Category: Market Updates

Geopolitical tensions between India and Pakistan initially rattled tourism stocks, causing dips in aviation, hotels, and travel services due to disrupted travel plans. However, a subsequent ceasefire has shifted market sentiment towards cautious optimism. Experts suggest a selective, long-term approach, focusing on fundamentally strong companies with a robust domestic presence like Indian Hotels and Indigo.

48 of the Nifty 50 stocks were in the green, and 12 of the 13 major sectors posted gains. Broader indices, including small- and mid-cap stocks, jumped around 3% each. This rebound followed a nearly 1.5% drop in the Nifty over the previous three sessions, driven by fears around escalating conflict with Pakistan. The latest round of hostilities—the most serious in nearly 30 years—began on Wednesday when India targeted nine locations in Pakistan it described as “terrorist infrastructure,” in response to an attack in Kashmir that left 26 people dead two weeks earlier.

 Global Markets Watch Asian stocks and U.S. equity-index futures advanced, and the dollar strengthened, as China and the U.S. reported “substantial progress” in their trade negotiations, boosting investor appetite for risk. S&P 500 futures rose 1.4% as of 9:51 a.m. Tokyo time Japan’s Topix rose 0.3% Australia’s S&P/ASX 200 rose 0.5% Euro Stoxx 50 futures rose 0.8%

A clarification was given from the same id stating that the website was hacked.

The announcement by US President Donald Trump of a 90-day ‘pause’ for more than 75 countries and an increase in tariffs on China to 125% caused Wall Street indices to crash overnight.

The Nasdaq Composite concluded 12%, or 1,957.06 points, higher at 17,124.97, the Dow Jones Industrial Average ended more than 2,900 points higher at 40,608.45, and the S&P 500 closed 9.5% higher at 5,456.9.

China’s ‘lack of respect’ for international markets was the reason Trump imposed a 125% tariff on the nation. China had doubled its retaliatory levies earlier in the day in response to Trump’s tariff hike. China hiked its intended duty on US imports from 34% to 84% after Trump raised his proposed duties on the nation to 104%.

China’s consumer deflation persists as trade war poses new risks. The consumer-price index declined 0.1% from a year earlier, the National Bureau of Statistics said Thursday, compared with a 0.7% drop in the previous month. The median forecast of economists surveyed by Bloomberg was zero.China’s consumer deflation extended for a second month in March, as an escalating trade war with the US threatens to put more downward pressure on prices.

The BSE Sensex and the NSE Nifty, two benchmark stock indices, rose Monday after a sharp decline on Friday as global markets rallied in tandem with Friday’s Wall Street rise and as GDP growth data for the December quarter matched Street forecasts. Additionally, February auto sales statistics for a few auto players above expectations, which improved investor sentiment. The stocks that made the most contributions to the index increases were Infosys Ltd., Larsen & Toubro Ltd., Mahindra & Mahindra Ltd., and Bharti Airtel Ltd.

Monday’s declines in the Sensex and Nifty 50 were caused by ongoing foreign money withdrawals and new tariff worries. At roughly 10:15 AM, the Sensex fell 650 points, or 0.80%, to trade around 70250, marking the fourth consecutive day of declines. At one point in the early morning session, the Nifty 50 index dropped more than 200 points. At 23380, the Nifty 50 index was down 180 points, or 0.76 percent, at the time this story was written.
At roughly the same time, the Nifty Bank Index fell 400 points, or 0.78 percent, to trade at 49750, falling below the 50,000 barrier.

Why Sensex, Nifty Are Falling? 5 Reasons

Let’s examine the five causes of today’s stock market crash:

On the last trading day, Adani Enterprises opened at ₹2259.95 and closed at ₹2223.85, experiencing a decline. The stock reached a high of ₹2422.10 and a low of ₹2247.95 during the session. The company’s market capitalization stood at ₹256,822.5 crore. Over the past year, the stock has seen a 52-week high of ₹3743 and a low of ₹2030, with a trading volume of 136,499 shares on the BSE.

The share price of Adani Enterprises has increased by 0.65% today, reaching ₹2397.75, mirroring the performance of its peers. Companies like Coal India, Sindhu Trade Links, Stratmont Industries, and Emergent Industrial Solutions are also experiencing gains. In general, the benchmark indices Nifty and Sensex have risen by 0.06% and 0.29%, respectively.

A higher futures price along with higher open interest in Adani Ent suggests that it may experience positive price movement in the coming days, so traders can continue to hold their long positions.

Indian blue-chip indices, the Sensex and Nifty, opened Monday much down as expectations of an early Federal Reserve interest rate cut were dampened by a better-than-expected U.S. jobs data. Additionally, concerns about declining profitability affected market mood. The BSE Sensex fell 654 points, or 0.85%, to 76,714 at 9:21 a.m., while the Nifty50 down 193 points, or 0.82%, to 23,238.

The total market capitalisation of all listed companies on the BSE fell by Rs 4.53 lakh crore to Rs 225.14 lakh crore. All major sectoral indices traded lower, with broader, domestically focused small-cap and mid-cap indices dropping around 1.4% each at the open.

Among the 30 Sensex stocks, Zomato Ltd fell the most by 2.86%, trading at ₹236.05. This was followed by Mahindra & Mahindra Ltd, which fell 2.13%, trading at ₹3,026.05, and Power Grid Corporation of India Ltd, which fell 2.07%, trading at ₹293.60.

Only 2 Sensex stocks were in the green. These included IndusInd Bank Ltd which rose by 2.05%, trading at ₹956.80 and Axis Bank Ltd which was up by 0.44%, trading at ₹1,045.40.

At 14:30 IST, the barometer index, the S&P BSE Sensex, surged 1,033.18 points or 1.26% to 81,983.27. The Nifty 50 index jumped 286.30 points or 1.17% to 24,753.75.

The broader market underperformed the benchmark indices, the S&P BSE Mid-Cap index rose 0.19% and the S&P BSE Small-Cap index added 0.26%.

The market breadth was positive. On the BSE, 2,153 shares rose and 1,763 shares fell. A total of 126 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index gained 0.99% to 26,034.20. The index rallied 3.16% in five consecutive trading sessions.

Kotak Mahindra Bank (up 1.29%), RBL Bank (up 0.93%), Axis Bank (up 0.91%), ICICI Bank (up 0.83%), City Union Bank (up 0.55%) HDFC Bank (up 0.37%) and IDFC First Bank (up 0.15%) advanced.

On the other hand, Federal Bank (down 0.19%), Bandhan Bank (down 0.15%) and IndusInd Bank (down 0.04%) edged lower.

Numbers to Track:

The yield on India’s 10-year benchmark federal paper rose 0.04% to 6.797 as compared with the previous close of 6.794.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.7225, compared with its close of 84.7500 during the previous trading session.

MCX Gold futures for the 5 December 2024 settlement gained 0.16% to Rs 76,168.

The US Dollar index (DXY), which tracks the greenback’s value against a basket of currencies, was down 0.23% to 106.07.

The United States 10-year bond yield added 0.50% to 4.203.

In the commodities market, Brent crude for the February 2024 settlement gained 23 cents or 0.32% to $72.54 a barrel.

The bulls made a strong comeback on the Street, with the benchmark indices Nifty and Sensex surging nearly 2 percent each, propelling investor wealth by a staggering Rs 8.5 lakh crore in just one day. A confluence of factors—including the positive outcome of the Maharashtra elections, encouraging signals from Asian and US markets, and a welcome dip in foreign outflows—sparked widespread buying across the bourses.

The Indian stock market has experienced a significant jump today, with various factors contributing to this upward trend. Here are some of the key reasons: