Page 24 - Stock Market Rally

Investors' wealth eroded by Rs 7.34 trn as Sensex tanks over 1,000 points

Investors' wealth on Thursday eroded by Rs 7.34 lakh crore as markets took a heavy beating, with the BSE Sensex tumbling 1,062.22 points. Declining for the third day running, the 30-share BSE benchmark dropped 1,062.22 points or 1.45 per cent to settle at 72,404.17. During the day, it tanked 1,132.21 points or 1.54 per cent to 72,334.18. The market capitalisation of BSE-listed companies eroded by Rs 7,34,513.48 crore to Rs 3,93,34,896.14 crore (USD 4.71 trillion). On May 2, the mcap of BSE-listed firms reached an all-time peak of Rs 4,08,49,767.90 crore. "Markets buckled under relentless selling pressure as investors turned risk averse in the ongoing poll season and further lightened their equity exposure to avoid being caught off guard. As the election season is heating up, investors are trimming their equity exposure at a faster pace, which can be seen from the drubbing that mid and small-caps received," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. From the Se

Sebi no to market hour extension proposal due to lack of consensus: NSE

Stock brokers not on the same page over costs, tech needs

This SME stock surges 122% in 7 weeks; up 2091% from IPO price in 9 months

Shares of Bondada Engineering were locked in the upper circuit for the eight straight trading session, hitting new high on the BSE in Friday's intra-day trade.

50% run in these NSE stocks in 2024. Are they in your portfolio? Key levels

One out of every 10 NSE 500 stocks has rallied over 50% so far in 2024. Here's a technical outlook on select stocks which are trading with bullish bias.

Pre-election rally has more legs; stay cautious in small-caps: Apurva Sheth

The Sensex to SmallCap ratio is trading near its lowest levels since 2008. This means that smallcaps have outperformed relative to large-caps, Apurva Sheth said in this interview

BSE to increase transaction charges on two options contracts from May 13

BSE increased charges across various turnover slabs by 24% to 32%

This recently listed small finance bank stock surges 20% on strong results

Jana Small Finance Bank stock update: The stock rallied to its highest level post listing after the bank reported significant improvement in NPAs.

Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why

Auto, tyre stock update: Shares of auto and tyre makers rallied up to 5 per cent in intra-day deals on Tuesday, lifting the Nifty Auto index to a new all-time high on upbeat outlook.

Bank shares dazzle; ICICI m-cap hits Rs 8 trn; SBI, Indian Bk soar up to 5%

Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.

Supreme Industries soars 10%, nears record high on healthy outlook

Supreme Industries stock update: In order to meet the growth in demand for piping products the company has initiated brownfield expansions and setting-up of new plants.

HUDCO stock hits record high; zooms 15% on heavy volumes

HUDCO stock price update: HUDCO zoomed 15% on hopes of strong earnings growth going ahead. The stock has rallied 43% from its recent low.

Nifty likely to reach 25,810 by December 2024: Prabhudas Lilladher

The NSE benchmark Nifty is likely to reach the 25,800 level by December 2024 as stable economic policies and normal monsoon will boost demand growth, Prabhudas Lilladher said in a report on Thursday. The index is currently trading at 22,570.35 level. Going by the prediction of Prabhudas Lilladher, the Nifty is expected to climb another 3,239.65 points or 14.35 per cent from its current level by December-end this year. "Recently, the Nifty reached its all-time peak, but subsequently experienced a correction of around 4 per cent attributed to escalating geopolitical tensions, fluctuations in crude oil and commodity prices, and differing perspectives on the anticipated interest rate adjustments by the US Federal Reserve," Amnish Aggarwal, Head of Institutional Research, Prabhudas Lilladher, said. The Nifty is expected to scale up to 25,810 levels by December 2024, Aggarwal added. "The upward mobility in Nifty is attributed to the continuation of the NDA government and La Nina led norm

This Shapoorji Pallonji Group stock has zoomed 57% in 4 days

Forbes & Company stock update: The stock was locked at the 20% upper circuit in intra-day deals on Thursday, April 25.

Cyient DLM stock surges 13% on strong Q4 show; upbeat FY25 outlook

Earnings impact on Cyient DLM stock price: Stock up 13% after Q4 net zooms 81% in Q4FY24; Stock brokers and company management are upbeat on FY25, FY26 outlook.

Bharti Airtel stock at new high, up 5%; surpasses ICICI Bank in market cap

Bharti Airtel today stood at fourth position in terms of stock market capitalisation, with a combined, including its partly-paid up share capital, touching Rs 7.62 trillion levels.

Voda Idea stock jumps 4% as GQG leads strong anchor book demand for FPO

Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.

Stock of this recently listed IPO has zoomed 72% over issue price in 4 days

The strong demand for Bharti Hexacom stock is seen following a robust response to the company's Rs 4,275-crore IPO, which was subscribed nearly 30 times.

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.

This multi-bagger stock is down in the dumps now; Check why

Ashnisha Industries stock price has plunged over 53 per cent in the March quarter, with retail shareholding rising sharply to 82.65 per cent from 73.43 per cent.

Bharat Electronics hits new high on strong outlook; zooms 27% in 15 days

In past 15 trading days, the stock of state-owned defence company has surged 27 per cent and zoomed almost 70 per cent in the last six months.