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GIFT Nifty tumbles over 150 points as global sell-off in AI stocks rattles sentiment
GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets, even as analysts maintain a positive near-term outlook for Nifty above key support levels.
HDFC Mutual Fund buys additional 10 lakh shares of Global Health for Rs 130 crore
HDFC Mutual Fund has secured an additional 10 lakh shares of Global Health, which is known for operating Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore. This acquisition builds on a prior purchase made last month. The transaction accounts for a 0.37% stake in the company. In related news, Global Health has reported an impressive 39.7% increase in its fourth-quarter profit after tax, totaling Rs 141.7 crore.
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Market Opens Higher: Sensex Climbs Over 450 Points, Nifty Tops 24,150 On Global Cues, Lower Crude; Auto, Re - News18
Market Opens Higher: Sensex Climbs Over 450 Points, Nifty Tops 24,150 On Global Cues, Lower Crude; Auto, ReNews18
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, supportive global cues and optimism over India-US trade talks. Analysts highlight key technical levels for Nifty, while stock-specific action was seen in banking, IT, infrastructure and midcap counters across NSE trading data.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Sensex and Nifty plunged over 1% on Tuesday amid global market weakness, IT sector losses, a weaker rupee and fresh foreign fund outflows. Investors will track technical levels, global cues, FII activity and key stock movements on Wednesday as markets look for direction after the sharp decline.
INR settles lower amid pessimistic global sentiments
The Indian rupee declined 11 paise to close at 94.74 (provisional) against the US dollar on Tuesday weighed down by a firm greenback and weak domestic markets. However, a decline in global crude oil prices cushioned against a sharper decline in the local unit. At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar and traded in a range of 94.63-94.92 before settling at 94.74 (provisional), down 11 paise from its previous close. Indian stock indices Sensex and the Nifty50 ended notably lower on Tuesday, weighed down by weakness in global markets, FII selling and weak Indian PMI data. Global tech stocks fell amid concerns that AI-driven valuations have become overstretched, triggering heavy selling in the Indian tech space.
Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
Stock market today: Gift Nifty hints muted start; US-Iran peace talks to crude oil prices - 8 stocks to buy
The Indian stock market is expected to open cautiously amid mixed global cues. Sensex and Nifty gained on Monday, driven by optimism over US-Iran peace talks, although Asian markets traded lower. Experts recommend a 'buy on dips' strategy for Nifty as key levels remain critical.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Sensex Today Ends 254 Points Higher | Nifty Above 24,150 | Bharat Elec & Trent Top Gainers - Equitymaster
Sensex Today Ends 254 Points Higher | Nifty Above 24,150 | Bharat Elec & Trent Top GainersEquitymaster
Sensex Today Ends 254 Points Higher | Nifty Above 24,150 | Bharat Elec & Trent Top Gainers - Equitymaster
Sensex Today Ends 254 Points Higher | Nifty Above 24,150 | Bharat Elec & Trent Top GainersEquitymaster