Latest news with #VLAAmbala
Mint
13 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
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
27-05-2025
- Business
- India Today
Stock market opening: Will Sensex, Nifty continue its bull run today?
The stock market is expected to open flat on Tuesday, after strong gains in the previous session. Sensex and Nifty ended higher, helped by positive domestic news and signs of easing trade tensions between the United States and the European Union on Nifty futures were trading at 25,027.5 around 8:08 am, which points to a flat opening for Nifty, close to its Monday closing level of 25, expert VLA Ambala, Co-Founder of Stock Market Today, said, 'If there is a gap-up opening today, the 25,000 mark will serve as a benchmark for setting a new trend. In that circumstance, Nifty can gain support between 24,870 and 25,000 and meet resistance near 25,180 and 25,300 in the next intraday trading session.'GLOBAL CUES REMAIN MIXEDAcross Asia, market movements were mixed in early trade. The MSCI Asia ex-Japan index slipped 0.2%, after staying largely steady on Monday. This came after U.S. President Donald Trump delayed the start of tariffs on European Union goods to June 1, giving negotiators more time. A new deadline has been set for July EU said this delay would help trade talks move forward. Meanwhile, U.S. markets remained closed on Monday due to a holiday. Other global stock markets saw mild SIGNS FROM INDIABack in India, investors are feeling more confident due to early monsoon rains and the Reserve Bank of India's dividend payout to the central government. However, the dividend amount was lower than what some analysts had the market mood remained upbeat, with both foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) buying stocks on Monday. FPIs purchased shares worth Rs 135.98 crore, based on provisional exchange said that, judging by the current momentum, the market sentiment appears bullish, and sectors like metal, media, and IT could remain in focus as a number of stocks remain in focus today. "The US monthly rate cut update is due this week, and the awaited news is expected to influence market sentiment. Regardless, India remains resilient in current conditions. So, if the US Fed decides to cut rates, the impact on our markets may not be significant. Hence, market participants can maintain a strong, bullish, and overweight view on the market," she added. advertisement(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
India Today
26-05-2025
- Business
- India Today
Stock market today: Will Sensex, Nifty open higher on May 26?
The stock market is expected to open slightly higher on Monday, May 26. This comes after US President Donald Trump decided to delay the deadline for trade talks with the European Union, which has reduced some of the recent pressure on global Nifty futures were trading at 24,935.5 around 8:09 am, which is above Friday's closing level of 24,853.15 for Nifty50. This suggests that Nifty may open in the green, with modest gains expected at the start of the LEVELS TO WATCHMarket experts believe Nifty may continue to trade in a narrow range, with some key support and resistance levels in focus as numerous stocks remain in focus today. VLA Ambala, Co-Founder of Stock Market Today, said, "Nifty is expected to find support around 24,750 and 24,660, while resistance levels can be seen near 24,960 and 25,050."US-EU TRADE TALKS BOOST GLOBAL MOODThe global mood improved after US President Donald Trump chose not to go ahead immediately with a 50% tariff on imports from the European Union. He has extended the deadline for trade negotiations until July 9. This step came after the EU requested more time to work towards a better trade deal. The delay in tariff action has helped reduce short-term tension in global this decision, other Asian markets opened slightly higher. The MSCI Asia ex-Japan index rose 0.2%. Oil prices also inched up due to a more positive outlook for fuel demand. The easing of trade worries is being seen as a helpful factor in maintaining market early April, the Nifty 50 has gone up by 5.7%. This rise has been supported by foreign investor buying, better earnings from listed companies, and expectations that India will remain less affected by US tariffs. Even with this rise, the index is still 5.4% below its all-time high from September 27, portfolio investors continued to support the market on Friday, buying equities worth Rs 1,794.59 crore. This shows strong confidence from overseas Ambala added, "Given the current market sentiments, mid and long-term market participants are advised to grab this buying opportunity during any dips ranging from 3% to 10%."FOCUS ON DOMESTIC DATA AHEADWhile global news is driving sentiment today, local data will also be important in the coming days. Investors will closely watch India's GDP figures for the January-March quarter, which will be released on May Reserve Bank of India's policy meeting on June 6 is also a key event. If there are signs of a stronger economy or possible support from the central bank, it could help further improve market 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
