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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.
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.
Sensex today | Stock Market Highlights: Sensex falls 893 points, Nifty ends lower as IT and metal stocks drag markets - BusinessLine
Sensex today | Stock Market Highlights: Sensex falls 893 points, Nifty ends lower as IT and metal stocks drag marketsBusinessLineClosing Bell: Sensex crashes nearly 900 points, Nifty closes below 23,850; metal, IT stocks lead sell-offMoneycontrol.comTaking Stock: Nifty slips below 23,850, Sensex sheds 893 pts; pharma outperformsMoneycontrol.comWhy is market falling today? Weak global cues among 5 key triggers behind Rs 6 lakh crore D-St routThe Economic TimesStock Market Highlights, Sensex Today: Sensex Drops 893 Points Amid Weak Global Cues, Crude Over $78NDTVSensex drops over 500 points: Why is stock market falling today?India TodayWhy did stock market crash today? BSE Sensex closes almost 900 points down - top reasons for fallThe Times of IndiaSensex Sinks 500 Points, Nifty Slips Below 24,000: 3 Reasons Behind Today's Market Sell-Offnews18.comStock Market Crash News Today Highlights: Nifty Settles Below 23,850, Sensex Drops 890 Points; Metals, IT Top DragsNDTV Profit
INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Dalal Street set for a firm opening as GIFT Nifty trades higher
Indian markets surged on Monday, with the Nifty closing higher, buoyed by positive US-Iran talks, falling crude prices, and strong global sentiment. Value buying in IT stocks and reduced market volatility also contributed to the rally. Analysts anticipate a continued positive outlook for Indian equities, driven by ongoing diplomatic progress and stable energy prices. Investors are advised to watch key technical levels as volatility may persist.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equities ended lower on Friday, snapping a five-session winning streak as heavy IT selling and weak global cues weighed on sentiment. Sensex fell 607 points and Nifty dropped below recent highs. Analysts remained cautiously optimistic, favouring a buy-on-dips approach supported by easing volatility and expectations of earnings recovery.
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
BFSI and oil & gas bear the brunt as foreign investors pull funds from India
Global fund managers are dumping Indian banking and oil stocks to chase AI and semiconductor opportunities in the US and East Asia. While India boasts strong loan growth, geopolitical oil volatility and compressed margins have driven foreign investors to look for better returns elsewhere.
Stocks in news: Prime Focus, Groww, GIC RE, Wipro, Nykaa
Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets.
Essar arm secures $500 million crude and product facility from Abu Dhabi's IRH
Essar Energy Transition Fuels has partnered with Abu Dhabi's IRH Global Trading. A $500 million facility will diversify crude sourcing and product marketing for the Stanlow refinery. This agreement enhances feedstock security amid global energy market volatility. It also supports Essar's low-carbon energy ambitions. The deal strengthens supply chains and operational resilience for a key UK refining hub.
Eternal, Sobha among 11 stocks FIIs cut stake for 8 quarters in a row
Shareholding data shows that FIIs reduced equity holdings in 11 stocks from Nifty 500 in every single quarter after March 2024. List includes PNB Housing Finance, Eternal and Cyient among others.
Nifty tops 23,850 as oil slump sparks broad-based rally
The key equity benchmark indices extended gains for a second consecutive session on Monday, supported by a sharp decline in crude oil prices and optimism surrounding a US-Iran peace agreement. Buying was broad-based, with most sectoral indices ending in the green. Investor sentiment was further buoyed by strong global cues, a stronger rupee and easing market volatility. The Nifty settled above the 23,850 mark, led by gains in consumer durables and auto stocks. However, pharma and healthcare shares bucked the trend and closed lower.