From the Sensex pack, Larsen & Toubro jumped over 3 per cent.ITC, Reliance Industries, Sun Pharma, Kotak Mahindra Bank, Axis Bank, Infosys and State Bank of India were the other major gainers.
Equity markets began the new financial year with smart gains on Friday, with the Sensex rallying over 708 points to recapture the crucial 59,000-mark following gains in index majors HDFC twins and Reliance Industries, along with foreign fund inflows. On the first day of trading in the new financial year, the BSE barometer rallied 708.18 points or 1.21 per cent to settle at 59,276.69. During the day, it jumped 828.11 points or 1.41 per cent to 59,396.62. The broader NSE Nifty advanced 205.70 points or 1.18 per cent to settle at 17,670.45.
Brokerages expect a further slowdown in Indian firms' revenue and earnings growth in Q4FY25, following low single-digit growth in the preceding three quarters, as factors like weak consumer demand and credit growth linger on.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
IIM Lucknow has concluded its 2020-21 final placements.
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Licence winners are expected to be announced by the first quarter of 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293.
Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
India Inc is ready to diversify into unchartered areas.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
Analysts say consumers would be the real winners.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Sensex rises, Nifty ends at record high; RIL shares rally.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
4 MNCs among top 10 companies with dividend-earning promoters in FY15.
FIIs pump in Rs 2,075 crore in past three trading sessions.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
