Market experts are advising selective stock picking while focusing on fundamentally strong companies as expensive valuations increase risk of corrections.
According to data from depositories, FPIs pumped in Rs 13,536 crore into equities and Rs 8,339 crore into the debt segment during September 1-23
In the ranking of top-10 firms, Reliance Industries was leading the chart followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Bajaj Finance, Bharti Airtel and Kotak Mahindra Bank
Department of Investment and Public Asset Management (DIPAM) had first floated RFP on July 15 inviting bids from legal advisors for the mega IPO and the last date for bidding was August 6
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer for sale of 65,58,278 equity shares by promoters and investors, the draft red herring prospectus (DRHP) showed
Speaking exclusively with Business Today TV's Udayan Mukherjee, the billionaire market maven said Tata Motors' foray into the electric vehicles segment will boost the stock going ahead
An amount of Rs 1 lakh invested in the stock on June 24 this year would have turned into Rs 15.98 lakh today
Sensex ended 163 points higher at 60,048 and Nifty closed at its record peak of 17,853, climbing 30 points against the previous close
The Nifty IT index rose almost 3 per cent to hit a new high of 37,810.75 and all the stocks of the index hit their fresh 52-week highs. The S&P BSE IT index also hit an all-time high of 36,619.39.
Latest 10,000-points rally came in just 166 trading sessions; previous such rally took 451 sessions
With a market capitalisation of more than Rs 76,000 crore, the shares stand higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200-day moving averages.
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