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Tag: Sensex

  • NSE Unveils New App On iOS And Android With Exclusive Features, Expands Website To 12 Regional Languages ​​|

    NSE Mobile App: The National Stock Exchange of India (NSE) introduced its official mobile app, NSEIndia, and expanded its corporate website, www.nseindia.com, to support 12 regional languages.

    This launch celebrates NSE’s 30th anniversary, a remarkable milestone in its history. The NSE has made this advancement with an aim to empower investors with user-friendly tools, near real-time insights, and the ability to access market information in their preferred language.

    Adding further, NSE recently celebrated another achievement in October, as the total number of client accounts on the exchange crossed 20 crore, showcasing impressive growth over just eight months.

    The NSEIndia App is here! It’s fast, efficient and accessible! Get all updates, real-time data and insights on the market with just a swipe. Download the App now.#NSE #NSEIndia #AppLaunch #DownloadNow @ashishchauhan pic.twitter.com/eAdw9UaLgi — NSE India (@NSEIndia) November 1, 2024

    According to NSE, this dual launch reflects NSE’s dedication to democratizing financial information, making it easier for investors across the nation to engage with India’s capital markets.

    With this latest initiative, NSE’s website now offers content in a total of twelve languages, adding Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, and Telugu to the previously available English, Hindi, Marathi, and Gujarati.

    NSE Mobile App Availability:

    This linguistic expansion will reach investors across linguistic and regional barriers, fostering increased engagement and inclusivity. The newly launched NSEIndia mobile app, now available on both the Apple App Store and Android Play Store, promises an intuitive and secure experience for investors on the go.

    NSE Mobile App Features:

    The app’s initial release offers easy-to-use features, including an overview of key market indices, snapshots, trends, and turnover. Users can quickly check the top gainers, losers, and most active stocks on Nifty 50, search for any stock and create a personalized watchlist.

    There is also a dedicated section for options trading data, showing active calls, puts, and open interest, helping investors make more informed decisions. (With ANI Inputs)

  • Sensex Rises 448 Points, Nifty Rallies Above 24,300 In Muhurat Session | Markets News

    New Delhi: Benchmark BSE Sensex rose nearly 448 points in the early session of special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points, or 0.56 per cent, to 79,836.96 as all of its constituents traded in the green. The index opened higher at 80,023.75 but shed some gains later.

    The 50-issue Nifty of the NSE spurted 150.10 points, or 0.62 per cent, to 24,355.45 with 47 of its constituents ending in the green. Among major Sensex movers, Mahindra & Mahindra rose 2.66 per cent, Adani Ports 1.42 per cent, and Tata Motors by 1.35 per cent.

    NTPC, Axis Bank, Titan, IndusInd Bank, Tata Steel, HDFC Bank, Reliance Industries and Bharti Airtel also advanced. Muhurat trading is a one-hour, symbolic trading session conducted by stock exchanges on the occasion of Diwali, marking the start of the new Samvat year.

    During the Samvat year 2080 that ended on Thursday, the BSE Sensex jumped 14,484.38 points, or 22.31 per cent, while the Nifty climbed 4,780 points, or 24.60 per cent. Global markets were mixed as European shares rose in early trade. Most Asian markets closed with losses.

    Japan’s benchmark Nikkei 225 dropped 2.6 per cent, the Shanghai Composite slipped 0.2 per cent and South Korea’s Kospi lost 0.5 per cent. Hong Kong’s Hang Seng index added 0.9 per cent.

  • NSE To Conduct Diwali Muhurat Trading On November 1 | Economy News

    New Delhi: The National Stock Exchanges (NSE) has announced Diwali Muhurat Trading to be held on November 1, marking the commencement of the Hindu Calendar year Samvat 2081. This year Diwali, the festival of lights, will be celebrated on October 31 and a special window for the Diwali Muhurat Trading will commence on 6 pm and go on till 7 pm the next day.

    Due to the Diwali festival, the stock markets will be closed for normal trading but the special window will open for just one hour in the evening. The NSE in a circular today said, “A special live trading session shall be held on Friday, November 1, 2024 on account of Muhurt trading on Diwali.” As per NSE, while the normal trading will be conducted between 6 pm to 7 pm,  the trade modification end timing will be 7:10 pm.

    Meanwhile, the Bombay Stock Exchange will also conduct special Muhurat Trading on November 1, as per the information available on its website, but the the exchange has not notified the timings.

    As per NSE, any buying or selling of stocks done during the special Diwali Muhurat trading session will have to be completed just like any other regular trading day. After the trading, both parties (buyers and sellers) will have to fulfill their responsibilities, meaning the buyer will pay for the stocks and the seller will deliver them as per normal settlement rules.

    During this one-hour window, investors placed orders for stocks according to their wishes which they believe to be auspicious and would bring in good returns. Diwali, dedicated to worshipping the Goddess of Wealth, marks an auspicious day for new purchases and people tend to grab onto some form of financial investment.

    Also, the purchase of precious metals such as gold and silver, real estate, electronic items, and automobiles, among others, is specially timed by many on this auspicious day.

  • Stock Market Holidays 2024: Sensex, Nifty To Remain Closed On This Date In October–Check Full List Here | Economy News

    New Delhi: As we step into October, stock market traders and investors should take note of the upcoming holidays. Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on 2nd October in observance of Mahatma Gandhi’s birth anniversary.

    Trading across various segments, including equity, equity derivatives, currency, SLB, commodity and Electronic Gold Receipts (EGR) will be closed on 2nd October, as per the Bombay Stock Exchange’s website. Similarly, the National Stock Exchange has also marked 2nd October as a holiday for equity trading, according to its holiday calendar.

    Here’s the updated list of stock market holidays in 2024:

    – 2 October 2024 – Gandhi Jayanti

    – 1 November 2024 – Diwali

    – 15 November 2024 – Guru Nanak Jayanti

    – 25 December 2024 – Christmas

    Performance of the Stock Market on September 27

    On September 27, the Nifty 50 hit a new all-time high of 26,277, but later ended the day 37 points lower, closing at 26,179, a 0.14 per cent drop. Meanwhile, the Sensex also reached a record high of 85,978.25 during trading hours before slipping by 264.27 points, finishing at 85,571.85, down 0.31 per cent.

  • Rupee Closes 3 Paise Higher at 83.87 Against US Dollar | Economy News

    Mumbai: The rupee pared its initial gains and settled for the day 3 paise higher at 83.87 against the American currency on Monday, weighed down by a surge in crude oil prices.

    Forex traders said the Indian rupee gained in morning trade on rise in domestic markets and a weak US dollar. However, a surge in crude oil prices capped sharp gains for the local unit. At the interbank foreign exchange market, the local unit opened at 83.83 and touched an intra-day high of 83.80 against the US dollar and a low of 83.91.

    The domestic currency finally settled at 83.87, 3 paise higher from its previous close. On Friday, the rupee traded in a narrow range and settled higher by 3 paise at 83.90 against the American currency.

    Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.07 per cent higher at 100.78. The US dollar had witnessed a sharp correction and fell to the lowest level since July 2023, on dovish comments by Fed Chair Jerome Powell at the Jackson Hole Symposium.

    “We expect the rupee to trade with a slight positive bias on risk in global risk sentiments amid dovish Fed speak and rising expectations of a rate cut by the Fed in September. However, geopolitical tensions in the Middle East and rising crude oil prices may cap the sharp upside,” said Anuj Choudhary — Research Analyst at Sharekhan by BNP Paribas.

    Meanwhile, Brent crude, the global oil benchmark, advanced 0.92 per cent to USD 79.75 per barrel. On the domestic equity market front, Sensex advanced 611.90 points, or 0.75 per cent, to close at 81,698.11 points. The Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60 points.

    Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday, as they purchased shares worth Rs 483.36 crore, according to exchange data.

    India’s forex reserves had jumped USD 4.546 billion to USD 674.664 billion during the week ended August 16, the Reserve Bank of India said on Friday. In the previous week, the forex kitty had dropped USD 4.8 billion to USD 670.119 billion.

  • Stock Market Crash: As Market Continues To Bleed, Check 5 Factors Behind The Massive Fall Today | Markets News

    New Delhi: The stock market bloodbath on Monday eroded Investors’ wealth by Rs 17.11 lakh crore during the afternoon trade to Rs 4,40,04,979.86 crore. Led by a massive decline in its Asian peers, Indian stock market continued to bleed in the afternoon trade with BSE Sensex falling 2,686.09 points or 3.31 per cent to 78,295.86. The NSE Nifty on the other hand tanked 824 points or 3.33 per cent to 23,893.70.

    Siddarth Bhamre, Head of Research, Asit C Mehta Investment Interrmediates Ltd explained 5 factors behind the Indian stock market’s decline.

    1. Worsening US Job data – US non-farm payrolls were far below markets expectation and unemployment data rose to 4.3% instead of expectations of 4.1%. Rise in unemployment could reduce the probability of soft landing which FED was trying to keep interest rate higher to control inflation.

    2.  Reducing corporate profitability in US – Many large US companies whether in technology or consumption space have shown big correction as their earning disappointed.

    3. Global Equities and Geopolitics – Global market correction led by US and geopolitical issues pertain to Iran and Israel have also added its weight to this correction.

    4. Rich valuation of Indian equities – Indian markets have factored in several negatives news and continued to climb on wall of worries on back of very strong liquidity. There is not enough valuation support at this point in time.

    5. High weightage of banks and IT companies – More than 50% of Nifty or Sensex weightage is of BFSI and IT companies. The external factors today have more impact on IT and banking at large and hence quantum of correction is accordingly higher.

  • Market Valuation of Top 8 Firms Rises by Rs 2.10 Lakh Crore; TCS And LIC AT Forefront | Markets News

    New Delhi: The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers.

    Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new all-time high of 81,587.76 on Friday. Stock markets were closed on Wednesday on account of Muharram.

    From the top-10 group, the valuation of TCS zoomed Rs 42,639.16 crore to Rs 15,56,772.61 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) surged Rs 36,748.23 crore to Rs 7,01,695.24 crore.

    Infosys added Rs 33,569.16 crore, taking its valuation to Rs 7,44,396.43 crore, while State Bank of India’s mcap climbed Rs 26,372.23 crore to Rs 7,93,576.49 crore. Hindustan Unilever’s mcap soared Rs 24,494.49 crore to Rs 6,40,651.30 crore, and that of ITC jumped Rs 19,420.52 crore to Rs 5,92,679.30 crore.

    The market valuation of Bharti Airtel went up by Rs 16,223.03 crore to Rs 8,31,928.39 crore, and that of ICICI Bank climbed Rs 10,863.44 crore to Rs 8,78,531.60 crore. However, the market valuation of Reliance Industries diminished by Rs 56,799.01 crore to Rs 21,03,829.74 crore.

    The mcap of HDFC Bank declined by Rs 13,124.01 crore to Rs 12,22,701.34 crore. In the top-10 table, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever and ITC.

  • Stocks In Spotlight 18 July 2024: Five Stocks To Track Today | Markets News

    New Delhi: Markets continued its record-breaking run for the third straight day on Tuesday with Sensex and Nifty closing at fresh record high levels. Sensex ended at 80,716.55 and Nifty finished at 24,613. Markets were closed yesterday for Muharram.

    “Despite the recent slowdown in Nifty’s upward momentum, the overall sentiment remains positive, with a higher support base forming in the 24,150-24,350 range. Therefore, our advice remains focused on careful stock selection and effective trade management strategies,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.

    Meanwhile, ahead of the market opening today, as per Zeebiz, Asian Paints, LTIMindtree, Tanla Platforms, Can Fin Homes are likely be in focus today.

  • Stocks In Spotlight 16 July 2024: Five Stocks To Track Today | Markets News

    New Delhi: Markets closed at new record highs on Monday. The 30-share BSE Sensex finished at 80,664.86 while the NSE Nifty ended at an all-time closing high of 24,586.70.

    “We maintain a positive outlook and recommend a “buy on dips” strategy. In addition to favorable domestic factors, positive global cues are boosting sentiment. Traders should continue to focus on stock selection and trade management,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.

    Meanwhile, ahead of the market opening today, as per Zeebiz, Nestle India, SpiceJet, Dr Reddy’s, Bajaj Auto, M&M Financial, Lupin are likely be in focus today.

    1. Hindustan Unilever Ltd (HUL)

    HUL has informed in a regulatory filing that the Board of Directors at their meeting held on 15th July, 2024, has approved the sale and divestment of Company’s Water Purification business carried under the brand ‘Pureit’ including the trademarks, copyrights and other intellectual properties and identified assets and contracts associated with the business, as a going concern on slump sale basis, to A. O. Smith India Water Products Private Limited.

    2. Lupin 

    Lupin has announced that it has divested  the Company’s US Commercial Women’s Health Specialty Business, including Solosec, to Evofem Biosciences, Inc., a U.S. biopharmaceutical company focused exclusively on Women’s Health.

    3. Vedanta 

    Vedanta has announced the launch of its qualified institutional placement (QIP) issue at a floor price of Rs 461.26 apiece, aiming to reducing debt and fulfilling certain capital expenditure obligations.

    4. Bajaj Auto

    The auto major is set to release April-June (Q1 FY25) results today.

    5. HAL & Bharat Electronics

    The Union Civil Aviation Ministry has announced a uniform 5 per cent Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts, effective July 15th, 2024.

  • Stocks In Spotlight 28 June 2024: Five Stocks To Track Today | Markets News

    New Delhi: Sensex breached the historic 79,000 level for this first time yesterday while Nifty closed at 24,000, its new peak amidst buying in blue-chip stocks.  The BSE Sensex soared 568.93 points or 0.72 percent to close at new peak of 79,243.18 while the NSE Nifty ended at a new record high of 24,044.50.

    Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd said, “Indian equity indices registered strong gains, hitting fresh record highs during the F&O expiry day. The Nifty IT index witnessed strong rally and advanced 2.03% to end at 36,124. Technically, the index has achieved short term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then rally could extend towards 24,250-24,500 in the short term.”

    Meanwhile, ahead of the market opening today, as per Zeebiz Bank of Baroda, HCL Technologies, KIMS, Defence stocks, Telecom stocks, are likely be in focus today.

    1. HCL Technologies


    As per news reports 0.46 percent equity stake HCL Technologies is likely to be sold at Rs 1,757 crore through a block deal.

    2. Bank of Baroda

    Bank of Baroda shares are scheduled to trade ex-dividend on June 28. The board of directors of the bank had in may recommended a dividend of Rs 7.60 per equity share of face value of Rs 2 each for the Financial Year ended March 31, 2024.

    3. KIMS

    The board of KIMS (Krishna Institute Of Medical Sciences Ltd) is scheduled to meet on Friday to consider a)Sub-division/split of existing 1 (One) Equity Share of the face value of Rs 10 each fully paid up into 5 (Five) Equity Shares of the face value of Rs 2 each fully paid up. b) Reclassification of the persons from the ”Promoter Group’ Category to the ”Public” Category.

    4. Defense Stocks
     
    Zeebiz has reported that Defense Shares will be in focus as the ‘centre has allowed an extension in customs duty waiver on the import of some of the components.’

    5. Telecom Stocks

    Telecom Stocks of companies like Bharti Airtel, Vodafone Idea will be in focus. Reliance Jio, India’s top telecom operator, yesterday announced a 12-27 percent hike in mobile tariffs — the first in two and half years, setting the stage for other telcom operators to raise charges.