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New Indian Express
27-05-2025
- Business
- New Indian Express
Nifty and Sensex swing wildly as bears dominate volatile session
The stock market witnessed a fierce battle between bulls and bears in Tuesday's highly volatile session, with the latter ultimately taking control. The Nifty opened flat at 24,956 but quickly faced selling pressure, plunging to an intraday low of 24,737. Just as the bears seemed dominant, the index staged a sharp rebound, surging to a day's high of 25,062. However, the second half saw another wave of profit booking, erasing all gains and dragging the Nifty to a fresh low of 24,704 before closing near the day's lowest level. The Nifty settled at 24,826, down 175 points (0.70%) The Sensex mirrored the turbulence, opening at 82,038 (against the previous close of 82,176). It tumbled nearly 900 points early but recovered by mid-morning, climbing to 82,411. Yet, the rally faltered, and the index plummeted to 81,121.70 before settling at 81,551.63, down 624.82 points (0.76%). The session highlighted intense volatility as investors grappled with shifting momentum. 'All in all, today's session was a classic example of indecision, with bulls and bears both making bold attempts,' said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity. He highlighted that options data shows the highest Call OI at the 25,000 strike, suggesting it may act as a stiff resistance, while the Put OI is heaviest at 24,000, indicating a possible support zone. The Put-Call Ratio (PCR) stands at 0.81, reflecting a cautious undertone in the market. Vinod Nair, Head of Research at Geojit Investments, said that investors opted for profit booking driven by valuation concerns and weakness across Asian markets. 'The benchmark index once again failed to decisively breach the 25k resistance level, reflecting the absence of positive triggers. Large-cap stocks underperformed, weighed down by subdued FII participation and lacklustre earnings from blue-chip companies,' stated Nair. Amid the turbulence, mid and small-cap segments outperformed, with the Nifty Midcap 100 and Nifty Small cap 100 indices advancing 0.15% and 0.1%, respectively underscoring relative strength in the broader market. On the sectoral front, the NSE indices traded predominantly in the red, with Nifty FMCG, IT, and Auto leading the laggards, each declining around 1%. Banking and financials also came under pressure, as the Nifty Bank and Nifty Private Bank indices slipped close to 0.5%.
Times of Oman
23-05-2025
- Business
- Times of Oman
Indian stock indices rebound; Nifty ends at 24,853
Mumbai: Indian stock indices rebounded on the last trading session of this week, with both Sensex and Nifty rising about 1 per cent, buoyed by optimism over US-China trade negotiations. BSE Sensex ended at 81,721.08, up 769.08 points or 0.95 per cent, while the Nifty 50 at the National Stock Exchange (NSE) was at 24,853.15, up 243.45 points or 0.99 per cent. Sectorally, strength was observed in Consumer Goods, IT, Consumption, Financial Services, and Banking stocks, while weakness persisted in the pharma and healthcare sectors. The Nifty opened on a flat note at 24,639 and briefly dipped to a low of 24,614 before staging a sharp rebound to touch an intraday high of 24,909. Observing the trending on Friday, Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said, "Market sentiment was buoyed by optimism over US-China trade negotiations, following a mutual agreement between Washington and Beijing to maintain open lines of communication." "However, gains were capped due to concerns over foreign fund outflows amid rising US Treasury yields and a weakening US fiscal outlook," he added. Dr Praveen Dwarakanath, Vice President of said the Nifty continues its bullishness towards the 25000 level. The index has immediate resistance at the 25200 level and support at the 24500 level. "The index has momentum on the upside, indicating it can be bought at every dip. The index has taken support from its 20-day moving average and bounced from the day's opening, indicating strength in the index. The Bollinger band shows an expansion, suggesting a possible rally in the index from the current level," Dwarakanath added. In the derivatives segment, 183 stocks advanced while 38 declined. Significant open interest build-up was noted in Solar Industries, Sun Pharma, Grasim, Angel One, and ABFRL stocks. Despite the enthusiasm in the market, experts say that foreign fund outflows still impact the investor's sentiment in the stock markets.
India Today
23-05-2025
- Business
- India Today
Sensex, Nifty close higher over US-China trade hopes despite FII outflow fears
Benchmark stock market indices closed higher on Monday, ending the week with a rally that was driven by IT, FMCG, and financial sector S&P BSE Sensex added 769.09 points to close at 81,721.08, while the NSE Nifty50 gained 243.45 points to end at 24, Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said that the market sentiment was buoyed by optimism over US-China trade negotiations, following a mutual agreement between Washington and Beijing to maintain open lines of "However, gains were capped due to concerns over foreign fund outflows, amid rising US Treasury yields and a weakening US fiscal outlook," he Company led the charge with a gain of 3.51%, followed by Power Grid Corporation which surged 2.51%. ITC advanced 2.39%, while Bajaj Finserv climbed 2.09% and Nestle India rounded out the top five gainers with a solid rise of 1.83%.Only one stock among Sensex's top companies managed to close in the red. Sun Pharmaceutical Industries was the sole loser for the day, declining by 1.84%.The Nifty Midcap100 advanced by 0.64% while the Nifty Smallcap100 posted a solid gain of 0.80%, indicating robust performance in the broader market segments. The India VIX declined marginally by 0.11%.Almost all sectoral indices closed in positive territory, reflecting widespread buying interest across various FMCG emerged as the top performer with a gain of 1.63%, followed by Nifty Financial Services which surged 1.15% and Nifty Private Bank advancing 1.06%.Other notable gainers included Nifty IT up 0.95%, Nifty Oil & Gas rising 0.78%, Nifty Metal gaining 0.76%, Nifty Media climbing 0.54%, Nifty PSU Bank adding 0.52%, Nifty Consumer Durables up 0.32%, Nifty Realty advancing 0.26%, and Nifty Auto posting a modest gain of 0.24%.However, Nifty Healthcare Index bucked the positive trend, declining marginally by 0.01%, while Nifty Pharma also faced minor selling pressure with a decline of 0.41%.Ajit Mishra – SVP, Research, Religare Broking Ltd, said that technically the recovery after retesting the crucial short-term support level, the 20-day exponential moving average (20 DEMA), has eased some pressure."The outlook could improve further with renewed strength in the banking and financial sectors after their consolidation phase. We maintain our view of adopting a 'buy on dips' strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark," said Mishra.(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.)
Hans India
15-05-2025
- Business
- Hans India
Rate cut hopes keep mkts in positive zone
Mumbai: Indian stock markets ended Wednesday's session on a strong note, supported by gains in metal, real estate and technology shares. Among the key highlights was the continued strength in domestic defence stocks, which have been gaining momentum for three straight sessions. The sector remained resilient and showed consistent buying interest from investors. Despite some volatility during the day, investor sentiment remained positive, helping benchmark indices close in the the closing bell, the Sensex was up by 182 points or 0.22 per cent, settling at 81, the Nifty rose by 88 points, or 0.36 per cent, to end the day at 24,666. In Nifty, key option levels show 25,000 and 25,500 as major call resistances, while 24,000 and 24,500 serve as put supports, said experts. The market capitalisation (mcap) of BSE-listed companies rose Rs3.79 lakh crore to Rs4,34,89,864.58 cr (Rs434.89 lakh cr or $5.10 trn). The put-call ratio (PCR) of 0.72 suggests a mildly bearish bias, according to Sundar Kewat from Ashika Institutional Equity. 'Global cues also offered support, as softer-than-expected US consumer inflation data eased concerns over inflationary pressures and lifted hopes that the Federal Reserve may adopt a more accommodative stance going forward. With domestic and global factors aligning favourably, market experts believe that investor confidence is likely to stay strong in the near term. The retreat in crude oil prices and the overall softening of the greenback acted as tailwinds, specifically supporting the local currency during intra-day's trading,' said Dilip Parmar of HDFC Securities. On the 30-share index, Tata Steel led the pack of gainers with a 3.88 per cent rise, followed by Eternal (2.18 per cent), Tech Mahindra (2.02 per cent), Maruti Suzuki India (1.66 per cent) and the downside, the biggest loser was Asian Paints, which declined by 1.78 per cent to close the intra-day session at Rs 2,283.65.
India Gazette
13-05-2025
- Business
- India Gazette
Sensex closes 1,281 points lower, possibly due to profit booking
Mumbai (Maharashtra) [India], May 13 (ANI): Indian stock indices declined substantially lower on Tuesday and closed in the red, possibly due to the profit-booking following Monday's huge rally. On Monday, Indian stock indices soared through the roof on Monday, supported by the news that the conflict between India and Pakistan had de-escalated after the two Armed forces reached an understanding. At the end of the trading session today, BSE Sensex stood at 81,148.22, declining 1,281.68 points or 1.55 per cent, and the Nifty was down 346.35 points or 1.39 per cent at 24,578.35. On BSE, the midcap index ended near the flatline, while Smallcap index added 1 per cent. 'The domestic market witnessed profit booking today, following yesterday's sharp rally. The relief-driven surge--fuelled by easing global and domestic risks, including a reduction in trade war tensions and Indo-Pak geopolitical stress--appears to be taking a breather,' said Vinod Nair, Head of Research, Geojit Investments Limited. Nair added that the consolidation seen in the market is primarily affecting large-cap stocks, while mid- and small-cap segments continue to gain traction. 'This divergence is expected to persist, supported by broad-based earnings improvements reflected in Q4 results so far,' he added. Observing the markets, Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity said, 'Geopolitical tensions remained in focus as market participants monitored the fragile ceasefire between India and Pakistan, adding to the cautious sentiment.' The market experts said that looking ahead, there is increasing optimism around FY26 earnings growth, underpinned by supportive fiscal and monetary policies, a rebound in external demand, a favorable monsoon outlook, and declining inflation and interest rates. In the morning today, the Nifty opened marginally lower at 24,864 and briefly climbed to an intraday high of 24,973 before witnessing aggressive selling pressure, plunging to a day's low of 24,560 and now trading near the day's low. Sectoral performance was mixed, with PSU banks, media, and pharma showing resilience, while IT, auto, consumer goods, and realty dragged the index lower.(ANI)
