Budget 2018-19

  Stock market – Apart from IT stocks, capital goods, metals and realty shares have also logged smart gains in morning trades Market Update:  The markets continue to trade on a firm note. The Sensex was up 396 points at 61,133, after touching a high of 61,161. The NSE Nifty edged past 18,300, to a high of 18,304, and was up 131 points at 18,293. The BSE Midcap index is now up over a per cent at 26,832, and the Smallcap index has gained 0.7 per cent at 29,972. IRCTC has zoomed 8.4 per cent to Rs 5,340. NLC India and MphasiS also have soared over 8 per cent each and are the top gainers in the Midcap space. Adani Power, Jindal Steel, Oil India and Naukri are the other major gainers, up over 4 per cent each. BHEL and  Jubilant Foodworks  are the major losers, down 2 per cent each. In the Smallcap space, Mindtree has zoomed over 10 per cent to Rs 4,826 on the back of strong Q2 show. Jindal World, HBL Power, Power India, Laxmi Machine Works and Shakti Pumps have rallied 8-...

  Helped by the ongoing rally in equities, the market capitalisation of BSE-listed companies has reached a fresh record high of Rs 270,24,154.49 crore in morning trade on Wednesday. Helped by the ongoing rally in equities, the market capitalisation of  BSE-listed companies has  reached a fresh record high of Rs 2,70,24,154.49 crore in morning trade on Wednesday. Rallying for the fifth straight session on Wednesday, the 30-share BSE benchmark jumped 376.44 points to its all-time high of 60,660.75. In five trading days, the BSE benchmark index has gained 1,471.02 points. Driven by the ongoing rally, investors’ wealth has also jumped by Rs 8,03,607.44 crore in five days. “An important trend in the market in recent days is the market resilience in spite of selling by both FIIs and DIIs. This new trend reinforces the dominance of retail investors and the success of the ‘buy on dips strategy. We don’t know how long this trend will continue and this strategy will work. But now t...