Deploy Iron Butterfly Spread in Nifty to play index range

On Friday, the Nifty index opened with a significant gap down of 415 points amid escalating geopolitical tensions between Israel and Iran. However, the index formed an open-low at 24,473, a bullish technical signal, and showed intraday resilience by recovering and closing at 24,718, down 169 points.From a technical standpoint, Nifty found support at the 40-day Exponential Moving Average (EMA) at 24,510 and the lower Bollinger Band at

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The Print

2 hours ago

• The Print

Markets snap 3-day losing run; Sensex jumps 1,000 pts as financial, telecom shares gain

The 50-share NSE Nifty climbed 319.15 points or 1.29 per cent to 25,112.40. A largely supportive trend overseas and renewed foreign capital inflows supported domestic equities following signs of easing tension in the Middle East, traders said. After a flat start, the BSE Sensex later found its mojo back and surged 1,046.30 points or 1.29 per cent to settle at 82,408.17. During the day, it jumped 1,132.62 points or 1.39 per cent to 82,494.49. Mumbai, Jun 20 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by over 1 per cent on Friday after sliding for the past three sessions, propelled by bargain hunting in financial, telecom and tech stocks amid a correction in global crude prices. As many as 2,463 stocks advanced while 1,484 declined and 147 remained unchanged on the BSE. This week, the BSE benchmark gauge jumped 1,289.57 points or 1.58 per cent, and the Nifty surged 393.8 points or .59 per cent. 'Equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take place. The development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments. 'In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer-oriented sectors like Finance, Auto and Reality and in anticipation of better Q1FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending,' Vinod Nair, Head of Research, Geojit Investments Limited, said. From the Sensex firms, Bharti Airtel, Nestle, Mahindra & Mahindra, Power Grid, Reliance Industries, NTPC, Eternal and HDFC Bank were among the biggest gainers. In contrast, Maruti was the only laggard. The BSE midcap gauge jumped 1.20 per cent, and smallcap index climbed 0.55 per cent. All BSE sectoral indices ended higher. Telecommunication surged 2.73 per cent, realty (2.22 per cent), teck (1.42 per cent), capital goods (1.17 per cent), bankex (1.15 per cent), consumer discretionary (1.12 per cent) and metal (1.10 per cent). 'Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signalling a delay in potential action, which led to a softening in crude oil prices. Additionally, consistent buying by FIIs in the cash segment further supported the market,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, South Korea's Kospi and Hong Kong's Hang Seng settled in positive territory, while Japan's Nikkei 225 index and Shanghai's SSE Composite index ended lower. Markets in Europe were trading higher in mid-session trade. US markets were closed on Thursday for the Juneteenth holiday. Global oil benchmark Brent crude dropped 1.93 per cent to USD 77.33 a barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 934.62 crore on Thursday, according to exchange data. Domestic Institutional Investors (DIIs) also bought equities worth Rs 605.97 crore. On Thursday, the 30-share BSE Sensex declined 82.79 points, or 0.10 per cent, to settle at 81,361.87. The Nifty dipped 18.80 points or 0.08 per cent to 24,793.25. 'In the absence of any major domestic events, global markets will continue to guide sentiment. We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends,' Mishra said. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Economic Times

3 hours ago

• Economic Times

Biocon raises Rs 4,500 crore through successful QIP

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Business Standard

4 hours ago

• Business Standard

Sensex, Nifty gain 1.3% on RBI norms, Trump's pause on Iran strike

Domestic markets rose on Friday, propelled by gains in banking and other heavyweights, after the relaxation of project finance regulations. US President Donald Trump's announcement that he would take two weeks to decide whether to intervene directly in the Iran–Israel conflict provided some relief to investors. The benchmark Sensex closed at 82,408 on Friday, up 1,046 points or 1.3 per cent. The Nifty also ended the session at 25,112, gaining 319 points or 1.3 per cent. HDFC Bank, Reliance Industries, Bharti Airtel and ICICI Bank accounted for over half of the index gains. Both the Sensex and the Nifty rose 1.6 per cent over the week. The total market capitalisation of BSE-listed companies increased by ₹5 trillion, reaching ₹448 trillion. The final project finance norms will take effect from October 1, 2025. The Nifty Bank index increased by 1.2 per cent. Foreign portfolio investors (FPIs) were buyers to the tune of nearly ₹8,000 crore, while domestic investors pulled out ₹3,050 crore. Institutional investor activity was higher than usual due to adjustments related to the latest rebalancing of BSE and FTSE indices. Passive funds tracking the Sensex index had to sell Nestlé and IndusInd Bank, which will be excluded from the index from Monday. On the other hand, they bought new entrants Trent and Bharat Electronics. Other Sensex components also saw changes due to weight adjustments. Meanwhile, the White House's statement on Iran eased concerns about US involvement in the Middle East conflict. In a dictated message on Thursday, President Trump said there was a significant chance of negotiations with Iran, which may or may not happen soon, and that he would decide whether to join Israel's strikes against Iran within the next two weeks. Trump's latest statement is seen as a step back from earlier harsh rhetoric. Israel has continued to attack Iran's nuclear sites and has warned of overthrowing Tehran's leadership, while Iran maintains its stance of no negotiations with the US as long as Israel's assault continues. The Brent crude price fell by 3 per cent and was trading at $75.7 on Friday. However, in June, crude prices had risen by 21 per cent. Gold declined by 0.7 per cent and was trading at $3,348. It fell by 2.4 per cent during the week. 'Equity indices surged as Middle East tensions eased, with the risk of immediate military action reduced due to expected US dialogue with Iran. This development led to a correction in crude prices, favouring domestic markets and boosting foreign investors' sentiment,' said Vinod Nair, head of research at Geojit Financial Services. The market breadth was strong, with 2,463 stocks advancing and 1,484 declining. Moving forward, the trajectory of the Middle East conflict and US trade policy will determine the market's direction. 'The outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and pave the way for the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment,' said Ajit Mishra, senior vice-president, research, at Religare Broking.