After months of persistent outflows, foreign institutional investors (FIIs) are showing signs of a strategic shift in India. The turnaround in FII activity was marked by a significant net buying figure of Rs 3,255 crore through the exchanges on March 21, signaling renewed interest in Indian equities. While FIIs had been offloading Indian equities in … Read more
BSE Smallcap’s 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in … Read more
Domestic indices have been undergoing a free fall for the past few sessions consecutively. The Indian equity market saw another day of losses, with the Nifty index logging its longest losing streak on record, falling for the tenth consecutive session. The Nifty ended down by 37 points, closing at 22,083, while the Sensex slipped by … Read more
Shares of NTPC Green Energy cracked 9% to hit their new 52-week low of Rs 96.20 on the BSE on Monday, February 24, as its 3-month shareholder lock-in period expires today, freeing up 183 million shares to trade in the open market. This development means that nearly 183 million shares of NTPC Green Energy, which … Read more
Amid an overall weak market sentiment, individual small and midcap stocks enjoyed their northward rally with shares of WPIL Ltd surging by as high as 44.16% in just one week. Shares of Prudent Corporate Advisory Services rallied 40% to close the week at Rs 3,577.65 on the BSE. The stock had gained 14.75% in the … Read more
The shares of Hyundai India will debut at the bourses later today, marking the end of a successful IPO, which is India’s biggest ever till date. The current GMP suggests that the shares may list with moderate gains of 3-5% over the issue price. The IPO was booked 2.3 times, with full subscription achieved only … Read more
The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve‘s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more
Rakesh Rawal, CEO, Anand Rathi Wealth, says it is easier to get flows when market sentiment is backed by investor confidence. When there is a little bit of turmoil, then more efforts are needed to build confidence and the past has shown that extra efforts do not change the direction of flows. So, yes, if … Read more
Central banks worldwide are playing a pivotal role in driving the ongoing bull run in gold prices. This article aims to dissect the intricate connection between central bank actions and the surge in gold prices, shedding light on the factors contributing to this phenomenon. Understanding Central Banks’ gold accumulation Diversification Strategy: Central banks are actively … Read more
Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more