Sensex surges 2,300 points as bulls take charge on Dalal Street
The S&P BSE Sensex was up 3.2% at 74,382.24, while the NSE Nifty50 gained 3.4%, to close at 22,620. Key Points
India TodaySensex, Nifty end lower amid wild swings on Dalal Street
The S&P BSE Sensex declined by 0.03%, to 75,390.5, while NSE Nifty50 declined 0.11% to 22,932.45. Key Points
India TodayMarkets rebound after 4 days of slump; Sensex rallies 599 pts
Stock markets rebounded from early lows to close higher on Friday, snapping the four-day losing streak on heavy value buying in banking and... Key Points
The Tribune IndiaNSE to introduce 4 new indices in capital, F&O segments from April 8
The Nifty Tata Group 25% Cap index consists of 10 companies, and is based on the free float market cap method, NSE said. The Nifty500 Multicap India Manufacturing 50:30:20 index will track the performance of select largecap, midcap, and smallcap stocks from the Nifty 500 index that represent the manufacturing theme. Key Points
Economic TimesNifty Bank closes above 47K after 10 sessions; may face resistance around 47,500 next week: Experts
The Nifty Bank gained 338 points to close at 47,124, while on the weekly front, the index rose 0.5%. The Nifty50 gained more than 200 points to close at 22,326 on Thursday. SBI, Bank of Baroda, PNB, and ICICI Bank were among the top gainers, while some selling was seen in IDFC First Bank, Axis Bank, and Bandhan Bank. Key Points
Economic Times
Picks of the day: Buy L&T, short UPL, says Rahul Sharma
Rahul Sharma's market insights cover Larsen & Toubro's potential breakout, market choppiness, smallcap and midcap index analysis, positive metal sector outlook, and Muthoot Finance's expected up-move amid cautious FMCG sector sentiment. In metals, Sharma's top picks on the long side are Steel Authority of India or SAIL as well as Hindalco. Key Points
Economic TimesNifty Smallcap follows LIFO model, be picky; 3 top ideas for the week: Kunal Shah
Kunal Shah highlights Nifty Smallcap's LIFO model and market volatility. Nifty index remains bearish, with strong support at 21900-21850. Nifty Bank sees resistance at 47000 and support at 46500. Consider SIP for investment strategies in the market. Shah also says: The support zone at 8200 could serve as an excellent opportunity to add new long positions across the entire basket of stocks. Key Points
Economic TimesStocks edge up ahead of US inflation test, yen slips
By Amanda Cooper LONDON (Reuters) - Global shares edged up on Tuesday ahead of U.S. inflation data that could confirm how soon the Federal Reserve might cut rates, while the yen tumbled after Japanese Key Points
ThePrintAsia stocks sputter before US inflation data; yen gains
By Kevin Buckland TOKYO (Reuters) - Asian equities were mostly weaker on Thursday, while the dollar and U.S. Treasuries were largely steady ahead of crucial U.S. inflation data that could provide Key Points
ThePrintAsian stocks firm before US inflation test; yen gains
By Kevin Buckland TOKYO (Reuters) -Chinese equities and most other regional stock markets climbed on Thursday, while the dollar held its ground against European rivals ahead of crucial U.S. inflation Key Points
ThePrintDollar droops as key US data looms; yen firms on CPI beat
By Kevin Buckland TOKYO (Reuters) - The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Key Points
ThePrintGlobal equities index sluggish with inflation in focus, oil climbs
By Sinéad Carew and Yoruk Bahceli (Reuters) -A global equities index fell slightly on Monday after hitting record highs last week, as investors took a breather ahead of the next batch of U.S. economic Key Points
ThePrintSensex gains 535 pts, Nifty hits new high on bullish sentiment
The 30-share benchmark Sensex and the broader 50-share NSE scaled new heights on Thursday following a bullish sentiment, which analysts say, was propelled... Key Points
The Tribune IndiaIndia’s economic activity remains strong, HSBC Flash PMIs show
The services purchasing managers’ index rose slighly to 62 from 61.8 in January, while the manufacturing index increased to 56.7 from 56.5. The composite index climbed to a seven-month high of 61.5. Key Points
Business TodayBloomberg panel favours India G-secs in EM index
Following the advisory committee's favourable recommendation, the process now goes to the relevant global index body, one of the people said. Their product teams are working out modalities of facilitating inclusion by September or October. Key Points
Economic Times
Smallcap index down over 3% in February so far; time for bottom fishing?
BSE Smallcap index is down over 3 per cent in February so far, while Sensex is down 0.3 per cent. Key Points
mintPSUs lose Rs 4 lakh crore in 2 sessions, may fall more
The Nifty PSE (Public Sector Enterprises) index plummeted almost 4% on Monday, its highest single-day decline since January 23, when the index fell 4.3%. The index dropped 2.7% on Friday. Key Points
Economic TimesJapan’s Nikkei hits 34-year high, breaches 37,000 level for the first time since 1990
Among Japanese stocks, SoftBank Group share price jumped 10.73% to 8,139 yen after the company returned to the black in the October-December period following four consecutive quarterly losses. Key Points
mintUS markets hint at dour Monday open as traders temper rate cut bets
By Nell Mackenzie LONDON (Reuters) - Wall Street futures nudged lower on Monday and government bond yields surged off the back of geopolitical tensions, volatility in China and a scorching U.S. jobs Key Points
ThePrintNifty Bank closes below 45,900; next support seen at 45,000-45,400
The Nifty Bank index is likely to consolidate in a range and the big support for the index is placed at 45,000-45,400 levels, suggested experts. The Nifty50 closed below the crucial short-term moving average (50-DMA) on the daily charts for the 12th consecutive day in a row. The 50-DMA is placed at 46,652. Key Points
Economic Times
Should you book profit in certain pockets of market? This is what Prateek Agarwal has to say
Prateek Agarwal discusses the period of mid 20s growth in index earnings and advises looking at that period for knowledge. He mentions the structural shift in the equity market due to increasing per capita income. He also talks about the potential improvement in valuations of PSU stocks. Regarding Paytm, he highlights the lesson of avoiding businesses with strong regulatory oversight. Prateek shares his thoughts on the private banking space and the impact of interest rates on bank NIMs. He suggests booking profits in overheated sectors like railways, defence, and real estate due to over-exuberance. Key Points
Economic TimesStocks, dollar slip ahead of Fed decision on rates
By Herbert Lash and Tom Wilson NEW YORK/LONDON (Reuters) -World shares slipped on Wednesday, pulled lower by a slide on Wall Street, while Treasury prices rose as investors deemed the U.S. economy was Key Points
ThePrintDigital payments rise 10.94 pc annually at September-end 2023: RBI data
RBI's Digital Payments index (RBI-DPI) stood at 418.77 at end-September 2023 compared to 377.46 in September 2022 and 395.57 in March 2023. The index comprises five broad parameters that enable the measurement of the depth and penetration of digital payments in the country over different periods. Key Points
Economic TimesGlobal stock index edges up, dollar dips after US inflation reading
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI's global stock index barely rose on Friday while the U.S. dollar edged down after the U.S. Federal Reserve's favored inflation reading Key Points
ThePrintGlobal stock index edges up, dollar falls after U.S. inflation reading
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) -MSCI's global stock index was edging higher while Wall Street indexes slipped on Friday and the dollar fell after the U.S. Federal Reserve's Key Points
ThePrintGlobal stock index gains while US Treasury yields fall
By Sinéad Carew NEW YORK (Reuters) -MSCI's global equities index rose on Monday as Wall Street continued to feed on momentum that took it to a new record high last week, while the U.S. dollar index Key Points
ThePrintNifty Bank snaps 4 days of decline to reclaim 46K; next hurdle seen at 46,300
The Nifty Bank opened higher, but the momentum fizzled out soon, which took the index towards 45,640. The index bounced back in the second half to climb above 46,100 levels. Key Points
Economic TimesGlobal stocks steady before busy week, China skips rate cut
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) -Global stocks held steady on Monday, with U.S. markets closed for a holiday, while Chinese equities fell slightly after the country's central Key Points
ThePrintBloomberg proposes India gilts inclusion in EM Local Currency Index; seeks feedback
As a result, the Indian FAR bonds will be included in the EM Local Currency indices with an initial weight of 20% of their full market value in September. The weight of FAR bonds will then be increased in increments of 20% of their full market value every month over the 5-month period ending in January 2025, when they will be weighted at their full market value (100%) in the indices, Bloomberg said. Key Points
Economic TimesIndia's key infra sectors' growth slows to 7.8% in Nov from 12.1% in Oct
In November, India's eight key infrastructure sectors witnessed a year-on-year growth of 7.8%, down from the previous month's 12.1%, according to the Ministry of Commerce & Industry. The Eight Core Industries (ICI) index had grown by 5.7% in November 2022. Positive growth was observed in coal, electricity, fertilizers, natural gas, refinery products, and steel. Key Points
Economic TimesStocks edge up, dollar eases before long holiday weekend
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock indexes mostly rose while the U.S. dollar dipped to a near five-month low on Friday ahead of the long holiday weekend, with Key Points
ThePrintHigh risks, higher returns: How to invest safely in small-cap mutual funds
While potentially very rewarding, this small-cap fund space is known for sharp drawdowns and protracted recoveries. The fear is that investors could get their fingers burnt. Analysts explained how you should invest in small-cap mutual funds Key Points
Economic TimesUS stocks inch higher, dollar rebounds as rate cut fever wanes
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were mixed while the dollar rebounded and Treasury yields steadied near multi-month lows on Friday as market participants caught their breath near the Key Points
ThePrintRecord closing highs on D-St! Sensex surges 930 points on dovish Fed; Nifty near 21,200
From the Sensex stocks, Infosys, Tech Mahindra, Wipro, HCL Tech, IndusInd Bank, and Bajaj Finance were the top gainers, rising 3-4%. On the flip side, Power Grid, Nestle, JSW Steel, Maruti, and Asian Paints closed in the red. The rise in IT stocks comes after the Fed acknowledged it is making real progress in easing inflation while maintaining a rate pause. Key Points
Economic TimesTime to book profits in power stocks; India heading towards currency risk: Rohit Srivastava
“The RMI indicator that we use is giving sell signals on many of these key sectors so it is slightly difficult to take a bullish trade here. If at all, we will take one, we will possibly take a bearish trade and start with the index and, of course, the sectors which have moved up the most, then can give you a correction as well.” Key Points
Economic TimesStock market powers through challenges, Nifty gains 5.5 per cent
Mumbai (Maharashtra) [India], December 11 (ANI): The stock market maintained positive momentum, overcoming brief dips to ultimately close in green territory. The global and domestic markets rebounded impressively during the month, driven by a cheerful festive season and positive global cues. Show Full Article Investor sentiments were buoyed by a dovish Fed commentary and robust […] Key Points
ThePrintNifty50 hits record high, BSE Sensex surges on GDP growth data, exit polls
India Business News: Nifty50 reached a fresh record high as the Indian economy grew faster than expected in the September quarter. The economy expanded by 7.6%, surpassing Key Points
Times Of IndiaUS dollar bolstered by month-end buying despite data showing slowing economy
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The dollar gained on Thursday, boosted by month-end buying, despite data showing signs of a slowing U.S. economy that suggested the Federal Reserve may Key Points
ThePrintIndia’s growing heft in MSCI EM index: what it means for the market
India’s weightage is tipped to rise to 16.3% from the current 15.88% with nine fresh stock inclusions in the gauge Key Points
mintNifty 50 covered the entire October drop in last 10 sessions, up 3.59% in Nov so far
Nifty 50 surged by 3.59% in November, marking its most impressive monthly performance since April 2023. The rally was fueled by positive global and domestic cues, including the drop in the US inflation rate to 3.2% in October. Key Points
mint
India count in MSCI EM index now at 131
Country’s weight rises to 16.3%; index rejig may attract $1.5 bn Key Points
mintIndian equities to receive net $1.5 billion inflow with latest MSCI index rejig: Nuvama
Post changes, India will have 131 companies in the MSCI Emerging Markets Index, and the nation’s weight will reach an all-time high of 16.3 per cent, analyst Abhilash Pagaria wrote in a note. Key Points
mintIndia's weightage rise in MSCI Global index to boost foreign inflows after two years
By Bharath Rajeswaran and Kashish Tandon BENGALURU (Reuters) -Index provider MSCI raised India's weightage in its Global Standard (Emerging Markets) index to 16.3% from 15.9% on Tuesday, a move likely Key Points
ThePrintIndia's weightage climbs to its highest ever on MSCI Global Standard index
India's weightage in MSCI's Global Standard (Emerging Markets) index will move close to 16.3%, an all-time high, from the current 15.9%, after the index provider's November review. Key Points
ReutersSuzlon, BSE and CDSL lead rally in smallcap stocks
The index has jumped 1,219 points, or 9%, since October 26 against the 2.8% gains in the Sensex and the 3.1% advance in the Nifty. Six stocks contributed 469 points, or 38%, of the 1,219-point upside in the index. These included Suzlon Energy, BSE, CDSL, Global Health, MCX and Piramal Pharma. Three stocks - Suzlon Energy, BSE and CDSL - contributed 323 points, or close to 27%, of the up-move in the Small-cap index. Key Points
Economic Times
Global supply-chain pressure hits record low, NY Fed gauge shows
The NY Fed gauge has clocked negative readings for nine consecutive months. In October, the Fed bank's global supply chain pressure index fell to -1.74. Key Points
Economic TimesShriram Finance likely to replace UPL in Nifty50
Shriram Finance could witness an inflow of up to $250 million from the passive funds if included in India's biggest index. Domestic and global passive funds, such as exchange-traded funds (ETFs), structure their portfolios based on these indices. Key Points
Economic TimesIndia's eight core sectors' output grows by 8.1 pc in September 2023
New Delhi [India], October 31 (ANI): The combined index of Eight Core Industries (ICI) increased by 8.1 per cent (provisional) in September 2023 as compared to the index of September 2022, said an official statement from the Ministry of Commerce and Industry on Tuesday. The production of Coal, Steel, Electricity, Natural Gas, Refinery Products, Cement, […] Key Points
ThePrintHave patience and hold cash, market going to drop to 18,500 at least: Jai Bala
“When the market gets to about 18,500 to 18,400, I will evaluate the market at that point. That will be a decision point for me. It does look like the markets are going to drop below the 2022 low. But at the moment, I will keep that as an evaluator.” Key Points
Economic TimesBears Growl! Sensex tanks 600 points, gives up 64,000; Nifty tests 19,100
Among Sensex stocks, NTPC was the worst performer, followed by Infosys, Bharti Airtel and ITC. On the other hand, Tata Steel, Nestle India, SBI and Asian Paints were the only gainers. All sectoral indices traded in the green, with Nifty Metal craking the most, down over 2%. Realty index also tanked over 1.5% in the afternoon session. Key Points
Economic Times
Euro zone PMI hits lowest in nearly 3 years, stirs recession worries
The Eurozone is facing a broad-based economic downturn as business activity unexpectedly worsened this month, according to a survey. The flash euro zone Composite Purchasing Managers' index (PMI) fell to its lowest level since November 2020, indicating a possible slide into recession. The survey also revealed a decline in demand and a reduction in overall headcount. The services industry, which is the dominant sector, experienced a significant drop in demand. The manufacturing sector also contracted, with output and employment levels decreasing. Key Points
Economic TimesAsian shares hit 11-month lows; focus on US economic data
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.28% lower at 473.37, having touched 472.73 - the lowest since November 2022. The index is down 3% for the month and set for its third consecutive month in the red. Japan's Nikkei fell nearly 1%. Key Points
Economic Times‘You are an embarrassment!’: Opposition slams Smriti Irani for Global Hunger index remarks
As per the 2023 Global Hunger Index, India ranked at 111 out of the 125 countries with a score of 28.7, while Pakistan ranked at 102 on the index, with a score of 26.6. Key Points
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