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Pre-Market: May 14 Focus will be on Gift Nifty, Q4 Earnings, and Inflation Statistics.

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Here is all the information you require prior to the market opening on Tuesday, May 14: Gift Nifty points to a robust beginning; Zomato shares will react to Q4 Earnings; Keep an eye out for these pivotal Bank Nifty and Nifty levels.

Pre-market stock update for May 14, Tuesday:Aided by the sharp intraday rally yesterday, the NSE Nifty 50 managed to survive above the 100-DMA (Daily Moving Average) for the third straight trading session. 

The market may look to build-up on the gains, amid supportive cues from Asian peers. The focus, however, will be on the inflation data in India and the US, followed by the US Fed chief Jerome Powell speech.

Retail inflation in India eased to 4.83 per cent in April, even as food prices continued to surge. The data was release on Monday, post market hours. 

Akhil Mittal, Senior Fund Manager-Fixed Income, Tata Asset Management said the CPI numbers were in line with expectations, and hence may not have any material impact on policy / markets.

At 07:00 AM, Gift Nifty futures quoted at 22,239, suggesting a mildly positive start on the Nifty 50.

Among individual stocks Zomato will be in focus after the company posted its fourth straight quarterly net profit. 

That apart, shares of Archean Chemical, AIA Engineering, Andhra Paper, Apar Industries, Apollo Tyres, Aurionpro Solutions, Bajaj Electricals, BASF  India, Bharti Airtel, Bharti Hexacom, BLS International, Butterfly Gandhimathi, Colgate Palmolive, Devyani International, Edelweiss Financial Services, Ganesh Housing Corporation, HP Adhesives, Ideaforge Technology, Jubilant Ingrevia, Kirloskar Brothers, Man Infraconstruction, Mirco Electronics, Oberoi Realty, OnMobile Global, Patanjali Foods, PVR  Inox, Radico Khaitan, Shree Cement, Siemens, Thyrocare Technologies and Zydus Wellness will be in focus as these companies announce Q4 results today.

Trading strategy for Tuesday, May 14 – Should you be a buyer or seller today? Here’s what market experts recommend:

Osho Krishan, Sr. Analyst – Technical & Derivative Research at Angel One recommends to remain cautious amidst the rise in volatility, which may be deceptive and could trap traders on either side. He adds that traders should refrain from aggressive overnight bets, and maintain exclusivity with stock selection.

On the level-specific front, Osho expects support for the Nifty around 22,000 – 21,900, followed by the sacrosanct support of the 89-DEMA around 21,800 zone. At the higher end, 22,200-22,300 is likely to act as intermediate resistance, and a sustainable surpass could only trigger a fresh round of longs in the system.

What are Shares and Types of Shares?

Analysing the F&O data, Ashwin Ramani, Derivatives & Technical Analyst of SAMCO Securities, reveals that both the 21,800 & 21,900 Strikes saw strong put writing. The Nifty has formed a hammer pattern on the daily chart, which is considered to be a bullish reversal signal. If call writers (Bears) exit from the 22,000 Strike, then Nifty is likely to move higher.

Echoing similar terms, Om Mehra, Technical Analyst of SAMCO Securities, said the Nifty has formed a hammer candlestick pattern at the support of its rising trendline on the daily chart, signaling a potential reversal. 

The Nifty may trade within a broader range of 21,950 to 22,250 in the coming sessions. While the Nifty closed above its 100-day Moving Average (DMA), but needs to close above the crucial level of 22,300, to confirm a bullish stance to continue, Om Mehra added.

Bank Nifty halted its eight-session losing streak, showing resilience as it formed a morning star pattern on the hourly chart and rebound from lower levels, closing the session at 47,754. Currently, Bank Nifty is positioned near a crucial rising trendline. The daily Relative Strength Index (RSI) stands at 46 levels. Immediate resistance remains at 48,000; if crossed, we expect a rally till 48,250-48,300, the analyst concluded in the note.

Similarly, Neeraj Sharma, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates suggested that as per the hammer candlestick pattern, as long as the Nifty holds the support of 21,820, the relief rally will continue. The 21-DEMA is placed near 22,315, which will act as an immediate hurdle for the index. Thus, for the short term, we expect a pullback towards 22,300 levels. If the index sustains above 22,315, the pullback rally might test 22,500 levels.

Indegene Share Price Starts Strongly, Opening at ₹655 on NSE with a 45% Premium.

Global markets

Overnight, the US market ended little changed with the Dow Jones snapping its seven-day rally as investors awaited US inflation data and Fed chair Powell speech.

The yield on benchmark the US 10-year notes fell 1.6 basis points to 4.489 per cent. 

This morning in Asia, Nikkei and Taiwan gained over 0.5 per cent each. Kospi was flat. The Bank of Japan on Monday sent a hawkish signal to markets by cutting the amount of Japanese government bonds it offered to buy in a regular operation.

Nifty 50 and Sensex today: What we can expect from the Indian stock market on April 29th.

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Nifty 50 and Sensex today: The Indian standard index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The Monday opening of the Sensex and Nifty 50 Indian stock market indices is anticipated to be higher due to favorable indications from the global market.

The Indian benchmark index is out to a strong start, according to Gift Nifty’s trends. The Gift Nifty was trading at a premium of around 100 points over the previous closing of the Nifty futures, at 22,655.

The domestic equity indices closed more than half a percent down on Friday, ending a five-day winning streak.

The Nifty 50 closed 150.40 points, or 0.67%, lower at 22,419.95, while the Sensex dropped 609.28 points to conclude at 73,730.16.

On the daily chart, Nifty 50 developed a long negative candle on Friday right next to the long bull candle on Thursday.

India-bound ship attacked by Houthis in Red Sea; details here

At the highs, this indicates the formation of a bearish dark cloud cover-type candle pattern. The fact that Nifty pulled back in the following session after decisively breaking over the critical downside gap barrier of April 15 around 22,500 levels on Thursday may not be a good sign for bulls, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

On the weekly chart, a little, positive candle with a long upper shadow formed. The market appears to have established a lower high this week following a string of higher high patterns.

“The Nifty’s short-term trend appears to have turned negative following a sensible recovery from the lows. The 22,300 mark serves as immediate support, and any weakness below it could lead to further falls in the future, according to Shetti.

What to anticipate from Bank Nifty and Nifty 50 today is as follows:

Nifty 50 Prediction

On April 26, the Nifty 50 index had a severe U-turn to the downside, ending the day 150 points lower.

“Throughout the session, selling pressure on the Nifty persisted as the index was unable to hold above the critical threshold of 22,500. A heavy cloud cover pattern on the daily chart suggests a possible bearish reversal. The Nifty could extend its losses towards 22,000 below the immediate support level of 22,300, according to Rupak De, Senior Technical Analyst at LKP Securities.

On the other hand, he believes the level of 22,500 might act as a technical resistance for the Nifty.

Elvish Reaction On Fukra Insaan (Abhishek Malhan) Entry into the Playground 3.

Bank Nifty Prediction

Bank Nifty Prediction

On the daily charts, the Bank Nifty index formed a bearish candlestick pattern as it fell 294 points to close at 48,201 on Friday.

“Despite selling pressure from higher levels, the Bank Nifty index held onto the critical 488,000 support level.” Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, stated that “as long as it stays above this level, where significant open interest is concentrated on the put side, the bullish sentiment will persist.”

The immediate barrier is currently at 48,600, and Shah noted that a significant advance over this level may open the door for new all-time highs in the index.

Stock Market Highlights, April 10: Sensex gains 354 points, Nifty stays at 22,750; larger indices perform!

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Stock Market Closing Bell on April 10, 2024: Equity markets were rangebound with a positive bias on Wednesday as investors await fresh triggers for directional moves. The S&P BSE Sensex ended with gains of 354 points, or 0.47 percent, at 75,038 levels, while the Nifty50 closed at 22,754, up 111 points or 0.49 percent.

ITC, Kotak Bank, SBI, Tech M, Bharti Airtel, Asian Paints, JSW Steel, Infosys, and Reliance Industries were the top winners on the 30-stock index, rising between 1 percent and 2 percent.

Meanwhile, in the broader markets, outperformed the market with the BSE MidCap index and the BSE SmallCap index advancing 0.89 percent and 0.46 percent, respectively. 

Among sectors, the Nifty PSU Bank, FMCG, Media, and Metal indices gained in the range of 1.23 percent to 1.80 percent, while Pharma and Auto indices ended in the red.

Tech View:: ‘Decisive move above 22,750 in Nifty might induce a rally towards 23,000’

The Nifty mostly remained sideways today as investors preferred to wait ahead of the US CPI inflation data, which could potentially impact rate cuts by the Fed. The resistance zone is placed at 22,700-22,750, while support is at 22,600. A decisive move above 22,750 might induce a rally towards 23,000 in the short term. Since the market appears to be range-bound, buying on dips and selling on rallies might prove to be a good strategy with proper stop-loss measures.

Comment :: ‘Investors remain fixated on impending release of the FOMC minutes, US inflation data’

Indian markets sustained their upward momentum, buoyed by a robust performance in the broader market, albeit slightly lagging behind its Asian and European counterparts. Investor attention remains fixated on the impending release of the FOMC minutes and US inflation data later today. Following the release of strong US job data, market sentiments are inclined towards an anticipation of spike inflation, thereby reducing the likelihood of a near-term rate cut. Additionally, Fitch’s recent downgrade of China’s credit rating could potentially reverberate through the global economy, warranting a caution.

Currency check:: Rupee gains 12 paise vs US dollar, ends at 83.19/$

Broader markets :: MidCap index adds nearly 1%

Sectoral trends :: Nifty PSU Bank, Media rally up to 1.8%

Sensex Heatmap:: ITC, SBI, and Airtel end as top gainers on the 30-stock index

Closing Bell:: Nifty holds 22,750

Closing Bell:: Sensex ends 354 pts higher ahead of US CPI data

Vodafone Idea stock may more than half amid subscriber churn: CLSA

“Beyond the planned capital expenditure and 5G rollout, Vi faces a financial crunch in FY26CL. Annual spectrum and AGR payments of $4 billion per annum will fall due unless the government converts debt principal to equity at the end of the moratorium,” CLSA said in its latest report.

Tata Motors-owned JLR India sales rise 81% at 4,436 units in FY24

Retail sales of SUVs, Range Rover, and Defender continued to grow with year-on-year increases of 160% and 120% respectively.

JLR

Vodafone Idea to launch FPO next week seeks to raise Rs 18,000-20,000 cr

Vodafone Idea (Vi) is preparing to launch a follow-on public offer (FPO) to raise Rs 18,000-20,000 crore by the middle of next week, reported Moneycontrol, citing sources.

Vodafone Idea

Q4 Preview: TCS to lead IT pack; may see upper single-digit rise in profit

Large-cap IT major TCS is expected to register a single-digit growth in revenue and profit for the January-March quarter (Q4FY24) as compared to the same quarter in the year-ago period due to large deal ramp-ups and operational efficiencies, said analysts.

Beware of deep fake of CEO recommending stocks, says National Stock Exchange

India’s National Stock Exchange (NSE) on Wednesday cautioned investors against deepfake videos of its chief executive giving stock recommendations. 

RInfra tanks 20% as SC asks co to refund Rs 8,000 cr to Delhi Airport Metro

Shares of Reliance Infrastructure (R-Infra) tanked 20 percent to Rs 227.40, freezing at the lower circuit on the BSE on Wednesday at 01:28 PM, amid heavy volumes after the Supreme Court (SC) set aside the Rs 8,000-crore arbitral award in favor of the company’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL).

Summer cheer for beer firm United Breweries as margins remain stable

United Breweries, India’s largest beer manufacturer, is expected to gain business as summer brings heat waves. The company will be a major beneficiary from April to July, the period that contributes 40-45 percent of its annual beer volumes. The T20 Cricket World Cup in June and the ongoing Indian Premier League will help volumes and should offset the negative impact of elections on sales. 

Rotation into large-caps could continue ahead of elections: Ritu Arora

Indian markets have rebounded sharply from their lows in mid-March with the Sensex crossing the 75,000 mark for the first time this week. RITU ARORA, chief executive officer and chief investment officer for Asia at Allianz Investment Management, tells Puneet Wadhwa in an email interview that the Indian markets will witness periodic corrections and provide better entry opportunities over the next year. 

Kolte Patil zooms 10% as Motilal Oswal gives a ‘Buy’ rating, 34% upside eyed

Shares of the company soared as much as 10.05 percent to hit an intraday high of Rs 569.05 per share after Motilal Oswal initiated coverage on the real estate developer.

SC sets aside Rs 8,000 cr arbitral award to Anil Ambani’s Reliance Infra

In a significant relief to the Delhi Metro Rail Corporation (DMRC), the Supreme Court on Wednesday set aside the Rs 8,000 crore arbitral award in favor of Anil Ambani-owned Reliance Infrastructure’s metro arm, Delhi Airport Metro Express Private Limited (DAMEPL).

KSB rallies 5% as board to consider stock split; stock up 98% in 1 year

The company’s board is scheduled to meet on April 26 to consider the proposal for sub-division/split of equity shares and also announce the March quarter results.

Global check:: Hang Seng surges 1.8% in mixed trade in Asia

chart

Will India be the world’s next growth driver as its economic growth speeds up?

With China’s growth slowing, India could become the new engine of global economic growth, but it will take strategic investments, increased labor participation, and more to achieve its ambitions.

Explained: Silver prices may touch Rs 1 lakh, should you invest?

Motilal Oswal has cited several factors driving silver prices, including strong demand from the industrial sector (electronics, solar) and its role as a safe-haven asset during economic uncertainties. 

Motilal Oswal trims price target on TaMo, sees 4% downside, Here’s why

MOFSL said the revised price highlights expectations of stabilizing growth shortly due to moderate volume growth in domestic passenger and commercial vehicle industries.

Vistara’s loss may not be IndiGo’s gain; oil remains an overhang: Analysts

Surging oil prices, according to analysts, could hit the airline if the government decides to hike the prices of aviation turbine fuel (ATF). 

Fitch downgrades China’s outlook to negative on economic growth risks

China’s factory output and retail sales topped forecasts in January-February, joining better-than-expected exports and consumer inflation indicators, providing an early boost to Beijing’s hopes. 

Gold can rise 5% to Rs 75,000; Silver by 2.5% to Rs 85,000, charts suggest

Commodities such as Gold and Silver have rallied sharply in the last two weeks amid a rise in geopolitical crisis and hopes of interest rate cuts in the US.

Gold futures in the international market rallied from $2,170 per ounce to $2,384 per ounce – up 9.9 percent in the last three weeks. Meanwhile, Silver futures outperformed with a gain of 16 percent during the same period. 

Vedanta soars 8%, hits 23-month high on heavy volumes; zooms 45% in 4 weeks

The company is favorably positioned to capitalize on the commodity upcycle, thanks to its diversified exposure. Moreover, its ongoing efforts to enhance capacity and profitability across various segments bode well for prospects, as per reports.

ALERT:: Kolte Patil zooms over 7% as MOFSL initiates coverage

>> With the scale-up in operations, we expect post-tax OCF to double to INR8b by FY26. Further, the net cash position as of Dec’23 also provides comfort and ample headroom to capitalize on future growth opportunities. We initiate coverage on the stock with a BUY rating and a TP of INR700, implying a 34% upside.

ALERT:: Gensol Engineering reports an order book of Rs 1,783 crore at the start of FY25

PB Fintech surges 7%, hits 2-year high on pact with ICICI Lombard

Stocks of PB Fintech are trading at their highest level since November 2021. It had hit a record high of Rs 1,470 on November 17, 2021. At 09:21 am, the stock was trading 5 percent higher at Rs 1,369.85, as compared to the 0.33 percent rise in the S&P BSE Sensex. On the other hand, shares of ICICI Lombard General Insurance Company were quoting 1 percent higher at Rs 1,713 on the BSE.

Weak demand environment to delay recovery in quick-service restaurants

While competition is intense, growth has seen non-vegetarian options starting to outpace vegetarian. KFC, for example, has an 85 percent contribution from non-vegetarians. Popeyes, with a launch in South India, is creating a new category in fried chicken.

Comment :: Here’s what could keep markets resilient

Robust economic growth, decent corporate earnings, macroeconomic stability, expectations of political stability after elections, sustained capital flows, and retail investor enthusiasm will keep the market resilient despite rich valuations.

A significant recent healthy trend in the market is the outperformance of the fundamentally strong large caps over the mid and small caps. This trend is making the market healthier and, therefore, has the potential to continue. Largecap banking stocks are likely to be the leaders if the rally sustains.

The US CPI data to be published today is significant since that will determine the quantum of rate cuts by the Fed this year. The fact that US inflation has come down by two-thirds is significant and positive from the market perspective, but the trajectory of inflation, going forward, will largely influence the direction of stock markets, globally.

Paisalo Digital gains over 3.5% on a 32% YoY rise in AUM

>> The company reported that its Assets Under Management (AUM) saw a 32 percent growth, reaching Rs 4,622 crore by the end of the March FY24 quarter.

>> In the same period, disbursements rose by 38 percent to Rs 3,588 crore

Shyam Metalics advances 3% as it plans Rs 750-cr capex

>> The metals manufacturing firm will set up a new facility for the production of stainless steel hot rolled coils (HRC) at its existing plant in Sambalpur, Odisha with an investment of Rs 650 to Rs 750 crore

Protean eGov Technologies zooms about 3% as Co to likely launch QIP

>> Reports say the QIP offering is set to include a base issue size of Rs 170 crore along with a green shoe option of Rs 75 crore

Godrej Properties flat after Gurugram unit of RERA denies project extension

>>  The Real Estate Regulatory Authority in Gurugram has denied the extension application for the Godrej Air Phase 4 project, a group housing project being developed by Godrej Properties in Sector 85, Gurugram. 

Lupin gains over 1% on launching first generic version of Oracea

>> The pharma major announced the launch of the first generic version of Oracea (doxycycline capsules 40 mg) in the US. 

Paytm falls 3% as PPBL MD & CEO resigns

>> Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘on account of personal reasons’

Broader markets:: SmallCap index trades flat

Sectoral trends:: Private banks see a slight downtick

Sensex Heatmap:: 26 of 30 index stocks rise led by Tata Steel, RIL

Opening Bell:: Nifty tests 22,700


Opening Bell:: Sensex up less than 200 pts

Pre-Open Session:: Nifty holds 22,700

Pre-Open Session:: Sensex gains over 250 pts

Betting big: Mutual funds own a larger slice of small and midcap stocks

Retail investors now own a larger share of smallcap companies than they did a year ago, thanks to their conviction in mutual fund (MF) schemes focused on this segment.

Data from Capitaline shows that MFs’ average holding in the National Stock Exchange Nifty Smallcap 250 Index stood at 9 percent at the end of the October-December quarter of 2023-24 (FY24), up from 7.76 percent in the same quarter of 2022-23.

Mutual funds’ growing heft

Gold price climbs Rs 10 to reach Rs 71,740, silver slips to Rs 84,400

The price of 24-carat gold registered a slight uptick of Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 71,740, according to the GoodReturns website. The price of silver, on the other hand, went down by Rs 100, with one kilogram of the precious metal selling at Rs 84,400.

The price of 22-carat gold rose Rs 10 with the yellow metal selling at Rs 65,760.

gold investment gold trade

ICICI Bank, Eicher Motors can zoom up to 6-7% says HDFC Securities

Buy Eicher Motors(CMP-4,250): | Target Rs. 4,550 | Stop-loss Rs 4,050

By surpassing the previous swing high of 4,200, the Stock has registered a fresh all-time at 4,303. The primary trend of the stock is bullish, as it has been forming higher tops and higher bottoms on the weekly charts. The auto sector has been outperforming for the last couple of weeks. 

Nifty Private Bank nearing correction: Here’s what the charts indicate

Nifty Bank Index

The Nifty Bank Index is currently trading at 48,730.55, exhibiting a bullish short-term trend on the charts. However, in the near term, the index is anticipated to encounter resistance levels, potentially leading to profit booking as the rally progresses. 

Stocks to Watch today: Paytm, Maruti, ICICI Lombard, Lupin, PolicyBazaar

Here are the stocks that are expected to be on investors’ radar this Wednesday.

Maruti: The auto major on Tuesday said it has added a new assembly line at its plant in Manesar, Haryana, which has increased the company’s total manufacturing capacity from 2.25 million units to 2.35 million units.

Paytm: Surinder Chawla, MD and CEO of Paytm Payments Bank has resigned ‘on account of personal reasons’, the company said in a regulatory filing yesterday. The resignation would be effective from June 26. 

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Rupee depreciates 2 paise

Brent crude at $89.56 per bbl

Gift Nifty futures suggest a positive start

At 07:15 AM, the Gift Nifty futures were quoting 80 points higher than Nifty 50 futures at 22,815.

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Asian markets trading lower on Wednesday morning

US indices end flattish

Good morning readers! Catch all the market live updates here

Is the Indian stock market open or closed in the Celebration of Gudi Padwa 2024 today?

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Indian stock market: Two trade holidays are scheduled for April 2024, according to the list of stock market holidays for this month.

Stock market holiday: Given that today, April 9, 2024, is Gudi Padwa 2024, which is celebrated nationwide, investors in the Indian stock market may be unclear as to whether or not there will be any action on the NSE and BSE today. Investors and observers in the stock market are recommended to review the complete list of Indian stock market holidays in 2024 to find out the official response to this query.

Today share market open or closed?

According to the list of stock market holidays in 2024, which is available on the BSE website, the Indian stock market will remain open on Tuesday i.e. on Gudi Padwa 2024. This means trading activities at the BSE and NSE will take place as usual. 

The immediate stock market holiday is set for April 11, 2024, according to the calendar of stock market holidays for the current year. Two stock market holidays are scheduled for April 2024: April 11 and April 17. This information is based on the stock market holidays list for 2024.

Indian stock market: Over the weekend, 7 significant factors affected the market: the Gift Nifty, US nonfarm payrolls, and oil prices.

Stock market holidays in April 2024

On 11th April 2024, trading activities on NSE and BSE will remain suspended for Ramadan Eid or Eid-Ul-Fitr whereas on 17th April 2024, the Indian stock market will remain closed for the Ram Navami festival. After Ram Navmi 2024, there will be no stock market holidays falling in April 2024. 

There used to be just one stock market holiday in May 2024, which fell on May 1st in honor of Maharashtra Day. However, an additional stock market holiday has been scheduled for May 20, 2024, due to the Lok Sabha election. Thus, May will see two stock market holidays.

There is only one stock market holiday in June and July. The Indian stock market will be closed on the seventeenth of the month in June 2024 in observance of Bakdi Eid, while the NSE and BSE will be closed on the seventeenth of the month in July 2024 in observance of Muharram.

Stock market today

Among frontline Indian indices, the Nifty 50 index on Monday touched a new lifetime high of 22,697 mark. The BSE Sensex also climbed to a new peak of 74,869 during Monday deals. In the broad market, the small-cap index climbed to an intraday high of 46,410 level and came close to its lifetime high of 46,821 but the mid-cap index finished 0.26 percent higher after hitting a new high of 41,113 on Monday.

Indian stock market: Over the weekend, 7 significant factors affected the market: the Gift Nifty, US nonfarm payrolls, and oil prices.

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Indian stock market: The Gift Nifty was trading at a premium of more than 40 points from the previous closing of the Nifty futures, at 22,650, suggesting that the Indian stock market indices are off to a good start.

Indian stock market On Monday, the local equities market is anticipated to start higher, reflecting advances in its international counterparts due to optimistic sentiment.

Following a stunning jobs report on Friday, the US stock market surged while Asian markets mainly saw gains.

This week’s main macroeconomic and corporate data releases will determine the direction of the market.

The first set of corporate results for the fourth quarter of FY24 (Q4FY24), inflation data from India and the US, minutes from US Federal Reserve meetings, policy meetings of the European Central Bank (ECB), corporate announcements, crude oil prices, outflows of foreign capital, and other global cues are some of the factors that set off the stock market.

On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’.

The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

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“For the previous week, the local markets saw increases as they continued to get solid support from macroeconomic data in the form of PMI figures. It is anticipated that the profits season will increase satisfactorily at this point as well. The RBI supported the growth predictions in its policy by providing optimistic estimates for FY25. According to Joseph Thomas, Head of Research at Emkay Wealth Management, “the domestic news flow is fairly supportive of the market sentiments; the volatility may be largely induced by global developments, specifically expectations around the timing of the US Fed rate action.” Indian stock market news tomorrow.

Here are key global market cues for Sensex today:

Asian Markets

Asian markets traded mixed on Monday ahead of key economic data from the region. Japan’s Nikkei 225 rallied 1.01%, while the Topix gained 0.77%. South Korea’s Kospi fell 0.17% and the Kosdaq declined 0.76%. Hong Kong’s Hang Seng index futures indicated a stronger opening.

Gift Nifty Today

Gift Nifty was trading around the 22,650 level, a premium of over 40 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.

Wall Street

US stock market indices ended higher on Friday after a strong jobs report.

The Dow Jones Industrial Average gained 307.06 points, or 0.80%, to 38,904.04, while the S&P 500 rallied 57.13 points, or 1.11%, to 5,204.34. The Nasdaq Composite ended 199.44 points, or 1.24%, higher at 16,248.52.

For the week, the Dow fell 2.3%, the S&P 500 dropped 1% and the Nasdaq declined 0.8%.

Also Read: Wall Street week ahead: Investors eye inflation data, Fed minutes after strong March jobs report

US Nonfarm Payrolls 

US employers hired far more workers than expected in March while raising wages. As per Labor Department’s employment report, US nonfarm payrolls increased by 303,000 jobs last month. Economists polled by Reuters had forecast 200,000 jobs, with estimates ranging from 150,000 to 250,000.

US Unemployment Rate

The US unemployment rate fell to 3.8% last month from 3.9% in February, remaining below 4% for 26 straight months, the longest such stretch since the late 1960s. According to the Labor Department data, Average hourly earnings rose 0.3% in March after gaining 0.2% in the prior month, while wages increased 4.1% on a year-on-year basis, the smallest gain since June 2021, after advancing 4.3% in February.

Oil Prices

Crude oil prices declined over 1% in early Asian trade on Monday as tensions in the Middle East eased.

Brent crude futures fell 1.79% to $89.54 a barrel, while US West Texas Intermediate crude dropped 1.78% to $85.36 a barrel.

US Treasury Yields

US treasury yields and the dollar rose on Friday after a blowout US jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data, Reuters reported. The yield on benchmark 10-year Treasury notes rose to 4.422%. The dollar index, a measure of the US currency against six major peers, edged up 0.11% to 104.41.

In Conclusion

Numerous factors contributed to the notable volatility in the Indian stock market over the weekend. Gift Nifty launch, US nonfarm payrolls, and oil prices all had a significant impact on how investors felt and how the markets moved. The aforementioned advancements highlight the interdependence of worldwide economic phenomena and their significant influence on the financial markets of India. Choosing to make investments with caution and knowledge becomes more crucial as investors work their way through the complexity of these outside forces. Although market volatility can pose difficulties, it also presents shrewd investors with the chance to profit from new trends and tactical openings.

Remaining alert, adaptable, and educated is crucial in the constantly changing Indian stock market to successfully navigate choppy waters and make long-term investments.

Nifty 50 Price Live blog for 01 Apr 2024!

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Nifty 50 Price was trading at 22462.2 (0.61%) at 12:30. The Nifty 50 has been trading between 22529.95 and 22443.35 today.

Live Nifty 50 Price Updates: The index was trading at 22462.2 (0.61%) at 12:30. The Nifty 50 has been trading between 22529.95 and 22443.35 today. The Nifty futures are currently trading at 22596.95 (0.48%) and the open interest change is -0.89%, indicating that short sellers are covering their positions and that the surge may not last for much longer.

  • Nifty 50 Open interest and price movement inference

Nifty 50 futures are at 22596.95 (0.48%) with an open interest charge of -0.89% which indicates the Price Increase is due to short sellers covering their positions & the rally might not sustain in the near future.

  • Nifty 50 Share Price Today Live: Stocks Witnessing Upper Circuits and Lower Circuits

Nifty 50 Share Price Today Live:

Check out the stocks locked at Upper Circuit or having Only Buy orders.

  • Genus Power Infrastructures (241.8)
  • India Tourism Development Corp (663.1)
  • Transformers & Rectifiers India (415.4)
  • Check out the stocks locked at Lower Circuit or having Only Sell orders.
  • SKIL Infrastructure (6.5)
  • V R INFRASPACE ORD (114.95)
  • Omfurn India (72.8)
  • Nifty 50 Share Price Today Live: Performance of the Sectoral Indices on the NSE today

Nifty 50 Share Price Today Live:

Check out how the various Sectoral Indices are trading on the NSE today.

  • NIFTY 500, Price: 20482.6 (1.12%)
  • NIFTY Auto, Price: 21548.4 (0.6%)
  • NIFTY Bank, Price: 47563.85, (1.12%)
  • Nifty 50 Share Price Today Live: Most active Calls & Puts contracts for Nifty 50

Nifty 50 Share Price Today Live: Below are the most active Call & Put options contracts for Nifty 50.

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CALL:

  • Expiry Date: 04 APR 2024, Strike Price: 22500.0, Price: 115.4
  • Expiry Date: 04 APR 2024, Strike Price: 22600.0, Price: 69.4
  • Expiry Date: 04 APR 2024 Strike Price: 23000.0, Price: 4.45

PUT:

  • Expiry Date: 04 APR 2024, Strike Price: 22500.0, Price: 112.65
  • Expiry Date: 04 APR 2024, Strike Price: 22400.0, Price: 72.35
  • Expiry Date: 04 APR 2024, Strike Price: 22300.0, Price: 43.8
  • Nifty 50 Share Price Today Live: Stocks witnessing high volume in trades today

Nifty 50 Share Price Today Live: These stocks are witnessing an unusually high volume in trade today Tata Steel (32682647), HDFC Bank (4255038), and State Bank Of India (3633505)

  • Nifty 50 Share Price Today Live: Stocks breaching their 52-week high/low on 01 Apr 2024

Nifty 50 Share Price Today Live: Stocks that have breached their 52 week high/low today,

High: Tata Steel (159.15), Adani Ports & Special Economic Zone (1358.7), Larsen & Toubro (3813.35),

Low:

  • Nifty 50 Open interest and price movement inference

Nifty 50 futures are at 22621.85 (0.59%) with an open interest change of -0.88% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.

  • Nifty 50 Share Price Today Live: Advance to Decline Ratio on the Nifty 50 at 10:30

Nifty 50 Share Price Today Live: The Advances to Declines ratio on the Nifty 50 at 10:30 is at 7.33

  • Nifty 50 Share Price Today Live: Top Gainers & Losers at 10:00

Nifty 50 Share Price Today Live: Top Gaining & Losing Stocks on the Nifty 50 at 10:00

  • Gainers: JSW Steel, Tata Steel, Apollo Hospitals Enterprise
  • Losers: Bharti Airtel, Bajaj Auto, IndusInd Bank

Top 3 sectors gaining and losing at 09:35

The NIFTY Realty at (1.69%), NIFTY Smallcap 250 at (1.6%) & NIFTY Metal at (1.38%) are currently the top performing sectors among the Sectoral Indices. While NIFTY GS 8 13 Yr at (0.03%), NIFTY GS 10 Yr at (0.03%), NIFTY GS 4 8 Yr at (0.05%) are currently the low performing sectors.

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Nifty 50 Opening Update

The Nifty 50 opened at 22326.9 (0%), 0 points higher than the previous closing.

  • Nifty 50 Share Price Today Live: Resistance & Support levels for Nifty at 09:00

Nifty 50 Share Price Today Live: At current prices, Nifty 50, faces the below Resistance and Support levels

R122371.9R222620.15R322724.3
S122019.5S221915.35S321667.1

  • Nifty 50 price live: Nifty 50 closed at 22123.65 on the last trading day

The Nifty 50 index closed at 22123.65 on the last trading day.

Nifty 50, Sensex hit fresh all-time high; why is Indian stock market gaining today?- Explained

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Today’s stock market: The Sensex and Nifty 50, Indian stock market indices, reached new all-time highs in intraday trading on Tuesday.

Today’s stock market: Indian stock market benchmarks the Sensex and Nifty 50 set new all-time highs in intraday trade on Monday, April 1, with widespread purchasing despite mixed global cues.

The Sensex began at 73,968.62, up 0.82 percent from the previous close of 73,651.35, and reached a new all-time high of 74,254.62 inside the first two hours of trading.

The Nifty 50 began at 22,455 against the previous finish of 22,326.90, rising 0.90 percent to a new record high of 22,529.95 in the morning session.

Mid and small-cap groups experienced significantly greater improvements. In the morning trading session, the BSE Midcap index surged by more than 1%, while the Smallcap index increased by more than 2%.

The market capitalization of BSE-listed corporations increased to over ₹392 lakh crore from around ₹387 lakh crore in previous session.

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Why is the Indian stock market gaining today?

According to experts, the market has a favorable undercurrent due to India’s excellent economic prospects. Furthermore, the anticipation of rate decreases in the future months is supporting market mood. Investors are buying Indian equities following the recent correction, as they remain optimistic about the Indian stock market in the medium to long term.

V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services, stated that the market has a bullish undertone and is gaining speed.

“The market has been showing signs of consolidation but the spurt in Nifty by 322 points on the last 2two trading days indicates that the upward momentum can be sustained,” Vijayakumar, the market analyst, said.

Vijayakumar stated that several mutual funds have begun restricting redemptions from smallcap schemes due to worries about frothy valuations in this segment, which could result in increased flows of funds into largecaps. This would lift the huge caps.

According to brokerage firm ICICI Direct, the Nifty 50 may continue to trade on a positive bias, with immediate support near 22,000.

The brokerage firm anticipates the index to continue its northward trek and gradually approach 22,700 in the next weeks.

“Empirically, in General Election year, the index has a tendency to bottom out in the first quarter of the calendar year, followed by a rally (minimum 14 per cent rally from lows) towards the General Election outcome in each of seven instances over past three decades,” ICICI Director said in a statement.

“In the current context, we expect the index to continue the same rhythm because it already went through a corrective phase in the first quarter and built a stronger base. As a result, the election outcome laid the foundation for the second leg of a bull surge to 23,400. In the process, 21,900 would serve as immediate support, which we intend to maintain,” the brokerage business stated.

The Sensex and Nifty 50 both saw remarkable gains of 29% and 25%, respectively, in the previous fiscal year (FY24). Experts believe that these indexes will continue to expand strongly in the coming fiscal year, despite persistent obstacles.

“Considering the consistent earnings growth and an easing interest rate environment, the Nifty 50 may deliver a healthy double-digit return in the low to mid-teens,” Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS, told Mint.

Niraj Kumar, Chief Investment Officer at Future Generali India Life Insurance Company expects FY25 to be driven by sustained corporate earnings growth, policy continuity and a favourable geopolitical landscape and any disappointment on these fronts may have negative ramifications on the market.

With inputs from Livemint!

Today’s Stock Market: Smallcap Index Reaches Record high; Nifty 50 and Sensex close positive for the third straight day!

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Stock market today: Sensex closed 63 points, or 0.09 per cent, higher at 71,721.18 while the Nifty 50 closed the day at 21,647.20, up 29 points, or 0.13 per cent!

Stock market today: Sensex closed 63 points, or 0.09 per cent, higher at 71,721.18 while the Nifty 50 closed the day at 21,647.20, up 29 points, or 0.13 per cent.

Global cues were largely positive ahead of US inflation data, expected later today. According to a Reuters poll, core CPI is expected to remain unchanged at 0.3 per cent from the previous month while on a year-on-year basis, inflation is expected to slow to 3.8 per cent in December from 4 per cent in November.

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Sensex closed 63 points, or 0.09 per cent, higher at 71,721.18 while the Nifty 50 closed the day at 21,647.20, up 29 points, or 0.13 per cent.

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This article was orginally published on livemint.com!

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