GIFT Nifty achieved a new milestone recording an all-time high monthly turnover of $100.7 billion as on September 30, 2024. This feat surpassed its previous record of $100.13 billion set on August 30, 2024. This milestone reflects the growing global interest and trust in the GIFT Nifty as a benchmark for India’s growth story, NSE … Read more
Technical charts, weekly options data, and India VIX stabilising around 12 indicate consolidation with a positive bias for Nifty. The index is expected to trade in 25,800- 26,650 range this week, according to analysts. If Nifty holds above 26,350, buying is anticipated, pushing the index towards 26,600; while a dip below 26,100 could trigger selling, … Read more
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
After a brief swing to the deficit mode, liquidity in the banking system returned to a surplus this week, with analysts interpreting the Reserve Bank of India’s tolerance of extra cash with banks as a tilt towards easier policy ahead of the official interest rate statement next month. For seven days in September, the RBI … Read more
As FIIs lead sectoral churning in the market ahead of the beginning of the rate-cut cycle in India, private bank stocks have once again begun to outperform their high-flying PSU peers. In the last one month, the private bank index has risen 8% while PSU banks have lost 4.3% of their value. HDFC Bank and … Read more
Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says from the current level, the Bajaj Housing Finance stock will have a long consolidation unless and until very astronomical numbers are coming from the company. But there is always a risk in buying anything at five, five-and-a-half times. Aggarwal expects a long consolidation in Bajaj Housing shares as institutional … Read more
On Friday, the domestic equities rallied for the second straight day, driven by positive global cues and a drop in U.S. jobless claims. The Nifty surged 375 points (+1.5%) to hit record highs, with most sectors, except PSU Banks, ending in the green. Realty, metals, FMCG, private banks and financial services led gains. Analysts believe … 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
The board of HDFC Bank has given its in-principle approval to take its financial services unit HDB Financial Services public through an initial public offering (IPO). Under the IPO, the fresh equity sale will be Rs 2,500 crore. There will be an offer-for-sale component, where interested existing and eligible shareholders of the company may offer … Read more
“Over the past year, our Pratham and Vision portfolios have delivered returns of 47% and 42%, respectively. In comparison, the BSE 500 has returned 41% and the NIFTY 50 has returned 31% over the same period” says Riya Oswal Bafna- Co-Fund Manager at Purnartha. In an interview with ETMarkets, Riya said: “We have expanded our … Read more
