Renowned investor and Chairman of Motilal Oswal Group, Raamdeo Agrawal, predicts significant growth for the Nifty 50 and Sensex indices over the next 15-17 years. Agrawal anticipates that the Nifty 50 could reach 150,000 within 15-17 years, while the Sensex may hit the same level within 5-6 years, despite potential corrections along the way. Emphasizing the importance of patience in investing, Agrawal stresses the ability to stay invested during times of market volatility.
Indian stock markets continued their downward spiral on May 9, extending losses for the fourth consecutive session. The benchmark Sensex and Nifty indices opened marginally lower and declined further throughout the day. The market’s weakness has been attributed to the ongoing Lok Sabha elections and geopolitical uncertainties. Top gainers in today’s session included automobile companies, while oil and gas and construction sectors faced significant losses.
Indian stock markets witnessed a massive crash today, with the Sensex plummeting almost 600 points to 73,294 and the Nifty slipping over 200 points to 22,242. As a result of the sell-offs prompted by weak investor sentiment, investors lost a staggering Rs 5.49 lakh crore in value. Several key sectors, including auto, metal, capital goods, and consumer durables, suffered heavy losses, dragging down the overall market sentiment.
Indian stock markets witnessed a significant sell-off today, with both the Sensex and Nifty 50 indices falling sharply. The market’s losses were broad-based, with all major sectoral indices, except Nifty FMCG, closing in the red. Nifty Metal was the worst performer, plummeting by 2.7 percent. The benchmark Sensex index dropped over 500 points to close at 73,367.39, while the Nifty 50 index lost 178 points to settle at 22,264.50. The market’s volatility also spiked, with the Nifty Volatility Index rising to its highest level since January 2023, indicating heightened uncertainty among investors.
Domestic benchmark equity indices, Sensex and Nifty 50, commenced Thursday’s trading session with a decline after four consecutive days of gains. The fall was partially attributed to the slump in Kotak Bank share price. However, broader markets continued to trade higher, with Nifty Media and PSU Bank stocks emerging as the top gainers. Market analysts note that despite negative triggers, the market continues to exhibit bullishness. Axis Bank’s positive Q4 earnings report is expected to fuel further market optimism, while Kotak Bank’s regulatory challenges may weigh down its stock performance.
Indian markets extended their winning streak on Wednesday, marking the fourth consecutive day of gains. The Nifty 50 index closed 34 points higher at 22,402, while the BSE Sensex surged 114 points to end at 73,852. The Bank Nifty index also climbed 218 points to close at 48,189. Cash market volumes on the NSE were lower than the previous day, totaling 1.03 lakh crore. Broad market indices outperformed the Nifty 50, while the advance-decline ratio remained positive. Analysts expect a brief consolidation in markets before they resume their upward trajectory.
Driven by positive global market sentiment, the Indian stock market extended its winning streak to four sessions on Wednesday. The Nifty 50 index gained 34 points to close at 22,402, while the BSE Sensex rose 114 points to end the day at 73,852. The Bank Nifty index also surged by 218 points to settle at 48,189.
Market breadth remained positive, with the advance-decline ratio staying firm at 1.63:1. However, cash market volumes on the NSE declined compared to the previous day, totaling 1.03 lakh crore.
Technical analyst Vaishali Parekh of Prabhudas Lilladher highlighted a key hurdle for the Nifty 50 index at the 22,450 level. She emphasized that a decisive move beyond this level, particularly to the 22,500-22,550 zone, would improve market sentiment and open the door for further upward momentum.
Parekh recommended three stocks for trading on Wednesday: COLPAL, GNFC, and . She provided buy recommendations for these stocks with specific target prices and stop-loss levels.
Indian equity benchmarks, Sensex and Nifty, rose for the fourth consecutive day on April 24th, driven by positivity in global stocks and buying in metal and commodity sectors. However, selling pressure in telecom, IT, and tech sectors capped the upside momentum.
Despite positive global equity markets, selling pressure on telecom, IT, and tech sectors limited the gains of Indian benchmark indices Sensex and Nifty on Wednesday. The Sensex rose 114.49 points to settle at 73,852.94, while the Nifty advanced 34.40 points to close at 22,402.40. Metal and commodity stocks witnessed buying interest, while JSW Steel, Tata Steel, and Power Grid emerged as the top gainers from the Sensex basket. However, selling pressure on TCS, Tech Mahindra, and Maruti capped the upside. Asian markets ended mostly in the green, and European markets traded with gains, but Wall Street settled with positive returns on Tuesday. Foreign institutional investors offloaded equities worth Rs 3,044.54 crore on Tuesday.
Indian benchmark stock market indices, the S&P Sensex and Nifty50, ended higher on Wednesday, boosted by gains in heavyweight financials and metals stocks.
