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Nifty 50

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336 stories mentioning Nifty 50Updated 2d ago

India's benchmark in focus as May data showed goods and services exports up 15.8% and imports up 19% year over year.

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Asia

Indian Equities Rebound on Thursday as Pharma, Metal Stocks Drive Rally

Indian benchmark indices closed sharply higher on Thursday, led by strong buying in pharma and metal shares, while a recovery in financial stocks further supported sentiment.The BSE Sensex rose 789.74 points, or 1.1%, to close at 75,398.72, while the NSE Nifty 50 gained 277.00 points, or 1.2%, to settle at 23,689.60.Markets recovered after recent losses as investors reacted positively to encouraging signals from the Trump-Xi summit, which raised hopes of stronger economic cooperation. However, sentiment remained cautious as tensions in West Asia persisted.In macroeconomic news, India's wholesale price inflation accelerated to 8.3% in April from 3.88% in March, driven by higher prices of fuel, metals, and manufactured products, according to government data released on Thursday.In corporate developments, Hindustan Aeronautics (NSE:HAL, BOM:541154) booked an increase in consolidated profit in fiscal Q4 to 42.0 billion rupees from 39.8 billion rupees a year earlier, according to a Thursday filing. Revenue from operations increased to 139.4 billion rupees from 137.0 billion rupees.Meanwhile, HFCL (NSE:HFCL, BOM:500183) received board approval to set up a defense manufacturing facility in Andhra Pradesh, India, with an initial investment of 2.30 billion rupees.

^BSENifty 50BOM:500183BOM:541154NSE:HALNSE:HFCL
International

India's Wholesale Price Inflation Quickens to 8.3% in April

India's wholesale price inflation, measured by the Wholesale Price Index (WPI), jumped to 8.3% in April from 3.88% in March, according to data released by the Ministry of Commerce and Industry on Thursday.In the same month last year, wholesale inflation was lower at 0.85%.The rise in WPI was attributed to higher prices of mineral oils, crude petroleum and natural gas, other manufacturing and non-food articles, and basic metals.The index for primary articles increased by 9.17% to 202.4 in April from 197.3 in the previous month, while fuel and power inflation soared by 24.71% to 181.7 in the reported month from 153.7 in March.Manufactured products were up by 4.62% to 151.6 in April from 149.5 a month ago.

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International

India Approves INR375 Billion Scheme to Boost Gasification Projects

The Indian government on Wednesday approved a 375 billion Indian rupee scheme to promote gasification projects in a bid to reduce the country's dependence on imported fuels such as liquefied natural gas (LNG), urea, ammonia, and methanol.The move comes amid India's gas imports being impacted by the Iran war and the geopolitical crisis in the Middle East. It aims to increase the conversion of coal into synthetic gas that can be used to produce power, fertilizer, petrochemical among other industrial applications.The total financial outlay of 375 billion rupees to incentivize new surface coal and lignite gasification projects for the production of syngas and its downstream products, targeting gasification of around 75 million tons of coal and lignite. This is expected to generate 63 billion rupees annually.The government expects the scheme to attract total investments of up to 3 trillion rupees.

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Asia

Market Chatter: India Buys More-Than-Expected DAP Fertilizer as Middle East Conflict Lifts Fertilizer Prices

India contracted larger-than-expected volumes of diammonium phosphate (DAP) in a recent import tender as the Middle East conflict disrupted supplies and pushed global fertilizer prices higher, Bloomberg reported late on Tuesday, citing people familiar with the matter.India secured around 1.35 million tons of DAP through the latest import tender, exceeding the originally targeted volume of 1.2 million tons, according to people familiar with the matter cited by Bloomberg News.The country purchased about 12% above the 1.2 million tons of DAP sought in the latest tender, which closed last week, people familiar with the matter told Bloomberg.State-backed importer Indian Potash will buy 705,000 tons for delivery on India's west coast at $930 per ton and another 641,500 tons for the east coast at $935 per ton, according to the report.The contracted prices stood roughly 39% above the prices before the start of the Middle East conflict, Bloomberg reported, citing Green Markets data. India had earlier purchased 2.5 million tons of urea in another tender at nearly double pre-war prices, the report added.The fertilizer purchases come ahead of sowing for key monsoon crops, including rice, corn and soybeans.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Rebound on Wednesday as Duty Hike on Gold, Silver Lifts Sentiment

Indian benchmark indices ended slightly higher on Wednesday, snapping a four-day losing streak, as measures to support the rupee and selective buying helped lift sentiment.The BSE Sensex rose 49.74 points, or 0.1%, to close at 74,608.98, while the NSE Nifty 50 gained 33.05 points, or 0.1%, to settle at 23,412.60.Sentiment improved after India raised import duties on gold and silver to curb demand for the precious metals and ease pressure on foreign exchange reserves.However, gains remained limited as investors continued to monitor rising tensions in the Middle East and the possibility of prolonged disruption around the Strait of Hormuz, which could tighten global oil supplies.Among stocks, Hindustan Petroleum Corporation (NSE:HINDPETRO, BOM:500104) surged nearly 6% after reporting a sharp rise in Q4 profit to 60.7 billion rupees from 34.2 billion rupees a year earlier. Revenue from operations also increased to 1.232 trillion rupees from 1.179 trillion rupees.Ceigall India (NSE:CEIGALL, BOM:544223) slipped nearly 1% after securing a 1.25 billion rupee order from Punjab State Power Corporation for a battery energy storage system project, according to a filing.

^BSENifty 50BOM:500104BOM:544223NSE:CEIGALLNSE:HINDPETRO
Asia

Market Chatter: India More Than Doubles Gold, Silver Import Duties to Support Rupee Amid FX Pressure

India raised import duties on gold and silver sharply to defend the rupee and ease pressure on foreign-exchange reserves, multiple media outlets reported Wednesday, citing official orders.The government increased total import taxes to about 15% from 6%, combining a 10% basic customs duty with a 5% agriculture infrastructure and development levy, Bloomberg said citing two official orders.The move aims to cut demand in the world's second-largest bullion market and follows a rare weekend appeal from Prime Minister Narendra Modi to avoid gold purchases and cut non-essential foreign travels, the report noted.Gold ranks as India's second-largest import after crude oil, and higher import costs have widened foreign outflows, adding pressure on the rupee, which has hit record lows in recent sessions, Bloomberg said.The Reserve Bank of India has stepped up interventions in currency markets, with foreign-exchange reserves easing to $690.7 billion as of May 1, the lowest in over a month, Bloomberg reported. The RBI has also tightened rules on bank forex positions to curb speculation, it added.Markets reacted to the move, with shares of Kalyan Jewellers slipping over 2% in Wednesday's trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

India's Retail Inflation Picks Up in April

India's retail inflation edged up in April, with the Consumer Price Index (CPI) rising 3.48% in April, up from 3.40% in March, according to data released by the Ministry of Statistics and Program Implementation on Tuesday.Rural and urban inflation stood at 3.74% and 3.16%, respectively, in April.Food inflation, measured by the Consumer Food Price Index, climbed to 4.20% in April from 3.87% in March. Rural food inflation was recorded at 4.26%, while urban food inflation came in at 4.10%.Housing inflation for April was provisionally at 2.15%, with rural housing inflation at 2.65% and urban at 1.96%, data showed.

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Asia Markets

Indian Equities Extend Losses on Tuesday as Oil Fears, Weak Rupee Hit Sentiment

Indian benchmark indices extended losses on Tuesday as selling pressure deepened across sectors amid concerns over a prolonged oil shock and weak global cues.The BSE Sensex fell 1,456.04 points, or 1.9%, to close at 74,559.24, while the NSE Nifty 50 dropped 436.30 points, or 1.8%, to settle at 23,379.55.Markets saw sharp pressure as technology stocks weakened and the rupee slipped to fresh lows, adding to already fragile sentiment. Investors also stayed cautious amid uncertainty around the U.S.-Iran conflict, while expectations of prolonged disruption in crude supply kept energy-related risks elevated.Rising Brent oil prices and discussions around domestic austerity measures further weighed on risk appetite.In corporate developments, Dynamic Cables (NSE:DYCL, BOM:540795) reported a rise in fiscal Q4 profit to 241.7 million rupees from 235.6 million rupees a year earlier.JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a 1% year-on-year decline in April crude steel production to 2.12 million tons, impacted by a planned shutdown at its Vijayanagar plant for expansion work.

^BSENifty 50BOM:500228BOM:540795NSE:DYCLNSE:JSWSTEEL
Asia

Market Chatter: ADB to Trim ASEAN Growth Forecasts as US-Iran War Drags On

The Asian Development Bank's (ADB) previous "early stabilization" scenario is no longer valid amid continued war in the Middle East, The Star reported Tuesday, citing ADB chief economist Albert Park's address to reporters.This prompts a revision of the earlier outlook, he reportedly said, as the conflict has stretched beyond initial expectations. Under updated projections, regional growth is now seen slowing to 4.7% in 2026 and 4.8% in 2027, while inflation forecasts have also been revised higher to 5.2% this year.Park warned that energy markets remain under pressure, with gas prices up around 30% and diesel rising even more sharply, while fertilizer costs have surged, raising risks for food and industrial supply chains. He also cautioned that prolonged disruption could keep oil prices elevated, with scenarios showing averages near $96 per barrel in 2026 and even higher in worst-case conditions, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: India Mulling Fuel Price Hike Amid US-Iran Tensions

Indian state-run refiners are mulling a modest increase in petrol and diesel prices within days as the government weighs the economic impact of the U.S.-Iran war against consumer needs, Bloomberg News reported, citing people familiar with the matter.Fuel retailers are likely to raise prices by about 5 rupees per liter to partly offset estimated daily losses of 10 billion rupees on fuel sales, the report said. However, the increase would still remain below 15 to 20 rupees per liter, a hike which is needed to fully cover losses, the sources told Bloomberg.India's energy imports have come under pressure following disruption in flows through the Strait of Hormuz, pushing up crude prices and creating shortages of cooking gas, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Market Chatter: India Mulls Emergency Steps to Protect Foreign Reserves

India is said to be evaluating emergency steps to strengthen its foreign-exchange reserves in a bid to curb the damage caused by the surge in oil prices, according to a Bloomberg report on Tuesday, citing sources.As per the report, the Indian government is considering moves like curbing non-essential imports such as gold and electronic goods, and hiking fuel prices.The moves are expected to help shelter the economy amid the global economic turmoil caused by the Iran war.Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on possible measures to limit the damage from the rising oil prices, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

Indian Equities Extend Losing Streak on Monday as Global Cues Weigh

Indian benchmark indices fell for a third straight session on Monday as broad-based selling pressure and weak global cues dragged the market lower.The BSE Sensex dropped 1,312.91 points, or 1.7%, to close at 76,015.28, while the NSE Nifty 50 declined 360.30 points, or 1.5%, to settle at 23,815.85.Sentiment weakened amid fading hopes of U.S.-Iran talks, after the U.S. reportedly rejected Iran's peace proposal. Rising uncertainty around the West Asia conflict and its impact on global growth concerns kept investors cautious.A sharp rebound in crude oil prices moved Brent crude back above $105 per barrel as supply risks through the Strait of Hormuz persisted.In corporate developments, Canara Bank (NSE:CANBK, BOM:532483) fell nearly 4% after reporting a decline in consolidated profit in the fiscal fourth quarter to 45.7 billion rupees from 50.7 billion rupees a year earlier. Earnings per share slipped to 5.04 rupees from 5.59 rupees, even as interest income edged higher.Bajaj Electricals (NSE:BAJAJELEC, BOM:500031) also fell over 2% after appointing Ashween Anand as chief financial officer, effective May 14, according to a filing. Anand joins from Tata Starbucks, where he previously served as CFO.

^BSENifty 50BOM:500031BOM:532483NSE:BAJAJELECNSE:CANBK
Asia

Market Chatter: Novo Nordisk India Sales Jump 40% in April After Wegovy, Ozempic Price Cuts

Novo Nordisk's diabetes and obesity drug sales recorded a sharp rise in India sales in April after it reduced prices of Wegovy and Ozempic to counter growing competition from generic semaglutide therapies, Bloomberg News reported Friday, citing Pharmarack data.Sales of Wegovy, Ozempic and partner-branded products climbed 40% monthly to 32,000 units in April, which was the first full month since the Danish pharmaceutical group lowered starter-dose prices by up to 48%, the report noted.India's overall GLP-1 market expanded 56% month over month in April to 414,000 units, driven by low-cost generic semaglutide products, the report noted. Eli Lilly remained the country's top-selling GLP-1 drugmaker.Novo Nordisk did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Fall on Friday as Middle East Tensions Weigh on Sentiment

Indian benchmark indices ended lower on Friday as renewed geopolitical tensions in the Middle East and selling in banking stocks weighed on the market.The BSE Sensex fell 516.33 points, or 0.7%, to close at 77,328.19, while the NSE Nifty 50 declined 150.50 points, or 0.6%, to settle at 24,176.15.Sentiment remained cautious after reports of fresh clashes between U.S. and Iranian forces near the Strait of Hormuz. Investors also tracked developments around the proposed US-Iran peace deal. Iran reportedly said it is still reviewing America's latest proposal.Among stocks, State Bank of India (NSE:SBIN, BOM:500112) dropped 7% after reporting a marginal rise in consolidated Q4 profit to 196.4 billion rupees from 195.0 billion rupees a year earlier. Earnings per share slipped to 21.28 rupees from 21.96 rupees despite higher interest income.RailTel Corp. of India (NSE:RAILTEL, BOM:543265) fell 2% despite securing an order of 249.1 million rupees from The New India Assurance Company for an AI and machine learning-based fraud monitoring solution.

^BSENifty 50BOM:500112BOM:543265NSE:RAILTELNSE:SBIN
Asia

Indian Equities End Flat on Thursday as Earnings Support Offsets Weakness

Indian benchmark indices ended largely unchanged on Thursday as gains driven by earnings-related buying offset broader market weakness.The BSE Sensex fell 114.00 points, or 0.2%, to close at 77,844.52, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 24,326.65.Expectations of easing tensions between the US and Iran further supported investor sentiment. Tehran is reportedly reviewing the latest U.S. proposals aimed at ending the conflict.In corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) reported a decline in consolidated profit in fiscal Q4 to 2.33 billion rupees from 2.83 billion rupees a year earlier. Revenue from operations, however, rose to 20.3 billion rupees from 17.0 billion rupees.Larsen & Toubro (NSE:LT, BOM:500510) gained after its buildings and factories business secured three large orders from a real estate client for projects across three states, according to a filing. The company classifies large orders in the range of 25 billion rupees to 50 billion rupees.

^BSENifty 50BOM:500493BOM:500510NSE:BHARATFORGNSE:LT
Asia

Market Chatter: India, Vietnam Target $25 Billion Bilateral Trade by 2030

India and Vietnam are looking to increase bilateral trade to $25 billion by 2030, The Star reported Wednesday, citing Indian Prime Minister Narendra Modi.The announcement came after discussions in Delhi between Modi and Vietnamese President To Lam. The talks focused on increasing cooperation in defense, security, education, digital payment systems, and rare earth minerals.The value of trade between the two countries has doubled over the past decade to reach $16 billion, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Jump on Wednesday as US-Iran Deal Hopes Lift Sentiment

Indian benchmark indices ended sharply higher on Wednesday as reports of a possible U.S.-Iran deal supported global risk sentiment.The BSE Sensex rose 940.73 points, or 1.22%, to close at 77,958.52, while the NSE Nifty 50 gained 298.15 points, or 1.24%, to settle at 24,330.95.Markets advanced on expectations that the U.S. and Iran may be close to resolving their conflict, which had pushed energy prices higher in recent sessions. Hopes of easing geopolitical risks supported sentiment and helped drive broad-based buying.In economic news, Services activity in Indian strengthened in April, with the HSBC India Services PMI rising to 58.8 from 57.5, supported by firm domestic demand and e-commerce growth. New orders saw the fastest expansion in five months, aided by pricing strategies and demand for logistics and relocation services. However, export growth slowed to a five-month low amid Middle East tensions and weak tourism.In earnings news, Aditya Birla Real Estate (NSE:ABREL, BOM:500040) gained nearly 5% after reporting a profit of 108.4 million rupees in Q4, compared with a loss of 1.31 billion rupees a year earlier, according to a filing. Revenue from operations declined to 981.9 million rupees from 4.08 billion rupees.Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321) rose over 3% after receiving seven observations from the US FDA following an inspection of its Ahmedabad facility, according to a Wednesday filing.

^BSENifty 50BOM:500040BOM:532321NSE:ABRELNSE:ZYDUSLIFE
International

India's Services Activity Accelerates in April

The seasonally adjusted HSBC India Services Purchasing Managers Index (PMI) Business Activity Index rose to 58.8 in April from 57.5 in March, as stronger domestic demand and higher e-commerce activity supported growth.A shift from international to domestic suppliers amid the Middle East conflict also boosted transport services.New orders increased at the fastest pace in five months. Firms reported gains from competitive pricing, rising e-commerce demand, and strong interest in relocation and logistics services.Exports growth slowed to a five-month low, as the war in the Middle East and weak inbound tourism weighed on international demand. The New Export Business Index fell sharply and recorded the second-lowest reading in over a year.Consumer Services led the expansion in output and new orders, followed by Transport and Information & Communication."Activity and new orders strengthened, even as new export orders eased, suggesting that demand is rotating from overseas markets to domestic consumers amid the Middle East conflict," Chief India Economist at HSBC, Pranjul Bhandari, said. "Input cost inflation moderated but remained elevated, while output price inflation stayed subdued, indicating that some firms are absorbing higher costs rather than passing them on."The HSBC India Composite PMI Output Index, which covers both manufacturing and services, rose to 58.2 in April from 57.0 in March.

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Asia

Indian Equities Slip on Tuesday as Geopolitical Tensions, Profit Booking Weigh

Indian benchmark indices ended lower on Tuesday as profit booking in financial heavyweights and renewed U.S.-Iran tensions weighed on sentiment.The BSE Sensex fell 251.61 points, or 0.3%, to close at 77,017.79, while the NSE Nifty 50 declined 86.50 points, or 0.4%, to settle at 24,032.80.Markets remained volatile through the session amid weak global cues, elevated crude oil prices, and continued uncertainty around potential U.S.-Iran talks. Investors tracked the latest set of March-quarter earnings.Among stocks, Mahindra & Mahindra (NSE:M&M, BOM:500520) gained over 3% after reporting a rise in consolidated profit to 46.7 billion rupees in fiscal Q4 from 33.0 billion rupees a year earlier. Revenue from operations increased to 549.8 billion rupees from 426.0 billion rupees.Force Motors (NSE:FORCEMOT, BOM:500033) fell nearly 2% after reporting a 4.3% year-on-year decline in total vehicle sales to 3,113 units in April.

^BSENifty 50BOM:500033BOM:500520NSE:FORCEMOTNSE:M&M
Asia

Indian Equities Gain on Monday on Election Trends, Earnings Support

Indian benchmark indices ended higher on Monday, supported by buying in heavyweight stocks, improving earnings outlook, and optimism around election trends.The BSE Sensex rose 355.90 points, or 0.5%, to close at 77,269.40, while the NSE Nifty 50 gained 121.75 points, or also 0.5%, to settle at 24,119.30.Sentiment improved as investors tracked early trends from Assembly Elections across key states of India. Expectations of political stability in the country and continuity in economic policies supported the market.Hopes of progress in U.S.-Iran peace talks also contributed to the positive tone of the markets. Iran has reportedly submitted a 14-point proposal to Pakistan to end the conflict with U.S. on all fronts.Among stocks, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) surged 7% after reporting a sharp rise in consolidated profit to 12.9 billion rupees in Q4 from 5.04 billion rupees a year earlier, according to a Monday filing. Revenue from operations increased to 123.1 billion rupees from 89.9 billion rupees.HFCL (NSE:HFCL, BOM:500183) gained nearly 9% after the company and its subsidiary secured orders worth 842.3 million rupees for supply of optical fiber cables, according to a filing.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) rose over 1% after total vehicle sales jumped 40% year-on-year in April to 513,792 units, according to a Monday filing.

^BSENifty 50BOM:500103BOM:500183BOM:532977NSE:BAJAJ-AUTONSE:BHELNSE:HFCL

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