Tag: ADANI

Global Stock Market Live: Dow futures down 60 points; Chinese state media hints at rate cut

Posted on by Btech Traders

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.

3 reasons why stock market is rising today

Posted on by Btech Traders

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.

India’s GDP grew 6.2 per cent in the December quarter from 5.6 per cent in the September quarter, in line with consensus but above Nomura’s expectations. HSBC noted that a string of past GDP prints was revised up, suggesting strong growth momentum in the economy. The December quarter GDP grew in line with expectations despite the same quarter last year’s growth being revised up by 0.9 percentage points, it said.
 
Also, strong agricultural growth in the December quarter means that the summer crop was good. Besides, private consumption data for the first three quarters of the year has been higher than last year, which over time, can be positive for investment.

Sensex stood at 73,593.26, up 395.16 points or 0.54 per cent. Nifty was trading at 22,243.85, up 119.15 points or 0.54 per cent. In Asia, most markets were trading higher, with the Japanese Nikkei at 1.4 per cent climbing the most. 

The main triggers for the recent sustained FII selling in India have been the high valuations and the attractive US bond yields. These important macros are undergoing a slow shift. 

“Largecap valuations are now fair and in segments like financials attractive. US 10-year bond yields have declined to 4.21 per cent. So, there is a possibility of FIIs reducing their selling, going forward. There is good news on India’s growth front. The correction in the market is an opportunity for long-term investors to buy high quality stocks,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
 
The February auto sales numbers also showed strong performance from M&M and Eicher. Vijayakumar said it is difficult to predict when the market will bottom out. But this is the time to start buying without bothering about the near-term volatility, he said.

 
 
 
Disclaimer: StockEx provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
 

Stock Market Crash: Why Sensex, Nifty 50 falling today? 5 Reasons

Posted on by Btech Traders

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:

Trump Tariff On Steel, Aluminium

 
 
President Donald Trump said he will impose new 25 per cent tariffs on all steel and aluminium imports. The move has added jitters over the global trade war with China’s reciprocal duties coming into effect.
 

Dollar Index Above 108

 
 
The rupee depreciated 45 paise to hit a record low of 87.95 against the US dollar on Monday. The dollar index, which gauges the greenback’s strength against a basket of six currencies, quoted 0.22 per cent higher at 108.28. Brent crude, the global oil benchmark, rose 0.63 per cent to USD 75.13 per barrel in futures trade.
 
Earlier on Saturday, Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the market forces decide the value of rupee with respect to the US dollar and the central bank is not worried about day-to-day movement.
 

FII Selling

 
 
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that with the dollar index above 108 and the 10-year US bond yield above 4.4%, FIIs will continue to sell the rally, restricting any potential upside.
 
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 470.39 crore on Friday, according to exchange data.
 

High Valuations

 
 
VK Vijayakumar said that it is important to understand that valuations in India continue to be on the higher side, particularly in the broader market.
 
“The market needs fundamental triggers like indications on GDP growth and earnings rebound. Until then the market is likely to move only in a range. Investors should stick to fairly valued high quality largecaps,” he said.
 

Nifty 50 Resistance

 
 
Sameet Chavan, Head Research, Technical and Derivative – Angel One, said that Nifty 50 resistance levels remain at 100-point intervals, with key hurdles at 23800 (Tuesday’s high), 23900 (89 DEMA), 24000 (200 DSMA), and 24250 (previous swing high). A strong buying momentum is needed to surpass these levels; until then, traders should book profits at regular intervals. The market may continue consolidating in the near term within the 23250–23800 range, and a breakout from this zone could reignite momentum.
 

 Adani Enterprises Sees Positive Trading Surge Today

Posted on by Btech Traders

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.

 

 

Adani Enterprises likely to demerge airport business and list by 2027-28

Posted on by Btech Traders

Adani Enterprises, which already manages seven significant airports in India, including those in Mumbai and Navi Mumbai, is growing its presence in the aviation industry. This demerger coincides with this growth. The corporation intends to increase service offerings and infrastructure in addition to making large investments in airport operations.The move to split off the airport company is consistent with Adani Group’s standard practice of nurturing ventures under Adani Enterprises until they are ready to be spun out into separate companies. The group’s growth strategy has always been characterised by this approach, which enables targeted management and investments in niche markets.

The proposed demerger is anticipated to set Adani’s airport operations up for future success as the country’s aviation sector is predicted to grow significantly. This would allow for more focused investments and operational approaches that are specifically designed to meet the demands of the aviation market.