Bulls dominated the Indian stock markets on the very first session of the year 2023 as the benchmark indices - Sensex and Nifty - closed on a positive note.
BSE Sensex surged 77 points to 60,917.87 while Nifty 50 went up 25 points to 18,130.35 at 9.27 am on Monday. Some of the most active stocks on BSE that went up in morning trade were Tata Communications, Lloyd, Usha Mart, Timken and Kalpataru Power while MCX, Jindal Poly, Shipping Corporation
Online trading platforms with easy registration and accessibility have spiked the number of investors in the domestic markets. The pattern was that the foreign investors or foreign institutional investors were selling the equities and these stocks were being bought by the domestic retail inv
The graph of benchmark indices - Sensex and Nifty - in 2022 shows at least four major ups and downs with varying intervals with the first being during the initial days of the war in Ukraine.
Foreign portfolio investors (FPIs) have infused funds worth Rs 11,119 crore in Indian stock markets in the month of December and became net buyers for the second straight month, data from National Securities Depository showed.
Motilal Oswal Financial Services has picked its Top picks for 2023, and they are Infosys, SBI, ITC, L&T, Axis Bank, Maruti, Titan, Ultratech, Apollo Hospitals, P I Industries, Macrotech Developers, Indian Hotels, Bharat Forge, and Westlife Foodworks.
One of the most prominent trends during 2022 was the jump in retail investors. This spike in number was also due to the spawn of online trading platforms which may be apps in many cases that seem to stick to investors' imagination.
Some of the major concerns facing the equity markets are tightening monetary policy by various central banks to contain inflation, recessionary fears and high stock valuations.
BSE 30-share Sensex surged 110 points to 61,244 while NSE Nifty50 went up 30 points to 18,221.30 level at 9.20 am in the morning. Asian stocks were trading in the green on Friday morning as Europe's key indices and US markets settled with gains in Thursday sessions.