Latest Stock Market News

In October 2021, Sebi had said that stock brokers and clearing members should not accept payment through one-time mandate or issuance of mandates or instruments in their name for mutual fund transactions.

Dixon Technologies (India) Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 25658.86 Crore) operating in Consumer Durables sector.

“Monster index shows almost 7% upsurge in terms of hiring year on year, based on our database. There is a positive impact post Union Budget. A few specific sectors – BPO, IT, ITES – are almost 11% up. We get more escalations on hiring in these segments and Nasscom is also alluding to it.”

The Offer-For-Sale (OFS), which opened for retail investors on Thursday, received bids for over 1.33 crore shares. This represents 71 per cent of the total issue size of over 1.88 crore shares.

The technical setup construes the formation of higher high-bottom, with the immediate support of the recent unfilled gap coinciding with 61.80 per cent of the retracement of the fall placed at the 17,327 level, which is expected to act as a firm demand zone.

“The metal index this year has gone up nearly 40%. After such an up move, given the way I see the US Fed policy leading to liquidity withdrawal from the system playing out and combined with the slowdown in China, it will be very tough for the commodity sectors overall.”

Mirroring optimism in equities despite worries related to geopolitical tension, inflation concerns, FII selling, the market capitalisation of BSE-listed firms rallied by Rs 59,75,686.84 crore to Rs 2,64,06,501.38 crore in the entire 2021-22 fiscal.

“2022 appears to be a year where one can get a lot of consolidation, moves between the previous highs and the lows that we saw recently. This kind of a consolidating grinding move can continue for the next two-three quarters and based on the earnings growth trajectory, we will move higher. The underlying trend remains bullish on the upside but 2022 provides a number of triggers for consolidation.”

Despite the global equity market reeling under the heat of the war for over a month, the Nifty has advanced over 5% this month and has emerged as the best performing index in FY22, beating global peers by zooming 19%.

"Investors continued to sell stocks from yesterday, especially those they bought to secure dividend payouts," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.