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Nifty ends near 23,900 amid profit booking and global uncertainty
The S&P BSE Sensex slipped 479.25 points or 0.63% to 76,009.70. The Nifty 50 index fell 118 points or 0.49% to 23,913.70. In the past two trading sessions, the Sensex and Nifty increased 1.74% and 0.91%, respectively.
Markets may have bottomed out; Nifty could head towards 25,800: Rohit Srivastava
Rohit Srivastava, Founder of Indiacharts & Strike Money, believes Indian markets have likely formed a bottom and could gradually move higher over the next few months, with Nifty potentially heading towards 25,800. He remains bullish on Bank Nifty after a technical breakout and sees strength returning to broader markets through improving liquidity. Srivastava remains cautious on IT stocks despite short-term trading opportunities, while Reliance Industries and select private banks continue to show improving trends.Disclaimer: Network18 and TV18, the companies that operate CNBC-TV18, are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Market Wrap: Sensex falls 479 points, Nifty below 23,950 as bank stocks falter; small, midcaps shine
Indian benchmark indices Sensex and Nifty closed significantly lower on Tuesday, impacted by a downturn in banking, oil and gas, and pharma stocks. Investor sentiment shifted following U.S. strikes in southern Iran, reigniting Middle East conflict concerns. Broader markets, however, showed resilience, with midcap and smallcap indices posting gains.
Sensex, Nifty snap two-day winning streak as late selloff erases early gains
The Sensex declined 479 points to close at 76,010, while the Nifty fell 118 points to settle at 23,914, slipping below the 23,950 mark. The Nifty Bank index dropped 201 points to 55,093.
Indices witness profit booking; PSU Bank shares snap 5-day rally
. At 14:25 ST, the barometer index, the S&P BSE Sensex slipped 425.31 points or 0.55% to 76,064.72. The Nifty 50 index fell 97.80 points or 0.40% to 23,933.10.
STT hike, cooling volatility take a bite out of index options volumes
Average daily premium turnover for Nifty and Sensex options over 16 sessions in May was 13% below levels in March, the final month before the 50% STT hike took effect. Trading volumes were also impacted by a fall in volatility amid growing hopes of a US-Iran peace deal.
LTM Ltd drops for fifth straight session
LTM Ltd is quoting at Rs 3990, down 0.04% on the day as on 13:19 IST on the NSE. The stock tumbled 21.88% in last one year as compared to a 3.4% slide in NIFTY and a 22.35% fall in the Nifty IT index.
Colgate-Palmolive (India) Ltd slips for fifth straight session
Colgate-Palmolive (India) Ltd is quoting at Rs 2057.5, down 1.88% on the day as on 13:19 IST on the NSE. The stock tumbled 18.13% in last one year as compared to a 3.4% slide in NIFTY and a 11.34% fall in the Nifty FMCG index.
Britannia Industries Ltd slips for fifth straight session
Britannia Industries Ltd is quoting at Rs 5321, down 0.11% on the day as on 13:19 IST on the NSE. The stock tumbled 3.19% in last one year as compared to a 3.4% slide in NIFTY and a 11.34% fall in the Nifty FMCG index.
Bandhan Bank Ltd spurts 2.35%, gains for third straight session
Bandhan Bank Ltd is quoting at Rs 201.6, up 2.35% on the day as on 12:49 IST on the NSE. The stock is up 19.33% in last one year as compared to a 3.34% drop in NIFTY and a 2.66% drop in the Nifty Private Bank index.
Hindustan Zinc Ltd gains for third consecutive session
Hindustan Zinc Ltd is quoting at Rs 641.3, up 1.07% on the day as on 12:49 IST on the NSE. The stock is up 42.04% in last one year as compared to a 3.34% drop in NIFTY and a 44.84% drop in the Nifty Metal index.
Adani Enterprises Ltd soars 2.95%, up for third straight session
Adani Enterprises Ltd is quoting at Rs 2933.8, up 2.95% on the day as on 12:49 IST on the NSE. The stock is up 19.12% in last one year as compared to a 3.34% fall in NIFTY and a 44.84% fall in the Nifty Metal index.