India VIX index jumps 6% to June level
The overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week, says a market analyst
Indication of further rate hike by the US Federal Reserve, fears of a recession, depreciating rupee and continued tensions in Russia and Ukraine will affect FPI flows, says Basant Maheshwari
The domestic stock market may face volatility amid the monthly derivatives expiry scheduled this week, while investors would mainly await the outcome of RBI's interest rate decision on Friday, said analysts. Global market movement would also continue to drive sentiment amid a bearish trend recently following rate hikes by the US Federal Reserve and other central banks. The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation. The RBI, which has since May raised the short-term lending rate (repo) by 140 basis points (bps), may again go for a 50 basis points increase to take it to a three-year high of 5.9 per cent, say experts. Vinod Nair, Head of Research at Geojit Financial Services, said for the week ahead, investors will keenly watch the outcome of the RBI monetary policy on September 30. "We expect the market direction will be led by global developments and FIIs' (Foreign Institutional ..
Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
In the past one month, Dish TV has zoomed 92 per cent as compared to a 1.2 per cent decline in the S&P BSE Sensex
The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82
Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows
Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors
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