Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The Sensex zoomed past the 3,800-mark and closed with a gain of 65 points at 3,807.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
The wider NSE Nifty too fell by 20.15 points or 0.19 per cent to end at 10,749.75.
After opening lower at 5,168, the Sensex slipped a bit to touch a low of 5,158. However, fresh buying at these lower levels led the index spurt to a high of 5,191
Bucking the overall downtrend, shares of RIL rallied nearly 10 per cent, capping the Sensex loss to a large extent.
The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have showed interest in buying a major stake in the private sector lender.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Mutual funds continued to buy into oil and gas, banking and finance, telecom, and media stocks in April
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
The markets opened in the positive terrain but slipped and are trading flat as selling was seen in banking and pharma stocks
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
The Sensex slipped into negative territory, after opening 14 points up at 7,765.
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Pune-based entrepreneur's unlisted company is already the largest vaccine manufacturer in the world and the networth has been helped by vaccine distribution and manufacturing potential of his business, it added. Recentrly, Serum struck an agreement with AstraZeneca to manufacture 1 billion doses of coronavirus vaccine being developed by Oxford University.
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman
Investors will remain cautious ahead of F&O expiry.
As the virus ravaged rural areas, the state BJP figured out it was impossible to underplay or escape its impact on its political plans.
