Interest rate sensitive stocks gain ground post decision
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Financials and auto stocks were the top losers while energy and IT shares recovered
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Head of state-run Indian Bank T M Bhasin had called for a CRR cut.
Shares of Kotak Mahindra Bank on Friday surged nearly 9 per cent after the private sector lender announced the acquisition of ING Vysya Bank in an all-stock deal valued at Rs 15,000 crore (Rs 150 billion).
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Sensex surged 486 points or 1.9%.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The broader Nifty, after touching a high (intra-day) of 10,555.50 points, finished at 10,539.75, up 84.80 points, or 0.81 per cent.
Automobile sector accounts for the third-highest equity mutual fund contributions.
Tata Group shares were among the top losers while Adani Ports emerged as the top gainer
Broader markers outperformed their larger peers.
Metals bucked the trend and shone across the board.
Ten Indian states contribute a lion's share of 95% or Rs 12.25 lakh crore.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
The markets had been on an upward trajectory since August 2013.
Investors can sell their entire equity and move to debt when stocks get expensive
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
Nupur was able to successfully build a prototype of a biomass briquette, an alternative fuel from waste materials.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The 30-share Sensex ended down 215 points at 27,011.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
The 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
