The decision was taken at an ESIC meeting chaired by the Union labour minister Bhupender Yadav
Investors have moved past inflation and rate-hike worries, thus enabling Sensex and Nifty indices to scale new highs. But will this momentum, which has also spread to the broader markets, sustain?
Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, especially the small-caps, to catch up now
Since September 29, the index has added 1,666 points, of which 1,320 points - nearly 80 per cent - have been contributed by 10 stocks
Sunil Tirumalai, strategist, UBS Securities India, says India's high valuations and a depreciating rupee could act as headwinds for the domestic markets
Softer-than-expected retail inflation triggers global rally
Analysts think it will not be a runaway rally from here on as the market valuations seem expensive
The long-awaited pivot away from US equities may finally be at hand, and India may benefit from this shift
A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India
Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.
Stock exchanges in Europe were trading in the positive territory in mid-session deals
SATISH RAMANATHAN, chief investment officer for Equity at JM Financial Asset Management shares his outlook for the markets and his sector preferences
High inflation will keep the markets on edge as they were hoping that the global central banks, especially the US Fed and the RBI will go soft on rate hikes over the next few months
Analysts said that half of the BSE 500 firms trading below 200-DMA clearly indicates that market sentiment isn't strong and there is heightened selling pressure in the broader markets
The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent
The combined market valuation of seven of the 10 most valued firms climbed Rs 1,01,043.69 crore last week, with Reliance Industries and TCS emerging as the biggest gainers. Last week, the 30-share BSE Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. The market valuation of Reliance Industries Ltd (RIL) climbed Rs 37,581.61 crore to reach Rs 16,46,182.66 crore. Tata Consultancy Services (TCS) added Rs 22,082.37 crore, taking its valuation to Rs 11,21,480.95 crore. The market valuation of Infosys jumped Rs 16,263.25 crore to Rs 6,10,871.36 crore and that of ICICI Bank went higher by Rs 13,433.27 crore to Rs 6,14,589.87 crore. The market capitalisation (mcap) of HDFC advanced Rs 6,733.19 crore to Rs 4,22,810.22 crore and that of HDFC Bank surged Rs 4,623.07 crore to Rs 7,96,894.04 crore. Bajaj Finance added Rs 326.93 crore to its valuation to stand at Rs 4,44,563.66 crore. However, Hindustan Unilever's valuation diminis
The markets witnessed such a fall during this period amid weak global cues, a depreciating Indian rupee, and sharp selling by foreign institutional investors (FIIs)
Average AUM rises 2%, against a 20% increase in full-year FY22
The company was also in focus after it said it was considering increasing its public float
The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red