NIFTY MEDIA
Nifty continues record run, scales 24,650 mark; Sensex rises 100 points
Indian indices rose 0.12%, with Sensex gaining 97 points and Nifty 50 reaching a new July record, up 29 points at 9:22 am, trading at 24,615. Nifty rose in 8 out of 12 July sessions. Bharti Airtel, Adani Ports, Tata Steel, and Bajaj Finserv led gains, while HCL Tech, L&T, Tata Motors, and Nestle India saw losses.
SBI, NTPC catapult Sensex, Nifty to historic highs; investors reap Rs 2.7 lakh crore reward
The 30-share benchmark index jumped 145 points to settle at 80,665. The broader NSE Nifty gained 84 points to strengthen its hold above 24,580. From the Sensex pack, SBI, NTPC, and UltraTech Cement were the top gainers, rising 2-2.5%. M&M, Bajaj Finance, Tata Motors, and Maruti Suzuki also closed with gains
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
As the nifty and sensex continue to touch new highs with just minor corrective mode, it is bulls who are in control of every corner of the street. In such conditions, the decision to hold the current stocks is probably an easy one. The more difficult decision is which sectors and stocks which one should look at if one is investing fresh money at this point of time. For that rather look at what is happening to stock prices, look at what is happening in the underlying business. Because finally it is the real business which matters and in a bullish market sectors which are witnessing real positive change are likely to perform better. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 30%
After a minor correction due to fears that changes in stocks which will be accepted collaterals, markets are once again on roll. This time the upward movement has been led by IT stock. When it comes to nifty and sensex, it is dominated by IT and financial services. So as the financial services stocks take a breather, a sectoral turn is taking place and the nifty is moving upward. Now because IT stocks have come into focus after a gap of two years, it needs to be watched how much they are able to push the market. While the party continues on the street, it would be better for investors to focus on what is happening to the individual stocks they own and how the operating matrix of that sector is shaping up. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
TCS Q1 beat fuels market rally, lifts Sensex, Nifty and m-cap to new records
The market capitalization of all BSE-listed companies reached a record high, increasing by Rs 1.18 lakh crore to Rs 452.36 lakh crore. TCS, India's leading IT services company, saw a 6.7% rise after surpassing revenue expectations. This surge contributed to a 4.25% increase in the US rate-sensitive IT index.
IT stocks surge up to 6% led by midcap counter Mphasis as TCS Q1 cheers D-Street
Indian IT stocks surged due to TCS's robust June quarter earnings. The Nifty IT index rose 3.7%. Infosys and TCS led gains with Rs 62,613 crore revenue and Rs 12,040 crore net profit. MphasiS had notable intraday gains, while HCL Technologies showed growth. TCS forecasts better FY25 performance.
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TCS, Infy power D-Street to fresh record highs! Sensex soars 900 points, Nifty tops 24,500 for the first time
Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty closed unchanged on Thursday, but its price action formed an Inside Bar pattern, signaling potential volatility. This pattern, combined with the index finding support at the 10-day exponential moving average (EMA) after two sessions, suggests a short-term upward trend, according to technical analysts.
Profit-booking blues: Sensex, Nifty end flat despite early gains, but investors reap Rs 1.21 lakh crore
After an initial surge, the BSE Sensex retreated, closing marginally lower by 0.03% at 79,897.34, dragged down by selling pressure on major stocks. The NSE Nifty also experienced a similar trajectory, ending the day with a slight dip of 0.03% at 24,315.95, following a volatile trading session.
Sensex, Nifty rise at open tracking positive cues from Asian peers
By 9:17 am, Indian benchmark indices saw gains with Sensex at 78,129 and Nifty50 at 24,384. Market rises were led by TCS, ICICI Bank, Infosys, Tata Steel, Titan, SBI, and HCL Tech. In contrast, HDFC Bank, Ultratech Cement, Power Grid, M&M, and Nestle India experienced declines. TCS is set to report June-quarter earnings today.
Sensex ends over 400 points lower, smallcaps worst hit. 5 factors brought the bears out
Stock Market Crash: Sensex plunged over 800 points intraday on Wednesday, with Nifty dropping over 1%, shaking retail investors accustomed to daily gains but recovered half of the losses towards the end of the day. Smallcap and midcap indices saw their worst day in over a month. M&M led Nifty's decline with a 7% drop amid concerns over XUV700 price cuts signaling weaker car demand.
M&M, bank stocks halt D-Street's record run! Sensex tanks 800 points, Nifty below 24,200
Indian indices hit highs due to Maruti Suzuki but fell after Powell's US Congress remarks, affecting M&M, Axis, and HDFC Bank. Nifty Bank fell; crude oil prices impacted. FIIs bought Rs 314 crore in equities. Delta Corp dropped; RVNL rose. SIP inflows and Asian markets offered a broader context.
Q1 result season begins: 30 companies may report over 100% growth in profit
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
The underlying bias is changing after three years of painful readjustment: These IT stocks can 16 to 38% returns in one year
While it might still not be making it to the headline, there has been a clear change in the stance for IT stocks post election results. After a long phase of underperformance the stocks are making a comeback. Because at this point of time, no one is able to assign any reason why this is happening, so there is no narrative on the street. The fact is that price action precedes the narrative. One bit of positive commentary on Q1 results and there will be no dearth of narratives. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Sensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed
Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.
Mundane Monday: Sensex, Nifty settle on flat note in muted trade
Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and Oil & Gas closed higher. Among individual stocks, PC Jeweller surged to lock in the 10% upper circuit after receiving approval from Punjab National Bank (PNB) for a one-time settlement of its outstanding dues.
Nifty gains continue amid narrowing trading range and low volatility
The markets continued with their unabated upmove in the week that went by and ended once again with net gains. While continuing with the advance the Nifty 50 Index extended its move higher. However, as compared to the previous week, this time, the trading range got narrower as the Index oscillated 408.30 points against 824 points.
Sensex, Nifty end flat after scaling fresh highs; HDFC Bank plays spoilsport
The Nifty breadth was skewed in the favour of the bears, with 27 stocks ending in the red, while 23 ended in positive territory. Top gainers at the close included Tata Motors, HCL Technologies, ICICI Bank, Sun Pharmaceuticals, and Tata Consultancy Services (TCS).
HDFC Bank leads financial sector rally, powering D-Street to all-time highs
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Sensex, Nifty end with minor losses amid selling pressure in banks, auto stocks
The 30-stock S&P BSE Sensex ended the day at 79,441.45, dropping 35 points or 0.04% while the broader Nifty closed at 24,123.85, settling 18.10 points or 0.07% lower. Of the 16 sectoral indices on the NSE, 11 closed in the red while the remaining 5 ended in the green.
Nifty bulls await directional move, auto stocks in focus
Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.
F&O Rollover: FIIs bullish on index in July series with net longs; what's in store for Nifty?
Nifty futures rollovers hit 76% at June series end, exceeding the previous three-series average of 69%. The July series kicks off with a higher open interest base of Rs 36,400 crore. Roll cost for Nifty settled at 40 bps on expiry day, down from the previous day's 52-54 bps.
Dalal Street Week Ahead: Guard profits at higher levels, rotate investments in fatigued market
D-Street showed marginal gains in a shortened trading week. However, signs of fatigue and potential correction are emerging. Key resistance levels are identified, and experts recommend caution and profit booking at higher levels.
NSE launches Nifty India Tourism Index. Check top stock constituents
NSE’s index services subsidiary, NSE Indices has launched a new thematic index called Nifty India Tourism which will track the performance of stocks in Nifty 500 index representing the travel and tourism theme.
Nifty bull case target at 27,100, says Prabudas Lilladher. Bets on Reliance, ITC
Domestic brokerage firm Prabhudas Lilladher said that it values Nifty at 5% premium to 15-year average PE 20.2x to arrive at bull case target of 27,102 as it showed conviction on large cap firms like ITC, RIL, HDFC Bank among others.
Sensex declines 200 pts, Nifty below 23,400 on losses in banking & IT stocks
Sensex and Nifty50 traded lower on Friday, dragged down by banking and IT stocks after hitting record highs. BSE Sensex was down 198 points at 76,611, while Nifty50 traded at 23,354.
Nifty hits all-time high, Fed meet weighs on Street
Indian markets remained steady despite FPIs' absence. VIX fell by 86% post-election results, indicating reduced risk perception.
What India VIX's jump to 24 level means for the markets
India VIX surged 91% in May 2024 amid anticipation of election results. Understanding its value at 24, it implies a Nifty 50 fluctuation range of 6.93% monthly.
Daily Stock Tips: How 100 fraudsters tricked 200 investors through Telegram, Instagram, and WhatsApp
Investment scams on social media platforms lure victims with promises of high returns. Delhi Police have arrested over 100 fraudsters employing sophisticated tactics. Scammers pose as representatives of reputed firms, offering free stock recommendations and making unrealistic promises. Victims, often homemakers and retirees, fall prey to pressure tactics, losing their hard-earned money.
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