The Indian market ended higher on Monday, with the Sensex and Nifty recouping some of the losses recorded during Sunday’s special session, as investors digested the impact of the federal budget on markets and capital flows. The recovery came despite proposals to increase transaction taxes on derivatives and the absence of new measures aimed at […]
The Indian market closed lower on Wednesday, with the Sensex and Nifty giving up early gains as traders held on to gains ahead of US Federal Reserve policy outcomes.The S&P BSE Sensex fell 275 points (0.32%) to close at 84,391.27, while the NSE Nifty 50 lost 82 points (0.32%) to close at 25,758. This is […]
The Indian market closed lower on Monday, with the Sensex and Nifty witnessing an intraday decline of up to 1%, as investors locked in gains from small and midcap stocks and widened their selling into major blue chips. Continued withdrawals from foreign funds and a cautious mood ahead of the Federal Reserve’s midweek policy decision […]
Markets hit new record highs — 26,325.80 on the Nifty and 86,159 on the Sensex — on Friday before giving up gains to close marginally lower as weakness in pharma and financial stocks outweighed support from the auto and IT sectors. The Nifty settled at 26,175.75, down 27.20 points (0.10%), while the Sensex fell 64.77 […]
Nifty’s 4% rally over the past three months has more scope to grow, says Prabhudas Lilladher (PL), who estimates the heartbeat index to reach its target of 29,094 in the next 12 months, implying 11% growth from current levels. PL has revised its targets upwards from 28,781, believing that economic momentum will pick up from […]
The Indian market ended higher on Wednesday, with the Sensex and Nifty paring early losses, as renewed foreign inflows and a recovery in IT big names kept sentiment steady. Infosys led the charge, anticipating its Rs 18,000 crore share buyback that will start on Thursday.The S&P BSE Sensex rose 513 points, or 0.61%, to close […]