Posts in category Business Standard
Solid Q4 results, return of FIIs, improving macros drive market’s surge (18-06-2023)
A combination of factors -- better corporate Q4 results in FY23, return of the foreign institutional investors (FII) have together taken the country's stock markets on a record high, said experts
RBI maintains a pause on rates in step with global markets – it helps (18-06-2023)
The markets have been on a high for the past few sessions, particularly the Nifty, which consistently touched and even crossed the 18,000 mark earlier this week
Domestic-focused sectors push market up; IT, commodities pull it down (18-06-2023)
Domestic and private consumption oriented business sectors are driving up the Indian stock markets, which are nearing their high points, experts said.
Global trends, progress of monsoon to guide equity mkts this week: Analysts (18-06-2023)
Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said.
Investors will also track the movement of rupee against the US dollar and crude oil prices.
Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday.
Market analysts attributed the rally in the markets to the fact that the US Federal Reserve did not raise interest rates, while positive global cues and foreign institutional investors (FIIs) turning net buyers of local equities also supported the uptrend.
"The Indian market will be closely monitoring the progress of the monsoon season. Globally, there is expected to be an increase in volatility in the US market over the coming week. This is due to the upcoming semi-annual testimony of Fed Chairman Powell to Congress," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
According to analysts, a steady recovery in global indices, especially in the US, .
Global trends, progress of monsoon to guide equity mkts this week: Analysts (18-06-2023)
Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said.
Investors will also track the movement of rupee against the US dollar and crude oil prices.
Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday.
Market analysts attributed the rally in the markets to the fact that the US Federal Reserve did not raise interest rates, while positive global cues and foreign institutional investors (FIIs) turning net buyers of local equities also supported the uptrend.
"The Indian market will be closely monitoring the progress of the monsoon season. Globally, there is expected to be an increase in volatility in the US market over the coming week. This is due to the upcoming semi-annual testimony of Fed Chairman Powell to Congress," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
According to analysts, a steady recovery in global indices, especially in the US, .
M-cap of 6 of top 10 valued firms climbs over Rs 1.13 trn; Reliance leads (18-06-2023)
Six of the top-10 most valued domestic firms together added Rs 1,13,703.82 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in an overall bullish trend in the equity market.
Last week, the BSE benchmark jumped 758.95 points or 1.21 per cent. The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58 on Friday.
While Reliance Industries, Hindustan Unilever Limited, ITC, Infosys, HDFC and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India faced erosion from their market valuations last week.
Reliance Industries added Rs 63,259.05 crore taking its valuation to Rs 17,42,415.47 crore.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 18,737.99 crore to Rs 6,38,019.76 crore.
ITC's valuation zoomed Rs 18,331.32 crore to Rs 5,63,237.76 crore and that of Infosys climbed Rs 11,059.41 crore to Rs 5,36,433.55 crore.
The mcap
M-cap of 6 of top 10 valued firms climbs over Rs 1.13 trn; Reliance leads (18-06-2023)
Six of the top-10 most valued domestic firms together added Rs 1,13,703.82 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in an overall bullish trend in the equity market.
Last week, the BSE benchmark jumped 758.95 points or 1.21 per cent. The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58 on Friday.
While Reliance Industries, Hindustan Unilever Limited, ITC, Infosys, HDFC and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India faced erosion from their market valuations last week.
Reliance Industries added Rs 63,259.05 crore taking its valuation to Rs 17,42,415.47 crore.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 18,737.99 crore to Rs 6,38,019.76 crore.
ITC's valuation zoomed Rs 18,331.32 crore to Rs 5,63,237.76 crore and that of Infosys climbed Rs 11,059.41 crore to Rs 5,36,433.55 crore.
The mcap
‘To safeguard stakeholders’: Sebi justifies urgent action in Zee matter (18-06-2023)
In a 197-page reply to SAT, regulator says action taken to safeguard management, protect investors
‘To safeguard stakeholders’: Sebi justifies urgent action in Zee matter (18-06-2023)
In a 197-page reply to SAT, regulator says action taken to safeguard management, protect investors
FPIs stay glued to Indian equities; infuse Rs 16,405 cr in June so far (18-06-2023)
Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected Rs 16,405 crore in June so far on the country's strong economic rebound and positive growth outlook.
FPI flows touched a nine-month high of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed.
Before that, FPIs had pulled out over Rs 34,000 crore during January-February.
"Considering the current investment trend, it is expected that FPIs will continue to show interest in the Indian market throughout the month," Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
The ongoing economic recovery, positive corporate earnings, and supportive policy environment are likely to sustain the inflow of funds, he added.
However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money .