Stock Market LIVE: GIFT Nifty Hints At Negative Open; Infosys, Minda Corp, HCLTech, Swiggy Shares In Focus
The GIFT Nifty was trading 0.10% or 26 points down at 25,190 as of 7:58 a.m. Follow NDTV Profit's blog live update on stock price movements, analysts' views, and latest company news.
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IPO News: Saatvik Green Energy IPO Allotment And GMP In Focus Today
The initial public offering (IPO) of Saatvik Green Energy was subscribed 6.57 times on the third and final day of bidding on September 23.
The issue received bids for 9,38,08,672 shares against 1,42,71,970 offered.
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Stock Market Today|Stock Market LIVE: GIFT Nifty Indicates Slight Lower Open
The GIFT Nifty was trading 0.10% or 26 points lower at 25,190 as of 7:57 a.m., which indicated a slight lower open for the benchmark NSE Nifty 50 index.
Stock Market LIVE: Nifty Sees Immediate Resistance At 25,500–25,600
The NSE Nifty 50 ended lower for the second straight session on Monday with investor sentiment cautious amid concerns over currency depreciation, foreign institutional investor outflows, and global policy uncertainties, according to analysts.
The benchmark, which closed 0.13% lower at 25,169.50, formed a second consecutive high wave candle with a lower high and lower low in the daily chart, Bajaj Broking said. "The Nifty on expected lines is seen consolidating in a range for the third session in a row. We expect it to extend the same and trade in the range of 25,500–25,000 in the coming sessions."
Stock Market Today| Experts' View: Investors Remain Cautious On External Volatility
"Investor sentiment in the domestic market remains underpinned by an expected pickup in growth supported by tax reforms and the recent GST cut that are set to fuel consumption. However, persistent foreign fund outflows, a record-weak rupee at 88.78/USD, and stretched valuations are keeping investor sentiment cautious. Adding to the volatility are global headwinds—from U.S. tariff threats to visa fee hikes, which are putting additional pressure on the IT stocks and other export linked sectors."Ponmudi R, CEO of Enrich Money
"A sustained move above 25,100 could spark a rebound towards 25,300–25,350, while failure to hold 25,080 may drag the index lower to 25,000–24,950. With GIFT Nifty pointing to a flat start, the market tone remains delicately balanced—slightly bullish above 25,100, but vulnerable if 25,080 is breached."Hariprasad K, Analyst and Founder, Livelong Wealth
