CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.
CLOSING BELL: The BSE IT index plunged 4.7 per cent, while the FMCG and Bankex gained 1 per cent and 0.3 per cent, respectively. Midcap and SmaIlcap indices too outperformed in trades on Monday.
The gains come on the back of strong inflows from foreign portfolio investors
TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term
The market breadth was positive with 2,036 stocks advancing and 1,480 declining
Sensex and Nifty have risen by around 4 per cent in the six days of gains which is the longest winning run since the eight-day rally from November 22 to December 1 last year
Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 11 more days in 2023
Indowind Energy Ltd on Friday said its board has approved the allotment of over 1.75 crore shares for Rs 12 per equity share. This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing. "In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said. In view of the above, the paid-up equity share capital of the company has increased from Rs 89,74,14,860 (8,97,41,486 equity shares of Rs 10 each) to Rs 107,33,47,800 (10,73,34,780 equity shares of Rs 10 each), it added.
Sebi's decisions will improve transparency
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 12 more days in 2023
Deal between Swiss banks fail to lift sentiment; Sensex drops 905 pts before settling 361 pts lower
Nifty50 takes back 17K, brings down weekly loss to less than 2%from 3.5%
Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%
Experts said the amendments will give Sebi increased powers to seek information from overseas funds
Ambuja Cements and Adani Enterprises were also among the top five large-cap companies that witnessed selling by MFs
In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex
While mutual fund managers struggled this year as well, those in the equity category fared better
On the earnings side, the macro drivers are positive. We expect the earnings growth to continue, says SBI Mutual Fund CIO R Srinivasan