Related News

Our oceans encompass over 70 per cent of the Earth’s surface area; however, the depths of the oceans represent one of mankind’s most mysterious frontiers. Under thousands of meters of

Although many people consider the cosmos to be a peaceful, stunning environment, the truth behind its appearance offers an incomprehensible universe with extreme events. For instance, there are the undead

Indian-American space scientist Amit Kshatriya holds a senior leadership position at Nasa, an agency that has recently completed the Artemis II mission, a significant step in its renewed human lunar

A handwritten letter from a 10-year-old girl named Kaela has sparked a surprisingly large conversation about Pluto’s status after it reached NASA and received a public reply. In her note,

This “house-sized asteroid” is going to come within proximity of Earth on April 9. Named Asteroid 2026 GD, it is said to come past at an altitude lower than that

The discovery of water on the Moon was once a paradigm-shifting discovery that would revolutionise deep-space logistics in the universe in ways we never thought possible; this would allow astronauts

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Diwali rally: Sensex up 2k points in 4 days on foreign fund buying

Word Count: 613 | Estimated Reading Time: 4 minutes


Diwali rally: Sensex up 2k points in 4 days on foreign fund buying

Mumbai: Sensex rallied to a 52-week high on Friday at above the 84,100-point mark in early trades but end-of-the-session profit taking pulled the index down a bit and it closed 485 points up at just below the 84k mark. Since Tuesday, the sensex has risen nearly 2,000 points or 2.3%.On NSE, Nifty gained 178 points to close at 25,324 points, a 52-week high level. Along with Nifty, the banking index rallied to a record all-time high, exchange data showed. According to Ajit Mishra of Religare Broking, the rally in the market was supported by multiple factors — notably, positive foreign fund inflows and a stronger rupee.“Foreign investors continued to be net buyers, encouraged by a benign global interest-rate environment and resilient corporate earnings from leading private banks and consumer-focused majors,” Mishra said.This week, foreign portfolio investors (FPIs) net bought stocks worth Rs 1,548 crore, data combined from BSE and NSDL showed. Net FPI inflows stand at Rs 6,480 crore this month, compared to net outflows aggregating Rs 76,619 crore in Sept.Outside of the leading indices and some others, mid- and small-cap stocks witnessed profit taking, with BSE mid-cap index closing 0.4% down and small-cap index 0.5%. As a result, investors were left poorer by a marginal Rs 3,000 crore, with BSE’s market capitalisation now at Rs 466.9 lakh crore, official data showed.Among the sensex constituents, ICICI Bank, Reliance Industries, HDFC Bank and Bharti Airtel contributed the most to the index rally, BSE data showed. In contrast, selling in Infosys, Eternal and a few other stocks limited the index’s gains for the day. Of the 30 sensex constituents, 17 closed with gains while 13 closed lower.





Source link

Most Popular Articles