While Nifty ended with week-on-week gains of 1.5%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 14,602 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the … Read more
Balaji Subramanian, AVP and telecom analyst, IIFL Securities, says that with the Supreme Court rejecting the telecom companies’ plea for re-computation of adjusted gross revenue (AGR) case, there is no relief in sight for telecom majors. If Vodafone Idea is able to complete its debt fundraising, then the capex programme should be on track and … Read more
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more
Domestic markets continued their record-breaking run even in the month of August, but the gains were steady with Sensex gaining close to 1%. The rally was also broad-based with the smallcaps outperforming the benchmark as the BSE smallcap index was up around 1.25% during the month. This was reflected in the gains of the broader … Read more
The combined market valuation of nine of the top 10 most valued firms jumped by Rs 95,522.81 crore last week, with Reliance Industries, TCS and HUL emerging as the biggest gainers. Rising for the fourth straight session, the 30-share BSE Sensex ended 33.02 points or 0.04 per cent higher at 81,086.21 on Friday. Last week, … Read more
Domestic markets ended slightly higher in a lackluster session on Thursday, pausing after the recent rally. In today’s trade, shares of Ambuja Cements, Nykaa, Adani Power, Bharti Airtel, Wipro among others will be in focus due to various news developments. Ambuja CementsThe Adani Group is likely to sell a 2.84% stake in Ambuja Cements on … Read more
Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
Indian benchmark indices crashed nearly 3% on Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy. In today’s trade, shares of RIL, Bharti Airtel, Vedanta, Tata Power, Lupin among others will be in focus due to various news developments and first quarter results. PFC, Vedanta, Tata … Read more
Indian market is likely to trade higher on Monday tracking positive global cues. The Nifty Future closed positive with gains of 1.88% at 24,915 levels on Friday. India VIX was down 2.93% from 12.62 to 12.25 levels. On the options front, the maximum Call OI is placed at 26,500 and then towards 25,500 strikes while … Read more
Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Nifty50 index started on a flattish note this week considering global cues however there was a … Read more
