On October 22, the Nifty fell below 24,500 due to a combination of dismal sectoral performance, extended selling in the wider markets, and unfavorable global indications. In closing, the Nifty was down 309.00 points, or 1.25 percent, at 24,472.10, while the Sensex was down 930.55 points, or 1.15 percent, at 80,220.72. The BSE Smallcap index…
Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….
For the seventh straight trading session on Tuesday, foreign portfolio investors (FPIs) kept selling Indian stocks, taking out an extra Rs 5,729 crore. With the largest single-day selloff on October 4, when FPIs offloaded Rs 15,506 crore, data shows that the cumulative outflow by FPIs over the previous seven days has reached Rs 55,742 crore….
Following three straight weeks of gains, the markets had a severe decline, losing 4.5%, mostly due to unfavorable global cues. Beginning with growing tensions in the Middle East, which increased the price of crude oil due to concerns about supply disruptions, the mood was pessimistic. Further lowering market optimism was the ongoing FII selling, which…
In the week ending on September 20, the Indian market maintained its recent upward trend and set a new record as investors welcomed the Fed’s unexpected 50 basis point interest rate drop. The decline in unemployment claims, a strong FII inflow, and the possibility that the RBI will adopt the Fed’s stance at its next…
Before the announcement of important US job statistics, investors withdrew part of their money from the market, causing the benchmark indices to see their largest one-day loss in a month on Friday. The Nifty dropped 293 points, or 1.2%, to settle at 24,852.15, while the Sensex was down 1,017 points, or 1.2%, to 81,183.93. With…
Due to increasing valuations and increased volatility worldwide, foreign portfolio investors’ (FPIs’) inflows into equities suffered a noticeable slowdown in August, while domestic institutional investors’ (DIIs’) inflows reached their highest level in three months. In contrast to their July and June equity investments of Rs 23,486 crore and Rs 35,845 crore, respectively, DIIs made around…
IREDA’s shares surged 11.2% to an intraday high of Rs 265.70 on the company’s announcement in an exchange filing that it is exploring options for funding up to Rs 4,500 crore through rights issues, qualified institutional placement, and other ways. The financing will be presented to the board of directors for approval on August 29…
Nifty closed just short of the coveted 23,000 milestone as buying across all sectors, with the exception of metal and pharmaceuticals, negated the hawkish Fed minutes. The bulls were back in action on Dalal Street. Benchmark indices reached new all-time highs. Both the Sensex and the Nifty had closed with gains of 1,196.98 points and…
Due to persistent domestic money flow and promising economic growth, investor optimism drove the market capitalization of BSE-listed companies to a record $5 trillion on Tuesday. In about half a year, the market capitalization surged from $4 trillion to $5 trillion, marking the quickest $1 trillion increase in history. For this time, the rupee has…
