Fairchem Organics shares rallied 12 per cent to Rs 1,307 on the BSE in Thursday's intra-day trade, extending its past three day's upward movement, in an otherwise weak market
Stock Market Highlights, Nov 5, Tuesday: In the broader markets, the BSE MidCap and the BSE SmallCap indices edged 0.4 per cent higher each.
After outperforming over the past two years, Indian stocks are Asia's worst performers in 2023 amid concerns over monetary policy tightening and weak sentiment due to value erosion at the Adani Group
Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
Rising interest rates, coupled with this year's rout in the Adani conglomerate's stocks, have also weighed on the local market
Key index providers such as MSCI, FTSE, and the homegrown Nifty undergo quarterly, or semi-annual rejig of their indices. Read more to find out what it means and how it affects stocks
Looking from a medium-to-long term perspective, India is well positioned to deliver growth, both from the economy and equity market point of view
Banking stocks witnessed intense selling pressure in the latter part of last week
According to the technical analyst, since the Nifty IT index trades at 30,870.20, it is on the verge of a positive breakout as it hovers near the key level of 31,255
Closing Bell: Broader markets trailed gains in benchmark indices. The BSE Midcap and Smallcap indices closed up to 0.2 per cent lower
Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices
The stock was widely expected to get added to the index, but does not have enough free float market cap to dislodge BPCL
According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.
Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent
According to the technical analyst, the near-term trading range on the Nifty is 18,149 - 17,760, close above or below would add trigger in the direction.
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
The Nifty 50 index closed 1.17% higher at 18,014.60, and the S&P BSE Sensex gained 1.20% to 60,566.42, marking their biggest daily gain since Nov. 24
The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year
Multi-cap funds, with their higher exposure to mid- and small-caps, can outperform but with higher volatility