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Stock market update: Nifty Bank index falls 0.54% in a weak market

Economic Times4 hours ago

NEW DELHI: The Nifty Bank index traded negative around 10:58AM(IST)on Monday in a weak market.
ADVERTISEMENT IDFC First Bank Ltd.(up 0.93 per cent), Au Small Finance Bank Ltd.(up 0.71 per cent) and Punjab National Bank(up 0.17 per cent) were among the top gainers.
Axis Bank Ltd.(down 0.85 per cent), ICICI Bank Ltd.(down 0.76 per cent), HDFC Bank Ltd.(down 0.73 per cent), IndusInd Bank Ltd.(down 0.7 per cent) and State Bank of India(down 0.7 per cent) were the top losers on the index.
The Nifty Bank index was down 0.54 per cent at 55949.05 at the time of writing this report. Benchmark NSE Nifty50 index was down 196.81 points at 24915.6, while the BSE Sensex was down 668.33 points at 81739.84. Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.
ADVERTISEMENT Shares of Vodafone Idea, Ola Electric Mobilit, RattanIndia Power, Zee Ent. and YES Bank were among the most traded shares on the NSE.
Shares of Madhya Bharat Agro, SRM Contractors, Apollo Micro Systems, Quality Power Electr and Reliance Naval & Engg hit their fresh 52-week highs in today's trade, while Osia Hyper Retail, Omkar Speciality, Lasa Supergenerics, Navkar Builders and Sadhana Nitro hit fresh 52-week lows in trade.
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Barometers trade with major losses; FMCG shares decline
Barometers trade with major losses; FMCG shares decline

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time25 minutes ago

  • Business Standard

Barometers trade with major losses; FMCG shares decline

The domestic equity benchmarks traded with significant losses in the early afternoon trade, weighed down by rising geopolitical tensions and a sharp selloff in IT stocks. Escalating conflict between the US and Iran, a spike in crude oil prices, and concerns over potential economic fallout triggered broad-based risk aversion among investors. The Nifty traded below the 24,950 mark. FMCG shares declined after advancing in the past trading session. At 12:28 ST, the barometer index, the S&P BSE Sensex, tanked 621.76 points or 0.76% to 81,785.82. The Nifty 50 index slipped 170.45 points or 0.68% to 24,941.95. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.15% and the S&P BSE Small-Cap index added 0.36%. The market breadth was negative. On the BSE, 1,673 shares rose and 2,209 shares fell. A total of 208 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 2.79% to 14.06. The Nifty 26 Jun 2025 futures were trading at 24,945.20, at a premium of 3.25 points as compared with the spot at 24,941.95. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 146.9 lakh contracts at the 26,000 strike price. Maximum put OI of 104.6 lakh contracts was seen at the 24,900 strike price. Economy: The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Buzzing Index: The Nifty FMCG index fell 0.58% to 54,316.65. The index rose 0.64% in the past trading session. Patanjali Foods (down 1.87%), Hindustan Unilever (down 1.6%), United Spirits (down 1.45%), Godrej Consumer Products (down 1.03%), Britannia Industries (down 1.01%), ITC (down 0.69%) and Dabur India (down 0.41%) declined. On the other hand, Colgate-Palmolive (India) (up 1.18%), Varun Beverages (up 1.16%) and Nestle India (up 0.52%) edged higher. Stocks in Spotlight: Avantel surged 8.16% after the company secured two orders worth Rs 24.73 crore from Mazagon Dock Shipbuilders and Defence Electronics Applications Laboratory, DRDO. Waaree Renewable Technologies rose 0.74%. The company announced that it has signed a non-binding memorandum of understanding (MoU) with Viet Khanh Joint Stock Company for the execution of engineering, procurement, and construction (EPC) work for a solar power project.

Best FMCG stocks to buy today as recommended by expert Raja Venkatraman
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  • Mint

Best FMCG stocks to buy today as recommended by expert Raja Venkatraman

The FMCG sector posted a muted performance in the fourth quarter of FY25, largely due to persistent weakness in urban demand. Urban markets, which contribute over half of total FMCG sales, struggled with subdued discretionary spending, stagnant wage growth, high EMIs, and rising living costs. Additionally, intensifying competition from direct-to-consumer (D2C) brands and quick-commerce platforms further eroded traditional retail demand. Despite these challenges, rural markets showed signs of steady recovery, buoyed by easing inflation, increased government spending, and higher minimum support prices (MSPs) for key crops. This rural resilience helped cushion the overall topline, though most companies reported only low single-digit volume growth. Gross margins remained under pressure due to elevated input costs, especially for commodities like palm oil and other agri-ingredients. Also Read: For FMCG Inc., the holy grail of volume growth is in sight Navigating Current Headwinds FMCG companies are adopting a cautious 'wait and watch" approach, focusing on cost optimization and selective price hikes to protect margins. While EBITDA margin expansion remains limited, firms are banking on a favorable monsoon, potential rate cuts, and improved rural sentiment to drive recovery in the coming quarters. Recent Market Trends In the past few weeks, the sector has shown early signs of stabilization. Ecommerce continues to be a bright spot, with major players like Hindustan Unilever and Nestlé India reporting strong growth in online sales. Retail giants such as Reliance Retail have also posted robust Q4 numbers, with a 30.4% rise in net profit, driven by operational efficiencies and digital investments. Also Read: HUL, Nestle lag as FMCG volumes stay weak—what could drive a 2025 rebound? Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: Buy DMART (Current price ₹4300.30) Buy TRENT (Current price: ₹5869.40) Buy TITAN (Current price ₹3519) Conclusion In short, while urban demand remains a drag, the sector is holding its ground through rural strength, digital acceleration, and strategic cost management. The next few months will be pivotal in determining whether this resilience can translate into a broader recovery. Let me know if you'd like this turned into a presentation or infographic. Outlook for Trading The Nifty and Sensex tested the recent highs yet again along with many other sector indices showing some recovery. In fact, the small and midcap indices are showing some renewed enthusiasm. It is only the Bank Nifty and IT indices are still playing catchup. The Nifty took time to make the grade mainly owing to the fact that the big weights in the index are banking, IT and Fmcg names and most of they were slow to respond. The trading of last week looks pretty solid as a continuation thrust higher. Over the June series as markets were trying to decode the sentiment Vix has begun to cool-off around 22% and a gap is anticipated on Monday. A clearer resolution to the war scenario will certainly lead to an upside gap and then it will all be about courage to buy higher and squeeze of whatever shorts are left in the system. On the other hand, a downside gap will probably lead to a scramble for long exits and could push the market into a range yet again. That may create a limited downside activity. Some sectors managed to climb back into the green post the strong thrust that we witnessed in the market on Friday to end the week on a positive note. The thrust seen in Banking associated stocks were quite visible like INFRA , Private Banks and Auto that managed to show some spirited rise in the last week while Metals and Pharma after the large selloff was seen mildly limping back to some recovery. While the trends are clearly bullish the clarity on the market trends is still to get set. Now the question is where do we go from here? Chart 1 shows a possible projection using range breakout that is possible in the next week setting tone for a potential upmove that can help some upside potential. With the market continuing to show that the upward potential is now emerging we can look for some strong upward possibility in the next few days. This is pointing towards 25300/25500 as the next extended targets. For the coming week one can still remain a buyer on dips. Shorter term players should have a firm stop below 24800. On the higher side crossing of 25200 can help set up a new high. We can review in our midweek update on what lies ahead. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Sensex, Nifty trade lower amid Iran-Israel tensions; VIX rallies 3.43%
Sensex, Nifty trade lower amid Iran-Israel tensions; VIX rallies 3.43%

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time36 minutes ago

  • Business Standard

Sensex, Nifty trade lower amid Iran-Israel tensions; VIX rallies 3.43%

The key equity indices traded with major losses in the mid-morning trade, weighed down by rising geopolitical tensions and a sharp selloff in IT stocks. Escalating conflict between the US and Iran, a spike in crude oil prices, and concerns over potential economic fallout triggered broad-based risk aversion among investors. The Nifty traded below the 24,950 mark. Auto shares declined after rising for three consecutive sessions. At 11:30 ST, the barometer index, the S&P BSE Sensex, tanked 568.08 points or 0.70% to 81,830.43. The Nifty 50 index slipped 164.20 points or 0.66% to 24,948.80. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index rose 0.17%. The market breadth was negative. On the BSE, 1,448 shares rose and 2,264 shares fell. A total of 229 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.43% to 14.14. Economy: The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Buzzing Index: The Nifty Auto index fell 1.01% to 23,440.40. The index added 1.94% in the previous three consecutive trading sessions. Samvardhana Motherson International (down 2.76%), Bosch (down 1.67%), Mahindra & Mahindra (down 1.5%), Tube Investments of India (down 1.44%), Hero MotoCorp (down 1.38%) were the top losers. Among the other losers were TVS Motor Company (down 1%), Bajaj Auto (down 0.84%), Tata Motors (down 0.81%), Maruti Suzuki India (down 0.81%) and Balkrishna Industries (down 0.71%) declined. On the other hand, MRF (up 0.97%) ,Bharat Forge (up 0.77%) and Ashok Leyland (up 0.02%) added. Stocks in Spotlight: Bharat Electronics (BEL) advanced 2.42% after the company announced it had secured additional orders worth Rs 585 crore since its last disclosure on 5 June 2025. Zen Technologies hit an upper limit of 5% after the companys board has approved the acquisition of TISA Aerospace (TISA) through a mix of share purchase plus compulsorily convertible debentures (CCDs) from current shareholders of TISA. Embassy Developments added 3.83% after the company announced the signing of a joint development agreement (JDA) for nearly 17.9-acre land parcel in Whitefield, Bengaluru. Global Markets: US Dow Jones futures were down 96 points, hinting at a negative start for Wall Street. Asian markets slumped on Monday as investor jitters grew following the US airstrikes on three Iranian nuclear sites, which pushed oil prices higher and reignited fears of a wider Middle East conflict. Brent Crude climbed to $78.52 a barrel, continuing its upward trend amid regional tensions. On the macro front, Japan delivered a pleasant surprise. Its manufacturing sector returned to expansion in June, with the au Jibun PMI rising to 50.4 from Mays 49.4. The services sector also saw steady growth, with the index nudging up to 51.5 from 51.0. Back in the US, two of the three major indices closed lower on Friday. The S&P 500 slipped 0.22%, marking its third straight loss, while the Nasdaq dropped 0.51%. The Dow managed a modest gain of 0.08% as investors weighed geopolitical developments and the Feds next move on rates.

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