In the Sensex kitty on Wednesday, Tata Motors emerged as the top loser falling 3.01 per cent, followed by Vedanta shedding 2.92 per cent. Other laggards include HUL, Kotak Bank, NTPC, Infosys, HDFC Bank, Bajaj Finance, Hero MotoCorp, ICICI Bank, Yes Bank, HDFC, IndusInd Bank and PowerGrid, falling up to 1.77 per cent.
The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
Institutional investors led by foreign portfolio investors have bought these shares.
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
Positive cues from Asian peers also uplifted the sentiment.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
The BSE Sensex gained 104.63 points to end at 33,147.13, while the broader Nifty spurted 48.45 points to finish at 10,343.80.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
HDFC Bank's 12-month forward price-to-book ratio is estimated to be the highest among 166 large and mid cap banks in Asia Pacific.
Analysts said retail investors are major participants in mid-cap and small-cap stocks and activity in this segment has increased over the past few months.
The market breadth, indicating the overall health of the market turned negative from positive
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
This is something that Modi's critics are reluctant to accept: He is the most popular leader that India has seen since Indira Gandhi, says Vir Sanghvi.
Savitri Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
The Nifty closed at 10,335.30, down 28.35 points, or 0.27 per cent.
Cipla is among the three Indian companies that signed a non-exclusive licensing agreement with US-based Gilead Sciences to make and distribute the latter's repurposed Ebola drug Remdesivir in 127 countries including India.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Investors booked profits in recent gainers
The polls are being viewed as a run-up to the general elections scheduled for May 2019 and will test the popularity of the government and its policies amid rising crude oil prices
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
'The velocity of the market correction in September was so fierce that 9 stocks declined for every one that advanced,' reveals Samie Modak.
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
The broader NSE Nifty too reclaimed the key 11,500-mark. It touched a high of 11,562.25, before finally settling at 11,536.90, showing a gain of 59.95 points, or 0.52 per cent.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
The Mumbai headquartered company also overtook Japanese carmaker Honda to occupy the fourth spot in domestic passenger vehicle market.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
The BSE Small-Cap Index (up 34 per cent) and the BSE Mid-Cap Index (up 28 per cent) have outperformed the Sensex (up 16 per cent) in the last two-and-a-half months, while the NSE Junior Nifty (up 25.4 per cent) and the NSE Mid-Cap Index (up 30.2 per cent) have beaten the S&P CNX Nifty (up 20.4 per cent) during the same period.
Contrarian stocks can help investors generate much higher returns than buying shares of companies that have shown consistent high growth for years.
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