Vol 32 Issue No 15
Recommendations From Textiles And Software Sector
Stock Pick From Commercial Vehicle Sector
Recommendation From Iron & Steel Sector
INR-USD Movement Will Be Key To Inflow Of FII Funds In India
Real Estate Presents "REAL" Opportunities For Discerning Investors
RCOM: Better To Avoid This Connection, For Now
Have You Chosen Your Funds Well?
Flurry Of IPOs To Suck Liquidity From Secondary Markets
Quoting of Aadhaar Number in Return of Income – Is it mandatory?
Nifty Index Chart Analysis
Indian conglomerate Reliance Industries Limited (RIL) recaptured the status of the India's most valued company, after a period of two months, as the company outpaced Tata Group's Tata Consultancy Services on Friday, June 23, on the basis of market valuation.
The latest RBI data reported a hike in the gross fiscal deficit of all the states of India, surging to Rs 4,93,360 crore in FY16 from a Rs 18,790 crore in FY1991. While the states with the highest deficits were Uttar Pradesh, followed by Rajasthan.
Mumbai-based Indian conglomerate group, Essar group dodged its last obstacle to complete the sale of the group's Gujarat refinery to Russia's integrated oil major, Rosneft, as the group's lenders including the LIC, gave a green signal to the deal, according to the market reports.
The stocks which are expected to witness significant movement on June 27 are BHEL, Greaves Cotton Limited, SPML Infra Limited, Veto Switchgears and Labels and JK Cement Limited.
Indian benchmark indices NSE Nifty and BSE Sensex opened in the green, but soon thereafter, the indices plunged into the red zone due to profit booking in Friday’s trading session. NSE Nifty closed at 9,574, down by 55 points, settling below the 9600-mark, while BSE Sensex closed lower by 152 points at 31,138.
The multiplex companies are likely to get benefited post implementation of GST.
The top performing mutual funds of the week of June 19-23 was Edelweiss Gr China Equity Off-Shore Fund-Reg (G) of Edelweiss Fund, providing a return of 2.73 per cent in the week.
SBI ETF Nifty 50, the open-ended scheme from SBI mutual fund outpaced HDFC Equity to become the largest equity scheme of India. HDFC Equity had persistently maintained its position as the largest equity scheme of India for the past three years.
Following stocks are close to their 52-week low as at 12.48 p.m. on June 23.
The markets on June 23 opened up. BSE Sensex is trading at 31163.53, down by 127.21 points and the Nifty is trading at 9583.90, down by 46.10 points. Meanwhile, following stocks are close to their 52 week high as on June 23.