The Indian market closed flat with a slight negative bias on Friday, with the Sensex and the Nifty swinging between red and green as investors booked profits near record levels and assessed expectations of potential interest rate cuts in both the U.S. and India, alongside incoming domestic growth signals. The S&P BSE Sensex inched down … Read more
The Nifty50 index soared to a new all-time high of 26,310.45 in Thursday’s trading session, buoyed by strong buying interest across heavyweights in financials, IT, infrastructure, and consumption-linked stocks. The broad-based optimism in the market was reflected in the positive performance of 24 of the 50 index constituents, with several frontline stocks delivering solid percentage … Read more
Mumbai: Share of Bajaj Finance and its parent Bajaj Finserv tumbled on Tuesday as the lender’s guidance signalling a slowdown in loan demand overshadowed an otherwise strong second-quarter performance. Bajaj Finance’s shares fell 7% to close at ₹1,009.10, while Bajaj Finserv slid 5.9% to end at ₹1,992.9. Benchmark Nifty, however, rose 0.5%. “Although the results … Read more
The National Stock Exchange of India (NSE) said on Tuesday that its electricity futures contracts are fast emerging as a benchmark reference for price discovery in the country’s power market, underscoring the growing maturity and integration of India’s energy trading ecosystem. NSE said that in a recent reverse auction conducted by a major utility for … Read more
Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or … Read more
Indian equities may extend their upward momentum next week, with Nifty heading towards 25,300 and Bank Nifty likely attempting 55,200, said Rajesh Palviya, Senior VP – Technical and Derivatives Research at Axis Securities. “Nifty managed to give a breakout of the falling trend line on the daily chart and comfortably holding above all its near-term, … Read more
“The narrative has flipped overnight — from ‘sell emerging markets’ to ‘India is the safest haven amid global uncertainty’, which shows how quickly narratives can change,” says Kranthi Bathini, Equity Strategist at WealthMills Securities, commenting on the current market scenario. EXCERPTS Let’s start with Tata Technologies. The stock fell over 6% today after TPG Rise … Read more
Pointing out that FII outflows in the last 6 months and the resultant valuation correction offer comfort to global investors, Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC, says the growth differential between India and other larger economies should increase. “So Indian equity should outperform from here on compared to US or China … Read more
In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on April 17, suggesting bullishness in counters, according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a … Read more
Mumbai: Bajaj Finserv is gearing up to unlock value in its insurance businesses by exploring public listings after buying out Allianz in the nearly a quarter-century-old joint venture that ran both general and life insurance entities, sources told ET. “In the plan submitted to the regulator about the IPO, Bajaj had conveyed that it will … Read more