News for BASF India Limited (BASF.NS)

Indian markets tumbled on Friday, mirroring global anxieties over the US Federal Reserve's projected slower rate cuts. Heavy selling in financial and IT stocks pushed the Sensex down 1.5% and Nifty 1.52%, as foreign funds flowed out. European markets also declined, while US stocks rebounded slightly after a positive inflation report.

Indian indices extended their losing streak for the sixth consecutive session, dragged by corporate earnings concerns and Middle East tensions. Nifty fell 0.87% to 24,795, and Sensex dropped 0.78%. Analyst Rupak De sees a bearish trend, with support at 25,400. Jatin Gedia sees a short-term target of 24,500.

Indian indices fell for the sixth consecutive session on Monday, pressured by Middle East tensions and concerns over corporate earnings. Nifty slipped below the 55-EMA, indicating a bearish trend. Analyst Rupak De sees a short-term volatile trend with a predominantly bearish outlook.

Indian indices ended flat amid profit booking in energy stocks. Analysts anticipate volatility as geopolitical tensions rise and support levels for Nifty are observed around 25,650-700.

Indian indices ended flat amid mixed performances, with Reliance and HDFC Bank dragging down. Analysts recommend stocks like Chambal Fertilizers and EID Parry for potential gains amid cautious sentiment.

Stock market holiday: During the previous session on Tuesday, domestic benchmarks settled lower as energy shares dragged. The 30-share BSE Sensex pack shed 33 points or 0.04 per cent to end at 84,266. The broader NSE Nifty index edged down 14 points or 0.05 per cent to close at 25,797.

Asian Paints, Bajaj Auto, Maruti Suzuki, HUL and Tata Steel were among the top losers on NSE.

Indian equity indices Sensex and Nifty50 registered their steepest drop in two months due to profit booking and weak Asian markets, breaking below key support levels. Analysts highlight potential further weakness with key support at 25,750 and resistance at 26,000. The bearish sentiment affected both major and smaller stocks.

Investors are now focusing on the minutes of the latest Fed policy meeting and Fed Chair Powell's upcoming address later this week, seeking clues on the U.S. rate cut trajectory.

The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24): BASF

The Nifty Auto index closed 1.7 per cent up at 24937.6.

Shares of Vadilal Enterprises (Rs 4,795.70), BASF India (Rs 6,925.70) and Venky's India (Rs 2,191.40) were locked in the upper circuit of 20 per cent on the BSE

Indian blue-chip equity indices reversed their earlier gains and closed lower on Tuesday, contrasting a broadly positive global momentum, dragged by profit booking with analysts citing valuation concerns and global uncertainties as factors denting sentiment.

Hrishikesh Yedve of Asit C. Mehta Investment, said, "Nifty witnessed heavy selling pressure after forming a spinning top pattern and ended with a red candle. A strong break below 24,000 will likely trigger further selling pressure in the index. On the downside, 23,300 and 23,000 will provide significant support for Nifty in the immediate term."

The 30-share BSE Sensex pack rallied 1,171 points or 1.46 per cent to trade at 81,211, while the broader NSE Nifty index moved 374 points or 1.53 per cent to trade at 24,780.

Nifty soared to a new record high on Tuesday, forming a bullish pattern on the charts. After breaking through the 24,400 resistance level, the next target for the index could be 24,960. The momentum indicator showed bullish trade on the counters of BASF India, Kaynes Technology, Hindustan Aeronautics, Britannia Industries, and Colgate-Palmolive (India).

The 30-share BSE Sensex pack soared more than 500 points to hit a day high of 76,968, while the broader NSE Nifty index moved 155 points up to hit an all-time peak of 23,420.

The Nifty Auto index closed 1.83 per cent up at 22874.8.

The Nifty Realty index closed 0.88 per cent up at 955.25.