M-cap falls 11% in 2 weeks to Rs 1.32 trn, against watchmaker's Rs 1.41 trn
According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan
"We don't expect the negative crossover to result in a sharp market decline like we saw in March last year," said Ruchit Jain, a technical analyst at Angel Broking Ltd
Index just 14 points shy of lifetime high
Certain initial public offers may only be for institutional investors
Improving cash flows, robust balance sheet and margin levers are other positives
Asian Paints was the top gainer in the Sensex pack, advancing over 3 per cent, followed by Titan, Bajaj Finserv, ONGC, Infosys and TCS
In technical analysis, divergence is given greater preference as the 'divergence behaviour' may reflect a change in a price trend or sentiment
Mixed overseas cues and a weakening rupee capped the gains, traders said
Sharing its data with the regulator, Anmi pointed out that the rate of overnight margins, levied on intraday trades are almost 3.33x more than what is warranted based on the risks of the trade
Share of top 100 firms on the exchange in m-cap falls to 67.3%; analysts advise caution
Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline
Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out
The MSCI AC World Index hasn't experienced a 5% drawdown since November, the longest streak of calm since 2017, according to data compiled by Bloomberg
Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed
Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day
The top five buys of small-cap equity funds in April were Hindustan Copper, Hathway Cable & Datacom, Lux Industries, Bharat Rasayan and Dilip Buildcon
The index had previously closed above the psychologically-important level on March 12
During an interview, Gopkumar tells Ashley Coutinho that large companies in the financial space will gain market share and manage their books better
BSE MidCap has doubled in value since the end of March 2020, against a 70% rally in Sensex