Key Points
: Indian equity benchmark indices, BSE Sensex and Nifty50, recovered from morning losses to close higher on Tuesday, with investors shifting towards financial stocks with attractive valuations before the crucial U.S. presidential election...
The NSE Nifty 50 climbed 0.91% to 24,213.3, and BSE Sensex increased 0.88% to 79,476.63..
Domestic markets have been under pressure for five weeks due to disappointing corporate results and significant foreign investor withdrawals, with the Nifty 50 declining approximately 8% from its September 27 peak...
Financial stocks gained about 2% on Tuesday, led by HDFC Bank, the most heavily weighted stock in both Nifty and Sensex, which rose 2.6%...
"The buying in financials which lifted markets higher in the session is due to a strategy adopted by investors to park their funds in segments with valuation comfort for safety ahead of key events like the U.S. presidential election," Reuters quoted Aishvarya Dadheech, chief investment officer at Fident Asset Management as saying...
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