Stock Market Highlight- Markets end lower! Sensex down 189 points, Nifty near 22,600; IT and metal major drag

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed in positive territory on April 30. The NSE Nifty 50 lost 39 points or 0.17% to finish the day’s trading at 22,605, while the BSE Sensex pulled back 189 points or 0.25% to close at 74,482.78. Bucking the trend, Nifty Midcap closed in green up 33.75 points or 0.07% to settle at 50,868.20.

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Sensex, Nifty, Share Prices LIVE: The benchmark equity indices opened Tuesday’s trading session in the positive territory.

Stanley Lifestyles IPO closes on June 25; Here are key details to know before you subscribe

Stanley Lifestyles IPO will close on June 25. The company, which is in the business of luxury furniture manufacturing, opened the issue on June 21. 

Issue Size

Stanley Lifestyles kept the issue size of Rs 537.02 crore. Out of this, the fresh segment has 5.4 million shares, amounting to Rs 200 crore, while the offer for sale of 9.1 million shares, the bigger part of the issue, aggregates to Rs 337.02, which will be pocketed by promoters and other selling shareholders. 

Meet Subhasish Chakraborty, the founder of DTDC – He sold his mother’s jewellery to build Rs 2000 crore company; Know about his career, education, and net worth Market rally leads to higher regulatory fees for stock exchanges Meet the Indian billionaire who pur…

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Will Nifty stay muted or fall in trade- See GIFT Nifty, FII data, crude, F&O ban, more before market opens

GIFT Nifty traded down 0.20%, at 19,573.5 during Tuesday’s early trading session, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark domestic indices ended September’s last trading session in positive territory. The NSE Nifty 50 surged 0.75% to settle at 19,638.30, while the BSE Sensex added 320.09 points to 65,828.41.

“The Indian market witnessed a rebound as positive GDP data from Britain instilled confidence among its global peers. However, the market is facing stiff resistance at higher levels due to insipid liquidity and a lack of triggers to overcome the bears. The upside risk to domestic inflation may recede with the return of a good monsoon in September. This, in turn, could provide the RBI with leeway to maintain …

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Top mutual fund AUM surge 45% in 2023 – What’s driving the fund flow

The Indian equity bull run of 2023 has significantly bolstered the fortunes of major asset management companies (AMCs), propelling average equity assets under management (AUM) to an impressive 45% year-on-year growth for large players or funds with over 1 lakh crore average AUM.

Topping the list with a staggering 57% growth in total average AUM is the Tata fund house, closely followed by Nippon India Mutual Fund, which achieved a commendable 46% growth.

The aggregate average AUM for this subset of mutual funds has surged by approximately 30%.

Mutual Funds: Top 5 large cap funds with over 20% annual returns in 5 years India’s banking access rises but MSMEs remain underserved: How Account Aggregator can change that Somanathan named next Cabinet secy: Moving…

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Foreign investors to focus on global trends and trading activity as market remains closed on Eid, say analysts

With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said. 

Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market. “This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows,” said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the global front, data from China, movement in the dollar index, and US bond yields will be crucial, he added.

Equity markets will remain closed on Monday on accoun…

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Stocks To Watch- Happiest Mind, Sun Pharma Maruti Suzuki, Borosil, Swan Energy, Amara Raja

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 55.50 points or 0.24% at 23,592 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 36.75 points or 0.16% to settle at 23,537.85 while the BSE Sensex gained 131.18 points or 0.17% to 77,341.08.

“Markets stayed volatile ahead of this week’s monthly expiry, as key benchmark indices ended with modest gains after a sharp fall in early trades amid selective buying in auto, power and capital goods shares while selling in IT, metal and oil & gas pared gains. S…

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TVS Motor, VPRP, Senco Gold, IFCI among 51 stocks that hit 14-week highs; 9 slip to 52-week lows

The benchmark equity indices were trading on a mixed note on Tuesday. The NSE Nifty was trading at 19,657.60 down merely 0.09%, while BSE Sensex was at 65,923.34, down 0.15% during the intra-day trade. Among the broader indices NIfty 100, Nifty 200 and Nifty 500 faced corrections, while the small caps stocks added gains. Bank Nifty index tumbled over 120 points to 44,637.95. Among the other sectoral indices, PSU Bank, Media and IT stocks tumbled while, Auto, Pharma, Metal, FMCG and Realty stocks posted gains. 

The volatility in the market was high as the volatility index (VIX) soared over 2% during the intra-day trading session.

HDFC Bank, Cochin Shipyard, Reliance Industries, Eicher Motors and Bajaj Finance were among the most active stocks on the NSE.

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Themes and sectors likely to witness heavy demand this Samvat 2080

By Siddhartha Khemka
In Samvat 2079 Indian equities touched the milestone of 20,000 in Sep’23 and ended the year (24th Oct 2022 – 30th Oct 2023) on a healthy note. Nifty-50 made a new high of 20,222 mark and gained 9% during the Samvat 2079. Nifty Midcap 100/Nifty Smallcap 100 sharply outperformed, rallying 26%/31% respectively. Resilient economic conditions, healthy corporate earnings, six straight months of FII inflows (Mar-Aug’23), all-time high SIP flows, and notable retail participation drove the overall market performance. Further, moderation in inflation and expectations of peak-out of global interest rates in the last few months supported equities.

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