Latest news with #BSEMidcap
Business Standard
2 days ago
- Sport
- Business Standard
Stock Market Close Highlights: Sensex, Nifty settle higher after Operation Sindoor; SMIDs up 1%
Sensex Today | Stock Market Close Highlights: The broader markets outperformed benchmark indices as the BSE Midcap index gained 1.36 per cent and BSE Smallcap rose 1.16 per cent The world cricket fraternity was left in a state of bewilderment on Monday (May 12) as star Indian batter Virat Kohli announcement his retirement from Test cricket in an Instagram post. The 36-year-old Kohli, who admitted that it wasn't an easy call to make, turned up in 123 Tests for India, scoring 9230 runs with 30 hundreds at an average of 46.85. He will now only play in ODIs, having already retired from T20 Internationals last year. "It's been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on. It's tested me, shaped me, and taught me lessons I'll carry for life," he added. Virat Kohli The megastar's last Test assignment was a largely underwhelming tour of Australia in which he managed just one hundred. He ends his career well short of the 10,000 run mark, which was at one stage considered a formality. The right-hander nonetheless signs off as a giant of the format with seven double hundreds, the highest for an Indian and well ahead of the iconic duo of Sunil Gavaskar (4), Sachin Tendulkar (6), Virender Sehwag (6) and Rahul Dravid (5). At a time when T20 leagues became the most sought after and watched showpiece in international cricket, Kohli's aura played a significant role in keeping fans hooked to Test cricket. This was acknowledged by no less than Sir Viv Richards, with whom he was often compared. "There's something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever," Kohli wrote in his farewell note for the format. "As I step away from this format, it's not easy but it feels right. I've given it everything I had, and it's given me back so much more than I could've hoped for. "I'll always look back at my Test career with a smile," he added. His retirement continues the exodus of Indian bigwigs from the Test arena. Ravichandran Ashwin (in December) and Rohit Sharma (last week) are the others to have called it quits in the format. "It's been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on. It's tested me, shaped me, and taught me lessons I'll carry for life. There's something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever. As I step away from this format, it's not easy — but it feels right. I've given it everything I had, and it's given me back so much more than I could've hoped for. I'm walking away with a heart full of gratitude — for the game, for the people I shared the field with, and for every single person who made me feel seen along the way. I'll always look back at my Test career with a smile." #269, signing off. View this post on Instagram A post shared by Virat Kohli (@ Kohli has already retired from T20 International after India won the showpiece eveny in 2024. India's tour of England for five-match Test is scheduled to begin on June 20. After Rohit, Kohli is the second player to hang his boots before the selectors announce the squad for the five-match Test series. Virat Kohli What led to Kohli's retirement from Test cricket? 36-year-old Kohli's form with the bat in Test cricket has been a cause of concern from past one year. Since 2024, Kohli has played 21 innings in 11 Test matches, crossing the 50-run mark only twice. He scored 70 against New Zealand in Bengaluru and 100 not out against Australia in Perth. Despite 170 runs coming from these two innings, his total across the 21 innings stands at just 441, at an average of 23.21. For a batter like Kohli, these numbers show he has not been able to deliver for the team as he or the management would have expected, which might be one of the reasons why he decided to sideline himself from red-ball cricket. Virat Kohli records In his 123-match-long Test career, Kohli amassed 9,230 runs, the fourth-highest by an Indian batter behind Sachin Tendulkar (15,921 runs), Rahul Dravid (13,265 runs) and Sunil Gavaskar (10,122 runs). Kohli also has 30 Test centuries to his name, the fourth-most by an Indian batter behind the same trio. However, Kohli has seven double centuries in Test cricket—the most by an Indian batter. Sachin Tendulkar and Virender Sehwag are joint second, with six double centuries each. 11:48 AM Stock Market LIVE Updates: Check Borana Weaves IPO Day 2 subscription status, GMP 6:16 PM In a surprise move 11 In a surprise move 11 6:14 PM Stock Market LIVE Updates: Fundamental View Indian equity markets exhibited strong resilience amid recent Indo-Pak border tensions, the measured market response indicated that geopolitical risks were largely priced in and expectations of de-escalation is prevailing among investors. At the same time, the progress on the India–UK FTA further buoyed investor optimism, driving gains in key sectors such as textiles, automobiles, and information technology. Globally, investor sentiment has improved as the United States and China signal a willingness to resume trade negotiations. Meanwhile, China's recent interest rate cut contributed to a broadly positive tone across Asian markets. Market focus will shift to FOMC meeting, though rate cut appears unlikely, but FED comments will be keenly watched.
Mint
2 days ago
- Business
- Mint
Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks—the Sensex and the Nifty 50—closed in positive territory on Thursday, May 29, snapping their two-day losing run on fag-end buying in select blue-chip stocks. The Sensex closed 321 points, or 0.39 per cent, higher at 81,633.02, with Infosys, Reliance Industries and HDFC Bank as top contributors. The Nifty 50 settled at 24,833.60, up 81 points, or 0.33 per cent. The BSE Midcap and Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively. Volatility index India VIX plunged 9 per cent to 16.42. The overall market capitalisation of BSE-listed firms rose to nearly ₹ 445.5 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 1.5 lakh crore in a day. The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2. The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment. "Global sentiment improved after a US court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields," said Vinod Nair, Head of Research, Geojit Investments Limited. "Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. Export-focused sectors like IT and pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation," Nair said. As many as 37 stocks closed higher in the Nifty 50 index. Shares of IndusInd Bank (up 2.47 per cent), Sun Pharmaceutical Industries (2 per cent), and Eternal (up 1.8 per cent) ended as the top gainers. HDFC Life Insurance Company (down 1.07 per cent), BEL (down 0.81 per cent) and Tata Consumer Products (down 0.68 per cent) closed as the top loser stocks in the index. Only Nifty PSU Bank (down 0.24 per cent) and FMCG (down 0.13 per cent) ended with losses among major sectoral indices. Nifty Metal (up 1.21 per cent), Realty (up 1.14 per cent), Pharma (up 0.92 per cent) and IT (up 0.77 per cent) closed with healthy gains. Nifty Bank and Financial Services indices rose 0.23 per cent and 0.10 per cent, respectively. Vodafone Idea (34.32 crore shares), MMTC (20.17 crore shares) and IFCI (15.06 crore shares) were the most active stocks in terms of volume on the NSE. MMTC, Hindustan Motors, Veto Switchgears and Cables, STL Global and Godavari Biorefineries were among the 17 stocks that jumped over 10 per cent on the NSE. Denta Water and Infra Solutions (down 10.48 per cent) and Sandur Manganese & Iron Ores (down 10.41 per cent) were the two stocks that crashed more than 10 per cent on the NSE. As many as 106 stocks, including MMTC, Zen Technologies, Hindustan Motors and KPI Green Energy, hit their upper circuits in intraday trade on the NSE. On the other hand, 81 stocks, including Orchid Pharma, V2 Retail, Indo Tech Transformers, and Borana Weaves, hit lower circuits during the session. As many as 1,510 stocks advanced, while 1,373 declined and 64 remained unchanged on the NSE. Some 92 stocks, including Mazagon Dock Shipbuilders, Deepak Fertilisers & Petrochemicals Corporation, Welspun Corp, Solar Industries India and Apollo Micro Systems, hit their 52-week highs in intraday trade on the BSE. On the other hand, Orchid Pharma, National Standard (India), Lasa Supergenerics, Bharat Rasayan and CP Capital were among the 29 stocks that hit their 52-week lows. Read all market-related news here Read more stories by Nishant Kumar
Mint
3 days ago
- Business
- Mint
Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks—the Sensex and the Nifty 50—closed in positive territory on Thursday, May 29, snapping their two-day losing run on fag-end buying in select blue-chip stocks. The Sensex closed 321 points, or 0.39 per cent, higher at 81,633.02, with HDFC Bank" data-vars-link-type="Auto" data-vars-page-type="story">HDFC Bank, Infosys, Reliance Industries, ICICI Bank" data-vars-link-type="Auto" data-vars-page-type="story">ICICI Bank, and Axis Bank as top contributors. The Nifty 50 settled at 24,833.60, up 81 points, or 0.33 per cent. The BSE Midcap and Smallcap" data-vars-link-type="Auto" data-vars-page-type="story">Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively. The overall market capitalisation of BSE-listed firms rose to nearly ₹ 446 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 2 lakh crore in a day. The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2. The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment. (This is a developing story. Please check back for fresh updates.)
News18
3 days ago
- Business
- News18
Multibagger Stocks: These 3 Small-Cap Picks Delivered Over 1000% Returns In 8 Months
Despite market volatility with Sensex down 4.6% and mid and smallcaps sliding 9%, three stocks have bucked the trend, delivering exceptional returns over 8 months In a remarkable turn of events for the Indian stock market, three small-cap stocks have delivered extraordinary returns to investors, each yielding over 1,000% in just eight months, despite the prevailing geopolitical tensions and market volatility. Amid significant fluctuations, the BSE Sensex fell by 4.6%, and the BSE Midcap and Smallcap indices declined by approximately 9% over the past eight months. However, three stocks have defied this trend, offering incredible gains. Leading the pack is RRP Semiconductor, which has emerged as the most profitable stock on the BSE. On September 27, 2024, the stock was priced at Rs 50.58, soaring to Rs 1,258.60 by May 27, 2025, marking an astounding 2,388% gain. The company, which rebranded from GD Trading and Agencies Limited to RRP Semiconductor Limited in June, 2024, ventured into the semiconductor and electronic devices sector. Notably, the company reported a profit of Rs 10.05 crore for the nine-month period ending December 2024, a significant turnaround from a loss of Rs 0.10 crore in the same period the previous year. Kothari Industrial Corporation Limited (KICL) also delivered impressive returns, with its share price climbing from Rs 27.09 on September 27, 2024 to Rs 402.15 on May 27, 2025, yielding a 1,384% return. KICL operates across various sectors, including fertilisers, drones, footwear and health products. The FY24 report indicates the company's ongoing expansion and readiness to invest in profitable opportunities. Elitecom International also emerged as a multibagger, providing investors with a 1,191% return. Its share price increased from Rs 29.96 on September 27, 2024 to Rs 386.70 on May 27, 2025. top videos View All The company is engaged in the manufacture and sale of tobacco-based products, recording total sales of Rs 297.51 crore in FY25, a 423% year-on-year increase. Net profit surged by 574% to Rs 32.21 crore. (Disclaimer: The information provided here is based on stock performance. As investing in the stock market involves market risks, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any losses incurred.) Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: May 29, 2025, 10:10 IST News business Multibagger Stocks: These 3 Small-Cap Picks Delivered Over 1000% Returns In 8 Months
Mint
3 days ago
- Business
- Mint
BSE Midcap, Smallcap indices surge up to 10% this month, outshining Nifty 50, Sensex; is a stock market bubble brewing?
The Indian stock market looks set to extend its winning streak to the third consecutive session in May, helped by easing tariff worries, improving macroeconomic conditions, largely stable Q4 results, and foreign capital inflow. While the market is witnessing buying across segments, barring intermittent profit booking, a notable fact is the significant outperformance of broader markets. In May till the 28th, the benchmark Sensex has gained over 1 per cent and the Nifty 50 has climbed almost 2 per cent. However, the broader markets have outperformed significantly, with an over 5 per cent gain in the BSE Midcap index and a 10 per cent gain in the BSE Smallcap index. Some small-cap stocks such as Suven Life Sciences and Cosmo First have surged more than 80 per cent in the last one month. The sharp gains in the mid- and small-cap segments this month could be attributed to better-than-estimated Q4 earnings and moderation in premium valuation. Easing global risks, the prospects of healthy economic growth, an above-normal monsoon, and the RBI's rate cuts are also among key factors that seem to have boosted the broader market sentiment. Moreover, experts suggest that retail investors, in the pursuit of quick gains, could be chasing mid and small-caps after their underperformance over the last few months. Year-to-date, the Sensex and the Nifty 50 have gained 4 per cent and 5 per cent, respectively, while the BSE Midcap index has declined 3 per cent and the BSE Smallcap index has suffered a loss of 5.5 per cent. "The outperformance in mid- and small-caps this May is a mix of factors, including geopolitical tensions like the India-Pak war scare that have eased, US tariff rhetoric that has softened, the monsoon forecast and the above-expectations Q4 earnings. All of this has improved sentiment toward India's domestic story," Trivesh, COO, Tradejini, observed. Trivesh underscored that the pharma and FMCG have seen renewed interest due to rising income levels and steady rural demand, while niche mid-cap names in capital goods, chemicals, and auto ancillaries continue to offer structural opportunities. Shrikant Chouhan, the head of equity research at Kotak Securities, underscored that the Nifty 50 is trading at 19 times the one-year forward earnings for FY27, which is expensive. However, the market appears to be relatively relaxed despite uncertainties in global macroeconomic conditions. "In such situations, it is common for activity to shift toward mid and small-cap stocks. Our strategy should focus on a bottom-up approach," said Chouhan. According to Pawan Bharaddia, the co-founder of Equitree Capital, the crux of this rebound in small and mid-caps has been on two counts primarily – stabilisation of geopolitical issues including India-Pakistan, Tariffs uncertainty being postponed and earnings growth coming about in small and mid-caps. "Basis Q4 announced till date, large caps have reported about 9 per cent year-on-year (YoY) growth, whereas mid-caps have delivered about 12 per cent growth. Small caps have had a mixed bag. However, that remains always a ground-up investment genre, and if we reflect on our own portfolio companies, we have seen around 18 per cent YoY growth for the quarter. This growth is leading the outperformance," said Bharaddia. Experts point out the valuation and suggest maintaining caution in the mid and small-cap segments. "Investors need to be cautious, valuations are not cheap. Instead of chasing rallies, it's smarter to use corrections to build positions selectively. In this space, patience and quality matter more than timing," said Trivesh. According to Bharaddia, investors should approach small-caps in a stock-specific manner. He believes generalising the segment based on headline valuations or growth often leads to distorted reference points and distracts from growing companies. Another aspect that Bharaddia highlighted is that one should always remember to stagger investments rather than invest the entire funds in one go while investing in small caps. "Inherently, this genre is volatile, and one would be better off to leverage this volatility by staggered investing rather than getting played out by it," said Bharaddia. Bharaddia sees a lot of opportunities across engineering, manufacturing, infrastructure, ancillaries and select consumer plays. "We are largely playing out four multi-year structural themes – increasing export opportunities for Indian manufacturing, import substitution, continuous infra spend and the larger Indian consumption story. We believe these are decadal themes and one needs to just remain invested and allow the power of compounding to play out for wealth creation in these opportunities," said Bharaddia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
