A sharp rally in IT stocks powered the Sensex to close above the 66,000-mark for the first time ever on Friday.
IT heavyweights led the rally as the BSE Sensex closed at 66,060, up 502 points.
Among IT heavyweights, TCS was up 5.1 per cent, Tech Mahindra was up 4.4 per cent, while Infosys was up 4.4 per cent.
HCL Tech was up 3.8 per cent, while Wipro was up 2.6 per cent.
Vinod Nair, Head of Research at Geojit Financial Services, said that controlled inflation in the US has instill...
Sensex closes above 66K, Nifty touches new high intraday
The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities.
Vikram Kasat, head advisory, Prabhudas Lilladher, said Nifty Index made a higher high in Thursday’s session, whereas the BankNifty Index is still significantly below the previous high, leading to inter-market divergence in the short term.
PSU banks s...
Bank stocks selloff drags down Nifty from all-time high
JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD
Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route. The 1,050 megawatts (MW) under-construction coal-based powe...
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
