Coal India was the biggest gainer on both Sensex and Nifty
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
TCS has done better than Infosys in sequential and yearly revenue growth so far this financial year.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Large and small businesses alike have delivered low-key performances.
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
Both the indices ended at their highest levels since February 1.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The index had risen over 585 points in the previous three sessions.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Metal shares were the top gainers with Hindalco up over 5%.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
Movement of rupee and crude oil prices will also dictate the trend
Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
Premiumisation, improving demand aid realisation growth at most large firms
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The rise in India Inc's market value was led by asset-light firms.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Top corporates have paid more advance tax in second quarter this year.
Benchmark indices plunge 4.7% in the first full week of 2016.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Monsoon is expected to be normal in June.
.jpg)
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
