After a blockbuster last year, Indian primary market is set to break its record in the next fiscal year. Our next report does a quick check on what's in store for the primary markets in FY23
But their domestic counterparts buy Rs 1,373 crore of stocks
"Even after a 7 per cent correction from the top, India is still not cheap," said Kotak Institutional Equities' Pratik Gupta.
RIL, IT stocks lead rally; Sensex set to reclaim 58K mark
As the Russian invasion of Ukraine continued to drag on, markets declined on Monday, pushing oil prices even higher.
Feels market conditions improving, but still keeping a watch; updated DRHP filed with Sebi
In the previous five trading sessions, both indices had jumped more than 6 per cent, rebounding from seven-month lows
Nine of the 10 most valued companies together added a whopping Rs 1,91,434.41 crore in market valuation last week, with Reliance Industries, Infosys and TCS emerging as the biggest gainers. ICICI Bank was the only laggard from the top-10 pack. Last week, the benchmark Sensex jumped 1,216.49 points or 2.23 per cent. From the gainers' pack, Reliance Industries Limited (RIL) added Rs 49,492.7 crore, taking its valuation to Rs 16,22,543.06 crore. The valuation of Infosys jumped Rs 41,533.59 crore to reach Rs 7,66,447.27 crore. The market valuation of Tata Consultancy Services (TCS) climbed Rs 27,927.84 crore to Rs 13,31,917.43 crore and that of Bharti Airtel zoomed Rs 22,956.67 crore to Rs 3,81,586.05 crore. The market capitalisation (mcap) of Hindustan Unilever Limited advanced Rs 17,610.19 crore to Rs 4,92,204.13 crore and that of HDFC Bank went higher by Rs 16,853.02 crore to Rs 7,74,463.18 crore. State Bank of India's valuation went up by Rs 7,541.3 crore to Rs 4,19,813.73 crore
The Sensex jumped as much as 3 per cent, or 1,595 points, before it gave up half of the gains amid sharp losses in the European markets
India's $3.2 trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in the major energy-importing nation
A special CBI court here, hearing the National Stock Exchange (NSE) scam case, took an adverse view of the matter asking "who will invest in India with scams like this?"
The surge comes on hopes of de-escalation of the Russia-Ukraine conflict after the Ukrainian President Zelenskyy indicated that the country was no longer interest in NATO membership
The index closed at 16,245 on Friday, down 11 per cent over its 2022 peak of 18,308
Investment bankers say it will be challenging to launch even a single deal in March
The benchmark 10-year bond yield edged up to 6.81 per cent on Wednesday, the highest since February
I suspect sometime in the next few days the market should bottom out and then see a sharp rally, says Rogers
Investors' wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine.
Singapore-based fintech firm Volopay will invest USD 15 million (about Rs 113 crore) over the next 12 months to start operations in India, a senior startup official said on Wednesday.
The 10 most active securities during Feb 2022 were Reliance Industries, HDFC, Cipla, Tata Power, Adani Wilmar, Vodafone Idea Ltd, Tata Consultancy Services (TCS), Adani Power, Tata Motors and Infosys
Domestic institutional investors, including mutual funds, are keeping their powder dry to invest in LIC's offering