Indian indices surged with Sensex up 0.61% at 74,327 and Nifty50 at 22,561, tracking positive global cues. Top performers included Kotak Mahindra Bank, JSW Steel, TCS, and UltraTech Cement.
Sensex Today | Stock Market LIVE Updates: Domestic benchmark indices slipped into the red as investors booked profits at higher levels. Nifty50 hit its all-time high in opening deals. While strong buying action in Bajaj twins along with firm cues from global markets had lent support to the sentiments on Dalal Street, selling in index heavyweight RIL, HDFC Bank and Airtel weighed on indices.Highlights of trade:Nifty hits new high, Sensex reclaims 75,000 markCoke bottler looks to uncork IPO plansBritannia, Titan among key earnings todayBajaj twins rise up to 7% on relief from RBIYes Bank has 2.1% of equity change handsExpert View: Prashanth Tapse, Mehta Equities Nifty is showing signs of resurgence following a recent downturn, largely propelled by Federal Reserve Chairman Jerome Powell s reassuring stance on interest rates. Positive indicators include heightened buying activity from both FIIs and DIIs, coupled with WTI oil s decline below $81 per barrel. The removal of restrictions on Ba
Apart from five sectors, which constitute one-third of the overall market, all others are trading at a premium to their historical long-period averages, MOFSL noted