SENSEX is also known as BSE Sensex. It stands for Stock Exchange Sensitive Index and is the stock market index for the Bombay Stock Exchange which calculates the movement on BSE. A stock market analyst Deepak Mohoni termed the word Sensex which was a blend of words ‘Sensitive’ and ‘Index’. It is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. It was launched January 1. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978-1979. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. Free Floating capital implies total capitalization less Directors shareholding. As per free float capitalisation methodology, the level of index at any point of time reflects the free float market value of 30 constituent stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions, replacement of scrips. More
Based on the open interest future percentage, we have seen a long build-up in a total of 58 stocks on Monday, including Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), M&M Financial Services, Piramal Enterprises, Hindalco Industries, and City Union Bank.
As long as Nifty holds 18,600-18,500, there is no major cause of concern; the index is expected to move towards 19,000 after the MPC meeting is over, experts say
The BSE midcap and smallcap indices performed in line with the main indices and ended on a flat note.
The RBI will share the policy outcome on December 7 even as China's Covid curbs and EU's Russia oil price cap will drive sentiment, they say
Minda Corporation has witnessed an ‘Inverted Head & Shoulder’ pattern breakout on the daily chart, which has been backed by robust volumes. The technical indicators construe a firm setup in the stock price, and it is expected to continue its upward journey in the comparable period.
From a valuation standpoint, sectors like financials, consumer discretionary like autos, and technology offer pockets of value, says Mehta
Nifty 200 & Nifty 500 indices are yet to register a firm close above their respective October 2021 life high zones, Sacchitanand Uttekar of Tradebulls Securities says.
Among sectors selling was seen in the auto, IT, pharma, while buying is seen in the PSU bank, realty, and metal stocks.
The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said
Varun Beverages shares rallied 4 percent to end at record closing high of Rs 1,319 on last Friday and formed long bullish candle on the daily charts with above average volumes.
Experts say the profit booking in the previous two sessions was minor and the near-term uptrend remains intact. The immediate support for the Nifty is at 18,550-18,450
Nishit Master believes Indian markets will continue to do well in 2023 as India remains the fastest-growing major economy of the world in an environment where growth is slowing everywhere else, including in the US, Europe, and China.
Besides the MPC meeting on rate hikes, investors are also awaiting the outcome of the OPEC+ meeting on oil production. On the domestic front, PMI and forex data will be closely watched.
In the month of November, the Sensex rose 3.8 percent and the Nifty gained 4 percent. In the coming week, the RBI will announce its rate decision on December 7, while the next day, Gujarat election results will be declared
The Indian rupee ended higher in the week ended December 2, gaining 37 paise to close at 81.31 to a dollar against its November 25 closing of 81.68
Ambit Asset Management is keenly evaluating sectors such as software, pharma and select discretionary where value is emerging. says Bhansali
After the recent run-up, the consolidation can be seen in coming sessions but overall, the momentum remains strong that can take the Nifty50 towards 19,000 in short term, with crucial support at 18,300, experts said.
On the BSE, auto and metal indices shed 1 percent each, while metal and realty indices added 0.5 percent each.
A report on today's highs and lows in the stock market. Watch live on Moneycontrol.
The verification feature has become popular quickly and though not perfect, is considered a good first step.
Piyush Garg of ICICI Securities is bullish on the telecom space but cautious about mid-sized and product-based IT companies.
Investors should do what the US Fed is doing, wait and watch and let the evolving situation be a guide. Right now, it’s saying play safe
Marksans Pharmaceuticals, PDS, Lumax Auto Technologies, Devyani International, Mishra Dhatu Nigam are among the top 5 smallcap picks of HDFC Securities.
Voltas closed nearly 3 percent higher at Rs 842.35 apiece on Thursday and formed long bullish candle on the daily charts with strong volumes
On the sectoral front, except realty and metal, all other sectoral indices ended in the red.