Stock

June 14, 2024 11:10 AM

Stock indices remain firm in opening trade, hover around record highs

Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the United States. At the time of filing this report, Sensex and Nifty traded a touch above their previous day's closing. Nifty sectoral indices were mixed today. India's annual retail inflation eased to a 12-month low of 4.75 per cent in May from 4.83 per cent in April, government data showed on ...

September 16, 2024 6:42 PM

Sensex-Nifty touch all-time high as PM Modi predicts historic win for BJP alliance

The consistent bull run in Indian stock indices - Sensex and Nifty -- continued through Thursday, and touched fresh highs yet again, reacting to Prime Minister Narendra Modi's assertion that BJP-led alliance is on track to form the government for a record third term. The prime minister also predicted that the margin of victory would be even broader. In an interview with the Economic Times, PM Modi said his party's election outcome will result in a record running streak on the country's stock e...

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...