Key Points
Nifty, too, hit a fresh all-time peak of 21,654.75 amid all-round buying in banks, auto, metals and IT stocks...
The market rally was broad-based but Nifty's 1% rise left smallcap and midcap indices behind as investors found more value in bluechips after the non-stop rally seen in smaller stocks...
On Tuesday, Wall Street stocks continued their positive momentum, with the Dow and broad-based S&P 500 both rising 0.4%, while the tech-rich Nasdaq Composite Index climbed 0.5%.. 2) Santa Claus rally effectMarkets are known to follow seasonal patterns and Santa Claus rally, which is usually seen in the last five trading days of December and the first two sessions of January, is one such pattern that seems to be playing out in the market now...
Oil prices were stable on Wednesday after the previous day's strong gains as investors monitored Red Sea developments, with some major shippers resuming passage through the area despite continued attacks and broader Middle East tensions.. 5) Banking on banksNifty Bank on Wednesday ended 1.17% higher at 48,282 with analysts eyeing 49,000 level on Thursday..
PNB and Bank of Baroda ended with gains of 3-4%.. 6) Red Sea reliefDespite the attacks by Yemen's Iran-backed Houthi militia, major shipping firms such as Maersk and France's CMA CGM were resuming passage through the Red Sea following the deployment of a multinational task force to the region..
You might be interested in
Sensex crashes over 1,000 points: 6 reasons behind the Rs 8 lakh crore selloff
23, Jan, 24After India became the world's fourth largest stock market, Dalal Street experienced a sell-off with the Sensex falling over 1,000 points and the Nifty cracking over 1%. The broader market also saw a decline, particularly in mid and smallcap indices. This resulted in investors losing about Rs 8 lakh crore in market capitalisation of all BSE-listed stocks. Despite positive momentum in global markets, banks, oil and gas stocks, FMCG, and metals experienced a downside, while pharma and IT sectors saw buying activity.
Sensex zooms over 700 points; Nifty scales past 18,250: 7 key factors driving the rally
08, May, 23Sensex trades closer to the 62,000 points mark, while Nifty exceeds the 18,250 level. The total market capitalisation of all BSE-listed stocks rose by Rs 2 lakh crore to Rs 275.86 lakh crore. The rally comes despite some foreign brokerages taking a neutral-to-bearish stance on Indian equities.
Has Indian stock market topped out after hitting life-time high — explained
06, Jul, 23Stock market today: Speculation arises if market has topped out, but experts believe rally will continue, led by FMCG and Capital Goods sectors
Stock bulls richer by Rs 5.5 lakh crore in 2 days. Is it just about Adani?
06, Mar, 23Adani stocks continued to rally for the fifth day today as investors now, shifted focus away from the Hindenburg report following the signing of a Rs 15,446 crore deal with GQG Partners, which picked stakes in 4 companies.
Sensex, Nifty end flat as investors await key macro data; bank stocks fall
09, May, 23The S&P BSE Sensex shed 2.92 points to settle at 61,761.33, while the NSE Nifty 50 ended 1.55 points higher at 18,265.95. Broader market indices also ended on a mixed note, erasing broad-based gains seen in early trade.
D-Street investors turn richer by Rs 2.2 lakh cr. What sparked today's rally?
26, May, 23Among the Sensex stocks, RIL, Sun Pharma, HUL, HCL Tech and Wipro were the top gainers. On the other hand, only Bharti Airtel, Power Grid Corp, and NTPC closed in the red.
Stocks To Watch: ONGC, BHEL, Reliance Industries, ICICI Bank, Sun Pharma, RITES, Central Bank of India
29, May, 23Buzzing stocks: The SGX Nifty hinted at a positive start for benchmark indices BSE Sensex and NSE Nifty 50. Here's a look at the stocks to watch in trade on 29 May.
Sensex zooms 750 points on last day of FY23: Top 5 factors behind the rally
31, Mar, 23Nifty valuations are now reasonable and this has prompted FIIs to turn buyers in the last two days. The market is oversold and this can lead to short-covering and a tactical rally in the near-term, said Dr. V K Vijayakumar of Geojit Financial Services.
Buy or sell: Ruchit Jain of 5paisa recommends buying Tata Chemicals and Max Financial Services stock this week
05, Mar, 24Buy or sell stocks: Ruchit Jain of 5paisa has recommended two stocks to buy this week - Tata Chemicals Ltd and Max Financial Services Ltd.