Stock indices in India continued to march ahead, touching fresh highs for the fifth straight session on Thursday. Sensex almost touched 86,000 at one point today.
Stock indices in India continued to march ahead, touching fresh highs on Wednesday. Sensex closed above 85,000 and Nifty above 26,000 for the first time.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting later this week, particularly the extent of interest rate cut, if any.
Indian stock indices closed Wednesday trade in the red, dragged by a broad-based fall virtually in all the sectoral indices, particularly the media, metal, PSU bank, realty, oil and gas. Profit booking at higher levels also dampened investors sentiment, said analysts.
Indian stock indices rose substantially on Monday, defying a sharp downturn in the overnight US markets, possibly due to inherent strength in domestic market fundamentals.
Indian stock indices took a sharp hit Friday, the last trading day of the current week, with all sectoral indices closing deep in the red. The sell-off was broad-based, with the banking and energy sectors taking the biggest hit.
Expectations of strong festival season demand, revival in rural demand, and hopes of interest rate cuts later this fiscal year are expected to support stock markets, brokerage Prabhudas Lilladher said in its latest 'India Strategy' report.
Mumbai (Maharashtra) [India], June 21: India's stock market, the world's fourth-largest equities market, boasts 200 million active traders and investors. Money Expo India will feature leading Indian stockbrokers such as 5Paisa, Dhan, Fyers, ICICI Securities, and Mprofit, showcasing their gro