LOGIN
Monday, March 10, 2025
Top Posts
SUBSCRIBE NEWSLETTERS
Home Tags Posts tagged with "Stock Market"
Tag:

Stock Market

BlogBusinessFeatured

Crypto Bloodbath: Why Bitcoin & Altcoins Are Crashing Hard

by theparliamentnews.com
written by theparliamentnews.com

The cryptocurrency market is experiencing a massive downturn, with Bitcoin, Ethereum, Solana, and other major tokens witnessing sharp declines. In just 24 hours, Bitcoin plunged by 8.83%, now trading at $83,461.02, while Ethereum shed 11.14% of its value. The sudden drop left investors rattled, wondering what triggered this unexpected crash.

Let’s break down the key reasons behind this steep decline.

Trump’s Crypto Reserve: A Short-Lived Surge

Earlier, the market saw a surge following Donald Trump’s announcement of a U.S. Crypto Strategic Reserve. The news initially fueled optimism, pushing Bitcoin and altcoins like XRP, Solana, and Cardano higher. However, this excitement was short-lived as doubts over the feasibility and regulatory approval of such a reserve emerged.

The uncertainty led to massive sell-offs, resulting in a liquidation spree worth $120 million in just one hour. With traders scrambling to adjust their positions, volatility spiked, further accelerating the downward spiral.

Trade War Fears: Tariffs Spark Panic

Adding fuel to the fire, Trump’s new tariff announcement rattled global markets. He declared a 25% tariff on imports from Mexico and Canada, while also doubling tariffs on Chinese goods to 20%.

China swiftly retaliated, slapping an additional 10%-15% tariff on U.S. imports, escalating fears of a full-blown trade war. This geopolitical tension made investors retreat from riskier assets, including cryptocurrencies, pushing prices lower.

As Avinash Shekhar, Co-Founder & CEO of Pi42, pointed out:
“Trump’s proposed tariffs against China intensified economic uncertainty, triggering a broader market sell-off.”

How Are Major Cryptos Performing?

  • Bitcoin: -8.83% ($83,461.02)
  • Ethereum: -11.14%
  • XRP: -10.60%
  • Solana: -14.53%
  • Cardano: -15.97%

Meanwhile, the total crypto market volume dropped by 9.70% to $180.01 billion in a single day.

What Lies Ahead?

The crypto market remains highly sensitive to policy shifts and economic developments. While the idea of a government-backed crypto reserve created a momentary bullish sentiment, the lack of clarity on execution left the market vulnerable.

Additionally, ongoing fund outflows indicate that investors are treading cautiously amid regulatory uncertainty and macroeconomic risks. Until a clearer framework emerges, volatility in the crypto space is likely to persist.

For now, traders and investors must brace for more turbulence as global policies continue to shape the future of digital assets. 🚀📉

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeaturedWorld

$300 Billion Boom: Trump’s Crypto Stockpile Sparks Market Frenzy!

by theparliamentnews.com
written by theparliamentnews.com

In a stunning move that sent shockwaves through the financial world, U.S. President Donald Trump unveiled a strategic reserve of cryptocurrencies, triggering an unprecedented surge in the market. Within hours of his announcement, the total crypto market value soared by 10%—adding over $300 billion, with Bitcoin and Ether leading the charge.

This decision marks a major shift in the U.S. government’s stance on digital assets, signaling an era of active participation rather than regulatory suppression. But what does this mean for the crypto industry, and how will it shape America’s financial landscape moving forward?

The Big Reveal: Trump’s Strategic Crypto Reserve

Trump’s post on Truth Social named five digital assets that will form the backbone of a new U.S. strategic cryptocurrency reserve:

  • Bitcoin (BTC)
  • Ether (ETH)
  • XRP (Ripple’s token)
  • Solana (SOL)
  • Cardano (ADA)

Initially, only the names of these five assets were disclosed, but in a follow-up statement, Trump clarified that Bitcoin and Ether would be at the core of the reserve. The surprise inclusion of XRP, Solana, and Cardano suggests a broader recognition of blockchain technology beyond Bitcoin, aligning with Trump’s increasingly pro-crypto stance.

“This move signals a shift toward active participation in the crypto economy by the U.S. government,” said Federico Brokate, head of U.S. business at 21Shares. “It has the potential to accelerate institutional adoption, provide greater regulatory clarity, and strengthen the U.S.’s leadership in digital asset innovation.”

Market Reaction: Crypto Surges Amid Policy Shake-Up

The crypto market erupted following Trump’s announcement:

âś… Bitcoin surged past $94,000, marking an 11% gain.
âś… Ether jumped to $2,516, climbing 13%.
âś… Total market capitalization increased by over $300 billion in just a few hours.

Despite the short-term rally, some analysts remain cautious, noting that major cryptocurrencies had been on a downward trajectory in recent weeks. The market is seeking a more concrete catalyst, such as interest rate cuts from the Federal Reserve or a well-defined regulatory framework from Trump’s administration.

“The announcement suggests a more patriotic stance toward the broader crypto technology space, with little regard for the fundamental qualities of these assets,” remarked James Butterfill, head of research at CoinShares.

This divergence in sentiment raises a key question: Is this rally sustainable, or is it just a temporary adrenaline rush?

Why Now? Trump’s Shift from Regulatory Crackdowns to Adoption

Trump’s move stands in stark contrast to his Democratic predecessor, Joe Biden, under whom regulators aggressively cracked down on the crypto industry, citing concerns over fraud and money laundering.

However, under Trump’s leadership:

âś” The SEC has withdrawn investigations into multiple crypto firms.
âś” The lawsuit against Coinbase has been dropped.
âś” The first White House Crypto Summit is scheduled for Friday.
✔ Trump’s family has even launched its own digital assets.

These developments signal an explicitly pro-crypto stance, aligning with Trump’s strategy to gain support from the blockchain industry ahead of the 2024 election. His administration appears committed to reducing regulatory barriers and fostering crypto innovation rather than restricting it.

The Road Ahead: Will the Reserve Need Congressional Approval?

While Trump’s executive order has set the foundation for a U.S. crypto reserve, legal experts are debating whether an act of Congress will be required to formalize it. Some believe that the U.S. Treasury’s Exchange Stabilization Fund (ESF) could be used to acquire and manage digital assets without legislative intervention.

Another proposal under consideration is to utilize seized cryptocurrencies from law enforcement actions to help establish the reserve—an idea that has sparked further debate over the ethical and financial implications of such an approach.

Bitcoin to $500,000? The Bold Predictions Keep Coming

With Trump’s pro-crypto policies taking center stage, speculation over Bitcoin’s future value has intensified.

Standard Chartered analyst Geoff Kendrick has projected Bitcoin could skyrocket to $500,000 before Trump leaves office, far surpassing its previous all-time high of $109,071.

Institutional investment in crypto is also rising, with regulatory filings revealing that banks, hedge funds, and sovereign wealth funds are increasingly accumulating digital assets. In particular, asset managers have significantly increased their allocations to U.S. ETFs tied to Bitcoin.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeatured

IT Stocks Hammered, Sensex Tanks 856 Points Amid Global Sell-Off

by theparliamentnews.com
written by theparliamentnews.com

Markets Plunge as Global Worries Mount

The Indian stock markets took a severe beating on Monday, with the benchmark indices closing deep in the red. Tracking weak global cues and mounting concerns over US tariffs, the Sensex tumbled 856 points to settle at 74,454, while the Nifty shed 242 points, ending at 22,553. The sell-off, driven by heavy foreign fund outflows and panic selling in tech stocks, wiped out significant investor wealth.

Tech Stocks Drag Markets Lower

IT giants bore the brunt of the meltdown, with Wipro, HCL Tech, TCS, and Infosys emerging as the biggest losers on the Nifty. The sector faced intense selling pressure amid fears that higher US tariffs could impact outsourcing revenues. Bharti Airtel also ended sharply lower, adding to the gloom.

Selective Gains Fail to Rescue Markets

Amid the sea of red, a few stocks managed to stay afloat. Mahindra & Mahindra, Dr. Reddy’s, and Eicher Motors were among the gainers, offering some respite to an otherwise battered market. However, their limited gains were not enough to offset the broader market carnage.

Foreign Investors in Exit Mode

The relentless selling by foreign institutional investors (FIIs) further exacerbated the market downturn. With global uncertainties looming large, FIIs have been steadily pulling out funds, leading to heightened volatility in domestic equities.

What Lies Ahead?

With the US tariff concerns still unfolding, investor sentiment remains fragile. Market participants will now closely watch policy developments, global cues, and institutional flows to gauge the direction of the markets in the coming days.

For now, caution is the buzzword as D-Street grapples with uncertainty and global headwinds.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeaturedIndia

Markets Cheer as Trump 2.0 Era Begins: Nifty, Sensex Open in the Green

by theparliamentnews.com
written by theparliamentnews.com

As Donald Trump embarks on his second term as President of the United States, global financial markets are already responding to the anticipated policy shifts. On Tuesday morning, the Indian stock markets opened on a positive note, with both the Nifty 50 and BSE Sensex registering early gains amid expectations of aggressive executive action in the U.S.

The Nifty 50 index climbed 76.90 points or 0.33%, opening at 23,421.65, while the BSE Sensex surged 188.28 points or 0.24% to start the day at 77,261.72.

Markets React to Trump’s Bold Start

The optimism in the market stems from the flurry of executive orders signed by Trump on his first day back in the Oval Office. Analysts believe the new administration’s focus on areas such as tariffs, immigration, tax cuts, deregulation, energy security, and the Department of Government Efficiency (DOGE) could have a significant impact on the global economy.

Ajay Bagga, a seasoned banking and market expert, explained the sentiment to ANI:

“Trump 2.0 is here. More experienced, more determined, and armed with a barrage of Day 1 executive orders. As the Trump Cabinet gets approved, many of these policies will translate into actionable measures on the ground.”

Bagga also highlighted the immediate market implications:

“US dollar, bond yields, global markets, and commodities are already adjusting to the Trump Impact. Indian markets are relieved, for now, that no universal tariffs have been announced.”

Sectoral Performance: Metal and PSU Banks Lead the Charge

All sectoral indices on the NSE opened in positive territory, with Nifty Metal and Nifty PSU Bank leading the gains, both up by 0.5%. Nifty IT also posted modest growth of 0.23%.

In the Nifty 50 list, 37 stocks opened in the green. Ultratech Cement, Apollo Hospitals, BPCL, and Wipro emerged as the top gainers, while Trent, Adani Enterprises, Kotak Bank, and NTPC were the leading losers.

Quarterly Earnings in Focus

As investors digest the Trump administration’s early moves, attention will also be on the Q3 earnings announcements for FY25. Key companies scheduled to release their results include UCO Bank, KEI Industries, Tata Technologies, Dalmia Bharat, PNB Housing Finance, Aditya Birla Real Estate, Indiamart Intermesh, and India Cements.

Global Market Trends

In other Asian markets, the Nikkei 225 surged by 1.16%, and Hong Kong’s Hang Seng index jumped 1.72%. Taiwan’s Weighted Index also recorded gains of 0.51%. However, Singapore’s Straits Times and South Korea’s KOSPI indices faced minor declines of 0.14%.

What Lies Ahead?

As Trump’s policies take shape, market volatility is expected to remain high. Investors are keeping a close eye on announcements from the U.S. that could impact global trade and economic dynamics.

With optimism in Indian markets and cautious anticipation in global indices, the Trump 2.0 era has started with a noticeable impact on the financial world. Only time will reveal the true extent of these shifts

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeatured

TD Power Systems: A Multi-Bagger Story of Growth and Innovation

by theparliamentnews.com
written by theparliamentnews.com

Investors often dream of identifying that one transformative stock that turns small investments into substantial wealth. TD Power Systems Limited, with its stellar five-year performance, has emerged as a shining example, delivering jaw-dropping returns of 2,824%. From â‚ą15.40 in March 2020 to â‚ą450.10 today, this power stock has rewarded its investors richly, proving the potential of long-term vision.

Stock Performance: A Remarkable Journey

Five years ago, an investment of ₹10,000 in TD Power Systems could have ballooned to nearly ₹2.92 lakhs, showcasing the company’s resilience and investor confidence. While the stock has seen fluctuations, including a slight 0.25% dip to ₹450.10 during Friday’s session, its overall trajectory remains impressive.

Recent Returns Snapshot:

  • Six-month returns: 16.91%
  • One-year returns: 68.26%
  • 2024 performance: A minor dip of 0.80%, slightly underperforming the Nifty Index.

Financial Performance: A Testament to Growth

TD Power Systems’ Q2 FY25 financials highlight robust growth:

  • Revenue: â‚ą306 crores, up 11.67% YoY.
  • Profit After Tax (PAT): â‚ą41 crores, marking a 24.24% YoY growth.
  • Quarterly growth: Revenue and PAT increased by 11.67% and 17.14%, respectively, from Q1 FY25.

This steady growth reflects the company’s strategic execution and ability to navigate market challenges effectively.

Business Outlook: Powering the Future

The company’s roadmap for FY25 signals a bright future. TD Power Systems anticipates a revenue target between ₹1,250 crores and ₹1,275 crores, translating to a robust 25-27.5% growth. Key drivers include:

  1. Strong Order Book: The company has a record order backlog of â‚ą1,234.40 crores, spanning domestic and international markets.
  2. Expansion Plans: New manufacturing plants are set to enhance production capacity and operational efficiency.
  3. Global Focus: Export markets, especially in gas turbines and traction motors, play a pivotal role in the company’s growth.
  4. Sectoral Demand: Strong interest from steel, cement, geothermal energy, and railways underscores diversified revenue streams.

Shareholding Pattern: Who Owns the Company?

The September 2024 shareholding data reveals a balanced ownership structure:

  • Promoters: 34.27%
  • FIIs: 16.24%
  • DIIs: 29.64%
  • Public Shareholding: 19.85%

This structure highlights a healthy mix of institutional and public trust in the company’s growth story.

About TD Power Systems: A Global Player

Established in 1999, TD Power Systems Limited specializes in manufacturing AC generators and electric motors, catering to a global market. The company operates through two segments: Manufacturing and Project Business, serving industries such as thermal, hydroelectric, and renewable energy. With over 6,300 machines supplied to 105 countries, the company has cemented its reputation for quality and innovation.

Product Portfolio Includes:

  • Steam and hydro turbines
  • Diesel and gas engines
  • Electric traction motors

Why TD Power Systems Stands Out

The company’s commitment to excellence, coupled with strategic expansions and robust financials, positions it as a key player in the power and energy sector. As it continues to innovate and expand its global footprint, TD Power Systems offers a compelling growth story for investors and stakeholders alike.

A Multi-Bagger Worth Watching

With its transformative growth, strong fundamentals, and ambitious plans, TD Power Systems Limited embodies the potential of the power sector. For seasoned investors and newcomers alike, this multi-bagger is a testament to the rewards of strategic investments and the power of patience.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeaturedIndia

Dalal Street Rejoices: Sensex and Nifty Surge Nearly 2% as Auto Stocks Drive the Rally

by theparliamentnews.com
written by theparliamentnews.com

The Indian stock market experienced a robust upswing on Thursday, as the benchmark indices Sensex and Nifty surged nearly 2%, buoyed by impressive gains in the Auto, IT, and Financial sectors. Investors celebrated as the Sensex climbed 1.8% to close at an impressive 79,943.71, while the Nifty rose 1.9%, ending at 24,188.65.

Auto Stocks Lead the Charge

The rally was spearheaded by Auto stocks, which surged on the back of robust December sales data and attractive year-end discounts. Industry leaders like Maruti Suzuki and Mahindra & Mahindra reported strong demand, particularly for SUVs, which bolstered investor confidence.

Satish Chandra Aluri of Lemonn Markets noted, “Markets extended gains on improving risk appetite fueled by Auto, IT, and Financials. Auto shares rallied after sales data allayed concerns over weakening demand, while IT benefited from positive revenue recovery expectations. Likely bargain hunting in quality stocks and anticipation of growth-oriented measures in the upcoming budget also boosted sentiment.”

IT and Financials Add Momentum

IT stocks advanced significantly, buoyed by optimistic brokerage reports ahead of Q3 earnings, while the Financial sector saw strong contributions due to encouraging deposit growth updates from banks.

Santosh Meena of Swastika Investmart highlighted, “The market had been oversold for days, but auto sales beating expectations provided a much-needed trigger. Nifty not only crossed the 200-DMA but also surpassed the 50-DMA and 20-DMA, signaling a potential bullish reversal.”

Mid-Caps and Small-Caps Underperform

Despite the strong rally in frontline indices, mid-cap and small-cap stocks underperformed, rising by only 1%. Market watchers believe this presents a unique opportunity for investors. VLA Ambala of Stock Market Today remarked, “This could be an ideal time to accumulate value stocks with strong order books.”

Technical Insights and Market Outlook

Technical analysts remain optimistic but cautious, suggesting the possibility of a pullback before the next leg of the rally. Aditya Gaggar of Progressive Shares explained, “The bulls dominated, helping Nifty break multiple resistance levels. While a pullback to test support at 24,000 is possible, the next leg of the rally could target 24,700-24,800.”

What Lies Ahead?

With the Q3 earnings season and the Union Budget on the horizon, experts stress that strong earnings delivery will be crucial to sustain this upward momentum. Investors are advised to keep a close watch on budget announcements and quarterly results for cues on market direction.

In Conclusion

Thursday’s rally marks a promising start for Indian markets as they head into 2025. With key sectors like Auto, IT, and Financials showing strength, the road ahead looks bright. However, prudence and a focus on quality investments will remain essential as the market navigates upcoming economic events.

As Dalal Street celebrates this bullish breakout, investors can look forward to an exciting and potentially rewarding year ahead.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeatured

Indian Stocks surge: From Rs 1 Lakh to Rs 9 Crore, Meet the Top 10 Multibaggers of 2024.

by theparliamentnews.com
written by theparliamentnews.com

Remarkable gains for the Indian stock market, select BSE-listed companies have delivered astronomical returns, turning modest investments into fortunes. While the BSE Sensex posted a steady 17% gain and the BSE SmallCap index surged by 39%, a handful of stocks outshone the broader market with staggering returns of up to 91,000%.

As 2024 draws to a close, let’s take a closer look at the top 10 market performers that have redefined wealth creation in just 12 months.

1. Sri Adhikari Brothers Television Network – 91,161% Return

Topping the list is Sri Adhikari Brothers Television Network, a leader in the entertainment industry. Its share price skyrocketed from Rs 2.4 to Rs 2,153.8, boosting its market cap from Rs 8 crore to an impressive Rs 5,465 crore. An investment of Rs 1 lakh in this stock a year ago would now be worth over Rs 9 crore.

2. Marsons – 2,763% Return

This electric equipment manufacturer saw its stock price soar from Rs 8.4 to Rs 241.1, reflecting a robust market demand. The company’s market capitalisation now stands at Rs 4,148 crore, making it a standout performer in its sector.

3. Bharat Global Developers – 2,441% Return

In the IT-software sector, Bharat Global Developers emerged as a shining star. Its stock surged from Rs 42.2 to Rs 1,073.5, catapulting its market cap to Rs 10,870 crore.

4. Eraaya Lifespaces – 1,935% Return

The auto ancillary industry also witnessed remarkable growth, with Eraaya Lifespaces leading the charge. Its share price jumped from Rs 8.8 to Rs 179.5, elevating its market capitalisation to Rs 3,393 crore.

5. Vantage Knowledge Academy – 1,823% Return

Operating in the educational institutions sector, Vantage Knowledge Academy delivered stellar returns. Its stock price rose from Rs 11.6 to Rs 222.9, increasing its market cap to Rs 2,537 crore.

6. Ashika Credit Capital – 1,675% Return

In the finance-NBFC sector, Ashika Credit Capital made waves with its share price climbing from Rs 48.4 to Rs 859.1. Its market cap now stands at Rs 2,164 crore.

7. Diamond Power Infrastructure – 1,238% Return

The cable industry had its moment in the spotlight with Diamond Power Infrastructure. Its stock rose from Rs 12.0 to Rs 159.9, pushing its market capitalisation to Rs 8,426 crore.

8. CIAN Agro Industries & Infrastructure – 1,061% Return

Specialising in edible oil, CIAN Agro Industries & Infrastructure delivered a strong performance, with its share price climbing from Rs 37.5 to Rs 434.9 and its market cap reaching Rs 1,217 crore.

9. TechNVision Ventures – 882% Return

Another standout in the IT-software sector, TechNVision Ventures, saw its stock price soar from Rs 358.0 to Rs 3,516.5. Its market cap now totals Rs 2,207 crore.

10. RDB Infrastructure and Power – 754% Return

Representing the real estate sector, RDB Infrastructure and Power posted an impressive return, with its share price rising from Rs 68.1 to Rs 581.0. Its market capitalisation has grown to Rs 1,004 crore.

Honorable Mention: Bondada Engineering – 741% Return

In the telecom infrastructure sector, Bondada Engineering posted robust growth. Its stock price climbed from Rs 82.1 to Rs 689.8, raising its market cap to Rs 7,451 crore.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeatured

Sensex Surges 600 Points as US Election Buzz Fuels Market Momentum

by theparliamentnews.com
written by theparliamentnews.com

In a robust market response amid U.S. election anticipation, the Indian stock market saw an impressive rally, with both the Sensex and Nifty posting significant gains. By 10:07 am IST, the BSE Sensex had surged to 80,093.19, marking a rise of 616.56 points (0.78%) from the previous close. Similarly, the Nifty climbed to 24,410.15, advancing by 196.85 points (0.81%).

Key Market Movements

On the previous trading day, Sensex closed at a solid 79,476.63, a jump of 694.39 points (0.88%), while the Nifty concluded at 24,213.30, an increase of 217.95 points (0.91%). This upward momentum suggests strong optimism among investors, possibly fueled by expectations of U.S. election outcomes and their implications on the global economy.

Factors Boosting Market Sentiment

Indian investors are closely monitoring the U.S. elections, as shifts in American policy could influence market conditions worldwide. Recent data indicated an appetite for risk assets, with key sectors such as banking, technology, and consumer goods contributing to the positive trend on Sensex and Nifty. Traders and analysts seem encouraged by the steadiness in U.S. pre-election polls and potential outcomes that may support steady economic growth.

Sector Performances

India’s banking stocks led the charge, showing resilience and stability, while tech and consumer goods also posted gains. Additionally, investor confidence was buoyed by strong performances in global equities, setting a positive precedent. This rally suggests a bullish outlook, as market participants anticipate a more predictable economic climate post-election.

What’s Ahead?

While the immediate impact of U.S. elections is reflected in today’s trading, experts predict continued volatility. For Indian markets, potential U.S. policy changes could either bolster or weigh on trade, but for now, the prevailing sentiment is one of cautious optimism.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeatured

Sensex Rebounds with a 1,100-Point Jump, Nifty Breaks 24,400 in Monday Rally

by theparliamentnews.com
written by theparliamentnews.com

The Indian stock market rallied impressively today, marking a sharp rebound after a series of lackluster sessions. Both the Sensex and Nifty 50 surged over 1%, bolstering market sentiment as investors geared up for the final trading week of October. The Sensex kicked off with a robust opening at 79,653.67, climbing 1.3% from the previous close of 79,402.29. Similarly, Nifty 50 saw a jump, crossing the 24,400 level with gains of over 1%. This uptrend comes on the heels of five straight sessions of declines and has been fueled by five key factors that investors should keep an eye on.

1. Positive Global Cues from Asian Markets

Asian markets set the tone with an optimistic outlook, particularly in Japan, where stocks soared following political developments. The yen hit a three-month low after Prime Minister Shigeru Ishiba’s coalition lost its parliamentary majority. This regional upswing has lent considerable support to Indian markets as well, contributing to a positive start to the week.

2. Short-Covering Rally

After days of market correction, the Indian market witnessed a robust short-covering rally today. Analysts attribute this turnaround to a pattern seen after significant market dips, where investors close out short positions, triggering a rally. The Nifty 50’s 2.58% dip last week, marking a fourth week of declines, created room for this resurgence. Additionally, stronger performance by large-cap stocks, particularly in banking, has driven today’s positive sentiment.

3. Sectoral Strength in Key Indices

Today, gains were seen across all sectoral indices, with PSU Bank, Metal, Auto, and Realty sectors leading the way. Banking stocks such as ICICI Bank, Bank of Baroda, and Punjab National Bank fueled this rally, with ICICI Bank’s Q2 earnings playing a major role in lifting investor confidence. Bank Nifty surged past the 51,400 mark, adding to the overall market momentum.

4. Technical Factors Indicating a Bounce

Nifty 50 tested its support level at 24,100 on Friday, managing to end on a bullish note with a strong wick on the downside, hinting at buyer activity. Breaking the resistance at 24,400 today, Nifty is in a promising position to further test 24,750. This week, the historical performance of the 44th trading week of the year indicates an 80% probability of gains, averaging a 1.4% increase. Analysts, however, caution that the Nifty will face significant resistance between 24,413 and 24,462.

5. Decline in Crude Oil Prices

A dramatic drop in crude oil prices by over 4% further bolstered market sentiment. After Israel’s recent strike on Iran did not impact oil or nuclear facilities, Brent crude dropped to $72.77 per barrel, and WTI fell to $68.56. This price dip benefits India, a major crude importer, by potentially easing inflationary pressures. Lower inflation could provide the Reserve Bank of India (RBI) room to maintain or even lower interest rates, which would support further economic growth.

Market Movers: Top Gainers and Losers

Today’s rally saw Shriram Finance, Mahindra & Mahindra, ICICI Bank, Adani Enterprises, and IndusInd Bank as top gainers on Nifty 50, while Coal India, Bharat Electronics, Tech Mahindra, SBI Life Insurance, and Axis Bank were among the few to close lower.

Looking Ahead

While today’s market rally is an encouraging sign, it’s essential to watch for potential resistance and economic developments globally. Investors are advised to keep an eye on crude prices, sectoral trends, and technical support levels as the week progresses.

0 comment
0 FacebookTwitterPinterestEmail
BlogBusinessFeaturedIndia

Indian Stock Market Hits Record High: Sensex and Nifty Soar as Automakers Lead the Rally

by theparliamentnews.com
written by theparliamentnews.com

The Indian stock market witnessed an extraordinary rally on Thursday, September 26, as both the Sensex and Nifty 50 surged to new all-time highs. With gains driven by heavyweight automakers and select index giants, the Sensex climbed nearly 0.8% to close at a record 85,836.12, while the Nifty 50 peaked at 26,250.90 before settling at 26,216.05, up 0.81%.

Among the biggest winners were auto giants like Mahindra & Mahindra, Maruti Suzuki, and Tata Motors, with the Nifty Auto index jumping 2.26% and leading the day’s charge. At the same time, the BSE Midcap index held steady, and the BSE Smallcap index dipped slightly, reflecting the focus on large-cap stocks, which dominated trading activity. The total market capitalization of BSE-listed firms rose to â‚ą477 lakh crore, making investors â‚ą2 lakh crore richer in just one trading session.

A significant boost came from global cues, particularly China’s recent economic stimulus announcement. This move has revitalized investor sentiment, driving Asian markets higher and further lifting the Indian indices. “China’s stimulus has significantly enhanced investor confidence, creating strong positive momentum in global and Asian markets,” said Vinod Nair, Head of Research at Geojit Financial Services. He added that expectations of a recovery in corporate earnings for H2FY25, backed by anticipated government spending, also contributed to the rally.

In addition to the auto sector, stocks in sectors like FMCG, banking, and metals performed well, with ITC, Reliance Industries, and Hindustan Unilever contributing significantly to Nifty’s gains. Notably, 257 stocks, including NTPC, Bharti Airtel, Bajaj Finserv, and Sun Pharma, hit their 52-week highs in intraday trading.

On the global front, European and Asian markets were buoyed by China’s economic measures, along with news of potential rate cuts in the U.S. These factors, coupled with falling bond yields in developed economies, added to the surge of optimism. “The Indian market is scaling new heights, anticipating a strong corporate earnings recovery in the second half of FY25,” added Nair.

Prashanth Tapse, Senior VP of Research at Mehta Equities, pointed out that the monthly derivatives expiry day also played a role in the stock market’s sharp climb. “Winding up of positions and positive cues from global markets triggered a sharp upsurge,” he explained, as both the Sensex and Nifty approach even higher milestones.

As investor optimism continues to rise, the Indian stock market stands strong, driven by large-cap stocks and favorable global conditions, offering hope for further growth in the coming months.

0 comment
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts

Our News Portal

We provide accurate, balanced, and impartial coverage of national and international affairs, focusing on the activities and developments within the parliament and its surrounding political landscape. We aim to foster informed public discourse and promote transparency in governance through our news articles, features, and opinion pieces.

  • New Delhi
  • Phone: (+91) 7588-772545
  • Email: theparliamentnew23@gmail.com
  • Support: tpnews@theparliamentnews.com

About Links

Useful Links

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

Trump Strikes Back: Reciprocal Tariffs on India, China Begin April 2
Crypto Bloodbath: Why Bitcoin & Altcoins Are Crashing Hard
AI in Education: A Game-Changer, Not a Threat
$300 Billion Boom: Trump’s Crypto Stockpile Sparks Market Frenzy!

@2023 – All Right Reserved. Designed and Developed by The Parliament News

Facebook Twitter Instagram Linkedin Youtube Email
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00