Latest news with #Nifty500
Time of India
9 hours ago
- Business
- Time of India
Hyundai Motor, Bharti Airtel among 5 Nifty500 stocks that touch 52-week highs on Friday
The Indian stock market saw a sharp surge on Friday, led by gains in financial stocks after the RBI relaxed project financing rules. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Indian equity benchmarks edged higher on Friday, led by gains in financial stocks after the RBI relaxed project financing rules. However, escalating tensions in the Middle East capped broader market mixed sentiment, five stocks from the Nifty500 index touched fresh 52-week highs. Here's a snapshot of the top performers:Despite the broader market weakness, five stocks from the Nifty500 index touched fresh 52-week highs. Here's a snapshot:Hyundai Motor India | 52-week high: Rs 1,985 | Up 10% YTD Bharti Airtel | 52-week high: Rs 1,924 | Up 20% YTD BEL | 52-week high: Rs 407.9 | Up 38% YTD Aditya Birla Capital | 52-week high: Rs 261 | Up 45% YTDAuthum Investment & Infrastructure | 52-week high: Rs 2,596 | Up 36% YTD
Time of India
13 hours ago
- Business
- Time of India
Sensex Rejig: Trent, BEL to see over $700 million in inflows; Nestle, IndusInd face exit
The BSE Sensex is set for a reshuffle next week, with Tata Group's Trent and Bharat Electronics (BEL) entering the benchmark 30-share index, replacing Nestle India and IndusInd Bank . The changes, announced earlier, will take effect from Monday, June 24, while passive fund flows linked to the rejig are expected on June 20. According to estimates by Nuvama Alternative Research, Bharat Electronics could see inflows of around $378 million — approximately 2.8 times its average daily volume (ADV). BEL shares have rallied 38% over the last six months, driven by strong interest in defence sector stocks. Trent, the Tata Group's retail arm, may witness passive inflows of $330 million, or 5.8 times its ADV. Despite a 15% decline over the past six months, Trent remains a key large-cap component in the BSE 100 index. Also Read: Adani Energy among 8 Nifty500 stocks that may rally over 50% in next 12 months On the other hand, Nestle India is likely to see outflows of $230 million — roughly 10.7 times its average daily volume (ADV) — following its removal from the index. The stock has gained 8% over the last six months. Live Events IndusInd Bank, which has faced scrutiny over governance concerns in recent months, will also be excluded. The lender may see outflows of $145 million, equivalent to about 1.9 times its ADV. Also Read: These 9 Nifty Microcap Index stocks trading below industry PE may rally up to 42% Among other changes, UltraTech Cement will see a marginal weight increase, with estimated inflows of $4 million. Meanwhile, index heavyweights such as HDFC Bank , Bharti Airtel , Reliance Industries , ICICI Bank , Infosys , Sun Pharma , L&T, and ITC are expected to see minor weight reductions, possibly resulting in limited passive outflows. Separately, the FTSE index rejig is also expected to trigger significant inflows into several Indian stocks. Vishal Mega Mart may see the highest inflow at $115 million, followed by Hyundai Motor India ($56 million), Waaree Energies ($49 million), Swiggy ($32 million), and NTPC Green Energy ($22 million). Additionally, Reliance Industries could receive $57 million in inflows, with an estimated 3 million shares being added—though this represents only 0.3 times its average daily volume (ADV). Other companies expected to be included in the FTSE indices include Afcons Infrastructure, OneSource Specialty Pharma, Sai Life Sciences, and Inventurus Knowledge. Index rebalancing exercises are closely tracked by investors as they influence passive fund flows and reflect broader market trends. These adjustments help ensure that benchmark indices such as the Sensex remain aligned with India's evolving equity landscape. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) ETMarkets WhatsApp channel )
Mint
14 hours ago
- Business
- Mint
Muthoot Finance, BEL to MCX: 19 Nifty 500 stocks hit 1-year highs this week amid geopolitical uncertainty
Stock market today: The Indian stock market remained range-bound this week as tensions in West Asia continued to keep investor sentiment fragile toward risky assets. The conflict between Iran and Israel, which showed no signs of de-escalation as it entered its eighth day, has pushed crude oil prices higher and dampened sentiment in India. Crude prices jumped nearly 3% on Thursday after Israel reportedly bombed nuclear targets in Iran, prompting retaliatory missile and drone strikes by Iran, including an attack on an Israeli hospital overnight. With prices staying elevated, crude is set to end the week with healthy gains, marking its third straight weekly advance. Meanwhile, all eyes are on the White House as President Donald Trump weighs launching direct military strikes on Iran, with a decision expected within two weeks. In response, Russia has warned the United States against taking military action, adding to the geopolitical uncertainty. While the heightening geopolitical tensions keep the markets wary, the lack of domestic triggers has also failed to provide fresh momentum for the bulls. Meanwhile, rich valuations in the mid- and small-cap segments have raised caution among investors, resulting in sharp corrections over the past few sessions." Foreign portfolio inflows have also been unsupportive, fluctuating throughout the week. While domestic institutional investors have offered some support, it hasn't been enough to lift the markets decisively higher. Amid ongoing market volatility, 19 stocks from the Nifty 500 index managed to touch fresh 52-week highs this week. Notably, most of these names came from the mid- and small-cap segments, outperforming the broader market. NBFC stocks have led the rally, boosted by the RBI's surprise 50 basis point cut in the repo rate and a 100-basis point reduction in the CRR. This has improved investor sentiment, with expectations that enhanced system liquidity will drive a sharp uptick in vehicle loans. Additionally, the hike in loan-to-value (LTV) ratio for gold loans has fueled a rally in gold-focused NBFCs. Scrip Name 52-week high price Muthoot Finance ₹ 2,669.90 Authum Investment ₹ 2,591.80 Au Small Finance Bank ₹ 808 Aditya Birla Capital ₹ 259.42 Max Financial Services ₹ 1,606.10 Navin Fluorine International ₹ 4,795.50 Multi Commodity Exchange ₹ 8,029.50 Redington ₹ 309.95 Bharat Electronics ₹ 407.50 Solar Industries ₹ 17,300 Lloyds Metals & Energy ₹ 1,545.50 Max Healthcare ₹ 1,256.20 Intellect Design Arena ₹ 1,255 Karur Vysya Bank ₹ 253.50 Narayana Hrudayalaya ₹ 1,957 Laurus Labs ₹ 683 JK Cement ₹ 6145 The Ramco Cements ₹ 1,082.50 Manappuram Finance ₹ 284.90 Source: Trendlyne Select defence and pharma stocks have also continued their upward momentum. In the previous trading session, NBFC stocks like Muthoot Finance, Authum Investment & Infrastructure, Aditya Birla Capital, and Max Financial Services hit their respective 52-week highs. Other stocks that touched their one-year peaks this week include Navin Fluorine, MCX, Redington, defense majors like Bharat Electronics and Solar Industries, as well as Lloyds Metals & Energy, Max Healthcare, Karur Vysya Bank, Intellect Design Arena, Laurus Labs, JK Cement, The Ramco Cements, and Manappuram Finance. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, 'Nifty, which has been trading within the 24500-25000 range for about a month now, is likely to remain within this range in the near term. The upper side of the range will be broken only on news of de-escalation of the Israel-Iran conflict or an abrupt end to the war.' There is uncertainty on this. The lower side of the range is unlikely to break since big buying, particularly by domestic institutions, will emerge on dips. If the war lingers and crude rises beyond $85, the lower band of the range will be broken. "A distinct feature of the market trend visible in yesterday's trade was the weakness in the broader market. While Nifty remained almost flat, SMIDs cracked, with the small-cap index correcting sharply by 2%. This trend of weakness in the broader market is likely to continue since they are excessively valued, and the ongoing risk-off can lead to further selling in this segment. Money may move from the overvalued SMIDs to the fairly valued, safe large caps in financials, industrials, autos, and real estate," he further added. 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 taking any investment decisions.
India Gazette
a day ago
- Business
- India Gazette
Markets end flat amid Middle East tensions, Fed caution weighs on investors' sentiment
Mumbai (Maharashtra) [India], June 19 (ANI): India's equity benchmarks remained muted on Thursday and ended with a marginal loss, possibly due to the ongoing geopolitical conflict in the Middle East and cautious signals from the US Federal Reserve, dampening investors' sentiment. At the end of the trading session on Thursday, BSE Sensex settled at 81,361.87, slipping 82.79 points or 0.10 per cent, while Nifty 50 at National Stock Exchange (NSE) was down 18.80 points or 0.08 per cent at 24,793.25 Within the Nifty constituents, Tata Consumer, Eicher Motors, and Mahindra & Mahindra emerged as the top performers, offering some pockets of strength. In contrast, Adani Ports and Bajaj Finance weighed on the index, ending as top laggards. From a sectoral perspective, Nifty Auto stood out as the sole gainer, while all other sectoral indices closed in the red. Nifty PSU Bank and Nifty Media were the top losers. The market breadth remained extremely weak, as evident from the advance-decline ratio skewed heavily in favour of decliners. Out of the Nifty 500 universe, only 61 stocks managed to end in green, while a staggering 438 stocks closed lower, signalling deep-rooted selling pressure across the board. Observing the market sentiment, Sudeep Shah, Head - Technical Research and Derivatives at SBI Securities said, 'With major indices failing to show leadership and broader markets losing key supports, the overall structure remains fragile, and a decisive trigger is needed to break the prevailing range-bound phase.' 'The Indian market is currently in a state of indecision due to various macroeconomic factors. This uncertainty is also reflected in recent price movements, as Nifty formed a Doji high wave pattern on the daily timeframe,' said VLA Ambala, Co-Founder of Stock Market Today. She added, 'The Fed's decision not to change interest rates represents a contrasting approach compared to the RBI and the government, who are confident about India's trade deals and the performance of the INR. However, market momentum and macroeconomic factors suggest that we remain vigilant. Any increase in inflationary pressure or signs of recession could cast a shadow over our markets.' The banking benchmark index, Bank Nifty, slipped into negative territory on Thursday, mirroring the broader market's lacklustre tone. However, for the third straight session, the banking benchmark has remained confined within a narrow trading range of 56067 to 55511, highlighting a phase of low volatility and indecision. Amid the uncertain conditions, broader market volatility remains moderate. India VIX is currently at 14.26, reflecting volatile investor sentiment. However, analysis suggests that an increase in volatility in the upcoming sessions is expected. (ANI)
Mint
a day ago
- Business
- Mint
Is India's premium at risk? As Israel-Iran conflict sparks FPI outflows, valuation debate rages
Cautious investor sentiment because of the Israel-Iran conflict has sparked a significant flight of foreign capital from India, reversing recent inflows. Foreign portfolio investors (FPIs) have already pulled nearly ₹8,423 crore from domestic equities in June. This outflow follows ₹19,860 crore and ₹4,223 crore of inflows in the preceding two months, respectively. FPIs remain net sellers for the year, and experts anticipate further outflows if the conflict extends. 'FPIs are free birds and aren't under any compulsion to buy stocks at specific prices to support the counter like we do," said Apurva Sheth, head of market perspectives and research at SAMCO Securities. 'Their latest position in the derivatives segment shows that they are heavily bearish on the Indian stock market." But experts also say such concerns might be transitory as India still offers the best growth story in an era of global slowdown. 'India's macro fundamentals are head and shoulders above any other top 10 economy in the world," said Vikas Gupta, chief executive and chief investment strategist at OmniScience Capital. 'From GDP growth numbers to inflation control, building forex (foreign exchange) reserves to maintaining forex stability, even controlling the fiscal and current account deficits, from all angles we are one of the strongest worldwide." Naturally, India has been commanding a premium over its global peers, particularly in the previous five years. The benchmark Nifty 50 is trading at 23.3 times its one-year forward earnings estimate, a level that, while having moderated, sits closer to September when the domestic markets had peaked, Bloomberg data indicates. A premium valuation made sense in the past because Indian Inc's earnings grew at a compound annual growth rate (CAGR) of about 24% in the last four years, said Jaiprakash Toshniwal, fund manager and senior equity research analyst at LIC Mutual Fund Asset Management. '(However,) we need to keep in mind that earnings growth is expected to be in the lower double digits in the medium term based on consensus estimates," he added. Still, that would be a step up from India Inc's performance in 2024-25, which was mostly dismal throughout the fiscal year. According to a recent Kotak Institutional Equities report, Nifty 500 companies reported a 5% year-on-year (y-o-y) sales growth in Q4FY25, although net profit grew 7%, mainly aided by benign raw material prices and cost-cutting measures, it said. Also read | India Inc's report card: Headwinds take a toll in Q4 A glass half full A broad-based future earnings downgrade suggests that demand woes will persist in the economy for some time. Yet, on the macro front, Ranju Rajan, head of managed accounts at Axis Securities, insists the Reserve Bank of India's ongoing liquidity measures, including a 100 basis-point rate cut this year, and a pickup in government capital expenditure will spur economic growth in FY26 and FY27. Echoing this optimism, Seshadri Sen, head of research and strategist at Emkay Global, said India will see the effects of monetary and tax stimuli playing out this financial year, particularly in the second half. 'Next year, we will see an upward revision in the government's pay commission, and then tech-related hiring will pick up from 2027," Sen said, adding that these factors will pave the way for a consumption revival. 'So I think we are at the bottom of a medium-term consumption cycle." Ample liquidity in the market has also been pushing up India's valuation premium, according to Sheth of SAMCO Securities. 'DIIs (domestic institutional investors), including mutual funds, are investing ₹1,300 crore in the Indian market almost daily, creating a situation where huge liquidity is chasing fewer stocks, resulting in their premium valuations" he said. But rising crude oil prices due to the ongoing Israel-Iran conflict may weaken the arguments for India's high valuation, Kotak Institutional Equities said in its report. If crude touches $90-100 per barrel, it can derail any hopes of India Inc's earnings recovery in FY26, as raw material costs would go up significantly, noted experts. Also read | Israel-Iran conflict: How will rising crude oil prices affect India? This bearish outlook, however, finds a counterpoint in the views of some analysts. 'We have seen that 90% of the time crude reacts much more than the actual event," said Sumit Pokharna, oil and gas analyst at Kotak Securities. 'The situation definitely remains fragile, but global demand for crude is falling and there is enough supply to keep price rises in check." As a result, several experts expect that high crude oil prices might not sustain for long. But sectors dependent on oil, such as paints, tyres, petrochemicals, automobiles, and even consumer goods, might see a dip in earnings for a quarter before bouncing back for the broader part of FY26. For now, 'insurance, cables and wires, renewable energy, and select pharma companies offer promising return potential from a growth and valuation standpoint", said Ajit Mishra, senior vice president of research at Religare Broking. These sectors are backed by compelling long-term themes of under-penetrated markets, a private capex revival, strong government-led infrastructure push, global energy transition commitments and changing demographics of the country, Mishra said. Meanwhile, India's equity market on Thursday barely reacted to the US Federal Reserve's decision to keep US benchmark interest rates unchanged at 4.25-4.5% as this was in line with expectations. Also read | Israel vs Iran could be worse for markets than Russia vs Ukraine. Here's why.
