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Heavyweight bank stocks surged 4.5%, financial services index jumped 4.2%, driving a surge in the Nifty. Bank stocks had dropped nearly 8% on Tue. Nifty FMCG surged 4.3%, while Nifty Auto gained 4.7% on expectations of rural demand. IT index was up 2.4%.Di ETMarkets
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After falling over 6,000 points during the day, BSE's Sensex closed 5.4% down at 72,079 while the broader NSE Nifty dropped 5.93% and closed at 21,884. About Rs 30 lakh cr were wiped out from the markets during the June 4 trade. The market capitalization of all listed companies on BSE declined to Rs 396 lakh crore.…
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Nifty50 and BSE's Sensex both closed at record highs, hitting over 23,250 and 76,400 mark, respectively. This surge came after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections.Di ETMarkets
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Sensex and Nifty both tanked on Thursday due to selling pressure witnessed in most sectors. Sensex even went down 800 pts intraday touching the day's low while Nifty touched an intraday low of 22,459 later both indices corrected and closed at 73, 885 and 22, 488 respectively.Di ETMarkets
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Indian markets closed lower for the fourth consecutive session, with the BSE Sensex declining by 667 points and the NSE Nifty dropping by 183 points. Heavyweight financials and IT stocks led the decline, with ICICI Bank, HDFC Bank, Reliance Industries, Infosys, Axis Bank, L&T, and TCS contributing to the downward trend.…
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When the stock market opened for trading today, investors had cues from two central bankers to choose from - the world's most powerful Jerome Powell, who runs the US Federal Reserve, and RBI Governor Shaktikanta Das. Ignoring Fed officials' concerns over the lack of progress on inflation as revealed in Fed minutes, the bulls chose to focus on the b…
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In recent times, Indian holders of derivatives have faced significant financial losses, a concern that has caught the attention of the government and Finance Minister Nirmala Sitharaman. This situation intriguingly intersects with the Wall Street-based hedge fund Jane Street Group, which is currently embroiled in lawsuits involving two of its emplo…
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From the Sensex pack, JSW Steel and Tata Steel were the top gainers, and rose 4% and 2.7%, respectively. Power Grid, Kotak Bank, UltraTech Cement, NTPC, and Bajaj Finance also ended with gains, while TCS, Tech Mahindra, Maruti, and Infosys closed with cuts.Di ETMarkets
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On June 24, 1999, the Air Force sent out a pilot tasked with bombing Point 4388 in Kargil. But the pilot ended up aiming at a Pakistani military base in Gulteri. Fortunately, the flight systems were designed as one pilot had to go first and set the target and then another plane would follow that had the actual fireworks.…
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The high thrum of shelling reverberated in thin air as men of the Indian Army climbed a straight cliff of about 1000 ft, the last leg of a 16,700 feet height. An entire contingent of Pakistani Army was up there, responding in kind to the shelling from the Indian plains ahead. The game was afoot.Di The Economic Times
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