The full Budget 2024 is around the corner and many have started posting their expectations from Finance Minister Nirmala Sitharaman. Moneycontrol’s Santosh Nair & Stacy Pereira try to gauge what Dalal Street wants from Budget 2024
Market sees biggest drag in 4 years as investors' wealth erodes by Rs 30 lakh crore. The Nifty ended the day at 21,884.50, down 1,379 points after touching a low of 21,281 during the day. The Sensex tumbled 4,389 points to finish at 72,079.05. Mid and small caps fared even worse with the respective indices falling 6-7%. The big worry for the market is the policy decisions could slow down, now that BJP might not get majority on its own.
In this episode of Market Minutes, Lovisha Darad discusses if Fed Chief Jerome Powell's indication of further rate increases would spoil investors mood on November 10 ahead of festivities. As a result of Powell's hawkish remarks, bond yields hardened overnight whereas US equities ended on a depressed note. Will India imbibe the same spirit as well? Also, catch Ajit Banerjee, CIO of Shriram Life Insurance Company on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
We bring you the latest updates from global markets, D-Street & the emerging trends. Global rice prices which are already at an 11-year high are set to rise further. Billionaire Gautam Adani-led Adani Green announced that it intends to raise funds to the tune of Rs 12,300 crore. Meanwhile on the trends sector Elon Musk threatens Mark Zuckerberg over a lawsuit, says, competition & cheating is different. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira & get the latest updates on news across the world.
After beating most Asian and emerging market peers last year, India’s $3.4 trillion stock market is already overshadowed in 2023 as China’s reopening attracts global funds to the North Asian market after a record selloff.
The markets have been on a roller coaster ride in 2020. Sensex fell 38 percent from January high to 25,982 on March 23, 2020. The equity markets started to recover from April with November being the best month for stocks according to BSE 500 index stocks' performance on a monthly basis.
All the sectoral indices ended in the red with Sensex tumbling over 700 points and Nifty barely holding above 9,900.
Moneycontrol's Sakshi Batra gets in conversation with Kshitij Anand to find what the market is expecting from Budget 2020.
"This was an election year and a populist Budget was definitely on the anvil, especially after the recent fiasco in the Gujarat elections. The markets seem to be artificially held up, for now, wait and watch might be the best approach to adopt at this juncture," says Nikhil Kamath, Co-founder and Head of Trading, Zerodha.
Here are top cues from domestic as well as international markets which could have a bearing on the Dalal Street on Tuesday.
Top cues from domestic and international markets, which could have a bearing on the D-Street on Monday
The minutes of last night‘s Fed meeting seemed to suggest that a lot of members of the Fed did not want quantitative easing (QE) to continue, which sparked of sell-off in the late trade, in the US market.
Tushar Pradhan, CIO, HSBC AMC believes that global fund flows are the main reason for the rally in Indian market and expects India to be on investors‘ radar if global fund flows continue.
D-Street suffered a setback as indices lost strength ahead of the European Central Bank (ECB) meet on Thursday. Experts analyse where the market is headed from current levels.
It's been a lacklustre but steady session on D-street. Global cues added weight in late trade giving the market an edge. The Nifty closed up with a 27 point gain at 5,347. The Sensex walked home with 75 points to end at 17633.45.
It's been an absolute blockbuster rally on D-street today. Bourses put up a rock solid performance--a complete surprise considering the start of day's trade. Firm global markets gave that much needed fillip to our markets.