With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
However, IT stocks fell on weak growth forecast by Gartner
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.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Rebound in IT majors TCS and Infosys in late trades helped markets end higher.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
Nifty saw the biggest weekly gain since the first week of September and comfortably maintained its crucial 8250 levels in today's session
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
Muted quarterly earnings, mixed cues from global markets and unabated foreign fund outflows added to the volatility
Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
Bank shares were the top losers after sharp gains last week.
Banks stocks continued to trade weak along with FMCG major ITC.
The 50-stock NSE barometer Nifty finished 22.50 points, or 0.21 per cent, down at 10,526.20
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
'The market position from here on is expected to go up'.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
The BSE IT sector, however, failed to snap a three-day losing streak and closed around 0.14 per cent lower.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth