Indian markets are at historically high levels, which have boosted positive sentiment with broad-based purchases and positive global references in sectoral indices. Investors have responded to the US inflation data and concerns have cooled amid expectations that consumer price pressure may occur in the interim, resulting in the possibility of current central bank support. On…
The SGX Nifty is at 15,789.80, up 36.65 points. The Nifty had an excellent pullback session above 100 points. Banks and financial services made profits with Bajaj twins SBI and Sindh Bank. Mid-caps also followed gains as the width was positive with some downsides like Auto & Cement. As retail runs give hope to the…
Markets saw a positive day of trading as the board weighed a narrow cover. Bank Nifty surpassed the Nifty index by 0.3%, with both indices closing in the green. Bank heavyweights such as SBI and ICICI Bank saw a short cover during trading, which closed intraday highs. The Nifty Media Index ended 4.5% higher with…
Indian markets are widely tracking Asian counterparts driven by US-China talks and inflation data. Metal, Pharma, PSU Bank, and IT stocks outperformed buyouts on a broader basis with the Sensex and Nifty 50. These markets are witnessing a volatile session as profit bookings from local and foreign companies have emerged. At 09.46 am, the Sensex…
National Miner Coal India Limited (CIL) has seen a 52.5% increase in its e-auction coal sales in the first two months of the current financial year. In a public statement, CIL said it had set aside 21.5 million tonnes under five auction windows. As demand for coal increased, CIL recorded an increase of 16% over…
Markets saw a negative day of trading as board profit bookings weighed. Bank Nifty fell Nifty .1 0.1% and both indices closed in the red. Large-cap stocks such as Reliance, ICICI Bank, and SBI saw long positions unaware as profit bookings weighed. The Nifty Midcap 100 index closed 0.6% lower. The market width ended in…
Markets saw a negative day of trading as profit bookings were seen in major financial stocks. Bank Nifty cut the Nifty index by 1% and both indices ended in the red. Bank stocks such as SBI, ICICI Bank, HDFC Bank, and Kotak Bank saw long positions unaware as profit bookings weighed. The Nifty Midcap 100…
Markets saw a cheap trading day and long positions with key indices were unknown. Bank Nifty cut Nifty by 1% and both indices declined. Financial stocks such as HDFC Bank, SBI, and ICICI Bank were among the best performers. The Nifty Midcap 100 index closed higher by 0.75%. The market width ended in favor of…
However, markets extended their losses at a slower pace after the RBI left the policy repo rate unchanged for the sixth time in a row. Bank stocks appeared to be the best bears of the day and weighed in on the FMCG Index heavyweights. The Nifty 50 dropped its record high profit. At 12.35 pm,…
Bank stocks are more focused than the Reserve Bank’s monetary policy. Moreover, a slight surge in credit growth, along with market experts, has given the bull markets a boost in banking and financial stocks – which has increased investor appetite for these stocks. The ‘situation’ with the ‘accommodation position’ at the Reserve Bank is expected…
