ICICI Bank extended yesterday gains, rising 10% in two trading sessions
Ashok Leyland, ITD Cementation India have more than doubled.
The country's mutual fund industry posted five per cent growth in average assets under management (AUM) to touch all-time high of Rs 8.68 lakh crore in May on the back of strong inflows into money market and income funds.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Benchmark share indices ended lower for the third straight session as investors turned cautious amid tensions in Iraq even as consumer durables shares stole the limelight tracking rally in gold prices.
The US FOMC concludes its two-day meeting today while the Bank of Japan will start its two-day meeting today.
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.
Sensex remained volatile through the day.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
The consolidated entity can target good growth FY18 onwards, analysts say.
Average monthly searches for 'bull market' have gone down significantly from May-June peak.
Indian economy is doing well and the performance of domestic stock markets is not as bad as that of other nations.
Event-based volatility could rise in the near future, increasing arbitrage opportunities.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Pharma stocks have performed well after Budget
Financial Technologies hogged the limelight after the stock plunged 65% today.
RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
The broader markets were battered heavily. BSE Mid-caps and Small-caps indices fell between 1-2% on the BSE.
India Inc will report good set of numbers in Q4.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
Markets finished lower for the sixth consecutive day as hopes of the Goods and Services tax (GST) bill being passed in the current session of the Parliament faded considerably.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
The 30-share Sensex lost 54 points at end at 27,086 and 50-share Nifty shed 19 points to close at 8,096.
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Movement of rupee and crude oil prices will also dictate the trend
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
But much depends on govt action & global economy; Sensex gains in 2070 the biggest in five years
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today.
Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
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