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Sensex, Nifty off record highs on Friday but post best month of 2024
VCCircle
·
1y ago
Medial
India's benchmark equity indexes, the Nifty 50 and Sensex, ended June with their best monthly gains of the year. The Nifty 50 rose 6.6% and the Sensex rose 6.9%, boosted by Prime Minister Narendra Modi's reelection and an influx of foreign investment. Although they fell slightly from record highs on Friday, funds flowed into large-cap stocks offering comfort in valuations, with foreign portfolio investors buying INR 188bn ($2.3bn) of shares in June.
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Sensex, Nifty end at record closing high, aided by PSU stocks
VCCircle
·
1y ago
Medial
Sensex and Nifty, India's leading stock market indexes, reached record closing highs on Monday, supported by gains in state-owned companies and a strong start to the earnings season. The Nifty rose 0.35% to 24,586.7, while the Sensex added 0.18% to end at 80,664.86. This marked the second consecutive session of record closing highs for both indexes. The positive sentiment among investors is driven by positive IT company results and expectations for the national budget, which is due on July 23.
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Sensex, Nifty end higher for second straight week, propelled by gain in financial stocks
VCCircle
·
1y ago
Medial
Indian shares had a positive week, with the Nifty 50 index reaching record highs on all five days due to a rise in financial stocks. Despite a slight dip on Friday, the Nifty 50 and BSE Sensex gained 0.78% and 1% respectively for the week. The strong performance is attributed to factors such as strong corporate profitability and robust domestic inflows. Financial and consumer stocks performed well, while IT stocks saw losses. The rally is expected to continue leading up to the general elections in India later this year.
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Reliance, financials push Sensex, Nifty to record highs ahead of election results
VCCircle
·
1y ago
Medial
Indian shares surged to record highs on Monday, driven by financials, Reliance Industries, and energy stocks, following exit polls projecting a third term for Prime Minister Narendra Modi's government in the recently concluded general elections. The Nifty 50 rose 3.25% to 23,263.90 points, and the Sensex added 3.39% to 76,468.78, with both indexes marking their best session in 40 months. Financials and state-owned lenders experienced the highest gains, while energy and oil & gas sectors also performed well. The official election results are due on June 4.
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Sensex, Nifty record longest losing streak this year so far
VCCircle
·
10m ago
Medial
- Sensex and Nifty experienced their longest losing streak of the year, for six consecutive sessions. - The decline was attributed to concerns over corporate earnings and the escalation of the conflict in the Middle East. - Nifty 50 and S&P BSE Sensex both recorded losses, with Nifty losing 0.87% and Sensex shedding 0.78%. - The recent pullback resulted in a 5.6% loss for Nifty and a 5.2% loss for Sensex since hitting record high levels on Sept. 27. - The volatility index reached a one-month high of 15.08. - IT stocks were the only major sector where gains were made, with the IT index advancing 0.7%.
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Zomato Hits Fresh All-Time High At INR 298.05 Amid Broader Market Rally
Inc42
·
10m ago
Medial
Shares of foodtech major Zomato rose over 2% in early trading today, reaching a new all-time high of INR 298.05 on the BSE. This surge came alongside a broader market rally, with Sensex and Nifty 50 also reaching record intraday highs. Zomato's shares have gained nearly 140% year-to-date due to the company's improved profitability.
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Small Caps, Big Gains: 60 stocks deliver double-digit returns as markets hit a fresh high
Money Control
·
1y ago
Medial
Despite mixed signals in the global market, Indian benchmark indices recorded gains this week. The Sensex and Nifty50 both reached record highs, with the IT and private banking sectors showing notable recovery. The Nifty Energy, Nifty Oil & Gas, and Nifty Information Technology indices performed well, while the Nifty Realty, Nifty Media, and Nifty Metal indices experienced declines. Foreign institutional investors (FIIs) continued to acquire equities, further supporting the market. Attention will now turn to the release of US and Indian manufacturing data, the Fed Chair's speech, and the upcoming union budget proposals.
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Major trading apps Zerodha, Groww face glitch after market hits all-time high
Internet
·
1y ago
Medial
Major trading apps like Zerodha and Groww experienced glitches after the stock market hit record highs following exit polls indicating a likely third term for the BJP-led NDA. The Sensex surged over 2,000 points to 76,738.89, and the Nifty reached 23,338.70. The high trading volume also caused the CDSL website to go down.
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Sensex, Nifty retreat from record peaks to close flat; banking, FMCG stocks weigh on indices
Money Control
·
10m ago
Medial
Indian stock market indices, the Sensex and Nifty, closed flat after reaching record highs earlier in the day. The Sensex hit an all-time high of 85,163, while the Nifty surpassed the 26,000 milestone for the first time, reaching 26,011. The market's performance reflects investor confidence in India's growth potential, supported by resilient macroeconomic indicators and increased foreign institutional investor inflows. Metal, IT, and auto stocks drove the rally, while FMCG and banking stocks struggled. The geopolitical concerns in the Middle East did not hinder the market's upward trajectory.
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F&O Talk| Nifty's narrow range breaks on Iran-Israel tensions; 24,450–24,500 emerges as key support: Sudeep Shah
Economic Times
·
1m ago
Medial
The Nifty and Sensex saw declines driven by geopolitical tensions and mixed global cues. With rising Iran-Israel conflict concerns, global markets entered a risk-off mode, impacting equities and boosting safe-haven assets. Crude prices surged, raising inflation fears. Nifty experienced support near the 24500 level, while Bank Nifty registered lower highs. Sectors like oil marketing, aviation, and auto may suffer, while defense sectors might gain. Caution is advised given the uncertain geopolitical landscape.
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Rupee snaps six-session losing streak, gains limited by lingering outflows
Economic Times
·
16d ago
Medial
The Indian rupee halted its six-session losing streak but remained steady against the U.S. dollar, closing at 86.4050 despite the recovery of Asian currencies. Persistent dollar demand from foreign banks, possibly from foreign portfolio outflows, limited the rupee's gains. Simultaneously, Indian equity benchmarks Sensex and Nifty 50 fell by 0.6% due to losses in major technology stocks. Meanwhile, global equity markets reached record highs amid optimism over trade agreements between the U.S. and European countries.
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