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Time of India
27-06-2025
- Business
- Time of India
D St Heats Up to 9-Month High as West Asia Cools
India's equity benchmarks surged to a nine-month high on Thursday, led by bank stocks, as easing tensions in the West Asia revived investor sentiment, triggering liquidation of bearish bets amid expiry of June derivative contracts. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's equity benchmarks surged to a nine-month high on Thursday, led by bank stocks , as easing tensions in the West Asia revived investor sentiment, triggering liquidation of bearish bets amid expiry of June derivative NSE Nifty rose 304.25 points or 1.2% to close at 25,549 while the BSE Sensex rose 1,000.36 points or 1.2% to end the day at 83,755.87. It marked the highest closing levels of both indices since last October when the equity markets had made a sharp rally later started to reverse on worries about pressure on corporate profits and frothy share valuations.'The Nifty's breakout from a 30-day consolidation signals strong momentum driven by easing geopolitical tensions, falling crude prices, and sustained domestic institutional buying,' said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Services. 'We saw short covering from traders, which triggered the sharp up move today.'Bank shares led the run-up, with the Bank Nifty index ending at record and Iran announced a ceasefire after a 12-day conflict, but oil prices remained sticky due to concerns that the end of hostilities might be temporary. Brent crude futures rose 0.7% to $68.16 a dollar index fell to a three-year low on Thursday, adding to the optimism. A weaker US currency typically benefits overseas markets by driving fund flows into regions with appreciating in Asia, markets were mixed with Japan rallying 1.65%, and Taiwan advancing 0.3%. China declined 0.2%, Hong Kong fell 0.6%, and South Korea dropped 0.9%. The pan-Europe index Stoxx 600 was trading flat at the time of going to home, Nifty's Volatility Index or VIX — popularly known as the fear gauge of the market — fell 2.9% to 12.6 levels, signalling traders see lesser risks in the near term. The index has declined over 30% in the past current bullish momentum can drive the Nifty to 25,750, and even above the current all-time high of 26,277, said Taparia. The Nifty made a closing high of 26,216.05 on September Bhamre, head of institutional research at Asit C Mehta said uninterrupted flow of liquidity is driving the markets higher.'Markets have been rising despite ongoing uncertainty, as negative news is quickly priced in, and steady liquidity and flows continue to drive gains,' said Bhamre. Foreign portfolio investors net bought shares worth Rs 12,594 crore on Thursday. Domestic institutions were sellers to the tune of Rs 195 crore. DIIs have net bought shares worth Rs 69,765.4 crore and FPIs have been buyers of shares worth Rs 6,923.5 crore in June so broader market underperformed the large-caps, with the Nifty Midcap 150 gaining 0.5% and Nifty Small-cap 250 rising 0.3%. Out of the total 4,153 stocks traded on the BSE, 2,043 advanced and 1,961 declined at recommended caution and sticking to large-cap stocks.'Investors must stay invested in reasonably valued large-cap stocks, with a focus on banking, life insurance, and select cement companies, which offer a combination of growth and reasonable valuation,' he said.
Economic Times
02-05-2025
- Business
- Economic Times
markets: Can markets defy historical trends and thrive in May amid global challenges?
As the month kicks off, the positive mood seen in April hasn't changed. Foreigners have pumped over ₹38,150 crore in the second half of April after remaining sellers in the first part, helping the Sensex and Nifty gain 5% in April. Also, there has been no adverse tariff related news flow the past few days. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets Tired of too many ads? Remove Ads Mumbai: Among the oldest Wall Street adages is "Sell in May and go away," although stocks haven't really stuck to that predictably dystopian script lately. Instead, risk assets have often advanced in value through the time, however, investors are unwilling to brush aside the old jungle proverb entirely amid the ebb and flow on tariffs, their impact on the US economy, and the simmering summer of discontent in the Kashmir the month kicks off, the positive mood seen in April hasn't changed. Foreigners have pumped over ₹38,150 crore in the second half of April after remaining sellers in the first part, helping the Sensex and Nifty gain 5% in April. Also, there has been no adverse tariff related news flow the past few Wednesday night, Wall Street indices eked out gains, erasing early gains after the US GDP in the first quarter contracted by 0.3% - the first drip since 2022 - raising hopes the US Federal Reserve might cut interest rates sooner. The S&P 500 and the Dow fell over 2% earlier in the day. Indian markets were shut for trading on Thursday for Maharashtra this setting, the market seems poised to be starting trading in May on Friday on a positive note. Moreover, historical data show May hasn't typically been a weak month for Indian markets and have delivered average returns of over 2.5%.But, analysts warn that a runaway rally may be unlikely."I don't see a significant upside at the broader index level in the immediate term," Siddarth, Bhamre, Head - institutional research, Asit C Mehta "At the index level, we might see some trimming, but recent trends don't necessarily support a major correction. In fact, the pattern in recent years shows that May has been delivering positive returns more often than not," he 2013 to 2021, BSE's Sensex logged a nearly nine-year streak of positive returns in the month of May."I believe we might now see the market range between 22,000-22,500 on the lower side and 24,500-25,500 on the higher side," he several earnings already out and more to come, investors are closely tracking how companies are projecting growth in the coming quarters. At the same time, global developments particularly around tariffs and geopolitical tensions are adding another layer of uncertainty.'Going forward, market movement will largely depend on how corporate earnings shape up and how the tariff situation unfolds,' said Gautam Duggad, head of research — institutional equities at Motilal Oswal Financial Services 'Geopolitical tensions, especially any escalation between India and Pakistan, could also impact sentiment, depending on developments at the border. At the same time, expectations around the monsoon will begin to take shape as we approach May,' he added. Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund, said, aid the results have been muted and the guidance cautious so far; but the monsoons are expected to be normal. SECTORS Bhamre recommends investors to park their money in large private banks such as ICICI Bank and HDFC. He also recommends investing in life insurance firms and paint companies. With some of the tariff concerns easing, Duggad suggests considering IT stocks and banks. He also feels, consumer discretionary and industrial appear more attractive now, as there are signs of rising discretionary and consumption spending. Duggad sees stocks such as Indian Hotels, ICICI Bank, Titan and Trent faring well going to Soni, with uncertainty around US tariffs investors should bet on domestic sectors like BFSI, consumer goods, healthcare (like hospitals), and industries such as power, cement, and telecom. In contrast, sectors like IT and metals, which are more exposed to global risks, are seen as riskier noted that the recent market rebound followed an unusual stretch of five consecutive months of negative returns for the Nifty. He said patience will be the key to navigate this market. 'As Charlie Munger said: 'Big money is not in the buying or selling, but in the waiting. Stay invested for the long-term and let the compounding work for you,' said Soni.
Time of India
02-05-2025
- Business
- Time of India
Can markets defy historical trends and thrive in May amid global challenges?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Among the oldest Wall Street adages is "Sell in May and go away," although stocks haven't really stuck to that predictably dystopian script lately. Instead, risk assets have often advanced in value through the time, however, investors are unwilling to brush aside the old jungle proverb entirely amid the ebb and flow on tariffs, their impact on the US economy, and the simmering summer of discontent in the Kashmir the month kicks off, the positive mood seen in April hasn't changed. Foreigners have pumped over ₹38,150 crore in the second half of April after remaining sellers in the first part, helping the Sensex and Nifty gain 5% in April. Also, there has been no adverse tariff related news flow the past few Wednesday night, Wall Street indices eked out gains, erasing early gains after the US GDP in the first quarter contracted by 0.3% - the first drip since 2022 - raising hopes the US Federal Reserve might cut interest rates sooner. The S&P 500 and the Dow fell over 2% earlier in the day. Indian markets were shut for trading on Thursday for Maharashtra this setting, the market seems poised to be starting trading in May on Friday on a positive note. Moreover, historical data show May hasn't typically been a weak month for Indian markets and have delivered average returns of over 2.5%.But, analysts warn that a runaway rally may be unlikely."I don't see a significant upside at the broader index level in the immediate term," Siddarth, Bhamre, Head - institutional research, Asit C Mehta "At the index level, we might see some trimming, but recent trends don't necessarily support a major correction. In fact, the pattern in recent years shows that May has been delivering positive returns more often than not," he 2013 to 2021, BSE's Sensex logged a nearly nine-year streak of positive returns in the month of May."I believe we might now see the market range between 22,000-22,500 on the lower side and 24,500-25,500 on the higher side," he several earnings already out and more to come, investors are closely tracking how companies are projecting growth in the coming quarters. At the same time, global developments particularly around tariffs and geopolitical tensions are adding another layer of uncertainty.'Going forward, market movement will largely depend on how corporate earnings shape up and how the tariff situation unfolds,' said Gautam Duggad, head of research — institutional equities at Motilal Oswal Financial Services 'Geopolitical tensions, especially any escalation between India and Pakistan, could also impact sentiment, depending on developments at the border. At the same time, expectations around the monsoon will begin to take shape as we approach May,' he added. Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund, said, aid the results have been muted and the guidance cautious so far; but the monsoons are expected to be normal. SECTORS Bhamre recommends investors to park their money in large private banks such as ICICI Bank and HDFC. He also recommends investing in life insurance firms and paint companies. With some of the tariff concerns easing, Duggad suggests considering IT stocks and banks. He also feels, consumer discretionary and industrial appear more attractive now, as there are signs of rising discretionary and consumption spending. Duggad sees stocks such as Indian Hotels, ICICI Bank, Titan and Trent faring well going to Soni, with uncertainty around US tariffs investors should bet on domestic sectors like BFSI, consumer goods, healthcare (like hospitals), and industries such as power, cement, and telecom. In contrast, sectors like IT and metals, which are more exposed to global risks, are seen as riskier noted that the recent market rebound followed an unusual stretch of five consecutive months of negative returns for the Nifty. He said patience will be the key to navigate this market. 'As Charlie Munger said: 'Big money is not in the buying or selling, but in the waiting. Stay invested for the long-term and let the compounding work for you,' said Soni.
