The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
Shipping sector stocks fell sharply on Tuesday witnessing up to 14% intraday fall as investors booked profits after a sustained rally in these stocks. The top loser was Cochin Shipyard whose stock fell by over 14% to the day’s low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% … Read more
“ is now enjoying an all-time high trajectory, and the kind of momentum we have seen in today’s session clearly shows that now the stock can move higher towards 840-850 zone,” Rajesh Palviya, Head, Technical & Derivatives, Axis Securities Well, 17,000 has been scaled when it comes to the Nifty, and Bank Nifty is also … Read more