News for Sundaram Finance Limited (SUNDARMFIN.NS)

Stock Market Today: Trump Tariffs have become a grim reality for the markets, geopolitics and economies globallyUS President Donald Trump announced a 25 per cent tariff on imports from Canada and Mexico and a 10 per cent tariff on Chinese goods.

The NSE Nifty index was trading 124.06 points down at 24064.6

Indian markets surged on Thursday, with Sensex climbing 1,436 points to 79,943.71 and Nifty rising 445 points to 24,188.65, driven by financial, auto, and IT stocks ahead of the upcoming earnings season.

In the Nifty50 index, 48 stocks closed in the green, while 2 stocks ended in the red.

The Indian stock market closed in the green on Monday, breaking a five-session losing streak. Strong gains in heavyweight financial and metal stocks, coupled with positive cues from regional markets after subdued U.S. inflation data, lifted the benchmarks higher.

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.

Indian equity indices closed lower as investors booked profits after record highs, though the Nifty and Sensex maintained weekly gains, indicating strong market sentiment.

A long bullish candle appeared on the Nifty daily chart, signaling a decisive breakout above the 26,000 level after a period of consolidation. The daily chart shows positive patterns, including higher highs and lows, indicating strong upward momentum with minimal downward corrections.

Indian indices hit new highs for the fifth straight session, led by financials and energy, while small-caps declined. Nifty closed at 26,004, up 0.25%. Analysts remain positive on the market, with support at 25,800 and resistance at 26,200-26,250.

Sensex and Nifty50 hit record highs on Thursday, driven by gains in commodity stocks and expectations of China cutting mortgage rates. The Nifty rose 1.89% to 25,388, while the Sensex increased 1.77% to 82,962. Analysts foresee continued gains with key resistance at 25,500.

Nifty ended Friday's session with an 84-point gain and formed a rounding bottom pattern on the daily chart, signaling strength. This breakout suggests the index could rise towards 25,500 in the short term. If Nifty maintains levels above 25,500, it might advance towards the 26,000-26,250 range, aligning with the rounding bottom pattern target, according to Hrishikesh Yedve of Asit C Mehta Investment Intermediates.

Tata Motors, RIL, Tech Mahindra, ITC and Coal India Ltd were among the top losers on NSE in today's trade.

The Nifty Realty index closed 1.83 per cent up at 1053.4.

Shree Vasu Logistics, Globus Spirits, Sundaram Finance, Arihant Capital and Oriental Hotels, hit their fresh 52-week highs during the day.

Buzzing Stocks Today, Stocks that will see action today: August 1, 2024 -- Infosys, Wipro, Automobile companies, SIS, Graphite India, Bharat Forge, Godfrey Phillips, Indian Hotels, Oil PSUs, GE Powe

NSE restricts securities accepted as collateral for margin trading, raising concerns among traders and investors.

The Nifty's upward trajectory persists, with any potential dips or consolidation presenting buying opportunities, according to the prevailing bullish pattern.

Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels.

The Nifty Auto index closed 2.16 per cent up at 22067.95.