Stock Market In the past five years, the Nifty 50, which represents India’s top 50 stocks, has experienced declines ranging from 1% to 2% on approximately 109 occasions.
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On the latest trading day, both the Nifty 100 and Nifty 50 indexes suffered significant losses. The most affected sectors were metals and financial services, with all sectors ending the day in negative territory. This downturn was not limited to India; other Asian markets also closed in the red.
Here are the top gainers and losers from the Nifty 50:
Stock market Top Gainers:
Power Grid – Rs 204.65 (Up 2.27%)
Coal India – Rs 284.30 (Up 1.08%)
ONGC – Rs 188.20 (Up 0.78%)
Sun Pharma – Rs 1,153.15 (Up 0.48%)
Eicher Motors – Rs 3,441.20 (Up 0.28%)
Also read Stock Market Daily Update
Stock Market Top Losers:
HDFC Bank – Rs 1,563.70 (Down 4.01%)
JSW Steel – Rs 786.75 (Down 2.73%)
Reliance – Rs 2,382.15 (Down 2.23%)
BPCL – Rs 352.55 (Down 2.16%)
SBI Life – Rs 1,345.20 (Down 2.07%)
In other financial stock market news, global debt reached a staggering $307 trillion in the second quarter of the year, according to the Institute of International Finance. Additionally, SEBI (Securities and Exchange Board of India) imposed a fine of Rs 35 lakh on MI Research, an investment adviser, for failing to adhere to regulations.
Notable stock updates include Adani Green’s joint venture with TotalEnergies, M&M crossing a market cap of Rs 2 lakh crore, Shree Cement planning to issue debentures worth Rs 700 crore, Venus Remedies gaining approval to market cancer drugs in Serbia, and Ashok Buildcon securing a Rs 646 crore order from the Maharashtra Electricity Board.
In the IPO market, Yatra Online’s IPO was subscribed 1.61 times, with retail investors subscribing 2.11 times. Signature Global IPO has been subscribed 0.54 times so far, with retail investors at 0.90 times. Sai Silks (Kalamandir) IPO has seen a subscription of 0.07 times, with retail investors at 0.12 times. RR Kabel listed at Rs 1,180, a 14% premium.
the past five years, In Stock Market the Nifty 50, which represents India’s top 50 stocks, has experienced declines ranging from 1% to 2% on approximately 109 occasions.
On the latest trading day, both the Nifty 100 and Nifty 50 indexes suffered significant losses. The most affected sectors were metals and financial services, with all sectors ending the day in negative territory. This downturn was not limited to India; other Asian markets also closed in the red.
Here are the top gainers and losers from the Nifty 50:
Top Gainers:
Power Grid – Rs 204.65 (Up 2.27%)
Coal India – Rs 284.30 (Up 1.08%)
ONGC – Rs 188.20 (Up 0.78%)
Sun Pharma – Rs 1,153.15 (Up 0.48%)
Eicher Motors – Rs 3,441.20 (Up 0.28%)
Top Losers:
HDFC Bank – Rs 1,563.70 (Down 4.01%)
JSW Steel – Rs 786.75 (Down 2.73%)
Reliance – Rs 2,382.15 (Down 2.23%)
BPCL – Rs 352.55 (Down 2.16%)
SBI Life – Rs 1,345.20 (Down 2.07%)
In other financial news, global debt reached a staggering $307 trillion in the second quarter of the year, according to the Institute of International Finance. Additionally, SEBI (Securities and Exchange Board of India) imposed a fine of Rs 35 lakh on MI Research, an investment adviser, for failing to adhere to regulations.
Notable stock updates include Adani Green’s joint venture with TotalEnergies, M&M crossing a market cap of Rs 2 lakh crore, Shree Cement planning to issue debentures worth Rs 700 crore, Venus Remedies gaining approval to market cancer drugs in Serbia, and Ashok Buildcon securing a Rs 646 crore order from the Maharashtra Electricity Board.
In the IPO market, Yatra Online’s IPO was subscribed 1.61 times, with retail investors subscribing 2.11 times. Signature Global IPO has been subscribed 0.54 times so far, with retail investors at 0.90 times. Sai Silks (Kalamandir) IPO has seen a subscription of 0.07 times, with retail investors at 0.12 times. RR Kabel listed at Rs 1,180, a 14% premium.
Today’s “Word of the Day” is “Articles of Incorporation,” a legal document containing essential details about a new business, including its name and type.
Lastly, ONDC (Open Network for Digital Commerce) is a network that connects various parties, making it easier for small businesses to sell online by providing access to delivery platforms and customers. The network allows both sellers and buyers to choose their preferred delivery services, creating a marketplace for all parties involved.
Regarding the question about early withdrawals from investments, in mutual funds, there’s something called an “exit load,” which is a fee charged if you withdraw your investment too soon. The specific duration and percentage of the exit load can vary between different mutual funds. Generally, it lasts for about a year. This fee is calculated as a percentage of the withdrawn amount. For instance, if you withdraw Rs 11,000 from a mutual fund with a 1% exit load within the exit load period, you’d pay an exit load fee of Rs 110.
In financial markets, a fall in the USD-INR rate signifies a stronger Indian Rupee compared to the US dollar, which is depicted in green. Conversely, a rise indicates a weaker Rupee against the US dollar, shown in red.
For long-term investors in Stock Market here are the past 20-year returns:
Nifty 50: Up by approximately 14.90% per annum
Sensex: Up by approximately 14.60% per annum
Dow Jones: Up by approximately 6.58% per annum
Nasdaq: Up by approximately 10.36% per annum.
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