Bulls drive markets to new all-time highs, with the Nifty 50 crossing the 23,000 level for the first time in morning trade today (May 24). The near-term support for the Nifty has shifted from the 22,520-22,500 zone to 22,700. According to analysts, the next target for the index is 23,500-24,000.At 09:46 hrs IST, the Sensex was up 98.01 points or 0.13 percent at 75,516.05, and the Nifty was up 14.0...

Only five stocks — ICICI Bank Ltd, Mahindra & Mahindra Ltd, State Bank of India, Reliance Industries Ltd, and Bharti Airtel Ltd— contributed over 75 percent to the 1,000-point rally that propelled Nifty to its fresh record high of over 23,000 on May 24 from the 22,000 mark in January.The benchmark 50-share Nifty, which breached the psychological 23,000-mark during early morning trading on Frid...

Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023 after the conglomerate cut debt and landed major projects.The stock clawed back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipu...

Indian benchmark indices have lately been trading with a bullish undertone. There is bullish structural confirmation in the daily and weekly charts of mid-tier PSU banks that are attracting strong investor attention.Mid-tier PSU banking stocks have been witnessing strong accumulation and base formation near the support zone within a broader consolidation pattern, according to brokerage firm Nuvama...

Around 1.06 crore shares of Adani Ports & Special Economic Zone changed hands in a large deal on the exchanges on May 24. The deal, involving a 0.5 percent stake in the port operator, was worth a total of Rs 1,480 crore.The transaction was executed at an average price of Rs 1,386 per share, a nearly 4 percent discount from the stock's previous close.However, CNBC-TV18 reported, citing sources, tha...