From the gainers side, RIL emerged as the biggest winner as its market cap soared by Rs 485.24 billion to Rs 7.13 trillion
Investor wealth soared over Rs 3 lakh crore Wednesday as the stock market made a strong recovery, with the BSE benchmark index surging 461.42 points. The Sensex jumped 461.42 points or 1.35 per cent to end at 34,760.89. Led by the sharp rally in stocks, the market capitalisation of BSE-listed companies zoomed Rs 3,08,467.04 crore to Rs 1,38,39,750.40 crore. The Sensex had lost nearly 175 points Tuesday. "Market turned positive from over sold region led by financial stocks and marginal gain in the rupee," said Vinod Nair, Head of Research, Geojit Financial Services. Rupee recovery from record lows also boosted market sentiment. The rupee recovered by 34 paise to 74.05 (intra-day) against the dollar at the forex market Wednesday. From the 30-share pack, 25 scrips advanced, while 5 ended with losses. Axis Bank and SBI led the gainers pack surging up to 6.6 per cent. At BSE, 2,058 stocks advanced, while 611 declined and 131 remained unchanged. In the broader market space, the S&P
Analysts at Credit Suisse say the overall trend remains down and expect the Indian equities to grind lower in the coming months
Stock funds took in Rs 111 billion in September, the most since May
The Sensex swung over 660 points both ways on alternate bouts of selling and buying
Volatility in Indian stocks started spiking at the end of August and hit on Friday its highest level since February
ndian stocks have given up most of their gains for the year, but there may be more pain ahead
Sensex drops most in six months; rupee breaches 73-mark; Brent crude tops $85/barrel
On Monday, the S&P BSE Sensex gained 299 points or 0.83 per cent to settle at 36,526 while the broader Nifty50 index reclaimed the crucial 11,000 level to settle at 11,008.
One lead indicator could be the Bank Nifty. The Bank has a high beta with respect to the Nifty, and financials have a very high weight in both the Nifty and Sensex (and also in the Nifty Next 50)
Financial stocks crash on liquidity crunch, IL&FS overhang; Scores of stocks see wild gyrations
We are strong fundamentally, and extremely liquid to take care of our day-to-day operations, says Wadhawan
The capital market regulator Securities and Exchange Board of India (Sebi) has crackdown on stock market investment fraud scheme promising 100 per cent return in one month. The move follows after dozens of investors reached out to regulator at its New Delhi office and filed a complaint against a scheme claiming to generate improbable returns.Calling it a business offer, scrupulous entities lured investors through advertisements in local and national dailies in New Delhi. "Invest 12 lakhs, earn 3 lakhs weekly approximately," the ad claimed. "Open online trading account deposit money in your own name with any NSE discount broker," it further said.Sources say Sebi has begun to roundup brokers, suspected of facilitating such trades in the market. The market regulator has also shared with the economic offence wing of the Delhi police."The regulator has approached Delhi police following the complaint against unknown entities. More information being gathered and accordingly action will be ...
Bond yields cool off, FPIs turn net equity buyers; All Sensex components, save Coal India and Infosys, ended with gains
Investors lose Rs 4.16 trillion as Sensex sheds nearly 1,000 points in 2 days; rupee drops to 72.70 a dollar
About 80 per cent of companies reported results that were better than Wall Street analysts expected
Brokerage firms are aggressively investing in technologies, especially to cater to tech-savvy millennials with high disposable incomes, who are flocking to the stock market to create wealth
The Nifty index rose 81 points, or 0.7 per cent, to settle at 11,551.7
The US has the world's largest stock market at just over $31 trillion
Broader indices are well off their historic highs. The NSE 500 hit a high of 9,895 on January 24, 2018, and is down 5% from those levels