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Nifty extends losing streak to seven sessions; PSU Banks rally ahead of RBI policy
BusinessLine· 2025-09-29 14:14
Market Overview - Benchmark indices ended a volatile session marginally lower, with the Nifty marking its seventh consecutive day of decline as investors exercised caution ahead of the Reserve Bank of India's monetary policy outcome due on October 1 [1] - The Sensex settled 61.52 points or 0.08 per cent lower at 80,364.94, while the Nifty 50 dipped by 19.80 points or 0.08 per cent to 24,634.90 [1] Sector Performance - Mixed sectoral performance was observed, with PSU Banks emerging as the top gainers, rallying 1.89 per cent, followed by Oil & Gas at 1.4 per cent, and energy and realty sectors gaining around 1 per cent each [3] - The midcap segment showed resilience, with Nifty Midcap 100 gaining 154.60 points or 0.27 per cent to 56,533.15, while Nifty Next 50 surged 690.15 points or 1.03 per cent to 67,835.10 [4] Market Breadth - Market breadth on the BSE remained negative, with 2,389 stocks declining against 1,822 advances out of 4,377 traded stocks [5] - Notably, 146 stocks hit their 52-week highs while 166 touched 52-week lows [5] Notable Gainers and Losers - IndusInd Bank led the Nifty gainers, surging 3.07 per cent to ₹734.60, followed by Titan Company which gained 2.70 per cent to ₹3,417.00 [6] - On the losing side, Maruti Suzuki India topped the decliners, falling 1.76 per cent to ₹16,000.00, followed by Axis Bank which declined 1.73 per cent to ₹1,134.00 [7] Derivatives Market - Significant open interest build-up was observed in Samman Cap, Dixon, Hindustan Petroleum, Nestle India, and Power Grid, indicating active positioning in these counters [9] - F&O data highlighted sustained pressure from the call side, with total call OI at 26.78 crore versus put OI at 16.57 crore [9] Currency and Commodity Insights - The rupee traded slightly weak near 88.73, down 0.06 per cent, with expectations of continued pressure due to gold price rises and trade deal uncertainties [11] - Gold prices surged to fresh lifetime highs, with MCX price rising ₹1,100 to ₹1,15,000, supported by expectations of another Fed rate cut [12]
Stock markets end marginally lower in volatile trade
Rediff· 2025-09-29 11:19
Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week.Photograph: Hemanshi Kamani/ReutersAfter gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94.During the day, it hit a high of 80,851.38 and a low of 80,248 ...
Stock markets bounce back in early trade after falling sharply last week
The Hindu· 2025-09-29 04:42
Core Viewpoint - Equity benchmark indices Sensex and Nifty rebounded in early trade on September 29, 2025, following a sharp decline the previous week, driven by value-buying at lower levels and a positive trend in global markets [1]. Group 1: Market Performance - The 30-share BSE Sensex increased by 255.46 points to reach 80,681.92 [1]. - The 50-share NSE Nifty rose by 89.05 points, reaching 24,743.75 [1]. - Last week, the BSE benchmark fell by 2,199.77 points or 2.66%, while the NSE Nifty dropped by 672.35 points or 2.65% [3]. Group 2: Sector Performance - Major gainers in the Sensex included Bharat Electronics, Eternal, Tata Steel, Tata Motors, Titan, and Mahindra & Mahindra [1]. - Lagging stocks included Hindustan Unilever, Axis Bank, Larsen and Toubro, and Bharti Airtel [2]. Group 3: Global Market Influence - Asian markets showed positive performance with South Korea's Kospi, Shanghai's SSE Composite index, and Hong Kong's Hang Seng trading higher, while Japan's Nikkei 225 index was lower [2]. - U.S. markets ended higher on September 26, 2025, with the Dow snapping a 5-day losing streak [3].
Billion-dollar IPO coming! LG Electronics India may raise Rs 11,500 crore; valuation seen around $9 billion
The Times Of India· 2025-09-25 17:18
The South Korean electronics giant secured regulatory approval for its updated draft red herring prospectus on Thursday and is expected to file the final version early next week, sources told Bloomberg. The revised valuation places the company at roughly $9 billion, down from the earlier projection when the IPO papers were first filed in December.Third billion-dollar IPO this yearThis would mark the third billion-dollar IPO after HDB Financial Services and Hexaware Technologies in a year that has already se ...
Sensex dives 556 points, Nifty settles below 25,000
Rediff· 2025-09-25 10:44
Stock markets closed with losses for the fifth consecutive day on Thursday, with the Sensex tumbling 555.95 points due to relentless foreign fund outflows and concerns over the US H-1B visa fee, making investors jittery.Photograph: Danish Siddiqui/ReutersThe 30-share BSE Sensex tanked 555.95 points or 0.68 per cent to settle at 81,159.68.During the day, it dropped 622.74 points or 0.76 per cent to 81,092.89. The 50-share NSE Nifty tumbled 166.05 points or 0.66 per cent to 24,890.85.A weak trend in global pe ...
How to use personal loans for shopping, travel, and home renovation during festivals
MINT· 2025-09-25 09:34
Core Insights - The festival season drives increased household spending, leading to a surge in personal loan applications to cover expenses related to celebrations, gifts, and travel [1][2]. Personal Loans Overview - Personal loans are a practical financial tool for managing festival expenses, offering quick approval and minimal paperwork [3]. - Interest rates for personal loans from leading financial institutions range from 10% to 16.5% per annum, with flexible repayment periods from 12 to 96 months [3][4]. Usage of Festival Loans - Personal loans can be utilized for various festival-related expenses, including shopping for apparel and jewelry, home renovations, family trips, and purchasing furniture and electronics [7]. Digital Convenience - The online application process for personal loans allows for instant approvals and disbursal within 24 hours, catering to the urgent financial needs during the festival season [5][6]. Smart Borrowing Tips - To maximize benefits from personal loans, borrowers should compare interest rates and processing charges, ensure EMIs do not exceed 40% of monthly income, and read the terms carefully [11].
Banks, NBFCs Light Up Season With Special Offers
Rediff· 2025-09-24 06:31
Core Insights - Banks and shadow banks are launching various offers to boost credit demand during the festive season, which has been relatively muted this year [2] - Lenders are reducing interest rates on loans for homes, vehicles, and personal use, while waiving processing fees and extending repayment tenures [2] Group 1: Offers and Discounts - Many banks have partnered with retailers and e-commerce companies to provide 'instant' EMI options, cashback deals, and discounts on purchases [3] - ICICI Bank is offering savings of up to ₹50,000 on transactions made through credit or debit cards, internet banking, and cardless EMI [4] - HDFC Bank is providing 'festive treats' with savings of up to ₹50,000 on various loans, including personal, business, and vehicle loans [5] - Axis Bank has launched 'Dil Se Open Celebrations' to offer discounts, cashback, and exclusive deals for upcoming festivals [6] Group 2: Specific Offers by Banks - State Bank of India is providing a 10% instant discount on credit card purchases made during Amazon's 'Great Indian Festival' sale [7] - Non-banking financial companies (NBFCs) are focusing on two-wheeler loans following a GST cut, targeting demand in Tier-II and Tier-III cities [8] - Shriram Finance plans to introduce schemes for gold, housing, and vehicle loans to capitalize on festival demand [9] - L&T Finance has announced three festival schemes for two-wheeler customers, including no-cost EMI and prompt payment rebates [10] Group 3: Market Trends - There is a noticeable increase in demand within the auto ecosystem, particularly for two-wheelers, three-wheelers, and passenger vehicles [9] - The overall sentiment indicates a steady underlying demand for credit, with expectations of increased borrowing across key segments due to GST rationalization [8]
NSE/BSE, Top Gainers & Top Losers Today 23 September 2025: Axis Bank, Bajaj Finance, Maruti, SBI, Kotak Bank
BusinessLine· 2025-09-23 13:34
Market Overview - Indian equity markets experienced a volatile session, with the Nifty 50 decreasing by 32.85 points, or 0.13%, to close at 25,169.50, and the BSE Sensex falling by 57.87 points, or 0.07%, to 82,102.10, reflecting cautious investor sentiment amid currency weakness and mixed sectoral performance [1]. Currency Impact - The Indian rupee reached a record low of 88.62 against the U.S. dollar before settling at 88.75, driven by concerns over a recent U.S. visa fee hike and ongoing outflows from foreign institutional investors. A weaker currency raises concerns about import-led inflation but is also seen as beneficial for India's IT and metals exporters in the long term [2]. Top Gainers - Axis Bank led the market gains, increasing by 2.32% to ₹1,170.75. Bajaj Finance followed with a 1.95% rise, closing at ₹1,025.65. Other notable gainers included Maruti Suzuki, which climbed 1.83% to ₹16,097.95, State Bank of India, up 1.81% to ₹870.50, and Kotak Mahindra Bank, which rose 1.31% to ₹2,047.85 [3]. Top Losers - Trent was the biggest loser, declining by 2.34% to ₹4,892.00. Tech Mahindra fell 2.15% to ₹1,471.90. Hindustan Unilever and UltraTech Cement both saw a drop of 1.94%, ending at ₹2,521.55 and ₹12,400.70, respectively. Asian Paints also declined by 1.42% to ₹2,447.50 [4].
Sensex, Nifty end in red in volatile trade
Rediff· 2025-09-23 11:59
Benchmark stock indices Sensex and Nifty closed lower for the third consecutive day on Tuesday in a volatile trade, dragged by selling in IT and blue-chip private banking shares and foreign fund outflows amid concerns over the steep hike in US H-1B visa fees.Photograph: Danish Siddiqui/ReutersAfter oscillating between gains and losses during the day, the 30-share BSE Sensex closed lower by 57.87 points or 0.07 per cent at 82,102.10.During the day, it hit a high of 82,370.38 and a low of 81,776.53, fluctuati ...
International airline co-branded credit cards are rolling out red carpet for Indians: Here’s how frequent travellers can benefit
The Economic Times· 2025-09-22 01:00
Core Insights - The article discusses the growing trend of co-branded credit card partnerships between airlines and banks in India, highlighting their role in enhancing customer loyalty and engagement [1][8] - It notes that while such partnerships are still relatively rare in India, they have been successful in other markets, generating significant revenue [8] Airline Partnerships - The first co-branded partnership in India was between Jet Airways and Citibank in 2003, with many airlines following suit to offer attractive perks [1][8] - Currently, IndiGo is the only major Indian airline with co-branded card partnerships, specifically with Kotak Mahindra Bank and IDFC First Bank, offering rewards in the form of BluChips [2][8] - Air India is expected to launch a new co-branded partnership for its Maharaja Club loyalty program soon [2][8] International Airline Strategies - International airlines are leveraging co-branded cards to attract Indian customers, with major West Asian carriers and airlines like Lufthansa and Singapore Airlines already established in this space [3][8] - The KrisFlyer SBI Card offers significant benefits, including 10,000 KrisFlyer Miles upon activation and eligibility for the KrisFlyer Gold Tier with substantial spending [3][8] - Emirates has a strong co-branded card program with ICICI Bank, providing tier status based on spending, while other airlines like British Airways and Qatar Airways offer Avios co-branded cards [3][4][8] Hotel Partnerships - Marriott and Taj Hotels are also engaging in co-branded card partnerships, offering various perks to attract customers [5][6][9] - The Marriott co-branded card provides a free night stay and Silver Status, while Taj's card offers access to exclusive lounges and upgrades [6][9] Market Trends - The article emphasizes the increasing interest in travel post-pandemic, with co-branded credit cards playing a significant role in encouraging travel and loyalty [8] - Online travel agents are adopting similar strategies to deepen customer relationships and drive bookings [7][9]