RBI action helps Sensex, Nifty50 end 8-day losing streak as D-Street heads into mid-week holiday

RBI action helps Sensex, Nifty50 end 8-day losing streak as D-Street heads into mid-week holiday

Domestic equity benchmarks registered strong gains on Wednesday after the RBI kept the key lending rates unchanged, as expected, while announcing a slew of measures for the financial sector. Both main indices surged 0.9 per cent for the day. The Sensex gained 715.7 points to end at 80,983.3 while the Nifty50 gained 225.2 points to settle at 24,836.3. …

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Nifty 50 Rejig: IndiGo, Max Healthcare set to replace Hero MotoCorp, IndusInd Bank; over .8 billion flows expected

Nifty 50 Rejig: IndiGo, Max Healthcare set to replace Hero MotoCorp, IndusInd Bank; over $1.8 billion flows expected

The NSE’s benchmark Nifty 50 index will see a major reshuffle on Friday, 29 September, with the new composition effective from Monday, 30 September. Budget airline InterGlobe Aviation (IndiGo) and hospital chain Max Healthcare Institute are poised to enter the index, replacing Hero MotoCorp and IndusInd Bank. According to Nuvama Alternative & Quantitative Research, the…

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