Latest news with #NiftyPrivateBank
Hans India
8 hours ago
- Business
- Hans India
Middle East flares may weigh down markets
Pumped up by US President Trump's statement about decision of US direct involvement in the Israel-Iran conflict in next two weeks, the strong rally on Friday helped market erase previous few sessions losses to close on optimism. For the week, the BSE Sensex index added 1,289.57 points or 1.58 per cent to finish at 82,408.17, and on the NSE, the Nifty gained 393.8 points or 1.59 per cent to end at 25,112.40. Broader markets underperformed benchmark indices, the BSE Mid-cap Index was down 0.4 per cent and the BSE Small-cap index shed nearly 2 per cent. Sector wise, Nifty Private Bank index rose 1.6 per cent, Nifty Auto index added 1.5 per cent, Nifty Information Technology index rose 1.3 per cent. However, Nifty Media index shed 3 per cent and Nifty Pharma index fell 1.7 per cent, Nifty Metal and PSU Bank indices shed 1.3 per cent each. FIIs snapped four week selling with purchases of equities worth Rs 8,709.60 crore in current week. DIIs continued their buying for ninth straight week with purchases of equities worth Rs 12,635.58 crore. Domestic factors such as a decline in India's wholesale inflation and the RBI's relaxation of lending norms supported the market's upward momentum amid Middle East concerns. The rupee witnessed a sharp fall last week. The fall to 86.60 on the Indian rupee (86.59) has happened much faster than expected. Rise in crude oil prices on the back of the ongoing Israel-Iran conflict is weighing on the domestic currency. The US Federal Reserve meeting last week largely turned out to be a non-event for the markets. The Fed kept the rates unchanged at 4.25-4.5 per cent. It also retained its forecast for another 50-basis points rate cuts for the rest of the year. However, the central bank had revised its inflation forecast higher. The higher revision has been attributed to the uncertainty prevailing over the impacts of higher tariffs. Weekend factors like US B-2 Bombers making incursions into Iran and with Israel and Iran continuing to exchange missile strikes will cast shadow on markets when markets open in the coming week. Looking ahead, traders may brace for heightened volatility as geopolitical tensions remain elevated. Iran has launched a retaliatory wave of missiles toward Israel, hours after U.S. airstrikes targeted its nuclear facilities in Fordow, Natanz, and Isfahan; and Iran's foreign minister stated that Tehran is willing to consider diplomacy only once Israel halts its aggression. Watch carefully the developments because of its impact on international crude oil prices. IPO Corner: After a long time, the primary market is going to see some intense action in a 'energetic week' with 13 (IPOs) hitting the D-Street. The companies will be raising nearly Rs 16,000 crore during the week, with five mainboard public issues up for grabs. The positive broader picture of the equity market, despite near-term concerns led by the Middle East and tariff-driven volatility, appears to be the reason for strong primary market action. Mumbai-based real estate developer Kalpataru is slated to raise Rs 1,590 crore via IPO. The IPO price band has been set at Rs 387 to Rs 414. New Delhi-headquartered EPC company Globe Civil Projects plans to garner Rs 119 crore through IPO. The IPO price band has been set at Rs 67 to Rs 71. Industrial gases provider Ellenbarrie Industrial Gases plans to mop up Rs 852.53 crore via the public issue. The IPO price band has been set at Rs 380 to Rs 400. Electric resistance welded steel pipes and structural tubes maker Sambhv Steel Tubes plans to raise up to Rs 540 crore. However, the biggest public issue of the current year will be from HDB Financial Services with a size of Rs 12,500 crore. The IPO price band has been set at Rs 700 to Rs 740. This remains the most anticipated issue among the pack. The SME segment will also see top action with 7 IPOs opening for subscription. Reports indicate that Tata Capital is closing in on a blockbuster Rs 17,200 crore IPO, after receiving regulatory clearance for its confidential draft prospectus. Expect some shift in fund flows from both retail investors and institutions from secondary market to IPO segment. The fresh wave of equity supply via initial public offerings (IPOs) can be a key risk to Indian stock market. If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting. FUTURES & OPTIONS / SECTOR WATCH With the broader indices Nifty and Bank Nifty locked in a tight range, derivative segment witnessed mild bouts of alternate buying and selling in stock futures. Despite ongoing tensions between Iran and Israel, indices ended the week on a positive note. In the options market, prominent Call open interest for Nifty was seen at the 25,500 and 25,300 strike, while the notable Put open interest was at the 25,000 and 24,800 strike. For Bank Nifty, the prominent Call open interest was seen at the 57,000 and 56,500 strikes, whereas notable Put open interest was at the 56,000 strike. Implied volatility (IV) for Nifty's Call options settled at 13.51%, while Put options concluded at 14.06%. The India VIX, a key market volatility indicator, closed the week at 14.26%. The Put-Call Ratio Open Interest (PCR OI) for the week was 1.06. Nifty is currently trading near its resistance level of 25,200. A breakout above this level could lead to a further move towards 25,500. On the downside, immediate support is placed at the psychological level of 25,000, followed by strong support at 24,800. As long as Nifty holds above 24,800, the market can be considered a buy-on-dips. Watch out for breakout attempts near resistance and potential reversal signs around the key levels. As always, manage risk with discipline and stay anchored to price confirmation. Stocks looking good are Ashok Leyland, BEL, Bharti Airtel, Indus Towers, Trent, Kaynes and Wipro. Stocks looking weak are ATGL, Bluestar, RVNL, Shree Cements, Tata Chemicals, Unominda and Voltas. (The author is a senior maket analyst and former vice- chairman, Andhra Pradesh State Planning Board)
Time of India
6 days ago
- Business
- Time of India
Nifty Internet index outperforms peers with 19% returns since Feb launch. Is the dotcom boom here to stay?
The Nifty India Internet Index has shown impressive growth since its inception in February, outperforming the Nifty 50 and many sectoral indices. This growth is fueled by increasing investor confidence in digital-first business models and the shift towards online platforms. While some internet stocks have struggled, consumer-facing digital disruptors have largely driven the index's positive performance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Index composition & key stocks Sector leaders Tired of too many ads? Remove Ads Internet Duds Outlook Launched on February 28 this year, the Nifty India Internet Index , designed to track the performance of India's burgeoning new-age stocks , has already delivered impressive returns. It has outpaced the broader Nifty 50, clocking a 19% gain since inception, compared to 12% by the latter. However, it still trails many of its more established sectoral Nifty India Internet Index became operational on March 3, and the 19.4% return is calculated based on the closing level of 1,109 on that day. During this period, the 21-stock index has outperformed several key sectoral indices, including Nifty Bank, Nifty Financial Services, Nifty Private Bank, Nifty Auto, Nifty Commodities, Nifty India Tourism, Nifty India Consumption, Nifty Metal, Nifty Healthcare, Nifty Pharma, Nifty FMCG, and Nifty IT, which delivered returns ranging from 2% to 17%.However, it lagged behind six sectors: Nifty India Defence (69%), Nifty Realty (26%), Nifty Media (24%), Nifty PSU Bank (24%), Nifty Oil & Gas (20%), and Nifty Energy (20%)."The index has delivered strong returns since its launch, outperforming broader markets and most sectoral peers. This outperformance highlights growing investor confidence in digital-first business models and the structural shift toward online platforms in both consumption and financial services. Given the sector's growth potential and supportive macro trends, it presents a credible thematic investment opportunity," Anil Rego, Founder & Fund Manager of Right Horizons Nifty India Internet Index is a diverse basket of 21 stocks primarily from the consumer services (63.10%), financial services (35.37%), and media, entertainment & publication (1.53%) sectors. Leading the pack in terms of weightage is Eternal (erstwhile Zomato), holding the largest share at 20.27%. It's followed closely by PB Fintech (Policybazaar) at 16.48% and Info Edge (India) at 15.66%.Other significant constituents with weights between 8.57% and 2.01% include One 97 Communications (Paytm), FSN E-Commerce Ventures (Nykaa), Indian Railway Catering and Tourism Corporation (IRCTC), Angel One, Swiggy, Motilal Oswal Financial Services (MOFSL), and Indiamart total weight of these 10 stocks stands at 83.69%.The other 11 stocks viz. RattanIndia Enterprises, IIFL Capital Services, Le Travenues Technology, Nazara Technologies, Thomas Cook (India), Infibeam Avenues, TBO Tek, CarTrade Tech, Just Dial, Brainbees Solutions, and Easy Trip Planners together carry a weight of 16.31%.Out of the 21 stocks in the index, a dozen counters have outperformed the index while 14 have surpassed the returns given by Enterprises and IIFL Capital Services were the top gainers, both surging nearly 60%. This impressive run came despite RattanIndia reporting widened losses and IIFL Capital Services seeing declining earnings, suggesting that market sentiment or future growth prospects played a significant majors Motilal Oswal and Angel One also saw substantial increases, each up over 40%, even as they navigated challenges with significant profit and revenue the true earnings winners among the top performers were the consumer-facing digital Travenues Technology (ixigo), the ticketing platform operator, surged 40%, backed by a robust 92.5% jump in net profit and over 72% revenue growth in Q4 FY25. Meanwhile, Policybazaar stock soared 29% on the back of a remarkable 181% earnings jump and 39% sales & personal care player Nykaa posted a 95% profit after tax (PAT) jump, contributing to its nearly 25% stock Edge, which operates 'Naukri', rallied 8% during the period, driven by a whopping 570% year-on-year rise in PAT in Q4 FY25, alongside 14% bottom-line and content platform Nazara Technologies rose 40% with a 95% jump in revenue, while IRCTC, a more traditional online player, posted modest 17% gains, with PAT and revenue growth of 26% and 10%, respectively, in the January–March the overall positive trend, some digital players experienced a downturn. For instance, travel platform EaseMyTrip shares slipped nearly 6%, struggling with both falling sales and profits. Others like Swiggy and Brainbees Solutions (FirstCry) also saw their stocks underperform despite reporting strong revenue growth, as they were weighed down by deepening warns against any focused strategy on internet stocks, arguing that it carries concentration risk. He suggests investors evaluate their exposure based on individual risk tolerance and investment said that the recent performance trends in consumer and financial sectors provide important cues for their near-term outlook."Within consumer discretionary, categories like hotels, value retail, and jewellery are expected to maintain growth momentum, supported by domestic demand, store expansion, and favourable pricing dynamics. Meanwhile, premium retail, QSRs, footwear, and textiles may see a gradual recovery as inflation stabilizes and discretionary spending improves," the analyst financial services are likely to continue their earnings growth trend, driven by strong credit demand, he opined."Given this Q4 backdrop and the index composition, the Nifty India Internet Index could serve as a thematic proxy for both consumer demand trends and the ongoing digital transformation in financial services," he RBI's continued accommodative stance and the government's tax relief measures in the February 2025 Budget are expected to improve liquidity and increase disposable rise in income is expected to stimulate consumer spending, particularly in digitally enabled services, Rego said. The Nifty India Internet Index, which comprises companies that operate primarily through online platforms such as e-commerce, digital payments, and internet-based services, stands to gain from this shift, the Right Horizons PMS founder added.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
News18
29-05-2025
- Business
- News18
Stock Market Updates: Sensex Rises Over 450 Points, Nifty Above 24,850; Infosys, HDFC Bank Gain
Last Updated: The Indian equity benchmarks opened on a strong note on Thursday, May 29, 2025, supported by positive global cues Sensex Today Sensex Today: The Indian equity benchmarks opened on a strong note on Thursday, May 29, 2025, supported by positive global cues. The BSE Sensex rose 479 points, or 0.59%, to trade at 81,791, while the NSE Nifty50 advanced 131 points, or 0.53%, to 24,884 in early trade. Investor sentiment received a boost following a US federal court decision that struck down former President Donald Trump's bid to impose broad reciprocal tariffs. A three-judge panel of the US Court of International Trade ruled that the 1977 International Emergency Economic Powers Act does not permit such unilateral trade actions, offering some relief to global markets. In the broader market, both the Nifty MidCap and Nifty SmallCap indices were trading higher, gaining 0.43% and 0.60% respectively, reflecting broad-based buying interest. All sectoral indices were in the green in early trade. Gains were led by the Nifty IT index, up 1.1%, followed by the Nifty Metal index with a 0.9% rise, and the Nifty Private Bank index, which added 0.5%. Global Cues In a major global development, a US federal trade court ruled that former President Donald Trump exceeded his authority by imposing reciprocal tariffs, striking down a key part of his trade policy. The court clarified that the 1977 International Emergency Economic Powers Act does not permit such unilateral trade actions. This legal decision, combined with Nvidia's blockbuster quarterly earnings, helped lift investor sentiment across global markets. Asian equities traded in the green following the ruling and Nvidia's performance. Japan's Nikkei gained 1.16% and the Topix rose 1.11%, while South Korea's Kospi added 1.07%. In Australia, the ASX200 edged up 0.27%. Investors in the region are also watching for the Bank of Korea's policy decision and tracking semiconductor stocks after Nvidia reported a 73% year-on-year surge in data center revenues. Despite positive futures movement, US markets ended lower overnight as investors weighed corporate earnings and the minutes from the Federal Open Market Committee (FOMC) meeting. The S\&P 500 fell 0.56%, the Nasdaq Composite slipped 0.51%, and the Dow Jones lost 0.58%. According to the Fed minutes, officials noted that the recent tariff hikes were broader and steeper than expected, fueling uncertainty around trade policy and raising downside risks to employment and growth, along with persistent inflation concerns. Still, the Federal Reserve signaled a patient approach, citing steady economic growth, a resilient labor market, and moderately tight policy conditions as reasons to hold off on immediate changes. With supportive global trends and steady inflows from foreign and domestic institutional investors, Indian markets may look to extend gains, barring any unexpected volatility from derivatives expiry or earnings surprises. First Published:
New Indian Express
23-05-2025
- Business
- New Indian Express
Markets recover on Friday but volatility to continue amid US-EU trade dispute
India's equity markets rebounded on Friday from sharp losses earlier in the week. The benchmark indices -- BSE Sensex and NSE Nifty -- each gained nearly 1%, buoyed by positive global cues and strong buying in FMCG stocks. At close, the Sensex rose 769.09 points (0.95%) to 81,721.08, while the Nifty climbed 243.45 points (0.99%) to 24,853.15. The broader market mirrored the benchmark's performance, with the BSE Midcap and Small cap indices advancing 0.5% and 0.45%, respectively. Sectorally, Nifty FMCG outperformed, surging 1.6% on the back of upbeat earnings from index heavyweight ITC. Nifty Private Bank and Nifty IT each clocked gains of 1%, while Nifty Bank added 0.8%. "Markets quickly rebounded after a subdued opening, as short-covering helped benchmark indices stay in positive territory thereafter. The market has been volatile throughout the week, as concerns over US fiscal health due to rising debt and interest rates seen unchanged weighed on sentiment," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Vinod Nair, Head of Research, Geojit Investments Limited, said that the FMCG stocks benefited from the early and above-normal monsoon forecast, while IT stocks saw a rebound following a healthy correction. "Optimism around a potentially record-high dividend from the RBI is boosting hopes for fiscal consolidation, reflected in falling Indian bond yields," he added.
