Stock market Update on Tuesday, April 30: Q4 results, US Fed meet and trading holiday to weigh on investor sentiment; Gift Nifty hints at a quiet start.
Analysts said selloff in small and midcaps dissipated fast, with investor interest in those stocks reviewing as they found value in certain small and midcap stocks following a sharp drop in valuations
Balu Forge Industries stock price: Ace investor Ashish Kacholia held 2.19 million, or 2.14 per cent stake, in Balu Forge as on March 31, 2024
In March, most of the small and midcap had corrected as much as 30-50 per cent prompted by market regulator Sebi's warning of expensive valuations in the space
BSE SmallCap index today: The SmallcCap index hit a high of 46,426.72 in the intraday trade, and was less than 1 per cent away from its record high
Ashnisha Industries stock price has plunged over 53 per cent in the March quarter, with retail shareholding rising sharply to 82.65 per cent from 73.43 per cent.
Apar Industries, CESC, Glenmark, Jubilant Pharma and Power India are trading in overbought zone; charts suggest bias to remain positive as long as these support levels hold.
Stock market updates on Friday, April 05: Among sectors, the Nifty Realty index gained 1.5 per cent, followed by the Nifty Bank (up 0.9 per cent).
Stock market Update on Thursday, April 04: In the broader markets, the BSE MidCap and SmallCap indices ended mixed with the former down 0.1 per cent but the latter up 0.56 per cent
Stock market Update on Wednesday, April 03: Till 3:30 PM, Bharti Hexacom IPO was subscribed 30 per cent led by retail investors
The broader indices, the Nifty MidCap and SmallCap need to sustain above 48,000 and 7,100 levels, in order to reverse the recent negative sentiment at the counters, suggests technical charts.
The stock of Best Agrolife more-than-halved, dropping 55 per cent, on the BSE during the previous fiscal year
Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.
Nippon MF, Motilal Oswal MF tighten exit-load norms
Sebi had called for such tests in the face of strong inflows into smallcap and midcap funds, despite concerns over high valuations, to keep investors better informed
Investors with a high-risk appetite and under-allocation to smallcaps may consider increasing exposure to companies that have experienced stock price corrections, says Harish Krishnan
Benchmark indices see worst weekly slump in five months
Nifty Midcap 100 index is down 3.9 per cent. In the case of smallcaps, active funds are down 6 per cent vis-a-vis 8.6 per cent decline in the Nifty Smallcap 100 index
Markets are evenly poised, anticipated rate cuts can provide positive impetus to the market going forward, believes Suresh Soni, CEO of Baroda BNP Paribas Mutual Fund.
Stock market updates: In the broader markets, the BSE SmallCap index plunged 5.1 per cent, and the BSE MidCap declined 4.5 per cent. In three days, the BSE m-cap has plunged by Rs 20.69 trillion