Thanks to IT stocks, Sensex, Nifty recover
Benchmarks BSE Sensex and NSE Nifty advanced on buying in IT stocks and expectations of a status-quo in the policy rates of the Reserve Bank of India (RBI) which is set to announce its revised monetary policy on Thursday. Besides positive global cues, investors’ interest in oil as gas stocks helped the indices. Also read:Broker’s […]
Nifty and Sensex edge higher; market trends signal caution amidst global challenges
The NSE Nifty was up by 0.39 per cent or 85.80 points to 21,860.65 points, while the BSE Sensex was at 72,000.09, up by 0.37 per cent or 268.67 points. A total of 3,193 stocks were actively traded, with 2,144 advancing, while 951 declined and 98 stocks remained unchanged, with 242 stocks hitting a 52-week […]
SEBI may enhance large-cap stocks categorisation
Capital market regulator SEBI will soon widen the ambit of large, mid and small cap stocks based on their market capitalistion after the dizzying rally in equity markets last year. Mutual funds have moved SEBI to enhance the large-cap classification from top-100 companies in terms of market capitalisation to 125. Subsequently, mid-cap will now be […]
Five companies’ IPOs are set to hit market this week
India’s primary market continues to be red hot, with four mainboard initial public offerings (IPOs) and one small and medium enterprise (SME) platform-related offering set to hit the market this week to mop up about ₹2,700 crore. Also read: Apeejay Surrendra Park Hotels raises impressive ₹409 crore in anchor round before IPO While the mainboard […]
Mcap of eight of top-10 most valued firms climb ₹2.90 lakh crore; Reliance shines
The combined market valuation of eight of the top-10 most valued firms climbed ₹2.90 lakh crore last week, with Reliance Industries emerging as the lead gainer, amid optimism in equities. Last week, BSE benchmark Sensex jumped 1,384.96 points or 1.95 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, […]
Do the ‘Magnificent 7’ still have fire power?
The week gone by had it all. Resurfacing jitters of regional banking crisis in the US resulted in bond yields collapsing significantly in early part of the week. Then, a hawkish Fed pushing back expectations of interest rate cuts last Thursday, was followed by a significantly hotter-than-expected US monthly jobs report that resulted in yields […]
Morgan Stanley buys 50 lakh shares of One 97 Communications for ₹244 crore
Morgan Stanley Asia (Singapore) bought 50,00,000 shares of One 97 Communications, Paytm’s parent company, for ₹487.2 apiece in a bulk deal amounting to about ₹244 crore. The transaction was executed towards the end of market close on Friday, according to a source. One 97 Communications remained locked in a lower circuit for the second consecutive […]
SBI MF mops-up ₹Rs 900 crore via passive Nifty50 Equal Weight Index Fund
SBI Mutual Fund, the country’s largest fund house, has collected over ₹900 crore through its new fund offer which closed on January 29. The fund house received over 40,000 applications during the NFO period. The SBI Nifty50 Equal Weight Index Fund is an open-ended scheme replicating or tracking the Nifty50 Equal Weight Index, effectively with […]
Indices trade flat amid Budget presentation, Fed status quo
Indian equities traded flat on Thursday amid a status quo by the US Federal Reserve and a Budget speech that underscored the government’s resolve towards fiscal prudence. Also read: Budget 2024: Opens doors for prolonged tax haven for startups, Gift City units The Sensex fell 106 points or 0.15 per cent to close at 71,645, […]
Budget 2024: Rail stocks trade higher ahead of Budget
Stocks of companies related to railways were trading in the positive territory on Thursday morning ahead of the presentation of the Interim Budget. Shares of IRCON International rallied 3.26 per cent, Texmaco Rail & Engineering jumped 2.71 per cent, Indian Railway Finance Corporation climbed 2.58 per cent and Rail Vikas Nigam advanced 1.52 per cent […]