Indian benchmark indices Sensex and Nifty posted marginal weekly losses after geopolitical tensions in West Asia weighed on markets, although banking and IT stocks helped drive a strong recovery on Friday.
Mumbai: Indian benchmark equity indices extended their winning streak for a fourth consecutive week, supported by a sustained decline in crude oil prices, improving global market sentiment and expectations of a more accommodative interest-rate environment. The Nifty 50 gained 0.89 per cent during the week and closed 0.39 per cent higher at 24,270 on Friday. The.
Mumbai: The benchmark equity indices extended their gains on Friday, supported by strong buying in IT, realty, pharma and healthcare stocks, even as the broader market delivered a mixed performance. The Nifty advanced 95.15 points, or 0.39 per cent, to trade at 24,270.85, while the Sensex climbed 262.79 points, or 0.34 per cent, to 77,763.91..
Mumbai: The combined market valuation of eight of India’s 10 most-valued companies surged by Rs 1.90 trillion last week, driven by a strong rally in domestic equities. Benchmark indices post solid weekly gains The positive momentum came as benchmark indices posted solid gains during the week. The Sensex climbed 1,284.61 points, or 1.73 per cent,.
New Delhi: India’s Purchasing Managers’ Index (PMI) has shown strong resilience despite the winds of war in West Asia and rising energy input prices, according to an Assocham report on Friday. India’s PMI Stands at 59.3, Highest Among Major Economies The PMI for India in May stands at 59.3, significantly higher than all major top.
Commenting on Nifty technical outlook, experts said that 24,100 now acts as the immediate resistance level, followed by the 24,300–24,350 zone where significant Open Interest (OI) build-up is visible.
Mumbai: India’s benchmark indices Nifty and Sensex are expected to remain range-bound in the near term, with a slight bullish undertone in Nifty but continued caution in the broader market, according to experts on Sunday. The Nifty began the week on a positive note with a modest gap-up and largely moved within a narrow range.
