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September 30, 2024 10:09 AM

Investors under 30 years dominate Indian stock market, participation from 60 plus age group dips: NSE

Indian stock market is now dominated by the young investors of age below 30 years, highlighted official data by the National Stock Exchange. As per the data, the number of young investors have surged rapidly in the Indian stock markets. It highlighted that between March 2018 and August 2024, there has been a remarkable increase in the share of investors under 30 years old. In March 2018, this age group made up only 22.9 per cent of the total investor base. However, by August 2024, their share ...

September 16, 2024 3:25 PM

Sensex, Nifty surge as global markets rebound

Indian stock markets opened on a positive note Thursday, riding the wave of a global market rally triggered by easing inflation in the United States. The benchmark Nifty 50 index surged 0.57% or 141.20 points to 25,059.65, while the BSE Sensex climbed 0.5% or 407 points to 81,930.18 at the opening bell. This upbeat start comes in response to the latest US inflation data, which showed a moderation in August. The cooling inflation has fueled expectations of potential Federal Reserve rate cuts at...

September 16, 2024 3:33 PM

Nifty, Sensex upward trend continues, markets open with positive cues amid domestic inflows

Indian stock markets opened on a positive note in the final trading session of August, driven by a global rally in stocks following strong GDP numbers from the U.S. economy. The Nifty 50 gained 0.39% to open at 25,249.70, while the BSE Sensex rose 0.61% to 82,637.03 points.  "Indian markets are expected to record a two decades high successive positive days run rate today. GDP is expected to come a little soft this evening. A lower than expected GDP number could lead to markets seeking a rate ...

May 21, 2024 1:37 PM

ONGC reports highest-ever standalone profit in FY24

ONGC reported its highest-ever standalone net profit of Rs 40,526 crore in FY24 on Monday. In a stock exchange filing, ONGC announced that its consolidated net profit for FY24 reached an all-time high of Rs 57,101 crore, positioning itself as a frontrunner in the energy sector. The company's crude oil production also witnessed a surge of 2.4 percent on a quarterly basis, reaching 5.359 million metric tonnes (MMT) in the fourth quarter of FY24. However, ONGC's standalone gross revenue declined ...

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