The Evergrande crisis is being referred to it as China's Lehman moment. How will this event affect India markets? Listen to this interview to know what Kotak Mahindra AMC's MD Nilesh Shah thinks
Many expect the Sensex to go past 60,000 and the Nifty to top 18,000 in the next few sessions
Stock market LIVE: Sectorally, all indices were trading positively, led by Nifty Realty
Post global cues, rebound in metal, realty stocks improves investor mood
Only 10 stocks from the Nifty basket closed in the red
Sensex posts biggest drop in two months amid global selloff
In the previous session, the index settled 125.27 points or 0.21 per cent lower at 59,015.89.
Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space
Sensex drops 865 pts from day's high; Private banks gain
The Bank Nifty index gained 2.22 per cent ahead of a press briefing by the finance minister
According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million
Nifty adds 139 points and ends session at 17,519, up 0.8 per cent. Both the indices surpass their previous record close made on September 9
Investors have gained Rs 3,35,770.71 crore in two days of market rally, with the Sensex scaling its fresh lifetime peak on Wednesday.
Feat achieved after world-beating performance since August
FPIs on Friday bought shares worth nearly Rs 770 crore, taking their weekly buying tally close to the Rs 7,000 crore mark
The market heavyweight stock jumped 4.12 per cent to close at Rs 2,388.25 on the BSE.
Despite a 5,000-point surge by Sensex, overall market breadth was the worst since March 2020 when stocks had collapsed following the spread of the Covid-19 pandemic
The strong showing in August was supported by domestic investor inflows, say experts
The surge in August saw India's market cap top the Rs 250-trillion mark
Sensex up 8% in August, making India the best-performing major market globally