Page 42 - Nifty 50

Nifty ends Feb F&O series below 22K; broader indices shine; PSB index up 2%

Stock market highlights on Thursday, February 29: Among sectors, the Nifty Media index closed with losses of 0.76 per cent. On the upside, the Nifty PSU Bank index eked out gains of 1.8 per cent

Is it a good time to buy stocks, or will the markets correct further?

On the global front, analysts expect the 'higher for longer' narrative as regards interest rates to play out for some more time as leading global central banks remain in a wait-and-watch mode

Sensex drops 533 pts in broad selling; IT, metals worst hit; VIX jumps 4%

Stock market highlights on Monday, February 26, 2024: The Nifty50 shut shop at 22,122, down 91 points or 0.41 per cent. The mid, small-cap indices fell up tp 0.3 per cent.

India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood

While market valuation is high, it should be seen in the context of the acceleration in growth, Wood says

Digital banking infra provider Signzy buys Difenz at valuation of $5 mn

Digital banking infrastructure provider Signzy has acquired Difenz, a fraud risk management solutions provider, in a cash and equity deal at a valuation of USD 5 million (about Rs 41.4 crore). The acquisition also gives an exit to existing investor 8i Ventures, according to a release. Announcing Signzy's takeover of 8i-funded Difenz at a valuation of USD 5 million, the release said the deal positions Signzy as one of the largest RegTech (regulatory technology) companies in the country providing advanced risk and compliance solutions to financial institutions. The transaction is a cash and equity deal, the release said but did not elaborate on details. "Signzy will now provide seamless AI-led KYC compliance solutions to the financial institutions (FIs) thereby eradicating redundancy across frameworks," it said. This will also enable Signzy to provide advanced AML (Anti-Money Laundering) screening, transaction monitoring, effective chargeback management and compliance management sys

Tech picks: JK Lakshmi, Castrol can rally up to 20%, says HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has broken out from a consolidation phase and can rally towards 22,600-22,700.

Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way

The recent outperformance (before the sharp fall in past sessions), Jefferies said, was helped by earnings per share (EPS) upgrades and return on equity (RoE) improvement.

Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn

Meanwhile, the broader markets showed no signs of cooling off despite concerns about frothy valuations

Sensex rises 612 pts ahead of interim Budget, US Fed; all sectors gain

Stock market highlights on Wednesday, January 31: In the broader markets, the BSE MidCap and SmallCap indices advanced 1.57 per cent and 1.83 per cent, respectively

Over 80% of Sensex, Nifty50 stocks trade above their 200-DMA

The 200-DMA is considered one of the most relevant trend indicators by investors and traders. They believe that stocks and indices trading above this key level exhibit strength and are likely to rally

Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%

Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent

SBI Mutual Fund launches new equal-weight index fund, aims Rs 500 cr

The largest fund house SBI Mutual Fund on Monday launched a new equal-weight index fund that will track the Nifty 50 index, and expects to garner at least Rs 500 crore during the primary subscription period. For investors, the open-ended fund comes with a relatively lower cost as it is a passive fund which will remain open from January 16 to 29, the fund house said. "We are targeting to collect at least Rs 500 crore during the primary subscription period," DP Singh, the deputy managing director & joint chief executive at SBI Funds Management, told PTI. The investment objective of the scheme is to provide returns that correspond to the total returns of the securities represented in the underlying Nifty index, he said. Shamsher Singh, the managing director & chief executive, said, the new index fund is a smart-beta strategy that allocates equal weight to all stocks, instead of considering market cap as the sole criteria. Investors who seek balanced diversification and a ...

Sensex soars 847 pts, ends above 72,550 for first time; Nifty nears 21,900

Closing Bell on Friday, January 12: Infosys jumped 8 per cent on the benchmark indices as new deal wins accounted for 71 per cent of total deals in Q3FY24. TCS, too, surged 4 per cent

Sensex ends 272 pts up as RIL, HCLTech, ICICI Bank jump up to 3% in fag end

Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619

Buy Glenmark Life, Amber for up to 8% upside, recommends HDFC Securities

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to face resistance around 21,750.

Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500

The brokerage says the global macro environment has turned more favourable compared to two months ago with expectations of stronger US growth and optimism around rate cuts by the US Federal Reserve

Nifty50 overvalued by 20%, expect correction in 6 months: Kotak Securities

Nifty index looks to be 20% overvalued as per our model after moving up more than 10 per cent in the last two months, it said

Enter 2024 with low return expectations from market, warns Kotak Securities

Kotak thinks it is best to avoid sectors like automobiles and components, electric utilities and IT services

Broad-based profit growth make the case of actively managed funds in 2024

Active largecap funds post improved performance in 2023, mid and smallcaps stumble

Sensex sprints 970 pts, ends atop 71,450; Nifty holds 21,450; IT, PSBs jump

Stock market LIVE updates on December 15, 2023: In the broader markets, the BSE MidCap and SmallCap indices were ruling 0.44 per cent and 0.65 per cent higher, respectively