The high valuation of the Indian equity market is justified because of the strong fundamentals of the Indian companies as compared to other emerging markets globally, highlighted a report by Allianz Global Investors.
Indian stock markets opened with gains on Wednesday, as investor confidence received a boost following favorable assembly election results for the ruling party.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
Companies in the agrochemicals space are expected to witness a muted July-September quarter growth due to excess Southwest Monsoon (particularly in August and September), high carryover stocks, and price pressures, said financial advisory services firm Anand Rathi in a report.
Mumbai (Maharashtra) [India], October 8: New Light Apparels Ltd. has announced a 10:1 stock split, effective from October 10, 2024, marking a significant moment for both current shareholders and potential investors. This strategic move will reduce the face value of each share from Rs 10 to R
The Indian stock market has been experiencing heavy selling pressure since the beginning of October, driven by Foreign Portfolio Investors (FPIs) pulling out large sums.
The selling pressure continues in the Indian stock markets as the Nifty fell more than 4 per cent in the last 5 sessions, while the Sensex declined by 4.3 per cent in the last 5 trading sessions.
Stock indices in India remained largely steady through Tuesday, to settle the session marginally low, due to continued profit booking. This is the third consecutive session fall in the indices.
Indian stock market indices Nifty and Sensex opened flat on Tuesday as the markets entered a consolidation phase after foreign investors turned towards other Asian markets like China and Hong Kong.