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  • NIFTY: 22,400.50
  • +22.10 (0.10 )
  • SENSEX: 73,793.46
  • -12.69 (-0.02)
22,400.50
+22.10 (0.10 )

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 10 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Monday, tracking US shares higher into a week that includes Federal Reserve boss Jerome Powell’s congressional testimony and China’s National People’s Congress.

Japan’s Nikkei-225 Stock Average surpassed 40,000 for the first time as the government discusses officially stating that the country’s economy has overcome deflation, as per reports. Chinese equities will be in focus ahead of the 14th National People’s Congress, an annual parliamentary gathering in Beijing, that will begin Tuesday as markets await more stimulus measures to aid a soft economy.

U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields. All eyes will be on Federal Reserve Chair Jerome Powell when he testifies before lawmakers on Wednesday and Thursday,

Domestic markets:

Back home, the domestic stock market hit new high during a special trading session on Saturday. Both Sensex and Nifty reached record levels. In the barometer index, the barometer index, the S&P BSE Sensex up 60.80 points or 0.08% to 73,806.15. The Nifty 50 index added 39.65 points or 0.18% to 22,378.40.

Foreign portfolio investors (FPIs) sold shares worth Rs 81.87 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 44.71 crore in the Indian equity market on 02 March, provisional data showed.

Domestic stock market indices are likely to open higher on Saturday tracking positive global market cues from Wall Street. The National Stock Exchange and Bombay Stock Exchange will hold a special live trading session today, 2 March 2024 in the equity and F&O segments with an intra-day switchover from the Primary site to the Disaster Recovery site. There will be two sessions – the first from 9:15 am to 10 am and the second from 11:30 am to 12:30 pm.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 65 points at the opening bell.

Global markets:

U.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, with further support from declining Treasury yields.

Domestic markets:

Back home, domestic stock market continued their hot streak, closing at record highs on Friday. Both the Sensex and Nifty indexes scaled new peaks, fueled by a combination of positive factors. In the barometer index, the barometer index, the S&P BSE Sensex zoomed 1,245.05 points or 1.72% to 73,745.35. The Nifty 50 index surged 355.95 points or 1.62% to 22,338.75.

Foreign portfolio investors (FPIs) bought shares worth Rs 128.94 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 3,814.53 crore in the Indian equity market on 1 March, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 69 points at the opening bell.

Global markets:

On the macro front, India’s economy grew much faster than expected in the October to December quarter. Data showed GDP grew 8.4% in the third fiscal quarter on the back of higher private consumption and strong manufacturing and construction activity. The October-December quarter reading was also higher than the 7.6% growth clocked in the prior three months. The government raised its GDP growth outlook for fiscal year 2023-24 to 7.6% from 7.3% forecast earlier.

India's eight core sectors posted a growth of 3.6% in January, according to data released by the Ministry of Commerce and Industry on February 29. In December 2023, core sector growth had printed in at 3.8%. The commerce ministry, on February 29, revised this figure up to 4.9%.

Overseas, Asian stocks are trading higher as investors digested manufacturing data from the mainland. Japan’s Nikkei 225 index hit a fresh record high. South Korea markets were shut for the Movement Day holiday.

China’s manufacturing activity contracted for a fifth straight month in February, official figures on Friday showed. Data from China’s National Bureau of Statistics showed manufacturing PMI fell to 49.1 in February from 49.2 in January. The Caixin/S&P Global manufacturing PMI, however, edged up to 50.9 in February from 50.8 in the previous month.

Overnight on Wall Street, the S&P 500 and Nasdaq closed at record highs as tech and chip stocks rallied. The U.S. personal consumer expenditures (PCE) price index, the Federal Reserve's preferred gauge for inflation, rose 0.3% in January from a month earlier. The core PCE price index rose 0.4%.

Domestic markets:

Back home, the equity benchmarks ended with modest gains on Thursday. Market volatility was notable due to the expiry of the February F&O series. The barometer index, the S&P BSE Sensex up 195.42 points or 0.27% to 72,500.30. The Nifty 50 index added 31.65 points or 0.14% to 21,982.80.

Foreign portfolio investors (FPIs) bought shares worth Rs 3,568.11 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 230.21 crore in the Indian equity market on 29 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 16 points at the opening bell.

The National Statistical Office (NSO) is scheduled to release the official third quarter GDP data today. India’s economic growth is likely to moderate in the range of 6 to 6.8% in the third quarter of the current financial year, sharply lower than 7.6% expansion recorded in the previous quarter, as per reports.

Global markets:

Overseas, Asian stocks are trading mixed Thursday as investors awaited U.S. personal consumption expenditures price index data for clues on the Federal Reserve’s interest rate path. The U.S. personal consumption expenditures price index is due later in the day, while China’s manufacturing purchasing managers’ index reading is scheduled to be released Friday.

US stocks closed lower on Wednesday as investors awaited the Fed’s preferred inflation report. The US economy grew at a solid clip in the fourth quarter amid strong consumer spending, the government confirmed on Wednesday. Gross domestic product increased at a 3.2% annualised rate last quarter, revised slightly down from the previously reported 3.3% pace, the Commerce Department's Bureau of Economic Analysis said in its second estimate of fourth-quarter GDP growth.

Domestic markets:

Back home, domestic equity benchmarks tumbled on Wednesday, mirroring negative global cues. The barometer index, the S&P BSE Sensex dropped 790.34 points or 1.08% to 72,304.88. The Nifty 50 index lost 247.20 points or 1.11% to 21,951.15.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,879.23 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,827.45 crore in the Indian equity market on 28 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 5 points at the opening bell.

Global markets:

Overseas, Asian stocks are mostly lower Wednesday with investors awaiting key U.S. inflation and China data later this week. China’s manufacturing purchasing managers’ index reading and U.S. personal consumption expenditures price index is due Thursday.

New Zealand’s central bank kept its interest rate steady. The Reserve Bank of New Zealand held its official cash rate at 5.50%, keeping it at a 15-year high, while warning that inflation remained well above its target range.

US stocks closed on a mixed note on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut.

Federal Reserve Governor Michelle Bowman said that it's too soon to begin rate cuts and reiterated her view that inflation will continue to rise with the current level of interest rates, as per reports.

Domestic markets:

Back home, the domestic equity benchmarks reversed early losses and closed higher on Tuesday, snapping a two-day losing streak. The barometer index, the S&P BSE Sensex up 305.09 points or 0.42% to 73,095.22. The Nifty 50 index lost 76.30 points or 0.34% to 22,198.35.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,509.16 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,861.56 crore in the Indian equity market on 27 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 58 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed on Tuesday as markets await events due later this week for a better gauge of the global interest-rate outlook.

US stocks ended with modest losses on Monday, as the focus shifted after last week's AI-fuelled rally to upcoming economic data that could affect the timing of the Federal Reserve's expected interest rate cut.

Domestic markets:

Back home, the domestic stock market extended losses on Monday, dragged by select heavyweight stocks. The barometer index, the S&P BSE Sensex slipped 352.67 points or 0.48% to 72,790.13. The Nifty 50 index lost 90.65 points or 0.41% to 22,122.05.

Foreign portfolio investors (FPIs) sold shares worth Rs 285.15 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 5.33 crore in the Indian equity market on 26 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 39 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher on Monday. Japan’s Nikkei 225 index hit a fresh record high Monday as traders returned from a long weekend. Investors will focus on a slew of economic data expected this week including China’s manufacturing purchasing managers’ index and the U.S. personal consumption expenditures price index data, which is the Federal Reserve’s preferred inflation gauge.

In US, the S&P 500 and Dow Jones Industrial Average eked out record closing high on Friday, as artificial intelligence stocks had enough steam to keep the rally chugging along.

Meanwhile, Federal Reserve Bank of New York President John Williams reportedly said in an interview published Friday that the economy is headed in the right direction, and it will likely be appropriate to cut rates later this year.

Domestic markets:

Back home, domestic stock market closed flat on Friday after reaching record highs in early trade. The barometer index, the S&P BSE Sensex, shed 15.44 points or 0.02% to 73,142.80. The Nifty 50 index lost 4.75 points or 0.02% to 22,212.70.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,276.09 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 176.68 crore in the Indian equity market on 23 February, provisional data showed.

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 37.50 points at the opening bell.

Economy:

The Reserve Bank of India's (RBI) monetary policy committee (MPC) expressed caution regarding inflation, according to the minutes of the MPC meeting released on 22nd February. The committee members, including RBI Governor Shaktikanta Das, highlighted concerns about uncertainty in food prices, citing it as a significant source of volatility for the overall inflation outlook. Governor Das also emphasised that geopolitical tensions and supply chain disruptions could further contribute to inflation risks. Deputy Governor Michael Debabrata Patra emphasized the need for a restrictive monetary policy to maintain downward pressure on inflation while minimising the output costs of disinflation. Governor Das warned that recurring food price shocks could disrupt the ongoing disinflation process, posing risks of de-anchoring inflation expectations and generalising price pressures.

Global Markets:

The US Dow Jones index futures is currently up by 38 points, signaling a positive opening for US stocks today.

Most Asian stocks rose on Friday, contributing to a week of substantial market growth globally. The impressive financial results of AI company Nvidia triggered a surge in record highs across Asia, Europe, and the U.S. However, Japan's Nikkei was closed for a public holiday on that day.

Wall Street achieved record highs on Thursday, driven by a surge in technology stocks, particularly fueled by positive earnings and guidance from NVIDIA Corporation, a prominent AI company. Despite warnings from the Federal Reserve about prolonged higher interest rates, investors remained optimistic. However, weak purchasing managers index readings for February suggested a decline in business activity in the U.S.

The S&P 500 climbed 2.1% to reach a record 5,087.03 points, the Dow Jones Industrial Average rose 1.2% to a record 39,069.11 points, and the NASDAQ Composite outperformed, surging nearly 3% to a record high of 16,041.62 points.

Domestic Equity Market:

The benchmark indices settled higher on Thursday, with the Nifty50 reaching a new high of 22,252.50, propelled by widespread buying across sectors. This upturn came after a negative start, during which the Nifty50 temporarily dipped below 21,900 before staging a rally in the final hours of trading. The market displayed high volatility, largely attributed to the weekly expiry of Nifty50 options. However, the Nifty50 found support at the 21-day EMA on the lower end before surging towards higher levels. IT, auto and metal shares advanced, while banks and financial stocks declined.

The barometer index, the S&P BSE Sensex jumped 535.15 points or 0.74% to 73,158.24. The Nifty 50 index added 162.40 points or 0.74% to 22,217.45.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,410.05 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,823.68 crore in the Indian equity market on 22 February 2024, provisional data showed.

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 89 points at the opening bell.

Global Markets:

The US Dow Jones index futures is currently up by 25 points, signaling a positive opening for US stocks today.

Asian stocks were mixed on Thursday with the technology sector showing gains driven by positive signals from Nvidia. However, concerns about high U.S. interest rates tempered overall market sentiment. The Nikkei 225 benchmark in Japan reached a record high.

The region took a weak lead from Wall Street, influenced by the Federal Reserve's minutes from its late-January meeting, indicating a cautious approach to cutting interest rates. Several Fed officials reiterated this stance in separate addresses. Despite this, Nvidia experienced a substantial surge of up to 10% in after-hours trading, as the company's quarterly earnings surpassed estimates, and it provided a stronger-than-expected revenue forecast for the upcoming quarter.

In the U.S., the Dow Jones closed higher on Wednesday, with investors displaying dip-buying into the close. This occurred despite concerns revealed in the Federal Reserve's January meeting minutes, where members expressed worries about the potential of cutting interest rates too soon.

Meanwhile, the Bank of Korea maintained its benchmark interest rate unchanged on Thursday, aligning with expectations. The central bank signaled its commitment to keeping monetary policy restrictive until inflation aligns with its annual target.

The US 10-year bond yield is recorded at 4.307%. In the commodities market, Brent crude for April 2024 settlement was at $83.08 a barrel.

Domestic Equity Market:

The domestic equity indices corrected on Wednesday, snapping a six-day rising streak. The Nifty 50 index revered after hitting the day’s high of 22,249.40 in the morning trade, but managed to settled above the psychological 22,000 mark. Selling in IT and oil & gas stocks dragged the benchmark indices lower. However, realty, PSU banks and metal shares closed on a firm note.

The barometer index, the S&P BSE Sensex, tumbled 434.31 points or 0.59% to 72,623.09. The Nifty 50 index declined 141.90 points or 0.64% to 22,055.05.

Foreign portfolio investors (FPIs) bought shares worth Rs 284.66 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 411.57 crore in the Indian equity market on 21 February 2024, provisional data showed.

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 20 points at the opening bell.

Global Markets:

The US Dow Jones index futures is currently down by 57 points, signaling a negative opening for US stocks today. Traders awaited more cues on monetary policy from the minutes of the Federal Reserve’s late-January meeting.

Asian stocks were mixed on Wednesday, as traders weighed big tech prospects ahead of Nvidia Corp.'s hotly anticipated earnings that dragged Wall Street away from its all-time highs.

In January, Japanese exports surpassed expectations, growing by 11.9% year-on-year due to increased overseas demand for automobiles and electronics. This exceeded the anticipated 9.5% rise and marked Japan's fastest export growth since November 2022. Conversely, imports experienced a larger-than-expected decline of 9.6%, compared to the predicted 8.4% drop, reflecting sluggish domestic demand. Consequently, Japan's trade balance unexpectedly shifted to a surplus of 240 billion yen ($1.60 billion) from a deficit of 410 billion yen in December.

In the US, the Nasdaq 100 dropped almost 1% while the S&P 500 fell below 5,000 in the last session. Nvidia's stock also fell more than 4% ahead of its scheduled earnings announcement on Wednesday. Traders are keenly observing its result, seeking confirmation that the chipmaker can meet the high expectations associated with the artificial-intelligence boom.

The US 10-year bond yield is recorded at 4.27%. In the commodities market, Brent crude for April 2024 settlement was at $82.57 a barrel.

Domestic Equity Market:

The domestic benchmarks continued their upward trend for the sixth day on Tuesday, driven by gains in private banks. The market showed strong resilience, as the Nifty 50 index crossed the significant milestone of 22,000. In contrast, other Asian markets were relatively quiet, as China's attempts to boost its property markets didn't excite investors, and the likelihood of an immediate U.S. interest rate cut diminished. Within the domestic market, there was increased demand for bank, financial services, and media shares, while IT, auto, and metal shares experienced declines.

The barometer index, the S&P BSE Sensex gained 349.24 points or 0.48% to 73,057.40. The Nifty 50 index added 74.70 points or 0.34% to 22,196.95.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,335.51 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,491.33 crore in the Indian equity market on 20 February 2024, provisional data showed.

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could decline 32.50 points at the opening bell.

Global Markets:

The US Dow Jones index futures is currently down by 113 points, signaling a weak opening for US stocks today. This decline is attributed to ongoing uncertainty regarding the trajectory of interest rates. Traders remain cautious and on edge due to the anticipation of key earnings reports, notably from NVIDIA Corporation, adding to the market's overall sense of unpredictability. The absence of trading cues on Monday, owing to a US market holiday, is expected to give way to increased trading activity in the upcoming days, particularly as the earnings season progresses.

Asian markets exhibit a mixed opening, influenced by the closure of US markets in the preceding session.

The People's Bank of China took an unexpected step by reducing its five-year benchmark loan prime rate on Tuesday, aiming to further ease monetary conditions and support the decelerating economic recovery. The cut in the five-year LPR, instrumental in determining mortgage rates, lowered it from 4.10% to 3.95%, while the one-year LPR remained unchanged at 3.45%.

The US 10-year bond yield is recorded at 4.31%. In the commodities market, Brent crude for April 2024 settlement lost 5 cents or 0.06% to $83.42 a barrel.

Domestic Equity Market:

The domestic stock market extended its winning streak for the fifth consecutive session on Monday, with the Nifty achieving a new all-time high of 22,186.65 before closing near the day's peak. Initially experiencing fluctuations due to mixed global cues, the market ultimately benefited from robust buying in several sectoral indices and heavyweight stocks, concluding the day on a positive note. Consumer durables, pharma and FMCG shares were in demand, while realty, PSU banks, IT stocks declined.

At close, the Sensex surged by 281.52 points (0.39%) to reach 72,708.16, while the Nifty climbed by 81.60 points (0.37%) to settle at 22,122.30.

Foreign portfolio investors (FPIs) sold shares worth Rs 754.59 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 452.70 crore in the Indian equity market on 19 February 2024, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 39 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading mixed on Monday after Wall Street slumped on Friday amid signs US inflation is stickier than expected. Chinese shares are trading higher as they resume trading following the week-long Lunar New Year break. The People’s Bank of China on Sunday held a key policy rate steady as expected. China’s central bank said it was holding the rate unchanged at 2.5% on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility.

US stocks fell on Friday after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve.

Domestic markets:

Back home, domestic equity benchmarks ended with decent gains on Friday, rising for the fourth day in a row. The S&P BSE Sensex advanced 376.26 points or 0.52% to 72,426.64. The Nifty 50 index added 129.95 points or 0.59% to 22,040.70.

Foreign portfolio investors (FPIs) bought shares worth Rs 253.28 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 1,571.00 crore in the Indian equity market on 16 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could rise 48 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher, boosted by overnight gains on Wall Street. Japan’s Nikkei 225 hit a fresh 34-year high. Mainland China markets remain closed for the Chinese New Year holidays.

US stocks closed higher on Thursday as retail sales data declined more than expected, feeding hopes the Federal Reserve will soon start cutting interest rates in coming months.

US retail sales fell more than expected in January. Retail sales dropped 0.8% last month, the Commerce Department's Census Bureau said on Thursday. Data for December was revised lower to show sales rising 0.4%, instead of 0.6% as previously reported.

Domestic markets:

Back home, domestic equity indices closed with slight gains on Thursday, marking the third consecutive trading day of positive performance. The barometer index, the S&P BSE Sensex gained 227.55 points or 0.32% to 72,050.38. The Nifty 50 index added 70.70 points or 0.32% to 21,910.75.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,064.15 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,276.93 crore in the Indian equity market on 15 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 6 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading higher Thursday after Wall Street resumed a rally as robust earnings helped overcome worries about persistent inflation.

GDP numbers from Japan showed that Asia’s second-largest economy had entered a technical recession. Provisional gross domestic product contracted 0.4% in the fourth quarter compared with a year ago, after a revised 3.3% slump in the July-September period.

US stocks rose on Wednesday as the robust earnings of big technology firms helped ease worries about persistent price pressure. Shares of ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the US stock market's third most valuable company.

US producer prices fell more than initially thought in December, revised government data showed on Wednesday. The producer price index for final demand dropped 0.2% in December instead of dipping 0.1% as previously reported, annual revisions of the PPI data published by the Labor Department's Bureau of Labor Statistics (BLS) showed.

Domestic markets:

Back home, the domestic stock market navigated through turbulent waters on February 14, overcoming initial selloff triggered by the hotter-than-expected US inflation figures. The barometer index, the S&P BSE Sensex gained 267.64 points or 0.37% to 71,822.83. The Nifty 50 index added 96.80 points or 0.45% to 21,840.05.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,929.60 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,897.98 crore in the Indian equity market on 14 February, provisional data showed.

GIFT Nifty:

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 13 points at the opening bell.

Global markets:

Overseas, Asian stocks are trading sharply lower on Wednesday, tracking a similar move on the Wall Street, as higher-than-expected U.S. CPI data pushed back traders' expectation of rate cuts by the Federal Reserve anytime soon. Mainland China's financial markets remain closed for the week.

Wall Street's main indices tumbled on Tuesday after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving US Treasury yields higher. US Consumer Price Index rose by 3.1% for the 12 months ended in January, according to Bureau of Labor Statistics data released Tuesday. That marks a step back from December's 3.4% rate and a dramatic cooling from the 6.4% increase seen in January 2023. On a monthly basis, CPI rose by 0.3% in January.

Domestic markets:

Back home, the domestic stock market experienced a decent upturn on Tuesday, supported by banks and financial stocks. The primary catalyst for this recovery was positive economic data. The barometer index, the S&P BSE Sensex gained 482.70 points or 0.68% to 71,555.19. The Nifty 50 index added 127.20 points or 0.59% to 21,743.25.

Foreign portfolio investors (FPIs) bought shares worth Rs 376.32 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 273.94 crore in the Indian equity market on 13 February, provisional data showed.