The dropout rate of companies in index surged in post-liberalisation economy, even as Indian equities joined the global asset pool, with the entry of foreign institutional investors in the late 1990s
In the last 11 years, the Sensex has ended August higher 6 times, with an average gain of 3.42 per cent, and lower 5 times, with an average decline of 2.71 per cent.
BSE barometer Sensex jumped 827 points or 1.07 per cent in intraday deals to a high of 77,593. Its NSE counterpart, Nifty 50, added 218 points or 0.90 per cent to touch 24,203.
VK Vijayakumar of Geojit Investments said that the attack on Saudi tankers by the Iran-backed Houthis in the Red Sea is the main reason for the recent sharp spike in oil prices.
Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.3 per cent and 0.53 per cent higher, respectively.
Amid the ongoing West Asia linked supply issues the company has initiated pricing interventions and operating cost optimisation measures to mitigate operational pressures.
BSE barometer Sensex lost as much as 690 points or 0.88 per cent to hit the day's low of 77,445. At the same time, the Nifty 50 index briefly slipped below the 24,150 mark.
Buying interest extended to broader markets as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices settled higher by 0.45 per cent and 0.75 per cent, respectively
Technical analysts at SBI Securities and Choice Broking expect the Nifty to retest record highs around 26,350, and Sensex to rally toward 89,000 in an optimistic scenario.
July has also been traditionally good for foreign inflows, which aided market performance. According to data compiled from the NSDL, FPIs have been net buyers of Indian stocks in 9 out of 12 years.
A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week.
The ₹2,300 crore fund will be raised in one or more phases/tranches to boost the strategic and business initiatives. Further, the board decided to deliberate further on options for raising funds
Vascon Engineers has received a letter of intent from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters
In the international market, Gold fell on Wednesday, as oil prices rose on renewed hostilities between the US and Iran, fuelling concerns about inflation and interest rate hikes.
NLC India slipped 3.7 per cent after the government exercised the oversubscription option in the ongoing OFS, taking the total offer size to 4,15,99,098
Afcons Infrastructure has received a letter of award from Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra
