All of last week on the Nifty was dominated by two stocks and one theme. The two stocks being Reliance Industries and HDFC Bank, while IT was the theme that continued to hog the limelight. If one took the market higher, the other ensured that the gains were kept in check and vice versa. In …
India’s Mutual Funds exited their positions in five state-run companies like SJVN Ltd. Bank of Baroda Ltd., SAIL Ltd., RITES Ltd. and IRCON International Ltd., according to a note by Nuvama Alternative & Quantitative Research. Additionally, some funds also pared their existing positions in PSUs like NHPC, Oil India and NALCO. While SBI Mutual Fund …
Banks, capital goods, and oil and gas stocks catapulted the Nifty index to a record high of 22,353.30 points, and the Sensex to 73,819.21 on Friday. This was driven by provisional domestic institutional investors buying of ₹3,814.53 crore and proprietary trader purchases of ₹618.58 crore, BSE data show. Foreign portfolio investors purchased shares worth a …
Mumbai: Industry body Association of Mutual Funds in India (Amfi) has asked mutual funds to put in place safeguards to protect the interests of all investors in mid- and small-cap funds. Amfi sent this letter after markets regulator Securities and Exchange Board of India (Sebi) raised concerns of “froth building up in small and midcap …
Barring Monday’s blip, the last week turned out to be a good one for the markets. The Nifty reported another weekly advance and has now oscillated between gains and losses for four weeks. Another good bit is the fact that the Nifty closed above 22,000 for the first time in a month. The last time …
Defying negative cues from global peers, Indian equity markets staged a smart recovery during Wednesday’s intra-day trading to settle at day’s high led by gains in State Bank of India, Bank of Baroda, and other PSU banks, which continue to see buying interest among traders. At close, the BSE Sensex rose 267.64 points or 0.37% …
India’s stock benchmarks made a recovery in the second half of Friday’s trading session as investors bought banking, financial, and pharma stocks ahead of the last leg of the third-quarter corporate results and key macro data this week. In this week gone by, Nifty shed 120 points or 0.55% to finish at 21,782.5, while BSE …
The law of averages appear to be finally catching up with the gravity-defying rally seen by the Nifty and if not by the index, some of its sectors for sure. From the 22,124 top it made on January 16, the Nifty 50 is already down nearly 900 points in the next five sessions. Tuesday’s session, …
New Year’s day was just turning out to be the perfect start to 2024 that Indian equities were hoping for, continuing from where they left off in 2023. The Nifty even made a new record high of 21,834. However, the index saw a steep fall soon after from the record levels, with provisional closing even …
It is not very often that you see the Nifty drop 500 points from the day’s high, but it is also not very often that you see the index rally close to 3,000 points within two months either. Therefore, Thursday’s correction witnessed by the benchmarks, without any apparent trigger, may not have surprised many market …