Market News

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 opens on firm note; breadth strong

The Nifty traded above the 23,950 mark. All the sectoral indices are traded in green on the NSE with Auto, PSU bank and Oil & gas shares gaining the most.

FTSE index rejig: Tata Capital, Lenskart, Groww, Meesho among additions to global indices

The additions are expected to draw interest from passive global funds and exchange-traded funds benchmarked to FTSE indices.

Nifty May futures trade at premium

HDFC Bank, TCS an Infosys were top traded contracts

INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside

The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.

Sebi may allow third-party payments in mutual funds, ease transaction norms

The proposal marks a departure from current regulations that require that all mutual fund transactions must happen with the investor’s verified bank accounts, to enable maintenance of a digital trail.

Nifty May futures trade at premium

HDFC Bank, Infosys and Reliance Inds were top traded contracts

​​BSE, Wipro among 10 stocks to be added in Nifty Next 50, Nifty in September rejig. Check list

BSE set for Nifty50 hot seat, likely to replace Wipro in September rejig

Axis Capital expects BSE to replace Wipro in the NSE’s semi-annual index rebalancing, with changes likely announced in August and effective from September 30, 2026. Based on partial data, one Nifty 50 change is anticipated along with reshuffles in Nifty Next 50. If included, BSE could see $657 million inflows, while Wipro may face $225 million outflows from index funds.

Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April

Mutual funds aggressively booked profits in April, offloading an estimated Rs 17,000 crore from 10 major stocks like HDFC Bank and Wipro. This strategic sell-off occurred amid concerns over earnings risks, geopolitical uncertainty, and stretched valuations, even as many of these stocks saw significant rallies.

Nifty May futures trade at premium

Tata Motors Passenger Vehicles, HDFC Bank and Infosys were the top traded contracts.

Sensex spurts 902 pts; Nifty trades above 23,700 level

The Nifty traded above the 23,700 level. All sectoral indices on the NSE traded in the green, barring the IT index, which remained under pressure.