Page 5 - Devarsh Vakil News Today

Indian benchmark indices continued the winning run for the fifth consecutive session on July 19, amid buying across sectors, said Vikram Kasat, Head Advisory, Prabhudas Lilladher.At close, the Sensex was up 302.30 points, or 0.45 per cent, at ...

Analysts cited two reasons for the rise in the market capitalisation of state-owned banks without a corresponding increase in their share prices.

“Asian Development Bank retained forecasts for Indias economic growth at 6.4% for FY24 and 6.7% for FY25, citing robust domestic demand that would continue to support the regions recovery. Nse Cash market volumes were lower as compared to recent averages," says Devarsh Vakil of HDFC Securities

Sector-wise, the BSE Information Technology index surged the most (4.9 per cent) during the week gone by. While BSE Metal and BSE Realty indices have registered a weekly gain of 3.3 per cent, and 1.7 per cent, respectively. On the other hand, the BSE Power index has registered a weekly decline of 1.9 per cent.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Get latest articles and stories on India at LatestLY. Benchmark BSE Sensex closed above the historic 66,000 mark for the first time while NSE Nifty hit a new all-time closing high on Friday driven by heavy buying in IT counters and fresh foreign fund inflows. India News | Sensex Closes Above 66,000-mark for 1st Time, Nifty Settles at New Record High on FII Inflows.

Benchmark BSE Sensex closed above the historic 66,000 mark for the first time while NSE Nifty hit a new all-time closing high on Friday driven by heavy buying in IT counters and fresh foreign fund inflows.

The US inflation rate for June came in lower than expected at 3%, the smallest year-over-year increase in two years. Meanwhile, retail inflation in India for June rose to 4.81%, after easing for four months in a row, as food prices surged, according to official data released post-market hours on Wednesday.

Infosys Ltd, Tech Mahindra Ltd, Wipro Ltd, Indusind Bank, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv and RIL are among blue-chip stocks yet to hit their all-time high levels.