Markets Insider

Indian stocks were in the green Wednesday morning, after a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking. Hindalco, IndusInd, Dr Reddys, SBI, and Coal India were the top five gainers.​​

Indian stock indices traded sharply higher Tuesday at the opening bell and were just shy of their all-time highs. Cipla, ICICI Bank, Sun Pharma, Power Grid Corp, and Bharti Airtel were the top five gainers. Asian Paints, Hindustan Unilever, Britania, HDFC Bank, and BPCL were the laggards in Tuesday early trade.​

The Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Bloomberg reported. The combined value of shares listed on Indian exchanges reached USD 4.33 trillion as of Monday's close.

Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week, analysts said. It will be a trading holiday on January 22, with the Maharashtra government announcing a holiday in connection with the consecration of the Ram Temple in Ayodhya.

Foreign investors have adopted a cautious approach this month in the Indian markets, offloading domestic equities worth Rs 13,000 crore in the first three weeks of January 2024. They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November.

Stock exchanges will observe Trading Holiday on January 22 in Equity, Equity Derivatives, SLB Segment. Also, BSE and NSE will conduct a special trading session in the equity and equity derivative segment on Saturday to check their preparedness to handle major disruption or failure at the primary site.

Sebi Chairperson Madhabi Puri Buch on Friday said the capital markets regulator has found that three merchant bankers are frequently indulging in inflating subscriptions during share sales, and promised action against them.

Railway stocks jumped up to 15 per cent on the BSE on Friday led by Rail Vikas Nigam Limited (RVNL).RVNL is up 15.47 per cent at Rs 281.40. IRCON is up 8.85 per cent at Rs 222.10.IRFC is up 8.84 per cent at Rs 159.20. RITES is up 7.3 per cent at Rs 558.35. Railtel is up 7.1 per cent at Rs 389. IRCTC is up 5.2 per cent at Rs 975.

An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

​​The stock market rebounded after closing in the red on Thursday, as the benchmark indices traded in the green on Friday, showing resilience and maintaining an upward momentum. Airtel, ONGC, ICICI Bank, Axis Bank, ​​Tech Mahindra emerged as the top gainers, contributing to the positive trend. IndusInd Bank, HCL Tech, HUL, Reliance, Hero Motocorp are some the laggards in trade.

Benchmark equity indices, the Sensex and the Nifty, tanked in early trade on Thursday, falling for the third day running, as investors continued to book profits after the recent record-breaking rally. Among the Sensex firms, Power Grid, Asian Paints, Wipro, HDFC Bank, HCL Technologies, IndusInd Bank, NTPC, and JSW Steel were the major laggards.

Benchmark Sensex nosedived 1,628 points or 2.23 per cent on Wednesday, marking its biggest single-day slide in more than one...

Nova Agritech, a manufacturer of agricultural inputs, is introducing its maiden initial public offer with a price range set at ₹39 to ₹41 per equity share.The Initial Public Offering will be open for subscription from Monday, January 22, 2024, to Wednesday, January 24, 2024. Investors can bid for a minimum of 365 equity shares and in multiples of 365 equity shares thereafter.The company intends to raise as much as ₹143.81 crore via the public issue.

On a day marked by fluctuations, the Indian stock market closes in red on Tuesday. The BSE Sensex, despite a turbulent session, showed resilience by finishing 199.16 points higher at 73,128.77. BPCL, Tata Steel, Titan, ITC, and Maruti emerged as the top performers among Nifty companies, contributing significantly to the positive momentum whereas Divi's Lab, HCL Technology, NTPC, Wipro, and Infosys faced declines, reflecting the dynamic nature of the market.

Nifty is now up three times from the Covid low of 7,511 in March 2020, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Benchmark equity indices, the Nifty and the Sensex, recovered in the first hour of trade after a slow start in the morning. The indices have rallied sharply in the past five sessions and morning trade saw profit-taking in IT stocks. In the last five session, the BSE benchmark rallied 1,972.72 points or 2.76%. The Nifty jumped 584.45 points or 2.71%.

Indian benchmark indices Nifty 50 and Sensex posted record close on Monday, January 15, led by Reliance Industries and IT stocks. Nifty 50 surpassed the 22,000 mark for the first time ever and Sensex closed above the 73,000 mark. Wipro, ONGC, HCL Technologies, Tech Mahindra, and Apollo Hospitals were some of the major gainers.

Benchmark equity indices, the Nifty and the Sensex, hit record peaks in early trade on Monday, with the Sensex breaching the 73,000 milestone for the first time ever and the Nifty surging past the historic 22,000-mark, driven by a sharp rally in IT stocks.

The Indian stock market continued its upward momentum as it opened on a positive note on Friday, with both the Sensex and Nifty registering gains and maintaining the upward movement in the first hour of trade. Infosys, TCS, Wipro, Tata Consumer Products, and Tech Mahindra are the gainers in morning trade.

Sensex opened at 71,940.43, up by 282.72 points, while Nifty began the day at 21,703.40, reflecting an increase of 84.65 points. Hero Motocorp, Axis Bank, Bajaj Finserv, HDFC Life, and Reliance are some of the top gainers. Dr Reddy, Infosys, HCL Technologies, Sun Pharma are some of the laggards.

Equity benchmark indices, the Sensex and the Nifty, bounced back from intra-day lows to settle higher on Wednesday, supported by a fag-end buying in market heavyweights Reliance Industries, ICICI Bank and HDFC Bank.

The Indian stock market kicked off the trading session on a positive note. However, profit booking and pressure on oil stocks such as BPCL and ONGC have dragged the market and at the time of publishing both the benchmarks are trading flat. Oil prices have witnessed a slight uptick due to unexpected declines in US crude stocks. BPCL, ONGC, NTPC, Coal India, and Axis Bank are the top laggards in Wednesday morning trade.