Market News
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2 years, zero returns: Is it time for Nifty investors to be fearful or greedy?
Nifty investors face two years of flat returns, mirroring past periods that historically led to significant market recoveries. Data shows that after similar stagnation, one-year gains ranged from 5% to 50%. Valuations have become attractive, and earnings growth is projected to accelerate. Despite some concerns, the current market setup suggests a potential for strong returns as economic fundamentals improve.
Benchmarks hold their ground despite late profit booking
The benchmark indices ended marginally higher on Thursday, extending gains for a second straight session. The Nifty climbed to a more than one-month high of 24,261.60 around noon, supported by easing crude oil prices and buying in auto and FMCG stocks. However, profit booking in the second half erased most of the intraday gains, while weakness in metal, IT, oil & gas and energy stocks capped the upside. The Nifty still managed to close above the 24,000 mark. Broader markets underperformed, with the midcap and smallcap indices ending in the red.
Coal India Ltd eases for fifth straight session
Coal India Ltd is quoting at Rs 443.9, down 0.1% on the day as on 13:19 IST on the NSE. The stock jumped 13.31% in last one year as compared to a 4.75% slide in NIFTY and a 11.87% spurt in the Nifty Energy index.
Hindustan Petroleum Corporation Ltd up for third straight session
Hindustan Petroleum Corporation Ltd is quoting at Rs 400.85, up 1.03% on the day as on 12:49 IST on the NSE. The stock is down 1.79% in last one year as compared to a 4.99% slide in NIFTY and a 11.47% slide in the Nifty Energy index.
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.
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
Siemens Ltd soars 0.06%, gains for fifth straight session
Siemens Ltd is quoting at Rs 3727.7, up 0.06% on the day as on 12:44 IST on the NSE. The stock is up 13.48% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
Mahanagar Gas Ltd up for fifth session
Mahanagar Gas Ltd is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 13.08% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.
ABB India Ltd spurts 0.14%, gains for fifth straight session
ABB India Ltd is quoting at Rs 7174, up 0.14% on the day as on 12:44 IST on the NSE. The stock is up 22.24% in last one year as compared to a 2.73% slide in NIFTY and a 14.16% slide in the Nifty Energy.
SJVN Ltd soars 0.51%, rises for fifth straight session
SJVN Ltd is quoting at Rs 74.25, up 0.51% on the day as on 12:44 IST on the NSE. The stock is down 20.47% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.
Indian Oil Corporation Ltd up for five straight sessions
Indian Oil Corporation Ltd is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The stock is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy.
Bharat Heavy Electricals Ltd spurts 2.89%, rises for fifth straight session
Bharat Heavy Electricals Ltd is quoting at Rs 403.6, up 2.89% on the day as on 12:44 IST on the NSE. The stock is up 63.27% in last one year as compared to a 2.73% drop in NIFTY and a 14.16% drop in the Nifty Energy.