The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving average of 24,044.25,…
On Tuesdayāthe worst day for the Indian markets since 28 Marchābenchmark indices tumbled more than 1.5%, reflecting jitters around the upcoming announcement and leaving investors poorer by more than ā¹3.4 trillion. The S&P BSE Sensex dropped 1.8% to settle at 76,024.51, while peer Nifty 50 closed 1.5% lower at 23,165.70. After a sharp 14% correction,…
As Justyn Walsh writes in Investing with Keynes: āKeynesā most famous example of the āfallacy of compositionā was the so-called Paradox of Thriftāwhich notes that saving is good for the individual, but if all individuals increase their savings then aggregate demand will fall, eventually leading to lower savings for the population as a whole.” Also…
Nifty50 on 28 January Nifty50, India’s benchmark index, snapped its two-day losing streak and closed 128 points higher at 22,957.25 on Tuesday. The index started the session with a gap-up opening at 22,960.45 and continued to gain intraday, taking cues from the RBIās action to inject liquidity into the banking system. However, the index settled…
Foreign portfolio investors (FPIs) have withdrawn ā¹64,156 crore from the Indian equities market so far in January 2025, in an unabated exodus amid Rupee depreciation, rise in United States bond yields and expectations of an overall tepid earnings season, according to a PTI report. The selling shows a reversal in investor sentiments since December 2024,…
Mumbai: Donald Trumpās sabre-rattling before and after his swearing-in sent the Indian markets scurrying for cover on Tuesday, with benchmarks Nifty 50 and S&P BSE Sensex tumbling to their respective seven-month lows. Investors were already in a sombre mood, thanks to sluggish corporate earnings, foreign investor sell-offs, and pre-budget jitters. The uncertainty sparked by the…
Stock market Today: Multibagger SME stock MOS Utility share price gained 5.9% in the opening trades on Friday to hit record high. The MOS Utility share price opened at ā¹288.80, around 2.25% higher than previous close of ā¹282.45 on the NSE. The MOS Utility share price thereby scaled all time high of ā¹299, gaining around…
In comparison, at the end of March 2020, that count was 31 million. This jumped to 40 million as of March 2021, 59.4 million as of March 2022, 72.7 million as of March 2023 and 91.6 million as of March 2024 before reaching 100 million.Ā While not all unique registered investors are individuals, such a…
Retail investors, through the mutual fund route, are yet again absorbing the selling by foreign institutional investors (FIIs) post the budget, which is being reflected by a decline in fear gauge India VIX to a three-month low on Wednesday after wild intraday swings. FIIs have sold shares worth almost ā¹6,700 crore in the past two…
