Sensex

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian markets traded lower for the third session in a row on September 16, taking their cue from global equities, on expectations that higher-than-expected August consumer inflation would prompt the US Federal Reserve to respond with a stronger interest rate hike the next time around. Both the BSE Sensex and the National Stock Exchange’s Nifty have dropped over 2.3% in the last three trading sessions. "Equity markets are likely to extend losses in early trade Friday, mirroring the weakness in global indices as investors are gearing up for a stronger interest rate hike by the US Fed following the recently announced higher-than-expected inflation numbers,” said Prashanth Tapse, Research Analyst and Senior Vice President (Research), Mehta Equities The street now believes the Fed will … [Read more...] about Sensex, Nifty fall for third straight session: Key factors behind the selloff

The Indian stock market ended the session on September 12 with handsome gains. Sensex ended the day 312.26 points higher or 0.52 percent at 60,105.40. Nifty added 97.50 points or 0.55 percent to close at 17,930.80. Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The energy crunch and the steady rise in demand is nudging policymakers and planners to revisit their projections for the Indian power sector. The Central Electricity Authority (CEA) which had suggested no fresh requirement for thermal power plants during 2017-22, is now projecting an additional requirement for coal-based plants in the upcoming five-year periods ending 2026-27 and 2031-32. Note that the estimates are over and above the capacities that are already under construction. “It is seen … [Read more...] about Moneycontrol Pro Panorama | Obits for thermal power prove to be premature

Indian equity market looked past the higher consumer price inflation data for August and surged for the fourth straight session with analysts expecting the rally to continue driven by foreign investors. The strength in the market has also been aided by strong cues from the US market overnight, which surged ahead of the crucial CPI inflation data due later today. At the open, the BSE Sensex hit a high of 60,551 points, while the Nifty 50 touched the 18,000 mark for the first time since April. The rupee strengthened 0.54 percent to hit a six week high of 79.12 a dollar, while the  10-year bond yields dropped 4 basis points to hit a near five-month low of 7.087 percent on Tuesday. Even though many economists flagged that the persistently high retail inflation means more rate hike by the Reserve Bank of India, analysts expect the Indian market’s outperformance to continue given the brisk pace of FII investment, coupled with strong macros, compared with other markets. Finance … [Read more...] about Investors shrug off inflation worries, drive Nifty to scale 18,000 level

Indian markets opened 0.8 percent higher ahead of key macroeconomic data due later on Monday. Both the Sensex and Nifty rose for the third consecutive session. The recent monthly data on purchase managers’ index (PMI), goods and services tax (GST) and direct tax numbers, and automobile sales were better than expected. This, along with continued buying by foreign investors, has improved sentiments among investors. “The RBI (Reserve Bank of India) is likely to opt for a slower pace of hikes in forthcoming meetings. The country’s retail inflation is likely to moderate after hitting a peak recently. We expect a strong economic rebound, normalised commodity prices, inflation within the targeted range and better visibility in the near term,” said Mitul Shah, head of research at Reliance Securities. Market Live Updates: Sensex up 350 pts; Nifty around 17,950; IT, realty stocks lead rally Factors behind the rise Macroeconomic data: The government will reveal the Index of … [Read more...] about Here is why the markets are popping higher

Stock pickers will have fun through the next few months, believes Shrikant Chouhan of Kotak Securities. "Whenever the market is under the influence of news flows from global markets, we see action or momentum shifting to mid-cap and small-cap stocks from large-cap companies," says Chouhan, based on his 24 years of experience in equity and derivatives research. The executive vice-president of Kotak Securities, who also heads the team of fundamental and technical analysis research, told Moneycontrol that they are positive on Reliance Industries where the strategy should be to buy on dips. Excerpts from the interview: What are the charts of Reliance Industries telling you ahead of its Annual General Meeting? Close For several weeks, volatility has been largely controlled. Actually, since May 2022, the stock is trading within a trading range of Rs 2,365 and Rs 2,820. In July, the stock fell to Rs 2,365, however, it rebounded from there, which is an indication … [Read more...] about MC Interview | Shrikant Chouhan of Kotak Securities bullish on RIL, says stock pickers to have fun over next few months

Trigyn Technologies | CMP: Rs 115.65 | The stock rallied more than 6 percent after its subsidiary Trigyn Technologies, Inc has received an enterprise task order agreement for providing citywide systems integration services, Class I, from the City of New York (City), Department of Information Technology & Telecommunications. The order is for six years. Stock valuations are not cheap anymore, a fact that has pushed many investors to the sidelines and wait for a dip to enter the market. Some believe now is the time to book profits so they can deploy the proceeds when the market corrects. Any potential market correction hereon will probably be because of the hawkish tone of the US Federal Reserve on interest rates to control inflation and stagflation worries in the world’s biggest economy. At such a point in time, smallcap and midcap indices have outperformed the benchmark Nifty50 of the National Stock Exchange and the BSE Sensex. Let us dive deeper into the reasons why … [Read more...] about MC Explains | Why midcaps, smallcaps are burning brighter than Nifty50

By Ashutosh Joshi, Abhishek Vishnoi and Akshay Chinchalkar The sharp rebound in Indian stocks, driven by an inflow of foreign cash and expectations for continued economic growth amid a worsening global macro backdrop, may be running out of steam. The nation’s key stocks gauges have catapulted back to near-record levels, with the S&P BSE Sensex up about 12% this quarter, among the world’s best performers. The rapid ascent has made some investors uncomfortable, and a number of indicators are flashing warning signs. “The current momentum in the equity markets can sustain, but we would advise investors to raise some cash at the current levels,” said Naveen Kulkarni, chief investment officer of Axis Securities Ltd.’s portfolio business. He suggested investors can re-deploy funds in case of a market correction. Here are four charts that spell trouble for India’s stock rally: Close Monthly inflows to domestic mutual funds have been slowing recently. In … [Read more...] about Four charts show rebound in Indian stocks may run out of steam

Buzzing Stocks (Representative) Six of the top-10 most valued firms suffered a combined erosion of ₹2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities. Last week, the Sensex fell 952.35 points or 1.59 per cent. While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC suffered erosion from their valuation, ICICI Bank, State Bank of India, Adani Transmission and Bajaj Finance were the gainers. The market valuation of TCS tanked ₹76,346.11 crore to ₹11,00,880.49 crore. Infosys lost ₹55,831.53 crore from its valuation which remained at ₹5,80,312.32 crore. Close The market capitalisation (mcap) of Reliance Industries declined by ₹46,852.27 crore to ₹16,90,865.41 crore and that of Hindustan Unilever fell by ₹14,015.31 crore to ₹5,94,058.91 crore. HDFC's valuation dipped ₹4,620.81 crore to ₹4,36,880.78 crore and that of HDFC Bank … [Read more...] about Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

The Nifty extended gains for the second consecutive session on September 20, tracking positive Asian counterparts and closed 1.1 percent, or 194 points, higher at 17,816. The rally was across sectors, with the Nifty Pharma emerging as the biggest gainer rising 3 percent followed by auto, banking & financial services and metal indices. The index formed a decent bullish candlestick pattern on the daily charts. If it closes decisively above 17,820, the Friday's high, and sustains in following sessions then 18,000-18,100 on the Nifty can't be ruled out in the near term, with crucial support at 17,400-17,500, experts said. "The Nifty had started to gap up and remained range-bound during the day. On the higher end, 17,900 has acted as resistance leading to a close near the day's low," Rupak De, Senior Technical Analyst, LKP Securities, said. Also read: Sensex, Nifty gain over 1% despite volatility and profit booking Close The trend will likely remain … [Read more...] about Technical View | A decisive close above 17,820 can push Nifty above 18,000, say experts

The risk-to-reward trade-off is currently not in favor of further equity investments and we suggest investors wait for better levels to re-enter the markets, Nitin Bhasin , Head of Research, Ambit Capital, said in an exclusive interview with Kshitij Anand of Moneycontrol. Q) What are your views on the market which hit 10,000 peaks and has delivered about 22 percent return so far in the year 2017? How is the second half of the year expected to pan out? Do you think it is time for investors to book some profits and buy again on dips? A) We do believe the Indian markets are currently overvalued especially in light of elusive earnings growth. On the back of stretched valuations and limited investable opportunities, we increased allocation to cash (now at 20% portfolio weight) in our recent G&C portfolio as well. With GST led disruption likely to continue affecting earnings over the next couple of quarters we have no reason to believe that earnings growth will pan out … [Read more...] about [email protected] probably not the right time to enter markets, shift allocation to cash: Ambit Capital