Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490

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F&O strategy: Bull spread recommended on BEL for February expiry

Nandish Shah of HDFC Securities recommends to Buy BEL 195 CALL and simultaneously Sell 200 CALL of the February expiry.

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Buy Nifty FMCG on dips; Metal to gain strength above 8,100, suggest charts

According to Ravi Nathani, an independent technical analyst, technical indicators such as RSI and MACD are signaling potential for a technical pullback in the near term on the Nifty FMCG index.

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India's stock market value to reach $10 trillion by 2030, Says Jefferies

The nation's market, currently the world's fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%

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Nifty Energy: Look for opportunities to sell on rise; Pharma seems sideways

On the upside, the Nifty Energy index is likely to face resistance around 39,650, says Ravi Nathani, an independent technical analyst.

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Stock markets snap six-day winning streak; Sensex slumps 434.31 points

Equity benchmark indices Sensex and Nifty broke their six-day winning run on Wednesday and settled with a steep fall amid fag-end selling triggered by a rush for profit booking and mixed global cues. The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434.31 points or 0.59 per cent lower at 72,623.09 points. It touched the intra-day low of 72,450.56, down 0.83 per cent from previous closing level of 73,057.40 points. Similarly, the broader Nifty also paired all its intra-day gains before closing 141.90 points or 0.64 per cent down at 22,055.05 points. The 50-share barometer had hit a lifetime peak of 22,196.95 points on Tuesday and remained mostly in the upward trajectory on Wednesday. In the Sensex pack, 20 stocks ended in the red while 37 of the Nifty constituents closed the session with losses. NTPC was the biggest loser among the Sensex constituents, ending with a loss of 2.71 per cent. It was followed by PowerGrid, Wipro, HCLTech, L&T and Tech ...

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Gautam Chhaochharia appointed as UBS's head of global markets in India

Chhaochharia began his stint at UBS as an analyst covering midcaps and became the head of research in 2013

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Gold price dips Rs 10 to Rs 62,550, silver falls Rs 100 to Rs 75,400

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,340

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Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company

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Gold jumps Rs 10, silver down Rs 100; yellow metal trading at Rs 62,680

The price of 22-carat gold also jumped Rs 10 with the yellow metal selling at Rs 57,460

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Bias for Nifty PSU Bank turns negative, can dip up to 5%

On the upside, the PSU Bank index is likely to face resistance around 7,280 to 7,350, says Ravi Nathani, an independent technical analyst.

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Strong Q3 performance stokes more upgrades than downgrades, shows data

Analysts raised 2023-24 (FY24) earnings estimates for 49 per cent of 162 companies

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Gold price declines Rs 10 to Rs 62,390, silver falls Rs 100 to Rs 76,400

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,190

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Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out

According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is 'sell on rise'.

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Realty sentiment index moves upward as financial institutes remain bullish

Real estate developers and financial institutions are bullish on their outlook for the property market for the next six months and expect the high demand to sustain its momentum, according to a Knight Frank and NAREDCO report. Real estate consultant Knight Frank and realtors' body Naredco on Sunday released their 39th edition of Real Estate Sentiment Index for Q4 2023 (October-December 2023). As per the report, the current sentiment index score remained in the optimistic zone, rising to 69 from 59 in the third quarter of 2023 calendar year. The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions. A score of above 50 indicates 'optimism' in sentiments, a score of 50 means the sentiment is 'same' or 'neutral'. The score below 50 indicates 'pessimism'. The future sentiment score, which indicates stakeholders' outlook, has also increased from 65 in Q3 2023 to 70 in Q4 2023, driven by general optimism about the Indian

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Hybrid mutual funds scheme gain popularity, attract Rs 20,634 crore in Jan

Hybrid mutual fund schemes have been gaining popularity among investors, attracting Rs 20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds. With this, total inflow in the category reached Rs 1.21 lakh crore in the April-January period of the current financial year (FY24). However, hybrid schemes saw outflow in the same period of the preceding financial year. Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold. The category has been attracting regular inflows since April 2023, after a change in taxation for debt funds that kicked off in the same month. Before that, the segment saw a net withdrawal of Rs 12,372 crore in March last year. According to the latest data with the Association of Mutual Funds in India (Amfi), hybrid schemes witnessed an

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Mcap of 6 most valued firms fall by Rs 71,414 cr; LIC, TCS biggest laggards

The combined market valuation of six of the top-10 most valued firms eroded by Rs 71,414 crore last week, with state-owned company LIC emerged as the biggest laggard. Of the top-10 most valued firms, Life Insurance Corporation of India (LIC), Tata Consultancy Services (TCS), ITC, Hindustan Unilever, Bharti Airtel and Reliance Industries faced a total erosion of Rs 71,414.03 crore. On the other hand, State Bank of India, Infosys, HDFC Bank and ICICI Bank were emerged as the gainers. They collectively added Rs 62,038.86 crore. However, in last week, the BSE benchmark climbed 831.15 points or 1.16 per cent. The market valuation of state-owned insurer LIC fell by Rs 26,217.12 crore to Rs 6,57,420.26 crore. TCS's market valuation tumbled by Rs 18,762.61 crore to Rs 14,93,980.70 crore. The market capitalisation of ITC eroded by Rs 13,539.84 crore to Rs 5,05,092.18 crore, while that of Hindustan Unilever dimnished Rs 11,548.24 crore to Rs 5,58,039.67 crore. Market valuation of Bharti A

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Efficient Industrial Finance reports standalone nil net profit/loss in the December 2023 quarter

Sales reported at Rs 0.01 crore

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Gold price climbs Rs 10 to Rs 62,300, silver rises Rs 100 to Rs 75,700

The price of 22-carat gold also rose Rs 10 with the yellow metal selling at Rs 57,110

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Crypto currencies have no underlying value: RBI exec director Vasudevan

Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central bank official said. The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. "Crypto currencies cannot be called currencies as they don't have any underlying value," P Vasudevan, an executive director at the RBI, said during a panel discussion organised by IIM-Kozhikode here. Ultimately it is a call that the government has to take on how to tackle crypto currencies, the official said. Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. In the backdrop of the action against Paytm Payments Bank and curbs imposed on some international card providers, Vasudevan said self-regulation can protect the fintech sector better. He also said that mechanisms could be looked at to highlight bad behaviour.

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Nifty Energy to face stiff resistance at 40,000; Pharma seems range-bound

According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is trading in overbought zone, hence some reversal can be anticipated.

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Julius Baer India gets over Rs 300 cr; Juniper Hotels IPO opens Feb 21

Juniper Hotels, which runs hotels under the Hyatt brand, on Thursday fixed the price band of Rs 342-360 per share for its Rs 1,800 crore initial public offering (IPO)

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Nifty IT, Auto: Key levels to watch out for on these two indices

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is likely to face stiff resistance between 38,000 - 38,125.

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Investors subscribe Vibhor Steel Tubes IPO 101 times on day 2 of bidding

The initial public offer of steel pipes manufacturer Vibhor Steel Tubes Ltd was subscribed by a whopping 101.30 times on the second day of bidding on Wednesday. The IPO received bids for 36,39,20,733 shares against 35,92,445 shares on offer, garnering a 101.30 times subscription, as per NSE data. The portion for non-institutional investors subscribed 252.07 times, while the quota for retail individual investors (RIIs) received 90.11 times subscription. The category for qualified institutional buyers (QIBs) subscribed 8.52 times. On Monday, Vibhor Steel Tubes collected nearly Rs 22 crore from anchor investors. The price band has been fixed at Rs 141-151 per share. The IPO will close on Thursday, February 15. The Haryana-based Vibhor Steel Tubes's initial public offering (IPO) comprises a fresh issue of equity shares with a face value of Rs 10 each, aggregating to an issue size of up to Rs 72.17 crore through the book-building route. Proceeds from the issue will be utilised for wor

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Swiggy may file papers with Sebi for IPO in 2 weeks to raise Rs 8,000 cr

The food delivery giant has been intensifying efforts to achieve profitability as it prepares for the IPO

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Here's how to plan your trades in Nifty IT, Auto indices

According to Ravi Nathani, an independent technical analyst, the Nifty IT index seems range-bound on charts, while auto in a declining trend.

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Portfolio management service schemes outperform in January, shows data

The analysis considered 97 schemes which have the Nifty 50 Total Returns Index as its benchmark. Around 73 outperformed in January

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Sebi cautions investors against unregistered cos promising assured returns

Capital markets regulator Sebi on Tuesday cautioned investors against placing money with unregistered entities promising assured or exceptionally high returns on investments. While investing in the securities market, investors have been asked to conduct due diligence, verify the registration status of any entity claiming to be a Sebi-registered intermediary, and also verify enforcement action taken by the regulator against any entity. "Investors should be cautious of any entity that promises assured or exceptionally high returns. The principle of 'higher returns come with higher risks of losing your money altogether' holds true in the securities market," Sebi said in a statement. It further said that investments offering high returns usually involve high risk, including fraud risk, and there can be no guarantees of assured returns in the securities market. This cautionary statement came after the Securities and Exchange Board of India (Sebi) observed a rising trend of unscrupulous

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MSCI rebalancing exercise likely to drive $1 billion in domestic stocks

Despite the positive trigger, shares of NHPC, NMDC, PNB and Bhel fell sharply on Monday amid a broad-based selling in shares of PSUs

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Gold dips Rs 10, silver down by Rs 100; yellow metal trading at Rs 62,940

The price of 22-carat gold also declined by Rs 10 with the yellow metal selling at Rs 57,690

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Stocks to Watch today, Feb 12:ONGC, IRCTC, JSW Grp, DRL, Easy Trip Planners

Stocks to Watch on Monday, February 12, 2024: Shares of Apeejay Surrendra Park will get listed on stock exchanges on February 12

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Large-cap mutual funds infuse Rs 1,287 crore in Jan on profit booking

Investors flocked to large-cap oriented mutual funds with influx of Rs 1,287 crore in January, making it the highest fund infusion in 19 months, as a significant run-up in small and mid caps prompted them to book profit. This is a huge turnaround following a net outflow of Rs 281 crore in December. Also, the quantum was 80 per cent higher than inflows of Rs 716 crore in January last year. The latest inflow helped push the asset base of large-cap equity category by 26 per cent to Rs 3 lakh crore at January-end from Rs 2.38 lakh crore a year ago. According to latest data by Association of Mutual Funds in India (Amfi), equity mutual funds focused on large-cap received inflow to the tune of Rs 1,287 crore in January. This was the highest level since July 2022, when the category saw an inflow of Rs 2,052 crore. Given the significant run-up in small and mid caps, investors are booking some profits and rebalancing into large-caps, Kaustubh Belapurkar, Director - Manager Research at ...

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M-cap of four most valued firms jumps Rs 2.18 trn; LIC, SBI lead gainers

Four of the top-10 most valued firms together added Rs 2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and SBI were the gainers. They collectively added Rs 2,18,598.29 crore in market capitalisation. On the other hand, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever and ITC faced erosion from their valuation to the tune of Rs 1,06,631.39 crore. Last week, the BSE benchmark declined by 490.14 points or 0.67 per cent. Market valuation of LIC jumped Rs 86,146.47 crore to Rs 6,83,637.38 crore. The share price of LIC on Monday jumped nearly 6 per cent to hit the Rs 1,000 mark for the first time. SBI added Rs 65,908.26 crore, taking its valuation to Rs 6,46,365.02 crore. Market valuation of TCS climbed Rs 61,435.47 crore to Rs 15,12,743.31 crore and that of Reliance

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FPIs on bullish stance; infuse over Rs 15,000 cr in debt market in Feb

Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed. "The main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Himanshu Srivastava, Associate Director - Manager Research, Morningstar

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Oriental Nagpur Betul Highway Pvt standalone net profit declines 54.13% in the December 2023 quarter

Sales decline 5.06% to Rs 95.24 crore

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Gold down by Rs 10, silver declines Rs 1,000, trading at Rs 73,500/kg

The price of 22-carat gold declined by Rs 10 with the yellow metal selling at Rs 57,990

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F&O strategy: Bull spread on Bank Nifty for the weekly expiry

Nandish Shah of HDFC Securities recommends to Buy Bank Nifty 45000 PUT and simultaneously sell 44500 PUT of the 14-Feb expiry.

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Divergent trend seen in Nifty FMCG, Metal and Realty; check key levels

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG exudes a bullish short-term trend; while the Metal and Realty indices suggests a sell strategy.

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Mutual fund equity deployment tops Rs 1 trillion in 5 months, shows data

The MF deployment in equity funds is linked to the investor inflows into equity and hybrid funds. In the last two months, equity schemes have received a net of Rs 38,800 crore

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Sebi proposes ways for deregistered offshore funds to dispose of securities

A discussion paper is the first step taken by the Securities and Exchange Board of India (SEBI) before it finally changes its rules for market entities

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Mankind Pharma promoters to divest 1.62% stake to comply with Sebi norms

The current aggregate promoter and promoter group shareholding as on February 7 is 76.50 per cent of the total paid-up equity share capital of the company

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Nifty IT, Auto Indices: Look bullish on charts, await dips to enter

According to Ravi Nathani, an independent technical analyst, the Nifty IT index may face resistance around 38,380 and 39,360; while hurdle for the Auto index is placed at 20,450.

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Sebi issues guidelines for returning draft document of public issues

Markets regulator Sebi on Tuesday came out with guidelines for returning the draft offer document for public issues and its resubmission in a bid to provide greater clarity and consistency in the disclosures as well as for timely processing. In a circular, Sebi said the draft offer document for public issue or rights issue of securities will be scrutinized based on the broad guidelines specified by it and accordingly, such document will be returned to the issuer for resubmission. Under the guidelines, the draft offer document is required to be prepared in simple language with visual representation of data to ensure ease of understanding of its contents and the information needs to be presented in a clear, concise, and intelligible manner. The draft offer document needs to avoid complex presentations; vague and ambiguous and imprecise explanations; repetition of disclosures in different sections of the document and inconsistency in the data or facts provided in different sections of

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Stock market LIVE: Asian stocks mostly fall as US 10-yr yield spikes

Stock market LIVE updates on February 6, 2024: At 7:15 am, the Gift Nifty futures were nearly flat at 21,808

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Wall Street snubs China for India in a momentous shift in global market

Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination

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Should you buy or sell Nifty PSU or Pvt Banks? Here's what charts recommend

According to Ravi Nathani, an independent technical analyst, the Nifty PSU index is current exhibiting a range-bound pattern; whereas Pvt Bank seems weak.

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Stock market LIVE: Asia dips as Fed Powell says imminent rate cuts unlikely

Stock market LIVE updates on February 5: At 7:15 am, the Gift Nifty futures were 40 points lower at 21,909 levels

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Nifty, Bank Nifty: Wait for confirmed breakout from trading range

According to Ravi Nathani, an independent technical analyst, the Nifty is moving in a trading band of 21,650 - 22,000.

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Market resilience in a pill: Pharma's formula for Q3 earnings upgrades

Rx for returns: Pharma firms' dominance in market recovery prescription

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FPIs investment in debt market over 6-year high at Rs 19,800 cr in January

Foreign Portfolio Investors (FPIs) have injected over Rs 19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index. On the other hand, they pulled out Indian equities worth Rs 25,743 crore last month owing to surging bond yield in the US. According to the data with the depositories, FPIs made a net investment of Rs 19,836 crore in the debt markets in January. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. Before this, FPIs injected Rs 18,302 crore in the debt market in December, Rs 14,860 crore in November, and Rs 6,381 crore in October. "Indian fixed income markets witnessed robust net inflows from FPIs to the tune of USD 2.39 billion in January on the back of inclusion of Indian government bonds in the JP Morgan Index," Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, .

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RBI interest rate decision, global trends to dictate stock mkts: Analysts

Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8. The Q3 quarterly results season will continue to remain in focus. Bharti Airtel, Power Grid, Nestle, Lupin and Tata Power will announce their results this week," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices, Gour said. Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored, he added. "With the US Fed and interim Budget now behind, all eyes w

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National Highways Infra Trust standalone net profit rises 13.33% in the December 2023 quarter

Sales rise 15.05% to Rs 305.81 crore

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4 IPOs to hit the market next week; Aadhar Housing refiles IPO papers

Capital Small Finance Bank (Rs 523-crore issue), Small Finance Bank (Rs 570 crore) and Rashi Peripherals', (Rs 600 crore) IPO opens on February 7, while Apeejay Surrendra Park's Rs 920-crore IPO opens

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Downtrend on charts for Nifty FMCG, Nifty Pharma: Check key levels

The Nifty FMCG Index reveals a near-term downtrend on charts, with a support level expected around 53,725

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Budget: EY India analyses movement of stocks, gives key reasons behind it

The Sensex closed the session at 71,645, marking a decline of nearly 107 points or 0.15 per cent

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Budget fails to enthuse markets: How the Budget affects key sectors

EY India takes a look at how top stocks fared on Thursday when Finance Minister Nirmala Sitharaman presented the Interim Budget for FY25

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Here are the most crypto-ready cities in 2024: New York leads, Tokyo worst

Los Angeles is the city with the most crypto ATMs (1810 ATMs) in the world.

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Equity markets up by 1% ahead of Budget, US Fed interest rate decision

Benchmark equity indices recovered their previous day's losses and closed nearly 1 per cent higher on Wednesday amid robust buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead -- the interim budget and the US Fed interest rate decision -- to derive further cues from. Reclaiming all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86 per cent to settle at 71,752.11. During the day, it zoomed 711.49 points or 1 per cent to 71,851.39. The Nifty climbed 203.60 points or 0.95 per cent to 21,725.70. "Nifty bounced back from a weak start and closed with gains of 204 points at 21,726 levels. Global markets will keenly await the US Fed's commentary on the rate cut timeline. On the domestic front, investor's focus will be on the Budget," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Among the Sensex firms, Sun Pharma, Tata Motors, State Bank of India, Mahindra & Mahindra, ..

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Equity markets tread K-shaped path, India's mcap to touch Rs 380 trn

Meanwhile, the broader markets showed no signs of cooling off despite concerns about frothy valuations

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Nifty PSU Bank in correction, Nifty Private Bank facing near-term downturn

The Nifty PSU Bank index is undergoing a correction phase, and a fresh buying momentum is anticipated only if it closes above 6,225, as per Ravi Nathani

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BLS E-Services IPO subscribed 16x; Epack shares drop 10% on debut

BLS E-Services, an arm of visa application outsourcing firm BLS International, had reported net profit of Rs 15 crore on revenues of Rs 156 crore during the quarter ended September 2023

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RIL drives markets to best day in 2 months; Sensex rises 1,241 points

RIL and HDFC Bank contributed to over half of these gains

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Gold prices unchanged at Rs 62,950, silver trading at Rs 76,000 per kg

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 57,700

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Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India

Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed's rate outcome on Jan 31 and the interim budget back home on Feb 1

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Nifty50: Near-term consolidation with negative bias on cards

Nifty outlook: Short-term charts unveil a cautious scenario, where a fresh bullish momentum is anticipated only beyond the 22,124 mark, as per Ravi Nathani

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FPIs take out Rs 24,700 cr from equities on rising bond yields in US

Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US. On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed. According to the data, Foreign Portfolio Investors (FPIs) made a net investment of Rs 24,734 crore in Indian equities this month (till January 25). Before this, FPIs made a net investment of Rs 66,134 crore in the entire December and Rs 9,000 crore in November. "The rising bond yields in the US is a matter of concern and this has triggered the recent bout of selling in the cash market," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. "The rally in global stock markets was triggered by the Fed pivot which saw the 10-year bond yield falling from 5 per cent to around 3.8 per cent. "Now the 10-year bond is back at 4.18 per cent which indicates t

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Markets to focus on Budget, US Fed policy in eventful week, say analysts

Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday. Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31. "Market is likely to consolidate further ahead of the US Fed interest rate decision where the Fed is expected to maintain status quo and give some hint with regards to rate cut timeline. Apart from this, BoE (Bank of England) monetary policy is also due coupled with a few key economic data releases which might keep markets volatile. "Further many heavyweights would be ...

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M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent. Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India were the laggards, ICICI Bank, Infosys and Bharti Airtel emerged as the gainers. The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore. LIC's valuation tumbled by Rs 20,682.74 crore to Rs 5,71,337.04 crore. The market valuation of TCS eroded by Rs 19,173.43 crore to Rs 13,93,439.94 crore and that of State Bank of India plunged by Rs 16,599.77 crore to Rs 5,46,989.47 crore. ITC's valuation diminished by Rs 15,908.1 crore to Rs 5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17

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Global stock index edges up, dollar falls after US inflation reading

The MSCI world equity index, which tracks shares in 49 nations, gained 0.12%, after earlier hitting its highest level in almost two years

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Gold price rises Rs 100 to Rs 63,050, silver jumps Rs 500 to Rs 76,500

The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800

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Faasos, Behrouz Biryani's parent Rebel Foods aiming to get listed in 2025

With this, Rebel Foods would become the country's first cloud kitchen business to go public

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Gold falls Rs 50, silver jumps Rs 700; yellow metal trading at Rs 62,950

The price of 22-carat gold witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,700

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Four companies get Sebi's approval to raise funds by launching IPOs

Entero Healthcare Solutions, JNK India, Exicom Tele-Systems and Akme Fintrade (India) have received markets regulator Sebi's approval to raise funds through initial public offerings. However, the Securities and Exchange Board of India has returned the IPO papers of Stallion India Fluorochemicals. As per the processing status of draft offer documents till January 19, the watchdog has approved the initial public offering (IPO) of the four companies. These four firms, which had filed their preliminary papers with the markets watchdog between June and October, obtained observation letters on January 16-19, an update with the Securities and Exchange Board of India (Sebi) showed on Thursday. In Sebi's parlance, obtaining observation letters means its go-ahead to launch an IPO. Going by the draft papers of Entero Healthcare Solutions, the IPO comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer For Sale (OFS) component of up to 85.57 lakh equity shares. Those

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Sensex surges 690 points to reclaim 71K peak, equity benchmarks rebound 1%

Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks. Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31. The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60. The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95. Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent. IndusInd Bank and PowerGrid closed with a gain of 3,60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others. On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent. A tot

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Gold price remains unchanged, silver declines Rs 500 to Rs 75,000

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800

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Bank Nifty, Financial Services Indices: Plan to enter near support areas

According to Ravi Nathani, an independent technical analyst, anticipated support levels on charts for Bank Nifty are identified around 44,600, 43,500, and 42,900.

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Medi Assist Healthcare shares surge 11%; Nova Agritech IPO subscribed 9.7x

The initial public offering (IPO) of Nova Agritech garnered nearly 10 times subscription on Tuesday, the opening day of the issue. Most of the bids on the first day came from individual investors

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Gold, silver prices unchanged; precious metal trading at Rs 75,500/kg

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800

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Increase import duty on paper, paperboards to 25% in Budget: Industry body

Domestic paper and paperboard manufacturers have demanded a hike in import duty to 25 per cent on paper products and the imposition of a quality control order in the upcoming Budget to discourage cheap inward shipments. The Indian Paper Manufacturers Association (IPMA), in a statement on Monday, said that in its pre-budget submissions to the government, it has urged for increasing the basic customs duty on the import of paper and paperboard from 10 per cent to 25 per cent as India's WTO Bound rate is 40 per cent on these products. The association has also asked for the issuance of quality control orders (QCOs) for different grades of paper to ensure the supply of quality products to Indian consumers and check the import of sub-standard products into the country. IPMA President Pawan Agarwal urged the government to keep paper and paperboard on the negative list while reviewing the existing FTAs (ASEAN, South Korea and Japan) and formulating new ones. He mentioned that any increase i

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India's sudden stock, currency market holiday risks denting global image

The inauguration of the Ram temple in northern India on Monday marks a new milestone in Modi's project of reshaping the country into a more avowedly Hindu nation

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Crude oil edges higher as geopolitics outweighs global demand concerns

The front-month U.S. West Texas Intermediate crude futures contract for February delivery was up 31 cents at $73.72 a barrel in tepid trade

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Singapore's crypto firm Terraform files for bankruptcy protection in US

Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million

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Gold, silver prices unchanged; yellow metal trading at Rs 63,050/10g

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800

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India's IPO market one of the busiest in world but it is also broken

It's the regulator's job to ensure that companies with reasonably solid prospects come to public markets and offer stock at a price that allows long-term wealth creation

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FPIs turn cautious, pull out Rs 13,000 cr from Indian stocks in Jan: Data

Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields. In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during the period under review, data with the depositories showed. According to the data, foreign portfolio investors (FPIs) made a net investment of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November. "There are two main reasons why FPIs turned sellers. One, the US bond yield started rising with the 10-year yield rising from the recent level of 3.9 per cent to 4.15 per cent triggering capital outflows from emerging markets," V K Vijayakumar, Chief Investment Strategist at Geojit ...

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Quarterly earnings, global trends to guide mkts in holiday-shortened week

Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya. Equity markets would also remain closed on Friday for Republic Day. "The interest rate decisions of the BoJ (Bank of Japan) and ECB (European Central Bank), along with the US GDP data, are anticipated to drive the market dynamics," said Vinod Nair, Head of Research, Geojit Financial Services. From the Q3 results front, Axis Bank, JSW Energy, Bajaj Auto, DLF, ACC and JSW Steel would announce their earnings this week. "This is a truncated trading week following a holiday on Monday and on Friday. Traders should stay light as earnings season would get in full swing leading to stock-specific actions largely. Moreover, interest rate decisions of the BoJ and the ECB is due this week

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Mcap of top 5 valued firms erode by Rs 1.67 trn, HDFC Bank biggest laggard

The combined market valuation of five of the top 10 valued firms eroded by Rs 1,67,936.21 crore last week, with HDFC Bank emerging as the biggest laggard. Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever and State Bank of India faced erosion in their valuation, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack. The market valuation of HDFC Bank eroded by Rs 1,22,163.07 crore to Rs 11,22,662.76 crore. Shares of HDFC Bank fell for the third day in a row on Friday, tumbling over 12 per cent, as investors deserted the counter after the company's December quarter earnings failed to impress the market. HDFC Bank shares bounced back on Saturday, climbing 0.54 per cent. Reliance Industries valuation fell by Rs 18,199.35 crore to Rs ...

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Hedge funds bring in record profits betting on 'catastrophe' bonds

Behind those record returns were bold bets on catastrophe bonds and other insurance-linked securities

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Ram Temple consecration: Stock, money markets to be shut on Monday

In a circular, the NSE said the currency derivative segment would remain closed on January 22

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Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part

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BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

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NHPC OFS booked 2.3x, institutional buyers bid for 802 million shares

Through the OFS, the government was looking to divest nearly 3.5 per cent stake in the hydropower firm

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Nifty Pharma, Nifty Energy eyeing correction on charts: Check key levels

Technical indicators for Nifty Pharma are aligning with the bearish sentiment as the RSI has declined to 59, signaling a potential downtrend, as per Ravi Nathani

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Stock Market LIVE: Hong Kong, China stocks extend fall in mixed Asia trade

Stock market live updates on January 18, 2024: At 7:15 am, the Gift Nifty futures were trading 150 points lower at 21,415 levels

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HDFC Bank slide triggers worst day for market in last 18 months

The latest decline in the markets wiped Rs 4.59 trillion off investors' wealth. The India VIX -- gauge of volatility -- rose to its highest since March 2023, ending at 15.08

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Stock market LIVE: Asia stocks dip; China Q4 GDP slightly below est at 5.2%

Stock market LIVE updates on January 17, 2024: Gift Nifty futures were down 150 pts at 21,860; China Q4 GDP grew 5.2 per cent YoY, slightly missing estimates. Hang Seng in Hong Kong sank 2.7 per cent

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Angel One shares tank after weak Q3; Jio Financial down nearly 7%

Shares of Jio Financial Services Ltd On the NSE, declined 6.48 % to Rs 249.45 per share.The company's market valuation eroded by Rs 11,372.38 crore to Rs 1,58,133.24 crore.In volume terms

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How India's stock and bond markets are turning into an inexorable force

Overseas investors will still have to contend with government policies that benefit from Russia's invasion of Ukraine, especially the purchase of Russian oil at discounted prices

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New milestone: Sensex, Nifty hit record highs as IT stocks extend gains

The Sensex crossed the 73,000 mark for the first time, the Nifty 50 index finished at 22,097

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Stock Market LIVE: Gift Nifty up 100 pts, signals gap-up open above 22,000

Stock Market live updates on January 15, 2024: Gift Nifty futures were up 90 points at 22,000 levels as of 7:15 am

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Nifty50, Bank Nifty: Sell on rise trading strategy ideal; check key levels

It's imperative to acknowledge the negative divergence indicated by the RSI, suggesting a cautious stance on Nifty50, says Ravi Nathani

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Consider regulatory sandbox approach to deal with crypto issues: GTRI

India should consider a regulatory sandbox approach to deal with issues related to crypto products and services, economic think tank GTRI said in its report on Sunday. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing. The Global Trade Research Initiative (GTRI) said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months. With the new US action, with ramifications on global capital flows, price of gold, foreign trade, it may not be possible to live with no regulation, it said. "India may consider adopting regulatory sandbox approaches, allowing for controlled testing of innovative crypto-related products and services. It may need to balance innovation with risk management and adapt advancements in blockchain

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M-cap of 5 of top-10 most-valued firms jumps Rs 1.99 trn; Reliance shines

Five of the top-10 most-valued firms added Rs 1,99,111.06 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-tandem with bullish sentiments. Last week, the BSE benchmark jumped 542.3 points or 0.75 per cent. Benchmark equity indices Sensex and Nifty surged over 1 per cent to hit their fresh all-time highs on Friday. While Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Bharti Airtel were the gainers from the top-10 pack, HDFC Bank, Hindustan Unilever, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the laggards, taking a combined hit of Rs 76,098.67 crore. Reliance Industries added Rs 90,220.4 crore taking its market valuation to Rs 18,53,865.17 crore. The valuation of TCS jumped Rs 52,672.04 crore to Rs 14,20,333.97 crore. Shares of Tata Consultancy Services climbed nearly 4 per cent on Friday after the company reported an 8.2 per cent growth in net income for the December quart

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Quarterly earnings, global trends to guide equity mkts this week: Analysts

Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results. Pre-Budget expectations are also likely to influence the sector and stock-specific movements," Santosh Meena, Head of Research, Swastika Investmart Ltd said. As the market gears up for the Budget, institutional flows will play a crucial role in determining its direction, he added. WPI inflation data for December is scheduled to be announced on Monday. "On the global front, macroeconomic data from the US and China, along with movement in the dollar index, US bond yields, and c

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Binance loses India traders to local companies it recently dominated

WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%

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Gold price rises Rs 120 to Rs 62,950, silver unchanged at Rs 76,000

The price of 22-carat gold rose Rs 100, with the yellow metal selling at Rs 57,700

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BNS Leading Crypto In India: Embrace Fee-Free Crypto Deposits & Trading Now!

New Delhi [India], January 12: The past few months have been a testament to the resilience and potential of the cryptocurrency market, transitioning from a prolonged bear phase to a promising bullish trend. At BNS, we acknowledge that our journey has not always been smooth, but our commitment to enhancing user experience remains unwavering. As the crypto market ushers in a new era of growth and optimism in 2024, we at BNS are excited to announce a series of groundbreaking initiatives designed to redefine the trading experience for our users. In our continuous effort to lead the industry with innovative solutions, we are introducing changes that not only cater to the evolving needs of our community but also set new standards in the world of cryptocurrency trading.

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After CLSA, Goldman eyes 'affluent India' play and identifies key themes

Identifies key themes like leisure, jewellery, out-of-home food, healthcare and premium brands as growth areas

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F&O strategy: Bull spread on Vedanta; recommends HDFC Securities

Nandish Shah of HDFC Securities recommends to Buy Vedanta 280 CALL and simultaneously sell 290 CALL of the January series.

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'Don't think world can afford cryptomania', says RBI Guv Shaktikanta Das

'I don't think the world or emerging markets can take a cryptomania like the Tulipmania, said the RBI Governor at Mint's BFSI Summit

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Jyoti CNC Automation IPO booked 38.5x on last day of subscription

Sebi warns Fortis for delaying disclosures about lawsuit in US

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'With 2 to 5% allocation Bitcoin good addition to investor's portfolio'

Die-hard equity pundits may have been denouncing cryptocurrencies as a giant scam but Bitcoin has emerged as a clear leader and having a small portion of digital currency in one's portfolio could be a smart move, claims a new book. In "Investing Decoded: Simple Path to Building A Portfolio in Millions", Anirudh Rathore provides a beginner's guide to acquiring the tools and mindset required to start securing one's financial future. Taking risks, according to the author, is a key part of investing. He encourages investors to see the market as a tool for long-term success and to stick to their choices rather than changing stocks frequently, which can hurt performance. Rathore, who taught himself to invest during the uncertainties of the pandemic, emphasises that one doesn't need a finance degree to start growing money. He suggests starting investing as soon as one starts earning, even if it's a small amount. "I know it sounds easier to say than to actually accomplish it but all those

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A fourth of FPI inflows in 2023 went into primary markets, shows data

Data provided by depository NSDL revealed that Rs 44,950 crore of the total FPI flows last year went into primary issuances

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Gold falls Rs 100, silver jumps Rs 200; yellow metal trading at Rs 62,950

The price of 22-carat gold declined by Rs 100, with the yellow metal selling at Rs 57,700.

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Nifty IT index trapped in consolidation range; Auto nears major hurdle

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen consolidating in the 35,300 - 34,400 trading range.

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Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains

A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year

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Nifty PSU Bank, Financial Services Indexes flash caution signal

According to Ravi Nathani, an independent technical analyst, the Nifty PSU Bank index hints of a peak at 5,920, while the Financial Services Index faces stiff resistance at 21,625.

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China blue-chip index stocks hit 5-year lows on Taiwan, US tensions

The CSI300 Index ended down 1.3%, its lowest closing level since February 2019. The Shanghai Composite Index declined 1.4% to end at its lowest since April, 2022

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Sebi gets more time in Sharpline case, DSP MF launches multicap fund

In March last year, Sebi had barred 24 entities from the securities market for manipulating share prices of two companies through misleading videos on YouTube channels

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Shares of Sula Vineyards soars 20% extending two day gains to 33.6%

Maharashtra accounts for about half of Sula's revenues and close to 60 per cent of its operating profit

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Gold, silver prices unchanged; yellow metal trading at Rs 63,270 per 10g

The price of 22-carat gold remained flat, with the yellow metal selling at Rs 58,000

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Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought

According to Ravi Nathani, an independent technical analyst, a breach of 21,500 could trigger a consolidation phase with a negative bias, with Nifty seeking support at 21,125, 20,700, and 20,350.

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Bond sales hit record pace as emerging markets see year of risks ahead

The rush this early in the year underscores a belief that interest rates are as low as they can get for some time to come

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FPIs infuse Rs 4,800 cr in equities in first week of Jan on economic boost

Foreign Portfolio Investors (FPIs) continued their buying spree and poured close to Rs 4,800 crore in the Indian equity markets in the first week of January driven by confidence in the country's robust economic fundamentals. Additionally, they injected Rs 4,000 crore in the debt market during the period under review, data with the depositories showed. With expectations of a prolonged decline in US interest rates in 2024, there is an anticipation that FPIs will likely escalate their purchase, particularly in the initial months of the New Year leading up to the general elections, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Further, FPI inflows into debt will also see acceleration in 2024, he added. According to the data, foreign investors made a net investment of Rs 4,773 crore in Indian equities this month (till January 5). This came following a massive investment of Rs 66,134 crore in December and Rs 9,000 crore in November. The latest flow ca

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M-cap of 6 of 10 most valued firms decline by Rs 57,408 cr; TCS takes hit

The combined market valuation of six of the top-10 most valued firms declined Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities. Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1. The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms. HDFC Bank's market capitalisation (mcap) declined Rs 20,536.48 crore to Rs 12,77,435.56 crore. The valuation of Hindustan Unilever fell Rs 10,114.99 crore to Rs 6,15,663.40 crore. The mcap of Infosys went down Rs 4,129.69 crore to Rs 6,36,222.11 crore, and that of ICICI Bank by Rs 1,608.05 crore to Rs 6,97,357.42 crore. The valuation of State Bank of India dipped Rs 89.24 crore to Rs 5,72,826.22 crore. However, the mcap of Reliance Industries jumped Rs 14,816.85 crore to Rs 17,63,644.77 crore while ITC added Rs 14,409

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Markets to take cues from quarterly earnings of TCS, Infosys, say analysts

Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices. "Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd. Infosys and Tata Consultancy Services (TCS) will announce their earnings on Thursday while the quarterly results of HCL Technologies and Wipro will be out on Friday. Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities Lt

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Mid, smallcap indices post best first five-day gains in three years

Equity markets rallied the previous year on the back of hopes of the Federal Reserve cutting interest rates by March

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Mobikwik refiles draft papers as it trims IPO size down to Rs 700 cr

Earlier in 2021, it had targeted to raise Rs 1,900 cr but withdrew due to weak market conditions

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Stock Market Live: Asian trade mixed; December jobs report in US awaited

Stock market live updates on January 5, 2024: The services PMI data for December will be on radar in trade today, besides stock-specific action; Dabur expects mid to high single-digit growth in Q3

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Nifty Realty, Nifty FMCG in overbought zone: Avoid fresh long positions

Investors may consider booking profits either at the CMP or during any subsequent rise in prices in Nifty Realty, as per Ravi Nathani

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Sebi appoints G Ram Mohan Rao as executive director for a period of 3 years

Rao will be handling the investigation department and the internal inspection department

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Stocks to Watch today, Jan 4: Adani Ports, NTPC, LIC, IT, Vedanta, OIL, IEX

Stocks to Watch on Thursday, January 4, 2024: The board of directors of Adani Ports and Special Economic Zone Limited (APSEZ) has approved raising funds up to Rs 5,000 crore

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Stock Market Live: Asian equities slide as Wall Street extends tech losses

Stock market LIVE updates on January 4, 2024: Bharat Forge will be in focus after class 8 truck orders in North America fell to 4 a month low of 26,620 in December

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Nifty IT, Nifty Auto: 'Sell on rise' strategy apt amid possible downtrend

Nifty IT Index is facing significant resistance around the 35,800 mark. The recent correction in the market has initiated a downtrend in near-term, as per Ravi Nathani

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Making Crypto Trading Accessible for All - An Inside Look at CoinEx's Take on Serving Global Traders' Needs for Diverse Trading Options

New Delhi [India], January 2: CoinEx, a cryptocurrency trading platform founded in 2017, aims to meet the diverse trading needs of investors globally and create a win-win industry ecosystem with its "User First" ethos. As the development of the cryptocurrency market enters a new phase where digital assets have become an integral part of global assets, CoinEx strives to provide simple, convenient, professional, and intuitive cryptocurrency products and services for investors worldwide.

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HDFC MF ramps up presence; PPFAS MF allows redemptions in liquid fund

The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli

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Stock Market Live: Asia trades tepid; Hang Seng dips 1%, Japan market shut

Stock market live updates on January 2, 2024: LIC has received a GST demand notice of Rs 806 crore. HUL has received similar tax notice worth Rs 447 crore

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Gold to maintain upward trajectory in 2024, ended CY23 with 15% return

Yellow metal to maintain its impressive run in 2024 on the back of triggers such as the moderation in US economic growth, expectation of rate cuts this year and continued buying from central banks

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Sensex, Nifty kick off new year on a flat note amid high volatility

Stock markets kicked off the New Year on a flat note with benchmark Sensex closing with modest gains of 31 points in a highly volatile trading session on Monday helped by buying in energy, services and telecom shares. The 30-shares barometer scaled new intraday record high of 72,561.91 before closing at 72,271.94, a gain of 31.68 points or 0.04 per cent over the last close. During the day, it hit a low of 72,031.23 and a high of 72,561.91. The broader Nifty also hit its all-time intraday high of 21,834.35 before settling higher by 10.50 points or 0.05 per cent at 21,741.90. As many as 22 Nifty shares advanced while 28 declined. Key stock indices remained volatile throughout the session as traders were indecisive in the absence of global cues, analysts said. "Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields. But profit booking was visible at higher levels as lingering concerns over Red Sea disruptions pose short-term risks to ..

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