New series to start on positive note - The Hindu BusinessLine
Lack of fresh triggers will keep market in narrow range
Stay updated with breaking news from Voltamp Transformers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Lack of fresh triggers will keep market in narrow range
Domestic equity benchmarks extended early gains and hit the day's high in morning trade. The Nifty was trading above the 14,800 mark and the Sensex regained the 50,000 mark. Banks, financials, metals and industrials shares were in demand. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 337.47 points or 0.68% to 50,088.88. The Nifty 50 index added 112.65 points or 0.77% to 14,820.45. Global stocks advanced after Fed Chair Jerome Powell indicated that the Federal Open Market Committee (FOMC) was nowhere close to pulling back on its support from the economy as it will still take ...
Read more about Top stocks that are likely to benefit from FM's Budget proposals on Business Standard. According to Phillip Capital increased allocation for capital expenditure will bode well for large banks, namely ICICI Bank, Axis Bank, HDFC Bank and State Bank of India