The Nifty 50 index opened at 24,965.8, slipping by 0.06 per cent. Meanwhile, the BSE Sensex started the day at 81,669.09, registering a modest gain of 0.03 per cent.
The CPSE index tracking these companies has fallen 30% since its peak last year, compared to a 13% fall in benchmark Sensex. Shipping & banking stocks the biggest losers.
The Nifty 50 index opened at 22,433.40, falling 111.65 points (-0.5 percent), while the BSE Sensex started at 74,201.77, down 410.66 points (-0.55 percent).
The Nifty 50 index opened at 22,940.15, falling by 152.05 points or 0.66 per cent, while the BSE Sensex dropped 490.03 points or 0.64 per cent to open at 75,700.43.
Analysis of SIP data shows account closures rising faster than openings for a few months now. Analysts say it's because ‘newbie’ investors have so far only seen booming markets.
The Fed rate cut has improved global sentiment, could trigger a rally because emerging markets like India will become more attractive due to possibility of higher returns.
The Nifty 50 index scaled a fresh high on Wednesday, indicating continuation of an upward trend. An intraday move over 24300 could spark a sharp upside to 24400.
Energy stocks rose 0.5%, led by a 1.2% gain in ONGC after the government cut windfall tax on petroleum crude to Rs 3,250 per metric ton from Rs 5,200, effective 15 June.
Net equity mutual fund inflows in May are the highest on record since April 2019, when AMFI started reporting monthly mutual fund flows in the current format.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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