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May 6, 2024 10:58 AM

Indian stock market surges in early trading

The Indian equity market started the week on a positive note as the benchmark indices, Sensex and Nifty, bounced back in early trade. The BSE Sensex climbed 328.54 points to reach 74,206.69, while the NSE Nifty advanced by 93.45 points, settling at 22,569.30. Among the major gainers in the Sensex basket were TCS, JSW Steel, IndusInd Bank, ICICI Bank, Wipro, and Axis Bank. Notably, Kotak Mahindra Bank saw a remarkable jump of over 4 percent after announcing a substantial 25 percent growth in its...

May 5, 2024 11:17 AM

Foreign portfolio investors return as buyers in Indian stock market

Foreign portfolio investors (FPIs) have resumed their role as net buyers in the Indian stock market in May, marking a turnaround from their selling spree in April. According to data from the National Securities Depository Limited (NSDL), FPIs purchased equities worth Rs 1,156 crore in India up to May 3.   In April, FPIs turned net sellers in Indian stocks, as the ongoing geopolitical crisis in the Middle East then likely pushed investors to take money off their portfolios.   FPIs, who cont...

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