Latest news with #NiftySmallcap100
Hans India
18 hours ago
- Business
- Hans India
Indian stock market opens higher amid positive Asian cues
The Indian benchmark indices opened higher on Friday amid positive Asian cues, as buying was seen in the PSU bank, IT and auto sectors in the early trade. At around 9.25 am, Sensex was trading 228.15 points or 0.28 per cent up at 81,590.02 while the Nifty added 55.10 point or 0.22 per cent at 24,848.35 Nifty Bank was up 102.35 points or 0.18 per cent at 55,679.80 The Nifty Midcap 100 index was trading at 57,143.10 after dropping 16.85 points or 0.03 per cent. Nifty Smallcap 100 index was at 17,950.60 after declining 62.50 points or 0.35 per cent. According to analysts, Nifty, which has been trading within the 24,500-25,000 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," said Dr. VK Vijayakumar, Chief Investment Strategist of Geojit Investments Limited. Meanwhile, in the Sensex pack, Bajaj Finserv, UltraTech Cement, M&M, Eternal, SBI, Axis Bank and Sun Pharma were the top gainers. Whereas, IndusInd Bank, Bajaj Finance, Tech Mahindra, Kotak Mahindra Bank and PowerGrid were the top losers. The foreign institutional investors (FIIs) extended their buying on the third consecutive day on June 19 as they bought equities worth Rs 934.62 crore. On the other hand, domestic institutional investors (DIIs) also extended their buying as they bought equities of Rs 605.97 crore on the same day. In the Asian markets, Bangkok, Japan, Seoul, Hong Kong and China were trading in green, while only Jakarta was trading in red. The US stock market was closed on Thursday in observance of Juneteenth National Independence Day. In the last trading session on Wednesday, Dow Jones in the US closed at 42,171.66, down 44.14 points, or 0.10 per cent. The S&P 500 ended with a loss of 1.85 points, or 0.03 per cent, at 5,980.87 and the Nasdaq closed at 19,546.27, up 25.18 points, or 0.13 per cent.
Indian Express
a day ago
- Business
- Indian Express
Why mid- and small-cap stocks witnessed selling pressure while Sensex, Nifty closed flat
Mid-cap and small-cap indices felt the heat on Thursday as investors became jittery amid growing uncertainties owing to an escalation in the Israel-Iran conflict. The Nifty Midcap 100 and the Nifty Smallcap indices fell 1.8 per cent and 2.28 per cent, respectively, during the intraday trades. The Nifty Midcap 100 plunged 1.83 per cent, or 1,061.75 points to a low of 57,047.45 in the intraday trades. The Nifty Smallcap 100 tanked 2.28 per cent, or 419.9 points, to a low of 17,958.55 during intraday trades. Both indices recovered mildly towards the end of the session, with the Nifty Midcap 100 settling 1.63 per cent lower and the Nifty Smallcap 100 down 1.99 per cent at market closing. In comparison, the benchmark indices, Sensex and Nifty, ended almost flat. The BSE's Sensex lost 0.1 per cent, or 82.79 points, to end at 81,361.87. The broader Nifty 50 declined 0.08 per cent, or 18.8 points, to finish at 24,793.25. Market analysts said that risk-off sentiments in the market is triggered by the crisis in West Asia and its economic fallout. During a risk-off period investors would prefer safe assets. The resilience in gold is due to this safe haven buying. 'In stocks, large caps are relatively fairly valued when compared with the mid- and small-caps, which are excessively valued. These excessive valuations are due to the sustained flows into these segments. It appears that investors are shifting from the risky over-valued mid- and small-cap segments to the safety of large caps,' said VK Vijayakumar, chief investment strategist, Geojit Investments Ltd. Whenever there is some kind of uncertainty in the market, retail investors tend to panic, which leads to heavy selling. This was evident in today's trading session, said G Chokkalingam, founder and head of research, Equinomics. From the Nifty Midcap 100 index, the companies that registered highest losses included Indian Renewable Energy Development Agency Ltd ( 4.3 per cent), Supreme Industries (4.22 per cent), Adani Total Gas Ltd (4.14 per cent), Rail Vikas Nigam Ltd (4.11 per cent) and LIC Housing Finance (3.78 per cent). Among the Nifty Smallcap constituents, firms that dropped the most included Brainbees Solutions (6.25 per cent), Inventurus Knowledge Solutions (5.54 per cent), Cyient Ltd (5.27 per cent) and Reliance Power Ltd (5 per cent).
New Indian Express
a day ago
- Business
- New Indian Express
Small-cap and midcap bleeds as investors loses Rs 4 lakh crore
NEW DELHI: India's equity markets, particularly midcap and smallcap stocks, faced intense selling pressure as investors turned cautious amid hawkish signals from the US Federal Reserve and escalating tensions between Iran and Israel. While the benchmark indices—BSE Sensex and NSE Nifty—ended marginally lower for the third consecutive session on Thursday, the midcap and smallcap segments bore the brunt of the selloff, plunging up to 2%. The Nifty Smallcap 100 tumbled 1.99%, while the Nifty Midcap 100 dropped 1.63%. The sharp decline in the broader market wiped out nearly Rs 4 lakh crore of investor wealth, dragging the total market capitalisation of BSE-listed firms down to Rs 442.5 lakh crore from Rs 446.3 lakh crore in the previous session. "Broader market sentiment remained risk-averse, as mid- and small-cap segments witnessed pronounced profit-booking. The Nifty Midcap 100 and Nifty Smallcap 100 declined over 1.5% apiece, reflecting a flight to safety as market participants rotated capital into large-cap, defensively positioned blue-chip counters," said analysts at Bajaj Broking. The brokerage added that the persistent downtrend was underscored by escalating geopolitical tensions in the Middle East, adding to investor caution. As Israel and Iran continue to trade blows, there has been a steady rise in oil prices. On the global front, the US Federal Reserve, in its latest FOMC policy outcome, kept the federal funds rate steady at 4.25%–4.50%, in line with market expectations. The Fed also reiterated the risks arising from the trade war triggered by President Donald Trump's tariff policies. Ajit Mishra – SVP, Research, Religare Broking said that the strength in the benchmark index does not reflect the underlying market tone, as we are witnessing gradual profit booking across sectors and in the broader market. "With geopolitical tensions driving crude prices higher, further deterioration is likely if crude makes a sustained move above the $80 mark. We reiterate our cautious view and advise closely monitoring positions until we see further clarity," added Mishra. Sectorally, Nifty PSU Bank, Nifty Metal, and Nifty Media indices correcting sharply on Thursday, each shedding up to 2%. Among Nifty50 stocks, Adani Ports fell 2.52% while Bajaj Finance and Adani Enterprises were among other top laggards.
Hans India
a day ago
- Business
- Hans India
Sensex, Nifty end marginally lower as geopolitical tensions, Fed decision weigh on sentiment
Mumbai: The Indian stock market closed lower on Thursday as investors remained cautious due to rising tensions between Iran and Israel, unstable crude oil prices, and concerns around US President Donald Trump's looming reciprocal tariffs. The Sensex declined by 82.79 points, or 0.10 per cent, to close at 81,361.87. During the day, it moved between an intra-day high of 81,583.94 and a low of 81,191.04. Similarly, the Nifty also ended lower by 18.80 points, or 0.08 per cent, to settle at 24,793.25. The uncertainty was heightened after the US Federal Reserve decided to keep interest rates unchanged at 4.25 to 4.5 per cent. "The Indian equity index experienced rangebound movement with a negative bias as cautious sentiment spread across the globe, driven by concerns over potential US involvement in the Middle-East conflict," said Vinod Nair of Geojit Investments Limited. Investor mood was further affected by the Fed's decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which weighed on software export stocks, Nair added. In Sensex, the biggest drags on the index were Bajaj Finance, Tech Mahindra, IndusInd Bank, and Nestle India, which fell between 2.50 per cent and 1.28 per cent. On the other hand, Mahindra & Mahindra, Titan Company, Maruti Suzuki India, Bharti Airtel, and Larsen & Toubro managed to close in the green, with gains ranging from 1.57 per cent to 0.32 per cent. The broader market also witnessed selling pressure. The Nifty Midcap100 index fell by 1.63 per cent, while the Nifty Smallcap100 dropped by 1.99 per cent -- indicating weakness in mid and small-cap stocks. The Nifty Auto index stood out by closing in the green, even as the broader market remained under pressure. It was the only sectoral index to end in positive territory, rising by 0.52 per cent. In contrast, the Nifty PSU Bank index was the worst performer among sectoral indices, ending the day with a sharp decline of 2.04 per cent. Other sectors also faced heavy selling. The Nifty Metal, Media, and Realty indices each slipped more than 1 per cent. The Indian rupee extended its decline for the third consecutive day, driven by persistent geopolitical uncertainty and a hawkish stance from the US Federal Reserve. 'The rupee's depreciation may continue in the near term, with the USD/INR pair potentially heading towards the 87 to 87.50 range,' said Dilip Parmar from HDFC Securities. Meanwhile, Gold traded in a volatile range. Comex gold moved between $3,347 and $3,375, while MCX gold traded between Rs 98,650 and Rs 99,450.
India.com
3 days ago
- Business
- India.com
Indian Stock Market Trades In Green Amid Rising Geopolitical Tensions
Mumbai: The domestic benchmark indices opened lower on Wednesday amid rising geopolitical tensions, but turned green in the early trade as buying was seen in the auto, IT and PSU bank sectors. At around 9.32 am, Sensex was trading 160.49 points or 0.20 per cent up at 81,743.79 while the Nifty added 57.40 point or 0.23 per cent at 24,910.80. Nifty Bank was up 33 points or 0.06 per cent at 55,747.15 The Nifty Midcap 100 index was trading at 58,358.95 after dropping 20.35 points or 0.03 per cent. Nifty Smallcap 100 index was at 18,412.80 after declining 7.55 points or 0.04 per cent. According to analysts, the market's hopes for de-escalation in in the Middle East war faded, as US President Donald Trump called for 'Unconditional Surrender' from Iran. Latest posts by Trump and the US defence movements in West Asia signal aggravation of the conflict, said market experts. However, there is no panic in global equity markets and it appears that the markets' assessment is that this conflict will end soon without impacting the global economy," added Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited. In the Sensex pack, Power Grid, Kotak Mahindra Bank, Infosys, HDFC Bank, Axis Bank, NTPC and M&M were the top losers. Whereas, Indusind Bank, HCL Tech, Sun Pharma, Eternal and TCS were the top gainers. "Nifty encountered resistance around the 61.8 per cent retracement level of the recent decline, and it has witnessed a correction from there. Yesterday's high of 24,982 is the immediate resistance level on the way up. On the way down, 24,550–24,450 will be a critical support zone," said Vikram Kasat, Head-Advisory, PL Capital. On the institutional front, foreign institutional investors (FIIs) were net buyers as they bought equities worth Rs 1,616.19 crore on June 17, while domestic institutional investors (DIIs) purchased equities worth Rs 7,796.57 crore. In the Asian markets, Bangkok, Japan and Seoul were trading in green. Whereas Jakarta, Hong Kong and China were trading in red. In the last trading session, Dow Jones in the US closed at 42,215.80, down 299.29 points, or 0.70 per cent. The S&P 500 ended with a loss of 50.39 points, or 0.84 per cent, at 5,982.72 and the Nasdaq closed at 19,521.09, down 180.12 points, or 0.91 per cent.
