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Bank Nifty rises over 1%, all 14 shares gain as RBI forex swap facility boosts banking stocks
Banking shares led gains on Dalal Street, after the Reserve Bank of India's operational guidelines for its FCNR(B) deposit and external commercial borrowing (ECB) schemes, easing hedging costs and make foreign-currency fund raising more attractive.
Taking Stock: Sensex, Nifty end flat as late selling erases gains; metals lead losses
Sectorally, FMCG and private banking stocks outperformed, whereas all other major indices ended in the red, with media, realty, energy, metal, oil & gas, and PSU bank indices falling 1-2%.
Crude oil surge impact: Auto, metal shares plunge up to 4.5%; Tata Motors PV, M&M, JSW Steel lead losses
Auto stocks also remained under pressure, with all 15 constituents of the Nifty Auto index trading lower.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
Tata Steel, JSW Steel among top Nifty losers; metal index tumbles over 4% as US-Iran war stokes fears
The broader sell-off in metal stocks came even as aluminium prices surged globally amid supply disruption concerns linked to the escalating Iran conflict. Aluminium on the London Metal Exchange rose after Qatar-based producer Qatalum halted production.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
Live: Nifty slips below 24,400 on expiry day; Titan, IT stocks outperform | Closing Bell
Indian markets ended near the day's highs on expiry day, with the Nifty holding above 24,450. Titan and IT stocks led the gains, while realty and metal shares remained under pressure. Sensex and Nifty trimmed most of their intraday gains amid broad-based selling in midcap and smallcap stocks, while India VIX fell over 1.5%. Catch all the key market moves, sector action, and top contributors in Closing Bell.