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Search resuls for: "Nifty's"


13 mentions found


☆ Wall Street says buy the dip on India's Nifty 50 — and Morgan Stanley names its favorite stock
  + stars: | 2023-08-10 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Bank of America has revealed its year-end price target for India's Nifty index, forecasting that it will reach 20,500 points by December 2023. The Nifty 50 benchmark index is composed of the market capitalization-weighted average of 50 of the largest Indian companies. The Wall Street bank's price target points towards a 4.5% upside from its current level of 19,625. Bank of America (BofA) said the change in outlook from its U.S. economics team was a key driver behind this prediction. The Wall Street bank said the Indian lender's asset quality remains robust and margins have experienced only minor declines despite higher funding costs.
Persons: Shah, Udit, Nifty's, Patrick Harker, Morgan Stanley's, Morgan Stanley, Sumeet Kariwala, Michael Bloom Organizations: of America, Bank of America, Federal Reserve, Philadelphia Federal, ICICI Bank, New York Stock Exchange Locations: United States, U.S, China
☆ Indian shares hit over 1-wk low; Adani group stocks fall
  + stars: | 2023-01-25 | by ( Rama Venkat | ) www.reuters.com   time to read: +2 min
BENGALURU, Jan 25 (Reuters) - Indian stocks hit an over-one-week low in volatile trading on Wednesday, ahead of the monthly expiry of derivatives and the federal budget. The Nifty 50 index (.NSEI) was down 1% at 17,936.25 as of 11:17 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.96% to 60,394.36. Nifty's volatility index (.NIFVIX) climbed as much as 8.5% to 14.815 after hovering around the 14 mark for over a month. Auto stocks (.NIFTYAUTO) shed early gains to trade 0.2% lower, with Maruti Suzuki (MRTI.NS) and Bajaj Auto (BAJA.NS) the only gainers on the index. Maruti was up 0.8% on strong third-quarter earnings, while Bajaj Auto rose 0.3%.
☆ Indian shares down on concerns over Fed's rate posture
  + stars: | 2022-11-17 | by ( Praveen Paramasivam | ) www.reuters.com   time to read: +2 min
BENGALURU, Nov 17 (Reuters) - Indian shares slipped on Thursday, mirroring the weakness in Asian peers, amid growing signs that the Federal Reserve might not temper its aggressive monetary policy anytime soon. Meanwhile, Asia-Pacific shares ex-Japan (.MIAPJ0000PUS) slid a steeper 1.47%, with analysts pinning the smaller drop in local equities to India's fiscal health and economic growth prospects. San Francisco Fed President Mary Daly even said a pause was off the table. The Fed's stance could trigger "bouts of volatility," said Prashanth Tapse, vice president of research at Mehta Equities. "Traders are not uncomfortable with the high valuation of Indian markets, hence periodic profit-taking will continue."
☆ INDIA STOCKS Indian shares edge down as consumer, tech stocks drag
  + stars: | 2022-11-15 | by ( Praveen Paramasivam | ) www.reuters.com   time to read: +2 min
[1/2] A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis MascarenhasBENGALURU, Nov 15 (Reuters) - Indian shares gave up opening gains on Tuesday, dragged by consumer and IT stocks, as investors secured profits after a four-week rally, even as data showed annual retail inflation for October eased roughly in line with estimates. Slower rise in food prices helped India's annual retail inflation ease to 6.77% in October, from 7.41% in the previous month, data showed on Monday. More than 1,000 companies reported their quarterly results on Monday as the country's month-long earnings season drew to a close. Globally, investors will get another look at U.S. inflation when the producer price index data is released at 1330 GMT.
☆ INDIA STOCKS Indian shares rise as consumer, IT boost
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Nov 9 (Reuters) - Indian shares were trading higher on Wednesday, led by consumer and tech stocks and in lockstep with other Asian equities, while investors awaited domestic earnings reports to gauge corporate health. Meanwhile, data showed foreign institutional investors were net buyers in equities for eight straight days. They bought net of 19.49 billion Indian rupees ($239.52 million) equities on Monday, while domestic investors sold 8.44 billion rupees of shares, as per provisional data available with the National Stock Exchange. In domestic trading, Nifty's FMCG (.NIFTYFMCG) and IT (.NIFTYIT) indexes were among the top performing sectors, adding 0.53% and 0.33%, respectively. ($1 = 81.3700 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares trade higher as metals, Asia boost
  + stars: | 2022-11-04 | by ( ) www.reuters.com   time to read: +1 min
In broader Asia, equities rose on Friday, helped by Hong Kong and China stocks. U.S. payrolls data is due later in the day, with any robust data likely to reinforce the Federal Reserve's hawkish outlook. Fed Chair Jerome Powell repeatedly mentioned the robust labour market in his speech after the Fed rate hike earlier this week. In domestic trading, Nifty's metal index (.NIFTYMET) was the best performer among other sectors, rising 1.3%. Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares track Asian peers lower on rate hike fears
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Oct 20 (Reuters) - Indian shares opened lower on Thursday, following dour sentiment in other Asian markets for risky assets as U.S. Treasury yields surged on fears that the Federal Reserve will continue on its aggressive rate-hike path. The NSE Nifty 50 index (.NSEI) was down 0.44% at 17,434.75 as of 0347 GMT, while the S&P BSE Sensex (.BSESN) declined 0.38% to 58,884.30. In broader Asia, Asia-Pacific shares, excluding Japan, (.MIAPJ0000PUS) fell to more than two-year low, while the yield on the 10-year U.S. Treasury note touched a fresh 14-year high. Among stocks, cigarettes-to-consumer goods maker ITC Ltd (ITC.NS) was up 0.29%, ahead of its quarterly results. ($1 = 82.9880 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares rise 1% as cenbank eases inflation fears
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Oct 18 (Reuters) - Indian shares jumped to three-week highs in early trade on Tuesday, as rate hikes fears were soothed after the country's central bank said inflation looked set to ease and as risk sentiment improved globally on Britain's fiscal policy U-turn. In domestic trading, Nifty's automobile (.NIFTYAUTO), IT (.NIFTYIT), energy (.NIFTYENR) and public sector bank (.NIFTYPSU) indexes climbed more than 1% each. Inflow of funds from domestic investors in equities were strong even as foreign institutional investors sold shares. Foreign investors sold a net of 3.72 billion Indian rupees ($45.3 million) worth of equities on Monday, while domestic investors bought 15.82 billion rupees worth of shares, the National Stock Exchange's provisional data showed. ($1 = 82.1780 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares decline as metal stocks weigh
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Oct 17 (Reuters) - Indian shares fell in early trading on Monday, dragged down by metal stocks and in line with Asian peers amid growing fears that aggressive rate hikes by central banks globally would lead to a slowdown and weigh on corporate earnings. The NSE Nifty 50 index (.NSEI) was 0.15% lower at 17,159.30 as of 0352 GMT, and the S&P BSE Sensex (.BSESN) fell 0.19% to 57,808.78. Nifty's metal (.NIFTYMET) and realty (.NIFTYREAL) sub-indexes were among the top losers, falling more than 1% each. Among other stocks, Shree Cement Ltd (SHCM.NS) fell 5% after it posted a 67.2% slump in second-quarter profit as fuel costs surged. ($1 = 82.4000 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares gain as Infosys, banks stocks climb
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Oct 14 (Reuters) - Indian shares were higher in early trades on Friday, led by gains in IT giant Infosys, bank stocks and strength in broader Asia. The NSE Nifty 50 index (.NSEI) was 1.77% higher at 17,315.60 as of 0350 GMT, and the S&P BSE Sensex (.BSESN) climbed 1.86% to 58,297.87. read moreNifty's IT (.NIFTYIT), private sector bank (.NIFPVTBNK) and public sector bank (.NIFTYPSU) indexes were up over 2% each. Two- and three-wheeler maker Bajaj Auto (BAJA.NS), a Nifty- 50 component, was 1% higher ahead of its quarterly earnings results later in the day. Asian shares climbed on Friday following Wall Street, although gains could be shortlived over recession worries after surging U.S. inflation increased likelihood of higher interest rates for longer.
☆ INDIA STOCKS Indian shares rise as oil prices decline; inflation data eyed
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Oct 12 (Reuters) - Indian shares opened higher on Wednesday, as a fall in global oil prices boosted sentiment, while investors awaited domestic retail inflation data and quarterly earnings results from IT firm Wipro later in the day. India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation. On Tuesday, both the indexes had closed at a one-week low - marking their third straight session of losses - on the back of risk aversion globally. Markets also awaited U.S. inflation data on Thursday that kept investors on edge. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.
☆ INDIA STOCKS Indian shares extend fall as autos weigh
  + stars: | 2022-10-11 | by ( Rama Venkat | ) www.reuters.com   time to read: +2 min
BENGALURU, Oct 11 (Reuters) - Indian shares fell for a third session on Tuesday, with automobile stocks leading losses, as risk-averse trades take hold of financial markets globally. The NSE Nifty 50 index (.NSEI) fell 0.55% to 17,146 as of 0510 GMT, and the S&P BSE Sensex (.BSESN) was down 0.51% to 57,692.61. read moreIn domestic trading, the Nifty's automobile index (.NIFTYAUTO) and the energy index (.NIFTYENR) fell 0.98% and 0.69%, respectively. Tata Consultancy Services Ltd (TCS.NS) posted its biggest intraday pct fall in more than three weeks, weighing on the Nifty IT index (.NIFTYIT) which was down 0.75%. "We have seen the worst of inflation getting over so don't see much of a domestic inflation scare as of now."
☆ INDIA STOCKS Indian shares seen taking breather after four-day slide
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Francis MascarenhasBENGALURU, Sept 27 (Reuters) - Indian shares are tipped to open slightly higher on Tuesday, after having fallen over 4% in the past four sessions, even as global markets remained jittery on economic growth concerns. Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange. ** Mahindra Logistics (MALO.NS) will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2b Express business for 2.25 billion rupees. ** India's Dev Information Technology bagged order worth 49.7 million rupees. ($1 = 81.6100 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Nallur Sethuraman in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
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