Foreign portfolio investors (FPIs) bought Indian shares worth 466.18 billion rupees ($5.63 billion) on a net basis in July, data from the National Securities Depository Ltd (NSDL) showed on Friday. This is slightly less than inflows of 471.5 billion rupees in June 2023, the highest monthly FPI inflow since August 2022. Sustained FPI inflows have … Read more
Raamdeo Agrawal, Chairman, Motilal Oswal Financial Services Ltd (MOFSL), in conversation with Nikunj Dalmia of ET Now. Agrawal says “if the market remains flat, obviously my return will be coming only from the operation side. But aaisa hua nahi kabhi (that has never happened). In the last eight years, my net worth has compounded at … Read more
S&P BSE Sensex breached the psychological 62,000 mark on Tuesday after a gap of 145 days and is trading just 2.5% (1,500 points) shy of the all time high of 63,583.07, which the 30-stock index hit on December 1, 2022. Sensex was last seen trading in the 62,000 territory on December 14, 2022. At 12:15 … Read more
India market is likely to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rallied more than 400 points while the Nifty50 closed above 17700 levels on Monday. India VIX was up by 0.32% from 11.63 to 11.66 levels on Monday. Volatility spiked above 12 zones but later sunk and has now … Read more
Indian market is likely to consolidate further on Thursday tracking mixed global cues. The S&P BSE Sensex fell more than 150 points while the Nifty50 managed to hold on to 17600 levels on Wednesday. India VIX was up by 0.60% from 12.08 to 12.15 levels on Wednesday. Volatility sunk to 11 zones during the session … Read more
Shares of automobile companies, particularly the four-wheeler makers, registered strong gains in FY23, as the outlook for earnings improved significantly with the strong demand for passenger as well as commercial vehicles. Mahindra & Mahindra topped the list among 4-wheeler makers, with the stock clocking 40% gains. Companies such as Maruti Suzuki, Ashok Leyland, and Eicher … Read more
Indian market is likely to trade in the green on Monday tracking positive global cues. The S&P BSE Sensex rose more than 1000 points while the Nifty50 closed above 17300 levels on Friday. India VIX was down by 5.10% from 13.63 to 12.93 levels on Friday. Volatility has fallen from its highs and is now … Read more
Stock markets will remain closed for two days this week on account of public holidays. exchanges will not function on April 4 for Mahavir Jayanti and on April 7 due to Good Friday. According to the BSE calendar, the equity segment, derivative segment, and the SLB segment will be closed on these days. Further, the … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 failed to close above the 17000 mark in the previous session. India VIX was up by 1.35% from 15.24 to 15.44 levels on Monday. Volatility has been on the rise … Read more
“Ashok Leyland has been consolidating for the last few months at current level. Business has been improving at a very fast pace. Market share recovery has been strong. Margins are just recovering. So that is another stock which we like on the OEM side,” says Jinesh Gandhi, Motilal Oswal Financial Services While highlighting how the … Read more