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Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; IndiGo in focus
Sensex Today | Stock Market LIVE Updates: For the bulls, holding on to 23,000 on the downside for the Nifty will be key to preventing the index from declining further to levels of 22,700. On the upside, the index will first aim to cross the 23,250 - 23,300 zone before attempting to retest the 23,500 mark.
Sebi reviews broker net-worth norms, IPO price discovery framework
Market regulator is examining broker capital requirements, IPO auction mechanisms, mutual fund liquidity rules and corporate bond market reforms to improve efficiency
INR dragged lower by negative cues from equities, surging oil and firm dollar overseas
The Indian rupee lost further momentum during the course of the day and is seen settling the day lower by around 40 paise at Rs 95.57 per dollar. Elevated crude oil prices and firm dollar index around 100 mark are seen pressurizing rupee. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at 23,123.00. Also, rupee weakened despite the Indian government introducing a ...
Tata Mutual Fund Curbs Large Inflows Into Gold ETFs Amid Record Surge in Demand
Tata Mutual Fund offers investors two routes to gain exposure to gold ETFs.
Global Capital Is Chasing AI Giants, But India Remains a Stock Picker's Market, Says Hiren Ved
The veteran fund manager noted that while the Nifty has largely moved sideways over the past two years, several stocks have generated substantial returns during the same period.
Quantum Advisors' Nilesh Shetty sees value in private banks and IT; trims exposure to metals
Nilesh Shetty, Portfolio Manager at Quantum Advisors, believes India could benefit if the global AI trade loses momentum, though he does not expect foreign inflows to pick up meaningfully amid concerns over the rupee and geopolitical tensions. The fund remains positive on private sector banks, insurance companies and large-cap pharma stocks, while selectively adding IT services and logistics names. At the same time, it has been trimming metal and commodity exposure after a strong three-year rally, with Shetty seeing better opportunities in IT for patient investors. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Here is the one sector bucking the trend in a weak market; Check out top gainers
Five among the top 10 gainers on the Nifty 500 index are Pharma stocks. They include Pfizer (Up 4.6%), Anthem Biosciences (Up 2.5%), Syngene (Up 2%), Aster DM Healthcare (Up 2%) and Wockhardt (Up 2%).
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades over 350 points lower; Hindalco in focus
Sensex Today | Stock Market LIVE Updates: The Nifty is back at key support levels of 23,300 and last week's low of 23,151 will be the most important to watch on the downside, to prevent the index from collapsing down to levels of 22,800 - 22,700. On the upside, 23,500 remains a hurdle. The Nifty Put-Call Ratio is at 0.83 and it is near levels of 0.65-0.6 when there is generally a bounce in the index.
Tech View: Support at 23,000–23,100 zone remains critical for Nifty Bulls
Nifty is trading range-bound with a bearish bias below 23,500–23,860 resistance, while 23,000–23,100 acts as crucial support. Analysts suggest a move above 23,500 could revive buying, with a breakout above 23,860 strengthening the bullish case. Selling persisted, with RSI showing a bearish crossover and call writers outnumbering put writers.
Retail holding tops FIIs in 118 Nifty 500 stocks since March 2024; who won?
In last two financial years, retail investors increased holding in 118 Nifty 500 stocks where FIIs cut stake; of these 65 stocks trade below March 2024 levels amid tepid market mood, shows data.
Trade Setup for June 8: Nifty still in a narrow range amidst multiple headwinds
According to analysts, the short-term setup remains constructive above 23,550. A move beyond this level could trigger fresh upside momentum.