Market players said the developments in China has promoted several foreign funds to prune their exposure to the entire emerging market (EM) pack
Equity benchmark Sensex surged over 150 points in early trade on Tuesday, tracking gains in index majors HDFC Bank, ICICI Bank and Tata Steel amid a positive trend in global markets. The 30-share BSE index was trading 155.51 points or 0.29 per cent higher at 53,007.78 in initial deals, while the broader NSE Nifty rose 48.15 points or 0.30 per cent to 15,872.60. Tata Steel was the top gainer in the Sensex pack, rising more than 1 per cent, followed by ICICI Bank, HDFC Bank, IndusInd Bank, Maruti, Titan and SBI. On the other hand, Axis Bank, L&T, HCL Tech, Nestle India and HDFC were among the laggards. In the previous session, Sensex ended 123.53 points or 0.23 per cent lower at 52,852.27, and Nifty slipped 31.60 points or 0.20 per cent to 15,824.45. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 2,376.79 crore on Monday, as per provisional exchange data. Domestic markets look to be modestly good as of now. Notably, .
Newly listed start-up Zomato is seen entering the index before the end of 2022
The benchmark indices fell for the last three sessions as rising Covid cases brought fresh worries about disruption in economic activities
Sensex shed 355 points to end at 52,198, down 0.7%; Nifty lost 120 points to end at 15,632
Inflation, delta variant concerns trigger global risk off sentiment
The schemes returned 4.1 per cent on average, better than the 0.9 per cent given by the benchmark.
Infosys closed 0.3 per cent higher after posting strong earnings and raising its forecast on the back of a pandemic-driven expansion in digital offerings by businesses globally.
Stock will need to move to about Rs 328 a share (4.3x over possible IPO price of Rs 76) for it to be part of Nifty index
Sensex posts biggest loss in nearly two months
The Sensex rose 393 points, or 0.75 per cent, to end at 52,699, while the 50-share Nifty gained 104 points, or 0.7 per cent, to close at 15,790
Benchmark indices Sensex and Nifty retreated from record high levels on Wednesday following intense selling in Reliance and HDFC twins as investors turned cautious ahead of the outcome of the US Federal Reserve's policy meeting. The 30-share BSE index ended 271.07 points or 0.51 per cent lower at 52,501.98. It had closed at an all-time high of 52,773.05 on Tuesday. The broader NSE Nifty retreated from a record and declined 101.70 points or 0.64 per cent to 15,767.55. PowerGrid was the top laggard in the Sensex pack, shedding around 2 per cent, followed by IndusInd Bank, Reliance, L&T, UltraTech Cement and Bajaj Finance. On the other hand, Nestle, NTPC, ONGC, Bajaj Finserv Hindustan Unilever and Infosys were among the gainers. Investors kept an eye on the two-day US Federal Reserve meeting, which is set to conclude on Wednesday. Lack of fresh trigger from overseas markets also weighed on the local stocks as Asian markets closed mixed. Bourses in Shanghai, Hong Kong and Tokyo ended
Aviation, hospitality, and multiplex stocks rising on hopes of strong rebound in coming months
In this podcast, Business Standard caught up with CapitalVia Global Research's Gaurav Garg and Angel Broking's Milan Desai to understand where is the market headed, what are the near-term challenges
IT companies dominate the list of stocks that hit lifetime highs this year, followed by banks and financial services.
Nifty holds 15,300, sees all-time closing high, RBI flags risk of bubble in Indian equity markets and other top news of the day
Technical analysts say the Nifty looks set to log new life-time highs
Shrinkage cuts across MNCs, PSUs, institutionally-controlled firms and widely held ones; Drop in independent directors, largely led by public sector companies, is a key reason
The broader NSE Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15
Returns were calculated on a time-weighted rate of return basis for the schemes under consideration