The surge in IT stocks was fuelled by the US Federal Reserve's decision to cut interest rates by 50 basis points, lowering the target range to 4.75 per cent to 5 per cent.
The uptick in NBCC share price came after the company announced that it has inked a memorandum of understanding (MoU) with MTNL for a project worth Rs 1,600 crore.
The Nifty Bank Index is currently exhibiting a bullish trend on the charts, suggesting a positive outlook for the near term.
Shares of VST Industries hit a 52-week high of Rs 4,784.45, rallied 16% after the company said its board may consider issue of bonus shares in the forthcoming meeting on Thursday, July 25, 2024.
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
At the operating front, earnings before interest taxes, depreciation and amortisation (Ebitda), zoomed 79.2 per cent on a Y-o-Y basis to Rs 75.6 crore in Q4FY24, from Rs 42.2 crore in Q4FY23
The top five states from where women traders come are Maharashtra (22.38%), Andhra Pradesh (10.68%), Karnataka (7.65%), Uttar Pradesh (6.43%) and Kerala (5.78%).
The MF deployment in equity funds is linked to the investor inflows into equity and hybrid funds. In the last two months, equity schemes have received a net of Rs 38,800 crore
Economic growth, the AMC said, is expected to be led by investments
Nifty50 also takes wing to reach fresh high
Retirement fund also invests in CPSE index, which has been a laggard among ETFs
Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
Market participants said most of the large schemes had a 'growth' tilt at a time when the 'value' theme outperformed the market over the past one year
Advise sticking to shorter duration debt funds and using correction for accumulating gold
Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors
Expectations of income tax cuts and tax relief for equity investors have further fuelled the market rally
Apart from sustaining your portfolio when the domestic market is faring well, global diversification also safeguards it against currency risk