered by the ceasefire between Iran and Israel, though investors remained wary of geopolitical risks. The Sensex gained 700 points (0.85 per cent) to close at 82,756, while the Nifty advanced 200 points (0.8 per cent) to 25,245. Market capitalisation surged by Rs 4 trillion, reaching Rs 454 trillion. Both indices closed at their highest levels since early October. Brent crude prices dipped 0.6 per cent to $66 per barrel. Foreign portfolio investors (FPIs) sold shares worth Rs 2,428 crore. The selling was offset by domestic institutional investors, who pumped in Rs 2,373 crore. The ceasefire between Iran and Israel showed no signs of breaking on Wednesday, with both nations pledging to uphold the truce following US pressure over initial violations. However, market participants remained cautious, awaiting clearer signs of lasting peace after weeks of conflict that claimed hundreds of lives. 'We expect the Indian market to remain firm on the back of reduced global geopolitical concerns and positive domestic cues. Investors would focus on financials, supported by the RBI's recent liquidity-easing measures. Monsoon-linked sectors are also expected to be in the spotlight as rainfall trends improve. Meanwhile, capital market-related stocks are expected to benefit from heightened activity in the broader market and a robust IPO pipeline,' said Siddhartha Khemka, head of research, wealth management, Motilal Oswal Financial Services. Investors have now shifted their focus to the global economy and how US trade tariffs are affecting corporate profits and growth. Despite the calm on the surface, investors remain varied in renewed geopolitical tensions. A looming tariff pause deadline, set to expire on July 8, is also creating unease, with no major progress on trade deals. The gains in recent months have also left little room for further upside. The Sensex is just 3.6 per cent away from its all-time high, while the Nifty is 3.7 per cent from its all-time high registered in September. Market breadth was strong, with 2,779 stocks advancing and 1,262 declining. 'The recent market resilience despite mixed global cues reflects underlying strength, although heightened volatility continues to keep traders cautious. Notably, the Nifty has surpassed the 25,200 mark just ahead of the June monthly expiry. It will be crucial to see whether it can sustain above this level, especially given the divergent trends across sectors,' said Ajit Mishra, senior vice-president – research, Religare Broking. Top-weighted HDFC Bank, which rose a per cent, was the biggest contributor to Sensex gains. Bharat Electronics, Kotak Mahindra Bank and Axis Bank were the only three declining stocks on the Sensex.
Hans India
24-06-2025
- Business
- Hans India
Trade Setup for June 25: Nifty bulls eye breakout as expiry nears; Bank Nifty faces 56,800 hurdle
As the June monthly expiry approaches, the Nifty 50 index tested fresh highs but struggled to maintain momentum. On June 24, the benchmark index opened with a strong 200-point gap, surging to an all-time intraday high of 25,317—driven by optimism over a reported ceasefire between Israel and Iran. However, unconfirmed reports of renewed tensions reversed the sentiment, causing Nifty to pare most gains and close at 25,044, up just 72 points. Despite the volatility, broader markets outshined the benchmark. The Nifty Midcap 100 and Nifty Smallcap 100 posted gains of around 0.70%, showcasing strong investor interest beyond blue-chip stocks. The Nifty Bank index extended its rebound, closing at 56,461.90, up 402 points. However, it continues to face stiff resistance near the 56,800 mark. Analysts believe a decisive breakout above 56,850 is needed for a sustained uptrend. Defence stocks witnessed profit booking after a sharp rally, while Oil & Gas counters declined due to falling Brent crude prices. On the upside, banking and financial stocks remained firm thanks to improving liquidity and regulatory easing. Looking ahead, analysts expect the markets to hold firm, supported by easing geopolitical stress and favorable domestic indicators. Siddhartha Khemka of Motilal Oswal noted that optimism may continue if global tensions de-escalate further. Nagaraj Shetti of HDFC Securities said the short-term trend for Nifty remains positive within a range. 'A sustained move above 25,300 could pave the way to 25,600. Key support lies at 24,900,' he added. LKP Securities' Rupak De highlighted ongoing volatility but remained optimistic about Nifty reaching 25,350 if it holds above the 25,000 level. A break below could invite selling pressure towards 24,850. Ajit Mishra of Religare Broking echoed a similar view, pointing out that while bears are active near 25,200, sectoral rotation and strength in midcaps offer trading opportunities. Until the Bank Nifty breaks decisively above 56,850, the trend may stay choppy, added Om Mehra of SAMCO Securities, placing support around 55,700. As expiry nears, all eyes remain on whether Nifty can break the false ceiling and push higher with conviction.
Canada News.Net
23-06-2025
- Business
- Canada News.Net
Foreign investors infuse Rs 1209 cr in Indian equities this week, net outflow in June stands at Rs 4192 cr: NSDL
Mumbai (Maharashtra) [India], June 21 (ANI): Foreign investment in the Indian equity market remained positive during the week from June 16 to June 20, though the net inflows declined compared to the previous week, as per the latest data released by the National Securities Depository Limited (NSDL). According to the data, foreign investors made net inflows worth Rs 1,209 crore in Indian equities this week. The inflows were largely supported by significant buying activity on Wednesday and Friday. Market experts attributed this trend to foreign participation in several block deals offered during the week, along with notable inflows on Friday due to the FTSE rebalancing. Siddhartha Khemka, Head Research, Wealth Management, Motilal Oswal Financial Services told ANI 'FPI inflows this week has been driven by buying seen in several blocks offered during the week as well as large inflows on Friday due to FTSE rebalancing. Overall Indian economy stands strong driven by healthy economic growth multi year low inflation, rate cut by RBI as well as prospects of a above normal monsoon'. Despite the positive movement this week, foreign portfolio investment (FPI) flows for the month of June so far continue to remain in the negative. As of June 20, the net outflows by foreign investors stood at Rs 4,192 crore. However, this is an improvement from the previous week (ending June 13), when net outflows were higher at Rs 5,402 crore. This reduction in outflows reflects some signs of stabilization in FPI sentiment. Khemka added that the recent inflows are being driven by India's strong economic fundamentals. These factors are collectively boosting investor confidence and encouraging selective foreign investment, even amid global uncertainties. Looking ahead, he suggested that both global and domestic factors will influence FPI trends in the coming week. Key global triggers include geopolitical developments, fluctuations in crude oil prices amid tensions in middle east, and the approaching deadline for the imposition of US reciprocal tariffs. On the domestic front, important drivers will be macroeconomic indicators, institutional buying support, and sector-specific triggers such as monsoon progress, consumption trends, and infrastructure push. These elements are expected to determine stock specific movements and FPI behaviour in the short term. Earlier in May, the net foreign portfolio investment (FPI) inflows remained in positive and stood at Rs 19,860 crore, making May the best-performing month so far this year in terms of foreign investment. The previous months' data also showed that FPIs had sold stocks worth Rs 3,973 crore in March. In January and February, they had sold equities worth Rs 78,027 crore and Rs 34,574 crore, respectively. (ANI)
