Benchmark equity indices Sensex and Nifty rebounded from early lows to settle higher on Wednesday following buying in Reliance Industries, Larsen & Toubro and ITC and positive trends in Asian and European markets.The 30-share BSE Sensex rose by 173.22 points or 0.26 per cent to settle at 66,118.69. The index opened lower and fell further to a low of 65,549.96 in morning trade. However, buying in Reliance, L&T, Infosys and Maruti helped it recover losses.
Later it jumped 226.8 points or 0.34 per cent to a high of 66,172.27.The Nifty gained 51.75 points or 0.26 per cent to end at 19,716.45. It moved between a low of 19,554 and a high of 19,730.70 in day trading.Among the Sensex firms, Larsen & Toubro, ITC, Sun Pharma, Maruti, Reliance Industries, Axis Bank, IndusInd Bank and Hindustan Unilever were among the gainers.Titan, State Bank of India, ICICI Bank, HDFC Bank, Tata Steel and Nestle were the major laggards.
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GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 66.00 points or 0.29% at 22,638.00 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Thursday, the NSE Nifty 50 gained 19.50 points or 0.09% to settle at 22,493.55, while the BSE Sensex closed 33.40 points or 0.05% higher at 74,119.39.
Stocks to watch on March 11, 2024
Reliance Industries
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Hindalco, Godrej Consumer Product, Apollo Tyres, Radico Khaitan, NHPC, Maruti Suzuki, Eicher Motors, LIC Stocks To Watch: Realty Stocks, Lupin…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap up opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 40.50 points or 0.17% at 24,245.50 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 rose 131 points or 0.55% to settle at 24,142, while the BSE Sensex jumped 443 points or 0.56% to close at 79,476.
Stocks to watch on July 2, 2024
Coal India
State-owned Coal India Ltd (CIL) on Monday announced that it has recorded coal production of 189.3 million tonnes (MTs) in the first quarter ending June FY2025, posting a growth of 7.9 per cent in comparison to 175.5 posted during the same period last year. This was 13.8 MTs more in volume terms compared to the corresponding quarter of FY 2024.
Stock…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 33.50 points or 0.15% at 22,081.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended down by 141.90 points or 0.64% to settle at 22,055.05, while the BSE Sensex plunged by 434.31 points or 0.59% to 72,623.09.
“Markets took a breather after six days of advance and shed over half a percent. After the flat start, Nifty oscillated in a narrow range in the first half however a sharp cut in the final hours pushed the lower. It finally settled closer to the day’s low at 22,055.05 levels. Most sectors traded in sync with the benchmark and edged lower on profit taking wherein IT and energy were among the top losers. The broader indices too witnessed a d…
What a difference a year makes. Twelve months ago, I published a 2021 appraisal of crypto that focused on NFT art, with the blockchain artist and pioneer Rhea Myers contending that “creativity on every level is the highest I’ve ever seen.” Bitcoin and Ether were worth more than three times what they are now. Sam Bankman-Fried had recently been anointed the “world’s richest 29-year-old” by Forbes.
Since then, crypto has embarked on a long and brutal fall in terms of market value and public perception. Following the collapse of Bankman-Fried’s crypto exchange FTX, many people now consider the technology nearly synonymous with scams. The saga has threatened the mettle of even the most devoted members of the space. NFT trading volume is a fifth of what it was at the end of last December, and about $2 trillion—that’s with a “T”— has been lost from the crypto market since peaking near $3 trillion.
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– By Atul Garg
In recent years, Mutual Funds have emerged as the backbone of the Indian Investment landscape, maintaining an upward growth trajectory with net inflows increasing by 93% reaching a high of Rs 25,616 crore in November 2023. Furthermore, by offering diversification of the investment portfolio, along with delivering higher returns in comparison to other conventional savings instruments, Mutual Funds have increasingly become the preferred mode of investment for Indian investors.
Adding more to its already surging popularity, investing in Mutual Funds also comes with the advantage to leverage them as collaterals in order to avail loans, during periods of financial turmoil. Although Loans Against Mutual Funds might be an unheard concept for many but with proactive participation of NBFCs and Fintech sector, it is becoming a compelling choice for investors seeking immediate financial solutions.
Active funds base…
Shares of One97 Communications, the parent firm of Paytm, settled 19 per cent lower on Thursday, a day after the company announced it would focus on high-ticket lending and go slow on loans that are less than Rs 50,000. The scrip of the company nosedived 18.74 per cent to close at Rs 660.70 apiece on the NSE.
On the BSE, Paytm shares tumbled 18.69 per cent to end at Rs 661.30 per share. During the day, the scrip of Paytm plunged 20 per cent to hit the lower circuit of Rs 650.65 and 650.45 per piece on BSE and NSE, respectively. On the volume front, 3.68 crore shares were traded on the NSE, and 48.50 lakh shares changed hands on the BSE, during the day.
At the end of the session, the 30-share BSE Sensex fell 132.04 or 0.19 per cent lower to settle at 69,521.69 points, while Nifty slipped 36.55 points to 20,901.15. On Wednesday, One97 Communications, which operates under the Paytm brand, said it will focus on high-ticket loans and go slow on loans that are le…