Sensex hits 54,000 for first time as markets extend gains

Sensex hits 54,000 for first time as markets extend gains

Mumbai: The markets continued to surge for the second consecutive session and gained over a percent with both benchmark index scaling fresh highs on Wednesday. The Sensex hit 54,000 for the first time with the 30-share index ending at 54,369.77, up 546.41 points or 1.02%. The Nifty closed at 16,258.80, up 128.05 points or 0.79%. […]

Rakesh Jhunjhunwala to invest in this company, stock hits upper circuit

Rakesh Jhunjhunwala to invest in this company, stock hits upper circuit

Indian ace investor and stock market trader Rakesh Jhunjhunwala will invest nearly ₹31 crore in the lesser-known smallcap metals and mining company Raghav Productivity Enhancers, as informed by the company in an exchange filing on the BSE on Sunday. Shares of Raghav Productivity Enhancers continued to extend gains on Tuesday as it hit upper circuit […]

Select pharma, metal stocks may witness more upside: Bissa

Select pharma, metal stocks may witness more upside: Bissa

Gaurav Bissa, V-P Technicals & Derivatives, , said there can be some more upside in the pharma names. But yes, one has to be selective because there are certain names which are still looking weak, like Dr Reddy’s,” says he. Excerpts from an interview: This week the market actually moved in tandem with what the […]

Fed keeps rates unchanged in a relief to stock markets

Fed keeps rates unchanged in a relief to stock markets

Stock markets heaved a sigh of relief after the US Federal Reserve indicated a continuation of its easy money policy and monthly bond purchases. The Fed’s monetary policy panel decided to keep interest rates in a range between zero and 0.25% at its latest meeting. Even though daily new coronavirus cases have roughly quadrupled since […]