Latest news with #Gaggar
India Today
29-05-2025
- Business
- India Today
Sensex ends 321 points higher, Nifty above 24,800; IndusInd Bank up over 2%
Benchmark indices managed to end higher on Thursday, buoyed by a late-session rally that helped offset earlier volatility. The BSE Sensex climbed 320.70 points to close at 81,633.02, while the NSE Nifty50 advanced 81.15 points to settle at 24, the broad market indices also ended in the green, with volatility cooling sharply during the session. Sectorally, Metal, Pharma, and IT stocks led the Nair, Head of Research at Geojit Financial Services, said global cues played a supportive role. 'Global sentiment improved after a U.S. court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher U.S. 10-year bond yields,' he noted.'Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation,' he Gaggar, Director at Progressive Shares, said that after a strong start, the Nifty gave up its gains mid-session and traded in a narrow range. 'A sudden surge in the final hour lifted the index to end the monthly expiry on a positive note,' he and Realty were among the top-performing sectors, while PSU Banking and FMCG stocks came under mild pressure. Midcap and Smallcap indices extended their recent outperformance, ending up 0.55% and 0.59%, Gaggar said the index remains wedged between key levels. 'Nifty continues to face resistance at 24,960 and support at 24,730. A breakout on either side will be crucial in determining the next trend.'Rupak De, Senior Technical Analyst at LKP Securities, described the expiry day trade as volatile with limited directional strength. 'The RSI remains in a downward trajectory, indicating weakness,' he pegged 24,670 as a critical support. 'A break below this could lead to a sharper correction, dragging the Nifty towards 24,400 or even 24,300. However, if the index manages to hold above 24,670, a swift rebound toward 25,000–25,150 is possible in the near term,' he added. advertisement
India Today
26-05-2025
- Business
- India Today
Sensex ends 455 points higher, Nifty settles above 25,000; Eternal tanks 5%
Benchmark indices closed Monday's session on a firm footing, buoyed by supportive global cues and domestic triggers. Investor sentiment improved after US President Donald Trump signalled a delay in imposing additional tariffs on the European Union, while encouraging signs on the monsoon and bond yields added fuel to the BSE Sensex ended 455.37 points higher at 82,176.45, while the NSE Nifty50 rose 148 points to close at 25,001.15. Broader markets also held firm, with continued momentum in mid-cap and small-cap sectoral indices ended in the green, with auto and IT stocks topping the gainers' list. The top five performers on the Nifty50 were Bajaj Auto, JSW Steel, M&M, Trent, and Hindalco. Lagging behind were Eternal, Ultratech Cement, Kotak Mahindra Bank, Power Grid, and NTPC. Vinod Nair, Head of Research at Geojit Financial Services, attributed the day's strength to a combination of constructive global signals and improving domestic fundamentals. 'The US decision to consider extending the deadline for imposing aggressive tariffs on EU, coupled with a decline in the dollar index, contributed to a rebound in the domestic equity markets," he said. "Additionally, the early onset of the southwest monsoon and a decline in domestic bond yields have encouraged investors to maintain their focus on riskier assets.'He added that expectations of stronger Q4 GDP data and improved rural consumption after a solid earnings season also supported the broader Gaggar, Director at Progressive Shares, pointed to technical factors that kept the Nifty's movement restricted. 'Despite a strong opening, the Index failed to build on the initial momentum and traded within a narrow range throughout the session, eventually ending at 25,001.15 with gains of 148 points,' he said. 'All the sectors closed in green, with Auto and IT leading the gains.'Gaggar added that while midcaps largely kept pace with the benchmark, smallcaps underperformed. He flagged the 24,930–25,060 zone as a key resistance band: 'A decisive close above this range is critical to sustain the ongoing upward momentum and open the door for a potential move towards the 25,200 mark. On the flip side, support has been shifted higher to 24,860.'As traders eye the next set of global cues and upcoming domestic data, market participants will be watching whether the rally sustains beyond the current technical thresholds.
India Today
22-05-2025
- Business
- India Today
Sensex closes 645 points lower, Nifty below 24,700; IndusInd Bank gains 2%
Benchmark stock market indices closed lower on Thursday after rebounding a little from the major losses they suffered earlier in the day due to unfavourable global S&P BSE Sensex lost 644.64 points to end at 80,951.99, while the NSE Nifty50 was down by 203.75 points to close at 24, Gaggar, Director of Progressive Shares, said that the equity market experienced a downturn due to a surge in bond yields, which dented the market IndusInd Bank emerged as the top performer, gaining 1.82% by market close, followed by Bharti Airtel which advanced by 0.44%. UltraTech Cement saw a modest uptick of 0.10%, while Kotak Mahindra Bank and Tata Steel faced minor declines of 0.12% and 0.22% & Mahindra faced the steepest decline, dropping 2.27% during the session. Bajaj Finserv was under pressure, falling 1.80%, while Tech Mahindra retreated by 1.77%. Power Grid Corporation declined by 1.74%, and ITC rounded out the top five losers with a drop of 1.58%.Broader market indices faced pressure as Nifty Midcap100 declined by 0.52% and Nifty Smallcap100 fell by 0.28%. The India VIX dropped by 1.65%. Most sectoral indices closed with losses, reflecting widespread selling pressure across various FMCG was the worst performer, tumbling 1.44%, followed by Nifty IT which declined 1.31% and Nifty Oil & Gas falling 1.17%.advertisementOther notable losers included Nifty Consumer Durables down 1.14%, Nifty Auto retreating 1.01%, Nifty Pharma slipping 0.93%, Nifty PSU Bank declining 0.58%, Nifty Financial Services falling 0.53%, Nifty Realty down 0.46%, Nifty Healthcare Index dropping 0.44%, Nifty Metal retreating 0.31%, and Nifty Private Bank slipping 0.22%.However, Nifty Media managed to buck the negative trend, posting a gain of 1.11%, emerging as the sole sectoral index to close in positive Nair, Head of Research, Geojit Investments Limited, explained that key benchmark indices witnessed declines amid US fiscal concerns that the proposed budget bill could significantly increase the national debt, pushing US treasury yield higher due to tepid long term bond demand."Despite a notable improvement in India's PMI in May and uptick in fiscal scenario, ongoing uncertainty around U.S.-India trade negotiations and persistent global market volatility are likely to keep Indian equities in a consolidation phase in the near term," 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.)
India Today
20-05-2025
- Business
- India Today
Sensex closes 873 points lower, Nifty falls below 25,000; Eternal down 4%
Benchmark stock market indices closed in red after seeing a sharp fall in the later part of the day, triggered by a fall in automobile and consumer-centric consumption S&P BSE Sensex lost 872.98 points to end at 81,186.44, while the NSE Nifty50 was down by 261.55 points to close at 24, Nair, Head of Research, Geojit Investments Limited, said that the lack of major positive triggers and prevailing uncertainty over U.S. fiscal stability, investors opted for profit-booking and adopted a cautious "Selling pressure was widespread as participants awaited more clarity on the India-U.S. trade agreement. Given the current premium valuations and delays in the trade deal, we foresee a phase of short-term consolidation, which may lead FIIs to scale back their positions in the domestic market.," he added. Markets slipped into the red, with the Sensex trading lower as most index heavyweights the few gainers were Tata Steel, which edged up 0.73%, followed by Infosys and ITC, gaining 0.08% and 0.07% was the worst performer on Sensex, plunging 4.10%, followed by Maruti Suzuki India, which lost 2.76%. Shares of Mahindra & Mahindra declined 2.13%, while UltraTech Cement dropped 2.04%. Power Grid Corporation of India also fell 2.01%, rounding out the top five losers of the markets ended lower on Monday, with the Nifty Midcap 100 falling 1.46% and the Nifty Smallcap 100 slipping 0.82%. Volatility also edged up, as the India VIX rose 0.33%, indicating heightened nervousness among Gaggar, Director of Progressive Shares, said that a sharp decline in the midcap and smallcap segments added pressure on the Index, which intensified during the second half of the trading session. All major sectoral indices on the Nifty closed in Auto led the decline with a sharp fall of 1.96%, followed by Nifty Healthcare Index, which was down 1.27%. Nifty Financial Services 25/50 dropped 1.22%, while Nifty Pharma lost 1.23% and Nifty FMCG declined 1.17%.Other laggards included Nifty Private Bank, Nifty PSU Bank, Nifty Metal, Nifty Oil & Gas, Nifty Consumer Durables, and Nifty Realty, all ending the day with cuts. Nifty IT, Nifty Media, and Nifty Bank also saw modest losses, contributing to the overall weak market sentiment."Market activity in the upcoming session will be crucial in determining whether the trend continues or reverses. The key resistance and support levels are placed at 24,900 and 24,535, respectively," said Gaggar. advertisement(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.)
India Today
19-05-2025
- Business
- India Today
Sensex, Nifty today: Key levels and sectors to watch. Here's how to trade
The stock market is expected to open lower on Monday with the Sensex and Nifty likely to begin the week on a quiet note. This comes as investors look for fresh triggers after a strong rally last benchmark indices ended in red on Friday. Traders chose to book profits after days of gains. The Nifty50 had jumped 4.2% last week, while foreign portfolio investors bought shares worth Rs 15,925 crore, marking their fifth straight week of LEVELS TO WATCHMarket experts say there is still positive momentum in the market, but traders should be cautious and focus on key Gaggar, Director of Progressive Shares, said, 'The weekly line chart of the Index displays a rounding bottom breakout, signaling strong bullish momentum. The key levels to watch for the Index are resistance at 25,200 and support at 24,930. In BankNifty, a Bullish Flag and Pole formation is forming, with immediate resistance at 55,580 and support at 54,900, awaiting breakout confirmation.'He added that many sectors are showing strong signals on the charts. These include auto, energy, metal, pharma, real estate, and TO KEEP AN EYE ONGaggar shared a detailed sector-wise breakdown of how different parts of the market are looking based on chart patterns:Auto: Stocks like Bajaj Auto and Exide Industries are showing bullish signals such as inverted head and shoulder breakouts and falling channel After over three months of moving sideways, this sector is now showing strong upward movement. Stocks like CG Power, JSW Energy, and SJVN have seen bullish This sector is showing a reversal of the earlier downward trend. Jindal Steel and SAIL have both seen symmetrical triangle The sector is expected to see a strong rally after a breakout from an inverted head and shoulder A range breakout has been seen in this sector, with stocks like AnantRaj and DLF showing symmetrical triangle Stocks like HBL Engineering, IRFC, Jupiter Wagon, Railtel, RVNL, Texmaco Rail, and Titagarh were top gainers last week. Many of these stocks showed bullish breakouts and could be good for a 'buy on dips' This sector may see some profit-booking after a sharp rally. Investors are advised to be careful while trading these concluded, 'Summing up all the above analysis, we conclude that the 'buy on dips' strategy would be ideal.'MARKET OUTLOOK AND RISKSDr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said, 'An apparently perplexing trend from the last trading day is that the market declined despite Rs 14,018 crore of institutional buying (FIIs plus DIIs). This indicates that FIIs are increasing their short positions in the derivatives market. So expect more volatility ahead.'He also warned about the recent rally in defence stocks.'An important trend in the market is the sharp rally in defence stocks. Even though this segment has bright medium to long-term prospects, their valuations have become excessive and, therefore, investors have to be extremely cautious. Some profit booking in this segment would be appropriate,' Vijayakumar 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
