PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank.
Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI's decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent is expected to be for a short term, they added. This is the third consecutive rate hike after a 40 basis points and 50 basis points increase in May and June, respectively.
'Large-caps are better placed to withstand the impact of higher input cost inflation, rising rates and withdrawal of excess global liquidity.'
'If it weren't for Om Puri, a whole range of our big city experiences wouldn't have found their honest representations on the screen.'
Top gainers in the Sensex pack included Sun Pharma, Tata Steel, ONGC, UltraTech Cement, NTPC and PowerGrid.
'It has been a really important last few series for me to set the benchmark at the No. 4 position, which all of us are competing for at the moment'
The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively. This comes after four companies -- Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles-- launched their initial share-sales last week to mobilise Rs 3,614 crore. So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire 2021-22.
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red. Bajaj Finance was the biggest loser among Sensex stocks, dropping by 7.24 per cent.
Falling incomes and longer winter to translate into lower demand for at least some months.
Chinese President Xi Jinping is all set for an unprecedented third five-year term as he was 'elected' to the powerful Central Committee of the ruling Communist Party on Saturday while several top leaders including Premier Li Keqiang have been left out in the major shake-up at the top.
Rising for the fourth straight day, benchmark indices Sensex and Nifty settled marginally higher after a choppy session on Friday, tracking mixed global trends amid uncertainties on the geopolitical front. The BSE Sensex opened weak and declined 414.44 points to 55,049.95 in opening deals. But within minutes, it pared all its losses and jumped 369.56 points to 55,833.95. Facing volatility, the index finally settled at 55,550.30, higher by 85.91 points or 0.15 per cent.
Keeping the soul of the Lodha reforms in mind -- one person one post -- former Supreme Court judge Jain last month ruled that ex-India batsman Laxman and former captain Ganguly will have to choose one of the multiples roles they are performing at the moment including their commentary stints during the ongoing World Cup.
Market benchmarks gave up intra-day gains to close in the red for the sixth session on the trot on Friday, capping a bruising week which saw a massive dash for safety amid rate hikes by global central banks and fears of slowing growth.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. NSE Nifty soared 245.35 points to 14,923.15.
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
Coming down heavily on BCCI President N Srinivasan, the Supreme Court has asked him to step down for a free and fair probe in the betting and spot fixing scandal involving his son-in-law Gurunath Meiyappan and some cricketers, failing which it would pass an order.
A defiant N Srinivasan was elected unopposed as BCCI President for a third year during the Board's AGM in Chennai on Sunday even though he will not take charge till further orders from the Supreme Court.
Premiumisation, improving demand aid realisation growth at most large firms
On the Sensex chart, Axis Bank, Titan, IndusInd Bank, HDFC Bank, Dr Reddy's, HDFC and Asian Paint were major losers.
Australia pick two uncapped players for first two Tests
For Kohli, who led India to their first Test series victory in Australia but skipped the second half of the New Zealand tour, the series will be the last chance to identify the batsman to fill a middle order spot in an otherwise settled side.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
HUL was the top gainer in the Sensex pack, rising around 2 per cent, followed by TCS, ITC, Asian Paints, HDFC, HCL Tech and Nestle India.
Chennai Super Kings and Rajasthan Royals were suspended from the Indian Premier League for two years for betting activities of their key officials, Gurunath Meiyappan and Raj Kundra, during the 2013 season of cash-rich Twenty20 cricket tournament.
China and Pakistan have agreed to step up their defence and counter-terrorism cooperation amidst 'challenging times', as Pakistan Army chief General Qamar Javed Bajwa held wide-ranging talks with the Chinese military leadership to further cement their all-weather strategic partnership.
Bharti Airtel was the top laggard in the Sensex pack, shedding over 2 per cent, followed by Sun Pharma, ITC, SBI, Axis Bank, HDFC twins and Nestle India.
ICICI Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Sun Pharma, Bharti Airtel, HUL, SBI, L&T, Axis Bank and IndusInd Bank. On the other hand, Reliance Industries, Bajaj Finserv, HCL Tech and HDFC were among the laggards.
While Kedar injured his left shoulder during the IPL, Shankar was hit in the nets by a Khaleel Ahmed short ball.
Mumbai teen Siddharth Pillai has designed and patented a technology that prevents coral bleaching and will save hundreds of marine species from extinction.
Prices of all metals - from steel to copper, aluminium, zinc and lead - have shot up by about 5-11 per cent in the past month. Commodity inflation is raising its head, forcing companies to consider price hikes.
The Board of Control for Cricket in India is set to pay a huge compensation of more than Rs 800 crore to disbanded Indian Premier League franchise Kochi Tuskers Kerala for terminating their contract in 2011.
Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.
India would look to seal a direct quarterfinal berth with a win against Canada in their final Pool C match of the men's hockey World Cup on Saturday.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
The government has merged the Department of Public Enterprises (DPE) with the finance ministry to give it a better control over state-owned firms and facilitate its ambitious privatisation programme. Finance ministry will now have six departments while DPE's hereto parent ministry, the ministry of heavy industries and public enterprises will now be called the ministry of heavy industries. Previously, the disinvestment ministry - created under the Atal Bihari Vajpayee government - was merged with the finance ministry and is now a department under it. Also, Foreign Investment Promotion Board (FIPB) was abolished and administration of foreign investments was given to the finance ministry (FinMin).
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
Ajay Shirke raised termination issue, doesn't find support during the IPL Governing Council meeting in Mumbai.
The players' group has suggested a few options like having a short-term contract only for the duration of the IPL, so the cricketer is free to do commentary or coaching assignment for the rest of the year.
The fate of the former India cricket chief and his Indian Premier League team will be known when the Supreme Court pronounces its verdict on Thursday.
India hopes to bridge gap with US to buffer against a Paris agreement that restricts country's developmental space.
