"equity-markets"

New Delhi: Investors’ wealth tumbled over Rs 2.58 lakh crore on Monday as equity markets suffered a heavy sell-off, with the Sensex plunging 2 per cent. The BSE benchmark tanked 1,172.19 points or 2.01 per cent to settle at 57,166.74 after a weak opening. During the day, it plummeted 1,496.54 points or 2.56 per cent […]

The stock markets are mainly driven by money supply and foreign portfolio investor (FPI) investments, the apex bank said.

This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Finance Ministry said in a statement

Asian currencies were range-bound, and volumes were lower than usual with China, Hong Kong, UK and Australian markets shut.

This extraordinary rally holds significance as markets faced volatile trends this fiscal. The BSE benchmark hit its one-year low of 27,500.79 on April 3 last year.

Among major earnings to focus on this week are from UCO Bank, Axis Bank, Bank of Baroda, Canara Bank, Hindustan Unilever Limited, Lupin, Maruti Suzuki India and Tata Motors.

During the year, the 44-player industry has added Rs 4.5 lakh crore to the AUM, while in 2019 it grew 18 per cent from Rs 22.86 lakh crore in 2018, when it had grown only 7.5 per cent

At the interbank forex market, the domestic unit opened at 73.52 against the US dollar and witnessed an intra-day high of 73.47 and a low of 73.61

Among stocks, Mahindra & Mahindra skidded by 2.2 per cent to Rs 717.65 per share while Tata Motors was down by 2 per cent to Rs 176.80.

Tata Steel was the top gainer in the Sensex pack, rising over 4 per cent, followed by Bharti Airtel, SBI, HDFC Bank, M&M, Asian Paints and Reliance Industries.