Indian stock market hit record highs as the Sensex crossed 76,000 and the Nifty 50 breached 23,100. Nifty 50 s current PE is 21.9, slightly below its one-year average. Experts warn of overvaluation but predict sustained growth if election results align with expectations.
The RBI likely intervened near 83.50 levels earlier in the session to cap weakness in the rupee but interbank dollar sales picked up after the mid-day fix, which helped the currency gain, traders said. The fix is a daily reference rate for the dollar-rupee pair published by the central bank.
Indian elections results: ETMarkets Smart Talk: Nifty hitting 24K is subject to Indian elections results and Middle East tensions: Sandeep Raina indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Indian shares see worst week since mid-March as volatility, foreign selling weighs - Markets brecorder.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brecorder.com Daily Mail and Mail on Sunday newspapers.
Sensex, Nifty log worst week since mid-March as volatility, foreign selling weighs vccircle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vccircle.com Daily Mail and Mail on Sunday newspapers.