Dalal Street is witnessing a churn after the Covid-19 disruption. And if you are still trying to figure out which sectors and stocks might lead the next charge, here is your cue. While majority of the stocks lost weight in the market correction that the Covid-19 pandemic triggered, a few ran against the wind and managed to significantly improve their places in the pecking order in terms of market capitalisation. These stocks are mainly from retail, telecom, FMCG, pharmaceuticals, agri, renewable energy and chemicals sectors. Will they now run out of steam as the market broadens trade on signs of opening up of the economy? Unlikely. In fact, many analysts remain bullish on some of these stocks. Take Bharti Airtel. With a market value of Rs 3.24 lakh crore, the telco is now at the fifth position in the BSE500 basket in terms of market capitalization, up from the 12th spot last year. The company on May 18 posted a consolidated loss of Rs 5,237 crore for March quarter, mainly on … [Read more...] about Trying to figure out new market leaders post Covid disruption? Here’s your cue
NEW DELHI: Short covering ahead of F&O expiry pushed the benchmark indices higher on Wednesday, which otherwise were playing catchup with their global peers. Benchmark BSE Sensex and NSE Nifty saw the best trading session in a month, adding over 3 per cent each, thanks to heavy buying in banking and financial stocks. IT and metals also rallied as reopening of businesses boosted investor sentiment. Analysts attributed some volatility in the market to derivatives expiry due on Thursday. Siddhartha Khemka of Motilal Oswal said the market is likely to be positively biased for the next two days. Here is what happened in Wednesday’s session: Banks’ best day since April 7 All constituents of the Nifty Bank index closed in the green and the index posted its best day in nearly two months, rising 7.28 per cent, on FII buying. Axis Bank soared over 14 per cent to Rs 389 while ICICI Bank and Bandhan Bank gained over 8 per cent each. RBL Bank and Federal Bank rose more than 7 … [Read more...] about Market Movers: Banks zoom; Sun Pharma, Dabur slide after Q4; 22 stocks ‘overbought’
New Delhi: Investor wealth surged by Rs 2,01,549.38 crore on Wednesday following a rally in the broader market. The 30-share BSE Sensex settled 995.92 points or 3.25 per cent higher at 31,605.22. During the day, it gained 1,051.3 points to 31,660.60. Led by the rally in equity market, the market capitalisation of BSE-listed companies soared Rs 2,01,549.38 crore to Rs 1,23,62,539.79 crore. "Firm global cues led to a positive start which strengthened as the day progressed, thanks to the strong recovery in the banking and financial stocks," Ajit Mishra, VP - Research, Religare Broking Ltd said. "Further, news of easing of restrictions and the gradual re-opening of the economies across the world raised investors' hopes of the economy getting back on track," he added. Axis Bank was the top gainer in the Sensex pack, rising 13.46 per cent, followed by ICICI Bank, HDFC Bank, IndusInd Bank and Bajaj Finance. BSE bankex rallied 7.31 per cent, followed by finance, IT, metal, teck and … [Read more...] about Investor wealth surges by Rs 2 lakh crore as markets rally
Among gaining bank stocks were Sai Gon-Ha Noi Bank (SHB), Sacombank (STB), Bank for Investment and Development of Vietnam (BID), and Vietcombank (VCB). … [Read more...] about Banks, chemical and plastic firms lift market up
By Prashant Dhama Market volatility, like the one we have been experiencing for the past three months, usually results in anxiety, uncertainty and discomfort even in the most seasoned investor. Perhaps this feeling of anxiety and discomfort is the main reason why investors do not make good money from investing in the stock market. But why does this happen? To begin with, let’s understand some plain and proven facts. At any point in time, if you decide to start investing in the stock market, it doesn’t mean you automatically become a risk taker. The real risk is accepting the consequences of your actions, and that too, without the discomfort of fear. But why do we experience this discomfort and end up making investment mistakes? When a situation doesn’t go as per our expectations and we are not prepared for the resultant unpleasant outcome, it causes discomfort and pain. Up or down, volatility is and always will be an integral part of the stock market. Every … [Read more...] about Why most investors find it hard to handle volatility in stock market?
New Delhi: Power Exchange India (PXIL), promoted by NSE and NCDEX, is going to launch the real-time market (RTM) for electricity transactions from June 1. RTM provided by PXIL would ensure that buyers and sellers can purchase or sell electricity from anywhere across the country with just one hour’s prior notice. “The entire transaction would be online and accessible from any corner of the country,” the company said in a release. This would be the first exchange contract that would allow even generators with long-term PPAs to participate on the exchange where they can sell their requisitioned surpluses. This would also allow renewable energy generators, who may have unanticipated surpluses to sell such supply and earn revenues and in turn obtain Renewable Energy Certificates (RECs) as well. This market on PXIL also has the provision for generators who may have faced a forced outage, to purchase power and fulfil their contractual commitments. “For Discoms, … [Read more...] about Power Exchange India to launch real time market for electricity