Corporate major Reliance Industries' m-cap fell by Rs 44,311.19 crore to Rs 18,36,039.28 crore
A sharp selloff hit domestic equity markets yesterday as concerns over high inflation and foreign outflows, butchered bulls. Here's an analysis on what dented investors' sentiment and what lies ahead
Unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said
A growth-oriented Union Budget bolstered the investors' confidence, pushing frontline indices 2.5% last week. The RBI's monetary policy meeting will be keenly tracked by the markets this week
Companies like HDFC, PNB, Airtel, Adani Enterprises, HPCL, SBI, Titan, Shipping Corporation of India, and Dabur are expected to announce their Q1 earning results next week
The BSE benchmark Sensex surged over 443 points and the NSE Nifty advanced 115 points in opening trade on Monday, ahead of the Union Budget 2021-22 presentation in Parliament
Will the markets be able to hold on to higher levels going ahead or will they succumb to profit booking? Here are key levels you need to track
The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar
Market experts attributed this strong show to a host of factors including corporate tax rate cuts, strong institutional flows and expectations of positive outcome from the US-China trade deal
The upmove in the market has been supported by positive global markets, strong buying by overseas investors
During the last week, the Sensex gained 463.69 points or 1.24%
The BSE Sensex closed at 37,831 level, down 17 points, or 0.04%. The broader Nifty50, too, shed 19 points, or 0.17%, to settle at 11,252 levels.
Investor sentiment turned sour after rating agencies Crisil, Icra and Care downgraded Dewan Housing Finance Corporation's (DHFL) commercial papers (CP), citing delays in debt servicing.
On Tuesday, the domestic equity market settled in the red as investors booked profit. The S&P BSE Sensex ended at 40,084, down 184 points or 0.46 per cent.
Market veterans have called for improvement in ease of doing business and policies to encourage FDI flows to invest in long-gestation infrastructure projects and recapitalise financial firms.
Changing the orbit of Indian GDP growth from current 7 per cent to a higher level is what markets are expecting from the new government
There should be a mild correction over the next few sessions and then a consolidation phase will set in, albeit with a negative bias.
The growth is slowing and the trade war is becoming a lot more than what it initially was. So, India will be seen as a safe haven in the global context.
Valuation is stretched for Indian equities but if you look at the global markets, the valuations have gone up YTD for almost all markets, says Jitendra Gohil of Credit Suisse Wealth Management.
The Sensex, as it was known then, crossed over to the five-figure level - the 10,000-mark - for the first time on February 6, 2006. It took the index over 13 years to hit the 40,000 levels.