Markets give a thumbs up to Economic Survey! Sensex soars to intra-day highs, Nifty inches towards 23,500

Indian stock markets started Friday’s session on a firm footing. The NSE Nifty 50 climbed 47.25 points or 0.2%, opening at 23,296.75, while the BSE Sensex gained 105.39 points 0.14%, beginning the day at 76,865.20.

As of 2:25 PM today, the Sensex was trading at 77,267.19, up by more than 550 points, or 0.66%. Meanwhile, the Nifty was trading at 23,435.45, gaining 185 points, or 0.80%. The markets were in full throttle post the presentation of the Economic Survey.

Apart from that, the domestic currency slipped to an all-time low of 86.65 against the US dollar.

In the pre-open session on Friday, the Sensex was at 77,073.03, up by 313.22 points or 0.41%, while the Nifty traded at 23,286.45, gaining 36.95 points or 0.16%.

Bank Nifty opened 136.15 points or 0.28% lower to trade at 49,175.80. The Nifty Midcap 100 gained 357.80 points, or 0.68%, to open at 53,072.05.

“Nifty had a volatile outing yesterday as a slump post noon saw a recovery in the final hour of trading. The index finished up for the third straight day and in doing so, now has its sights set on a resistance area that falls between 23387 – 23433, which also includes the bearish engulfing candle’s high from January 21st,” said Akshay Chinchalkar, Head of Research, Axis Securities.

Also ReadHow will markets open today? Here are 7 cues to watch at this hour-

The GIFT Nifty indicated a subdued opening for Indian equity indices on Friday, trading 25 points or 0.11% higher at 23,450. This suggests a cautious start for the NSE Nifty 50 and BSE Sensex.

In the previous session on Thursday, the markets ended on a positive note. The Nifty 50 gained 86.40 points or 0.37% to close at 23,249.50, while the Sensex advanced 226.85 points or 0.30%, settling at 76,759.81.

Top gainers and losers

As of early trading, the top gainers from the Sensex pack include L&T (4.51%), Titan (2.27%), Infosys (1.51%), Maruti (1.50%), M&M (0.97%), and Tech Mahindra (0.93%). On the downside, the major losers are Bharti Airtel, NTPC, Bajaj Finance, Axis Bank, and ICICI Bank.

The top 5 gainers in the early trading hours from the Nifty 50 pack include BEL,

 » Read More

Related Articles

Can homes in Mumbai be made affordable? Dr Hiranandani highlights key issues

Despite the government’s focus on affordable housing and the launch of ambitious schemes like PMAY, homes still remain unaffordable for many in India, especially in major cities. So, the question is: what makes housing unaffordable and what can be done to help make cities more livable and sustainable for everyone? In a past video posted

Tuhin Kanta Pandey assumes charge as SEBI chairman

Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended

What is driving the surge in plotted developments in India?

Plotted developments are reshaping Indian real estate, offering homebuyers customizable land parcels within gated communities equipped with premium amenities. As demand rises, larger plots are gaining popularity, providing greater flexibility, a stronger connection to nature, and a perfect balance between urban convenience and suburban tranquility. A JLL study shows that real estate developers purchased approximately

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Can homes in Mumbai be made affordable? Dr Hiranandani highlights key issues

Despite the government’s focus on affordable housing and the launch of ambitious schemes like PMAY, homes still remain unaffordable for many in India, especially in major cities. So, the question is: what makes housing unaffordable and what can be done to help make cities more livable and sustainable for everyone? In a past video posted

Tuhin Kanta Pandey assumes charge as SEBI chairman

Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended

What is driving the surge in plotted developments in India?

Plotted developments are reshaping Indian real estate, offering homebuyers customizable land parcels within gated communities equipped with premium amenities. As demand rises, larger plots are gaining popularity, providing greater flexibility, a stronger connection to nature, and a perfect balance between urban convenience and suburban tranquility. A JLL study shows that real estate developers purchased approximately

7 common insurance mistakes you must avoid for financial security

Insurance is an essential aspect of financial planning, acting as a safety net that helps you handle unexpected situations without depleting your savings. It’s a contract where an insurer compensates you for covered losses, protecting your finances when life throws the unexpected. Different types of insurance cater to varied needs, from life insurance to health

5 Top Performing Equity Mutual Funds Amid the Market Correction

The Indian equity market peaked in late September 2024 with numerous stocks across the large-cap, mid-cap, and small-cap segments touching their lifetime highs. However, since then the mood in the market has been sombre as headwinds such as rich valuations, earnings slowdown, global trade uncertainties, etc. weighed on investor sentiments. The BSE Sensex has tumbled