Latest news with #NiftyMidcap100
India Today
a day ago
- Business
- India Today
Sensex closes 77 points lower, Nifty below 24,700; Adani Ports gains 2%
Benchmark stock market indices rebounded after falling sharply in early trade to close marginally lower on S&P BSE Sensex was down by 77.26 points to close at 81,373.75, while the NSE Nifty50 lost 34.10 points to end at 24, Nair, Head of Research, Geojit Investments Limited, said that the domestic market continued its consolidation phase for the third consecutive week, influenced by renewed concerns over a potential tariff war and escalating geopolitical tensions between Russia and "While global uncertainties have led investors to adopt a risk-averse approach, the Indian market has demonstrated resilience, underpinned by robust institutional inflows and selective sectoral strength like FMCG, real estate, and financial stocks," he Ports and Special Economic Zone led the pack with a gain of 2.51%, followed by Mahindra & Mahindra which climbed 1.58%. PowerGrid Corporation of India also showed positive momentum, gaining 1.07%, while Eternal posted gains of 1.07%. Hindustan Unilever rounded out the top five gainers with an increase of 0.96%.Tech Mahindra was the worst performer, declining 1.47%, while Tata Steel also struggled with a drop of 1.21%. Tata Motors faced headwinds, falling 1.12%, and Titan Company Limited retreated 0.80%. HDFC Bank completed the list of top five losers, shedding 0.60% by the closing domestic macro indicators include a potential RBI rate cut, a better monsoon, Q4 GDP data and better GST collection. Under the current market landscape, investors are adopting a cautious short-term strategy, with a focus on domestically oriented and interest-sensitive sectors," said Nair. Nifty Midcap100 saw modest gains of 0.62%, while Nifty Smallcap outperformed with a rise of 1.19%. The India VIX, which measures market volatility, surged by 6.71%. Among the sectoral gainers, Nifty PSU Bank led the charge with an impressive rally of 2.15%, followed by Nifty Realty which climbed 2.31%. Other sectors that ended in positive territory included Nifty FMCG up 0.81%, Nifty Metal gaining 0.70%, Nifty Private Bank rising 0.34%, Nifty Media advancing 0.32%, Nifty Healthcare posting gains of 0.12%, and Nifty Auto edging higher by 0.01%.However, several sectors faced selling pressure during the session. Nifty IT was the worst performer, declining 0.70%, while Nifty Consumer Durables fell 0.48%. Nifty Pharma retreated 0.22%, Nifty Oil & Gas dropped 0.21%, and Nifty Financial Services closed marginally lower by 0.11%.(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.)
Mint
2 days ago
- Business
- Mint
Stocks to buy for short term: From Swiggy to PNB— Jigar Patel of Anand Rathi suggests 3 stock picks; do you own any?
Stocks to buy for short term: Indian benchmark Nifty 50 ended lower for the second consecutive week last Friday, failing to sustain levels above the 25,000 mark. Stretched valuations, lack of fresh triggers, and a slowdown in foreign institutional investor (FII) buying weighed on market sentiment. However, while the benchmark index traded in a narrow range and closed 0.41 per cent lower for the week ended May 30, broader markets outperformed. The Nifty Midcap 100 and the Nifty Smallcap 100 indices rose over 1 per cent each. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, the index is trading close to the 161.8 per cent Fibonacci extension, a zone that often acts as a resistance. Patel highlighted that the golden crossover (50-day EMA above 200-day EMA) remains significantly lower—around 23,800 to 23,500—indicating room for a deeper pullback if key support levels give way. For the Nifty 50, immediate resistance is seen in the 25,100–25,300 zone, while 24,450 is the key support to monitor. "A decisive breach below this level could trigger a deeper corrective move. In this environment, we maintain a cautious bias, favouring profit-booking on rallies rather than aggressive dip buying, as the retracement may extend further," said Patel. Jigar Patel recommends buying shares of Swiggy, PNB and Castrol India for the next two to three weeks. Swiggy's price action is currently unfolding within a falling parallel channel, suggesting a phase of consolidation. However, insights from Camarilla Pivot Analysis indicate a potential momentum shift. Over the past two months—April and May— Swiggy stock has formed an inside value setup, where each month's pivot range is contained within the previous month's. April's pivot range remained within March's, and May has followed suit by staying largely inside April's range. This type of compression typically precedes a high-probability breakout within 1–2 weeks. Adding weight to this setup, the RSI is showing a bullish divergence, signalling a likely reversal or upward move in the near term. "A long position is recommended above ₹ 330, with an upside target of ₹ 375," said Patel. Swiggy stock technical chart PNB is showing signs of a potential bullish reversal. A Bullish Harami candlestick pattern has formed on the weekly timeframe, indicating a possible trend shift. Notably, a strong base formation is visible near the S3 Camarilla yearly pivot, adding technical support to the setup. Additionally, the weekly RSI has decisively broken above the key 50 level, now hovering around 57, which further strengthens the bullish case. "We recommend initiating long positions in the ₹ 104–106 zone, with a stop loss below ₹ 98. The upside target is ₹ 119 in the coming weeks," said Patel. PNB stock technical chart Castrol India stock has recently broken out of a consolidation range between ₹ 205 and ₹ 213, signalling renewed bullish momentum. Notably, this consolidation occurred between the R1 Floor Pivot and the R3 Camarilla Monthly Pivot, lending further credibility to the breakout as a technically significant move. During the entire consolidation phase, the daily RSI consistently held above the 50 mark, reflecting underlying strength, and is now positioned comfortably above 60. "We recommend initiating long positions in the ₹ 214–216 range, with a daily closing stop loss at ₹ 202. The target is set at ₹ 240 in the short to medium term," said Patel. Castrol India stock technical chart Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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Business Standard
4 days ago
- Business
- Business Standard
Rebound continues: Markets extend gains in May; small, midcaps shine
India's market capitalisation saw an increase of ₹19.4 trillion to reach ₹445.5 trillion Sameer Mulgaonkar The Indian stock market continued its upward trajectory in May, with benchmark Nifty and Sensex indices each gaining nearly 2 per cent. The broader market segments outperformed significantly, with the Nifty Midcap 100 index surging 6.1 per cent and the Nifty Smallcap 100 index rallying 8.7 per cent. These gains have enabled most key indices to fully recover from the losses incurred during the first two months of the year. India's market capitalisation saw an increase of ₹19.4 trillion to reach ₹445.5 trillion. From March onwards, the market experienced a remarkable ₹61 trillion jump after a ₹58 trillion erosion in the initial two months of calendar year 2025. This rebound has been largely driven by favourable institutional investor flows. In May alone, foreign portfolio investors (FPIs) purchased shares worth nearly ₹20,000 crore, while mutual funds (MFs) invested over ₹47,000 crore.
New Indian Express
4 days ago
- Business
- New Indian Express
Sensex drops 182 points, Nifty ends at 24,750 as markets decline on Friday
CHENNAI: Equity benchmarks ended lower on Friday, May 30, 2025, capping a volatile week marked by caution and consolidation. Broader market sentiment remained subdued as investors digested the final tranche of March-quarter earnings, awaited the Q4FY25 GDP data, and monitored global trade uncertainty triggered by fresh tariff actions from the United States. The BSE Sensex closed at 81,451.01, slipping 182.01 points or 0.22%, after moving in a narrow range between 81,698.21 and 81,286.45. Similarly, the NSE Nifty50 settled at 24,750.70, down 82.90 points or 0.33%, with intraday fluctuations between 24,863.95 and 24,717.40. Sectoral & Broader Market Overview On Friday, pressure was visible across key sectors. Nifty IT (-1.12%), Metal (-1.07%), and Auto (-0.98%) sectors led the losses, impacted by weak global cues and concerns over export-linked earnings. Nifty PSU Bank emerged as the lone star performer, surging 2.88% led by gains in Maharashtra Bank and UCO Bank, on the back of improving asset quality and renewed investor interest. Nifty Media and select counters in Financial Services bucked the trend, closing marginally in the green. Broader indices were largely flat to negative, with the Nifty Midcap100 and Smallcap100 each shedding 0.06%. Top Gainers and Losers Top Nifty gainers today were Eternal (+4.98%), State Bank of India (+1.80%), HDFC Bank (+0.94%), Larsen & Toubro (L&T) (+0.58%) and Dr. Reddy's Labs (+0.22%). While, top Nifty losers included Bajaj Auto (-3.10%), Hindalco (-2.27%), Shriram Finance (-1.90%), HCL Tech (-1.81%), and Tech Mahindra (-1.69%). Market Breadth & Valuation Snapshot The overall market breadth on NSE was negative, with 1,581 stocks declining against 1,299 advancing, and 75 ending flat. The total market capitalisation of NSE-listed firms stood at approximately ₹5.18 trillion. Key Drivers Today Global Trade Jitters: Investor sentiment was dented by news surrounding US President Donald Trump's proposed 15% tariff for 150 days, seen as a retaliatory 'Plan B' measure following a court ruling. This revived fears of global trade disruptions, particularly affecting export-oriented and IT-heavy counters. Domestic Cues: Investors remained cautious ahead of the release of India's Q4FY25 GDP figures, expected next week. Concerns about slowing consumption trends and margin pressures in the auto and metal sectors further dampened mood. Earnings Season Wrap: The final leg of the Q4 earnings season provided mixed signals, with strong numbers from select banks and infrastructure players offset by weak showings in the technology and cyclical space. Outlook Analysts expect markets to remain range-bound in the near term, with focus shifting to macroeconomic data, monsoon progression, and global policy moves. While PSU banks continue to attract flows, high valuation pockets in auto and IT may remain under pressure unless supported by robust forward guidance.
Mint
4 days ago
- Business
- Mint
Sensex today falls 180 points, Nifty 50 slips below 24,800 in range-bound trade; metal stocks bleed
Stock market today: The Indian stock market finished the last trading session of May in the red, as a sharp sell-off in technology, auto, and metal stocks dragged the indices lower after a brief rebound in the previous session. PSU stocks offered little support to the market, which wasn't enough to lift the indices higher. Eventually, the Nifty 50 ended with a cut of 79.90 points, or 0.32%, slipping back below the 24,800 mark to close at 24,753 points, while the Sensex skidded 182 points, or 0.22%, to settle at 81,450 points. The broader markets, however, managed to end the session with mild losses, indicating that market breadth still favored the bulls. The Nifty Midcap 100 closed the session with a drop of 0.08%, and the Nifty Smallcap 100 ended with a marginal cut of 0.07%. Despite lackluster activity in the Nifty 50 and Sensex during much of the second half of May, both indices managed to end the month with gains of over 1.5%, extending their winning streak to a third consecutive month. While large caps concluded the month with decent gains, mid- and small-cap indices continued to outperform as the Nifty Midcap 100 rose 6%, while the Nifty Smallcap 100 rallied even higher by 8%. Markets have been moving in a tight range amid a lack of fresh triggers, and the resurfacing of global trade tensions has also prompted investors to stay on the sidelines. The inconsistency in overseas investor inflows has also been weighing on overall market movement. Meanwhile, India's GDP growth data for March is due later today, and the latest U.S. PCE data—also scheduled for release—could offer further clarity on the Federal Reserve's rate-cut trajectory, which remains uncertain amid sticky inflation and slowing growth.
