Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
Indian stock markets surged to record highs on Thursday driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481 respectively. Notably, the Nifty 50 closed 0.33 per cent higher at 23,398.95, while the Sensex ended 0.27 per cent up at 76
Indian stock indices witnessed a bloodbath on the day the Lok Sabha results are being announced, where incumbent BJP performed below par and seems it may fall short of exit poll predictions and the majority mark.
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.
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
Analysts asserted that a strong US dollar, uncertainty in Lok Sabha elections outcome after a decreasing voter turnout trend seen so far in the three phases that went to vote, and a profit booking after the recent rally hurt the markets.
This week will be dominated by the corporate earnings releases and the highly anticipated Federal Open Market Committee (FOMC) meeting scheduled for April 30 to May 1.
Snapping a four-day winning streak, Indian stock indices closed sharply lower on Thursday, primarily due to risk aversion by investors amid weak global cues.
Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level.
Indian stock market indices settled in the red on Tuesday, kicking off a holiday-truncated week in line with Asian peers, with investors now focusing on US inflation data due later this week.