Nifty extends winning streak to 13 sessions
Business Standard|September 03, 2024
Benchmarks sprint to new closing records amid rate-cut speculation
SUNDAR SETHURAMAN
Nifty extends winning streak to 13 sessions

The record-breaking gaining streak in the domestic markets extended to a 13th day on Monday, with growing optimism about rate cuts in the US keeping sentiment buoyant. The benchmark National Stock Exchange Nifty 50 has risen nearly 5 per cent in the past 13 trading sessions between August 13 and September 2. The index had never gained for more than 11 sessions earlier.

After hitting a high of 25,334, the 50-share blue-chip index closed at 25,279, marking a gain of 43 points, or 0.2 per cent. The S&P BSE Sensex ended the session at 82,560, up 194 points, or 0.2 per cent. Both indices reached new highs both on an intraday and closing basis, with consumer and software stocks leading the charge. BSE-listed firms' combined market capitalisation rose by ₹45,000 crore, reaching ₹464.9 trillion.

هذه القصة مأخوذة من طبعة September 03, 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 September 03, 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.

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