Indian equity benchmarks closed slightly higher on Tuesday, with both the Sensex and Nifty 50 rising 0.15 per cent. Gains were led by information technology (IT) and oil marketing companies (OMCs), buoyed by easing crude oil prices and positive global cues. The GIFT Nifty signals a firm start for June 12, reflecting sustained investor optimism….
SBI Mutual Fund has revised its stance on Indian equities to neutral from underweight, citing improved valuations, resilient GDP growth, and stable corporate earnings. The move marks a subtle but notable shift in the sentiment, as markets continue to hold firm despite global headwinds and tariff-related uncertainty. “This shift represents a healthier market outlook and better…
Domestic equity benchmarks ended a choppy session largely unchanged on Tuesday, as selling pressure in heavyweights such as HDFC Bank and ICICI Bank outweighed buying interest in other financial stocks. The Nifty Bank—whose 12 constituents are stocks of the strongest lenders in the country, including SBI and HDFC Bank—declined 210.5 points, or 0.4 per cent, to settle…
Indian equities in today’s session started trade on a strong note mirroring positive developments overseas. At the open, Nifty climbed to 25,152 levels, up 0.19 per cent or 48.9 points, while the Sensex gained 0.18 per cent to 82,595.87. From the broader markets, smallcap and midcaps rallied with over 1 per cent gains. Meanwhile, Bank…
Indian equities in Monday’s session opened higher amid good domestic macros and after RBI’s blockbuster rate cut on Friday. At the open, Sensex gained 395.18 points or 0.48 per cent to 82,584.17, while the Nifty50 climbed 123.95 points or 0.5 per cent to 25,127. Meanwhile, Bank Nifty marked its fresh all-time high of 57,049.5. From…
Indian indices rallied significantly in Friday’s trade after the RBI’s rate cut move to the tune of 50 basis points. At the close, Nifty50 settled above 25,003.05,up 1.02 per cent or 252.15, while the Sensex settled higher by 0.92 per cent or 746.95 at 82,188.99. Meanwhile, the Bank Nifty after RBI’s good enough liquidity push…