Benchmark Indices erase early losses, stage pre-interim budget rally
The equity markets were quick to erase early losses as they staged a pre-interim Budget rally on Wednesday.
The equity markets were quick to erase early losses as they staged a pre-interim Budget rally on Wednesday.
The extent of the jump in food inflation and other upside risks to inflation can compel the Reserve Bank of…
The sell-off by the FPIs in March is way more than they pulled out in January and February of Rs 33,303 crore and Rs 35,592 crore, respectively.
"Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout,"
According to Likhita Chepa, Senior Research Analyst, CapitalVia Global Research: "The Indian benchmark had a gap up start today and is likely to recover from the previous session's fall."
In the previous session, the BSE barometer ended 382.91 points, or 1.02 per cent, lower at 37,068.93, and the Nifty shed 97.80 points, or 0.89 per cent, to finish at 10,948.30.
Sensex closed 266.07 points higher at 38,823.11, while the Nifty advanced by 84 point to 11,582.90.
Rupee recovered and ended at 69.90 against the dollar, hours after it crossed the 70-per-dollar mark and touched a new all-time low of 70.08 per dollar
According to market observers, healthy buying in oil and gas, banking and metals stocks supported the indices' upward movement
Healthy buying activity was witnessed in IT, capital goods and healthcare stocks