Sensex drops 523 pts, Nifty tests 21,600 ahead of Jan CPI data; PSBs sink
Stock market highlights on February 12, 2024: The broader markets suffered deeper losses with the BSE MidCap index falling 2.6 per cent and the BSE SmallCap 3.16 per cent
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TCS mcap share in Tata group falls below 50%
In recent quarters, Tata’s listed firms have emerged as leading performers on the bourses, with the group’s combined mcap crossing Rs 30 trillion early last week — a first for a private sector conglomerate. The milestone signifies a near doubling of the Tata group’s mcap in the past three years, from Rs 15.6 trillion at the end of December 2020. READ MORE
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10 mn in 2016 to 5 mn accounts in just a month; MF industry grows in 8 yrs
“While new investors are using SIPs as a disciplined approach to building their corpus, we also saw existing investors renewing their SIPs and starting fresh ones based on their positive past experiences. The growth in the net SIP addition reflects renewed investor confidence driven by robust fund performance and sustained efforts in financial literacy by fund houses,” said Vishal Kapoor, CEO, Bandhan Asset Management Company. READ MORE
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Mixing resilience in palette: Paint makers tackle slowdown, competitors
While gross margins were at a 10-quarter high, the gains did not percolate down as operating profit margin expansion was limited to 370 basis points (bps) at 16.7 per cent. This was due to higher advertising and promotional costs, which increased by 150 bps due to the ICC Men’s Cricket World Cup. READ MORE
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Market observers indicate that traders generally anticipate market volatility but believe the overall trajectory will remain upward. READ MORE
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Confidence, delivered: Domestic markets sustain 40%+ trade triumph
The BSE exhibits a higher delivery percentage due to the mandatory delivery requirement for several stocks traded on its platform.
Market observers indicate that traders generally anticipate market volatility but believe the overall trajectory will remain upward. READ MORE
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Paytm secures merchant support, guarantees uninterrupted services
The blog post came amid the recent crisis around Paytm Payments Bank Limited (PPBL), an associate company of Paytm, which has been barred by the RBI from accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29. READ MORE
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PLI scheme's progress slows in key sectors, affecting manufacturing goals
According to an assessment made in a review meeting, PLI schemes for mobile phones, bulk drugs, pharmaceuticals, telecom, drones, and food processing are doing well and are on track to achieve or exceed investment, production/sales as well as employment targets envisaged by the government. READ MORE
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Editorial :: India must build on improved macroeconomic stability
Thus, the White Paper, presented by the Union government last week, has limited policy relevance. India’s problems were exposed when the US Federal Reserve, after years of quantitative easing, hinted at reducing the pace of monetary easing in the summer of 2013. READ MORE
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Bond with Bharat: What activation of J P Morgan Index means for India Inc
t could result in portfolio inflows of at least $18-22 billion through June-March FY25. (Bloomberg has also launched consultation to do the same in its Emerging Market Indices from September 2024). READ MORE
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Street signs: ITC's drag, Indiabulls high rollers, Paytm Money urgency
ITC’s drag: BAT sparks 6% plummet
Shares of ITC declined by nearly 6 per cent last week after British American Tobacco (BAT), holding a 29.03 per cent stake, announced its intention to sell a portion of its stake in the cigarette major. Analysts suggest that the impending supply of shares could exert downward pressure on ITC’s stock. READ MORE
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Stocks to Watch: ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners
Indian Railways Catering and Tourism Corporation: IRCTC has incorporated a wholly-owned subsidiary company in the name of 'IRCTC Payments Ltd' for the purpose of payment aggregator business.
Orient Press: The Board has approved for setting up of new manufacturing facility/plant for new line of business of production of candles. READ MORE
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Nifty50: Here's why bullish trend on the index remains uncertain
Given the prevailing downtrend and the identified resistance zone, the recommended trading strategy aligns with selling on upward movements. Traders are advised to be cautious and monitor the index closely for any signs of a breakout or breakdown. READ MORE
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Gift Nifty :: Index hints at gap-up start
>> Index up 86 points at 21,924 levels
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Oil starts week lower after Israel says 'concluded' Gaza strikes
Oil prices fell in early Asian trade on Monday after Israel said it had "concluded" a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East.
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Asian markets check :: All but Australian markets are shut today
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Wall Street check :: S&P500 ends above 5,000 for the first time
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Topics : MARKET LIVE MARKET WRAP stock market trading global stock market Dalal Street Q3 results CPI retail inflation India's consumer inflation Market news
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First Published: Feb 12 2024 | 7:55 AM IST