The benchmark Nifty and Sensex indices rose 28% and 25%, respectively, during the year, their best gains in three years; However, the bigger stars were the smaller stocks — the Nifty Midcap 100 and the Nifty Smallcap 250 which roared ahead 64% and 68%, an upsurge which has attracted theRead More →
A surprising divergence has cropped up in the equities markets ahead of the interim budget wherein retail investors have been net sellers in the cash market, while those trading through mutual funds continue to invest in equity schemes. While attributing the divergence to profit-booking by direct retail investors, market veteransRead More →
Last week witnessed a positive trend in the market, with the BSE benchmark surging 542.3 points or 0.75 percent. Five out of the top 10 most-valued firms collectively gained ₹1,99,111.06 crore in market valuation, buoyed by bullish sentiments. Reliance Industries (RIL) retained its position as the most-valued firm, followed byRead More →
However, technical analysts say that greater clarity on market direction would emerge in Friday’s session. The Nifty50 and the 30-share Sensex advanced 0.5% each to close at 21,255.05 and 70,865.10, respectively, as DIIs bought shares worth a provisional ₹1,464.70 and bears trimmed short bets in Nifty futures contracts. TheRead More →
The Nifty and Sensex tanked by 1.4% and 1.3% respectively, their worst fall since 26 October, as Singapore revived mask mandates and issued a travel advisory amid the spread of JN.1, a new sub-variant of the novel coronavirus causing covid-19. India has recorded 21 cases of the new sub-variant soRead More →
‘Stop me if you can,’ TVS Motor Co. Ltd stock seems to be saying. The two-wheeler maker’s shares have risen close to 50% so far in 2023, after gaining 73% in 2022. This means its market capitalization has risen to about ₹75,600 crore on 31 October from ₹29,788 crore onRead More →
MUMBAI : Indian stocks plunged on concerns over the impact of rising US bond yields, the widening Israel-Hamas conflict, and the pressure on profitability posed by potentially higher crude oil prices. The decline was fuelled by widespread selling by retail and affluent investors across small- and mid-cap stocks, which hadRead More →
India’s six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) will begin its three-day meeting to decide on India’s short-term monetary policy on Tuesday (August 8). RBI Governor Shaktikanta Das will announce the meeting outcome on Thursday (August 10). The recent sharp rise in vegetable and pulsesRead More →
MUMBAI : Retail investors directly participating in India’s largest stock exchange, the NSE, have been offloading shares at a rapid pace, despite the sharp rally in the market in recent months. Cumulative net outflows in April-May was at ₹150 billion, the highest in seven years for the corresponding period evenRead More →
MUMBAI : The National Bank for Financing Infrastructure and Development (NaBFID), India’s youngest state-backed infrastructure financier, on Thursday said it has raised ₹10,000 crore in its maiden bond issue. The infrastructure financier said it received bids of ₹23,629.5 crore and the bonds were oversubscribed by about 4.7 times, as againstRead More →
