MUMBAI: India's stock benchmarks staged the sharpest intraday recovery in six months on Friday, supported by foreign investors snapping up large-cap stocks. With bulls in pole position, analysts expect the Nifty to trend up early next week to cross the 25,000-mark, where it is expected to face stiff resistance.
The last time Nifty and Sensex swung through a larger range was on June 5, a day after the Lok Sabha election results showed a third term for the National Democratic Alliance (NDA) government.
The Nifty closed up 0.9% at 24,768.30 while the Sensex closed up 1.04% at 82,133.12, as foreign institutional investors (FIIs) net purchased shares worth a provisional ₹2,335.32 crore, even as DIIs net sold a provisional ₹732.2 crore worth of shares. Analysts anticipate a sharper rally on Monday as both indices closed near the day's highs.
Before the recovery, however, the Nifty gyrated 611.50 points or 2.5% between the day's low of 24,180.80 and the high of 24,792.30. This was the sharpest swing since June 5 when the bellwether swung 878 points or 4%. From a low of 21,884.5 on June 4, the Nifty rose 20% to hit a life-high of 26,277.35 on September 27.
Denne historien er fra December 14, 2024-utgaven av Hindustan Times Haryana.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 14, 2024-utgaven av Hindustan Times Haryana.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ONOP will test govt's ability to muster up two-thirds majority
NEW DELHI: The NDA government's ambitious plan for simultaneous national and state polls could be a test of its ability to muster the requisite numbers as it doesn't have a two-thirds majority needed to push through a Constitution amendment under Article 368 in the Lok Sabha.
BJP govts to soon bring UCC in every state: Shah
NEW DELHI: The Uniform Civil Code (UCC) implemented by Uttarakhand is a model law that will be debated widely and then the Bharatiya Janata Party (BJP) governments will bring a common civil code in all states,
ONOP will test govt's ability to muster up two-thirds majority
NEW DELHI: The Union government on Tuesday introduced in the Lok Sabha two bills aimed at ushering in simultaneous state and national elections amid loud protests by the Opposition - taking the first step towards implementing sweeping changes in the way polls are conducted in the world's largest democracy.
'One election' bill tabled in LS, to be sent to JPC
NEW DELHI: The Constitution (One Hundred and Twenty-Ninth Amendment) Bill, 2024, and the Union Territories Laws (Amendment) Bill, 2024, was formally introduced in the Lok Sabha after a division of votes.
Shah slams Cong in Constitution debate
Asserting that India's democracy is deep-rooted, Union home minister Amit Shah said on Tuesday that the people of the country through the Constitution have given an appropriate response to those who used to say that India will not become powerful economically.
How the challenge of batting in Oz changed
KOOKABURRA RELEASED A REDESIGNED BALL FOR TESTS IN 2021 THAT WAS SUPPOSED TO MAKE THE GAME MORE EXCITING, BUT IT HAS ONLY MADE BATTING MORE DIFFICULT
Grit in the tail frustrates the hosts, India avoid follow-on
Like in 2021, there was defiance in the damp air of Gabba as Deep and Bumrah steer India towards a likely draw on Day 4
Jhulan Goswami stand: Another historic moment at Eden Gardens
KOLKATA: At 6.58pm on a misty winter evening near the Eden Gardens change rooms, Jhulan Goswami took the stage. And said she was speechless.
PRITHVI SHAW NOW AXED FROM MUMBAI VIJAY HAZARE SQUAD
MUMBAI: In a forgettable season, Prithvi Shaw received another jolt when the Mumbai selectors ignored his superb record in List A cricket by dropping him from the squad for the upcoming 50-over Vijay Hazare Trophy tournament.
DDCA head Jaitley calls it mandate for hard work
Newly elected president of Delhi and District Cricket Association (DDCA) Rohan Jaitley on Tuesday promised to build a new cricket stadium in the capital and address the selection controversies surrounding the senior and age-group teams.
