The indices surged on Tuesday taking cues from the rally of global stocks on hopes that the US Federal Reserve would ease its aggressive policy stance. The ease in domestic inflation also helped the market sentiments.
The two rail stocks had been strengthening ever since there had been reports that the government might divest up to 10 per cent stake in RailTel, Rail Vikas and four other public-listed railway firms. There had been reports that the divestment shall give the government a sum of Rs 12,000 cro
In broad-based indexes, S&P BSE LargeCap went up 104 points to 7,110 points with stocks like Zomato, Naukri, Bajaj Finance as most active ones in the index. BSE MidCap moved up 130 points to 25,558.73 level as Godrej Properties and NHPC were gainers in the index.
Among the most active st
The volatility in the stock market on Friday was seen after the US Federal Reserve announced hike in the policy rates and thereafter by the Bank of England by 75 basis points.
The bullish trend in Indian stock indices continued for the third straight week as the benchmark index Sensex breached 60,000 after several weeks on Monday. The majority of the Asian markets rallied and traded in the green as investors cheered the news that the Federal Reserve would go slow
The indices rose on Monday tracking gains from Friday's US markets amid hopes of slower interest rate hikes coupled with healthy corporate earnings back here in India and the seeming return of foreign funds during the past week. The rally in the markets was backed by stock-specific movements
BSE LargeCap rose 11.18 points to 6,909.22 with Maruti, Gail, Bosch, NTPC as active stocks on the index. BSE SmallCap declined 177.55 points to 28,688 while BSE MidCap went down 104.37 points to 25,047.34 level.
The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues from volatile Chinese markets which reeled under the anticipation that Chinese President Xi Jinping's new leadership team might prioritise the state at the expense of the private sector.
New Delhi [India], October 19 (ANI): Indian stock indices extended their gains for the fourth straight session on Wednesday, as the 30-share Sensex surged 147 points and closed at 59,107.19 while the Nifty50 rose 25 points to close at 17,512.25.
New Delhi [India], October 11 (ANI): Indian stocks slumped for the third straight session on Tuesday amid a decline in global markets on fears of further monetary policy tightening by various central banks.