ANI
30 Nov 2022, 15:18 GMT+10
New Delhi [India], November 30 (ANI): Indian stock indices traded largely steady on Wednesday morning and continued to stay at their all-time highs for the third straight day.
At 9.49 am, Sensex traded at 62,678.90 points, down just 2.94 points or 0.0047 per cent, while Nifty traded at 18,629.95 points, up just 11.90 points or 0.064 per cent.
The robust inflows of foreign funds, the relative strength of the Rupee, and the hint by the US Fed on slowing down on policy rates have been keeping Indian stock markets buoyant.
The minutes of the US Federal Reserve's latest monetary policy review meeting showed a substantial majority of members judged that a slowing in the pace of increase in policy rates would likely "soon be appropriate".
Coming to foreign funds, they purchased almost Rs 35,000 crore worth of equities in India in November, NSDL data showed.
Among the Nifty 50 companies, Hindalco, JSW Steel, Tata Steel, Dr Reddy's, and Bajaj Auto are the top gainers, whereas HCL Tech, Infosys, Tech Mahindra, BPCL, and Apollo Hospitals are the top losers, National Stock Exchange data showed.
"An important feature of the ongoing rally which has taken the Sensex and Nifty to record highs is that this is a mature rally led by high-quality stocks in performing sectors. There is no celebration in the market because this rally has largely bypassed the broad market," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Vijayakumar added profit booking and selling by domestic institutional investors at higher levels can trigger corrections.
Further, Rupee opened at 81.64 versus the previous session's closing of 81.72. For the record, in October, the rupee breached the 83 mark for the first time in its history. (ANI)
Get a daily dose of Jamaican Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Jamaican Times.
More InformationNEW YORK, New York - A slowing of wages growth in the fourth quarter, as reported by the Labor Department, ...
NEW YORK CITY, New York: As it sets aside more funds to cover potentially bad loans, American Express announced that ...
LONDON, England: Flybe, a British regional airline, abruptly closed operations on January 28. The airline offered flight to Belfast, Birmingham ...
JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
MIAMI, Florida: This decade, the US south is expected to see more new residents than any other region in the ...
NEW YORK CITY, New York: After reporting record revenues in the fourth-quarter of 2022, US airlines expect strong travel demand ...
MANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
LONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
Israel was behind Sunday morning's drone strike on an Iranian munitions facility; the Wall Street Journal has reported, citing American ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...