Stock market today: Nifty50 opens flat; BSE Sensex near 83,600
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500, BSE Sensex was in red.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500, BSE Sensex was in red.
A new US-Vietnam trade agreement, imposing a flat 20% tariff on Vietnamese exports, is causing concern in Asian markets. The deal replaces a previous agreement with preferential access, potentially disrupting Vietnam’s $135 billion export flow.
Top stock market recommendations: Nuvama Professional Clients Group’s Aakash K Hindocha recommends Titagarh Rail Systems, ICICI Prudential Life Insurance, and CESC as top buys for today. Nifty faces selling pressure, potentially retesting 25250, while Bank Nifty appears stretched, with selling pressure expected around 57150-57200.
Asian shares saw modest gains as investors awaited crucial US jobs data, hoping for signals of Federal Reserve rate cuts. Wall Street’s record closes, spurred by a new US-Vietnam trade deal, boosted global trade optimism. However, China’s slowing services activity and concerns over US consumption tempered gains, highlighting the high stakes surrounding the upcoming jobs…
Captain Shubman Gill’s unbeaten century, coupled with Ravindra Jadeja’s support, propelled India to 310/5 on Day 1 at Edgbaston. Former England pacer Steven Finn noted the shortened boundaries, linking it to England’s ‘Bazball’ approach. Gill’s captaincy and Jaiswal’s aggressive start put India in a strong position despite Woakes’ early breakthroughs.
Shubman Gill etched his name in cricket history, becoming only the second Indian captain to score centuries in both the first and second Tests in England. Following his 147 at Headingley, Gill’s unbeaten 114 at Edgbaston led India to 310/5, showcasing exceptional leadership under pressure.
Harindarpal Singh Banga and his family, early investors in Nykaa, are selling a 2.1% stake in the company for $140.3 million through a block deal. The Banga family, holding nearly 5% stake, will offload 60 million shares at a 5.5% discount. Previously, in August 2024, Banga divested 1.4% stake in Nykaa for Rs 852 crore.
Tensions with China are disrupting India’s manufacturing sector as China delays machinery deliveries and pulls its citizens from Indian factories, including those at Apple’s contract manufacturer, Foxconn. This is happening alongside new restrictions on magnet exports to India, impacting automobile and electronics production.
The RBI has prohibited prepayment penalties on floating-rate personal and small business loans to simplify lending and facilitate lender switching. Effective January 1, 2026, this directive applies to loans sanctioned or renewed by various financial institutions. The waiver extends to loans up to Rs 50 lakh for smaller lenders, ensuring transparency and fairness in loan…