Mumbai: Weak global cues snapped the Indian benchmark indices’ five-day climbing streak on Friday, accompanied by fear gauge India Vix rising the most in almost two months, leading to Indian investors turning poorer by ₹4.78 trillion. Displaying signs of rising investor uncertainty amid increasing recessionary fears in the US and […]
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After a record-breaking performance in the previous trading session, Indian market struggled to maintain those gains today, with frontline indices losing over 1%. This decline was influenced by a sell-off in global peers, driven by weak US manufacturing and labor market data that reignited recessionary fears. Sector-wise, the metal sector […]
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday tracking a sharp weakness in global peers. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 24,850 level, a discount of […]
The Indian market concluded July on a robust note, extending their winning streak to a second consecutive month. This positive momentum has been driven by significant sector rotation, which has played a pivotal role in sustaining the indices at elevated levels. Despite some volatility experienced after the budget—prompted by the […]
Indian stock market: The market indices – Sensex and Nifty50 ended the day flat due to mixed global signals, on Tuesday. The Nifty 50 opened at 24,839.40, slightly above its previous close of 24,836.10, and reached an intraday high of 24,971.75 and a low of 24,798.65. The BSE Midcap index […]
Solid gains in the Indian stock market across segments drove the cumulative market capitalisation (mcap) of BSE-listed firms to over an all-time high of ₹460 lakh crore, or $5.5 trillion, for the first time on Tuesday, July 30. Until July 29 close, the Indian stock market benchmark, the Sensex, has […]
UltraTech Cement and India Cements: UltraTech Cement’s Board approved the purchase of a 32.72% equity stake in India Cements from its promoters and their associates for ₹3,954 crore at ₹390 per share. This stake sale will trigger a mandatory open offer at ₹390/share, subject to regulatory approvals. The price offered […]
Stock Market News: The five-day losing run was ended on Friday by the domesticbenchmark indices, the Sensex, which gained 1,293 points, and the Nifty 50, which reached a record high thanks to strong value buying at lower prices and a surge in blue-chip companies like Infosys, Airtel, and Reliance Industries. […]
Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on July 26, 2024. From top news to market performance, here’s the market wrap for the week ended July 26, 2024. Top News RBI’s MPC hiked the […]
Indian markets resumed their upward trajectory on Friday, rebounding from the heightened volatility triggered by the Union Budget 2024’s capital gains tax hike and an STT increase on derivatives. Despite less favorable global cues and foreign portfolio investors pulling out of Indian equities following the budget announcement, the indices staged […]