Latest news with #GIFTNifty
Hans India
16 hours ago
- Business
- Hans India
GIFT Nifty starts lower by 40 points; key levels to watch in today's session
Declines in private bank and realty GIFT Nifty today pulled GIFT Nifty lower. Analysts expect the market to remain under pressure amid mixed Q1 earnings, continued FII selling and lack of progress on the India-US trade deal ahead of the nearing deadline. Stock market setup 2025 action will likely continue as earnings season gathers pace. Indian stock market update: Today's Forecast for Sensex, Nifty 50 & Bank Nifty Sensex Prediction With the formation of a bearish candlestick on the daily chart and lower high on intraday charts, we could see some more near-term selling. 'Market sentiment will likely remain subdued as long as the Sensex trades below the 81,100 level. If we see some more selling pressure, then there is a possibility of the index retesting the 80,500–80,350 zone. On the other hand, if we see a decisive move above 81,100, then a recovery rally may start, with the Sensex likely to test the 81,400 level. There could be some further room for the Sensex to the 81,700 level,' Shrikant Chouhan, Head of Equity Research at Kotak Securities, told BloombergQuint. Nifty OI Data In the GIFT Nifty pre-market, the 24,800 strike on GIFT Nifty saw the maximum call option interest, which could turn out to be the resistance level. The 24,500 strike on the GIFT Nifty had the most put option interest, which could provide support around that level. So, a firm close above 24,800 would be a pre-requisite to revive the bullish momentum, change the sentiment and move higher, said Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking. Nifty 50 Prediction "The Nifty 50 index lost 0.63% on July 28 for its third straight session of losses." 'The market ended with a weak closing today, giving a red candle with selling on higher levels. It shows that the market is taking some support. If we see a move higher, there could be a strong resistance. Traders can take an opportunity to sell in this situation, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, told BloombergQuint.
New Indian Express
19 hours ago
- Business
- New Indian Express
Equity markets dip at open; banks, IT, realty drag
CHENNAI: The Indian equity markets opened on a weak note on Tuesday, July 29, extending losses for the fourth straight session. The Nifty 50 index has now fallen over 550 points from its recent high of around 25,250, reflecting a sustained downtrend led by foreign outflows, weak corporate earnings, and global uncertainty. On Monday, July 28, the Nifty closed 0.63% lower at 24,680.90 while the Sensex dropped nearly 570 points to settle at 80,891.02. Selling pressure was seen across banking, realty, and IT stocks, with Kotak Mahindra Bank's disappointing Q1 results leading the decline. Market sentiment further weakened as the indices closed near the lowest point of the day, a bearish signal ahead of the monthly expiry of Sensex contracts. Today morning, the GIFT Nifty indicated a flat-to-negative start, and the indices opened accordingly. Nifty opened around 24,650 and quickly slipped further to 24,609.65 by 9:15 a.m., down about 0.29% from the previous close. The Sensex opened roughly 100 points lower at 80,780 and continued to trade weak. Broader markets also saw pressure, with both mid-cap and small-cap indices down marginally. The market is currently weighed down by several factors: continued selling by foreign institutional investors, who offloaded over ₹6,000 crore worth of shares on Monday; stalled India–U.S. trade talks ahead of the August 1 deadline for tariff discussions; and poor quarterly earnings from key companies including Kotak Mahindra Bank, Lodha, and IndusInd Bank. The global risk-off mood and fears of retaliatory tariffs are further dampening investor appetite. Technically, both the Nifty and Sensex are showing signs of weakness, forming a pattern of lower highs and lower lows. Analysts point to key support for the Nifty around 24,550–24,500, with further downside possible toward 24,400 if this range is broken. Resistance is expected near the 24,800–25,000 zone. The session is also significant from a derivatives standpoint as it marks the monthly expiry for Sensex contracts, which may lead to heightened intraday volatility. Key events to watch include earnings reports from NTPC Green Energy, IndusInd Bank, Amber Enterprises, and UPL, as well as macroeconomic data like June's industrial production figures. In summary, markets opened lower on July 29, reflecting ongoing bearish momentum driven by global and domestic headwinds. Unless positive triggers emerge from corporate results or trade developments, the downside risks are expected to persist in the near term.
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Business Standard
19 hours ago
- Business
- Business Standard
Q1 results today: L&T, Asian Paints, Varun Beverages, NTPC on July 29
Q1 FY26 company results today: ASK Automotive, Bank of India, GHCL Textiles, Lloyds Engineering Works, and Zee Media will release their April-June quarter earnings reports on July 29 Apexa Rai New Delhi Larsen & Toubro (L&T), Asian Paints, Varun Beverages, NTPC, and Bank of India are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Tuesday. A host of other companies, including SK Automotive, Star Health, Allied Insurance Company, Blue Dart Express, GHCL Textiles, Lloyds Engineering Works, and Zee Media, are expected to declare their Q1 results today. Adani Green Energy Q1 results highlights Adani Green Energy reported a consolidated net profit of ₹713 crore in Q1FY26, up 60 per cent year-on-year (Y-o-Y) from ₹446 crore. Sequentially, profit rose 210 per cent from ₹230 crore in Q4FY25. Revenue from power supply grew 31 per cent Y-o-Y to ₹3,312 crore, compared to ₹2,528 crore last year. On a sequential basis, revenue rose 24.2 per cent from ₹2,666 crore. IndusInd Bank Q1 results highlights IndusInd Bank reported a 72 per cent Y-o-Y decline in net profit to ₹604 crore in Q1FY26, impacted by increased provisions for retail loans and lower core and non-core income. In the previous quarter (Q4 FY25), the bank reported a ₹2,329 crore loss due to heavy provisioning and the reversal of misbooked revenues linked to accounting issues in derivatives and microfinance. Net interest income fell 14 per cent YoY to ₹4,640 crore on a shrinking loan book but rose 52 per cent sequentially. Other income declined 12 per cent YoY to ₹2,157 crore. Market close highlights from July 28 The benchmark equity indices ended in the red on Monday, weighed down by selling across banking, IT, and realty sectors. The BSE Sensex declined 572.07 points, or 0.70 per cent, to close at 80,891, while the NSE Nifty50 dropped 156.10 points, or 0.63 per cent, to settle at 24,680.90. Market overview for July 29 Domestic equities are expected to remain cautious as uncertainty over a potential trade agreement with the United States continues to weigh on investor sentiment, coupled with persistent selling by foreign portfolio investors (FPIs). At 8:15 am, the GIFT Nifty was down 0.2 per cent, indicating a subdued opening for Indian markets. Benchmark indices are likely to follow cues from broader Asian markets, which are under pressure ahead of this week's tariff deadline. The MSCI Asia Pacific Index declined by 0.68 per cent. Japan's Nikkei slipped 0.78 per cent, while South Korea's Kospi edged down 0.02 per cent. Allied Blenders and Distillers Ltd Alan Scott Enterprises Ltd Amber Enterprises India Ltd Apar Industries Ltd Arvind Ltd Asahi Songwon Colors Ltd Asian Paints Ltd ASK Automotive Ltd Bank of India Basant Agro Tech India Ltd BFL Asset Finvest Ltd Bharat Gears Ltd Bharat Seats Ltd Bliss GVS Pharma Ltd Blue Dart Express Ltd John Cockerill India Ltd Comfort Commotrade Ltd Comfort Fincap Ltd Craftsman Automation Ltd Dilip Buildcon Ltd DB International Stock Brokers Ltd Deepak Fertilisers & Petrochemicals Corporation Ltd D.P. Abhushan Ltd Dalal Street Investments Ltd Eiko Lifesciences Ltd Electrotherm (India) Ltd Emami Paper Mills Ltd Entertainment Network (India) Ltd Foseco India Ltd Gabriel India Ltd-$ Gallantt Ispat Ltd Gateway Distriparks Ltd Gayatri BioOrganics Ltd GHCL Textiles Ltd GMR Airports Ltd Golkunda Diamonds & Jewellery Ltd Greenply Industries Ltd Gujarat Poly Electronics Ltd GE Vernova T&D India Ltd Happiest Minds Technologies Ltd HeidelbergCement India Ltd Hind Rectifiers Ltd IFB Industries Ltd IFL Enterprises Ltd International Gemmological Institute India Ltd Invigorated Business Consulting Ltd iStreet Network Ltd Jagran Prakashan Ltd Jasch Industries Ltd Jasch Gauging Technologies Ltd J. Kumar Infraprojects Ltd Jubilant Pharmova Ltd Kolte-Patil Developers Ltd Kopran Ltd Lloyds Engineering Works Ltd Larsen & Toubro Ltd Mahaveer Infoway Ltd Manaksia Steels Ltd Martin Burn Ltd Master Trust Ltd Mather and Platt Fire Systems Ltd Mysore Paper Mills Ltd Naperol Investments Ltd National Plastic Technologies Ltd The New India Assurance Company Ltd NRB Industrial Bearings Ltd Nilkamal Ltd Nalin Lease Finance Ltd Northern Arc Capital Ltd Novartis India Ltd National Peroxide Ltd NTPC Ltd Odyssey Technologies Ltd Parshva Enterprises Ltd Piramal Enterprises Ltd Pil Italica Lifestyle Ltd Quadrant Future Tek Ltd Radhika Jeweltech Ltd Remi Edelstahl Tubulars Ltd Robust Hotels Ltd Rushabh Precision Bearings Ltd Shardul Securities Ltd Siyaram Silk Mills Ltd S.J.S. Enterprises Ltd Stanpacks India Ltd Strides Pharma Science Ltd Star Health and Allied Insurance Company Ltd Summit Securities Ltd Timex Group India Ltd Tirupati Starch & Chemicals Ltd Triveni Engineering & Industries Ltd Vanta Bioscience Ltd Varun Beverages Ltd Vertex Securities Ltd V-Guard Industries Ltd Viksit Engineering Ltd Voltamp Transformers Ltd Welspun Corp Ltd Zee Media Corporation Ltd
News18
19 hours ago
- Business
- News18
Stock Market Updates: Sensex Down Over 150 Points, Nifty Below 24,650; Infosys, ICICI Bank Top Drags
Last Updated: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US Sensex Today: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US and sustained selling pressure from foreign portfolio investors (FPIs). The GIFT Nifty was down 0.2 per cent at 8:15 AM, signalling a muted start for domestic stocks. Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week. Global Cues MSCI Asia Pacific Index down 0.68 per cent. Japan's Nikkei fell 0.78 per cent, while South Korea's Kospi was lower by 0.02 per cent. Meanwhile, the dollar steadied on Tuesday after climbing the most since May in the previous session as the US signed a trade deal with the European Union (EU). Overnight, major Wall Street indices ended mixed, with the S&P 500 index up 0.02 per cent and the Dow Jones down 0.14 per cent. The week is expected to remain volatile with the inflation, trade, and economic data coming along with the Federal Reserve's interest rate decision. view comments First Published: July 29, 2025, 09:16 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
20 hours ago
- Business
- Business Standard
Stock Market LIVE: D-St set for weak open; Asian markets slip; IndusInd, NTPC Green in focus
Stock Market LIVE Updates on Tuesday, July 29, 2025: Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week Stock Market LIVE Updates on Tuesday, July 29, 2025: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US and sustained selling pressure from foreign portfolio investors (FPIs). The GIFT Nifty was down 0.14 per cent at 7:00 AM, signalling a muted start for domestic stocks. Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week. MSCI Asia Pacific Index down 0.68 per cent. Japan's Nikkei fell 0.78 per cent, while South Korea's Kospi was lower by 0.02 per cent. Meanwhile, the dollar steadied on Tuesday after climbing the most since May in the previous session as the US signed a trade deal with the European Union (EU). Overnight, major Wall Street indices ended mixed, with the S&P 500 index up 0.02 per cent and the Dow Jones down 0.14 per cent. The week is expected to remain volatile with the inflation, trade, and economic data coming along with the Federal Reserve's interest rate decision. On the domestic front, Larsen & Toubro, Asian Paints, Varun Beverages and NTPC are among the major names to report earnings today. Investors will, however, react to the first-quarter results of IndusInd Bank, Mazagon Dock Shipbuilders, Torrent Pharmaceuticals, NTPC Green Energy, among others. IPOs in focus In the mainboard space, the initial public offerings (IPOs) of Aditya Infotech and Laxmi India Finance will open for subscription, while the issue of Shanti Gold International will enter its last day. In the SME segment, three issues, including Sellowrap Industries, Shree Refrigerations, and Patel Chem Specialities, will see their last day of bidding. Issues of Repono and Umiya Mobile will enter the second day, while the IPO of Kaytex Fabrics will open for its first day of bidding on Tuesday. 8:01 AM Stock Market LIVE Updates: India's foreign equity listings went cold after 2018 7:58 AM Stock Market LIVE Updates: Asian stocks trade lower Stock Market LIVE Updates: Asian markets witnessed a muted start as investors await the outcome of the ongoing US-China trade talks. Last checked, Japan's Nikkei 225 index was down 0.83 per cent, and Hong Kong's Hang Seng index was down 0.42 per cent. On Monday, Wall Street ended on a flattish note as the new US-European Union trade agreement failed to lift market sentiment. The S&P 500 settled almost unchanged with a positive bias, and the Dow Jones Industrial Average fell 0.14 per cent.
