Sensex, Nifty extend record momentum on banking boost

Indian shares scaled record highs on Friday and were set to post a weekly gain of more than 1%, as banking stocks jumped a day after the country’s finance minister laid out details for the establishment of a bad bank. The blue-chip NSE Nifty 50 index rose 0.52% to 17,721.0 by 9:27 am, having hit a record of…

Sensex, Nifty near record highs as retail inflation eases

Indian shares opened near record highs on Tuesday after data showed the country’s retail inflation eased to a four-month low, while Zee Entertainment surged 10% after top investors sought the removal of its chief executive from its board. The blue-chip NSE Nifty 50 index was up 0.3% at 17,407.65 by 9:16 am, and…

Sensex, Nifty inch lower as Reliance drags, inflation data in focus

Indian shares inched lower on Monday, dragged by heavyweight Reliance Industries after the conglomerate delayed the launch of a low-cost smartphone it is developing with Google, with investors awaiting key inflation data due later in the day The blue-chip NSE Nifty 50 index was down 0.22% at 17,335.35 by 9:18 am, while…

Sensex, Nifty end at record highs as Reliance shares jump

Indian shares scaled new peaks on Friday, with the blue-chip Nifty registering its best week since early February as conglomerate¬†Reliance Industries surged to record highs, and investor focus on U.S. jobs report due later in the day. The blue-chip NSE Nifty 50 index was up 0.52% at 17,323.60 at close and the…

Sensex, Nifty hit record highs on financial gains, Q1 GDP jump

Indian shares hit all-time highs on Wednesday, helped by financials and automaker stocks, and after data showed the economy grew more than 20% in the June-quarter. The blue-chip NSE Nifty 50 index was up 0.22% at 17,170.25 by 9:17 am and the benchmark S&P BSE Sensex rose 0.24% to 57,687.67. Both the indexes…

Sensex at record high after gaining 400 points, Nifty tops 16,800 for 1st time

Indian shares jumped to record highs on Monday, boosted by automaker and metal stocks, while broader Asian peers’ rise on Federal Reserve Chair Jerome Powell’s speech last week also aided gains. The blue-chip NSE Nifty 50 index was up 0.67% at 16,817.40 by 9:22 am and headed for its sixth straight session…

Sensex hits all-time high, Nifty above 16,650 as metal stocks gain

Indian shares hovered near record highs on Wednesday, boosted by Tata Motors and metal stocks, with sentiment aided by strength in global peers after worries about the tapering of the U.S. Federal Reserve’s pandemic-era stimulus eased. By 9:20 am, the blue-chip NSE Nifty 50 index was up 0.3% at 16,674, and the…

Sensex, Nifty gain marginally as metal stocks rally

India’s benchmark stock indexes rose on Tuesday, driven by metals and technology stocks, with investor sentiment buoyed by a full U.S. approval for a COVID-19 vaccine. By 9:19 am, the blue-chip NSE Nifty 50 index was up 0.22% at 16,532, while the benchmark S&P BSE Sensex was up 0.16% at 55,644.94. Metal…

Sensex, Nifty flat after opening lower; pharma, tech stocks rise

Indian shares rose on Tuesday, after closing at record highs in the previous session, as gains in pharma and technology stocks helped investors look past losses in banks and rising global cases of the Delta coronavirus variant. By 10.07 am, the blue-chip NSE Nifty 50 index was up 0.09% at 16,577.80 and the benchmark…

Sensex, Nifty flat as investors remain cautious; SpiceJet shares drop

Indian shares were little changed on Monday, as cautious investors weighed a possible slowdown in the world’s second-largest economy, while budget carrier SpiceJet dropped after reporting a wider quarterly loss. By 9:33 am, the blue-chip NSE Nifty 50 index was down 0.06% at 16,519.70 and the benchmark S&P…