
Why Dream Budget for salaried class could not lift Nifty?
Composition of the index is a key matrix that is keenly observed by smart money.
Composition of the index is a key matrix that is keenly observed by smart money.
Since 1999, Sensex has closed lower than the previous day's close on 15 occasions after the Budget announcement.
In the last nine trading sessions, Nifty nosedived 503 points or 2.76% but the historical trend hints reversal in market
Anticipations and expectations that masses will indeed develop ahead of any key event, do happen ahead of the budget too and for its obvious significance in highest intensity.
We are at 10-15% earnings growth. Our returns should match that.
With this, the timings for call or notice or term money market operations have been extended from the existing 9:00 am to 3:30 pm to 9:00 am to 5:00 pm.
Following the quarterly results, domestic brokerage ICICI Securities has given a ‘Buy’ call for Hindalco, while raising the company’s target price to ₹515.
Vodafone-Idea shares opened a tad lower at ₹8.53, against the previous closing price of ₹8.57 on the BSE.
In the near term, the BSE Sensex is expected to cross the 66,000 mark, while the NSE Nifty is projected to hit the 20,000 level.
Paring some of early gains, the BSE Sensex ended 1,016 points, or 1.80%, higher at 57,427, and the Nifty50 index climbed 276 points, or 1.64%, to 17,094.