Indian stock indices continued their upward trajectory for the seventh consecutive session, demonstrating resilience despite market caution ahead of a pivotal announcement by the U.S. Federal Reserve later today. Both Nifty and Sensex closed with marginal gains, with Nifty inching closer to the 24,830 mark, finishing at 24,823.15, up 0.05% or 11.65 points. Sensex also…
Bears dominated the stock market again on August 8, as India’s key indices, Nifty and Sensex, closed lower. A significant drop in IT and Metal stocks contributed to the negative sentiment. At the close, the Sensex fell by 581.79 points or 0.73%, ending at 78,886.22. Meanwhile, the Nifty dropped by 180.50 points or 0.74%, finishing…
Kotak Institutional Equities has raised alarms about the sustainability of valuations for numerous Indian companies. The brokerage firm has highlighted that 104 companies are trading at price-to-earnings (PE) ratios exceeding 50 times, with nine companies trading at over 100 times PE. For a company to justify a PE of 100 times, it would need its…
Market Surge Propels Reliance Industries and ITC to Significant Gains In the past week, the 30-share BSE benchmark witnessed a remarkable surge, soaring by 561.89 points or 0.86 percent. On July 7, the Sensex reached an unprecedented high of 65,898.98, reflecting the bullish sentiment in the market. Among the top-10 most valued firms, Reliance Industries…
