Stock market highlights: The frontline S&P BSE Sensex index soared 1,265 points, or 1.78 per cent, in the intraday trade to hit a high of 71,965 levels
Posts in category Business Standard
Adani stocks fire up: Adani Enterprises, Adani Energy, ATGL surge up to 7% (29-01-2024)
Adani Total Gas, Adani Power, Adani Ports and Special Economic Zone, Adani Green Energy and Ambuja Cements are up 3% to 5%.
AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results (29-01-2024)
The bank’s Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24
HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99% (29-01-2024)
LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025
Gold prices unchanged at Rs 62,950, silver trading at Rs 76,000 per kg (29-01-2024)
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 57,700
Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India (29-01-2024)
Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed’s rate outcome on Jan 31 and the interim budget back home on Feb 1
Stock Market LIVE: Sensex soars 1100pts, Nifty at 21700; RIL up 4%, ONGC 7% (29-01-2024)
Stock market Update on Monday, January 29: In the broader market, the BSE MidCap and SmallCap indices advanced up to 0.7 per cent each.
Nifty50: Near-term consolidation with negative bias on cards (29-01-2024)
Nifty outlook: Short-term charts unveil a cautious scenario, where a fresh bullish momentum is anticipated only beyond the 22,124 mark, as per Ravi Nathani
FPIs take out Rs 24,700 cr from equities on rising bond yields in US (28-01-2024)
Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US.
On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed.
According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25).
Before this, FPIs made a net investment of Rs 66,134 crore in the entire December and Rs 9,000 crore in November.
“The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
“The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5 per cent to around 3.8 per cent.
“Now the 10-year bond is back at 4.18 per cent which indicates t
Markets to focus on Budget, US Fed policy in eventful week, say analysts (28-01-2024)
Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts.
Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues.
From the macroeconomic front, the PMI (Purchasing Managers’ Index) data for the manufacturing sector is scheduled to be announced on Thursday.
Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31.
“Market is likely to consolidate further ahead of the US Fed interest rate decision where the Fed is expected to maintain status quo and give some hint with regards to rate cut timeline. Apart from this, BoE (Bank of England) monetary policy is also due coupled with a few key economic data releases which might keep markets volatile.
“Further many heavyweights would be …