Mumbai: India’s equity indices advanced more than 1% on Monday, led by a surge in Reliance Industries, after March quarter earnings at the country’s biggest company by market value exceeded expectations. The run-up helped the gauges recover from Friday’s losses caused by escalating tensions between India and Pakistan. The NSE Nifty gained 1.2%, or 289.2…
The Indian market closed lower on Monday, with benchmark indices logging their worst session in 10 months as an intensifying tariff-fueled selloff and rising global recession fears drove investors away from riskier assets. The benchmark BSE Sensex declined 2226.79 points or 2.95% to close at 73,137.90, while the broader Nifty 50 index closed at 22,161.60,…
Indian markets ended higher on Monday, with the Nifty 50 benchmark erasing its year-to-date losses on the day after a six-day winning streak, as renewed foreign buying and bargain hunting lifted market sentiment. The benchmark BSE Sensex added 1078.87 points or 1.40% to close at 77,984.38, while the broader Nifty 50 index closed at 23,658.35,…
The Indian market ended higher on Thursday, extending its rebound for a fourth consecutive session for the fourth straight session on Thursday, lifted by expectations of two U.S. Federal Reserve rate cuts this year despite simmering tariff concerns. The benchmark BSE Sensex added 899.01 points or 1.19% to close at 76,348.06, while the broader Nifty…
The Indian market ended lower on Wednesday, paring early gains, as a decline in information technology stocks—spurred by concerns over U.S. economic growth—weighed on the broader market. Additionally, concerns about U.S. tariffs and their potential impact on the global economy continued to dampen sentiment. The benchmark BSE Sensex lost 72.56 points or 0.10% to close…
After a not so holy dip that the BSE Sensex took during the Maha Kumbh period when it fell nearly 4%, is it time for its resurrection? The history of market performance during Kumbh since 2004 indicates that five out of six times, the index has ended positive over the next six months, with average…
The Indian market ended in green on Tuesday, buoyed by strong gains in financial stocks. The rally came after the Reserve Bank of India announced several measures aimed at enhancing liquidity in the banking system, fueling optimism about a potential interest rate cut in February. The benchmark BSE Sensex gained 535.24 points or 0.71% to…
Seventeen stocks have turned multibaggers since July 23, 2024 when the first budget of Modi 3.0 was presented, and all are smallcaps. The feat is noteworthy at a time when the heartbeat BSE Sensex has plunged nearly 6% while the BSE Smallcap index has fallen by 2%. The stocks with over 100% returns are Marsons,…
The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices…
Mumbai: India’s equity indices soared 2.5% on Friday-the biggest single-day gain in five months-as traders rushed to cover bearish bets in an oversold market ahead of the Maharashtra state election results on Saturday. The bounce-back follows Thursday’s 0.7% slump in the wake of the US indictment against Gautam Adani and others over corruption charges. Seven…