Market Updates - Angel One

On June 26, Radisson Group issued a press release of its latest announcement of the signing of 10 new hotels in just 4 days. These signings took place across 4 brands of the group including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The group had also entered 5 new markets …

On the first day of India’s 2024 spectrum auction, telecom companies placed bids worth a substantial amount of Rs.11,000 crore. The bidding took place over five rounds, showcasing the high demand for spectrum resources among major telecom players. Strong Industry Participation The auction, conducted by the Department of Telecommunications, witnessed participation from key industry players. …

Shree Cement Limited is India’s third-largest cement manufacturer by capacity. Since its foundation in 1979, the company has been committed to the cause of sustainable, inclusive growth through the pursuit of innovation and operational excellence. The company is currently a member of the RE100 initiative, committing to transition 100% of its electricity consumption to renewable …

Introduction NSE Indices Limited, a subsidiary of the National Stock Exchange (NSE) of India, announced the launch of a new benchmark index, the Nifty Top 10 Equal Weight Index. This new index is designed to track the performance of the top 10 companies in the Nifty 50, based on free-float market capitalization. Key Features of …

The Indian stock market staged a smart recovery from lower levels and ended the first trading session of the week on a positive note. The NSE Nifty50 index advanced 0.16%, while the Sensex gained 0.17%. Nifty Auto Index: A Strong Comeback Among the top-performing sectors on Monday was the Nifty Auto index. On Monday, the …

Nifty’s Surprising Start to the Trading Week The trading week began with an unexpected twist as the market opened below last week’s low of 23,398. Initially, it appeared that the market might decline further. However, the bulls, mindful of the primary uptrend, took control and pushed prices higher, effectively erasing the morning’s losses. Although there …

Shares of holding company stocks, including Bombay Burmah, Bajaj Holdings, and Pilani Investments, saw gains of up to 20% today. This surge follows the announcement by SEBI of a new framework for special call auctions aimed at better price discovery for such companies. SEBI’s New Framework  SEBI’s circular noted that many holding companies are infrequently …

Foreign Institutional Investors have re-entered their buying mode in the Indian Stock Market and are back to buying mode, making a positive shift in investor sentiment following the national elections that ended earlier this month. Over the past 3 days, FIIs have made significant purchases in Indian equities, signaling a renewed confidence in the country’s …

One of the top-performing sectors on Thursday was Nifty Metal. The Nifty Metal index gained 1.82%, and with the exception of Adani Enterprises, all other constituents of the metal index closed the session in green. This strong move reversed the losses from Wednesday when the index fell by 1.18%. Rebounding from Wednesday’s Losses On Wednesday, …

On the weekly expiry, the NSE benchmark Nifty50 index opened the session on a positive note. However, soon after opening, a minor kneejerk reaction was seen in the Nifty50 index. After the initial volatility, the index inched higher to reclaim the important level of 23,600. However, the absence of buying interest at higher levels led …