June 20, 2024 6:01 PM

Stock market closes in green after flat opening

The stock market ended in positive territory on Thursday after a tepid start, buoyed by gains in key sectors and a favourable global economic climate. The BSE Sensex rose by 172.75 points, closing at 77,478.93, while the NSE Nifty edged up by 62.85 points to settle at 23,578.85. The trading session began on a flat note but picked up momentum as the day progressed. Among the Nifty companies, 28 recorded gains while 21 saw declines, reflecting a broadly positive sentiment across the market. The...

June 7, 2024 4:39 PM

Sensex, Nifty end at record highs, erasing election-day losses

Indian stock markets surged for the third consecutive session on Friday, ending at record levels and erasing losses suffered on election day when the BJP lost its majority in the lower house of Parliament, securing far fewer seats than exit polls had predicted. The Nifty ended 2.05% higher at 23,290.15, while the Sensex closed up 2.16% at 76,693.36. Both indices were boosted by the Reserve Bank of India's (RBI) upward projection of GDP growth to 7.2% from 7% for 2024-25 and the prospects of pol...

June 5, 2024 5:09 PM

Stock market revives and closes above Friday’s high

Indian stock markets experienced a significant surge of over 3 percent by the closing session on Wednesday, bouncing back from the losses incurred during the election results. The NSE Nifty 50 index soared by 3.36 percent, settling at 22,620.35, while the BSE Sensex saw a robust increase of 3.20 percent, closing at 74,382.24. Both indices surpassed their closing levels from the previous Friday, when the Nifty index closed at 22,531 points. On the day of the election results, the Nifty had plun...

June 4, 2024 1:14 PM

Sensex, Nifty plunge as polls show BJP’s mandate slipping

Indian stocks tanked the most in four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls. Modi's bloc looked set to secure a majority in early vote counting in the general election on Tuesday, but the numbers were well short of the landslide predicted in exit polls. The Nifty index dropped as much as 5.43% to 22,000.60 points while the BSE index fell to a lo...

May 3, 2024 5:28 PM

Sensex, Nifty decline amid selling pressure on large caps

The BSE Sensex and Nifty fell on Friday as selling pressure in index heavyweights after the Nifty hit a record high dragged the indices into negative territory. Additionally, market sentiment was dampened by rumors circulating about potential tax changes in the upcoming Union Budget of July 2024. The Sensex lost 732.96 points, closing at 73,878.15, while the Nifty dropped 172.35 points, ending the day at 22,475.85. Notable gainers included Coal India, Bajaj Finance, Grasim, Tata Consumer Serv...