Tata Steel was the top gainer in the Sensex pack, rallying nearly 4 per cent, followed by Bajaj Finance, M&M, Bajaj Finserv and Reliance Industries. NSE Nifty advanced 33.95 points to a fresh high of 16,563.05.
In Q3, E&P business accounted for just 1.5% of gross revenue
The scrutiny is expected to be over this month itself.
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The 30-share BSE Sensex surged by 477.24 points or 0.83 per cent to close at more than one-week high of 57,897.48. As many as 28 of its constituents closed with gains while two declined. The broad-based Nifty of the National Stock Exchange rose by 147.20 points or 0.86 per cent to settle 17,233.45, tracking gains in Sun Pharma, Asian Paints, and Reliance Industries.
Experts prefer domestic consumption-driven plays and defensives such as information technology and pharmaceuticals
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.
In four days, Sensex has fallen by 5,815.25 points. From the 30-share pack, 22 companies closed the day lower, led by Bajaj Finance, Maruti Suzuki India, Axis Bank, M&M, Tech Mahindra and ONGC, plunging up to 10.24 per cent.
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While cost pressures could partly offset the expected gains, given the currency hedging by companies the gains will not accrue immediately.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Sebi's move to curb volatility didn't work for the market as rules were applicable for both long and short positions which makes difficult new long positions while short positions caused more price damage due to lack of liquidity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Overseas investors witnessed net inflow of Rs 24,563 cr in Feb
Three stockmarket experts give their best picks for the New Year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The markets will remain choppy ahead of RBI policy.
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a loss of 490.52 points or 1.71 per cent.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
Rupee movement, global cues key for stocks this week: Experts
Broader market outperformed the frontline indices and also hit their respective all-time highs
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
"This is a huge positive and is expected to bring in $8-10 bn capital in the industry."
Stock market investors on Friday became richer by over Rs 1 lakh crore as the share market rose and the benchmark Sensex galloped to a new closing high enthused by the clear win of Narendra Modi-led BJP in Lok Sabha polls.
Markets taking cue on future rate cuts from RBI policy.
Ajit Mishra answers reader queries on the stock market.
From July 1, retail investors can offer stocks through exchanges for de-listing, buyback and open offers
All shares held by SBI in the five associate banks will stand cancelled after merger.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
From inflation, central bank shifts focus to rupee stability and capital flows.
The Sensex ended in red on domestic concerns.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
Over two dozen companies have announced bonus issue so far in 2017
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