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Global cues, oil prices dent Indian indices; banking stocks fall
Beside this, higher crude oil prices impacted investors' sentiments. Initially, both the key indices had a gap-down opening. They remained rangebound till mid-afternoon after which buying was triggered. However, after filling the opening down gap they soon ran into selling pressure and dipped back into the negative zone.
Equity MFs' net inflows falls sharply to Rs 8,667 cr in August: AMFI
The sharp decline could be attributable to launch of a number of large equity-oriented schemes (new fund offers) in July as compared to August. But the fall has been much starker for debt-oriented funds and schemes where net inflows in August reduced to a mere Rs 1,074 crore in comparison to Rs 73,694 crore inflows seen in July.
Sensex up 100 points ahead of weekly F&O expiry
Healthy buying was witnessed in FMCG and capital goods stocks, while IT and auto stocks were under pressure. Around 10.35 a.m., Sensex was trading at 57,443.30, higher by 105.09 pints or 0.18 per cent from its previous close of 57,338.21. It opened at 57,423.65 and has so far touched an intra-day high of 57,512.08 and a low of 57,287.79 points.
Indices issue advisories against unregulated derivatives trading
Accordingly, the two key exchanges - BSE and NSE - said they have noticed unregulated platforms offering trading in certain products called 'Contracts for Difference' (CFD) or 'Binary Options'. "Hence, investors are advised to refrain from dealing or investing in unregulated products such as CFDs or 'Binary Options' offered by such unregulated internet-based trading platforms."
GMR Infra receives Rs 1,692 cr in 1st tranche consideration for KSEZ stake sale
As part of the said transfer of stake of KSEZ and in terms of regulatory requirements, the 74 per cent equity stake of Kakinada Gateway Port Limited ("KGPL") held by KSEZ is also being transferred to Aurobindo Realty. Total revised consideration for the sale of equity stake as well as the sub-debt in KSEZ is Rs 2,719 crore.
Equity MFs' net inflows at over Rs 22K cr in July: AMFI
As per the data furnished by the Association of Mutual Funds in India (AMFI) on Monday, the net inflows stood at Rs 22,583.52 crore. In June, the net inflows had stood over Rs 5,980 crore, while in May, the total sum was over Rs 10,000 crore. In April, equity-linked mutual fund schemes saw a net inflow at Rs 3,437 crore. Besides, the contributions through systematic investment rose on a sequential basis last month.
Hopes of healthy Q1 results lift equity indices
Consequently, the BSE Sensex traded at 52,744.44 points, at 9.50 a.m., higher by 91.37 points or 0.17 per cent from its previous close. The Nifty50 on the National Stock Exchange traded at 15,811.65, higher by 33.20 points or 0.21 per cent from its previous close.
Global cues, value buying lift equities; metal stocks' shine
Accordingly, the gains came on the back of recovery in the Asian markets -- especially the Hongkong and Chinese indices - and a day after US Fed kept its interest rates unchanged. Besides, expectations of healthy quarterly results and encouraging response to metal stocks pushed the markets higher. Around 2.30 p.m., Sensex was trading at 52,682.39, higher by 238.68 points or 0.46 per cent from its previous close.
Global cues lift equities; Sensex up over 600 pts
Accordingly, the NSE Nifty50 scored the biggest one day gain in two months. Initially, both the key indices opened higher and rose through the day with a brief correction in early afternoon. Besides, almost all sectors ended in the green with the sole exception of FMCG. Consequently, the S&P BSE Sensex closed at 52,837.21, higher by 638.70 points, or 1.22 per cent, from its previous close.
Asset quality fears, global cues pull equities lower, banking stocks sink
Initially, equity markets had a gap-down opening on fears of lower than expected quarterly results of banks and financial sector in Q1FY22, due to fears over the impact on asset quality after the second Covid wave. Sectorally, banking, financials and metal sectors edged lower. The BSE Sensex ended the day's trade at 52,553.40 points, lower by 586.66 points, or 1.10 per cent, from its previous close.
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