The index is at its lowest level in five months, mcap of NSE-listed firms falls below $5 trn
The Nifty cracked 1.4% to a low of 22,807.55 on Monday, reaching within striking distance of its 200-week moving average at 22,607. The index last closed below the 200-WMA in June 2020, shows chart.
HDFC Bank remains among the worst-hit Nifty 50 stocks this year, having lost 27 per cent on a year-to-date (YTD) basis.
Brent crude's 11% weekly plunge and a hardening 10-year bond yield weighed on insurance stocks; PB Fintech craters 33% on IRDAI reform fears
Investors will focus on geopolitical developments, crude oil prices, bond yields and macroeconomic data announcements to determine market trends during the holiday-shortened week ahead, analysts said. According to experts, the US-Iran diplomatic talks and crude oil prices will drive global market sentiment. Moreover, the market is likely to remain cautious as crude oil prices, geopolitical developments and global bond yields continue to influence near-term direction, they said. Equity markets would remain closed on Friday for Mahatma Gandhi Jayanti. "Globally, developments around US-Iran diplomacy and crude oil prices will remain critical. Any progress on a framework for reopening the Strait of Hormuz could ease energy prices and provide some relief to India's import bill and the rupee, while renewed geopolitical tensions could keep volatility elevated," Ajit Mishra, SVP Research, Religare Broking, said. On the domestic front, industrial production data for August and the HSBC ..
Acevector IPO price band is set at ₹30 to ₹32 per share, with a minimum lot size of 468 shares. For a retail investor, the minimum investment is ₹14,976 at the upper end of the price band.
Jindal Supreme's IPO was a mix of a fresh issue of ₹100 crore and an offer for sale of ₹25 crore, with a total offer size of ₹125 crore. The IPO price band was set at ₹88-93 per share.
With clear signs of an FY27 earnings revival, a stable INR and an anticipated dovish Fed, make case for an attractive FII entry point, said Anuj Kapoor of JM Financial.
Bogged down by crude oil prices trading above $100, the Nifty 50 index has lost 5 per cent during the six-week selloff, which is also its longest since 2020.
Another issue Bernstein highlighted was the nature of India's large-cap companies, which it believes represents a 'bygone economic era'.
Market investors would track any implications arising from US President Donald Trump signing the Sanctioning Russia and Iran Act, with crude oil and geopolitical developments remaining the key driving trends for equities this week, analysts said. Besides, trading activity of foreign investors and trends in global markets would also be tracked, they added. "Indian equities enter the coming week with crude oil, global bond yields and geopolitical developments likely to remain the main drivers of sentiment. A new source of uncertainty for Indian markets is emerging on the trade front. "US President Donald Trump has signed into law legislation giving his administration expanded powers to impose tariffs of up to 100 per cent on imports from major buyers of Russian oil and gas, with India among the countries potentially exposed given its significant purchases of Russian crude," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. US President Donald Trump signed t
Goldman Sachs argues that if you look beyond the index, there are at least 42 AI enablers that have rallied 60 per cent.
Veegaland Developers share price: Ahead of the stock market debut, Veegaland Developers' IPO GMP was ₹8 or 5.71 per cent.
Stocks to watch today: Navratna defence PSU Bharat Electronics (BEL) has secured additional orders worth ₹648 crore.
In line with expectations, the Fed raised rates by 25 bps, with policy signalling that this cycle will continue.
Manipal Payment's share price listed at ₹330 on the NSE, down 2.6 per cent, and at ₹332 on the BSE, a discount of 2.06 per cent.
Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting
Glass Wall Systems IPO GMP was 21 per cent ahead of the debut, while the stock debuted at just 7 per cent upside over the offer price.
Pranav Constructions IPO GMP: Shares of Pranav Constructions were trading at ₹169 in the unofficial market ahead of stock market debut.
The US Fed interest rate decision, domestic inflation data, crude oil prices and development in West Asia would be the major drivers for stock market movement in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Monday for Ganesh Chaturthi. "Globally, developments in the US-Iran conflict and movement in Brent crude will remain critical market drivers. This week will be dominated by the US Federal Reserve's monetary policy decision and commentary on the future path of interest rates," Ajit Mishra, SVP of Research at Religare Broking, said. On the domestic front, August WPI and CPI inflation data, followed by unemployment and balance of trade data, will remain in focus, he said. "The immediate focus will be on US inflation and the Federal Reserve's policy decision. The September 11 inflation report showed headline CPI rising 0.4 per cent month-on-month and holding at 3.4 per cent annually, while core inflation increased 0.3 per cent from the previou