Just two days after the market cap of BSE-listed companies touched the milestone of USD 5 trillion, the market capitalisation of companies listed on NSE too reached a similar feat on Thursday.
The consistent bull run in Indian stock indices - Sensex and Nifty -- continued through Thursday, and touched fresh highs yet again, reacting to Prime Minister Narendra Modi's assertion that BJP-led alliance is on track to form the government for a record third term.
On Wednesday, Nifty 50 index gained 20 points to 22,549.70 from the previous close of 22,529.05, while the Sensex also took a small lead of 91 points to 74,044.53 after closing at 73,953.31 on Tuesday.
The market capitalisation of companies listed on BSE has touched a milestone of USD 5 trillion, hitting a fresh high on May 21, exchange data showed on Tuesday.
Indian markets started Tuesday's trading session on a flat note amid mixed global cues. The Nifty 50 index stood at 22,458 after losing 40 points, while the Sensex shed 206 points to 73,801 at the time of filing this report.
The six seats in Mumbai that go to the polls on Monday are Mumbai North, Mumbai North West, Mumbai North East, Mumbai North Central, Mumbai South and Mumbai South Central. The other constituencies of Maharashtra that will be part of the ongoing election in the fifth phase include Dhule, Dind
Analysts now believe the uptrend in the Indian stock benchmarks is expected to continue through this upcoming week starting Tuesday. On Monday, stock markets will remain closed on account of General Elections.
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties.
After a volatile start to the session, Indian stock indices signed off this week's trade on a positive note, supported by strong support from a majority of sectoral indices. With the fourth phase of elections now behind us, it is widely expected by investors, that the Narendra Modi-led gover
Indian stock indices are off to a strong start at the opening bell Thursday, tracking firm overnight cues from US markets which rose after a softer-than-expected US consumer inflation in April.
Indian stock indices started Wednesday's session marginally higher, keeping the positive momentum intact for the fourth straight session, primarily tracking positive cues from the US markets which rose overnight.