Stock Market Updates

  Did you know that at times a wrong entry on a keyboard by a stressed trader can also bring down shares of any mighty company? It is known as fat finger syndrome. Let us know more about it. It was one such wild swing at the National Stock Exchange -- triggered by a fat finger-- which had catapulted Chitra Ramakrishna to the helm of India's biggest bourse in April, 2013. On October 5, 2012, the so-called “fat finger trade” had triggered a massive flash crash wiping off about Rs 10trillion of investors' wealth at NSE . NSE CEO Ravi Narain had to pay the price and the baton was passed to Ramakrishna, who later got consumed by another bizarre scandal. Moving on, last week the derivative segment on the National Stock Exchange witnessed a freak trade in the weekly Nifty 50 options contract, reportedly resulting in a loss of nearly Rs 200 crore for the trader. This is not just a one-off instance. There have been such freak trades -- caused by human error. Th...

The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India’s stock market this year Analysts remain bullish, projecting a rise of about 15% for the NSE Nifty 50 Index over the next 12 months, according to sell-side estimates compiled by Bloomberg. That’s on top of the gauge’s 138% rally from its March 2020 low, the best performance among the world’s major equity markets for this period. Despite some concerns about lofty valuations and a gradual unwinding of easy-money policies, India’s benchmark is among those leading gains in Asia so far in 2022 with an advance of more than 4%. –   Here are the top sector and stock picks, according to some leading brokerages: Technology A gauge of the nation’s top 10 software providers has more than tripled from its pandemic low, as the crisis spurred the transformation of the way the world does business. While India’...