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.
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The decision to close the markets was taken to ensure that citizens, including those working in the financial sector, can participate in the electoral process. Trading will resume on Tuesday. The next holiday is scheduled for June 17 for Bakrid.
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.
Irrespective of who forms government at the Centre, sectors such as FMCG, auto, healthcare, IT services, private banks, and capital goods are expected to perform well, stated brokerage Prabhudas Lilladher in its latest report, 'India Strategy Report - Mandate 2024, Brace of Volatility'.
The session, split into two parts, will involve an intra-day switch from the primary site to the disaster recovery site for both equity and equity derivative segments.
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 benchmark indices start Friday's trading session on a muted note influenced by global cues. The Nifty 50 index declined by 29 points to 22,374.20 in the early trade while the BSE Sensex lost 149 points to 73,548 at the time of filing this report.