Lenders and metal makers led Indian shares to a record high, offsetting losses in software and health-care companies, as Narendra Modi’s election victory spurred stocks that benefit most from a stronger economy. State Bank of India jumped 4.4 percent, sending a gauge of lenders to a record. Sesa Sterlite Ltd. (SSLT) headed for its highest Read More
Author: SGX Nifty
Indian Indices: Indian Indices are likely to extend gains and open higher after the sweeping victory by BJP-led NDA. SGX Nifty is trading 63.50 points higher. India’s BSE index rose as much as 6.1% intraday to a record high on Friday as the Bharatiya Janata Party and its allies swept the country’s elections, Read More
3:31 p.m. Sensex ends 216 points higher at 24,121 after earlier rallying 1470 points on BJP’s big win. Though the markets came off sharply from its day’s high of 25,375.63, buying was seen at lower levels and it is likely to keep markets supported, says market expert Deven Choksey. Though markets lost Read More
3:31 p.m. Sensex ends 216 points higher at 24,121 after earlier rallying 1470 points on BJP’s big win. Though the markets came off sharply from its day’s high of 25,375.63, buying was seen at lower levels and it is likely to keep markets supported, says market expert Deven Choksey. Though markets lost Read More
3:31 p.m. Sensex ends 216 points higher at 24,121 after earlier rallying 1470 points on BJP’s big win. Though the markets came off sharply from its day’s high of 25,375.63, buying was seen at lower levels and it is likely to keep markets supported, says market expert Deven Choksey. Though markets lost Read More
Indian stocks rose to record highs in a volatile trading session after vote counts showed the main opposition alliance set for the biggest election win in 30 years. The rupee strengthened, while the India VIX tumbled. The S&P BSE Sensex (SENSEX) increased 0.9 percent to 24,121.74, after swinging between a gain of 6.1 percent and Read More
Indian Indices: Indian markets likely to open higher as early leads in some of the states indicate that the BJP-led NDA is ahead. SGX Nifty is trading 44.50 points higher. Indian shares edged up on Thursday to near the record highs hit earlier this week as blue-chips such as HDFC Bank gained on Read More
3:05 p.m. CLSA’s Christopher Wood in the newsletter Greed & Fear says decisive mandate gives Modi a much greater chance of effecting real change and driving a new investment cycle. “The challenge is clearly India’s federal structure and the considerable powers of chief ministers in individual states. Still given the decisive message Read More
1:20 p.m. HSBC’s on Indian Economy as NDA Heads for Big Win: “It is important to not overestimate the potential impact of the election on the real economy in the short term, given the time it will take to implement the needed economic reforms and execute investment projects.” HSBC maintains its India Read More
9:40 a.m. Banking stocks are on fire today. Bank Nifty surges 7.8 per cent to 15,347. Former SBI chief Pratip Chaudhuri says the expectation is interest rates will come down and banks to see gains on their mark-to-market portfolio. Besides, a rebound in economy will have a positive effect on NPAs, he added. Read More