Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell.
The combined value of shares listed on Indian exchanges reached USD 4.33 trillion as of Monday's close, versus USD 4.29 trillion for Hong Kong, according to data compiled by Bloomberg.
Indian stock exchanges are closed Monday on the occasion of pran pratistha of Ram Temple in Ayodhya, with normal trading activities to resume on Tuesday.
The BSE trading session is ongoing on Saturday after a long time. Moreover, trading on the National Stock Exchange will remain closed on January 22 as the Maharashtra government has announced a holiday owing to the Pran Pratishtha ceremony.
Mumbai (Maharashtra) [India], January 19: Nifty 50 Exchange-Traded Fund (ETF) stands as a good investment option for those seeking exposure to the Indian stock market's top-performing companies. Let's have a look at the key features, benefits, and reasons why it could be a strategic addition
New Delhi [India], January 18: Max Life Insurance CompanyLtd. ("Max Life"/ "Company") has introduced the 'Midcap Momentum Index Fund' (SFIN: ULIF02801/01/24MIDMOMENTM104) in the ULIP segment. The new fund offering is structured around the Nifty Midcap 150 Momentum 50 Index, which has display
The market dynamics indicated a challenging start, with a notable number of companies registering declines. In the Nifty index, only five companies showed advances, while a significant 45 companies faced declines.
Pune (Maharashtra) [India], January 17: Bajaj Finserv AMC has introduced two new fund offerings, namely Bajaj Finserv Nifty 50 ETF and Bajaj Finserv Nifty Bank ETF, which became available for subscription on January 15, 2024. Marking the company's foray into the ETF market, this strategic in
Simultaneously, the Nifty took a hit of 243.30 points, kicking off at 21,786.00. Market sentiments were strongly bearish, reflecting concerns about the economic outlook.
BPCL, Tata Steel, Titan, ITC, and Maruti emerged as the top performers among Nifty companies, contributing significantly to the positive momentum whereas Divi's Lab, HCL Technology, NTPC, Wipro, and Infosys faced declines, reflecting the dynamic nature of the market.