Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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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 indices ride high on US Fed’s jumbo rate cut
India’s two frontline stock indices climbed to all-time highs during the trading session and bond yields retreated to a nearly 31-month low Thursday after the US central bank unexpectedly cut rates by half a percentage point overnight. But broader local gauges and export-laden technology counters fell over concerns the outsized reduction re flects hitherto unknown…
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IT stocks drag Sensex, Nifty lower ahead of Fed meet outcome
Ahead of the crucial US Fed meeting outcome tonight in which Jerome Powell is likely to kickstart the rate cut cycle, Dalal Street is adopting a cautious wait and watch mode. Sensex and Nifty opened on a flat note with profit booking seen in IT stocks. Oil and gas stocks were in focus as the…
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Sensex, Nifty trade lower as investors stay on sidelines ahead of US Fed meet
With traders keeping their cards close to their chests as the two-day crucial meeting of the US Fed begins tonight, Sensex and Nifty opened on a muted note with buying seen in FMCG stocks. Britannia, Tata Consumer and HUL were trading 1% higher each while Tata Motors fell over 2% after 1.9 crore shares of…
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Fed factor: Rate cut theory suggests higher equity valuations, but history tells a different story
The Nifty Index experienced negative returns twice and remained nearly flat on one occasion following the last three Federal Reserve rate cut cycles. This suggests a contrarian trend in the index compared to the conventional theory that predicts a boost in equity valuations from lower interest rates. Following the 2001 rate cuts, the Nifty fell…
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Gold’s 16% YTD returns surpass Sensex, catching up with Nifty
Gold’s 16% year-to-date returns have surpassed those of S&P BSE Sensex while the yellow metal is catching up with the broader Nifty50. In 2024, so far, Sensex has gained 15% while the 50-stock Nifty has risen 17%. Gold has been on a rally this week gaining 2%. The movement has been more notable since Thursday…
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Will Nifty get rid of Friday’s scar? Watch out for these 7 factors
Amid weak global cues and lack of any favourable domestic news, Sensex ended a three-week-long winning streak with a loss of around 1.5% with Friday leading the downside momentum. Analysts say that due to lack of new market catalysts and elevated valuations, upside in the short term may be limited. “Q1 GDP growth has moderated,…
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45 smallcap stocks buck the trend to offer double-digit weekly returns amid sharp sell-off
Indian markets experienced selling pressure throughout the week amid muted global sentiments and profit taking in overheated segments at higher levels. During the week, about 45 smallcap stocks have delivered double digit weekly returns with four of them offering over 25% returns. Rama Steel Tubes was the top gainer in the smallcap pack with nearly…
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No Monday Blues! GDP numbers propels Sensex, Nifty to fresh all-time highs
Benchmark Nifty50 opened at a fresh record high for the fourth consecutive session on Monday, driven by gains in IT and financial stocks. This follows data showing that the country’s economic growth outperformed major economies despite a slowdown.The BSE Sensex was up 240 points, or 0.30%, trading at 82,598, while the Nifty50 rose by 75…
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