Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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Q2 GDP shocker: Will stock market dance to the tunes of macro worries?
If the Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are…
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Ahead of Market: 10 things that will decide stock market action on Monday
The Indian stock market ended in green on Friday, lifted by buying in heavyweights Bharti Airtel, Reliance Industries and pharma stocks, with the Nifty index closing about 1% higher this week. The benchmark S&P BSE Sensex gained 759.05 points or 0.96% to settle at 79,802.79, while the broader Nifty 50 index closed at 24,131.10, higher…
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Sensex surges over 750 points, Nifty reclaims 24,100 as bulls attempt a comeback
Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05…
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Want to ride the tide? Over 40 stock ideas as Nifty bulls attempt to regain strength
With Sensex rallying 3,000 points in the previous two trading sessions amid optimism surrounding the outcome of the Maharashtra elections, there are over 40 stocks on which brokerages are betting on to capitalise on market recovery, driven by improving valuations, robust domestic flows, and hopes of capex revival. With Nifty being down around 8% from…
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F&O Radar | Deploy Short Iron Condor for potential gains from sideways market
Indian stock markets showed signs of recovery last week, with the broader indices bouncing in Friday’s session to end the week on a positive note. However, bearish sentiment emerged from alleged fraudulent activities involving the Adani Group, and the negative flow of the FII in the cash segment with second-quarter corporate profits fell short of…
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Election outcome, MSCI rejig among 8 factors to likely impact stock markets this week
“The RSI has entered a bullish crossover near the oversold zone, suggesting positive momentum. The sentiment appears favorable for a meaningful rally in the short term, as long as the index stays above 23,600. Immediate resistance is seen at 23,960β24,000. A decisive move above 24,000 could trigger a rally toward 24,500. On the downside, supports…
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Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr
India’s benchmark Nifty snapped its seven-day losing streak on Tuesday, with some relief buying visible after frontline indices plunged 10% since the 26,000-plus record highs reached toward the end of September. However, gains achieved through the first-half of the day were largely erased in the last hour of trading due to escalation of tensions between…
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As market fell from peak, these 29 smallcaps defied gravity to deliver up to 118% return
Indian markets have corrected over 10% from their late-September highs, and while there are mixed opinions on the likelihood of a rebound, a select few small-cap stocks have defied the negative trend, delivering impressive returns to investors over the past two months. Around 29 stocks in the smallcap space gained 25% or more at a…
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Over 100 smallcap stocks see double-digit fall in a week amid market correction
Domestic markets are in a correction phase with benchmark indices, Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling…
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