Latest news with #Sensex
Indian Express
3 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.
Time of India
3 hours ago
- Business
- Time of India
Nithin Kamath: Why the broking business isn't as glamorous as it seems
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Zerodha co-founder Nithin Kamath has offered a candid assessment of the hidden risks in India's broking business—particularly what he calls a 'massive concentration risk' that the market rarely talks a post on X, Kamath recalled a conversation with a veteran from private equity who had evaluated a broking firm in 2008 but backed out. 'The revenue was concentrated in just a handful of clients,' the investor had said—something that spooked them. At the time, a very small group of traders generated most of the exchange turnover. 'This was a lot worse back then,' Kamath forward to today, and while the number of retail traders has increased, the problem hasn't gone away—it has only shifted shape. 'For us, it's over 80%,' Kamath said, referring to the share of Zerodha's revenue that comes from just two F&O contracts: Nifty and Sensex. He added that this trend is true for most brokers in a risky dependence. 'That means one change can wipe out a big chunk of our revenues,' he makes it worse, Kamath pointed out, is the lack of alternative revenue levers in India. There's no payment for order flow (PFOF)—a controversial but lucrative practice in countries like the US. Cryptocurrency trading is largely off the table. And new rules such as quarterly fund settlement, which require brokers to return all unutilized funds to customer accounts every quarter, add operational stress.'I wonder why the brokerage business looks so sexy from the outside,' Kamath reflection is a rare public unpacking of how regulatory limits, market behaviour, and structural dependencies create a fragile business model—even for India's most successful brokerages.
Economic Times
3 hours ago
- Business
- Economic Times
Nithin Kamath: Why the broking business isn't as glamorous as it seems
Zerodha co-founder Nithin Kamath has offered a candid assessment of the hidden risks in India's broking business—particularly what he calls a 'massive concentration risk' that the market rarely talks about. ADVERTISEMENT In a post on X, Kamath recalled a conversation with a veteran from private equity who had evaluated a broking firm in 2008 but backed out. 'The revenue was concentrated in just a handful of clients,' the investor had said—something that spooked them. At the time, a very small group of traders generated most of the exchange turnover. 'This was a lot worse back then,' Kamath noted. Fast forward to today, and while the number of retail traders has increased, the problem hasn't gone away—it has only shifted shape. 'For us, it's over 80%,' Kamath said, referring to the share of Zerodha's revenue that comes from just two F&O contracts: Nifty and Sensex. He added that this trend is true for most brokers in India. That's a risky dependence. 'That means one change can wipe out a big chunk of our revenues,' he makes it worse, Kamath pointed out, is the lack of alternative revenue levers in India. There's no payment for order flow (PFOF)—a controversial but lucrative practice in countries like the US. Cryptocurrency trading is largely off the table. And new rules such as quarterly fund settlement, which require brokers to return all unutilized funds to customer accounts every quarter, add operational stress.'I wonder why the brokerage business looks so sexy from the outside,' Kamath quipped. ADVERTISEMENT His reflection is a rare public unpacking of how regulatory limits, market behaviour, and structural dependencies create a fragile business model—even for India's most successful brokerages. (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
3 hours ago
- Business
- Economic Times
Stock market update: Nifty Auto index advances 1.04%
(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
Economic Times
3 hours ago
- Business
- Economic Times
Accenture beats third-quarter revenue estimates
(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
