India’s stock market witnessed a sharp downturn on Friday, April 25, with the benchmark Sensex plunging 1,075 points, or 1.35%, to an intraday low of 78,726. The Nifty 50 also fell sharply, dropping 368 points, or 1.5%, to hit 23,879 during intraday trade. Despite favorable cues from global markets, a broad-based sell-off across sectors pulled…
According to analysts, fresh buying and short-covering by foreign institutional investors (FIIs), driven by optimism about potential trade deals with the US, led to a sharp rally in the market on Thursday. The Sensex reclaimed the 78,000 mark, while the Nifty breached the 23,700 mark. Both Indian benchmark indices—the BSE Sensex and NSE Nifty 50—staged…
S. Naren, CIO of ICICI Prudential, is increasing exposure to large-cap stocks, highlighting valuation challenges rather than macroeconomic concerns. Despite looming US tariffs, he remains cautiously optimistic, advocating for a balanced investment strategy. Overseeing more than $100 billion in assets, Naren told Bloomberg News, “India doesn’t have a macro problem—it has a valuation problem.” He…
Market Performance: Opening Trends: Markets are expected to open flat today as investors await the U.S. Federal Reserve’s rate decision and the upcoming Union Budget. Recent Decline: Both the Nifty 50 and BSE Sensex have declined by approximately 3% in January, marking the longest monthly losing streak in over 23 years. Factors contributing to this…
Jio Financial Services Ltd (JFSL), the separated non-banking financial services arm of Reliance Industries led by Mukesh Ambani, is poised to be removed from the Nifty 50 and other NSE indices on September 7. The Downturn in Jio Financial Services Share Price Early on Wednesday, Jio Financial Services experienced a dip of over 3% in…
