Life Insurance Corp of India (LIC), which is aiming to launch its initial public offering (IPO) next month, is set to alter the pecking order of top listed companies in the country. Depending upon where the government prices the IPO, the stock could end up becoming India's most valuable company on the first day and even get fast-tracked into global benchmark indices given its sheer size. According to market sources, LIC's IPO is targeting to mop up Rs 63,000 crore and Rs 75,000 crore.
PSU banks and OMCs among the top gainers.
In an online chat with Get Ahead readers on October 9 Nithin Kamath, CEO, Zerodha.com answered readers' queries on how to trade in futures and options.
Coal India, ONGC, M&M and Tata Motors among the top losers.
Markets ended flat ahead of January F&O contracts expiry tomorrow. Markets closed flat with a slight negative bias after a volatile session that saw key benchmark indices move in a narrow range.
Last hour gains in HDFC Bank, Infosys and ONGC help the indices to end marginally higher.
The 30-share Sensex ended almost 115 points higher at 20,535 levels and the 50-share Nifty was up almost 35 points at 6,092 levels.
Mid-caps and small-caps indices of the BSE ended 0.8-0.9% higher, outperforming the benchmark Sensex and Nifty.
After opening higher, the markets continued to trade in the positive zone in the afternoon session as traders were encouraged by RBI governor Shaktikanta Das's statement that the new resolution framework is expected to give durable relief to borrowers amid the Covid-19 crisis, said Narendra Solanki, head-equity research (fundamental), Anand Rathi.
If losses from F&O, intra-day trades are below Rs 20,000-30,000, it's best not to claim them and opt for ITR-2.
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.
BSE mid-cap index slipped 0.6% at 6,266. Small-cap index held on to gains and traded unchanged at 6,034.
In the Sensex pack, gainers included HCL Tech, SBI, ITC, Bharti Airtel, Sun Pharma, Yes Bank, Axis Bank, TCS, Asian Paints, ICICI Bank, TCS, Bajaj Finance and Infosys, jumping up to 3.84 per cent.
Dr Reddy's was the top loser in the Sensex pack, shedding around 5 per cent, followed by M&M, Tech Mahindra, Axis Bank, IndusInd Bank and TCS. NSE Nifty sank 306.05 points to finish at 14,675.70.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
In a nearly 10-year-old case, Sebi on March 24 had banned Reliance Industries and 12 others from equity derivatives trading for one year, while accusing RIL of making 'unlawful gains'.
Benchmark indices gain 1% each led by private banks and index heavyweights
ONGC was the top gainer in the Sensex pack, rallying over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC, TCS, M&M, Infosys and Maruti. NSE Nifty soared 306.55 points, or 3.21 per cent, to 9,859.90.
After the preliminary examination, the market regulator found that certain entities, including Indiabulls, had executed irregular and non-genuine trades.
Nifty ended up 65 points at 4,779.
Tata Steel was the top Sensex gainer, up nearly 3%
L&T was the top gainer in the Sensex pack, spurting over 6 per cent, followed by Hero MotoCorp, HDFC Bank, IndusInd Bank, Maruti, HDFC and HCL Tech. On the other hand, ITC, SBI and Bharti Airtel ended in the red.
On the Sensex chart, Axis Bank, Titan, IndusInd Bank, HDFC Bank, Dr Reddy's, HDFC and Asian Paint were major losers.
Selling took hold at the start of October futures and options series in the derivatives segment as investors were concerned over the surging crude oil prices and escalating trade tensions between the US and China
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
The pattern of a very strong foreign institutional investors buying that over-compensated for selling by the domestic institutions continued. Incidentally, Indian operators and retail traders are also net sellers.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
Tata Motors was the biggest loser in the Sensex pack, cracking 4.56 per cent. Bajaj Finance, RIL, Yes Bank, NTPC and Tata Steel too fell up to 3.95 per cent.
National Stock Exchange on Monday announced the launch of India VIX, a volatility index being disseminated on a real-time basis for the first time.
The Nifty ended flat at 5,320. BSE market breadth remained positive through the day. Out of 2,978 stocks traded, 1,569 advanced while 1,298 declined.
Extended trading hours starting which started on Monday did nothing to boost the volumes on the bourses that opened nearly an hour earlier at 0900 hrs, as part of conscious efforts to align trade timing with the Asian markets.
Wait for a minor dip before making investments, says market expert Pranav Sanghavi. With the property markets expected to slump by 10 to 20% along with high interest rates make it a tough proposition for housing finance companies. Crompton could surely be lookd at with a 6 to 12 month outlook.
The broader 50-issue NSE Nifty slipped from its record closing, shedding 2.30 points or 0.02 per cent to end at 11,132.00.
India's National Stock Exchange has emerged as the fastest-growing bourse among the world's ten largest derivative exchanges as its total traded volumes nearly doubled in 2007. NSE registered a growth of 95.32 per cent in its F&O volume in 2007 to close to 380 million as against about 194 million in 2006. NSE's growth was the quickest among the ten largest derivative exchanges, followed by 50.36 per cent increase in trading volumes at Bolsa de Mercadorias & Futuros of Brazil.
Sebi has barred eight entities from the securities market for indulging in insider trading activities in the shares of Infosys. While imposing the ban till further orders on the eight entities, the watchdog also directed impounding illegal gains worth Rs 3.06 crore from two of them -- Capital One Partners and Tesora Capital. The entities have traded in the scrip of Infosys while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to Infosys' financial results for the quarter ended June 30, 2020, Sebi said in an interim order passed on Monday.
The NSE Nifty ended at 4,117, down 121 points. The breadth was negative, out of 2,810 shares traded, 1,452 declined, 1,326 advanced and 32 were unchanged on the BSE on Tuesday.
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