MARKET SELLOFF
Hindenburg claims making merely $4 million from $153 billion Adani selloff
Hindenburg admits revenue from Adani shorts, may barely break even. Responds to Sebi's show cause notice, highlights fraud risks, and calls out regulators for neglecting investor protection.
Asia stocks down, yen slump keeps markets on intervention alert
Inflation concerns impact markets worldwide, driving bond yields up and Asian shares down. Currency markets watch as the yen weakens, prompting fears of intervention. Unexpected jumps in inflation in Australia and Canada add to market nerves before the Federal Reserve's upcoming data release.
Ahead of Market: 10 things that will decide D-Street action on Thursday
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
Nvidia short sellers make $5 billion from three-day selloff, data shows
Short sellers have profited significantly from Nvidia's recent decline, with gains peaking at $2.40 billion in a single day, showcasing the impact of market dynamics on the AI chip designer's stock.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The Nifty index has broken through the 23,600 resistance level after consolidating for two weeks, setting a new record high. Analysts remain optimistic, with the next target set at 24,000.
Nvidia rout takes breather, stock rises 3% as traders scour charts for support
Nvidia Corp. shares showed signs of steadying after a $430 billion selloff sent traders searching for signals as to where the bottom may be.
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Nvidia short sellers make $5 billion from three-day selloff, shaws data
Nvidia short sellers have raked in nearly $5 billion in paper profits from the AI chip designer's sharp selloff over the past three sessions, according to data analytics firm Ortex Technologies.
Nvidia sheds $220 billion after short run as top stock
It was a swift reversal from earlier in the week, when Nvidia rallied to overtake its megacap peers and claim the pole position. Traders said there weren’t any fundamental reasons behind the two-day selloff at the end of the week, but it does underscore the breakneck pace at which the stock had climbed — almost 200% in the past year alone — and how that ascent now makes it vulnerable to sudden retreats like this one.
Bitcoin at one-month low in a broad crypto market selloff
Bitcoin touched a one-month low due to outflows from digital-asset investment products and the prospect of higher US borrowing costs, affecting the cryptocurrency market.
Any further correction in India can spur FII flows: Chris Wood
A lot of the recovery has been the high end of the market. So, the key issue for this real estate market right now is that will the recovery broaden out and the other issue is will there be policy measures to promote the more affordable end of the housing market, that seems to me a possibility.
Surprised by today's market rebound; expect near term caution in capex-led themes: Chris Wood
I think it is a bit premature to assume that because you have still got the horse trading. I mean, clearly the base case is that the current government remains in power with coalition partners and that is not a disaster. But the reality is the great virtue of the last 10 years has been clear government, consistent policies, and not having to worry about horse trading between parties, which is always a feature of coalition governments.
Is it time to buy large-cap stocks after yesterday's market drop? Arvind Sanger answers
We invest in companies where we feel promoters' interests are aligned with shareholder interests for long-term value creation and we will have to see in the current coalition government what are going to be the new areas of emphasis and what is going to be the continuity.
From Street darlings to sell-off targets, PSUs feel the heat
PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.
FIIs sell equities worth Rs 12,436 crore; DIIs net sellers at Rs 3,319 crore
It was a sharp contrast to Monday's action where both FIIs and DIIs were net buyers and purchased shares worth Rs 6,851 crore and Rs 1,914 crore, respectively, taking the overall tally to Rs 8,765 crore.
FIIs follow 'sell in May and go away' mantra ahead of election results with Rs 25,600 crore sell-off
In May, foreign institutional investors (FIIs) sold Indian stocks worth Rs 25,600 crore, aligning with the 'Sell in May and go away' adage. Increased net shorts in index futures, outperformance of Chinese stocks, and concerns about high valuations contributed to the sell-off.
GIFT Nifty up 35 points; here's the trading setup for today's session
Tech View: "The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term moving average, the 20 DEMA. A decisive break of the 22,400 level could trigger a further drop to the 22,000-22,150 zone. We suggest aligning trades accordingly and adopting a hedged approach," Ajit Mishra, Senior Vice President, Research at Religare Broking.
Risk-off sentiment brings big selloff in FPI-heavy counters
Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after pulling ₹21,524 crore out of Dalal Street in April. More than 100 stocks where FPIs hold over 5% stake as of March 31, 2024, have declined between 10% and 30% in last one month, compared to a 1.7% fall in benchmark Nifty.
Lok Sabha election or China effect? 4 reasons why Sensex has fallen 2,000 points in May
Dalal Street's fear gauge, India VIX, surged over 60% this month, hitting a 52-week high of 21.49, as Sensex plummeted over 2,000 points. FIIs withdrew Rs 19,000 crore. Sensex fell 800 points today amid election uncertainty but rebounded as voting progressed.
Holding 21,950 can take Nifty to higher supports: Analysts
The current market trend has been showing signs of losing momentum, as evidenced by the sloppy ascent of the rise and the shrinkage of the size of candles. The index has been trading within a range of 21,800 to 22,800 for the past 11 weeks, and it is currently located at the lower band of the rising channel.
D-Street ends volatile trade on a muted note as gains in IT offset by selloff in PSBs
Indian shares ended on a muted note with state-owned banks declining and IT stocks rising on U.S. rate cut expectations. Key indices showed mixed movements, influenced by RBI guidelines and quarterly results. Market experts suggest cautious optimism amid global economic trends.
Not just stocks, FPIs turn net sellers in debt market after a year. What's the stress?
Higher US Treasury yields and the rupee slipping to record lows have led to some position unwinding by foreign investors, who have sold nearly $1.3 billion of government bonds in April.
Banking & financials lift Sensex 599 points higher despite IT selloff
The broader NSE Nifty climbed 151 points or 0.69% to finish at 22,147. Among the Sensex constituents, Bajaj Finance, M&M, HDFC Bank, JSW Steel, and Maruti emerged as the top gainers, registering gains of 2-3%. Infosys, HCL Tech, and TCS closed 0.6% to 1.2% lower, resulting in a 0.4% decline in the IT index.
Iran-Israel war or election jitters? Why FIIs decamped with Rs 20,000 crore in 4 days
FIIs withdrew Rs 20,000 crore during Lok Sabha elections and Q4 earnings amid stress from rising bond yields, Iran-Israel war, and India-Mauritius tax tweak. Impact on oil prices and US Fed rate cuts outlook are also significant factors.
Sugar in baby food not the only issue that is troubling Nestle: Abneesh Roy
Abneesh Roy of Nuvama Institutional Equities discusses Nestle's sugar reduction, lack of sales impact from sugar issue, challenges with cocoa and coffee costs, and suggests Tata Consumer and Britannia over Nestle amidst stock corrections. Roy says, t"his 4% correction and maybe even a 10% correction from the top is not very big to warrant immediate interest from the investors.
US Treasury selloff pauses, though rate cut hopes recede
The selloff has come as investors and the Federal Reserve reevaluate the need for interest rate cuts in the face of resilient economic data and signs of strength in the labor market. In an appearance on Tuesday, Fed Chair Jerome Powell was among several Fed speakers over recent days who have said they would need to see drivers of inflation weaken before cutting rates.
Investors lose Rs 5 lakh crore as Sensex plunges over 800 pts; key factors behind today's selloff
The 30-share BSE benchmark Sensex fell 845 points or 1.14% to settle at 73,399. The broader NSE Nifty dropped 241 points or 1.07% to end at 22,273. Twenty-seven of the S&P BSE Sensex stocks declined.
TCS shares defy market sell-off as target prices rise after Q4 beat. Should you buy?
TCS shares rose up to 1% to the day's high at Rs 4,063 on BSE even as Sensex and Nifty fell around 1%. During the March quarter, TCS reported a 2.2% YoY increase in its revenue at Rs 61,237 crore in constant currency terms, despite ongoing demand weakness
Sensex falls 793 points. Mauritius link and 5 other factors behind the selloff
Sensex and Nifty plummeted as FPIs sold off, influenced by US inflation and tweak in India-Mauritius tax treaty. Investors are also cautious on valuations, profit booking, and rising commodities prices. EPS growth is likely to moderate in Q4 earnings season which begins today with TCS.
India’s equity volumes shrink by almost half amid smallcap rout
The daily cash trading volume has shrunk to $10 billion from a record $19 billion in early February, with recent sessions account for the bulk of the decline, data compiled by Bloomberg show.
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