The broader NSE Nifty reclaimed the 11,600 level, zooming 326 points or 2.9 per cent to settle at 11,600.20. Top gainers in the Sensex pack included Bajaj Finance, L&T, Asian Paints, ITC, Axis Bank, Kotak Bank, ICICI Bank, HDFC twins, Maruti and SBI, rallying up to 8.70 per cent.
Ruchir Sharma on the market potential over the next 12 months
After outperforming the broader market and their public sector peers for the better part of the post-Lehman period, private sector banks - such as HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank - are now underperforming. Last week, the Nifty Private Bank index was up just 6 per cent year-to-date in the calendar year 2021, against nearly 13 per cent rally in the Bank Nifty and a 15 per cent rise in the benchmark Nifty50. Public sector (PSU) banks, such as State bank of India, Bank of Baroda, and Punjab National Bank, are now rally leaders and outperforming the broader market. The Nifty PSU Bank index was up 42 per cent since the beginning of this calendar year. But on a longer term, the Nifty Private Bank index is up 101 per cent since March 2016, against a 118 per cent rally in the Bank Nifty and just 2 per cent rise in the Nifty PSU Bank index in the period.
Verstappen wins in Qatar to ensure three-way title showdown
A lot of gains have been driven by foreign portfolio investors. Lower interest rates globally have forced foreign investors to seek avenues for growth. They have been net buyers to the tune of Rs 2.5 trillion over the trailing 12 months, including May, reports Sachin P Mampatta.
Here's a look at some key moments which helped decide the championship fight.
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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Barclays estimates $1,900 an oz this year; analysts say ultra-low interest rates in advanced economies to ensure demand keeps rising.
The aftershock of Sunday's double disqualification in Nevada hangs over champions McLaren ahead of a sprint weekend in Qatar that could hand Lando Norris his first F1 crown -- or erode his lead.
Lando Norris can be crowned champion on Sunday but a win for Oscar Piastri would take the battle down to a final showdown in Abu Dhabi next weekend.
Infosys was the top gainer in the Sensex pack, jumping over 4 per cent, followed by Tech Mahindra, Tata Steel, ICICI Bank, ITC, Maruti, SBI and Axis Bank. On the other hand, HCL Tech, M&M, Dr Reddy's, Asian Paints, Bajaj Auto and Bharti Airtel were among the laggards.
Unsmiling assassin Lewis Hamilton killed off Red Bull's run of 16 pole positions in a row with the fastest lap in qualifying for McLaren at the Korean Formula One Grand Prix on Saturday.
Shubman Gill's return to his former IPL home was the stage for a batting masterclass. His near-flawless 90 off 55 balls, brimming with elegance, control, and quiet authority.
Generally, it has been seen that commodity prices are driven higher by surging demand throughout the world. But the irony is that the latest surge comes amid concerns about a weaker global economy. At present, commodities prices are rising because the U.S. interest rates are falling below the rate of inflation.
Reports have put the IPO pipeline between 19 and 30 issues, of Rs 10,000-20,000 crore or Rs 100-200 billion.
Remember those scenes in Zindagi Na Milegi Dobara where Abhay Deol, Farhan Akhtar and Hrithik Roshan run ahead of rampaging bulls in Pamplona?
With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.
Is this a good time for people to invest in stocks? Or do you feel that the stockmarket is overheated and will soon nosedive?
As the rally in precious metals takes centre stage in 2025, most analysts recommend a larger allocation to gold over silver despite the latter's outperformance this year. In the current calendar year (CY25), spot gold prices in dollar terms rallied
In the first part of a series on how foreign portfolio investment is driving the Sensex, Janaki Krishnan and Rakesh P Sharma examine what it is that is drawing these funds to the Indian equity market
Norris had shown his pace in final practice when he became the third different driver to top the timesheets in the three sessions, punching out an impressive lap 0.345 faster than anyone else.
'A staggered investment approach (using SIP or STP) can help investors benefit from this opportunity while reducing timing risk.'
'The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself.'
The gold and silver holdings of domestic mutual funds (MFs) crossed the Rs 1 trillion mark for the first time in September, powered by a blistering commodity rally that lifted precious metal prices and drew fresh inflows into dedicated MF schemes.
When running with the bulls, injuries are a given and this year was no different. While some question if the centuries-old tradition should continue, with many raising objections about the cruelty to the bulls, the practice, regardless of all the danger and controversy continues to be a crowd-puller of epic proportions. Here are some glimpses from the festival.
Max Verstappen seized pole position for Sunday's US Grand Prix while Formula One leader Oscar Piastri qualified sixth after a costly sprint race collision with his McLaren teammate Lando Norris.
Valuations are much higher than the consensus earnings expectations warrant and also much too high in historical terms, says Devangshu Datta.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
Norris last led the standings in April, a gap of 189 days, and had not won a race since Hungary in early August. Sunday was his sixth victory of the season, one less than Piastri, and career 10th.
Persistent capital inflows by domestic institutional investors and retail investors kept the markets in fine nick
