In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain
The dollar in the last three sessions rose 0.7 per cent against the rupee
Brokerages are positive given growth prospects, falling debt levels and high dividends
In the broader market, the BSE mid-cap gauge climbed 0.31% and small-cap index advanced marginally by 0.06%
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr
Investors' wealth eroded by Rs 76,196.54 crore on Wednesday, with the market witnessing a sell-off amid rising concerns over possible aggressive interest rate hikes to tame high inflation. The market capitalisation of BSE-listed companies -- which is also an indicator of wealth of investors -- tumbled Rs 76,196.54 crore to Rs 2,85,94,997.40 crore amid the 30-share Sensex falling 224.11 points or 0.37 per cent to 60,346.97 points. On Tuesday, when the markets had gained for the fourth straight session, the market valuation stood at Rs 2,86,71,193.94 crore. The 30-share index rebounded more than 1,200 points from the early lows before settling at 60,346.97 points, a loss of 224.11 points or 0.37 per cent compared to Tuesday's closing level. The broader NSE Nifty closed lower 66.30 points or 0.37 per cent at 18,003.75 points. The Sensex had plunged 1,150 points to a low of 59,417.12 points, while the Nifty declined to a low of 17,771.15 points in early trade on Wednesday, following d
Stocks to Watch: JSW Steel has signed a memorandum of understanding (MoU) with SMS group, a German engineering and technology company, for exploring decarbonisation projects
Gains in global equity markets also propped up the local equities
With the recent rally, the Nifty Midcap 100 now trades at an 18-per cent premium to large-caps at 23.2x
Despite the fall in share sales through initial public offers so far this year, these issues have given a good 50 per cent average returns, while the Sensex gained only 1.6 per cent, shows an analysis. So far in 2022, 51 IPOs have raised Rs 38,155 crore, down from Rs 64,768 crore through 55 issues in the same period last year. There were only eight big-ticket issues -- with the over Rs 20,500-crore LIC being the biggest but one of the worst performers -- in 2022 compared to the last year, where 33 companies raised more than Rs 1,000 crore each, according to an analysis by Bank of Baroda house economist Dipanwita Mazumdar. Till September 2021, the IPOs gave a return of 74 per cent, whereas Sensex had risen by 20 per cent but 16 of those big-ticket IPOs with issue size of above Rs 1,000 crore are operating at a discount. In all of 2021, companies raised Rs 1,21,680 crore from the market and the boom can be attributed to the Sensex rally as the index jumped from 40,000 points to 60,0
Shares of Mahindra Lifespace Developers pared most of its initial gains and settled with marginally higher on the bourses on Monday. The scrip opened at Rs 541.95 and later rose 2.37 per cent to touch Rs 550.40, its 52-week high level on BSE. However, it shed the gains and ended the day 0.35 per cent higher at Rs 539.55. Similar movement was seen on the NSE as well. The stock opened at Rs 539 and ended the day at Rs 540, higher by 0.78 per cent over its previous close. Meanwhile, the 30-share benchmark index Sensex closed higher by 321.99 points or 0.54 per cent at a three-week high of 60,115.13 points. The company's Managing Director and Chief Executive Officer Arvind Subramanian has said it is looking to acquire new land parcels for business expansion in three focus cities -- Mumbai Metropolitan Region (MMR), Pune and Bengaluru. He highlighted that the company already acquired a land parcel this fiscal that has a Gross Development Value (GDV) of Rs 1,700 crore and the deal pipe
Today NSE Top Gainers and Top Loser, 9 Sept: Tech Mahindra rose by 3.4 percent, UltraTech cement falls by 1.97 percent. Read this detailed report on gainers and losers in National Stock Exchange
Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent
After Rain Industries' arm closed its operating unit in Europe, the company plans to develop other energy-related plans for other European production units
The Nifty, on the other hand, ended the session at 17,798, with a gain of 174 points, or 0.9 per cent
In past three months, the market price of M&M has appreciated by 27 per cent, while Tata Motors recorded 2 per cent gain in its stock price.
ABB India, Hindustan Unilever, and SKF India have excelled well in recent months with ABB and SKF India gradually ralling to all-time highs
A global slowdown will have severe repercussions for India's balance of payments BoP through lower exports; a meaningful slowdown of late and lower capital inflows.
Benchmark BSE Sensex and Nifty ended lower on Wednesday after losses in rate-sensitive banking and auto shares amid weak global market trends as higher interest rate and recession fears hit investor sentiment. Extending losses for a second straight day, the 30-share Sensex declined by 168.08 points or 0.28 per cent to settle at 59,028.91. During the day, it fell 474.1 points or 0.80 per cent to 58,722.89. The broader NSE Nifty dipped 31.20 points or 0.18 per cent to 17,624.40. Analysts said growing worries over higher interest rates after positive US data hit the market sentiment. "The latest economic figures indicate that the US central bank would continue to raise interest rates," Vinod Nair, Head of Research at Geojit Financial Services said. From the Sensex pack, IndusInd Bank fell the most by 1.69 per cent. Mahindra & Mahindra declined 1.32 per cent, Maruti by 1.15 per cent, Bharti Airtel by 1.08 per cent. State Bank of India fell 0.95 per cent while Tata Steel, ICICI Bank .
The international oil benchmark Brent crude jumped 2.81 per cent to $95.63 per barrel