Latest news with #LemonnMarketsDesk
Business Recorder
2 days ago
- Business
- Business Recorder
India's benchmark indexes close lower
MUMBAI: India's benchmark indexes edged lower on Monday, snapping a four-session rally, as profit-taking in financials near record highs overpowered optimism from easing geopolitical tensions. The Nifty 50 shed 0.47% to 25,517.05 and the BSE Sensex fell 0.54% to 83,606.46. Both indexes had gained 2.7% over the prior four sessions and added 3.1% and 2.7% in June, marking their fourth consecutive monthly advance. The Nifty and Sensex are now just about 2.9% and 2.8% below their all-time high levels hit in September. Indian markets have held firm despite global headwinds, but elevated valuations near record highs are triggering selective profit-taking, said Gaurav Garg, analyst at Lemonn Markets Desk. On the day, eight of the 13 major sectors logged losses. High-weight financials, which hit a record high on Friday, lost 0.6%. The heaviest stock in the benchmark indexes HDFC Bank lost about 0.7%. Meanwhile, small- and mid-cap indexes outperformed, rising 0.5% and 0.6%, respectively. Other Asian markets also fell, while the dollar softened on bets that weaker US jobs data could prompt deeper rate cuts. Among individual stocks, Sigachi Industries slumped 11.5% after an explosion at its Hyderabad unit led to a fire and killed at least eight people and injured over 26, according to police. Torrent Pharma rose 2% after announcing plans to acquire a 46.4% stake in JB Chemicals from private equity firm KKR. JB Chemicals dropped 6.8% following the deal, which was priced at a discount to its last close. Alembic Pharma jumped 7.3% after getting US drug regulator's nod for an injection used to treat certain types of cancer including ovarian cancer.
Hans India
6 days ago
- Business
- Hans India
Investors richer by Rs 9.70 L cr
New Delhi: Investors' wealth jumped by Rs9.70 lakh crore in three days of market rally amid growing optimism following easing geopolitical tensions. On Thursday, the 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. The market capitalisation of BSE-listed firms jumped by Rs9,70,200.71 crore to Rs4,57,52,700.57 crore ($5.34 trillion) in three days. 'Indian equity markets extended their gains on Thursday supported by strength in metal stocks and easing geopolitical concerns. With geopolitical tensions easing, macroeconomic indicators stabilising, the broader market appears to be regaining confidence,' Gaurav Garg, Analyst, Lemonn Markets Desk, said.
The Print
6 days ago
- Business
- The Print
Three days of sharp market rally makes investors richer by Rs 9.70 lakh cr
In three days, the benchmark has surged 1,859.08 points or 2.27 per cent. On Thursday, the 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09. New Delhi, Jun 26 (PTI) Investors' wealth jumped by Rs 9.70 lakh crore in three days of market rally amid growing optimism following easing geopolitical tensions. The market capitalisation of BSE-listed firms jumped by Rs 9,70,200.71 crore to Rs 4,57,52,700.57 crore (USD 5.34 trillion) in three days. 'Indian equity markets extended their gains on Thursday supported by strength in metal stocks and easing geopolitical concerns. With geopolitical tensions easing, macroeconomic indicators stabilizing, the broader market appears to be regaining confidence,' Gaurav Garg, Analyst, Lemonn Markets Desk, said. From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, HDFC Bank, Bajaj Finserv, NTPC, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra and Maruti were among the laggards. As many as 2,097 stocks advanced while 1,900 declined and 156 remained unchanged on the BSE. 'The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions. 'FIIs continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE midcap gauge climbed 0.56 per cent, and smallcap index went up by 0.12 per cent. Among BSE sectoral indices, metal jumped 2.28 per cent, oil & gas (1.88 per cent), energy (1.68 per cent), commodities (1.39 per cent), financial services (1.25 per cent), utilities (1.24 per cent) and power (1.13 per cent). On the other hand, IT, realty and BSE-focused IT were the laggards. PTI SUM HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
6 days ago
- Business
- Economic Times
3 days of sharp market rally makes investors richer by Rs 9.70 lakh crore
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Investors' wealth jumped by Rs 9.70 lakh crore in three days of market rally amid growing optimism following easing geopolitical Thursday, the 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83, three days, the benchmark has surged 1,859.08 points or 2.27 per market capitalisation of BSE-listed firms jumped by Rs 9,70,200.71 crore to Rs 4,57,52,700.57 crore (USD 5.34 trillion) in three days."Indian equity markets extended their gains on Thursday supported by strength in metal stocks and easing geopolitical concerns. With geopolitical tensions easing, macroeconomic indicators stabilizing, the broader market appears to be regaining confidence," Gaurav Garg, Analyst, Lemonn Markets Desk, the Sensex constituents, Tata Steel Bajaj Finance , Bharti Airtel, Adani Ports, Eternal, HDFC Bank , Bajaj Finserv, NTPC, Reliance Industries and Axis Bank were among the major contrast, Trent, State Bank of India, Tech Mahindra and Maruti were among the many as 2,097 stocks advanced while 1,900 declined and 156 remained unchanged on the BSE."The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions."FIIs continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption," Vinod Nair, Head of Research, Geojit Investments Limited, BSE midcap gauge climbed 0.56 per cent, and smallcap index went up by 0.12 per BSE sectoral indices, metal jumped 2.28 per cent, oil & gas (1.88 per cent), energy (1.68 per cent), commodities (1.39 per cent), financial services (1.25 per cent), utilities (1.24 per cent) and power (1.13 per cent).On the other hand, IT, realty and BSE-focused IT were the laggards.
Time of India
6 days ago
- Business
- Time of India
3 days of sharp market rally makes investors richer by Rs 9.70 lakh crore
Investors' wealth jumped by Rs 9.70 lakh crore in three days of market rally amid growing optimism following easing geopolitical tensions. On Thursday, the 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian flight made the global news Medal Awards Read More Undo In three days, the benchmark has surged 1,859.08 points or 2.27 per cent. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The market capitalisation of BSE-listed firms jumped by Rs 9,70,200.71 crore to Rs 4,57,52,700.57 crore (USD 5.34 trillion) in three days. "Indian equity markets extended their gains on Thursday supported by strength in metal stocks and easing geopolitical concerns. With geopolitical tensions easing, macroeconomic indicators stabilizing, the broader market appears to be regaining confidence," Gaurav Garg, Analyst, Lemonn Markets Desk, said. Live Events From the Sensex constituents, Tata Steel , Bajaj Finance , Bharti Airtel, Adani Ports, Eternal, HDFC Bank, Bajaj Finserv, NTPC, Reliance Industries and Axis Bank were among the major gainers. In contrast, Trent, State Bank of India, Tech Mahindra and Maruti were among the laggards. As many as 2,097 stocks advanced while 1,900 declined and 156 remained unchanged on the BSE. "The benchmark index reflected strong investor confidence, underpinned by the apparent stability of the Middle East ceasefire, which has eased concerns over potential supply chain disruptions. "FIIs continued to pare holdings due to the narrowing yield spread between US and Indian 10-year bonds; DIIs emerged as net buyers, buoyed by improving liquidity conditions and a rebound in domestic consumption," Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE midcap gauge climbed 0.56 per cent, and smallcap index went up by 0.12 per cent. Among BSE sectoral indices, metal jumped 2.28 per cent, oil & gas (1.88 per cent), energy (1.68 per cent), commodities (1.39 per cent), financial services (1.25 per cent), utilities (1.24 per cent) and power (1.13 per cent). On the other hand, IT, realty and BSE-focused IT were the laggards.
