Sensex jumps 100 points, Nifty above 24,550 amid US-China trade talk optimism; auto stocks rise
Benchmark equity indices, Sensex and Nifty, traded higher on Wednesday, tracking positive cues from global peers, as optimism over a potential breakthrough in US-China trade talks lifted market sentiment. The 30-share BSE Sensex rose 186 points, or 0.23%, to 80,876, while the Nifty50 gained 58 points, or 0.23%, to trade at 24,592 around 9:19 am….
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Dalal Street Week Ahead: Broader trend intact, but short-term risks rising
Over the past five sessions, the Indian equity markets headed nowhere and continued consolidating in a defined range. In the previous weekly note, it was categorically expected that the markets might stay devoid of any directional bias unless it either takes out the upper edge or violates the lower edge of the consolidation zone. In…
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FIIs remain net buyers in May, infuse Rs 18,082 crore into Indian equities
Foreign Institutional Investors (FIIs) turned net buyers in Indian equities for the second consecutive month, with data up to May 30 showing a net inflow of Rs 18,082 crore through the exchanges, according to NSDL data. This follows a net purchase of Rs 4,243 crore in April, marking a notable shift in sentiment after heavy…
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Can Sensex hit 1 lakh in 1 year? Morgan Stanley gives new target
While describing the drawdown in Indian stocks from September 2024 high as an opportunity to buy India’s long-term story, global brokerage firm Morgan Stanley has given a new target of 89,000 for Sensex by June 2026 in its base case scenario. And in the bull case scenario, of which there is a 30% probability, the…
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