RIL, IT stocks power Sensex 1,300 pts higher ahead of MPC outcome, Nifty tops 24,800
Indian headline equity indices scaled higher for the fifth consecutive day on Thursday, driven by gains in the index heavyweight Reliance Industries and IT stocks, with investors awaiting the Reserve Bank of India’s (RBI) rate decision on Friday. The BSE Sensex surged 1,300 points to trade above 82,200. Meanwhile, Nifty50 was above 24,800 level. TCS,…
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Sensex jumps 600 pts, Nifty above 24,450; metal and financial stocks lead
Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was…
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India Equity Playbook 2024: Will the Santa Claus effect work for Indian markets?
The Indian indices have fallen 8-9% from the peak, wherein US indices are at their peak. This could be due to two reasons: a) Trump coming into power making US equities more attractive due to expected increase in net fiscal stimulus b) The China stimulus impact – which is now waning c) India centric slowdown…
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Sensex surges over 750 points, Nifty reclaims 24,100 as bulls attempt a comeback
Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05…
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NTPC shares jump 2% after NTPC Green Energy’s listing today
Shares of NTPC jumped 2.3% today to a high of Rs 370.25 on the BSE as its green energy arm NTPC Green Energy got listed on the bourses today, surging 10%, post a subdued listing. Meanwhile, the Shares of NTPC Green Energy jumped to Rs 122.75 to hit their upper circuit. The stock debuted at…
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Adani Green Energy shares fall 8% after Co. says no new financial commitment under discussion with TotalEnergies
Adani Green Energy shares dropped nearly 8% to a 52-week low of Rs 893 in Tuesday’s trading session on the BSE, after the company clarified that there were no new financial commitments under discussion with TotalEnergies. This statement came a day after the France-based company on Monday had said that it will not make any…
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Citi upgrades Reliance Industries rating to ‘Buy,’ raises target price to Rs 1,530
Reliance Industries Ltd’s shares surged as much as 3% on Monday to Rs 1302.7 on BSE, after Citi upgraded the stock to a “Buy” rating, increasing its target price to Rs 1,530, citing favourable risk-reward dynamics after a 20% underperformance against the broader Indian market over the last six months. Citi’s latest report highlights an…
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Maharashtra election, FII flows and 5 more factors to likely impact stock markets this week
The Indian equity market ended last week with a loss of over 2.5%, weighed down by earnings moderation and persistent foreign outflows. As markets reopen on Monday, a mix of domestic and international events—including the Maharashtra election, FII flows, and global market dynamics—are likely to influence market movements. On Thursday, the Nifty 50 fell 0.11%…
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Minority investors show less dissent as cos hear them out
Mumbai : Companies are facing less dissent from shareholders these days. Shareholder resolutions with more than 20% dissent from institutional shareholders dropped to 16% in the recently concluded proxy season, down from 17% in the previous two fiscals, as per data from primeinfobase.com. In actual numbers, 1,581 out of 10,092 resolutions saw more than 20%…
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HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
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