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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JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077
JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India’s metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the…
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Linde India shares rise over 6% on acquiring Tata Steel’s gas supply assets
Linde India shares jumped 6.1% to Rs 7641.6 on Thursday after the company announced that it had entered into a plant sale agreement with Tata Steel to acquire their industrial gas supply assets. The deal includes the acquisition of two 1800 TPD Air Separation Units (ASUs) at Tata Steel’s Kalinganagar Phase 2 expansion project, as…
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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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Moderately valued’ metal stocks shine on bourses
Metal stocks were among the top gainers in Monday’s trading session on perceived moderate valuations, and after New Delhi initiated an anti-dumping probe on Vietnamese hot-rolled coil (HRC) imports. The Nifty Metal Index gained 1.87% while the benchmark Nifty advanced 0.13% on Monday. National Aluminium surged 4.35% on Monday followed by Hindalco which gained 4%….
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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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