The markets are undergoing a turbulent phase but metal companies seem in a bull market
India, as well as the global markets, rebounded sharply from Covid-19 lows logged on March 23, 2020
According to analysts, domestic equities are attractive for foreign investors due to the higher returns. Also a rejig in some of the global indices has led to net inflows into domestic equities
Equity benchmark Sensex rallied over 500 points in opening trade on Friday, buoyed by gains in financial and IT stocks amid positive global cues. The 30-share BSE index was trading 503.28 points or 0.98 per cent higher at 51,782.79, and the broader NSE Nifty was quoting 144.35 points or 0.95 per cent up at 15,319.15. L&T was the top gainer in the Sensex pack, rising around 2 per cent, followed by ONGC, NTPC, HDFC Bank, SBI, IndusInd Bank, ICICI Bank, SBI, Infosys and TCS. On the other hand, Bajaj Auto, Sun Pharma, HUL and Maruti were among the laggards. In the previous session on Wednesday, the Sensex ended 254.03 points or 0.50 per cent higher at 51,279.51, and the Nifty rose 76.40 points or 0.51 per cent to 15,174.80. Markets remained closed on Thursday for Mahashivratri. Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 15.69 crore on Wednesday, as per exchange data. According to V K Vijayakumar, Chief Investment ...
At the closing bell, the BSE gauge quoted 254.03 points or 0.50 per cent higher at 51,279.51 - taking its three-session gains to 874.19 points or 1.73 per cent
In February, the bottom 33 Nifty companies in terms of P/E rose 17.3%, while top-tier P/E stocks shed 1.3%
10-year US Treasury yield crosses 1.5% again following Powell's comments
Analysts put the bond markets' volatility down to positions taken by some traders betting on the possibility of the US Fed tightening monetary policy
Bajaj Finserv was the best-performing Sensex stock, rising 5.2 per cent; Reliance Industries and Bajaj Finance surged 4.5 per cent and 4.5 per cent, respectively
The Nifty Pharma index was down 1.76 per cent on Friday compared to a 568-point or nearly 3.8 per cent slide in the Nifty50 on weak global cues
Long-only funds gave average returns of -0.2 per cent for the month, while long-short funds returned 0.1 per cent, the data from PMS Bazaar showed
The Nifty index gained as much as 9 per cent after the Budget and the Bank Nifty rallied 20 per cent, before giving up the bulk of the gains last week
Bond yields in the US are up nearly 100 basis points from their lows in June last year, while the Nifty P/E remains close to a 25-year high of around 40x
Shares of Tata Consumer Products pared most of intra-day gains to settle marginally higher on Wednesday
After gyrating 667.46 points during the day, the 30-share BSE Sensex ended just 7.09 points or 0.01 per cent higher at 49,751.41
Index heavyweights, Reliance Industries, HDFC, TCS, ITC and ICICI Bank were among the top Sensex drags
Nifty earnings are likely to grow at a Compound Annual Growth Rate (CAGR) of 24.2 per cent over FY21-23, said an ICICI Direct report.
UTI AMC has launched the country's first momentum-based passively managed fund, based on the Nifty 200 index
On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent
On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)