While the banking sector may have underperformed compared to the Nifty over the past 6 to 12 months, it remains poised for significant long-term growth due to India’s largely underbanked population. The Nifty Bank index has gained 8.5 percent year-to-date in 2024, compared to an over 13 percent rise in […]
Indian stock market
In July, the Indian stock market benchmark Nifty 50 has been breaking records, fueled by optimism surrounding the growth-oriented Union Budget 2024 and expectations of strong earnings from India Inc. for the June quarter (QFY25). A pro-growth Budget and better-than-expected earnings of Nifty 50 companies will boost the market, making […]
The upcoming Union Budget 2024 is expected to be fiscally prudent yet expansionary with continuation of the earlier policies of the NDA government, according to a survey conducted with over 50 smallcase managers. A study conducted by investment platform smallcase reveals that over 80% of smallcase managers expect a hike […]
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open flat on Tuesday tracking mixed global market cues. Asian markets traded mixed, while the US stock market ended higher amid rising hopes of a second Donald Trump presidency and bets that the US Federal […]
Indian stock market: Market indices Sensex and Nifty reached new closing highs on Monday, July 15, driven by gains in select index heavyweights including SBI, ONGC, NTPC, and ITC. The Nifty 50 reached a new record peak of 24,635.05 during the session, ultimately closing 85 points higher at 24,586.70, an […]
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
Domestic brokerage house Motilal Oswal Financial Services (MOFSL) has revised its target price for silver, recommending a ‘buy on dips’ strategy. In a recent note, MOFSL set a new target price of ₹1,25,000 from a 12-15 month perspective, reflecting increased confidence in the precious metal’s performance. Silver, traditionally considered a […]
Indian stock market: The domestic equity market is expected to open in green amid mixed global cues. US stocks ended higher on bets that the US Federal Reserve will cut interest rates in September. Traders are betting on a 94% chance of a rate cut by September, up from 78% […]
Since June 4th, the national market has been thriving on a strong foundation. The formation of a stable government and high expectations for the upcoming budget have been key drivers for this rally. Optimism may have grown further when the final budget date was extended to July 22nd, allowing for […]
Indian stock market: The Nifty has given a consolidation breakout on the daily chart, driven by a strong technical breakout in IT giants. The sentiment looks positive from here, as the indicators and popular overlays indicate a continuation of strength. Support is visible at 24,400, where significant short buildup has […]