Equity benchmark indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues. The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434.31 points or 0.59 per cent lower at 72,623.09 points. It touched the intra-day low of 72,450.56, down 0.83 per cent from previous closing level of 73,057.40 points. Similarly, the broader Nifty also paired all its intra-day gains before closing 141.90 points or 0.64 per cent down at 22,055.05 points. The 50-share barometer had hit a lifetime peak of 22,196.95 points on Tuesday and remained mostly in the upward trajectory on Wednesday. In the Sensex pack, 20 stocks ended in the red while 37 of the Nifty constituents closed the session with losses. NTPC was the biggest loser among the Sensex constituents, ending with a loss of 2.71 per cent. It was followed by PowerGrid, Wipro, HCLTech, L&T and Tech ...
Empirically, in General election year, Nifty tends to bottom out in Feb- March, followed by minimum 14% rally towards General election outcome in each of 7 instances over last 3 decades
Mid and small-cap stocks could go through higher volatility, and one should be selective within them.
In the calendar year 2023, financials saw FPI net flows of $6012 million and industrial stocks saw flows of $7127 million.
FY25 equity inflows to exceed the $36.7bn inflows of FY21
US Rate cuts should induce flows, while domestic flows to rein in volatility. A stable currency will aid sentiments
With the new additions in 2023, the number of Nifty index-linked global passive funds has gone up to 21
P/E multiple expansion in smallcaps and midcaps sharper than largecaps
The RBI on Friday riased its GDP forecast for the current fiscal to 7 per cent from 6.5 per cent earlier
The new Nifty 50 Net Total Return index aims to measure how Nifty 50 performs by taking into account reinvested cash dividends and gains from bonuses issued
Experts suggest that this is a sign that higher interest rates have dampened worker demand and raised bets that the Fed's monetary policy tightening cycle is over
Across the board, all sector indices closed the month on a positive note. The realty sector emerged as the top performer, witnessing a substantial increase of 18 per cent.
India's GIFT Nifty was down 0.05% at 20,132 as of 8:03 a.m. IST. The blue-chip Nifty 50 index on Wednesday settled at 20,096.60, above the 20,000 mark for the first time since Sept. 18
Six straight year of gains on muhurat trading day
But rising US bond yields cap gains
Nifty ended the session at 19,047, with a gain of 190 points or 1.01 per cent
Nifty500 index is a broad-based index of the top 500 companies in India. These companies represent 96% value of the free float market.
The index most recently closed at 19,674, a level deemed crucial by technical analysts
Sensex, Nifty50 fall for a third day as FPIs intensify selling
On Tuesday, the NSE Midcap 100 and Nifty Smallcap 100 logged their biggest declines since December