Posts in category Business Standard
Gold, silver prices remain unchanged, yellow metal trading at Rs 61,640/10g (06-11-2023)
The price of 22-carat gold was the same as yesterday, with the yellow metal selling at Rs 56,500
Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery (06-11-2023)
Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.
Stock Market LIVE: Sensex up 450 pts; L&T, Axis Bank, Bajaj twins shine (06-11-2023)
Stock market LIVE updates on November 6, 2023: Among sectors, the Nifty Realty index clocked gains of 1.5 per cent, followed by the Nifty Metal index (up 0.8 per cent)
Bank Nifty in pullback mode; breakout above 44,000 can trigger fresh rally (06-11-2023)
According to Ravi Nathani, an independent technical analyst, technical indicators on the Nifty 50 chart too are showing a positive trend, hence on can consider to buy Nifty on dips.
REITs, InvITs collect Rs 18,658 cr in Apr-Sep on robust infra demand (05-11-2023)
Strong demand for infrastructure investment, attractive returns, and favourable government policies have pushed fund mobilization through listed REITs and InvITs to Rs 18,658 crore in the April-September period of the current fiscal.
This came following a fund collection of Rs 2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped up through listed Real Estate Investment Trusts (REITs) was nil, data with the Securities and Exchange Board of India (Sebi) showed.
Going forward, experts believe that trends seen in REITs and InvITs will continue in the second half of the year too.
"The fresh savings will continue similarly as has happened in the last six months, and the investments will continue to be towards InvITs as both the central government and the state governments continue to focus more on infrastructure development," Himanshu Kohli, Co-founder of Client Associates, said.
Hence, the trends you have seen in REITs an
M-cap of 9 of top-10 most valued firms surges Rs 97,463 cr; Reliance leads (05-11-2023)
The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities.
Last week, the BSE benchmark jumped 580.98 points or 0.91 per cent.
Barring Bajaj Finance, the rest nine firms, including Reliance Industries, HDFC Bank, ICICI Bank and State Bank of India emerged as gainers.
The market valuation of Reliance Industries jumped Rs 36,399.36 crore to Rs 15,68,995.24 crore.
State Bank of India's market capitalisation (mcap) zoomed Rs 15,305.71 crore to reach Rs 5,15,976.44 crore.
The valuation of ICICI Bank surged Rs 14,749.52 crore to Rs 6,54,042.46 crore and that of HDFC Bank climbed Rs 11,657.11 crore to Rs 11,25,842.89 crore.
The mcap of Bharti Airtel rallied Rs 9,352.15 crore to Rs 5,23,087.22 crore and that of Hindustan Unilever Limited gained Rs 6,320.4 crore to Rs 5,89,418.46 crore.
Infosys added Rs 3,507.08 crore taking its valuation to
FPI sell-off continues; Rs 3,400 cr pulled out in just 3 sessions in Nov (05-11-2023)
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East.
This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed.
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Going forward, this selling trend is unlikely to continue since the main trigger for FPI selling, the rising bond yields, has reversed on the US Federal Reserve signalling a dovish stance in its November meeting.
"The main trigger for this reversal in bond yields is the subtle dovish commentary from Fed chief Jerome Powell that 'despite elevated inflation, inflationary expectations remain well anchored'. The market has interpreted this statement
Q2 earnings, global trends, trading activity to drive market: Analysts (05-11-2023)
The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said.
Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend.
"On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said.
While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum.
From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours.
"Global and domestic ...
10 arrests made so far: Himachal Pradesh Dy CM Agnihotri on Crypto fraud (04-11-2023)
Himachal Deputy CM further appealed to the people not to invest in such frauds when even SEBI did not give clearance
Over 300 crypto fraud complaints received, will take action: Himachal Dy-CM (04-11-2023)
More than 300 complaints have been received from across Himachal Pradesh in connection with a multi-crore cryptocurrency ponzi scam, Deputy Chief Minister Mukesh Agnihotri said, referring to the fraud that began in the state in 2018.
He had presided over a meeting on Friday to review the action being taken against the perpetrators, who cheated people by promising them high profits on investments within a short span of time, an official statement said.
People should guard themselves from falling prey to such ponzi schemes and cryptocurrency frauds, Agnihotri said.
"I am observing that complaints have been pouring in from various districts of the state wherein people have been cheated by the kingpin of the cryptocurrency fraud," he said, according to the statement issued on Saturday.
He added that more than 300 complaints have been received by the police till date.
Ten culprits from Mandi and two from Una have been arrested so far in connection with the case, Agnihotri said. Subhash