Stock markets kicked off the New Year on a flat note with benchmark Sensex closing with modest gains of 31 points in a highly volatile trading session on Monday helped by buying in energy, services and telecom shares. The 30-shares barometer scaled new intraday record high of 72,561.91 before closing at 72,271.94, a gain of 31.68 points or 0.04 per cent over the last close. During the day, it hit a low of 72,031.23 and a high of 72,561.91. The broader Nifty also hit its all-time intraday high of 21,834.35 before settling higher by 10.50 points or 0.05 per cent at 21,741.90. As many as 22 Nifty shares advanced while 28 declined. Key stock indices remained volatile throughout the session as traders were indecisive in the absence of global cues, analysts said. "Market exhibited strength led by optimism on rate cuts, easing global inflation, and softer bond yields. But profit booking was visible at higher levels as lingering concerns over Red Sea disruptions pose short-term risks to ..
The blue-chip NSE Nifty 50 settled 0.05% higher at 21,741.90 points, while the S&P BSE Sensex added 0.04% to 72,271.94
This is the first time that the Indian equity benchmarks have seen eight consecutive years of gains. The previous longest winning streak was from 1988 to 1994
UP surpassed Gujarat to take the second position in 2023 by adding 33.8 per cent of new stock market investors
Profit booking after the excellent run was cited as the primary reason for this week's market rout
BFSI firms hold a weighting of 34.5%, down from 36.7% at the end of Dec 2022
Investors on Monday were mostly chasing stocks which offer some value vis-a-vis their peers
Closing Bell on Monday December 18: In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory
"A key contributor to this success has been the PE-VC markets, which have risked capital and sown financial know-how," said the Crisil report
A positive for Bitcoin over the next few months is the expectation that the BlackRock application to launch a Bitcoin spot ETF is likely to be approved soon
Benchmark indices shed early gains as investors await Fed decision
The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg
Nine index components have dragged the index lower by over 1,600 points since September 2021 and nearly half the components have underperformed
Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues
Experts suggest that this is a sign that higher interest rates have dampened worker demand and raised bets that the Fed's monetary policy tightening cycle is over
The ADTV for NSE in the futures and options segment fell 2 per cent MoM to Rs 311.7 trillion, while that for the BSE rose 7.2 per cent to Rs 35.2 trillion
Nifty50 also takes wing to reach fresh high
The assets under management of active smallcap schemes experienced a slight decline, even as smallcap indices registered double-digit gains in November
Meanwhile, last week, the S&P BSE Sensex gained 2.29 percent or 1,511 points to end at 67,481 levels, while the Nifty50 gained 473 points, or 2.39 per cent, to 20,267 levels
Stock market holiday today: Including November 27, the Indian stock market has remained closed for 13 weekdays so far in 2023