Posts in category Business Standard
LIC’s investment in Adani companies surges 51.6%, reaches Rs 66,388 cr (02-06-2024)
Insurer books profits in a few stocks by paring stake
LIC’s Adani group portfolio value surges 51.6% at Rs 66,000 crore (02-06-2024)
LIC trimmed its stake in group flagship Adani Enterprises from 4.26 per cent to 3.93 per cent over the past year
Mcap of 8 of 10 most valued firms erodes by Rs 2.08 trn; RIL, TCS suffer (02-06-2024)
The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit.
While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers.
Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak.
The market capitalisation (mcap) of index heavyweight Reliance Industries plunged by Rs 67,792.23 crore to Rs 19,34,717.12 crore, while TCS mcap declined by Rs 65,577.84 crore to Rs 13,27,657.21 crore.
The valuation of Infosys slumped by Rs 24,338.1 crore to Rs 5,83,860.28 crore, and that of ITC went lower by Rs 12,422.29 crore to Rs 5,32,036.41 crore.
Mcap of LIC dropped by Rs 10,815.74 crore to Rs 6,40,532.52
Mcap of 8 of 10 most valued firms erodes by Rs 2.08 trn; RIL, TCS suffer (02-06-2024)
The combined market valuation of eight of the top-10 most valued firms declined by Rs 2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit.
While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State Bank of India (SBI) emerged as gainers.
Last week, the 30-share BSE Sensex tanked 1,449 points or 1.92 per cent. It rose by 75.71 points or 0.10 per cent to settle at 73,961.31 on Friday, snapping a five-day losing streak.
The market capitalisation (mcap) of index heavyweight Reliance Industries plunged by Rs 67,792.23 crore to Rs 19,34,717.12 crore, while TCS mcap declined by Rs 65,577.84 crore to Rs 13,27,657.21 crore.
The valuation of Infosys slumped by Rs 24,338.1 crore to Rs 5,83,860.28 crore, and that of ITC went lower by Rs 12,422.29 crore to Rs 5,32,036.41 crore.
Mcap of LIC dropped by Rs 10,815.74 crore to Rs 6,40,532.52
Lok Sabha Exit Poll 2024: FII money, waiting on sidelines, may rush in (02-06-2024)
Lok Sabha elections exit polls: Ten years of the Narendra Modi government have set expectations and given a framework for investors
Exit Poll 2024: Bank, auto, defence stocks may see ‘Modi rally’ on Monday (02-06-2024)
Lok Sabha elections exit polls 2024: The stock market bulls will be further emboldened by the better-than-expected 8.2 per cent growth in GDP numbers
LS poll result, RBI interest rate decision key events to watch this week (02-06-2024)
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data.
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
"All eyes are now on the most significant event of the past five years the outcome of the Lok Sabha elections, scheduled for Tuesday. Before that, market participants will react to the exit polls on Monday.
"The market is approaching the event with caution, and the positive surprise from exit polls can lead to a rally as majority of the exit polls are giving 350+ seats to the NDA. Conversely, a negative surprise from actual results might trigger a knee-jerk reaction in the market,
Stocks, bonds set to gain as exit polls show landslide win for PM Modi (02-06-2024)
The polls suggest the Bharatiya Janata Party-led alliance will clinch substantially more seats than the 272 required for a majority in the 543-seat lower house of parliament
Shankar Sharma’s market strategy post Lok Sabha exit poll: Stay strapped in (02-06-2024)
Meanwhile, every government since 1991, Shankar Sharma said, has performed exceedingly well in different ways and with different strategies
Retail investors’ participation in F&O trading surges, say experts (02-06-2024)
With growing participation of retail traders in the futures & options (F&O) trading, experts on Sunday said the prospects of quick profits and speculative nature of the instrument has attracted investors to this segment.
They suggested investors to approach F&O trading with thorough knowledge and careful risk management.
Finance minister Nirmala Sitharaman and chief economic advisor V Anantha Nageswaran have recently flagged the growing risk of F&O trading for retail investors. In November 2023, Sebi chief Madhabi Puri Buch also cautioned investors against heavy bets on F&O.
The caution was likely aimed at encouraging a more informed and prudent approach to trading in these products, helping to safeguard investors' financial well-being while allowing them to take advantage of market opportunities.
Despite this, F&O trading continues to grow in popularity, driven by the potential for profit and the rising trading volumes.
The segment's popularity is evident from