Stock Market Updates - Angel One

Despite a strong domestic equity market, Indian Rupee plunged to a 1-month low against US Dollar. It fell for the sixth consecutive day as increasing oil prices were factored into the currency.  The Indian Rupee lost 51 paise in the last six trading sessions; whereas, there has been a loss of 86 paise in total …

Overview Although the stock market’s lack of response to the disruptive pandemic waves has been perplexing, the Indian government has urged local governments to take more focused and localised containment steps to avoid a large economic effect. For the week ending May 23, the Nomura India Business Resumption Index (NIBRI) fell to 60 from 63 …

Listed public sector undertakings (PSUs) are reportedly contributing to the BSE 500 Index’s rally ever since the crash of March 2020. As per reports, the BSE500 which had hit lows of 11,100 in the wake of the first wave of the pandemic in March last year now stands at 24,000-levels, an over two-fold increase. The …

An Overview of Monday’s Fake Surge On Monday, derivative traders on the National Stock Exchange (NSE) were sent into a frenzy when Nifty index futures soared 805 points, or more than 5%, within seconds of the opening bell, despite no equivalent move in the underlying cash market. The Nifty futures (current month expiry) achieved a …

India’s Wholesale Price Index (WPI) data for May showed that WPI based inflation rose to a record peak of 12.94 per cent, on the back of rising commodity and fuel prices, apart from the effect of low base. This also meant that the Consumer Price Index (CPI) retail inflation shot up in May, recording 6.30 …

An Overview of ITC Q4 Results The March quarter results of cigarette producer ITC Ltd were in line with Dalal Street projections. However, this has certainly not piqued the interest of investors. Following the results, its stock dropped roughly 3% on the National Stock Exchange, on a day when the benchmark Nifty 50 index remained …

Avenue Supermarts and Info Edge India seem to have fair chances of inclusion in the Nifty benchmark index during the upcoming semi-annual review in September 2021. Avenue Supermarts Limited is a popular retail corporation operating the DMart chain of hypermarkets. It was established in 2002 by Radhakishan Damani. DMart stores offer a wide range of basic …

The glimpse provided in the Union Budget of the financial year 2021-22 is now on the verge of realisation – NITI Aayog has submitted its report containing the name of two banks ready for privatisation. In her Budget speech, the honourable Finance Minister, Nirmala Sitharaman, reflected on the government’s plan to privatise two public-sector banks …

An Overview The recent stock market rise is expected to benefit Indian individual investors, who have boosted their involvement and holdings of NSE listed businesses during the last 18 months. In the quarter ended June 2021, retail holdings of NSE listed companies reached a new high of 7.18 percent, reflecting a strong increase in new …

On June 14, SBI Mutual Fund acquired a 1.16% stake in V-Guard Industries, the largest electrical appliances manufacturer in Kerala, at Rs.265 per share. As of March 2021, SBI Small Cap Fund owned 3.35% shares of V-Guard. Chittilappilly Thomas Kochuouseph, whose holdings included an 11.72% stake in the company, sold about 50 lakh shares at …