Latest news with #NiftyPSUBank
Business Standard
3 days ago
- Business
- Business Standard
Quick Wrap: Nifty PSU Bank Index gains 2.88%
Nifty PSU Bank index ended up 2.88% at 6976 today. The index has gained 7.00% over last one month. Among the constituents, Bank of Maharashtra rose 5.86%, UCO Bank added 5.66% and Indian Overseas Bank jumped 5.48%. The Nifty PSU Bank index has fallen 4.00% over last one year compared to the 10.06% increase in benchmark Nifty 50 index. In other indices, Nifty Metal index has dropped 1.69% and Nifty IT index has dropped 1.15% on the day. In broad markets, the Nifty 50 has slid 0.33% to close at 24750.7 while the SENSEX has slid 0.22% to close at 81451.01 today.
New Indian Express
3 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.
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Business Standard
6 days ago
- Business
- Business Standard
Sensex sheds 625pts on profit-taking in blue chips; PSBs, realty buck trend
Stock market closing bell, Tuesday, May 27, 2025: Profit booking among select blue-chip stocks at higher levels dragged the benchmark equity indices lower on Tuesday. Broader markets, however, remained resilient, with mid- and small-cap indices posting marginal gains. Among the sectoral front, shares of auto, FMCG, and IT companies were under pressure, while public sector banks, pharma, and realty bucked the trend and logged gains. The BSE Sensex, though it recovered nearly 430 points from the day's low, still ended in the red at 81,551.63, down 624.82 points or 0.76 per cent from its previous close. The NSE Nifty50 closed lower by 174.95 points, or 0.70 per cent, to settle at 24,826.20. The 50-share index traded in the range of 25,062.90 to 24,704.10 on Tuesday. UltraTech Cement, JSW Steel, ITC, Tata Motors, and Grasim were among the top laggards in the Nifty50, declining by up to 2.28 per cent. On the other hand, Jio Financial, IndusInd Bank, Trent, Adani Ports, and Sun Pharma were among the top gainers, rising by up to 3.87 per cent on Tuesday. The market breadth turned negative, with 1,462 out of 2,955 traded stocks on the NSE ending in the red, while 1,412 closed higher and 81 remained unchanged. Meanwhile, a total of 101 stocks hit their upper circuit on the NSE, while 51 touched their lower circuit limits. At the close, the market capitalisation of NSE-listed companies stood at $5.18 trillion. That apart, shares of Boran Weaves, which made their D-Street debut today, climbed 5 per cent from the listing price and 18.13 per cent from the IPO issue price to get locked on the upper circuit on the bourses. SMIDs show resilience The broader markets, however, showed resilience, with the Nifty Midcap100 and Nifty Smallcap100 indices settling higher by 0.15 per cent and 0.10 per cent, respectively. ITI (9.99 per cent), IFCI (4.82 per cent), Garden Reach Shipbuilders (3.51 per cent), Supreme Industries (3.69 per cent), and Container Corporation of India (3.11 per cent) were among the top gainers in the space. PSBs, pharma, realty buck trend Barring Nifty PSU Bank, Pharma, and Realty indices, all the other sectoral indices on the NSE ended in red. Among them, Nifty FMCG, IT, and Auto were the top laggards, ending down by 0.88 per cent, 0.75 per cent, and 0.70 per cent respectively. Meanwhile, Nifty PSU Bank, Realty, and Pharma indices managed to eke out gains of 0.26 per cent, 0.24 per cent, and 0.11 per cent respectively, on Tuesday. Profit booking pauses rally The analysts believe that the market is witnessing non-directional activity; perhaps traders are waiting for an either-side breakout. The domestic market, Vinod Nair, head of research, Geojit Investments, said, witnessed volatility and snapped a two-day rally, as investors opted for profit booking driven by valuation concerns and weakness across Asian markets. "The benchmark index once again failed to decisively breach the 25k resistance level, reflecting the absence of positive triggers. Large-cap stocks underperformed, weighed down by subdued FII participation and lacklustre earnings from blue-chip companies. Conversely, mid- and small-cap segments remained relatively resilient, supported by better than estimated Q4 earnings and moderation in premium valuation," said Nair. "We are currently witnessing a tug of war between bulls and bears amid mixed global cues," said Ajit Mishra, SVP, Research, Religare Broking. However, favorable domestic factors such as a good monsoon and strong macroeconomic data, Mishra believes, are helping maintain a positive undertone. "We continue to maintain a positive outlook on the market. However, sustained strength in the banking and financial sectors is crucial for the Nifty to overcome the 25,200 hurdle and regain upward momentum. In the meantime, traders should adopt a 'buy on dips' strategy with a strong emphasis on stock selection," said Mishra. Technical view From the technical perspective, analysts believe that 24,700 would be the key support zone for traders, while 25,000 would act as a crucial resistance zone for the bulls. 'As long as the market trades within this range, a range-bound texture is likely to persist. On the higher side, a successful breach of 25,000 could push the market up to 25,100–25,250,' said Shrikant Chouhan, Head of Equity Research, Kotak Securities. On the downside, a fall below 24,700, Chouhan believes, could retest levels of 24,500–24,450. Mandar Bhojane, equity research analyst at Choice Broking, on the other hand, believes that a sustained close above 25,200 could trigger fresh buying interest, potentially pushing the index towards 25,600 and 25,800. 'Until a decisive move occurs, range-bound action is likely to continue, and traders are advised to remain cautious and watch for a confirmed breakout,' said Bhojane.
India Gazette
12-05-2025
- Business
- India Gazette
Nifty, Sensex jumped more than 2% in opening as India-Pakistan tensions ease
Mumbai (Maharashtra) [India], May 12 (ANI): Indian stock markets witnessed a sharp rally on Monday morning as investor sentiment turned positive following easing tensions between India and Pakistan. Both countries on Saturday reached an understanding on cessation of hostilities, leading to a boost in market confidence. The benchmark Nifty 50 index opened at 24,420.10, registering a gain of 412.10 points or a 1.72 per cent surge. The BSE Sensex also reflected the bullish trend, rising by around 1300 points to open at 80,754.37, a gain of 1.64 per cent. Experts noted that despite the hostile environment caused by the recent conflict, Indian markets demonstrated remarkable resilience. With the situation at the borders stabilizing, investors returned to equities, driving a strong rally supported by robust inflows. Ajay Bagga Banking and Market Expert told ANI 'Indian futures are pointing to a sharp 2 per cent up-move, as all the losses due to the India Pak kinetic conflict are made up on the back of the cessation of active hostilities in the region. Indian markets weathered the turbulence quite well and are set to recover smartly today. He further added 'Overall, tourism in North India is the biggest impacted sector with mass cancellations in the peak summer holidays season impacting important tourist hubs. Defence stocks should see buying interest with fresh orders expected. Sentiment remains fragile geopolitically, but the resilience of the Indian markets point to a potential strong rally in the near future, with both FPIs and DIIs staying buyers'. Sectoral indices reflected widespread buying interest. Except for the pharma segment, all other sectors opened in the green. Nifty PSU Bank index jumped over 3 per cent, indicating strong interest in public sector lenders. Nifty Auto gained 2.25 per cent, while Nifty IT rose 2.16 per cent. Nifty Realty led the gains, surging by more than 4 per cent in early trade. On the global front, cues remained favorable. The US and China described their trade talks in Geneva over the weekend as both productive and positive, further lifting market morale. Asian markets also opened higher on hopes of a US-China trade agreement. Meanwhile, gold prices dropped by over 2 per cent, while oil prices and the US dollar moved higher. US futures indicated an expected gain of over 1 per cent for Wall Street later in the day. However, pharma shares may face headwinds as US President Donald Trump is expected to sign an executive order aimed at reducing the prices of prescription drugs and pharmaceuticals in the US. Trump will also begin his Middle East tour on Tuesday, with expectations of key announcements related to energy, nuclear, defense procurement, and other strategic deals. (ANI)
The Print
12-05-2025
- Business
- The Print
Nifty, Sensex open over 2% higher as India-Pakistan tensions ease
Experts noted that despite the hostile environment caused by the recent conflict, Indian markets demonstrated remarkable resilience. With the situation at the borders stabilizing, investors returned to equities, driving a strong rally supported by robust inflows. The benchmark Nifty 50 index opened at 24,420.10, registering a gain of 412.10 points or a 1.72 per cent surge. The BSE Sensex also reflected the bullish trend, rising by around 1300 points to open at 80,754.37, a gain of 1.64 per cent. Mumbai: Indian stock markets witnessed a sharp rally on Monday morning as investor sentiment turned positive following easing tensions between India and Pakistan. Both countries on Saturday reached an understanding on cessation of hostilities, leading to a boost in market confidence. Ajay Bagga Banking and Market Expert told ANI 'Indian futures are pointing to a sharp 2 per cent up-move, as all the losses due to the India Pak kinetic conflict are made up on the back of the cessation of active hostilities in the region. Indian markets weathered the turbulence quite well and are set to recover smartly today. He further added 'Overall, tourism in North India is the biggest impacted sector with mass cancellations in the peak summer holidays season impacting important tourist hubs. Defence stocks should see buying interest with fresh orders expected. Sentiment remains fragile geopolitically, but the resilience of the Indian markets point to a potential strong rally in the near future, with both FPIs and DIIs staying buyers'. Sectoral indices reflected widespread buying interest. Except for the pharma segment, all other sectors opened in the green. Nifty PSU Bank index jumped over 3 per cent, indicating strong interest in public sector lenders. Nifty Auto gained 2.25 per cent, while Nifty IT rose 2.16 per cent. Nifty Realty led the gains, surging by more than 4 per cent in early trade. On the global front, cues remained favorable. The US and China described their trade talks in Geneva over the weekend as both productive and positive, further lifting market morale. Asian markets also opened higher on hopes of a US-China trade agreement. Meanwhile, gold prices dropped by over 2 per cent, while oil prices and the US dollar moved higher. US futures indicated an expected gain of over 1 per cent for Wall Street later in the day. However, pharma shares may face headwinds as US President Donald Trump is expected to sign an executive order aimed at reducing the prices of prescription drugs and pharmaceuticals in the US. Trump will also begin his Middle East tour on Tuesday, with expectations of key announcements related to energy, nuclear, defense procurement, and other strategic deals. (ANI) Disclaimer: This report is auto generated from the ANI news service. ThePrint holds no responsibility for its content.
