Sean Stress: Retail majors stitch through low single-digit growth or same-store sales decline
Market players anticipate that the positive momentum in the market, fuelled by better-than-expected domestic gross domestic product growth and softening US inflation data
Foreign investors invested more money in riskier midcap and smallcap stocks even as their overall stake came down
Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed
Equity markets would remain closed on Friday for Mahashivratri
Last week, the BSE benchmark Sensex climbed 663.35 points or 0.90 per cent, and the Nifty jumped 165.7 points or 0.74 per cent.
Stock market Update on Saturday, March 02: The S&P BSE Sensex hit a fresh all-time high at 73,995, and the Nifty a peak at 22,420 in Saturday's special trading session.
The penalty was slapped in connection with alleged violations under the Prevention of Money Laundering Act (PMLA), read with PML rules
The counter has seen heavy volumes of around 4.06 lakh shares as against the two-week average volume of around 1.46 lakh shares on the BSE.
It allotted 49.5 million shares to eligible, qualified institutional buyers at the issue price of Rs 670 per share against the floor price of Rs 703.29 per share
Shares of Havells India hit a new high of Rs 1,590.90, surging 5 per cent on the BSE. A sharp run-up in the stock price has seen the m-cap of Havells India inch towards Rs 1 trillion
To meet the high power demand in coming months, NTPCV Vidyut Vyapar Nigam (NVVN), a subidiary of NTPC, has awarded a Rs 440 crore contract to Torrent Power
That apart, NLC India has also participated in the bidding for 20 blocks in the initial phase of the auction for critical mineral blocks in India.
Stocks to Watch on March 2, 2024: Axis Bank will raise up to Rs 4,000 crore via NCDs. The base issue is worth Rs 1,000 crore and the green shoe option will be Rs 3,000 crore
Zomato, Ambuja Cements, Cipla, Tata Motors DVR, United Spirits were among notable stocks from the S&P BSE 200 index that, too, hit their respective record highs
Maharashtra has the highest number of unique investors at 16 million followed by UP and Gujarat with 9.7 million and 8.1 million investors, respectively
The Nifty Smallcap 100's 12-month forward price-to-earnings ratio has risen to 22 versus its 10-year average is 16.5, according to Bloomberg data
Nifty Healthcare has outperformed Nifty50 and some individual healthcare stocks have doubled investor wealth in FY24
Even as the Nifty seems on course to register decade high fiscal gains, the rally seems to have lost momentum in the recent months, with net gains well below the overall average in FY24 so far.
The S&P BSE Sensex hit a record high of 73,819, while the Nifty50 touched 22,353 intraday