Posts in category Business Standard
Stocks to watch: Jio Fin, Vedanta, Info Edge, Asian Paints, Swan Energy (04-03-2024)
Stocks to watch on March 04, 2024: Jio Financial Services is the sole addition to the S&P BSE Large Cap, as revealed by the Bombay Stock Exchange
Stock Market LIVE: Sensex, Nifty eye slim opening gains; Crude oil tops $83 (04-03-2024)
Stock market live updates on March 4, 2024: The new week has China's 2024 growth expectation figure in focus Tuesday, along with Fed Chair Jerome Powell's testimony before Congress on March 6-7
Gold slips Rs 10, silver dips Rs 100; precious metal trading at Rs 64,080 (04-03-2024)
The price of 22-carat gold also slipped Rs 10 with the yellow metal selling at Rs 58,740
Here’s why shares of Coforge will be in focus on Monday, March 4 (04-03-2024)
In an exchange filing dated March 2, the company said that the Board of Directors of the company has decided to not proceed with the proposed offering of American Depository Receipts
Nifty50 outlook: Await breakout above 22,464 to initiate bullish positions (04-03-2024)
Investors are encouraged to focus on profit booking opportunities, considering potential re-entry points at the specified support levels, says Ravi Nathani
IPO craze: Three firms to collectively raise Rs 1,325 crore next week (03-03-2024)
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively.
The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals.
Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
Market experts attributed the bustling IPO activity to various factors, including impressive post-listing returns from recent public offerings and the robust macroeconomic conditions.
So far this year, 16 companies launched their IPOs to mobilise Rs 13,000 crore, while Rs 224-crore initial share-sale of Mukka Proteins is slated to conclude on March 4.
This came after 58 maiden public issues initiated in 2023 to garner Rs 52,637 crore. This included the Rs ...
FPIs reverse trend; inject Rs 1,500 crore into Indian equities in Feb (03-03-2024)
Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth.
Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed.
Looking ahead to March, the outlook for FPI flow appears promising, provided the current economic trajectory and corporate performance sustain their positive momentum, potentially continuing to attract foreign investment into Indian equities, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said.
According to the data, FPIs invested a net sum of Rs 1,539 crore in the Indian equities in February. This came following a net withdrawal of Rs 25,743 crore in January.
The latest influx can be attributed to robust corporate earnin
Mkts to focus on trends of foreign investors in holiday-shortened week (03-03-2024)
Trends in the global markets, trading activity of foreign investors and announcement of domestic macroeconomic data are the major factors that would drive investors' sentiment in a holiday-shortened week ahead, analysts said.
Benchmark indices had a record-breaking rally in the past week driven by impressive GDP data.
Equity markets would remain closed on Friday for Mahashivratri.
"Key upcoming events, such as the release of the US services PMI on March 5, 2024, testimony by the US Fed Chair Powell, along with the US unemployment rate on March 8 will be closely watched for their potential impact on market sentiment.
"Crude oil is also inching higher, and any negative surprise from there can disturb the mood of the market. However, the market is ignoring any bad news and continuing its bullish momentum," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
From the domestic macroeconomic front, PMI (Purchasing Managers' Index) data for the services sector is scheduled to
Mcap of 7 of most valued firms at Rs 65,302 cr; TCS, ICICI biggest gainers (03-03-2024)
The combined market valuation of seven of the top 10 most valued firms climbed Rs 65,302.5 crore last week, with Tata Consultancy Services and ICICI Bank emerging as the biggest gainers.
Last week, the BSE benchmark Sensex climbed 663.35 points or 0.90 per cent, and the Nifty jumped 165.7 points or 0.74 per cent.
Leading stock exchanges BSE and NSE conducted a special trading session in the equity and equity derivative segments on Saturday to check their preparedness to handle major disruption or failure at the primary site.
From the top-10 pack, TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC were the gainers, while Reliance Industries, Infosys and Life Insurance Corporation of India (LICI) faced erosion from their market capitalisation (mcap).
The market valuation of TCS climbed Rs 19,881.39 crore to Rs 14,85,912.36 crore.
ICICI Bank added Rs 15,672.82 crore, taking its valuation to Rs 7,60,481.54 crore.
The market valuation of State B
Welspun Corp gains after arm plans to set up manufacturing facility in Madhya Pradesh (02-03-2024)
Welspun Corp advanced 2.29% to Rs 545 after the company announced that its step down subsidiary, Sintex Advance Plastics (SAPL) has proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh.