Nifty50 nears 21,000 mark; Adani stocks emerge biggest market driver
In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.
India's benchmark NSE Nifty 50 Index closed at a record high on Friday while the futures climbed as much as 1.6% early on Monday
Benchmark indices log the best week in 5 months
The Securities and Exchange Board of India (Sebi) has extended the timeline for implementing online dispute resolution (ODR) platform to April 2024
November was a blockbuster month for the Nifty index, which rose 5.5 per cent, the most since July 2022
Defence ministry has signed a Rs 2,956 crore contract with BHEL to procure 16 upgraded super rapid gun mount (SRGM) and accessories for Indian Navy.
For OMCs, FY24 is turning out to be the best year in terms of earnings, despite the upcoming general elections, according to analysts.
Tata Motors is looking at a strong second half (H2FY24E) and beyond due to improvements in all 3 business verticals.
Shares of Adani Power hit a new high of Rs 464.30, as they surged 17 per cent on the BSE in Tuesday's intra-day trade on back of over six-fold jumped in average trading volumes.
Global brokerage firm Jefferies has initiated coverage on the BSE with a 'buy' rating and a price target of Rs 2,700.
Magadh Sugar & Energy, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 13 per cent on the BSE in Thursday's intra-day trade.
Last week the company said it recorded highest-ever festive sales, clocking more than 1.4 million units in retail sales during the 32-day festive period.
The average trading volumes at the counter jumped four-fold today, with 21.24 million equity shares changing hands on the BSE till 12:23 PM.
The signing of free trade agreements (FTAs) with multiple countries, and stability in export incentive policy presents an opportunity for Indian exporters to gain global market share.
The stock was trading higher for the fourth straight day, surging 26 per cent during the period.
The stock hit a new high of Rs 3,400, up nearly 2 per cent on the BSE in Tuesday's intra-day trade on expectations of healthy December quarter earnings
In Tuesday's intra-day deals, Sastasundar Ventures was locked in the 20 per cent upper circuit at Rs 469.10 on the BSE.
The company received a Letter of Intent worth Rs 356.78 crore from Municipal Secretary's Department of Pimpri-Chinchwad for construction of General Hospital Building in Pune.
So far in November alone, the stock has rallied 29 per cent as against around 3 per cent gain on the Sensex.