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Business Standard
4 days ago
- Business
- Business Standard
Muthoot Finance Ltd soars 1.04%, rises for fifth straight session
Muthoot Finance Ltd is quoting at Rs 2296, up 1.04% on the day as on 12:44 IST on the NSE. The stock is up 30.96% in last one year as compared to a 8.75% spurt in NIFTY and a 20.69% spurt in the Nifty Financial Services. Muthoot Finance Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 2296, up 1.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.8% on the day, quoting at 24817.95. The Sensex is at 81630.86, up 0.78%. Muthoot Finance Ltd has risen around 2.13% in last one month. Meanwhile, Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has risen around 1.76% in last one month and is currently quoting at 26264.55, up 0.61% on the day. The volume in the stock stood at 1.94 lakh shares today, compared to the daily average of 11.23 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 2305.9, up 1.17% on the day. Muthoot Finance Ltd is up 30.96% in last one year as compared to a 8.75% spurt in NIFTY and a 20.69% spurt in the Nifty Financial Services index. The PE of the stock is 17.56 based on TTM earnings ending March 25.
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Business Standard
20-05-2025
- Business
- Business Standard
Benchmarks slip for third straight day; Sensex, Nifty drop over 1%
Indian equity benchmarks declined on Tuesday amid the biggest one day selling by foreign portfolio investors (FPI) in three months. The Sensex ended the session at 81,186, a decline of 873 points or 1.06 per cent, while the Nifty closed the day at 24,684, a drop of 261 points or 1.05 per cent. The total market capitalisation of BSE-listed firms declined by ₹5.6 trillion and stood at ₹438 trillion. FPIs on Tuesday were net sellers to the tune of Rs 10,016 crore, their biggest selling since February 28, while domestic institutions bought shares worth Rs 6,738 crore. Most of the Sensex decline was contributed by HDFC Bank, which fell 1.3 per cent where FPIs hold significant stake followed by Reliance Industries, which dropped 1.1 per cent. Finance stocks remained under selling pressure, and Nifty Financial Services, a gauge tracking finance stocks, fell by 1.2 per cent. All the Nifty sectoral indices declined, with Nifty Auto falling 2.2 per cent, the most. Indian equities have been ending with losses this week after closing last week with a 4.2 per cent rise, marking their best weekly run since April 18. Last week, equity markets rose following a ceasefire understanding between India and Pakistan. However, there was some profit-booking after the US and China agreed to slash reciprocal trade tariffs for 90 days. Buying returned later in the week after US President Donald Trump said India had offered to drop tariffs on US goods. Lack of positive triggers has been dragging markets this week. "With a lack of major positive triggers and prevailing uncertainty over US fiscal stability, investors opted for profit-booking and adopted a cautious stance. Selling pressure was widespread as participants awaited more clarity on the India-US trade agreement. Given the current premium valuations and delays in the trade deal, we foresee a phase of short-term consolidation, which may lead foreign institutional investors (FIIs) to scale back their positions in the domestic market," said Vinod Nair, head of research of Geojit Financial Services. "The decline reflects rising caution among market participants without any major domestic triggers and amid global uncertainties. Intermediate volatility in the US markets and concerns over the potential impact of the US-China trade deal on foreign institutional inflows into emerging markets, including India, also weighed on sentiment," said Ajit Mishra, SVP-research of Religare Broking. Mishra added that investors should not overreact to the recent dip and instead wait for clearer signals. "While the breach of the 24,800 mark in Nifty has dampened near-term momentum, the short-term trend remains positive as long as the index holds above the 24,400 level decisively," he said. The market breadth was weak with 2,642 stocks declining and 1,341 advancing.
Economic Times
16-05-2025
- Business
- Economic Times
Market Wrap: Financials, IT stocks drag D-Street lower; Sensex sheds 200 pts, Nifty below 25,100
Indian benchmark indices ended lower on Friday, weighed down by a pull-back in as high-weight financial and information technology stocks following a rally earlier in the week. Tired of too many ads? Remove Ads Sector Watch Tired of too many ads? Remove Ads Expert View Indian benchmark indices ended lower on Friday, weighed down by a pull-back in heavy-weight financial and information technology stocks following a rally earlier in the BSE Sensex shed 200.15 points, or 0.24%, to close at 82,330.59, while the NSE Nifty 50 declined 42.30 points, or 0.17%, to settle at 25, the 30 Sensex stocks, Bharti Airtel SBI , and Tech Mahindra were the top laggards, declining between 0.8% and 2.8%.The Nifty IT index slipped 0.8%, while the Nifty Financial Services index ended IT index had rallied nearly 7% over the past four sessions, buoyed by easing recession fears in the U.S. following a trade truce with China. Financials gained around 4% during the same contrast, broader markets outperformed. The Nifty Midcap 100 rose 0.9% and the Nifty Smallcap 100 jumped 1.9%, driven by gains in defence stocks and strong post-earnings moves in names like Crompton Greaves Airtel dropped 2.8% after major shareholder Singapore Telecommunications offloaded a $1 billion stake."Markets traded lackluster after Thursday's surge and ended marginally lower, in the absence of any fresh triggers, said Ajit Mishra – SVP, Research at Religare Broking, adding that the tone remained subdued from the outset, with consolidation in heavyweight stocks across sectors capping the move throughout the session."On the sectoral front, a mixed trend kept participants engaged. Realty, energy, and auto sectors edged higher, while IT witnessed some profit-taking, declining by nearly a percent. The broader indices outperformed amid mixed cues, with themes like defense and railways continuing to attract notable buying interest."More than the recovery in the benchmark index, the broad-based rebound has offered greater relief to market participants with sustained FII inflows and stable global markets further contributing to the positive sentiment, said Nifty remained in consolidation mode today, taking a breather after Thursday's rally with overall sentiment continuing to stay firm, with sectoral themes playing out, said Rupak De, Senior Technical Analyst at LKP Securities."Indicators and overlays are consistently pointing towards further strength in the short term. Any dips are likely to be bought into, with support placed at 25,000/24,800. On the higher side, a move above 25,120 could take the index towards 25,250/25,350," said De.
India Today
07-05-2025
- Business
- India Today
Explained: Why foreign portfolio investors are buying Indian financial stocks
Foreign portfolio investors (FPIs) turned strong buyers of Indian financial stocks in April, marking a sharp reversal in sentiment after months of caution. Data from the National Securities Depository shows FPIs bought Rs 18,409 crore ($2.18 billion) worth of shares in the sector last month, propelling the Nifty Financial Services index to a 4.1% gain. The second half of April alone saw $2.71 billion in FPI inflows—the highest-ever for a fortnight, and the third-highest monthly inflow on record for the financial sector. This influx helped foreign investors post their first net buying month in 2025, sending the benchmark Nifty 50 index up 3.5%. Bajaj Broking attributed the buying spree to easing global trade tensions, hopes of a US–India trade agreement, and attractive valuations in Indian equities. The US government's move to pause reciprocal tariffs on April 9 and signals of an imminent bilateral trade deal also lifted sentiment. Strong quarterly results from India's top private lenders—HDFC Bank and ICICI Bank—further boosted FPI interest, according to analysts. The financial sector's robust earnings stood in contrast to the information technology space, which saw outflows of $1.8 billion as global demand concerns deepened. Telecom and consumer stocks also attracted foreign interest in April, but most other sectors witnessed outflows. Ambit Capital warned that policy uncertainty due to US tariffs, combined with slowing growth in the US, UK, and EU, could weigh on IT margins and demand through FY2026.
India Today
06-05-2025
- Automotive
- India Today
Sensex down over 200 points. Why is the stock market down today?
Domestic equity markets snapped their winning streak on Tuesday, with benchmark indices edging lower amid broad-based weakness led by pharmaceutical stocks. The correction comes after multiple sessions of gains, as investors turn cautious ahead of key earnings and global of 10:48 am, the BSE Sensex was down 213.43 points at 80,583.41, while the NSE Nifty50 slipped 72.40 points to 24,388.75. Broader indices saw sharper cuts, with the Nifty midcap and smallcap indices falling around 1% each, reflecting risk-off sentiment in domestic-focused of the 13 major sectoral indices, 11 were in the red. Pharma stocks were the worst hit, with the Nifty Pharma index down 1.5% after US President Donald Trump signed an executive order to fast-track approvals for domestic pharmaceutical manufacturing. The move is seen as a push to reduce reliance on imports — a key risk for Indian drugmakers, who earn a significant portion of their revenues from the financials also came under pressure, with the Nifty Financial Services index slipping 0.7%. Reliance Industries, which had gained steadily over the past five sessions, dropped 1.2%.On the flip side, auto stocks provided some support. The Nifty Auto index rose 1%, led by Mahindra & Mahindra, which jumped 3.1% on the back of bullish broker calls. Analysts expect margin expansion in its farm and SUV segments, fueling hopes of a stock individual stocks, electric two-wheeler maker Ather Energy made its market debut, listing at a modest 2.18% premium over its IPO price of Rs 321. The Rs 2,981-crore IPO was fully subscribed last week. However, the IPO soon gave up early gains after listing. Coforge shares climbed 3.5% despite missing earnings estimates for the March quarter, with multiple brokerages reiterating a positive long-term outlook for the IT firm."After the recent rally, the market appears to be taking a breather. We're seeing a shift from broad-based gains to more stock-specific action, driven by corporate earnings and sectoral developments," said Vinod Nair, head of research at Geojit Financial Services.(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.)Trending Reel
