Indian equity benchmarks continued their upward trajectory this week, with the Nifty50 rising 1.3% and the Sensex gaining 1.6%. In contrast, broader markets lost momentum after outperforming in the previous week. The BSE Midcap index edged up 0.4% week-on-week, while the Smallcap index slipped 1.3%. On Friday, the benchmark BSE Sensex added 259.75 points or…
READ MOREIndian benchmark indices Sensex and Nifty ticked higher on Tuesday, as the Reserve Bank of India’s (RBI’s) liquidity-enhancing measures helped counter weak global cues triggered by U.S. President Donald Trump’s continued criticism of the Federal Reserve chair Jerome Powell. The BSE Sensex was up 205 points, or 0.26%, at 79,613, while the Nifty50 rose 52…
READ MOREBanks are expected to report yet another muted quarter, with Q4FY25 earnings taking a hit due to slower-than-expected loan growth and pressure on net interest margins. While the 25 bps rate cut in the February monetary policy by the Reserve Bank of India (RBI) is expected to show its impact, another 25 bps cut announced…
READ MOREBEML shares jumped 3.5% in early trade to their day’s high of Rs 3243.90 on the BSE on Friday after the company secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing, supplying, and launching standard gauge metro cars. The contract also includes training personnel and providing comprehensive maintenance for up to…
READ MOREThe semi-annual rejig of Nifty indices is set for Thursday, March 27, with Zomato and Jio Financial Services set to enter the Nifty 50 index, driving combined cumulative inflows of $591 million across passive funds, according to Nuvama Alternative & Quantitative Research. Meanwhile, the exclusion of Britannia Industries Ltd. and Bharat Petroleum Corp Ltd. (BPCL)…
READ MOREIndian equity indices opened in the red on Friday, snapping a four-session gaining streak, dragged by IT stocks amid concerns over discretionary spending in the U.S.The BSE Sensex was down 114 points, or 0.15%, at 76,234, while the Nifty50 slipped 14 points, or 0.06%, to 23,176 around 9:19 am. The Nifty IT index dropped over…
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