Even as the global market mood remained mixed, Indian equities continued their northward journey with the indices scaling fresh all time highs. Nifty galloped to a new high of 19,732 intra-day, but ended 0.75% higher at 19,711. Similarly, Sensex also notched a new high of 66,656 levels and settled at 66,590, up 529 points or … Read more
Amid positive global cues, Indian equities recorded a fresh lifetime high intraday on Thursday, with Sensex hitting 66,000 levels for the first time. Nonetheless, selling in blue chips led the indices to pare intraday gains with Nifty ending at 19,414 points, while Sensex settled at 65,559, adding 0.25%. Meanwhile, broader markets underperformed the headline indices. … Read more
Benchmark equity indices ended lower on Wednesday after three days of gain amid profit-taking ahead of the June inflation print, which came in higher owing to high food prices.Fag-end selling pulled down 30-share BSE Sensex by 223.94 points or 0.34% to settle at 65,393.90.Nifty closed below 19,400 levels, with a cut of 55 points or … Read more
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
You might have often heard that — an intelligent businessman makes profits from others’ money. That’s the reason why businesses prefer borrowing money. Companies then deploy the borrowed funds in their operations and generate profits. Meanwhile, they must repay the principal amount and interest to the lender. That’s precisely how debt works, right? But debt … Read more
Recovering from a significant market downturn is a testament to a company’s resilience and ability to bounce back. The Nifty Smallcap100 stocks have witnessed impressive recoveries from their 52-week lows, showcasing their potential for growth and investor confidence. Among them, KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy … Read more
Following US Federal Reserve Jerome Powell’s hawkish commentary on Wednesday, Indian equities ended lower in a volatile session. Nifty settled below 18,800 levels, down 0.45%. Meanwhile, high volatility also weighed on midcap and smallcap indices, which were having a good run over the past few sessions. From the Nifty pack, Divis Laboratories, L&T, HDFC twins … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more
Amid positive global market sentiments and tracking gains in the bank and financial services pack, Indian equity markets ended on a positive note on Friday. Nifty ended above 18,800 levels at 18,826, up 0.74%. Here’s how analysts read the market pulse: “The headline indices were outperformed by mid- and small-caps, with the Nifty Mid-cap index … Read more
In the last three months of strong gains in markets, it is the stocks in the broader market that are partying hard as is visible in their performances. This also reflects in the traction that mutual funds have seen in their midcap and smallcap funds. Among the top 25 schemes by assets under management (AUM), … Read more