Nine of the top-10 most valued Indian firms added a collective Rs 2,89,699.42 crore in market valuation last week, led by Reliance Industries. The surge follows a strong rally in the Indian equity markets, with the BSE Sensex gaining over 2% last week and 7.14% in June. The Sensex even breached the 79,000 mark on Thursday.
The Indian stock market opened lower on Thursday, following a decline in Asian stock markets. The Nifty 50 index fell by nearly 60 points, the BSE Sensex lost over 200 points, and the Bank Nifty dropped by approximately 170 points. The decline in Asian equity markets was triggered by concerns over the outlook for the technology sector after Meta Platforms Inc. reported disappointing results. Experts from Anand Rathi believe that the Indian stock market will remain positive as long as the Nifty 50 index stays above 22,200 to 22,250. They recommend buying stocks such as IndusInd Bank, Federal Bank, and GAIL.
The Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Thursday, with BSE Sensex dipping 200 points and Nifty50 near 22,300 levels. Despite the decline, technical analysts remain optimistic about the short-term market sentiment, as Nifty closed above critical moving averages. Global markets presented a mixed picture, with S&P 500 closing higher and Asian equity markets experiencing a decline. Foreign portfolio investors (FPIs) continued to be net sellers, while domestic institutional investors (DIIs) were net buyers.
The Indian stock market witnessed a positive trend on April 24, 2024, with both Nifty 50 and BSE Sensex closing higher. Nifty 50 gained 104.3 points (0.47%), reaching a value of ___, while Sensex climbed by 367.52 points (0.5%), closing at ___. In the BSE Sensex index, Tata Steel, Kotak Mahindra Bank, Bajaj Finserv, Power Grid Corporation of India, and Bajaj Finance emerged as the top gainers. Infosys, Hindustan Unilever, Tech Mahindra, and Asian Paints were among the top losers. Within the Bank Nifty index, Bandhan Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, and ICICI Bank led the gains, while Bank Of Baroda and Au Small Finance Bank experienced declines.
Indian equity benchmark indices BSE Sensex and Nifty50 opened the trading session in green on Wednesday. The Sensex surged 200 points to briefly move above 74,000, while the Nifty50 breached 22,400. At 9:28 AM, the Sensex was trading at 73,928.51, up 190 points (0.26%), and the Nifty50 stood at 22,415.75, gaining 48 points (0.21%).
