GAGA Share Market News

[hfe_template id='11223'] [ad_1] Benchmark Nifty 50 ended over 1.5% higher on Tuesday, rebounding from the previous session's sharp selloff, as bargain hunting and a broader recovery across Asia lifted sentiment amid hopes of U.S. tariff negotiations. The rally also comes ahead of the Reserve Bank of India’s policy decision on April 9, with expectations of a 25 basis point rate cut. The Nifty surged 375 points, or 1.69%, to close at 22,535, while the Sensex rose 1,089 points, or 1.49%, to end at 74,227. During the session, the Sensex had climbed over 1,700 points. The total market capitalisation of BSE-listed firms jumped by Rs 7.46 lakh crore to Rs 396.71 lakh crore. Among sectors, the Nifty PSU Bank index gained 2.6%, while Finance, Realty, Oil & Gas, and Consumer Durables rose over 2%. Nifty Auto, IT, Metal, and Pharma added 1–2%. In the broader market, the Nifty Midcap 100 and Smallcap 100 climbed more than 2% each. Meanwhile, India VIX, the volatility index,...

[hfe_template id='11223'] [ad_1] Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European markets. Stocks that were in focus include names like Emami, which rose 5.03%, CDSL, which gained 1.7%, and Medanta, whose shares declined 2.70% on Tuesday. Here's what Kushal Gandhi, Technical Analyst, StoxBox, recommends investors should do with these stocks when the market resumes trading today. Emami The price of Emami Ltd saw a significant increase of 81% in 10 weeks, reaching a record high of 762 levels, indicating a bullish breakout after a prolonged period of over 9 years. In the last 14 weeks, there has been a sharp surge, leading to the formation of a flag pattern, which suggests a potential continuation of the trend. The stock demonstrates improving EPS strength, price strength, and increased buyer demand. Our recommendation is to bu...

[hfe_template id='11223'] [ad_1] A large bulk of selling by foreign institutional investors (FIIs) have been concentrated in the five big sectors of financials, oil & gas, FMCG, IT and construction so far in the first 6 months of calendar year 2024. The cumulative outflow from these 5 sectors has crossed the Rs 1 lakh crore mark, shows market data. Till June 15, FIIs have sold financial stocks worth around Rs 53,438 crore, oil and gas stocks worth Rs 13,958 crore, FMCG stocks Rs 12,911 crore, IT Rs 13,213 crore and construction Rs 9,047 crore. On the other hand, buying has been seen in consumer services, capital goods, telecom, services and realty sectors. The net outflow in the first 6 months, barring one fortnight, is more than Rs 26,000 crore. The FII selling, which has been largely due to valuation concerns, has resulted in FII ownership falling to an 11-year-low of 17.68% in March, down by 51 bps quarter-on-quarter. In the next 6 months, the three big triggers f...