The Nifty remained range-bound in the past week, with a minor weekly loss of 50.35 points (-0.20%). Volatility also tapered down, with the India VIX falling 6.42% to 13.22. The trading range narrowed to 539.70 points. The coming weeks are crucial for the markets due to the discontinuation of weekly contracts for NIFTY Bank and FINNIFTY starting November 20.
Posts in category Economic Times
Gold may slide lower if Middle East tension remains contained. Buy on dips (12-10-2024)
Spot gold fell for six days before rebounding on October 10 and 11, supported by hotter-than-expected US inflation data and deteriorating job market and consumer sentiments.
IPO Calendar: Hyundai India and 2 other issues set to light up primary market next week (12-10-2024)
Hyundai India’s IPO is the biggest upcoming IPO, aiming to raise over Rs 27,000 crore. Two other SME IPOs and three listings are also scheduled. Garuda Construction IPO received 7.55 times subscription. The IPO pipeline for the second half looks promising with 26 companies proposing to raise Rs 72,000 crore.
FPIs net sell domestic equities worth Rs 58,711 crore in October so far on ‘Sell India, Buy China’ trend (12-10-2024)
FPIs have been net sellers of Indian equities at Rs 58,711 crore so far in October, wiping out a substantial portion of the overall inflows in 2024 in just 8 sessions. The total investments by them now stand at Rs 41,899 crore versus Rs 1,00,245 crore at the end of September.
Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action (12-10-2024)
Nifty ended with a weak-on-weak decline of 0.20%. Over three dozen companies from large, mid, and smallcap segments witnessed significant block deals worth Rs 16,445 crore. HDFC Bank led with 12 block counts totaling Rs 1,821 crore.
Concurrent Gainers: 5 stocks that gained for 5 days in a row (12-10-2024)
The Sensex declined 0.38% in the past five trading sessions, but five stocks with a market cap over Rs 2000 crore consistently increased in price.
Focus shifts to largecaps as midcaps face profit booking, says Rajesh Palviya, Axis Securities (12-10-2024)
Looking at the overall scenario, we believe that the focus is gradually shifting towards the largecap and midcaps are still under profit booking. So, major focus will shift on the largecap and very select pocket can do well as technical structure for the sector like pharma, chemical, little bit buying action has been witnessed in the metal as well as in the IT space also. So, these all three-four spaces can be looked at for near term.
DMart Q2 Results: Standalone PAT jumps 8% YoY to Rs 710 crore, revenue up 14% (12-10-2024)
Avenue Supermarts, which opeartes DMart stores reported an 8% year-on-year jump in its September quarter standalone net profit at Rs 710.37 crore versus Rs 658.54 crore reported in the year ago period.
Network18 Q2 Results: Cons loss widens YoY to Rs 221 crore, revenue falls 2% (12-10-2024)
Network18 Media & Investments on Saturday widened its September quarter consolidated loss to Rs 221 versus Rs 83 crore reported by the company in the year ago period. It was also higher on a sequential basis as the company had reported a net loss at Rs 125 crore in Q1FY25.
Tata Group stocks trusted for management and ethics, says Mayuresh Joshi, Marketsmith India (12-10-2024)
I think midcap IT in my opinion can probably keep on outperforming largecap IT at least for the next couple of quarters. One can very well argue that valuations are through the roof. They are trading at late stage bases in terms of their price action as well.