Posts in category Business Standard
Stock market guide for May 27: FIIs cut shorts, Sensex rejig; Gift Nifty (27-05-2024)
All you need to know before the market opens on Monday: Markets in the Asia-Pacific region were seen trading with a positive bias; FIIs were net buyers last week. Adani Ports to be part of Sensex 30.
Asian shares surge ahead of critical US inflation data, rate cut expected (27-05-2024)
Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures
Infy, Sumitomo Chemical, MTAR Tech; top picks from Anand Rathi for May 27 (27-05-2024)
Over the past few months, Infosys' stock has been consolidating within a narrow trading range, approximately between Rs 1,400 and Rs 1,450
Is it time to sell Nifty50, MidCap select index? What analysts say (27-05-2024)
The Nifty 50 Index is currently trading at 22,952.00 and has rallied significantly in the near term, bringing it close to a stiff resistance zone around 23,050
India, Indonesia stand out for emerging market investors in ageing world (26-05-2024)
The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom in infrastructure spending, which in turn bodes well for the countries' economies
Short-term bonds may outperform long-term bonds as liquidity seen improving (26-05-2024)
Liquidity is expected to improve significantly after the Reserve Bank of India's record surplus transfer to the government
FPIs take out Rs 22,000 crore from equities in May amid poll jitters (26-05-2024)
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February.
Going forward, as clarity emerges on the election front, Foreign Portfolio Investors (FPIs) are likely to buy in India, since they cannot afford to miss the post-election results rally.
Actually, the rally may begin even before the election results, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
According to data with depositories, Foreign Portfolio Investors (FPIs) witnessed a net outflow of Rs 22,047 crore from equities this month (till May 24).
"This heavy selling was
Markets may witness gradual up-move ahead of LS poll results: Analysts (26-05-2024)
Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors' sentiment.
Benchmark indices, which had a record-breaking rally last week, would also track global oil benchmark Brent crude and the rupee-dollar trend.
The monthly derivatives expiry on Thursday may also fuel volatility in markets.
"We have reached the final curtain for the Q4 earnings season. Many companies, including names like Tata Steel, will release their financial results this week. Positive earnings from the final quarter could provide strength to the market to continue its bullish momentum.
"We are very close to the Lok Sabha election results, and the election verdict will give a boost to FII flows," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
The results of the ongoing general electi
Mcap of 9 of top-10 most valued firms jump Rs 1.85 trn; Reliance sparkles (26-05-2024)
Nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation last week, with Reliance Industries Ltd and HDFC Bank stealing the show with maximum gains, in line with rally in equities.
Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday.
From the top-10 most-valued firms pack, only ITC emerged as the laggard.
The market valuation of Reliance Industries jumped Rs 61,398.65 crore to reach Rs 20,02,509.35 crore.
HDFC Bank added Rs 38,966.07 crore, taking its valuation to Rs 11,53,129.36 crore.
The market valuation of Life Insurance Corporation of India (LIC) rallied Rs 35,135.36 crore to Rs 6,51,348.26 crore.
Bharti Airtel's market capitalisation (mcap) zoomed Rs 22,921.42 crore to Rs 7,87,838.71 crore and that of Hindustan Unilever climbed Rs 9,985.76 crore to Rs 5,56,829.63 crore.
The mcap of Infosys went up Rs 8,821.99 crore to Rs 6,08,198.38 crore an
Rudra Ecovation standalone net profit declines 27.20% in the March 2024 quarter (25-05-2024)
Sales rise 81.59% to Rs 10.06 crore