29 December 2023
28 December 2023
Sensex and Nifty 50 close at new highs
Investors made more than ₹2 lakh crore in a single day. On Wednesday, December 27, the benchmarks of the domestic market, the Sensex and the Nifty 50, closed higher for the fourth straight session.
All purchases contributed to the upward trend, indicating investors’ high-risk appetite stimulated by expected strong economic development and the possibility of global interest rate cuts, which are predicted to start in the first part of the upcoming year.
Against the previous finish of 21,441.35, the Nifty 50 began at 21,497.65 and during the session reached a new record high of 21,675.75.
In contrast to the previous closing of 71,336.80, the Sensex began at 71,492.02 and during the session reached a new record high of 72,119.85.
The Nifty 50 finished the day at 21,654.75, up 213 points, or 1%, while the Sensex ended the day at 72,038.43, up 702 points, or 0.98 percent. At their most recent closing heights, both indices concluded.
Indeed, this marked the initial instance where the Sensex finished higher than 72,000.
On Wednesday, mid- and small-cap stocks underperformed the benchmarks; the BSE Midcap index closed 0.41 percent higher and the BSE Smallcap index 0.20 percent higher.
Investors gained over ₹2.4 lakh crore in value in a single session as the total market capitalization of the companies listed on the BSE increased to approximately ₹361.3 lakh crore from approximately ₹358.9 lakh crore in the previous session.
27 December 2023
For the third day in a row, the stock market is rising; Sensex closes 230 points higher, thanks to a lift from pharma-metal stocks.
The stock market was very active on Tuesday. These were the highlights of the day. For the third day in a row, the main market indices ended the day higher. The Nifty finished 92 points higher at 21,441, while the Sensex closed 230 points higher at 71,336. On the other hand, because of sales in the IT industry, the market started the morning flat. Later, strong purchases of pharmaceuticals and metals helped the market rebound. Sensex closed Friday at 71,106, up 241 points from earlier.
26 December 2023
Wipro Share: Why the sudden rise on Friday
Wipro’s share movement generally remains sluggish. Gave returns of 15 percent in one month and 20 percent in one year. Over the previous three years, the stock has increased by thirty percent. The company’s shares suddenly increased on Friday at the same time. In the last one hour, the shares increased by 6 percent and closed at Rs 460.
Actually, there were reports in the market that Sanjay Jalona, former MD and CEO of LTI Mindtree, can join Wipro. Because of this news, the stock has increased. However, the company has denied this.
At the same time, another news has come. In the US court lawsuit Wipro filed against him, the company claimed that just prior to Haq’s resignation taking effect, he surreptitiously uploaded many Wipro files to his personal email account that was not affiliated with Wipro. On multiple occasions, Haq gave fraudulent statements to Wipro claiming he had no intention of working at Cognizant. Haq hasn’t even changed his LinkedIn profile to reflect his new job as of yet. According to Wipro’s complaint, Haq consented to a number of limitations on his post-Wipro activities, including a 12-month ban from working for Wipro’s rival companies.
25 December 2023
Big news regarding Adani Group on holiday, ‘owners’ will sell crores of shares, know the reason
Adani Group Stock:
Big news has come on the holiday regarding Adani Wilmar, one of the big companies of Adani Group.
The exchange has been notified by the company’s promoters that 1.61 percent of Adani Wilmar shares will be sold.
The corporation plans to sell this item next week. from December 26 through December 31.
According to the corporation, these shares are being sold in order to abide by SEBI regulations. What is the SEBI rule?
A minimum of twenty-five percent of a listed company’s shares must be owned by the public, as per SEBI regulations.
However, newly listed companies have a relaxation of 3 years.
Last year, Adani Wilmar (nse: AWL) was listed on a stock exchange.
Then the company had launched an IPO of Rs 3600 crore at a price band of Rs 230.
The disinvestment process will require the promoters to decrease their interest by 1.24 percent.
Thus, between December 26 and December 31, 1,61,16014 shares will be sold in total.
The promoters will hold an overall stake of 87.94 percent following this sale.
Let us inform you that the company is also promoted by Lence Pte on behalf of Wilmar Group, in addition to Adani Group.
On Friday, shares of Adani Wilmar closed at a level of Rs 365.20 on BSE with a rise of about 4 percent.
There was a 40 percent decline in the company’s share prices after the Hindenburg report at the beginning of the year.
From the perspective of the corporation, the government’s reduced import duties on edible oil imports are a plus.
Let us tell you, there has been a lot of talk lately about Adani Group’s willingness to sell its ownership of this FMCG company.
The group has also discussed this matter with many FMCG sector companies. On this matter, though, no formal declaration has been released.
24 December 2023
Multi-bagger Stock: Returns in ten years! Ten thousand rupees of investors in this stock increased to 5 lakhs
Stocks are the preferred option for a section of investors. Those who wish to receive a bigger return on risk typically select this option. In this case stock selection becomes very important. If you can select stocks with proper consideration, the returns can be several times. Remember, you can lose money if the stock selection is not right.
Currently, investors in the stocks of several companies have received huge returns. Many a times a stock can match a multibagger i.e. minimum return of more than 100 percent. However, it has been observed that long-term investment in some stocks has yielded more than 1000 percent returns.
One such stock over the past few years is Avanti Feed. The company’s share price has already managed to surpass all analysts’ expectations. According to a news agency, if you look at the share price of this company over a ten-year period, the return is about 5000 percent.
That is, if an investor would have held ten thousand rupees in the shares of this company a decade ago, then his money would have been five lakh rupees today. The stock’s rate of return, however, has declined during the last five years. The stock is down 55 percent in five years. And as of last three years it has increased only 18 percent.
News on the stock market: The Nifty IT index decreases by 0.14%
Thursday ended with a decline in the Nifty IT index.
As the day came to an end, the top gainers in the group were shares of HCL Technologies Ltd. (up 0.02%), Tech Mahindra Ltd. (up 0.45 percent), and Persistent Systems Ltd. (up 1.66 percent).
Yet, L&T Technology Services Ltd. (down 0.59%), LTIMindtree Ltd. (down 0.54%), Coforge Ltd. (down 0.42%), and MphasiS Ltd. (down…
After closing at 35691.65, the Nifty IT index fell 0.14 percent.
The BSE Sensex moved up 371.95 points to 72410.38, while the benchmark NSE Nifty50 index concluded the day up 123.95 points at 21778.7.
Out of 50 equities that make up the Nifty index, 38 had positive closing results and 12 had negative ones.
YES Bank, Vodafone Idea, HUDCO, PNB, and SAIL shares were among of the most traded on the NSE.