Indian equity indices ended on a weak note on Thursday after the US Fed s rate pause, triggering a mixed reaction in the global markets. The BSE Sensex declined 0.49% while the Nifty fell 0.4%. The pharma and healthcare pack notched the highest gains, but the PSU Banking pack emerged as the top laggard. Analysts believe that the possibility of two more rate hikes by the US Fed this year could be the reason behind the reduction in buying interest in Indian markets. However, buying interest is also observed, with the Nifty Mid-cap index trading at an all-time high.
Patience can sometimes result in stupendous rewards on the stock markets, as investors in Jyoti Resins & Adhesives would know. Its stock price has risen 5,281 times in 2 decades
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Nifty futures on the Singapore Exchange traded 26 points, or 0.14 per cent, lower at 18,324, hinting at a negative start for the domestic market on Tuesday.
Monarch initiated coverage on Landmark Cars with a target price of Rs 830. It is a standout entity for its uniqueness – the only listed auto dealer in India and that too focused on luxury vehicles.