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Source: Business Standard Sensex, Nifty fly high: Benchmark indices – Sensex and Nifty 50 – witnessed a strong rally on Friday, September 20, 2024 on the back of a 50 bps rate cut by the Federal Reserve on September 18. The Sensex rallied 1,509.6 points intraday, hitting a fresh record high of 84,694.5 levels….
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 4:16 PM IST Nifty PSU Bank slips: The Nifty PSU Bank index, which monitors the performance of public sector banks, fell by as much as 1.80 per cent, hitting an intraday low of 6,556.25 on Thursday, September 19,…
Source: Live Mint The US Federal Reserve reduced its benchmark interest rate by 50 basis points, marking the first decrease since 2020, as the central bank started to unwind the restrictive policies it had put in place to address inflation. The Federal Reserve’s benchmark policy rate has remained in the 5.25%-5.50% range for 14 months….
Source: Live Mint Stock Market Today: The wait for interest rate cut decision by the US Federal Reserve continues keeping the market participants cautiously optimistic and thereby markets range bound, though with a positive bias. The benchmark Nifty 50 index on Tuesday ended with gains of 0.14% at 25,418.55 up 34.80 points. S&P BSE Sensex…
Source: Live Mint Indian stock market: The Indian market saw another day of consolidation on Tuesday, with traders staying cautious ahead of the Federal Reserve’s upcoming policy meeting. On Wednesday, the Fed is anticipated to announce its first rate cut since 2020. The Nifty 50 closed the session with a 0.14% rise at 25,418 points,…
Source: Business Standard 2 min read Last Updated : Sep 16 2024 | 10:53 AM IST Adani Power stock flies: Shares of Adani Power were in focus on Monday, September 16, 2024. The stock rose as much as 7.53 per cent to hit an intraday high of Rs 681.30 per share Similarly, Adani Green…
Source: Live Mint Indian markets shed almost a per cent in the 11 days of September due to geopolitical tensions, concerns regarding rate cuts, expensive valuations and other negative global cues. The benchmark Nifty has lost 0.93 per cent in September so far but has risen almost 15 per cent in 2024 YTD. The decline…
Source: Business Standard 3 min read Last Updated : Sep 11 2024 | 2:51 PM IST Nippon India Mutual Fund (NIMF) on Wednesday launched the Nippon India Nifty 500 Momentum 50 Index Fund. This open-ended scheme aims to capture the growth potential of India’s equity market by investing in top-performing stocks from the Nifty…
Source: Live Mint Stock market today: On Tuesday, the Indian stock market extended its gains for the second consecutive trading session. The Nifty 50 rose by 0.42 percent, ending the day above the 25,000 mark at 25,041 points. The BSE Sensex also closed higher, climbing 0.43 percent to reach 81,912 points. Trade setup for Wednesday…
Source: Live Mint Krishnan VR, Chief of Quantitative Research team at Marcellus, believes that valuations of Indian markets are clearly quite extended both compared to history and across various sectors and stocks. However, he opined that as long as mid- and small-cap stocks deliver on expected earnings growth, there won’t be any valuation derating. He…
