Latest news with #NiftyConsumerDurables
Business Standard
2 days ago
- Business
- Business Standard
Indices trade with major gains; consumer durables shares climb
The key equity indices continued to trade with strong gains in the mid-morning trade, supported by hopes of big changes to the GST system and a recent upgrade to Indias credit rating. On the occasion of Independence Day, Prime Minister Narendra Modi said the government plans to bring generational GST reforms before Diwali, which could benefit sectors like auto, FMCG, and consumer goods. However, global worries remain, including the Russia-Ukraine conflict and possible 25% US tariffs on Indian products starting August 27. The Nifty traded above the 24,950 mark. Consumer Durables shares extended gains for the three consecutive trading sessions. At 11:30 ST, the barometer index, the S&P BSE Sensex, soared 958.78 points or 1.21% to 81,556.44. The Nifty 50 index rallied 324.15 points or 1.32% to 24,953.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 1.42% and the S&P BSE Small-Cap index rose 1.48%. The market breadth was strong. On the BSE, 2,689 shares rose and 1,235 shares fell. A total of 227 shares were unchanged. Buzzing Index: The Nifty Consumer Durables index added 3.51% to 38,641.55. The index surged 4.38% in the three trading sessions. PG Electroplast (up 8.77%), Voltas (up 7.86%), Blue Star (up 7.79%), Amber Enterprises India (up 7.6%) and Bata India (up 6.67%), Havells India (up 5.8%), Whirlpool of India (up 4.94%), V-Guard Industries (up 3.92%), Dixon Technologies (India) (up 3.67%) and Century Plyboards (India) (up 2.63%) added. Stocks in Spotlight: Dilip Buildcon advanced 1.85% after the company announced that the DBL-RAMKY Consortium has been declared as the L-1 bidder for Rajasthan Water Grid Project, which is worth Rs 2,952 crore. Brahmaputra Infrastructure hit an upper limit of 5% after its consolidated net profit soared 121.82% to Rs 15.04 crore in Q1 FY26 as against Rs 6.78 crore posted in Q1 FY25. Lemon Tree Hotels jumped 6.38% after its material subsidiary, Fleur Hotels, has received a letter of award (LoA) from the Delhi Development Authority (DDA) for the licence rights to a prime land parcel in Nehru Place, New Delhi. Global Markets: Asian markets traded higher on Monday after the U.S.-Russia summit ended without a ceasefire agreement. As per media reports, the U.S. President Donald Trump now seemed more aligned with Moscow on seeking a peace deal with Ukraine instead of a ceasefire first, after meeting Russian President Vladimir Putin in Alaska on Friday. The reports further state that Trump will meet Ukrainian President Volodymyr Zelenskiy and European leaders later on Monday to discuss the next steps, though actual proposals are vague as yet. US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. The Dow rose 0.08%, or 34.86 points, to 44,946.12. The S&P 500 slipped 0.29%, or 18.74 points, to 6,449.80; and the tech-heavy Nasdaq dipped 0.4%, or 87.693 points, to 21,622.977. The US Census Bureau data released Friday morning showed retail sales rose 0.5% in July from the prior month. Meanwhile, US consumer sentiment deteriorated in August, falling for the first time in four months as inflation expectations jumped in the longer term. The US Fed will continue to be in focus this week as central bank members travel to Jackson Hole, Wyoming, for the annual economic policy symposium.
Business Standard
6 days ago
- Business
- Business Standard
Nifty above 24,600 level; consumer durables shares climb
The key domestic indices traded with minor gains in mid-morning trade. Investors will track FII trends in the backdrop of the upcoming meeting between Donald Trump and Russian President Vladimir Putin later this week while awaiting WPI data due later today. The Nifty traded above the 24,600 level. Consumer durables shares witnessed buying demand for second consecutive trading session. At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 94.66 points or 0.12% to 80,627.24. The Nifty 50 index added 21.95 points or 0.09% to 24,641.30. In the broader market, the S&P BSE Mid-Cap index shed 0.25% and the S&P BSE Small-Cap index fell 0.37%. The market breadth was negative. On the BSE 1,760 shares rose and 2,022 shares fell. A total of 182 shares were unchanged. The stock market will remain closed tomorrow, 15 August 2025 on account of Independence Day. Buzzing Index: The Nifty Consumer Durables index added 0.36% to 37,185.15. The index increased 0.41% for the two trading sessions. Kalyan Jewellers India (up 2.31%), Crompton Greaves Consumer Electricals (up 1.02%), Havells India (up 0.76%), Dixon Technologies (India) (up 0.62%) and Blue Star (up 0.51%) were the top gainers. Among the other gainers were Century Plyboards (India) (up 0.34%), Titan Company (up 0.28%). Stocks in Spotlight: Muthoot Finance rallied 9.79%. The companys consolidated net profit climbed 65% year-on-year to Rs 1,974.2 crore in Q1 FY26 from Rs 1,195.7 crore in Q1 FY25. Total income rose 44% YoY to Rs 6,485 crore in Q1 FY26 from Rs 4,492.4 crore a year ago. Rail Vikas Nigam (RVNL) shed 0.11%. The company said that it has received a letter of award (LoA) from Southern Railway to install video surveillance systems at 441 D and E category stations, and upgrade systems at 43 A1 to C category stations. Global Markets: Asian markets traded mixed Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month. On the data front, Australias unemployment rate eased to 4.2% on a seasonally-adjusted basis in July. The reading was lower than the 4.3% recorded in June, data released by the Australian Bureau of Statistics on Thursday showed. On Wall Street, both the S&P 500 and Nasdaq Composite climbed to new record closing highs on Wednesday. The Dow Jones Industrial Average added 463.66 points, or 1.04%, closing at 44,922.27. The S&P 500 rose 0.32% to settle at 6,466.58, while the Nasdaq Composite gained 0.14% and finished at 21,713.14.
India.com
27-06-2025
- Business
- India.com
Stock Market Hits 9-month High As Sensex Surges Past 84,000, Nifty Nears 25,650
Mumbai: The Indian stock markets ended on a strong note on Friday, with benchmark indices touching a nine-month high. Investors were in a positive mood as tensions in West Asia eased amid reports of a 'great' India-US trade deal possibility, thus lifting market confidence and encouraging buying. The Sensex climbed 303.03 points, or 0.36 per cent, to close at 84,058.90. It traded within a range of 83,645.41 to 84,089.35 during the day. This is the fourth straight session of gains for the benchmark index, marking a steady upward trend. The Nifty also saw a similar rise, gaining 88.80 points, or 0.35 per cent, to finish the day at 25,637.80. It moved between 25,523 and 25,654 in intra-day trade. "The Nifty continued to move higher as investor confidence remained strong. With no major resistance seen before 25,750–25,800, the index may continue its upward trajectory,' Rupak De of LKP Securities said. A buy-on-dips strategy appears more appropriate at current levels, following the sharp rise over the past few days. On the downside, support is placed at 25,500; a break below this level could lead to consolidation, he added. Earlier, the Sensex had touched the 84,000-mark in October 2024, while the Nifty had reached 25,639 on October 3 last year. Broader markets followed suit. The Nifty Midcap100 index rose 0.27 per cent, while the Nifty Smallcap100 jumped 0.91 per cent -- showing that investor interest was strong even beyond large-cap stocks. Except for the Nifty Consumer Durables, Realty, IT, and FMCG indices, all other sectoral indices on the NSE closed in the green. The Nifty Oil & Gas index outperformed both its sectoral peers and the benchmark indices, ending 1.19 per cent higher. Volatility also cooled off, with the India VIX -- the fear gauge -- slipping 1.60 per cent to settle at 12.39. This suggests that investors are feeling more confident about market stability in the near term.
Time of India
12-05-2025
- Business
- Time of India
FMCG sector set for recovery in H1FY26; Consumer durables show long-term strength: Report
The fast-moving consumer goods (FMCG) sector is expected to see a rebound in demand in the first half of financial year 2025-26, supported by a revival in rural markets, easing inflation, and favorable pricing strategies, according to a recent report by ShriRam Mutual Fund. #Operation Sindoor India responds to Pak's ceasefire violation; All that happened India-Pakistan ceasefire reactions: Who said what Punjab's hopes for normalcy dimmed by fresh violations The report stated that while this anticipated recovery comes after a period of mixed performance, especially as companies look forward to improved consumption trends across both urban and rural areas. It said, "FMCG is poised for a demand rebound in H1FY26, aided by rural recovery, softening inflation, and supportive pricing". by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Cost Of Amusement Park Equipment From Mexico Might Surprise You (See Prices) Amusement Park Equipment | search ads Learn More Undo On the other hand, the consumer durable sector also maintains a positive outlook but with challenges, particularly for categories like electrical consumer durables (ECD) and room air conditioners (RACs). The demand for premium products and the effect of rising temperatures are expected to boost sales, especially for brands with a strong presence in fans and cooling appliances. Live Events However, the report warned of some challenges. High raw material costs and limited ability to pass on those costs to consumers may impact profit margins, particularly in the RAC segment. The report said, "High raw material costs and limited pricing power may pressure RAC margins." Additionally, a delayed summer season affected sales in the southern region, though demand in northern parts of the country has seen a pickup. On the equity market front, the report highlighted increasing volatility in domestic markets, driven largely by global concerns. The fear of a potential global trade war, following tariff impositions by the United States, has led to uncertainty. This has caused jitters in global financial markets and is contributing to short-term market fluctuations. Despite these concerns, both the FMCG and consumer durables sectors posted strong gains over the past month. The Nifty FMCG index rose by 5.33 per cent, while Nifty Consumer Durables climbed 4.06 per cent, reflecting optimism around domestic consumption, helped by stable input costs and improving demand. However, looking at a three-month period, the gains were more modest. Nifty Consumer Durables rose by just 1.09 per cent, and Nifty FMCG inched up 1.60 per cent. This suggests some investor caution, especially around the pace of rural recovery in the FMCG space. Over six months, both sectors showed declines--Nifty FMCG dropped 5.53 per cent and Nifty Consumer Durables fell 6.30 per cent--indicating pressure from higher interest rates and inflation, which have likely impacted consumer spending. In the long term, Nifty Consumer Durables outperformed FMCG, rising 7.13 per cent over the past year, compared to FMCG's 4.06 per cent gain. Overall, while both sectors have shown signs of recovery in the short term, consumer durables appear to have stronger investor confidence for the long run.
