Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance
Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Asset Management are among a number of prominent names talking up prospects for the country's shares in recent days
As against the pre-Covid peak of 41,945 that the S&P BSE Sensex attained in January 2020, the Hindu accounting year ended 3.6 per cent up at 43,443 points
Recovery from Covid 19 shall be the key driver for the markets in Samvat 2077. Besides, improving economic indicators and earnings growth are expected to drive the markets
The company's profit after tax (PAT) was up 328 per cent year-on-year (YoY) at Rs 242 crore.
The Indian stock market ended over one per cent higher on Tuesday on the back of favourable global cues
With a strong rebound from 50-DMA, both Sensex and Nifty have built a strong base that can see higher upside
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Selling was witnessed across-the-board with financial stocks taking the biggest knock.
The last time the Sensex had gained for nine straight sessions was in April 2018
The stock of ITC had hit a 52-week high of Rs 266.2 on November 11, 2019.
The benchmark S&P BSE Sensex rallied nearly 10 per cent in the past 10 trading sessions and regained the psychological 40,000-mark after over seven months
Analysts at Emkay Global Financial Services remain positive on the cement sector and expects industry volume to start improving from the January-March quarter (Q4FY21)
Since their March 2020 low, the Indian benchmarks - the S&P BSE Sensex and the Nifty 50 - have gained 47 per cent and 48 per cent, respectively.
In the past six months, the stock has soared 82 per cent against 25 per cent rise in the S&P BSE Sensex.
On Friday, equities posted their biggest weekly drop since May, with the benchmark Sensex and Nifty dropping nearly 3 per cent amid a sharp sell-off in technology stocks in the US
According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion
Other stocks that were buzzing in the trade were Texmaco Rail (up 11 per cent), Capacite Infraprojects (up around 10 per cent), and Adani Enterprises (up over 8 per cent).
All that happened in the markets today
The S&P BSE Sensex climbed 1.5% to close at 37,020.14- most since March 6