Domestic markets have experienced a relentless bull run this year, with key indices reaching record highs driven by solid macro fundamentals and discussions about easing the interest rate cycle. The rally has been broad-based, including small-cap and mid-cap stocks trading near their 52-week peaks. However, around 25% of small-cap stocks in the BSE Smallcap index have faced price corrections in 2024, according to Ace Equity data.
Posts in category Economic Times
Siemens stock price up 0.62 per cent as Sensex climbs (24-09-2024)
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 3.23 per cent.
Sensex rises! But these stocks are down 5% or more on BSE (24-09-2024)
In the Nifty pack, 25 stocks were trading in the green, while 25 stocks were trading in the red.
Rupee sees range-bound trade in morning session (24-09-2024)
The Indian rupee traded within a narrow range on Tuesday, depreciating by 3 paise to 83.57 against the US dollar amid muted domestic equities and rising crude oil prices. Forex traders noted the Reserve Bank of India’s active intervention. The dollar index rose slightly, while Brent crude prices increased in futures trade.
GMR Power and Urban Infra shares rally 5% on Emkay’s call (24-09-2024)
GPUIL’s thermal assets are operating at 80% PLFs on the back of domestic coal tie-ups, 90% supply through PPAs at reasonable tariff and peak power demand.
Vedanta, Tata Steel and other metal stocks rally as China announces stimulus (24-09-2024)
Shares of NALCO surged the highest, ie, 5% to day’s high of Rs 189.85, NMDC’s shares increased by 4.5% to Rs 225.45 while those of SAIL gained 3% to Rs 133.60.
Voltas shares gain 1.24% as Sensex rises (24-09-2024)
On the technical charts, the RSI of the stock stood at 66.86.
Stock market update: Stocks that hit 52-week lows on NSE (24-09-2024)
HUL, HDFC Life, LTIMindtree, Bajaj Finance and SBI Life were among the top losers on NSE.
Trideep Bhattacharya on best 5 sectors to have in portfolio now (24-09-2024)
Trideep Bhattacharya, CIO of Edelweiss MF, discusses the benefits of flexi cap mutual funds in the current market. He highlights the balanced valuation comfort of largecaps and the earnings growth potential of mid and smallcaps. Key sectors include NBFCs, real estate, IT services, capex cycle stocks, power supply chain companies, and rural consumption firms.
DLF shares up 0.96% as Nifty gains (24-09-2024)
A total of 84,651 shares changed hands on the counter till 10:14AM (IST).