Analysts said a fresh uptick in US treasury yields is making investors jittery amid rising concerns over inflation and high interest rates while FIIs continue to offload shares in local equities
The index most recently closed at 19,674, a level deemed crucial by technical analysts
30-share index loses 2.7% in 4 days, barely holds 66K
Index yet to close in red this month
Market analysts remain cautious as US inflation data surpasses expectations, raising concerns about the Fed's future actions
CLOSING BELL ON SEPTEMBER 06, 2023: The Sensex gained 483 points from the day's low, with HDFC Bank, ITC and Bharti Airtel contributing 217 points to the BSE benchmark on Wednesday.
CLOSING BELL ON SEPTEMBER 05, 2023: The broader market continued to outperform - BSE MidCap index soared over a per cent while the SmallCap added 0.6 per cent on Tuesday.
Jio Fin was expected to sell worth over Rs 7,300 crore from exchange-traded funds and global depository receipt holders
Sensex, Nifty down for fifth consecutive week
Before opening of trading on September 1, the JFSL stock will be removed from all S&P BSE indices, including Sensex, Sensex 50, BSE 100, BSE 500, among others
Capital markets regulator Sebi has segregated dues to the tune of Rs 73,287 crore under "difficult to recover" category at the end of March 2023. Overall, the markets watchdog has dues worth Rs 1.02 lakh crore that needs to be recovered from entities, including those that failed to pay the fine imposed on them, or were unable to pay fees due to it and did not comply with its direction to refund investors' money, according to Sebi's annual report for 2022-23, which was released on Monday. Of Rs 1.02 lakh crore, Rs 63,206 crore, which is 62 per cent of the total amount, pertains to collective investment scheme and deemed public issues of PACL Ltd and Sahara Group company Sahara India Commercial Corporation Ltd. Further, the regulator said parallel proceedings are pending before various courts and court-appointed committees in 77 cases involving Rs 70,482.62 crore, or 69 per cent of the total amount. "In these cases, Sebi's recovery proceedings are subject to directions/approvals of .
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
Stocks to Watch on July 28, 2023: Despite a 10 per cent increase in revenue, telecom provider Airtel Africa announced a net loss of $151 million in the first quarter (April-June) of FY24 on Thursday
Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers
These funds can capture growth across market caps; and even if one segment underperforms, damage to them is limited
The gains by IT majors also contributed to the index's gains
Six of the top-10 most valued firms together added Rs 1,19,763.25 crore in market valuation last week, with Reliance Industries Limited and ITC emerging as the major gainers, driven by an overall positive trend in domestic equities. Last week, the 30-share BSE benchmark jumped 561.89 points or 0.86 per cent. The Sensex hit its all-time high of 65,898.98 on July 7. The valuation of Reliance Industries jumped Rs 57,338.56 crore to Rs 17,83,043.16 crore, the most among the top-10 firms. ITC added Rs 21,291.04 crore taking its market valuation to Rs 5,82,602.46 crore. The market capitalisation (mcap) of State Bank of India rallied Rs 18,697.06 crore to Rs 5,29,898.83 crore and that of Tata Consultancy Services zoomed Rs 9,220.81 crore to Rs 12,16,890.72 crore. ICICI Bank's valuation climbed Rs 8,998.26 crore to Rs 6,62,702.30 crore and that of Hindustan Unilever Limited advanced Rs 4,217.52 crore to Rs 6,33,532.04 crore. However, the mcap of HDFC Bank fell by Rs 22,926.37 crore to Rs
Benchmarks Sensex and Nifty50 logged fourth straight monthly gain in June, their longest since October 2021
Maruti Suzuki on Thursday said it has initiated exports of the newly launched model Fronx. The first batch of 556 vehicles was shipped from Mundra, Mumbai and Pipavav Ports to destinations in Latin America, the Middle East and Africa, the country's largest carmaker said in a statement. "The newly launched Fronx is an important model in our portfolio, and we are confident that it will augment our ambitious export plans," Maruti Suzuki India Managing Director & CEO Hisashi Takeuchi noted. Aligned with the Government of India's efforts towards Make in India, the automaker is focused on leading the export of cars manufactured in India, he added. "With support from our parent company, Suzuki Motor Corporation, Japan we have expanded our portfolio and are now exporting to more markets," Takeuchi said.
Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index