India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.
Rising crude oil prices and growing concerns over inflation, along with the widening conflict in West Asia, dampened investor sentiment and triggered heavy selling across sectors. During the week, the Sensex plunged 4,354.98 points, or 5.51 per cent, while the Nifty dropped 1,299.35 points, or 5.31 per cent.
The enhanced risk appetite was reflected in the benchmark indices. The recent corrective phase came to an end, and the week concluded on a solid note as the NSE Nifty rose 417.75 points (1.64 per cent) and the BSE Sensex advanced 1,346.50 points (1.62 per cent). Meanwhile, the two industries that contributed most to the creation of wealth were telecom and energy.
The BSE Sensex breached the 78,000 level on June 25 and 79,000 for the first time on June 27.
The valuation of LIC jumped Rs 46,425.48 crore to Rs 6,74,877.25 crore, the most among the top-10 firms.
Nifty topped the 23,000 mark while Sensex also made a new high today.
The BSE holiday calendar for 2024 lists trading holidays for a total of 14 days. Equity markets will remain closed on two occasions in April.
The US markets ended in negative territory on Friday. Global oil benchmark Brent crude rose by 0.29 per cent to USD 82.32 a barrel.
The rise in the number of investors is also fuelled by various stock market trading education providers. The education institutions providing stock market training have managed to change the perception that investing is only for experts or it's too risky for middle-class people.
Jio Financial Services has become the newest and second largest non-banking financial company (NBFC) in relation to market capitalization.
The stock markets are back on track as they shunned a four-day-long losing streak buoyed by gains in select banking and auto counters. The 30-share BSE Sensex opened lower but gained momentum as the session progressed, before finally ending 160 points higher at 62,570.68. The broader NSE Nifty advanced 48.85 points to settle at 18,609.35, with 27 of its constituents closing in the red. Market analysts have picked up their choice of stocks and investors may bet on these shares on Monday. The five stocks are JB Chemicals, HDFC Bank, Colgate-Palmolive, SBI and BPCL. These stocks are recommendations of experts and investors should take an informed decision. Now let's look at their target prices and stop losses:
Top 7 Stock Picks: The stocks market today fell for the second straight session as the 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. The broader NSE Nifty eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05. The markets dipped due to a volatile trade as investors looked to book profit in oil, IT and auto stocks ahead of the RBI policy announcement on December 7. Stock brokerage houses have picked their shares for the investors on Zee Business and these include ICICI Bank, Symphony, Supreme Industries and Mahindra and Mahindra among others.
The stock markets settled a bit lower halting their eight-day rally during which the equity benchmark indices hit a record high as well. The Sensex and Nifty were dragged down by a weak trend in global markets and the emergence of profit-taking. The 30-share BSE Sensex fell 415.69 points to close at 62,868.50. The broader NSE Nifty dipped 116.40 points to end at 18,696.10. As the markets will open on Monday, December 5, after two days of holiday, brokerages have already given their calls for multiple stocks that will be in focus next week. These include Paytm, SBI Cards and EID Parry. The above stocks have been suggested by experts/brokerage houses to Zee Business and neither Zee News nor Zee Business vouches for these shares.
Dharmaj Crop Guard IPO Subscription Status Latest News: The Initial Public Offering (IPO) by Dharmaj Crop Guard has concluded on November 30. The Rs 251-crore IPO was subscribed 35.49 times in all. The IPO received bids for 28,43,51,820 shares against 80,12,990 shares on offer. According to the NSE Data, the non-institutional investors' category was subscribed 52.29 times, Qualified Institutional Buyers (QIBs) category was subscribed 48.21 times, and Retail Individual Investors (RIIs) subscribed 21.53 times.
BSE Sensex and NSE Nifty traded lower today amid a weak trend in global markets, halting their eight-day rally during which they hit record highs. After beginning the trade on a negative note, the 30-share BSE Sensex further declined around 455 points to 62,828. The broader NSE Nifty dipped around 129 points to 18,682. While the markets continue their strong performance on average, brokerages have suggested some stocks that can help investors earn a decent return. The stocks have been suggested by brokerage houses to Zee Business and are not the views of Zee News/Zee Business. If you are planning to invest in stocks markets, you can check out these suggestions:
The BSE Sensex and NSE Nifty today ended at fresh lifetime peaks amid a firm trend in other Asian markets and a continuous inflow of foreign funds. The 30-share BSE Sensex gained 177.04 points to settle at 62,681.84, its fresh record closing high. The broader NSE Nifty advanced 55.30 points to end at 18,618.05, its fresh record closing high.
IEX Board approved the proposal of buyback of fully paid-up equity shares having a face value of Re 1 each It said that the share price should not exceed Rs 200 per equity share The aggregate amount should not exceeding Rs 98,00,00,000 (Rs ninety-eight crores).
Indian Benchmark Indices BSE Sensex and NSE Nifty broke many records on Thursday, closing at all-time high. NSE Nifty hiked 216.85 points or 1.19% to close all-time high of 18,484.10. The top gainers were Apollo Hospitals, HDFC Life, BPCL, HCL Technologies and Power Grid.
Vedanta Limited has announced the third interim dividend of the year for its shareholders. Billionaire Anil Agarwal-led mining giant said its board of directors finalised the dividend at November 22 meeting. Vedanta will pay a 1750 per cent dividend to its shareholder on a face value of Re 1 each.
The IPO had a fresh issue of up to Rs 560 crore and an offer for sale of up to Rs 75 crore. The price range for the IPO was at Rs 514-541 a share. The IPO has been subscribed two times.
Coal India will get a Rs 15 dividend for each share held by them as on the record date. Coal India dividend record date is November 16 while the payment date is December 6. For the fiscal year 2021-2022, Coal India had announced a 170% equity dividend or dividend of Rs 17 per share.
Sensex advanced 158.85 points to 61,783 in early trade Nifty climbed 49 points to 18,378.15. Indian Rupee gained 12 paise to 81.16 against the US dollar in early trade.