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Bite-sized market moves, explained simply.
The RBI's decision earlier this week to keep policy rates unchanged provided some domestic stability, but rising crude prices and geopolitical concerns are keeping investors cautious. Indian benchmarks had ended higher following the RBI rate pause earlier in the week
The earnings season continues to drive stock-specific action. Among results reported today, SJVN's standalone June-quarter net sales were Rs 758.83 crore, down 7.73% year-on-year, while LIC Housing Finance reported standalone net sales of Rs 7,062.45 crore, down 2.36% year-on-year
Foreign institutional activity remains an important market indicator. Data cited by Upstox showed that FIIs had purchased around Rs 12,455 crore worth of Indian equities so far in August, providing a positive counterweight to global uncertainties.
Vikram Solar shares came under sharp selling pressure, dropping more than 10% and touching a 52-week low. Investors reacted to margin pressure and higher raw-material costs reflected in the company's June-quarter performance.
Tata Chemicals attracted buying interest after the Reserve Bank of India retained Tata Sons in its Upper Layer NBFC list. The development pushed Tata Chemicals shares up as much as 5% during Friday's session.
Higher international crude prices and renewed geopolitical uncertainty weighed on domestic equities. During the session, the Sensex was reported around 282 points lower while the Nifty traded about 31 points down.
Indian benchmarks opened on a cautious note Friday. In early trade, the Sensex was down about 0.4% while the Nifty 50 slipped roughly 0.17%, with heavyweight financial stocks and higher crude oil prices pressuring sentiment. Midcaps showed relative resilience
Historical data show that August has been mixed for Indian equities. Over the last 11 years, the Sensex and Nifty have each ended August higher six times and lower five times, suggesting that volatility could remain an important theme this month.
Investors continue to monitor geopolitical developments, crude oil prices, corporate earnings and the new closing-auction mechanism. Recent sessions have seen substantial intraday movements in both the Nifty and Sensex.
Several stocks are in focus today because of corporate developments and earnings-related triggers, including Bharti Airtel, Trent, LIC, NBCC and PB Fintech.
LIC shares remain closely watched after falling sharply in the previous session amid developments surrounding the government's stake sale. LIC had declined about 8.7% on Tuesday, making it one of the significant recent movers in the market.
The recently introduced Closing Auction Session (CAS) is creating additional volatility in Indian equities. The mechanism determines closing prices through a separate auction session, and early implementation has resulted in unusual Nifty movements and divergence between the Nifty and Sensex.
Lower crude oil prices are providing some relief to Indian equities. Oil remained below $80 per barrel amid hopes of easing geopolitical tensions in West Asia, which is positive for India as a major crude importer.
Indian equity markets started Thursday on a mildly positive note. The Sensex gained around 172 points to 78,753, while the Nifty 50 traded near 24,632 shortly after opening. Titan, Reliance Industries and Eternal were among the early Sensex gainers.
The broader market performed better than the headline benchmarks. Reuters reported that mid-cap and small-cap indices touched record highs, gaining roughly 0.4% and 0.8%, respectively, during the session. Overall market breadth was relatively constructive, with 11 of 16 major sectors trading higher at one stage.
Several individual stocks remained in focus because of corporate developments and earnings-related triggers. The watchlist included Bharti Airtel, ONGC, Nykaa, Marico, Kalyan Jewellers, MCX, BSE, Metropolis Healthcare, Deepak Nitrite, Sanofi India and LIC, among others. Stock-specific action remains important as the Q1 earnings season continues.
Shares of LIC fell sharply, around 8.7%, after the government announced a discounted stake sale. Heavyweights including Reliance Industries and HDFC Bank were also among stocks weighing on the broader market, while volatility increased as investors reassessed positions ahead of the RBI announcement.
The market continues to adjust to the newly introduced Closing Auction Session (CAS). On Monday, the Nifty surged 1.6% while the Sensex gained only 0.7%, creating an unusual divergence between the two benchmarks. The new mechanism replaces the earlier volume-weighted closing-price method and is intended to improve price discovery and transparency.
