Deploy Bull Call Butterfly Spread in Nifty for gains from bullish momentum
On Friday, the Nifty index formed a small-bodied bearish candle, losing 82 points to close at 24,750. Despite the decline, the index continues to find support at the middle band of the Bollinger Bands (20-day SMA), which currently stands at 24,692, just below Friday's close.This level has acted as a critical support zone over recent sessions.Additionally, Nifty remains above the 61.8% Fibonacci retracement level at 24,545, drawn from the swing
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Business Standard
4 hours ago
- Business Standard
Benchmarks extend losses for third session in a row; Sensex down 636.24 pts
Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, weighed down by a widespread selloff amid foreign fund outflows and growing geopolitical uncertainties. Domestic markets fell for the third straight session as investors offloaded energy, finance, and IT stocks, traders said. In a volatile trading session, the 30-share BSE index dipped 636.24 points or 0.78 per cent to settle at 80,737.51. The NSE Nifty plunged 174.1 points or 0.7 per cent to settle at 24,542.50. As many as 2,266 stocks declined, while 1,731 advanced and 147 remained unchanged on the BSE. On Tuesday, Foreign Portfolio Investors (FPIs) were the net sellers to the tune of ₹2,854 crore, while domestic institutional investors (DIIs) bought shares worth ₹5,908 crore. FPIs turned net sellers in June after making their largest net purchase of ₹19,860 crore in May, the highest in eight months. ICICI Bank and HDFC Bank were the biggest contributors to the Sensex decline, falling 0.9 per cent and 0.4 per cent respectively. Both stocks have significant FPI ownership. The FPI selling came as the OECD slashed its global economic growth forecasts for the second time this year, citing US trade policies. The Paris-based organisation stated that trade barriers are eroding confidence, hindering investments, and exacerbating inflationary pressures. Adani stocks decline Shares of Adani group companies declined following a news report alleging that US prosecutors were investigating whether Adani entities had imported Iranian LPG into India via their Mundra port. The report highlighted that tankers travelling between the Gulf and Mundra port allegedly exhibited traits common to ships evading sanctions. The US Justice Department was reportedly reviewing the activities of several LPG tankers used to ship cargoes to Adani Enterprises. The Adani group dismissed the report as baseless and mischievous, stating they were unaware of any investigation by US authorities. Adani Ports saw the largest decline among Adani stocks, falling 2.4 per cent. 'Optimism over a potential RBI rate cut was offset by global concerns around trade tariffs and rising geopolitical tensions. Attention is likely to shift towards monsoon-linked themes and interest rate-sensitive sectors, such as PSU banks and real estate, amid hopes that monetary easing will support economic momentum. With the Q4 earnings season largely behind us, markets are expected to remain in a consolidation phase as participants shift focus to key macro trends and global cues,' said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services. Twelve of the thirteen major sectors logged losses. 'The domestic market remained in negative territory amid mixed global cues, geopolitical issues, and a volatile currency market led by a weak US dollar. Profit booking was evident across sectors, except for real estate stocks, which were supported by expectations of an interest rate cut by the RBI," said Vinod Nair, head of research, Geojit Financial Services. "Mid- and small-cap stocks are experiencing relatively less consolidation than large caps due to better earnings growth and moderation in premium valuation. While short-term consolidation is likely to persist, strong domestic-oriented players are estimated to outperform against external volatility,' Nair added.
The Print
6 hours ago
- The Print
Markets extend losses for 3rd session amid broad-based selloff; Sensex slips below 81k
In a volatile trading session, the 30-share BSE index tanked 636.24 points or 0.78 per cent to settle at 80,737.51. During the day, it dropped 798.66 points or 0.98 per cent to 80,575.09. Domestic markets stayed on the back foot for the third straight session as investors offloaded energy, finance and IT stocks, traders said. Mumbai, Jun 3 (PTI) Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, weighed down by a widespread selloff amid foreign fund outflows and growing geopolitical uncertainties. The NSE Nifty plunged 174.10 points or 0.70 per cent to 24,542.50. As many as 2,266 stocks declined, while 1,731 advanced and 147 remained unchanged on the BSE. 'The domestic market remained in negative terrain amid mixed global cues, geopolitical issues and a volatile currency market led by a weak USD. Profit-booking is evident across sectors, except for real estate stocks, supported by expectations of an interest rate cut by the RBI. 'Mid and small-cap stocks are experiencing relatively less consolidation than large caps due to better earnings growth & moderation in premium valuation. While short-term consolidation is likely to persist, strong domestic-oriented players are estimated to provide outperformance against external volatility,' Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Adani Ports declined 2.42 per cent. Bajaj Finserv, Bajaj Finance, Power Grid, Eternal, IndusInd Bank, Maruti, Tata Consultancy Services and UltraTech Cement were among the biggest laggards. Mahindra & Mahindra emerged as the only gainer in the pack. Adani Group's 11 listed companies ended lower. Adani Group on Monday said it does not handle any cargo coming from Iran or any Iranian-owned ship at any of its ports, as it denied any deliberate engagement in sanctions evasion. In a stock exchange filing, the group said reports of links between any of its entities and Iranian LPG are 'baseless and mischievous'. The BSE midcap gauge declined 0.52 per cent, while the smallcap index dipped 0.07 per cent. Among sectoral indices, power dropped 1.50 per cent, utilities (1.42 per cent), bankex (0.89 per cent), energy (0.88 per cent), capital goods (0.87 per cent), financial services (0.80 per cent) and teck (0.68 per cent). On the other hand, commodities and realty were the gainers. 'The Nifty has extended its consolidation phase for yet another day, showing no urgency in establishing a clear directional trend. It appears that investors are awaiting a decisive commentary following the RBI's interest rate decision,' Rupak De, Senior Technical Analyst at LKP Securities, said. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,589.47 crore on Monday, according to exchange data. 'The ongoing foreign fund outflows, coupled with weak global cues such as geopolitical tensions and uncertainty over trade deals, are adding pressure to the markets,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index ended lower. South Korean markets were closed. European markets were trading lower. US markets ended higher on Monday. Global oil benchmark Brent crude climbed 0.28 per cent to USD 64.81 a barrel. After tumbling 796.75 points or 0.97 per cent to 80,654.26 in intra-day trade on Monday, the 30-share BSE Sensex witnessed volatile trends and later ended 77.26 points or 0.09 per cent lower at 81,373.75. The Nifty dipped 34.10 points or 0.14 per cent to settle at 24,716.60. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
7 hours ago
- Economic Times
Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
