Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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Sensex up 850 times in 45 years! Will it hit the 1,00,000 milestone in FY25?
By compounding wealth at a healthy CAGR of around 16%, India’s heartbeat index Sensex has given eye-popping returns of 850 times to investors in the last 45 years. An investment of Rs 1 lakh, though not a small amount by any means in that period, made at the time of Sensex’ inception in April 1979,…
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D-Street at record high! Sensex jumps 400 pts, Nifty above 25,150 led by bank & IT stocks
Indian benchmark indices, Nifty50 and Sensex, rebounded from a slow start to hit record highs on Thursday, fueled by gains in financial and IT stocks. The BSE Sensex was trading at 82,150 points, up 365 points or 0.45%. The Nifty 50 was at 25,150, up 98 points or 0.39%, around 1:05 pm. Despite the rally,…
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sensex news: Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
Domestic equity indices Sensex and Nifty opened flat on Friday, reflecting a pause in the global equities rally ahead of the Federal Reserve Chair Jerome Powell’s address later today, as markets await confirmation of U.S. rate cuts starting in September. The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was…
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sensex news: Sensex rises over 150 points, Nifty above 24,900 as traders eye key central bank decisions
Ahead of the US Fed meeting outcome tonight in which Jerome Powell will signal the timing and number of rate cuts expected in the next few months, Sensex opened Wednesday’s session around 150 points higher while Nifty crossed the 24,900-level as the 25,000 remained elusive. While traders are booking profits at higher levels, the expectation…
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