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
What is a short squeeze? It is a sharp rise in the price of a stock, forcing short-sellers to liquidate their positions, pushing the price further up
Asit Bhandarkar of JM Financial Asset Management expects the RBI to hold the rates once again but change the policy stance to 'neutral' when it meets next week for bi-monthly policy review
During this week, Indian rupee gained 27 paise to end at 82.30 to a dollar on June 2.
Volatility has been cooling down considerably and thus in turn creating swings within a smaller range in the indices making it choppy for most part of the session.
For the week, the Sensex as well as the Nifty ended on a flat note
Sensex and Nifty inched higher on Friday as strong monthly sales boosted Hero MotoCorp Ltd and as investor appetite for risky assets improved on bets that the U.S. The Federal Reserve could pause its interest rate hikes. For the week, however, both benchmarks are set to close flat.. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including Cyient & AU Small Finance Bank only on closing bell.
Nifty holds 18,500 amid volatility. The Nifty Midcap index reached an all-time high, while the smallcap index gains nearly a percent. Among the sectors, realty and PSU banks are the top gainers. However, the IT and energy sectors are under pressure today. Hero MotoCorp is the top gainer on the Nifty after strong sales figures for the month of May. The top gainers on the Nifty include Hindalco, Titan, Dr. Reddy's Laboratories, and Adani Ports. On the other hand, the top losers in the Nifty index were Infosys, Eicher, HCL Tech, HDFC Life, and TCS. Catch this mid-day market mood check between Nandita Khemka & Yatin Mota to know more about all the buzzing stocks in today’s session!
Asian markets are trading higher tracking positive US markets. The Nifty futures were trading higher around 18,639 level on the Singaporean Exchange at 8:25 IST. Dollar wallows as June Fed bets ebb, debt ceiling deal close. Asian stocks surged on Friday as the progress on the bill to raise U.S. debt ceiling and increasing hopes that the Federal Reserve might stand still on interest rates in its next meeting helped perk up investor appetite for risky assets. Catch Stacy Pereira, Moneycontrol in conversation with MANDAR JAMSANDEKAR, Director, Precision Technical Analysis.
SGX Nifty hints at a start above 18,600 mark for the nifty. Global cues are supportive this morning with the NASDAQ and S&P 500 closing at their highest levels since August 2022. Broader markets clocked solid gains despite market weakness in yesterday’s session. Raja Venkatraman of Neotrader decodes the chart setup for the Nifty and all the stocks in news this morning including Coal India, Bank Of Maharashtra, Info Edge and AB Capital. Meanwhile, auto sales for May have been on track with most 4-wheelers beating estimates. Catch Nandita Khemka in conversation with Abhishek Gaoshinde of Sharekhan by BNP Paribas on the outlook for auto stocks.
Redington shares jumped 5.6 percent to Rs 184, the highest closing level since February 6 and formed strong bullish candlestick pattern on the daily scale, with above average volumes. The stock has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints.
Investors are anticipating rate cuts as early as second half 2023, especially after the liquidity related stress seen in the global banking system in the past couple of months.
Among sectors, realty, auto metal added 1 percent each, while selling was seen in the IT and oil & gas names.
Foreign institutional investors (FIIs) sold shares worth Rs 71.07 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 488.93 crore on June 1, provisional data from the National Stock Exchange shows.
Olectra Greentech has sustained well post showing a “V Shape” recovery from the lower levels of Rs 374.10 (February 2023). A fresh breakout of the Bullish Pennant pattern can be observed on the weekly charts.
Based on the OI percentage, 51 stocks were on the short-covering list. These included Indian Hotels, Mahanagar Gas, Sun Pharmaceutical Industries, Indus Towers, and Sun TV Network.
The Option data clearly indicated that 18,500 is expected to be crucial area for the direction on either side in coming sessions.
Among sectors, bank and metal indices fell 0.5 percent each, while information technology, realty and pharma gained 0.5-1 percent
Sensex and Nifty 50 traded marginally lower on June 1. Losses in financial and telecommunication shares are in the red, dragging the headline indices. Healthcare and IT stocks on the other hand are trading in the green. The bill to raise the debt limit and cap government spending in the US was passed by a wide margin late on Wednesday Eastern Time in the House. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including Bajaj AUto and Bharti Airtel only on closing bell.
Nifty is hovering around the 18,550 mark amid volatility on expiry day. Broader markets is where all the action is given the outperformance by Mid and small-cap indices. Apollo Hospitals, Divi's Lab, Bajaj Auto, Hero Moto, and HUL are among the top gainers, while Coal India, Kotak Bank, Bharti Airtel, Britannia, and Maruti are under selling pressure today. India's Q4 GDP expanded by 6.1%, and FY23 GDP grew by 7.2% YoY, beating govt projection of 7%. The manufacturing sector showed strength, with the May manufacturing PMI reaching a 31-month high at 58.7. May auto sales figures are trickling in with Bajaj Auto reporting 29% rise in sales, while Escorts Kubota saw an 8.9% sales increase on a YoY basis. Coal India under selling pressure as the government initiates an offer for sale (OFS) to divest up to 3% stake. K Krithivasan takes charge as CEO of TCS from today. Catch this mid-day market mood check between Nandita Khemka & Yatin Mota to know more about all the buzzing stocks in today’s session!
Despite the recent surge in foreign buying, foreign ownership levels in EM remain relatively low, indicating further potential for accumulation, says CLSA in a report
Brokerage firm CLSA expects Bharti Airtel's shares to cross Rs 1,000 over the next 12 months.
Nifty futures on the Singapore Exchange traded 51.5 points, or 0.28 per cent, lower at 18,612.50, signaling that Dalal Street was headed for a negative start on Thursday. Oil falls after a large surprise build in US crude stocks. Catch Stacy Pereira, Moneycontrol in conversation with Chandan Taparia, Technical Analyst.
SGX Nifty is hinting at a muted start for the Indian market. The US house has passed a bill to raise the debt ceiling days before the government was expected to run out of money to pay its bills. Meanwhile, India's FY23 GDP growth comes in at 7.2%, above estimates. Q4 GDP growth too beats estimate, coming in at 6.1%. Nilesh Shah of Envision Capital talks about the current leg of market rally and where we are headed from here. Gaurav Bissa of InCred Equities decodes the chart set for Nifty and stocks like Coal India and Spandana Sphoorty. Watch!
Dixon Technologies jumped over 5 percent to Rs 3,878.75, the highest closing level since January 3, 2023, and formed long bullish candlestick pattern on the daily scale with above average volumes. Largely, the stock has seen healthy uptrend in the second half of May.
LTIMindtree has experienced a double bottom breakout, which is a bullish signal indicating a potential upward movement in price. Additionally, it has been able to sustain above its near-term 21-day exponential moving average (21EMA), further strengthening the positive outlook.