Latest news with #NiftyF
Business Standard
2 days ago
- Business
- Business Standard
Sensex ends 823 pts lower; Nifty below 24,900 level; realty shares tumble
The key equity indices ended with major cuts today, as global sentiment remained cautious. Investor mood was weighed down by lingering uncertainties surrounding the partial U.S.-China trade agreement, which offered limited clarity and left room for potential tariff escalations. The Nifty ended below the 24,900 level. The market was volatile due to the weekly expiry of the Nifty F&O series today. All the sectoral indices on the NSE ended in red. As per provisional closing data, the barometer index, the S&P BSE Sensex, tanked 823.16 points or 1% to 81,691.98. The Nifty 50 index slipped 253.20 points or 1.01% to 24,888.20. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 1.52% and the S&P BSE Small-Cap index fell 1.38%. The market breadth was weak. On the BSE, 1,286 shares rose and 2,723 shares fell. A total of 142 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 2.54% to 14.02. Buzzing Index: The Nifty Realty index slipped 1.68% to 1,010. The index rose 0.09% in the past trading session. Anant Raj (down 2.95%), Phoenix Mills (down 2.9%), Godrej Properties (down 2.41%), DLF (down 2.35%), Sobha (down 2.12%), Brigade Enterprises (down 2%), Macrotech Developers (down 1.86%), Prestige Estates Projects (down 1.31%), Raymond (down 0.98%) and Oberoi Realty (down 0.53%) declined. Stocks in Spotlight: Sterlite Technologies (STL) surged 9.40% after the company announced it secured a Rs 2,631 crore contract from BSNL for building and maintaining the middle-mile network under BharatNet in Jammu & Kashmir and Ladakh. Tanla Platforms surged 8.46% after the company announced that its board will meet on Monday, 16 June 2025, to consider a proposal for the buyback of equity shares and other related matters. SEPC surged 4.21% after it bagged a letter of award worth Rs 650 crore from Parmeshi Urja for the engineering, procurement, and construction (EPC) of a 133 megawatt (AC) solar power project spread across 26 locations in Maharashtra. Shakti Pumps India advanced 2.76% after the company announced that it has received a letter of award (LoA) worth Rs 114.58 crore from the Maharashtra Energy Department Agency (MEDA). Zee Entertainment added 1.25% after the company announced that its board will meet on Monday, 16 June 2025, where an investment banker will present and discuss the companys growth initiatives for the next three to five years. NIBE rose 0.21%. The firm has received a purchase order from one of the leading Infra and Defence companies for the supply of Armor Plate MIL12560 (ARMOUR) for a total consideration of Rs 23.33 crore. H.G. Infra Engineering fell 1.83%. The company announced that it has been declared the lowest (L1) bidder for the role of Transmission Service Provider (TSP) for the development of an Inter-State Transmission System (ISTS) in the state of Odisha. Canara Bank fell 1.37%. The bank announced a 50 basis points (bps) reduction in its Repo Linked Lending Rate (RLLR), bringing it down from 8.75% to 8.25%, in line with the Reserve Bank of Indias latest repo rate cut. Global Markets: US Dow Jones futures were down 265 points, signaling a weak start for Wall Street. European markets traded lower on Thursday after the UK economy shrank more than expected. The U.K. economy shrank by a larger-than-expected 0.3% in April from Marchthe biggest monthly drop since October 2023. U.K. goods exports to the U.S. dropped 2 billion pounds ($2.71 billion) in April, according to the Office for National Statistics, the biggest monthly drop since records began in 1997. The value of exports was the lowest since February 2022, with the ONS saying the shift was likely linked to the implementation of tariffs on goods imported to the United States. U.S. imports to the U.K. fell by 400 million pounds for the month. Asian stocks ended mixed as investors reacted to U.S. President Donald Trumps statement that a trade agreement with China was done, pending final approval from both himself and Chinese President Xi Jinping. Trump indicated that the deal would include a 55% tariff on Chinese imports, a figure later confirmed by Commerce Secretary Howard Lutnick, who stated that tariffs would remain at that level. In the U.S., major indices closed lower overnight. The S&P 500 fell 0.3%, while the NASDAQ Composite fell 0.5%. The Dow Jones Industrial Average closed flat at 42,865.77 points. According to Trumps social media post, the agreement framework includes Chinese supply commitments for magnets and rare earth elements, while the U.S. would continue to permit Chinese students to attend American universities. Trump emphasized that the U.S. would maintain a 55% tariff, while China would impose a 10% tariff in return. Separately, U.S. inflation data showed the Consumer Price Index (CPI) rose 2.4% year-over-year in May, slightly above Aprils 2.3%. On a monthly basis, CPI growth eased to 0.1%. Market participants are now focused on upcoming Producer Price Index (PPI) figures and weekly jobless claims for additional signals on the health of the U.S. economy.
Business Standard
05-06-2025
- Business
- Business Standard
Benchmarks trade with decent gains; PSU bank shares drop
The domestic equity indices continued to trade with modest gains in mid-afternoon trade, supported by positive global sentiment, expectations of a rate cut in the upcoming RBI policy meeting later this week, and sustained foreign fund inflows. While investors await the policy outcome, they are also closely monitoring bond markets, Brent crude trends, and global trade developments. The Nifty traded above the 24,700 level. The market is volatile due to the monthly expiry of the Nifty F&O series today. PSU bank stocks slip after previous session's gains. At 14:27 IST, the barometer index, the S&P BSE Sensex, advanced 380.63 points or 0.46% to 81,377.14. The Nifty 50 index jumped 93.40 points or 0.39% to 24,713.60. In the broader market, the S&P BSE Mid-Cap index rose 0.32% and the S&P BSE Small-Cap index added 0.64%. The market breadth was positive. On the BSE, 2,301 shares rose and 1,616 shares fell. A total of 158 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 3.14% to 15.25. Buzzing Index: The Nifty PSU Bank index fell 0.79% to 7,044.45. The index advanced in the past trading session. Bank of Baroda (down 2.23%), Canara Bank (down 0.95%), Bank of Maharashtra (down 0.94%), UCO Bank (down 0.91%), Indian Overseas Bank (down 0.87%), Bank of India (down 0.87%), Union Bank of India (down 0.84%), Indian Bank (down 0.84%), Punjab National Bank (down 0.83%) and Punjab & Sind Bank (down 0.52%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper fell 0.21% to 6.199 from the previous close of 6.211. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.7700 compared with its close of 85.8700 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.05% to Rs 98,528. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.06% to 98.88. The United States 10-year bond yield shed 0.09% to 4.358. In the commodities market, Brent crude for August 2025 settlement rose 30 cents or 0.46% to $65.16 a barrel. Stock in Spotlight: Man Industries (India) rose 1.03% after the company announced that it had secured a new export order worth Rs 1,150 crore from an international customer for the supply of various types of pipes.
Business Standard
15-05-2025
- Business
- Business Standard
Nifty below 24,600 level; IT shares decline
The key equity benchmarks continued to trade with modest losses in early trade. The Nifty traded below the 24,600 level. IT stocks slipped in early trade, pausing after gains in the previous session. Market volatility was heightened due to the weekly expiry of the Nifty F&O series today. At 10:30 IST, the barometer index, the S&P BSE Sensex, declined 368.02 points or 0.45% to 80,962.54. The Nifty 50 index slipped 101.50 points or 0.41% to 24,566.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.29% and the S&P BSE Small-Cap index added 0.76%. The market breadth was strong. On the BSE, 2,315 shares rose and 1,142 shares fell. A total of 202 shares were unchanged. Buzzing Index: The Nifty IT index fell 0.74% to 37,573.75. The index rose 1.34% in the past trading session. Persistent Systems (down 2.14%), LTIMindtree (down 1.15%), Infosys (down 1.09%), Coforge (down 0.65%), Wipro (down 0.65%), Tata Consultancy Services (down 0.63%), HCL Technologies (down 0.45%), Mphasis (down 0.15%) and Oracle Financial Services Software (down 0.08%) fell. On the other hand, Tech Mahindra (up 0.18%) edged higher. Result Today Abbott India (up 0.14%), Allied Blenders and Distillers (up 1.59%), Alivus Life Sciences (up 1.07%), Arvind (down 0.97%), Balrampur Chini Mills (up 1.25%), Bombay Burmah Trading Corporation (up 0.35%), Bikaji Foods International (up 0.82%), BLS International Services (up 0.55%), Caplin Point Laboratories (down 0.22%), CESC (down 2.29%), Cochin Shipyard (up 2.89%), Crompton Greaves Consumer Electricals (down 1.36%), Godfrey Phillips (up 0.97%), JSW Energy (up 1.96%), LIC Housing Finance (up 0.62%), P N Gadgil Jewellers (up 0.99%), Solara Active Pharma (up 1.28%), Welspun Enterprises (up 3.36%), Allied Blenders and Distillers (up 1.86%), Bikaji Foods International (up 0.67%), BLS International (up 0.95%) will announced their quarterly earnings later today. Stocks in Spotlight: Tilaknagar Industries zoomed 9.37% after the company reported a 145.9% surge in consolidated net profit to Rs 77.35 crore on a 13.1% increase in revenue from operations (excluding excise duty) to Rs 405.81 crore in Q4 FY25 over Q4 FY24. Dollar Industries tanked 4.14% after the companys consolidated net profit tumbled 13.74% to Rs 29.24 crore in Q4 FY25, compared with Rs 33.90 crore in Q4 FY24. However, total income jumped 9.73% year on year to Rs 550.91 crore in Q4 FY25. Agi Greenpac fell 1.62%. The company reported a 50% rise in consolidated net profit to Rs 97 crore in Q4 FY25 from Rs 65 crore in Q4 FY24. Consolidated revenue grew by 13% year-over-year (YoY) to Rs 705 crore during the fourth quarter.
Business Standard
08-05-2025
- Business
- Business Standard
Barometers trade near flatline; FMCG shares extent losses for 3rd day
The domestic equity benchmarks traded near the flatline with marginal losses in morning trade, as Fed Chair Jerome Powell cautioned that persistent tariff hikes could slow growth and drive long-term inflation. Investor sentiment was also weighed down by rising Indo-Pak tensions. The Nifty traded below the 24,400 level. Market volatility was heightened due to the weekly expiry of the Nifty F&O series today. FMCG shares witnessed selling pressure for the third consecutive trading session. At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 4.32 points or 0.01% to 80,744.77. The Nifty 50 index lost 18.60 points or 0.08% to 24,396. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.50% and the S&P BSE Small-Cap index jumped 1.35%. The market breadth was strong. On the BSE, 2,539 shares rose and 853 shares fell. A total of 166 shares were unchanged. Earnings Today: Titan Company (up 0.54%), Asian Paints (up 0.32%), Larsen & Toubro (up 0.32%), Aarti Industries (up 1.66%), Bharat Forge (down 0.74%), Biocon (down 0.17%), Britannia Industries (up 0.20%), Canara Bank (up 0.48%), Ceigall India (up 1.34%), Chambal Fertilisers & Chemicals (up 2.40%), D. B. Corp (down 2.56%), Dilip Buildcon (up 3.65%), EPL (up 2.22%), Escorts Kubota (down 0.34%), Fine Organic Industries (up 1.86%), GHCL (up 1.64%), Harsha Engineers International (up 1.91%), Hindustan Construction Co (up 1.93%), Ideaforge Technology (up 1.53%), IIFL Finance (up 2.73%), Kalyan Jewellers India (up 0.34%), Pidilite Industries (down 0.65%), Sula Vineyards (up 1.08%) and Zee Entertainment Enterprises (up 2.33%) will declare their quarterly results later today. Buzzing Index: The Nifty FMCG index declined 0.82% to 56,123.45. The index fell 1.42% in three consecutive trading sessions. ITC (down 1.47%), Tata Consumer Products (down 1.42%), Dabur India (down 1.42%), Colgate-Palmolive (India) (down 1.26%), Emami (down 1.20%), United Spirits (down 0.79%), Hindustan Unilever (down 0.40%), Marico (down 0.2%), Nestle India (down 0.17%) and Varun Beverages (down 0.05%) slipped. On the other hand, Radico Khaitan (up 1.64%), Godrej Consumer Products (up 1.56%) and Patanjali Foods (up 0.44%) edged higher. Stocks in Spotlight: Sonata Software declined 1.30%. The companys consolidated net profit increased 2.4% to Rs 107.53 crore in Q4 FY25 as compared with Rs 105.01 crore in Q3 FY25. Net sales increased 19.4% year on year to Rs 2617.20 crore during the quarter ended 31st March 2025. Mahindra & Mahindra slipped 1.08%. The companys total production jumped 20.27% to 85,925 units in April 2025 from 71,445 units produced in April 2024. Total sales increased 17.74% to 80,789 units in April 2025 as against 68,614 in April 2024. Ceinsys Tech rallied 3.49% after it received a work order worth Rs 11.39 crore for project management consultancy of an underground drainage system in Navghar-Manikpur Zone-6 from the Vasai Virar City Municipal Corporation.
