Stock Market Today: Nifty Bank Closes Near Record High; Sensex Rallies Over 1,500 Points
The Nifty 50 and Sensex posted the best weekly gains since Feb 1, 2021.
KEY HIGHLIGHTS
Stock Market Today: Nifty, Sensex Extend Gains To Fourth Consecutive Sessions
The NSE Nifty 50 and BSE Sensex rose for fourth session in a row
The Nifty 50 and Sensex recorded the best weekly gains since Feb 1, 2021.
The NSE Nifty Bank ended just shy of record high. It ended 2.21% higher at 54,290.20
The NSE Nifty Financial Services ended at the record closing high. It ended 2.27% higher at 26,071.60. It's the top performing sector in Thursday's session
The NSE Nifty IT sector rose the least to become the worst performer. It ended 0.23% higher at 33,372.35.
The NSE Nifty Midcap 150 ended 0.58% higher at 19,433.45.
The NSE Nifty Smallcap 250 ended 0.45% higher at 15,452.10
Rupee Closes Stronger Against Dollar
Rupee strengthened by 31 paise to close at 85.38 against the US dollar. It closed at 85.69 on Wednesday, according to data on Bloomberg.
Stock Market Live Update: Route Mobile Board Approves Appointment Of Chairman
Route Mobile Ltd. board approves appointment of Mark James Reid as Chairman, according to the exchange filing.
Stock Market Live Update: Eicher Motors' Royal Enfield Launches Classic 350 Motorcycle In Nepal
Eicher Motors' Royal Enfield has launched the Classic 350 motorcycle in Nepal, expanding its presence in the country. This move is likely aimed at tapping into the growing demand for premium motorcycles in Nepal.
Stock Market Today: PFC Incorporates New Subsidiary
PFC Ltd. has incorporated three new step-down subsidiaries, expanding its corporate structure. This move is likely aimed at furthering the company's business objectives and growth initiatives.
Stock Market Live Update: Fitch Ratings Lowers India's Growth Forecast
On Thursday, Fitch Ratings revised India's GDP growth estimate down by 10 basis points to 6.4% for the current fiscal year, citing concerns over a "severe" escalation in the global trade war. However, the projections for the next financial year remain unchanged.
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