Insolvency resolution should not be weakened
Inflation data, global trends and foreign fund trading activity are the major factors that would drive the domestic equity market this week, said analysts. The last batch of the ongoing quarterly earnings would also influence trading, they added. Unabated foreign fund inflows and a rally in global equities drove the equity benchmarks higher on Friday. The 30-share BSE benchmark Sensex on Friday zoomed 1,181.34 points or 1.95 per cent to settle at 61,795.04 -- surpassing its previous closing peak of 61,765.59 hit on October 18, 2021. "The sentiment will continue to be driven by the movement of the world markets. The market will be keeping an eye on our domestic inflation statistics," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Ajit Mishra, VP - Research, Religare Broking Ltd, said, participants will be eyeing crucial macroeconomic data -- CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on
Softer-than-expected retail inflation triggers global rally
The 30-share BSE Sensex ended 151.60 points or 0.25 per cent lower at 61,033.55
The long-awaited pivot away from US equities may finally be at hand, and India may benefit from this shift
Premier exchange BSE on Monday reported a 48 per cent fall in net profit at Rs 33.8 crore for the quarter to September from Rs 65.1 crore in the year-ago period as its operating margin fell to a fourth of the previous fiscal. While the operating margin crashed to 7 per cent in the reporting quarter from a high 28 per cent a year ago, its operating income fell by 75 per cent to Rs 13.4 crore from Rs 53.2 crore, the bourse said in a regulatory filing. The exchange filing did not offer a reason for the massive fall in both except saying that its expenses jumped 36 per cent to Rs 184.3 crore from Rs 135.6 crore. Revenue of Asia's oldest exchange inched up 6 per cent to Rs 239.8 crore for the quarter from Rs 225.8 crore in the same period of the previous year. Operational revenue grew 5 per cent to Rs 197.7 crore from Rs 188.8 crore. It booked other income of Rs 42.1 crore, up 14 per cent from Rs 37.1 crore. The exchange saw issuers raising Rs 3.7 lakh crore through equity, bonds, ...
The average daily trading volume (ADTV) for the National Stock Exchange's equity cash segment has declined sequentially in seven of the 11 years
The S&P BSE Sensex closed at 60,950.36 on Friday. This is 815 points away from the October 18 all-time closing high of 61,765.60
Benchmark indices gained in 11 of the past 12 trading sessions
Gross sales came in at Rs 10,809.2 crore, growing by 13.1% over Q2 last year
In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.
Its net interest income (NII) expanded by 29 per cent YoY to Rs 649 crore in the reporting quarter.
Leading stock exchange BSE has launched Electronic Gold Receipt (EGR) on its platform, a move that will help in efficient and transparent price discovery of the yellow metal. It introduced two new products of 995 and 999 purity during the Muhurat trading on Diwali and trading will be in multiples of 1 gram and deliveries in multiples of 10 gram and 100 gram, the exchange said in a statement. The announcement came after the exchange last month received final approval from the Securities and Exchange Board of India (Sebi) for introducing EGR on its platform. BSE in February received in-principle approval from Sebi after which the exchange conducted several mock trading in the test environment for its members to facilitate trading in EGRs. EGRs will cater to all market participants, which means that buyers and sellers on the exchange will include individual investors, as well as commercial participants along the value chain like importers, banks, refiners, bullion traders, jewellery
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.
The BSE MidCap index fell about 4 per cent in Samvat 2078, while the BSE SmallCap index added 0.4 per cent
Experts feel Sebi diktat may deter those with non-financial background from joining boards
This is the second block deal by Invesco in seven months, which offloaded 7.8% stake in Zee Entertainment in April
Lender eyes equity offering by Q4FY23 or early FY24