Market Update: Nifty 50 plunges by 285 points; still these companies scaling 52-week high
Market Update: Nifty 50 plunges by 285 points; still these companies scaling 52-week high
All sectoral indices trading in red.
Market is currently trading in favour of decline with the advance to decline ratio standing as 54:345.
Closing Bell: How did market perform on February 10
The repo rate is kept at 4 per cent and the reverse repo rate is unchanged at 3.35 per cent.
The Indian Indices, on February 10, gave a thumbs-up to the RBI's MPC members decision to keep the key policy rates unchanged and continue to maintain the accommodative stance as long as necessary to support the economy amid the COVID-19 pandemic. The repo rate is kept at 4 per cent and the reverse repo rate is unchanged at 3.35 per cent. The BSE Sensex ended the day in red today after small fall of 143 points and closed at 58,644.82 falling by 0.24 per cent. The Sensex MidCap index rose by 73 points and ended the day at 24,704.65 levels. Similarly, the BSE SmallCap is also gained by 12 points and stood at 29,246.05 at day end. Also the Nifty 50 index also jumped by 142 points and closed at 17,605.85. The Bank Nifty has increased by 400 points and ended at 38,010.95.
ICICI Prudential Mutual Fund launches Nifty Bank Index Fund
ICICI Prudential Mutual Fund launches Nifty Bank Index Fund
ICICI Prudential Nifty Bank Index Fund is an open-ended index fund imitating the Nifty Bank Index allowing investors to add the largest names in Indian banking to their portfolio.
ICICI Prudential Mutual fund launched the ICICI Prudential Nifty Bank Index Fund.
Market watch: What does the F&O market suggest about trade on February 11?
The Nifty 50 put call ratio (PCR) closed at 1.04 for the day.
Activity in the F&O market for the weekly expiry on February 17 shows 17600 to act as support now.
Overnight Digest: Stocks to be watched on February 11
ONGC, Tata Steel, Infosys, SBI Life Insurance and HDFC Bank were the top Nifty gainers, while losers were Maruti Suzuki, BPCL, Shree Cements, IOC and UltraTech Cement.
On Thursday, the domestic market displayed upward momentum on the back of strong global cues and positive RBI policy.
Overnight Digest: These small caps will be in focus tomorrow
Poddar Housing and Development, Balaji Telefilms, Birla Cable, Mahalaxmi Rubtech, Seamec, Shivalik Bimetal Controls, Butterfly Gandhimathi Appliances and SEL Manufacturing made a fresh 52-week high today.
BSE Small-cap index ended the session at 29,246.05, with marginal gains of 0.04 per cent.
In conversation with Vinay Bharathwaj, Co-Founder and Co-CEO, Stockal
Elaborating on the reason why investing globally makes more sense now, Vinay Bharathwaj, Co-Founder and Co-CEO, Stockal, also highlights the emerging themes attracting investors
Elaborating on the reason why investing globally makes more sense now, Vinay Bharathwaj, Co-Founder and Co-CEO, Stockal, also highlights the emerging themes attracting investors
Indices extend gains as RBI stance remains unchanged as accommodative!
Mahindra Lifespace Developers, UTI AMC and Alok Industries were among the day’s movers in BSE500.
Mahindra Lifespace Developers stock surged 20 per cent after it announced that it will purchase 9.24 acres of land in suburban Kandivali, in Mumbai from Mahindra & Mahindra Ltd for residential development on a base consideration of Rs 365 crore. The stock logged its 52-week high at today’s closing price of Rs 321.50 apiece.
T20 breakout stocks: Best swing trading stocks to keep an eye on!
The broader market indices relatively underperformed the frontline indices with Nifty Midcap 100 and Smallcap 100 adding
Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.
Intraday Spotlight: Why did NDTV hit a 20 per cent upper circuit today?
The company has reported the most profitable quarter in nine years.
New Delhi Television (NDTV) is an Indian news media company focusing on broadcast and digital news publication was among the top gainers on the BSE intraday today. The stock hit its 20 per cent upper circuit in the early trade session today. But, Why did this happen?