Posts in category Business Standard
Nifty may have formed a short-term top; momentum indicators turn bearish (15-04-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty may underperform and seek support around 22,445, 22,365, and 22,250 in the near term.
Carlyle picks JPMorgan, Kotak to help arrange Hexaware IPO: Report (14-04-2024)
The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private.
Gap in stock prices, corporate earnings at highest level since 1990 (14-04-2024)
Analysts attribute the growing divergence between stock price and corporate earnings to the valuation-driven rally
Bitcoin ‘halving’ will deal a $10 billion revenue blow to crypto miners (14-04-2024)
"This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit," said Matthew Kimmell, a digital asset analyst at CoinShares
Oil seen opening up after Iran’s attack, rally to depend on response (14-04-2024)
Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1
Govt bond yields expected to stabilise after witnessing last week’s surge (14-04-2024)
The market will be closely monitoring the movement of crude oil prices given the geopolitical conflict heating up in the Middle East, said dealers
Bitcoin rebounds from sharp slump triggered by Iran’s attack on Israel (14-04-2024)
The largest cryptocurrency advanced 3.9% to $64,40 as of 8:50 a.m. in London on Sunday after jumping as much as 8.3% earlier
Mcap of 7 most valued firms climb Rs 59,404 cr; Airtel, ICICI top gainers (14-04-2024)
The combined market valuation of seven of the ten most valued firms climbed Rs 59,404.85 crore in a holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers.
Stock markets were closed on Thursday on account of Eid-Ul-Fitr.
Last week, Sensex dipped marginally by 3.32 points after a record-breaking rally. The BSE benchmark had settled at an all-time high of 75,038.15 on Wednesday. It scaled the lifetime peak of 75,124.28 on Tuesday.
The market valuation of Bharti Airtel jumped Rs 19,029.37 crore to Rs 6,92,861.27 crore.
ICICI Bank added Rs 15,363.23 crore, taking its valuation to Rs 7,75,447.63 crore.
Reliance Industries' valuation climbed Rs 10,250.02 crore to Rs 19,85,797.70 crore, and that of Tata Consultancy Services (TCS) soared Rs 7,507.53 crore to Rs 14,47,343.55 crore.
The market capitalisation (mcap) of ITC rallied Rs 2,809.06 crore to Rs 5,36,967.87 crore, while Infosys climbed Rs 2,303.73 crore to Rs 6,16,424.57 crore.
State Bank of
FPIs infuse Rs 13,300 cr in April so far amidst bullish economic outlook (14-04-2024)
Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects.
Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near-term till clarity emerges on details of the new treaty, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Another major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term, he added.
Since domestic institutional investors (DIIs) are sitting on huge liquidity and the retail and HNIs in India are highly optimistic about the Indian market, FPI selling will be largely absorbed by domestic money.
According to the data with the depositories, FPIs made a net investment of Rs 13,347 crore in Indian equities this month (till April ...
Mkts to track geopolitical events in holiday-shortened week: Analysts (14-04-2024)
Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said.
Stock markets will remain closed on Wednesday for Ram Navami.
"This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Investors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week, he said.
On the macroeconomic front, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment, Meena added.
Shares of TCS will remain in focus on Monday.