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GIFT Nifty up 100 points: Sensex, Nifty eye positive start as Crude slips below $110 - financialexpress.com
GIFT Nifty up 100 points: Sensex, Nifty eye positive start as Crude slips below $110financialexpress.com
INR slumps to fresh record lows amid rising oil prices fuelled by ongoing geopolitical tensions
The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar. During the day, the counter hit a low of 96.39. The global market sentiments continue to dampen amid simmering tensions between the US and Iran. Moreover, emerging market economies, including India, continue to feel the pressure of rising crude oil prices, as elevated rates increase the outflows of US dollars, along with the outflows already happening due to FPIs. Meanwhile, Indian shares ended little changed on Monday, after having suffered heavy losses earlier in the session on rising Middle East tensions and economic concerns. The benchmark BSE Sensex rebounded over 1,100 points from the day's lows before closing 77.05 points, or 0.10 percent, higher at 75,315.04.The NSE Nifty index also fell up to 1.3 percent in early trading before recovering to close up 6.45 ...
Markets rebound sharply: Sensex recovers 1,100 points from day’s low, Nifty closes near 23,650
Sensex rose 1,100 points from its day’s low to close at 75,315, and Nifty 50 gained 333 points from its day’s low to end the session at 23,650. At close, Sensex was up 77 points and Nifty was up 6 points from Friday’s closing levels.
Top Gainers & Losers on May 18: Gland Pharma, Coforge, PB Fintech, BSE, Voltas, Bharti Airtel among top gainers
Indian stocks marginally gained on May 18, driven by strong tech buying and pharma support, with Nifty 50 up 0.03% at 23,649 and BSE Sensex at 75,263. However, the broader market faced pressure as Nifty Midcap 100 and Nifty Smallcap 100 fell.
Stock market today: Sensex ends over 1,100 points higher from day's low; Nifty 50 near 23,650 - Mint
Stock market today: Sensex ends over 1,100 points higher from day's low; Nifty 50 near 23,650Mint
Trade Setup for May 18: Nifty likely to consolidate between 23,100-23,900 after volatile week
Nifty started Friday's session on a positive note and extended gains to touch an intraday high of 23,839. However, selling pressure at higher levels dragged the index lower towards the day's low.
Stock Market Today: Sensex up 100 pts, Nifty holds above 23,700; IT leads - Zee Business
Stock Market Today: Sensex up 100 pts, Nifty holds above 23,700; IT leadsZee Business
INR settles around record low level as energy crisis deepen
The Indian rupee weakened further and fell to a record low of 95.73 (provisional) against the US dollar on Thursday, amid a strong dollar and worries over inflation amid elevated energy prices. International oil prices continued to hold around $100 per barrel mark that kept rupee under pressure. The rupee is expected to trade with a negative bias amid inflation concerns and the strength of the US dollar in the overseas market. The West Asia crisis and the blockade of the Strait of Hormuz have disrupted crude petroleum imports into India. Investors also awaited the outcome of U.S. President Donald Trump's summit with Chinese President Xi Jinping in Beijing. However, positive local equities limited losses in the domestic unit to some extent. Indian equity markets settled sharply higher for the second consecutive session, with the Sensex rising 789.74 points (1.06%) to 75,398.72 and the Nifty gaining 277 points (1.18%) to 23,689.60.
Nifty Smallcap 100 on cusp of bull market: Is the rise sustainable amid Middle East war-led risks? - Mint
Nifty Smallcap 100 on cusp of bull market: Is the rise sustainable amid Middle East war-led risks?Mint
Crude@$100+: The Rs 3 lakh crore power boom you might be missing
The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading the surge, while oil marketing companies face losses.
Trade Setup for May 14: Nifty snaps four-day losing streak, but analysts warn of further downside below 23,100
After Tuesday's sharp sell-off, the index opened on a weak note but witnessed a strong intraday recovery during the first half of trade, climbing to a high of 23,582. However, the momentum faded in the latter half of the session as renewed selling pressure erased most of the gains.
Smallcaps rally! IIFL Finance, Hindustan Copper, Meesho, other stocks jump up to 7%
Smallcap stocks, including IIFL Finance, Meesho, and GRSE, surged up to 7% on Wednesday, outperforming benchmark indices. This rally occurred despite broader market caution, with the Nifty Smallcap 100 index showing robust gains. Experts remain optimistic about mid and smallcap earnings, viewing recent corrections as opportunities.