While the Nifty ended the week with a 1.6% gain, over Rs 8,228 crore worth of block deals were executed across large, mid, and small-cap stocks, marking significant market activity, which included both buying and selling action. Large-cap block deals In the large-cap segment, Torrent Pharma led the action, recording block deals worth Rs 3,207 … Read more
Shares of Andhra Pradesh-based companies continued their rally at the bourses even as the headline indices remained muted on Monday. The surge, which started since Chandrababu Naidu’s thumping victory in the state’s assembly elections, meant that some of these companies including KCP have rallied up to 40% in the last four sessions. Andhra Cements was … Read more
“It is just that we have a strong domestic investor sentiment and about $2 billion per month is the incremental SIP which I think to an extent is ensuring that markets are not really crashing,” says Sudip Bandyopadhyay, Inditrade Capital. Just wanted to understand from you that from the earnings, which sector that you are … Read more
TAQA Looks to Bet Big on Adani’s Power Biz Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. Big … Read more
Indian market is likely to edge higher on Wednesday tracking positive global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed above 19,550 levels on Tuesday. India VIX was up by 2.03% from 11.10 to 11.32 levels in the previous session. Volatility inched higher and caused some discomfort to the … Read more
Indian market is likely to consolidate on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19,600 levels in the previous trading session. India VIX was up by 5.04% from 10.57 to 11.10 levels in the previous session. Volatility moved from lows … Read more
Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more
Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The … Read more
“It is anticipated that the bulls will regain control once the Nifty index breaks above the 18600 level on a closing basis,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with ETMarkets, Shah said: “This breakthrough is considered significant as it would confirm the establishment of a new all-time … Read more
After the underperformance during the January-March quarter, benchmark Nifty50 delivered gains over April and May. The index is now set to surpass the lifetime high of 18,887.60 it scaled in December last year. While Nifty50 will take an upward trajectory, midcap stocks are likely to see stronger momentum. “We expect broader markets to accelerate upward … Read more