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The Hindu
30-05-2025
- Business
- The Hindu
Sensex declines 219 points in early trade
Benchmark stock indices Sensex and Nifty declined in early trade on Friday (May 30, 2025), dragged by IT shares and sluggish trends in Asian markets. The 30-share BSE Sensex declined by 219 points to 81,414.02 in early trade. The NSE Nifty dipped 53.6 points to 24,780. Investors turned cautious ahead of the release of domestic GDP data, analysts said. From the Sensex firms, Infosys, Tech Mahindra, HCL Tech, IndusInd Bank, Mahindra & Mahindra and Tata Consultancy Services were among the laggards. Larsen & Toubro, Adani Ports, Eternal, Nestle, Sun Pharma and Maruti were among the gainers. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the negative territory. The U.S. markets ended higher on Thursday (May 29). Foreign Institutional Investors (FIIs) bought equities worth ₹884.03 crore on Thursday, while Domestic Institutional Investors (DIIs) bought equities worth ₹4,286.50 crore, according to exchange data. "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. 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. This is the fundamental reason for the range bound movement of the market," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Global oil benchmark Brent crude declined 0.48 per cent to USD 63.84 a barrel. The BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 on Thursday. The 50-share Nifty went up by 81.15 points or 0.33 per cent to 24,833.60.
Economic Times
26-05-2025
- Business
- Economic Times
Nifty crosses 25K five times in eight sessions but fails to hold. Bullish burst or just mood swings?
Live Events Can Nifty sustain 25,000? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel India's benchmark Nifty jumped 230 points on Monday, driven by a strong mix of positive triggers, and briefly crossed the 25,000 mark for the fifth time in eight sessions. However, the bulls have struggled to sustain momentum, with the index managing to close above this key level on only two occasions in 2025. Can they reclaim momentum and sustain above this key level? Here's what you need to Nifty bulls extended their Friday rally into Monday, pushing the index past the 25,000 mark, driven by a mix of supportive global and domestic the global front, sentiment improved after U.S. President Donald Trump postponed the 50% tariff deadline on the European Union to July 9 from the earlier date of June the rupee strengthened past the 85-per-dollar level for the first time in two weeks, building on Friday's 0.9% gain. This move was fueled by the Reserve Bank of India's ( RBI ) record-breaking Rs 2.69 lakh crore dividend payout to the central government for FY25—a 27% increase over last year's Rs 2.11 lakh the June Monetary Policy Committee (MPC) meeting around the corner, the dividend boost is being seen as a positive catalyst for Indian equity markets."This, in turn, can sustain the low inflation and declining interest rate trend, which will continue to support the equity market," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services While Monday's early gains were led by banking and financial stocks, it was the auto and IT sectors that carried the rally forward. The Nifty Auto index climbed over 1%, with 13 of its 15 constituents in the green, some rising as much as 3%. The Nifty IT index also gained 1%, with all 10 stocks trading also pointed to the relative outperformance of midcap stocks, driven by strong Q4 earnings, calling it a 'significant feature' that has helped moderate the segment's steep Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking, does not see strong indicators in the near term to help Nifty hold on to the 25,000 mark. Citing the derivatives data, he said that there is a strong presence of Call writers around this level which are restricting investors from short covering. In his view, Nifty has to decisively break the 25,000 mark to move towards the next target of 25, May 15, Nifty hit a high of 25,116.25, which is also the highest level for 2025, before the index closed at 25,062.10. It has been downhill since also feels that the good news regarding tariffs is behind us now. Trump's comments on tariffs on the EU and the 25 % tariff threat to Apple if they don't manufacture iPhones in the US suggest that bad news impacting the market can suddenly come from the US President at any time," he has rallied 1,000 points or 4.4% since the April 9 pause on reciprocal tariffs. Just a week after April 2 'Liberation Day' coming into force, Trump blinked as bond prices fell sharply.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
21-05-2025
- Business
- Mint
FPI selloff: Over ₹10,000 crore pulled out from Indian stock market in a day. What triggered the outflow?
Stock market today: After a sustained buying streak, overseas investors turned cautious and pulled out ₹ 10,016 crore from the Indian stock market during Tuesday's session (May 20), marking the highest single-day outflow since February. However, domestic institutional investors have supported the markets by pumping ₹ 6,738 crore into the exchanges. Weak global cues and a lack of fresh domestic triggers prompted overseas investors to book profits in the Indian stock market after having invested ₹ 23,778 crore between May 1 and May 16, following inflows of ₹ 4,243 crore in April. In addition, weak global cues such as Moody's downgrade of the U.S. sovereign rating by one notch, from Aaa to Aa1, as well as renewed global trade concerns that have further weighed on their sentiment. The spike in U.S. bond yields after the downgrade also impacted equity inflows, as higher yields make equities relatively less attractive. After largely remaining sellers in the months following Indian benchmarks hitting record highs in September, foreign investors made a comeback in March, driven by attractive valuations and optimism that India could be among the first nations to strike a trade deal with the U.S.—prompting them to reassess their stance on Asia's third-largest economy. Between October and February 2025, FPIs sold stocks worth ₹ 3 lakh crore. However, strong support from domestic investors and sustained institutional buying cushioned the impact of steady outflows. Meanwhile, the U.S.-China trade truce has brought the 'Sell India, Buy China' theme back into focus, as Chinese stocks continue to trade at more attractive valuations compared to Indian equities. Experts believe that if both nations reach a permanent trade agreement, overseas investors may shift their attention from India to China. The trade truce has also prompted several global investment banks to raise their forecasts for China's economic growth this year. To stimulate the economy, Chinese officials have been announcing a slew of fiscal and monetary measures since the second half of last year—the latest being Beijing's decision to cut key lending rates by 10 basis points on Tuesday. The People's Bank of China trimmed the one-year Loan Prime Rate (LPR) to 3.0% from 3.1% and the five-year LPR to 3.5% from 3.6%, which marks the first rate cut since the central bank's 25-basis-point reduction in October. It is part of a broader stimulus package announced earlier this month, which also includes reductions in lending rates and the reserve requirements for banks. Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, 'A spike in uncertainty and risk is impacting the market rather unexpectedly. Yesterday's FII sell figure of ₹ 10,016 crore is a major reversal of their big buying in May, and if this persists, it has the potential to impact the market. What caused this sudden reversal in FII activity? A combination of many factors may be responsible: the credit rating downgrade of US sovereign debt and the consequent spike in US bond yields, the spike in Japanese government bond yields, rising COVID cases in some parts of India, and reports of a possible Israeli attack on Iran are doing the rounds. Investors can wait and watch for the events to unfold." "The 30-year JGB yield spiking to 3.14 % in the backdrop of the US 30-year yield spiking to 5% a couple of days back sends a feeling of disquiet in financial markets. This may not create any near-term impact but is bound to have some medium- to long-term consequences. Investors have to exercise caution," he further added.
Mint
21-05-2025
- Business
- Mint
FPI selloff: Over ₹10,000 crore pulled out from Indian stock market in a day. What triggered the outflow?
Stock market today: After a sustained buying streak, overseas investors turned cautious and pulled out ₹ 10,016 crore from the Indian stock market during Tuesday's session (May 20), marking the highest single-day outflow since February. However, domestic institutional investors have supported the markets by pumping ₹ 6,738 crore into the exchanges. Weak global cues and a lack of fresh domestic triggers prompted overseas investors to book profits in the Indian stock market after having invested ₹ 23,778 crore between May 1 and May 16, following inflows of ₹ 4,243 crore in April. In addition, weak global cues such as Moody's downgrade of the U.S. sovereign rating by one notch, from Aaa to Aa1, as well as renewed global trade concerns that have further weighed on their sentiment. The spike in U.S. bond yields after the downgrade also impacted equity inflows, as higher yields make equities relatively less attractive. After largely remaining sellers in the months following Indian benchmarks hitting record highs in September, foreign investors made a comeback in March, driven by attractive valuations and optimism that India could be among the first nations to strike a trade deal with the U.S.—prompting them to reassess their stance on Asia's third-largest economy. Between October and February 2025, FPIs sold stocks worth ₹ 3 lakh crore. However, strong support from domestic investors and sustained institutional buying cushioned the impact of steady outflows. Meanwhile, the U.S.-China trade truce has brought the 'Sell India, Buy China' theme back into focus, as Chinese stocks continue to trade at more attractive valuations compared to Indian equities. Experts believe that if both nations reach a permanent trade agreement, overseas investors may shift their attention from India to China. The trade truce has also prompted several global investment banks to raise their forecasts for China's economic growth this year. To stimulate the economy, Chinese officials have been announcing a slew of fiscal and monetary measures since the second half of last year—the latest being Beijing's decision to cut key lending rates by 10 basis points on Tuesday. The People's Bank of China trimmed the one-year Loan Prime Rate (LPR) to 3.0% from 3.1% and the five-year LPR to 3.5% from 3.6%, which marks the first rate cut since the central bank's 25-basis-point reduction in October. It is part of a broader stimulus package announced earlier this month, which also includes reductions in lending rates and the reserve requirements for banks. Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, 'A spike in uncertainty and risk is impacting the market rather unexpectedly. Yesterday's FII sell figure of ₹ 10,016 crore is a major reversal of their big buying in May, and if this persists, it has the potential to impact the market. What caused this sudden reversal in FII activity? A combination of many factors may be responsible: the credit rating downgrade of US sovereign debt and the consequent spike in US bond yields, the spike in Japanese government bond yields, rising COVID cases in some parts of India, and reports of a possible Israeli attack on Iran are doing the rounds. Investors can wait and watch for the events to unfold." "The 30-year JGB yield spiking to 3.14 % in the backdrop of the US 30-year yield spiking to 5% a couple of days back sends a feeling of disquiet in financial markets. This may not create any near-term impact but is bound to have some medium- to long-term consequences. Investors have to exercise caution," he further added. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
The Hindu
20-05-2025
- Business
- The Hindu
Markets rebound in early trade tracking firm global trends
Equity Benchmark indices Sensex and Nifty rebounded in early trade on Tuesday (May 20, 2025) after two days of decline amid firm trends in global markets and buying in IT stocks. The 30-share BSE benchmark gauge Sensex climbed 191 points to 82,250.42 in early trade after a positive beginning. The NSE Nifty went up by 64.9 points to 25,010.35. From the Sensex firms, Tata Steel, Infosys, Tech Mahindra, ITC, Tata Consultancy Services, Axis Bank, IndusInd Bank and Asian Paints were among the biggest gainers. Power Grid, HDFC Bank, Bajaj Finance, Reliance Industries, Titan and Nestle were among the laggards. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory. U.S. markets ended higher on Monday (May 19, 2025). Global oil benchmark Brent crude dipped 0.06% to $65.50 a barrel. "In the near-term the market is likely to move to a consolidation phase. The high valuations will put a cap on the upside with institutional selling emerging on upside. This was evident from the institutional activity on Monday, when both FIIs and DIIs [Domestic Institutional Investors] emerged sellers, though marginally," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said. Foreign Institutional Investors (FIIs) offloaded equities worth ₹525.95 crore on Monday (May 19, 2025), according to exchange data. On Monday (May 19, 2025), the 30-share BSE barometer Sensex declined 271.17 points or 0.33% to settle at 82,059.42. The Nifty dipped 74.35 points or 0.30% to 24,945.45.
