The Nifty IT index closed February around 20% lower, while the tech-heavy Nasdaq declined only 4% during the same month. Experts highlighted structural differences in index composition as the reason for the divergence in the performance of ETFs benchmarked to the two indices. “The Nasdaq comprises hardware, platform and product-led technology companies which include AI…
French multinational bank BNP Paribas on Friday bought 5.28 lakh shares worth Rs 64 crore in State Bank of India (SBI) via a block deal. The seller in the deal was Societe Generale. The shares were bought via its investment arm BNP Paribas Financial Markets at a price of Rs 1,204 apiece versus the Thursday…
Indian markets head into Monday amid fresh uncertainty after US President Donald Trump announced that temporary tariffs on nearly all US imports will be raised from 10% to 15%, just a day after the US Supreme Court struck down his earlier sweeping tariff programme. The back-to-back moves have left investors assessing whether this is a…
After failing to hold above 26,000 last week, analysts expect Nifty to remain range-bound, with traders likely to stay cautious. Support is seen at 25,300 and 25,100, below which further downside may emerge, while resistance lies in the 25,700–26,000 zone, where volatility could persist. RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICES Where is Nifty…
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said. Equity markets would be closed on Monday for Republic Day. Moreover, trading activity of foreign investors, rupee-dollar…
SBI Mutual Fund on Monday divested a 2.43 per cent stake in gaming and e-sports company Nazara Technologies for Rs 216 crore through open market transactions. According to the bulk deal data available on the stock exchanges, SBI Mutual Fund (MF) offloaded 45.09 lakh shares of Nazara Technologies on the NSE, while it sold 45…
The combined market valuation of seven of the top-10 most valued firms declined by Rs 35,439.36 crore in a holiday-shortened last week, with State Bank of India taking the biggest hit, in line with a muted trend in equities. Last week, the BSE benchmark climbed 112.09 points or 0.13 per cent. From the top-10 pack,…
Ace investor Ramesh Damani bought 27,500 shares worth Rs 13 crore in a smallcap company, John Cockerill India, via a bulk deal on Friday. The promoter entity, John Cockerill SA sold over 1.91 lakh shares valued at Rs 91 crore. The shares were purchased at a price of Rs 4,704.45 apiece, which was a 1%…
Markets rebounded on Friday after the recent decline, tracking favorable global cues. From a technical standpoint, analysts Nifty has once again reclaimed its short-term moving average, the 20-DEMA, around the 25,950 level. However, sustainability above this zone is essential for the index to move toward the 26,050–26,200 range. “In the current setup, a stock-specific trading…
Markets traded in a volatile manner on Monday and eventually ended almost unchanged, extending the ongoing consolidation phase. With most major domestic and global events behind us, analysts say rupee weakness and mixed global cues are currently dictating market direction. At the same time, rotational strength in heavyweight stocks across sectors is providing support and…