Stocks with relatively lower weight in the Nifty 50 index such as Tata Motors, Apollo Hospitals Enterprise and JSW Steel gained significantly. Though their contribution to the index was miniscule due to their lower weight, many active fund managers bought them early and benefitted by holding significant exposure into them
Accenture Readings for IT sector; HAL’s OFS oversubscription, Interglobe Aviation’s analyst meet and Campus Activewear block. In today's edition of opening bell we decode the market’s action and strategy with Hemen Kapadia, Senior VP- Institutional Equity, KR Choksey Securities and Ihab Dalwai - Fund Manager - ICICI Prudential AMC
The market capitalisation of BSE-listed companies, which is also an indicator of the wealth of investors, tumbled more than Rs 2,67,539.54 crore to Rs 2,61,63,222.07 crore due to a largely negative market.
Bajaj Finserv, Bharti Airtel, Axis Bank, Adani Enterprises and Tata Motors will see the biggest earnings growth among Nifty constituents in FY24
In the year gone by, top largecap Nifty stocks which rallied the most were Hindalco Industries up 121 percent, Yes Bank 76 percent, Maruti Suzuki 61 percent, followed by Tata Steel 54 percent and BHEL by 46 percent.
Ambareesh Baliga, an Independent Market Expert, discussed market with CNBC-TV18's Latha Venkatesh & Sonia Shenoy and also shared his views on various stocks and sectors.
When asked if they would buy HUL at this juncture, Rahul Mahindar said maybe the stock could appreciate from the current levels but he would not recommend buying it because the risk reward ratio is not favourable. In fact he advices to use the run up in the stock to book profits.