Domestic equity benchmarks Nifty 50 and Sensex logged their worst performance since the week ending October 27 dragged by information technology (IT) stocks – culminating in a second consecutive week of losses. The frontline indices fell about 1.3 per cent each over the three sessions in the last holiday-truncated week,Read More →
In addition, the dimming hopes for an early rate cut by the US Fed, geopolitical tensions in the red sea, and rising US bond yields have also dampened investors’ sentiment. This led them to book profits amid a significant rally in the Indian stock market in CY23, causing stocks toRead More →
Sensex ended at 64,718.56, higher by 803.14 points or 1.26% last week on Friday. While Nifty 50 surged by 216.95 points or 1.14% to end at 19,189.05. In the week from June 26th to 30th, Sensex rallied by 1,658.59 points or 2.63% and Nifty 50 zoomed by 511.60 points orRead More →
Indian market recorded its worst weekly performance in eight months. Global cues have played a bigger role in dictating sentiment as worries about rate hikes and inflation escalate. On the domestic front, the hysteria in Adani shares also soured the tone. On Friday, Sensex and Nifty 50 extended their sixthRead More →
