Latest news with #andMarket
India Gazette
5 hours ago
- Business
- India Gazette
Nifty, Sensex open higher; investors await outcome of US-China trade talks
New Delhi [India], June 10 (ANI): Indian stock markets continued their upward trend on Tuesday morning, with benchmark indices opening in the green. However, market participants appear to be in a 'wait and watch' mode ahead of the outcome of the US-China trade talks in London. The Nifty 50 index opened at 25,196.05, gaining 92.85 points or 0.37 per cent, while the BSE Sensex opened higher by 198.52 points or 0.24 per cent at 82,643.73. Market experts attributed the gains to strong buying in rate-sensitive sectors, especially financial stocks, and pointed out that key indicators suggest further upside in the coming sessions. Ajay Bagga, Banking and Market Expert, told ANI, 'Indian markets rose led by rate-sensitive sectors, especially financials. Futures this morning are treading water like the rest of the global stock markets, waiting for US-China talks outcome. However, key indicators on shorter time frames are pointing to a further advance in Indian indices in the coming days. But for the sharp selling by promoters, the renewed flow of IPOs and the cashing out by PEs, leading to supply of over USD 6.5 billion over the last 7 weeks, Indian markets would have been even higher.' Among other indices, Nifty Next 50 opened with gains of 0.4 per cent, while Bank Nifty rose by 0.27 per cent. In the broader markets, Nifty Midcap advanced 0.39 per cent, and Nifty Small Cap gained 0.5 per cent in early trade. Sector-wise, most indices on the NSE traded with positive bias. Nifty Media led the gains by surging 0.87 per cent. Nifty IT rose 0.54 per cent, Nifty Metal gained 0.48 per cent, Nifty Auto was up by 0.39 per cent, while Nifty FMCG and Nifty Pharma each added 0.27 per cent. Among the top gainers in the Nifty 50 at the opening bell were Grasim, Ultratech Cement, Shriram Finance, and BEL. On the other hand, Eternal and HDFC Bank were among the top losers. Experts believe that market sentiment remains optimistic, with large amounts of liquidity waiting on the sidelines. Any positive outcome from the ongoing US-China trade talks is likely to drive a sharp rally in global markets. A durable agreement between the two largest economies could not only ease existing tariffs but also set a more stable outlook for trade policies worldwide. Akshay Chinchalkar, Head of Research at Axis Securities, said, 'Technically speaking, whether it's a pennant or a rectangle that the market is breaking out of, the implications are bullish with an objective of 25800. 25200 is important on the upside and as long as bears are unable to force the index below 24800, bulls clearly have the upper hand.' Meanwhile, other major Asian markets were also trading in the green. Japan's Nikkei 225 was up by 1 per cent, the Hang Seng index gained 0.25 per cent, Taiwan's Weighted index rallied more than 2 per cent, and South Korea's KOSPI surged 0.75 per cent. Overall, Indian markets are expected to remain positive, but all eyes are now on the outcome of the high-level US-China trade talks, which could set the tone for global equity markets in the coming weeks. (ANI)
India Gazette
30-05-2025
- Business
- India Gazette
Nifty, Sensext in pressure as US Federal court gives interim go ahead on Trump tariffs till Higher Court decides
Mumbai (Maharashtra) [India], May 30 (ANI): Indian stock markets opened flat in the red on Friday, as global concerns once again pressured investor sentiment. The recent decision by the US Federal Appeals Court to allow the Trump administration to continue with its tariff policy till a higher court decides has impacted market mood across the globe. Investors are now awaiting further clarity from higher courts, which will take a final call on the legal challenges against these tariffs. At the opening bell, the benchmark Nifty 50 index slipped by 21.00 points or 0.08 per cent to 24,812.60. Similarly, the BSE Sensex began the day with a decline of 167.33 points or 0.20 per cent at 81,465.69. The weakness in the Indian markets mirrors the overall negative trend in major Asian indices, and analysts believe the sentiment will remain cautious until there is clarity on the tariff situation. Ajay Bagga, Banking and Market Expert, told ANI, 'US markets gave up gains and Asian markets are down this morning on the back of this uncertainty. Indian markets saw volatility reducing despite it being an expiry day. Stronger inflows, expectations of a good India GDP number later this evening and resilient domestic flows are making the outlook for the Indian markets optimistic, though the US policy chaos is an overhang on all risk markets for now. Hopefully, clarity will emerge by July on the tariff front and markets will start positioning for that in June itself'. On the sectoral front, pressure was seen across all major NSE sectoral indices, except the Nifty PSU Bank index, which opened in green. The highest selling was seen in Nifty IT, which declined by 0.9 per cent. Other sectors like Nifty Pharma, Nifty Metal, and Nifty FMCG also remained in the red, although the losses were limited and the indices stayed mostly flat. Broader market indices presented a mixed picture. While Nifty Small Cap and Nifty Midcap indices were trading in the green, the Nifty 100 also opened in red, mirroring the cautious tone of the benchmarks. Global markets also showed signs of stress. Japan's Nikkei 225 was down over 1.4 per cent, Hong Kong's Hang Seng declined by 1.47 per cent, and South Korea's KOSPI index dropped by 0.61 per cent. Almost all major Asian markets were in negative territory, largely reacting to the same tariff-related concerns and uncertain global economic outlook. As the day progresses, all eyes will be on the domestic GDP data to see if it can help lift market sentiment, at least in the short term. (ANI)
The Print
12-05-2025
- Business
- The Print
Nifty, Sensex open over 2% higher as India-Pakistan tensions ease
Experts noted that despite the hostile environment caused by the recent conflict, Indian markets demonstrated remarkable resilience. With the situation at the borders stabilizing, investors returned to equities, driving a strong rally supported by robust inflows. The benchmark Nifty 50 index opened at 24,420.10, registering a gain of 412.10 points or a 1.72 per cent surge. The BSE Sensex also reflected the bullish trend, rising by around 1300 points to open at 80,754.37, a gain of 1.64 per cent. Mumbai: Indian stock markets witnessed a sharp rally on Monday morning as investor sentiment turned positive following easing tensions between India and Pakistan. Both countries on Saturday reached an understanding on cessation of hostilities, leading to a boost in market confidence. Ajay Bagga Banking and Market Expert told ANI 'Indian futures are pointing to a sharp 2 per cent up-move, as all the losses due to the India Pak kinetic conflict are made up on the back of the cessation of active hostilities in the region. Indian markets weathered the turbulence quite well and are set to recover smartly today. He further added 'Overall, tourism in North India is the biggest impacted sector with mass cancellations in the peak summer holidays season impacting important tourist hubs. Defence stocks should see buying interest with fresh orders expected. Sentiment remains fragile geopolitically, but the resilience of the Indian markets point to a potential strong rally in the near future, with both FPIs and DIIs staying buyers'. Sectoral indices reflected widespread buying interest. Except for the pharma segment, all other sectors opened in the green. Nifty PSU Bank index jumped over 3 per cent, indicating strong interest in public sector lenders. Nifty Auto gained 2.25 per cent, while Nifty IT rose 2.16 per cent. Nifty Realty led the gains, surging by more than 4 per cent in early trade. On the global front, cues remained favorable. The US and China described their trade talks in Geneva over the weekend as both productive and positive, further lifting market morale. Asian markets also opened higher on hopes of a US-China trade agreement. Meanwhile, gold prices dropped by over 2 per cent, while oil prices and the US dollar moved higher. US futures indicated an expected gain of over 1 per cent for Wall Street later in the day. However, pharma shares may face headwinds as US President Donald Trump is expected to sign an executive order aimed at reducing the prices of prescription drugs and pharmaceuticals in the US. Trump will also begin his Middle East tour on Tuesday, with expectations of key announcements related to energy, nuclear, defense procurement, and other strategic deals. (ANI) Disclaimer: This report is auto generated from the ANI news service. ThePrint holds no responsibility for its content.
