Latest news with #Ambala
India Today
4 days ago
- Business
- India Today
RBI MPC decision today: Will Sensex, Nifty open higher on likely rate-cut?
Sensex and Nifty are projected to open on a positive note on Friday, in anticipation of the Reserve Bank of India's (RBI) policy announcement. Analysts predict a rate cut, which could stimulate market Nifty futures were trading at 24,849.50 as of 8:30 am, indicating that Nifty50 will open above Thursday's close of 24,750.90. This optimism is fuelled by expectations that a rate cut will boost liquidity and investor sentiment, potentially leading to a rally in the stock Ambala, Co-Founder of Stock Market Today, said that we can expect Nifty to gain support between 24,540 and 24,430 and meet resistance near 24,920, 25,000, and 25,150 in the next intraday trading session. "Nifty is also expected to trade within a wide range today," she added. Pranay Aggarwal, Director and CEO of Stoxkart, said, "Soft inflation data and moderate demand trends give the RBI room to act. However, global uncertainties, including US policy and external trade dynamics, could influence the tone of the policy statement."The GDP growth for the fourth quarter was 7.4%, with a gross value added figure of 6.8%, which HSBC suggests better reflects the economy's state. These economic indicators provide a mixed backdrop for the RBI's decision-making Thursday, Nifty and Sensex rose about 0.5%, led by gains in rate-sensitive sectors like realty and financials. Despite this, the benchmarks are approximately 6% below the record highs achieved in late September Asian markets opened with minimal change, while Wall Street equities closed lower due to tensions involving U.S. President Donald Trump and Elon Musk. The international landscape adds an element of unpredictability to the markets, which could sway investor behavior."Today, the RBI's policy announcement could act as a major trigger, as anticipated rate cuts will likely increase market liquidity. In the session leading up to the announcement, we can expect financial and consumer stocks to remain in focus," explained Ambala.(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
Mint
5 days ago
- Business
- Mint
RVNL, IRFC to IRCTC: Why are railway PSU stocks rising? EXPLAINED
Railway PSU stocks continued their upward momentum on Thursday, with shares of companies such as RITES, RailTel Corporation of India, and RVNL registering gains of up to 7%. The rally in railway stocks came in tandem with a broader surge in the Indian stock market today, as benchmark indices Sensex and Nifty 50 rose nearly 1% each. RITES share price jumped as much as 7.02%, RailTel shares gained 4.4%, Texmaco Rail & Engineering stock price advanced 3.6%, and Indian Railway Finance Corporation (IRFC) share price rose 2.10%. Meanwhile, shares of Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), and Indian Railway Catering and Tourism Corporation (IRCTC) were up over 1% each. The sector has witnessed sustained buying interest on the back of improved sentiment, bolstered by a series of government orders and expectations of increased capital expenditure (capex) in the railway space. In a recent development, RailTel Corporation of India announced that it has received a Letter of Intent (LoI) from the Motor Vehicles Department, Maharashtra. The order pertains to the design, implementation, operation, and maintenance of an Intelligent Traffic Management System (ITMS) across identified blackspots in the Vidarbha Circle for a period of 10 years. According to the company's regulatory filing, the estimated order value is ₹ 274.40 crore, with the final contract value to be confirmed upon issuance of the purchase order. Analysts believe that the rally in railway stocks is being driven by the dual triggers of robust government order flows and expectations of enhanced public sector investment, further supported by technical indicators pointing to an uptrend. The Railway sector's market capitalization rebounded from its lows, recording a CAGR of 46% over the same period, while its aggregate PAT grew at a CAGR of 15%. According to a report by Motilal Oswal Financial Services, strong order book growth and a recovery in Mid- and Small-cap sentiments have fueled the rerating trends in railway and defence sectors. 'The rally in railway stocks is largely driven by recent government contract announcements and the anticipated capex push. In the current scenario, investors may consider railway stocks that have strong capital investment visibility and are trading at or below their sector's average price-to-earnings (P/E) ratio,' said VLA Ambala, Co-Founder, Stock Market Today. Several PSU stocks currently meet these criteria, which is leading to heightened investor interest, Ambala added. Vinit Bolinjkar, Head of Research at Ventura Securities, echoed similar views. 'Railway stocks are expected to perform well in light of the strong capex figures reported alongside the Q4 GDP data,' he noted. Disclaimer: 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.
India Today
5 days ago
- Business
- India Today
Stock market opening: Sensex, Nifty to rally today? Check key levels
Stock markets are likely to open higher on Thursday, tracking gains in Asian markets and global cues. Hopes of a rate cut by the Reserve Bank of India (RBI) have also added to the positive Nifty futures were trading at 24,733.5 as of 8:00 am, signalling a strong start above Nifty50's previous close of 24,620.2 as several stocks will be in focus today. Asian markets showed strength, with the MSCI Asia ex Japan index up 0.8%. The rise was mainly led by South Korean shares, which touched an 11-month high due to post-election gains. Hong Kong stocks also performed the United States, stock markets ended mixed on Wednesday. Treasury yields and the dollar both fell after data showed a slowdown in the services sector for the first time in a year. Lower US yields are usually good for markets like India, as they attract more foreign money into investors, who were selling in the last three sessions, turned buyers on Wednesday. They bought Indian shares worth Rs 1,076.18 crore. At the same time, domestic institutional investors continued their buying for the twelfth day in a TO EXPECT TODAYVLA Ambala, Co-Founder of Stock Market Today, said that the Nifty index is likely to trade between 24,300 and 25,000 during the mid-week. On Wednesday, the Nifty closed near 24,600.'Support for Nifty is likely around 24,500 to 24,370. If it rises, it could face resistance between 24,730 and 24,800 in the next session,' Ambala added that the market is showing an upward trend with a healthy pullback. 'Index ETF investors may take this as a good time to look for opportunities. But it is also important to watch individual stock movements closely,' she market is also waiting for the outcome of the RBI's policy meeting on Friday. Most experts believe the central bank could reduce the key lending rate by 25 basis points. If this happens, it will be the third rate cut in a 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
03-06-2025
- Business
- India Today
Sensex, Nifty today: Will stock market open higher to break recent downtrend?
The stock market is expected to open slightly higher on Tuesday, June 3, with investors keeping a close eye on global developments and the upcoming interest rate decision by the Reserve Bank of India (RBI). As of 8:15 am, Gift Nifty futures were trading at 24,845.5, showing a higher start compared to Nifty50's Monday close of 24,716.6. This suggests a positive beginning for the market, although traders remain cautious as many stocks to be in focus TREND REMAINS MIXEDOn Monday, both Sensex and Nifty ended the day almost flat, despite falling sharply during early trade. The Sensex had dropped over 700 points but recovered most of the losses by the end of the mood remained weak due to global concerns, especially around trade tensions between the United States and China, and the ongoing conflict between Russia and Ambala, Co-Founder of Stock Market Today, said, 'On Monday, the benchmark index Nifty traded within a narrow range in the absence of any major news or market triggers. This momentum is likely to continue for another 2 to 3 days.'She added, 'Traders and investors may consider this a breather as a pullback momentum within the ongoing uptrend. Judging by these developments, or the lack thereof, we can expect the Nifty index to gather support between 24,550 and 24,480 and notice resistance around 24,800 and 24,870 in the next intraday session.'EYES ON RBI POLICY AND INTEREST RATESOne of the key events this week is the RBI policy meeting on Friday. The market is expecting a 25-basis-point rate cut. If that happens, it could help rate-sensitive sectors like real estate, finance, auto and consumer goods. Lower interest rates can make loans cheaper and boost spending in these to Ambala, 'The Nifty index is currently trading at its 20-day EMA, which is serving as an immediate support level for swing traders. In this circumstance, we can expect Nifty to trade within a range of 25,000 to 24,300 throughout this week.'FOREIGN INVESTORS SELL, DOMESTIC BUYERS STAY ACTIVEForeign institutional investors (FIIs) sold Indian shares worth Rs 2,589.47 crore on Monday. This marked the second straight day of selling by overseas the other hand, domestic institutional investors (DIIs) remained net buyers for the tenth session in a row, showing continued local support for the stock markets were trading slightly higher on Tuesday morning. The US dollar lost some strength due to concerns over US-China trade tensions and geopolitical risks. On Wall Street, US stocks ended higher in a volatile session on Monday, offering some relief to investors GROUP STOCKS UNDER WATCHAdani group shares will be closely watched today after the company responded to a report by the Wall Street Journal. The report claimed that US prosecutors were looking into whether the Adani group had imported Iranian liquefied petroleum gas (LPG) through the Mundra group denied any wrongdoing, saying there was 'no deliberate engagement' in sanctions evasion or trade involving Iranian-origin 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
02-06-2025
- Business
- India Today
Stock market opening: Will Sensex, Nifty rally today after GDP numbers?
The stock market is expected to open higher on Monday, June 2, following better-than-expected GDP numbers for the March quarter. The Gift Nifty futures were trading at 24,841.5 at 8:07 am, suggesting a positive start above Friday's Nifty 50 close of 24, economy grew by 7.4% in the January-March quarter, surprising many analysts. The growth was mainly driven by strong activity in the construction and manufacturing sectors. This fresh data has boosted investor confidence going into the new trading experts believe the positive growth numbers may help Nifty and Sensex start the week on a strong note. VLA Ambala, Co-Founder of Stock Market Today, said, 'Nominal GDP reached Rs 330.68 lakh crore, reflecting resilience in domestic demand.' Ambala added that if the market opens lower by chance, the levels of 24,520 and 24,450 may act as support. On the higher side, resistance may come in at 24,880 and 25, upbeat GDP figures, along with other good signs such as early monsoon progress and low inflation outlook, are expected to support the overall mood of the traders are now looking at sectors that respond quickly to changes in interest rates, such as banks, automobiles, real estate and consumer goods. These may see more interest if the Reserve Bank of India cuts interest rates at its meeting on June 6. The market is already expecting a 25-basis-point rate though both the Sensex and Nifty fell slightly on Friday, they ended the month of May in the green. This marked the third month in a row of gains, supported by strong foreign investments, better company results, and lower worries about trade issues. However, both indexes are still around 6% below the record highs they reached in September Friday, foreign portfolio investors (FPIs) turned net sellers after five days of buying, but overall, they remained net buyers for the month of May. FPIs brought in $2.34 billion last month, the highest monthly inflow since September stocks will be closely watched in today's trade as companies have reported their sales numbers for May. Investors will also keep an eye on other sectors like financial services and real global markets, the picture was mixed. Most Asian markets opened lower as investors remained cautious. They are waiting for key economic data from the United States, especially job and manufacturing numbers, while keeping an eye on trade policies.(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
