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Quick Wrap: Nifty Energy Index gains 1.48%
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Nifty May futures trade at premium
HDFC Bank, Infosys and Reliance Inds were top traded contracts
Sensex, Nifty 50 End Higher on May 20; Reliance, Hindalco and Axis Bank Lead Gains - Dalal Street Investment Journal
Sensex, Nifty 50 End Higher on May 20; Reliance, Hindalco and Axis Bank Lead GainsDalal Street Investment Journal
Market at Close | Hindalco, Reliance, BPCL lead market recovery; Sensex ends 118 points higher
The Sensex rose 118 points to close at 75,318, while the Nifty gained 41 points to settle at 23,659, holding above the 23,650 mark at close. Nifty Bank advanced 153 points to 53,562, and the Midcap Index climbed 301 points to 61,323.
GAIL (India) Ltd down for fifth straight session
GAIL (India) Ltd is quoting at Rs 154.84, down 0.82% on the day as on 13:19 IST on the NSE. The stock tumbled 18.78% in last one year as compared to a 4.95% slide in NIFTY and a 12.19% spurt in the Nifty Energy index.
Trade Setup for May 19: Nifty bulls hope Monday's 350 point recovery is not a 'trap'
What also needs to be monitored going into Tuesday's NSE weekly expiry is that for how long will the IT stocks keep piggy-backing on a weak rupee. It was IT that led the recovery on Monday before HDFC Bank, Reliance Industries and other heavyweights also stepped up to play their part.
Market Cap Of Nine Of Top 10 Valued Firms Erodes By Rs 3.12 Lakh Cr; Reliance Biggest Laggard
Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
Mcap of 9 top valued firms erodes by ₹3.12 trn, Reliance biggest laggard
The combined market valuation of nine of the top 10 valued firms eroded by Rs 3.12 lakh crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex plunged by 2,090.2 points, or 2.7 per cent, while the 50-share NSE Nifty declined 532.65 points, or 2.2 per cent. "Markets ended the week lower, breaking out of their three-week consolidation phase amid lingering geopolitical tensions in West Asia, persistent weakness in the rupee, and rising inflationary concerns," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The sharp rise in crude oil prices above the USD 105-per-barrel mark intensified worries over imported inflation, fiscal stress, and pressure on corporate margins, he said. From the top-10 pack, Bharti Airtel emerged as the only winner. The market valuation of Reliance Industries tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore. State Bank of India's valuation eroded by Rs 52,245.3 crore to Rs 8,88,862.32 crore. The valua
Suzlon Energy Ltd gains for third straight session
Suzlon Energy Ltd is quoting at Rs 54.43, up 1.8% on the day as on 12:49 IST on the NSE. The stock is down 10.89% in last one year as compared to a 4.94% slide in NIFTY and a 12.15% slide in the Nifty Energy index.
Federal Bank, Indian Bank, MCX & Nalco in MSCI Global
Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures.
Tata Power Company Ltd down for fifth straight session
Tata Power Company Ltd is quoting at Rs 410.5, down 1.89% on the day as on 13:19 IST on the NSE. The stock jumped 3.41% in last one year as compared to a 4.71% slide in NIFTY and a 13.91% spurt in the Nifty Energy index.
MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped
On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline on the MSCI Standard Index.