The benchmark S&P BSE Sensex dropped by as much as 1,132 points to hit an intraday, while the Nifty 50 dropped to 21,932
Stock Market Highlights on Thursday, May 09: Weighing on the benchmarks was selling in heavyweights like L&T, HDFC Bank, Reliance Industries, ITC, Asian Paints, ICICI Bank, and Bajaj Finance
The fall came on the back of weak quarter-ending March performance by the winemaker. Its net profit fell over 4 per cent on a year-on-year (Y-o-Y) basis to 13.6 crore in Q4FY24
With the exception of Adani Total Gas and Aegis Logistics, all stocks within the Nifty Oil & Gas index witnessed gains
The surge came after the company announced its March quarter results (Q4FY24), and gave a promising FY25 outlook
Stock Market Highlights on May 6: Kotak Bank, HUL, TCS, M&M, Sun Pharma, and Tech M were the top gainers on the Sensex
The company plans to utilise the net proceeds for working capital requirements and general corporate purposes
Stocks picks by Angel One: Fortis Healthcare is in a secular uptrend, hovering above its EMAs (Exponential Moving Average) on the daily time frame chart
In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago
The Indian markets appear to be expensive, on an absolute basis, with 1-year forward valuation at 20 times. The overall risk/reward ratio, thus, seem unfavourable on a historical basis, Gupta said
The surge in indices came on the back of a robust economy, optimistic forecasts from global brokerages and rating firms on economic growth outlook, and favourable investor sentiment
Mastek shares have soared 23.63 per cent in the last six months, outperforming S&P BSE 500 index, which zoomed 18.35 per cent during the same period
Stock market highlights on March 22: In the broader markets, too, positive sentiment lifted the BSE MidCap index 0.38 per cent and the BSE SmallCap index 1.06 per cent
Stock market highlights on March 21: In the broader markets, the rebound was steeper with the BSE MidCap and SmallCap indices closing 2.3 per cent and 2 per cent higher, respectively
In February 2024, the Nifty Next 50 index stood out as the top performer, boasting a remarkable growth of 6.7%.
Selloff led by banks, oil and gas stocks, FMCG, and metals
The cutoff date for calculating the changes to various Nifty indices is January 31. The index provider typically announces the outcome of the rebalancing exercise during the second half of February
Kotak expects expect net profits of the Nifty-50 Index to grow 18% in FY2024, 11% in FY2025 and 12% in FY2026
The Financial services sector continued to play a pivotal role in propelling the Nifty 500 index, contributing 2.1 per cent to the overall 8 per cent increase in Nifty 500 during December 2023.
Closing Bell on Friday, November 24: 8 of 10 Adani Group stocks surged as Sebi presented its findings in the Adani-Hindenburg case