Latest Stock Market News

At the end of 2022, the total market value of all 10 listed Adani companies was Rs 19.6 lakh crore which has now fallen down to Rs 13.6 lakh crore

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

Ramesh Damani says: “A bull market changes the course of your portfolio, the course of the country. It is like an eclipse. It is a miracle of modern finance. And when this bull market started in 2021, you know how badly hit we were and what we were thinking about ourselves and our portfolio out there. Already 2-3 years into this, it has transformed our outlook, the feeling of a country and wealth.”

It is an uptrend signal if the RSI value has crossed above 50 from below.

"The market signal is that Wednesday’s sharp correction was a one-day event and not a reversal of the uptrend. This confirms the success of the buy-on-dips strategy, which has played out consistently in the ongoing rally. The global cues continue to be favourable with the dollar index below 102 and the US 10-year bond yield hovering around 3.9%," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

RBZ Jewellers IPO was subscribed 16.86 times. The retail portion was subscribed 24.45 times with over 8.55 crore consolidated share bids received against the quota of 35 lakh shares.

Jyotivardhan Jaipuria says: “Smallcaps probably will underperform the largecaps over the next six months. So over the next two years, three years, five years, I would still think that the smallcap will do better. Because the economy is going to do well and in that environment, earnings for the small cap are going to be much better. ”

The S&P BSE Sensex rose nearly 400 points while the Nifty50 closed above 21,300 levels on Thursday. The Nifty future closed positive with gains of 0.75% at 21376 levels.

About 146 stocks have given negative returns on a year-to-date basis in the smallcap segment, of which, around 97 stocks have seen a double-digit fall.