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Based on the OI percentage, 114 stocks were on the short-covering list. This included National Aluminium Company, Coromandel International, RBL Bank, Alkem Laboratories, and Tata Communications. ....
BSE's Sensex jumped 241.86 points, or 0.34 per cent, to settle at 71,106.96. NSE's Nifty50 gained 76.25 points, or 0.36 per cent, to end the day at 21,331.30 for the day. ....
The domestic benchmarks mirrored the upbeat trend in US and Asian markets following the Fed s dovish stance and hit new highs in the morning trade ....
Movers: Adani Group, Eicher Motor, Jindal Stainless, Maruti Suzuki, Newgen Software, SAIL, Satin Creditcare 123jump.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 123jump.com Daily Mail and Mail on Sunday newspapers.
India s market cap has reached an impressive $4 trillion, reflecting a market cap to GDP ratio of 1.2, indicating stretched valuations. Despite this, short-term market movements are expected to outpace fundamentals. The recent surge to record highs has been propelled by Foreign Institutional Investors (FIIs) turning buyers for five consecutive days while Domestic Institutional Investors (DIIs) continuing their buying. Positive exit poll results further fuelled this upward momentum, creating a distinctly bullish market sentiment. ....