Indian stocks rebound after US-Iran ceasefire fears; Nifty regains 24,000 as crude steadies

Mumbai: Indian equity benchmarks opened lower on Thursday as the US Federal Reserve’s interest-rate increase and geopolitical tensions weakened investor sentiment.The BSE Sensex opened at 74,182.62, falling 150 points, or 0.21%. The NSE Nifty 50 began trading at 23,195.25, down 22.35 points, or 0.10%.Fed decision pressures marketsThe US Federal Reserve raised interest rates by 25 basis points, matching market expectations. However, its hawkish policy stance, persistent inflation and the resilience of the American economy indicated that financial conditions could remain tight.Sensex, Nifty Bounce Back Strongly As FMCG, Realty And PSU Bank Stocks Rally Fed official Kevin Warsh said inflation had remained excessively high for too long and reiterated the central bank’s commitment to restoring price stability.US 10-year Treasury yields hovering near 5% could remain a challenge for global equity markets. Strong corporate earnings and steady economic growth in the US may offer some support.Media and IT stocks fallNifty Media emerged as the biggest sectoral laggard, declining nearly 1% in early trading. Nifty IT slipped 0.56%, while Nifty Consumer Durables fell 0.31%.Private Bank, MidSmall IT and Telecom, MidSmall Financial Services and Pharma indices also traded lower.In contrast, Nifty PSU Bank gained 0.37%, Chemicals rose 0.22%, Oil and Gas advanced 0.17%, and FMCG increased 0.13%.FII selling continuesForeign institutional investors sold Indian equities worth about ₹2,000 crore in the previous session. Domestic institutional investors provided support by purchasing shares worth nearly ₹3,900 crore.FIIs Sell ₹5,610 Crore In 3 Sessions, DIIs Pour ₹23,160 Crore Into Indian Stocks Despite Market Fall Crude oil prices eased marginally but remained elevated amid geopolitical uncertainty. Brent crude declined 0.2% to $105.62 per barrel, while US West Texas Intermediate crude slipped 0.3% to around $102.Investors are expected to track global bond yields, foreign fund flows, crude oil prices and geopolitical developments for direction in the Sensex and Nifty.

Mumbai (Maharashtra) [India], September 16 (ANI): Indian equity markets closed higher on Wednesday, in line with gains across regional markets, amid expectations around the US Federal Reserve's interest rate decision supported investor sentiment.The Nifty 50 index closed at 23,217.60, gaining 99 points or 0.43 per cent, while the BSE Sensex ended at 74,336.45, up 332.63 points or 0.45 per cent.Large-cap s

Mumbai: Indian equity benchmarks ended higher on Wednesday, snapping a two-session losing streak as buying in FMCG, realty and public-sector banking shares supported a market recovery.Softer crude oil prices also improved investor sentiment before the US Federal Reserve’s policy decision, although caution around its interest-rate guidance kept overall gains measured.Sensex And Nifty Close HigherThe BSE Sensex rose 332.63 points, or 0.45%, to close at 74,336.45. The NSE Nifty advanced 99 points, or 0.43%, to settle at 23,217.60.HDFC Life Insurance Company, ITC and SBI Life Insurance Company ranked among the leading Nifty gainers and provided support to the benchmark indices.Sensex Jumps Over 500 Points, FMCG And Banking Stocks Drive Market Rally The broader market, however, remained subdued. The Nifty MidCap index slipped 0.01%, while the Nifty SmallCap index declined 0.18%.FMCG And PSU Banks OutperformSectoral performance was mixed during the trading session. Nifty FMCG, Nifty PSU Bank and Nifty Realty emerged as the strongest performers as investors accumulated defensive and rate-sensitive shares.Technology and pharmaceutical stocks faced selling pressure. Nifty IT and Nifty Pharma recorded the steepest falls among the major sectoral indices.Key Nifty Support And Resistance LevelsMarket analysts said the 23,300–23,400 range continues to restrict Nifty’s recovery. A sustained move above 23,500 would be necessary to strengthen the broader technical structure and support further gains.Sensex Crashes 778 Points, Nifty Slumps 280 Points Below 23,200 Immediate support is placed between 23,100 and 23,070. A decisive break below 23,070 could increase selling pressure and drag the index towards the 23,000–22,800 zone.Fed Commentary In FocusInvestors are awaiting the US Federal Reserve Chair’s remarks for signals on the future interest-rate trajectory.Balanced guidance could extend the market rebound. However, a hawkish policy outlook, rising US bond yields or Brent crude approaching $110 per barrel could trigger renewed selling.The Fed’s commentary will influence global liquidity, foreign capital flows and the near-term direction of Indian stock markets.

The Indian stock market rebounded on Wednesday, with the Sensex and Nifty rising around 0.5% each after Tuesday’s crash wiped out more than Rs 9 lakh crore from Dalal Street.The Sensex rose over 400 points to above 74,400, while the Nifty 50 gained around 128 points to 23,247 as of 10:45 am. Broader markets remained weak, with the Nifty Smallcap 100 and Nifty Midcap 100 falling up to 0.8%.Also read | Why Sensex crashed over 1,400 pts from day’s high, Nifty closed below 23,150 on TuesdayAxis Bank, M&M, ITC and SBI shares rose around 2% to lead gains on Sensex; Reliance Industries, BEL, Adani Ports, HCL Technologies and Sun Pharma shares gained over 1% each. Bucking the trend, TCS, Eternal, NTPC and Tata Steel shares fell around 1% each.Among the sectors, Nifty FMCG and Nifty PSU Bank indices gained more than 1% each, while Nifty IT, Nifty Metal, Nifty Pharma and few other indices slipped into the red. The overall market breadth remained negative, with NSE seeing 2,082 declines against 1,170 advances, while 108 stocks remained unchanged.What lies ahead for Dalal Street?The Federal Reserve is all set to announce the outcome of their FOMC meeting on Wednesday. The American central bank will likely raise its interest rate today, and deliver at least one more hike by the end of March, according to a majority of economists polled by Reuters.Meanwhile, the weak market construct continues with elevated US bond yields and high crude prices contributing significantly to the weakness, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments. So long as these two crucial macros remain high it would be unrealistic to expect a strong rebound in the market, according to the analyst.He noted that FIIs have been sellers in the market during the last 5 days, and with the US 10-year yield at 5%, they are likely to sell at every small rally in the market. In today’s meeting, the Fed is most likely to raise interest rates by 25 bps. However, this is unlikely to impact the market since it is already discounted by the market, Vijayakumar said, adding that more market-moving factors will be the Fed commentary on the evolving macro-outlook and the likely rate action going forward.Also read | Paytm, MobiKwik, Pine Labs shares rally up to 6% after govt announces UPI fees above Rs 2,000. Why brokerages are bullish“Even though the market is weak there are stock-specific opportunities in this market. Appointment of a new MD and CEO for HDFC Bank expected soon and the new MDR norms for digital transactions introduced by the NPCI are significant events that can influence the markets,” he added.Technical view on NiftyAs feared, Nifty’s inability to float above 23515 has invalidated the upside attempt, said Anand James, Chief Market Strategist at Geojit Investments. He noted that the consequent days of closing below the lower Bollinger Band as well as yesterday’s bearish engulfing candle reflect strong bearishness but also point to peaking fear.“We are still within the support band of 23,260-23,000, lending hopes of a revival, but a close below the same will bring 22,600-21,800 into the radar,” the analyst said, explaining the technical charts for the benchmark index.Also read | Stocks to buy: BofA lists 22 Indian stocks as key picks as it turns bullish on Nifty after 2 yearsDisclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Indian equity markets lost early momentum on September 15, with the Sensex and Nifty slipping into negative territory as investors remained concerned about rising crude oil prices, geopolitical uncertainty and elevated global bond yields.At 10:30 am, the Sensex was trading 46 points lower at 74,735, while the Nifty declined 32 points to 23,365. Market breadth remained weak, with 2,118 stocks declining against 1,438 advancing, while 211 shares were unchanged.Crude oil concerns pressure Indian marketsOil prices continued to remain elevated as investors tracked developments in the Middle East and the possibility of further disruptions to global energy supplies.Gold Prices Fall ₹500 In Delhi To ₹1.55 Lakh Per 10 Gram As Crude Oil Surge And Strong Dollar Pressure Bullion Markets Iran-aligned Houthi forces launched fresh attacks on Saudi Arabia and strengthened their positions along Yemen’s western coast near the Red Sea, according to Yemeni officials. Gulf nations also delayed planned discussions with Iran, adding to concerns that tensions could escalate further.Brent crude prices traded around $107 a barrel in Asian markets. Higher oil prices are considered negative for India, which is among the world’s largest crude oil importers, as they can increase import costs and intensify inflationary pressures.Inflation and global yields add to market worriesRising energy prices have also increased expectations of tighter monetary policy in the US. Investors are watching the Federal Reserve’s upcoming policy decision amid concerns that higher inflation could delay rate cuts. India’s retail inflation also accelerated in August, with price pressures spreading beyond food and transport categories. The increase has strengthened expectations of possible policy action by the Reserve Bank of India.Meanwhile, benchmark 10-year US Treasury yields crossed the 5% mark on Monday for the first time since October 2023. Analysts said the rise in bond yields could have wider implications for global markets and borrowing costs.The combination of geopolitical risks, higher energy prices and rising yields kept investors cautious, limiting gains in Indian equities.

Mumbai: Indian equity benchmarks could remain in a consolidation phase in the holiday-shortened week, with analysts seeing 75,200 as a key upside level for the Sensex and 23,500 as an important resistance for the Nifty.Markets will remain closed on Monday, September 14, for Ganesh Chaturthi. Trading resumes on Tuesday after five consecutive weeks of losses amid elevated crude oil prices, rising global bond yields and persistent US inflation concerns.Sensex Support At 74,000Analysts expect the Sensex to consolidate between 74,000 and 75,200 in the near term. Holding the 74,000 to 74,160 support zone could help sustain the recovery and allow the benchmark to retest 75,000 to 75,200.A decisive move above 75,200 could strengthen the recovery and create room for further gains. However, a break below 74,000 could bring fresh selling pressure.The Sensex fell 2.27 per cent during the week to settle at 74,781.76.Nifty Faces 23,500 HurdleFor the Nifty, analysts see 23,500 as the immediate resistance level. A sustained breakout above this mark could trigger a pullback towards 23,650 in the coming sessions.Failure to cross 23,500 could keep the index confined within the 23,230 to 23,500 range.Analysts warned that weakness below last week's low of 23,231 could push the Nifty towards the June low and short-term support around 23,070. Crude Oil And Global Rate Fears Bruise Markets, Sensex and Nifty Slide Nearly 2% For The Week The Nifty declined 2.09 per cent during the week to close at 23,398.10. The Nifty Midcap index lost 1.40 per cent, while the Smallcap index slipped 0.88 per cent.Friday Recovery Offers ReliefEquities recovered sharply from intraday lows on Friday as crude oil prices eased and investors bought oil-sensitive shares following the recent sell-off.The Nifty recovered 0.72 per cent from its intraday low before closing 0.34 per cent lower.Analysts said a sustained higher high and higher low formation on the daily chart would be needed to indicate that the current downtrend is losing momentum.