Indices reverse early losses to make fresh highs
Indian equities overcame Fed jitters and reversed early losses to make fresh highs on Thursday. The Sensex surged 535 points to 73,158, and the Nifty rose 162 points to 22,217. Cash market volumes on the NSE were a bit lower than the previous session but still closed at ₹1.02-lakh crore. The mid-cap index rose more […]
Despite RBI restrictions, MFs hiked stake in Paytm in January
Mutual funds holding in troubled Paytm (One 97 Communication) have increased 70 per cent to ₹3,384 crore in January compared with ₹1,995 crore in December as they ramped up exposure to average cost. Investors who have bought stock at a high price tend to buy more of the same stock when it falls. This helps […]
Midday market update: Sensex and Nifty show marginal gains
BSE Sensex traded at 73,108.75, up by 51.35 point or 0.07 per cent as of 1.09 pm on Wednesday, while Nifty 50 was at 22,216.05, up by 19.10 points or 0.09 per cent. On the BSE, a total of 3,871 stocks were traded as of 1:10 pm, with 1,890 advancing, 1,860 declining, and 121 remaining […]
Hindalco subsidiary Novelis files papers with SEC for IPO
Aditya Birla Group company Novelis Inc has filed papers with the US market regulator Securities and Exchange Commission relating to the proposed initial public offering of its common shares. Novelis, the leading aluminium solutions provider and the world leader in aluminium rolling and recycling, is the wholly-owned subsidiary of Hindalco Industries. The proposed IPO of […]
Stocks that will see action today: February 20, 2024
Investment firm Verlinvest Asia Pte offloaded 70.42 lakh shares representing 8.34 per cent equity stake of Sula Vineyards and Mousserena LP disposed of 29 lakh shares representing 3.44 pc stake of the Nashik-based wine producer. The shares were sold in a price range of ₹575.47-576.78 apiece. After the latest transaction, Verlinvest Asia Pte has exited […]
Stock markets advance for 5th day; Nifty hits record high, Sensex up 281 points
Stock markets closed higher for the fifth consecutive day on Monday with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares. The BSE Sensex rose by 281.52 points or 0.39 per cent to close at 72,708.16. As many as 17 Sensex shares advanced […]
More PMS schemes outperform benchmarks than mutual funds: PMS Bazaar
A study by PMS Bazaar that analyzed 335 PMS investment approaches and 388 mutual funds (regular funds) across one, three, five and 10-year periods showed that PMS investment approaches outperformed their benchmarks by 70 per cent on average across all timeframes and categories, while mutual funds outperformed 48 per cent of the time. Also read:PMS […]
FPIs maintain faith in Indian debt, inject ₹16,559 crore in Feb 1-16 despite equity sell-off
Foreign Portfolio Investors (FPIs) continued to double down on Indian debt markets, pumping in ₹ 16,559 crore in sovereign debt securities in the first fortnight this month even while remaining net sellers on the equity front to the tune of ₹ 3,776 crore, official data showed. A better than expected fiscal consolidation announced in the […]
Index Outlook: Sensex, Nifty 50: Crucial Resistances Ahead
Nifty 50 and Sensex witnessed a strong bounce last week. This was contrary to our expectation to see a fall. Though the indices witnessed a subdued start, they picked up momentum in the second half of the week. Both the Sensex and Nifty 50 have closed over a per cent each. Among the sectors, barring […]
Alpex Solar jumps threefold on NSE-Emerge listing
Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and surged further to ₹362.70 — a gain of 215 per cent. The IPO, which opened between February 8–12, saw an overwhelming response from the investors […]