#today indian stock market

[financesaathi]

Domestic Markets Gain Slightly; Adani Stocks Surge, Forex Reserves Hit Record

 What's Covered:

Domestic Markets: The Sensex and Nifty showed modest gains, with significant movements in sectoral indices and a record high in broader market indices.

Forex Reserves: India's forex reserves surged to an all-time high of $689.235 billion for the week ended September 6, 2024.

Stock Highlights: Adani Power and Adani Green Energy saw significant gains; Infosys and CDSL were also in the spotlight with major announcements.

In the afternoon trade on September 16, 2024, the Indian equity benchmarks exhibited limited gains. The Nifty 50 index was trading near the 25,400 level, recovering from an intraday low of 25,336.20. The barometer index, the S&P BSE Sensex, rose by 143.76 points or 0.17% to 83,034.59, while the Nifty 50 added 43.30 points or 0.17% to 25,399.80. Both indices had reached all-time highs earlier in the day, with the Sensex touching 83,184.34 and the Nifty hitting 25,445.70.

Among sectoral indices on the NSE, all except the Nifty FMCG index were trading in the green. The broader market saw positive movement, with the S&P BSE Mid-Cap index rising by 0.02% and the S&P BSE Small-Cap index increasing by 0.26%. These indices hit record highs of 49,506.01 and 57,502.74 respectively. The market breadth was positive, with 2,122 shares advancing and 1,882 shares declining.

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[trading-trending]

[stocknse]

Indian stock share market -Stock NSE

Stay informed about the latest trends and updates in the Indian stock share market.Access real-time data, analysis, and news to make informed investment decisions. Start investing wisely today

https://stocknse.com

[neoseotipsblogs]

Top Rules For Investing In The Stock Market

stock market

[investmentorsec]

The Right Time to Invest in the Stock Market

Investing in the stock market can be a rewarding journey towards financial prosperity. However, one of the most common questions that plague every investor’s mind is, “When is the right time to invest in the Indian stock market?” While there is no one-size-fits-all answer, this blog aims to provide you with valuable insights into identifying opportune moments to start or expand your stock market investments in the Indian context.

1. Understand Your Financial Goals :

Before diving into the stock market, it’s crucial to define your financial objectives. Whether it’s saving for retirement, buying a home, or funding your child’s education, knowing your goals will help you determine when to invest. Short-term goals may warrant more conservative investments, while long-term goals can accommodate higher-risk opportunities.

2. The Power of Patience :

Timing the market perfectly is nearly impossible. Instead, focus on time in the market. Investing early and staying invested over the long haul tends to yield better results. Indian stock markets have historically provided attractive returns to investors who’ve held their positions through market ups and downs.

3. Market Research :

Stay informed about the Indian stock market’s current conditions and future prospects. Keep an eye on economic indicators, company news, and global events that may impact the market. Consider consulting financial experts or using reliable sources like market analysis websites to make informed decisions.

4. Dollar-Cost Averaging :

One effective strategy is to invest regularly, regardless of market conditions. This is known as dollar-cost averaging. By buying shares at different price points over time, you reduce the impact of market volatility on your portfolio.

5. Valuation Metrics :

Pay attention to valuation metrics like the Price-to-Earnings (P/E) ratio and Price-to-Book (P/B) ratio. A lower P/E or P/B ratio may indicate that a stock is undervalued, potentially making it a good investment opportunity. However, remember that these metrics are just one part of the puzzle and should be considered alongside other factors.

6. Risk Tolerance :

Understand your risk tolerance and align it with your investment choices. Indian stock markets can be volatile, so assess how much risk you can comfortably bear without losing sleep over your investments.

Conclusion :

In the ever-evolving Indian stock market, timing is indeed critical, but it isn’t everything. A combination of careful planning, research, and a long-term perspective can help you navigate the market successfully. Remember, there’s no foolproof formula for identifying the perfect time to invest. The right time is when you’re financially prepared, have clear goals, and have done your due diligence. So, start your journey today with confidence, and let your investments grow over time.

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[noragaur]

Stay informed about the Indian stock market with our comprehensive guide. Gain insights into market trends, in-depth analysis of stocks, and the latest news updates. Understand the factors influencing stock prices and make informed investment decisions. Whether you are a beginner or an experienced investor, our guide will help you navigate the Indian stock market with confidence. Start exploring today to stay ahead in this dynamic and lucrative market.

[tdsci]

Indian Oil surpasses estimates with 67% spike in Q4 net profit at Rs 10,059 crore

Average gross refining margin (GRM) for the year April- March 2023 was $19.52 per barrel Indian Oil Corp Ltd on May 16 reported 67 percent year-on-year jump in standalone net profit to Rs 10,059 crore for the quarter ended March 2023. Net profit stood at Rs 6,021 crore in the year-ago period. The state-owned oil marketing company‘s revenue from operations jumped almost 10 percent YoY to Rs 2.26…

[financesaathi]

BSE Sensex Gains 249 Points Amid Tech Rally and Fed Policy Anticipation

The BSE Sensex advanced by 249 points or 0.3%, reaching 81,772 in early trading on Thursday, bouncing back from losses seen in the previous session. The gains were fueled by a tech-driven rally on Wall Street that followed the release of favorable US inflation data. The US inflation report for August 2024 showed inflation had cooled to its lowest level since February 2021, providing a boost to global markets.

Investors are now turning their attention to next week's Federal Reserve monetary policy meeting, where the expectation is that the Fed will opt for a smaller rate cut given the positive inflation data. Domestically, Indian traders are also awaiting the release of August inflation data later today, with analysts predicting a figure of 3.55%, little changed from the five-year low of 3.54% recorded in July. If inflation remains benign, it increases the likelihood that the RBI will consider rate cuts by the end of 2024, further supporting market sentiment.

The Nifty 50 index also climbed, gaining 0.4% to rise above the 25,000 mark. The rally was broad-based, with foreign inflows and all sectors trading in the green. Leading the pack was the Nifty Healthcare index, followed closely by gains in consumer durables, pharmaceuticals, auto, and metals sectors.

Top Gainers

Among individual stocks, some of the standout performers included Bajaj Auto, which surged 2.4%, and Adani Ports, rising 2.1%. Both companies have been benefiting from strong fundamentals and increasing foreign investor interest. Meanwhile, Kotak Bank and Shriram Finance posted gains of 1.7% each, buoyed by expectations of monetary easing from the RBI. In the technology sector, Wipro rose by 1.4%, reflecting the continued strength of tech stocks following the global tech rally sparked by US market gains.

The rally in Indian markets mirrors broader global trends, particularly in tech-heavy sectors. In the US, semiconductor companies such as Nvidia, AMD, and Broadcom led gains on Wednesday as investors bet that cooling inflation would allow the Federal Reserve to pursue a more dovish stance. The Nasdaq Composite surged by 2.17%, while the S&P 500 gained 1.07% and the Dow Jones rose 0.31%.

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[livemintvideos]

Shares of Adani Group's seven listed companies crashed for the second straight day on Friday, extending their fall after Hindenburg Research said that it took a short position in certain securities of the group which the Group dismissed as ‘baseless’. Adani Transmission shares tumbled over 19% and Adani Total Gas sank 19.1% in their biggest daily drop since mid-March 2020, while Adani Green Energy sank about 16% on the BSE in the early trading session. Let's delve into the specifics of what this report found, as well as Adani Groups' response to it.

[buttercuparry]

Adani Group stocks crashed sharply on Tuesday after most of the group stocks hit 52-week highs in the previous session following the overall weak sentiment of the Indian markets after early trends showed that the election result could be tighter than exit polls had predicted. The decline in Adani Group stocks today erased the gains made in the previous session.

To be honest I felt a little spark of joy in reading the last line of the paragraph. I hope Adani goes bankrupt.

[mariacallous]

India vote count shows Modi alliance heading to majority but no landslide

NEW DELHI, June 4 (Reuters) - Indian Prime Minister Narendra Modi's alliance was winning a majority of seats about halfway through the count in the general election on Tuesday, but the numbers were well short of the landslide predicted in exit polls, TV channels said.

Modi's own Bharatiya Janata Party (BJP) was falling short of a majority of its own in the 543-member parliament, the trends showed. Having to depend on allies to form the government could introduce some uncertainty in policy-making as Modi has ruled with an authoritative hold in the last decade.

The Hindu nationalist BJP won a majority of its own when it swept to power in 2014, ending India's era of unstable coalition governments, and repeated the feat in 2019.

The prospect of Modi having to rely on allies spooked markets with stocks falling steeply. The blue-chip NIFTY 50 (.NSEI), opens new tab was down 4.8% and the S&P BSE Sensex (.BSESN), opens new tab was down 4.7% at 0833 GMT.

The rupee also fell sharply against the dollar and benchmark bond yields were up.

"A narrower-than-expected victory for Modi's alliance may raise doubts about the new government's ability to push through politically difficult reforms seen as crucial to sustain India's economic growth, which is already the world's fastest," said Vasu Menon, managing director of investment strategy at OCBC in Singapore.

"Despite this, the fact remains that the BJP-led alliance is still set to win a third term, which means continuity in the government's infrastructure and manufacturing-led drive to boost economic growth."

Markets had soared on Monday after exit polls on June 1 projected Modi and BJP would register a big victory, and the ruling National Democratic Alliance (NDA) was seen getting a two-thirds majority and more.

At 0900 GMT, TV channels showed the NDA was ahead in nearly 300 of the 543 elective seats in parliament, where 272 is a simple majority, with about half the votes counted.

Full results are likely in several hours.

They showed BJP accounted for under 250 of the seats in which the NDA was leading, compared to the 303 it won in 2019.

The opposition INDIA alliance led by Rahul Gandhi's centrist Congress party was leading in over 220 seats, higher than expected. Congress alone was leading in nearly 100 seats, almost double the 52 it won in 2019 - a surprise jump that is expected to boost Gandhi's standing.

However, politicians and analysts said it was too early to get a firm idea of the voting trends since counting still had some way to go.

"It's a fair assessment to say 400 at the moment certainly looks distant," BJP spokesperson Nalin Kohli told the India Today TV channel, referring to some projections that gave over 400 seats to the NDA.

"But we need to wait...to have a final picture of the seats because the exit polls speak of a massive sweep, (and) the counting trends currently don't seem to match that," he said.

"The BJP-NDA will form the government, that trend is very clear from the start," he added.

POLICY SLOWDOWN

TV exit polls broadcast after voting ended on June 1 projected a big win for Modi, but exit polls have often got election outcomes wrong in India. Nearly one billion people were registered to vote, of which 642 million turned out.

However, if Modi's victory is confirmed even by a slim margin, his BJP and its allies will have triumphed in a vitriolic campaign in which parties accused each other of religious bias and of posing a threat to sections of the population.

Investors had cheered the prospects of another Modi term, expecting it to deliver further years of strong economic growth and pro-business reforms, while the anticipated two-thirds majority in parliament would allow major changes to the constitution.

"The biggest disappointment for the market is the fact that BJP does not have a majority (yet)...that opens up a Pandora's box because all the other players...are all quite volatile," said Dipan Mehta, founder director at Elixir Equities in Mumbai.

Bank of Baroda economist Sonal Badhan said the lack of a majority for BJP on its own could mean "some slowdown in policy decisions can be expected".

The seven-phase, seven-week poll that began on April 19 was held in searing summer heat with temperatures touching nearly 50° Celsius (122° Fahrenheit) in some parts.

More than 66% of registered voters turned out, just one percentage point lower than the previous election in 2019, squashing pre-poll concerns that voters might shun a contest thought to be a foregone conclusion in Modi's favour.

Modi, 73, who first swept to power in 2014 by promising growth and change, is seeking to be only the second prime minister after India's independence leader Jawaharlal Nehru to win three straight terms.

[mywifeleftme]

297: I Giganti // Terra in bocca (Poesia di un delitto)

Terra in bocca (poesia di un delitto) I Giganti 1971, Ri-Fi

Today was the day I think I finally turned heel as a record collector. There’s a cute little shop not far from my house that specializes in CDs, but has a modest used vinyl selection. Most of it is very basic fare (I’ve never seen so many Blood, Sweat & Tears records in one place in my damn life), but all priced like it’s ten years ago and the vinyl speculating bubble never happened. I ducked in for the first time last week, and after some assiduous digging plucked some outrageous gems: an original pressing of Junior Kimbrough’s All Night Long and a Canadian OP of Richard & Linda Thompson’s I See the Bright Lights Tonight! The first goddamn Exuma record for $11! I even found Roger Miller’s debut, a theoretically dirt common record that’s nonetheless eluded me for years. I walked out with easily $250 worth of squeaky-clean wax I actually wanted for less than $100.

But rather than just enjoying my good fortune, it set the blackly gleaming coils of avarice inside me into motion. I’d snagged a cool little compilation of Bengali playback songs by Aarti Mukherjee for $12 from their modest little Indian music section (a record I had to add to Discogs myself), and while grooving to it I decided to look up a couple of the others I remembered seeing there. That’s when I discovered the Lata Mangeshkar record I’d briefly considered at $15 last sold on Discogs for almost $380. Reader, I try to suppress my Jungian Deals for Deals’ Sake shadow, but through my father’s side of the family tree I’ve inherited a deep streak of flea market cretinism. I fear this situation has made it ascendant. The shop was closed the day I made my dark Discogs discovery, so I waited, slavering, for the following morning, whereupon I told my coworkers I had to walk a traveling friend’s dog and would pick up the hour at the end of my shift, and shambled to the store to see if my dusty prize was still there.

Portrait of the collector courtesy the Royal Arachnological Museum

I felt as though I were robbing the mom and pop shop as I clutched the LP to my chest, telling myself that at least their small selection of recent extreme metal records were neatly labeled with little post-it notes that indicated the shopkeep had compared his stock with Amazon’s algorithmically-deranged marketplace, but I knew I was only lying to myself. These poor sods didn’t know about Discogs. Only I did, and it had merely cost me a shred of my soul. I bought the Mangeshkar, and two Bengali records of unclear value, though one is autographed. And I bought this dorky Italo prog record reissue on blue vinyl that I have far less legitimate musical interest in than the Mangeshkar, purely because some Greek psychopath is trying to sell his copy for $300 US, and other pressings are starting at $75 and up. It’s a concept album about the Mafia that was so thoroughly censored by Italy’s corrupt media it was practically unknown till the ‘90s, which, as a backstory, objectively rocks. A lot of it sounds like Jesus Christ Superstar, which objectively sucks. I Giganti thank Karl Marx on the back of the sleeve but include a poem by the horny proto-fascist Gabriele D’Annunzio in the gatefold, who pioneered Mussolini’s tactic of haranguing crowds from his balcony window and in an unrelated incident later fell out of a window and hurt himself so badly he had to withdraw from politics, which is confusing. The album itself is… fine really, has some cool Mellotron, though I’d rather hear Goblin play The Godfather theme. Someday I will try to sell it for a profit, but if God is just the bubble will collapse before then and I’ll be entombed with it.

297 reviews in, I am finally lost.

297/365

[elina-scstudyabroad]

If I had to choose one thing, that I love about Singapore so far it would definitely be the cultural variety of the food here. In Geylang, there are a lot of different types of restaurants, many of which are very easily accessible either take away or sometimes with small seating areas. Most of the food is extremely cheap with very decent portions so trying out new places and dishes has been one of our favorite things to do here so far. Generally, you can buy food in hawkers (outside food courts) which offer the cheapest options or food courts in malls (air conditioned!) which is a bit more expensive but still very cheap compared to eating out in the US.

Today I thought I’d create a breakdown of some of the food I have tried so far:

1. Noodles with various meats: from duck, pork and chicken to duck beaks, chicken feet and pig noses you can get pretty much anything in Singapore but one of my staples so far has been dry/fried noodles with some type of meat.

2. Sweet and sour pork: coming from the US, I was very much on the level of Americanized Chinese food and this dish of sweet and sour pork was actually the closest to what I am used to.

3. Poke bowl: if you know me, you know I love poke bowls and this one was absolutely delicious even though it was more in the higher price range compared to most foods in the hawkers

4. Curry: I ate this delicious Indian meal at the Marina Bay sands mall, which was very good though spicier than what I’m used to!

I am now also starting to eat more at home now that I have a kitchen and am eating a lot of fresh fruits like mangoes, bapples (I don’t know what these are actually called but they’re a mixture of an apple and a pear) and dragonfruit. We try to keep our fruit bowl in the living room stocked at all times!

There are many stores that sell fresh fruit and vegetables and we discovered this giant wet market in Chinatown that sells literally anything fresh.

But our favorite so far is the fruit store on the way home from the MRT station that sells different fruits and restocks almost every day!