RECORD HIGHS
Market Wrap: Nifty hits record closing high, Sensex closes in on peak as IT stock gains extend D-Street rally
Benchmark equity index Nifty50 hit a record peak of 25,129.6 on Wednesday, slightly closing higher than the previous day, driven by gains in IT stocks. Sensex closed at 81,785, gaining 74 points. LTIMindtree, Wipro, Divi's Labs, Bharti Airtel, and Infosys were top gainers, while Maruti Suzuki and Asian Paints lagged.
Nifty at record high: Bharti Airtel, IndiGo among 317 stocks that hit 52-week highs
Bharti Airtel and IndiGo stocks soared to new all-time highs on Wednesday, with Bharti Airtel reaching Rs 1,545.85 (up 1.5%) and IndiGo climbing to Rs 4,944.60 (up 4.2%). Other stocks hitting their 52-week highs include IEX, ICICI General Insurance, Indian Hotels, Lupin, MCX, and SBI Life Insurance Company.
Office space leasing is expected to reach a record high in 2024
India's office market is poised for a record-breaking year, with leasing in the top eight cities expected to exceed 80 million square feet in 2024, marking a third consecutive year surpassing the 70 million square feet milestone. This growth is driven by high demand for premium spaces with strong ESG credentials and modern amenities, both from domestic and international companies.
Stock Radar: ICICI Prudential hits fresh record high in August 2024; should you put in fresh money or book profits?
ICICI Prudential Life Insurance reached a record high in August 2024 and has been consolidating around Rs 700 since July. Experts recommend buying on dips, targeting Rs 820 within 3-4 weeks. The stock remains above critical support levels and moving averages, reflecting bullish sentiment among traders.
Gold holds ground near record high as rate-cut bets build
Gold prices remain largely unchanged, holding near a record high amid potential U.S. rate cuts and safe-haven demand due to the Middle East crisis. Spot gold is steady at $2,524.88 per ounce, while U.S. gold futures rose slightly. Investors are keenly awaiting upcoming inflation data for further market insights.
Dow hovers around its record high
Stock indexes on Wall Street showed mixed results a day after the Dow Jones Industrial Average hit an all-time high. The S&P 500 rose 0.2% in afternoon trading, while the Dow dropped 19 points. Semiconductor company Nvidia gained ground, and Treasury yields held steady in the bond market.
- Go To Page 1
Gold drifts near record high amid Fed rate-cut optimism, geopolitical woes
Gold prices were steady on Tuesday, close to record highs, driven by safe-haven demand from Middle East tensions and prospects of a U.S. Federal Reserve interest rate cut in September. Spot gold remained unchanged, and U.S. gold futures saw a slight decline. Traders are anticipating a potential interest rate cut, enhancing gold's attractiveness.
Dow hits record high on increased September rate cut bets, Nvidia results on tap
The S&P 500 and the Dow opened higher on Monday, with markets focused on results from AI-darling Nvidia and a key inflation report due later in the week, while geopolitical tensions in the Middle East made investors wary.
Tech View: Nifty is 68 points away from a record high. Here’s how to trade on Tuesday
The index displayed a strong bullish signal on the daily chart, forming a long candle with a small upper shadow. This suggests an attempt to break through the resistance level created by the downward gap on August 2nd, which was around 24,950-25,000. Furthermore, the significant downward gaps observed on August 2nd and 5th have been fully closed, around 24,950 and 24,680 respectively. Nagaraj Shetti of HDFC Securities views this as a positive development.
Pick stocks with strong performance track record: 5 stocks with up to 26% one-year upside
The companies that maintain healthy revenue growth and margins can generate market-beating returns.
S&P 500 nears record high as Powell signals imminent rate cut at Jackson Hole
Wall Street's key indexes surged following remarks from Federal Reserve Chair Jerome Powell about lowering interest rates. The S&P 500, close to a record high, saw gains led by tech and chip stocks. Powell's comments suggest possible policy easing, aligning with traders' expectations for a rate cut in the next Fed meeting.
Stock Radar: 50% rally in 6 months! This commercial vehicle stock hits fresh record high in August; time to buy?
Ashok Leyland stock price has seen a remarkable increase, rising over 51% from Rs 171.30 on February 19, 2024, to Rs 260.25 on August 21, 2024. This impressive momentum even led the stock to reach a new all-time high of Rs 261.70 on August 20, 2024. Despite a brief period of consolidation in June and July, the stock rebounded strongly after retesting its 40-day moving average (40-DMA) in early August. The current upward-rising channel pattern further reinforces the bullish sentiment surrounding the stock.
Stock Radar: CG Power sees profit taking after hitting record high in July; should you buy after recent drop?
CG Power & Industrial Solutions Ltd displayed recovery signs following a record high in July 2024. Although it dipped over 6%, the stock found support above Rs 650 levels and remained bullish. Analysts forecast a target of Rs 850 and recommend a stop loss at Rs 650.
Aussie logistics software maker WiseTech hits all-time high on stellar outlook
WiseTech Global's shares soared as much as 21.8% to their all-time high of A$114.990, and was among the top three gainers in the ASX 200 benchmark index. The company expects 2025 revenue to be between A$1.30 billion and A$1.35 billion, the mid-point of which is in-line with consensus.
Stock Radar: Range breakout could push TCS to record highs; time to buy?
Tata Consultancy Services recorded a breakout from mild consolidation, with potential targets above Rs 4,550 in the upcoming weeks. The stock, part of the S&P BSE Sensex, displayed strength by trading above key moving averages and witnessed significant buying interest, indicating robust momentum and a possible rise to new highs.
Gold hits record high as global markets rise
Gold hit a record high on Friday as global stock markets gained on reassuring data about the health of the world's biggest economy and likely US interest rate cuts. The gold spot price rose to a record high of $2,509.41 an ounce as investors snapped up the haven investment in the face of an increasingly likely US interest rate cut in September and heightened geopolitical risks.
India's struggles with high rape cases, low conviction rates
The recent rape and murder of a trainee doctor in Kolkata has sparked protests across India over persistent sexual violence despite legal reforms. Despite tougher penalties and changes to the criminal justice system since the 2012 gang-rape case, the number of reported rapes remains high. Conviction rates are low, with judges sometimes hesitant to convict due to the severity of the sentences. Major cases have continued to make headlines, highlighting the ongoing crisis.
Stock Radar: 50% rally in 3 months! This pharma stock hits a fresh record high in August; time to buy or book profits?
Natco Pharma Ltd experienced a significant 50% increase in its stock price over the past three months, hitting record highs in August 2024. Analysts believe the upward trend will continue, advising traders to purchase with a target above Rs 1,600. Technical data indicate strong momentum, but experts recommend a stop loss at Rs 1,310.
High jumpers still refuse to share Olympic gold, even after three years of a similar massive controversy, know the inside story
High jumpers at the Paris Olympics have performed exceptionally well, with multiple medals going to Team USA's haul over the past week. Meanwhile, the rift around the sharing of a high jump gold medal from the previous edition of the Olympic Games could not set a due example in this recently completed Olympic Games.
Stock Radar: 90% rally in a year! This Rs 4 lakh cr Mcap power company hits fresh record high in August; should you buy?
NTPC Ltd experienced a remarkable 90% increase in stock value over the past year. The stock reached a record high of Rs 426 on August 2, 2024, and experts suggest it could rise further to Rs 490. The company's stock trend remains bullish, supported by strong investor interest and trading patterns.
Auto sector weightage in FPIs’ portfolio at a new high in July
Foreign investors have ramped up their investments in the Indian auto sector, buoyed by strong earnings and improved cost management. In July, the sector's weightage in FPI portfolios reached a peak of 8.10%. Projections estimate an earnings growth of 15-18% this fiscal year, enhancing the sector's appeal amidst higher overall market valuations.
Nifty @25,000: Indices close at new highs, Fed rate talk adds strength
India's Nifty index surpassed the 25,000 mark for the first time, buoyed by positive cues from the US. The Sensex also saw a record high during the session, while midcap and smallcap indices declined. Foreign Portfolio Investors net purchased shares worth Rs 2,089 crore, reflecting strong market interest.
No vertigo mid & smallcap indices make new records
Mid-cap and small-cap indices achieved new highs with strong retail investor interest. Nifty's Midcap 150, Smallcap 250, and Microcap indices all recorded significant growth. Analysts noted the influence of market liquidity, mutual fund investments, and anticipated US rate cuts as key drivers behind the positive sentiment and impressive gains.
D-Street ends at record high; Sensex up 286 points, Nifty tops 24,950
Indian benchmark equity indices rose for the fourth straight session on Wednesday, driven by gains in IT stocks as investors awaited the Federal Reserve's policy decision. Contributions from Maruti Suzuki, Bharti Airtel, and ITC further fueled the upward momentum.
NTPC shares rally 5% to fresh record high. Here's why
NTPC's stock surged 5% to an all-time high after Jefferies reiterated its Buy rating and raised the target price to Rs 485. The brokerage cited NTPC's substantial progress in renewable and thermal power projects.
Nifty's new high misses 25,000 by a whisker
India's equity benchmarks achieved new highs on Monday, with the Nifty closing just below the 25,000 mark at 24,836.10. Sensex also reached record levels before ending at 81,355.84. Initial gains were pared by selling pressure. Investors remain cautious as they await the US Federal Reserve's meeting later this week.
Stock Radar: Pharma stocks back in focus! Sun Pharma likely to surpass April 2024 highs
Sun Pharma Ltd rose by over 17% since June 2024, hitting above Rs 1,300 levels. Experts suggest that if the momentum continues, the stock could reach Rs 1,700. Pharmaceutical stocks are gaining attention as safer defensive options amid a volatile market. Short-term traders are advised to consider it for potential gains.
Stock Radar: 100% rally in 1 year! This FMCG stock breaks out from rectangular pattern; time to buy?
Jyothy Labs Ltd, in the FMCG sector, has broken out from a consolidation range, paving the way for potential record highs. Traders advised to accumulate at current levels for a target of Rs 580 in the next 3-6 months. Technical indicators suggest bullish momentum in the stock.
Nifty continues record run, scales 24,650 mark; Sensex rises 100 points
Indian indices rose 0.12%, with Sensex gaining 97 points and Nifty 50 reaching a new July record, up 29 points at 9:22 am, trading at 24,615. Nifty rose in 8 out of 12 July sessions. Bharti Airtel, Adani Ports, Tata Steel, and Bajaj Finserv led gains, while HCL Tech, L&T, Tata Motors, and Nestle India saw losses.
Load More
