Markets end higher on November 29; top gainers include Axis Bank, Hero MotoCorp, Mahindra & Mahindra, while Financial Services and Media stocks are among the key losers
时间:2024-06-26 15:33:26 阅读(143)
The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soars 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. Bank Nifty index jumped 685.50 points or 1.56% to settle at 44,566.45.
The broader indices ended in positive territory, with gains led by Smallcap and Largecap stocks. Financial services and Auto stocks outperformed among the other sectoral indices while Realty, Media and Consumer Durables stocks shed.
The Indian Volatility Index (India VIX) closed down by 4.37 %.
“The market saw incredible upward momentum today, Nifty surpassing the 20,000 mark, driven by strong listing gains of ongoing IPOs and dovish statements from US Fed officials, intensifying expectations for early rate cuts. This was demonstrated by the rise in Mid & Small caps and drop in US bond yields and Dollar index. Ease in yield is attracting foreign funds to emerging markets,” said Vinod Nair, Head of Research at Geojit Financial Services.
Nair also said that, Indian IT, automotive, banking, and oil & gas led the overall momentum, while real estate is lagging after hitting a record high. Looking ahead investors will closely monitor the outcome of the forthcoming exit poll, the OPEC+ meeting, and India’s GDP data to assess the short-term trajectory.
上一篇:Aircraft safety in focus- Missing washer identified in Boeing 737 Max during DGCA Inspection
下一篇:Zomato stock tanks over 11% as pre-IPO lock-in period ends
猜你喜欢
- Jefferies sees 31% upside potential on Finolex Cables; Electrical segment drives growth; retains ‘Buy’ rating with target price of Rs 1219
- Apollo Hospitals Rating- buy; Q4 Ebitda was below expectation
- Adani, Anil Agarwal lead India Inc in paying tributes to Jhunjhunwala
- Adani Transmission, Adani Green Energy among 120 BSE stocks to touch 52-week lows, 112 stocks hit 52-week highs
- Amazon’s Twitch to cut 500 Employees, about 35% of staff
- DP World to build container terminal in Gujarat, says chairman Sultan Ahmed bin Sulayem Gandhinagar
- L&T Construction bags significant order for its Buildings & Factories business from HITES
- Akasa Air expansion plans- Report says budget carrier eyeing to acquire 150 Boeing 737 MAX planes – Details inside
- Jefferies reaffirms its strong 'Buy' recommendation for Hero MotoCorp, setting a target of Rs 3,500, fueled by the rise in Q2 EBITDA to a new record high