Markets News

Six months after the results of the general elections, the market has given positive returns all five times. Sensex had given returns of 7.56 per cent in 1999, 9.82 per cent in 2004, 35.05 per cent in 2009, 15.71 per cent in 2014 and 4.27 per cent in 2019. 

The valuation of TCS tumbled Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC tanked Rs 20,871.15 crore to Rs 4,71,365.94 crore. 

30-share BSE Sensex declined 319.3 points to 58,800.42 in initial trade. NSE Nifty fell by 90.8 points to 17,539. The international oil benchmark Brent crude declined 0.50 per cent to USD 90.02 per barrel.

Besides, such companies should make disclosures about their valuations based on issuance of new shares and acquisition of shares in the past 18 months before filing draft offer documents. The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years. Such firms generally remain loss-making for a longer period before achieving break-even as they opt for ways to gain scale of operations rather than profits in the initial years.

Trading in stocks and other assets ware once reserved for the wealthy, even in industrialized countries. The high commissions that brokers took from clients made transactions on the exchange justified only in the case of large volumes. With the proliferation of the internet and better technology, securities transactions have become significantly more accessible.

Collin trains people on how to trade wisely in the stock market.

Infosys was the top gainer in the Sensex pack, rising over 2 per cent. Maruti, Sun Pharma, HUL and ITC were among the laggards. The US Federal Reserve said it would accelerate its pullback of economic stimulus.

Nifty ended the trading session at 0.17% higher at 17,853.2. The majority of the shares registered their 5th straight weekly gain. Tech stocks jumped 2.7%.

Sensex traversed from 1,000 points to historic 60,000 levels in over 31 years. Sensex was at 1,000 points on July 25, 1990. Sensex jumped from 30,000 level to 60,000 in just about 6 years.

The broader NSE Nifty soared 276.30 points or 1.57 per cent to its new closing peak of 17,822.95. The 30-share Sensex settled 958.03 points or 1.63 per cent up at an all-time high of 59,885.36. Bajaj Finserv was the top gainer in the Sensex pack, rising over 4 per cent.

Titan was the top gainer in the Sensex pack, rising 0.93 per cent. IndusInd Bank, Axis Bank, HDFC twins, HCL Tech and Tata Steel were among the laggards. In the previous session, the Sensex ended 69.33 points or 0.12 per cent higher at 58,247.09.

PowerGrid was the top loser in the Sensex pack, shedding over 1 per cent. Infosys, Reliance Industries, Nestle India and Martui were among the gainers. bourses in Hong Kong and Tokyo ended in the red.

The blue-chip NSE Nifty 50 index rose 0.34% to 15,801.80. S&P BSE Sensex gained 0.36% to 52,741.22 by 0354 GMT. Markets have struggled for momentum this week after briefly scaling record highs on the back of declining COVID-19 cases.

The broader NSE Nifty declined 124.10 points or 0.83 per cent to 14,906.05. Equities in Europe were largely trading with gains in mid-session deals. Bourses in Shanghai, Hong Kong and Seoul ended on a negative note.

IndusInd Bank was the top loser in the Sensex pack. Titan, Maruti, PowerGrid, SBI and NTPC were among the gainers. All major indices closed in the negative terrain.

Jhunjhunwala trimmed his investment in Titan in the March quarter. He sold a little over 1.5 lakh shares of ION Exchange in the March 2021 quarter. GMR Infrastructure is yet another stock that Jhunjhunwala appears to be maintaining distance from.

Sensex and Nifty traded in a narrow range. Overall, both Sensex and Nifty ended the trading session in the green zone. Market experts are suggesting that the interplay of a resurgence in Covid-19 cases.

Sensex and Nifty ended at 49,765 and 14,894 points. Sensex had crossed 50,000 levels in early trading hours. Capital goods and consumer durables sectors stocks also ended in the red.

The bullish sentiment amid a crisis came on the back of the US Fed decision to keep policy loose. Most of the heavyweights were trading in the green zone. Investors are likely to take note of earnings that are likely to be announced today.