Sensex, Nifty Rises For Fifth Day In A Row Led By IT, Banking Shares
- The Sensex ended 0.71 per cent or 269 points higher at 38,024.32 and the Nifty 50 index surged 0.74 per cent or 84 points to shut shop at 11,427.
- Foreign institutional investors continue to buy shares in the Indian equity markets. In yesterday's session foreign portfolio investors bought shares worth Rs 1,482.99 crore according to the National Stock Exchange.
- So far this month foreign portfolio investors have purchased Indian shares worth Rs 15,970 crore, according to data compiled by NSDL.
- Fifteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Utilities Index's nearly 2 per cent gain. Information technology, banking, power and finance indexes also rose between 2 and 1.5 per cent each.
- On the NSE, the Nifty Bank Index surged to an all-time high level of 29,520.70 in intraday deals today.
- On the flipside, S&P BSE FMCG, Energy, Basic Materials and Telecom indexes ended lower with the gauge of fast moving consumer goods ending as the top sectoral loser, down nearly 2 per cent.
- The mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap Index rose 0.55 per cent while the S&P BSE SmallCap Index fell 0.34 per cent.
- For the week ended today, Sensex rose 3.69 per cent and the NSE Nifty 50 Index jumped 3.55 per cent.
- From the Nifty 50 basket of shares, Kotak Mahindra Bank was the top gainer, the stock rose over 4.5 per cent to close at Rs 1,328. Kotak Indian Oil, Hindustan Petroleum, Power Grid, Wipro, HCL Technologies and TCS were also among the gainers.
- On the other hand, Hindustan Unilever was the top loser in Nifty 50 basket of shares, the stock fell 2.09 per cent to Rs 1,701. Yes Bank, Reliance Industries, Bharti Airtel, ITC and UltraTech Cement also closed lower.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
