Page 13 - Prashanth Tapse News Today

The rally in frontline indices in the last few sessions suggest that markets have now recovered from the recent correction triggered by market regulator Sebi’s caution on the ‘froth’ in small and mid-cap stocks.

Benchmark indices hold gains of early trade. All sectoral indices were in the positive territory with Nifty Realty, Nifty Media, and Nifty Metal seeing the most gains.

From the Sensex basket, JSW Steel, Tata Steel, UltraTech Cement, NTPC, Larsen & Toubro and HDFC Bank were the major gainers.

While intra-day volatility will likely continue in the near term, the focus will slowly shift to fourth quarter corporate earnings, experts say

India Business News: Stock market rally: Investors saw a substantial wealth increase of Rs 10.58 lakh crore in a 3-day market rally, with BSE Sensex hitting an all-time hi

Investors wealth soared by Rs 10.58 lakh crore in three days of the market rally, where the BSE benchmark jumped over 2 per cent, and hit an all-time high on Monday. Extending its winning momentum to the third day running, the 30-share BSE Sensex jumped 363.20 points or 0.49 per cent to settle at 74,014.55. During the day, it zoomed 603.27 points or 0.81 per cent to hit its record high of 74,254.62.

From the Sensex basket, Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Power Grid and Infosys were the major gainers. HCL Technologies, Maruti, Tech Mahindra and Asian Paints were among the laggards.

The 30-share BSE Sensex climbed 342.48 points to 73,338.79 in early trade. The NSE Nifty went up by 96.25 points to 22,219.90.

In the T+0 settlement system trades in shares are settled on the same day. This means shares will quickly transferred to the buyer's account while funds are swiftly deposited in the seller's account.

Get latest articles and stories on India at LatestLY. Benchmark equity indices climbed in early trade on Thursday, extending their previous day's rally, on foreign fund inflows and positive trend in the US markets. India News | Market Extend Winning Momentum for 2nd Day Running on Foreign Fund Inflows, Rally in US Equities.