While the rally on Friday of 1,961-points was mostly led by positive global cues amid some buying in Adani group shares, the up move on Monday was triggered by the outcome of Maharashtra polls
The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations
On an adjusted basis, net income rose to $932.2 million, or $2.56 per share, in the quarter, from $836.4 million, or $2.30 per share, a year earlier
All you need to know before market opens on Thursday: The S&P 500 crossed 5,600-mark, Asian shares rallied up to 1% this morning; FIIs pared long holdings in index futures; Ambey Labs to list
Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy. The upcoming Union Budget in July has become the next focal point, with high expectations for growth-oriented policies," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Market sentiment will be gauged by closely monitoring foreign and domestic institutional investors' activity (FII and DII) and crude oil prices, he said. On the global front, the US market has experienced some profit-booking from higher levels. Key ..
All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.
In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said. According to experts, markets may face volatile trends due to high valuations. Equity benchmark indices Sensex and Nifty hit their fresh record peaks on Thursday. Besides, trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend would also influence trading in equities. "This week's market focus shifts to inflation data releases. Both India and the US will unveil their Consumer Price Index (CPI) figures on Tuesday. On Thursday, WPI data will be announced. "Large-cap stocks may continue their outperformance as Foreign Institutional Investors (FIIs) are expected to maintain their buying spree," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Industrial Production data for January and inflation numbers for the month of ..
Paytm is still down more than 40% since its banking affiliate was barred from adding deposits after people familiar with the matter said it failed to properly vet hundreds of thousands of clients
Citigroup Inc. and Societe Generale SA have downgraded India, while foreigners have sold a net $3.8 billion of local shares so far this year, the highest in emerging Asia outside of China
Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected Rs 16,560 crore in during the period under review, data with the depositories showed. ' According to the data, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 3,776 crore from the Indian equities this month (till February 16). This came following a net withdrawal of Rs 25,743 crore in January. With this, the total outflow for this year has reached Rs 29,519 crore. "The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Also, the latest selling could be attributed to the uncertainty surrounding the interest r
Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed. "The main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Himanshu Srivastava, Associate Director - Manager Research, Morningstar
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day. "The interest rate decisions of the BoJ (Bank of Japan) and ECB (European Central Bank), along with the US GDP data, are anticipated to drive the market dynamics," said Vinod Nair, Head of Research, Geojit Financial Services. From the Q3 results front, Axis Bank, JSW Energy, Bajaj Auto, DLF, ACC and JSW Steel would announce their earnings this week. "This is a truncated trading week following a holiday on Monday and on Friday. Traders should stay light as earnings season would get in full swing leading to stock-specific actions largely. Moreover, interest rate decisions of the BoJ and the ECB is due this week
The company, which has had its presence in India since 2015 and an employee base of 570, plans to ramp it up further by 100 employees by March next year
"OMO is out of the picture right now because it will also disrupt the overall supply at this point in time," said a dealer at a state-owned bank
Cash average daily turnover most in 22 months; BSE sees market-share gains
Trend among these buzzing stocks remain optimistic, as per their respective charts
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
For the S&P BSE Sensex and the Nifty50, the 200-DMA is placed at 60,570 and 17,947 levels.
Sectorally, the realty, auto, healthcare and capital goods indices are the top performers so far this fiscal, while the benchmark S&P BSE Sensex has gained around 7 per cent.