Sensex posts biggest loss in nearly two months
The Sensex rose 393 points, or 0.75 per cent, to end at 52,699, while the 50-share Nifty gained 104 points, or 0.7 per cent, to close at 15,790
Benchmark indices Sensex and Nifty retreated from record high levels on Wednesday following intense selling in Reliance and HDFC twins as investors turned cautious ahead of the outcome of the US Federal Reserve's policy meeting. The 30-share BSE index ended 271.07 points or 0.51 per cent lower at 52,501.98. It had closed at an all-time high of 52,773.05 on Tuesday. The broader NSE Nifty retreated from a record and declined 101.70 points or 0.64 per cent to 15,767.55. PowerGrid was the top laggard in the Sensex pack, shedding around 2 per cent, followed by IndusInd Bank, Reliance, L&T, UltraTech Cement and Bajaj Finance. On the other hand, Nestle, NTPC, ONGC, Bajaj Finserv Hindustan Unilever and Infosys were among the gainers. Investors kept an eye on the two-day US Federal Reserve meeting, which is set to conclude on Wednesday. Lack of fresh trigger from overseas markets also weighed on the local stocks as Asian markets closed mixed. Bourses in Shanghai, Hong Kong and Tokyo ended
Aviation, hospitality, and multiplex stocks rising on hopes of strong rebound in coming months
In this podcast, Business Standard caught up with CapitalVia Global Research's Gaurav Garg and Angel Broking's Milan Desai to understand where is the market headed, what are the near-term challenges
IT companies dominate the list of stocks that hit lifetime highs this year, followed by banks and financial services.
Nifty holds 15,300, sees all-time closing high, RBI flags risk of bubble in Indian equity markets and other top news of the day
Technical analysts say the Nifty looks set to log new life-time highs
Shrinkage cuts across MNCs, PSUs, institutionally-controlled firms and widely held ones; Drop in independent directors, largely led by public sector companies, is a key reason
The broader NSE Nifty fell 77.95 points or 0.52 per cent to close at 15,030.15
Returns were calculated on a time-weighted rate of return basis for the schemes under consideration
On YTD basis, BSE benchmark is up 1.97%, while Nifty has gained 5.11%
At the end of April, 13.5 per cent of FPIs' total equity investment was in the IT sector
Of the Sensex constituents, 20 shares ended with gains
Titan was the top laggard in the Sensex pack, shedding 4.58 per cent
Analysts are bullish on small and mid-sized IT companies despite the downturn in the market
The complexion of the index has undergone a drastic change since its inception.
Wall Street brokerage Goldman Sachs has flagged a slew of concerns on the surging COVID-19 caseload that has been hitting new records everyday, coupled with the rising lockdowns
On Monday, banking, media, realty, metal and auto stocks fell the most, with the Bank Nifty falling as much as 5.1 per cent per cent
Private sector power utilities such as Tata Power, Torrent Power, JSW Energy, Adani Power and Adani Transmission have been the top performers in the last three months