Optimistic buying in blue-chip stocks ahead of release of industrial production data for July and retail inflation for August drove stocks higher.
Banking, realty and capital goods sectors-- the sectors which are more interest sensitive and hence battered for long now--were the winners today.
Manufacturing sector, which constitutes over 77 per cent of the index, showed a decline of 0.4 per cent in June as compared to a growth of 7.5 per cent in the same month last year.
The NSE Nifty ended at 4,399, down 70 points. Good first-quarter results by India's electric equipment maker BHEL and the third-largest software exporter Wipro did not impact the market.
The reasons were decreases in respondents' confidence in the economy and in employment conditions. Sentiments related to inflation fell sharply in August. Despite the expected increase in household income, the consumer spending index recorded a marginal decline. "The urban consumer in India is clearly telegraphing significant concern about the future of the Indian economy," said Sam Thomas, Boston Analytics' director of research and development.
During the month, inflation in vegetables shot up to 35.99 per cent, as against 26.10 per cent in October. Likewise, the prices of cereals and eggs grew at a faster pace of 3.71 per cent.
The 50-component Nifty closed at 10,214.75, a solid gain of 96.70 points, or 0.96 per cent
India has performed poorly in international patent filings last year compared to its neighbour China, according to data released by the Geneva-based World Intellectual Property Organisation.
Inflation may be flirting with double-digit figures, but Indians living in metros seem to be an optimistic lot with most of them expecting the employment scenario as well as the economic conditions to improve in the near term.
Huawei not only unveiled its Huawei Mate 30 series phones in Munic, Germany 19th September 2019 but also launched the Watch GT 2, FreeBuds 3 and Huawei Vision.
'New Delhi's rulers should be alert to lighting a dangerous tinderbox,' warns Sunil Sethi.
Referring to the base year, the exchange said it was due to stability of shares prices and its proximity to the current period (launch date) prompted it to choose 1978 79 as the base year.
Aggressive pricing and poor advice by investment bankers are the causes behind the IPO disaster of last month.
The sector, for long, has been a barometer of economic activity in any country. Demand goes up in a boom as people buy more homes and cars, and businessmen put up more commercial space and factories. Conversely, the demand slumps quickly in a slowdown.
An Assocham survey has predicted interest rate cuts by RBI following fears of recession and slowdown in industrial growth.
India's industrial production shrunk for the third straight month in December, dragged down by weak investment and consumer demand and pointing to continued sluggishness in Asia's third-largest economy.
Stick to disciplined investing. Do your homework thoroughly before committing your funds or you will be speculating. This is not advisable on both counts of managing risk and enhancing returns. Preferably, add companies that are leaders in their respective businesses. The companies should have reasonably decent prospects, sound management and strong entry barriers, apart from healthy financials that will help them tide the current rough patch.
The P-75 index, a subset of BSE 500 stocks, has severely underperformed the broader market across time horizons
Increasing opportunities and employee aspirations induced by robust economic growth have led to an unhealthy attrition rate, with services sector facing the maximum brunt, a study shows.
South Africa on Monday banned its national cricket and rugby federations from hosting or bidding for international tournaments for at least a year due to their failure to increase representation of black players.
"Steep rise in Sensex sometimes surprises me, sometimes worries me. I don't think fundamentals of economy changes day-to-day. Sensex is driven by corpus inflow of funds," he said while speaking at Hindustan Times Leadership Summit in New Delhi..
'I'm getting to play different characters now, from the ones in my earlier years, when I was a leading actor. Then, you fought with the villain and got the girl at the end of every film. Today, we have different shades of characters -- a man on wheelchair, a 13-year-old child, a mad character like mine in Shamitabh. The roles are wonderful.' Amitabh Bachchan gets ready for Wazir.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
The 30-share BSE Sensitive index or Sensex slipped below 13,000-mark. At 1450 hrs, Sensex was down 526 points at 12,936. a loss of almost 4 per cent compared to Thutsday's close.
The food you eat can determine the colour of your urine.
According to a majority of respondents in a survey conducted by FICCI, the BSE barometer's new achievement is likely despite the overall business confidence dipping to a five-year low and GDP growth slowing down to 8.9 per cent.
As the Indian retail sector booms with international retail giants gearing up for their Indian market foray, a study found that the average shrinkage rate(stock loss from crime or waste expressed as a percentage of retail sales) for India is 2.90 per cent of sales.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
The CMS study said a majority of the bribe money went to lawyers (61 per cent) followed by court officials (29 per cent) and middlemen (five per cent).
Leading business school graduates prefer better job profiles to handsome salary.
The BSE's 30-share barometer index continued its slide on Friday, fifth straight day, with a fall of 687.12 points led by sharp losses in blue-chips like RIL, DLF, ICICI Bank, Reliance Energy and Reliance Communications. The Sensex has lost 1,813.75 points in last five trading sessions, while investors' wealth -- measured in terms of cumulative market capitalisation of all the listed companies -- has declined by Rs 5,21,310 crore (Rs 5,213.1 billion).
The Bombay Stock Exchange benchmark Sensex crossed the 21,000 level in early morning trade for the first time on Tuesday on heavy buying by funds.
Heavyweights such as Coal India, L&T and SBI ran up losses, taking cues from overseas markets.
The stock market barometer Sensex on December 11 won over the 20,000-point mark after flirting with it for as many as 45 days -- the third longest courtship for a thousand-point milestone.
The BSE barometer, which had lost over 415 in the previous trading session, today moved up by 461.14 points at 14,944.97. Similarly, wide-based National Stock Exchange index Nifty rose by 130 points at 4,482.30. It touched the day's high of 4,558.00 and a low of 4,358.30 points.
The month kept its reputation as a wealth creator for the tenth year in a row, with a gain of Rs 53,000 crore.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
Government said on Thursday there was no fear of a stock bubble in the capital market as the benchmark sensex crossed the 12,000 points level for the first time.
Ongoing global events will obviously impact the stock markets through FIIs, but don't underestimate the role of economic growth in driving the Sensex.
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