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India Today
8 hours ago
- Business
- India Today
Stock market opening: Will Sensex, Nifty continue market rally today?
As trading resumes on Monday, stock markets are likely to open on a positive note. The momentum seen last week may carry forward, helped by strong global cues, a better-than-expected policy move from the Reserve Bank of India (RBI), and signs of progress in India-U.S. trade per Gift Nifty futures, the Nifty50 is expected to open above Friday's close of 25,003.05. The futures were trading at 25,182 around 8:35 am, suggesting a stronger start to the new trading benchmark indices – the Nifty 50 and the BSE Sensex – both gained nearly 1% on Friday. This rally came after the RBI surprised markets with a 50 basis points (bps) cut in the repo rate, more than the 25 bps that many expected. The central bank also announced a 100 bps cut in the cash reserve ratio (CRR), which is likely to support liquidity in the system and boost lending by measures have raised hopes that the RBI is taking steps to keep the economy on a growth path, especially at a time when many are watching inflation and global trends FROM GLOBAL MARKETSPositive signs from international markets also helped. The MSCI Asia ex-Japan index rose 0.5% in early trade on Monday, taking cues from Wall Street gains on Friday. A strong U.S. jobs report eased worries about slowing economic growth in the world's largest economy. Following the report, U.S. treasury yields moved up, showing growing investor the same time, Indian and U.S. officials are continuing talks to reduce trade tariffs in key areas such as agriculture and the auto industry. According to government sources, both countries are working to reach a deal before a July 9 LEVELS TO WATCH'We could expect Nifty to gain support between 24,970 and 24,900 and face resistance near 25,200 and 25,280 in the next market session,' said VLA Ambala, Co-Founder of Stock Market Today. 'This week, the pharma, metal, financial services, consumption, and energy sectors could perform well. So, I recommend adopting an overweight position in these sectors,' she foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) were active buyers on Friday. FPIs bought Indian shares worth Rs 10.1 billion (around USD 118 million), while DIIs invested a much larger amount – Rs 93.42 billion. This strong interest from large investors adds to the confidence that the rally could continue, at least in the short MOVES AND SECTOR OUTLOOKSome market experts have pointed to real estate and midcap stocks as areas showing strong technical indicators.'We have been repeatedly recommending realty stocks from the past couple of weeks, and it is performing as per our expectations. It has now given a breakout from a Rounding Bottom Formation, which further boosts our confidence to remain bullish with a buy-on-dips approach,' said Aditya Gaggar, Director at Progressive also pointed out that certain mid and small-cap stocks are showing strength. 'From the Mid and Smallcaps segments, several stocks have given a breakout, namely PayTM (Inverted Head and Shoulder), PB Fintech and SBI Card (Rounding Bottom),' 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.)Must Watch advertisement


India Today
27-05-2025
- Business
- India Today
Sensex closes 624 points lower, Nifty below 24,900; IndusInd Bank ends 3% up
Benchmark stock market indices closed lower on Tuesday, dragged by a decline in IT, auto, and FMCG sector stocks as investors booked profit after the rally in the past 2 S&P BSE Sensex lost 624.82 points to end at 81,551.63, while the NSE Nifty50 was down by 174.95 points to close at 24, Nair, Head of Research, Geojit Investments Limited, said that the domestic market witnessed volatility and snapped a two-day rally, as investors opted for profit booking driven by valuation concerns and weakness across Asian "The benchmark index once again failed to decisively breach the 25k resistance level, reflecting the absence of positive triggers," he concluded today's session on a predominantly negative note, with only a handful of stocks managing to end in positive Bank emerged as the top performer, gaining 2.60% by market close, followed by Sun Pharmaceutical Industries, which advanced by 0.42%. Adani Ports and Special Economic Zone showed resilience with a 1.34% uptick, while Nestle India and Asian Paints posted modest gains of 0.33% and 0.06% Cement faced the biggest decline, dropping 2.21% during the session. ITC was under significant pressure, falling 2.01%, while Tata Motors retreated by 1.73%. Axis Bank declined by 1.59%, and NTPC rounded out the top five losers with a drop of 1.40%.advertisementBroader markets concluded the trading session marginally higher, though volatility remained elevated. Nifty Midcap100 managed a modest gain of 0.15% while Nifty Smallcap100 advanced by 0.10%. However, the India VIX surged by 2.85%, reflecting increased market uncertainty and investor sectoral indices closed in negative territory, indicating widespread selling pressure across various FMCG faced the steepest decline of 0.88%, followed by Nifty IT which dropped 0.75% and Nifty Auto falling 0.70%. Other notable losers included Nifty Oil & Gas down 0.58%, Nifty Private Bank declining 0.46%, Nifty Metal retreating 0.44%, Nifty Financial Services slipping 0.41%, Nifty Consumer Durables falling 0.30%, Nifty Media dropping 0.09%, and Nifty Healthcare Index declining marginally by 0.05%.However, some sectors managed to post gains with Nifty Realty leading the positive pack with a rise of 0.24%, while Nifty Pharma advanced 0.11% and Nifty PSU Bank gained 0.26%."Nifty50 continues to trade within a broad range of 24,500–25,060, and a decisive breakout beyond this band, supported by strong follow-through momentum, is crucial to establish a clear directional trend," said Aditya Gaggar, Director of Progressive Shares.


India Today
21-05-2025
- Business
- India Today
Sensex surges 700 points. Why stock market is rising today despite volatility
Domestic markets kicked off Tuesday on a strong note, with benchmark indices rallying despite weak global cues and heavy foreign institutional BSE Sensex jumped over 687.83 points to 81,874.27 by 10:18 am, while the NSE Nifty50 gained 214.15 points to 24,898.05. The rebound was broad-based, with all major indices trading higher after a sharp fall in the previous surprising upmove comes amid rising volatility and concerns over global risk, including a recent US credit rating downgrade and surging bond yields in both the US and Japan. Yet, domestic investors appear to be shrugging off the noise, with analysts pointing to increased value hunting and contrarian bets as key drivers of the rally. 'The recent market correction, particularly in mid- and smallcaps, has brought the index to a critical trendline support level. We're seeing signs of a hidden bullish divergence forming, which could spark a near-term reversal,' said Aditya Gaggar, Director at Progressive Shares. He noted key levels for the Nifty at 24,900 on the upside and 24,535 on the downside, with Bank Nifty resistance at 55,700 and support at 54, bounce also comes after a phase of profit booking that analysts say was overdue. Technical indicators had been stretched, and the correction helped normalise conditions, creating a setup for selective Monday's massive FII outflow of over Rs 10,000 crore—a sharp reversal from their May buying spree—analysts say the domestic outlook remains constructive."Yes, the FII sell figure was a jolt, but the fundamentals haven't deteriorated,' said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit. 'We're still seeing the effects of strong Q4 earnings, moderating inflation, and the possibility of another RBI rate cut, all of which are supportive for equities in the medium term.'However, risk factors remain elevated. A possible escalation in the Middle East, rising COVID cases in some Indian states, and global bond market volatility have all added to investor anxiety.'The spike in uncertainty is unnerving markets. US 30-year yields hitting 5%, and Japan's 30-year yield touching 3.14%, is a rare combination. This may not hurt immediately, but it certainly clouds the medium-term picture,' said Anand James, Chief Market Strategist at a technical standpoint, Nifty remains at a make-or-break level. While yesterday's breach of 24,870 hinted at a short-term trend reversal, nearly 76% of Nifty 500 stocks still trade above their 10-day moving average, suggesting room for a bounce. A fall below 24,700 could, however, open the door to further downside toward 24, now, Dalal Street seems to be betting on resilience. But with no fresh triggers on the horizon and global uncertainties looming, the rally may turn stock-specific as investors tread cautiously through a likely consolidation phase.(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.)Tune InMust Watch


India Today
14-05-2025
- Business
- India Today
Markets end higher amid midcap rally; Sensex up 182 points
Benchmark indices closed in the green on Wednesday, buoyed by gains in metals, IT, and broader market segments, though early momentum faded in the latter half of the session. The Sensex rose 182.34 points to settle at 81,330.56, while the Nifty50 ended 88.55 points higher at 24, rally was underpinned by renewed strength in mid- and small-cap stocks, which outperformed the frontline indices with gains of 1.11% and 1.44% respectively. Sectors such as realty and energy also contributed to the positive Nair, Head of Research at Geojit Financial Services, attributed the rebound in midcaps to easing macroeconomic concerns. 'A sharp decline in both global and domestic risks has reignited optimism,' he said, noting that the March-quarter earnings recovery, falling inflation, rising incomes, and lower interest rates were supporting the momentum.'The underperformance in mid- and small-caps due to valuation concerns and muted flows earlier this year is now reversing, helped by marginal earnings upgrades and expectations of a stronger FY26," he added. The day's session, however, wasn't without volatility. Aditya Gaggar, Director at Progressive Shares, pointed out that a mid-session dip in banking stocks briefly dragged indices into the red before a late-stage recovery.'Metals and IT led the early gains, but banking weakness caused a pullback. The index later regained strength, closing with modest gains,' he the technical front, Gaggar noted that the Nifty formed a small green candle, signalling cautious optimism. A decisive break above 24,770 could push the index toward the next resistance at 24,900, while immediate support lies at 24, 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.)Must Watch


India Today
12-05-2025
- Business
- India Today
Sensex, Nifty amid Indo-Pak tension: Key levels and sectors to watch
Dalal Street has lost its pace in the last few trading sessions due to rising tensions between India and Pakistan. Both Sensex and Nifty fell sharply last week as investors turned cautious. The Nifty dropped nearly 1.5% in just three trading sessions by portfolio investors (FPIs), who had been buying stocks steadily for over two weeks, turned sellers on Friday. As per provisional exchange data, they sold shares worth Rs 3,798.71 crore. This was the first time in seventeen sessions that foreign investors sold more than they many investors are wondering if this downtrend will continue or if the market will bounce back. Experts believe that the short-term outlook may remain uncertain, but the overall market remains strong for long-term LEVELS TO WATCH Aditya Gaggar, Director of Progressive Shares, said, 'The market closed the week on a subdued note at 24,008, but early cues from GIFT Nifty point to a robust start with a potential 500-point surge. The 24,000 mark is expected to act as a firm psychological support, with 24,250 offering immediate support, while 24,500 remains a key resistance level.'He also shared important levels for Bank Nifty. 'In case of BankNifty, the zone of 54,260–54,600 presents a strong hurdle, though the downside appears to be protected at 53,950,' he TO KEEP AN EYE ONadvertisementGaggar said that certain sectors still show promise even in the middle of ongoing Sector: This sector looks strong. 'The Auto segment looks promising with a 'buy on dips' strategy, having broken out of a Falling Wedge pattern,' he Sector: According to Gaggar, the IT sector is currently trading within a range. 'The IT sector remains range-bound, awaiting a clear breakout,' he Entertainment: 'Nazara Technologies stands out in the digital entertainment space, with a confirmed breakout from a Symmetrical Triangle, backed by a bullish RSI trendline and MACD crossover,' he Sector: The pharma sector may be coming to the end of a correction. 'The Pharma sector seems to be ending its corrective phase by forming the right shoulder of an Inverted Head and Shoulder pattern,' said Gaggar. However, he also mentioned that 'concerns over drug price reduction could negatively affect the space, and a more informed stance will be taken once the impact is clear.'PSU Banks: Public sector banks have been weak recently, but some signs of recovery are showing. 'Despite the current weakness in the PSU Banking segment, early reversal signals in stocks like Bank of India, Canara Bank, and Union Bank suggest potential opportunities worth tracking,' he OUTLOOK AND HISTORICAL PATTERNSadvertisementVaibhav Porwal, Co-Founder of Dezerv, advised investors to stay calm and avoid panic during such times. He said, 'In moments like these, staying calm is often the most powerful response. While markets may react negatively in the short-term, such drops are short-lived. The Indian markets have been resilient over the years, despite similar situations.'He also pointed out how markets behaved after past tensions between India and Pakistan:After the 2016 Uri strike, markets rose 11.3% over the following the 2019 Balakot airstrike, there was an 8.9% after the Kargil War, the markets went up 29.4% in the next added, 'That's the pattern we've seen again and again in India: deep falls, sharp rebounds — and long-term progress for those who stay invested with a well-diversified portfolio.'He also said that global diplomatic efforts are expected to help bring stability in the near future.'Investors should zoom out and look at the markets from a broader perspective. Indian equity markets stand on strong fundamentals and we don't have much to worry about. Well-diversified portfolios will weather this storm,' Porwal said.(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.)Must Watch