The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,180 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Thursday, the domestic equity indices registered fresh closing highs, with the Nifty 50 seeing June F&O series record expiry … Read more
What are your expectations from the new government? Do you expect any major shift on the policy front? The focus should remain towards investment-led growth. We continue to remain bullish on the same themes. While I don’t foresee any significant policy changes, I think it’s wise to pay attention to the Budget and the discussions … Read more
Buy or sell stocks for today: Following weak global market sentiments on better-than-expected US job data, the Indian stock market ended lower on Monday. The Nifty 50 index edged lower by 30 points and closed at 23,259, whereas the BSE Sensex shed 203 points and ended at 76,490. The Bank Nifty index finished 22 points … Read more
However, in a recent note, brokerage house Nirmal Bang pointed out that the benchmark Nifty achieved 22,000 last June and since then the market has been consolidating, the brokerage feels the possible breakout can add 1200 points to Nifty in June. Till now the Nifty has already risen around 800 points, over 3.5 percent this … Read more
Domestic equity benchmarks recorded the biggest weekly gain of 2024 after a volatile week. The indices began the week hitting all-time highs and rose 3.25 per cent on optimism of a memorable win for the ongoing government. The surprise poll outcome, with the ruling Bharatiya Janata Party (BJP) failing to get an absolute majority on … Read more
FPIs offloaded ₹25,586 crore worth of Indian equities and the total outflow stands at ₹12,911 crore as of May 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹8,761 crore in May 2024. “FPIs have been sellers in equity on most … Read more
Simultaneously, the country’s stock markets witnessed a surge in volatility, echoing the intensity of the electoral fervor. Initial market expectations of a third consecutive term for the NDA government with a clear majority were challenged by lower-than-expected voter turnout, prompting erratic market movements. As the seventh phase of the general election concludes on June 1, … Read more
Stock Market News: Friday’s intraday trading saw the domestic benchmark indices, the Sensex and Nifty 50, reach record highs before ending slightly down as a result of profit-booking in the IT, FMCG, and healthcare sectors. Though the markets were supported by fresh inflows of foreign cash and steady prices of crude oil on international exchanges, traders … Read more
Asia’s shares rose after a significant tech-driven surge in US benchmarks, and investors are waiting for important inflation data later on Wednesday to get a sense of what the Federal Reserve will do next. On Tuesday, May 14, amid mixed global cues, the Sensex and the Nifty 50 finished the day in positive territory for the … Read more
The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading around 22,080 level, a discount of nearly 60 points from the Nifty futures’ previous close.e a tepid start for the Indian benchmark index. The Gift Nifty was trading around 19,440 level, a discount of nearly … Read more