As the financial year 2024 (FY24) draws to a close, it is time to take stock .The Indian stock market had a rather belter of a year. New highs, records, blockbuster listings- you name it and the markets delivered this financial year.
The Nifty50 spiked up an impressive 28.6%, while the Sensex jumped 24.8% in FY24, outperforming most major market indices globally.
Nifty: Record Run
The Nifty, representing the top 50 blue-chip companies across various sectors, hit multiple record highs throughout FY24. Notably, it surpassed the 19,000-point mark in June, and further milestones were hit with the Index breaching 20,000 and 21,000 levels in September and December respectively.
Markets fall on recession fears in US…
Stocks in Focus: GIFT Nifty traded up 22 points or 0.10% at 21,021.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Tuesday, the NSE Nifty 50 advanced 168.50 points or 0.81% to settle at a record high of 20,855.10, while the BSE Sensex jumped 431.02 points or 0.63% to 69,296.14.
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“Markets scaled fresh record highs on the back of impressive gains led by power, oil & gas and banking stocks, as investors continue to bet big on India growth story with fresh election victory for the ruling party in recent state elections further aiding the sentiment. Helping investors’ sentiments were hopes that the US Federal Reserve will ini…
A total of ten IPOs will collect funds from the public this week. The three companies will be opening their offer in the mainboard segment, while the remaining seven are SME companies. The companies in the mainboard segment will collect a sum of Rs 9255 crore.
Mainboard IPOs
Akums Drugs and Pharmaceuticals
The company will be opening its IPO on July 30 and ending it on August 01, raising Rs 1,856.74 crore. This is the second biggest IPO of the week after OLA Electric. The issue combines both fresh shares as well as an offer for sale. The company kept the IPO price band in a range of Rs 646 to 679 per equity share. ICICI Securities, Axis Bank, Citigroup Global Markets India, and Ambit Private are the book-running lead managers along with Link Intim…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted opening. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 52 points or 0.23% at 22,596 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Saturday, the NSE Nifty 50 inched up 36 points or 0.16% to settle at 22,502, while the BSE Sensex rose 89 points or 0.12% to close at 74,006.
Stocks to watch on May 21, 2024
Oil India
Oil India reported a surge of 17.8% in its consolidated net profit for the last quarter of FY24 at Rs 2,332.94 crore against Rs 1,979.74 crore in Q4FY23. On a sequential basis, …
Stocks in Focus: GIFT Nifty traded flat at 19,435 up merely 8 points or 0.04%, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Friday, the NSE Nifty 50 advanced 97.35 points or 0.51% to settle at 19,230.60, while the BSE Sensex added as much as 282.88 points to 64,363.78.
“The Indian market is resurging amidst a drop in investors’ anxiety as Nifty VIX contracts generously. The optimism is buoyed by firm global clues, steady macro-economic data and strong domestic corporate earnings. Clues that FED is unlikely to hike rates in the future and modest decline in oil prices are adding to the optimism. While the ongoing Q2 results explore healthy expansion in Indian operating margin, leading to …
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 70 points or 0.28% at 24,882.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 1.25 points or 0.01% higher to settle at 24,836, while the BSE Sensex rose 23 points or 0.03% to close at 81,355.84.
Stocks to watch on July 30, 2024
Tata Steel
Tata Steel acquired over 5.57 billion equity shares in its Singapore-based arm for $875 million. In May, Tata Steel’s board gave the …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices snapped a continuous losing streak of four days on May 10. The BSE Sensex rose 248.45 points or 0.34% to finish the day’s trading at 72,652.62, while the NSE Nifty 50 closed 97.10 points or 0.44% lower at 22,054.60. Nifty Midcap 100 closed in the green up 442.05 points or 0.90% at 49,551.20. However, Bank Nifty closed down 38.25 points or 0.08% at 47,449.64.