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Business Standard
4 days ago
- Business
- Business Standard
BSE stock price can crash 19% as Sebi okays expiry day switch
Shares of the Bombay Stock Exchange (BSE), listed on the National Stock Exchange (NSE) declined up to 6.2 per cent in intra-day deals on Wednesday to a low of ₹2,500 after the Securities Exchange Board of India (Sebi) approved to switch the derivatives expiry day of both the stock exchanges. Derivatives contracts on the NSE will now expire on Tuesdays from September onwards, moving from the current Thursday expiry. Conversely, BSE contracts will expire on Thursdays, shifting from the current Tuesday expiry. In May, the market regulator issued a circular restricting expiries to just two days a week and asked each exchange to select one. The current expiry days will remain in effect until August 31. Analysts believe BSE could cede some market share owing to the shift in expiry days. READ MORE In recent days, BSE stock has witnessed selling pressure after the NSE placed it under the Additional Surveillance Measure (ASM) Stage-1 framework. Stocks placed under ASM framework require 100 per cent of the traded value to be blocked as margins. Further, pledging of stocks under the ASM category is barred. ALSO READ | BSE, MCX, IEX: Which exchange stock is worth your portfolio? BSE stock from its life-time high of ₹3,030 on June 10, 2025, has shed as much as 17.5 per cent at today's low. At 9:40 AM, BSE share price had recouped some of the day's losses and traded around ₹2,643 amid trades of around 4.2 million shares at the counter on the BSE. Technical chart hints at likely further pain for the stock, with a downside risk of 19.4 per cent from here on. BSE Current Price: ₹2,643 Downside Risk: 19.4% Support: ₹2,500; ₹2,359; ₹2,275 Resistance: ₹2,680; ₹2,924 The BSE stock is likely to trade with a negative bias as long as the stock remains below ₹2,924 levels. At present, the stock is seen testing resistance around its 20-Day Moving Average, which stands at 2,680. CLICK HERE FOR THE CHART The medium-term chart indicates that BSE share price can slide towards the weekly trend line support, which indicates a likely downside risk of 19.4 per cent from present levels to ₹2,130 levels. Intermediate support for the stock can be anticipated around ₹2,500, ₹2,359 and ₹2,275 levels.
Indian Express
4 days ago
- Business
- Indian Express
Why the Iran-Israel war has not hit Indian markets
On Day 5 of the Middle East conflict, Israel claimed it had killed Iran's wartime chief of staff, adding to the long list of Tehran's war casualties, and threatened Ayatollah Ali Khamenei with the same fate as that of Saddam Hussein of Iraq. With no end to hostilities in sight, President Donald Trump advised Iranians to 'immediately evacuate' the country's capital, and later denied having initiated talks with the Islamic Republic for a ceasefire. And yet, as concerns increased in capitals around the world, stock markets, in India and elsewhere, seemed remarkably at ease — with investors showing no signs of panic. Why? On June 12, a day before Israel first hit Tehran with missiles, the Sensex at the Bombay Stock Exchange closed at 81,691.98. Over the last five days (three trading sessions) the benchmark index has more or less maintained its level — it closed at 81,583 on Tuesday. That's a loss of just 108 points — 0.13 per cent — since the war broke out. According to the US Energy Information Administration (EIA), at the end of 2023, Iran accounted for 12 per cent of global oil reserves, with the world's third largest proven reserves after Venezuela and Saudi Arabia. Iran also has the second largest reserves of natural gas after Russia. However, Western sanctions have ensured that only around 4 per cent of global oil supplies comes from Iran. The primary customer of Iranian oil is China. Since the war began on June 13, global Brent crude prices have risen by around 11 per cent — from levels of $67.34 per barrel on June 12 to around $74.6 per barrel on Tuesday. This is a significant spike — and several global financial firms are projecting that oil could cross $100 per barrel in case the crisis continues and worsens. Why are Indian markets not worried about the increase in oil prices? Economists and market experts link it to India's comfortable position in terms of macroeconomics and inflation levels, and to the absence of any significant trade linkages with Iran. Concerns could arise if and when Israel targets Iranian oil installations — which it has not done so far. 'As of now, OPEC (the Saudi Arabia-led 12-member Organisation of Petroleum Exporting Countries) is already sitting on higher capacity. We have also not seen any major attack by Israel on oil facilities in Iran. Concerns may rise on oil prices if Iranian oil installations are hit, and there is a supply issue to China, which may lead to a real spike in crude prices. Inflation in India is at a comfortable level, and that is providing comfort to the markets, despite some increase in oil prices over the last five days,' Pankaj Pandey, head of research at ICICI Securities, said. Bank of Baroda chief economist Madan Sabnavis said India's macroeconomic fundamentals could be impacted only if there is a significant spike in oil prices, which would inflate the import bill and hurt the fiscal situation, and lead to a rise in wholesale price index (WPI) inflation. 'As of now, global oil supplies are not impacted as Iran supplies only 4 per cent of the market and China is its only major customer. The 10 per cent rise in crude prices seen so far is not on account of supply concerns, but due to psychological factors. Other countries may step in if the situation escalates,' Sabnavis said. He added that there is 'an overall feeling that this war, unlike the Russia-Ukraine war, may not continue for long as Iran may not have the wherewithal to continue the fight'. That too provides some comfort to the market, Sabnavis said. Experts also pointed out that the buffer provided by the Indian government would likely ensure that even if global crude prices rise, there may not be an immediate impact on retail prices and consumer price index (CPI) inflation. Inflation under control In May, India's WPI declined to a 14-month low of 0.39 per cent from 0.85 per cent in April. In its monetary policy statement earlier this month, the Reserve Bank of India said that headline inflation based on CPI continued its declining trajectory in March-April and moderated to a near six-year low of 3.2 per cent (y-o-y) in April 2025. The softening in overall inflation levels provide much needed comfort to Indian markets. The RBI also projected CPI inflation for FY 2025-26 at 3.7 per cent. How does the price of oil impact the Indian economy? A rise in crude prices poses inflationary, fiscal, and external-sector risks for the Indian economy. Crude oil-related products have a share of more than 9% in the WPI basket, and therefore, a 10 per cent increase in crude prices may lead to a 0.9 per cent increase in WPI inflation. India imports around 85 per cent of its oil requirement. The share of oil imports in India's total import bill is more than 25 per cent. An increase in oil prices impacts the current account deficit, which is the difference between the values of goods and services imported and exported. A rise in crude oil prices also leads to an increase in the subsidy on LPG and kerosene, pushing up the government's subsidy bill.
India Today
5 days ago
- Business
- India Today
Are Bajaj Finance shares really down 90% today?
Several investors were in for a shock this morning when they logged into their Demat accounts and saw Bajaj Finance shares seemingly down by nearly 90%. But there's no cause for drop wasn't real, it was just a technical adjustment reflecting the company's recent bonus issue and stock split. In fact, Bajaj Finance shares are up 0.55% to Rs 938.50 on the Bombay Stock Exchange (BSE) around 1:15 pm. advertisementBajaj Finance has announced two shareholder-friendly moves. The first is a 4:1 bonus issue, which means investors will receive four additional shares for every one share they already own. The second is a 1:2 stock split, where each share is divided into two, effectively doubling the number of shares held put it simply, someone who originally held just one share will soon see ten shares in their account. While the share price has been adjusted to reflect this change, the total value of the investment remains the bonus shares and stock split will be credited by June 27, according to the company. Until then, some Demat accounts may show temporarily skewed figures, either in share count or holding looks like a crash is, in fact, a routine corporate action. If you're holding Bajaj Finance, all you need to do is wait for the adjustments to reflect fullyadvertisement
India Today
6 days ago
- Automotive
- India Today
Tata Motors shares sink over 5% today. What's behind the sharp decline?
Tata Motors experienced a significant decline in its stock price on Monday morning, with shares falling more than 5 percent on the Bombay Stock Exchange. By 9:56 am, the stock had dropped 5.32% to Rs 674.20, marking a sharp reversal from its recent decline was primarily driven by a downward revision in Jaguar Land Rover's (JLR) earnings before interest and taxes (EBIT) margin forecast for the fiscal year 2026. JLR adjusted its margin outlook from an earlier estimate of 10% to a range of 5–7%. This significant revision has raised concerns among investors about the company's growth prospects and decision to lower the margin forecast was attributed to increasing uncertainties in the global automotive market. The looming threat of new US tariffs on electric vehicles and Chinese components has created a challenging environment for manufacturers, impacting their strategic planning and financial forecasts. The revised guidance falls short of JLR's reported EBIT margin of 8.5% for the previous fiscal year. This decline highlights the difficulties the company faces in maintaining its profitability amid an increasingly volatile international reacted swiftly to the news, leading to the sharp drop in Tata Motors' share price. The company's shares had previously seen substantial gains, supported by JLR's recovery and strong domestic performance. However, the revised margin outlook has shaken market developments highlight the challenges that Tata Motors may face in sustaining its growth trajectory. The lowered margin forecast could have broader implications for the company's financial health, particularly if global market conditions continue to pose Tata Motors navigates these challenges, strategic adjustments may be required to stabilise its financial prospects. This could involve re-evaluating its operational strategies and seeking new opportunities to mitigate risks associated with global market uncertainties.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Trending Reel
Hans India
6 days ago
- Politics
- Hans India
Israel-Iran conflict may not continue for long
The long-standing tensions between Israel and Iran have entered a perilous new phase, marked by direct military engagement and significant strategic consequences. The latest escalation occurred when Israel launched a direct airstrike on Iran's oil and gas infrastructure. On Saturday, an Israeli missile struck Phase 14 of the South Pars gas field—the world's largest—causing a massive fire and forcing Iran to suspend the production of 12 million cubic metres of gas per day. This marked the first known direct Israeli strike on Iran's vital energy sector and signifies a new level of confrontation. The strike, reportedly executed with surgical precision, has dealt a blow to Iran's energy revenues, further pressuring an already strained economy under years of international sanctions. By targeting South Pars, Israel has moved beyond military installations and proxy militias, striking directly at Iran's economic lifelines. Not ironically, the conflict has also taken on an ideological and historical dimension. Israeli Prime Minister Benjamin Netanyahu invoked the trauma of the Holocaust to justify Israel's aggressive posture. In a sombre address to the nation, he declared, 'Nearly a century ago, facing the Nazis, a generation of leaders failed to act in time.' Drawing parallels with Adolf Hitler's rise and the devastating appeasement that followed, he insisted that Israel would not allow history to repeat itself. 'The Jewish people and the Jewish state have vowed never again,' he said. Over the past year, Israel has systematically degraded Iran's military and nuclear capabilities. A series of covert operations and precision strikes have killed several top Iranian commanders and nuclear scientists, many of whom played central roles in Tehran's nuclear programme and strategic planning. These strikes not only weakened Iran's deterrent capabilities but also sent a clear message to both Iran and the international community: Israel is willing to act unilaterally and decisively when it perceives an existential threat. In fact the October 7, 2023 attack by Hamas, an Iran proxy, had triggered the ongoing war in the Middle East. Netanyahu has rightly avowed to confront Iran whose stated goal is annihilation of the Jewish state. The United States, while officially refraining from direct military involvement in the hostilities, has expressed unwavering support for Israel. Washington has reiterated Israel's right to self-defence, and intelligence cooperation between the two allies remains robust. The international fallout from the conflict is already being felt. In India, concerns over regional stability have led to the rerouting of internationalflights to avoid Iranian and Israeli airspace, resulting in delays and logistical challenges. Financial markets are jittery, with the Bombay Stock Exchange tumbling on Friday amid fears of supply disruptions and broader geopolitical uncertainty. Energy prices have also surged globally, reflecting the vulnerability of oil and gas infrastructure in the Middle East. Despite the alarming developments, the conflict may not extend for a prolonged period. Israel's objectives are specific and time-bound: to severely degrade Iran's military and nuclear infrastructure and, in the longer term, to encourage or precipitate regime change in Tehran. While the latter is an ambitious goal in the short term, the former is achievable and already in motion. If Israel succeeds in incapacitating Iran's military capabilities—particularly its missile systems, command infrastructure, and nuclear development facilities—it may restore a balance of power in the region. Facts indicate that Israel can succeed.
