Indian stock markets ended the week steady in the absence of any major bad news, with the BSE 500 index gaining 1.3%. Nearly 53% or 263 stocks closed in the green while 226 slipped on a weekly basis. Markets largely maintained their positive momentum, supported by gains in IT stocks, steady buying from domestic institutional … Read more
The turnover of derivatives in BSE Sensex scaled a high of Rs 6.06 lakh crore on the weekly expiry of Friday to post highest single-day turnover in the exchange. In the options segment, the turnover was Rs 6.06 lakh crore, and Rs 61 crore in futures segment. The turnover jumped 77% from previous week’s expiry … Read more
While traders are busy debating over whether Sensex will rally another 2,700 points anytime this year to zoom past its all-time record high of 62,245.43 touched in the autumn of last year, long-term investors are doing back-of-the-envelope calculations on when will the index hit the magic 1-lakh mark. Earlier this year, Jefferies‘ global head of … Read more