Nifty down 232 points as volumes on NSE close to highest in recent times
At close, Nifty was down 1.15 per cent or 231.9 points at 19901.4, while the Sensex reported a loss of 796 points, or 1.18 per cent, to settle at 66,800.84.
Markets have given subdued returns when Nifty P/E ratio more than 22x
Currently, the P/E ratio of Nifty 50 is at 22.5x. Historically, whenever an investment has been made when the PE ratio is more than 22x, 3-year forward returns have been subdued, the report said.
ITI best performing small cap stock during the week
Brightcom Group was up 26.4 per cent, IOB was up 20.4 per cent, Central Bank was up 19.8 per cent, SJVN was up 17.7 per cent in the Nifty 250 Small Cap Index.
Auto, IT stocks lead Nifty’s surge to all-time high levels
Nifty scaled fresh life highs on Friday, rising for the third consecutive session to close at 20,192, up 89.3 points, while Sensex climbed 320 points to close at 67,838.
NTPC top performer in Nifty’s rally from 19k to 20k
After a volatile and long journey from 18k to 19k, the Nifty-50 added the next 1,000 points (19k to 20k) relatively faster — only 52 trading days (from Jul’23-Sep’23) vs. 425 trading sessions (from Oct’21-Jun’23) during its journey from 18k to 19k, as per a report by Motilal Oswal Financial Services.
Nifty fluctuates after reaching record highs in early trade
Broader market outperformed with Nifty Mid-cap 100 and Small- cap 100 up 1 per cent. Majority of the sectors ended in green with buying seen in PSU bank, realty, auto, and metal stocks.
India is best performing market in Sep
This move to record highs breaching the psychological 20000 mark on the Nifty has been achieved with an impressive 4.3 per cent rise in Bank Nifty, he said.