Amid steep volatility, expiring weekly index options and foreign investor selling, the bellwether Nifty plunged 1.55% to 21,957.5, its biggest single-day fall since 17 January, while the Sensex fell 1.45% or 1,062 points to 72,404.17, its worst since 23 January. Nifty’s top five losers alone accounted for almost three-fifths of the index’s 345-point fall. Foreign … Read more
However, Gift Nifty’s trends suggest a favorable opening for the Indian benchmark index. Currently, Gift Nifty is hovering around the 22,432 level, representing a premium of approximately 39 points over the previous close of Nifty futures. On Tuesday, both equity benchmark indices ended in red on an all-round selloff, defying positive global cues. Also read: … Read more
The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,740 level, a premium of nearly 25 points from the Nifty futures’ previous close. On Tuesday, the domestic equity indices ended lower with the Nifty 50 holding above 22,600 level. The Sensex fell 188.50 points … Read more
Four of Nifty’s five top gainers were banks, fetching 70% of the Nifty’s 223.45-point gain to 22,643.40. They also were the top five stocks on the Sensex, which rose 1.28% to 74671.28. Analysts expect the bellwether indices to outperform their small- and mid-cap counterparts, as large private sector banks close the valuation gap. The 12-stock … Read more
According to reports, traders stated that continuing outflows of foreign funds, a falling rupee, and rising global crude prices further weighed on sentiments. Sectoral indices were mixed bag; the Nifty Consumer Durables index finished 1.72% higher than the Nifty Financial Services index, which ended 0.89% lower. India VIX recovered as well at 10.92 levels. On Friday, the … Read more
Macrotech Developers: The company, operating under the ‘Lodha’ brand, has increased its pre-sales forecast for 2024-25 by 20% to ₹17,500 crore, backed by robust demand and a strong launch pipeline, according to a senior company official. The Mumbai-based developer achieved a record high of ₹14,520 crore in pre-sales in FY24. On Wednesday, the real estate … Read more
The BSE Sensex, comprising 30 shares, concluded the session with a gain of 599.34 points or 0.83%, reaching the level of 73,088.33. Similarly, the Nifty 50 achieved a closing level of 22,147.00, up by 151.15 points or 0.69%. However, the broader market lagged behind the benchmark indices, with the Nifty Small Cap 100 edging up … Read more
The Sensex closed above the 75,000 mark for the first time on Wednesday, April 10. The NSE Nifty50 index has touched the 22,700 mark. The benchmark indices Sensex and Nifty have soared around 18.74 per cent and 20.03 per cent respectively during the Calendar Year 2023. In fiscal 2024, the Nifty posted a 30 per … Read more
The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around the 22,820 level, a premium of nearly 85 points from the Nifty futures’ previous close. On Tuesday, the domestic equity benchmark indices failed to sustain all intraday gains to end marginally lower amid profit … Read more
Larsen and Toubro: L&T Defence, the defence equipment arm of Larsen and Toubro, plans to expand into the production of non-military equipment and infrastructure. This strategy aims to optimize the use of its assets while the company anticipates securing larger defence contracts. To align with this new business approach, the division has been renamed L&T … Read more