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
Benchmark Sensex spurted 418 points to settle at more than six-month high while Nifty closed above the 17,700 mark on Tuesday on positive domestic macroeconomic data and gains in global markets.Buying in index majors Reliance Industries and ITC also added to the optimism in equities. Climbing for the second straight session, the 30-share BSE Sensex … Read more
NEW DELHI: Shares of defence companies defied the weakness in the broader market and managed to close with gains as the government as a council gave preliminary approval to military modernization projects costing Rs 76,000 crore, including the Navy’s next-generation corvettes. The approval will help cut India’s dependence on imports for military equipment as most … Read more