Market gives thumbs up BJP’s hat-trick in Hindi heartland; Sensex surges 1,100 pts to hit new high
Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
Sensex falls 732 points from day’s high to end 181 points lower; here’s why
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Market at new high: Sensex crosses 64,000, Nifty hits 19,000; will the rally sustain?
As Nifty breaks 19,000 level, it may induce an upward movement towards the 19,450, says analyst at LKP Securities.
From ₹577 to ₹1,131: This midcap stock doubled investors’ money in less than 3 months
This speciality chemical stock touched all-time high of ₹1,131 intraday today, while it surged 106% against its 52-week low of ₹547.10 hit on June 20, 2022.
From ₹344 to ₹848: This multibagger stock zooms 146% in 10 months; 41% in a month
On Monday, the midcap stock surged as much as 9.2% to hit a record high of ₹847.6 on the BSE on the back of strong volume.
FY21: A bumper fiscal for the bourses
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
The significance of the Sensex breaching 50K
Market experts welcome the 30–stock benchmark adding 6,000 points since December 1, but also caution against stretched valuations.
Markets 2020: A volatile year of lows and highs
While the year was marred by the Covid-19 pandemic, lockdowns, and negative GDP, the equity benchmark indices, however, saw record highs. Will the trend continue in 2021 too?
U.K.’s mutant Coronavirus stings Indian equities
Fears over a new strain of the Coronavirus, discovered in the U.K., hit India's stock market on Monday, with benchmark equities witnessing the hardest fall in the past seven months.
When fear overtakes greed
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.