Market News
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Nifty trades above 24,000 level; media shares in demand
At 10:25 IST, the barometer index, the S&P BSE Sensex, jumped 483.26 points or 0.63% to 76,961.93. The Nifty 50 index surged 144.30 points or 0.61% to 24,007.15.
MFs wary of Sebi plan to allow celeb ads, cite mis-selling, edge for big entities
Sebi's proposal to let mutual fund houses use celebrity endorsements has sparked a debate over investor protection and competition. While supporters say it could bring in more first-time investors, critics fear higher mis-selling risks and a growing advantage for large fund houses.
Axis MF unveils digital solution to unlock ₹25 trillion MSME opportunity
Asset manager launches Axis Account Plus, a digital treasury management solution that enables MSMEs to invest surplus working capital seamlessly in liquid and mutual fund schemes
Nifty ends below 23,900 as IT stocks drag; Eicher Motors drops over 4%
The S&P BSE Sensex declined 249.70 points or 0.33% to 76,478.67. The Nifty 50 index fell 80.50 points or 0.34% to 23,865.75. In two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%.
Sensex, Nifty hover near flatline; broader market outperforms
At 14:30 IST, the barometer index, the S&P BSE Sensex shed 41.76 points or 0.06% to 76,686.61. The Nifty 50 index slipped 8.90 points or 0.04% to 23,936.70.
Healthcare, banks and EVs remain long-term bets: Invesco Mutual Fund's Taher Badshah
Taher Badshah, Chief Investment Officer at Invesco Mutual Fund, expects EV adoption to increase gradually with policy support, while opportunities are emerging in power distribution alongside transmission. Badshah also said SIP inflows remain stable and mutual fund industry trends are not showing signs of concern.
Nifty trades below 23,950; realty shares in demand
At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 54.63 points or 0.07% to 76,677.54. The Nifty 50 index lost 10.55 points or 0.04% to 23,935.70.
MFs kept buying these 11 stocks for 8 straight quarters; shares surge up to 250% in 2 years
Mutual funds increased holdings for eight consecutive quarters in 36 BSE 1000 companies, signalling sustained institutional conviction. While several stocks delivered strong returns and some more than doubled investor wealth, consistent institutional buying did not guarantee gains, with a few stocks posting sharp declines despite rising mutual fund ownership.
INR loses momentum in opening trades as geopolitical uncertainty continues to weigh
The Indian rupee lost momentum against the American currency in early trade on Tuesday, as month-end demand for dollars from importers and corporates added pressure on the domestic unit. INR opened at Rs 94.60 per dollar and slipped to a low of 95.55 before recovering back to 94.63 so far during the day. Losses for the rupee were partly cushioned by relatively stable crude oil prices globally. However, concerns about potential supply disruptions in the Gulf and continued uncertainty around the Strait of Hormuz weighed on investor sentiments. Meanwhile, the Indian stock market opened higher this morning, with the BSE Sensex rising around 100 points to hover near the 76,825 mark and the Nifty 50 crossing the 24,030 level, which could lend some support to the local currency.
National Aluminium Company Ltd Falls 2.35%
National Aluminium Company Ltd has lost 20.05% over last one month compared to 8.25% fall in BSE Metal index and 2.98% rise in the SENSEX
Aditya Birla Real Estate Ltd Spikes 1.52%
Aditya Birla Real Estate Ltd has added 7.58% over last one month compared to 5.2% gain in BSE Realty index and 2.98% rise in the SENSEX
Market nudge lower in early trade; breadth positive
At 09:31 IST, the barometer index, the S&P BSE Sensex, fell 141.88 points or 0.18% to 76,586.49. The Nifty 50 index lost 53.20 points or 0.23% to 23,892.95.