Stocks to watch- ONGC, Coal India, Glenmark Pharmaceuticals, SAIL
Stocks in Focus: GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45.
Also Read
“Reflecting the mixed global sentiments on account of a more than expected fall in Chinese exports, highlighting a continued slowdown in global trade, the Indian market is mired to a range bound trend. Though cues from the Fed Chair’s speech have reduced the likelihood of a rate hike in the near term, leading to an ease in US treasury yields and calming the market. However, headline inflation remains above the US central bank’s target. FI…
Stocks may face selling pressure after lock-in expiry
Shares of Life Insurance Corporation of India (LIC) declined marginally on Monday by around 0.30% at the exchanges. However, the decline wasn’t very high given the fact the 20% or 1265 million of the company’s outstanding equity became eligible for trading since the lock-in period ended.
The shares of India’s largest insurer declined 0.26% on BSE and 0.30% on NSE, to close at Rs 606. The stock has already fallen nearly 31% from its listing price of Rs 875.25, and declined 36% from its issue price of Rs 949. It has declined about 8.82% in a year. The shares of LIC were subdued because its numbers declared recently did not enthuse many investors. The net premium declined 19% year-on-year to Rs 1.07 trillion in the second quarter ended September. The profit after tax for the quarter stood at Rs 7,930 crore.
Also Read
However, LIC is not the only company which w…
SEBI introduces T+0 settlement- A look at how this short settlement mode will impact shareholders
In a move aimed at increasing liquidity in the market, the Capital markets regulator Securities and Exchange Board of India (SEBI) will launch the beta version of the T+0 settlement on an optional basis from March 28, 2024.
Announcing the introduction of the new and optional settlement cycle, SEBI said, “The Board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers. In parallel, SEBI shall continue to do further stakeholder consultation, including with the users of the Beta version.”
Also Read
The Board will review the progress at the end of three and six months from the date of implementation and determine further steps, SEBI said while considering the shareholder’s feedback. The decision was taken at the 204th Board meeting of SEBI…
Markets close flat! Nifty below 24,600, Sensex holds 80,400
Indian equity indices ended on a flat note on Monday. The Nifty 50 rose 31.50 points or 0.13% to settle the day’s trading at 24,572.65. The Sensex settled 12.16 points or 0.02% lower at 80,424.68. Reliance Industries, TCS, Tata Steel, Hindalco, and NTPC were the top five major contributors on Monday.
Sectoral Index
The Bank Nifty rose 148.55 points or 0.29% to end the session at 50,368.35. Outperforming the overall markets, the Nifty Midcap 100 settled 105 points or 0.18% higher at 57,760.90. In the broader markets, smallcap and midcap stocks closed in the green.
“The Indian market failed to catch up with the initial gains as there is a degree of profit booking witnessed in auto stocks due to a slowdown in demand. However, oil stocks gained momentum with the reduction in windfall tax on crude oil. The recent healthy US economic data diminished the likelihood of a US recession, while a slide in the dollar index supp…
Every ‘Barbie’ Partnership That We Could Find
Your social media feed has probably seemed a lot pinker lately than normal. That’s exactly what Mattel and Warner Bros. intended. Ahead of Barbie’s release on July 21, anticipation for the film—and the ongoing Barbiecore trend—has reached a fever pitch. Even brands that don’t have an official collaboration with the movie are subtly rolling out lines of pink yoga gear or rose-colored travel bags. But, as a Mattel executive reminded me in an interview for TIME’s cover story on Barbie, Barbiecore “didn’t just happen.”
The studio and the toy company have partnered with a dizzying number of clothing brands, haircare companies, and even pool float businesses to stamp Barbie’s favorite color on their products. The Copyright Office in the Library of Congress has registered more than 2,000 Barbie-related works including dolls, games, and songs for the movie, according to public records.
Read Mor…
Stocks To Watch- Wipro, LTIMindtree, RVNL, Torrent Pharma, BHEL
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap up opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 181 points or 0.80% at 22,680 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 rose 736 points or 3.36% to settle at 22,620.35, while the BSE Sensex jumped 2,303 points or 3.20% to close at 74,382.
Stocks to watch on June 06, 2024
Wipro
IT services major Wipro has completed over 2,000 client proofs of concept (POCs) in artificial intelligence (AI), with an additional 300 underway, Sanjeev Jain, chief operating officer at Wipro told FE. “Wipro has made significant progress in identifying potential applications across all sectors we engage with,” he said.
Stocks To Watch: Zomat…
Stocks to Watch- Hindustan Unilever, Cochin Shipyard, Hindustan Aeronautics, Alkem Laboratories, Siemens
Stocks in Focus: GIFT Nifty traded up 285 points or 1.40% at 20,638, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 advanced 0.67% to settle at 20,267.90, while the BSE Sensex added as much as 492.75 points to 67,481.19.
“A new Bull Phase with a clear support for growth awaits the market following a strong mandate for the ruling party at the Center in 3 out of 5 state poll results. A stable political environment could further boost investors’ confidence and drive the markets higher, with the possibility of benchmark Nifty attaining 20,500-20,800 levels going ahead appears bright. Optimistic global trends including signs of foreign investors making a comeback in domestic markets are major factors that will drive the upward movement going forward,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
Also Read