Markets will swing to the tunes of Covid for some time to come till we see medical intervention eliminate the threat completely, says Gopani
In the past year, floater funds have on average given returns of 3.79 per cent, lower than other categories like low duration funds, short duration funds, and medium duration funds
The Nifty has formed a bullish candle and is also holding higher bottom series, which support a further uptrend, said analysts
TCS, Infosys, L&T, Tech M, and HDFC Bank were the top gainers on the Sensex today.
The market capitalisation of BSE-listed companies reached another milestone on Thursday, rallying to a fresh all-time high of over Rs 278.15 lakh crore, driven by an ongoing rally in equities. Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30. In five days, the benchmark index has gained 1,633.46 points. The winning momentum has helped the market capitalisation of the BSE-listed companies reach an all-time high of Rs 2,78,15,826.32 crore on Thursday. Investors' wealth also jumped by Rs 7,00,934.44 crore in five days. Tata Steel was the biggest gainer among the 30-share BSE frontline companies' pack with a jump of 6.40 per cent, followed by Sun Pharma, L&T, M&M, Bajaj Finserv and PowerGrid. In the broader market, the BSE small-cap index jumped 0.49 per cent and mid-cap gained 0.38 per cent. "Market is continuing its upward trend with good buying witnessed across mid-cap and small-cap space. .
Among sectors, the Nifty Metal index zoomed 3.5 per cent on the NSE today while the Nifty Realty index slumped 0.8 per cent
Investors were enthused after the US Federal Reserve (Fed) Chair Jerome Powell's statement to the US Congress did not throw up surprises
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
The benchmark Sensex ended the session at 60,617 - a gain of 221 points, or 0.4 per cent
The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed
In the broader markets, the BSE MidCap index added 0.7 per cent while the BSE SmallCap index gained 1.2 per cent.
Of these 953 stocks, 78 per cent or 747 are from the BSE T (87), X (240), XT (351) and Z (69) group.
The market direction in the coming week will be dictated by the Q3 results of domestic IT companies as well as release of macroeconomic data, analysts said
At present, 359 companies are listed on the BSE SME platform
Sectorally, the Nifty Auto and Pharma indices were the only losers, down up to 0.4 per cent
Despite the stellar run in 2021 that saw most global equity markets record healthy gains, we remain bullish on equities for 2022, says Nishant Srivastava
Market participants are already concerned about the rapid global spread of the highly infectious Omicron Covid variant
Of the 3,666 stocks that are traded on the BSE, as many as 592 were locked in the upper circuit levels and there were no sellers on the counter, the exchange data showed.
Large part of today's rally was propelled by financial and banking counters, with 7 of the top 10 index contributors belonging to the space.
The report said the funds raised through ECM deals fell because deals were of smaller values