The NSE Nifty touched a high of 5,127, and ended with a gain of 64 points at 5,118. Mahindra & Mahindra soared over 6% to Rs 671. Sterlite surged 5.4% to Rs 852.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
Smaller stocks have continued to give higher returns to equity investors so far this fiscal, significantly outperforming bigger peers on indices. The BSE smallcap index has zoomed 7,333.47 points or 35.51 per cent, while midcap index has jumped 5,096.41 points or 25.25 per cent so far this fiscal. In comparison, the 30-share BSE benchmark Sensex has gained 9,797.78 points or 19.78 per cent.
The present consolidation can be used to buy into some fundamentally good blue chips including select PSU banks that have lagged the general market, says Sonali Ranade
Ganesh Puja in Alibag taluka is about simplicity and minimalism. It's about quiet devotion too.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
Red Bull were talking to Volkswagen about a Formula One partnership before a diesel emissions scandal seemingly scuppered plans, team boss Christian Horner said on Friday.
Investor wealth grew by Rs 3.41 lakh crore on Tuesday as markets made a dashing comeback after two days of losses. The 30-share BSE Sensex soared 834.02 points or 1.72 per cent to close at 49,398.29. Following the upbeat sentiment, the market capitalisation of BSE-listed companies jumped Rs 341,846.01 crore to Rs 1,96,19,149.34 crore.
The sensex has reached an all-time high on the election hope rally.
Temper greed with plenty of caution, warns Sonali Ranade
HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
Year 2021 was another great year for fund-raising through equities. A total of Rs 1.8 trillion was raised through initial public offerings (IPOs), qualified institutional placements (QIPs), and rights issues, against the Rs 1.7 trillion raised in the previous year. Funds raised through IPOs quadrupled, while those from rights issues and QIPs reduced.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
The RBI is expected to build reserves so the source of primary liquidity creation is backed by forex reserves.
There are a few factors that can spoil the party
On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. On the other hand, Dr Reddy's, Tech Mahindra and TCS were among the laggards.
Investors should use the rally to clear the garbage and create a cash cushion. Correction in the mid-cap space could be very brutal, says Sonali Ranade
'Earnings revival could be two quarters away.'
A lot of gains have been driven by foreign portfolio investors. Lower interest rates globally have forced foreign investors to seek avenues for growth. They have been net buyers to the tune of Rs 2.5 trillion over the trailing 12 months, including May, reports Sachin P Mampatta.
Rumours of which tycoon is close to which minister will soon start floating, and those could affect prices in the short term.
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach
'It is less dependent on imported capital.'
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
The structure of the rallies that unfold will determine if they make new highs or not, and there is scope for new highs, says Sonali Ranade
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
How many mutual funds should an investor have in his or her portfolio? Advisors generally agree that three to four mutual funds is all that you need in your portfolio. But there is something more if you need to buidl a solid MF portfolio for the long term.
tailwinds of a remarkable year and handsome investor returns, Indian equities are set for an eventful journey in 2024, with a slew of local and global cues -- varying from interest rates to Lok Sabha polls to geopolitical happenings. Analysts are of the view that the bull run in the domestic equity market will continue, and over the next 3-6 months, the benchmark indices -- Sensex and Nifty -- could climb up to 7 per cent. In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent, and the NSE Nifty climbed 3,626.1 points or 20 per cent.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Mutual funds (MFs) added systematic investment plan (SIP) accounts at a record pace in 2023 with the net additions in the calendar year surpassing 15 million - 24 per cent higher than the 2022 tally of 12.2 million, according to data from the Association of Mutual Funds in India (Amfi).
A gold bull market this year or the next is highly unlikely.
The Nifty's put-call ratios are very bearish.
The market breadth was positive on BSE with 1,525 gainers and 1,164 losers.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
