The market rally is visible, as is the horrendous impact of Covid 19. What is invisible is earnings growth
Investors' wealth zoomed by Rs 5,78,634.72 crore in two days of intense market rally, with participants adding Rs 2,74,908.83 crore to their fortune on Tuesday. Over the past two sessions, the BSE gauge Sensex has gained about 1,461 points or 2.99 per cent. The benchmark rallied 612.60 points or 1.24 per cent to settle above the 50,000-mark on Tuesday. Following the two-day massive rallies, the market capitalisation of BSE-listed companies jumped by Rs 5,78,634.72 crore to a record Rs 2,16,39,367.91 crore on Tuesday. "The rise can be attributed to a decline in India's COVID cases and stability in the global markets," said Ajit Mishra, VP - Research, Religare Broking Ltd. Last time on April 1, the BSE benchmark had closed above 50,000-level. On Tuesday, M&M was the top gainer in the 30-share pack, rallying nearly 6 per cent, followed by Bajaj Auto, Titan, Bajaj Finance and HDFC Bank. Bharti Airtel, ITC, Dr Reddy's, SBI and Hindustan Unilever Limited were the laggards. In the ...
A large part of this rally is attributed to the economic recovery over the past few months, which analysts feel will directly benefit small and mid-sized companies
Despite the economy slipping into a technical recession with all the economic activity coming to a standstill for months together, markets registered their best financial year performance in a decade
30 firms raised Rs 31,277 cr through IPOs in 2020-21, significantly higher than Rs 20,352 cr mopped up through 13 initial share sales in the preceding fiscal year
India, exactly, a year-ago entered the Covid-19-led lockdown which gave enough ammunition to the bears to wreak havoc on Dalal Street. Benchmark indices had lost over 33% in just 13 sessions
Bajaj Finserv was the best-performing Sensex stock, rising 5.2 per cent; Reliance Industries and Bajaj Finance surged 4.5 per cent and 4.5 per cent, respectively
Nifty gains 2%, ends at 14,982
26 of 35 such schemes failed to beat Sensex over past year
Route Mobile hit a new high of Rs 1,979 on the BSE in intra-day trade today
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
So what has propelled the Indian markets this week? How are foreign flows shaping up? Will the market continue to go up? In this podcast, we discussed the growth trajectory in detail
After rallying 487 points to touch its lifetime intra-day high of 51,835.86, the 30-share BSE Sensex pared all gains to end 19.69 points or 0.04 per cent lower at 51,329.08
FM Nirmala Sitharaman announced Rs 1.18 trillion-financial allocation for the highways sector in Budget 2021. However, any delay in roll out of such growth-driven projects may wear-off the bull-run
The two indices are up 11% after six straight sessions of gains
Nearly 20 stocks in Nifty Small-cap 100 are showing strong bullish signals as against 10 stocks of Nifty Mid-cap 100
Analysts at Barclays Capital wrote that the GameStop episode is "a wake-up call that is likely to permanently affect the business models of institutional investors
Market value of BSE-listed firms at record high
This week, GameStop accounted for 19% of the trades on Vested Finance, an Indian investment firm that helps Indians buy or sell US stocks
In the United States, the WallStreetBets forum on Reddit that is seen as having fuelled the rallies briefly closed its doors on Wednesday as membership jumped past 4 million