Interim budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday. Finance Minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1 (Thursday). The Federal Open Market Committee meeting will be held on January 30 and 31. "Market is likely to consolidate further ahead of the US Fed interest rate decision where the Fed is expected to maintain status quo and give some hint with regards to rate cut timeline. Apart from this, BoE (Bank of England) monetary policy is also due coupled with a few key economic data releases which might keep markets volatile. "Further many heavyweights would be ...
Closing Bell on December 28, 2023: The S&P BSE Sensex hit record high level of 72,484 and the NSE Nifty50 claimed 21,801 intraday
The only concern for the markets, analysts say, is whether the cumulative rate hikes executed across the globe would lead to growth slowdown, or will the global economy recover significantly
Stock market highlights: After listing at a whopping 140 per cent premium, shares of Tata Technologies closed at Rs 1,326, which is 165 per cent higher against the issue price of Rs 500
Benchmark equity indices Sensex and Nifty edged higher on Wednesday after a volatile trade amid weak cues from Asian and European markets along with unabated foreign fund outflows. The 30-share BSE Sensex advanced by 33.21 points or 0.05 per cent to settle at 64,975.61. During the day, it hit a high of 65,124 and a low of 64,851.06. The broader Nifty went up by 36.80 points or 0.19 per cent to close at 19,443.50 with 29 of its components closing in green and the rest 21 in red. Among the Sensex firms, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers. ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel and Bajaj Finance were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude climbed 0.15 per cent to USD 81.73 a ...
Closing Bell on Tuesday, October 31: The broader markets saw some action with the BSE MidCap index rising 0.29 per cent and the BSE SmallCap index 0.02 per cent
Closing Bell on Wednesday, September 20: HDFC Bank shares were the biggest dragger on the benchmarks as they dropped nearly 4 per cent, while JSW Steel, and Reliance Industries fell over 2 per cent
Selective IT stocks may rise up to 22% in the upcoming sessions, as per their technical charts
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
Stock Market Live updates on June 2, 2023: At 7:15 am, the SGX Nifty quoted 18,619 levels, up 55 points
Industry sees limited impact of new TER structure on profit
Stock Market Live on May 29, 2023: Asian markets climbed higher after the US striked a tentative debt deal. Nikkei led gains, rising 2%. Hang Seng, Strait times, S&P/ASX 200 and Kospi rose 0.2-1%
Stock market live updates: The SGX Nifty, on Friday, indicated a muted open for benchmark indices as it stood around 18,423 levels, down 43-odd points, amidst mixed sentiments across global markets
CLOSING BELL: Adani Enterprises fell over 6 per cent, while Adani Ports, Tata Motors, HDFC, HDFC Bank, ICICI Bank, Reliance Industries, HUL, and Asian Paints declined up to 2 per cent
Stock market live updates: The SGX Nifty, on Tuesday, indicated a firm start as it quoted 18,359 levels, up 24-odd points
CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets
The MSCI All-World index rose about 1.1% on the day, although it is on track for a more than 3% decline in December
Expectations that China would gradually loosen its zero-Covid policy and open up its economy also lifted sentiment
Experts say gains by Indian equities will be steady if is no crude oil price surge
The global economy needs to find a more solid footing before most stock markets break out of their torpor, according to market strategists polled by Reuters