Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Investors watch out for cues from the on-going winter session of the Parliament.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
Which were the five businesses Ratan Tata had great hopes for, but his successor failed to deliver?
The 50-share NSE Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
Bajaj Finance was the top gainer in the Sensex pack, rising around 11 per cent, followed by Titan, Tata Steel, SBI, M&M, HDFC, IndusInd Bank and Reliance Industries. On the other hand, Sun Pharma, Nestle India and UltraTech Cement were among the laggards.
The excise duty cut will translate into a reduction of Rs 9.5 a litre on petrol and Rs 7 a litre in diesel after taking into account its impact on other levies.
Mittal's wealth dropped with the Arcelor Mittal share price falling
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The BSE Mid-Cap index was currently down 1.25%
SBI was the top loser in the Sensex pack, shedding over 4 per cent, followed by Bajaj Finserv, Axis Bank, ONGC, ITC, ICICI Bank, Bajaj Finance, Kotak Bank and HDFC Bank.
China's debt is dangerously high at close to three times its GDP, with the ratio having nearly doubled in recent years, observes T N Ninan.
More than the story of any other footballer or athlete, Pele's life helped democratise his sport; made it the stuff of a widely shared dream. Shyam G Menon salutes the memory of the greatest footballer ever.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Vedanta was the biggest gainer in the Sensex pack, rising 4.40 per cent. PowerGrid, Sun Pharma, Yes Bank, Tata Steel, HDFC Bank, Bajaj Finance, ICICI Bank and Bajaj Auto too ended up to 4.12 per cent higher.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Investors sought to book profits at attractive valuations after recent run up in last few trading sessions.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
The Trump administration wants Prime Minister Modi to lower the trade barriers and embrace "fair and reciprocal" trade.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tata Consultancy Services, the $73 billion IT group, is India's biggest company by market value and four times the size of any other listed Tata entity
Top losers in the Sensex pack included Yes Bank, IndusInd Bank, Tata Motors, RIL, ONGC, Bajaj Auto, Vedanta, Tata Steel, TCS, HDFC Bank and ICICI Bank, which fell up to 3.29 per cent.
Steel major Tata Steel plans to become a partner in Canada-based New Millennium Capital Corp's $4-billion KeMag property, having iron ore reserves in excess of two billion tonnes.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Modi also said the people of India felt proud that President Xi has twice received him out of the capital.
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
The BSE Sensex zoomed 318 points to end at 33,351.57, while the broader Nifty spurted 88 points to 10,242.65.
In March, Tata Steel announced its intention to sell the entire 10.5 million-tonne UK assets.
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