Latest news with #MehtaEquitiesLtd
Indian Express
9 hours ago
- Business
- Indian Express
Sensex jumps 1.3%, Nifty ends above 25,100
Domestic benchmark indices Sensex and Nifty surged 1.3 per cent on Friday as investors' risk appetite improved after reports suggested de-escalation in Israel-Iran conflict. The BSE's Sensex rose 1.29 per cent, or 1,046.3 points, to close at 82,408.17. The broader Nifty climbed 1.29 per cent, or 319.15 points, to end at 25,112.4. 'Markets showed strength and gained over a percent after three sessions of lackluster movement. Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signaling a delay in potential action, which led to a softening in crude oil prices,' the said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd. US President Donald Trump has said that a decision on whether or not the US will get directly involved in the Iran-Israel conflict within two weeks, according to media reports. Markets witnessed consolidation after the recent spell of subdued trend, as strong European cues and positive Dow Futures triggered a massive rally in local benchmarks. 'Investors also resorted to short covering ahead of next week's monthly derivatives expiry. Despite the rebound, investors would still maintain caution due to the ongoing West Asia conflict, as any spike in crude oil prices owing to escalation in tension could fuel uncertainty and spook markets,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Additionally, consistent buying by FIIs in the cash segment further supported the market. All key sectors participated in the rally, with realty, financials, and metals emerging as top gainers. The broader indices also saw relief, posting gains in the range of 1-1.4 per cent. The Nifty Realty ended 2.11 per cent up and the Nifty Metal climbed 1.09 per cent. The Nifty Midcap 100 rose 1.46 per cent and the Nifty Smallcap 100 gained 1.01 per cent. India VIX, which is an indicator of the market's expectation of volatility over the near term, declined 4.08 per cent to 13.67. The NSE companies that gained the most included Trent (3.96 per cent), Jio Financial Services (3.31 per cent), Mahindra & Mahindra (3.07 per cent), Bharti Airtel ( 3.04 per cent) and Nestle India (2.77 per cent). According to Religare Broking's Mishra, 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 open the path toward the 25,600–25,800 zone. 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,' he said.
Mint
15 hours ago
- Business
- Mint
Oswal Pumps share price gains after muted listing. Should you buy, sell or hold?
Oswal Pumps share price traded higher on Friday after making a muted debut in the Indian stock market today. Oswal Pumps IPO listing date was today, 20 June 2025, and the equity shares of the company were listed on BSE and NSE. Oswal Pumps shares were listed at ₹ 634 per share on NSE, a premium of 3.26% to the issue price of ₹ 614 apiece. On BSE, Oswal Pumps share price opened at ₹ 632 apiece, higher by 2.93% than the issue price. Soon after the listing, Oswal Pumps share price rose to a high of ₹ 649.15 apiece on the BSE, and ₹ 652.00 apiece on NSE. Oswal Pumps IPO listing today was below Street expectations. Oswal Pumps IPO GMP today, or grey market premium today, signalled the debut at around 7% premium. As Oswal Pumps share listing is done, here's what analysts suggest about the stock. Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd noted that despite recovering mood in the market and robust response from all sets of investors, Oswal Pumps listing was well below expectation. 'We view Oswal Pumps as a compelling long-term investment opportunity, well-aligned with the government's continued emphasis on rural electrification and promotion of solar-powered irrigation systems. Post listing, we continue to recommend a 'Hold' for the long term, as the company is well-positioned to benefit from structural growth drivers in the agri and infrastructure sectors,' said Tapse. For non-allotted investors, he suggests considering accumulating Oswal Pumps shares on any dips post-listing, particularly if broader market sentiment causes short-term volatility. 'The business offers a strong combination of sectoral tailwinds and value-based fundamentals,' Tapse added. Mahesh M. Ojha, AVP Research and Business Development at Hensex Securities Pvt Ltd, advises long-term investors may consider holding Oswal Pumps shares, especially given the company's scale, market share, and alignment with India's renewable and agri-infra goals. The solar pump space offers secular growth opportunities, and Oswal Pumps is well-positioned. 'Short-term investors who entered purely for listing gains might consider partially booking profits if Oswal Pumps share price rises above ₹ 675, but keeping some exposure could be prudent, given potential re-rating as visibility improves post-listing. New investors should wait for some price discovery post-listing before making fresh allocations, especially given the broader market volatility and potential post-listing selling pressure,' Ojha said. He believes Oswal Pumps stock presents a compelling long-term story, particularly for investors with a medium- to long-term horizon aligned with India's clean energy and agri-tech themes. At 1:10 PM, Oswal Pumps share price was trading 1.55% higher from listing price and up 4.53% from issue price at ₹ 641.80 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
7 days ago
- Business
- Hans India
Mkts tumble 1% on flaring geopolitical tensions
Mumbai: Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Friday as weak global markets and a spike in Brent crude oil prices after Israel attacked Iran's capital weighed on investor sentiment. Falling for the second day in a row, the 30-share BSE Sensex dived 573.38 points or 0.70 per cent to settle at 81,118.60. During the morning trade, it tanked 1,337.39 points or 1.63 per cent to 80,354.59. As many as 2,469 stocks declined while 1,516 advanced and 137 remained unchanged on the BSE. The 50-share NSE Nifty dropped 169.60 points or 0.68 per cent to 24,718.60. On a weekly basis, the BSE benchmark tanked 1,070.39 points or 1.30 per cent, and the Nifty declined 284.45 points or 1.13 per cent. Investors stayed away from riskier assets amid fears of a full-blown war between Israel and Iran and foreign fund outflows. 'Rising tensions in the Middle East after Israel attacked key Iranian areas drove investors to safe-haven assets like gold as riskier equities continued to face battering. Along with fresh concerns of the US likely to impose unilateral tariffs over next few weeks and higher valuations of domestic equities resulted in consolidation of markets,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Among the Sensex firms, Adani Ports, ITC, State Bank of India, IndusInd Bank, HDFC Bank, Titan, Kotak Mahindra Bank and UltraTech Cement were the major laggards. On the other hand, Tech Mahindra, Tata Consultancy Services, Sun Pharma and Maruti were the gainers. The BSE midcap gauge declined 0.32 per cent and smallcap index dipped 0.30 per cent. Among BSE sectoral indices, services tumbled 2.06 per cent, bankex (1.01 per cent), FMCG (0.94 per cent), financial services (0.85 per cent), metal (0.81 per cent) and power (0.75 per cent). Healthcare index and realty were the only winners. 'Indian equity benchmarks experienced downward pressure, driven by weak global cues and foreign institutional outflows. Market sentiment was notably impacted by heightened geopolitical tensions following Israel's military strike on Iran, which significantly increased risk aversion among investors. Although India's CPI for May eased below the RBI's comfort threshold, offering a positive macro signal, this was largely overshadowed by external headwinds.
The Print
13-06-2025
- Business
- The Print
Stock markets tumble nearly 1 pc on rising geopolitical tensions, boiling crude oil prices
As many as 2,469 stocks declined while 1,516 advanced and 137 remained unchanged on the BSE. Falling for the second day in a row, the 30-share BSE Sensex dived 573.38 points or 0.70 per cent to settle at 81,118.60. During the morning trade, it tanked 1,337.39 points or 1.63 per cent to 80,354.59. Mumbai, Jun 13 (PTI) Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Friday as weak global markets and a spike in Brent crude oil prices after Israel attacked Iran's capital weighed on investor sentiment. The 50-share NSE Nifty dropped 169.60 points or 0.68 per cent to 24,718.60. On a weekly basis, the BSE benchmark tanked 1,070.39 points or 1.30 per cent, and the Nifty declined 284.45 points or 1.13 per cent. Investors stayed away from riskier assets amid fears of a full-blown war between Israel and Iran and foreign fund outflows. 'Rising tensions in the Middle East after Israel attacked key Iranian areas drove investors to safe-haven assets like gold as riskier equities continued to face battering. Along with fresh concerns of the US likely to impose unilateral tariffs over next few weeks and higher valuations of domestic equities resulted in consolidation of markets,' Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Among the Sensex firms, Adani Ports, ITC, State Bank of India, IndusInd Bank, HDFC Bank, Titan, Kotak Mahindra Bank and UltraTech Cement were the major laggards. On the other hand, Tech Mahindra, Tata Consultancy Services, Sun Pharma and Maruti were the gainers. The BSE midcap gauge declined 0.32 per cent and smallcap index dipped 0.30 per cent. Among BSE sectoral indices, services tumbled 2.06 per cent, bankex (1.01 per cent), FMCG (0.94 per cent), financial services (0.85 per cent), metal (0.81 per cent) and power (0.75 per cent). Healthcare index and realty were the only winners. 'Indian equity benchmarks experienced downward pressure, driven by weak global cues and foreign institutional outflows. Market sentiment was notably impacted by heightened geopolitical tensions following Israel's military strike on Iran, which significantly increased risk aversion among investors. Although India's CPI for May eased below the RBI's comfort threshold, offering a positive macro signal, this was largely overshadowed by external headwinds. 'Brent crude prices climbed to near USD 76/barrel, their highest this year, raising fears of inflation if tensions persist,' Vinod Nair, Head of Research, Geojit Investments Limited, said. Global oil benchmark Brent crude jumped 7.44 per cent to USD 74.52 a barrel. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled lower. European markets were quoting lower. US markets ended in positive territory on Thursday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,831.42 crore on Thursday, according to exchange data. Meanwhile, a London-bound Air India plane carrying 242 passengers and crew crashed in Ahmedabad minutes after taking off from the airport on Thursday afternoon. Air India has confirmed the death of 241 people in the plane crash. One passenger miraculously escaped. On Thursday, the 30-share BSE Sensex dropped 823.16 points or 1 per cent to settle at 81,691.98. The Nifty tumbled 253.20 points or 1.01 per cent to 24,888.20. PTI SUM SUM BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Mint
13-06-2025
- Business
- Mint
Indian stock market: 10 things that changed for market overnight - Gift Nifty, Israel-Iran conflict to crude oil prices
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday amid weak global cues after Israel launched airstrikes on Iran, raising fears of wider conflict in the Middle East. Asian markets traded lower, while US stock futures dropped after escalating tension in the Middle East. On Thursday, the Indian stock market ended sharply lower, with both the benchmark indices falling a percent each. The Sensex dropped 823.16 points, or 1.00%, to close at 81,691.98, while the Nifty 50 settled 253.20 points, or 1.01%, lower at 24,888.20. 'A host of factors triggered a massive slump in local benchmarks, as investors exited stocks at will weighed down by weak global sentiment coupled with the possibility of Israel attacking Iran, and a renewed tariff threat by US President Trump. Spike in crude oil prices and erratic FII fund flows this month has been adding to the overall uncertainty,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Here are key global market cues for Sensex today: Asian markets traded lower on Friday after Israel conducted a military strike on Iran, targeting its nuclear program. Japan's Nikkei 225 declined 1.28%, while the Topix dropped 1.22%. South Korea's Kospi fell 0.83% and the Kosdaq plunged 1.82%. Hong Kong's Hang Seng index futures indicated a higher opening. Gift Nifty was trading around 24,734 level, a discount of nearly 203 points from the Nifty futures' previous close, indicating a gap-down start for the Indian stock market indices. US stock market ended higher on Thursday led by tech stocks. However, US stock futures declined as tensions in the Middle East worsened. The Dow Jones Industrial Average gained 0.24% to 42,967.62, while the S&P 500 rose 0.38% to end at 6,045.26. The Nasdaq closed 0.24% higher at 19,662.49. Microsoft, Nvidia and Broadcom shares rose over 1%. Oracle stock price jumped 13.3%, while Boeing share price fell almost 5%. Newmont gained 4.9%, Harmony Gold shares rallied 4.1% and AngloGold Ashanti stock price surged 6.4%. Israel said it had struck Iranian nuclear targets to block Tehran from developing atomic weapons. Calling the offensive 'Rising Lion,' Israel said it was also targeting Iranian commanders and missile factories, Reuters reported. Iranian media reported explosions including at the country's main uranium enrichment facility. Israel also declared a state of emergency in anticipation of retaliatory missile and drone strikes by Tehran. Crude oil prices jumped 8% to hit the highest in more than two months after Israel said it struck Iran. Brent crude oil prices rallied 7.67% to $74.68 a barrel, while the US West Texas Intermediate (WTI) crude futures surged 8.00% to $73.48. US producer prices increased less than expected in May. The producer price index (PPI) for final demand rebounded 0.1% last month after a revised 0.2% decline in April. Economists polled by Reuters had forecast the PPI rising 0.2% after a previously reported 0.5% drop in April. In the 12 months through May, the PPI advanced 2.6% after rising 2.5% in April. The number of Americans filing new applications for unemployment benefits was unchanged at higher levels last week. Initial claims for state unemployment benefits held steady at a seasonally adjusted 248,000 for the week ended June 7. Economists polled by Reuters had forecast 240,000 claims for the latest week. Retail inflation in India cooled to its lowest level in over six years in May, helped by a sharp moderation in food prices. Consumer Price Index (CPI)-based inflation eased to 2.82% YoY, down from 3.16% in April and 4.8% in May last year. The US dollar rallied alongside the safe-haven Japanese yen and Swiss franc, after Israel launched strikes on Iran. The dollar index, which measures the greenback against six other currencies, gained 0.4%, and was last at 98.07. Against the yen, the dollar slipped 0.35% to 143 per dollar, while the Swiss franc tumbled 0.39% to 0.807 per dollar. Gold prices rose and were poised for a weekly gain, as Middle East tensions boosted demand for safe-haven assets. Spot gold price gained 0.8% to $3,412.29 an ounce. Bullion has gained 3.1% so far this week. US gold futures gained 1.2% to $3,384.40. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
