The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty 24,100 points for the first time, […]
Nifty50
The Nifty-50 reached the 24,000 mark on June 27, 2024, closing above this level for the first time. This latest 1,000-point rally was the fastest ever, taking just 0.8 months or 17 sessions, highlighted brokerage house Geojit Financial Services in a recent note. Additionally, the index has added 5,000 points […]
Indian stock market: The Sensex and the Nifty 50 concluded with losses on Friday, June 28, ending their four-day winning streak. The benchmarks reached new all-time highs during the session but retreated as profit-taking set in amid mixed global cues. The Nifty 50 touched a peak of 24,174 during the […]
Indian stock market: Despite weak global cues, Indian stock market benchmarks, including the Sensex and the Nifty 50, reached new record highs on Tuesday, June 25. The Nifty 50 reached a new all-time high of 23,754.15, while the Sensex also achieved a fresh peak of 78,164.71 during the session. The […]
Indian stock market: The Nifty remained within the defined range of 23,300-23,500. The short-term sentiment is likely to remain more or less positive. Support levels are seen at 23,400/23,300, where put writers have built significant positions. A decisive fall below these levels might shift the market balance in favor of […]
Domestic brokerage firm JM Financial said in a new report that it is anticipating that two stocks will be added to the Nifty50 index while two others will be removed in the coming weeks. The NSE indices rebalancing announcement is scheduled for August, and the changes will take effect on […]
Edited excerpts: Market has been on a high, will it remain the same ahead of election results or will there be a correction? Markets work like discounting machines that often incorporate forward-looking events into current prices. They typically show a reversal only when unexpected surprises occur. Events like election results […]
Indian stock market: Market indices Nifty is expected to climb to 24,500 by December 2024, driven by an expected earnings growth of 15%. Furthermore, the Nifty is projected to continue its upward trajectory, surpassing 26,500 by December 2025, according to brokerage firm Emkay Investment Managers. “In the immediate near term, […]
The surge comes after the Reserve Bank of India (RBI) announced a substantial ₹2.1 lakh crore dividend to the government. This development is a significant macroeconomic positive for the market, with direct implications for the fiscal deficit and bond yields. “The infusion of funds is akin to an indirect rate […]
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in […]