Are electoral bonds making stock markets jittery?
Stocks of Power Grid, Coal India, Adani Enterprises, Adani Port, and NTPC took a massive hit today
Stocks of Power Grid, Coal India, Adani Enterprises, Adani Port, and NTPC took a massive hit today
Among the 30 constituents of Sensex, barring ITC, ICICI Bank, Kotak Bank, Bajaj Finance, and HDFC Bank, all heavyweights ended in negative terrain.
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
The market may see volatility as Finance Minister Nirmala Sitharaman will present her sixth Budget in Parliament today.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
Volatility has been the hallmark of leap years since the onset of this millennium
The cumulative m-cap of BSE-listed companies surge over ₹27 lakh cr in December to ₹366 lakh cr as of December 27.
Indian stock market created history in CY23 with the Sensex and Nifty crossing 71K and 21K marks, respectively, with both indexes surging around 17% YTD.
In the first two weeks of December, the BSE benchmark Sensex has rallied 4,617 points, with FIIs injecting over ₹3,900 crore daily on an average this month.