India’s bluechip Nifty 50 index fell for the first time in nine sessions on Friday, succumbing to the persistent concerns of US rate hikes that have weighed on global equities. The Nifty 50 settled 0.85% lower at 19,331.80, while the 30-member S&P BSE Sensex fell 0.77% to 65,280.45. Both indexes hit record highs for the … Read more
Indian equity indices closed little-changed on Tuesday, with a rise in autos and realty balancing out a fall in information technology stocks ahead of a widely expected rate hike pause by the US Federal Reserve, as well as the Reserve Bank of India this week. S&P BSE Sensex rose 0.01% to 62,793 while Nifty remained … Read more
Indian market closed in the green for the second consecutive dayon Wednesday following positive global cues. The S&P BSE Sensex rose more than 100 points while Nifty50 closed above 17150 levels. Sectorally, buying was seen in healthcare, utilities, FMCG and auto stocks while selling was visible in consumer durables, metal, realty and telecom stocks. Stocks … Read more
Against this backdrop, key themes such as infra, BFSI, FMCG, and metals will be in focus in the run-up to the Budget and thereafter. The brokerage expects the overall capital expenditure for the infra segment in the Budget to increase by 20% year-on-year (YoY). The focus will be on the development activities such as roads … Read more