The Nifty50 index closed at 24,142, rising 131 points, or 0.5 per cent. Both Sensex and Nifty surpassed their previous closing highs on Thursday
Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today
The gains come amid the background of strong economic data and optimism around the functioning of the new government
The Nifty closed at 24,011, down 34 points, or 0.14 per cent, as gains in Reliance Industries (RIL) were offset by losses in banking
The fastest addition of 5,000 points came from August 13, 2021, to September 24, 2021, when Sensex moved from 55,437 to 60,048 in 28 days
Drop in shareholdings highest in at least 12 quarters
Sustained foreign helps indices log best day in over than two weeks
Unlike the previous election years, bankers said there was more certainty regarding the outcome
Losses in RIL, L&T offset gains in IT stocks
NSE Indices has launched the thematic index Nifty India Tourism Index
Both FPIs and domestic institutional investors were net buyers on Tuesday
Regime continuity, economic outlook behind rally
Here are some low-risk investment options to consider for safeguarding your finances
As of 13:03 PM; NDA was leading on 292 seats and the INDIA Alliance was ahead on 233 seats, while others were on top of 18 seats
Investors' wealth jumped Rs 12.48 lakh crore in morning trade on Monday as the benchmark equity index Sensex hit its lifetime high after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls. The 30-share BSE Sensex jumped 2,777.58 points or 3.75 per cent to hit a record peak of 76,738.89 in early trade. Following the huge rally in equities, the market capitalisation of BSE-listed companies climbed Rs 12,48,952.68 crore to hit an all-time peak of Rs 4,24,61,833.82 crore (USD 5.10 trillion) during the morning trade. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls. The counting of votes will take place on June 4. "The exit poll numbers are very strong for the incumbent government," Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, said. Overall it's positive for the .
If the BJP secures over 400 seats in the Lok Sabha, it will be the second party to do so after Congress, which won 414 seats in 1984 after the assassination of Prime Minister Indira Gandhi
Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. The move is aimed at facilitating ease of doing business. Under the rule, the broker is required to apply to the respective stock exchange for a formal permission to provide internet-based trading service. Further, the stock exchange, which was required to communicate its decision to the member within 30 calendar days, will now have to do so within 7 days, the Securities and Exchange Board of India (Sebi) said in its circular. The internet trading can take place through order routing systems, which will route client orders to exchange trading systems for execution. Thus a client sitting in any part of the country can trade using the internet as a medium through brokers' internet trading systems. Additionally, the regulator has abolished the existing requirement of periodic confirmation
Market fatigue grips as indices forge ahead; declining stocks outpace advancing ones
Analysts said Adani Ports could be assigned a weightage of 1.2 per cent in the Sensex
'Nobody expected the elephant to dance. People had doubts, but I didn't have any doubts. I also didn't expect it (turnaround) to be so fast.'