The Indian stock market was thrown into the deep end and wrought with several challenges throughout October as bears tightened their grip on D-Street amid weak global cues and rising volatility. The battles compelled the frontline indices to enter the bear market just a few days ahead of Diwali’24 and the onset of Samvat 2081. … Read more
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50 saw continued selling pressure on Wednesday for the third consecutive day this week, with the bears consistently driving down the indices. Nifty 50 opened at 24,378.15, reflecting a decrease of 93.95 points or 0.38%, while the Sensex opened at 79,921.13, down by 299 points … Read more
The domestic market has been on a downward trend influenced by global pessimism, profit-booking due to elevated valuation, and a shift in FII funds. This month, the global market continues to exhibit mixed signals, led by China’s disinflation, geopolitical tensions, and high inflation data. The Fed is expected to delay its 25 bps rate cut … Read more
The Indian market closed on a lower note for the week on Friday, dragged down by auto and banking stocks. While pharma and metal stocks offered some support, it wasn’t enough to push the indices higher. As a result, the Nifty 50 fell by 0.14%, ending below the 25,000 mark for the third consecutive day … Read more
The stronger impact on the domestic stock market was partly due to our playing on a weak wicket. In the weeks prior, the domestic market had been underperforming relative to other EMs. The underperformance intensified as investors began shifting funds to Asian counterparts like China, trading at significantly lower valuations—10x to 25x forward P/E in … Read more
Indian stock markets moved closer to record highs by the end of last week, supported by mostly favourable cues amid improving global sentiments. In the last week of August, investors will eye upcoming domestic and global macroeconomic data, India’s economic growth numbers, foreign fund inflow, crude oil prices, and global cues. Domestic benchmarks rose for … Read more
The 30-share BSE Sensex tumbled 692.89 points or 0.87 per cent to settle at 78,956.03. During the day, it tanked 759.54 points or 0.95 per cent to 78,889.38. The NSE Nifty slumped 208 points or 0.85 per cent to 24,139. Broader markets were also weak as the Nifty Midcap index was down 0.8 per cent, … Read more
Budget 2024: D-Street veterans and several brokerages have predicted that the upcoming Union Budget 2024 might bring volatility in the Indian stock market after the sentiment has turned bullish since June-end. The return of foreign fund inflows resumed in Indian markets and as investors priced in stability with the Bharatiya Janata Party (BJP)’s return to … Read more
Indian stock market opened July on a spectacular note and achieved its longest winning streak since December 2023 amid the relentless bullish rally powered by the return of foreign funds and investor sentiments stabilising over Modi 3.0 coming to power. Bulls seem to have tightened their grip on Indian markets ahead of Union Budget 2024, … Read more
In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16. The Nifty increased to 23,749.50, up 28.2 points. Subsequently, though, both benchmark indices had volatile trends and fluctuated between highs and lows. Financial Services, IT, Media, and Private Banks were among the sectoral indices at the … Read more