Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty closed at 23,532.70, while Sensex ended at 77,580.31. Nifty 50 has corrected more than 10% from the record high it hit in September 2024.

Amar Ambani of YES Securities expects Nifty to settle between 22,200 to 23,000 on a closing basis. Value buying from domestic investors will emerge, followed by FII inflows, he said.

The Bears bandwagon has continued in the market for the seventh consecutive day. Among the key reasons for the decline are downgrades in major stocks for FY25, coupled with consistent foreign investor outflow,

BSE Sensex and Nifty50, the Indian equity benchmark indices, opened flat in trade on Monday. While BSE Sensex was near 77,600, Nif

Aditya Ultra Steel Limited's stock rose 8% amidst global market weakness, fueled by positive H1FY25 financial performance. The company plans major expansions, including a solar power plant, to boost production and sustainability,

Gift Nifty picked up momentum to trade at 23,526, up by 0.4%. On the other hand, Asian stocks traded mixed with South Korean index KOSPI skyrocketing by 2.3% as Samsung shares jumps on buyback plan.

Foreign portfolio investors sold stocks worth Rs 1,849.87 crore, while DIIs mopped up stocks worth approximately Rs 2,481.81 crore, according to provisional data shared by the National Stock Exchange.

Stock Market Highlights: 29 out of the 50 constituent stocks of the benchmark NSE Nifty50 ended lower, dragged by Hindustan Unilever, Britannia Industries, BPCL, Tata Consumer, and Nestle India

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,500 level, a discount of nearly 100 points from the Nifty futures’ previous close.