Key Points
Even as the S&P BSE 500 index ended the holiday-shortened week with over 1% decline, only seven stocks managed double-digit returns led by IFB Industries and solar energy play Borosil Renewables..
The BSE 500 index ended 330 points lower on the week-on week basis at 30,669.27 and the market rout was led primarily by banks, IT, FMCG and realty stocks while pharma, auto and infrastructure counters restored some pride...
Zee Entertainment Enterprises, which has been grabbing headlines after Sony cancelled its merger deal and the company later approaching the National Company Law Tribunal (NCLT) seeking directions to implement the merger scheme, tanked 30%, the most by any company in the index...
The other major losers were Oberoi Realty, Tanla Platforms, Angel One, Restaurants Brand Asia and Cyient which fell between 14% and 10% while 46 stocks fell 5-10%..
Broader markets felt the heat as well, as the BSE 150 MidCap Index fell 1.3% over the previous week while the BSE 250 SmallCap Index ending flat though the bias was slightly positive..
You might be interested in
Stock market today: BSE Sensex crashes over 1,000 points; Nifty50 in red as HDFC Bank plays party pooper
17, Jan, 24India Business News: Stay updated with the latest stock market news. The BSE Sensex crashes over 1,100 points and the Nifty50 is in the red as Dalal Street sees a banking bloodbath. Get insights into the impact of HDFC Bank's Q3 results and the market's expected consolidation in higher zones with a focus on banking stocks.
Global stocks steady, lifted by Europe; dollar dips on China selling
10, Aug, 23By Herbert Lash and Naomi Rovnick NEW YORK/LONDON (Reuters) -Global stocks were steady on Wednesday, with European equities outperforming as Italy soothed market nerves about a windfall tax on bank
FII flows, IPO action among 9 factors that will steer D-Street this week
18, Feb, 24The market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields, said Santosh Meena, Head of Research, Swastika Investmart.
Smallcap rally steady despite high valuations as 52 stocks gain in double digits
10, Feb, 24As elevated valuations cap the upside in the broader market, smallcap rally was subdued but steady with 52 stocks gaining in double digits during the week. Mid and smallcaps had witnessed strong rallies over the past few months thus making valuations a little stretched.
Sensex jumps 700 points to conquer Mt 72K. Key factors behind the post-Christmas bash
27, Dec, 23UltraTech Cement ended over 4% higher, along with other cement stocks, after Nomura upgraded the sectoral outlook. Among bluechips, Hindalco and Bajaj Auto ended 4% higher while heavyweight HDFC Bank advanced 1%. The combined market capitalisation of all BSE-listed stocks rose by Rs 2.5 lakh crore to Rs 361.4 lakh crore.
Stock market today: BSE Sensex rises 300 points, Nifty50 above 21,700 as winning streak continues
20, Jan, 24India Business News: Read the latest stock market news about BSE Sensex and Nifty50. The Indian benchmark indices continue their winning streak with BSE Sensex rising 300 points and Nifty50 above 21,700.
Asian stocks slump as traders dial back rate cut bets
05, Feb, 24By Ankur Banerjee SINGAPORE (Reuters) - Asian shares fell on Monday and the dollar climbed after a robust U.S. jobs report dashed any expectations of a near-term interest rate cut from the Federal
Sensex surges 2,300 points as bulls take charge on Dalal Street
05, Jun, 24The S&P BSE Sensex was up 3.2% at 74,382.24, while the NSE Nifty50 gained 3.4%, to close at 22,620.
Stocks in Asia slip as China property sector worries weigh
30, Jan, 24By Ankur Banerjee SINGAPORE (Reuters) - Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices
Realty stocks may be losing momentum, warns Anand James of Geojit
18, Jun, 23Godrej Properties, Prestige Estates, and Brigade Enterprises led the 3.9% surge in the BSE Realty index last week. While momentum indicators such as RSI indicate an overbought situation for the stocks in the realty sector and some consolidation is needed, the overall outlook of the market remains bullish. Banking stocks such as ICICI Bank, HDFC Bank, and SBI pulled down Nifty Bank; while technical charts suggest momentum is missing in Bank Nifty, Nifty appears more positive. The BSE IT index faced a stock-specific drag with 48% of the index being dragged down by TCS and Wipro.