IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE; Tega Industries' IPO gets 4 times subscription on first day
Buoyed by easy monetary policy, a gradual re-opening of the economy and a rapid vaccination drive, the benchmark BSE Sensex Index has rallied nearly 20% year-to-date
Go Fashion makes stellar debut, lists at 91% premium; Star Health IPO receives lukewarm response
The index valuation was the highest in March this year when it was trading at a P/E of around 35X.
RIL and Kotak Bank power 153-point Sensex rally; Nifty holds 17,050; Brokerages bullish on RIL stock after Jio hikes tariff by 21%
Pharma stocks soar as investors turn to defensive bets; dollar index inches towards 97 mark
Investors' wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends. The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08. The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day. "Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated COVID-19 variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario. "Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services. Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent. The BSE midcap and smallcap indices were trading up to 2 per cent lower.
RIL shares rise as board approves restructuring plan; Bajaj Auto's m-cap falls below Rs 1-trillion mark; India Inc to show significant EBITDA growth in next 12-18 months, says Moody's
Nifty holds 17,400; India to consider allowing crypto trading for some investors; Cabinet approves repeal of farm laws
Paytm shares gain 10% after sliding 37% in 2 days; MobiKwik to delay planned IPO, says CEO; Latent View Analytics lists at 169% premium
The quantum of buying and selling that is required on account of any index rebalancing also needs to be looked at from the prism of daily volumes in the counter
Paytm tumbles 27% after weak debut, analysts suggest exiting the stock; Sapphire Foods lists at a 14% premium
Cabinet approves Rs 6,466-crore fund for telecom infra; LIC IPO expected by Q4, says DIPAM secretary; Go Fashion IPO sails through on first day
Sigachi Industries list at 253% premium, Policybazaar at 17% premium mover issue price
BSE on Friday reported a jump in net profit
Strong gains for IT shares and select index heavyweights like HDFC, Reliance Industries, Bajaj twins and Bharti Airtel
The benchmark Sensex declined as much as 1.1 per cent, or 696 points, intra-day before recouping somewhat in the last hour
Sensex falls 433 points to close at 59,920; Nifty50 settles with a loss of 143 points at 17,874
Leading money managers also warn of risks emanating from external factors, besides frothy valuations in certain pockets in the domestic market
The nation looks to push ahead with the trade plus one day or T+1 system, which most global markets are yet to implement, from February next year