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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Nifty trades above 24,000 level; European mrkt advance
All the sectoral indices in the NSE were traded in green with realty, media and consumer durables shares led the rally.
Nifty trades above 24,150; European mrkt advance
At 13:30 ST, the barometer index, the S&P BSE Sensex, soared 500.44 points or 0.65% to 77,512.65. The Nifty 50 index rose 153.95 points or 0.64% to 24,178.10.
Stock Market LIVE: Sensex gains 400 pts; Nifty tops 24,150; auto, realty stocks advance
Sensex Today | Stock Market LIVE Updates Thursday: In the broader markets, the Nifty MidCap and the SmallCap were trading 0.56 per cent and 0.36 per cent higher, respectively
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
Sensex, Nifty surge over 1%; European mrkt advance
Barring pharma, all the sectoral indices on the NSE were traded in green, led by gains in realty, auto and metal shares.
Mid and smallcaps get the money as Nifty lags
Investors are increasingly bullish on mid and small-cap stocks, reflecting a notable shift in market sentiment. The Advance-Decline Ratio has shown resilience for the past two months, leading to record highs in midcap and smallcap indices. Meanwhile, large-cap stocks are grappling with foreign selling pressure, suggesting that mid and small caps may continue to shine in the near future.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.
ACME Solar Shares Jump After Raising Rs 2800 crore through QIP; Seen 65% Surge In Six Months
Key investors who have participated in the QIP included Nippon India Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, and SBI Life Insurance, among others.
Friday rout drags Sensex, Nifty into weekly loss; benchmarks fall nearly 2%
Benchmark indices fell nearly 2% each during the session, while the Nifty Bank and Midcap indices declined more than 1%. Market breadth remained weak with the advance-decline ratio at 1:2.
Indices trade with significant cuts; consumer durables share advance
The Nifty traded below the 23,750 mark. Consumer Durables shares advanced after declining for previous trading session.
Nifty trades below 23,800 level; European mrkt advance
The key equity benchmarks traded with modest cuts in the afternoon trade as investors monitored escalating geopolitical and political tensions in the Middle East. The Nifty traded below the 23,800 level.