Page 66 - Latest Updates on Sensex
IT sector valuation premium over Sensex at highest level in over a decade
BSE IT Index trading at P/E multiple of 34.3x - nearly 29% higher than that of Sensex
 "IT sector valuation premium over Sensex at highest level in over a decade")
Indices tumble to three-month lows, down 1.6% on Omicron fears
India was the worst-performing market globally on Monday, extending its recent run of underperformance to the world markets
 "Indices tumble to three-month lows, down 1.6% on Omicron fears")
Omicron, US Fed's hawkish tone drags indices down by more than 1%
Experts said the mood turned sombre after first Omicron cases were reported on Thursday from Karnataka
 "Omicron, US Fed's hawkish tone drags indices down by more than 1%")
Markets post strong gains for a second day, key indices gain 1.3% each
The new variant had rattled the markets, with several countries imposing travel restrictions, raising questions about whether the global economic recovery could sustain
 "Markets post strong gains for a second day, key indices gain 1.3% each")
Indian stocks unlikely to recoup recent losses, correction likely: Poll
Buoyed by easy monetary policy, a gradual re-opening of the economy and a rapid vaccination drive, the benchmark BSE Sensex Index has rallied nearly 20% year-to-date
 "Indian stocks unlikely to recoup recent losses, correction likely: Poll")
November show worst for Sensex and Nifty indices since March 2020
Volatility continued on Tuesday as indices swing 1,300 pts to end 0.4% lower
Sensex valuation hits lowest in 15 months; index underlying EPS up 50%
The index valuation was the highest in March this year when it was trading at a P/E of around 35X.
 "Sensex valuation hits lowest in 15 months; index underlying EPS up 50%")
Sensex swings over 1,200 pts; rupee weakens to below 75 on Omicron concerns
The 50-share Nifty after dropping to a low of 16,782 managed to close at 17,053.95, with a gain of 27.5 points, or 0.16%
 "Sensex swings over 1,200 pts; rupee weakens to below 75 on Omicron concerns")
Markets regain some lost ground after worst decline in seven months
The gains were capped as the impact of the new variant on the economic recovery and central bank policy action remained uncertain
 "Markets regain some lost ground after worst decline in seven months")
India slips to seventh place on world m-cap ranking, shows data
The benchmark Sensex is currently down 7.54 points, or 4,658 points from its record high of 61,766 on October 18
 "India slips to seventh place on world m-cap ranking, shows data")
New coronavirus variant wreaks havoc in markets, FPIs accelerate selling
The Dow Jones Industrial Average was down 2.53 per cent at 34,898 in early trading, tracking its worst day since late October 2020
6% rally in Reliance Industries stock powers gains for Sensex and Nifty
Shares of Reliance Industries Limited were in heavy demand on Thursday as it jumped over 6 per cent, helping market benchmarks close with huge gains.
 "6% rally in Reliance Industries stock powers gains for Sensex and Nifty")
Sensex, Nifty log first gain in 5 sessions; power, metal stocks gain
PowerGrid was the top gainer in the Sensex pack, rising around 4 per cent
Exchanges, depository observing World Investor Week to raise awareness
During the week, market infrastructure institutions (MIIs) will conduct an array of educational activities
 "Exchanges, depository observing World Investor Week to raise awareness")
Top headlines: Farmers hail repeal of farm laws; govt may tax crypto gains
Business Standard brings you the top stories on Friday
 "Top headlines: Farmers hail repeal of farm laws; govt may tax crypto gains")
Sensex slumps 372 points; Nifty drops below 17,800; IT, auto stocks weigh
The 30-share BSE Sensex tumbled 372.32 points or 0.62 per cent to finish at 59,636.01
IT major Wipro to replace Bajaj Auto in Sensex, effective December 20
IIFL Alternative Research estimates Wipro to see passive inflows of $166 million and Bajaj Auto to see outflows of $80 million on account of the rebalancing
 "IT major Wipro to replace Bajaj Auto in Sensex, effective December 20")
Markets dip over fears of policy rollback, RBI caution on equity valuations
Benchmark indices shed about 0.6%; RIL, SBI drop by over 2% each
 "Markets dip over fears of policy rollback, RBI caution on equity valuations")
Emerging markets to 'struggle' in 2022, indicates Morgan Stanley
After downgrading Indian equities recently, Morgan Stanley sees emerging markets 'struggling' for returns in calendar year 2022. Here's a report on the brokerage's stance on different countries
 "Emerging markets to 'struggle' in 2022, indicates Morgan Stanley")
Sensex, Nifty advance on gains in IT, FMCG stocks; PowerGrid up 3%
TCS rose by 0.83 per cent, while Infosys inched up 0.31 per cent