Indian shares fell for a second straight session, hurt by heavyweight financials stocks and RIL, with sentiment dented by the US Fed projection of hiking interest rates sooner than expected
The S&P BSE Sensex gained 6.5 per cent, or 3,154 points in May on optimism on economic rebound and progress in pandemic fight is expected to evince buying interest across major sectors.
Back in 2017, Mark Galasiewski of Elliot Wave International had reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024
Portfolio managers attempt to navigate India's pandemic by focusing on the nation's long-term growth prospects.
Even as the nation reports more than 300,000 confirmed infections daily, benchmark equity index has been moving in line with regional peers.
Virus has spread to places with poor medical infrastructure, says Samir Rachh, who works with Nippon India Mutual Fund.
On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each
Among key sectoral indices, robust global demand lifted the Nifty Metal index to record peak of 4,869 on the NSE today
CLSA opines that the surge in Covid cases in Maharashtra may taper in May as the state is in its fourth-month of the second wave. This, it believes, will be positive for the markets
Hindalco, L&T, Tata Steel, Divis Labs, Reliance Industries, Bajaj Finance, and SBI were the top gainers on the 50-share pack
Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.
The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets
Benchmark indices drop 3% before settling 1.8% lower, amid Covid-19 surge, new restrictions
Barring shares of Dr Reddy's Labs, all constituents of the 30-pack index traded in the red
Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade
Sensex gains 0.94%; Bank Nifty rises 1.5%
The valuation of TCS jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore
All the sectoral indices ended the day in the red with the Nifty Realty, Metal, and PSU Bank indices dropping up to 3 per cent
The Nifty ended Friday's session at 15,031, a fall of 144 points or 0.95 per cent
DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India