The Pune-based Rahul Bajaj group, thanks to an amazing stock market ride by Bajaj Finance and Bajaj Finserv, has grabbed third spot, pushing the Aditya Birla group down to fourth position.
The Nifty ended down 80 points (1.5%) at 5,003. During the day, the NSE index dropped below the 5,000 mark to touch a low of 4,992. All indices, barring FMCG, ended in the red. FMCG, has however been one of the worst performering sectors since the Budget day. The BSE realty, metal, bankex and auto indices dropped 2-4% each.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The rupee fell to a two-year low of 64.84 against the US dollar.
Mutual funds bought FMCG, construction, auto, and IT stocks in November.
The Sensex opened with a negative gap of 207 points at 9,084.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The NSE Nifty is down 203 points at 3,135. Wipro, TCS and Jaiprakash Associates have crashed around 9% each to Rs 252, Rs 494 and Rs 66, respectively. Tata Motors has tumbled 8.7% to Rs 258. Hindalco, Infosys and Sterlite have plunged around 8% each to Rs 73, Rs 1,225 and Rs 269, respectively.
Five people were killed and over 50 fell unconscious following a leakage of chlorine gas at an industrial unit in Sonebhadra district Wednesday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Novelis world leader in flat rolled aluminium products, customers include Coke, GM.
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
The NSE Nifty ended down 22 points at 4,264.
Mutual funds bought pharma, manufacturing, auto, and FMCG stocks in June.
For retail investors who are into direct stocks, buying one when it enters the index can be a good strategy.
Transparency is more than welcome, but govt should not look vindictive.
The reasons may not appear compelling, but an alliance with Dow Chemical could help RIL. Here are the reasons.
Jagdish Malkani, member of the National Stock Exchange, says that cement as a sector is definitely attractive; and hotels too are doing extremely well.
Reliance Industries, Grasim, and ITC were the top held stocks by mutual funds in terms of value in July.
The government will now auction 23 mines, instead of 24
The BSE Midcap and Smallcap indices have performed better than the front-liners
The government has so far closed bids for 13 blocks.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex ended up 41 points at 29,136 and Nifty gained 4 pts to 8,809.
The Sensex closed up 22.50 points or 0.16% at 13,703.33, and the Nifty up 5.40 points or 0.14% at 3950.85.
Five others, including one retired and another serving public servant -- K S Kropha and K C Samria -- were held guilty for various offences under the Prevention of Corruption Act and Indian Penal Code.
The Sensex opened a tad higher at 5,182 - up 2 points. However, weak global markets pushed the index into negative zone to a low of 5,163.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Indian Oil Corporation and Grasim Industries have jointly bagged the prestigious Rajiv Gandhi National Quality Award for 2003.
The reduction in customs duties on non-ferrous metals would keep a check on a rise in prices, as landed cost of these would effectively reduce
The Bombay Stock Exchange 30-share index resumed better at 21,278.08
Stick to export-focussed plays, large-caps, say analysts