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The benchmark index, Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has soared 30% in FY24, ending 9 out of the last 11 months in the green. ....
The Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has notched up several record highs this month, posting a nearly 2% gain. The mid- and small-cap stocks, on the other hand, have continued their winning momentum in CY24. ....
Nifty 50 closes flat after hitting a new high at 22,297 points. The short-term outlook remains positive with resistance at 22,400. 10 out of the 50 constituents of the index achieved new record highs. In terms of sector-specific performance, Nifty Media jumped by 1.36%. ....
Nifty 50 reaches new record high amidst bullish sentiment. Optimism remains despite widening valuation gap. Market volatility expected globally due to national elections. Kotak Mahindra Bank, HDFC Bank, and HUL struggle post weak Q3 results. ....
Domestic brokerage firm Kotak Institutional Equities suggests that there are no immediate negative factors that could prompt a significant correction in the market. However, it highlights overvaluation in the majority of sectors and stocks, with the market willing to overpay for weak business models ....