The Bombay Stock Exchange IT index has dipped almost 9% or 585 points at 6,210 compared to 1.56% fall in benchmark Sensex at 0917 hours.
Shares of Anil Ambani-led Reliance Communications and Reliance Infrastructure gained five per cent each on expectation that rate cuts would help lower the interest cost burden of these companies.
Appearing unruffled by over 600-point plunge in stock market on Thursday morning, finance minister P Chidambaram said every movement in the bourses did not require a comment.
Foreign institutional investors have pulled out over 5,307 crore (Rs 53.07 billion) from the stock market in the last six days, amid the Bombay Stock Exchange's benchmark index Sensex's continuous downward journey during the period.
Stock market listings in the ongoing turbulent phase have not only become a dreaded dream for corporates planning to raise money from public, but are turning out to be inauspicious for the benchmark Sensex too -- the trends on the bourses show.
Trading was suspended for one hour at the Bombay Stock Exchange after the benchmark Sensex fell to the low of 15,576.30 within minutes of opening, crossing the circuit limit of 10 per cent.
Ideally what investors should do is to start making investments in small amounts and at regular intervals.
IndusInd Bank was the top loser in the Sensex pack, plummeting over 23 per cent. PowerGrid, Kotak Bank, Bajaj Finance, HDFC Bank and NTPC also finished significantly lower. ONGC and ITC were the only stocks in the index that ended with gains. US President Donald Trump has proposed an economic package which could approach $1 trillion, a rescue initiative not seen since the great recession of 2008.
If the new Companies Bill becomes law, 10 of the 30 Sensex companies will have to look for new auditors.
Investors can take exposure in such schemes. Selection of funds, however, is very important
On the NSE, the stock tanked 10.19 per cent to a low of Rs 2,219.
Small cap stocks can sometimes surprise by yielding large returns to investors.
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
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The Indian capital markets continued the flamboyant journey in the fifth successive year and the bellwether Sensex entered into the elite 10k-club, rewriting history in many spheres during the year 2006.
The investors shouted slogans against Chidambaram, holding him responsible for the crash in the market on Tuesday morning.
Number of people with net worth of at least Rs 100 crore at 475 now.
Corrections are a part of the game and if you are a longer term investor and if you have spare cash I would use these large declines to pick up quality stocks, says market expert Pranav Sanghavi.
Hopes of global growth recovery supported risk-on sentiments.
With the Bombay Stock Exchange (BSE) benchmark Sensex racing towards its all-time high, retail and high net worth individual (HNI) investors are flocking towards public issues.
Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.
Despite headwinds, it remains "structurally bullish" on India and expects the Sensex to scale up to the 70,000-mark by December 2022; 80,000 level in a bull-case scenario and hover around the 50,000-mark as a bear-case, the brokerage house said in a report.
Rising crude prices and weakening global markets on Monday pulled down the benchmark index below 15,000 mark with the market dipping over 700 points due to heavy selling.
After the massive price volatility in Shekhawati Poly-Yarn, listed in January, the counter of Omkar Speciality witnessed wild price movements within a couple of days of listing.
The Prime Minister's Office came out with the denial of the rumour that Dr Singh has offered to resign.
Equity benchmark Sensex tanked over 1,000 points in the opening session on Friday tracking losses in index majors ICICI Bank, HDFC twins and Reliance Industries amid a negative trend in global markets.
The Bombay Stock Exchange could list on its own market this year either through an initial public offering or a direct listing, Rajnikant Patel, the group's chief executive, said. The move, part of efforts to reform India's second largest equities market after its demutualisation in 2005, comes as it seeks to raise its international profile.
India's richest business houses would like to forget 2008 in a hurry. The market capitalisation of the top 20 business houses fell a whopping 65 per cent (Rs 16.73 lakh crore) over the previous year, courtesy the mayhem in the stock markets, performing far worse than the Bombay Stock Exchange's benchmark Sensex (down 52.5 per cent) and the broadbased BSE-500 index (down 58.3 per cent).
Though SEBI adopted many other measures in 2007 to streamline the capital markets, it was its decision on P-notes, which gave a jolt to the capital market and evoked extreme reactions both in favour and against the move.
Analysts said retail investors are major participants in mid-cap and small-cap stocks and activity in this segment has increased over the past few months.
Though analysts suggest that there are downside risks to economy, by announcing/advancing general elections, markets would be able to look beyond uncertainty.
Tata Motors, Hero MotoCorp, Ashok Leyland, M&M are up 3-6% on BSE.
Though the overall cash level till July is not available, equity experts say cash holdings are on the rise.
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
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