Sandip Sabharwal, asksandipsabharwal.com, says “the markets have corrected and people are correlating it to what might happen in the election. I do not think that is the right way to do it. I think markets fall under their own weight when they become overweight. So, the Indian market became overweight and is correcting a bit. … Read more
Mumbai: The benchmark Nifty has only corrected 2.5% in October so far, but granular data suggests bigger woes for investors. One such number, the advance-to-decline ratio for Nifty 500 stocks this month stands at 0.39, marking its lowest level in sixteen months, thereby underscoring the severity of the ongoing correction. This metric provides a deeper … Read more
New Delhi | Mumbai: Shareholders of Finolex Cables have rejected a resolution pertaining to the reappointment of Deepak Chhabria as a wholetime director designated as executive chairman, the Pune-based company informed the stock exchanges on Friday. The development came after the Supreme Court ordered disclosure of the results of the vote on the resolution during … Read more
Boosted by positive economic sentiments in the domestic market and continued FII inflows, Indian equities have been making new highs for quite a while. In trade on Wednesday too, Nifty and Sensex logged fresh record highs. Nifty ended at 19,833, while Sensex closed at 67,097 levels. Sectorally, IT and auto pack saw some weakness, while … Read more
Amid positive global cues, Indian equities recorded a fresh lifetime high intraday on Thursday, with Sensex hitting 66,000 levels for the first time. Nonetheless, selling in blue chips led the indices to pare intraday gains with Nifty ending at 19,414 points, while Sensex settled at 65,559, adding 0.25%. Meanwhile, broader markets underperformed the headline indices. … Read more
Mumbai: Come July 15, promoters must disclose to exchanges their family settlement agreements or arrangements that have a bearing or influence on management control of listed entities for such deals to remain legal. In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as … Read more
Indian market closed in the green on Tuesday tracking positive global cues and buying in index heavyweights. The S&P BSE Sensex rose more than 600 points to climb above 61,000 while the Nifty50 closed above 17900 levels. Sectorally, buying was seen in IT, FMCG, and banks while selling was visible in realty, utilities, and power. … Read more
After relentless selling in the first half of 2022, foreign institutional investors have made a comeback to Indian equities in the recent months, and Divam Sharma of Green Portfolio sees the trend improving in the near term. “We believe that India will attract a higher weight on the MSCI EM index, and we will see … Read more
has rallied more than 70% from its February lows to hit a fresh record high in October 2022 but soon lost momentum. Fundamental factors suggest that a new high is in the offing. Investors who missed the rally can still look at buying the stock now or on dips for a target of Rs 1895 … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more