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Indian share market opens flat, Nifty above 24,600

Indian share market opens flat, Nifty above 24,600

The Indian stock market opened flat on Tuesday as selling was seen in Nifty's auto, energy, private bank and Infra sector in early trade.

At around 9:23 am, Sensex was trading at 81,533.01 after gaining 24.55 points or 0.03 per cent, while the Nifty was trading at 24,633 after rising 14.05 points or 0.06 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,508 stocks were trading in green, while 667 stocks were in red.

Experts said that the market is likely to move in a narrow consolidation pattern in the near-term. There are no major triggers that can push the market into a new bull orbit.

Share market ends lower, Sensex settles at 81,508 pts

Share market ends lower, Sensex settles at 81,508 pts

The Indian stock market closed in red on Monday as selling was seen in the FMCG sector, amid market sentiment being influenced by mixed global cues.

At closing, Sensex settled at 81,508.46 down by 200.66 points, or 0.25 per cent and Nifty ended at 24,619 down by 58.80 points, or 0.24 per cent.

Shares of Hindustan Unilever Limited were down by 4 per cent in early trade. At the end of trading, it fell by more than 3 per cent or Rs 83.15 and closed at Rs 2,401 per share.

Research analyst Vaibhav Vidwani said that market sentiment was influenced by mixed global cues and concerns over potential rate adjustments by the Reserve Bank of India (RBI), following recent policy announcements.

Experts said that the domestic market exhibited a range-bound trade after last week's rally.

Indian share market opens flat, Nifty below 24,700

Indian share market opens flat, Nifty below 24,700

The Indian stock market opened flat on Monday as heavy selling was seen in Nifty's FMCG sector in early trade.

At around 9:27 am, Sensex was trading at 81,748.46 after gaining 39.34 points or 0.05 per cent, while the Nifty was trading at 24,696.10 after rising 18.30 points or 0.07 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,450 stocks were trading in green, while 498 stocks were in red.

According to market experts, the near-term trend of the market is mildly bullish.

“The leadership for the rally which has taken the Nifty up by 3.2 per cent during the last fortnight has come from the leading banks, which are even now fairly valued, and have the potential to take the market forward,” they added.

Over 40 Delhi schools receive bomb threats; students, staff evacuated

Over 40 Delhi schools receive bomb threats; students, staff evacuated

More than 40 schools in Delhi, including DPS RK Puram and GD Goenka School in Paschim Vihar, received bomb threats via email on Monday morning, triggering a swift evacuation of students and staff, according to the authorities.

The threats disrupted the peak morning hours as school buses arrived, parents dropped off children, and staff prepared for the day.

The Delhi Fire Department received the first alert from GD Goenka School at 6:15 a.m., followed by a second call from DPS RK Puram at 7:06 a.m.

Emergency response teams, including bomb detection squads, dog units, and local police, were immediately dispatched to both campuses. A thorough search operation was conducted, and no suspicious objects were found, a police official confirmed.

Strong income growth, domestic capital inflows to help Sensex cross 1 lakh mark

Strong income growth, domestic capital inflows to help Sensex cross 1 lakh mark

The Indian stock market, seen as the best performer in the emerging markets (EMs), crossed the 85,000 mark for the first time in September this year.

Now, multinational investment bank and financial services company Morgan Stanley has forecast that the BSE Sensex may cross the historic 1 lakh level in this bullish scenario by the end of next year.

The global brokerage firm predicted the Sensex may reach the level of 1,05,000 with the support of strong income growth and domestic capital inflows, macroeconomic stability.

When the Sensex crossed the 85,000 mark, economists in the country had also made similar predictions.

On September 24 this year, the Sensex reached 85,044 (record high) for the first time. On the same day, Nifty rose 30 points to 25,969. This index of 50 shares also reached a record level of 25,975.

Indian stock market maintains positive outlook as RBI turns more realistic

Indian stock market maintains positive outlook as RBI turns more realistic

Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday.

FIIs returning to India in expectation of a dovish monetary policy by the Reserve Bank of India (RBI) also supported the sentiment.

“RBI turns more realistic with a revision on its growth forecast for FY25. While boosting liquidity in the financial system by reducing CRR by 50 bps, RBI reiterates that maintaining macroeconomic stability remains crucial,” said Vinod Nair, Head of Research, Geojit Financial Services.

The market closed flat on Friday. Sensex settled at 81,709.12 while Nifty ended at 24,677.80. Nifty is holding steady above the crucial 24,650 support level.

“The primary trend remains positive, as Nifty trades near the upper band of the Donchian Channel, which is trending higher — a signal of potential bullish momentum,” said Om Mehra, Technical Analyst, SAMCO Securities.

RBI lowers GDP growth forecast to 6.6 pc

RBI lowers GDP growth forecast to 6.6 pc

The Reserve Bank has scaled down its forecast for India’s GDP growth for 2024-25 to 6.6 per cent from 7.2 per cent earlier, RBI Governor Shaktikanta Das announced on Friday.

He explained that the decision had been made as the growth in real GDP in the second quarter of this year at 5.4 per cent turned out to be much lower than anticipated.

However, Das said that India’s growth story was intact as “going forward, high-frequency indicators available so far suggest that the slowdown in domestic economic activity bottomed out in the second quarter of this year and it has since recovered aided by strong festive demand and pickup in rural activities.”

"The decline in growth was led by a substantial deceleration in industrial growth from 7.4 per cent in the first quarter to 2.1 per cent in the second quarter due to the subdued performance of manufacturing companies, contraction in mining activity and lower electricity demand."

RBI slashes cash reserve ratio by 0.5 pc to spur growth, leaves repo rate unchanged

RBI slashes cash reserve ratio by 0.5 pc to spur growth, leaves repo rate unchanged

The Reserve Bank of India (RBI) on Friday slashed the cash reserve ratio (CRR) for banks by 0.5 per cent to make more funds available for lending to spur economic growth, but kept the key policy repo rate unchanged at 6.5 per cent with an eye on inflation.

The CRR has been reduced from 4.5 per cent to 4 per cent. This is the first time since March 2020 that the CRR has been cut. The CRR is the proportion of deposits that banks have to set aside as idle cash in the system.

The CRR cut will infuse Rs 1.16 lakh crore into the banking system and bring down market interest rates.

Indian stock market opens flat ahead of RBI MPC decision

Indian stock market opens flat ahead of RBI MPC decision

The Indian stock market opened flat on Friday ahead of the announcement of the RBI’s monetary policy committee (MPC) meeting. The market is keeping a close eye on the decision around repo and CRR rates.

At around 9:23 am, Sensex was trading at 81,775.54 after gaining 9.68 points or 0.01 per cent, while the Nifty was trading at 24,712.35 after rising 3.95 points or 0.02 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,500 stocks were trading in green, while 647 stocks were in red.

According to market experts, FIIs turning buyers in December, in total reversal of their sustained selling strategy during the last two months, has altered the market sentiments in favour of the bulls.

Bulls take charge of Dalal Street, Sensex zooms 809 points before MPC announcement

Bulls take charge of Dalal Street, Sensex zooms 809 points before MPC announcement

Frontline equity indices ended in green amid volatile sessions on Thursday as buying was seen in the heavyweights IT counters.

At closing, Sensex settled at 81,765, up by 809.53 points, or 1 per cent, while the Nifty ended at 24,708.40, up by 240.95 points, or 0.98 per cent.

Investors' optimism regarding the upcoming RBI interest rate decision is being seen as a major reason for this rally in the stock market.

The RBI monetary policy meeting (MPC) started on December 4 and RBI Governor Shaktikanta Das will announce the MPC decisions on December 6.

Intraday, Sensex touched 82,317 on the higher side and 80,467 on the lower side.

As per the market experts, the market experienced a sharp recovery from the day's low, closing with strong gains. A positive turnaround from FIIs for the past couple of days to India in expectation of a dovish monetary policy by the RBI supported the sentiment., they added.

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