Stock Market Today: Indian stock markets were likely headed for a lower start on Friday, as indicated by GIFT Nifty futures, amid continued heavy selling by FIIs
Anand Rathi recommends that investors could invest in these ideas in a staggered manner for long term wealth creation.
Foreign Portfolio Investors (FPIs) have significantly reduced their holdings over the past two quarters.
Investors making long-term bets in hope of political stability: Analysts
Market valuation of eight of the 10 most valued firms jumped Rs 1,10,106.83 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. Last week, the 30-share BSE Sensex benchmark rose 716.16 points or 0.97 per cent. RIL, ICICI Bank, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever Ltd (HUL) were among the gainers while Tata Consultancy Services (TCS) and Infosys saw a combined erosion of Rs 38,477.49 crore in market valuation. Reliance Industries added Rs 43,976.96 crore to its market valuation at Rs 20,20,470.88 crore. On Friday, shares of oil-to-telecom conglomerate hit a fresh 52-week high of Rs 2,996.15 apiece. The valuation of ICICI Bank jumped Rs 27,012.47 crore to Rs 7,44,808.72 crore, and that of state-owned insurer LIC surged Rs 17,235.62 crore to Rs 6,74,655.88 crore. The market capitalisation (mcap) of ITC rallied Rs 8,548.19 crore to Rs 5,13,640.37 crore, and that of Hindustan Unilever Ltd zoomed Rs 4,534.71 crore to Rs .
P/E multiple expansion in smallcaps and midcaps sharper than largecaps
Latest 5,000-points, or 15%, up move took less than three months
RBI's I-CRR move, hawkish remarks by Fed official, China debt woes add to investor concerns
Analysts termed the RBI's move a sign of higher diligence towards rising prices and said banks would end up parking more funds with the RBI for which they won't be earning interest
This was on account of profit booking by LIC, mutual funds as also retail and HNI investors with markets reaching all-time highs.
It's a bird, it's a plane, it's equities in a Superman cape
Nifty Smallcap 250 and Nifty Midcap 150 outperformed all major indexes clocked gained 6.36% and 6.16%, respectively in June.
M-cap of BSE-listed firms just shy of Rs 300 trillion
Domestic inflows since March have been relatively unassuming, at Rs 28,000 crore
The Nifty Smallcap index, however, managed to eke out 1.5 per cent gains for the week
FPI flows, optimism about growth drive the rally
From the Sensex pack, Infosys, HCL Technologies, Infosys, NTPC, Mahindra & Mahindra, Tata Consultancy Services, Nestle, Tech Mahindra and Bajaj Finance were the major gainers
With banking stocks leading the gains, the Bank Nifty hit a new high of 44,375 points, a gain of 357 points or 0.8 per cent
FPI flows, positive economic data propel equities
The markets reflect a 'sense of stability', say analysts