Latest news with #StockMarketToday
Mint
6 hours ago
- Business
- Mint
Indian indices declines for 3rd consecutive day, Sensex-Nifty ends in red, Realty up 1%
Mumbai (Maharashtra) [India], June 3 (ANI): Indian stock indices ended lower on Tuesday, with both Sensex and Nifty 50 tumbling in red territory. The benchmarks declined for the third consecutive session today. Ajay Bagga, a banking and market expert, told ANI, "Fiscal worries, geopolitical tensions, and tariff uncertainty are the defining trends for global markets." He added that these factors are making markets very difficult to predict, with policy-related news becoming the main driver. Observing the markets, VLA Ambala, Co-Founder of Stock Market Today, said, "Donald Trump's tariff policies have led to a slowdown in both the US and global economies." "Trump's policies and the slowing global economy have also affected India, impacting our GDP growth, export flow, and performance of small-cap companies. On technical charts, the Nifty 50 formed a bearish engulfing pattern on the daily time frame," she added. At the end of today's session, BSE Sensex declined 636.24 points or 0.78 per cent, at 80,737.51, and the Nifty 50 at the National Stock Exchange (NSE) was down 174.10 points or 0.70 per cent, at 24,542.50. The sectoral indices of banks, capital goods, consumer durables, IT, oil & gas, power, private bank, PSU banks declined between 0.5 and 1 per cent. Among the gainers in indices, the Realty rose 1 per cent during the trading. As per Ambala, 24,430 level of Nifty will be the key level to watch tomorrow and appear as a make-or-break point for the benchmark index. Today, the index's RSI stood at 50, and it plunged by 3.75% due to the lack of major market triggers. "Nifty formed an engulfing bearish candle closing near its support of 24500 levels. The index has been very volatile today, as it started on a positive note while dropping to a day low near its support and then again bounced back from the support," said Dr Praveen Dwarakanath, Vice President of Hedged in. He added that the index is bouncing every time from the 24500 level, indicating strong support at the 24500 level. Earlier, the Indian stock markets opened on a cautious but positive note on Tuesday, tracking mixed global cues amid rising concerns over tariffs, geopolitical tensions, and fiscal worries in the US economy. (ANI)
India Today
2 days ago
- Business
- India Today
Stock market opening: Will Sensex, Nifty rally today after GDP numbers?
The stock market is expected to open higher on Monday, June 2, following better-than-expected GDP numbers for the March quarter. The Gift Nifty futures were trading at 24,841.5 at 8:07 am, suggesting a positive start above Friday's Nifty 50 close of 24, economy grew by 7.4% in the January-March quarter, surprising many analysts. The growth was mainly driven by strong activity in the construction and manufacturing sectors. This fresh data has boosted investor confidence going into the new trading experts believe the positive growth numbers may help Nifty and Sensex start the week on a strong note. VLA Ambala, Co-Founder of Stock Market Today, said, 'Nominal GDP reached Rs 330.68 lakh crore, reflecting resilience in domestic demand.' Ambala added that if the market opens lower by chance, the levels of 24,520 and 24,450 may act as support. On the higher side, resistance may come in at 24,880 and 25, upbeat GDP figures, along with other good signs such as early monsoon progress and low inflation outlook, are expected to support the overall mood of the traders are now looking at sectors that respond quickly to changes in interest rates, such as banks, automobiles, real estate and consumer goods. These may see more interest if the Reserve Bank of India cuts interest rates at its meeting on June 6. The market is already expecting a 25-basis-point rate though both the Sensex and Nifty fell slightly on Friday, they ended the month of May in the green. This marked the third month in a row of gains, supported by strong foreign investments, better company results, and lower worries about trade issues. However, both indexes are still around 6% below the record highs they reached in September Friday, foreign portfolio investors (FPIs) turned net sellers after five days of buying, but overall, they remained net buyers for the month of May. FPIs brought in $2.34 billion last month, the highest monthly inflow since September stocks will be closely watched in today's trade as companies have reported their sales numbers for May. Investors will also keep an eye on other sectors like financial services and real global markets, the picture was mixed. Most Asian markets opened lower as investors remained cautious. They are waiting for key economic data from the United States, especially job and manufacturing numbers, while keeping an eye on trade policies.(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 advertisement
Business Standard
4 days ago
- Business
- Business Standard
Sensex zooms 1,750 pts, Nifty tops 23,350; why stock markets rallied today?
Why are markets rising today: Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, and SBI were top gainers today Shine Jacob Abhineet Kumar Why is stock market rising today, Stock Market Today:The Indian stock markets rose on Tuesday, April 15, 2025, climbing for a second straight day, as tariff reprieve by US President Donald Trump lifted stock market sentiment. The BSE Sensex index zoomed 1,750.34 points intraday to hit a high of 76,907 level, while the Nifty50 index surged 540 points to a high of 23,368. At 3:30 PM, Sensex closed 2.1 per cent higher at 76,734, while the Nifty50 ended 2.19 per cent up at 23,328. In the broader market, the Nifty MidCap, and the Nifty SmallCap indices advanced over 2 per cent each. Of the 2,574 stocks traded on the NSE today, 2,316 stocks gained today and 196 fell. Sixty two stocks were unchanged at the time of writing this report. US' key index, the S&P 500, is up 9 per cent, from April lows, on tariff pause. The Nifty, however, is up only 3 per cent from April lows; hence, we have some catching up to do. This, and some short-covering, will keep the markets strong for the day,' said VK Vijayakumar, chief investment strategist at Geojit Investments Limited. Among individual stocks, Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, State Bank of India, and Eternal (Zomato) were the top gainers on the Sensex today, moving higher in the range of 2 per cent to 5 per cent.'
India Today
5 days ago
- Business
- India Today
Stock market opening: Sensex, Nifty likely to open higher today. Here's why
The stock market is expected to open higher on Friday, supported by strong buying from foreign investors and hopes of faster growth in the economy. This comes ahead of the release of the GDP data, which is due later in the 8:14 am, Gift Nifty futures were trading at 24,950, suggesting a positive start above Thursday's Nifty50 close of 24,833.6. This indicates that markets may open with gains in early expert VLA Ambala, Co-Founder of Stock Market Today (SMT), said that if the Nifty 50 index moves above 24,900, it may show bullish momentum as several stocks are expected to be in focus. She added, 'If the Nifty 50 breaks its immediate support level at 24,690 during the next intraday trading session, a sell-off could push prices down to 24,600 and possibly 24,470. If there is a breakout above 24,820, it could create an opportunity for intraday long positions. A gap opening of 0.75% to 1% will create immediate buying opportunities at support levels. On the other hand, a selling opportunity will arise if the market opens at a resistance level.'In recent sessions, markets have been quite volatile, swinging between gains and losses. However, on Thursday, both Sensex and Nifty managed to close higher, with gains of nearly 0.5%.STRONG FOREIGN INFLOWS CONTINUEForeign portfolio investors (FPIs) bought Indian shares worth Rs 884 crore on Thursday. This was the fifth day in a row that FPIs remained net buyers. So far in May, net foreign inflows have touched nearly Rs 21,700 crore or around $2.6 billion. If this trend continues, May could turn out to be the best month for foreign inflows since September 2024, a time when benchmark indices had hit record institutional investors (DIIs) have also supported the market. They have been net buyers for eight straight trading sessions. This steady buying by both foreign and domestic investors has helped improve market GAINS FOR NIFTYSo far this month, the Nifty 50 has risen around 2%, and if gains hold, the index is set for a third straight month of growth. This rise has been helped by strong earnings reported by many companies for the March quarter, as well as reduced worries over global trade are also hopeful that the Reserve Bank of India may consider reducing interest rates in the upcoming policy meeting next week, especially as inflation appears to be ON GDP DATALater today, the Indian government will release its GDP figures for the January–March quarter. Many experts believe the economy grew faster during this growth is expected to have been driven by increased rural demand and higher government spending. However, private investment is still low due to uncertainty in global the United States, stock markets ended higher overnight after a court ruling brought back former President Donald Trump's tariffs, which had been blocked earlier. This created some unease in global trade circles, but U.S. markets held up Asia, broader markets opened on a weaker note. The MSCI Asia ex-Japan index was down 0.5% in early trade, after rising 0.6% in the previous session. This shows that global markets are still reacting to trade-related 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
India Today
6 days ago
- Business
- India Today
Finfluencer frenzy: Why you shouldn't chase viral stock tips
It often starts with a reel. You're unwinding after a long day, scrolling through Instagram, when a sharply edited video stops your thumb. A confident voice promises a stock that will "double in 30 days." The chart looks convincing. The profits look real. The urgency feels minutes, you're watching another. Then another. Before you know it, you're downloading an app, opening a demat account, and investing in a company you hadn't heard of until five minutes how thousands of retail investors are getting swept up in a surge of financial advice on social media, driven not by seasoned economists or licensed advisors but by a new breed of digital celebrities known as 'finfluencers'.FINFLUENCERS RIDE DIGITAL BOOM In India's booming digital economy, these social media personalities have become the new-age financial guides for millions of retail investors. A recent CFA Institute report found that 82% of retail investors act on finfluencer advice, and 72% even reported making the surface, it sounds like a success story. But scratch a little deeper, and the sheen wears off. Only 2% of these finfluencers are Sebi-registered, and the rest? Operating in a regulatory grey zone where accountability is optional and consequences are rare.'The biggest risk is acting on flashy advice without context,' warns Trivesh D, COO of brokerage firm Tradejini. 'We know many finfluencers aren't qualified, but they sound convincing. If you're blindly following someone with no skin in the game, you could end up in poor trades, or worse, manipulated stocks.'advertisementAnd this isn't just a matter of a few bad calls. The psychological mechanics behind these digital interactions are built to influence, not inform. FOMO—fear of missing out—is baked into the more dramatic the claim, the more views it garners. The algorithms that power your feed reward virality, not veracity.'Emotion rarely leads to sound investing,' Trivesh adds. 'When people online seem to be making money, it creates pressure to jump in. But that's not a strategy, it's just emotion dressed up as one.'VLA Ambala, a Sebi-registered research analyst and co-founder of Stock Market Today, has seen firsthand how this emotional bait can sink unsuspecting investors.'Most of these influencers are neither qualified nor willing to come under Sebi's regulatory umbrella. Many of them are simply copy-pasting trending content to attract followers. They promote risky or unsuitable financial products for personal gain,' she STOCK BUZZ, RESOURCEFUL IPO HYPEConsider the now infamous case of the Resourceful Automobile IPO. With just two Yamaha showrooms and eight employees, the company's IPO was still subscribed 400 times, thanks largely to finfluencer hype. 'There was no substance, only buzz,' Ambala recalls. 'And that buzz was manufactured.'Then there's the case of Gensol Engineering Ltd, where finfluencers widely promoted the stock and its charismatic promoters, Anmol and Puneet Singh Jaggi. The company's meteoric rise drew in thousands of retail investors, but when Sebi flagged serious corporate governance issues and fund diversion, the stock tanked and investors saw losses of up to 95%.advertisementCrypto investors, too, have been stung. Popular YouTubers endorsed platforms like Vauld, a Singapore-based crypto firm that suspended deposits and withdrawals in 2022. Indian investors were left stranded, unable to retrieve their consequences are real and often costly. 'Following unverified advice from finfluencers can damage an investor's long-term strategy,' Ambala cautions. 'Instead of growing wealth with clear goals, people end up chasing random tips. It's inconsistent and unsustainable.'CREDIBILITY CRISISPerhaps the most worrying part is the illusion of credibility. 'Many finfluencers look like professionals but are actually experts in sales and marketing,' she says. 'They appear free, but they earn massive commissions through brokerage referrals and subscriptions. The average viewer doesn't see the conflict of interest.'Despite repeated warnings from Sebi, a vast number of these content creators continue to offer direct stock recommendations, often without disclosing affiliations or incentives.'If someone is promising guaranteed returns, pushing penny stocks aggressively, or avoiding questions about their holdings, that's a red flag,' says Trivesh. 'Genuine advice rarely comes wrapped in hype.'advertisementBoth experts stress that education is the first line of defence. Building financial literacy and cultivating scepticism can go a long way in protecting retail investors.'Don't just take someone's word for it,' Trivesh says. 'Cross-check with reliable sources. Look at company filings. Consult licensed professionals.''Popular doesn't mean accurate,' Ambala adds. 'Social media algorithms push what gets the most clicks—not what's true. The onus is on investors to verify before they act.'So, what should new investors do? Slow down. Read. Ask questions. Find out if the person dishing out stock tips is registered with Sebi or is at least credible. Learn the basics before diving into complex strategies. And most importantly, if it sounds too good to be true on social media, it's usually a warning sign, not a winning bet.
