Tejashwi Yadav
Markets likely to move in a range
Nifty recovered smartly from lower levels on Thursday following rebound in global markets and closed with gains of 105 points (up 0.5 per cent) at 21,255 levels, while the Sensex gained 358.79 points (0.51 per cent) to close at 70,865.
Financial position of unlisted corporate sector has weakened in post-Covid period
According to Motilal Oswal Financial Services, the unlisted corporate sector is not only much bigger than its listed counterpart, the latter has moved in a different direction vis-a-vis the former as per MOFSL estimates. What is more interesting is that while the financial position of listed sector has improved markedly in the post-Covid period (FY20-FY23), this is clearly not the case for the aggregate corporate sector. It means that the financial position of the unlisted corporate sector has weakened in the post-Covid period.
Limited room for further outperformance of mid & small caps to large cap
Hence, the room for further catchup outperformance is limited, in our view.
India Witnesses Highest Influx of Dedicated Investments in Years, Surpassing 2003-2006 Peaks
Emerging markets, reaching a four-month high at $4 billion, were primarily buoyed by China's recovery and sustained investments in India, favoring predominantly large-cap funds.
Sensex Surges Beyond Record-Breaking 70,000 Mark During Morning Trade
By mid-morning, the BSE Sensex climbed 0.32% to breach 70,048, while the NSE Nifty 50 rose 0.24% above 21,019 points.
Small and midcap stocks at historical peak valuations versus Nifty
Historically, small and midcap stocks enter a period of outperformance once they reverse from deep phases of underperformance, and perform poorly when they have high trailing outperformance.
PSU Stocks Surge to Fresh Highs in Market Following BJP's Assembly Poll Victories
The BJP's victorious stance in the state Assembly polls across Madhya Pradesh, Rajasthan, and Chhattisgarh triggered a monumental rally, with PSU stocks emerging as the most significant gainers.
Sensex Surges Above 67,000 on the Back of Market Momentum
Vijayakumar points out the Q2 FY24 GDP growth rate of 7.6 per cent, surpassing initial expectations.
With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched
The market construct has turned clearly bullish aided by favourable global and domestic clues. A significant trend in the market is the comeback of Bank Nifty.
Rapid Growth: India's Equity Derivatives Market Speeds Up
According to a report by Jefferies, the surge in investor engagement and the segmentation of equity derivatives have propelled derivative volumes to 20-30 times higher than those observed in developed markets.
Advertisement