Latest news with #NiftySmallCap100
New Indian Express
3 days ago
- Business
- New Indian Express
Indian equity benchmarks open lower on Friday amid cautious investor sentiment
CHENNAI: Indian equity benchmarks opened lower on Friday (May 30) amid cautious investor sentiment, as market participants eye the final batch of March 2025 quarter corporate earnings and the all-important Q4FY25 GDP data due later this week. Global jitters around revived US tariff policies under former President Donald Trump added to the nervousness. Benchmark Indices BSE Sensex opened at 81,525, down 108 points or 0.13% Nifty50 was at 24,800, down 33 points or 0.13% The weakness comes despite relative strength in broader market indices and select sectors. Key Market Movers However some stocks bucked the trend and the top gainers in the early session included Adani Ports, Nestle India, L&T, Sun Pharma, Bajaj Finserv, Power Grid, and Titan. These stocks provided support to the indices with moderate gains amid selective buying. While top losers were IT heavyweights such as Infosys, HCL Tech, Tech Mahindra, and TCS, which dragged the indices lower. IndusInd Bank and Tata Steel also saw selling pressure on Friday. Broader Market & Sectoral Trend Despite the dip in frontline indices, broader markets showed resilience—an indication of ongoing rotation and stock-specific action. Nifty MidCap 100 rose slightly by 0.36%, and Nifty SmallCap 100 also gained modestly by 0.15%.
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Business Standard
22-05-2025
- Business
- Business Standard
Stock Market LIVE: Markets tumble tracking Asian jitters; Sensex slides 700 pts; Auto, FMCG drag
Sensex Today | Stock Market LIVE on Thursday, May 22, 2025: Power Grid, ITC, Reliance Industries, Tech Mahindra, HCLTech, were among the top laggards 10:53 AM Stock Market LIVE Updates: These 2 small-cap stocks see Golden Crossover on charts 10:28 AM Stock Market LIVE Updates: Unified Data-Tech IPO opens; check price band, lot size, GMP, key dates Stock Market LIVE Updates: Unified Data-Tech Solutions' initial public offering (IPO) opened for public subscription today. At the upper end, the company seeks to raise ₹144.47 crore from the public offering. Unified Data-Tech Solutions has announced that it has already raised ₹41.14 crore from anchor investors in the bidding concluded on Wednesday, May 21, 2025. 10:09 AM Stock Market LIVE Updates: Mankind Pharma shares slide 3% as Q4 profit declines Stock Market LIVE Updates: Shares of Mankind Pharma declined over 3 per cent on Thursday after the company reported a 10 per cent drop in consolidated net profit for the fourth quarter of FY25. The stock slipped as much as 3.22 per cent intraday, hitting a low of ₹2,450, marking its steepest fall since May 2. By 9:32 AM, it had trimmed some losses to trade at ₹2,478, down 2.1 per cent, while the Nifty 50 was trading 1 per cent lower. 9:57 AM Stock Market LIVE Updates: Dividend stocks: LTIMindtree, CMS Info, 4 others to remain in focus today Stock Market LIVE Updates: Shares of CMS Info Systems, Havells India, LTIMindtree, Himadri Speciality Chemical, Keystone Realtors, and Sula Vineyards are likely to stay in focus during today's trading session after announcing dividend payouts for their shareholders. Dividends, often viewed as a form of passive income, represent a portion of a company's profits distributed to shareholders as a reward for their investment. As per the data available on the BSE, shares of these companies are slated to trade ex-dividend tomorrow, Friday, May 23, 2025. READ MORE 9:27 AM Stock Market LIVE Updates: Broader markets fall Stock Market LIVE Updates: Broader markets fall -- Nifty SmallCap 100 index drops 0.22 per cent -- Nifty MidCap 100 index falls 0.56 per cent 9:24 AM Stock Market LIVE Updates: Index heatmap Stock Market LIVE Updates: Index heatmap -- Barring Adani Ports, all shares were trading in red zone -- IndusInd Bank, Tech Mahindra and Power Grid were among top losers on BSE. 9:18 AM Stock Market LIVE Updates: Nifty opens lower Stock Market LIVE Updates: Nifty opens lower -- Nifty opens at 24,733.95 -- Nifty previous close was 24,813.45 9:16 AM Stock Market LIVE Updates: Sensex opens lower Stock Market LIVE Updates: Sensex opens lower -- Sensex opens at 81,323.05 -- Sensex previous close was 81,323.05
Mint
22-04-2025
- Business
- Mint
Sensex, Nifty 50 rise for 6th day in a row amid buying in FMCG, bank stocks; will this rally last?
Stock market today: Indian stock market continued to roar for the sixth straight session on Tuesday, April 22, despite a weak handover from Wall Street, as strong gains in financials and autos and a stellar rebound in FMCG stocks helped benchmark indices close the session in the green. Metal stocks also lent support to the benchmarks after the government imposed a 12% provisional safeguard duty for 200 days on five categories of steel products. Realty stocks, on the other hand, surged up to 6%, driven by improving liquidity conditions. Broader markets extended their outperformance over frontline indices, with both mid- and small-cap stocks continuing to rally as sentiment in the Indian stock market improved, driven by strong domestic cues. The Nifty 50 ended the trading session with a gain of 0.17%, settling at 24,167 points, while the Sensex concluded the trade with a rally of 0.24%, at 79,595. Meanwhile, the Nifty Midcap 100 gained another 0.8% to settle at 54,397 points, while its peer, the Nifty Small Cap 100 index, finished the trade at 16,896 points, 0.73% higher than the previous close. Indian benchmark indices have gained 9% in the last nine trading sessions, driven by optimism over easing inflation, ongoing trade talks with the US and the return of Foreign Portfolio Investor (FPI) inflows. Among other asset classes, gold continued to shine brightly as spot prices touched a new record high of $3,490 per troy ounce, driven by a continued surge in safe-haven demand amid rising tensions between the USA and China and concerns over a potential slowdown in the American economy. These factors have put severe pressure on the US Dollar Index, helping gold maintain its global appeal. In the previous trading, US benchmark indices crashed over 2% after President Trump reiterated his criticism of Fed Chair Jerome Powell, even suggesting the possibility of removing him. These remarks have raised concerns about the politicisation of US monetary policy, potentially undermining the Fed's credibility and eroding investor confidence in the economy. Nifty Realty emerged as the top sectoral gainer in today's session, April 22, as the index ended with a gain of 2.42%, extending its winning run to the sixth straight session. This was followed by Nifty FMCG, which bounced back with a gain of nearly 2%, along with Nifty Consumer Durables, Nifty PSU Bank, Nifty Pharma, and Nifty Auto — all ending the session with gains between 0.41% and 1.50%. Nifty Bank index touched another record high of 55,961 points after the Reserve Bank of India (RBI) issued the final guidelines on the liquidity Coverage Ratio (LCR) with more lenient rules than initially proposed. In a huge relief to the banking system, the banking regulator allowed commercial banks to set aside a lower stock of liquid assets against deposits raised through digital channels, in the event of a potential run on banks. "On the flip side, Nifty IT ended its 3-day winning run as it tumbled 0.57%, emerging as the top sectoral laggard. Nifty Oil and Gas also concluded the session with a minor cut of 0.04%. Commenting on the today's market performance, Vinod Nair, Head of Research, Geojit Investments Limited, said, "Despite negative global cues related to Trump-Fed tensions, the national market has maintained its optimism. The RBI's relaxed liquidity coverage ratio guidelines, which are anticipated to enhance credit growth, boosted the finance sector. Foreign inflows have remained consistent for the fourth consecutive day, driven by a weakening dollar and competitive valuations." 'Additionally, domestic macroeconomic conditions are improving, with declining inflation and rising expectations of further rate cuts by the RBI, which are likely to lower costs and stimulate demand. These factors are expected to support corporate earnings in FY26,' he further added. Rupak De, Senior Technical Analyst at LKP Securities, said, "The Nifty remained mostly range-bound as the index closed with a small-bodied, indecisive candle. Although the index stayed above the 200DMA throughout the day, the rise remained limited. Going forward, the trend continues to look optimistic, at least as long as it does not fall decisively below 24,000. On the higher side, the short-term bullish outlook remains intact, with the possibility of a move towards 24,500. On the lower side, support is placed at 24,000; a break below this level could trigger a minor pullback." However, Ajit Mishra – SVP, Research, Religare Broking, believes a pause after a strong uptrend is normal. 'While strong domestic fundamentals continue to provide support, underperformance in the US markets is capping the upside momentum. With the Nifty having reached its immediate target of 24,250, some consolidation in the index is likely,' Mishra added. He believes that the overall tone remains positive, advising traders to maintain a "buy on dips" approach in the index and focus on stocks showing momentum, particularly those driven by earnings announcements.
Mint
22-04-2025
- Business
- Mint
Sensex, Nifty 50 rise for 6th day in a row amid buying in FMCG, bank stocks
Stock market today: Indian stock market continued to roar for the sixth straight session on Tuesday, April 22, despite a weak handover from Wall Street, as strong gains in financials and autos and a stellar rebound in FMCG stocks helped benchmark indices close the session in the green. Metal stocks also lent support to the benchmarks after the government imposed a 12% provisional safeguard duty for 200 days on five categories of steel products. Broader markets extended their outperformance over frontline indices, with both mid- and small-cap stocks continuing to rally as sentiment in the Indian stock market improved, driven by strong domestic cues. The Nifty 50 ended the trading session with a gain of 0.14%, settling at 24,158 points, while the Sensex concluded the trade with a rally of 0.21%, at 79,576. Meanwhile, the Nifty Midcap 100 gained another 0.7% to settle at 54,352 points, while its peer, the Nifty Small Cap 100 index, finished the trade at 16,883 points, 0.66% higher than the previous close. In another asset class, gold continued to shine brightly as spot prices touched a new record high of $3,490 per troy ounce, driven by a continued surge in safe-haven demand amid rising tensions between the USA and China and concerns over a potential slowdown in the American economy. These factors have put severe pressure on the US Dollar Index, helping gold maintain its global appeal. In the previous trading, US benchmark indices crashed over 2% after President Trump reiterated his criticism of Fed Chair Jerome Powell, even suggesting the possibility of removing him. These remarks have raised concerns about the politicization of US monetary policy, potentially undermining the Fed's credibility and eroding investor confidence in the economy. First Published: 22 Apr 2025, 03:31 PM IST
Mint
22-04-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 22 April 2025
Stocks to buy under ₹ 100: Propelled by strong Q4 earnings from key private sector lenders such as ICICI Bank and HDFC Bank, the Indian stock market ended higher for the fifth straight session on Monday. The Nifty 50 index finished 273 points higher at 24,125, the BSE Sensex shot up 855 points northward at 79,408, while the Bank Nifty index rallied 1,014 points and closed at 55,304. Sectoral performance was broadly positive. Nifty IT surged 2.5%, led by strong moves in Tech Mahindra and HCL Tech. Nifty Auto advanced over 2%, while Metal, Oil & Gas, PSU Bank, and Realty indices each posted gains exceeding 2%. On the downside, the Nifty FMCG index underperformed, slipping nearly 1%, dragged lower by losses in ITC, Hindustan Unilever, and Varun Beverages. Broader markets outshone the frontline indices, with the Nifty Midcap 100 climbing 2.5% and the Nifty Small Cap 100 rising 2.2%, reflecting strong participation across the market spectrum. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "We expect positive momentum to continue in the market, supported by strong domestic cues with stock/sector-specific movements on the back of ongoing Q4 earnings announcements. Key results tomorrow include HCL Tech, Havells, AU Small Finance Bank, Tata Communications, and Waaree Energies, amongst others." On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of the Nifty 50 index continues to be strong. A sustainable move above 24200 could see Nifty advance towards the next resistance of 24,550 (61.8% Fibonacci Retracement taken from the Sept 24 high to the March 25 low) in the near term. Immediate support for Nifty today is placed at 23,900." Asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, "Technically, the index decisively crossed its previous all-time high of around 54,470 and witnessed a fresh breakout of a rounding bottom pattern on the daily chart, reflecting strength. The breakout zone of 54,470 now acts as immediate support for Bank Nifty, and as long as this level is sustained, the index could potentially rally towards the 56,000–56,300 levels. Hence, traders are advised to adopt a "buy on dips" strategy." Regarding shares to buy today, market experts — Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these four intraday stocks for today under ₹ 100: Texmo Pipes, Geojit Financial Services, Sterlite Technologies, and Suzlon Energy. 1] Texmo Pipes: Buy at ₹ 66 to ₹ 68, Targets ₹ 70, ₹ 72, and ₹ 75, Stop Loss ₹ 64; and 2] Geojit Financial Services: Buy at ₹ 76.50 to ₹ 77.50, Targets ₹ 79.50, ₹ 82, and ₹ 85, Stop Loss ₹ 74.50. 3] Sterlite Technologies: Buy on dips at ₹ 85.50, Target ₹ 89.70, Stop Loss ₹ 83. 4] Castrol Energy: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58.
