India stock market News

BSE is one of the largest stock exchanges in the world, with over 4,100 listed companies and a total market capitalisation of Rs 419 lakh crore.

The Indian equities outperformed several global peers, particularly in the mid- and small-cap segments, driven by solid macro fundamentals and improving investor sentiment, according to PL Asset Management’s latest report.

The real estate sector also saw heavy losses. The Nifty Realty index declined by 3.58 per cent, led by a 6.36 per cent drop in Godrej Properties and a 4.96 per cent fall in Sobha Limited.  

In its latest note, Jefferies said while absolute index performance is difficult to predict, “India should emerge as a relative outperformer”.

Given the volatility in stock markets across the globe, should investors brace up for further rocky path or will there be calm anytime soon? Vinod Nair, Head of Research, Geojit Investments Limited shares his thoughts.

Stock Market Crash Updates: The Sensex was trading at 72,385.4, down 2,979 points or 3.95 per cent, while the Nifty dropped 976.1 points or 4.26 per cent to 21,928.3. 

This sustained DII activity came as the cumulative foreign portfolio investor (FPI) selling in equity through the Indian stock exchanges stood at Rs 102,931 crore (till October 24).

Sensex Today: IndusInd Bank, NTPC, Mahindra & Mahindra, JSW Steel, Tata Steel and L&T were the top losers. 

As per SEBI, it mandated that all foreign investors provide details of their ultimate beneficial owners by this deadline, failing which they would be disqualified from investing in Indian markets. 

 Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. With monsoon gradually improving and India hosting G20 summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20K mark over the next few days, he added.

US Fed`s rate hike actions have a direct bearing on Indian markets and the rupee, as higher interest rates in the US take the sheen off Indian equities, weaning away foreign investors, say market analysts.

Selling in markets led to a decline in market capitalisation of the BSE-listed companies which tumbled Rs 4,82,033.63 crore to Rs 1,08,66,722.96 crore in two days.

The index has fallen over 6 percent this quarter, the biggest plunge since 2008 when it shed more than 16 percent in the same period.

The BSE Sensex closed at fresh record high by jumping over 350 points on Wednesday while the NSE’s Nifty ended more than 100 points to close at record high.

Sentiment also supported by higher Asian markets as investors reacted with relief after North Korea refrained from conducting another missile test this weekend.

Both the indices registered their second straight weekly fall by losing 205.66 points, or 0.65 percent, and 80.20 points, or 0.82 percent, respectively.

The 30-share index plunged by 155.91 points, or 0.49 percent, to 31,106.15.

The rupee soared 42 paise to 66.18 against the dollar early on Tuesday on increased selling of the US currency by exporters and banks amid higher foreign inflows following BJP's resounding win in UP and positive IIP numbers.

Mutual fund managers have pumped in over Rs 27,000 crore in debt market so far this month, primarily on account of participation from corporate and retail investors.

Market benchmark Sensex went up by about 39 points in early trade on Thursday on selective buying amid expiry of December futures and options (F&O) contracts even as Asian cues remained mixed.