NSE Nifty 50, Bank Nifty and BSE Sensex surged on Friday surpassing crucial levels under watch. NSE Nifty 50 rose 215.05 pts or 1.24% today to 17,536.95; BSE Sensex climbed 803.43 pts or 1.36% to 59,712.78; and Bank Nifty skyrocketed 841.75 pts or 2.08% to 41,231.55. Analysts attribute today’s rise to Adani-GQG’s $1.87 billion deal. “The US-based investment firm GQG partners investing Rs 15,...

The Nifty IT index has risen over 6% year to date compared to a 14% surge in tech-heavy Nasdaq. In 2022, the Covid-19 pandemic accelerated the shift towards remote work and digitisation, leading to an increase in demand for IT products and services, taking the Nifty IT index above 36,800. But as questions arose over the valuation of IT stocks, the index fell below 26,200 in the later half of 2022....

Adani Enterprises and Adani Ports & SEZ dragged the NSE Nifty 50 index down by 0.25% on Wednesday even as the BSE Sensex closed 150 points higher from the previous day. Since the 30 stocks that comprise BSE that do not include the Adani Group firms, despite the excessive turbulence and heightened volatility in the domestic equity markets as a result of the Union Budget 2023, the Sensex successfull...

After the Economic Survey 2023, markets are now eyeing Union Budget 2023 which is set to be presented on Wednesday, 1 February. Finance Minister Nirmala Sitharaman’s announcements, along with the US Fed’s interest rate hike decision, will dictate how domestic equities react tomorrow. Any favourable announcement that can boost economic growth, private investment, or consumption is likely to be ...

The choppy movement continued in the market on Wednesday and the NSE Nifty 50 closed the day lower by 31 points amidst narrow range movement. After opening with a negative note, the market shifted into a sustainable upside recovery in the early-mid part of the session. It later moved into a range for the rest of the session. A long bull candle was formed on the daily chart after opening lower. T...