Stock markets' record run continues, Sensex climbs over 300 points, Nifty above 24300
July 04, 2024 11:01 ISTIn the early trade, the 30-share BSE Sensex climbed over 300 points to 80,343. Meanwhile, the Nifty was also up by 97 points to 24,383.
In the early trade, the 30-share BSE Sensex climbed over 300 points to 80,343. Meanwhile, the Nifty was also up by 97 points to 24,383.
The BSE Sensex breached the 80,000-mark for the first time on Wednesday, reaching an all-time high of 80,074 before closing at 79,987, up by 545 points. The NSE Nifty50 also hit a new peak of 24,307, settling 163 points higher at 24,287.
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers. Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.
In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236.
The Hindenburg Research report had accused the Adani Group of fraudulent transactions and share-price manipulation.
The Sensex surged by 443 points, closing at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to 24,141.95, both reaching fresh lifetime highs on Monday. Key contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, and Infosys.
The Rs 2000 banknotes were introduced in November 2016, following the demonetisation of the then-prevailing Rs 1000 and Rs 500 banknotes.
In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The reduction in the price of commercial LPG gas is a welcome relief amidst the current rise in fuel costs. This adjustment aims to alleviate financial burdens on consumers who rely on LPG for various purposes. Scroll down to see the updated price.
The current official estimate of GDP growth in 2023-24 is 8.2 per cent, accelerating from 7 per cent in the preceding year. Earlier this month, the Reserve Bank of India pegged the GDP growth rate for FY25 at 7.2 per cent.
Apart from home loans, credit cards, non-food bank credit, industries and agricultural activity loans saw a year-on-year growth in May 2024. However, the personal loan segment growth has moderated.
The apex bank said gold reserves increased by USD 988 million to USD 56.956 billion during the week. The Special Drawing Rights were down by USD 57 million to USD 18.049 billion.
Despite the overall positive trend, 11 of the 30 Sensex shares traded down, with notable losers including UltraTech Cements, Adani Ports, IndusInd Bank, Maruti, and Axis Bank. The market remains robust, but elevated valuations and a weak broader market trend suggest caution.
President Murmu expressed confidence in her government's decade-long track record, reinforced by a third consecutive term mandate. Her speech outlines ambitious economic and social policies, setting the agenda for future parliamentary sessions focused on advancing national development goals.
Benchmark indices experienced a downturn in early trade on Thursday due to weak trends in Asian markets and foreign fund outflows. The BSE Sensex declined by 149.41 points after hitting a new all-time high, while the Nifty dipped by 47.45 points.
Yes Bank is reportedly aiming to reduce expenses by focusing on digital banking and minimizing manual processes. The ongoing restructuring initiative is also expected to contribute to lowering the bank's operational costs.
The 30-share BSE Sensex climbed 620.73 points or 0.80 per cent to settle at a new closing peak of 78,674.25. Meanwhile, The Nifty went up by 147.50 points or 0.62 per cent to settle at a record closing peak of 23,868.80.
As July approaches, prepare for significant financial changes impacting credit cards, Paytm wallets, and income tax filings. Key updates include Paytm closing inactive wallets on July 20, 2024, SBI Card ending reward points on government transactions, and ICICI Bank adjusting credit card fees.
The Sensex reached a new all-time high in early trade on Wednesday, climbing 134.64 points to 78,188.16, while the Nifty rose 28.2 points to 23,749.50. However, both indices later faced volatility and traded flat amid profit-taking.
The Indian stock market showed signs of recovery on Tuesday as the Sensex surged by 237.05 points to reach 77,578.13, while the Nifty also rose by 65.8 points, reaching 23,603.65 during early trade.
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