A hot topic of discussion in global economic forums is the meteoric rise of India as an economic superpower. Over the past decade, India has steadily climbed the ranks of global economies, transitioning from the tenth to the fifth largest economy in the world.
Indian stock indices rose marginally Thursday morning after they witnessed mild losses in the previous session. Today's positive momentum could be linked to record GST collection in April coupled with overall stability in the economy.
The Sensex, India's benchmark index, closed at 74,482.78, marking a decline of 188.50 points or 0.25 per cent after reaching an intraday and all-time high of 75,111.39. Similarly, the Nifty 50 concluded at 22,604.85, down by 38.55 points or 0.17 per cent from its 52-week high of 22,783.35.
Shares of JNK India Limited made its stock market debut on a strong footing on Tuesday, as its shares listed with a 50 per cent premium over the issue price.
Indian stock indices continued their gains from where they left the previous session, though marginally, supported by strong US markets coupled with improved investor sentiment with the relative easing of tensions in the Middle East.
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.
Indian stocks opened higher on Monday morning, backed by strong US markets which showed a robust performance on Friday. Also, improved investor sentiment with the relative easing in tensions in the Middle East and declining oil prices supported the Indian stocks.
According to the market analysts, the uptrend in the stock market may continue for the coming week after the U.S. markets showed a robust performance on Friday.
Pune (Maharashtra) [India], April 26: Systematic Investment Plan (SIP) is a popular way for people to invest in the stock market without needing a big chunk of money upfront. But, like many things, it comes with its fair share of myths and misconceptions. Let's take a closer look at some of
Indian stock indices marked the third straight session of gains on Wednesday, largely due to buoyancy in the manufacturing and services sector as reflected in the PMI data.