Sensex, Nifty at day’s high; all sectors in the green

On August 21, the market regulator published an order. The benchmark Nifty and Sensex stock market indices increased on Monday due to inflows of foreign funds and a surge in their US counterparts. After US Fed Chair Jerome Powell's recent speech at the Jackson Hole meeting, when he indicated that the time has come for an easing of policy and hinted at prospective rate cuts in September, the market traded on an optimistic note. In the Nifty 50, gains were registered in twelve of the thirteen key sectors. There was a 1.3% gain in information technology companies, which get a significant amount of their revenue from the US.

Here are top the factors behind today’s rally

November 22, 2024 9:21 am

Indian benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday.

At 2 PM, the BSE Sensex was at 78,657, up 1,501 points, or 1.95 per cent, while the Nifty 50 was at 23,793, up 443 points, or 1.9 per cent.

After opening bell, 20 out of the 30 stocks on the BSE Sensex were trading higher, with gains of up to 1.17 per cent, led by SBI, followed by ICICI Bank, Tata Motors, IndusInd Bank, and Tech Mahindra. Among the top drags were Adani Ports & SEZ (down 3.28 per cent), followed by TCS, ITC, Titan, and Nestle India.

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5 key factors driven the market down

November 21, 2024 10:11 am

A day after snapping their multi-day losing streak, Indian stock market benchmarks- the Sensex and the Nifty 50- resumed their downward march on Thursday, November 21, amid weak global cues.

The domestic market witnessed a broad selloff as mid and small-cap segments also suffered losses.

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