Latest news with #Smallcap
Mint
3 days ago
- Business
- Mint
Sensex jumps over 900 points, Nifty 50 reclaims 24,900; why is Indian stock market rising today? EXPLAINED
Indian stock market witnessed a broad-based buying, which lifted Indian stock market benchmarks—the Sensex and the Nifty 50—by more than 1 per cent each in intraday trade on Thursday, June 5. The Sensex opened at 81,196.08 against its previous close of 80,998.25 and jumped over 900 points, or 1 per cent, to an intraday high of 81,911.13. The Nifty 50 opened at 24,691.20 against its previous close of 24,620.20 and jumped over a per cent to an intraday high of 24,899.85. The BSE Midcap and Smallcap indices also rose by almost a per cent. The overall market capitalisation of firms listed on the BSE rose to nearly ₹449 lakh crore from ₹445 lakh crore in the previous session, making investors richer by about ₹4 lakh crore in a single session.
Mint
4 days ago
- Business
- Mint
Sensex, Nifty 50 snap 3-day losing run; investors earn ₹2 lakh crore— 10 key highlights from Indian stock market today
The Indian stock market ended in positive territory on Wednesday, June 4, with benchmarks the Sensex and the Nifty 50 snapping their three-day losing run amid positive global cues. The Sensex closed with a gain of 261 points, or 0.32 per cent, at 80,998.25, while the Nifty 50 ended the day at 24,620.20, up 78 points, or 0.32 per cent. Mid and small-cap segments ended in the green, too, outperforming the benchmarks. The BSE Midcap and Smallcap indices closed 0.76 per cent and 0.58 per cent higher, respectively. An across-the-board buying lifted the overall market capitalisation of BSE-listed firms to ₹ 445 lakh crore from ₹ 443 lakh crore in the previous session, making investors richer by about ₹ 2 lakh crore in a single session. Indian stock market ended with gains after three days of losses, tracking positive global cues and a decline in the US dollar, even though uncertainty surrounding US-China trade negotiations persisted. Market attention is centred on the RBI's monetary policy decision due Friday and the European Central Bank's (ECB) policy announcement on Thursday. The RBI is expected to cut rates by 25 basis points, while the ECB is also widely anticipated to deliver a rate cut. 32 stocks ended higher in the Nifty 50 index, out of which Eternal (up 3.21 per cent), Jio Financial Services (up 2.36 per cent) and IndusInd Bank (up 1.79 per cent) ended as the top gainers. (This is a developing story. Please check back for fresh updates.)
Mint
5 days ago
- Business
- Mint
Axis Securities raises Nifty target to 26,300 for March 2026; top stock picks include HDFC Bank, SBI, and others
Axis Securities revised its Nifty 50 target upward to 26,300 for March 2026, citing robust earnings visibility, improved market sentiment, and strong macroeconomic fundamentals. The brokerage said that while the broader market witnessed significant recovery post the lows of February 2025, near-term consolidation is likely due to global economic uncertainties. The firm maintained a bullish outlook on domestic-facing sectors, while advising caution on export-oriented businesses in the wake of ongoing global trade policy shifts. 'India remains a haven amidst global volatility, and with supportive domestic cues, we believe the Nifty is poised to deliver double-digit returns over the next 2–3 years,' Axis Securities said. While near-term consolidation is likely, the focus will remain on selectively positioning in largecap, domestically-driven sectors that offer better risk-reward in the current climate. According to Axis Securities, the Indian equity market experienced a notable rebound starting March 2025. The Nifty 50 gained 12 percent from its February lows, while the Midcap and Smallcap indices surged by 20 percent and 22 percent, respectively. The rally was attributed to factors such as Q4FY25 earnings aligning with expectations, positive trade agreements, easing geopolitical tensions, and a supportive macroeconomic setup for FY26. The last one month alone saw the Smallcap index rising 9.6 percent, the Midcap index up 6.1 percent, and the Nifty 50 inching up by 1.7 percent. 'The market breadth improved substantially in the last three months,' Axis Securities said. Despite the rebound, Axis Securities noted the presence of lingering macroeconomic challenges, including trade policy uncertainty with the US and China, slowing global growth, movement in US 10-year bond yields, and volatility in the dollar index. 'These risks will influence market direction and valuations in the short term,' the brokerage said, adding that markets may consolidate in the near term with narrow participation. Axis said it is adopting a strategy focused on style and sector rotation, especially favouring domestic-facing sectors, given their insulation from reciprocal tariffs. Axis Securities pointed out that largecaps offer better value compared to the broader market, where the margin of safety is currently lacking. 'We believe quality stocks, market leaders, and monopolies from domestic-oriented sectors are well-positioned to outperform,' Axis Securities said. The brokerage is overweight on largecap private banks, telecom, consumption, hospitals, and interest-rate proxies. It also upgraded its view on retail consumption and FMCG stocks based on FY26 recovery expectations. Meanwhile, it continued to underweight IT stocks due to expected US discretionary spending cuts. Reflecting shifts in market style and risk appetite, Axis Securities made one change in its top picks—booking profits in Dalmia Bharat and adding Sansera Engineering. 'This reflects our tactical pivot towards higher-quality plays amidst ongoing market transition,' the brokerage noted. Axis Securities rolled forward its Nifty target to March 2026, raising it to 26,300. The upward revision is based on improved market sentiment, easing tariff concerns, and better earnings prospects for FY26. 'We now value the Nifty at 20x Mar'27 earnings, up from 19x earlier, factoring in favourable index changes like the inclusion of Britannia and BPCL,' Axis Securities said. It expects Nifty earnings to grow at a CAGR of 14 percent over FY23–27, driven largely by financials. In a bull-case scenario, Axis Securities sees the Nifty touching 27,600 by March 2026, valuing it at 21x Mar'27 earnings. This outlook is predicated on a 'Goldilocks' environment with reduced global volatility, a soft landing for the US economy, and a revival in private capex under a stable policy regime. Conversely, in the bear case, Axis pegs the Nifty at 22,300, based on a 17x valuation multiple. 'Challenges such as high interest rates, currency volatility, and trade disruption from potential Trump-era policies could drag down valuations,' Axis Securities warned. Aligned with its revised market strategy, Axis Securities recommended a diversified portfolio comprising domestic-facing plays and quality names. Its top picks include HDFC Bank, ICICI Bank, Shriram Finance, Avenue Supermarts, State Bank of India, Lupin, Hero MotoCorp, Max Healthcare, Colgate, Kalpataru Projects, APL Apollo Tubes, Varun Beverages, Bharti Airtel, Prestige Estates, and Sansera Engineering. 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.
Mint
6 days ago
- Business
- Mint
Sensex crashes 800 points; Nifty 50 nears 24,500: Why is Indian stock market falling? EXPLAINED
Indian stock market witnessed a sharp selloff in the morning session on Monday, June 2, with the Sensex crashing almost 800 points and the Nifty 50 nearing 24,500 on the downside. The Sensex opened at 81,214.42 against its previous close of 81,451.01 and dropped 797 points, or nearly 1 per cent, to an intraday low of 80,654.26. The Nifty 50 started its day at 24,669.70 against its previous close of 24,750.70 and dropped 0.91 per cent to an intraday low of 24,526.15. However, the BSE Midcap and Smallcap indices exhibited resilience, rising about 0.30 per cent each, in the morning session. US President Donald Trump on Friday threatened to double tariffs on imported steel and aluminium to 50 per cent from June 4. The fresh tariff jolt shook up markets globally. Major Asian markets, including Japan's Nikkei and Hong Kong's Hang Seng, dropped 1-2 per cent. Meanwhile, simmering trade tensions between the US and China also weighed on sentiment. Bloomberg reported that "China has accused the US of violating their recent trade deal and vowed to take measures to defend its interests." (This is a developing story. Please check back for fresh updates.)
Mint
29-05-2025
- Business
- Mint
Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks—the Sensex and the Nifty 50—closed in positive territory on Thursday, May 29, snapping their two-day losing run on fag-end buying in select blue-chip stocks. The Sensex closed 321 points, or 0.39 per cent, higher at 81,633.02, with Infosys, Reliance Industries and HDFC Bank as top contributors. The Nifty 50 settled at 24,833.60, up 81 points, or 0.33 per cent. The BSE Midcap and Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively. Volatility index India VIX plunged 9 per cent to 16.42. The overall market capitalisation of BSE-listed firms rose to nearly ₹ 445.5 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 1.5 lakh crore in a day. The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2. The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment. "Global sentiment improved after a US court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields," said Vinod Nair, Head of Research, Geojit Investments Limited. "Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. Export-focused sectors like IT and pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation," Nair said. As many as 37 stocks closed higher in the Nifty 50 index. Shares of IndusInd Bank (up 2.47 per cent), Sun Pharmaceutical Industries (2 per cent), and Eternal (up 1.8 per cent) ended as the top gainers. HDFC Life Insurance Company (down 1.07 per cent), BEL (down 0.81 per cent) and Tata Consumer Products (down 0.68 per cent) closed as the top loser stocks in the index. Only Nifty PSU Bank (down 0.24 per cent) and FMCG (down 0.13 per cent) ended with losses among major sectoral indices. Nifty Metal (up 1.21 per cent), Realty (up 1.14 per cent), Pharma (up 0.92 per cent) and IT (up 0.77 per cent) closed with healthy gains. Nifty Bank and Financial Services indices rose 0.23 per cent and 0.10 per cent, respectively. Vodafone Idea (34.32 crore shares), MMTC (20.17 crore shares) and IFCI (15.06 crore shares) were the most active stocks in terms of volume on the NSE. MMTC, Hindustan Motors, Veto Switchgears and Cables, STL Global and Godavari Biorefineries were among the 17 stocks that jumped over 10 per cent on the NSE. Denta Water and Infra Solutions (down 10.48 per cent) and Sandur Manganese & Iron Ores (down 10.41 per cent) were the two stocks that crashed more than 10 per cent on the NSE. As many as 106 stocks, including MMTC, Zen Technologies, Hindustan Motors and KPI Green Energy, hit their upper circuits in intraday trade on the NSE. On the other hand, 81 stocks, including Orchid Pharma, V2 Retail, Indo Tech Transformers, and Borana Weaves, hit lower circuits during the session. As many as 1,510 stocks advanced, while 1,373 declined and 64 remained unchanged on the NSE. Some 92 stocks, including Mazagon Dock Shipbuilders, Deepak Fertilisers & Petrochemicals Corporation, Welspun Corp, Solar Industries India and Apollo Micro Systems, hit their 52-week highs in intraday trade on the BSE. On the other hand, Orchid Pharma, National Standard (India), Lasa Supergenerics, Bharat Rasayan and CP Capital were among the 29 stocks that hit their 52-week lows. Read all market-related news here Read more stories by Nishant Kumar
