Benchmark indices settled with marginal gains on Thursday in a highly volatile trade. The 30-share BSE Sensex closed 86 points higher at 66,988 and the broader Nifty edged up 36 points to close at 20,133. Stocks that were in focus included names like BHEL, which rose 3.36%, GAIL, which jumped 4.77%, and Hudco, whose shares … 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: The finance ministry is reviewing its disinvestment schedule following the recent stock market selloff amid high volatility triggered by global factors, said people aware of the details. The ministry is likely to adopt a “prudent selloff” approach now, one official told ET, adding there won’t be “divestment for the sake of divestment anymore” … Read more
Housing & Urban Development Corporation (HUDCO) shares tanked 9% to Rs 82 in Wednesday’s trade on BSE after the government announced it would sell up to 7% stake in the company through an Offer for Sale (OFS) at a floor price of Rs 79 per share. Under the OFS, the government will offload seven crore … Read more
Indian market pared losses and closed in the green on Wednesday. The S&P BSE Sensex rose more than 170 points while the Nifty50 closed above 19,700 levels. Sectorally, buying was seen in capital goods, healthcare and telecom stocks while selling was seen in oil & gas, consumer durables, and banks. Stocks that were in focus … Read more
Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more
Indian market closed in the green on Wednesday for the second consecutive day. The S&P BSE Sensex rose nearly 100 points while Nifty50 closed above 18200 levels. Sectorally, buying was seen in the public sector, oil & gas, banks, metals, and energy stocks while some selling was seen in capital goods, consumer durables, and IT … Read more