M&M was the top gainer in the Sensex pack, rallying nearly 6 per cent, followed by Bajaj Auto, Titan, Bajaj Finance, HDFC Bank and PowerGrid.
On the Sensex chart, NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv and Bjaja Finance were among the major laggards, shedding as much as 1.63 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
On the Sensex chart, Axis Bank, Titan, IndusInd Bank, HDFC Bank, Dr Reddy's, HDFC and Asian Paint were major losers.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
His portfolio was worth Rs 12,333 crore at the end of June 2018. It was worth Rs 10,633 crore at the end of the September quarter. Smallcaps account for the largest number of his stock-picks. Such a fall has now happened for the third quarter in a row.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
Stock market minnows put up a stellar show in 2021 giving returns of up to 60 per cent amid Dalal Street dream run and are likely to continue sailing northwards in the New Year too. Trumping pandemic-induced uncertainties, the Indian equity market posted stunning gains this year achieving several feats and smaller stocks benefited the most from the strong momentum. From reaching the momentous 50,000-mark in January to scaling 61,000-level in October, the BSE Sensex had an epic journey this year.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI.
Global pension funds have started investing aggressively in primary market offers. Till recently, they were not looking beyond some of the largest Indian listed companies.
Data shows of the 385 companies, which had announced their latest shareholding, fund houses cut their stake in about 200.
Sectorally, bankex suffered the most by dropping 2.62 per cent, followed by finance 2.44 per cent and realty 1.63 per cent. On the other hand, telecom was among the top sectoral gainers, rising 4.60 per cent. IT index rose 2.62 per cent.
The stock markets, which had opened in the green on rate cut hopes, tumbled after the monetary policy announcement.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual funds-related queries.
ICICI Bank topped the Sensex gainers' chart, spurting 5.09 per cent, followed by L&T, Bharti Airtel, Vedanta and Tata Motors, rising up to 4.60 per cent.
Both the indices closed at five-month highs, led by financial services, IT and metal stocks, amid persistent foreign fund inflows.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
Ambareesh Baliga of Karvy Stock Broking says he would be comfortable with a 800-1000-point correction to start buying into the markets.
The markets have opened on positive note despite of worries in Middle East countries and mixed trade in Asian markets
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Mixed global cues and decline in crude oil prices further dent the sentiments.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
The rupee fell to a two-year low of 64.84 against the US dollar.
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Positive cues from the global market front aided the rally.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Sensex in green, JSW climbs higher.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
