The Sensex and Nifty indices reached new all-time highs but ended the day flat due to market volatility. Despite a strong start, gains were erased in the final hour of trading. At the close, the Sensex dropped by 19.89 points, or 0.03 percent, to 75,390.50, and the Nifty fell by 24.65 points, or 0.11 percent,…
Gold Rate Weekly Trend: Gold futures on MCX are poised to register a weekly loss of over three per cent, with the spot rate falling by 1.7 per cent so far this week. As of last count on Friday, gold futures for June 5 and August 5 delivery on MCX were at Rs 71,374 and…
BENGALURU, May 24 Indian shares reversed early gains on Friday after hitting record highs for the second consecutive session. IT stocks fell due to concerns that strong U.S. economic data indicates the Federal Reserve might delay rate cuts. As of 10:20 a.m. IST, the blue-chip NSE Nifty 50 (.NSEI) was down 0.16% at 22,930.80 points,…
In the mid-day session, the Nifty Auto index soared to an unprecedented peak of 22,634.05, led by remarkable gains in M&M and Bajaj Auto. Concurrently, the Nifty Realty index exhibited robust growth, climbing by over a percent. Market Resilience: Sensex and Nifty Near Peak Levels As of April 30 afternoon, both benchmark indices, Sensex and…
Major Investment Boost for SJVN Ltd In a significant development, SJVN Limited witnessed a substantial increase in its shareholding as Foreign Institutional Investors (FIIs) bought 2,68,31,848 shares, reflecting their growing confidence in the company’s potential. This move comes as SJVN Limited, a government-owned enterprise, announces the formation of a new joint venture company in collaboration…
ZEE Entertainment Enterprises Ltd. (ZEE) witnessed a strategic move on April 2, as its Managing Director and CEO, Punit Goenka, declared a voluntary reduction of 20% in his compensation package. This decision reflects Goenka’s dedication to propelling the company towards its growth objectives. Embracing Frugality and Efficiency In a regulatory filing, the company highlighted Goenka’s…
Sensex Plummet: Exploring the Factors Behind the Market Turmoil The recent plummet in the Sensex has left investors bewildered and searching for answers. With over ₹12 lakh crore wiped off the market capitalization of BSE-listed stocks, questions arise about the underlying causes of this dramatic downturn. Let’s delve into the details and dissect the intricacies…
In the ongoing trading session, benchmark indices are witnessing significant gains, with the Sensex making an impressive leap of 0.8 percent. Simultaneously, Nifty is also on an upward trajectory, marking an increase of 0.81 percent. Market Momentum at 11:25 AM As of 11:25 AM, benchmark indices continue their upward trend, with the Sensex showcasing a…
Embracing 2024: Anticipating Market Dynamics As the dawn of the new year, 2024, unfolds, the financial markets are poised for potential growth, fostering hopes of extending their triumphant streak for the ninth consecutive year. However, this ascent might commence at a gradual pace. Broad Market Resilience The broader market scenario paints a positive picture, with…
Riding the Wave: Nifty’s Remarkable Ascent In a notable move, the Nifty reclaimed the coveted 20,000 milestone after a span of 47 trading sessions. The burning question in every investor’s mind is, “What is propelling this impressive rally?” Breaking Barriers: Resistance Levels Beyond 20,000 Beyond the 20,000 mark, the index encounters immediate resistance at 20,100…
