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Profit booking at higher levels took center stage as the Indian stock market benchmarks—the Sensex and the Nifty 50—ended their four-day winning streak with losses on Friday, June 28.
Despite hitting fresh all-time highs during the session, both benchmarks succumbed to profit booking as investors took…
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The market’s strong rebound from its lows on election result day has led to a record-breaking 2,425 advancing stocks in June, the highest number ever seen in a single calendar month. This occurred against the backdrop of the S&P BSE Sensex and the National Stock Exchange Nifty rallying nearly 7 per cent each last month, with the Nifty Midcap 100 rising by 7.8 per cent and the Nifty Smallcap 100 by 9.7 per cent. The previous record for the highest number of advancing stocks was 2,407 in…
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Updated Jun 30, 2024 | 05:08 PM ISTCDSL share price target: Central Depository Services (India) (CDSL) shares have surged by 20% on June 28 to reach a 52-week high of Rs 2,407.40 per share. The company’s board meeting on June 02, 2024, is expected to consider bonus shares. CDSL stock surge 20% on June 28. CDSL share price target: Shares of Central Depository Services (India) (CDSL) zoomed 20% on Friday, June 28, to hit fresh 52-week high at Rs 2,407.40 per share. The sharp uptick in stocks…
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Next week, Wall Street will see several key economic data such as the Federal Reserve minutes, employment numbers, S&P final US manufacturing PMI, and trade deficit data.
Job openings data for May and nonfarm payrolls report for June are likely to be the major focus of the stock market…
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Rishabh Instruments, TD Power Systems, PFC: Analyst Vikas Sethi picks 3 stocks for short-term | Know targets, stop losses
COMMERCIAL BREAKSCROLL TO CONTINUE READINGThe Indian stock indexes performed admirably during the June quarter of fiscal 2024-25. During the April-June quarter, the Indian stock market capitalisation climbed by 13.8 per cent, the most among the top 10 stock markets.
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Indian stock market on June 28
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India’s former opening batsman Virender Sehwag, reflecting on India’s recent T20 World Cup victory, likened it to a breakout in the stock market. Just as stocks experience a surge after years of consolidation within a range, Sehwag feels that India’s win signifies a significant breakthrough after years of coming close but not clinching ICC trophies. For years, India played consistently well but struggled to cross the finish line in ICC events. Sehwag believes the recent T20 World Cup triumph…
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Union Budget 2024: The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty reached 24,100 points, hitting a new record high of 24,174 points on Friday, June…
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The Nifty index concluded the trading week at 24,000, demonstrating consolidation near the critical 24,000 level, which has been a focal point in recent analyses. Throughout the week, the index fluctuated within a range, reaching a high of approximately 24,200.
This consolidation suggests a pause in the…
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Indian benchmark indexes fell in a turbulent session on June 28. The Sensex closed down 210.45 points, or 0.27 per cent, at 79,032.73, while the Nifty fell 33.90 points, or 0.14 per cent, to 24,010.60.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGMeanwhile, Axis Direct has chosen power stock Inox Wind Ltd (IWL) from a long-term perspective,
Why brokerage Axis Direct is bullish on this stock
The government plans to add about 75 GW of wind energy capacity from the current base of 46 GW by FY…
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Stock Market Trends: Analysts said that market sentiments this week will be influenced by domestic macroeconomic data announcements, global trends and foreign investor trading activity.Following a record rally, markets might experience volatility due to elevated valuations. Investors will also monitor the global oil benchmark Brent crude and the rupee-dollar exchange rate for additional cues.“Potential volatility in the stock market is anticipated this week. Elevated valuations remain a…
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