Latest news with #NiftySmallcap100
India Today
a day ago
- Business
- India Today
Sensex, Nifty open lower as IT, metal stocks drag market despite good GDP data
Benchmark stock market indices opened lower on Monday, dragged by a decline in Reliance Industries (RIL) stock, along with IT and metal sector S&P BSE Sensex declined 723 points to 80,728.03, while the NSE Nifty50 lost 191 points to 24,559.95 as of 9:25 VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said that the market structure favours continuation of the ongoing consolidation "There are global headwinds like renewed tariff concerns that will restrain a breakout rally. At the same time there are domestic tailwinds that will support the market at lower levels. President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," he Unilever emerged as the top performer in early trading, gaining 1.43%, followed by Adani Ports and Special Economic Zone which advanced by 0.84%. Mahindra & Mahindra showed resilience with a 0.56% uptick, while IndusInd Bank and Nestle India posted gains of 0.51% and 0.43% Bank faced the steepest decline, dropping 1.71% in opening trades. HCL Technologies was under significant pressure, falling 1.65%, while Infosys retreated by 1.45%. Reliance Industries slipped 1.43%, and Bajaj Finance rounded out the top five losers with a decline of 1.41%.advertisementNifty Midcap100 posted a marginal gain of 0.01% while Nifty Smallcap100 declined by 0.09%. The India VIX surged by 5.86%, indicating increased volatility in early indices displayed a mixed performance with both gains and losses across various segments. On the positive side, Nifty PSU Bank emerged as the top gainer with a rise of 1.45%, followed by Nifty FMCG advancing 0.50%, Nifty Realty climbing 0.25%, and Nifty Financial Services posting a modest gain of 0.83%.However, several sectors opened in negative territory with Nifty IT facing the steepest decline of 1.40%, followed by Nifty Metal dropping 1.21% and Nifty Private Bank falling 0.66%. Other notable losers included Nifty Consumer Durables down 0.83%, Nifty Pharma retreating 0.61%, Nifty Oil & Gas declining 0.61%, Nifty Media slipping 0.55%, Nifty Auto falling 0.46%, and Nifty Healthcare Index dropping marginally by 0.15%.(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.)Must Watch
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.
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.
Hans India
4 days ago
- Business
- Hans India
Indian stock market opens flat amid stable institutional investments
The domestic benchmark indices opened flat on Friday amid negative Asian cues, as selling was seen in the IT and auto sectors in the early trade. Stable institutional flows — both FII and DII — are keeping the market steady even in the absence of positive triggers. The ongoing consolidation phase is likely to continue in the near-term, according to analysts. At around 9.29 am, Sensex was trading 11.77 points or 0.01 per cent up at 81,644.79 while the Nifty added 13.20 point or 0.05 per cent at 24,846.80. Nifty Bank was up 81.20 points or 0.15 per cent at 55,627.25. The Nifty Midcap 100 index was trading at 57,707.65 after rising 250.40 points or 0.44 per cent. Nifty Smallcap 100 index was at 17,927.15 after climbing 37.75 points or 0.21 per cent. According to analysts, the Nifty posted a smart recovery in the final minutes of trading on Thursday, after spending most of the first half in the red. "Although the Nifty is still caught in a sideways market defined by the 24,462 and 25,116 range, yesterday's rebound traced a long lower shadow and a small real body that was closer to the day's high, and that's a bullish sign. Immediate support and resistance lie at 24677 and 25000 respectively," said Akshay Chinchalkar, Head of Research at Axis Securities. Meanwhile, in the Sensex pack, Infosys, Tech Mahindra, HCL Tech, Bajaj Finance, IndusInd Bank, Bharti Airtel, Titan and Hindustan Unilever Limited were the top losers. Whereas, Adani Ports, Eternal, Maruti Suzuki and Sun Pharma were the top gainers. In the Asian markets, Hong Kong, Bangkok, Seoul, China and Japan were trading in the red. In the last trading session, Dow Jones in the US closed at 42,215.73, up 117.03 points, or 0.28 per cent. The S&P 500 ended with a gain of 23.62 points, or 0.40 per cent, at 5,912.17 and the Nasdaq closed at 19,175.87, up 74.93 points, or 0.39 per cent. 'Investors should understand two distinct big trends that will weigh on markets: One, India's macros are strong and improving. Two, this positive trend in macros is not getting reflected in corporate earnings," said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. This is the fundamental reason for the range-bound movement of the market. On the institutional front, foreign institutional investors (FIIs) were net buyers as they bought equities worth 884.03 crore on May 29, while domestic institutional investors (DIIs) purchased equities worth 4,286.50 crore. According to market watchers, steadily improving macros like resilient GDP growth, down trending inflation and interest rates and declining fiscal and current account deficits lay the foundation for a strong economy and earnings recovery in the medium term.
