Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
Sensex and Nifty ended lower on Thursday after advancing for four consecutive sessions as investors took to profit booking. Investors also treaded with caution ahead of Q4 results from index heavyweight Reliance Industries. Jet Airways was in the spotlight throughout the day over its steep fall.
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.
The contribution of core digital sectors like information technology-business process management (IT-BPM), digital communications, and electronics manufacturing to India’s gross domestic product (GDP) may increase from seven per cent in 2017-18 to eight to 10 per cent in 2025, says a new report from McKinsey Global Institute.
The BSE Sensex on Thursday ended at a record closing high of 39,832, ahead of the swearing in of the new Union Cabinet. The Sensex advanced by 329.92 points, or 0.84 per cent,
Indian shares hit a record high on Monday after exit polls from the country’s marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi. While opposition parties refused to concede and the country faces a nerve-jangling three day wait until the official count begins,
The benchmark Sensex closed just 66 points in the green after moving within a narrow range on Tuesday, as poll euphoria appears to be fading. The Sensex closed 66.44 points, or 0.17 per cent higher than its previous close,
Mumbai: The Sensex closed 248 points lower on Wednesday, ahead of the expiry of the May series of futures and options contracts. All the sectoral indices on the Nifty fell except the export-oriented IT stocks which gained on a depreciating rupee. The BSE Sensex closed 247.68 points or 0.62 per cent lower at 39,502.05
Dissatisfaction with India’s lagging economy didn’t deter voters from handing Prime Minister Narendra Modi and his Hindu nationalist party a landslide parliamentary election victory. Defying unfavourable global markets, domestic indices inched up on Friday as investors cheered the formation