As of 3: 29 p.m., futures contract of Dow Jones was 0.8% lower, that of S&P 500 fell 2%, and Nasdaq 100 fell 3.5%.
China: Conference Board Leading Index — 7:30 p.m.
Europe: Belgian Business Climate — 7:30 p.m.
US: New Home Sales — 8:30 p.m.
Market breadth was skewed in the favour of sellers. As many as 3,513 stocks fell, 601 rose, and 120 remained unchanged on the BSE.
The NSE Nifty 50 and BSE Sensex extended losses for a second day.
The benchmark indices ended at the lowest level in over seven months.
The NSE Nifty Media was the top loser sector, while the NSE Nifty PSU Bank was the best performing sector.
The NSE Nifty Midcap 150 ended 2.83% down at 19,152.10.
The NSE Smallcap 250 ended 3.66% down at 15,416.30
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Nitin Spinners' board has approved a capital expenditure of Rs 1,100 crore for capacity expansion, as per an exchange filing.
Share indices across Europe declined as investors await for the earning season start. The Euro Stoxx 50 index was 67.87 points or 1.30% down at 5,151.50. The FTSE 100 index was 0.28% down at 8,478.17 as of 2:01.
Remain hopeful there will be policy measures for quicker growth
Confident on delivering our full year guidance for financial year 2025
Expect Bangalore will start contributing meaningfully from next fiscal onwards
Adani Wilmar Q3 Results: Net Profit Doubles To Rs 410.6 Crore, Beats Estimates
Morgan Stanley has initiated coverage on International Gemmological Institute India Ltd., offering an 'overweight' rating and highlighting the company’s promising position within the expanding lab-grown diamond market.
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Delhivery has entered into a pact with Hindustan Petroleum Corp for the pan-India distribution of lubricants, according to an exchange filing.
Kalyan Jewellers: Rs 35,063.64 crore
Oracle Fin: Rs 27,057.19 crore
Suzlon Energy: Rs 20,703 crore
Oberoi Realty: Rs 20,688.97 crore
Godrej Properties: Rs 20,552.76 crore
The risk-off mood continued to weigh on Dalal Street investors as the sour start to the year only worsened with the broader market along with their top peers extending the selloff.
The benchmark Nifty 50 and the 30-stock Sensex fell as much as 1.15% and 1.11% on Monday taking the fall to over 13% for both indices since their September peak.
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KEC International: Rs 10,908.88 crore
Newgen Tech: Rs 9014.45 crore
CDSL: Rs 8916.99 crore
PG Electroplast: Rs 8658.42 crore
AB Real Estate: Rs 7503.16 crore
The NSE Nifty 50 index declined over 5% from 200-day moving average.
The benchmark index declined 13% from all-time high.
The Nifty Smallcap fell 7% from 200-day moving average, just 2% away from entering the bear market
HDFC Bank: Rs 1,14,868.75 lakh crore
Zomato: Rs 63,451.06 crore
Trent: Rs 59,307.75 crore
ITC: Rs 54,363,38 crore
LIC: Rs 52,307.73 crore
Sterlite Technologies Ltd. has appointed Pankaj Malik as the interim Chief Executive Officer of the company's Global Services business, while Jeric McCoy has joined as Vice President of Sales for its US subsidiary, Sterlite Technologies Inc, according to an exchange filing.
Biocon's board has approved the issuance of commercial papers worth Rs 570 crore on a private placement basis, as per an exchange filing.
Larsen & Toubro Ltd. has emerged as the preferred engineering, procurement, construction contractor for a solar PV and battery storage giga scale project in Abu Dhabi, according to an exchange filing.
Easy Trip Planners Ltd. has announced the launch of EasyVijay, a platform that offers travelers an unparalleled opportunity to explore iconic battlefields around the world, where pivotal moments of history unfolded, the company said in an exchange filing.
Market breadth was skewed in favour of sellers. Around 2,471 stocks declined, 597 stocks advanced, and 188 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.66% or 152.05 points down at 22,940.15, and the BSE Sensex was 0.64% or 489.36 points down at 75,701.43.
The yield on the 10-year bond declined 4 bps to 6.68%. It closed at 6.72% on Friday, according to data Bloomberg.
Rupee weakened by 15 paise to open at 86.35 against the US Dollar. It closed at 86.20 on Friday, according to data on Bloomberg.
Downgrade to Reduce with a target price of Rs 500 compared to Rs 580 earlier, which implied a 16% downside.
Deterioration of asset quality and NIM moderation led to soft performance
Credit cost in credit cards appears to have peaked as per management
Credit cost in MFI likely to remain elevated for 2-3 quarters
Build in a higher credit cost of 1.85% and 1.7% for FY26 & FY27
FY26F-27F Earning Per Share estimates are 17-20% lower than consensus
Build Return on Asset and Return on Equity of 1.4-1.5% and 13-14%, respectively over FY26-27F
Value at 1.8x Dec-26 PBV
Investors should use the budget as a tool to understand the country's economic direction and build a long-term portfolio as the budget provides insights into macroeconomic trends and government priorities, helping investors make informed decisions.
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