Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]
Indian markets
Foreign investors have been net sellers since the Union Budget 2024, withdrawing nearly ₹11,000 crore in the last three trading sessions, according to Trendlyne data. However, the market impact has been limited as retail investors, through mutual funds, have been buying the dips. The government in the budget raised the […]
The Union Budget has consistently driven trends in the Indian market. The upcoming Union Budget for the financial year 2024-25 is expected to prioritise capital expenditure, emphasise manufacturing growth, and ensure macroeconomic stability. Historically, Union Budget announcements significantly influence the stock market, shaping sector trends based on government policies and […]
Indian benchmark indices continued their record-high run on Thursday for the second straight session. The Sensex rose 406 points to its new high of 80,392.64 while the broader Nifty gained 114.5 points to its peak of 24,401. The Sensex reached the 80,000 mark for the first time on July 3. […]
This marks the index’s third consecutive day of hitting record high, with six new highs achieved in June alone and more potential in the nine remaining trading days of the month. In May, the index set new records four times. Throughout CY24, the index has set record highs 32 times. […]
The stock has consistently hit its 2 percent upper circuit since March 14, 2024. This year so far, the stock has given negative returns in just 12 sessions. All 5 months of the current calendar year have been in the green for Royal India. It has jumped 45 percent in […]
In the last 3 years as well, the stock has given exceptional returns, rallying 11007 percent from ₹16.5 in May 2021. Meanwhile, in the last 1 year, it has soared 468 percent and it surged 87.5 percent in 2024 YTD. This year so far, the scrip has given positive returns […]
Shares of Finolex Cables surged over 25 percent in 2 sessions after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The stock jumped as much as 11.7 percent in intra-day deals on Monday to its record high of ₹1,433. This is the second consecutive session in […]
Bull markets need fuel, which can come from equity capital or debt, noted ace investor Shankar Sharma in a recent post on X (formerly Twitter). He pointed out that India’s bull market has been driven by two main factors: a sharp increase in public debt-to-GDP from 65% to around 90%, […]
Shares of Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for […]