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Economic Times
3 days ago
- Business
- Economic Times
BSE shares zoom 11% in two days amid heavy volumes; hit fresh high at Rs 2,670
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Amid high trading volumes, the BSE stock rallied 11% in 2 trading sessions, hitting its new all-time high of Rs 2,670 on the NSE today. On Friday alone, the stock witnessed a rally of 8.3%.Around 1 pm today, 119.72 lakh shares of the company were traded on the NSE, with a total traded value of Rs 3,120.80 crore. BSE's total market capitalisation at the time stood at Rs 1.07 lakh surge in the stock also follows a recent circular released by the markets regulator, Securities and Exchange Board of India (Sebi), which asked the exchanges to choose expiry days for equity derivatives - either Tuesday or reviewing inputs from a discussion paper released in March 2025, Sebi's Secondary Market Advisory Committee (SMAC) held deliberations and proposed restricting expiry days to help curb excessive market exchanges will now need to standardise the final settlement day for equity derivatives contracts—including index options, index futures, and single stock futures and options—by choosing either Tuesday or Thursday as the designated expiry precedes NSE's decision to shift the F&O expiry day for Nifty, Bank Nifty, FinNifty, Nifty Next50, and Nifty Midcap Select from the current Thursday to NSE's derivatives contract expiry, which would have been scheduled ahead of BSE's Tuesday expiry for Sensex and Bankex, was expected to weigh on BSE's market share, which could have declined as competition intensifies, according to a previous report by Nuvama Institutional Equities This is due to the fact that retail traders tend to be more active closer to expiry when option values compress.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
3 days ago
- Business
- Time of India
BSE shares zoom 11% in two days amid heavy volumes; hit fresh high at Rs 2,670
The surge in the BSE stock follows Sebi's recent circular asking the exchanges to choose expiry days for equity derivatives - either Tuesday or Thursday. BSE's stock has surged by 11% in two trading sessions, reaching a new all-time high of Rs 2,670, fueled by high trading volumes and a recent Sebi circular. The regulator's directive asks exchanges to standardize equity derivative expiry days, choosing either Tuesday or Thursday. This follows NSE's move to shift its F&O expiry to Monday, potentially impacting BSE's market share. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Amid high trading volumes, the BSE stock rallied 11% in 2 trading sessions, hitting its new all-time high of Rs 2,670 on the NSE today. On Friday alone, the stock witnessed a rally of 8.3%.Around 1 pm today, 119.72 lakh shares of the company were traded on the NSE, with a total traded value of Rs 3,120.80 crore. BSE's total market capitalisation at the time stood at Rs 1.07 lakh surge in the stock also follows a recent circular released by the markets regulator, Securities and Exchange Board of India (Sebi), which asked the exchanges to choose expiry days for equity derivatives - either Tuesday or reviewing inputs from a discussion paper released in March 2025, Sebi's Secondary Market Advisory Committee (SMAC) held deliberations and proposed restricting expiry days to help curb excessive market exchanges will now need to standardise the final settlement day for equity derivatives contracts—including index options, index futures, and single stock futures and options—by choosing either Tuesday or Thursday as the designated expiry precedes NSE's decision to shift the F&O expiry day for Nifty, Bank Nifty, FinNifty, Nifty Next50, and Nifty Midcap Select from the current Thursday to NSE's derivatives contract expiry, which would have been scheduled ahead of BSE's Tuesday expiry for Sensex and Bankex, was expected to weigh on BSE's market share, which could have declined as competition intensifies, according to a previous report by Nuvama Institutional Equities This is due to the fact that retail traders tend to be more active closer to expiry when option values compress.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
19-05-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 19 May
Last week the Indian stock market saw strong gains, with Nifty 50 and Sensex rising over 4%. The uptrend was driven by a ceasefire between India and Pakistan, and optimism over a potential zero-tariff trade deal with the US, which boosted investor confidence. Additional support came from falling crude oil and gold prices, strong FII inflows, and a weaker US dollar. Despite minor profit-booking on Friday, both indices closed the week with solid, broad-based gains. Two stock recommendations for today by MarketSmith India Also read: Tata Power's solar cell plant fuels Q4 earnings, sets stage for FY26 growth How Nifty 50 Performed on 16 May Nifty 50 took a breather on Friday, largely trading sideways and forming a narrow-range bearish candle on the daily chart. Despite this, the overall bullish momentum remains intact. Major sectoral indices such as energy, FMCG, auto and realty, along with broader market indices such as Nifty Next 50, midcap and smallcap ended the session on a strong positive note. However, sectors such as IT, pharma and metal saw profit-booking and underperformed, reflecting a sectoral rotation in market participation. Also read: Are Muthoot Finance investors worried about falling gold prices? From a technical perspective, Nifty50 is trading well above all its key moving averages on both the daily and weekly charts, indicating a firmly established uptrend. Bullish momentum remains strong across these time frames. The relative strength index (RSI) has turned upward and is currently hovering around 59, reinforcing the prevailing positive bias. The moving average convergence divergence (MACD) remains in positive territory and continues to display a bullish crossover, confirming the strength and sustainability of the ongoing upward momentum. According to O'Neil's methodology of market direction, Nifty 50 transitioned from a "rally attempt" to a 'confirmed uptrend". Going forward, the index is expected to trade on a positive trajectory in the coming days. Immediate resistance is anticipated around 25,200-25,300. A sustained move above this range could potentially propel the index toward 25,700-25,800. On the downside, immediate support is placed around 24,800-24,700, which is likely to act as a cushion in the event of a pullback. How did Nifty Bank perform? Nifty Bank remained on a bullish trajectory throughout the week, posting a weekly gain of over 3.20% and forming a bullish candlestick pattern on the weekly chart. However, the index took a breather on Friday, forming a narrow-range bearish candle on the daily chart, indicating consolidation after a strong rally. Nifty Bank opened at 55,276 on Friday, traded within 55,418-55,170, and settled at 55,355. Nifty Bank continues to trade above all its key moving averages on the daily and weekly charts. It is currently just 1% below its all-time high, underscoring a sustained bullish trend. On the daily chart, the RSI has flattened but remains in bullish territory, hovering around 61. Meanwhile, the MACD has shown a negative crossover, yet stays above zero, reflecting mixed short-term momentum within an otherwise positive broader trend. Also read: Bharti Airtel eyes growth through price hikes for high-end users According to O'Neil's methodology of market direction, Nifty Bank transitioned from an "uptrend under pressure" to a 'confirmed uptrend". Immediate resistance is seen near 56,000. A decisive breakout above this could initiate the next leg of the rally, potentially propelling the index toward 57,500-58,000 in the coming weeks. On the downside, immediate support is placed near the 21-day EMA, around 54,300, which is expected to act as a cushion in the event of a short-term pullback. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
12-05-2025
- Business
- Business Upturn
Nifty extends gains to 24,800 as US-China tariff rollback boosts investor sentiment
The Nifty 50 index surged 3.32% or 797.80 points to reach 24,805.80 in Monday's afternoon session, lifted by strong global cues following the announcement of a significant tariff rollback agreement between the United States and China. The Sensex also soared 3.13% to 81,942.84, while broader indices like Nifty Next 50 and Nifty 500 rose 3.58% and 3.33% respectively. The market rally came after both economic giants released a Joint Statement on Economic and Trade Cooperation from Geneva, pledging to de-escalate their long-standing trade war. As per the joint statement: The United States will cut tariffs on Chinese goods from 145% to 30% for 90 days, retaining a base duty of 10%. China will lower tariffs on US imports to 10% from as high as 125%, also for 90 days. Both nations have committed to removing non-tariff barriers and agreed to continue bilateral discussions, to be led by Vice Premier He Lifeng (China) and Treasury Secretary Scott Bessent with Trade Representative Jamieson Greer (U.S.). The breakthrough comes amid growing global pressure to restore economic stability. Equity markets globally reacted positively as the rollback of these punitive tariffs is expected to boost trade flows and ease inflationary pressures. Indian metal, auto, and export-oriented stocks led the rally, with the broader optimism spilling across sectors. The easing of geopolitical tensions between India and Pakistan, coupled with the favorable trade developments, added further momentum to the rally. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
10-05-2025
- Business
- Hans India
Midcap rallies 3.94 pc, Smallcap gains 1.69 pc as Indian markets post strong April returns
Mumbai: The Indian equity markets ended the month of April on a strong note, with the Nifty Midcap index emerging as the top performer, registering a gain of 3.94 per cent, followed by a 1.69 per cent rise in the Nifty Smallcap index, a new report said on Saturday. This reflects continued investor interest in mid- and small-cap stocks amid broader market optimism, according to data compiled by Motilal Oswal Asset Management Company. The benchmark Nifty also delivered a solid performance, rising by 3.46 per cent for the month, while the Nifty Next 50 gained 2.32 per cent. The Nifty 500 index climbed 3.24 per cent, supported by consistent gains in financial services, consumer discretionary, and energy sectors. The Nifty Microcap 250 also participated in the rally, advancing by 1.28 per cent, as per the report. A key highlight of the month was the Defence sector, which surged by 11.49 per cent in April and posted an impressive 32.03 per cent return over the past year. This growth has been fueled by strong government support for self-reliance and sustained investment in the sector. The Information Technology (IT) sector saw a slight decline of 0.27 per cent, while commodities slipped by 0.07 per cent, affected by global market headwinds and sector-specific concerns. Factor-based indices such as momentum and quality continued to deliver steady returns. Meanwhile, enhanced value and low volatility indices also moved higher, and government bond indices posted modest gains, indicating stability in the fixed income space across the 5-year and 10-year G-Sec benchmarks. Globally, the US markets gave a mixed performance. The S&P 500 declined slightly by 0.21 per cent as gains in IT and consumer staples were offset by losses in energy and healthcare. The Nasdaq 100 rose by 1.5 per cent, while the Dow Jones Industrial Average declined by 2.2 per cent.
