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Market outlook: Macro data, RBI policy to influence indices this week PTI Global trends and the pace of vaccination would also guide the local equities, they added. “In the week ahead, the key event in the domestic market will be the announcement of RBI’s monetary policy decision. To give a view on economic recovery, the market awaits the release of manufacturing and service PMI data,” said Vinod Nair, Head of Research at Geojit Financial Services. Among major earnings announcements, HDFC, PNB, Adani Ports and Special Economic Zone, Bank Of India, Bharti Airtel, State Bank...

595 Mumbai, August 4 Equity benchmark Sensex rallied 546 points to finish above the 54,000-mark for the first time on Wednesday, tracking strong gains in financial stocks amid positive cues from global markets. After scaling its lifetime peak of 54,465.91 during the session, the 30-share index ended 546.41 points or 1.02 per cent higher at a record 54,369.77.  Similarly, the broader NSE Nifty surged 128.05 points or 0.79 per cent to its all-time peak of 16,246.85. It touched a lifetime intra-day high of 16,290.20. HDFC was the top gainer in the Sensex pack, surging around 5 per cent, followe...

Investors are also cheering the government’s efforts to revive growth in the domestic textile industry. To provide a level playing field to exporters and make products globally competitive, the government recently extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme on exports of garments and made-ups till March 31, 2024. Some companies told analysts recently that they have been operating at a higher capacity. Capacity utilisation is expected to sustain at healthy levels in FY22, and yarn realisation would remain strong on account of the ban on Chinese cotton by the US,...

Sensex jumps over 150 points to fresh high; Nifty crosses 15,900 PTI Mumbai | Updated on × Sharp fall in daily caseload, ramp-up in vaccination overshadow worries related to higher crude prices, weakening rupee Equity benchmarks Sensex and Nifty scaled fresh intra-day records in opening trade on Monday, tracking gains in heavyweights Reliance Industries, ICICI Bank and HDFC. After touching a lifetime high of 53,126.73, the 30-share BSE index was trading 142.85 points or 0.27 per cent higher at 53,067.89 in initial deals. Similarly, the broader NSE Nifty was trading 42.25 points or 0.27 per ...

URL copied Image Source : PTI Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said. Macroeconomic data, the pace of vaccination and global trends would be the major drivers for the domestic equity markets this week, analysts said. Besides, the progress of monsoon will also be monitored. "This week marks the beginning of the new month also, so participants will be eyeing the high-frequency indicators like auto sales and manufacturing PMI during the week. Besides, the ...