Traumatic Tuesday for markets after gap-up opening, Sensex slides over 1000 points, Nifty below 21,250 dragged by banks, media and realty

A terrible Tuesday for the markets. The S&P BSE Sensex crashed 1,053.10 points lower, down 1.47% to settle at 70,370.55 while the NSE Nifty 50 lost 333 points, down 1.54% to settle at 21,238.80 points.. The Nifty Bank lost 1,493.20 points or 3.11% to settle at 46,569.60 points.

On the sectoral front, media and ralty stocks were among the top losers. The broader indices too ended in the red, with midcap and smallcap stocks deep in the red.

The laggards include IndusInd Bank, Coal India, ONGC, Adani Ports, and SBI Life Insurance. The Indian Volatility Index (India VIX) closed 7.61% higher.

Banks clock stable Q1 results: Private banks fare better than PSUs Modi Government directs UPSC to cancel lateral entry job ads Markets flat! Nifty end…

Stocks To Watch- TCS, GTPL Hathway, Anand Rathi Wealth, RCF, Adani Wilmar, Vodafone Idea, HCL Tech, IREDA

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 52 points or 0.21% at 24,458 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended down by 8.50 points or 0.03% to settle at 24,315.95 while the BSE Sensex fell 27.43 points or 0.03% to 79,897.35.

“The main indices are trading in a narrow range, struggling to justify its premium valuation ahead of the Q1 earnings season, which is forecast to be subdued. However, the broader market is exhibiting marginal momentum, led by a shift in FIIs inflow and budget expectations,&#82…

Will Nifty hit a new all time high above 21,600 or dip ahead- See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key things to watch ahead the day starts.

GIFT Nifty traded up by just 31.50 points or 0.15% at 21,533, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 91.95 points or 0.43% to settle at 21,441.35, while the BSE Sensex ended higher by 229.84 points or 0.32% to 71,336.80.

“Markets extended rebound and gained nearly half a percent amid mixed cues.  After the initial up move, Nifty hovered in a narrow range and finally settled at 21,441.35 level. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein energy…

We will look into it if disclosures on IPO valuation are meaningless, says Sebi chief

Amid concerns in some quarters over the exorbitant valuation of certain initial public offerings, Sebi Chairperson Madhabi Puri Buch has said the regulator would certainly look into the matter if disclosures on the valuation are meaningless.

The comments have come amid a slew of share sales hitting the capital market recently. Last week, five companies, including Tata Technologies, came out with their IPOs that garnered a record Rs 2.6 lakh crore in application amount.

To a query about high premiums for some shares in IPOs, Buch said, “Of course, we are fully with you on this as the rationale given for high premia are nothing but some meaningless English words”.