Quick Wrap: Nifty Media Index records a surge of 1.34%
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The Print
4 hours ago
- The Print
Indian indices open flat as FPI outflows weigh on sentiment despite govt boosters
Market experts noted that factors such as monetary and fiscal stimulus, good monsoons, benign inflation, and targeted consumption boosters should ideally have pushed Indian markets higher. The Nifty 50 index opened at 24,965.80, slipping by 14.85 points or 0.06 per cent. Meanwhile, the BSE Sensex started the day at 81,669.09, registering a modest gain of 24.70 points or 0.03 per cent. New Delhi: Indian stock markets opened flat on Tuesday as continuous foreign portfolio investor (FPI) outflows kept indices in check, even as the government recently announced several consumption-boosting measures. Ajay Bagga, Banking and Market Expert, told ANI 'What has held back the markets has been a relatively higher valuation in an underwhelming earnings recovery scenario. As earnings rise, Indian markets will rise ahead of these. That could happen by the next quarter as the festive season boost meets the government boosters. At some point, Indian markets will take off in anticipation.' On the global front, Bagga said that the easing of tensions between India and China, along with Chinese assurances on supply of rare earths, fertilisers, and tunnel boring machines, as well as expectations of large FDI inflows, should have improved investor sentiment. India is also making efforts to address the impact of punitive tariffs imposed by the US on key labour-intensive export sectors. In addition, the country is working to forge stronger economic partnerships at the geostrategic level. These measures will safeguard jobs and benefit India's trade outlook in the coming months. Another factor that markets are closely watching is the movement of FPIs. Large short positions taken by FPIs have added pressure on the indices. Once these reverse, Indian markets could see sharp short covering, potentially helping indices climb to all-time highs by the end of the year. In the broader market, the Nifty 100 was down by 0.08 per cent, while the Nifty Midcap 100 slipped 0.05 per cent. The Nifty Small Cap 100, however, gained 0.11 per cent in the opening session. Among sectoral indices on NSE, mixed trends were seen. Nifty Auto rose 0.17 per cent, while Nifty FMCG declined by 0.17 per cent. Nifty Pharma was down 0.20 per cent, Nifty Realty slipped 0.14 per cent, and Nifty Oil & Gas fell 0.15 per cent. Vikram Kasat, Head – Advisory at PL Capital, said, 'Nifty continued its bullish momentum. On the hourly chart, there was a gap zone between 24,993-25,046 levels which will be the immediate resistance. Clearing this can push the Nifty higher towards 25,250, which is a make-or-break zone from a medium-term perspective. The 24,852-24,673 range will be the support zone.' In the Asian markets, trading sentiment was largely weak on Tuesday morning. Japan's Nikkei 225 index declined by 1.87 per cent, Hong Kong's Hang Seng lost 0.77 per cent, Taiwan's weighted index slipped by more than 2 per cent, while South Korea's KOSPI fell by 1.98 per cent at the time of filing this report. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content. Also read: New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC
Mint
8 hours ago
- Mint
Nifty 50 reclaims 25,000 after nearly a month: Can bulls drive the index to 25,250?
Indian stock market stayed higher for the fifth straight session on Wednesday, as expectations of a proposed cut in GST rates across key categories boosted hopes of a demand recovery in the economy, continuing to support the rally on Dalal Street even as the deadline for an additional 25% US tariff hike fast approaches. The five-day rally also helped the Nifty 50 reclaim the psychological 25,000 mark, closing at 25,050, gaining 0.23% The index was last seen at this level on July 24, 2025. It first crossed the 25,000 mark in August 2024 and later scaled 26,000 to register an all-time high of 26,277. The muted performance of India Inc. in the June quarter, which failed to justify expensive valuations, coupled with heavy selling by overseas investors, had earlier dragged the index lower. Weakening trade relations with the US, after Washington imposed 50% tariffs on Indian goods, further pressured domestic equities. However, steady inflows from domestic institutional investors limited the downside and helped the index recover from a three-month low earlier this month. Amid concerns that higher tariffs could hurt economic growth, the government's proposal to cut GST on major items lifted investor sentiment, triggering a fresh wave of buying, allowing the index to comfortably hold above all its key moving averages. According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 witnessed a largely positive session, closing above the 25,000 mark. He noted that sentiment is likely to favour the bulls, as the index has sustained above the 21 EMA for the past three sessions, with put writers outnumbering call writers for the first time in several days. He expects the index to remain a 'buy on dips' as long as it holds above 24,800, while resistance is seen at 25,250, above which gains could extend towards 25,500. Echoing a positive outlook, Hardik Matalia, Derivative Analyst at Choice Equity Broking, pointed out that Nifty is now comfortably holding above all its key moving averages, reflecting a firm underlying trend. On the downside, he highlighted immediate support at 25,000, followed by 24,800, while resistance lies at 25,100 and 25,200. On the derivatives front, he added that the highest Call Open Interest is concentrated at the 25,100 and 25,200 strikes, indicating key resistance zones, while the highest Put Open Interest is at 25,000 and 24,900, suggesting strong support levels. This setup implies that the 25,000–25,100 range will be crucial for Nifty's near-term movement, with a breakout on either side likely to dictate the next directional trend. Disclaimer: This story is for educational purposes only. 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.
Business Standard
8 hours ago
- Business Standard
Benchmarks extend gains for fifth straight day as IT, FMCG stocks shine
Domestic equities ended marginally higher on Wednesday, with the benchmarks extending their winning run to a fifth straight session. Gains were led by strong buying in IT, realty, and FMCG counters, helping the Nifty close above the 25,000 mark. Optimism was underpinned by steady domestic inflows and supportive macroeconomic trends, even as analysts cautioned that stretched valuations and external risks, such as U.S. tariffs, remain headwinds. Globally, investors turned watchful ahead of the release of the Federal Open Market Committee (FOMC) minutes later in the day and the U.S. Federal Reserves Jackson Hole symposium scheduled for August 21-23. The event is expected to provide critical signals on the Feds policy path and the outlook for global monetary conditions. The S&P BSE Sensex advanced 213.45 points or 0.26% to 81,857.84. The Nifty 50 index added 69.90 points or 0.28% to 25,050.55. In five trading sessions, the Sensex and Nifty jumped 2.02% and 2.29%, respectively. Infosys (up 3.88%), TCS (up 2.69%) and Nestle India (up 2.56%) boosted the Nifty higher today. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index added 0.39% and the S&P BSE Small-Cap index rose 0.30%. The market breadth was positive. On the BSE, 2,343 shares rose and 1,725 shares fell. A total of 173 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 0.04% to 11.79. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.17% to 6.501 from the previous close of 6.512. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.0650 compared with its close of 87.1300 during the previous trading session. MCX Gold futures for 3 October 2025 settlement rose 0.08% to Rs 98,767. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 98.27. The United States 10-year bond yield shed 0.14% to 4.296. In the commodities market, Brent crude for October 2025 settlement rose 42 cent or 0.64% to $66.21 a barrel. Global Markets: Most European stocks advanced on Wednesday as the U.K.'s annual inflation rate hit a hotter-than-expected 3.8% in July, according to data released by the Office for National Statistics (ONS) on Wednesday. July core inflation, which excludes more volatile energy, food, alcohol, and tobacco prices, rose by an annual 3.8%, up from 3.7% in the twelve months to June. Asian indices ended mixed as investors assessed Japans trade data and Chinas loan prime rate decision. Japan's exports dropped 2.6% year over year in July, notching their steepest drop in over four years. The fall was sharper than the widely expected 2.1% contraction and the 0.5% drop seen in June. Meanwhile, China kept benchmark lending rates unchanged for the third consecutive month on Wednesday, as authorities signaled they are in no rush to deliver monetary stimulus despite a string of recent disappointing economic data. The one-year loan prime rate (LPR) was kept at 3.0%, while the five-year LPR was unchanged at 3.5%. Overnight stateside, the S&P 500 pulled back, weighed down by Nvidia shares and a broad decline in technology stocks. The broad market S&P 500 lost 0.59% and closed at 6,411.37, while the Nasdaq Composite fell 1.46% to settle at 21,314.95. The Dow Jones Industrial Average added 10.45 points, or 0.02%, and ended at 44,922.27. The 30-stock index touched a fresh record high during the session. New Listing: Shares of Regaal Resources ended at Rs 131.65 on the BSE, representing a premium of 29.07% compared with the issue price of Rs 102. The scrip was listed at Rs 141.80, exhibiting a premium of 39.02% to the issue price. The stock has hit a high of Rs 145.70 and a low of Rs 130.25. On the BSE, 66.27 lakh shares of the company were traded in the counter. Stocks in Spotlight: Vedanta fell 1.03%. The National Company Law Tribunal has postponed Vedanta Limited's demerger hearing. The new date is September 17. This decision follows objections from SEBI and the Central government. The Ministry of Petroleum and Natural Gas had earlier raised concerns. SEBI is verifying Vedanta's compliance. The NSE has issued a no-objection certificate. Vedanta announced its demerger plan in September 2023. Nazara Technologies slumped 12.82% after reports that the government may ban money-based gaming transactions under the proposed Online Gaming Bill, which seeks to regulate real-money platforms and impose strict penalties. The company clarified it has no direct exposure to real money gaming, with only an indirect minority stake in PokerBaazi operator Moonshine Technologies, whose revenues are not consolidated. Nazara stressed that it does not expect any material impact on its financial performance despite the news. Vishnu Chemicals rallied 2.77% after the company announced that its wholly owned subsidiary, Vishnu Strontium has commenced commercial production of Strontium Carbonate at its Atchutapuram unit, Visakhapatnam, Andhra Pradesh. Aditya Infotech surged 10% after the companys consolidated net profit jumped 46.09% to Rs 32.87 crore in Q1 FY26, compared with Rs 22.50 crore in Q1 FY25. Revenue from operations increased 16.35% YoY to Rs 740.03 crore in Q1 June 2025. Dynamic Cables surged 20% after the company secured fresh BIS approvals to manufacture high-conductivity aluminium alloy conductors and fire survival cables, valid till August 2026. The firm also announced that capacity enhancements through debottlenecking and capex have lifted its monthly turnover potential to Rs 135 crore from Rs 100 crore, subject to demand and order flow. Insolation Energy surged 7.65% after the company announced that its wholly owned subsidiary, Insolation Green Energy, has commenced commercial operations of its new 3 GW PV module manufacturing plant at Sawarda, Jaipur, Rajasthan. Infrastructure rallied 3.2% after the company announced that it has received a work order worth Rs 47.83 crore from the National Highways Authority of India (NHAI). Centum Electronics rallied 7.17% after the company entered into a memorandum of understanding (MoU) with Bharat Electronics (BEL) to jointly develop advanced defense electronics solutions. Lupin fell 1.41%. The company announced the launch of Bosentan tablets for oral suspension, 32 mg in the United States, following approval received by its alliance partner, NATCO Pharma, from the US Food and Drug Administration (USFDA). GNG Electronics rose 1.72%. The companys consolidated net profit jumped 52.55% to Rs 18.52 crore on 22.31% increase in revenue from operations to Rs 312.27 crore in Q1 FY26 over Q1 FY25. Kranti Industries added 5.64% after the company announced that it has received a new purchase order from Ingersoll-Rand Industrial U.S., Inc., a United States-based customer. Servotech Renewable Power System surged 3.51% after the company secured an order worth Rs 28.84 crore from the Jaipur division of North Western Railway for installing a 7.3 MW on-grid rooftop solar power plant. IPO Update: Mangal Electrical Industries' IPO received bids for 26,56,602 shares as against 52,53,301 shares on offer, according to stock exchange data at 16:30 IST on Wednesday (20 August 2025). The issue was subscribed 0.51 times. Shreeji Shipping Global's IPO received bids for 7,16,67,990 shares as against 1,14,08,600 shares on offer, according to stock exchange data at 16:30 IST on Wednesday (20 August 2025). The issue was subscribed 6.28 times. Vikram Solar's IPO received bids for 20,25,54,675 shares as against 4,53,61,650 shares on offer, according to stock exchange data at 16:30 IST on Wednesday (20 August 2025). The issue was subscribed 4.47 times. Patel Retail's IPO received bids for 14,66,91,280 shares as against 78,15,612 shares on offer, according to stock exchange data at 16:30 IST on Wednesday (20 August 2025). The issue was subscribed 18.77 times. Gem Aromatics' IPO received bids for 2,76,15,456 shares as against 97,82,363 shares on offer, according to stock exchange data at 16:30 IST on Wednesday (20 August 2025). The issue was subscribed 2.82 times.
