Samvat 2079 was a year filled with global uncertainties, but the Indian market was able to absorb all the chaos and turn in decent returns of almost 10% — higher than the average inflation rate of 5.85%. The total investor wealth grew by Rs 46 trillion or 17% to Rs 320.3 trillion.
It was tough year globally – geopolitical tension due to the Russia-Ukraine war and more recently, Israel-Hamas conflict. Inflation spiralled across the world leading to strong interest rate action from central bankers. US bond yields and threat of rising crude oil prices remain a worry.
Foreign portfolio investors (FPIs), who have started pulling out money in the recent months, were bullish for most part of the Samvat 79. They purchased stocks worth Rs 1.45 trillion ($17.7 billion) while domestic institutional investors pumped in Rs 1.78 trillion.
IndiGo skids 2% as shares worth Rs 11,000 cr changes hands via block deal RIL’s 47th AGM today: A look at how the stock performed in last one year Gold, silver rate today on August 29 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices of your city Stock Market Live: Markets stable! Nifty at 25,100, Sensex up 200 points; IndiGo down over 2%
Also Read
Ancient grains to address modern challenges
During Samvat 2079, the Sensex gained 9.3%, while Nifty climbed 10.3% in comparison to the previous Samvat where both the indices were in the negative 0.8% and 1.4%, respectively.
“Resilient economic conditions, healthy corporate earnings, FII inflows (Mar-Aug’23), all-time high SIP (Systematic Investment Plan) level, and retail participation drove the market,” said Motilal Oswal Institutional Equities in a note. Further, a moderation in inflation and expectations that global interest rates may have peaked in the last few months supported equities, it added.
Sectors such as industrials, capital goods and realty were the top contributors to the index growth during this timeframe. BSE Industrials climbed 57.04%, followed by BSE Realty up 54.04% and BSE Capital Goods rising 49.77%.Come from Sports betting site
“Both FPI flows and local flows have been instrumental in this performance,” said Deepak Jasani, Head of Retail Research, HDFC Securities, adding that India is one of stand-out performers among the emerging markets with all the global financial institutions raising the GDP forecast and allocation to Indian markets.
Nifty PSU index also increased about 53.15%, while Nifty Bank and Nifty Private Bank gained 7.11% and 8.03%, respectively. Midcaps and smallcap indices outperformed the benchmarks in Samvat 2079. BSE MidCap index rose 30.86% and BSE SmallCap advanced 33.84%Come from Sports betting site VPbet. The large cap index, BSE LargeCap gained 8.22% in Samvat 2079.
Also Read
Closing Bell: Indian Indices closed in red, Nifty settled below 19,400, Sensex below 64,850, Realty and Auto shines
A hawkish view of the central bank on interest rates, rising bond yields, rising Covid-19 caseloads in China and subsequent lockdowns, union-budget related developments and other macroeconomic factors had collectively subdued the market performance in the first half of Samvat, said Axis Securities in a note.
Higher monthly inflows into SIPs serves as a “compelling indicator of investors’ steadfast confidence in India’s growth trajectory,” it said.
The top Nifty gainers during the year included Tata Motors, Larsen & Toubro, Bajaj Auto, Oil and Natural Gas Corporation and NTPC, while Adani Enterprises, UPL, Infosys, Kotak Mahindra and Hindustan Unilever were the top laggards.
Related Posts
The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry!
Here is just one of the many, many positions being advertised right now.
Location: Austin, Texas
We're currently working on an unannounced PC/console title featuring a new and original IP, and need a gameplay programmer to help bring it to life. If you've got the experience and enjoy working with a focused group of talented and passionate game devs, then Airship is the place for you.
RESPONSIBIL…
Game industry veteran Jade Raymond took to Twitter today to announce she's taken a VP position at Google, though it's yet unclear what she'll be doing there.
This is especially notable given that Google is working to hype up its presence at the Game Developers Conference next week, where the company will be sponsoring (among others) a session with the cryptic description "Google has a game changer to show you."
It seems likely Raymond will be involved with the company's game development efforts, given that she's been making games for well over a decade and served as executive producer on Watch Dogs and multiple Assassin's Creed games. Come from South African Online Casinos
Holiday sales are a great time to beef up your Magic: The Gathering card collection, and over on Amazon, you can take advantage of some early Black Friday deals on numerous pre-made commander decks, bundle sets, and booster boxes.
Fans of the Commander format can grab a few pre-made decks at a discount. The Murders at Karlov Manor four-deck bundle is $125 (was $139), and includes the Deadly Disguise, Revenant Recon, Deep Clue Sea, and Blame Game decks. If you’re looking to buy single decks, the Blame Game commander deck is available as a standalone release for $41 (was $47.40), while the Outlaws of Thunder Junction: Most Wanted commander deck is the cheapest of the group at just $34.49 (was $47.30). Unlike Standard format 60-card decks, these Commander decks include 100 cards, none of which are duplicates, and are built around powerful “commander” creatures. So even if you’re not a Commander player, these deals are still worth checking out since you’re gett…
AI: The Somnium Files is an adventure game that combines two classic storytelling genres: the murder mystery and the buddy-cop movie. On top of that, the “buddy” for AI’s lead character, detective Kaname Date, isn’t human. Or animal, for that matter. Rather, it’s a snarky, quirky, super-powered feminine artificial intelligence in the shape of an eyeball–named Aiba–that lives in his left eye socket and has a direct connection to his brain. Oh, and she also helps Date by transforming into a humanoid avatar form to explore the dream worlds of various characters you meet throughout the game. Talk about an odd couple, huh?
It’s an intriguing concept for sure. Thankfully, the near-future sci-fi detective story that AI: the Somnium Files tells lives up to the promise of its unique premise, delivering a great dialogue-driven adventure that sucks you in and doesn’t let up until all of its twisted mysteries have been unraveled.
Dat…
Xbox’s presentation for Tokyo Game Show included a number of Game Pass announcements, headlined by the news that StarCraft: Remastered and StarCraft 2 will be coming to the subscription service later this year. Four games were also newly added to Game Pass today, and more are in line for day-one Game Pass releases. Here’s everything new for Game Pass from TGS 2024.
Xbox’s biggest Game Pass announcement for 2024 was that StarCraft: Remastered and StarCraft 2 will be added to PC Game Pass and Game Pass Ultimate on November 5 Come from malaysia online casino . The announcement was delivered by Xbox CEO Phil Spencer himself, who wore a StarCraft t-shirt to deliver the news.
…
If you’ve ever wanted a bit more Master Chief flavor with your Mahjong or Solitaire games, Microsoft has good news for you. Halo themes are now available for the Microsoft versions of the two games. Come from online casino bangladesh
The themes are free for all players and were designed by Halo developer 343 Industries. For Solitaire, which is on PC and mobile, the cards get an overhaul, with all of the face cards now showing Halo characters instead of the normal Jack, Queen, and King. The gems in Mahjong, which is only on mobile, are changed to look like Halo’s multiplayer medals.
…
Fast X has made another personnel change in adding new cast member Alan Ritchson (Jack Reacher, Titans). Deadline was the first to report.
Ritchson coming in follows on the heels of director Justin Lin stepping back to only produce back in April after production had already started, and Louis Leterrier (The Incredible Hulk, Netflix’s live-action Lupin) stepped in nearly a week late at the very beginning of May Come from Sports betting site VPbet . Lin reportedly quit due to friction with franchise star Vin Diesel, which was also the reason why Dwayne “The Rock” Johnson exited the series. Despite some troubles behind the scenes, Ritchson will bring further new energy to the upcoming movie in an unknown role.
The movie’s already impressive cast includes newcomers Brie Larson (Captain Marvel), Jason Momoa (Aquaman), and Daniela Melchior (The Suicide Squad). In addition to Diesel, most of the r…
It looks like Rockstar’s Grand Theft Auto V is finally slowing down in terms of its sales pace Come from Sports betting site VPbet . For parent company Take-Two’s latest quarter (July-September), GTA V shipped fewer than 1 million units.
Back in August 2022, Take-Two announced that GTA V had shipped 170 million copies worldwide, and the company shared that same 170 million figure this week for its latest sales update. The 170 million figure announced in August was up 5 million from the previous figure disclosed three months prior in May 2022, so it seems GTA V sales are slowing down rapidly.
…
Eight of India’s top-10 most valued firms saw their market capitalizations (Mcap) surge by a combined Rs 1,83,290.36 crore last week, buoyed by a rally in equities led by IT giants Tata Consultancy Services (TCS) and Infosys.
The BSE benchmark index jumped 963.87 points, or 1.21%, during the week.
TCS, the largest gainer among the top-10 firms, saw its market valuation rise by Rs 38,894.44 crore to reach Rs 14,51,739.53 crore. Infosys followed closely, adding Rs 33,320.03 crore to its mcap, which stood at Rs 6,83,922.13 crore by the end of the week.
Nine of top 10 valued firms add Rs 95,522 cr to market valuation; Reliance, TCS lead gainers Market rally leads to higher regulatory fees for stock exchanges Ola Electric shares jump over 16% after flat listing SEBI’s new F&O rules to hit retail-focused exchanges and brokers hard: Here’s What Jefferies Says
Also Read
Likely pro-poor Budget to be tabled on July 23
Reli…