Markets Insider

​​​Equity benchmark indices, the Nifty and the Sensex, gave up initial gains in the first half-hour of trade on Friday but rebounded. SBI, Bajaj Finserv, IndusInd Bank, Maruti and M&M are the major gainers. Wipro, Power Grid, Titan and Tata Steel are among the laggards. Seoul and Tokyo are trading in the negative territory while Shanghai and Hong Kong quoting in the green.

India will finally be included in the global bond index. On Friday, JP Morgan said that India will be included in the GBI-EM Global index suite effective 28 June 2024. The inclusion may result in inflows of $25 bn over the 10 month period that will see gradual inclusion of Indian bonds into the indices. Rupee will also become even more resilient thanks to this inclusion and local currency would become more stable.

​​Equity benchmark indices, the Sensex and the Nifty, buckled under selling pressure for the third straight session to settle nearly 1% lower on Thursday. ICICI Bank was the biggest loser in the Sensex pack, slipping 2.81%. Three out of the top five laggards were financial stocks. Tech Mahindra, Bharti Airtel, Infosys, Asian Paints gained the most.

Equity benchmark indices, the Nifty and the Sensex, declined in morning trade on Thursday, falling for the third day running, due to a weak trend in global markets and foreign fund outflows. The US Fed left the benchmark interest rates unchanged at 5.25% - 5.50% with a hawkish commentary. HCL Tech, ICICI Bank, TCS, Larsen & Toubro and UltraTech Cement were the big laggards.

​Sewerage solution provider EMS listed on exchanges at a 34% premium to its IPO issue price. As per market watchers, EMS shares before the listing were available at a premium of ₹90 in grey market, i.e. the expectation was a listing price of around ₹301 ( ₹211 + ₹90), or a 42% uptick to the IPO price band.

The Indian rupee strengthened by 6 paise to 83.26 against the US dollar in early trade on Wednesday on easing global crude oil prices and rising appetite for riskier assets. Currency markets were closed on Tuesday on account of Ganesh Chaturthi and the Monday close was an all-time low for the Indian currency against the greenback.

The Nifty and the Sensex fell in early trade on Wednesday in tandem with weak trends in global markets ahead of the US Federal Reserve's interest rate decision. HDFC Bank fell the most and quoted over 3% lower. ​NTPC, IndusInd Bank, Axis Bank and Mahindra & Mahindra were among the gainers.

​​Equity benchmark indices, the Nifty and Sensex, declined in early trade on Monday but after the first hour, both the indices made a comeback and curbed their losses. Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro are among the laggards. Mahindra & Mahindra, Titan, NTPC and Asian Paints are among the gainers.

Foreign portfolio investors (FPIs) have pulled out close to Rs 4,800 crore from equities in the first fortnight of September on rising US bond yields, a stronger dollar, and concerns over global economic growth. In the coming days, FPIs are likely to press sale as the market is at record highs and valuations are high, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Equity benchmark indices, the Sensex and the Nifty, hit new record peaks in opening trade on Friday and have managed to hold on to it after the first hour of trade. At the time of publishing, four out of the top five gainers are auto stocks. Asian Paints, Hindustan Unilever, Titan and Axis Bank are among the laggards.

India has become the best performing large market in September with 4.2 per cent gains, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. This move to record highs has resulted in the benchmark, the Nifty50, breaching the psychological 20,000 mark riding on banking stocks.

​​Equity benchmark indices, the Sensex and the Nifty, hit their record peaks in early trade on Thursday. However, both the indices came of the highs in the first hour of trade to trade flat. Tata Steel, Tech Mahindra, Wipro, State Bank of India, Power Grid and JSW Steel were the major gainers.

​​Equity benchmark indices, the Sensex and the Nifty, hit their record peaks in early trade on Thursday. However, both the indices came of the highs in the first hour of trade to trade flat. Tata Steel, Tech Mahindra, Wipro, State Bank of India, Power Grid and JSW Steel were the major gainers.

Benchmark indices, the Nifty and the Sensex, continued their bull run on Wednesday with the latter rising for a ninth straight session while Nifty closed above the record 20,000 mark for the first time. Bharti Airtel rose the most by 2.72%. Titan, IndusInd Bank, Axis Bank, State Bank of India were the other gainers. Mahindra & Mahindra, Larsen & Toubro, Nestle were the top laggards in trade.

Equity benchmark indices, the Nifty and the Sensex, declined in early trade on Wednesday. However, after the first 45 minutes of trade, both the benchmarks have recovered and at the time of publishing are trading flat. ITC, Titan, Power Grid and UltraTech Cement are among the gainers. ICICI Bank, Tata Consultancy Services, HCL Technologies are some of the major laggards.

​​Benchmark Indian indices, the Sensex and the Nifty, opened at a record high on Tuesday morning but slipped sharply after that. At the close, the Sensex ended 94.05 points in the green to settle at 67,221.13 while the Nifty skid 3.15 points to close at 19,993.20. The midcap and smallcap indices witnessed a sharp fall with 90% of the stocks closing lower and thus recording the biggest single-day fall of 2023.

Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). Those who will be selling shares in the OFS are Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA. IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS).

Kotak Institutional Equities says there isn’t any meaningful change in fundamentals of mid and small cap stocks. Investors are buying into mid-cap stocks across sectors like defence, capital goods, railways, real estate and renewables. Return on Equity of Nifty50 universe in contrast is set to go past 17% by FY25, driven by recovery in capex intensive businesses and cyclicals.

India's equity benchmark indices, the Nifty and the Sensex, extended their rally for the seventh day running on Monday as investors continued to remain optimistic about the domestic markets. Among the Sensex firms, HCL Technologies, Maruti, State Bank of India, Tata Consultancy Services, Tata Motors etc. IndusInd Bank and Bharti Airtel were the laggards.

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoter group has also increased stake in Adani Ports and Special Economic Zone Ltd.

The recent report released by the Organized Crime and Corruption Reporting Project has not dented the Adani Group’s listed companies. The Group’s total market capitalisation has gone past the Rs 11 trillion mark on Friday. The Group’s stocks have added nearly Rs 5 trillion in market value since March, after Hindenburg’s report shaved off over Rs 8 trillion in market cap.

The rupee depreciated for the fourth straight day and settled 9 paise lower at its lifetime low of 83.22 (provisional) against the US dollar on Thursday amid a firm American currency and elevated crude oil prices. At the interbank foreign exchange, the domestic unit opened at 83.15 against the dollar and traded in the range of 83.12 to 83.22 against the greenback.