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Business Standard
9 hours ago
- Business
- Business Standard
Silver prices surge: Top reasons and what to expect in the months ahead
Silver prices have been on a run in the last few weeks, rising from around $29.5 an ounce (oz) to $36.6/oz. This 24 per cent rise from March 2025 levels has outpaced the run in gold prices, which climbed nearly 15 per cent during this period to $3,338/oz. The recent strength in silver prices, analysts at HDFC Mutual Fund wrote in a note, can be partly explained by investors positioning for the ratio to normalize after silver's prolonged underperformance, besides strong demand from the user industries. In the last one year, silver prices have moved up 26.24 per cent, underperforming the run in gold prices that gained nearly 45 per cent during this period, data shows. Gold-Silver ratio ranged around and crossed 100 in May 2025, showing significant undervaluation of silver relative to Gold. The ratio, which indicates how many grams of silver one can buy for one gram of gold, had crossed 100 only once in this century, during the Covid-19 pandemic when silver corrected sharply amid disrupted industrial activity. A higher Gold – Silver ratio indicates silver is cheaper, and investors typically use it to diversify the amount of precious metals that they hold in their portfolio. As on 9 June 2025, the ratio stood at 91.53, higher than the 10-year average of 81, analysts said. Demand for silver Usage-wise, silver has a 52 per cent demand from industrial applications, and one of the biggest demand growth driver is its use in clean energy applications such as solar energy and electric vehicles (EVs). Jewellery (at 18 per cent) and physical investment, coins & bars (21 per cent) were some of the other demand drivers for silver in the last 10 years (from 2015-2024). Solar sector demand As per estimates in the World Silver Survey 2025, silver industrial demand rose 4 per cent in 2024 to 681 million ounces (Moz), reaching a new record high for the fourth consecutive year. Clean energy requirements such as investment in grid infrastructure, vehicle electrification, and solar applications were key drivers. AI is another driver for silver demand, as consumer electronics shipments increased. Jewellery, silverware and investment demand could see varying levels of demand going ahead amid firm prices, analysts said. Global policies around clean energy and outlook for global trade, in this backdrop, assume relevance in estimating long-term demand for silver. "Solar and EV-related demand has been a key driver for silver, and most economies have taken a strong view towards continued growth in adoption of these technologies. Risks to global growth outlook from tariff related uncertainties translate to risks to silver demand," the HDFC Mutual Fund note said. Where are silver prices headed? On the technical charts, a rare 'Cup and Handle' pattern is forming not just on the weekly chart, but also on the multi-decade (yearly) chart, said Apurva Sheth, head of market perspectives & research at SAMCO Securities, signaling a powerful fractal setup in motion. 'The $35 level now stands out as a crucial breakout zone. A sustained close above this mark could clear the path towards all-time highs, potentially targeting the psychological $50 zone seen during silver's last euphoric run in 2011,' Sheth said. TECHNICAL CHART HERE G Chokkalingam, founder and head of research at Equinomics Research, too, sees a robust demand from the user industries continuing in the months ahead, which is likely to keep silver prices firm. 'Demand for silver from solar and EV industries is likely to stay firm going ahead. I expect silver prices to rise 20 per cent easily from here on in the next 6 – 12 months,' he said.
Mint
6 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122.
Mint
7 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
20-05-2025
- Business
- Business Standard
A bull-market illusion? Handful of stocks driving the surge, data reveals
The ongoing rally in benchmark indices has not lifted all boats, as only a handful of stocks have recovered to their levels at last year's market peak. While the Nifty 50 index is currently less than 5 per cent below its high and has recovered 14 per cent from its recent low of 21,750 levels, 41 stocks (82 per cent), are still below their closing prices when the index hit its peak on September 27, data shows. In the broader markets, too, over 72 per cent of the NSE 500 stocks are still trading below their closing prices from September 27. Additionally, one in four stocks, or 28 per cent, remain lower by more than 20 per cent from those closing levels, according to data compiled by Business Standard. Among the top 750 listed companies, analysts at SAMCO Securities said, stocks of only 30-35 companies have driven the recent rally, highlighting that the reality is this "isn't a bull market - it's more like a bull mirage." The index may flirt with 25,000, but most stocks are still nursing their wounds, it said in a recent note. "This isn't a rotation - it's a massacre disguised as a milestone," wrote Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities, in a recent note. Within the NSE 500 pack, Sterling and Wilson Renewable (down 54 per cent), Adani Green Energy (down 51 per cent), Ola Electric Mobility (down 49 per cent), BrainBees Solutions (down 46 per cent) and IndusInd Bank (down 46 per cent) are the top losers since the market closing on September 26. They are yet to hit their peak levels hit late last year. Transformers & Rectifiers (up 67 per cent), BSE (98 per cent), and JSW Holdings (156 per cent) are top gainers along with defence public sector undertakings (PSUs) like Mazagon Dock Shipbuilders (61 per cent), Garden Reach Shipbuilders (45 per cent) and Bharat Dynamics (62 per cent). Momentum still prevails However, market experts are of the view that, while the rally may be led by few heavyweights, the bullish momentum still prevails from a long-term viewpoint. Indian equity market is showing clear signs of bullish momentum, according to Chandan Taparia, head of derivatives and technicals, wealth management at Motilal Oswal Financial Services (MOFSL). He points to a sharp recovery of over 3,000 points from recent lows in the Nifty index, which is trading above its 50-day exponential moving average (EMA). This is a key technical signal that the market is gaining strength, Taparia said, adding, 'This kind of recovery doesn't happen in a bear market.' Taparia noted that the current rally has been led by selective sectors, particularly banking and heavyweight counters like Reliance Industries (RIL). The Bank Nifty has surged to record highs, contributing significantly to the market's gains, he added. He also highlighted the sustained Systematic Investment Plan (SIPs) inflows and aggressive buying by both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). 'The FIIs' long-short ratio has turned positive and SIP flows are at record highs, which underpins the bullish sentiment,' he said. While the market has been range-bound between 22,000 and 26,000 for several months, Taparia believes sector rotation, from defence and banking to metals and IT, will broaden the rally. We're in a phase where selective buying is driving the index, and broader participation will follow, he said.
Time of India
16-05-2025
- Business
- Time of India
Nifty at 7-month high but here's why your stock portfolio is still sulking
Nifty 50 hit a 7-month high, but the rally is narrow and large-cap driven, leaving most portfolios lagging. Over 75% of stocks remain in the red despite recent gains in mid- and small-cap segments, says SAMCO Securities. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's benchmark Nifty 50 index has surged past the 25,000 mark, touching a fresh seven-month high this week. But while the index may be celebrating, chances are your portfolio isn't — and there's a clear reason Nifty 50 climbed 4.21% for the week to close at 25,019.80 on Friday, driven by optimism over easing geopolitical tensions with Pakistan, progress in trade negotiations with the United States, and hopes of a domestic rate cut. The Sensex also posted a weekly gain of 3.62%, ending at 82,330.59. But beneath the surface of these headline highs lies a sharply divided market, reflecting how the rally was not a broad-based one."The Nifty 50 has reclaimed the 25,000 mark after a long, 7-month slog. But before you pop the champagne, take a closer look: the index may be shining, but your portfolio might still be sulking in a corner," said Apurva Sheth, Head of Market Perspectives & Research at SAMCO October 15, 2024, the benchmark index has returned just 0.02%, while broader market segments have lagged significantly. The Nifty Midcap 150 has dropped 6.09%, the Nifty Smallcap 250 is down 12.50%, and the Nifty Microcap 250 has slipped 12.22%."This isn't a broad-based bull run. It's a narrow rally led by a handful of large caps while the rest of the market has been quietly bleeding," Sheth the index appears buoyant, the broader market tells a different story. A detailed analysis by SAMCO Securities of 730 companies—excluding 20 recent IPOs—shows that nearly 75% of stocks are still in the red. Only a small fraction of the market has delivered positive returns, with the majority of listed names still underwater.'If you're stuck in one of the 170 stocks that are down 25% to 50%, this 'rally' feels more like a recession,' Sheth said. He warned that the supposed market strength is largely illusory, driven by select large-caps that mask the broader pain being felt across week, mid-cap and small-cap stocks did see a rebound, with the Nifty Midcap and Smallcap indices gaining 7.2% and 9.2% respectively. The uptick was led by defence stocks and strong post-earnings moves in key names. However, the bounce does little to offset the persistent drag over the past seven months.'This isn't a bull market—it's a bull illusion. If you're not in the handful of heavyweight stocks pulling the index up, you're likely still in pain,' Sheth said. For most investors, the milestone of Nifty at 25,000 offers little solace. As he puts it, 'The next time someone says, 'Nifty's at 25k!' — just ask: 'Yes, but is your portfolio?''Also read | Market Wrap: Financials, IT stocks drag D-Street lower; Sensex sheds 200 pts, Nifty below 25,100 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
