Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Nifty ended at 5,607, down 4 points. The markets opened on a nervous note on the back of weakness across Asia and apparent profit-booking post the gains of the previous two sessions.
BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
Axis Bank was the top gainer in the Sensex pack, climbing 3.33 per cent, followed by PowerGrid, SBI, Bharti Airtel, ICICI Bank, Reliance Industries and Maruti.
The latest circular from BSE that sought to cap the price movement of select scrips, especially the mid-, small-cap segments, traded on the exchange is not without a reason. A quick calendar year-to-date price check on the stocks from the categories put under 'Add-on Price Band Framework' by the BSE reveals a total of 210 stocks have seen their market price more than double. Among individual stocks, SC Agrotech, Adinath Textiles, Waaree Renewable Technologies, Steel Strips Infrastructure, Unistar Multimedia, Texel Industries, Raja Bahadur International and Hindustan Everest Tools from the BSE's X and XT group have rallied over 500 per cent during this period. Topping the charts is Gita Renewable Energy, which has zoomed 3,964 per cent to Rs 272.35 now from Rs 6.7 as on December 31, 2020.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per cent.
The Nifty ended at 6011, up 31 points. The broader markets also moved in tandem; the midcap index ended at 7627, higher by 18 points and the smallcap index ended at 9354, up 29 points.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
Experts say, investors will be better off exiting them at higher levels and investing in stocks of fundamentally sound companies.
The Nifty gained 31 points to end at 5,592.
Mid cap stocks (and subsequently mid cap funds) have been the worst hit in the recent stock market crash. Investors who added mid cap investments to their portfolios without understanding their true nature are a dismayed lot. Typically, mid caps are presented as an opportunity to make quick money; sadly, investors are rarely made aware of the higher risk involved. While there is no doubt that if identified correctly, mid caps can contribute significantly.
Tata Steel was the top loser in the Sensex pack, sinking over 5 per cent, followed by SBI, IndusInd Bank, Bajaj Finance, HDFC Bank and NTPC. NSE Nifty tanked 371 points to 16,614.20.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Infosys, TCS and Wipro gained 1-3% contributing the most to the Sensex gains.
The markets ended lower on FII outflows and concerns over rising inflation.
PSU banks and OMCs among the top gainers.
However, weakness in RIL and ONGC dragged Nifty below 6,500.
Bajaj Finance was the top laggard in the Sensex pack, skidding over 2 per cent, followed by Kotak Bank, Nestle India, HDFC, M&M and ICICI Bank. ONGC was the top gainer, rallying around 8 per cent. NTPC, Asian Paints, Tech Mahindra, PowerGrid and IndusInd Bank were among the other winners.
The NIfty shut shop at 60,35, gaining 17 points. Market breadth was marginally positive. Out of 3,086 stocks traded, 1,548 advanced while 1,438 declined.
SBI reached its highest level since May 2011; ONGC and RIL also had a good day.
HDFC Bank, Tata Steel and Tata Motors among top losers for the day.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your 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.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
Capital goods and banking stocks catapulted the indices.
The markets snapped their three-day losing streak due to buying in index heavyweights and a rebound in IT stocks.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The 30-share Sensex ended flat at 21,833 and 50-share Nifty gained 7 points at 6,524.
The 30-share Sensex ended up 40 points at 20,891 mark and the 50-share Nifty ended up 14 points at 6,203 levels.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mid and small-cap stocks have been the stars of Indian stock markets this year. Recognising this, mutual funds have launched a plethora of schemes targeted at this universe of stocks this year.
TCS, ICICI Bank, Tata Motors and Tata Steel among the top losers for the day.
The Sensex closed flat at 11,149.17 up 4 points. The Nifty gained 6 points to close at 3260.
Banks and Capital Goods scrips among the top losers in noon deals.
Coal India moved higher by over 3% to Rs 263, despite of weak April-June (Q1FY14) results, on expectation of earnings improvement by going forward.
Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank. On the other hand, M&M, Infosys, Asian Paints, UltraTech Cement and Tech Mahindra were among the gainers.
The 30-share BSE Sensex is up 269 points at 9199. The NSE Nifty is up 82 points at 2714.
