Futures contracts on India's Nifty 50 Index dropped 1% in Singapore on Monday
However, this will be tested with the economy clearly in slowdown mode
The financial year 2019-20 is likely to start on poor note for Corporate India
The Nifty50 index reclaimed 11,000 levels in intra-day trade on Wednesday, a feat it last achieved on October 1, 2018.
The only constant in the last 16 years has been RIL, which has maintained its position in the top 10 in Nifty50 index
Combined net profit of Nifty50 firms estimated to grow by 15.4%
Weight of oil & gas sector in the index has fluctuated significantly over the last 15 years, says a report from Motilal Oswal
Market players said stock-specific news in heavyweight counters led to Monday's rally
The Nifty50 index closed at an all-time high of 9,306 levels on Tuesday, up 89 points or one per cent, buoyed by the outcome of the first round of French elections and March quarterly earnings of index heavyweights that beat Street estimates. On the other hand, the S&P BSE Sensex also moved up a per cent, or 287 points to settle at 29,943 levels.Thus far in calendar year 2017 (CY17), the Nifty50 index has gained nearly 13.7 per cent. However, despite the stellar performance, only eight stocks of the 51 that comprise the index have hit their respective all-time levels. These include Housing Development Finance Corporation (HDFC), HDFC Bank, UltraTech Cement, Gail (India), Grasim Industries, Indiabulls Housing Finance, Kotak Mahindra Bank and IndusInd Bank. Besides these eight, Reliance Industries (RIL) and Larsen & Toubro (L&T) hit their respective 52-week highs in intra-day trade on Tuesday. Despite this, RIL is still 14 per cent away from its all-time high level of Rs ...
Idea Cellular, GAIL, Tata Steel and BPCL have rallied more than 20% from September 7, 2016 levels.
IDFC Bank will replace Bank of India in the Nifty Bank index
The dollar hardened with high dollar bond yields and consensus that the US Federal Reserve will raise rates
Asian Paints, Eicher Motors, HDFC, HDFC Bank, Hero MotoCorp, Bajaj Auto, Kotak Mahindra Bank and UltraTech Cement hit their respective lifetime high.
BPCL, Eicher Motors, Grasim Ind, HDFC Bank, IndusInd Bank, M&M, Maruti Suzuki, Power Grid Corp and UltraTech Cement from Nifty 50 index hit record highs in intra-day trade.
HDFC Bank, Grasim, Hero MotoCorp, M&M, UltraTech Cement and YES Bank have hit their respective lifetime highs on the National Stock Exchange.
ITC, Yes Bank, Bajaj Auto, M&M, UltraTech Cement, ACC, Hindalco, NTPC, Power Grid and BPCL hit 52-week highs.
Equity securities with DVRs would now be eligible for inclusion in an index subject to conditions