The head offices of NSE and BSE are located in Mumbai. From where the trading system of the Indian stock market operates; But this became the usual general arrangement. NSE has set up a Disaster Recovery File to ensure that there is no disruption to the trading mechanism of the stock market in case of an exceptional unforeseen emergency. Today is the third time this year that the special session was held on Saturday where the market remained open for two hours to test its performance.
Nifty crossed the 22,500 level again. This was the gain for investors in the Saturday special session for this week. Bank Nifty also closed above 48000, while Sensex closed above 74000. When the election chaos started and the claims and counter-claims of victory were being presented, what happened to the maximum that the market remained bullish for a whole week, then last Monday, on the first day of the week, Amit Shah came on the channel NDTV Profit and expressed his belief that he will get more than 400 Lok Sabha seats.
Amit Shah's confidence gave the biggest boost to the state-owned shipping and railway companies. Shares of Bharat Dynamics, Mazgaon Dockyard, BEML rose over 30 percent. Shares of Hindustan Aeronautics, Cochin Shipyard rose more than 20 percent.
Another very important, positive thing happened this week from the point of view of the Indian stock market. The United Nations has announced that India's growth rate will increase to 6.9 percent in 2024 and 6.6 percent in 2025. Such things give confidence to retail investors.
However, the sale of non-consolidated Foreign Investment Institutions (FIIs) in the Indian market is a matter of concern. With the exception of the 17th, FIIS has started a massive selling spree. This is the sales figure for the month of May so far. 3.5 Billion Dollars Investment Institutions (DIIS) bought almost the same amount (Rs. 34000 Crores) but what could be the reasons for FIIs pulling out of the Indian market?
Tata Motors in the financial year 2023-24 Rs. 31,399 crore Rs. earned a net profit and began to challenge TCS for the top spot in the Tata Group. Still in the year 2024 Rs. 45,908 crore net profit, TCS is number one in the Tata group but in terms of sales, Tata Motors has become the third largest company behind Maruti, Hyundai and Tata's Panch, Nexon, Tiago, Altroz ​​will soon move to number one due to popularity and growing demand. It seems so.
Two companies hit the market that week. One of them is Somani Ceramics. This week, the stock rose twenty-two and a half percent. (Current price Rs. 765.20) The company announced its fourth quarter financial results. The company showed strong growth overcoming the challenges of decline in exports and also decline in domestic demand.
Another company is Honeywell Automation. This share also increased by fifteen and a half percent on 16th to Rs. It recorded a year high of 53484.55. It was also due to the excellent financial results of the company.
Are you surprised by the above price of Honeywell Automation share? Strong financial results for the financial year 2023-24, large work orders for 2025 and demerger of the energy division into a separate company led power, infrastructure and capability company Siemens to dominate the week. A new company, Siemens Enery India Ltd, will soon be listed on the market. The stock gained 15 percent to close at 7,204 during the week. This share has increased by 100 percent in the last six months. Jefferies has given a target price of Siemens at 8000, IIFL at 7554, Nuwama at 7700, Motilal Oswal at 7800. On this occasion, see the five highest priced major companies in India and their current prices in the box above.
