Domestic equity benchmarks BSE Sensex and Nifty 50 logged their best week in 2024 so far, as the government’s fiscal prudence in Interim Budget 2024 boosted sentiments. The benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, driven by gains in heavyweights suchRead More →
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 →
Benchmark indices recorded their worst week in over two months clocking the biggest weekly losses, tracking mixed earnings and muted global cues. After the subdued start, a sharp cut in the middle derailed the momentum however, resilience in the select heavyweights in the final sessions trimmed losses. Nifty Bank alsoRead More →
