As a strategy, we prefer domestic-focused sectors like BFSI, Consumption, Industrials, Healthcare, and Telecom, says Gautam Sinha Roy, equity & fund manager at ICICI Prudential Life Insurance.
Why are markets rising today? On the NSE, the Nifty index soared 450 points or 1.8 per cent to the day's high of 25,116
In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.
FIIs net sold stocks and futures worth ₹6,668.28 crore on Tuesday. Open positions declined by 15%, and long-short ratio in index futures dropped to 0.6 in last three trading days, shows NSE F&O data.
At 6:40 AM, GIFT Nifty futures were trading 90 points higher at 24,730 level, indicating a higher start.
The uptick in Power Mech Projects share price came after the company announced that it has secured an order of ₹971.98 crore, excluding GST, from Telangana Power Generation Corporation Limited.
Chalet Hotels' consolidated profit after tax (PAT) zoomed 50 per cent year-on-year (Y-o-Y) to ₹123.9 crore in the March quarter of financial year 2025 (Q4FY25), from ₹82.4 crore in Q4FY24
KIMS profit after tax (PAT) zoomed 47.2 per cent year-on-year (Y-o-Y) to ₹106 crore in Q4FY25, as against ₹72 crore in Q4FY24.
In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
Shah suggests investors stick to the basics and focus on quality stocks that are available at reasonable valuations. Look at stocks with good float.
Sensex Today | Stock Market Close Highlights, May 9, 2025: The Nifty Midcap 100 settled flat with negative bias and Nifty Smallcap 100 was down 0.61 per cent down at close
Earnings at over half of the companies in the benchmark Nifty 50 Index that have reported results for the quarter ended March have exceeded analyst estimates
Given the sensitivity of the overall environment, some entirely "precautionary" steps have been taken by exchanges
Historically, Indian equity markets have typically reacted sharply to geopolitical tensions in the short-term as a knee-jerk, but recovered quickly once uncertainties subsided
India Pakistan News: While the Sensex and Nifty stayed rangebound today, Pakistan Stock Exchange crashed nearly 6 per cent after Operation Sindoor
Stock Market Highlights: Among the broader baskets, Nifty Midcap100 and Nifty Smallcap100 indices settled lower by 0.78 and 0.04 per cent on Friday.
With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India
Overseas investors turned net buyers in mid-April, drawn to the nation as a relative haven from tariff uncertainty
Why are stock markets rising today: Reliance Industries, Sun Pharmaceuticals, Tata Steel, ICICI Bank, Axis Bank, IndusInd Bank, Tata Motors, L&T, SBI, Adani Ports, M&M, & Power Grid jumped up to 5%