India’s benchmark Nifty traded within a narrow range on Friday and closed with a slight decline. Financials and IT stocks weighed on the index, while auto and FMCG names helped cushion the downside and prevented a deeper fall. The 50-stock index closed the week forming a small candlestick on the weekly chart, indicating hesitation at…
Indian markets witnessed a volatile week. The Nifty slipped below 25,850 in the first half, reflecting early weakness. However, a sharp recovery on Wednesday, driven by fresh buying, took the index past 26,300. While the momentum cooled in the last two sessions, the Nifty still closed slightly higher, ending just above 26,200 with modest gains…
Mumbai: India’s equity indices bounced back on Monday in a relief rally after three days of consecutive losses, led by gains in Information Technology (IT) stocks. Analysts attributed the gains to a technical bounce and anticipate the market to remain in a range amid a lack of fresh triggers, as the earnings season draws to…
SIP inflows remained highly encouraging despite muted Nifty returns over the past year, reflecting growing retail investor maturity and discipline, says Anand Vardarajan of Tata Asset Management. September saw strong SIP momentum even as equity inflows slightly eased to around Rs 30,000 crore from Rs 33,000 crore in August — a reasonable figure considering the…
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points,…
The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the…