Sunday, January 05, 2025 | 01:29 PM ISTEN Hindi

Sensex ends volatile session 185 pts down; IT stocks decline, PSBs shine

CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent

SI Reporter New Delhi

An index of 100 mid-cap stocks has surged 32% year-to-date, while a similar measure of small-cap names has rallied 43%. (Photo: Bloomberg)

8:53 AM

Top stocks on radar today: LIC, Bata, AUSFB, Bharat Dynamics, REL, SBI Cards, HDFC Bk

eMudhra: Certifying authority firm eMudhra will make its market debut today. The IPO was subscribed 2.7 times and the issue price fixed at Rs 256.

Bata India: According to reports the promoters are likely to sell around 2.8 per cent stake in the company via a block deal today to raise Rs 630 crore. The floor price of the deal is fixed at Rs 1,750 per share, a 7 per cent discount to Tuesday's closing price.

Bharat Dynamics: The Ministry of Defence (MoD) signed a contract with the company for building Astra Mark-1 beyond visual range air-to-air missiles (BVRAAMs) worth Rs 2,971 crore for the Indian Air Force (IAF) and the Navy. Read here

stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

8:51 AM

DIIs hold ground: Buy Rs 1,845 crores of equities Tuesday

8:49 AM

FIIs back to selling after a day: Sell Rs 1,004 crores of shares Tuesday

8:47 AM

India's core sector output rises to six-month high of 8.4% in April

The eight sectors - coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil - comprise two-fifths of India's total industrial production. Read here

Tata Steel, manufacturing, metals, jobs, workers, labour

8:45 AM

May sees worst FPI sell-off in over two years at Rs 44,000 crore

The sell-off in May is also the second-highest monthly outflows recorded in the domestic market since 1993. Read more

credit risk funds, investments, outflow, inflow, fpi, fdi, FII, investments, funds, markets

illustration: Binay Sinha

8:43 AM

SGX Nifty trades 70 pts lower; Nifty may open with mild cuts

source: investing.com

8:41 AM

Expert view: In-line GDP, fiscal deficit numbers positive for financial markets

The Q4 FY22 at 4.1% and FY22 GDP growth at 8.7% came marginally lower than our expectations.

Moreover, the growth comes against the negative base of the pandemic year. Yet, there are several positive indicators as well.

The rebound in capex in FY22 is the biggest positive. Even private consumption shows signs of improvement.

Despite the ongoing geopolitical uncertainties, supply disruptions, high commodity prices, inflation and monetary tightening, we expect India to continue to be the fastest growing major economy of the world in FY23 as well with 7.5% growth.

The broadly in-line growth number, better than expected fiscal number for FY22 and infra growth number for Apr'22 would be positive for financial markets.

Views by Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers

8:38 AM

Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%

The Union government’s fiscal deficit for FY22 came in at Rs 15.86 trillion, or 99.7 per cent of the Revised Estimates (RE) of 15.91 trillion, on the back of higher tax revenues and contained capital expenditure. Read here

8:33 AM

CRYPTO VIEW: Bitcoin holding above $31,000 level positive

BTC holding above the $31,000 level is a positive sign.

Data shows that the number of addresses holding less than 100 BTC increased recently, indicating that long term investors were still bullish about BTC.

After 9 consecutive weeks of losses, and oversold conditions, investors seem to be returning.

Though BTC showed optimistic signals, altcoins continued to underperform in comparison, indicating that investors were still taking a risk-off approach.

Typically alts underperform BTC during downtrends as investors remain cautious as they have a higher risk profile.

Views by Darshan Bathija, CEO and Co-Founder, Vauld

8:30 AM