Tag: bse

MARKET UPDATE:BSE Sensex up 54 points at 61,277 and NSE Nifty50 36 points up 18,292

Monday, January 17, 2022
The Indian benchmark indices started on a slightly positive note today(117th January 2022) amid mixed global cues. The BSE Sensex was up 54 points at 61,277 and the NSE Nifty50 was 36 points up 18,292. In the broader market, the BSE MidCap and SmallCap indices were also in green and were up 0.4 and 0.6 percent, respectively. Among the Sensex-30 constituents, Maruti, SBI, Infosys, Bajaj Finserv, ICICI Bank, PowerGrid, HDFC Bank, and RIL were the top gainers. On the Nifty, Hero MotoCorp, Tata Motors, ONGC, and BPCL were the additional gainers. On the downside, HCL Tech was the biggest loser, down over 6 percent on the NSE. The IT major had reported its Q3 results over the weekend. While it met street expectations on quarterly revenue and profit. On a yearly basis, the company's PAT fell 13 percent. Read more

MARKET UPDATE:BSE Sensex up 343 points 60,960, and NSE Nifty nearly 100 points higher at 18,154

Wednesday, January 12, 2022
The Indian benchmark indices were firm in early morning deals today(12th January 2022) holding their opening gains on the back of buying in heavyweight RIL, private lender HDFC and select banking counters such as ICICI Bank, Kotak Bank, and SBI. All of these were up between 0.9-1.6 percent. The BSE Sensex was up 343 points 60,960, after reclaiming the 61,000 mark at open. The NSE Nifty was nearly 100 points higher at 18,154. The BSE MidCap and SmallCap indices too were firmly positive and were up 0.7 and 0.8 percent, respectively. Sectorally, on the NSE, the Realty index was the leading gainer, up nearly 3 percent, followed by metals, energy, and PSU Banks. Read more

MARKET UPDATE:BSE Sensex up over 174 points at 60,570, and NSE Nifty at 18,047, higher by 44 points

Tuesday, January 11, 2022
The Indian benchmark indices started on a positive note today(11th January 2022) extending the previous session's strong rally. The BSE Sensex was up over 174 points at 60,570, and the NSE Nifty was at 18,047, higher by 44 points. In the broader market, the BSE MidCap and SmallCap indices were also in the green zone and were up 0.2 and 0.6 percent, respectively. Among the Sensex-30 constituents, HDFC, NTPC, Ultratech Cement, PowerGrid, Sun Pharma, HUL, IndusInd Bank, Bajaj Finserv, Titan, and Dr. Reddy's were the top gainers, up between 0.4-1.6 percent. On the Nifty, Grasim, Tata Consumer, Shree Cement were the additional gainers. Meanwhile, Tata Steel, Bajaj Finance, Asian Paints, M&M, Kotak Bank, L&T, ICICI Bank, SBI, and Axis Bank were the top losers, down 0.3-4 percent on the BSE. Read more

MARKET UPDATE:BSE Sensex up 464 points at 60,209, and NSE Nifty higher by 136 points at 17,949

Monday, January 10, 2022
The Indian benchmark indices today (10th Jan.2021) were firmly holding their opening gains amid broad-based buying and gains in heavyweights ITC, Infosys, and HDFC Bank. The BSE Sensex was up 464 points at 60,209, and the NSE Nifty was higher by 136 points at 17,949. The two indices were up 0.8 percent each. In the broader markets, the BSE MidCap and SmallCap indices were also higher by up to 0.9 percent. Among the top gainers were Maruti (up 3.6 percent), ITC (up 2.1 percent) Infosys (up 1.7 percent), and banking stocks on the Sensex. Further, shares of Tata Consultancy Services (TCS) jumped 3 percent to Rs 3,979.90 on the BSE after India's largest information technology (IT) firm said its board will consider a buyback proposal on Wednesday, January 12, 2022. The stock traded close to its record high level of Rs 3,990 touched on October 8, 2021. Read more

MARKET UPDATE:Sensex testing the 58,000-mark,up over 100 points and the Nifty50 nearky 30 points higher, at 17,272

Wednesday, December 29, 2021
The Indian benchmark indices continued to inch up and held onto mild gains today (29th December 2021). The BSE Sensex was testing the 58,000-mark and was up over 100 points, while the NSE Nifty 50 was nearly 30 points higher, at 17,272. The broader market was a bit higher than the frontline indices. The BSE MidCap and SmallCap indices were trading 0.4 and 0.7 percent higher, respectively. Among stocks, Amara Raja Batteries was up 1 percent after the company, as part of its strategic initiatives to venture into the new-energy business and EV batteries agreed to invest up to Euro 10 million by way of equity and convertible bonds in InBot Auto AS, Oslo Norway. Read more

MARKET UPDATE:Sensex up 393 points at 57,814 and the Nifty50 at 17200, up 114 points

Tuesday, December 28, 2021
The Indian benchmark indices opened higher today(28th Dec.2021) supported by robust global sentiment and were rallying up to 0.7 percent. The BSE Sensex was up 393 points at 57,814 and the Nifty50 was at 17200, up 114 points. In line with this, broader market indices-BSE MidCap and SmallCap-were also in the positive zone, trading 0.5 percent and 0.8 percent up, respectively. On the NSe, Nifty SmallCap 100 and 250 indices were leading the gains, trading 1.2 percent up. On the Sensex, apart from Dr. Reddy's Labs, down 0.5 percent, the rest were trading in the green. Asian Paints, HCL Technology, PowerGrid, Infosys, NTPC, Axis Bank, Tech Mahindra, Bajaj Finserv, SBI Bank were the leading gainers, up 0.6-1.4 percent. Read more

BSE IT Index trading at P/E multiple of 34.3x - nearly 29% higher than that of Sensex

Wednesday, December 8, 2021
Tata Consultancy Services, Infosys, Wipro, and HCL Technologies, etc., India’s leading information technology (IT) services companies, are the flavor of the season on D-Street. The IT industry valuation premium over the broader market is now at its highest level in more than a decade as investors continue to accumulate the shares of top IT companies and go underweight on at-risk sectors, such as banking, oil and gas, metals, and even fast-moving consumer goods companies (FMCG). The BSE IT Index is currently trading at a trailing price-to-earnings (P/E) multiple of 34.3x — nearly 29 percent higher than the benchmark BSE Sensex P/E multiple of 26.6x. In contrast, till six months ago, the IT index was trading at a discount to the benchmark index. This is the first time in five years that the IT index valuations are higher than the benchmark indexes. Read more

MARKET UPDATE:Sensex slipped 71 points at 57,625 levels while the Nifty50 was at 17,169, up 28 points

Monday, December 6, 2021
Indian equities started in the red today(6th December 2021), down 0.12 percent, on the bourses. The BSE Sensex slipped 71 points at 57,625 levels while the Nifty50 was at 17,169, up 28 points. In the broader markets, the BSE MidCap index was up 0.15 percent and the BSE SmallCap index added 0.14 percent. Sectorally, realty and media stocks were the only gainers. On the flip side, auto, financials, and IT stock were in the red. The overall market breadth was in the favour of buyers with over 1,500 stocks advancing on the BSE. Meanwhile, around 990 stocks were in the red.

MARKET UPDATE:Frontline indices extended their losses;Sensex tumbled 439 points to 56,668 levels while Nifty at 16,863, down 163 points

Monday, November 29, 2021
The Indian frontline indices extended their losses in today's(29th Nov.2021) deals amid weakness in Asian markets as investors continue to monitor developments surrounding the recently discovered omicron, Covid variant. The BSE Sensex tumbled 439 points, or 0.77 percent, to 56,668 levels and the Nifty50 slipped below 16900-mark at 16,863, down 163 points. In the broader markets, the BSE MidCap and SmallCap indices fell up to 3 percent.

MARKET UPDATE:Sensex registered a new high at 61,159 while Nifty touched a new summit at 18,295

Thursday, October 14, 2021
The Indian markets continue to trade on a firm note well supported by IT stocks following a good Q2 show today(14th Oct.2021). The BSE Sensex so far has registered a new high at 61,159 and was up 352 points at 61,089. The NSE Nifty touched a new summit at 18,295 and was up 111 points at 18,273. The BSE IT index has pared considerable gains but is still up 1.2 percent at 35,217. The index had touched a high of 35,794. The BSE Realty, Metal, and Capital Goods indices are the other major gainers, up 1.3-2.7 percent, each. Infosys which touched a high of Rs 1,784, was up 1.4 percent at Rs 1,733. Wipro touched a new high at Rs 723.65 on the BSE and continues to trade firm, at Rs 705, up 4.8 percent. Tech Mahindra has gained 1.4 percent, while HCL Technologies has slipped into the red, down 0.8 percent at Rs 1,255 ahead of its results. Read more

MARKET UPDATE:Sensex down 83 points at 60,052 levels while Nifty down 10 points at 17,936

Tuesday, October 12, 2021
The markets were exhibiting volatility in early morning trade today (12th Oct.2021), amid negative gloabl cues and stock specific trading action. The BSE Sensex touched a low of 59,992 in the opening deals, but soon recovered losses and jumped to a high of 60,264. The Sensex, however, could not hold gains for long, and slipped back into the negative zone, down 83 points at 60,052.The NSE Nifty 50 index was down 10 points at 17,936. The broader markets, however, were holding some gains. The BSE Midcap was up 0.1 per cent at 26,000, and the Smallcap index was up 0.2 per cent at 29,555. IT stocks continued to reel under selling pressure for the second straight day. The BSE IT index was down 0.4 per cent at 34,600. The BSE Realty index is the other major loser, down 0.8 per cent at 4,177. Read more

Action now shifted to the mid-and small-cap segments after the stupendous rally

Tuesday, October 5, 2021
Now the action seems to have shifted to the mid-and small-cap segments after the stupendous rally that saw the S&P BSE Sensex cross the 60,000 mark on September 24. At a time when the markets navigated through an uncertain phase of rising oil prices, plans of liquidity taper by the US Federal Reserve (US Fed), and developments in China, S&P BSE Sensex slipped over 1 percent. The mid-and small-cap indices on the BSE, on the other hand, moved up over 2 percent and 1 percent, respectively during this period. Gains in some of the individual stocks in the mid-and small-cap space have been noticeable. India Glycols, Patel Engineering, Brightcom, Godfrey Phillips India, Tejas Networks, and IDBI Bank have surged 24 percent to 47 percent during this period, ACE Equity data show. Read more

MARKET UPDATE:Sensex surged past the 60,000 mark for the first time while Nifty 105 points higher at 17,927

Friday, September 24, 2021
The Indian markets made history as Sensex surged past the 60,000 marks for the first time, achieving another feat since the bull run started last year. Led by strong gains in IT and banking counters, the BSE Sensex was trading 400 points up at 60,286 and the Nifty was 105 points higher at 17,927. The top gainers in the 50-pack index included Infosys, Wipro, and HCL Tech, while the top losers were Hindalco, JSW Steel, and Tata Consumer Products. The broader indices, too, opened firm, with the Nifty Midcap 100 up 0.5 percent and the Smallcap 100 higher by 0.74 percent. The volatility indicator--India VIX--rose by 1.14 percent at 16.79 level. Further, sectorally, the top gainer remained to be the Nifty IT pack, which rose over 2 percent. The only sectoral laggards in opening trade were Nifty Media (down 0.93 percent), Nifty Metal (0.84 percent), Nifty FMCG (down 0.14 percent), and Nifty PSU Bank (down 0.02 percent).

No need to lap up metal stocks yet, hint tech charts

Tuesday, September 21, 2021
On Monday(20th Sept.2021) metal shares witnessed their biggest meltdown in recent times as a debt crisis at one of China’s biggest property developers, Evergrande, led to a global decline in industrial metals and ore prices. The BSE Metal index tumbled nearly 7 percent in trade in the last session. Naturally, the question arises that Should you enter the stocks at current levels or wait for them to turn cheaper? Tech charts suggest the latter seems to be a better option. Read more

MARKET UPDATE:BSE Sensex rose 117 points at 58,360-level while NSE Nifty nearing the 17,450 mark,up 45 points

Wednesday, September 15, 2021
The Indian benchmark indices extended gains (today) after a beginning on a cautious note with the 50-pack Nifty nearing the 17,450 marks as it traded 45 points higher. Meanwhile, BSE Sensex rose 117 points at 58,360-level. Titan, NTPC, Airtel, and M&M were the top-performing stocks in the Sensex kitty of stocks, up between 1-3 percent. Axis Bank, TechM, HDFC Bank, and HCL Tech, on the other hand, were the worst laggards. The broader market outperformance showed no signs of abating. The BSE Midcap and Smallcap indices were up nearly 0.4 percent each. Sectorally, Nifty Private Bank, Nifty Bank, and Nifty Financial Services were the only losers. Media pack once again was the best performer, up 2 percent. Other top gainers included realty, FMCG, and auto. Read more

MARKET UPDATE:BSE Sensex was down 36 points at 58,172 while NSE Nifty shed 18 points to trade at 17,333

Thursday, September 9, 2021
The Indian benchmark indices continued to consolidate for the third day in a row as they opened marginally in the red. Profit-taking at all-time high levels and tepid global cues kept the market mood subdued. BSE Sensex was down 36 points at 58,172 while NSE Nifty shed 18 points to trade at 17,333. Axis Bank, Infosys, M&M, and Sun Pharma were the top Sensex losers while Kotak Bank, Bajaj Finserc, and Airtel were the best gainers. In the broader markets, the BSE Midcap index was unchanged while BSE Smallcap rose 0.2 percent. Sectorally, IT names continued to be under pressure while banking and financial names gained traction.

Sensex snaps 3-day winning run, lost only 17 points to end at 58,280 and Nifty closed at 17,356, down 21 points

Tuesday, September 7, 2021
A volatile trade was witnessed on Dalal street (today(7th September 2021) as bulls and bears were caught in a fierce battle. Investors looked to lock in gains after a recent rally and a subdued global market mood but most dips were bought into, which left indices unchanged at close. The BSE Sensex lost only 17 points to end at 58,280. Meanwhile, NSE Nifty closed at 17,356, down 21 points. Both indices snapped their three-day winning streaks but did manage to hit new highs in intra-day deals (Sensex at 58,553 and Nifty at 17,437). In the 30-pack Sensex, 12 stocks ended in the green and 18 in the red. Bharti Airtel, HDFC, IndusInd Bank, and ITC, up between 1-3 percent, were the top gainers. Tech Mahindra, Sun Pharma, Axis Bank, and HCL Tech on the other hand were the worst losers. Read more

MARKET UPDATE:Volatile markets;BSE Sensex rose 112 points at 58,409 levels and Nifty at 17,420, up 42 points

Tuesday, September 7, 2021
Benchmark indices in India traded with tepid gains today(7th September 2021) amid muted global cues, supported by no negative domestic triggers. The BSE barometer of 30 shares rose 112 points, or 0.2 percent, at 58,409 levels in early deals while the NSE's Nifty50 held above the 17,400-mark at 17,420, up 42 points. Asian Paints, Tata Consumer Products, HUL, ITC, and Britannia lifted the benchmarks, rising up to 1 percent. On the downside, Wipro, BPCL, Coal India, and Sun Pharma capped gains. In the broader markets, the BSE MidCap and SmallCap indices gained 0.3 percent and 0.2 percent, respectively.

MARKET UPDATE:BSE Sensex traded at 57,679 level, up 126 points and Nifty at 17,176, up 44 points

Wednesday, September 1, 2021
Indian benchmark indices came off highs but were trading in the green today(1st September 201) amid gains in realty, energy, FMCG, and auto stocks. The frontline S&P BSE Sensex traded at 57,679 level, up 126 points on the BSE while the broader Nifty50 was at 17,176, up 44 points. Earlier today, the indices hit new lifetime highs of 57,765.92 and 17,185.60, respectively. Axis Bank (up 3 percent), L&T, Bajaj Auto, Asian Paints, and Nestle India were the top gainers on the BSE barometer. On the contrary, HDFC (down 1 percent), Bharti Airtel, Tata Steel, and Maruti Suzuki were the top laggards. Meanwhile, in the broader market, the BSE MidCap and SmallCap indices advanced 0.7 percent each.

BSE has sought to cap the price movement of select scrips, especially the mid-, small-cap segments

Thursday, August 12, 2021
A quick calendar year-to-date price check on the stocks from the categories put under 'Add-on Price Band Framework' by the BSE reveals a total of 210 stocks have seen their market price more than double. This may be the reason for the BSE to cap the price movement of select scrips, especially the mid-, small-cap segments, traded on the exchange. Stocks like SC Agrotech, Adinath Textiles, Waaree Renewable Technologies, Steel Strips Infrastructure, Unistar Multimedia, Texel Industries, Raja Bahadur International, and Hindustan Everest Tools from the BSE's X and XT group have rallied over 500 percent during this period.

Is it time to look at oil marketing companies(OMC) stocks?

Monday, July 26, 2021
Crude prices have recovered from last week's low of $67.42, although the momentum is not showing much excitement. In the meantime stocks of oil marketing companies (OMCs) are witnessing some profit-taking. Shares of BPCL and Hindustan Petroleum Corporation (HPCL) have declined over 10 percent from the highs touched last month. But a rebound in the last couple of sessions signals stocks could gain momentum. Here is some technical analyses of some major OMCs: S&P BSE OIL & GAS Outlook: Weak momentum at current levels The index has broken its 50-days moving average (DMA) and 100-DMA placed at 16,356 and 15,778, respectively, suggesting resistance at higher levels. The next support for the index comes at its 200-DMA, placed at 14,745, as per the daily chart. While the current momentum indicates weakness, a firm close above 100-DMA may help the index regain positive strength, following which a rally towards 50-DMA is likely. Read more

MARKET UPDATE: Sensex traded at 53,215 levels, up 56 points and Nifty at 15,949 levels, up 25 points

Friday, July 16, 2021
Indian equity markets sustained their uptrend today(16th July 2021) despite the weak global trends and the benchmark indices hitting a new record high in intra-day deals. The S&P BSE Sensex traded at 53,215 levels, up 56 points or 0.11 percent while the Nifty50 was at 15,949 levels, up 25 points. In the intra-day trade, the indices touched new lifetime highs of 53,291 and15,962.25, respectively. The BSE MidCap and SmallCap indices advanced 0.11 percent and 0.38 percent in the broader market, respectively. Read more

MARKET UPDATE: sensex at 53,067 levels, up 160 points and Nifty up 41 points, to quote at 15,895 levels

Thursday, July 15, 2021
Indian benchmark indices saw modest gains on Dalal Street today(15th July 2021) amid mixed global cues. The frontline S&P BSE Sensex was at 53,067 levels, up 160 points or 0.31 percent. It's NSE counterpart, Nifty50, added 41 points, or 0.26 percent, to quote at 15,895 levels. Shares of Infosys added 1 percent in early deals as the IT major raised its revenue growth guidance for FY22 to 14-16 percent from an earlier estimate of 12-14 percent. L&T, HCL Tech, and Tech M were the other top gainer on the BSE barometer. The BSE MidCap index added 0.25 percent while the BSE SmallCap index advanced 0.63 percent. Twenty-two companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech, and Cyient are slated to post their quarterly numbers today. Read more

Frontline equity indices turned highly volatile towards the fag-end of the session

Tuesday, July 6, 2021
The frontline equity indices turned highly volatile towards the fag-end of the session today (6th July 2021) as profit-booking in all but the financial sector dragged them in the negative territory. The 30-share BSE barometer dropped 268 points from the record peak of 53,129, touched earlier today, to settle at 52,861 levels, down 19 points or 0.04 percent. Only 11 of the 30 constituents on the index managed to end in the green led by UltraTech Cement (up 3 percent), HDFC Bank, Bajaj twins, Kotak Bank, IndusInd Bank, and Tata Steel. On the NSE, the broader Nifty50 declined 16 points, or 0.10 percent, to end at 15,818 levels. Tata Motors, down 8.5 percent, ended as the top laggard on the index after its UK subsidiary Jaguar Land Rover (JLR) said it expects an operating cash outflow of about £1 billion, with negative earnings before interest tax (EBIT) margin in the second quarter ended September 2021 (Q2FY21), due to the supply constraints. Read more

BSE Smallcap index hits new high

Monday, July 5, 2021
Shares of small-cap companies were on a roll today (5th July 2021) with the S&P BSE SmallCap index hitting a new high of 25,809 on the BSE in the intra-day trade on the back of a strong rally in telecom, agrochemicals, fertilizers, chemicals, information technology (IT), textiles and pharmaceutical stocks. The S&P BSE SmallCap index was up 0.90 percent as compared to a 0.70 percent rise in the S&P BSE Sensex and a 0.29 percent gain in the S&P BSE MidCap index. In the past one month, the SmallCap index has outperformed the other two by surging 6.4 percent. In comparison, the benchmark Sensex and the MidCap indices gained 1.4 percent and 0.28 percent, respectively. Individually, HFCL, OnMobile Global, Zuari Agro Chemicals, Grauer & Weil (India), Jindal Worldwide, Apex Frozen Foods, Accelya Solutions India, Newgen Software Technologies, and KRBL soared between 11 percent and 20 percent in the intra-day trade today. Read more

MARKET UPDATE:Sensex gained 100 points at 52,650 levels and Nifty topped the 15,750-mark

Wednesday, June 30, 2021
The benchmark indices in India edged up in early deals today(3othJune 2021), amid largely positive cues from other Asian markets. The S&P BSE Sensex gained 100 points at 52,650 levels and the broader Nifty50 index topped the 15,750-mark. Maruti Suzuki, Titan, and Tata Steel were the top Sensex gainers. All the Nifty sectoral indices, barring Nifty Realty, traded in the green, led by the Nifty Metal index, up 0.75 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices traded 0.2 percent and 0.5 percent higher, respectively. More than 900 companies including SpiceJet, Vodafone Idea, Dish TV India, IRCON International, and Sadbhav Engineering are scheduled to release their quarterly earnings today. Read more

BSE IT index hits record high

Friday, June 11, 2021
Today (11th June 2021)Shares of information technology (IT) companies were in demand on the bourses with Wipro and Tech Mahindra hitting all-time highs, while Tata Consultancy Services (TCS) and Infosys were quoting close to their respective record highs on the BSE. Besides Wipro and Tech Mahindra, a total of 10 stocks including Mastek, Mindtree, Happiest Minds Technologies, Mphasis, and Coforge too hit their new highs in Friday's intra-day deals.TCS, meanwhile, gained 3 percent to quote at Rs 3,309, while Infosys was up 2 percent at Rs 1,451.55. TCS had hit a record high of Rs 3,358 on April 9, 2021, and Infosys had touched a high of Rs 1,480 on April 12. Among other individual stocks, Tech Mahindra hit a record high of Rs 1,082, up 2 percent on the BSE, surpassing its earlier high of Rs 1,081.35 touched on January 11, 2021. In the past one week, the stock has gained 6 percent. Read more

Closing Bell: Sensex up174.25 points, Nifty at 15799.35

Friday, June 11, 2021
At close, the Sensex was up 174.29 points or 0.33% at 52474.76, and the Nifty was up 61.60 points or 0.39% at 15799.40 hitting new lifetime highs. Axis Bank, ICICI Bank, L&T, HDFC Life, and SBI were the top losers. While Dr. Reddy’s, Power Grid, TCS, HCL Tech, and Infosys were the top gainers on Sensex. About 1744 shares have advanced, 1368 shares declined, and 138 shares are unchanged. The Nifty Metal index zoomed nearly 3 percent on the NSE, followed by the Nifty IT and Pharma indices, up over 1 percent higher each. The BSE MidCap index, on the other hand, closed 0.14 percent up while the BSE SmallCap index ended 0.4 percent higher. India VIX, the volatility gauge was down 6% on closing.

BSE Power index hits over 10-year high; profit booking advised by Analysts

Tuesday, June 8, 2021
Shares of power generation and distribution companies have rewarded investors handsomely over the past two months with returns of Reliance Infrastructure, JSW Energy, Adani Power, Power Grid Corporation, NTPC, Tata Power, and Torrent Power ranging between 8 percent and over 90 percent. In comparison, the frontline Sensex index has advanced around 6 percent while the BSE Power Index added 17 percent during the period, ACE Equity data show. On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Among individual stocks, Adani Power hit a record high of Rs 151, soaring 19 percent in intra-day trade on Tuesday, on the back of heavy volumes while Torrent Power and Tata Power gained over 4 percent each on the BSE. In comparison, the benchmark S&P BSE Sensex was down 0.17 percent. Read more

50 listed companies 'missing' after raising money

Friday, June 4, 2021
Fifty listed companies are not to be found on their registered address and had been suspended for violations for more than six months. The stock exchange has also been unable to contact them through other means. The BSE had reached out to them with show-cause notices in December 2020.The latest notice dated May 26 gave the companies 15 days to respond. A number of companies raised money from investors in the 1990s and then were untraceable. These came to be known as ‘vanishing companies’. “We have given the notice to non-compliant companies seeking compliance. Where the company does not respond, further steps as mentioned above will be taken. Declaring a company as a ‘vanishing company’ is done by the Ministry of Corporate Affairs as per their criteria,” said an exchange official. Read more

MARKET UPDATE:Sensex gained 320 points at 52,170 levels, and Nifty topped the 15,650-mark

Thursday, June 3, 2021
The markets in India edged higher in early deals today(3rd June 2021), up half a percent, tracking similar cues from other Asian markets. The S&P BSE Sensex gained 320 points at 52,170 levels, and the Nifty50 index topped the 15,650-mark. Titan rose 4 percent and was the top Sensex gainer, followed by Reliance Industries (up 2%). The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indexes ruled 0.7 percent and 0.9 percent higher, respectively. Twenty-nine companies, including GSPL, Arvind Fashions, and APL Apollo Tubes, are slated to announce their quarterly results today.

Sensex gained 6.5 per cent or 3,154 points;sharpest May-month rally in seven years

Monday, May 31, 2021
The S&P BSE Sensex posted its biggest May month rally in the past seven years. If analysts are to be believed, there is still more room for an upside, albeit amid minor corrections on the way. The optimism is despite the second wave of the Covid pandemic that brought the Indian economy to a near standstill yet again in 2021. This time, however, analysts believe the impact to be less severe as compared to 2020. “The risk-reward is still favorable for equities given the US Fed intervention to control yields. Any sell-off could offer a good buying opportunity as the medium-term outlook is solid. Our cyclical bias continues with a preference for mid-caps over large-caps,” say experts. Read more

Rally in domestic stocks despite contraction in FY21 GDP poses the risk of a bubble:RBI

Thursday, May 27, 2021
The rally in domestic stocks despite an estimated 8 percent contraction in FY21 GDP poses the risk of a bubble, according to a RBI study. RBI in a study “Is the Bubble in Stock Markets Rational?”, said the widening gap between stretched asset prices relative to prospects for recovery in real economic activity has emerged as a global policy concern while suggesting the need to consider a calibrated unwinding of stimulus once the pandemic waves are flattened and the real economy is firmly on a recovery path. The BSE Sensex hit a record high of 52,154 on February 15, which represented a 100.70 percent surge over March 23, 2020 levels. The index is hovering at 51,000-odd levels in Thursday's trade. “This order of asset price inflation in the context of the estimated 8 percent contraction in GDP in 2020-21 poses the risk of a bubble," it said. Read more

BSE SmallCap index hit a new record high of 23,093

Thursday, May 20, 2021
Today (20th May 2021) the S&P BSE SmallCap index hit a new record high of 23,093 in the intra-day trade driven by its constituents that have rallied by up to 112 percent in the past one month after the respective companies reported strong earnings to show for the quarter ended March 2021 (Q4FY21). At 12:48 pm, the S&P BSE Smallcap index, the top gainer among broader indices, was up 0.59 percent as compared to a 0.16 percent rise in the S&P BSE Midcap index and a 0.03 percent decline in the benchmark index S&P BSE Sensex. In the past month, the SmallCap index has rallied 11 percent as against a 4.6 percent and a 7.6 percent gain in the MidCap and Sensex, respectively. Automotive Axles, Gayatri Projects, Shakti Pumps, Pokarna, TV Today, TCI Express, Just Dial, Walchandnagar Industries, SORIL Infra Resources, H.G. Infra Engineering, Shivam Auto, and Emami Realty rallied between 10 percent and 20 percent in the intra-day session today.

More than half of BSE 500 stocks trade below their all-time highs

Wednesday, May 19, 2021
Two hundred and sixty-three stocks or more than half of stocks that comprise the BSE 500 are trading at least 10 percent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade today(19th May 2021), surpassing its previous high of 20,390 touched on March 12, 2021. The index, which accounts for 93 percent market capitalisation of BSE listed companies, has gained 8 percent from its recent low of 18,983 touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 percent during the same period but is still nearly 4.5 percent away from its all-time high level of 52,517 hits on February 16. Analysts ascribe the underperformance of bulk of BSE 500 stocks to a classic case of polarisation, where investors are lapping up stocks of sectors that are likely to do well going ahead. Read more

Auto sector problems to continue as downgrades loom under Pandemic

Tuesday, April 27, 2021
Over the past three months, the BSE Auto index has been underperforming the benchmarks amid multiple headwinds, including weak retail, rising commodity prices, and supply disruptions. The auto index, after outperforming the benchmarks for most of FY21, is down about 9 percent, as compared to the 2 percent decline in the Sensex during the last three months. The derating on the one-year forward price to earnings ratio has been higher, about 18 percent since January. Most analysts believe these headwinds will remain in the near term. “Due to the ongoing economic slowdown amid the second wave of Covid, the turbulence (demand woes) the sector is facing for over a month and a half is expected to continue into May, as well. On the other hand, higher commodity prices and other cost inflation would impact operating margins of these companies in the June quarter of FY22 and beyond.” say experts. Read more

YES Bank, TTML, Suzlon etc.hit upper circuit on BSE

Saturday, October 24, 2020
Among the 282 stocks that hit their respective upper circuit on the BSE on 23rd Oct.2020(Friday) YES Bank, Suzlon Energy, Tata Teleservices (Maharashtra) (TTML), MTNL, Reliance Power, Reliance Infrastructure, Future Consumer, Indiabulls Integrated Services, and Jet Airways (India) were the important ones. Indo Count Industries, Himatsingka Seide, Ramco Systems, and Godawari Power & Ispat were among the notable stocks that had only buyers queuing up. YES, Bank hit the upper circuit of 5 percent at Rs 13.35 on the BSE ahead of the September quarter results on Friday. The board of directors of the bank is scheduled to meet on October 23, 2020, to consider and approve unaudited financial results of the bank for the second quarter ended September 2020 (Q2FY21). The trading volume more-than-doubled with a combined 110 million shares changing hands, and there were pending buy orders for 14 million shares on the NSE and BSE, exchange data show. Read more

BSE listed companies' market-cap hits record high

Friday, October 9, 2020
The total market capitalisation of BSE-listed companies touched a new high of Rs 160.68 trillion today(9th Oct.2020), led by RIL, information technology (IT), and pharmaceutical stocks. Investor wealth of BSE-listed firms, measured by market capitalisation (m-cap), saw a previous record high of Rs 160.57 trillion, scaled on January 17, 2020. At 02:40 pm, the benchmark S&P BSE Sensex traded at 40,526 points. The index is just 4 percent away from its all-time high level of 42,273.87, touched on January 20, 2020. The S&P BS Sensex, however, ended the day at 40,509 levels - up 327 points, 0.8 percent. On the other hand, the S&P BSE Midcap and the S&P BSE Smallcap index are over 20 percent away from their respective record high levels hit during January 2018.

Mid, small-caps likely to outperform large-caps in 2020

Tuesday, August 11, 2020
Mid-and-small caps seem to be getting their mojo back with both these indices outperforming their large-cap peer after a subdued performance for the last two years. From their March 2020 low, the S&P BSE Mid-cap and S&P BSE Small-cap indices have surged 57 percent and 49 percent, respectively as compared to 47 percent rise in the S&P BSE Sensex. Even on a year-to-date basis, the returns have been better. The small-cap index on the BSE has moved up nearly a percent. The mid-cap index, however, lost 3.7 percent YTD, but is still better than the 7.5 percent fall in the S&P BSE Sensex during this period, ACE Equity data show. Read more

Blood bath in Dalal street: BSE Sensex nosedived 2713 points (8 %) to 31,390 levels while Nifty ended at 9,199, down 756 points (7.6 %)

Monday, March 16, 2020
Indian benchmark indices were trading over 8 percent lower, dragged down primarily by bank stocks, today, 16th, March as sell-off resumed after a day's halt. The uncertainty regarding the effect of the coronavirus epidemic kept investor sentiment in check even though the US Federal Reserve cut interest rates to near-zero on Sunday. RBI is expected to hold a media interaction at 4 PM today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment. Read more

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