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ET Alpha Wealth Summit: A 12% return is a really good job in markets, says HSBC MF CEO Kailash Kulkarni
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
Markets reverse all gains; broader market outperforms
At 11:30 IST, the barometer index, the S&P BSE Sensex, shed 44.78 points or 0.06% to 74,301.39. The Nifty 50 index lost 18.20 points or 0.08% to 23,387.80.
Newgen Software Technologies Ltd Falls 4.65%, BSE Information Technology index Drops 1.18%
Newgen Software Technologies Ltd has added 0.76% over last one month compared to 0.02% fall in BSE Information Technology index and 4% drop in the SENSEX
15 largecap stocks crash up to 40% in CY26. Are you holding any?
Indian equity markets have remained under pressure in CY26 amid global uncertainties, persistent FII selling and other macroeconomic challenges. The BSE Sensex has fallen about 12.5% so far this year, while several large-cap stocks have witnessed sharp corrections. Fifteen large-cap names have declined between 25% and 40%, highlighting the breadth of the ongoing market weakness.
Tata Consultancy Services Ltd Slides 4.15%, BSE Information Technology index Drops 2.36%
Tata Consultancy Services Ltd has lost 3.46% over last one month compared to 4.3% gain in BSE Information Technology index and 3.57% drop in the SENSEX
InfoBeans Technologies Ltd Surges 5.05%, BSE Information Technology index Gains 1.11%
InfoBeans Technologies Ltd has lost 6.89% over last one month compared to 2.65% gain in BSE Information Technology index and 3.86% drop in the SENSEX
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Power, Sona BLW shares on 1 June
Indian benchmark indices opened higher on June 1, supported by gains in IndiGo and Asian Paints. The NSE Nifty rose 0.38% and the BSE Sensex gained 0.36% amid positive Asian market sentiment and recovery after recent sell-offs.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
Concurrent Losers: 14 smallcap stocks decline for 5 consecutive sessions
Amid broader market weakness, the Sensex fell 408 points over five sessions ending May 29, while 14 BSE smallcap stocks declined continuously, losing up to 15% led by Wakefit Innovations, Master Trust and Godavari Biorefineries.
PB Fintech sees Rs 665 crore block deal as founders pare stake; Goldman among other top funds buy
PB Fintech founders Yashish Dahiya and Alok Bansal sold 38 lakh shares worth Rs 665 crore in a block deal. The shares were purchased by various institutional investors, including Goldman Sachs and Tata Mutual Fund, following the company's recent performance.
INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...