The Nifty index began the June series on a positive note, and after the initial event euphoria subsided, the bulls took full control, pushing the index past the psychological 24,000 mark to a new all-time high of 24,087. Despite dropping to 21,280 levels during political volatility in the first week, […]
Market Outlook
Stock Market News: Profit-booking took centre stage on Friday’s session, prompting the domestic benchmark indices, the Nifty 50 and Sensex, to give up early morning gains and remain in the negative throughout the day’s trading. Market experts noted that the market breadth too favoured the bears as only 18 stocks in […]
Devina Mehra, the founder, chairperson, and managing director of First Global, believes several micro and smallcap stocks are at unreasonable valuations and cautions investors against them, especially those with a market cap below ₹5,000 crore. Mehra highlighted the risks associated with investing in microcap and smallcap stocks in an exclusive […]
Going ahead, the brokerage sees limited short-term upside for the Nifty due to high valuations and a lack of positive catalysts. Despite this, the pause is viewed as a temporary phase in a long-term bull market, with a low likelihood of a significant correction. SAMCO maintains a positive outlook on […]
In day trading, the 30-share BSE Sensex rose 1,720.8 points, or 2.29%, to a new record high of 76,795.31. The benchmark closed at a record high of 76,693.36, up 1,618.85 points, or 2.16%. The NSE Nifty rose 498.8 points, or 2.18%, to 23,320.20 throughout the day, trailing just the record […]
The majority of polls estimate the Bharatiya Janata Party (BJP)-led alliance will win between 350 and 400 seats overall, which is far more than the 272 seats needed for a majority in the 543-seat lower house of parliament. The alliance took home 352 in 2019. On Tuesday, the votes will […]
“Assuming a stable alliance under Modi’s leadership for the next five years, we recommend buying equities on a steep correction. We do not see any chance of a non-NDA government coming to power,” said the brokerage firm. Concerns over low voter turnout overblown While the stock market’s biggest concern about […]
Stock Market News: Friday’s intraday trading saw the domestic benchmark indices, the Sensex and Nifty 50, reach record highs before ending slightly down as a result of profit-booking in the IT, FMCG, and healthcare sectors. Though the markets were supported by fresh inflows of foreign cash and steady prices of crude […]
The Nifty 50 closed the week with a gain of 2.03%, marking its most significant weekly increase since January 2024, while the Sensex also ended the week with a gain of 1.85%, its highest since January. Several factors contributed to this upward movement. Firstly, there were expectations of a rate […]
The 30-share BSE Sensex ended higher by 260.30 points or 0.36% at 72,664.47 level while the Nifty 50 closed at 22,055.20 level, up 97.70 points or 0.44%. India VIX was at 18.60, up 2.20% for the day. Following four days of losses, the benchmark Nifty 50 saw some buying, according […]