On 4 February 2022, the shares of the State Bank of India (SBI) achieved a new 52-week high at Rs. 546.40 apiece. SBI shares began with a Rs. 2 increase per share and continued to rise till they got a new 52-week high in their early morning trades. However, it would end at Rs. 10.65 …
The Issue of HDFC Weightage HDFC and HDFC Bank have been in the news for some time now in relation to their merger into HDFC Bank which is slated to take place in June-July. However, the deal that was expected to bring about financial prosperity seems to be having a hiccup this week. The Morgan …
India’s National Stock Exchange (NSE) halted trading for over four hours, in what is now seen as the longest such outage in the country, because of a technical glitch. Trading resumed around 3.30, and an unprecedented extension led to both the NSE and the BSE (Bombay Stock Exchange) functioning till 5 pm. Around 10 am …
In the previous week, FM Nirmala Sitharaman proposed Budget 2022-23, when the stock market gained over 2 percent. After two weeks of consistently falling, the markets had ended the week positively though the volatility remained high. The BSE’s Sensex gained more than 1400 points to end at 58,644.82 whereas the NSE’s benchmark index Nifty50 went …
The BSE benchmark indices Sensex and Nifty gained 0.80 and 0.85 per cent respectively at close on Monday, after trading resumed following the Diwali weekend. While the Sensex gained 478 points to close at 60,545.6, the Nifty gained over 151 points closed at 18,068.55 on November 8. Speaking about the sectoral indices, many of them …
An Overview of Morgan Stanley’s Report According to Morgan Stanley’s latest report, Indian equities are expected to outperform their emerging market (EM) peers in 2021, with bets on domestic cyclical stocks leading the way, led by rate sensitives. For the time being, the research and broking house has kept its December 2021 goal for the …
The increased intensity with which the pandemic is striking India has left many startled. Not only have the number of infected individuals been rising, but the resources to support them have been depleting as well. In addition to the rise in the number of cases, the morbidity rate has also gone up. With this trend, …
On 3 August 2021, the accumulated market capitalisation of BSE-listed companies reached Rs. 240 lakh crores, Rs. 2,40,04,664.28 crores to be precise. This is a record high, as mentioned by the stock exchange. This surge has also rallied its benchmark Sensex to its lifetime high of 53,887.98 points. Moreover, investors’ wealth has also reached a …
History has been made as India’s BSE Sensex hits an all-time high summit of 50,000 on January 21, 2021. The Nifty too breached the 14,700-mark in a first. This is a day that D-Street commentators and analysts were expecting since the start of the new year, as the markets rebounded from one of its worst …
Overview On Monday, the Nifty opened with a gap down, but it was able to maintain the 14,400 level and gradually recover most of its intraday losses to finish the day flat. On the daily timeframe map, it established a Bullish Candle, closing above the opening level and reclaiming its 50-day EMA. It must now …
