Page 45 - Indian Stock Market

Sensex ends choppy day 242pts up, Nifty near 21,350; realty, IT stocks soar

Closing Bell on Friday December 22: The BSE MidCap and SmallCap indices outran the benchmarks with 0.74 per cent and 1 per cent gains, respectively

NSE says 7 passive funds tracking Nifty indices launched in Japan, Korea

The National Stock Exchange (NSE) on Wednesday said seven passive funds tracking Nifty Indices have been introduced in Japan and Korea this year, suggesting a strong demand from global asset managers for launching such India-focused products. Of these, six products are tracking Nifty 50 and one product is tracking Nifty50 2x leverage index. "These new products have garnered Assets under Management (AUM) of about USD 550 million," the National Stock Exchange (NSE) said in a statement. At present, there are 21 passive funds tracking Nifty Indices outside India. In addition, there are 270 passive funds tracking various Nifty Indices in India. In the last 10 years, the total AUM of passive funds tracking Nifty Indices in India and outside has increased to about USD 70 billion in November 2023 from about USD 1 billion in November 2013, growing at an annualized rate of 53 per cent. "We are seeing a strong demand from global asset managers for launching India-focused passive products. Th

Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami

Stocks to Watch on December 15, 2023: eYantra has received a staffing service order worth $900,000 from Nvidia; Plenty Pvt Group & Multiples Pvt Group may sell 2.3% stake in PVR Inox

DOMS Industries IPO receives 15.16 times subscription on day two of offer

The initial share sale of pencil maker DOMS Industries received 15.16 times subscription on the second day of offer on Thursday. The Rs 1,200 crore Initial Public Offer (IPO) received bids for 13,39,90,938 shares against 88,37,407 shares on offer, according to data available with the NSE. The Retail Individual Investors (RIIs) part received 41.07 times subscription while the quota for non-institutional investors got subscribed 25.77 times. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.18 times. The IPO has a fresh issue of up to Rs 350 crore and an offer for sale component of Rs 850 crore. Price range for the offer is Rs 750-790 a share. The IPO of DOMS Industries got fully subscribed within hours of opening for bidding on Wednesday and finally ended the day with 5.71 times subscription. DOMS Industries has raised Rs 538 crore from anchor investors. Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand

Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291

The funds are expected to augment the capital base of the company. Out of the total, the company plans to raise Rs 760 crore through the sale of fresh equity and Rs 200 crore via Offer for Sale

Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine

Closing Bell on December 11, 2023: The BSE Sensex registered a new summit at 70,058, but eventually settled at 69,929 on Monday. Nifty gained 28 points at 20,997.

Investors should limit their allocation to smallcap funds at 15-20%

Book profit if you have become overweight after the recent run-up

Investors' wealth rises by Rs 2.17 trn in deals as markets scale new peaks

Investors turned wealthier by Rs 2.17 lakh crore on Wednesday, as benchmark indices raced to scale new peaks, lifted by gains in blue chip stocks on the back of strong institutional inflows. Benchmark sensitive indices Sensex and Nifty touched record highs in initial trade on Wednesday, with Nifty nearing the psychologically-important level of 21,000. The 30-share BSE Sensex jumped 303.25 points, or 0.44 per cent, to a new record high of 69,599.39 in the morning trade. The broader index Nifty also climbed 100.05 points, or 0.48 per cent to hit its fresh lifetime high of 20,955.15. The market rally added Rs 2.17 lakh crore wealth to investors' kitty. The market capitalisation of BSE-listed companies surged to Rs 348.64 lakh crore in initial deals on Wednesday, from Rs 346.47 lakh crore in the previous trading session. Analysts said foreign institutional investors have reversed their selling strategy and have been consistent buyers during the last seven days. This momentum is a ...

India's stock market value tops $4 trillion, narrowing gap with Hong Kong

The market capitalisation of companies listed on India's exchanges has risen by $1 trillion in less than three years, as the South Asian market emerges as one of the best performers

Sensex, Nifty end at record highs as BJP clinches 3 state polls; banks soar

Closing Bell on December 4, 2023: The S&P BSE Sensex zoomed over 1,400 points intraday to hit a new record high of 68,918. The Nifty50, on the other hand, hit a fresh lifetime high of 20,703

Will markets extrapolate state poll outcomes to general elections in 2024?

Meanwhile, last week, the S&P BSE Sensex gained 2.29 percent or 1,511 points to end at 67,481 levels, while the Nifty50 gained 473 points, or 2.39 per cent, to 20,267 levels

Indian investors need protection from manipulative short-selling practices

Third party reports and comments can affect markets and shake investor confidence

Indian markets hit historic $4 trn market cap milestone for the first time

With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion)

Stock market holiday: BSE, NSE closed today due to Guru Nanak Jayanti

Stock market holiday today: Including November 27, the Indian stock market has remained closed for 13 weekdays so far in 2023

Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%

Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.

Stocks set to hit new highs in 2024 by over 10% as economy hums: Poll

The benchmark BSE Sensex index touched an all-time high of 67,927.23 in September, recording the longest streak of gains in 16 years

Global trends to dictate movement in markets this week, say analysts

Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows. "The market's stability may be influenced until the conclusion of state elections, at which point a discernible trend might materialize," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Foreign portfolio investors have largely been sellers in Indian markets since August. During August, September October and November till 15th FPIs cumulatively sold stocks for Rs 83,422 crores through the exchanges, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial ...

RIL, banks, IT stocks drag Sensex 188 pts down, Nifty below 19,750

Closing Bell on November 17, 2023: The broader markets, on the other hand, notched gains with the BSE MidCap and SmallCap indices rising 0.27 per cent and 0.36 per cent, respectively

Sensex gains 307 pts, Nifty holds 19,750; IT stocks dazzle, PSBs decline

Closing Bell on November 16, 2023: Among sectors, the Nifty PSU Bank index fell 0.24 per cent, the Nifty FMCG 0.15 per cent, and the Nifty Bank 0.09 per cent

Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm

Stocks to Watch on Thursday, November 16, 2023: The RBI has asked Bajaj Finance to stop sanctioning and disbursal of loans under 'eCOM' and 'Insta EMI Card' segments with immediate effect