Last week, four of India’s top 10 most-valued companies added a total of ₹81,151.31 crore to their market valuation, with ICICI Bank and HDFC Bank leading the gains. Despite this, the BSE benchmark index declined by 156.61 points, or 0.19 per cent, as per a report by PTI. ICICI Bank’s valuation increased by ₹28,495.14 crore … Read more
The domestic market has been on a downward trend influenced by global pessimism, profit-booking due to elevated valuation, and a shift in FII funds. This month, the global market continues to exhibit mixed signals, led by China’s disinflation, geopolitical tensions, and high inflation data. The Fed is expected to delay its 25 bps rate cut … Read more
Indian stock market: Indian stock market benchmarks, the Sensex and Nifty 50, declined for the second straight session on Wednesday, October 16, due to weak global signals. The Sensex dropped 319 points, or 0.39 per cent, to 81,501.36, while the Nifty 50 closed at 24,971.30, down 86 points, or 0.34 per cent. “Nifty fell below … Read more
Shares of Sudarshan Chemical Industries rallied 20 per cent on Friday, October 11 to their 52-week high after the company announced the acquisition of the global pigment business of Germany’s Heubach Group. The company in an exchange filing today said, “… Sudarshan Chemical Industries Limited has entered into a definitive agreement on 11th October 2024, … Read more
Midcap Navratna PSU stock: Rail India Technical and Economic Service, (RITES) Ltd, a Navratna PSU, is making waves in the stock market today, with shares surging over 7 per cent on news of a major international deal. The mid-cap infrastructure consultancy has inked a groundbreaking partnership with Etihad Rail, positioning itself for significant rail infrastructure … Read more
The stronger impact on the domestic stock market was partly due to our playing on a weak wicket. In the weeks prior, the domestic market had been underperforming relative to other EMs. The underperformance intensified as investors began shifting funds to Asian counterparts like China, trading at significantly lower valuations—10x to 25x forward P/E in … Read more
Foreign portfolio investors (FPIs) have shown erratic behaviour when it comes to investing in finance and banking stocks, with buying sprees frequently interrupted by periods of selling. After significant selling of financial stocks by FPIs in January and February, March saw renewed interest, only for the selling to resume in April and May. The pattern … Read more
Both gold and equities are shining bright in fiscal 2025 (FY25), with each asset class enjoying a strong performance this year. Nifty 50 has gained about 16 per cent, while spot gold prices in India have climbed over 12 per cent in FY25 so far. Durable economic growth, easing inflation, increased retail participation, and political … Read more
Nifty September F&O series delivered expectational returns amid high volatility. The September derivatives series began with a steady rise in the benchmark indices and then witnessed some profit-taking. However, in the second-half of the series, bulls came roaring and the market saw a relentless rally, giving the bears no breathing room. Nifty 50 ended the … Read more
Indian stock market indices, Sensex and Nifty 50, have been hitting record highs led by positive momentum in the global equities that gathered pace after the US Federal Reserve’s outsized interest rate cut last week. On Thursday, the Sensex hit a fresh record high of 85,930.43 before closing 666.25 points, or 0.78%, higher at 85,836.12. … Read more