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Rs 8L cr richer! Sensex zooms 1,100 pts, Nifty tops 24K. US-Iran truce among 5 drivers behind bull run
Indian equities experienced a robust start to the week, with the Sensex and Nifty surging over 1.5% each. This rally was fueled by an Iran-US peace framework and declining oil prices, mirroring positive global market trends. The significant gains boosted the total market capitalization of BSE-listed companies by nearly Rs 8 lakh crore.
Indian stocks, rupee rally as crude oil prices drop on West Asia peace deal announcement - The Indian Express
Indian stocks, rupee rally as crude oil prices drop on West Asia peace deal announcementThe Indian ExpressSensex Today | Stock Market Live: Sensex off day's high, still up over 850 points, Nifty at 23,900; auto, realty stocks lead rallyMoneycontrol.comIndian shares join global rally on Gulf peace dealReuters
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
Nifty, Sensex to rally more on Monday? Iran peace deal among 5 factors to dictate Dalal Street this week
Indian benchmark indices rebounded sharply on Friday, with the Sensex and Nifty rising nearly 2%, driven by hopes of a US-Iran peace deal, cooling crude oil prices, and stronger global sentiment. The rally added around Rs 10 lakh crore to investors' wealth, taking the total market capitalisation of BSE-listed firms to Rs 462 lakh crore.
INR surges amid sharp pull back in oil prices; Sensex and Nifty jump by around 2%
The Indian rupee surged 67 paise to close at 95.18 (provisional) against the greenback on Friday as global oil prices fell sharply after US President Donald Trump indicated an imminent deal with Iran. A firm trend in domestic equity markets and a weaker American currency also supported the rupee during the day. Indian shares closed Friday's session on a buoyant note in a broad-based rally, with both frontline and broader market indexes posting sharp gains. The BSE Sensex settled at 75,527.95, surging 1,695.40 points (2.30%), and the NSE Nifty50 ended at 23,622.90, climbing 461.30 points (1.99%). Trump has reportedly said a deal to end the war with Iran is nearly complete, and is expected to be signed over the weekend in Europe, as he called off military strikes on the Islamic Republic hours after threatening to take control of its oil industry.
Indian Stock Market Today: Sensex Surges 877 Points, Nifty Reclaims 23,400 As Dalal Street Rallies On Strong Global Cues - The Sunday Guardian
Indian Stock Market Today: Sensex Surges 877 Points, Nifty Reclaims 23,400 As Dalal Street Rallies On Strong Global CuesThe Sunday Guardian
Stock Market LIVE: Sensex jumps 700, Nifty above 23,350; IndiGo, Eternal lead; realty index up 2%
Sensex Today | Stock Market LIVE Updates Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 1.38 per cent and 1.61 per cent higher, respectively
Stock market today: Gift Nifty hints gap-up start; US-Iran peace deal to global markets rally - 7 stocks to buy - Mint
Stock market today: Gift Nifty hints gap-up start; US-Iran peace deal to global markets rally - 7 stocks to buyMint
Ecommerce isn't adding much to Retail Inc's cart
An ET analysis of eight major retailers-market leader Reliance Retail, Shoppers Stop, Westside, Arvind Fashions, DMart, Spencer's Retail, Pantaloons and Bata-showed that the contribution of e-commerce to overall revenue has seen minuscule improvement since 2021-22 even as online sales continue to increase in absolute terms. By contrast, the Covid-19 pandemic spurred explosive growth, with the share of digital sales in total revenue surging three to four times in 2020-21 and 2021-22.
Citi cuts Nifty target to 26,000 on El Nino, AI risks, picks one stock
Citi Research lowered its Nifty target due to rising earnings risks linked to geopolitical tensions and other macro concerns. However, it remains constructive on India’s medium-term outlook, citing low foreign investor ownership, resilient domestic inflows and potential gains if global conditions improve.
Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks
Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.
Citi Cuts Nifty Target To 26,000 From 27,000, Cites West Asia Conflict And FII Outflows
In its latest note, Citi also noted that India's allocation in Global Emerging Market funds is currently at a five-year low, while FII underweight on India remains close to its highest level in 20 years