A pedestrian walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty advanced further to settle at record highs for the second straight session on Thursday, buoyed by lower crude prices in international markets and fresh foreign fund inflows amid a largely positive global … Read more
New Delhi: FIIs, who have made a ‘U’ turn in their strategy, have turned big buyers having invested around Rs 20,000 crore, including bulk purchase, in the last two weeks, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The rally is being driven by segments like banking and IT which were under … Read more
Investors’ wealth climbed by Rs 3,22,385.27 crore from Rs 3,51,19,231.91 crore on Wednesday. The 30-share BSE Sensex jumped 955.4 points to hit its all-time peak of 70,540 during the early trade. The market capitalisation of BSE-listed companies surged to an all-time high of Rs 354.41 lakh crore in early trade on Thursday, with investors becoming … Read more
A traffic signal in the foreground of the Bombay Stock Exchange’s on Dalal Street seems to reflect the mood of the stock markets in Mumbai. File photo | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty hit their all-time high levels on Thursday, December 14, 2023, tracking a global market rally after the … Read more
New Delhi: BSE Sensex is down 249 points on Wednesday morning trade as IT stocks face selling pressure. BSE Sensex is trading at 69,301 points with Infosys, TCS down more than 2 per cent. Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, said Nifty has been roped in with a tight resistance near 21,000 … Read more
New Delhi: The Nifty reached a new all-time high as the RBI Governor announced the monetary policy, surpassing the 21,000 mark, says Rupak De, Senior Technical analyst at LKP Securities. The RBI Governor maintained the key lending rates at 6.50 per cent, a decision that had already been expected and factored in by the market … Read more
New Delhi: Even though the undertone is bullish, the market is likely to consolidate in the near-term since up moves will be countered with profit booking by DIIs and individual investors who are sitting on big profits, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Dips will be bought by FIIs who have … Read more
