Strong global cues lift domestic mkts
Business Standard|March 29, 2024
Nifty, Sensex rise 0.9% each, up 2.3% in last six sessions
ABHISHEK KUMAR
Strong global cues lift domestic mkts

Taking cues from an overnight rally in the US market, the domestic benchmark indices posted strong gains for a second day in a row on Thursday. In intraday trade, the S&P BSE Sensex rose nearly 1,200 points, or 1.63 per cent, to reclaim the 74,000 mark after two years. However, the index gave up some gains as investors took profits off the table on the last trading day of 2023-24.

The expiry of derivatives contracts also added to the volatility. The Sensex ended the session at 73,651, with a gain of 655 points, or 0.9 per cent, while the National Stock Exchange Nifty 50 rose 203 points, or 0.9 per cent, to end the session at 22,327.

The key indices are now less than a percentage away from their all-time highs after adding 2.3 per cent in the past six trading sessions, during which they ended with losses only once.

هذه القصة مأخوذة من طبعة March 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 29, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS STANDARD مشاهدة الكل
Business Standard

Indians prefer credit over debit card for high-value payments

In June 2024, India saw a significant increase in the number of credit, debit, and prepaid cards, reaching a total of 1.451 billion cards—an 11 per cent jump from the previous year, according to the India Digital Payments report for the first half of 2024 (January to June) by payment technology service provider Worldline.

time-read
1 min  |
October 12, 2024
Business Standard

An Indian anthropologist ahead of her time

Urmilla Deshpande set out to work on a novel about an Indian woman in Germany in the 1920s based on her grandmother Irawati Karve when she stumbled on the opportunity to write her biography.

time-read
3 mins  |
October 12, 2024
IAF plane makes inaugural landing at upcoming Navi Mumbai airport
Business Standard

IAF plane makes inaugural landing at upcoming Navi Mumbai airport

An Airbus C-295 of the Indian Air Force (IAF) touched down at Navi Mumbai International Airport (NMIAL) on Friday, marking the formal inaugural flight landing at the place. A Sukhoi SU-30 fighter jet did a low fly-by at the airport to test the 3.7-km long runway in the presence of Maharashtra Chief Minister Eknath Shinde, his deputy Devendra Fadnavis and Murlidhar Mohol, Minister of State for Civil Aviation and Co-operation.

time-read
1 min  |
October 12, 2024
Less than 33% of youth can search Net, transact online
Business Standard

Less than 33% of youth can search Net, transact online

Less than a third of those in the 15-29 age group can \"search the internet; send or receive an email and perform an online transaction\", show the findings from the latest Comprehensive Annual Modular Survey (CAMS), released by National Statistical Office (NSO) this week.

time-read
1 min  |
October 12, 2024
TCS shares dip as analysts offer mixed outlook
Business Standard

TCS shares dip as analysts offer mixed outlook

IT sector is expected to grow considerably from Q4 FY25 onwards

time-read
3 mins  |
October 12, 2024
Business Standard

NSE retains Nifty 50 for weekly contracts

The National Stock Exchange (NSE) has opted for the Nifty 50 index for issuing weekly option contracts following the Securities Exchange Board of India (Sebi's) one-exchange-one-benchmark mandate.

time-read
1 min  |
October 12, 2024
Business Standard

Compare lenders' costs; higher rates can offset benefits of offers

Footfall, enquiries, and bookings at car dealerships are rising, driven by attractive offers and promotions. These special deals typically start in October and run until the New Year.

time-read
2 mins  |
October 12, 2024
Business Standard

Noel's appointment as Tata Trusts' chair signals continuity: Analysts

It will be business as usual for Tata group stocks post Noel Naval Tata's appointment as chair of Tata Trusts, said analysts. They added that the development will signal continuity.

time-read
2 mins  |
October 12, 2024
Business Standard

Sebi intervenes in ₹45cr Trafiksol IPO irregularity

To undertake detailed examination into disclosures by the firm

time-read
2 mins  |
October 12, 2024
Business Standard

India-focused funds log first weekly redemption in 19 mths

China resurgence, expensive valuation dim India appeal; midcap funds see 14th week of outflows

time-read
2 mins  |
October 12, 2024