Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
The older Serena Williams gets, the more dominant she becomes. At 33, an age when most players start to fade, her grip on women's tennis looks as secure as ever.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
'Ms Williams has had multiple on-court implosions in the past and got penalised for them, too.' 'She cried sexism this time perhaps because she knew the atmosphere was ripe for it,' notes Shuma Raha.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The positive bias was aided by metal, realty and auto indices
The trend was visible in the early trade on Thursday as investors indulged in trimming their bets after the minutes of the US Federal Reserve's September meeting indicated a possible rate hike this year.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
Maria Sharapova made light of her long injury layoff by advancing to the last four of the WTA Finals with an unbeaten record in round robin play after the Russian breezed past Flavia Pennetta 7-5, 6-1 on Thursday, and booked a surprise passage to the semi-finals for Agnieszka Radwanska.
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
Investors widened their bets on optimism that upcoming general budget -- to be unveiled next month - would contain incentives for corporates, which will help boost the economy
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
The 43-year-old, whose longevity is a talked about tale in world tennis, said the line-up that Spain has presented for the Davis Cup tie against India is a must watch for every single budding athlete in the country.
'Tilting at the Government in English in front of India may make him feel like Joan of Arc, but without a feel for Bharat he will merely be Don Quixote,' says S Muraleedharan, former managing director, BNP Paribas.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
The 30-share Sensex ended 271 points higher to end at 28,930 and the 50-share Nifty climbed 76 points to close at 8,776.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Summary of sports events and persons who made news on Saturday
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.
The situation in Greece worsened with banks closed for a 2nd week.
The ATP issued the latest men's tennis rankings on Monday and the top 10 list remains unchanged with Serbian tennis ace Novak Djokovic still leading the rankings.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
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