Indian Air Force
Global cues lift equity indices; realty stocks rally
Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 - rose after the US Federal Reserve kept interest rates unchanged. Initially, the Indian equity benchmarks indices made gap-up openings with volumes in the markets being above average. Sector wise, all indices witnessed buying, led by Realty, PSU, and Metal stocks.
Buying support pushes equities higher; oil stocks rise
Accordingly, both key indices -- S&P BSE Sensex and NSE Nifty50 -- rose a day after a sell-off which was triggered due to weak Asian cues. As per market observers, the up moves comes on the back of healthy buying support for Realty, Oil & gas, IT and FMCG stocks. Sector wise, Auto, Consumer Durables and Utilities indices traded lower. At around 10.45 a.m., S&P BSE Sensex traded at 58,568.67 points, higher by 77.74 points or 0.13 per cent from its previous close.
Sensex, Nifty open low on global cues, metal and banks top drag
Accordingly, the S&P BSE Sensex index fell as much as 490 points to touch 58,525 in the first few moments of trade after markets opened and the broader NSE Nifty50 fell as low as 17,425 points, down 204 points from its previous close. Both the benchmark indices have recovered slightly with Sensex rising to 58,859 at 9.53 a.m. while Nifty50 trading at 17,515 points.
Expected Covid relief measures sustain equities' gains; Nifty, Sensex at record highs
Accordingly, both key indices, S&P BSE Sensex and NSE Nifty50, made new record highs. The Sensex crossed the 59,500 mark, while Nifty breached the 17,700 level. As per market observers, the up moves comes on the back of GST Council's meet to discuss further Covid relief measures and inclusion of fuel in the indirect tax system.
Record highs: Sensex crosses 59k mark; Telecom stocks soar
Both key indices - S&P BSE Sensex and NSE Nifty50 -- made new record highs. The Sensex crossed the 59,000 marks, while Nifty breached the 17,500 level. As per market observers, the up moves come a day after the government announced support measures for some beleaguered sectors along with provisions for PLI schemes for others.
Nifty hits new high, Sensex up 260 points
Around 10.30 a.m., Nifty was trading at 17,456.05, higher by 76.05 points or 0.44 per cent from its previous close of 17,380 points. The BSE Sensex was trading at 58,514.12, higher by 267.03 points or 0.46 per cent from its previous close of 58,247.09.
Nifty hits record high, Sensex up 200 points
The Indian stock market opened on a positive note on Tuesday with the Nifty50 on the National Stock Exchange (NSE) touching a record high. Nifty hit a fresh high of 17,438.55 points. Healthy buying was witnessed in auto and banking shares.
Bullish trends: Lighter inflationary pressure to unleash equity bulls
The healthy macros, as denoted by the rise in Index of Industrial Production (IIP) will attract foreign capital to the equity markets on the prospects of faster economic growth. Besides, expected easing of retail as well as wholesale inflation points are likely to boost buying sentiments. However, global worries such as prospects of US Fed withdrawing stimulus, spread of Delta variant, slowing global growth and China's regulatory tightening might cap gains.
FPIs net investment of Rs 7,575 cr in September so far
This week, both the key Indian equity indices scaled new highs. The BSE Sensex, on Tuesday touched a record intra-day high of 58,553.07 points and the Nifty50 on the National Stock Exchange hit its all-time high of 17,436.50 points. The total net investment last year stood at Rs 16,556 crore. The inflow of FPIs continues amid a recovery in the economy and improving macroeconomic numbers.
UCO Bank shares surge 10% as RBI lifts PCA restrictions
Around 12.40 p.m., its shares on the BSE were trading at Rs 14.17 per share, higher by 10.62 percent from its previous close. Earlier it touched an intraday high of Rs 14.85 per share. On Wednesday, RBI said that it has taken UCO Bank out from the PCA framework and lifted the restrictions.
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