Nifty records longest winning streak of 14 sessions; breaks 2007’s 11-day feat
On Tuesday, the Nifty50 index managed to extend its winning streak, albeit only by a whisker, settling the session just one point higher at 25,280.
On Tuesday, the Nifty50 index managed to extend its winning streak, albeit only by a whisker, settling the session just one point higher at 25,280.
In the base case, Nifty is expected to reach 25,810 level, while it is likely to hit 27,100 mark in bull case and 23,229 in bear case.
In the last nine months, the mcap of all BSE-listed companies increased by ₹100 lakh crore to cross ₹400 lakh crore marks for the first time ever.
The top gainers on the BSE Sensex pack were Tata Steel, JSW Steel, Larsen & Toubro, Titan Company, and ICICI Bank, rising in the range of 3-5%.
The market may see volatility as Finance Minister Nirmala Sitharaman will present her sixth Budget in Parliament today.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
In 18 of the past 29 years, Sensex dipped on Budget day; 2021 was most volatile.
The cumulative m-cap of BSE-listed companies surge over ₹27 lakh cr in December to ₹366 lakh cr as of December 27.
Indian stock market created history in CY23 with the Sensex and Nifty crossing 71K and 21K marks, respectively, with both indexes surging around 17% YTD.