Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine

Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day

10:41 AM

Markets are at starting point of a mid-to-long term bull run: Ajit Banerjee

The mid and small caps look a bit heated up from a near-term perspective. The earning yields of mid and small-cap stocks on a trailing 12-month basis are higher than that of largecaps. READ FULL INTERVIEW

Ajit Banerjee, shriram Life Insurance, CIO

10:32 AM

Polycab India enters top-100 most-valued firms' club; rallies 11% in 2 days

With a market capitalisation of Rs 64,422 crore, Polycab India stood at 91st position in overall m-cap ranking on Wednesday morning. READ MORE

10:22 AM

History shows momentum rallies lift Nifty 25% in 134 days; will it repeat?

Based on the average gain and duration of the past momentum-driven rallies, the NSE Nifty 50 can potentially rally past the 23,000-mark by January 2024. READ MORE

10:10 AM

IndusInd Bank surges 4% to highest level since Jan 2020 on healthy Q1 nos

The stock was trading at its highest level since January 2020 and has rallied nearly 30% in the past three months. READ MORE

10:02 AM

EXPERT COMMENT | Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

>> The market continues to be resilient supported by favourable global set-up and sustained FII inflows. It is important to understand that the ongoing global market rally is primarily driven by the strength of the US economy, which is, so far, showing no signs of recession that the markets had feared and discounted in 2022. The recent corporate results from the US have been better-than-expected enabling continuation of the rally.

 

>> In India we have the extra push being provided by the sustained FII flows. In July FIIs have been buyers in 11 out of 12 trading sessions and have invested Rs 15,156 crores through the stock market alone, excluding bulk deals. In contrast, DIIs were sellers in 8 out of the 12 trading sessions with a net sell figure of Rs 7,868 crores. FII buying has completely overwhelmed DII selling resulting in the 550 point rally in July.

 

>> Market experience teaches us that it is difficult to sell at the top and buy at the bottom. So, a strategy of selling now to buy when the market corrects may be risky. However, considering the high valuations, investors may consider some profit booking if that helps in the realisation of some planned financial goals.

9:53 AM

Reliance Industries up marginally ahead of record date for Jio Financial demerger

9:47 AM

Bikaji Foods sprints 5%, hits 52-week high post acquiring stake in BhujiaLalji

9:42 AM

Bank of Maharashtra trades 1% higher ahead of Q1FY24 results

9:36 AM

CIE Automotive surges 3% as strong European demand drives Q2

9:32 AM

Heidelberg Cement gains 1% on marginal growth in Q1 net profit

9:28 AM

Polycab India leaps 4% to hit 52-week high on solid Q1 results

>> The company saw 82 per cent YoY surge in first-quarter profit, driven by higher sales in its mainstay wires and cables business

9:25 AM

IndusInd Bank hits 52-week high on 32.5% YoY growth in Q1 net profit

9:22 AM

Barring Nifty Auto index, all other sectoral indices swim in green

9:21 AM

Smallcap index outperforms benchmark; India VIX gains marginally

9:20 AM

SENSEX HEATMAP | 7 out of 30 index counters in red; IndusInd Bank up 3%