Sensex ends 655 pts higher, Nifty reclaims 22,300; SBI, Bajaj twins shine

Market wrap on March 28, 2024: In the process, the BSE Sensex ended FY24 with a gain of 25 per cent, while the NSE Nifty 50 zoomed almost 29 per cent.

1:30 PM

Nifty PSU Banks soar 3%

1:20 PM

There are rewards for investors who are averse to taking market risk

Some investors won’t bat an eyelid if their portfolio crashes 25-30 per cent and others worry even if it is down just half a per cent: Tolerance for risk is shaped by experience, personality and money at stake.

What should investors with low appetite for risk do? Should they take exposure to stocks or equity funds? Read more

1:15 PM

Nifty IT trading above 1%

1:12 PM

Nifty Bank moves up by 1.18%

1:05 PM

This jewellery stock has zoomed over 300% in last 10 months on firm outlook

Shares of Kalyan Jewellers India (KJIL) rose 3 per cent on BSE to hit a new high of Rs 427.85 in Thursday’s intra-day trade on expectation of healthy earnings growth ahead. The stock surpassed its previous high of Rs 419 touched on March 2.

In the past 10 months, the market value of KJIL has jumped over four-fold or 305 per cent from a level of Rs 105.65 amid strong financial performance. In comparison, the S&P BSE Sensex rallied 17.4 per cent during the same period. Read more

1:00 PM

Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24

Indian equity markets have witnessed a formidable rally in the financial year 2023-24 on the back of strong economic growth and healthy corporate earnings. Along the way, the markets downplayed fears of higher interest regime, global conflicts and valuation worries.

The NSE Nifty 50 has rallied nearly 29 per cent so far in FY24. Among the index components, Bajaj Auto and Tata Motors are the top gainers, up over 133 per cent each. Adani Ports and Coal India too have doubled investor wealth in this financial year, which ends today. Read more

12:51 PM

ICICI Securities slips 4% as shareholders approve dislisting plans

Shares of ICICI Securities fell up to 4 per cent in the early hours of intraday deals on Thursday. This came after the company’s management disclosed voting results for the delisting of ICICI Securities from the Indian bourses. Read more

12:16 PM

VIEW: T+0 settlement enable flexible, efficient trading

The arrival of the T+0 settlement is a big step forward for India's stock market. It gives investors super-fast, efficient, and flexible trading options.

With real-time settlement, Indian exchanges show they're serious about keeping up with innovation and making the market more competitive.

This change sets the groundwork for a livelier and stronger market environment.

As investors adjust to T+0 settlement, they need to stay alert. They should use technology, smart risk management, and market knowledge to grab opportunities and tackle the new challenges this shift brings.

Views by Sunil Nyati, Managing Director, Swastika Investmart.

12:03 PM

Not just 80C: You can claim Rs 75,000 as deductions with health insurance premiums too

If you haven't already, consider utilizing health insurance to save on your taxes this year. Here's how:
 

The government offers a tax deduction under Section 80D of the Income Tax Act for health insurance premiums. This means you can reduce your taxable income by the amount you pay for health insurance, potentially lowering your tax liability. READ

11:45 AM

Ex-crypto mogul Sam Bankman may go to jail for defrauding FTX investors

Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced on Thursday for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency. Read

11:25 AM

Adani group begins operations of its copper unit plant at Mundra, Gujarat

Adani group on Thursday announced start of its maiden copper plant at Mundra in Gujarat. Adani Enterprises is setting up plant with 1 million tonnes capacity in two phases. "Close to $1.2 billion will be invested in the first phase," the firm said in a statement.

This marks the Adani portfolio's debut in the metal industry. "The successful progress of the greenfield unit showcases the Adani Group's ability to plan and execute largescale projects," it said. Read

11:07 AM

VIP Industries surges 13% after management unveils plans for FY25

Shares of VIP Industries have shot up 13 per cent to Rs 524.55 on the BSE in Thursday’s intra-day trade amid heavy volumes. This comes a after the management unveiled plans for financial year 2024-25 (FY25). The company is engaged in the business of manufacturing and marketing of luggage, bags and accessories. Read

10:48 AM

Shares of chemicals firm PCBL shoot up 5% on warrant issue worth Rs 488 cr

Shares of chemical manufacturing firm PCBL rose up to 5 per cent on the Indian bourses in Thursday’s intraday deals. Phillips Carbon Black Limited's stock was trading 4.73 per cent higher at Rs 277 in early trade. Read

10:27 AM

Bajaj Finance surges 13% in 2 weeks; Here's what fueling the rally

Shares of Bajaj Finance were trading 3 per cent higher at Rs 7,235 on the BSE in Thursday's intra-day trade amid reports that the company was planning an initial public offering (IPO) of its housing finance subsidiary, Bajaj Housing Finance (BHFL) at a valuation of Rs 80,000-85,000 crore. Read

10:14 AM

IDFC First Bank slips 3% after over 2% equity change hands in block deals

Shares of IDFC First Bank slipped 3 per cent to Rs 75.10 on the BSE in Thursday's intra-day trade after over 2 per cent equity of the private sector lender changed hands via block deals.
 

At 09:15 am; as many as 165 million equity shares representing 2.33 per cent of the total equity of IDFC First Bank changed hands via block deals on the BSE, the exchange data shows. However, the names of the buyers and sellers were not ascertained immediately. Read