1 hr ago
Sensex Slips as Nifty Rises; Tata Stocks Gain
India’s stock market had a mixed day.
The Sensex went down slightly, but the Nifty finished higher.
Many Tata Group companies saw their share prices rise.
Investors reacted positively after N Chandrasekaran was given another five-year term as chairman of Tata Sons.
Pharma, real estate, and automobile companies also performed relatively well.
Banking and FMCG shares were weaker.
Experts said investors remained careful because interest rates, oil prices, foreign selling, and global tensions could affect markets.
They said the Nifty is still in a generally weak pattern, with 23,000 an important level to watch.
The Sensex slipped while the Nifty settled higher after a volatile session.
Tata Group shares gained following N Chandrasekaran’s reappointment as Tata Sons chairman for another five-year term.
Tata Chemicals rose 5.86%, Tata Investment Corporation climbed 5.47%, and Tata Motors Passenger Vehicles advanced 4.58%.
Pharma, realty, auto, and several mid- and small-cap stocks outperformed, while banking and FMCG stocks lagged.
Analysts cited global rate concerns, elevated crude prices, foreign selling, Middle East tensions, and tariff risks as market uncertainties.
- Who
- Indian stock-market investors, Tata Group companies, N Chandrasekaran, and market analysts.
- What
- The Sensex slipped while the Nifty finished higher, with several Tata stocks posting gains after Chandrasekaran’s reappointment.
- Where
- India’s equity markets.
- When
- Thursday, during the reported trading session.
- Why
- Tata shares gained after Chandrasekaran’s reappointment, while broader trading was influenced by the US Federal Reserve’s rate hike, crude prices, foreign selling, and global economic and geopolitical concerns.
Key facts
- Tata Sons leadership
- N Chandrasekaran was reappointed chairman for a further five-year term.
- Top Tata gainer
- Tata Chemicals rose 5.86%.
- Other major gainers
- Tata Investment Corporation gained 5.47%, Tata Motors Passenger Vehicles rose 4.58%, and Tata Motors advanced 2.88%.
- Sector performance
- Pharma, realty, and auto stocks were among the stronger performers; banking and FMCG lagged.
- Global rate decision
- The US Federal Reserve raised rates by 25 basis points.
- Crude prices
- Brent crude remained above $104 per barrel during the session.
- Nifty levels
- Analysts identified 23,000–23,120 as support and 23,370–23,500 as resistance.
Quotes
Ajit Mishra
SVP – Research at Religare Broking
“The anticipated Fed rate hike, along with easing bond yields, offered temporary support to global equities and reinforced expectations of gradually moderating inflation. Despite this, Nifty remained volatile but ended higher, supported by value buying following the recent correction. Investor sentiment is likely to stay cautious amid concerns over a possible broader rate-tightening cycle, driven by ongoing Middle East tensions and the risk of US tariffs. Mid- and small-cap stocks continued to ”
businesstoday.in
“Markets remained resilient on Thursday despite a cautious global backdrop following the US Federal Reserve's 25-bps rate hike. After opening on a flat note, the benchmarks remained volatile within a narrow range before settling with modest gains. The recovery was supported by selective buying in domestic-facing sectors, although gains remained capped by concerns over global liquidity, elevated crude prices and continued foreign selling.”
businesstoday.in
Sources
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