This fresh flare-up of tensions in West Asia dealt a blow to market sentiment across the globe. Indian stock market benchmarks the Sensex and the Nifty 50 fell over a per cent each in morning trade on Monday, April 15. Also Read: Stock market crash today: Why is India stockRead More →
Stock market today: Indian stock market benchmarks the Sensex and the Nifty 50 hit their fresh all-time highs in intraday trade on Monday, April 1, amid across-the-board buying despite mixed global cues. The Sensex opened at 73,968.62 against the previous close of 73,651.35 and rose about 0.82 per cent toRead More →
Stock market today: The Indian stock market benchmarks, including the Nifty 50 and the Sensex, closed with notable losses on Friday, March 15. Investors exercised caution amidst persisting concerns regarding elevated valuations and market froth in certain segments, prompting profit-taking activities following the substantial gains seen in the previous session.Read More →
Stock market today: The Indian stock market experienced broad-based buying on Thursday, March 14, facilitating commendable gains for the equity benchmarks – the Sensex and the Nifty 50. Concurrently, the second-rung BSE Midcap and Smallcap indices concluded with robust upticks of up to 3 per cent, underscoring a widespread positiveRead More →
Brokerage firm Nirmal Bang Equities sees “further downside risk to earnings for the Indian IT services industry for both FY25 and FY26 as current revenue assumptions seem aggressive in the context of industry commentary, the timing of turnaround in growth, prospects of US interest rate trajectory and uncertainty around USRead More →
Most banking stocks witnessed significant buying activity on Wednesday, March 6, leading to a nearly one per cent increase in the Nifty Bank index. Nifty Bank closed the day at 47,965.40 with a gain of 384 points, or 0.81 per cent. Nine stocks ended higher in the index while onlyRead More →
NMDC, Punjab National Bank (PNB), BHEL and Union Bank Of India are the top contenders for the inclusion in MSCI Global Standard Index after the February review which will result in significant inflow in these stocks, according to Abhilash Pagaria, Head of Nuvama Alternative & Quantitative Research. Apart from theseRead More →
Nifty declined 0.3 per cent in the previous week and formed a “Doji” candlestick formation on the weekly chart, indicating indecisiveness among market participants. According to Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,000 level, it would witness buying, leading the index towardsRead More →
Apart from positive global cues, experts observed that the pro-growth Interim Budget also influenced investors to buy quality stocks after the recent correction. “The non-populist Budget focused on fiscal consolidation is a big positive. The big allocation for rural housing will benefit all construction-related segments like cement, steel, paints, etc.Read More →
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment canRead More →
