The stock markets in India BSE and NSE will remain closed today on Diwali Balipratipada.
In a special Muhurat trading session that marks the beginning of Hindu Samvat year 2078, domestic equity benchmarks Sensex and Nifty a day ago finished on a strong note.
These were on account of positive global cues and reduction in the excise duty on petrol and diesel.
It is worth mentioning here that India’s dominant services industry saw expansion at the fastest pace in more than a decade. This comes on improved domestic demand lest high inflation which somewhere prompts the firms to take on staff at an unprecedented rate.
At the same time, the input prices rose sharply in October on account of higher fuel and material costs.
Escorts is a stock where Rakesh Jhunjhunwala holds a 4.75 per cent stake. In the September quarter, this has come out with a muted set of numbers.
Rakesh Jhunjhunwala in the September quarter added banks, metal and real estate companies to his cart. He also raised his stake in Titan Company by 0.1 per cent.
However, the growth outlook for the tractor sector was muted in the second half of FY owing to a high base.
There is a reason why the Rakesh Jhunjhunwala portfolio is much sought-after by retail investors and institutional investors as well.
Since his bets on the Indian stock market has fetched him quite impressive returns, people trust Big Bull for market predictions.
Samvat 2077 became a historic year for equities. This comes despite the Covid-19 pandemic.
Nifty50 also clocked its best-ever returns in 12 years.
Foreign portfolio investors (FPI) also had their faith in the Indian equities. This is the reason why they pumped in 18.73 billion dollars during the same period. This is what makes it the second-highest after 22 billion dollars seen in Samvat 2069.
Moreover, the gross revenue collections of Goods and Services Tax (GST) in October rose 23.7 per cent year-on-year to Rs 1,30,127 crore.
This is the second-highest revenue collection under GST since 2017. Owing to the pickup in economic activity in post-covid recovery, the GST collections have risen higher.
Now coming to the share price today, here we begin with Unitech share price, which stands for 1.90 INR. Affle share price currently stands for 1,084.90 INR. Info edge share price stands at 6,127.95 INR.
The multi-bagger ace investor Rakesh Jhunjhunwala had entered Canara Bank in the September quarter. Its share price today stands at 229.00 INR.
On the other hand, nocil share price is 269.70 INR. Relaxo share price stands for 1,432.00 INR. Kalyan Jewellers share price stands at 78.00.
NFL shares stands at 55.65 INR. Trident share price stands at 39.85 INR. Subex shares is 42.50 INR.
Share price Today
Birla Soft share price stands at 410.00 INR. And for the IDFC share price, stands at 51.10 INR. For polycab shares, it stands at 2,398.00 INR.
Info edge shares stands at 6,127.95 INR. It is to be noted that these share prices are subject to change.