MUMBAI: Boosted by strong buying in banking stocks, the sensex in late trading on Wednesday scaled the 74,000 peak for the first time and closed at 74,086 points — up 409 points. On the NSE, Nifty, too, rallied to a new life high at 22,497 points and closed at 22,474, up 118 points. Among the … Read more
NEW DELHI: Banking stocks Nifty closed at all time high level by gaining 180.1 points to 22,235.15 on Thursday, while Sensex increased by 535.15 points to close at 73,158.24.Both Indian indices opened marginally higher, showing signs of recovery after breaking a six-session winning trend but the two indexes were down about 0.8% earlier in the … Read more
Stock market today: BSE Sensex plunged as much as 1100 points in opening trade on Wednesday. The broader 50 share index, Nifty50, was also down almost 400 points in early morning trade. The stock market blood bath was led by banking stocks which were majorly in red. HDFC Bank tanked as much as 6% post … Read more
Over the past few years, the banking industry has enjoyed a favourable market sentiment, as evidenced by Bank Nifty’s impressive two-year total returns from CY22 to CY23, registering a growth of 35.8%. This growth surpassed the 24% increase seen in the Nifty50 during the same period. Fortunately, this positive sentiment towards banks is not merely … Read more
Do you think Nifty will peak out at around 21,000-22,000-level? Hold on! The most bullish target for the new year 2024 goes as high as 25,000 while bears see the market crashing up to 20%. Domestic broking firm ICICIdirect has set Nifty target for December 2024 at 25,000 by valuing the index at 20x PE … Read more
Mumbai: Banking stocks were among the top gainers in Thursday’s session, after the US Fed’s dovish commentary spiked a rally in the broader markets. The BSE Bankex gained 1.26% or 668.88 points. Analysts attributed the rally in banking stocks to the underperformance in the sector compared to the benchmark and strong foreign inflows. Bank stocks … Read more