News for MMTC Limited (MMTC.BO)

Markets traded range-bound on April expiry day amid global selling pressure and weak FMCG earnings; analysts expect continued consolidation and advise stock-specific buying on dips.

In the Nifty 50 index, 20 stocks ended in the green, while 30 stocks closed in the red in today's trade.

Stock market update: IndusInd, UltraTech, Grasim, Trent, Dr Reddy’s gain; HUL, M&M, Bharti Airtel, ICICI Bank, ONGC decline.

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

Investing in gold through various avenues like digital gold, physical coins, and ETFs comes with additional charges.

The analysis revealed that nearly 96% (255) of low beta stocks have dropped by double digits from their 52-week peak, with 5% (13 stocks) falling over 50%.

Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.

Stocks including RIL, ICICI Bank, Adani Ports, Kotak Mahindra Bank, RITES, Tata Power, NPTC Green, Honasa, RailTel and more will be in the spotlight on Thursday, February 13.

PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.

With a fall of nearly 63% from its 52-week high of Rs 474, Sun Pharma Advanced Research Company emerged as the top loser in the BSE 500 group

The market capitalisation of India's listed public sector firms plunged ₹16.55 lakh crore since August 1, erasing nearly 30% of their value-the steepest decline among large groups.

PSUs, defense, and railway stocks have shown mostly negative returns in the fortnight before the budget over the last six years. PSU stocks performed poorly in five out of six budgets, while railway and defense stocks have also been lackluster, except during the 2024 interim budget.

India's benchmark indices ended lower on Wednesday, pressured by financial and consumer stock sell-offs amid cautious market sentiment ahead of corporate earnings and concerns over limited U.S. Federal Reserve interest rate cuts.

The NSE Nifty index closed 18.96 points down at 23688.95

Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.

NTPC, Adani, Wipro, Bharat Forge, Symphony, and more companies announce strategic partnerships, acquisitions, and investments in various sectors.

Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 December 2024.

Buzzing stocks, stocks to watch: Bharti Airtel, Kalpataru, Wockhardt, IEX, Polycab, Innova Captab, KIMS, Sterling Tools, M&M, NHPC, SAIL, Ircon, Va Tech Wabag, Bajaj Electrical

Nineteen out of 64 non-banking stocks have plunged between 40% and 55% from their yearly highs, while another 28 have declined by 30% to 40%. Overall, 64 state-owned corporates have lost nearly ₹8 lakh crore in market capitalisation since August 1, the day the BSE PSU index hit an all-time high.