Recent U.S. rate cuts, record gold prices, Chinese stimulus, and geopolitical tensions have increased silver’s appeal, pushing prices to multi-year highs. Demand dynamics remain influenced by industrial usage.
Mcap of 8 most valued firms surges Rs 1.21 trn; Reliance biggest winner (29-09-2024)
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices.
Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.
The market valuation of Reliance Industries jumped Rs 53,652.92 crore to Rs 20,65,197.60 crore.
State Bank of India added Rs 18,518.57 crore taking its valuation to Rs 7,16,333.98 crore.
Bharti Airtel’s market valuation soared Rs 13,094.52 crore to Rs 9,87,904.63 crore and that of ITC grew by Rs 9,927.3 crore to Rs 6,53,834.72 crore.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) surged Rs 8,592.96 crore to Rs 15,59,052 crore.
HDFC Bank’s valuation climbed Rs 8,581.64 crore to Rs 13,37,186.93 crore and that of Life Insurance Corporation of India (LIC) zoomed Rs 8,443.87 crore to Rs 6,47,616.51 crore.
The mcap
Markets to track global cues, trading activity of foreign investors in holiday-shortened week: Analysts (29-09-2024)
The BSE Sensex hit a new record intra-day peak of 85,978.25 on Friday. The NSE Nifty also hit an all-time intra-day high of 26,277.35 on that day
From sachetization to safarization: How to protect the options trader (29-09-2024)
HUL’s sachet revolutionized FMCG, but proliferation led to environmental concerns. F&O market, once exclusive, became accessible, leading to a surge in participation and losses. SEBI’s proposed NAC could provide a safer alternative for derivatives traders
Markets to track global cues, trading activity in holiday-shortened week (29-09-2024)
Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said.
Equity markets would remain closed on Wednesday for Mahatma Gandhi Jayanti.
“Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India. September saw the highest FII inflows into Indian equities this year. Movements in commodity prices, the US dollar index, and key macroeconomic data from the US will also be pivotal in shaping the market’s direction.
“Additionally, geopolitical developments will continue to be a key factor on the global stage,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
On the domestic front, upcoming monthly auto sales data and quarterly updates from companies could drive stock-specific movements in the near term, Meena said.
Among macroeconomic numbers, PMI (Purchasing Managers’ Index) data for the ..
Nifty charts indicating time correction ahead: Anand James (29-09-2024)
On the September expiry day, FIIs covered 34% of their shorts from their index futures portfolio, which at least partly explains the strength of the vertical rise we saw in the closing hour of last Thursday. Now, while this took up their long proportion to 79.9%, a near term extremity this was not a one off event borne out of expiry dynamics. The day after expiry also saw long addition, but more importantly, it also saw short reduction by nearly 6%.
These 10 penny stocks surge 15-45% in a week (29-09-2024)
In the week ending September 27, the Indian benchmark index Sensex experienced a weekly gain of approximately 1.2%. 10 penny stocks saw their prices increase by 15% to 45% over the same period.