India has seen a surge of 25 new billionaires according to the latest Forbes list. The Indian stock market s bullish trend has propelled a record-breaking presence of 200 Indian billionaires on Forbes 2024 list, up from 169 the previous year. New entrants include Dr. Naresh Trehan, a renowned surgeon turned healthcare entrepreneur, Vijay Agarwal, managing director of Action Construction Equipment and Motilal Oswal
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume
Sensex rose 363 points while the Nifty closed at 22,462. Buying was seen in realty, metal, telecom and utilities while auto and consumer durables stock saw some selling pressure.
Max Healthcare Institute (Max) reported 13th consecutive quarter of y-o-y (year-on-year) growth. Also, the company managed to grow ARPOB (average revenue per occupied bed) and EBITDA (earnings before interest, taxation, depreciation and amortisation) per bed sequentially, despite the third quarter (Q3) of the financial year (FY) being a seasonally lean quarter.
Pankaj Pandey suggests that Nifty may reach 25,000 with expected election outcomes. Bulls lack energy and market fabric weakened. Opportunities exist in largecaps, midcaps, smallcaps, cement, infra, PSUs, and coal sector. RBI stance change can lift BFSI sector. He also says one important parameter which we feel can change the complexion of the market is the change of stance by RBI.