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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
27-05-2025
- Business
- India Today
Sensex slumps nearly 800 points: Why is the stock market falling today?
Equity benchmarks slipped sharply in early trade on Tuesday, erasing gains from the previous session as investors turned cautious amid global uncertainty and profit 9:29 AM, the BSE Sensex was down 752 points at 81,424, while the NSE Nifty50 dropped 209 points to 24,792. Broader market indices also faced selling pressure, with heightened volatility dragging down sentiment across the board. Banking, IT, and financial services were among the worst-hit TRIGGERED THE MARKET DROP?A surge in Covid-19 cases has reignited fears of economic disruption, prompting a risk-off mood among investors. The spike comes just as markets were attempting to consolidate after a strong run-up. While no single factor is solely responsible, the rise in infections, weak cues from Asian markets, and a round of profit booking all appear to be weighing on V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the market may be entering a consolidation phase. 'High valuations are prompting selling on rallies, while any dip will likely be bought into, given that mutual funds are sitting on ample cash,' he noted. He added that a sustained upward move is unlikely without clear signs of a pickup in earnings growth, which is something that remains a few quarters away. However, he pointed to 'slow accumulation in rate-sensitive sectors like autos,' anticipating rate cuts as inflation continues to added that one positive trend is that Systematic Investment Plan (SIP) flows remain strong, with retail investors staying invested longer than in the past—providing a degree of underlying support to the FACTORS AT PLAYDevarsh Vakil, Head of Prime Research at HDFC Securities, pointed to losses in Chinese and Hong Kong equities as another headwind. 'Automobile shares fell on renewed price war concerns, and Apple suppliers declined amid fears of fresh US tariffs,' he home, sentiment had been buoyed in recent days by positive cues — including US President Donald Trump's decision to delay additional tariffs on the European Union and optimistic forecasts for India's monsoon season. But with those factors now priced in, markets seem to be the Nifty appears to have broken out of its recent consolidation between 24,500 and 25,000. Resistance is seen at 25,207, the 76.4% Fibonacci retracement of the drop from 26,277 to 21,743. On the downside, immediate support is expected near 24, InMust Watch
Time of India
25-05-2025
- Business
- Time of India
Trump's new tariff threats, IPOs and FII action among 9 factors that'll steer D-Street this week
Indian benchmark indices ended the week with a decline of 0.7%, weighed down by heightened volatility. A host of key domestic and global events lined up in the coming days are expected to influence market direction when trading resumes on Monday. On Friday, the Nifty jumped 243.45 points, or 0.99%, to close at 24,853.15, supported by strong buying in IT and FMCG stocks . Vinod Nair, Head of Research at Geojit Financial Services, said the Indian stock market witnessed significant volatility during the week, primarily due to turbulence in global bond markets. Weak U.S. bond auctions and rising Treasury yields triggered a global risk-off sentiment, leading to sharp midweek sell-offs. However, Nair noted that the Indian market remained resilient, buoyed by strong buying from domestic institutional investors (DIIs) and retail participants, even as foreign institutional investors (FIIs) sold Indian equities. He added that the next major triggers for the market include India's GDP data, the U.S. federal budget, inflation figures, and weekly jobless claims . Factors that are likely to impact movement when markets reopen this week 1. Trump's tariff salvo US President Donald Trump has reignited the tariff debate, this time threatening to impose 50% tariffs on the European Union. On Friday, he said that discussions with the EU were 'going nowhere.' He also criticized the bloc's trade policies, barriers, and taxes, calling the resulting trade imbalance with the United States 'totally unacceptable.' Trump further warned smartphone manufacturers, including Apple, of a potential 25% tariff if devices sold in the US are not manufactured domestically. Also Read: Apple shares fall 4% after Trump threatens to impose 25% tariff. Here's why 2. Q4FY25 earnings The earnings season is in its final leg, with over 2,000 BSE-listed companies set to announce their quarterly results this week. The Street will be closely tracking several of them. Key results expected include Life Insurance Corporation (LIC), Info Edge (India), Aurobindo Pharma, Brainbees Solutions (FirstCry), Awfis Space Solutions, Balaji Amines, Olectra Greentech, EPACK Durable, Birlasoft, Indian Railway Catering and Tourism Corporation (IRCTC), Bajaj Auto, SJVN, Sobha, Suzlon Energy, and FSN E-Commerce Ventures (Nykaa). Markets will also react to the Q4 earnings of NTPC and JK Cement, which were announced after market hours on Saturday. 3. US Markets Indian markets will also take cues from Wall Street, which ended lower on Friday. The Dow Jones Industrial Average fell 256.02 points, or 0.61%, to close at 41,603.10. The S&P 500 dropped 39.19 points, or 0.67%, to end at 5,659.91, while the Nasdaq Composite declined 188.53 points, or 1%, to settle at 18,737.20. 4) FII/DII Action Market action will largely hinge on the behaviour of foreign institutional investors (FIIs). On Friday, FIIs were net buyers, purchasing shares worth Rs 1,794.59 crore, while domestic institutional investors (DIIs) also remained net buyers with inflows of Rs 299.78 crore. Read More: FIIs withdraw Rs 11,591 crore from domestic markets this week. May purchases narrow to Rs 13,835 crore 5) Technical Factors Decoding Nifty's technical setup, Bajaj Broking Research noted that the index formed a small bullish candle with an upper shadow on the charts, staying within the previous session's trading range—indicating consolidation around the 24,800 level. This suggests the index may enter a short-term consolidation phase in the 24,400–25,200 range, to absorb the overbought conditions reflected in the daily stochastic oscillator after the recent sharp rally. "Within this broader consolidation, a move above Friday's high of 24,946 could open the path towards 25,100–25,200 in the coming sessions. Conversely, a break below the nearly identical lows of the last two sessions (24,669) may trigger an extended decline towards 24,500–24,400," the brokerage said. It added that key short-term support lies in the 24,350–24,400 zone—a confluence area marked by the previous week's low, the 20-day EMA, and the 61.8% Fibonacci retracement of the recent rally from 23,935 to 25,116. 6) Rupee vs Dollar The Indian rupee snapped a three-day losing streak on Friday, appreciating by 50 paise to close at Rs 85.45 against the U.S. dollar. The rebound was driven by a sharp decline in the dollar index, strong domestic equities, and improved global risk appetite, even as foreign fund outflows and elevated crude prices continued to exert pressure. The rupee, which had lost 53 paise over the previous three sessions, traded with heavy volatility in the interbank forex market. Forex analysts attributed the recovery to broad-based weakness in the greenback. 'We expect the rupee to trade with a positive bias on underlying weakness in the U.S. dollar index and improved global risk sentiment. However, selling pressure from foreign investors may cap sharp gains,' said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, as quoted by PTI. The dollar index, which tracks the greenback against six major currencies, fell 0.60% to 99.36, weighed down by lower U.S. Treasury yields and renewed demand for riskier assets. 7) Corporate action Over a dozen stocks will hit their record dates for dividends in the upcoming five-day trading week. Notable among them are L&T Finance, Trident, Infosys, ITC, and Angel One. Read more: Corporate actions: Infosys, ITC and Bajaj Finance among 12 stocks with record dates next week. Do you own any? 8) IPOs This Week Three mainboard IPOs and two SME IPOs are set to open this week. On the mainboard, the IPOs of Prostarm Info Systems, Aegis Vopak Terminals, and Leela Hotels will be launched. Prostarm will open on Tuesday, May 27, while Aegis Vopak and Leela Hotels will open for subscription on Monday, May 26. In the SME segment, Nikita Papers and Blue Water Logistics will launch their IPOs on Tuesday. 9. Crude Oil Crude oil prices continue to be a key market factor, given their influence on inflation trends. U.S. WTI crude settled at $61.76, up $0.56 or 0.92%, while Brent crude futures hovered near $64.78, gaining $0.59 or 0.92%.
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Business Standard
22-05-2025
- Business
- Business Standard
Sensex, Nifty fall 0.8% as US bond yield spike triggers global selloff
Indian equities fell on Thursday, joining a global selloff as concerns over the US fiscal outlook and rising bond yields led to heavy foreign portfolio investor (FPI) selling. The Sensex ended the session at 80,952, down 645 points, or 0.8 per cent. The Nifty closed at 24,610, losing 204 points, or 0.8 per cent. For the week, the Sensex slipped 1.7 per cent, while the Nifty shed 1.6 per cent. The total market capitalisation of BSE-listed firms dropped by ₹2.2 trillion to ₹439 trillion. Though India Vix — a gauge of market volatility — fell 1.7 per cent to 17.3, it climbed 4.3 per cent for the week. Investors are on edge over the impact of US President Donald Trump's tax Bill, which the House of Representatives narrowly passed. The tax-and-spending package, fulfilling several of Trump's populist promises, is expected to add about $3.8 trillion to the US government's $36.2 trillion debt over the next decade. Debt concerns triggered a credit rating downgrade by Moody's last week. Longer-dated US bond yields climbed, with the 30-year yield touching 5.1 per cent — the highest since October 2023. Rising yields make US bonds more appealing and often prompt FPIs to pull back from emerging markets, including India. FPIs were net sellers of ₹5,045 crore on Thursday, while domestic institutions bought shares worth ₹3,715 crore. FPIs have been aggressive sellers this week; on Tuesday, they offloaded shares worth ₹10,016 crore. The course of Indo-US trade talks and the monsoon's progress will shape market direction in the near term. 'The key benchmark indices declined amid concerns that the proposed US budget could sharply raise national debt, pushing up treasury yields due to weak long-term bond demand. Adding to the pressure, a major credit rating agency's downgrade of the US credit outlook triggered broad selloffs across Asian markets. Despite an improvement in India's Purchasing Managers' Index for May and signs of fiscal stability, lingering uncertainty around US-India trade negotiations and global volatility are likely to keep Indian equities in a range-bound zone for now,' said Vinod Nair, head of research at Geojit Financial Services. Market breadth was weak, with 2,275 stocks declining and 1,661 advancing. Barring three, all sectoral indices on the BSE ended in the red. Reliance Industries, down 1.36 per cent, was the biggest drag on the Sensex, followed by Mahindra & Mahindra, which declined 2.6 per cent. 'The drop was largely due to weak global cues, especially from US markets, in the absence of meaningful domestic triggers. The recent foreign fund outflow has further pressured sentiment. Going ahead, the Nifty must stay above its 20-day exponential moving average near 24,450. A breach could lead to more profit-booking and push the index down to the 24,100 zone,' said Ajit Mishra, senior vice-president of research at Religare Broking.
Business Standard
22-05-2025
- Business
- Business Standard
Geojit Financial Services consolidated net profit declines 38.45% in the March 2025 quarter
Sales decline 15.10% to Rs 176.70 crore Net profit of Geojit Financial Services declined 38.45% to Rs 31.13 crore in the quarter ended March 2025 as against Rs 50.58 crore during the previous quarter ended March 2024. Sales declined 15.10% to Rs 176.70 crore in the quarter ended March 2025 as against Rs 208.13 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.66% to Rs 167.53 crore in the year ended March 2025 as against Rs 144.85 crore during the previous year ended March 2024. Sales rose 21.78% to Rs 747.91 crore in the year ended March 2025 as against Rs 614.13 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 176.70208.13 -15 747.91614.13 22 OPM % 29.4238.79 - 38.0337.13 - PBDT 47.9473.90 -35 253.39220.95 15 PBT 39.9066.38 -40 222.69191.97 16 NP 31.1350.58 -38 167.53144.85 16
